Today we shall be answering the question ‘what is monetarygold.com?”. Is it one that can give you the best offers? Can you rely on it to move to the next level of money-making? By answering these questions, I believe that I will have helped you to determine whether Monetary Gold is one for you or not. Here are some of the items we shall address throughout the review:
- What is Monetary Gold?
- How does Monetary Gold work?
- Which type of precious metal products does Monetary Gold offer?
- Does this company offer Gold and Silver IRAs?
- Is Monetary Gold Genuine?
- Pros and Cons?
Name of the company: Monetary Gold
Official Website URL: http://monetarygold.com/
Overall Rating: (4 / 5)
Recommended: Yes. You might want to have a look at the top 5 and most secure Gold IRA platforms before deciding.
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What is monetarygold.com?
Monetary Gold is a company that was founded back in 2000, with the objective of helping its clients to protect and to preserve their lifestyle through investing for the future with certain precious metals. As a client working with Monetary Gold, you can purchase precious metals and have them delivered to a location of your choice or you can simply roll over the metals to your IRA or 401(k)m so that you can start reaping from a Precious Metal IRA.
Monetary Gold’s objective has long been to assist Americans to attain a truly diversified investment portfolio that can shield them from the tough economic times, and hasten their growth during the very tough economic times. The owners of this company believe that everyone should own some gold, more so in the constantly changing economy. No one should however have to pay huge commissions according to them. Monetary Gold is all about serving investors and collectors, through offering them a wide range of affordable precious metal products.
How does Monetary Gold work?
Monetary Gold makes it quite easy for any client to access its services. Let us say you want to get started with precious metal investments, you would be required to follow the steps outlined below:
Contact a precious metal specialist at Monetary Gold
This company has highly specialized precious metal specialists who are capable of guiding new clients through a simple account application process. It takes roughly 2 -3 days to get your account open after the processing of the application commences.
You then receive and complete the Gold IRA forms
Once you have completed filling in the Gold IRA forms, you can start adding a contribution to your Gold IRA, so you can then transfer the funds from an existing IRA or even a 401(k).
Acquisition of the Precious metals
Once you have made a contribution to your gold IRA, an IRA specialist will contact you so that you can complete a purchase order by selecting the precious metals you want, and then effecting the transfer of those metals to a specified depository.
Which type of precious metal products does Monetary Gold offer?
Monetary Gold currently offers gold and silver products. On its official website, however, it is indicated that clients should also expect platinum and palladium products in the near future. As of now, this company has a very limited variety of its gold and silver products, in comparison with other precious metal IRA firms. The coins,, however pure they are, are just but the common variety that you will find with most other firms in this industry. Some top example of the products offered include:
- Saint Gaudens coins
- Liberty coins
- Gold British Sovereign
- German 20 Marks
- Swiss 20 Franc
- French 20 Franc Angel
- French 20 Franc Roster
- Napoleon II 20 Franc
- Morgan Silver Dollars
- Peace Silver Dollar
- Half Franklin Dollars
- Silver Walking Liberty Half Dollars
- Silver Proof American Eagle
- Silver American Eagle
- Silver Canadian Maple Leaf
Does this company offer Gold and Silver IRAs?
Yes. For the sake of emphasis, you can open a Gold IRA with Monetary Gold and start building wealth for your retirement years. There are several rules that apply to the Gold IRAs that clients open with this company. Most of them are common, and you may most likely have come across them if you have researched how such companies work. The unique ones, however, include:
Types of IRAs you can rollover
With Monetary Gold, you can only rollover the funds you hold in any of the following IRAs:
- Traditional IRA
- Roth IRA
- SEP IRA
You can rollover the money in either of these IRAs without incurring any taxes.
Depending on the custodian that Monetary Gold recommends for you based on your investment expectations, you are required to part with a minimum amount of $5000-$10000.
Annual contributions and withdrawals
For those aged 70.5 years and below, the maximum annual contribution is $5,000 per annum. You can however decide to repossess your precious metals at age 59.5 years. Any withdrawals that are made before this age incur a 10% penalty. The only exception for this rule is when you are buying your first-time home, or when you are paying college costs.
Depending on the type of Gold IRA you choose during the registration phase, here are some withdrawal time limit rules that you must adhere to :
- Traditional Gold IRA- begin withdrawals at 70.5 years
- Roth Gold IRAs- begin withdrawals after 5 years. You do not have to commence withdrawal when you hit 70 years.
Is Monetary Gold Genuine?
Yes. This company is 100% genuine. It has been around for close to 2 decades now. It has been serving its clients exceptionally well and is due to this reason a BBB accredited business. With its A+ rating on the Better Business Bureau, you cannot doubt the quality of this company’s professionalism and excellence. This company’s weakness, however, falls in it having a very limited range of precious metals. There are also not many consumer reviews about this company.
If you are looking for well-established and deeply rooted firms that have a wide range of precious metals, then you should have at our top 5 recommended Gold IRA firms. Here, you will find the top 5 firms in the world, and you will not need to go looking elsewhere. All the crucial details are in that review, and they can help you make your decision right away.
Pros and cons
- A+ rating on BBB
- Has been around for close to 2 decades
- Quite professional
- No negative consumer reviews
- Minimum investment amount
- Limited range of precious metals
That sums upthe overall view pretty good about what there is to consider about what monetarygold.com is. Do you have any questions or comments? Feel free to drop them in the comments section. Also, make sure to compare and have a look at the best alternatives to monetarygold.com in the market are.
I wish you the best,