What is Monetary Gold?
Monetary Gold is a precious metals firm located in Woodland Hills, California. They specialize in offering clients a wide range of gold and silver products that can be held in Precious Metals IRAs or added to portfolios.
The company was established in 2000 and has been assisting investors in building their retirement savings and safeguarding their earnings for more than five decades.
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The company offers a wide range of options in its catalog, including gold and silver IRA-eligible bullion coins, certified-graded coins, and semi-numismatic coins. Monetary Gold also provides complimentary information kits to customers. In addition, their website features a “Market News” and “Resources” section.
People Behind Monetary Gold:
Ms. Andrea Powers is the principal of Monetary Gold and is in charge of overseeing the operations of the business. Ms Powers serves as the main point of contact for customers seeking to reach the company.
There is a scarcity of information regarding its founder or management team on the BBB. In contrast to other online rating platforms and the company’s official website, no information is provided about their CEO and Owner.
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How to Open a Gold IRA with Monetary Gold:
- First, you’ll need to select a custodian with Monetary Gold. Consult with the company to find out the best-suited custodial option for yourself. They can help you with the necessary paperwork as well.
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- After selecting a custodian, it’s time to open a self-directed IRA account with them. With this type of account, you have the opportunity to diversify your investments by including physical gold and other precious metals.
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- Now, you’ll need to fund the new SDIRA. To fund your IRA account, you can either transfer funds from an existing IRA or 401(k) or make a direct contribution.
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- Once your IRA account has the required funds, you can utilize the cash to acquire physical gold or other valuable metals. The staff at Monetary Gold can assist you in choosing the right gold or other precious metals for your investment and will handle the purchase process on your behalf.
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- The last step involves ensuring the physical gold or other precious metals are kept in a safe storage location, such as a depository or vault. Your custodian can assist you in organizing storage and ensuring that the gold or other precious metals meet the necessary IRS requirements for IRA investments.
Monetary Gold Products:
Monetary Gold offers a diverse array of products and services to its clients. These options encompass a variety of precious metals, such as gold and silver coins, bars, bullion, numismatic coins, and minted coins.
In addition, they provide a satisfaction guarantee with all of their products, ensuring that customers make wise choices.
Some popular options available here are:
Gold Products:
- Gold Canadian Maple Leaf
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- American Gold Eagle
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- Gold Austrian Philharmonic
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- American Gold Buffalo
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- $20 Saint Gaudens
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- $10 Liberty
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- Gold British Sovereign
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- German Marks
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- Swiss 20 Franc
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- French 20 Franc Angel
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- Napoleon 20 Franc
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- Italian 20 Lire
Silver Products:
- Canadian Silver Maple Leaf
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- American Silver Eagle
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- Morgan Silver Dollars
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- Peace Silver Dollars
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- Half Franklin Dollars
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- Silver Walking Liberty Dollars
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- Silver Proof American Eagle
Monetary Gold provides attractive pricing on all its products, ensuring that investing in gold and silver is within reach. In addition, they frequently provide promotions and discounts, enabling clients to further economize on their purchases.
Monetary Gold Fees:
The company provides eligible applicants with the benefit of having their custodian fees waived for up to 5 years. There is a one-time shipping fee of $30 for the delivery of your precious metals. In addition, the company offers the convenience of shipping your products to either the Delaware depository or directly to your home using reliable carriers such as FedEx, UPS, or USPS. Monetary Gold imposes an annual custodian fee, which begins at $75 and fluctuates based on the chosen custodian.
In addition, there is an annual storage and insurance fee of $100 for gold valued up to $100,000, with an extra $1 fee for every $1,000 of gold beyond $100,000. The minimum purchase amount can vary depending on your chosen precious metals custodian, usually falling between $5,000 and $10,000.
Monetary Gold offers a variety of choices for storing and accessing your gold. You have the option to store your gold in their highly secure vaults, self-storage facilities, or at a bank.
There are no charges for storing your gold using any of these options. However, if you decide to make a withdrawal from your account, a fee will be applied. If you choose to have your gold delivered to your home, it will be necessary to deliver it to an IRA account and signatures will be required upon receipt.
Monetary Gold Reviews and Ratings on Other Platforms:
The Better Business Bureau (BBB):
Monetary Gold has received an exceptional A+ rating on the Better Business Bureau website, along with a perfect 5-star rating based on 34 customer reviews. All the reviews are overwhelmingly positive. This company is accredited by the Better Business Bureau, demonstrating its commitment to maintaining high standards. They obtained the accreditation on October 24th, 2013.
Yelp:
Monetary Gold continues to receive top marks on Yelp, with a perfect 5-star rating based on a single customer review. The review strongly supports the company and its services.
ConsumerAffairs:
Consumer Affairs rates Monetary highly, with an impressive 4.9 stars out of 5-star ratings based on feedback from 68 satisfied customers. The majority of the reviews are highly positive, with customers praising the company’s exceptional customer service, expertise, and efficient delivery.
Business Consumer Alliance (BCA):
Monetary Gold on BCA still lacks customer ratings and reviews. They have an A company rating on the BCA website.
Trustpilot:
According to a single customer review on the Trustpilot website, Monetary Gold has received a rating of 3.2 stars out of 5. In addition, the reviewer has given the company a rating of “average”.
Google Reviews:
According to customer reviews on Google, Monetary Gold has received a rating of 4.3 stars out of 5. There are only 6 customer reviews on Google, and the majority of them are positive, with customers commending the company’s outstanding customer service, professionalism, and expertise.
TrustLink:
TrustLink rates Monetary Gold with a perfect 5-star rating based on feedback from 12 satisfied customers. The majority of the reviews are positive, with customers expressing their satisfaction with the company’s customer service, knowledge, and efficient shipping.
Monetary Gold Review: Conclusion
Monetary Gold is a reputable company with a long-standing presence in the precious metals industry, earning a solid reputation over the years. They have a top-notch rating with the Better Business Bureau.
Furthermore, this company holds a BBB accreditation and is affiliated with various industry organizations. Some notable organizations in this field are the Industry Council for Tangible Assets and the Numismatic Guaranty Corporation.
These affiliations showcase a strong dedication to maintaining high ethical standards and delivering top-notch products and services to their valued customers.
