Scott R. Hillford
Author & Founder Gold Is Money 2
Disclaimer: Some or all of the companies reported here may provide compensation to us, at no cost to our readers. This is how we keep our reporting free for readers. Compensation and detailed analysis are what determines how companies appear on this website.
Precious metals are a proven strategy when diversifying your portfolio as a safeguard against inflation and/or market volatility. Among precious metals IRA companies, no single company commands more widespread familiarity and respect than U.S. Money Reserve.
Their standout customer service, experience, expert guidance, and timeliness continue to attract new clients while keeping current clients satisfied. In this review, we take a look at U.S. Money Reserve, the services it offers, its signup process, and more.
Prior reading further, it is important to acknowledge that investing your savings is a not easy. When it comes to incorporating precious metals into your investment portfolio, how can you tell which companies are reliable?
After devoting extensive time and effort, we have conducted thorough research within the precious metals industry and compiled a selection of the most trustworthy companies.
Take a moment to read our list and determine if US Money Reserve has what it takes to make the list this year!
This lets you to quickly compare the leading companies in this field and select the one that aligns with your specific requirements and investment objectives.
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What is U.S. Money Reserve?
Founded in 2001, U.S. Money Reserve is one of the most well-known, highly respected distributors of government-issued precious metals products.
As of this writing, they are the only American-based precious metals dealer whose leader is a former director of the actual U.S. Mint. On television, legendary game show host Chuck Woolery serves as the company’s celebrity spokesperson.
U.S. Money Reserve’s IRA-eligible stock consists of gold, silver, platinum, and palladium. Their services include bespoke-inspired guidance and customer service at every stage of your investment journey with precious metals. Called Client-Connect Advantage, it entails tiers of tailored service covering:
Prospective and existing customers have access to the wealth of experience in precious metals investing that U.S. Money Reserve publishes freely on the company website. With a click, you can open a company Knowledge Vault.
The vault teems with information, education, and resources such as:
Featured in Forbes magazine and on national news, U.S. Money Reserve delivers personalized service to more than a half million clients. They boast over $1 billion in precious metals shipped.
They use trend-forward data encryption and online or live phone transactions to safeguard your personal info and your metals. They also feature a 30-day buyback commitment.
They have a proven track record of excellence that’s very reassuring to clients. They are a BBB-accredited business with an A+ score and a AAA rating from the Business Consumer Alliance.
How to Open a Gold IRA
U.S. Money Reserve has an easy, transparent process of setting up a gold IRA. They can help you transfer or roll over retirement funds into a tax-advantaged IRA. Once you fund your account, you can start using your retirement funds to invest in gold.
A major advantage U.S. Money Reserve has over the competition is its myIRA Self-Serve web portal. The portal allows you to set up and oversee your gold IRA, track its progress, and indicate when you wish to purchase or sell.
Special signup offers to pop up periodically, like total fee waivers for the first year or a $15,000+ bonus of silver delivered to your door when you open a U.S. Money Reserve gold IRA with a transfer or a rollover.
Transfers involve moving funds from your existing IRA to a gold IRA. A rollover entails transferring funds from one type of retirement account to a different type of retirement account, like a 401(k) to a gold IRA. In nearly all cases, there are no tax penalties or fees when you complete the transfer or the rollover within 60 days.
To get started, you can book an appointment and a free consultation online, open your account online or open your account by toll-free phone number.
Preferred Custodians and Depositories
U.S. Money Reserve’s preferred custodian is Equity Trust. A custodian helps you set up your gold IRA, seeing that you fill out and file all of the necessary tax forms. Equity Trust stands apart from other custodians, being highly respected among leading distributors of government-issued precious metals products.
They excel at providing custodial services for alternative assets. They and the team at U.S. Money Reserve assist you with the creation and maintenance of your gold IRA, a type of self-directed IRA (SDIRA).
