Monetary Gold Review

In the complex landscape of financial investments, risk is an inherent factor that every investor must navigate.

While the ebb and flow of gains and losses is a familiar experience, the secret to mitigating potential setbacks lies in diversifying one’s portfolio.

Beyond the traditional mix of stocks and bonds, precious metals present a compelling alternative for strategic diversification.

With numerous dealers offering precious metals across the nation, selecting the right partner demands thorough research.

In this context, Monetary Gold emerges as a noteworthy contender for investors considering precious metal acquisitions.

Explore the offerings and potential benefits of Monetary Gold to make informed decisions for your investment future.

Getting to Know Monetary Gold

The website is laid out in a more informational format than a standard retailer. MG stresses knowledge as power in their text, which means there are many pages devoted to learning about precious metals and investment opportunities.

MG also points out its affiliation with Bloomberg and Fox News on the homepage. Because these are familiar names to many investors, MG may already have a strong reputation in the industry.

Diving Deeper Into MG's History

When it comes to company history, MG doesn't cover any details on its "About" page. It focuses more on its industry standing as a direct dealer of precious metals for optimal pricing.

However, there are a few historical details spelled out on this page with conflicting information. The company maintains that it was founded specifically in July 2000. Scroll a bit further down the page, and investors will read about MG's 50 years of experience.

Presumably, this 50-year description refers to the owners' or employees' experiences in the precious metals industry. The wording is vague. Clarifying these time frames would improve MG's credibility with potential investors.

Going Over Rating and Reviews

This company has a solid number of reviews across several websites, including the Better Business Bureau. Remarkably, nearly every review is five out of five stars. Customers appear to be pleased with the service and are even willing to refer MG to their friends and family.

The BBB reports that MG has had an A+ rating since 2013. It's interesting to note that the company advertises being founded back in 2000. With this fact in mind, investors may want to ask about their accreditation before 2013. The accreditation process takes some effort by the company, but 13 years without the BBB's approval might be a concern to investors.

It's refreshing to read many of these reviews because investors often refer to helpful employees by name. This fact points to solid customer service on MG's part, which reflects positively on the company as a whole.

Knowing MG's Management Team

MG does not include any information about founders or management members. Their website only discusses their team of precious metals experts or agents. Investors might search for owners, managers, or founders on the Internet, however. Their search may be brief because the only employee seemingly connected to MG arises on Linkedin.

Mark Davis pops up on this site as an IRA Director for MG. There is no photo or detailed description of his time at the company. If there are any other figures associated with MG, they don't have a very prominent place on the Internet. Investors might inquire about the founders or management team when they call MG. Otherwise, MG has no real story behind its founding.

Discovering Gold IRA Custodian and Depository Services

All precious metals placed into a gold IRA cannot be held by the individual investor. They must ship directly from a dealer or mint, and they'll be secured at a depository. MG works with the Delaware Depository, which is a well-known name in the SDIRA industry. Investors can be sure that their investment is safe when it's held at this facility.

Investors who want to be walked through a gold IRA setup process may appreciate MG's services. They streamline the process so that the custodian and depository work as one entity.

Activating a Gold IRA

Setting up a gold IRA takes longer than a traditional IRA. Once it's up and running, investors can add to it with the custodian's assistance. Initially, the gold IRA must be opened. Call MG, and their representative works with GoldStar on account activation.

Before buying any precious metals, the gold IRA must be funded. Investors typically roll over funds from a 401(k) or established IRA for this step. A rollover can be in nearly any amount the investor desires. The gold IRA custodian can work with the investor's administrator to facilitate the financial move.

These funds are now ready to be converted into precious metals. Investors work with MG to select IRA-approved products. With the transaction complete, the precious metals ship from the dealer and over to the depository.

Investors receive paperwork on the purchase details and a tracking number. They'll be able to see the products moving from one location to another. The depository will officially receive and secure the products too. At this facility, the precious metals remain under lock and key until the investor retires. 

Investors may take withdrawals from the gold IRA after age 59-1/2. The precious metals can be liquidated, or investors may want to physically possess the products. This choice is often made when precious metals are passed down through the generations.

Sizing Up MG's Product Line

Under MG's "Precious Metals" tab, investors will find a subcategory called "Investment Products." This page offers a long list of products further categorized into precious metals types. Gold, silver, platinum, and palladium products appear with clear images and reverse views available as investors move their cursor over them.

There are only basic descriptions of each product on this page, however, and they don't have clickable links. Investors who want more information about each item may need to search online for third-party descriptions or call MG directly. 

MG's website has a layout that encourages a call to their experts. As a result, this lack of product information may turn some investors off. Thorough descriptions tell investors that these products are worth the money.

Selecting IRA-Approved Products

Beginning investors may be frustrated with MG's website because they don't clearly distinguish between IRA-approved products and precious metals for private collections. MG does have a "Choosing the Right Investment Metals" page, which covers some details about IRA-approved items. However, the specific products are lost in a large paragraph.

Generally, IRA-approved products include the American Gold Eagle and Canadian Gold Maple Leaf coins. They must be uncirculated coins sold directly from a dealer or mint and shipped to a depository.

Investors who're unfamiliar with IRA rules might buy the wrong investment metals. MG can improve its site by adding bold categories that are dedicated to only IRA-approved precious metals.

A phone call to MG might clear up any discrepancies about investment-grade precious metals. However, investors shouldn't need to clarify anything if the website is properly categorized.

Selling Back to MG

As investors read over MG's website, they won't find any information about a buyback program. There is no mention of this service. If investors are interested in selling precious metals back to a dealer, they might call MG about this possibility. As a dealer, MG doesn't have to provide this service. Many other dealers do advertise it, however, because it's a feature that's appreciated by investors.