Monetary Gold: Unraveling its Legitimacy or Scam in Our Full Review

Hailing from Woodland Hills, California, Monetary Gold was founded in 2000 and is a distinguished merchant of precious metals, specifically in IRA-approved Gold and silver bullion. The cornerstone of their business is empowering customers to enrich their investment portfolios with IRA-approved precious metals. Contrary to many of the other precious metals merchants we are familiar with, Monetary Gold solely concentrates on Gold and silver, setting aside other precious metals such as platinum and palladium.

The company's transparency and trustworthiness have stirred numerous queries, but this article aims to address all of them. I've conducted extensive research on Monetary Gold and have compiled this thorough guide to give you a deeper insight into the company. Continue reading to uncover more about Monetary Gold.

The Functionality of Monetary Gold

Silver bullions in the form of coins and bars. Beyond this, the company also markets physical Gold to investors, ensuring delivery to their homes or chosen depositories. Monetary Gold enables customers to establish self-directed IRA accounts to store their bullion. Additionally, it caters to various investors and collectors by facilitating the purchase of semi-numismatic and certified graded coins.

Monetary Gold offers a range of gold and silver bullion options in its catalog, allowing customers to select products that align with their requirements and taste. It lends a hand to its customers by assisting in selecting custodians for their precious metals and securing depositories for their physical assets. Over its history, Monetary Gold has formed alliances with reliable custodians such as the Goldstar Trust and the Delaware Depository, ensuring your storage worries are alleviated, thanks to their safe and secure services.

Monetary Gold excels at keeping its customers abreast of current trends, providing advice, and offering education about gold and silver investments, given it doesn't transact in platinum and palladium. Investors and clients can access such information via the company's website or by contacting them directly.

The company's resources, like the 'Gold IRA Investment Guide' and 'Coin Guide,' offer extensive information and guidance for purchasing Gold and silver. Additionally, the resource section on the company's website keeps users informed about the latest market trends, especially those pertinent to precious metals, demand, and supply, which are vital for informed decision-making.

Unfolding Monetary Gold's Range of Products

As previously mentioned, Monetary Gold exclusively trades in Gold and silver. Some might interpret this as the company presenting limited investment avenues. However, despite their focus on these two precious metals, they provide a variety of investment alternatives in the form of coins and bars, most of which qualify for an IRA.

Monetary Gold caters to coin collectors and investors by offering certified grade and semi-numismatic coins. They house some of the most sought-after gold and silver coins that could be reliable financial buffers against economic uncertainties such as inflation and dollar appreciation.

Let's dive in to understand these investment avenues better.

Gold Investments

Monetary Gold presents the following gold coins:

• Gold American Eagle proof: Crafted by the US Mint, this coin exhibits .9999 metal purity and is available in varying sizes.

• Gold Austrian Philharmonic: First minted in 1989, this coin boasts a metal purity of .9999 and weighs 1oz.

• Gold Canadian Maple Leaf: Produced by The Royal Canadian Mint, this coin possesses 99.89% gold and weighs 1oz.

• South African krugerrand: Minted by the South African Mint, this coin was first released in 1967 and carries 99.99% metal purity and 1oz metal weight.

• Gold American Eagle: Introduced in 1986 by the US Mint, this coin has a metal composition of 91.67% gold, 5.33% copper, and 3% silver, weighing 1oz with a diameter of 32.70 mm.

• American gold buffalo: First minted in 2006, this coin exhibits 99.99% gold purity and weighs 1oz.

Each of these coins qualifies for IRA investment.

For coin collectors and interested investors, the company also has a range of rare and foreign coins:

• Italian 20 lire: This foreign coin features 90% gold and weighs 6.4516g with 0.1867oz gold content.

• Belgium 20 Franc: This foreign gold coin comprises 90% gold and weighs 6.4516g with 0.1867oz gold content.

• French 20 Frank Rooster: This foreign coin includes 90% gold, weighing 6.4516g with 0.1867oz gold content.

• $20 Saint Gaudens: A rare US coin weighing 33.436g with 90% gold and 10% copper content and minted with .9675 troy ounces.

• $10 Indian: A rare US gold coin, it weighs 16.718g with 90% gold and 10% copper content, minted with 0.48375 troy ounces.

• $20 liberty: A rare US gold coin, it weighs 33.436g with 90% gold and 10% copper content and contains 0.9675 troy ounce gold.

• German 20 marks: A foreign gold coin weighing 7.9659g and made up of 90% gold, minted with a gold content of 0.2304 troy ounces.

