Today we will take a look at U.S. Money Reserve- What is U.S. Money Reserve? A scam or a legit gold dealer? Are there better alternatives out there for you? These are some of the main questions this review will focus on. Ok, here we go!
Company: U.S. Money Reserve
Owner: Philip N. Diehl (President)
Price: Depends on the size of your investment
Who is it for: Investors
Overall rating: (2.9 / 5) NOT Recommended
Important to mention before we go into more details of this review:
We always strongly recommend to do your research online before you choose a company to invest with.
There are so many reviews online of clients being ripped off and scammed.
So please investigate thoroughly before you make your decision.
ALWAYS Review and compare the Top Gold IRA Companies Before You Invest!
There are literally hundreds, even thousands of precious metals dealers and IRA custodians to choose from. The risk with this is that it can be easy to settle for the first company you find that “impress you”.
The problem is, while most gold dealers offer similar bullion prices (based on the live spot price), they can differ A LOT in their shipping policies and storage fees, which are typically decided by the IRA custodians they deal with.
This is also where the “ripoffs” usually take place in the form of hidden fees and lack of transparency.
With that being said, let´s continue with the review on U.S. Money Reserve!
What is U.S. Money Reserve about?
U.S. Money Reserve (USMR) is a precious metals dealer that was founded somewhere between 2001 – 2002 (a bit unclear info on this online) and has over the years grown to one of the leading companies in the industry.
The physical “headquarter” address of USMR is: 6500 River Pl Blvd, Austin, TX 78730, USA
How does it work?
In short, it is a precious metal dealer, they also offer IRAs.
The products offered by USMRC are a variety of coins and bars in the form of gold and silver.
They also offer IRAs.
Yes, IRAs are offered by USMR as mentioned above. How do they stack up against the absolute top rated companies, and what fees are associated with setting one up? Normally in this part of the review, I provide a screenshot of the particular company’s IRA fees to be able to compare them better against its competition.
However, this was not to be found on the U.S Money Reserve website so that leaves us with a more negative feeling than positive as most “ripoffs” that takes place in this industry are through hidden fees and other transparency issues.
The only thing I found was this in the small texts that usually are at the bottom of a website (and hard to see).
(See screenshot below)
Important to mention here:
As you can see as I pointed out (with the red arrows) that there is apparently a setup fee? You need to know that there is no need for a setup fee with many other of its competitors.
More importantly, $250 don´t match the top rated ones, when it comes to low fees as they got around a low $100 per year fee only.
One of the absolute top ones (not only when it comes to fees) as they are the ones with the lowest fees for its clients is Regal Assets.
One more thing that is great with them is that they actually waive your fees completely for up to the first 3 years.
Can you get the gold (and other metals) delivered to your home?
Yes, you can (according to other reviews online).
However, when you look at their website there is actually no info at all on this…?
This is a function that many of its peers got but far from all so I guess that the only way to find out more about this is to try t call them and ask about it.
Can you store your investment “with” the company?
Once again this is not mentioned on their site.
It is easy to assume that they do (just like many of its peers) offer third-party solutions through their partners when it comes to storage.
Can you sell back to the company?
Once again, no info found on this on their website.
Can anybody in any country use the service?
No, their services are for citizens of the U.S. only.
U.S. Money Reserve Gold Scam?
Now, is U.S Money Reserve a Gold Scam? No, it is not a scam, it is a legit company of course. It got a real owner and real address. The company would also never (most likely) have survived this long (founded 2001-2002) if it wasn´t, right?
However, if they are amongst the top rated ones is another story, if I could guess “Probably not”
That leads us to the:
Online review, ratings, and complaints
Below I will provide the ratings and complaints from some of the most well-known and trusted review and rating sites online so you can get a better overall picture:
BBB (Better Business Bureau)
Overall rating: A+
Review score: Out of 4 reviews 1 was a complaint
Overall rating: N/A
Overall rating: N/A
Overall rating: N/A
Overall rating: (4 / 5) (out of 4 reviews)
Overall rating: 1 report found – click for details (opens in new window)
Overall rating: N/A
Overall rating: (1 / 5) (based on 3 reviews)
Any Red Flags?
Well, as you can clearly see (above) the overall ratings found is far from impressive if you compare to other of the leading companies in this industry.
One thing that should make you a bit more concerned here is the low number of reviews and ratings online, especially when you think about that the company has been online since 2001-2002. It should at least have hundreds (if not thousands) as many of its peers with “the same life length”
What this is a result of I have no idea but it is absolutely a bit strange (at least in my humble opinion).
Below I provide you with 2 screenshots from 2 not s happy clients of USMR found on the Review Opedia website:
Click here to come to the Review Opedia website if you want to look at the other complaints
How´s the support?
One thing I always put a lot of weight on when it comes to the quality of the support of a company is if they got a live chat function or not.
U.S. Money Reserve doesn’t have this and that is a minus (at least in my book).
They advise you to contact them on their website, by either calling or emailing them with your question and concerns.
Why You Should (Or Should NOT) Join U.S. Money Reserve?
It is always good to compare a company’s pros against its cons to get a better overall picture.
Below I have highlighted some clear points on both sides to make this job easier for you:
- Fast shipping
- Very little info or support on their website
- IRA “yearly fees” higher than many of its competitors
- The lack of reviews online (and the negative ones)
Do You Own or Represent U.S. Money Reserve?
If you are a representative, or associate of U.S. Money Reserve and have found something not to be correct in this review please, feel free to tell and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or else you got the e-mail on the about page.
Final Words and Verdict on U.S. Money Reserve
Verdict: NOT Recommended
Overall rating: (2.9 / 5)
Ok, this is a legit company, absolutely.
However, I would not really recommend them after doing this research on them.
To be honest, throughout the whole work process with this review, I found it very difficult to find any kind of info of importance at all on their website.
Then when there was barely any reviews at all… and a big part of them negative…
So for now, 2,9 stars only for USMR and it feels completely fair for now.
It can of course change to a higher or lower one in the future as the reviews on this website are getting updated as soon as some “news” on a company comes up.
You have made a smart choice reading this review as it is always recommended that you research and compare many different companies against each other before making an educated decision.
Am absolutely sure that you will find an IRA custodian that is right for you as you clearly understand this concept (you wouldn´t have read this far if you wasn´t) 😉
As always, the choice is up to you!
Which Company Do You Recommend?
If you are looking for a reputable gold IRA custodian besides any other company, you should check out Regal Assets.
Regal Assets have ZERO complaints from A LOT of real users. Used by celebrities, respected by well-known publications, and websites.
And A LOT more benefits!
I hope you found this short review on U.S. Money Reserve to be helpful and now you should have a better understanding of what it is and if it is a scam or not, and also importantly, will it be something for you? If you have used any of its services please share your experience with us in the comment section below, as it can help others. Also, if you got any other questions on this review I will be more than happy to answer them below.
I wish you the best!
Founder of: $tart Make $top Waste