This Monetary Metals review will give a background on the company, what investment opportunities they offer, advantages and disadvantages, etc.
Monetary Metals is a platform that allows investors to earn profit on their gold and silver holdings. This works through renting the metals out to firms, which in turn use them for production.
Monetary Metals provides an alternative investing strategy in contrast to conventional options like ETFs and bullion, which have management and vault expenses.
In its capacity as a financial marketplace, it enables investors to rent out their gold and silver to refiners, miners, jewelers and the likes. Businesses can finance their operations with this leasing structure without having to worry about the fluctuations in gold prices.
Physical gold or silver is given to investors as interest payments, which can yield larger returns than only the metals’ price growth.
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Monetary Metals Investment
Through Monetary Metals, investors can participate in gold leases and bonds, with rates varying based on market conditions from 2% to 5% for leases and up to 19% for bonds.
You can invest in physical gold and silver through the leasing scheme, and the income you earn is paid in more ounces of these metals, which you can use to fund other lease avenues. You can compound your gold and silver over time with this approach.
While some leases pay interest every quarter, the majority pay interest per month. Interest is usually paid directly into your account in the same kind of metal.
Who can invest?
Anyone can participate in Monetary Metals leasing. However, only accredited investors can access gold bonds.
Investment Minimum and Fees
Smaller investors may find it difficult to meet Monetary Metals’ minimum asking of 10 ounces of gold or 1,000 ounces of silver.
Investors can keep a larger portion of their profits with the platform since it does not charge storage or maintenance costs vs traditional precious metal investments. Moreover, storage and insurance costs are waived.
Instead, the businesses renting the metals pay a 2% fee to the site.
Monetary Metals performs extensive due diligence on companies leasing the metals and keeps a close eye on these leases’ performance to guarantee the security of investors’ financial investments.
How to Open Monetary Metals Account
- Select the account type that you want to create.
- Upload a legitimate government-issued ID and complete your financial profile.
- Choose a funding strategy for your account.
- Examine the details you submitted, then sign the account documentation.
- Once the funding process is finished, you will receive an account number and instructions for logging in online.
You may finish the entire process in around ten minutes online.
So, you’ll need the ff:
- If you are a US citizen, present a photo ID; if you are not, you might need to present two copies of your ID.
- a W-9 form (or, for foreign account holders, a W8BEN or W8BEN-E)
- filled out escrow account agreement for storage
Monetary Metals Withdrawals
Customers may seek a partial or complete withdrawal of any metal that isn’t leased at any moment by filling out a one-page form. Metal can be transferred to a separate storage account, traded for cash, or redeemed for physical delivery.
Before metal that is leased can be withdrawn, the lease must first terminate.
Is Monetary Metals legit?
For investors hoping to increase the value of their gold and silver assets, Monetary Metals is regarded as a reliable platform.
The business has a mechanism in place to track and keep an eye on the metals that are rented.
The businesses leasing the metals are subject to due diligence as well, and a dedicated staff is in place to guarantee compliance and performance. This augments the investment security.
Interestingly, Monetary Metals has maintained its credibility since its founding by not reporting any defaults or late payments so far.
Pros and Cons of Monetary Metals
Monetary Metals Advantages
- Offers a special opportunity in the precious metals market is that investors can earn interest on the gold and silver they own.
- Total returns are improved by doing away with vault and management costs.
- Investor trust is bolstered by the company’s assertion of a flawless record devoid of defaults or late lease payments since its 2012 rollout.
Monetary Metals Disadvantages
- The significant minimum investment amount can discourage retail investors.
- Since this is a fairly recent investment strategy, there isn’t much historical data available to evaluate the risks and long-term viability of these investments.
- Few people are familiar with the idea of leasing precious metals, which could provide difficulties for prospective investors.
Bottom Line
Monetary Metals garnered positive reviews from clients. It has multiple testimonials complimenting its services and the returns produced by its leasing schemes. It also has an A+ rating from the Better Business Bureau.
The platform’s dependability and openness have been highlighted by investors’ positive experiences.
The platform provides special investing options, but prospective investors should understand that there are dangers associated with it, such as market risks and the potential for gold loss. Since this investment approach is still relatively new, it’s too early to tell how it will perform under different economic circumstances.
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