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Midas Gold Group Review

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Midas Gold Group is a trusted source for precious metals whether you're a novice investor or an experienced collector. The company offers an extensive product selection, competitive pricing, superior customer support, and fast delivery.

Midas Gold Group helps its clients build strong precious metals portfolios in bullion and coins. This longstanding company dates back to the 1970s, with Midas Gold Group being incorporated in 2010.

They specialize in Gold IRAs and fast and secure nationwide precious metals delivery and pick-up.

Before we get started, investing your savings is a serious task. When it comes to adding precious metals to your portfolio, how do you know which companies to trust?

That is why we have researched every company in the industry and selected the very few with the highest customer service standards.

This way you can easily compare the best companies in the business, and choose one that fits your needs and investment goals.

Read the list to see if Midas Gold Group passed our strict customer service standards to become one of our top recommendations.

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Midas Gold Group is based in Phoenix, Arizona but states that they are a multinational company with US clients in all 50 states. They believe that financial diversification and protection are essential, and are eager to show customers how to safely add precious metals like gold and silver to their holdings.

According to Midas, they only hire experienced financial professionals and never incentivize anyone to sell a specific product or class of products. The company believes in keeping its client's unique and specific interests at the forefront. If Midas Gold Group sounds interesting to you, keep reading to learn more about what this company has to offer.

Precious Metals

Midas Gold Group offers gold, silver, platinum, palladium, and rhodium. After reviewing the inventory, it's safe to say that Midas has a diverse range of products that will meet the needs of investors and collectors. Let's take a look at some of what Midas offers in each category:

Gold

Gold American Eagle, Proof Gold American Eagle, Gold American Buffalo, Proof Gold American Buffalo, and Gold Canadian Maple Leaf.

Silver

Silver American Eagle, Proof Silver American Eagle, Silver American Buffalo, Siler Canadian Maple Leaf, and Silver Vienna Philharmonic.

Platinum

Platinum American Eagle, Platinum Vienna Philharmonic, Platinum Canadian Maple Leaf, and Platinum Australian Platypus.

Palladium

Palladium American Eagle, Palladium American Eagle Reverse Proof, Palladium Canadian Maple Leaf, and Credit Suisse Palladium Bar (In Assay).

Rhodium

Rhodium Tuvalu South Sea Dragon, PAMP Suisse Rhodium Bar (In Assay), Baird & Co. and Rhodium Bar.

How to Buy with Midas Gold Group

Are you interested in buying gold and other precious metals from Midas Gold Group? The company offers instructions on how you should go about it. Midas states that whether you're buying gold bullion, gold coins, or rare coins, they strive to be your one-stop location. With one of the largest selections of products, the best pricing, and prompt service, clients should find that buying with Midas is a simple process.

  • Step 1: Draft Your Portfolio Clients will have access to dedicated account representatives. Note that Midas Gold Group is not a financial advisor. But their experts have traded precious metals and financial assets for decades. Your chosen representatives will tailor your portfolio to meet your needs.
  • Step 2: Fund Your Account To buy precious metals, you'll need to fund your account. Midas Gold Group says that you can fund your account via bank wire, check, or IRA transfer. Midas Gold Group will accept all standards of payment. Midas Gold has an A+ rating with the BBB, giving clients an extra boost of confidence when funding their accounts and sending payments.
  • Step 3: Verify Your Order Next, you'll verify your order with their trading and compliance desk. This department reviews every order with the client to ensure there is a complete understanding of how the process works and to ensure the accuracy of all orders.
  • Step 4: Receive Your Order Lastly, you'll receive your order promptly and securely with discreet delivery. According to Midas, all standard product orders are delivered in days. The company claims that you won't have to wait weeks or months for your order like other dealers. All packages shipped by Midas are 100% insured against any loss or damage until you receive them.

Precious Metals IRA

Midas Gold Group is committed to arming its clients with the information they need to make an informed decision. When it comes to a gold IRA, Midas Gold provides extensive information on why investors should open a gold IRA and guidance on how to get started.

If you're interested in a gold IRA rollover, Midas Gold Group can assist you in this area. Midas Gold Group will help you choose the right IRA custodian for your needs. They will provide you with a pre-filled form to open your new IRA or retirement plan with your new custodian.

Midas Gold Group Review - Precious Metals IRA

Once this is done, they'll help you with a tax-free direct transfer or rollover from your current IRA custodian or plan administrator. Then, they'll help you select your insured depository of choice to safely secure your gold.

Lastly, you'll be able to purchase your gold with the help of Midas's IRA experts. Then, your metals will be delivered to your elected precious metals IRA depository.

Preferred Gold IRA Custodians 

Midas Gold Group features its preferred, reputable gold IRA custodians on its website. This includes:

Equity Trust Company

Midas Gold's number one preferred IRA custodian is Equity Trust Company. This is an Ohio-based chartered trust company and an industry-leading custodian of alternative assets in tax-advantaged accounts with over $25 billion in assets under custody.

