Noble Gold Review: Gold IRAs, Pros & Cons

In 2017, two industry veterans, Collin Plume and Charles Thorngren, joined hands to create a precious metals IRA platform that has brought a new set of eyes to this niche in the investment market.

And since then, Noble Gold has not looked back and has continued to provide its customer’s opportunities to make the best investments!

Why Should you Consider Noble Gold?

Among many reasons for investing in noble gold would be the flexibility and transparency it provides to potential investors. 

  1. Flexibility because it allows you to diversify your pre-existing portfolio, say your retirement plan, into gold or IRA. 
  1. Transparency as it allows you to come in touch with veterans of the market to guide your investment decisions where they can best suit your needs and interests.

Coming to the two points mentioned above – flexibility and diversification of the portfolio – it is interesting to note that noble gold allows you to offer investments on such accounts as certificates of deposits, mutual funds, common stocks, certificates of deposits, and savings accounts, among many other viable options.

Economic State

Another important thing potential investors always need to remember is the economy’s state. 

In the case of noble gold, as you would be investing in precious metals, the economic translucence of the market would be fine as long-term investments tend to overcome economic difficulties such as inflation, amongst other things.

Taxation

Taxation is another important factor that guides the behaviour of potential investors and decisions around whether to enter a particular market. Noble gold allows you to transition your capital into liquid money without the encumbrance laid by government taxation.

Along with all these, converting your assets into gold also holds a certain allure. Gold or bullion has traditionally been associated with wealth that does not get pecked down because of market fluctuations. Amongst these, it is important in various cultural traditions like the Indian, Chinese and Middle Eastern civilisations.

Gold IRAs

An IRA or an Individual Retirement Account is long-term savings account that people can use to save for the future and reap benefits irrespective of the tax rate. Noble Gold can help you set up your self-directed Gold IRAs!

Using Noble Gold For IRAs

To create a Gold IRA with Noble Gold, you will need to follow these steps:

  1. Determine your eligibility: To be eligible for a Gold IRA, you must be at least 59 1/2 and have a Traditional, Rollover, SEP, or SIMPLE IRA.
  1. Choose a Gold IRA custodian: Noble Gold can act as your Gold IRA custodian, providing secure storage for your precious metals and handling all necessary paperwork.
  1. Select your gold and other precious metals: Noble Gold has a wide range of gold and other precious metals, including gold coins, bars, and rounds. You can choose the specific products you want to include in your Gold IRA.
  1. Fund your Gold IRA: You can fund your Gold IRA through a rollover or transfer of existing retirement funds or by contributing to your account.
  1. Complete the necessary paperwork: Noble Gold will provide you with the paperwork to establish your Gold IRA and make your first contribution. You must complete and sign these documents and return them to Noble Gold.
  1. Store your gold: Noble Gold will securely store your gold and other precious metals in an approved depository on your behalf.

Noble Gold can provide expert guidance and support to help you create a Gold IRA and securely hold your precious metals. They can help you navigate the process and ensure that your Gold IRA is properly established and funded.

Why Go For Gold IRAs

Introduced by congress in 1997, its potential exponentially grows in conjunction with noble gold. This is because noble gold allows you to hold gold assets in the form of bars or coins instead of paper currency. 

The financial crisis laid bare the instability of the economic system in the US. This was a difficult time for investors – both potential and experienced – and both sets of investors saw potential in Gold IRAs. 

An important advantage of gold IRAs is that it takes away the long-term risks involved with investments in paper assets.  The economic stimulus of the US government doesn’t determine the value of your money but rather a standard that cannot be changed arbitrarily. Thus, you get a safer long-term investment option and something over which you have full control. 

As stated before, investing in gold or silver IRAs ensures that your investment is not affected by economic fluctuations. This is because, traditionally, the way gold is affected by market fluctuations like inflation differs from paper assets.

You can decide where to keep your money. That means you can decide whether you want to keep your money in Montana or Alaska, where the tax rates are substantially lower. You decide who taxes you and at what rate.

Types of Gold IRAs

Gold IRAs can be categorised into three categories 

  1. Traditional
  2. Roth
  3. SEP

Traditional Gold IRA

This is the most common type of Gold IRA. It involves you investing your money into tangible assets like Gold and Silver. Still, the interesting thing is that it allows you to “self-direct” your money into collectables, antiques or real estate.