Other foreign coins include the British gold sovereign, Swiss 20 francs, Napoleon III 20 francs, Belgium 20 frank, and French 20 frank Angel.

Silver Investments

Among the company's IRA-approved coins are:

• Silver-proof American Eagle: This coin features 1 oz of silver with a .999 silver composition.

• Silver American Eagle: Introduced in 1986, this coin weighs 31.101g. It has a metal composition of 99.93 silver and 0.07 copper and contains 1oz silver with a diameter of 40.6mm.

• Silver Canadian maple leaf: A foreign silver coin minted in 1986 by the Royal Canadian Mint. The coin contains .9999 silver and 1.000 troy oz.

Additional silver coins in the company's selection include Morgan silver dollars, silver walking liberty half dollars, half Franklin dollars, and Peace silver dollars.

Though the company has hinted at the future inclusion of palladium and platinum investments, explicit information has yet to be available.

Storehouse for Monetary Gold: Safeguard Your Investments

Many potential investors weigh the storage options before leaping to physical precious metals. Monetary Gold has always got its client's backs in this respect, having established a secure partnership with the reputable Delaware Depository from its inception. This depository offers a haven for your Gold, catering to segregated and non-segregated holdings.

Additionally, it holds insurance coverage from the most time-honored insurance firm, Lloyd's of London. This storage solution extends beyond domestic borders with international storage facilities via the Bank of Nova Scotia in Toronto, Canada, and MAT International in Zurich, Switzerland, serving as sub-custodial premises.

Custodial Services at Monetary Gold

Navigating the world of gold investment often entails finding a trustworthy custodian for your precious metals. Many gold traders form alliances with trusted custodians, streamlining the process for their clientele. Similarly, Monetary Gold collaborates with Goldstar Trust, a reputable provider of custodial services for investors.

Monetary Gold Individual Retirement Accounts (IRAs)

Formulating a self-directed IRA account with Monetary Gold is an achievable endeavor, thanks to the assistance of their dedicated IRA experts. Establishing an IRA account with the company is straightforward, spanning three essential steps. The team aids customers throughout this process, thus simplifying the creation of a self-directed IRA within Monetary Gold. Here's the account establishment procedure.

Engage a Monetary Gold Advisor

The first step involves contacting the company's advisors and expressing interest in starting a gold IRA. The advisor is available to guide you through the whole account establishment process. This stage entails substantial paperwork, including answering queries and completing forms, which may be overwhelming if attempted independently. Hence, the company provides support with all necessary paperwork through its specialists.

Obtain and Fill Out the IRA Forms

In this phase, customers are given specific account creation forms to complete accurately with the help of the company's experts. Upon concluding the necessary paperwork, you must finance your account through a direct cash transfer or a rollover from an existing account. The company aids in your account's financing and links you with its custodian.

Procure Treasured Metals

Upon successfully topping up your account, you can purchase your treasured metals. At this point, the firm's custodian and depository play their part. Post-concluding the transaction, assisted by the firm's expert and custodian, you can secure your precious metals, which are then transported to the depository.

The firm provides shipment and dispatch services for physical Gold to its patrons. As an account holder, you can pick the delivery service that best suits your needs: UPS, USPS, or FedEx. All these delivery services are insured to ensure the safeguarding of your assets.

The firm promises its patrons secure storage of their Gold as the depository is outfitted with numerous alarms, robust security vaults, and closely monitored security apparatus. Patrons can rest assured, knowing their valuable metals are well-protected.

IRA Fees

Monetary Gold places great emphasis on the financial well-being of its customers concerning charges. Setting up an IRA account with the company is entirely free. For holdings of Gold or silver valued up to $100,000, an annual fee of $100 is applicable.

For assets surpassing the initial $100,000 in precious metals, the company implements a rate of $1 for each additional $1000 worth of metals. This affordable arrangement for all patrons likely contributes to the company's growing popularity.

Moreover, the company provides complimentary custodial services for up to five years for eligible clients.

Advantages and Drawbacks of the Company

Let's explore some advantages and potential drawbacks of venturing into gold and silver investments with Monetary Gold.

Advantages

• Expansive selection: While the firm solely focuses on Gold and silver, it presents an impressive range of investment options for its customers. The company serves as a valuable resource for collectors with offerings that include semi-numismatic coins and rare foreign coins. A broad array of IRA-eligible coins for investments is also available.

• Complimentary shipping: Choosing Monetary Gold for your investment needs lets you benefit from their free shipping service.

