With a record of having maintained and grown its purchasing power for generations, gold is often included in a portfolio as a way to preserve wealth.
A Gallup poll conducted in 2023 found that more than a quarter (26%) of Americans now feel gold is the best long-term investment option.
Some portfolio holders are drawn to gold because of its historical tendency to perform well — and potentially even surge — during volatile periods of social or economic unrest.
Driven in part by elevated geopolitical risks, gold prices rose an estimated 15% in 2023 — hitting a new highest annual close record of $2,078 per ounce, according to the World Gold Council.
Understanding the Ongoing Interest in Precious Metals Assets
U.S. Money Reserve reviews indicate factors such as social conflict may have helped support continued demand for precious metals.
“As our country and the world [seemed] to be in such turmoil, I knew I had to make a different choice with my savings,” portfolio holder Rich says in one of the U.S. Money Reserve reviews available on the Better Business Bureau website. “Gold, I found, is the way to protect it.”
Rich says he looked at three different providers before transitioning his savings into gold through U.S. Money Reserve.
Lawrence L. says he’s glad he called U.S. Money Reserve when transitioning funds from an existing retirement savings account into an individual retirement account (IRA) backed by physical precious metals.
“Transferring my [individual retirement account] was easy, and the company continued checking to make sure I was satisfied,” Lawrence says in a Google review of the company. “I would recommend transferring an IRA [with help from] U.S. Money Reserve.”
In another one of the Better Business Bureau U.S. Money Reserve reviews from customers, Eric L. says he reached out to the company because he was interested in learning about precious metals.
“[They] explained how gold and silver in my portfolio would help anchor my portfolio against the [ups] and downs of the stock market,” Eric says. “I appreciate [the] answers to many questions and the helpful information sent to my home and [email inbox]. A good relationship with U.S. Money Reserve netted my first purchase, and now [I’m] considering another.”
Purchasing Precious Metals
One way to own physical precious metals assets such as gold coins and bars is by holding them in a self-directed IRA, a type of IRA that can also include assets like stocks and bonds.
The Internal Revenue Service (IRS) requires precious metals products in a self-directed IRA to possess a certain purity level. Gold items, for instance, need to possess a fineness of at least 0.995 (the exception to this rule is the Gold American Eagle coin). Silver assets must have a silver content of 0.999 or greater.
After filling out paperwork to set up a self-directed IRA, you can fund it with money from a checking or savings account or by adding funds from a preexisting retirement account. Eligible options include a Roth, SEP, or SIMPLE IRA; 401(k), 403(b), or 457(b); a Thrift Savings Plan account; or a pension plan.
Funds can either be rolled over directly to the new account custodian, or you can choose to withdraw and receive funds from your previous custodian. You’ll then need to deposit them in your new account within 60 days to avoid incurring potential tax penalties.
Portfolio holder Lisa F. received assistance from U.S. Money Reserve when rolling over funds.
“I wasn’t even sure who managed my retirement fund from a previous employer,” she says in one of the U.S. Money Reserve reviews on Google. “[U.S. Money Reserve] not only found the account but [were] able to get all of my funds transferred. Then they helped me understand and [set] up my IRA.”
The precious metals assets you include in an IRA will need to be kept in a recognized financial institution or IRS-approved depository, per the agency’s requirements. U.S. Money Reserve helps coordinate sending the items its customers purchase to an eligible facility that provides secure storage.
“Under the IRS rules, [portfolio holders] cannot store [precious metals products held in an IRA] at home,” says U.S. Money Reserve President Philip N. Diehl, who also served as 35th Director of the U.S. Mint. “That’s a really important fact to understand because there have been precious metals companies that have suggested customers can purchase the gold, take possession of it, and still get the tax benefits of it being part of their IRA — and that’s simply not true. The gold must be stored in a licensed depository.”
How to Find Out More About the Precious Metals Market
U.S. Money Reserve offers informative resources to help educate consumers about precious metals.
Special reports that provide precious metals research and insights are available in the extensive Knowledge Vault on the company’s website, which also features articles from U.S. Money Reserve’s team of industry experts.
In addition to those resources, you can access information about current precious metals prices, noteworthy market news, and videos on topics such as the evolution of U.S. coins.
If you’re ready to start setting up a precious metals-backed IRA, U.S. Money Reserve employs a team of dedicated Account Executives who are available to provide guidance throughout the process.
You can speak with a U.S.-based Account Executive about any questions you might have about purchasing precious metals, the company’s current inventory, and your portfolio goals by calling 1-888-356-7074.
Talking to one of the company’s representatives, according to portfolio holder Eric S., can feel like chatting with a friend or family member.
“They set the bar high in trust, patience, expertise, integrity, pricing, and rapport with their customers,” he says in one of the U.S. Money Reserve reviews that have been shared via the Better Business Bureau website. “I felt comfortable and happy during the whole process, and they always had time to answer all my questions. I recommend [U.S. Money Reserve] to anyone wanting to preserve their financial future.”