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As part of this Monetary Metals review, Bear Lake Gold intends to give our opinions of Monetary Metals & Co, their products and services, what makes them unique, and their pros and cons. By the time you have completed reading this review, you should be able to decide if you should invest with them or if you might be better served by dealing with one of our top five recommended IRA and precious metal companies.
We carried out this review using our rigorous review methodology. As part of the process, we talked with individuals online and offline who invested with the company and then the company's employees. Unfortunately, we did not get enough positive responses from these sources. Also, To see these facts, please read until the end of this review.
One of the significant milestones you can achieve in life is investing your money in a stable market. Investing in precious metals and gold IRAs is one of the most secure ways to invest your money into a low-risk savings regime. Investing in the precious metals market is less volatile than investing in cryptocurrencies and the stock market
This review will show whether you should consider investing through Monetary Metals or stick to one of our five recommended companies. Please click on any of the links below to request our five top-rated companies' highly detailed information guides.
Monetary Metals & Co was founded by Keith Weiner in 2012. Currently, the company’s headquarters is located in Arizona, United States.
Keith also founded the popular Gold Standard Institute. Keith Weiner is also responsible for ensuring that the government passed laws that made gold a legal tender in Arizona.
The precious metals company is quite different from other companies in the precious metal industry. The company does not buy or sell precious physical metals and does not offer precious metals IRA services. However, they give benefits to gold investors in the form of yields. Another name for their platform is Gold Yield Marketplace.
When we talked with the company’s management, they told us that the company was founded to bring back the potential of gold.
world today. Monetary Metals & Co. aims to unlock the productivity of gold by restoring the functionality of gold as a currency.”
Monetary Metals & Co offers gold financing to companies that use gold for their production, for example, refineries and jewelers. They use the gold investments of the investors in their custody for the financing.
In return, Money Metals & Co. pays yields to these investors. So, the investors support these gold production companies and also make money from supporting them.
You can invest your gold in Monetary Metals; by doing this you will be paid a yield on the gold you have invested within their marketplace.
In contrast, if you buy precious metals and keep them safe in a vault, you will not make any profit from them. On the contrary, you will pay for storing your gold monthly.
When you invest with Monetary Metals via their marketplace, the companies they lease your gold and silver to will pay you interest. Hence, your gold and silver leases will automatically increase your gold portfolio because your interests will be paid in gold and silver.
The interest rates these companies pay you are not constant. Since the inception of Monetary Metals, they have paid interest rates between 2 to 4.5% to every investor who invests their gold. On average, they pay an interest rate of 3.2%.
The company sets its market rates using processes based on the market price of gold. Gold investors can set the desired minimum interest rate for their precious metals investments. It means that you have more control over your investments. Sometimes, you will get at least the minimum interest rates you set. Other times, you may earn more.
Gold is not the only precious metal you can invest in with Monetary Metals. You can also invest your silver in the company. If you invest your gold and silver in the company, you will increase your earning potential on your silver and gold.
If you have a business that uses precious metals for production, you can partner with Monetary Metals to get your business's financing. The company designs its gold lease solutions to give flexibility and lower the risk for companies that need financing in gold and silver. The financing options that Monetary Metals offer give businesses lower costs compared to cash loans or equities outside.
Monetary Metals is more scalable than just using your capital for business and more flexible and reliable than unallocated deposits. The company has different financial financing options depending on your business. There are different options for producers of gold, refineries, mints, jewelers, bullion dealers, pawn brokers, and users of industrial coins.
Monetary Metals & Co.'s website has a blog section for gold economics. If you have doubts about investing in your precious metals through Monetary Metals' marketplace, spending some time on the articles in their blog section will be a good idea. You might just be convinced when you finish reading them. The articles can aid you in understanding the benefits of investing in this company.
On the company’s blog, some of the posts include such subjects as: "Monetary Metals in Wealth Management, Townhall, Inside Sources, and Barron's," "Is the Gold Standard the Economists' Punching Bag?" and "Top Wealth Management Companies in Arizona."
