- 21 Sep 2021
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Did you come across Monetary Metals during a search to find the best precious metals investment company? Are you wondering whether they are the right choice to help you invest in precious metals, diversify your portfolio, and start planning for retirement?
If so, you're not alone. Many other individuals are searching for the right precious metals investment company to use and are considering Monetary Metals. We put this review together to help you answer the questions you have and learn more about the company so you can determine whether you want to work with them. Keep reading, and we'll share what you want to find out!
Important to mention before we go more in depth with this review!
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What is Monetary Metals
Monetary Metals is different from most other precious metals company. Rather than buying or selling physical precious metals, the company offers a platform to offer investors a yield d on their precious metals. They call this platform the Gold Yield Marketplace.
The company was founded to restore the potential of gold. Gold was once used as currency, but now investors simply hold it in the portfolios. Monetary Metals aims to "unlock the productivity of gold" by making it more useful once again as money. They plan to do by offering gold financing to companies, such as jewelers and refineries, that use gold productively. Investors with Monetary Metals are then paid a yield, helping them make money while also supporting these businesses that use gold productively.
Monetary Metals was founded in 2012 by Keith Weiner. Weiner is also the founder of the Gold Standard Institute USA. He also worked to get laws passed in Arizona in 2017 making gold legal tender.
If you already own gold, you can invest it through Monetary Metals. Simply holding your gold in a safe or a vault won't allow you to maximize your profits. Investing it with Monetary Metals Gold Yield Marketplace, however, can help you earn a yield on your gold and increase your profits.
When you invest through the marketplace, you will earn interest on your gold that is paid by other companies that lease it. This interest in paid in gold, so it can also help you increase your precious metals holdings.
The exact interest rate you'll earn can vary. Since the company has been founded, however, the leases have paid a net interest rate between 2 and 4.5%, with the average right around 3.2%. With these rates, if you invest 100 ounces of gold, after a year you'll yield a total of 103.2 ounces of gold.
The company uses a market-based process to set interests rates. You can set a minimum interest rate that you'll be willing to accept for your metals, which gives you greater control. You'll receive at least this amount, if not more.
In addition to investing gold with Monetary Metals, the company also allows individuals to invest silver. You can increase your earning potential by investing both gold and silver.
Businesses that are looking for financing can work with Monetary Metals to receive the financing they need. The gold lease solutions are designed to offer flexibility and reduce risks to companies that need gold financing. Financing options through Monetary Metals have a lower cost that cash loans or using outside equity. They are more reliable and flexible than unallocated deposits and more scalable than simply using the owner's capital.
Financing options are available for numerous business types that use gold in their business. These companies include gold producers, mints, refineries, bullion dealers, pawn brokers, jewelers, and industrial coin users.
Gold Economics Blog
One of the sections of the website holds the company's gold economics blog. If you are not sure whether investing your gold through the Gold Yield Marketplace is right for you, reading some of the blog articles on the website may be a good idea. These can help you understand more of the benefits associated with working with the company and the potential benefits you'll enjoy.
Some of the most recent blog posts include: "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."
Learn More Through the Gold Exchange Podcast
The Gold Exchange Podcast, which is available for free on the website, can also be a good resource if you'd like to learn more about how investing with gold work. Currently, there are 23 different episodes that cover a wide range of topics. Some of the recent episodes include, "The History Behind the Nixon Shock," "The Debt Reset," "The Truth about the So-Called Silver Squeeze," and "Inflation's Inconvenient Complexities."
Are There Any Red Flags for Monetary Metals?
Now that you've learned a little more about Monetary Metals, let's discuss whether there are any red flags for the company. We searched for reviews for Monetary Metals through the Better Business Bureau, Business Consumer Alliance, TrustLink, and Trustpilot. We were not able to find reviews listed on any of these sites except for TrustLink.
To us, that is a little bit of a red flag. Monetary Metals has been in business since 2012, and the fact that there are very little reviews on four of the most trusted review sites leaves us wondering about how the company treats its customers and the quality of the services it offers.
The good thing is that the 8 reviews so far on TrustLink are all 5 stars. So that is a good sign for sure.
Is Monetary Metals a Scam?
From what we can gather, Monetary Metals does not appear to be a scam company. They have almost 10 years of experience in the precious metals investment industry.
But, as for whether you will want to work with Monetary Metals, we wouldn't advise doing so. As we mentioned above, despite being in business for nearly a decade, it is not easy to find reviews for Monetary Metals online. With other precious metals companies having hundreds or thousands of reviews, choosing to work with Monetary Metals just feels like an unnecessary risk.
Monetary Metals also isn't your typical gold investment company. Rather than being able to purchase physical gold coins or bars, the company is a platform that offers a yield on gold. They work with other companies that use gold in productive ways and aim to make gold useful as money as it once was. This philosophy isn't bad, but investing in physical metals that you can hold is more straightforward and sounds less risky.
So, would we recommend working with Monetary Metals? No, we wouldn't. This company has hardly any reviews online, which leaves too many questions about the service and support they'll offer. They also don't allow traditional investment in gold and silver, as most other precious metals investment companies do.
Rather, you will be leasing precious metals to other companies and potentially earning interest on your lease. This sounds a bit complicated, and may or may not actually pay out as expected. We'd recommend choosing a more traditional precious metals investment company that will help you purchase physical precious metals for an IRA or a personal portfolio.
Although we do think that Monetary Metals is a solid company, we believe that there are better companies out there to make your investment with.
You can get a free gold investment kit from our #1 recommended precious metals investment company above, or you can checkout our top 5 recommended companies below...
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