What is monetary Gold? How do they operate? Do they have a good reputation? What sets them apart from other gold IRA companies? Is it one that you can rely on to fulfill your financial objectives. This and more questions we will try to help you to answer in this short review!
Name of company: Monetary Gold
Official Website URL: https://monetarygold.com/
Overall rating: (4 / 5)
Recommended: Depends on your preferences
Table of content
In today’s review, we shall be looking at Monetary Gold, with the aim of answering the above questions:
- What is Monetary Gold?
- How does Monetary Gold Work?
- What sets apart Monetary Gold from other companies?
- Recommendation about this company
- The precious metals offered by Monetary Gold
- Fees and Charges to expect with this company
- Pros and Cons
- Final words
What is Monetary Gold?
Monetary Gold is a form that saw the light of day in 2000. The founders of this company had the objective of establishing processes through which they would assist their customers to ensure that their lifestyle was not compromised even in the event of an economic crisis. This would be achieved by helping the clients invest in specific precious metals. The company, therefore, took to assisting its customers to purchase precious metals and to see to it that they were delivered to certain locations where they could pick them up.
The customers were also given the option to purchase the precious metals and to roll them over into their IRA or 401(k) so that they could set themselves up for a life of monetary success by getting all benefits of a Gold IRA. Monetary Gold’s resolve in today’s world remains unchanged, and anyone looking for ways to reap from having a Gold IRA can rely on them.
Effectively speaking, Monetary Gold has been doing a great job at helping its clients set up a diversified investment portfolio, that can cover them from incurring massive losses when there are shake-ups in the global economy. The portfolio that you create by working with Monetary Gold enhances the overall increment of your net worth during the friendly economic times.
The main belief that propelled the owners of Monetary Gold to take a bold step to create this firm is that every person deserves to have some gold, given that it is the most stable asset even during the ugliest economic scenes. They also believe that no one should have to pay an arm and a leg to acquire gold for the purpose of investment. Investors and collectors from all walks can as such rely on Monetary Gold to access a wide collection of precious metal products.
Monetary Gold address
MONETARY GOLD, IRA Services & Sales
21800 Oxnard St. Suite 1120
Woodland Hills, CA 91367
Toll Free Number: (888) 411-GOLD(4653)
Local Number: (818 462-8050
Sales Dept: (818) 462-8051
IRA Dept: (818) 462-8052
Fax number: (818) 462-8053 Email: firstname.lastname@example.org
How does Monetary Gold Work?
Monetary Gold has curated operational and workflow processes that make it easy for both regular and new customers to gain access to the listed services and products. If, for instance, you want to begin investing in precious metals today, here is how you can get started with Monetary Gold right away:
Reach out to a precious metal specialist
Monetary Gold has well-trained specialists whose role is to guide all the new clients on the ways through which they can go about the application process aimed at helping them create a new investment account. The entire account opening process takes about 2 to 3 days right from the day one begins the application process.
Filling out the Gold IRA forms
The second step is solely about the completion of the registration by filling in the Gold IRA forms, after which you can begin making contributions to the account. You can either transfer money from an already existing IRA, or from a 401(k).
Accessing/acquiring the precious metals
Upon making your contribution to the Gold IRA, the Monetary Gold IRA specialists will reach out to you, so they can assist you to complete the first purchase order. This process entails selecting the precious metals that you would like to have in your investment portfolio, then agreeing to the terms of the transfer of the purchased metals to your depository of choice.
I always recommend doing your own research and to compare different companies against each other, a good way of doing so is to take advantage of the free guides the top companies usually offer: some companies stand out more than others though, so you might want to start with those
What sets apart Monetary Gold from other companies?
Monetary Gold is definitely a household name in the Gold IRA sector. There a couple of factors that make this company stand out from their competitors. The main ones include:
Unlike some of the recently formed companies that you will come across a few blocks away from where you live, Monetary Gold has managed to bring together staff members who have an accumulated experience of more than 50 years. When dealing with precious metals such as gold, you need to have access to people who totally understand the precious metals investment landscape.
This company usually helps its clients to protect their purchasing power of their wealth, regardless of the political upheavals.