Equity Trust Company - Logo

Equity has a 45-year track record of providing exceptional customer service. The company is regulated as a South Dakota trust company and complies with all statutes and regulations mandated by the South Dakota Division of Banking.

Kingdom Trust Company

This is another preferred custodian that is a chartered trustee in South Dakota with headquarters in Kentucky.

The company was founded in 2010 and has grown to over $15 billion in assets under management with more than 100,000 accounts since this time.

Kingdom Trust Company - Logo

New Direction Trust Company

This preferred custodian is based in Colorado and was founded in 2003. New Direction is charted trustee that manages over $2 billion in assets.

New Direction Trust Company - Logo

GoldStar Trust Company

GoldStar Trust company is a $2 billion division of Happy State Bank based in Texas. The company was founded in 1989 and is the oldest major gold IRA custodian.

GoldStar Trust Company is a custodian for more than 37,500 IRAs, with most of them being gold IRAs.

GoldStar Trust Company - Logo

Selling Gold and Silver

If you're interested in selling gold or silver, Midas Gold Group has made it easy to do so. Midas Gold claims to offer the following:

1. Best Prices: Midas Gold Group offers the best value on gold and silver. The company's prices are so competitive that even other dealers sell directly to them.

Another customer sold silver on two occasions with Midas Gold Group. Each time, they were very satisfied with the transaction. The customer noted that the price was competitive as well. You'll never have to wait an extended time to get paid. Midas Gold Group issues prompt payments via federally insured wire or check.

3. Private and Secure Transaction: Midas Gold Group does not report your transactions or record your personal information (except when it is required by law).

4. Superior Service and Convenience: Their full-service team is always available to assist you with pickup and delivery. All shipments and transactions are bonded and insured for your protection as well.

5. Fair and Honest Appraisals: You can rest assured that you'll always have access to fair and honest appraisals before you sell your assets.

Midas Gold Group Reviews

Midas Gold Group appears to be an overall good company to work with. Let's see what customers have said about working with Midas Gold Group:

Midas Gold Group is an accredited business with than A+ rating with the BBB.

The company received a rating of 3.86/5 with 7 customer reviews. One recent customer said that they give their highest recommendation to Midas Gold Group.

The team was very knowledgeable and provided a wealth of information to them regarding the precious metals industry. Another customer sold silver on two occasions with Midas Gold Group. Each time, they were very satisfied with the transaction. The customer noted that the price was competitive as well.

One customer was pleased with their service after trying to convert gold held in an IRA back to a conventional account without dealing with tax issues. According to the customer, the team at Midas Gold Group was incredibly helpful. The team was very knowledgeable of the process and everything was monitored the entire time.

The customer particularly liked how they were kept well informed and explained everything that they should expect next. As for the negative reviews, one customer said that they called Midas Gold Group to ask a question about the price of gold. After asking their question, the representative lectured the customer on a myriad of issues.

The customer asked their original question again. However, the representative responded with "If you listen, you might learn something". At this point, the customer decided to hang up due to the rude response.

Another person who left a review said they were hoping to become a customer of Midas Gold Group but ended with a bad experience instead. The reviewer had an appointment for 2 pm.

The person they were supposed to meet with never showed up. Instead, he left instructions for the customer to leave 28 oz of silver bullion and over 2lbs of platinum group metals with a receptionist. This unprofessional customer experience led to the customer seeking assistance elsewhere.

Our Rating

Midas Gold Group: Pros & Cons

Let's take a quick look at some pros and cons of relying on Midas Gold Group for your precious metals needs:

  • Pro: A Variety of products

One of the things that stands out about Midas Gold Group is that the company has a large selection of precious metals and rare coins. Whether you're an investor or an avid collector, Midas Gold Group has a diverse and extensive product catalog for clients to consider.

  • Pro: Extensive Assistance

Midas Gold Group appears to offer extensive assistance when it comes to all things precious metals. Whether you need assistance with open rolling over an IRA, opening a gold IRA, or buying precious metals, Midas Gold Group has you covered.
The company's website in itself is very thorough and provides a lot of information to help clients make the best decision for their needs.

  • Pro: Fast Payments

Another advantage of Midas Gold Group is the company's fast payments. Even standard payments will be initiated within a few days, which is quite impressive. If fast payments are a top priority for you, you'll likely find that Midas Gold Group will more than meet your needs.

  • Con: Not as Well-Known as Competitors

While Midas Gold Group is an accredited business with an A+ rating, the company doesn't have as much traction overall. Compared to competitors, Midas Gold Group is a lesser-known company.

Final Thoughts

Overall Midas Gold Group appears to be a choice to consider. The company offers a range of precious metals, offers assistance with gold IRAs, and offers a quick and easy selling process for those who are interested in selling their metals. Be sure to talk with a representative for any additional questions.

Remember to read out list of the Top Gold Companies to see if Midas Gold Group made the cut.

>> Click HERE to read our Best Precious Metals IRA Companies list <<

Or, if you like what you read about Midas Gold Group, you can visit their website below.

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