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Monetary Gold is a company in Woodland Hills, California that specializes in precious metal IRAs, commonly referred to as Gold IRAs.
Since its inception in July 2000, the company has become among the top-rated suppliers of accounts that allow Americans to hold gold, silver, and other precious metals in their retirement portfolio.
Before we get started:
Inflation and rising interest rates has destroyed many people's savings. Many investors feel defeated and helpless, but you can fight back.
Gold and other precious metals have been used to protect against inflation for thousands of years. And when you hold physical in a tax-protected savings account, it gets even better.
Opening a gold IRA can sound complicated, but it's really not.
That is why we created a list of our most trustworthy investment companies, to make comparing and choosing the company best suited to your needs as easy as possible.
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About Monetary Gold
The stock market has proven to be highly volatile; investors can lose their entire life savings in less than a day or triple them overnight. This market is greatly controlled by how people perceive the current state of the economy, a product, a service, or the people that run a company. This is why many investors look to add some stability to their portfolios by investing in gold and other precious metals.
Monetary Gold provides investors with this stability as it specializes in gold IRA services, offering retirement accounts that are backed by real physical gold and other precious metals. The company takes economic downturns and booms into consideration when creating its plans, as gold is known for its ability to retain its value even in the worst market conditions.
Monetary Gold's mission is to provide investors with an IRA that includes gold and other precious metals. The company helps customers understand their options, processes the paperwork, and stores its clients' investments securely as they grow steadily over time.
Who Owns Monetary Gold
Monetary Gold has a total of 37 employees, led by Ms. Andreas Powers, who is the principal partner and CEO of the company. Given that the company is privately held, much of the information about its owner is undisclosed to maintain the owners' privacy and their investments.
Monetary Gold Products
The company's investment catalog consists of gold and silver IRA-certified coins, semi-numismatic coins, and other certified-graded coins. They help their clients buy, sell, transfer, and store their physical gold and other precious metals safely.
For clients that are specifically interested in gold, Monetary Gold provides options such as American Gold Eagle, American Gold Buffalo, Gold Canadian Maple Leaf, and Gold Austrian Philharmonic. They also have American Silver Eagle and the Canadian Silver Maple Leaf coins in their silver IRA catalog.
Currently, Monetary Gold allows investors also to purchase palladium or platinum products. The company's catalog includes Canadian Palladium Maple Leaf, American Platinum Eagle coins, and various palladium bars.
Monetary Gold's Services
The company educates clients about the benefits of investing in gold and other precious metals as well as offers them advice on the types of coins that best fit their portfolio needs.
Additionally, they provide customers with guidance on current market trends along with assistance transferring or rolling over existing IRAs into a Gold & Silver IRA account.
More importantly, the main motivation behind the company's creation was to help Americans with 401(k)s and other retirement accounts safeguard their investments. As they are one of the few suppliers with a proven track record in the industry, clients can rest assured that all their transactions are secure.
Monetary Gold Storage and Transfer Options
The company has a storage facility in Deleware, which is a safe and secure place to store gold coins or bullion. All customers' investments are insured against theft or damage, and the facility counts with tight security protocols that are regularly updated.
Monetary Gold also offers its clients two options for transfers: via mail or freight carriers such as UPS, DHL, FedEx, etc. Customers must provide proof of identity before sending their precious metals to be stored in the facility.
What Makes Monetary Gold Unique?
Monetary Gold stands out from other companies by providing a unique combination of services that help make investing in a gold IRA easier and more secure. They offer an online account opening process, which makes it easy to set up an account without having to leave your home.
Furthermore, they provide complimentary financial advice with every purchase, so you'll know exactly what types of investments are right for your situation.
Additionally, Monetary Gold offers free shipping for all precious metal purchases and a return policy. This allows clients to evaluate the quality of their investments before deciding whether to keep them or not. They also offer a convenient storage service in which customers can store their precious metals securely without having to worry about anything.
The cherry on top is that the company offers free workshops for clients to gain in-depth knowledge of current economic threats and how they can affect their investments. They also offer free consultations with financial experts who can provide valuable advice about gold investments.
Is Monetary Gold a Scam?
Not everything too good to be true is a scam. Monetary Gold is a legitimate company accredited by the Better Business Bureau (BBB) on 10/24/2013. The company has an A+ rating, which is a testament to its commitment to providing high-quality services.
The company also has many positive customer reviews that highlight the impeccable service they provide, as well as its responsive customer support staff. The main keywords from their client's testimonies are trustworthy, knowledgeable, and dependable.
