US Money Reserve Review
Disclaimer: We are supported by our readers. We may receive compensation from links on this page if you use products or services because of our expert recommendations. Please read our Advertising Disclosure.
The US Money Reserve is a private company in Austin, Texas that claims to be the biggest distributor of silver, gold, platinum coins, and other precious metals in the country. It offers customers access to a wide range of rare coins and collectibles from the United States Mint and worldwide.
Customers can purchase coins directly from US Money Reserve or through its website, which also features an extensive catalog of products.
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.
Look to see if US Money Reserve was selected to our "highest recommendation" list this year!
Or...
Get a FREE Gold Investing Packet from our #1 recommendation, by clicking the button below:
Protect Your Retirement Savings from Inflation & Taxes!
Table Of Contents
About US Money Reserve
Hundreds of thousands of people in the US like to diversify or prevent their wealth from depreciating by investing in assets, items, or products with the least amount of risk. Usually, gold, silver, and other precious metals provide a safer alternative.
While investors have the freedom to buy these assets from whichever source they want, Mr. Philip N. Diehl and his associates came up with a brilliant plan to allow people to purchase gold, silver, and other precious metals backed by the US Government. Hence, the inception of the US Money Reserve in 2001.
The US Money Reserve has its headquarters in Austin, Texas, but it also boasts more than a hundred thousand clients from all around the world through its online platform. The company prides itself on offering high-quality products that meet the highest industry standards.
All products are authenticated and graded by numismatic experts who specialize in grading coins from different parts of the world.
US Money Reserve Leadership
Since the company's inception, Mr. Philip N. Diehl has served as the President of the US Money Reserve. He is also a former Director of the United States Mint and the quondam Chief of Staff of the US Treasury Department.
Moreover, the 38th Director of the United States Mint, Mr. Edmund C. Moy, serves as the Senior Chief Strategist of the company. He is known for his extensive knowledge of the coin industry and his vast experience in the United States Mint.
The US Money Reserve team is comprised of highly-skilled professionals who have years of experience in their respective fields. Customers can rest assured knowing that their investments are in the hands of people who understand the market and its nuances.
US Money Reserve Products
The US Money Reserve inventory of products consists of a wide selection of gold, silver, and other precious metals. These assets come in various forms, including coins, bullion bars, numismatic coins, collector's edition coins, and more.
The Gold American Eagle Coin is the company's most popular product. It is minted with 24k gold and has exceptional quality and beauty. It is part of the official US Mint coin series and comes in various sizes, including 1/10 ounce, 1/4 ounce, 1/2 ounce, and one full ounce.
Other popular products include the Silver American Eagle Coin and the Gold Canadian Maple Leaf Coin. The Silver American Eagle Coin is minted with .999 fine silver and features a beautiful design on its front side.
The Gold Canadian Maple Leaf Coin, released by Royal Canadian Mint in 1979, contains a unique radial pattern for added security.
US Money Reserve's Services
The US Money Reserve offers clients access to a powerful online store with a secure ordering process that ensures the customer's safety and privacy during transactions. They have trained professionals who are available to answer any questions or concerns about purchases and investments.
They also offer several informative, educational resources such as articles, reports, newsletters, and more to keep investors updated on the current trends in the metals market.
US Money Reserve also provides a wealth of services for first-time buyers and seasoned investors alike. This includes free shipping and delivery within the US, free consultations with knowledgeable advisors, and assistance setting up an IRA account. With these services, customers can feel confident that they are making wise investments with their money.
About US Money Reserve Custodian and Storage
US Money Reserve is dedicated to providing the most secure and reliable services when it comes to handling investments. Clients are offered full, insured custody of their coins with US Money Reserve Custodian. They also offer secure storage in vaults located at various banks across the United States.
How To Buy Precious Metals from the US Money Reserve
If an investor is looking for Gold American Eagle Coins, they will start by visiting the US Money Reserve store in Austin, TX, or reach out to a professional through a website. If they decide to go in person, they will be able to interact with US Money Reserve staff, who will guide them through the process.
When ordering online, investors can browse through the product catalog and add items to their cart. They will then enter payment information which is securely processed for added peace of mind.
Once the order is placed and verified by US Money Reserve, it's shipped with an accompanying Certificate of Authenticity (COA) containing important details such as the weight and purity of each coin or bullion.
How To Request a Service
If a customer would like to request a service from US Money Reserve, they can reach out through the website or call their toll-free number. They will be connected with knowledgeable advisors who will provide guidance and discuss available options.
