Is the Noble Gold IRA Worth It?

Jeremy BiberdorfBy: Jeremy Biberdorf

March 1, 2023March 1, 2023

Noble Gold

So, you’re looking for a way to diversify your retirement portfolio but want to steer clear of mutual funds: have you considered opening a self-directed IRA instead? If you have—and you wanted to find a way to utilize your physical gold—then you’ve probably heard of Noble Gold!

This company has something else that might interest you: precious metals IRAs! Through Noble Gold, you can set up a self-directed IRA which can then be filled with various metals purchased from Noble Gold.

In this article, we’ll be diving a bit deeper into the topic, covering all of the benefits and drawbacks of investing in a precious metals IRA through Noble Gold. Sounds intriguing? Keep reading!
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What is Noble Gold?

Noble Gold is an interesting precious metals company. While it may not offer the most competitive gold prices around (as the price of gold is constantly changing), it does offer a wide range of products for customers to choose from. Some examples are gold coins, gold bars, silver coins, silver bullion bars, proof coins, and collectors coins like the American Gold Eagle.

One way to use Noble Gold’s services is simply to purchase the gold bullion/silver bullion and have the physical gold shipped to your home. However, if you’re planning on using it for retirement then placing it into one of their precious metals IRAs just makes much more sense.

Self-directed IRAs are unique investment options in the sense that you can pick and choose which asset types—such as real estate or metals—that you’d like to add to them, unlike more traditional options. This gives an investor much more control over where their money is actually invested.

In addition to selling gold coins and other precious metals, this reputable gold and silver dealer also enables its customers to open a self-directed IRA with precious metals investments. Offering these IRAs—-known as precious metals IRAs—is the company’s main service.

At this point, you’re probably wondering about the process (and the costs). The sections below should answer your questions!

How to Open an IRA with Noble Gold

It’s easy to start diversifying your retirement accounts by investing in precious metals IRAs with Noble Gold. To get started, you’ll first need to head over to their website and fill out a signup form. The form will walk you through the entire setup process, putting you in touch with the necessary parties and helping you set up your account.

After the IRA has been created, you can start turning your retirement funds into physical assets by purchasing gold coins, silver bars, and other precious metals from Noble Gold. The main benefit of doing this process is separation from the market. Unlike stocks, metals are relatively independent of the market, making them an excellent hedge against inflation.

The Benefits

Being able to diversify one’s retirement portfolio beyond traditional stocks, bonds, and mutual funds is the main reason why you’d choose to create a precious metals IRA, but why choose a Noble Gold IRA specifically? Well, there are a few reasons you’ll want to stick with this specific company.

Firstly, the minimum investment requirements are reasonable. You’ll only need to make an initial investment of $2,000 (although you can add more later on!).

The transfer of funds is a straightforward process that shouldn’t take too much time to complete, but Noble Gold has plenty of educational materials that you can look over in the meantime.

The few fees you’ll have to pay are extremely affordable. Opening an account is free, although you will have to pay an annual fee of $80. Additionally, you will also be responsible for yearly secure storage fees ($150).

However, you get a lot in return for paying those two fees. Your precious metals will be placed in secure, IRS-approved depositories from International Depository Services. Storing your investments in this type of storage facility ensures your IRA remains IRS-compliant, insured, and safe in a secure depository.

The Drawbacks

As a whole, Noble Gold investments are a great way to diversify your investment portfolios. However, this type of alternative investment does come with a few drawbacks that you should consider.

Just like with the stock market, the premium coins and bars in your self-directed gold IRA won’t be insured by the FDIC (fortunately, your storage fees include insurance!). However, your gold investment isn’t as liquid as stocks are. You will need to sell the physical metals to cash out on your investment(s), which could take a bit of time.

Closing Thoughts

Investing in precious metal IRAs through Noble Gold using physical assets like silver bars or gold coins is an excellent way to protect your future. Since these retirement accounts generally run independently from the market, you won’t suffer severe losses (should the market take a turn for the worse).

Of course, it’s always important to do your own research and consult with your financial advisor before making any big decisions. That said, we think the historical performance of gold (and other precious metals) speaks for itself. People have been using gold to stash their personal fortunes for thousands of years, and many modern investors swear by it as a solid investment.

Is the Noble Gold ira worth it? Considering the simple setup process, low minimum investment requirements, low storage fees, competitive pricing, positive reviews, we sure think so!

Create your own precious metals IRA today by clicking here.

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Jeremy Biberdorf
Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He's a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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