Are you nearing retirement and looking for a suitable investment platform for precious metals? Or are you an early planner seeking a more stable investment avenue for the long term? This review on Monetary Gold could help you evaluate your investment options and make the right decision.
What is Monetary Gold?
Founded in the year 2000, Woodland Hills, California-based Monetary Gold provides potential investors with silver and gold products that can be held as precious metals IRAs or included in portfolios.
Monetary Gold provides semi-numismatic coins, certified-graded coins, and IRA-eligible bullion coins based on the preference of the investor. They also assist clients in opening a self-directed IRA. Palladium and platinum products are not part of their investment portfolio. The company is committed to educating and informing clients about investment in precious metals.
Before we continue...
We have worked very hard to review, research and reveal the most important pieces of information that investors need to know before investing their money. We have been able to narrow a list down to the top 5 gold IRA companies.
I recommend you check the list before proceeding with any IRA transfer.
Quick answer: Augusta Precious Metals is our #1 recommendation for multiple reasons, including their
A+ BBB rating, thousands of top rankings, and Money magazine’s selection of them as “Best Gold IRA Company.” PLUS, they will pay all custodial and storage fees for up to 10 years!
Impressive ratings, zero complaints
Monetary Gold is an accredited business by the Better Business Bureau with a consistent rating of A+ for more than two decades.
The company has been identified as a Top 5 Gold IRA company by Retirement Living. It has been rated A by Business Consumer Affairs with zero complaints filed against the company during the last 3 years. TrustLink has assigned a 5-star rating to Monetary Gold based on 10 reviews from customers.
The company has a large Facebook follower base of more than 5,300 people.
- BBB Rating: A+
- BBB Complaints: 1 complaints closed in last 3 years
- TrustLink: ⭐⭐⭐⭐⭐ (5.0/5) Based on 10 reviews
- Trustpilot ⭐⭐⭐ (3.2/5) Based on 1 reviews
- Consumer Affairs: ⭐⭐⭐⭐⭐ (4.9/5) Ratings - Based on 38 Reviews
- Facebook: 5,300 followers
What services does Monetary Gold offer?
Monetary Gold offers precious metal investment opportunities to potential investors that are segregated into three categories:
Bars and minted government coins: Prices are determined by open-market demand. These bullions trade close to the spot market price.
Prices range between premium certified-graded coins and lowest-value bullions. These are no longer minted and not resistant to a downward trend.
These are valued above spot price and appropriate for collectors. These coins historically outperform bullions in a downward market.
All products offered by Monetary Gold are backed by physical silver and gold, which help you secure a real deal while investing in their products.
Monetary Gold proudly claims to provide the best customer service in the market. The knowledgeable and friendly staff are always ready to address customer queries.
Another notable thing about Monetary Gold is their affordable pricing. To ensure a competitive pricing structure, they offer direct buyer pricing by eliminating all middlemen. They also frequently offer discounts and promotions to help investors save money on every purchase.
Precious metals purchased through Monetary Gold are stored in the Delaware Depository, including both segregated and non-segregated storage facilities. Investors can also avail of international storage options with sub-custody services of Bank of Nova Scotia in Canada, ON, Toronto, and Via MAT International in Switzerland and Zurich.
What does Monetary Gold offer that its competitors don’t?
With the aim of educating and informing clients regarding potential investment opportunities in precious metals, Monetary Gold provides free information kits on their website such as “Gold IRA Investment Guide” and “Coin Guide”. There is also a Resources and Market News section that provides a plethora of information on precious metals investment opportunities, prevailing metal price rates, and other media updates.
The company also organizes free workshops to educate customers about prevailing market conditions. Topics covered by Monetary Gold website articles include “The fragility of the dollar”, “Physical gold vs. gold ETF”, and “How gold compares to the dollar.”
Fees
Monetary Gold charges two types of fees: a one-time fee and an annual fee. The one-time shipping fee of $30 is charged through UPS, USPS, or FedEx, which ship your precious metals to your home or the depository.
The company charges a competitive and affordable rate for storing their precious metals through Delaware Depository. There is an annual fee of $100 which is divided into $1 for every $1000 up to $100,000. Investors need to pay a minimal markup on the purchases of precious metals through Monetary Gold. This is because they purchase precious metals directly from sellers without involving any middlemen.
There is a minimum investment requirement varying from $5,000 to $10,000 depending on the IRA custodian.
Can I trust Monetary Gold?
Monetary Gold customers seem to be satisfied. The company has been in business for over two decades with a strong market reputation.
Monetary Gold is accredited by the Better Business Bureau with an A+ rating. It has also obtained remarkable ratings from TrustLink, and BCA.
Investors are also pleased with the off-market investment opportunity provided by Monetary Gold. Clients are exposed to price fluctuations without any financial risk and are subject to the potential profit from changes in precious metals prices.
Pros & Cons
Pros
Cons
Related: Best Gold IRA Companies, Goldco Review, Gold IRA Investing Guide, Goldco vs Augusta Precious Metals
FAQ
You can consult a financial advisor to set up your Monetary Gold IRA. Monetary Gold has an in-house team of professional and experienced specialists who are qualified to assist you in setting up your account and choosing the appropriate IRS-approved silver and gold.
The IRA specialist that you engage can help you in providing the information required for deciding on an IRA custodian. For custodian service, Monetary Gold is associated with Gold Star Trust, Sterling Trust, Entrust, Strata Trust, Entrust, or New Direction IRA. These custodians are likely to have varying services and fees.
Monetary Gold is suitable for investors who:
