In an era of economic uncertainty, investors seek refuge in alternative assets to safeguard their wealth and hedge against market volatility.
Among these alternatives, precious metals like gold and silver have long been revered for their intrinsic value and ability to preserve purchasing power.
Established in 2010, Morgan Gold and Silver emerged as a formidable player in the realm of precious metals investment, offering a diverse array of products and services tailored to meet the evolving needs of investors.
With a team of seasoned experts in gold trading, rare coins, and investment planning, the company swiftly carved a niche for itself in the industry.
In this comprehensive review, we embark on a journey to unravel the intricacies of Morgan Gold and Silver, delving into its product offerings, customer service standards, fee structures, reputation, and customer feedback.
By shedding light on these critical aspects, we endeavor to equip investors with the necessary insights to make informed decisions about their precious metals investments with Morgan Gold and Silver.
What are Morgan Gold and Silver?
Morgan Gold and Silver offer a plethora of alternatives to stocks, bonds, and paper assets. The company, which was established in 2010, worked quickly to build a respectable business with experts in several fields.
Today, the staff of Morgan Gold & Silver, are experts in gold trading, rare coins, and investment planning.
Find the Best Rated Gold IRA Company of your State
With a focus on precious metals investing, the company has made a name for itself among people looking to switch their traditional investments to alternative markets. The company has a strong focus on precious metals investing and has built a reputation for itself among investors looking to diversify their portfolios and explore alternative investment options.
People Behind Morgan Gold and Silver
The team at Morgan Gold and Silver may include several experienced professionals. However, the company doesn’t share any leadership information on its website. They used to have experts on board including Ed Moy, the former Director of the U.S. Mint.
They may also work with other industry partners. These include coin dealers and storage providers, to provide a range of services and products to their clients.
However, their lack of transparency regarding their leadership can be quite disappointing for many investors.
Most of the reputed gold IRA companies are completely transparent with consumers regarding their management team. You can check out the best gold IRA firms here.
How to Invest in Morgan Gold IRA?
Investing in a Morgan Gold IRA (Individual Retirement Account) is a process that typically involves several steps.
Here are some general guidelines on how to invest in a Morgan Gold IRA:
- Research Morgan Gold and Silver: Before investing in a Morgan Gold IRA, you should do your research to learn more about the company, its fees, and its investment options. You should review their website, read customer reviews, and consult with a financial advisor to determine whether investing in a Morgan Gold IRA is the right choice for your retirement goals and financial situation.
- Open an IRA account with Morgan Gold and Silver: Once you’ve decided to invest in a Morgan Gold IRA you’ll need to open an account with the company. This process typically involves filling out an application and providing some basic personal and financial information.
- Fund your IRA account: After your account is open, you’ll need to fund it with cash or rollover funds from another retirement account. Morgan Gold and Silver may offer a range of funding options, such as wire transfers or checks.
- Choose your investments: With your IRA account funded, you can now choose the specific gold or other precious metal investments you want to include in your portfolio. Morgan Gold and Silver may offer a range of investment options. Such as gold coins or bars, silver coins or bars, and other precious metal products.
- Manage your investments: Once you’ve chosen your investments, it’s important to stay informed and manage your portfolio over time. Morgan Gold and Silver may offer resources and tools to help you monitor your investments and make informed decisions about buying or selling assets as needed.
However, Morgan and Silver is not the best gold IRA provider. If you’re interested in a precious metals IRA, I suggest going with a more specialized and reputed company.
Morgan Gold and Silver Products
Morgan Gold and Silver offer a variety of products for investors interested in precious metals.
Here are some examples of products that the company offers:
- Gold Coins: A diverse range of gold coins from various countries. Such as American Gold Eagles, Canadian Gold Maple Leafs, and South African Gold Krugerrands, are among the selection of products offered by Morgan Gold and Silver.
- Gold Bars: Morgan Gold and Silver present a range of gold bars from multiple mints and refiners. Their weights vary from 1 gram to 1 kilogram.
- Silver Coins: The company provide silver coin options. This includes American Silver Eagles and Canadian Silver Maple Leafs, among other products.
- Silver Bars: The company offers silver bars from a variety of mints and refiners. They range in weight from 1 ounce to 100 ounces.
- Platinum and Palladium: Morgan Gold and Silver also offer platinum and palladium products, including both coins and bars.
However, if you’re interested in buying gold and silver, I don’t think they are the best option available. There are more specialized and expert companies available in the market, with better product selections. Check them out here.
Morgan Gold and Silver Fees and Charges
The fees and charges involved in buying or selling gold can differ significantly depending on various factors. Including the purity and weight of the gold, market conditions, and the dealer or broker you choose to work with. Some dealers may charge a fixed fee or commission. While others may adjust their prices according to the prevailing gold market rates. Therefore, it is crucial to review the dealer’s fee schedule and associated terms and conditions carefully before making any investment decisions.
