GMRgold Review

GMRgold Review

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GMRgold is a company that has its headquarters in Texas. They are located in Woodlands, TX to be precise. The company is a current member of the NGC Collectors Society and numerous other associations.

These include NCS, PMG, ICTA, PGCS, and CCE. Any user that goes to their website can purchase, sell, or trade precious metals. Every single item is thoroughly inspected to ensure the accuracy of its condition, weight, and purity.

The BBB does not have a rating on them currently. However, they do have some positive feedback and testimonials online.

Before we get started with this review:

We understand how difficult it is to pick a company that you can trust with your hard earned savings.  That's why we create informative and useful information to give you as much knowledge as possible to make the right decision.

We created a list of our highest recommended investment companies, to make comparing and choosing the company best suited to your needs as easy as possible.

Look to see if GMRgold was selected to our "highest recommendation" list this year!

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Reasons to Invest with GMRgold


gmrgold homepage
  • Extensive Expertise

One of the main things that you need to look for would be expertise. GMRgold has over a couple of decades of experience working and operating in the precious metals industry.

This has given the company a lot of knowledge along with very strong partnerships with some of the most prestigious organizations in the industry. They are currently a reputable and authorized dealer with Numismatic Guaranty Company.

They are also the same as the Professional Coin Grading Service. This allows them to effectively and accurately offer impartial evaluations of grades and authenticity. They also claim that they are the biggest IRA and 401k administrator in the entire country.

They offer to secure their various client's retirement investments through a strategic partnership with the company.

  • Personalized Investing

The company boasts a team of professionals working within the organization that takes on customers' feedback to ensure they are guiding them with their investment goals.

They offer completely free appraisals so every client knows what they are getting into and what their current portfolio is worth.

It doesn't matter if a customer wants help with a single transaction or they want bullion subscription services, they are going to guide the client through the process along the way and tailor an investment strategy that works.

  • Customer Service

The company GMRgold wants to build strong relationships with every client through better transparency.

Because of this, they offer both in-person and phone support. This means you can get customer service in various ways and you'll always have someone there to answer questions or to help.

They also have disclosures about the fees associated with the service. You can bank on them being there for you as they aren't a faceless corporation. This means they are trusted and reputable and well respected.

GMRgold Precious Metals IRA


An IRA with precious metals is going to be an individual retirement account that is specially designed to hold various eligible metals. It's designed to hold precious metals which you cannot do with a traditional IRA.

Therefore, you're going to want to ensure you are opening the right account if you do intend to buy and hold precious metals in your retirement account. 

You cannot typically invest in collectibles with your IRA. This ends up stopping those from holding stamps, coins, arts, and other things in their traditional accounts. The IRS does make a few exceptions when it comes to bullion and specific coins.

The coins and bullions need to have:

  • 99.5% purity for gold
  • 99.9% purity for silver
  • 99.95% purity for platinum
  • 99.95% purity for palladium

The IRS does allow for coins including the US Mint's very own American Eagle Program as well as some of the coins from Canada that include Maple Leafs. You can also store Australian Koala bullion from Australia in your precious metals IRA.

If the coin has been effectively graded by a governing organization like the NGC or the PCGS, the IRS will not allow it to be stored in an IRA account. 

If you open up a precious metals IRA account, it's going to work the same way as a traditional IRA. However, it will allow you to better diversify your portfolio, unlike your traditional IRA.

While you can store various sorts of paper assets including bonds, money, and stocks, you cannot store physical assets. With a precious metals IRA, you can store tangible assets that are limited in supply.

However, don't assume that these IRA's physically hold the gold. You will only get that from the depositary facility that your IRA is attached to. Likewise, any precious metal IRAs have much more strict rules than what you would find with other accounts.

The government doesn't want it to be a grey area where you can skirt paying taxes.

Why Put Gold in Your IRA?


Individual Retirement Accounts (IRA) protect your retirement as well as your family's financial security.

These special accounts allow you to set aside tax protected savings that you can use in the future.   

With these long term accounts it's important to allocate a significant portion to assets that are solid and reliable, so you have a secure and worry-free retirement. 

a couple listening to a financial advisor

You can have cash in an IRA, but that is devaluing at a rapid pace and inflation is out of control

You need an asset that's dependable, retains it's value, and even increases in value over time, and there is no better asset for this than gold. 

With the world's economy struggling through lockdowns, shortages, wars, and inflation, uncertainty has never been higher and investors are protecting themselves by placing physical gold in IRA's. 

A gold IRA investment prospers from these crisis that negatively affect most other assets. 

Risk is knowing the economic dangers and doing nothing to protect yourself and your family. 

Safety is knowing the economic dangers and taking action to protect your financial future, and this is easy to do with a gold IRA.

What's a Self-Directed IRA?


A self-directed IRA is similar to a traditional IRA. The biggest difference comes with what you can put into it. An investor can choose between two distinct IRAs.

  • Traditional

A traditional IRA allows you to invest cash before taxes are taken out. This means that you can avoid paying any taxes on the contributions that you make. This allows you to increase your account while deferring taxes.

Once you are ready to withdraw the money, that's when you pay tax on them at income rates deemed ordinary.

  • Roth

A Roth gold IRA is a retirement account that gives you the ability to invest cash post-tax. Thus, you will end up paying taxes on that income before placing it into the account.

