Based in Pasadena, California, Noble Gold is a provider of Gold Individual Retirement Accounts (IRAs). In addition to gold IRAs, the company also sells precious metals to individual investors outside of a retirement plan.
This Noble Gold Review takes a look at the ins and outs of the firm’s history, gold IRA set up process, Royal Survival Packs, and several other key topics. Without further ado, let’s jump in.
Noble Gold got its start in 2016 by co-founders Collin Plume and Charles Thorngren; the two have a combined experience of 20 years in the gold market.
Collin Plume is the President and CEO of Noble Gold. Plume’s background is varied, with time spent in the property insurance, commercial real estate, and precious metals investment industries. Before co-founding Noble Gold in 2016, Plume spent more than five years as a broker for a competitor of the company.
Furthermore, as the company’s LinkedIn profile states, its mission is centers around education, service and guidance in the precious metals space, for the purposes of peace of mind and preparation for whatever the future may hold.
Noble Gold Investment Options Offered
The company provides four types of precious metals to its account holders: gold, silver, platinum and palladium.
The cornerstone of Noble Gold’s portfolio of products and services is its gold IRA, which can contain any IRA-approved precious metals the company sells. Customers can open a gold IRA with Noble Gold by making a cash investment or transferring/rolling over an existing retirement account.
Approved gold IRA investments offered by Noble Gold are:
- Bullion American Eagle Coin
- Proof American Eagle Coin
- Canadian Maple Leaf Coin
- Australian Kangaroo Coin
- Australian Philharmonic Coin
- PAMP Suisse Lady Fortuna Bar (seen below)
- PAMP Suisse 100gm Bar
- Perth Mint 10z Bar
- 1 Kilo Bar
In addition to gold IRAs, the company also sells silver IRAs, Bitcoin, and other rare precious metal coins.
Retirement plans and accounts from which Noble Gold accepts transfers and rollovers include:
- Thrift Savings Plan (TSP)
- SIMPLE IRA
- Roth IRA
- SEP IRA
- Traditional IRA
Setting Up an IRA with Noble Gold
Noble Gold customers regularly allude to the ease of setting up a gold IRA with the company. The five-step process is as follows:
Step 1: Open the Account
To open an account, new clients begin by submitting an online form that takes five minutes or less to complete.
Within 24 hours after submitting the form, a Noble Gold representative will call new clients to help complete any additional paperwork and answer questions.
During the call, the client is also assigned a “custodian” for their IRA. Because gold IRAs must be “self-directed IRAs” per the Internal Revenue Service (IRS) tax code, a third-party custodian must be involved in account administration and the buying/selling of precious metals within the account. Noble Gold’s preferred custodian is New Direction Trust Company.
After completion of the call, an email is sent to the client with their new account number.
Step 2: Funding the Account
After the account has been set up, the client funds their gold IRA by depositing cash or selecting a transfer or rollover. With a transfer, the custodian will coordinate moving assets from an existing IRA to the new gold IRA.
Rollovers involve withdrawing assets from an existing account and depositing the assets into the new account. Assets can be rolled over through a “direct rollover” between IRA providers, or an “indirect rollover”, where money from the existing account is sent to the account owner, who then sends it to their gold IRA custodian.
Noble Gold representatives recommend that clients use the direct rollover method because of the possible adverse tax consequences associated with indirect rollovers.
Step 3: Selection of Precious Metals
Once a rollover account has been funded, the client can select and purchase the precious metals for their new gold IRA.
Noble Gold representatives are available to consult with clients concerning precious metal selection. Based on its strong consumer reviews, representatives take the time to learn what each client’s investment objectives are and the level of their risk tolerance.
Step 4: Delivery and Storage of Metals
Once the purchase of the metals is complete, the custodian arranges for the delivery of the assets to a secure depository for storage. Gold and other precious metals purchased through a Noble Gold IRA are stored at a depository in Texas owned by International Depository Services.
Step 5: Monitor IRA Performance
Ongoing service and support are provided by Noble Gold representatives, who answer client questions concerning investment performance and help with selecting and purchasing additional assets for their account. Clients also receive buy/sell confirmation statements and monthly account statements from their account custodian.
Noble Gold Minimum Investment and Fees
The minimum investment for a gold IRA with Noble Gold is $2,000 if you buy metals directly from them or transfer an existing gold IRA. The minimum investment required for rollovers is $5,000.
Recurring annual fees are $80 for account management and $150 for storage. Noble Gold’s storage fees are slightly higher than the industry average because they only offer the more secure “segregated storage” as opposed to “commingled storage.”
Noble Gold IRAs have a recurring annual fee of $225 and a yearly $250 storage fee.
The firm also offers a flat fee structure for selling precious metals.
Noble Gold Ratings and Complaints
Consumers researching Noble Gold reviews will find themselves pleased.
The Better Business Bureau (BBB) has given the firm it’s best A+ rating. 48 customer reviews average 5/5 stars. Noble Gold has three BBB complaints over the past three years; be that as it may, the company has come to a resolution with each of the three clients.
The Business Consumer Alliance (BCA) shows an AA rating for Noble Gold, its second highest possible. The BCA lists one complaint for the company in the last three years; as with the BBB complaints mentioned above, Noble and the client have come to a resolution.
