Noble Gold Review
Are you interested in making your retirement portfolio more diverse? Do you want to invest in materials that won't be affected by the stock market or the real estate market? A precious metals IRA might be a good choice.
Noble Gold is an investment firm that's built around precious metals IRAs. Though the company was only formed in 2017, both of the founders have more than 25 years of experience in the financial and precious metals industries.
Since forming, the company has become one of the forerunning competitors in the gold IRA sector. Their performance outshines some players who have been in the market for up to two decades.
But how do you know whether the company's services are right for you? We've taken a look at what they offer and who they serve. This is the most important information you need to know.
The History of Noble Gold
Noble Gold is a relative newcomer in the world of precious metals IRA firms, having been founded in 2017. The company was conceptualized and launched by a pair of cofounders with lifelong careers in financial services. These friends wanted to change the gold IRA industry by offering transparent services and materials other companies don't.
The company was started because the founders noticed that the precious metals industry had a lot of corruption, lack of transparency, and serious profiteering going on. Companies were trying to sell their products and push risky investments without caring about the futures of their clients.
The goal of the founders was to give people an honest, transparent option for creating a gold IRA account.
As such, one of the key principles of the company is that they don't push clients into making purchases or buying unnecessary services. They focus on education instead, explaining the potential benefits and risks of an investment to each client. From there, clients can make their decisions independently.
Both of the founders prioritize financial strategies that allow for long-term growth with balanced investments. They emphasize that this is a more secure choice for your future than trying to guess what short-term market fluctuations will yield the most cash.
Since they used to work as financial services officials, the founders have significant experience explaining investment options and risks to clients. They bring all of that expertise to Noble Gold.
Services Offered
Noble Gold has several options for your investment opportunities. You can create a gold IRA account, silver IRA account, or purchase precious metals with cash.
Each service is optimized for a different group of people. Some individuals may choose to create both a gold and silver IRA, as a balanced portfolio of gold and silver has unique opportunities for growth.
Gold Accounts
When you open a self-directed IRA account, you have the option to invest in a variety of different materials. The IRS has approved the use of gold as a retirement investment. Your gold purchases will need to comply with IRS regulations and be stored in an approved depository.
That's where Noble Gold makes things easier. They provide a selection of gold products that meet IRS specifications. The company's experts can explain the differences between products and help you decide which are right for you.
Gold IRA accounts are kept in secure depositories. You will need a legal custodian who takes care of the account, and you'll need to pay storage fees. Noble Gold works with depositories in Delaware and Texas. You can choose the depository depending on your location.
Gold is a popular option to secure your investment funds because the value increases with inflation. This means that you keep the initial value of your investment instead of having the dollars lose their worth over time.
In addition, gold is a helpful addition to a retirement portfolio because of how it correlates to the stock market. The stock market is highly unpredictable, while the price of gold is relatively stable. But when the stock market crashes, the value of gold tends to go up.
Gold has been considered a reliable investment for centuries. It's one of the most coveted precious metals in the world. Keep in mind that your investment is not risk free, so there's a chance that your gold might lose its value by the time you're ready to sell.
Silver Accounts
Silver IRA accounts function exactly the same as gold ones. They involve investment in IRS-approved silver bullion and coins. Like gold, silver must be stored in an accredited facility and watched over by a custodian.
Noble Gold uses the same Delaware and Texas depositories for both silver and gold. If you decide to invest in a combination of both metals, you can hold them in the same self-directed IRA account. This makes it easier to access the materials, and it means you don't have to pay extra custodial or storage fees.
The value of silver is more likely to fluctuate with market demand than gold. Most major manufacturers need silver to create items like televisions, phones, and computers. The electronics sector would collapse without silver. As the metal becomes more scarce, the value is projected to increase.
With that said, silver is also a riskier investment than gold. Since the metal's value is tied to consumer demand, it might lose its value as well. For example, if manufacturing moved to a non-silver solution for different electronic components, the need for silver might become obsolete.
Noble Gold often encourages people who want a balanced profile to invest in both silver and gold. The gold investment tends to be more stable, while the silver is a risk that can lead to more dramatic growth.
Survival Packs
Noble Gold's "survival packs" are a unique feature in this industry. They are designed differently from normal investments. Instead of being an addition to a growth-based investment portfolio, the survival packs are built for emergencies.
