Updated August 28, 2022

Noble Gold Review

Read more about Noble Gold
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Noble Gold is a relatively new precious metals IRA provider. Is it right for you? How high are the fees? Is it safe? Read on to find out.

5-point scale (the higher, the better)

Pros and Cons

  • Good buyback program
  • Gold Survival Packs
  • A+ BBB rating
  • High transaction fees

Bottom Line

Reputable Gold IRA, but with higher transaction fees

Precious metals IRAs are a good way to diversify your portfolio.

The price of gold doesn't correlate to the stock market. So it's possible that when stocks are down, gold will be up.

When it's time to withdraw from your retirement accounts, precious metals can better protect you.

This is why many people invest in a precious metals IRA at Noble Gold. But they're not the only reputable precious metals IRA provider.

What are their fees? What's the minimum investment? Are they legit?

Read this in-depth Noble Gold review to learn everything you need to know.

What is Noble Gold?

Noble Gold is a precious metals IRA provider offering both Gold and Silver IRAs. You can also buy a range of gold, silver, platinum, and palladium.

The company is the new kid on the block. It was founded in 2017 by President and CEO Collin Plume and Charles Thorngren.

But they are partnered with an established IRA custodian, Equity Trust. Plus, your gold is stored in a secure facility thanks to Noble Gold's partnership with IDS (International Depository Services), in Texas or Delaware.

For investors who want to take possession of their gold and silver, Noble Gold offers shipping services complete with insurance and discreet packaging.

Not an expert in precious metals investing? Noble Gold provides various educational tools to help you bridge the gap. It's a small company, so you can reach their customer service team, who will answer all your questions and lead you smoothly through the process.

Noble Gold Features

Now that we've taken a quick look at what Noble Gold is and what they do, let's dig into the details of each of their offerings.

Gold IRA

The Gold IRA from Noble Gold allows users to invest in physical gold for their retirement on a tax-advantaged basis.

Since government regulations require that gold in a precious metals IRA reach certain purity standards, gold in a Noble Gold IRA will be .9950 (24 karats) pure.

There are other requirements for gold coins and gold bullion, such as certificates of authenticity with proof coins and bullion that is uncirculated.

Meeting these requirements can be tricky when buying gold coins on your own, which is why Noble Gold has streamlined the process. They offer gold coins and bullion directly, so you can avoid the challenge and risk of trying to fund your Gold IRA on your own.

Want to buy your own gold? JM Bullion is one of the most popular and reputable gold dealers. You can read the full JM Bullion review for more.

Noble Gold IRAs can either be Roth or Traditional IRAs.

For those interested in learning more about gold and gold IRAs, Noble Gold provides a range of helpful educational resources that help potential buyers understand its value as an investment.

As they mention on their site, gold can be used not just as an investment vehicle but in treating disease, producing computer hardware, and more. And since gold is used as a currency worldwide, it may hold value better than dollars when crossing borders.

Silver IRA

Noble Gold's Silver IRA works much the same way as their Gold IRA, allowing investors to secure physical silver for their retirement.

They offer both Traditional and Roth IRAs. You can either invest with pre-tax dollars and only pay taxes when you take distributions from your account. Or pay with post-tax dollars and withdraw from your IRA tax-free.

Like gold, there are purity standards for silver in a precious metals IRA. IRA-approved silver must be at least .999% pure. Proof coins must come with a certificate of authenticity, bullion must be uncirculated, and approved refiners should manufacture bullion bars.

FINRA recommends researching the background of any coin dealer that you buy from. Even though Noble Gold was founded in 2017, it has earned 5 out of 5 stars at the Better Business Bureau.

Suppose you're unsure about whether silver is a good investment. In that case, Noble Gold provides a range of educational materials to help customers better understand the value of silver and its potential for growth over the longer term.

As their website notes, silver has a limited supply, which is less than the demand. Silver has a range of potential uses that make it valuable, including developing renewable energy.

