Last Updated on February 27, 2023 by George
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Would you like further information on the US Money Reserve? It is a business that calls itself the nation’s largest distributor of US silver, gold, platinum coins, and various other precious metals.
On their website, it is stated that gold market veterans formed this business to offer dependable advice and their in-depth understanding of the industry to potential customers.
According to the business, customers must have top-notch customer service when purchasing precious metals and expert advice.
Before we begin this evaluation:
We know how challenging it is to choose a business you can entrust with your hard-earned savings. To offer you as much data as we can so that you can make the best decision, we produce informative and practical material.
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Regarding the Company’s management, it is said that Philip N. Diehl, a former director of the United States Mint, is in charge.
He is the Company’s president and has some unique experience that benefits this business. Both novice and experienced investors are encouraged by the Company to invest in precious metals.
They claim that investments in precious metals maintain their value throughout a recession.
Additionally, the recent ten-year increase in the cost of precious metals like platinum, gold, and silver has demonstrated that this is an asset class capable of outperforming different other asset classes.
Why Put Gold in Your IRA?
Individual Retirement Accounts (IRAs) safeguard your retirement and your family’s financial stability.
You can save money in these particular tax-sheltered accounts for future usage.
To have a secure and worry-free retirement, it is crucial to invest a sizeable amount of these long-term accounts in stable and strong assets.
Cash in an IRA is possible, but it depreciates quickly, and inflation is out of control.
There is no better asset for this than gold because it is dependable, holds its value over time, and even grows in value.
Uncertainty is at an all-time high as the global economy struggles due to lockdowns, shortages, conflicts, and inflation, and investors are defending themselves by putting physical gold in IRAs.
These economic crises, which have a negative impact on the majority of other assets, benefit investments in gold.
Risk is not taking action to safeguard yourself and your family against economic threats despite being aware of them.
Safety means understanding the risks to your financial future and taking steps to safeguard it. With a Gold IRA, this is simple to do.
How Does it Work?
The business advises contacting their qualified staff if you’re considering purchasing precious metals.
They have over a hundred professionals working for them, including staff members from the shipping department, compliance and standards department, senior gold specialists, and coin research department.
The argument claims that this team has a wealth of knowledge and can guide you in selecting the ideal gold coins and coins made of other precious metals to give you the best value for your money.
You will be given a unique account executive when you invest in precious metals with them, who will ensure that you don’t run into any problems with your purchase.
They advertise that they offer certified gold, platinum, and silver coins and bullion coins produced by the US Mint and have their purity, composition, and weight guaranteed by the US government.
Purchasing precious metals through a self-directed IRA is another benefit of doing business with the US Money Reserve to invest in precious metals.
Using a self-directed IRA, you can have a flexible and secure asset mix in your retirement accounts that shield them from the whims of the currency. It’s a hard asset, too.
A self-directed IRA with precious metals also provides unique tax benefits and protects you from inflation and a declining dollar.
You have three options for funding a self-directed precious metal IRA: a rollover, a transfer, or opening a brand-new account.
To find out which option is ideal for prospective tax liabilities and the simplicity of transferring money in and out, speak with one of their account executives or a financial counselor.
The organization will get in touch with you after setting up and funding your self-directed IRA account to assist you in selecting and purchasing the precious metals you wish for your IRA account.
Additionally, they will make arrangements to secure these precious metals to a depository that has received IRS holding approval.
Additionally, there is a minimum purchase quantity. Rollovers or transfers require a minimum purchase of $25,000, as stated on their website. They have a $6000 minimum purchase requirement on some items for new accounts.
Pricing
The US Money Reserve currently levies a $250 annual fee to maintain a gold IRA account. For some eligible accounts, the setup and storage expenses have been eliminated for the first year.
When it comes to prices, the cost of gold and silver coins is based on the metals’ current market prices.
A 1-ounce American Eagle coin in silver or gold is now available for $38.85 and $2059.76, respectively.
Customer Service
The business gives customers a repurchase guarantee. If customers are not entirely pleased with their order, they have 30 days to return certified coins in their sealed containers for a full refund.
Shipping, handling, and insurance costs are not included in the refund amount.
After the 30-day return period, the buyer will be charged a 20% restocking fee in addition to the original purchase price or the item’s current market value. The business provides safe and quick shipment.
Their customers normally receive all of their products, which are fully insured, in 5 to 7 business days. You can email customer support at [email protected] if you want to contact them.
On their website, they also provide phone numbers for customer care.
Online Reviews and Complaints
The Company’s website lists a number of accreditations and honors. Business Consumer Alliance has given them a AAA rating, an A+ BBB rating, and a 4.36 out of 5 customer satisfaction rating.
Although this is positive, you can find internet complaints from customers who say they either overpaid or didn’t get their coins.
A complaint has also been launched against the business, alleging that it overpriced its commemorative coins and targeted the elderly. In 2010, the Texas Attorney General cited the Company for misleading actions.
Is it Possible to Transfer Funds from 401(k) to a Gold IRA?
It is acceptable. The business helps clients who already have IRAs or 401(k)s roll over money to invest in precious metal IRAs.
Does the Company Charge Any Annual Fees?
They have a $250 annual fee, though the first year’s prices may be exempt for certain purchases.
Which Metals Does the Company Offer?
Products made of gold and silver can be ordered online or over the phone. They also sell government-issued gold, silver, and proof coins along with bars and bullion.
Final Thoughts – US Money Reserve Review
The business asserts that thousands of buyers have used their Company to invest in precious metals.
The business asserts that it tailors its recommendations to each buyer in light of its financial objectives and current portfolio.
It is advised that you consult some independent specialists in addition to the Company’s professionals if you intend to operate with this Company.
You should be aware that many of the Company’s sales, including all bullion sales, are final.
Once you have purchased bullion, you cannot make a return. Before completing the purchase, it is also advised that you independently verify the value of the precious metal.
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