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The Bottom Line: Monetary Gold offers would-be investors the chance to put funds into gold and other precious metals with low fees and the potential for high returns.
Premier Gold IRA Partner
AT A GLANCE
- Over 50 years of industry experience
- Free shipping for new clients
- Low yearly fees
- Outstanding customer reviews
A+ BBB Rating
Average review rating 5/5 on TrustLink
Pros & Cons
Now let’s take a look at the pros and cons of using Monetary Gold.
Are you close to retirement and thinking about potential investments?
Or are you an early planner, and you want to start preparing for your retirement?
Then this Monetary Gold Review is for you.
Do you ever wonder how much your life savings would be worth by the time you retire?
With the inflation rate projected to grow, the value of your savings in dollars today won't be the same in the next ten years. $82.29 in 2019 would get you what a $10 bill would get in 1965.
Everyone desires to have a great retirement plan. Having a financially secure future, especially as we get old, is the goal of most individuals. Considering that the value of money changes over time, you need more than a saving plan.
You need a store of value that won't just hold the value of your money but has the possibility of increasing it over time. What you need for your retirement plan is precious metals, more precisely the gold IRA.
To help you make this decision, let’s look at an in-depth review of Monetary Gold.
Minimum Investment: $10,000
Custodian Fees: Depends on custodian
Promotion: First year fees waived over $50k
About Monetary Gold?
Investing and collecting gold and other precious metals is a great way to plan for the future, but finding genuine gold and managing this investment may strike a problem.
Monetary Gold is a company dedicated to helping its clients plan, protect, and preserve their lifestyles by investing in a safe and highly valuable retirement plan, which involves precious metals such as gold and silver.
It is relatively easy to invest in these precious metals because they ensure that the metals are worth the purchase price at Monetary Gold. By getting metals directly from the source, clients don't have to hassle for middle man mark-ups.
There are several reasons why you need to invest in their precious metals, and diversification is the key here because your investment plans must be quite diversified.
It is not enough to invest in properties; investing in precious metals means the IRA helps protect your investment portfolio and save you financially from declining financial markets that may happen globally.
It is usually advisable that you invest in diverse markets to ensure that your retirement plans are safe from the risk of market losses.
Monetary Gold Services
Gold IRA is a class of individual retirement accounts (IRA) that directly allows you to buy and own gold and other precious metals. It is like the regular IRA in that your IRA account is targeted towards your retirement, and taxes are deferred on the savings you make into the account.
While you can trade on gold-related stocks and securities with your regular IRA account, you cannot buy and keep bullion. With a Gold IRA account, that limitation is lifted, and you can buy gold and other precious metals to keep as your investment.
Gold IRA custodians like Monetary Gold are special kinds of brokerage firms that help individuals purchase and keep gold for their Gold IRA accounts.
Custodians are vital components of the ecosystem as they save their clients from going through the trouble of locating reliable and trustworthy bullion sellers.
Minimum Investment & Fees
Precious Metals IRA
Depends on custodian
There is a $290 setup fee with Monetary Gold. The transaction cost typically depends on the prevailing price of gold. For every qualified client, Monetary Gold takes care of custodial fees for about five years.
There is a one-off $30 delivery fee to receive the physical gold or silver. FedEx, UPS, or USPS handles the shipment of the precious metals to your home address or the Delaware depository.
The parcels insured and packaged discreetly to ensure the content is unidentifiable and there are no risks associated with shipping metals.
There is an annual storage and insurance fee of $100 for about $100,000 worth of gold, then an additional $1 on every extra $1000. For instance, having $120,000 worth of gold will incur an annual fee of $120.
The recommended minimum investment is between $5,000 to $10,000, depending on your preferred precious metals custodian.
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Who is Monetary Gold Best for?
Do you want to keep your money where it will appreciate considerably over time?
Are you looking at viable investments that can withstand the test of time and depreciation that plagues regular investment options like stocks and bonds?
Then Monetary Gold is a sure bet for you to put your money in.
What Makes Monetary Gold Unique?
There is a truckload of Gold IRA custodians out there, you might wonder what exactly sets Monetary Gold apart from the rest.
I’ll make a list of the things I found special about Monetary Gold.
Have questions about Monetary Gold? Here are the answers.
Gold IRA companies like Monetary Gold are licensed to buy and hold precious metal investments for their clients.
Your precious metals will be stored at either the Brinks or the Delaware depository.
The Company uses Equity Trust & Kingdom Trust.
You can transfer any Traditional, Roth and/or SEP IRA also direct rollover any previous 401k and/or 403b to a Gold IRA without incurring any taxes or penalties.
Yes, there is a buyback program. They buy back precious metals sold by them at $0 fees.
No, it doesn’t. The process is pretty easy and straightforward.
Monetary Gold vs. Competitors
Monetary Gold Reviews & 3rd Party Ratings
Checking what other people had had to say about their experiences using Monetary Gold services, it is apparent that they prioritize their client's satisfaction and have so far maintained a stellar record and A+ ratings among their clients.
The 20 years of experience they've had helping collectors and investors invest in precious metals IRA has given them the necessary expertise to understand their target clientele's requirements and make the proper provisions for them.Apart from individual reviews on their services, there is also an A+ Monetary Gold Review on Better Business Bureau, with them scoring a straight 5/5 star rating there as well. Monetary Gold also has a 5-star rating on Trustlink.
Monetary Gold Promotions
Presently, Monetary Gold is running a promotion offering up to $5,000 of free gold and silver for qualified accounts.
They are also offering up to five years of custodian fees waived for qualified applicants. You can reach out to them to see if you are qualified for any of these promotions.
How to Get Started with Monetary Gold
Registering with Monetary Gold and setting up your account is relatively straightforward. There is a registration form on their website if you want to jump in and register with them. But they also make provision for you if you need to speak to someone before making your decision.
You can contact any of their experienced precious metal specialists from their website who can guide you through the process. It will take about 48-72 hours to set up an account once the processing begins.
Once your account is set up, you will receive and complete the form Gold IRA form. After completing this, you would have to contribute to your gold IRA or transfer fund from an existing IRA account or 401(k).
The next thing to do is acquire your precious metals once your Monetary Gold IRA account has been fully set up and funded, after which you have to complete a purchase order and then transfer these metals to the depository.
Your IRA specialist from Monetary Gold will assist you in identifying the best coins and bullion deals for your account.
This review aims to answer almost all the questions anyone can have about Gold IRA and Monetary Gold, particularly while giving a fair and honest assessment of their operation.
At Momentary Gold, you can confidently say they place immense importance on providing the best customer service possible to their clients.
Oh, did I mention that they also provide free shipping services to their clients worldwide? In all, they aim to give you the best investment services possible when you work with them.
So if you're searching for the best company for your gold IRA?
Monetary Gold is here to help you with that by giving you the best investment services while allowing you to get massive returns and have a financially secure future.
Monetary Gold offers would-be investors the chance to put funds into gold and other precious metals with low fees and the potential for high returns.
- Editor Rating
- Rated 4 stars
- Monetary Gold
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