This allows you to grow your accounts without having to worry about paying taxes when you take them out. This can be advantageous for younger people who will typically increase their income as they get older. 

Each of these IRAs will cap you at $6,000 per year as of 2022. Therefore, there are no differences on that front to consider.

401K to Gold IRA Rollover


You can always look to rollover your 401k to gold IRA.  You do have to leave the current company that your IRA account is associated with. You will tend to get to roll over the account into one that is self-directed.

When you complete a gold rollover, it means that you are moving your existing account to one that is self-directed.

gold savings going up

The difference is that you are rolling it into an eligible account for precious metal investing. 

These types of gold IRA rollovers are gaining a lot in popularity because it allows you to diversify. With the rollover, you get to put some of your money into alternative investments that are separate from your traditional ones.

This can help you add precious metals to your retirement account which can help you diversify. You could choose to roll over your entire fund or just some of it.

GMRgold's Products


gold coin

They have an expansive catalog of different products. These products include but aren't limited to silver and gold IRA-eligible coins. It also includes different collectibles, bars, rounds, and more.

Some of the examples of approved coins include the Gold American Eagle, Canadian Maple Leaf, and many more.

For anyone interested in either platinum or palladium is going to have to look at other options. You won't find them available with GMRgold. When it comes to pricing, you need to call in for the most accurate pricing.

Pre-Built Precious Metals Portfolios


GMRgold has done a respectable job of putting together 8 different pre-assembled precious metals portfolios for their clients.

These portfolios have been specially designed and tailored based on customer feedback especially when it comes to their risk management and optimized diversification. They do this using their decades of experience.

GMRgold ends up utilizing its most popular and in-demand products to help eliminate the need for guessing about what to purchase when it comes to precious metals.

They have pre-assembled portfolios that are tailored for any experience level whether it be complete beginners or experts. The majority of the more experienced investors will use them to add or subtract from their holdings based on the dynamics of the market.

The pre-assembled portfolios utilize three distinct principles:

1. They have included some of the most popular bullion products. The products they have included are some of the most liquid which is important. It means clients will have no problems selling when they want to get rid of it. 

Without liquidity, you have price drops. You want to be able to sell it for a fair price when you are ready.

2. The experts have included items that have a low spread on the bid and ask. This is important because you don't want a product that has too wide of spreads or else you will find that you are losing money because of it. The spread is ultimately the difference you pay to purchase and sell the metals. The lower the spread, the more money you keep in your pocket.

3. The pre-assembled portfolios have some of the smaller precious metal products that are much better suited for trade and bartering when currency issues abound.

GMRgold Shipping Options


For any order that exceeds $75, a customer can qualify for free shipping. If you want to add a lot of gold or other metals to your investments, you could exceed this very easily.

Some of the gold coins that you will find available are going to cost $1,000 by themselves. You will find the current price of gold and other precious metals at the bottom of the screen on the website.

You will be able to see whether or not the value has gone up that day. This can give you a better idea of whether or not you are getting a good price relative to the market and the current conditions.

Minimum Order Total


There's no specific minimum order when you are dealing with GMRgold. If you do place an order that is less than $75, you would just need to pay a flat-rate $9.95 shipping charge.

For any orders placed internationally, you will need to pay a minimum of $250 for your order with a credit card. If you are doing it through a bank wire, that amount goes up to $1,500.

Reasons to Invest in Gold


There is a lot to like about investing in gold. With its current rising trend, there is a clear reason to go for it. Gold makes for a very good long-term investment. However, it's looking good over the short term too.

The beauty of investing in gold is that it's an in-demand precious metal that has a limited/finite supply. 

man looking at a clipboard

It's a great way to hedge against an unstable economy and inflation. 

If you invest in an ounce of gold today, it's still going to purchase the same value as it did 100 years prior. The same cannot be said for paper assets. The best thing you could do is purchase tangible gold whether it be in coins or bars.

You can get these from reputable sellers online.

These items can be purchased and stored. For instance, basic gold bars can be bought and while they aren't nearly as popular as coins, they are still a good form of bullion for collectors.

When the economy goes down the drain like what's happening right now, you see many investors flocking to gold and other precious metals because they are safer. The value fluctuates a lot less. 

Gold coins make for a good store of value because they are easy to hide, easy to store, and relatively easy to transport. Best of all, they are tax-free.

Is GMRGold a Scam?


As mentioned, the company is legitimate and has a stellar reputation online. There are no major red flags with them. Around 90% of the customers that have reviewed them speak highly of them.

Conclusion

You can tell GMRgold is a reputable company that has a good track record. They are well respected in the precious metals industry. 

If you want to invest in precious metals and you want a company that has a solid track record and excellent services, there are not many better options available.

You can start your self-directed IRA with them. It's always a good idea to shop around to ensure you are working with a company that you can trust and rely on.

GMRgold is an acceptable company, but we do not recommend them.  

They are not the best option for individual purchases of gold and definitely not the best option for investors that want to protect their savings with a precious metals IRA.

When investing in gold, you only want to work with the best, most trustworthy companies, like the ones that have made our "highest recommendation" list.

You can get a Free Gold Investors Guide from our top gold and precious metals company recommendation by clicking the link above or you can read our article of the top companies we reviewed this year:

>> CLICK HERE to read our list of the top gold investing companies. <<

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