• Renowned for its Individual Retirement Accounts, the firm, like many gold dealers, enables clients to purchase and invest their physical metals in self-directed IRA accounts.

• Dependable custodian and storage solutions: Monetary Gold collaborates with Goldstar Trust Company and Delaware Depository for custodial services and storage facilities. Both are reputed and reliable entities.

• Cost-effective IRA fees: The firm does not impose any charges for setting up an IRA account. It offers reasonable rates for the annual storage of precious metals.

• Straightforward account creation: The firm offers a simple three-step process for establishing a self-directed IRA account. To make the process even more accessible, the company's experts are available to provide the necessary guidance.

Downsides

However, based on my analysis, here are a few considerations you may need to note when dealing with Monetary Gold.

• The company only operates during weekends and all major holidays, which could inconvenience clients wishing to engage with them.

• Prices are not publicly available on their online platforms. This lack of transparency could be a setback for potential investors needing detailed information about Gold and silver before making purchasing and investment decisions. Getting in touch with the staff might only sometimes be an option, especially during peak times.

• The company has yet to incorporate platinum and palladium into its product range and hasn't indicated a specific timeframe for its introduction. While they provide varied investment opportunities in Gold and silver, this could limit clients interested in platinum and palladium.

• The company's website needs more managerial information, meaning you'd have to contact the company directly for such details.

Making Monetary Gold Your Choice: Why?

The Appeal of Choosing Monetary Gold

Monetary Gold is a unique direct dealer of precious metals, sourcing these valuable commodities directly. Here are compelling reasons why it is a favorable choice for your gold and silver investments.

Proven Expertise

Boasting a long-standing presence in the market, Monetary Gold takes pride in its team's in-depth knowledge and proficiency in all things relating to precious metals, notably Gold and silver.

Preservation of Wealth

A key focus for the company is aiding clients in safeguarding their wealth against political upheavals, surges in the dollar, inflation, and other unpredictable market phenomena.

Diverse Options

Although Monetary Gold only specializes in Gold and silver, it offers an expansive range of investment options. Alongside IRA-approved coins, they also present semi-numismatic and unique foreign currencies to the delight of investors and collectors alike.

Complimentary Shipping

Added to its array of free services, the company now provides complimentary shipping. This bonus has won the hearts of numerous investors and collectors.

Exceptional Rating

Monetary Gold is proud of its A+ rating, establishing it as a BBB-accredited business.

Educational Workshops

Moreover, Monetary Gold conducts regular workshops that are exceptionally informative for its clientele. These sessions give investors insights into precious metal investments, especially within the company. They cover topics like investment choices, IRA accounts, and more.

Unveiling the Truth: Is Monetary Gold a Scam

I've encountered numerous inquiries regarding the company's authenticity. Based on my research and multiple company reviews, I've concluded that Monetary Gold isn't fraudulent. Instead, it's a legitimate, licensed, dependable dealer of precious metals.

The absence of specific information on their online platforms, such as management details and pricing, isn't due to secretive tactics. This information needs to be included for management reasons, such as protecting the data from competitors or from falling into the wrong hands. There have also been queries about the authenticity of customer reviews. However, you can trust customer reviews for the following reasons.

• Many reviews on consumer affairs platforms can be verified.

• To confirm that reviewers aren't fictitious, the company requests their contact information, thus allowing for follow-up communication. No one would take this lightly, knowing their contact information is on the record.

• The company ensures the integrity of reviews with the help of intelligent software.
• Monetary Gold company checks the quality and usefulness of reviews through careful moderation by the company's team.

• The key takeaway is that Monetary Gold is a commendable, legitimate, and trustworthy firm. Any information not provided on their online platforms can be obtained directly by contacting them. Furthermore, all the crucial information a prospective investor might need is readily available on their website.

Reaching Out to Monetary Gold.

The following is information about the company, including its location and contact information, to allow customers to reach them easily.

• Phone number: (888) 411-4653

• Website: https://monetarygold.com/

• Email: operations@monetarygold.com                                       

• Address: 1800 Oxnard St. #1120, Woodland Hills, CA, 91367

Conclusion

Monetary Gold has established its reputation as a dependable dealer of gold and silver, working directly with suppliers to ensure its clients receive high-quality bullion. The company prioritizes client satisfaction and superior service.

Through upholding their fundamental principles and aspirations, they aspire to be the first choice for investors. By the conclusion of this piece, you should have all the information needed about the organization. If you've had doubts about the company's credibility, you should now have clear answers.