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Monetary Gold is a precious metal firm that offers various services related to investing in gold and other precious metals.
The company has a wide range of products and services that can be customized to meet the needs of its clients.
Some of the services offered by the company include storage, consultation, and even education on the benefits of investing in precious metals.
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Monetary Gold is a good option for investing in gold or other precious metals. The company has a wide range of products and services that can be tailored to meet the needs of each client.
One thing that sets Monetary Gold apart from other firms is its focus on customer service. The company has a team of experts who can provide consultation and guidance to clients looking to invest in gold.
In addition, the company offers a wide range of educational materials that can help people learn more about the benefits of investing in precious metals.
Monetary Gold also provides safety deposit boxes for storing gold, silver, platinum, or other precious metals. These can come in handy if someone is looking for a more secure location to store their investment.
Benefits of Monetary Gold IRA
A Monetary Gold IRA can be an excellent investment for those looking to save for retirement.
One of the most significant benefits of a Monetary Gold IRA is that it can help ease the tax burden on an individual's investment by making withdrawals from the account tax-free.
Another advantage of an IRA with Monetary Gold is that customers can take advantage of price fluctuations in the gold market without worrying about carrying that investment until retirement.
A disadvantage, however, is that some people may not be eligible for this type of account if they don't have any IRA-eligible retirement plans. Nonetheless, a Monetary Gold IRA is a solid option for those looking to invest in gold.
Overall, Monetary Gold is a good option for people looking to invest in gold or other precious metals. Customers note that the company offers competitive prices for buying gold bullion or other types of precious metal investments.
Is Monetary Gold A Legit Company?
When it comes to the trustworthiness of Monetary Gold as a business, customers seem to be happy with the services that they have received. The company has been in business for many years and has a solid reputation.
In addition, Monetary Gold is registered with the Better Business Bureau and has an A+ rating. This is a good indication that the company is reliable and trustworthy.
Another reason why Monetary Gold seems above-board is that there are few complaints on ripoffs by their customers. This points to a long-term business with a solid reputation in this industry.
Finally, many people love that Monetary Gold can offer off-market investment opportunities.
This is due to fluctuations in price without any financial risk - exposing clients only to the potential profit of changes in the price of precious metal rather than the price of gold or any other precious metal.
Monetary Gold Products and Services
Monetary Gold offers a variety of products and services to its customers. These include, but are not limited to:
All of the products offered by Monetary Gold are backed by physical gold or silver. This means that you can be assured that you get the real deal when you invest in their products.
Additionally, all of their products come with a satisfaction guarantee, so you can be sure that you're making a wise investment.
Customer Service
Monetary Gold takes pride in offering top-notch customer service. Their staff is knowledgeable and friendly, and they are always happy to answer any questions you may have about their products or services.
They also offer a 100% satisfaction guarantee on all of their products, so you can be sure that you're making a wise investment.
Pricing
One of the great things about Monetary Gold is that they offer affordable pricing on all their products. You can be sure to get a good deal when investing in gold or silver through this company.
Additionally, they frequently run promotions and discounts so that you can save even more money on your purchase.
Monetary Gold Staff
The Monetary Gold staff has many years of industry experience and is small enough to work one-on-one with customers. They also offer free consultations and quote prices before actually purchasing any bullion.
The entire team at Monetary Gold is dedicated to quality customer service and ensuring that each customer can find the perfect bullion product for their needs.
The company has several physical locations where it does business and has an online presence. Monetary Gold is open for business from Monday to Friday, 9 am to 5 pm EST.
It is possible to set up an account on the Monetary Gold website and buy metals online through it. In general, you can get a better price by buying from a physical location of Monetary Gold.
To do that, though, you have to go to one of their facilities in person. You will need a valid photo ID for this so they can verify your identity and complete a Background Check Request form before you can enter a facility.
If you want to sell metal back to them, then the best way is again through a physical location where they will assess whether your metal is in good condition or not. You will receive a quote based on the current spot price at that moment.
Direct Buyer Pricing
Monetary Gold is a precious metal company that offers direct buyer pricing, which means they buy your metals without any middleman. This allows them to provide the lowest prices in the market since there's no markup on their end.
If you're looking for a place to sell your precious metals, this should be one of your top considerations!
Process of Purchasing Precious Metals
You can purchase from Monetary Gold online or through their call center. They offer gold, silver, platinum, and palladium bullion coins guaranteed by a major international bank.
Purchasing precious metals from Monetary Gold includes three steps - order placement, verification of funds, and shipping.
Once you have placed your order with Monetary Gold, they will verify your payment information before packing up your product to ship it out to you.
You can place different orders with Monetary Gold, including single items, multiple items, and bulk orders, depending on what kind of customer you are looking to be.
All products from Monetary Gold come with a Certificate of Authenticity, which guarantees the weight and purity of the metals you have purchased.
Home Delivery
Monetary Gold offers home delivery. Monetary Gold will store your gold in a vault, and you can pick it up anytime. There are three options for storing gold with Monetary Gold - they offer their vaults, self-storage facilities, or storage at the bank.
There is no fee to store gold with any of these options, but there's a withdrawal fee if you choose to withdraw from your account.
If you want to get your gold, it must get delivered to an IRA account. It is essential, and it must be done right. For home deliveries, signatures are required, and it is fully insured.
