Morgan Gold and Silver is a precious metals company that has the reputation of dealing with any type of rollover. The company was set up in 2010 and it’s head office is located in Irvine, South California . Although quite young in the industry , it has quickly jelled together a professional team comprising of experts in several fields . Their experts in the fields of precious metals trading , rare coins and investment advisory. Renowned experts like Ed Moy- who was the Director of US Mint is now with Morgan .
Product Range and Expertise:
Morgan gold offers its clients with a large set of product line. The company will give you unique tips backed by the latest market trend and guide you through retirement account investment.
Their website is pretty organized and you can get a lot of information. You can reach them over phone or visit their office. They will advice you on what type of gold and silver you should invest in.
Ed Moy, one of Morgan’s leading personality discusses the importance of investing in physical following video :
Fees and Charges:
For self directed IRA, Morgan Gold uses a third party custodian. The schedule of charges are as follows :
Customer feedback and independent agency reviews :
Given below is the compilation of all the ratings of Morgan Gold & Silver LLC from the internet’s largest review sites and bureaus :
Morgan Gold is rated B with Business Consumer Alliance ( BCA) with 5 complaints made in the last three years. These complaints mainly include false advertising, misleading communications, not following company’s portion of contacts and so on.
One customer complained that he wanted Morgan to rollover $30k in IRA into gold and other items. In fact Morgan actually used only $19,000 for the purpose. The customer did not get any explanation as to where the rest of the money went. The customer wanted a refund of money but he had to wait for 2 years before he got a check of $24k only although the gold price rose during that period. The screenshot is given below:
Another customer did not get the refund of 1st years fees of storage and maintenance from Morgan Gold. This is the amount the company agreed they would pay.
Morgan Gold has a rating of C out of A+ with BBB and is not currently accredited by BBB. The reason of no accreditation is that BBB has no sufficient info about the business. There are 4 complaints closed in the last three years. All of them are related to problems with products or services. But not much information is available about complaint details.
The company has a rating of 4.7 out of 5 with Trustlink.
Many customers have given positive feedback and said that they will recommend Morgan Gold to their friends and family.
They do have a big media presence and have come into view in big media channels like Fox News, CNBC and Bloomberg which has been a confidence booster of potential investors.
Final Feedback :
Morgan gold is rather a new company , but they have excelled in the field of precious metals. They have great media presence. They have been backed by an excellent businessman in precious metals market. Although the presence of Ed Moy does add a great gravity to the company, you should judge the worth of a company by the ratings of independent agencies/bureau and the experience of actual customers.
The company does not have great ratings with BBB , BCA and Trustlink. There are several grave complaints raised against them . Issues like outrageous prices, fraud, delayed shipping and fast-talking rude staff has been revealed from the review of the customers. There is not much information about the company available on the net . The number of customer reviews, too, are not that many. Ripoff report , Yelp, Yellow Pages, CitySearch do not have any info about the company. So, there is not enough information available in the market for Morgan Gold.
You should give a call to the company, talk with the reps several times and go with your gut feeling. But you have to take the decision at your own risk if you decide to go with the company .
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