Are you considering Noble Gold for your precious metals IRA? Perhaps you are wondering about their fees or how secure it is. Worry not, as this Noble Gold review will provide the answers to all of those questions and more.
What is Noble Gold?
Established in 2017, Noble Gold is a precious metals IRA provider offering both Gold and Silver IRAs with an impressive array of gold, silver, platinum and palladium. Led by President and CEO Collin Plume and Charles Thorngren, despite being the new kid on the block they have already partnered up with well-respected Equity Trust as their custodian to ensure your investments are safeguarded at all times. Furthermore, through Noble’s partnership with IDS (International Depository Services), you can trust that your assets will be securely stored in either Texas or Delaware allowing for ultimate peace of mind for those investing in noble gold.
Are you looking to own your gold and silver? Noble Gold offers shipping services with insurance coverage and discreet packaging. Furthermore, if you are a novice in the precious metals investment realm, this company provides various educational resources that will enable you to gain knowledge without difficulty. As it is a small business, their customer service squad is accessible for inquiries – they will address all your queries and help guide you through the process effortlessly.
Pros and Cons
- Decent buyback program
- Precious Metals Survival Packs
- An A+ BBB rating
- Higher transaction fees than most gold IRA companies
Noble Golds Services
Let’s now delve into the specifics for each of Noble Gold’s services:
Gold IRAs
Noble Gold’s prestigious Gold IRA provides you with the opportunity to invest in physical gold for a retirement plan that is tax-advantaged. To ensure compliance with government standards, all gold included in a Noble Gold IRA will have an unparalleled purity of .9950 (24 karats).
Before buying gold coins or bullion, one must make sure that the items have certificates of authenticity and are uncirculated. This can be an intimidating process for those looking to invest in a Gold IRA on their own. Fortunately, Noble Gold has made it easy: they provide gold coins and bullion directly, eliminating any difficulty associated with self-funding your retirement account.
Noble Gold IRAs offer two options, either Roth or Traditional. For those inquisitive about gold and its associated investments, Noble Gold offers plenty of educational resources to help potential buyers comprehend the advantages of investing in such a precious metal. As indicated on their website, there are numerous uses for gold that go beyond investment – it can be used as medicine, in computer hardware production and more! Plus since most nations accept gold coins as legal tender while traveling abroad, you needn’t worry about currency-exchange issues when crossing borders.
Silver IRAs
Noble Gold’s Silver IRA is highly similar to their Gold IRA, allowing customers the opportunity to safeguard physical silver in preparation for retirement. Both Traditional and Roth IRAs are available; you have the choice of investing with pre-tax dollars, thus only paying taxes when withdrawing from your account or using post-tax dollars and taking distributions tax-free.
For a Precious Metals IRA, silver must adhere to the same purity standards as gold. With an assurance of .999% pureness and certificates of authenticity, only uncirculated bullion and approved refiner-manufactured bars can be included in your IRA investment portfolio.
To safeguard yourself, the Financial Industry Regulatory Authority (FINRA) suggests that you thoroughly investigate any coin dealer prior to making a purchase. Fortunately Noble Gold, established in 2017 and with an impressive 5 out of 5 stars at the Better Business Bureau, has earned their trustworthiness.
If you’re uncertain about silver investments, Noble Gold has a variety of resources to aid customers in understanding the worth and potential for growth that comes with investing in silver. The website points out that there is currently an increased demand due to the limited supply available, which can be useful when it comes to developing renewable energy sources. Additionally, those who invest in silver are not exposed to counter-party risk compared with other types of investment options since its value isn’t tied down by any single company’s success or failure.
Precious Metals IRA Storage
Although possessing gold, silver or other precious metals has its benefits, storing them securely is just as important. That’s why Noble Gold chose to partner with International Depository Services (IDS), based in Texas and Delaware to provide you the safest possible storage for your precious metals IRA assets. Unfortunately, keeping gold or silver at home isn’t an option if it’s meant for a traditional IRA – but by working with IDS, you’ll have access to inspect your precious metals any time that fits into your schedule.
Buying Precious Metals Directly
If you’re thinking about investing in a precious metals IRA or not, Noble Gold has a wide variety of gold, silver and other valuable metals for sale. Here’s what they have on offer:
- American Gold Eagle Coins
- American Gold Eagle Proof Coins
- Canadian Gold Maple Leaf Coins
- Gold bars in a range of sizes
- 5oz America the Beautiful Silver Coins
- 1oz American Silver Eagle Coin
- 1oz Canadian Silver Maple Leaf Coin
- Silver bars in a range of sizes
- American Platinum Eagle Coins
- 1oz Canadian Palladium Maple Leaf Coin
- Collectible coins and more
Insurance and Shipping
For those seeking to acquire precious metals from Noble Gold that are not IRA eligible, they may ask themselves the query of how these valuable items will arrive safely. The reply is through a home delivery service administered by Noble Gold; your coins will be shipped in an inconspicuous package and fully insured until you sign for it at your doorstep.
Noble Golds Buyback Program
Noble Gold provides a superb “no qualms buyback program” that allows you to sell your gold without having to hunt down buyers. It is especially beneficial when it comes time for taking distributions out of your IRA.
At Home Delivery and Precious Metals Survival Packs
Noble Gold offers the possibility to keep your gold and other valuable metals at home, enabling you to access them quickly in times of need. To make it easier for you, they created Royal Survival Packs which are tailored according to the amount that will best suit your needs – from as little as $10,000 all the way up to $500,000. These packs contain hand-selected coins which can easily be sold during emergencies. Whether it’s a minor or major event calling for cash flow help, Noble Gold has got you covered with their customizable offers.
Noble Golds Fees
Before deciding on a retirement account, it’s imperative that you know the fees and determine if they are worth the services offered. We talked with Noble Gold to get their newest fee cost information.
Setup Fee: $80
Annual Fee: $250
Minimum Investment: $20,000
Noble Gold vs its Competitors
Now we’ll explore how Noble Gold’s features and rates compare to some of the top players in the precious metals IRA market.
Noble Gold vs Augusta Precious Metals
If you’re looking for a gold IRA provider, Augusta Precious Metals is an option to consider alongside Noble Gold. Although the two offer many of the same services, there are some discrepancies worth noting. Most significantly, if you’re working with limited funds, then it’s important to take into account that Noble Gold requires a minimum investment of $20k while Augusta demands at least $50k. Additionally, they both have transaction fees however; in this case too Augusta shines through with their affordable 5% fee compared to Noble Gold’s costlier markup rate.
Augusta Precious Metals
Noble Gold vs Goldco
Goldco requires a minimum investment of $25,000 for their precious metal IRAs and features the same four metals (gold, silver, platinum and palladium) as well as competitive fees. Goldco is renowned in this industry with over 17 years of experience while Noble Gold opened its doors only five years ago.
Goldco
Noble Gold Review – The Bottom Line
Noble Gold is a fairly new gold and silver IRA provider that offers safe depository services in Texas and Delaware. What sets them apart from other companies is their emphasis on education, which makes them a great option when you first start investing with a smaller amount of capital. However, if you are looking to invest larger amounts or require international storage options or reliability based off of longer track records, Augusta Precious Metals or Goldco might be better suited for your needs.