The important thing about traditional gold IRAs is that it allows you to invest with pre-tax money, money which has not been worked through with the government in any way beforehand. But once the funds are withdrawn for investment, the tax comes into play.

Therefore, if you expect to be in a higher income tax fold after retirement, you should look at different options like ROTH.

Roth Gold IRA

The starting point is the same as traditional Iras – you invest your money into tangible assets, including antiques and real estate – but the point of differentiation lies when the tax is imposed. 

In the case of Roth, you invest post-tax. That means the tax is levied before you put your money in your ira account. As mentioned before, this is a more viable option if you expect to be in a lower income tax bracket post-retirement.

SEP gold IRA 

Usually used by small businesses, a ‘Self Employed Pension IRA’ is an IRA where you invest in tangible assets.  The contributions are pre-tax. 

Now one may ask, what is the advantage of SEP over the other two IRAs? This is because it can drastically reduce the weightage of taxes on your income, as the taxes are levied on your contributions directly.

These are better alternatives for those expecting to be in a lower tax bracket in the future.

IRA-Approved Coins And Bars

Many IRA-approved Coins and bars include gold, silver, palladium and bullion. However, it must be kept in mind that these must be procured from an authorised refiner. 

The percentages of purity for gold, silver and palladium are as follows:

  • Gold – 99.5% purity
  • Silver – 99.9% purity
  • Palladium – 99.99% purity

Along with this proof, coins must have a valid certification, and bullion bars must be manufactured according to their weight specifications. 

Here are some examples of IRS Approved Gold Coins that you can invest in with Noble Gold!

American Gold Eagle Coins

This official gold bullion coin of the United States has been expertly crafted by the United States Mint since 1986 and is available in a range of sizes to suit your needs – choose from 1/10 oz, 1/4 oz, 1/2 oz, or a full ounce of pure gold. 

Canadian Gold Maple Leaf Coins

When it comes to pure gold, few coins can compete with the Canadian Gold Maple Leaf. These serrate-edged coins boast an incredible purity value of 99.9999%. 

The obverse features a stunning engraving of Queen Elizabeth II, while the reverse showcases the iconic Canadian maple leaf. Don’t miss the opportunity to add these pure gold masterpieces to your collection.

Australian Gold Kangaroo Coins

Experience the unique beauty of the Gold Kangaroo Coin, also known as the Australian Nugget. Produced by the Perth Mint in Australia, these pure gold coins are known for their distinctive features that have helped to increase their market value. 

With nine denominations available, ranging from 1/20oz to 1 ton, there’s a Gold Kangaroo Coin to suit every collector’s needs. These denominations vary in weight, dimensions, and face value, ranging from $5 to a whopping $1,000,000. 

Rare Coins And Collectibles

Coin expert John Feigenbaum notes that “if you buy world coins, you understand how civilisation developed”. This is not just an aesthetic notion limited to the crevices of an old Umayyad-era Dinar but can find actual fructification in the modern economy.

The Numismatic Guaranty Corporation (NGC) certifies the historical and cultural value of Noble Gold’s rare coins and collectables. Some examples of these certified items include the Morgan Silver Dollars and the 1854 Kellogg 20-dollar coin.

The popular industry index created by Professional Coin Grading Services reports that the prices of key rare coins have risen by 16% since a year ago.

As written above, the value of these collectable coins usually rises exponentially as time passes. For example, in 2021, a 1993 Double Eagle Gold coin, given the nickname “the holy grail of coins”, sold for 18.9 million dollars at an auction at Sotheby’s.

Precious Metals Storage

Now, you can store precious metals at home or in a bank. People who usually store them at home or, say, dramatically enough, in a safe underground run the risk of either making it too obvious to their family relations about their wealth or they make it too obvious to thieves.

The other option is storing your gold or other valuables in a bank safe. This is a better option as this ensures that in case of a robbery or any other misfortune, you will be compensated by either your bank or your insurer. 

But, safety risks still abound. For example, when travelling and taking your gold to and fro the bank. What is the best alternative, then?

The best alternative would be to use a certified private depository firm like Noble Gold. This has two advantages, apart from the implied advantages you get from a bank.

Firstly, a private depository firm can hold precious metals of any size, whereas depository boxes cannot. Secondly, you can encash your money to earn a substantial profit whenever you deem fit.