Online Workshops
Monetary Gold is a precious metal firm that offers free online workshops every month for its clients and anyone else who would want to attend. The company provides free training for people interested in purchasing gold or silver.
Monetary Gold also has a blog with articles on investing and financial planning.
The company's website offers a variety of resources to help customers make the best decisions possible when it comes to buying gold or silver, from FAQs about their products to information about how they can invest in bullion coins and bars.
In addition, the site includes videos from experts in the field who offer advice on topics such as ways to add gold and silver into retirement accounts or how inflation affects investments in these metals.
Gold IRAs
A gold IRA is an account where you are allowed to invest in gold and other precious metals. It is a way to save money for your future and make it grow by investing in other things like stocks or bonds.
The gold that you own stays with the company, and they take care of everything, including storing your gold while taking a small fee.
Gold IRA accounts are a great way to diversify your retirement portfolio. Monetary Gold is an average company for creating gold IRAs because they offer competitive pricing and high-quality service.
To open up your account, you will need to fill out an application form with some personal details about yourself. You may also need to provide documentation of income or assets if the firm requires it.
Once approved, you can choose how much gold you want in your account. After that, you'll be able to buy and sell as much as you like with no fees attached! Your investment is backed by real gold. You can therefore feel secure in your decision.
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 comfortable retirement.
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 easy to do with a Gold IRA.
Investment Minimums
Monetary Gold's investment minimums range from about $5000 to $10000, depending on the IRA custodian you get to pick.
Monetary Gold is an ok company to invest with because the risk of losing money is low, returns on investments are high, and they have competitive rates.
Investing in gold can be an excellent way to diversify your portfolio as it does not correlate with other assets as stocks or bonds do.
For investors who want long-term growth potential on their investments without any short-term losses, gold might be the better option.
If you want to invest for long and short-term periods, it might be worth investing in gold because its value is relatively stable.
There are other precious metals IRAs that investors can open. These include silver, platinum, and palladium. These metals are all precious and also tend to hold their value.
These metals can be stored in an IRA, and Monetary Gold can help you set up with whichever one you choose.
Storage Fees
Monetary Gold offers a variety of storage and insurance fees depending on the value of your gold. The annual storage and insurance fees begin at $100 for gold assets worth up to $100,000.
If your IRA account holds more than $100,000 worth of assets, you will pay an additional $1 for every $1000 worth of assets above $100,000. These are very competitive prices offered by Monetary Gold which attracts many customers to invest.
Assets stored by Monetary Gold are entirely safe and protected as Monetary Gold has a state-of-the-art security system.
IRA Costs
You can open an IRA with Monetary Gold for free or at a fee. Depending on the IRA custodian you choose, there is a minimum investment ranging from $5000 to $10000. There are no fees associated with the transfer-out of funds upon closing your account.
To avoid the early withdrawal tax penalties, buy your gold with Monetary Gold. That way, you can't sell it until the time has passed.
Storing your precious metals through Monetary Gold's Delaware Depository program charges very competitive and affordable fees. Monetary Gold charges an annual fee of $100 for up to $100,000 worth of precious metal assets.
This fee covers both secure storage and insurance. You get to pay a minimal markup on purchases you make on precious metals through Monetary Gold.
This is due to their direct dealer status, whereby they buy their precious metals directly from sellers and do not involve any middlemen.
Pros
Cons
Real Customer Reviews
"My wife put in a certain amount of money on Monetary Gold, but then that was not what she ended up with in the amount of gold and silver that she purchased. It was almost cut in half and she was really very upset about the whole deal.
I purchased from them as well and my experience with their reps was pretty fuzzy. There were some things that could have been divulged a little bit more fee-wise and that might have affected the way we conducted business with Monetary Gold.
Also, when we were looking on their website, we couldn't find the gold products that we bought at all which made us think that maybe these things weren't real."
- Salvadore of Las Vegas, NV on Consumer Affairs
"I recently rolled over a portion of my 401K to Monetary Gold to invest in precious metals. Both Jonathan Devereaux and Andrea Powers were very thorough in providing information and recommendations suited to my situation. Both took the time and answered my questions and I never felt pressured. The customer service is exemplary."
- Karen V on BBB
"I contacted Monetary Gold Group to ask about the benefits of investing in precious metals. The agent was very informative, knowledgeable and extremely patient with all my questions! what I enjoyed the most was that I didn't feel the pressure to invest all my hardworking savings there and then."
- Alexandra V. on TrustLink
Pros and Cons of Monetary Gold
Pros
Cons
Is Monetary Gold Right for You?
Monetary Gold is a good fit for you if:
Conclusion
Overall, Monetary Gold is an ok company to work with if you're interested in precious metals, but on this website we recommend other companies that do a much better job for their customers
They offer a wide range of products and services, have a knowledgeable and experienced team, and have an excellent reputation for customer service.
They also offer competitive rates and prices.
Monetary Gold is a satisfactory company, but we do not recommend them. They aren't a scam, but they are not the best choice for gold investments and certainly not IRA's, like other companies we have written about on this website.
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 IRA Companies. <<
Or, if you like what you have read about Monetary Gold, you can go to their website below:
I started BMOGAM Viewpoints as a way to compile all my views on investing in one place. I own my home, have some real estate, and own a few stocks like most people, but what really drives my interest in investing is I have a strong love of precious metals, especially gold.
