Last Updated on March 14, 2023 by Ben
Monetary Gold is a website that offers information on making money online. It features articles, videos, and tools for people with all levels of experience. Their mission is to help people find financial freedom by making money from home by generating passive income streams. Monetary Gold has helped over 5 million individuals since 2001!
Table of Contents
- Monetary Gold Precious Metals IRA Info
- Monetary Gold’s Services
- Precious Metals from Monetary Gold Products
- Monetary Gold IRA Costs
- Custodian and Storage
- Monetary Gold Ratings and Complaints
Monetary Gold Precious Metals IRA Info
Company Info & Background
Monetary Gold focuses on giving people gold and silver products they can put in their Precious Metals IRA or add to their portfolio. This company is located in Woodland Hills, California, and it was founded in 2000. They also help clients open a self-directed IRA.
The company has coins that are gold and silver. The company also has coins that are not gold or silver. There are different categories of coins. Currently, this company does not offer any platinum or palladium. But for retirement savers, do offer some of the most popular IRA-approved coins.
In addition, the company is committed to informing and educating clients about investing in precious metals. Several free information kits are available, including a “Coin Guide” and a “Gold IRA Investment Guide.” There is a Market News and Resources section on the website. The Market News tells you about investing in precious metals and other things.
Monetary Gold Management Team
The company Monetary Gold does not have a page on LinkedIn with information about its leaders.
Monetary Gold Contact Information
- Phone: (888) 411-4653
- Address: 21800 Oxnard St. #1120, Woodland Hills, CA, 91367
- Email: [email protected]
- Website: www.monetarygold.com
Monetary Gold’s Services
How to Open a Gold IRA with Monetary Gold
In order to open a Gold IRA with Monetary Gold, you have to follow three steps. You have to talk about storage fees and other things before opening the account. One way to keep your gold and silver safe is to store them in a secure depository. They work with a well-known depository for this.
- Complete an application: An IRA specialist helps you fill out the forms. There is no charge for this service. It takes 48 to 72 hours before the account is ready to be funded.
- Fund your new Gold or Silver IRA: You can either write a check or send money from an IRA or 401(k). You can also use wire transfers or cashier’s checks.
- Buy precious metals: Your IRA specialist assists you choose the right coins and bullion approved by the IRS. I am able to buy what you need and transfer it to your account at the depository.
If you store your precious metals at the facility, they will be inspected, processed, and insured.
Precious Metals from Monetary Gold Products
The Monetary Gold investment catalog consists of gold and silver coins that are IRA-approved. These coins can be graded or non-graded. If you desire to hold gold or silver in a self-directed IRA, the company offers some popular coins. They have the Gold Canadian Maple Leaf, American Gold Eagle, Gold Austrian Philharmonic, and American Gold Buffalo for gold options. They also have the Canadian Silver Maple Leaf and the American Silver Eagle for silver options.
At the moment, Monetary Gold does not have any palladium or platinum products available. But the website says that both of these metals will become available soon.
- Bars and new government coins
- A trade is when someone buys something. Trade close to the spot market price.
- The price is set by the Mint and how much demand there is for these coins.
- Some people don’t like to use this type of money.
- Most transactions reported on IRS 1099
Bullion is made of bars and newly minted government coins. There are many types of bullion, for example, Chinese Pandas, American Eagles, U.S Buffalos, Canadian Maple Leafs, or Austrian Philharmonics. Bullion is a type of metal that is made every year and traded for the corresponding spot market price.
Bullion is a type of metal that is worth more than the price it costs. The person who sells you the bullion can ask for a lot of money. When you sell your bullion, you should sell it for less than what you paid. Bullion is mostly acquired by companies who want to make a short-term profit. They are not looking for a lot of profit, but it can’t be too little either.
If you sell government coins or bars and you were paid over $600, the government requires that you fill out a 1099 form. This includes your name and address, and social security number. In addition to collecting your information, the government will report these transactions to the IRS. This is for their own purposes.
The government banned and/or prohibited gold coins and bars a long time ago. That is something that people ask about often, but it won’t happen in the future.
Semi-numismatic coins are a mix between numismatic coins and bullion coins. Bullion coins are the ones with the lowest market price. Certified-graded coins have a higher price because they may have numismatic value.
Investors looking to make money on the bull market for precious metals buy coins that are not really coins. These coins are called semi-numismatics. The value of these coins is directly affected by the corresponding spot market, and some of them have numismatic value.
The industry sometimes calls coins that are not rare “Private Metals” because they don’t take your personal information when you buy one.
Semi-numismatic coins are seen by the industry as having more metal in them than other coins. They are not overseen by the government. If you are looking for money, value, and things that will keep you safe during inflation, then semi-numismatics are the right thing for you.
