- 20 Oct 2022
- Bonds
- Precious Metals
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Have you been thinking about working with Noble Gold to open a Gold IRA? Are you getting tired of watching the value of your retirement account in the stock market continue to decrease? A Gold IRA offer an amazing opportunity to invest in precious metals and diversify your portfolio while also enjoying the impressive benefits afforded to IRA holders.
Before making a decision about which company to work with, it is always a good idea to do some of your own research. We've compiled the information below to help you learn more about Noble Gold, the services they offer, and their fee structure. This should help you gain a full picture of the company and what you could expect as a customer.
About Noble Gold
Noble Gold was founded in 2016 by Collin Plume and Charles Thorngren. According to Noble Gold's website, the company's mission is to educate their clients so they will be able to make the best investment decisions. They strive to offer honest advice, understanding, and friendliness to each customer.
One of the best ways to learn more about a company is to read the reviews left by past customers. When you check Google, TrustLink, and other similar websites, it is pretty easy to see that most customers were very pleased with their interactions with Noble Gold. They have a lot of positive things to say about the company and their overall experience as a customer.
In addition to these high reviews from past customers, Noble Gold has also earned high ratings from two of the most trusted review organizations, the Better Business Bureau and the Business Consumer Alliance. The BBB has awarded the company an A+ rating, the highest they offer. Noble Gold earned an AA rating from the Business Consumer Alliance, the second-highest rating possible from this organization.
Noble Gold Fees
One benefit of working with Noble Gold is that you will not be charged an initial set-up fee. This is not the case with many other Gold IRA companies, who often charge about $50 for this service. Noble Gold customers will be responsible for paying an $80 annual administration and maintenance fee for this account.
Additionally, since the IRS requires that all precious metals held in an IRA be stored at an approved depository, you will also be responsible for storage fees. Noble Gold charges a $150 annual storage fee. While this may seem more expensive than what some other companies offer, it is important to know that the fee covers segregated storage, while some other companies only offer non-segregated storage. With segregated storage, your precious metals are kept separate from those of other individuals. This helps guarantee that the exact same precious metals you added to the vault are the ones that you withdraw when you're of retirement age.
The fees that Noble Gold charges for administration and storage are flat fees. That means that you'll pay the same fee, regardless of your account size. This can help reduce the total fees for high-value accounts.
Noble Gold has one of the lowest minimum investment amounts of any precious metals provider. They require just a $2,000 minimum investment if buying precious metals directly or a $5,000 minimum for rolling over an existing retirement account into a new gold IRA. When you compare this to the $10,000, $25,000, or even $50,000 minimums of some other companies, it becomes pretty clear that Noble Gold may be one of the best options for those who do not have as much to invest.
Why Work with Noble Gold to Invest in Precious Metals?
If you're not already familiar with all the benefits associated with investing in precious metals, now is the perfect time to learn more about why you'll want to diversify your portfolio by adding some gold, silver, platinum or palladium. First, when you have your wealth invested in different sectors or areas, you'll be less vulnerable in the event of a stock market crash.
Gold and other precious metals are in limited supply. This limited supply helps keep their value up, with more and more individuals looking to invest in precious metals. Individuals across the globe strive to own precious metals, as has been the case for centuries.
Gold's value and popularity make it a pretty safe investment. When you're ready to liquidate and get cash for your bars and coins, the process of finding a buyer should be quite simple.
Gold, silver, and other precious metals also don't come with the potential of bankruptcy. The same cannot be said when you invest in a company on the stock market. Should the company ever go under, what would happen to the value of your investment?
In addition to all of these (and numerous other) benefits of investing in precious metals, there are additional benefits associated with adding them to a retirement account. As is the case with traditional IRAs, Gold IRA holders enjoy a range of tax benefits. These benefits help you maximize your investments and will help you get more money out of your precious metals when you're ready to retire.
Opening a Gold IRA with Noble Gold
A Gold IRA offers a wonderful opportunity for investors. Noble Gold wants to help each of their customers set up a new retirement account where they can benefit from the potential that precious metals have to offer. If you think you're ready to open a Gold IRA with Noble Gold, there are just a few key steps to follow.
The first step is to visit the "Gold IRA" section of the website and click on "Start a Gold IRA Account." From there, the website will direct you to complete the Account Setup Form where you'll enter your personal information and other details to help Noble Gold set up your new account.
After the account setup form is complete, you'll work with a Gold IRA custodian and a member of Noble Gold's team to transfer the funds from your existing retirement account and select coins and bars you'd like to hold in your new Gold IRA.
IRA-Approved Coins and Bars
Now that you understand how opening a Gold IRA with Noble Gold works, let's take a look at some of the coins and bars you can add to your new account. One of the advantages of working with Noble Gold over some other precious metals providers is that you will also be able to invest in platinum and palladium, rather than just gold and silver. This gives you an even greater opportunity to diversify your portfolio.
The IRS has established rules regulating the precious metals that individuals can hold in their retirement account. All coins and bars must meet the minimum purity requirements established by the IRS. These purity levels are: 99.5% pure for gold, 99.9% pure for silver, and 99.95% pure for platinum and palladium.
Below are some of the different gold, silver, platinum, and palladium coins and bars available to Gold IRA account holders through Noble Gold.
Gold
Silver
Platinum
Palladium
IRA Precious Metals Storage
Earlier, we shared that the IRS requires all IRA precious metals to be held in an IRS-approved depository. For this reason, you will not be able to take possession of your metals and store them at home until you reach the IRS's minimum age for retirement (59.5).
As a Noble Gold customer, you'll be able to rest easy knowing that your IRA precious metals are stored with International Depository Services in their Dallas, Texas location. Texas, which is known for its unwavering support for state's rights, is an excellent location to ensure that the precious metals in your account remain safe and secure until you are ready to retire and begin taking disbursements.
Beyond the benefit of having your precious metals stored in Texas, International Depository Services is one of the most trusted names in the storage industry. The company is known for the security measures they put in place to protect the investments of each of their customers.
Closing Words: Noble Gold
As you can see, Noble Gold has a lot to offer. If you're looking to open a Gold IRA, their low account minimums may be an appealing draw. With no account set up fees and reasonable annual fees, Noble Gold can help you add precious metals to your IRA without charging an exorbitant amount in fees. What do you think about Noble Gold? Do they feel like the ideal fit for your Gold IRA needs?