Money Metals Exchange
Key Facts
- Min. Investment
- $6,000
- Annual Fees
- $130–$180/year custodian + storage (not publicly posted)
- Founded
- 2010
- IRA Types
- Traditional, Roth, SEP
Overview
Money Metals Exchange was founded in 2010 and is headquartered in Eagle, Idaho. The company is a precious metals retailer that has developed a more robust IRA program than most bullion dealers, largely because it built its own proprietary depository — Money Metals Depository — specifically to serve IRA and storage clients. The facility cost $28 million to build, spans 37,000 square feet, and is insured by Lloyd's of London. Every client's metals are held in segregated storage — there is no commingled option. The company also offers a monthly savings plan for recurring purchases at reduced premiums, which is uncommon in this industry.
Pros
- ✓Owns and operates its own 37,000 sq ft IRA-approved depository — one of very few dealers with proprietary storage
- ✓Segregated-only storage — your metals are always held separately
- ✓Monthly savings plan for recurring purchases at reduced premiums
- ✓Competitive spot-price buybacks with free shipping from Money Metals Depository
- ✓No-numismatics approach — sticks to IRS-approved bullion only
Cons
- –IRA fee details not prominently published — must call to confirm
- –Rollover minimum of ~$25,000 may exclude smaller investors
- –Primarily a bullion retailer — less guided IRA education than dedicated IRA firms
- –$95 per-transaction fee through New Direction Trust adds costs for multiple purchases
Frequently Asked Questions
Does Money Metals Exchange have its own depository?
Yes. Money Metals built and operates its own depository in Eagle, Idaho — 37,000 square feet, insured by Lloyd's of London, and offering segregated-only storage.
What is the monthly savings plan at Money Metals?
Money Metals offers a recurring purchase plan that lets investors buy a set dollar amount of metals on a regular schedule at reduced premiums — an effective dollar-cost averaging tool.
What fees does Money Metals charge for a gold IRA?
Annual custodian fees through New Direction Trust are $130 for accounts under $100,000 and $180 for accounts over. Each purchase/sale transaction carries a $95 fee. Storage fees at Money Metals Depository should be confirmed by phone.