The company runs a podcast called the Gold Exchange Podcast. You can get this podcast for free on the company's website. From the podcast, you will learn how gold investment works. There are over 20 podcast episodes on the websites that cover various topics. Some of the episodes on the website are: "The History Behind the Nixon Shock," "The Debt Reset," "The Truth about the So-Called Silver Squeeze," "Monetary Policy and the Opinions of the 2024 Presidential Candidate," and "Inflation's Inconvenient Complexities."
Monetary Metals do not have any rating with Better Business Bureau, Business Consumer Alliance, and Trustpilot. However, they have about eight reviews on TrustLink.
For Bear Lake Gold, this lack of review is a red flag based on our review standards. The company's minimal reviews, even after ten years of being in the industry, is something to worry about. From our experiences when reviewing companies, their lack of reviews and ratings could be traced to how the company relates with their clients and the quality of their services.
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4.5 out of 5 stars.
This rating was out of 172 reviews.
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Investing your money can be a difficult decision to make. The competition in the precious metals industry is growing every day. If you want to invest in a precious metals company, you must find an investment company that meets all your needs.
Monetary Metals is a good company, but based on our review standards, we did not include the gold company as one of the best in the industry. The fact that their nature and business model is very different, they have no customer review from any client, do not sell physical gold and silver, do not offer IRA services, and the complex process of gold investment prevented them from ranking among the first thirty recommended IRA companies on our list.
From our discussions with their management team, customer feedback online and offline, and other research sources, they do not match our top five gold IRA and precious metals companies. If you reside in the United States, we strongly suggest investing with one of our top five recommended precious metal dealers mentioned below, especially if you are considering an IRA for your retirement years.
You can request more information directly from our top five picks in the precious metals sector by clicking any of the buttons in the next section below.
Goldco is our number one pick for the best gold IRA provider. They ensure that their prospects and clients get all the information you need to make an informed selection.
The company has various gold, silver, and platinum products for investors. Also, they have an expansive knowledge base covering everything from buying precious metals to setting up your gold IRA.
American Hartford Gold is a company that has been around for over 20 years and is well known and revered in the precious metals industry.
They also offer a wide range of investment alternatives, such as gold, silver, platinum, and palladium.
American Hartford Gold also provides a satisfaction guarantee on all their precious metals products and services, so you can be certain that you're investing wisely.
Since it was established in 2003, Birch Gold has delighted customers and provided excellent customer education. Birch Gold Group’s one-on-one interactions with customers are a fundamental advantage for those who want to make vital decisions impacting their financial future.
Pros
Cons
To start investing with Birch Gold Group, please click this link to download its 2023 gold investment kit for free.
The truth is that Noble Gold has not been around the scene for a long time, but it has, in the shortest time possible, made huge impacts on the gold IRA market. Since its inception, the company has captured customers’ hearts via its vast educational resources gallery, a wide range of investment options, and low investment requirements. The company’s commitment to customer service also has high ratings on third-party rating sites like BCA and Consumer Affairs.
According to the agent we spoke to, Noble Gold gives customers a committed account manager from the first day they decide to open a gold IRA account with it. The knowledgeable professionals will also give the customers all they need to know about how a gold IRA works and the setup process. In addition, they offer a smooth buyback process to their customers.
Noble Gold works with Delaware Depository and Brink’s Global Services to provide storage services for its customers. In addition to these storage companies, Noble Gold owns its depository in Texas. Hence, customers can choose to store their metals in any of these three depositories.
Pros
Cons
To start investing with Noble Gold Investment, please click this link to download its 2023 gold investment kit for free.
Monetary Metals does not sell bullion. They depend on professional institutions in the bullion dealing industry to support their Gold Fixed Income products. Clients can receive bullion from their accounts, but the company is not a bullion dealer. Our recomended Gold and Silver Bullion dealer is Augusta Precious Metals
No, they are two different companies. Money Metals is a bullion dealer that offers clients a wide selection of products. On the other hand, Monetary Metals is an investment company that pays yield to investors for leasing their gold and silver to other companies.
