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Gold IRAs are increasingly popular, mainly because of currency concerns and government deficits. Our monetary gold review identifies Monetary Gold as an A-rated company and a suitable option for those seeking to invest in precious metals.
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About Monetary Gold
Monetary Gold is a prestigious precious metal company specializing in gold and precious metals investment. First founded in 2000, the company has grown exponentially and is rated as one of the top gold-backed retirement accounts.
One main reason the company stays afloat amidst significant competition is because it is a direct dealer. Most gold IRA firms only broker transactions between dealers and investors, meaning paying more for their precious metals.
In such cases, customers will also pay more for acquiring their precious metals. Therefore, being a direct dealer enables Monetary Gold to have amazing deals on precious metals, enabling clients to save more.
The company offers a wide variety of platinum, palladium, silver, and gold coins and bullion. It also offers semi-numismatic coins, foreign coins, and much more. Monetary Gold also has excellent customer service, especially guidance of new clients.
In addition, the firm has heavily invested in safety boxes for storing platinum, silver, gold, and other precious metals. These are useful if clients are looking for a more secure and private place to store their investment.
Who Owns Monetary Gold
The company's owner is not publicly disclosed, but records identify Monetary Gold as a US corporation with headquarters in Westlake Village, California. Regardless, its reputation continues to grow, and its market value increases.
If you browse online, you will pleasantly discover lots of positive reviews, enabling Monetary Gold to rate a whopping five stars. TrustLink, a third-party and reliable review site, left a lot of positive words describing the credibility of Monetary Gold.
Currently, Monetary Gold holds a well-earned A+ rating from the ever-trusted and critical Better Business Bureau. It also has more than 20 reviews, most from customers who have used and know the value of working with Monetary Gold.
Considering that most people go online to vent their frustrations and look for the bad instead of the good about a business, a five-star rating is impressive and only shows the value the business offers its clients.
Monetary Gold Products
The mention of gold automatically creates a picture of wealth, hence why it is a highly-coveted metal. It is very rare, holds its edge against inflation, is easy to liquidate, and is among the company's top precious metal investment choices. Options include:
The popularity of silver as an investment choice is also high, but its price will likely increase as its uses are getting discovered with manufacturing and technology. Varieties that Monetary Gold offers include:
Platinum is a precious metal that is about 30 times rarer than gold. Many precious metals dealers do not offer it, making it a viable option when seeking to diversify one's investment portfolio. Platinum options at Monetary Gold include:
Metal prices fluctuate based on several factors, including their demand, scarcity, and mintage. Be aware that proof coins normally have a higher premium beyond their metal content value. Popular options include foreign coins and modern proof coins.
A unique factor about Monetary Gold is its affordable pricing on its products. Clients are guaranteed great deals when investing in silver and gold through it. In addition, Monetary Gold frequently runs discounts and promotions, all favoring clients.
Customers are of utmost importance to the company, hence the availability of friendly and knowledgeable staff. It also offers a 100% satisfaction guarantee on its products, further enhancing customers' trust and confidence.
Aside from that, Monetary Gold offers free consultation on prices before customers purchase any bullion. The company's team is dedicated to ensuring clients find the bullion product that matches their needs.
Even better, customers can set up an account on the company's website and buy precious metals online, further enhancing convenience. However, buying from a physical location of the company offers better prices.
In this case, one needs a valid photo ID for verification. The ID also enables Monetary Gold to help customers fill a Background Check Request form before being granted access to enter a facility. Generally, security is of utmost importance.
For clients wishing to sell precious metal back to Monetary Gold, the best option is again to visit a physical location to assess the metal's condition. Such will help determine its worth.
Potential and existing customers can purchase from Monetary Gold through their call center or online. They offer platinum, palladium bullion, silver, and gold coins guaranteed by a major and trusted international bank to safeguard stakeholder trust.
Clients wishing to make purchases from Monetary Gold undergo three steps. The first is order placement, followed by verification of funds, and lastly, shipping. Packing and shipping up your product are only done upon verification of payment.
Another advantage of Monetary Gold is that customers can place different orders simultaneously, including bulk orders, multiple items, and single items, depending on the customer preference and taste.
Aside from that, the precious metal giant offers customers a Certificate of authenticity, further guaranteeing the purity and weight of any item you buy. As a result, customers that choose to sell their precious stones will unlikely encounter problems in the future.
Dealing with precious metals is undoubtedly a sensitive affair, so customers invest heavily in trusted, accountable, and reliable delivery companies. Moreover, most IRA investors prefer securing and controlling their assets directly.
Securely storing one's silver and gold can be challenging, especially in terms of affordability. Most precious metal companies sell silver and gold, but Monetary Gold allows its clients to combine tax advantages with physical metal ownership.
However, clients who want their gold delivered to them will require a private storage IRA account. The account has additional conditions you must consider before deciding on the convenience and feasibility of this approach.
Physical ownership has its advantages, among them being granting you complete control over purchased precious metals without the government, broker, or middlemen that might interfere with the cost and value of your hard-earned money.