A large collection of precious metals
This company takes pride in being capable to deliver a collection of precious metal ranging from Gold to silver, platinum, semi-numismatic coins, as well as foreign coins.
Monetary Gold usually offers free workshops that investors can register to be a part of. You can register at any time to get the knowledge that you need to be in possession of to start investing in precious metals, and to consult with any of their trusted advisors.
Most other companies usually have a shipping process that sees even the new clients pay shipping fees to have their precious metals shipped to them. Monetary Gold sets itself apart by seeing to it that new clients do not pay shipping fees. This is quite a significant offer, more so for clients who are making voluminous surfaces.
The precious metals offered by Monetary Gold
This company offers its precious metals in the form of Bullion, Semi-numismatics, and certified and graded coins. They come in the form of gold, silver, platinum and palladium. The amount of money that you can end up paying for each product is based on:
- The condition it is offered in
- Its rarity
- The grading
- Other economic factors
Precious metal bullion
- You can access bars as well as recently minted government coins
- The prices here are determined by the mint as well as the open market demand.
- Most of the transactions in this category are usually reported on IRS 1099.
- These are products that are partially numismatic and partially bullion
- They are best for the capitalization of the bull precious metal markets.
- They are resistant to downward trends since they are not usually minted in the present-day world.
- These are usually best for coin collectors.
- They have high collector premiums and are mostly valued above the spot price.
- They have historically been found to perform better than bullion during the bear markets.
Fees and Charges to expect with this company
There are no fixed fees for placing orders on Monetary Gold. This essentially means that the total costs that you incur will end up varying from time to time owing to the fluctuation of the price of precious metals. Monetary Gold usually offers to pay for up to 5 years of the custodial fees that qualified customers should pay.
The other fees to expect when working with this company include:
- Delivery fee – You will have to part with $30 to access your physical precious metals.
- Annual storage fee- You will have to pay a fee of $100 for the storage of precious metals at the Delaware depository for all amounts up to $100,000. You will then have to part with $1 for any additional value of the gold you purchase.
- Note that the minimum investment allowed is $5000 to $10000, with the exact figure depending on the IRA custodian.
Is Monetary Gold a Scam or Legit & Genuine?
So, is Monetary Gold a scam? No, of course not. It is alegit company with real owners and a real physical address. In my opinion, I think it is a genuine company that is worth to consider, they offer a lot of free educational material in the form of free guides on different subjects, and also informative videos that can be found on their resources menu on the video & media tab.
It for instance has an A+ rating on the BBB (Better Business Bureau). On TrustLink, this company has a rating of (5/5) stars. These are the highest levels of customer service ratings, and this shows that Monetary Gold is not only genuine but is also quite professional in its approach to service provision.
Monetary Gold Reviews & Ratings
Something you always want to see when researching the quality of a company in this industry, is what the most well-known and trusted 3rd party consumer protection agencies have to say about the particular company you are looking into. As always in our reviews we present the results from the online watchdogs:
Rating: (5 / 5) (out of 11 reviews) click here for details (opens in new window)
Rating: (5 / 5) (out 0f 7 reviews) click here for details (opens in new window)
Pros and Cons
It is always wise (and recommended) to compare the positives against the negatives to get a better overall view on something, right? As always in our reviews we provide you with some clear points on both sides of the spectrum:
- Deals directly with mints
- Wide collection of precious metal products
- Many different FREE guides to choose and take advantage of
- Great ratings from the most well-known & trusted 3rd party consumer protection agencies
- 20+ years in the business
- You have to consult their fees since they are not listed online.
- Not many reviews to be found on them
Final words and verdict:
Overall rating : (4 / 5)
Monetary Gold is, in my opinion, achieving its set objectives in the market, by delivering valuable services very professionally. It is a legit business, and not only that, it is also a very good alternative that you might want to consider. I think it is one that I would not have an issue recommending to you. That said, however, I always recommend that you compare different top companies against each other before you make any decisions. below you can compare Monetary against the other top contenders on our top-5 list:
That is all about what Monetary Gold is about. Have you experienced the nature of its services already? Do you have any questions about it? Feel free to share all of that in the comments section below as I would be more than happy to answer them.
I wish you success!
Investor and team member of Gold Retired