Imagine there's been a disaster or another emergency, and you don't have any liquid funds to handle it. The survival pack is made up of precious metals that you can quickly sell for cash. Instead of being a growth-based investment, it's a way of giving you and your family some layer of security.
Each survival pack is outfitted with a combination of hand-selected precious metals. Some people choose to store the packs in their homes for easy access, but this is unwise unless you have an excellent security system. Storing the pack in a remote area makes it less likely to be stolen.
There are different "tiers" of survival pack, all of which are based on the monetary investment. Higher tiers have more expensive precious metals.
Fees and Minimum Investments
As with most investment companies, Noble Gold has a minimum threshold for opening an account. However, their minimum is significantly less than other industry competitors. That makes their services accessible to people who can't reach the required minimums of other accredited companies.
If you don't have much in your existing retirement account, you don't need to worry. For setting up both gold and silver IRAs, all you need is 2,000 dollars. The minimum investment for the lowest survival pack tier is 5,000 dollars.
With an IRA account managed by Noble Gold, you can expect to pay 225 dollars in annual fees. Survival packs are one-time purchases that don't have any additional fees included. However, if you choose to store them in a secure depository, you might need to pay storage fees.
Types of Precious Metals Available
The company offers all four precious metals approved for use in IRA accounts: palladium, silver, platinum, and gold. There are multiple coins and bullion bars that you can invest in.
There are gold coins from the US, Canada, the UK, Australia, Austria, and other nations. You can also purchase gold bars in an ounce or kilo weight. A four-piece set of American Eagle coins is available with a special display case included.
There are silver coins from all the same countries as the gold category. In addition, you can purchase certain rare silver dollars and other vintage silver coins. It's possible to purchase bars in one ounce, ten ounce, and one hundred ounce sizes. For casual investments, you can get non-regulation silver coins for cheaper prices.
Platinum options are more limited. If you want to invest in platinum, your choices include:
Unfortunately, there aren't any overseas or vintage coin options available in platinum.
Palladium options are even rarer. If you want coins, you can get a Canadian Maple Leaf minted in palladium. Otherwise, your sole option is to invest in one-ounce palladium bullion bars.
Noble Gold also sells rare coins and historical coins. The options available will vary depending on available inventory. Some rare coins can't be restocked when they sell out.
It's also important to note that rare coins do not count on the IRS guidelines for precious metal IRAs. You cannot invest your retirement funds in a set of rare coins. If you do choose to invest in these, it will need to be as a normal non-retirement transaction.
You'll need to check the rare coins page on Noble Gold's website to see their current offerings. Some examples of past coins include:
There are a lot of brokerages and gold IRA firms that only sell gold and sometimes silver. The robust offerings from Noble Gold are great for people who want a broad selection of materials to choose from.
People Who Can Benefit from Noble Gold's Services
Maybe you're researching different gold IRA firms to decide which one suits you best. It helps to know what kind of clients Noble Gold works best for. If you're thinking about purchasing precious metals or opening a self-directed IRA, there are a few reasons that Noble Gold might appeal.
People Who Don't Want "Upsells"
It's the oldest marketing trick in the book: The client walks in the door, asks about a product, and is suddenly recommended five more expensive products to go alongside. Plenty of gold IRA firms do this to try to maximize your investment.
Noble Gold has a policy against upselling. The staff don't try to convince you to buy items that aren't necessary.
In fact, your first conversation with the company won't even be about how you should invest. It will be a chance for the specialist to get familiar with your situation and your goals. They will then give you their thoughts on whether a precious metals investment would be right for you.
At the same time, the specialist will tell you about the risks of potential investments. They will find out how much risk you can tolerate. If you have questions, they can explain anything you want to know about IRA accounts, retirement portfolios, financial planning, and the precious metals industry.
People Without Mass Disposable Income
Many of the highest rated gold IRA companies only work with people who can invest tens of thousands of dollars. If you've been building your retirement portfolio for years, that might not be a problem. But if you're a young person, new to investing, or otherwise financially struggling, it's much more difficult.
To invest with Noble Gold, you will still need to have 2,000 dollars to purchase precious metals. But this is a significantly lower barrier for entry than other minimums. Noble Gold is one of the only reputable gold IRA companies we've found that has such a low minimum investment range.