Noble Gold also has a 4.8/5 rating on Google based on 212 reviews and one review on Yelp, which is five stars. There are no ratings for the firm on Trustpilot.
Pros and Cons of Working With Noble Gold
As with any review, this one wouldn’t be complete without highlighting some advantages and disadvantages. See a few of the firm’s pros and cons in the below bulleted lists.
- Low initial investment required: new accounts can be opened for as little as $2,000 ($5,000 for rollovers).
- Sole use of safer “segregated storage”: instead of commingling clients’ precious metals in a common area with other people’s metals, Noble Gold’s IRA clients have their metals stored individually and privately. In addition, clients can visit the storage facility to view their precious metals.
- Unique “Survival Packs”: Noble Gold offers these packs to investors who want the physical possession of precious metals in case of the severe disruption of the world economy.
- Less experience: founded in 2016, the firm hasn’t been around as long as some of its competitors. At the same time, Noble Gold’s co-founders have several years of industry experience.
- Slightly higher than average storage fees: due to storage being segregated, fees are slightly higher than other depositories.
Royal Survival Packs
Noble Gold recognizes that some investors are concerned about the risk of national or global economic collapse. Thus, they might wish to have physical control over some of their gold or silver assets or be able to quickly take possession of the metals they own by going directly to a depository without going through a custodian.
For this reason, the company created “Royal Survival Packs”; these packs contain gold and silver, which investors can exchange for goods and services and other forms of money. There are different levels of Royal Survival Packs, each of which starts with “Noble”:
- Knight ($10,000 investment): a “short-term survival pack” designed to last a couple of weeks or slightly longer.
- Baron ($25,000 investment): a starter pack for an average family of four people to cover one or two months of use.
- Viscount ($50,000 investment): designed for more extended periods of turmoil or families with higher spending needs.
- Earl ($100,000 investment): for prolonged disasters or wars where the goal is now long-term survival.
- Marquess ($250,000 investment): intended for events like civil disturbances that make it difficult to remain in one location.
- Duke ($500,000 investment): the top Royal Survivor Pack, investors can tailor the Duke to best meet the needs of their families.
For offshore clients, Noble Gold’s offers the Noble Ambassador; offshore investors can pay for the pack in U.S dollars or bitcoin, which is meant for investors who want to hold precious metals within North America.
The identity of individuals purchasing Royal Survival Packs remains private, as do the details of their purchase.
Gold IRA and Survival Pack Storage Options
Many investors prefer to store their metals outside of Delaware, in the Republic of Texas. For this reason, precious metals bought through a Noble Gold IRA are held in a registered, secure depository facility in Dallas, Texas, through a partnership with International Depository Services (IDS).
Texas fiercely maintains its state rights. As a matter of fact, many of Texas’ original state laws were not subject to the laws of the United States and are still in force today. Noble Gold is the only gold IRA provider that uses a depository located in Texas.
Owners of Royal Survival Packs can keep metals in their possession or place them in secure storage. Noble Gold recommends that U.S. residents store some or all of their Survivor Pack at the IDS facility in New Castle, Delaware.
Furthermore, for offshore investors who purchase the Noble Ambassador Survivor Pack, the company recommends clients use the Canadian IDS facility in Mississauga, Ontario.
In either case, both distribution centers offer a high level of security.
Frequently Asked Questions
It’s common to have questions when deciding which gold IRA firm you want to work with. Below are some regularly asked questions concerning Noble Gold.
Yes, Noble Gold is a legitimate company that can be trusted to do what it says. But don’t just take our word for it; top ratings for the firm abound on consumer websites like the BBB, BCA, and Google.
Noble Gold only offers home delivery of its non-IRA Royal Survival Packs. The company doesn’t provide home delivery of metals for physical possession by account owners of self-directed IRAs because IRS regulations prohibit it.
Survival Packs are delivered to the buyer’s door by the Noble Express home delivery service within five days of purchase and are shipped in plain wrapping. All deliveries are fully insured and must be signed for.
Noble Gold does have a buyback program. In addition to buying back precious metals from an IRA if a new account holder changes his or her mind, the company will buy some or all of a client’s assets if an outside buyer can’t be found.
Like any reputable firm, Noble Gold doesn’t guarantee investment performance. Of course, this is a good thing, as any company guaranteeing performance is an immediate red flag.
The price of precious metals is ever-changing and, like any investment, can experience periods of market volatility.
Similar to other gold IRA firms, the rollover or transfer process is somewhat dependent on the company the funds are coming from. Having said that, clients can expect the process to be done in around 10-14 days, so long as there are no unforeseen delays.
Noble Gold Review Conclusion
While Noble Gold is not the largest provider of gold IRAs in the United States, it has a loyal clientele who sing its praises loudly and a great deal of respect around the industry.
The company offers a full complement of precious metals, distinct segregated storage, and a very low initial investment requirement. Moreover, non-IRA investors can purchase the firm’s proprietary Royal Survival Packs.
All in all, if you’re looking for a gold IRA company that does things a bit differently, Noble Gold might just be the firm for you.