Reasons to Invest in Precious Metals
The inherent value of gold, silver, pallidum and other precious metals exists independent of any government, giving them a distinct benefit over fiat money. The value of modern paper currencies comes from the amount in circulation and the stability of the issuing government.
Thus, when a country experiences economic and political instability, the value of paper money can be affected drastically. Precious metals are an excellent option for investors who want to safeguard their wealth from such fiscal turmoil.
Stored money typically depreciates with time due to increases in the prices of goods and services, also known as inflation. Precious metals are not subject to such depreciation, which makes them an ideal hedge against rising inflation.
Investing in gold or other precious metals can be beneficial due to tax breaks provided by the IRS (Internal Revenue Service). Certain retirement accounts, like IRAs and 401ks, can benefit from holding gold since they are exempt from capital gains taxes on metal sales and profits.
This allows investors to protect their investments while still enjoying the tax savings that come with traditional retirement accounts.
Many retirement investments lock people in long-term contracts, making them illiquid. This means that the investor cannot access their funds when needed and must pay hefty fees if they want to withdraw early.
Investments in precious metals are far more liquid since they can be sold quickly at any time and converted into cash relatively easily.
Unlike investments in stocks, bonds, and other publicly traded securities, transactions involving precious metals are largely private. This makes them an attractive option for those looking to safeguard their financial information from potential public scrutiny.
From governments, central banks, and hedge funds to private investors, the demand for precious metals continues to soar due to the numerous benefits discussed above. As a result, precious metals are an attractive option for investors looking to diversify their portfolios and protect their wealth.
On their website, the US Money Reserve allows clients to explore the benefits of investing in a Precious Metal IRA. This type of retirement account combines the tax advantages of an IRA with the ability to invest in physical gold, silver, and other precious metals.
How Precious Metal IRAs Work
When setting up a Precious Metal IRA, clients will select a provider and administer their account with the help of an expert advisor. The client will choose one or more of the IRA-approved precious metals, i.e., gold, silver, and palladium, to include in their portfolio.
A custodian will help them with the paperwork and tax filings. They will also advise clients on selecting a depository to store their metals and manage the logistics of buying, storing, and shipping them.
When the time comes when they want to withdraw funds, they will liquidate their precious metal holdings and collect the cash. It's important to note that this should happen when they reach the age of 59 1/2 to avoid any penalties.
Special Costs When Investing in Precious Metal IRAs
First, for a client to set up a precious metal IRA account, they will need to pay an administrative fee to the IRA custodian. Then there are annual custodian maintenance fees that are usually much lower than the fees charged by traditional IRA accounts.
The client will also need to pay certain taxes when they withdraw funds from their precious metal IRA account, although these are usually much lower than ordinary income tax rates. Finally, storage and shipping costs may apply depending on the number of metals in the account and where they are being shipped to.
Is US Money Reserve Legit?
The US Money Reserve is no doubt a legitimate business in Austin, Texas. As of writing this, the company has served 650,000 clients, transacted over $2.3 billion, and shipped products worth $3.8 billion.
The US Money Reserve also has an A+ rating with the Better Business Bureau, backing up its commitment to providing exceptional customer service and satisfaction. The company has won Inc. 500 five times, and its subsidiaries have won the WGEA Platinum Award multiple times over.
Pros and Cons of Working With US Money Reserve
Clients can enjoy benefits such as the potential to roll over old 401(k)s into Precious Metal IRAs, access to an expert team of advisors and market analysts, a wide selection of coins and bullion products available for purchase, and secure shipping and storage of precious metals.
Drawbacks include annual costs for the storage and shipment of precious metals, limited customer service hours, and a lack of other types of investments.
Bottom Line
For those hoping to safeguard their wealth and diversify their retirement savings, investing in gold, silver, and other precious metals can be an excellent option.
The US Money Reserve provides comprehensive services that can help clients achieve their goals. However, investors should weigh the pros and cons carefully before committing to a Precious Metal IRA with US Money Reserve or any other provider.
Remember to read our list of the Best Gold Investment Companies to work with, before investing your hard-earned savings!
>> CLICK HERE to read our list of the Top Gold IRA Companies. <<
Or, if you like what you read about US Money Reserve, continue to their website below.
Charles Turner
Hi, I'm Charles Turner, founder of Turner Investments. I created Turner Investments to provide education and guidance to individuals interested in personal finance.
My goal is to make Turner Investments a valuable resource for anyone looking to learn more about personal finance and make smarter investment decisions.