U.S. Money Reserve’s preferred depository is A-M Global Logistics. Another industry giant, AMGL is a full-service, secure depository with an IRS-approved storage location in Las Vegas. They boast innovative storage solutions to keep your SDIRA’s precious metals safe.
How to Buy Precious Metals
U.S. Money Reserve’s diverse inventory includes IRA-eligible gold as well as precious metals you can purchase to keep in your own personal storage facility. Precious metals purchased with an IRA can only be held in an IRS-approved depository. Withdrawals made before age 59 1/2 or before your account is 5 years old incur income taxes and penalties.
Shopping on U.S. Money Reserve’s website is straightforward, quick, and simple. Just click on the “SHOP” button in the upper corner of each page on the website. In the online shop, peruse iconic, sought-after coins (bullion and proof) and bars of gold, silver, platinum, and palladium.
The online shop segregates precious metals according to type. Each page layout is crisp and clear, with large, sharp images of the obverse and reverse sides of coins and bars.
Each listed product showcases:
U.S. Money Reserve specifies each IRA-eligible product, removing any guesswork on your part. You can shop for IRA-eligible products and collectibles in the same place. The company accepts payments via credit card and bank wire.
About the U.S. Mint
The U.S. Mint is a government agency responsible for producing and circulating legal tender coins in the United States.
History and Establishment
The U.S. Mint was established by Congress in 1792 with the passage of the Coinage Act. Its creation was motivated by the need for a reliable and consistent coinage system to facilitate commerce and establish a national currency.
Role and Responsibilities
The U.S. Mint's primary role is to manufacture and distribute circulating coins for the United States. It also produces commemorative coins, bullion coins, and other numismatic products for collectors and investors. The Mint operates several facilities across the country, each with specific responsibilities.
The U.S. Mint facilities are equipped with state-of-the-art machinery and technologies to produce high-quality coins. The production process involves multiple stages, including metal blanking, annealing, upsetting, striking, and finishing. Stringent quality control measures are in place to ensure that coins meet specific weight, diameter, and metal composition standards.
The U.S. Mint produces coins that are widely used in daily transactions. These include pennies, nickels, dimes, quarters, half-dollars, and dollar coins. The Mint also plays a crucial role in managing the coin supply to meet the demands of commerce, working closely with the Federal Reserve System.
Commemorative and Bullion Coins
In addition to circulating coins, the U.S. Mint produces commemorative coins that honor significant events, people, or places in American history. These coins are often issued in limited quantities and can be sought after by collectors. The Mint also mints bullion coins, such as the American Eagle and American Buffalo, which are popular among investors seeking to acquire precious metals.
The U.S. Mint offers various numismatic programs that cater to collectors and coin enthusiasts. These programs include limited edition sets, special coin designs, and programs that involve the public in the coin design and production process.
Security and Anti-Counterfeiting Measures
The U.S. Mint takes extensive measures to ensure the integrity and security of the coins it produces. Advanced security features are incorporated into the design and production process to deter counterfeiting. These measures include unique engravings, micro-engraved text, special finishes, and various anti-counterfeiting technologies.
The U.S. Mint's mission is to serve the American public by producing and distributing reliable and secure coins while fostering public trust in the nation's currency system. Its rich history, commitment to quality, and diverse range of numismatic products have made the U.S. Mint an integral part of the country's coinage system.
Why Invest in Gold?
Investors consider gold as an attractive investment option for several reasons. Here are some key points to consider:
Store of Value
Gold has been regarded as a store of value for centuries. It has maintained its purchasing power over time, unlike paper currencies which can be affected by inflation or economic uncertainties. Gold has proven to be a reliable hedge against inflation and currency devaluation, making it an appealing asset for long-term wealth preservation.
Gold provides diversification benefits to an investment portfolio. It has a low correlation with other financial assets like stocks and bonds. When traditional financial markets experience volatility or downturns, gold often exhibits an inverse relationship, acting as a safe haven asset. Including gold in a diversified portfolio can potentially reduce overall risk and enhance overall returns.