Semi-numismatic coins are old, pre-1933 Gold and Silver coins. The oldest, from the U.S., are from Saint-Gaudens and British Sovereigns — and from before 1935, Silver coins such as Morgan Silver Dollars and Peace Silver Dollars.
The coins they make now are not like the old ones. The old ones were hard to find. When people want these coins, they do better than the others because of how much people want them and their prices.
Under the law, most of these coins are not required to collect your personal information. This means that when you cash out, they do not need your social security number. Confidential transactions are a way to make sure that people’s personal information doesn’t get shared. Numismatic coins have been exempt from past government recall bans and gold bullion prohibition. This is mentioned because it is a commonly asked question.
Monetary Gold IRA Costs
There is no set price for ordering gold with Monetary Gold. The cost of your order will depend on the price of gold that day. They pay for five years worth of fees if you are a qualified client.
- You can pay $30 to get physical gold or silver. It is wrapped up so that it cannot be identified. You should never store precious metals in your home because there are risks involved.
- The annual storage fee for gold IRAs is $100 for up to $100,000 worth of gold. After that, it is 1 dollar per additional $1,000.
- The least investment is $5,000 to $10,000. This depends on your IRA custodian.
Gold IRA custodial fees are the fee you pay when you open the account. It is a one-time fee, and then there is a maintenance fee that you have to pay every year. The Gold Star Trust charges $50 once and then $1 per every thousand dollars in your account, or at least $75.
How to Buy Precious Metals from Monetary Gold
You can acquire silver or gold bars or coins from Monetary Gold. You can call the company to speak with a representative, and if you are outside of an IRA, the metals will be delivered to your chosen destination.
To put up a Gold or Silver IRA, click on the “IRA Setup” button on the website. Fill out a shape, and then someone will call you to finish it. This takes 10 or 15 minutes. If you have any questions about setting up your account, you can use the contact form on the website or call. You also can use the chat feature to talk to an agent.
Custodian and Storage
The Delaware Depository is a place where you can keep your precious metals. There are two ways to store your things. You can do it all together, or you can do it separately. The company is insured and has been around for a long time. If you want to keep your stuff in a safe place, you can store it in a special building. You can store it in these buildings if you go to Canada or Switzerland.
Monetary Gold Ratings and Complaints
The Better Business Bureau gave Monetary Gold an A+ rating. On their site, consumers average to 5 out of 5 stars and mention a high level of customer service. People like the company. They like how they give you a lot of information and how polite the representatives are. People also said that TrustLink reviews gave them 5 out of 5 stars.
Augusta Precious Metals
Augusta Precious Metals is a family-possess company that has been selling gold and silver for nearly 50 years. They provide a service of helping you build wealth and have a secure retirement. Augusta Precious Metals helps investors open an IRA that is not in a retirement account. Investors can then buy gold or silver there.
The United States Securities and Exchange Commission advises that you diversify your investments. This will help to manage the risk of losing money. Augusta Precious Metals representatives work with people who have opened a retirement account. This account is made of gold and other precious metals. It has the same tax-deferred status as other self-directed IRAs.
American Hartford Gold
American Hartford Gold Group is a family-owned company that sells gold. You can acquire gold as bars or coins. Gold and silver IRAs are an alternative to regular IRAs. They allow you to invest in precious metals. These IRAs also help diversify your retirement savings.
American Hartford Gold offers gold and other types of precious metals. The metal comes in either coin or bar form. A gold IRA is a type of account that you can use to invest in precious metals without paying any taxes.
Goldco helps people with their old age. They can make sure they have money so they won’t be poor again. Goldco is a company that makes this happen. They are rated A+ by the Better Business Bureau and have Triple-A ratings from Business Consumer Alliance because customers like how they do things, like their dependability and ethical business practices. To learn how to preserve your wealth and reach your retirement goals, call to find out how you can use precious metals like gold or silver.
Goldco is a company that helps you set up and maintain an IRA account, but they only offer gold and silver IRAs. You can invest in other precious metals within these accounts if you want to.
Birch Gold Group helps you save money. They have been around since 2003, and they are headquartered in Burbank, California. They specialize in helping people with their savings accounts, retirement accounts, and precious metals. The company has helped people move their IRA, 401(k), and other tax-advantaged retirement accounts out of stocks, bonds, and mutual funds throughout the years. Birch Gold is a company that helps people save money. They do this by adding it to precious metals, like gold. If you want to learn more about how they can help you, visit their site or call them.
Birch Gold Group is a company that helps people with gold IRAs. It gives you the chance to start one or move your current one.
Monetary Gold is a company that provides you with the opportunity to buy gold and other precious metals directly from them. They offer these services at discounted prices, which means you get more for your money than if you went through another middleman. If you’re looking for an investment that will hold its value and provide top-notch customer service, consider opening up a gold IRA at Monetary Gold.