In fact, Noble Gold was built to cater to those without a strong financial background. If you don't know much about investing, the experts are there to teach you. The founders wanted people without huge amounts of capital to be able to access trustworthy IRA advice as well.
People Who Want Material Security
Maybe you do have extra disposable income or a large sum sitting in your savings account. If that's the case, you might be able to invest in a survival pack. The survival packs provide much-needed peace of mind to people who are worried about potential catastrophe.
You might be worried about cybersecurity and the fragility of online banking. You might be worried about accessing your funds if a natural disaster knocks out all power and cell service. You might be worried about the possibility of an economic crash having a devastating impact on your household income.
There are a lot of reasons that people feel anxiety about their financial futures. So the survival packs help you get through an emergency.
If you do decide to invest in a survival pack, it's important to store it securely. Some people might want to have it at home so it can be accessed during a potential natural disaster. This will leave the pack vulnerable to theft and damage, so it's important to have state-of-the-art security systems in place.
The most secure choice is to store the metals in a depository or bank deposit box. Since the investment isn't tied to your retirement, you don't need to comply with any IRS guidelines for storage.
If your family is faced with an emergency, you can quickly sell the precious metals in your survival pack. This ability to get liquid cash fast can help you feel prepared for whatever the future might hold.
Company Reputation and Reviews
Noble Gold has glowing reviews across many different sites.
The Better Business Bureau gives the company the highest possible rating of A+. This indicates that they have trustworthy services, are financially stable, and have operated for long enough to be established in the industry.
Consumer Affairs gives the company 5 out of 5 stars. So does TrustLink. Both of these watchdogs get their star ratings by compiling the feedback of dozens of actual customers.
People consistently note how helpful the customer service experts are. While some individuals noted that the IRA rollover paperwork was complicated, they also said that their customer service reps simplified the process. The reps also answered every question and eased any worries the client had.
Other people have praised the low minimum investment threshold. They hadn't had enough capital to invest with a well-established company, and this was the first company that didn't seem like a scam.
With most retirement account setups, your initial IRA custodian won't be able to take over your gold IRA. Self-directed IRA accounts have different regulations and require specialized experts. But even some people who could keep their old IRA custodian switched to Noble Gold instead. None of them regretted it.
Features That Stand Out
Noble Gold has several features that set it apart from popular competitors.
As mentioned, they have the lowest minimum amount for investment in the industry. The next most inexpensive option, Regal Assets, requires you to invest at least 5,000 dollars. Noble Gold's minimum is less than half of that.
The rollover process is also significantly easier with Noble Gold than with other companies. The specialists streamline the process and take care of all of the technicalities and bureaucracy. Though you'll need to talk on the phone, most of the rollover process is finished in just ten minutes.
Other companies have more difficult rollover processes. It's common for you to have to fill out PDFs with all of your information. This application can be overwhelming to put together, so settling everything on the phone is much easier by comparison.
The company's customer service is on part with other top industry competitors. When compared to companies with similar minimum investment thresholds, the customer service is worlds above and beyond. It helps that Noble Gold focuses on educating clients instead of scamming them into unnecessary investments.
Some people find the age of the company to be a drawback, since it was only founded in 2017. But the rapid growth and industry establishment is extremely impressive. In just a few years, the business has satisfied hundreds of people, brought a transparent gold IRA option to lower income households, and been given top marks by multiple consumer watchdogs.
In addition, you have to take the previous experience of the founders into account. Both of them have the expertise of long careers in financial services. They understand what they're talking about, and they created the company to serve an ethical purpose.
Getting Started
Before you settle on the company, you might want to look at the free educational resources on their website. These include articles, blog posts, and even a free eBook that teaches you about gold IRAs.
Once you know you want to invest, you can apply online. It doesn't take more than ten minutes to fill out the initial application.
These are the steps:
That might feel like a lot of information to give at once. But as long as you have all of the data on hand, inputting it doesn't take long. The platform has a very user friendly design that makes navigating between pages of the application easy.
Final Thoughts
Noble Gold is a trustworthy company that has built enough industry trust to compete with the oldest firms in just a few years. The founders want to make gold IRAs accessible to everyone.
With a minimum investment of just 2,000 dollars, this option is much easier for financial newbies to use. You can also invest in survival packs to give yourself peace of mind in case of future emergencies.