The cornerstone of the Monetary Gold portfolio is a classic and reliable Gold IRA. This is a type of self-directed IRA that lets investors use the assets of their retirement account to purchase gold, silver, or other precious metals.
Gold IRAs offer tax benefits just like a traditional or Roth IRA, such as deferring taxes on gains until retirement. They also offer the opportunity to diversify and protect your portfolio from fluctuations in the stock market.
Monetary Gold has an excellent selection of gold coins and bars, as well as platinum and palladium bars that customers can choose from when opening their Gold IRA account. The company also offers assistance with the rollover process so clients can transition seamlessly into an account managed by Monetary Gold without any problems.
How Investing in Gold IRA Works
If an investor is interested in protecting their wealth by buying a more stable asset like gold, they will need to open a Gold IRA account. This process requires the transfer of funds from a traditional or Roth IRA into an account managed by Monetary Gold.
Once this is done and the amount of money has been determined, the investor can purchase coins, bars, or rounds that are made out of gold, silver, platinum, and other precious metals. Since Monetary Gold has storage vaults, they will keep these investments safe until customers decide to sell them.
Important considerations when Investing in Gold IRA
Gold IRAs are generally more expensive than traditional IRA accounts. The investor must consider seller fees, insurance costs, storage fees, and other miscellaneous costs when investing in a gold IRA.
It is also important for investors to research the types of coins or bars they are interested in buying to get the most out of their precious metal investments. It is also wise to consult with a financial advisor or gold IRA expert before making any decisions.
Lastly, investors just can't sell their precious metals anytime they want. It is important to understand the rules and regulations of selling gold or silver before investing in a Gold IRA account.
For example, there are penalties and tax implications if one closes their account before the age of 59 1/2. And, if they keep their account until the age of 73, the law (the Secure Act 2.0) requires them to start taking a minimum distribution from the account.
This means by April 1st of the year they turn 73, they will need to start withdrawing a minimum amount of money from their gold IRA each year.
Gold is a beautiful and valuable commodity that's been used as a symbol of wealth since time immemorial. It's very rare and costly to mine and refine, and it has so many uses, from jewelry to industrial applications. One of the most popular ways people invest in gold is through gold coins.
Gold coins come in many shapes and sizes, ranging from smaller denominations such as 1/10th and 1/20th ounces to larger ones like one-ounce coins. They are usually 99% pure or 24 karats and can be used to hedge against inflation and currency devaluation.
Gold can retain its steady prices because, for one, it is a physical commodity that can be stored and safeguarded. It is also durable, and in the event of a financial crisis or economic instability, gold maintains its value better than other assets like stocks and bonds.
In fact, central banks and governments around the world purchase gold to diversify and shore up their reserves.
Silver, the white metal, is another highly valuable commodity that also has a strong store of value in its own right. It has so many uses, from car manufacturing to medicine. For example, the Silver Institute claims that more than 36 million ounces of silver are used each year in auto manufacturing, especially in engines and catalytic converters.
Silver coins are another popular way to invest in silver, just like people do with gold coins. The most common size for a silver coin is one troy ounce, although there are smaller denominations such as 1/10th, 1/4th, and even 1/20th ounces available. Investors tend to buy these coins because of their low premiums compared to government-minted bullion products.
In general, silver is a stronger performer than gold when it comes to price volatility. It has more industrial applications, and its value can rise more quickly when currency values decline, or inflation rises dramatically. In addition, silver is more affordable than gold, making it easier for beginning investors to enter the market.
Platinum and palladium, like gold and silver, are precious metals that have a long history of investment value. However, they offer very different advantages to investors.
Unlike gold or silver coins which are typically minted privately, platinum and palladium coins are usually issued by governments. They tend to carry higher premiums than gold or silver coins because they are rarer and harder to produce but also have their unique benefits.
Platinum is often used in industries such as automotive manufacturing, electronics, jewelry-making, and chemical production because it is incredibly resistant to corrosion and oxidation.
Palladium is an element found in catalytic converters and other automotive components due to its ability to reduce emissions from vehicles when heated.
No matter which precious metal one chooses to invest in, it's important to understand the different options available so that one can make an informed decision. With gold, silver, platinum, and palladium all having unique characteristics and benefits, getting expert advice on the best investment strategy is essential.
Monetary Gold Review can provide the guidance, insight, and research needed to help investors make the most informed decision possible. With our team of gold market analysts and financial advisors on your side, you can rest assured that you are making the best investment choice for your needs.
Remember to read our list of the Best Gold Investment Companies to work with, before investing your hard-earned savings!
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