Safe Haven Asset:
During times of economic or geopolitical uncertainty, investors tend to flock towards safe haven assets like gold. Gold has a long history of being a reliable store of wealth during turbulent times. Its tangible nature and limited supply make it a sought-after asset when investors seek to safeguard their capital and protect against market volatility.
Gold offers protection against currency fluctuations and financial crises. It has a track record of preserving wealth during times of economic downturns, stock market crashes, or banking system failures. Gold's ability to retain its value over the long term makes it an appealing option for investors concerned about the stability of fiat currencies or potential systemic risks in the financial system.
Unlike fiat currencies, gold supply is limited and cannot be easily increased or manipulated. Gold mining and production processes are time-consuming and costly, which contributes to its scarcity. This limited supply ensures that gold maintains its intrinsic value over time and prevents its value from being eroded by excessive production.
Gold is recognized and accepted worldwide as a valuable asset. It is traded in various markets and can be easily converted into cash or other currencies if needed. This global acceptance and liquidity make gold a highly accessible investment option for investors across different countries and regions.
Frequently Asked Questions
Can I use my retirement funds to invest in precious metals?
Yes, it is possible to invest retirement funds in precious metals through a self-directed Individual Retirement Account (IRA). A self-directed IRA allows investors to diversify their retirement portfolios by including alternative assets like gold, silver, platinum, or palladium.
What is a self-directed IRA?
A self-directed IRA is a retirement account that provides investors with the flexibility to choose a wider range of investment options beyond traditional stocks, bonds, and mutual funds. With a self-directed IRA, investors can allocate a portion of their retirement funds to precious metals, including gold.
What are the benefits of investing in precious metals through a self-directed IRA?
Investing in precious metals through a self-directed IRA offers several advantages. Firstly, it allows for portfolio diversification, as precious metals tend to have a low correlation with traditional financial assets. Secondly, it provides a hedge against inflation and currency devaluation. Additionally, investing in physical gold through an IRA offers the potential for long-term wealth preservation.
Can I physically possess the gold in my IRA?
No, the IRS regulations prohibit physical possession of the gold held in a self-directed IRA. The gold must be held in a secure and approved depository, ensuring the integrity and safety of the investment. This requirement helps maintain the tax-advantaged status of the IRA.
Are there any tax implications associated with investing in precious metals through an IRA?
The tax implications can vary depending on the type of IRA used for investing in precious metals. In the case of a Traditional IRA, contributions are typically made with pre-tax dollars, and withdrawals during retirement are subject to income tax. With a Roth IRA, contributions are made with after-tax dollars, allowing for tax-free withdrawals during retirement, including any gains from the investment in precious metals.
Can I roll over existing retirement funds into a self-directed IRA for investing in precious metals?
Yes, it is possible to roll over funds from an existing retirement account, such as a 401(k) or Traditional IRA, into a self-directed IRA that allows for precious metals investments. This rollover process, known as a direct transfer or trustee-to-trustee transfer, helps avoid tax penalties or early withdrawal fees.
How do I choose a reputable precious metals dealer for my IRA investment?
When selecting a precious metals dealer for IRA investments, it is crucial to conduct thorough research. Look for dealers that are reputable, have a long-standing presence in the industry, and are accredited by professional organizations. It is also essential to review customer reviews, check their policies on storage and delivery, and ensure they comply with IRS regulations for self-directed IRAs.
If investing in gold with an IRA intimidates you, U.S. Money Reserve might be able to help demystify the process. They offer a foolproof setup process, handling all of the paperwork and even connecting you with a reputable custodian and depository. They even have an online portal that allows you to begin setting up your gold IRA online at any time.
New and existing accounts often enjoy valuable financial perks, like zero tax penalties, zero storage/admin fees, and even special discounts based on your method of payment. The company’s careful, competent leadership and seasoned team are there to assist experienced and fledgling investors seeking portfolio diversification with precious metals.
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