To get the best possible value for your investment, you may want to compare prices and services across multiple dealers. Doing so will help you ensure that you are getting the most competitive prices and services available in the market.
Morgan Gold and Silver Reviews and Complaints
Morgan Gold and Silver are not rated, listed, or reviewed in BBB, Ripoff Reports, TrustPilot, and Yellow Pages.
- The company has ratings on Business Consumer Alliance(BCA) with D ratings. They have had 2 complaints registered in the last 3 years.
- Morgan Gold and Silver have 1 star out of 5 stars on Yelp. With only one negative review.
According to Bard V., he transferred his IRA account into gold and silver in 2013. Morgan was responsible for the paperwork and charged me half of the account value for the service. To do so, they sold him silver dollars that were valued at $55 despite the market value being in the mid to low $20 range. He finds their actions reprehensible.
- Morgan Gold and Silver have 4.5 stars ratings out of 5 stars on TrustLink. The ratings are based on 6 reviews by customers.
Customer Reviews:
According to Curtis L., he has recently acquired gold and silver coins from Morgan Gold, with the assistance of their account representative Rick Deiser, who provided excellent service. Despite the small size of his order, he received top-notch treatment and his order was delivered as promised. Based on this positive experience, Curtis L. states that he will unquestionably continue to do business with Morgan Gold in the future.
Robert A. expresses high admiration for the support and professionalism displayed by Morgan Gold, with a special mention of Alex Collins. He affirms that he has not faced any issues and that his orders are fulfilled as requested without any deceitful tactics. He plans to maintain his business relationship with Morgan Gold.
Ray C. describes his experience with Morgan Gold’s Senior Account Representative, Alex Collins, as exceptional. Alex provided guidance and support throughout the process, starting with the rollover of Ray’s 401k into a Gold IRA.
He equipped Ray with all the essential resources and thorough information needed to make a crucial decision.
Following the successful rollover, Alex also helped Ray with a private acquisition and offered valuable insights and recommendations for building a strong portfolio for both himself and his wife. Ray acknowledges Morgan Gold as a top-notch organization with skilled professionals and outstanding customer service.
More Morgan Gold LLC Reviews:
Ron R. reports that he transferred an IRA to purchase gold and silver from Morgan Gold, but he received an insufficient quantity of these precious metals.
Kurt D. expresses that he is a novice in the field of purchasing coins and precious metals. He credits Gary Allen from Morgan Gold for providing him with extensive knowledge and guidance throughout the buying process. Gary thoroughly explained the purchase and educated Kurt about it. Kurt highly recommends Gary Allen and Morgan Gold to anyone who intends to diversify their investment portfolio and invest in gold or silver.
Shawn F. describes his recent experience of rolling over a part of his IRA with Morgan Gold as an effortless process. After contemplating this move for over a year and considering various companies, he decided to choose Morgan Gold due to its straightforward and uncomplicated approach. Gary Allen, who initially contacted him via email, patiently explained the process when Shawn reached out to him.
The entire process turned out to be a breeze, which helped him to overcome his initial apprehension and hesitation about investing in an unfamiliar domain.
Morgan Gold and Silver Lawsuits
UniCourt
American Bullion, Inc filed a Personal Injury-Assault/Battery/Defamation lawsuit against Morgan Gold LLC.
You can get more information here: Morgan Gold lawsuit
Is Morgan Gold Legit? Should You Invest with Them?
Morgan Gold and Silver is a registered precious metals dealer and investment company based in Southern California. The company has been in business since 2010 and has built a reputation among investors looking for alternative investment options.
Pros:
- Impressive product catalog
- Highly experienced
Cons:
- No Better Business Bureau accreditation
- Mixed reviews from customers
While the company is not accredited by the Better Business Bureau and has no BBB rating. It has received both positive and negative mixed reviews from customers on various online review platforms.
Sadly, the company doesn’t share much information about its leadership or its fees. Their lack of transparency indicates they might not be as reliable as they market themselves to be.
Investors take transparency very seriously as most of the leading companies are quite open in this regard. Furthermore, the company doesn’t have a very strong online presence even though they have been operational for over a decade.
Personally, I don’t think Morgan Gold and Silver is the best option available in the market. There are plenty of more specialized and reputed companies in the market.
If you want to invest in precious metals, you should go with a company with a large selection of IRA-eligible products. Furthermore, you should opt for a company that’s transparent with its pricing and fees.
I suggest checking out our top gold IRA providers. There, you can find the top-rated gold IRA company of your state as well.
Have you dealt with Morgan Gold and Silver? How was your experience? Let us know below!