Royal Survival Packs

A royal survival pack can be your go-to when calamity strikes. When banks collapse and the value of the paper currency falls, you can resort to a royal survival pack, which includes Noble Gold sending a pack to your home step with the most easily exchangeable metals in the market.

The value of metals, relatively more or less, remains the same, irrespective of the fluctuations in the value of the paper currency. Thus this becomes a feasible and safe alternative to converting your precious metals into something else of value to you.

It is interesting to note that in case of a global disaster, Noble Gold allows survivors to use metals like gold as a medium of exchange while ensuring that the confidentiality and privacy of both parties in the transaction are maintained.

Our Honest Review of Noble Gold

Positive Features

Noble Gold might be a good option if you are considering investing in gold. Here are some reasons why:

First, Noble Gold offers personalised customer service. This can be especially important when investing, as you likely have questions and want to feel confident in your decision. Access to knowledgeable and responsive staff can give you the support you need.

Second, Noble Gold offers secure and reliable storage for your gold. Noble Gold’s secure storage facilities can give you peace of mind if you’re uncomfortable keeping your gold at home or in a safe deposit box.

Third, it’s easy to initiate transactions with Noble Gold. The process is straightforward and efficient whether you’re buying or selling gold.

Fourth, Noble Gold’s global acceptability and reach means you can access your gold anywhere. This can be especially useful if you need to liquidate your gold quickly or want to transfer it to a different location.

Fifth, investing in gold can be a way to protect yourself against inflation. Gold is often seen as a hedge against inflation, as it tends to hold its value over time. By investing in gold through Noble Gold, you can potentially protect your wealth against rising prices.

Finally, gold tends to have relatively stable prices, making it a less volatile investment than stocks or other assets. This can be especially appealing in times of economic uncertainty.

Drawbacks

It is important to remember that there are = some potential drawbacks to using Noble Gold for your gold investment. The firm’s storage and storage fees may be relatively high compared to other brokers. This can cut your returns, especially if you have a large investment.

Another potential issue is convenience. Noble Gold stores its gold in limited locations within the U.S., meaning you might have to travel to these locations to see your gold in person. This could be inconvenient, especially if you don’t live near one of these locations.

Noble Gold vs Competitors

Lear Capital

Lear Capital provides you with Lear Advantage IRA. This self-directed retirement account allows you to invest in precious physical metals, such as gold, silver, and platinum. 

With this account, you’ll receive several helpful resources and benefits to assist you in your investment journey. 

For example, you’ll get a free guide to gold and silver and a free silver coin to help you get started. You’ll also have access to special reports on these metals and real-time pricing information to help you make informed decisions. 

In addition, the Lear Advantage IRA offers a price match guarantee and a 24-hour risk-free purchase guarantee to ensure that you feel confident in your investments. You’ll also receive a free evaluation of any metals you own so that you can make the most of your current assets. 

Birch Gold Group

As a customer of Birch Gold, you’ll have access to one of the nation’s leading dealers of precious physical metals. Founded in 2003, Birch Gold has a long history of helping customers diversify their savings with gold and silver, using a one-on-one approach and avoiding sales gimmicks or pressure. 

The Precious Metals Specialists at Birch Gold are skilled and experienced, and dedicated to educating you about precious metals so you can make the best decisions for your future. 

When you choose Birch Gold, you’ll have the option to purchase precious metals to own and hold in the location of your choice privately.  Alternatively, you can purchase on a tax-deferred basis by transferring funds from an existing IRA or eligible 401(k) into a Precious Metals IRA. 

This allows you to invest in gold and other precious metals as part of your retirement strategy, taking advantage of the potential benefits and diversification that these assets can provide.

Final Verdict

Overall, Noble Gold offers a range of benefits for those looking to invest in gold. While there are also some potential drawbacks to consider, the personalised customer service, secure storage, easy transactions, global reach, protection against inflation, and price stability are all compelling reasons to consider Noble Gold for your gold investment.

Noble gold provides the royal survival pack for conditions of distress. Whenever a natural calamity arises or flux in the market, like the recession in 2008, comes to the fore, noble gold ensures that an individual’s investment does not get embroiled in forces out of their control. Thus, this becomes a very important advantage of noble gold.