Hello and welcome to another review at Gold Retired! Today we’ll be investigating another IRA custodian: Midas Gold Group. So what is Midas Gold Group? What are the products and services they offer? What´s the IRAs offered and the IRA fees? Can you sell back to this company? How does it compare to our top recommended companies? Without further ado, let’s get started!
Company: Midas Gold Group LLC
Owner: N/A ( Not a good sign )
Who is it for: People looking to invest in precious metals.
Overall rating: (3 / 5) Not recommended
Important to mention before we go into more details of this review:
We always strongly recommend doing your research online before you choose a company to invest with. There are so many reviews online of clients being ripped off and scammed. The most common way people are getting scammed is through so-called “hidden-fees” so please investigate thoroughly before you make your decision.
With that being said, let´s continue with the review on Midas Gold Group!
What is Midas Gold Group?
Based in Phoenix Arizona and founded in 2010 Midas Gold Group is a second-generation precious metals dealer. There is no information about who runs or owns this company. All I could gather is that Mr. Kenneth Russo Jr is a senior vice-president at Midas Gold Group. It’s also worth noting that this company is a member of the Professional Numismatist Guild (PNG).
Here’s a screenshot of the physical address of the company:
Now let’s discover exactly what Midas Gold Group has to offer!
What are the products and services offered?
Midas Gold Group offers precious metals to seasoned investors, coin collectors, and even first-time buyers. It has a wide range of products to choose from that include silver, gold, palladium, platinum and rhodium coins and bars.
Here’s a screenshot of the gold products they offer:
You can easily find the IRAs Midas Gold Group offers on their homepage, here they are!
**Want to see what IRA solution I would recommend? Click here
Midas Gold Group work with different custodians and offer their users a comparative chart that includes the fees of the different custodians they work with.
Click here to check it out (opens in new window)
I would personally prefer to work with a company that is an IRA custodian that also offers precious metals.
This way, everything will be simpler and you can avoid the hassle of working with two different companies.
==> Want to take a look at our #1 recommended IRA solution instead? (waives your fees completely up to 3 years)
Can you store with the company?
Yes, you can store with Midas Gold Group!
You can make the choice between:
- Storing precious metals in your home
- Storing gold in a secret location outside of your home
- Storing precious metals at your local bank or credit union
- Storing gold at a private depository
Here’s an excerpt from their website explaining this more:
We help you select your insured depository of choice for the secure storage of your gold. The most popular choices are the Delaware Depository and US Brink’s facilities. You may even qualify to store your physical IRA Gold in Canada or overseas.
Can you sell back to the company?
There is a whole page dedicated to selling back to Midas Gold Group!
In order to do that you must agree to the terms of this company, deliver your gold and finally get paid.
It’s important to know that not all precious metals are eligible to be bought by this company.
Here’s a screenshot of the products this company buys:
Can you get the precious metals delivered home?
Since this company is also a precious metals dealer you can definitely get the metals delivered home.
It ships to all American States, I looked through their website for shipping fees but didn’t find any.
The website also doesn’t include information about the countries Midas Gold Group allows.
What about online ratings and reviews?
It’s always important that you check out the online reviews and ratings of any company before choosing to work with them. As always, gold retired saves you the effort of going through the top review sites. Here’s what they have to say about Midas Gold Group
Rating: A+ ( Just one customer review though ) Click here for more details ( opens in new window )
Besides on review on the BBB website, there are basically no reviews about this company on all the top review sites.
Do you Own or Represent Midas Gold Group?
If you are a representative, or associate of Midas Gold Group and have found something not to be correct in this review please, feel free to tell and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or else you got the e-mail on the about page.
Final Words and Verdict
Verdict: Legit (but NOT recommended)
Overall rating: (3 / 5)
Okay, I think this sums up everything about Midas Gold Group. They have a decent looking website with a lot of useful information. But, they don’t have many reviews and the fact that they don’t offer IRAs directly makes them fall behind compared to better competitors.
What IRA company do we recommend?
You made a wise decision to read this review and you are a smart person. I am absolutely sure that you will find the right company that suits your particular needs the best. I would advise you to compare different alternatives against each other before you make a decision. Below you got my absolute #1 recommended IRA custodian:
That’s it for this review! I hope you found it useful and now you know what Midas Gold Group is. If you have any questions or remarks, please feel free to share them! I’ll be more than glad to answer.
See you next time!
Owner of: Gold retired.