Moreover, for security, all deliveries are fully insured and require signatures. Monetary Gold offers private deliveries for $30. Generally, Monetary Gold is committed to ensuring its customers get correct deliveries and on time.
Available options include UPS, USPS, or FedEx for shipping for customers not using an IRA but wish to have deliveries done.
Monetary Gold Fees
Clients pay $100 yearly to insure and store approximately $100,000 of gold with monetary Gold. Accounts exceeding $100,000 pay an additional $1 for every extra $1,000 of gold. Therefore, the annual fee for customers with $150,000 would be $150.
This competitive pricing model explains why most investors rarely complain about Monetary Gold fees. Delaware also has investor-friendly tax policies, whereby it doesn't allow clients to pay any state inventory tax, property tax, or state sales tax.
Delaware Depositor Storage
Secure storage is a concern for any customer, regardless of the quality or quantity of the item. Monetary Gold offers you an insured depository for gold IRA for an affordable annual fee.
Delaware Depository Storage operates the facility, ensuring the quality of all stored precious metals. Aside from that, one of the most successful and well-known financial institutions in the United Kingdom, Lloyds of London, insures the storage company.
With 24/7/365 monitoring and state-of-the-art security systems, you can rest assured that all your precious metals are safe and protected from any harm or eventuality. With this fact, the reliability of Monetary Gold soars even higher.
Private Storage IRA
The option of private storage of your precious stones is available, but the company does not recommend it for several reasons. Currently, private storage of RA silver, gold, and platinum is a legal gray area.
This is because the IRS has neither disapproved of it nor approved it. Currently, the IRS allows it, but regulators could amend the approval at any time, making things significantly challenging for those with private storage.
If you find yourself in this situation, you may be pushed to liquidate your metals or be forced to transport all of them to approved storage. This is all just speculation, of course, but the point is that there is no certainty about whether the rule will ever change.
Generally, you cannot hold Monetary Gold accountable for your decisions to store your metals. For this reason, the company does not advertise or recommend private storage to its customers.
Regardless, you should consult your attorney or tax advisory before taking the private storage option. Still, it is available to those that are inclined to use it. If this is the case, you can take your precious metals for a $30 flat rate fee and store them well.
Also, the company is currently providing complimentary free shipping to all new customers, enabling them to avoid shipping costs on their first transaction.
Therefore, despite the risks associated with private storage, it offers one of the biggest benefits: offering customers direct control of their assets.
Monetary Gold hosts free workshops monthly for its investors, potential customers, and anyone else wishing to attend. It is a valuable platform to learn precious metal investments' ropes and rules and how the company operates.
If you're still uncertain about IRAs and Monetary Gold, attending one of the workshops will help you know how to introduce yourself to precious metal investment. During the webinar, the staff addresses various topics like central bank policies and inflation.
For those hearing about Monetary Gold and precious metal investments for the first time, such forums enable them to ask questions, learn about financial planning, and visit the company's blog and website.
The website contains frequently asked questions, their answers, and videos from experts in the field who address matters like the impact of inflation on precious metals. The videos also explain how to add silver and gold into retirement accounts.
Pros & Cons of Monetary Gold
Precious metal investors stand to gain much from working with Monetary Gold. However, no service or company is perfect. The following are the benefits and limitations of using Monetary Gold IRAs.
Is Monetary Gold Legit?
When it comes to the trustworthiness and credibility of Monetary Gold, customers seem to be happy and content with the packages and services they get. Still, for a new customer, a question like whether the company is legit will likely be present.
One factor that eliminates any concerns of it being legit is that Monetary Gold has a solid reputation and has been in business since 2000. Besides, The company is registered with the ever-reliable and trusted Better Business Bureau.
Moreover, Monetary Gold has an A+ rating and a five-star review online. Both are significant indications of their trustworthiness and reliability. Another major confirmation of its trustworthiness is the minimal number of complaints of ripoffs.
The lack of ripoff complaints points to a long-term business with high morals, accountability, and a solid reputation in the ever-competitive precious metal industry. Finally, customers love that the company provides convenient off-market investments.
Continually, the company's staff are always ready to offer information and answer client questions. This further proves that the company is open with the public regarding its products, services, and activities.
Monetary Gold is the perfect destination for those wishing to invest in precious metals. Not only does it offer some of the best precious metal prices, but its gold IRA onboarding process is also painless and quick.
In addition to that, clients enjoy perks like free workshops with the Monetary Gold staff. You also enjoy free shipping, knowing that your investment will get to you in time and in perfect quality.
Besides, the staff will help you secure safe and convenient storage at Delaware Depository at the best rate. Many precious metal firms offer storage at the facility, but Monetary Gold beats them in terms of offering the lowest rate.
In addition, the staff will show you how to avoid potential tax penalties. All factors considered, Monetary Gold stands tall in offering the best option for potential and current precious metals investors.
Generally, if you're thinking of getting into a gold IRA, consider giving Monetary Gold a chance. It is a quality company with a highly knowledgeable team, affordable services, and competitive pricing.
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