And since the value of silver isn't tied to the success or failure of any particular company, as an investor, you won't be exposed to counterparty risk.

Precious Metals Storage

Owning gold, silver, or other precious metals doesn't mean much if you can't keep them safe. And besides, the government has strict regulations regarding storing assets in a precious metals IRA like the ones offered by Noble Gold.

Noble Gold has partnered with International Depository Services, or IDS, to provide secure storage out of Texas or Delaware.

You can't keep your IRA-approved gold or silver at home, but by storing it with IDS, you can visit the storage facility to see it whenever you wish.

Buy Precious Metals Directly

Whether you want to open a precious metals IRA or not, Noble Gold is a reputable source for buying high-quality gold, silver, and other precious metals.

Some of their offerings include:

  • 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

Shipping and Insurance
For those looking to purchase precious metals from Noble Gold outside of a precious metals IRA, the question remains of how to get them to you safely.

The answer to that question is through the home delivery service provided by Noble Gold. Your coins will be shipped in a plain package. Your order is fully insured until you sign for your delivery.

Buyback Program

Noble Gold offers a "no qualms buyback program." They will buy back your precious metals if you need to sell your gold, no questions asked. You don't need to look for your own buyers.

This can be particularly valuable when it comes time to take distributions on your IRA.

Home Delivery and Survival Packs

Noble Gold gives you the option to store your gold and other precious metals at home. This lets you keep precious metals on hand if anything happens and you need cash fast.

They also sell convenient, pre-created Royal Survival Packs ranging from $10,000 to $500,000.[1] You'll get a mix of hand-picked coins that you can sell quickly in case of emergencies.

You can pick the pack best for your needs. $10,000 is good to keep on hand for minor emergencies. While $100,000 or more will protect you and your family in case of longer disasters.

Fees to Look Out for

When considering an account for your retirement, it's important to ensure the fees are worth the value the account provides. We spoke to a Noble Gold representative to get their most current fees.[2]

Setup Fee: $80
Annual Fee: $250
Minimum Investment: $20,000

Noble Gold vs. Competitors

Now that we've taken an in-depth look at Noble Gold's features and fees, let's see how they stack up against some of their most widely used competitors in the precious metals IRA industry.

Noble Gold vs Augusta Precious Metals

Augusta Precious Metals is another gold IRA provider offering many of the same services as Noble Gold. However, there are some differences.

One difference between the two providers is the minimum investment. Noble Gold's minimum is $20,000, while Augusta has a much steeper minimum at $50,000.

Augusta has a much lower transaction fee of 5%,[3] compared to Noble Gold's high markup.

Noble Gold vs Patriot Gold Group

Patriot Gold Group offers precious metals IRAs with a minimum investment of $50,000. They offer the same four metals (gold, silver, platinum, and palladium) and comparable fees.

Have a lot of money to invest? One reason to consider Patriot Gold Group over Noble Gold is their No Fee for Life IRA, available to investors who can afford to deposit $100,000 or more.

Patriot Gold Group also has over 50 years of experience in precious metals investment, while Noble Gold was started in 2017.

On the other hand, you might prefer Noble Gold for their customer education, which they've put among the top priorities of their service.

Bottom Line

Noble Gold is a fairly new gold and silver IRA provider offering secure storage of precious metals in Texas and Delaware depositories. They stand out from their competitors, thanks to their focus on education.

You might get more value from another provider if you have a large amount to invest when you start. Or if you want international storage or want a provider with a longer track record.

References

  1. ^ Noble Gold. Royal survival packs, Retrieved 8/19/2022
  2. ^ Noble Gold. What are the fees for my new Gold IRA?, Retrieved 8/19/2022
  3. ^ Augusta Precious Metals. Augusta's Transaction Agreement, Retrieved 8/19/2022
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Augusta Precious Metals

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Jeremy Harshman is a creative assistant at CreditDonkey, a personal finance comparison and reviews website. Write to Jeremy Harshman at jeremy.harshman@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

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