In-depth review
Midas Gold Group Review (2026)
Midas Gold Group is not a suitable choice for opening a new precious-metals IRA because its operating company is in Chapter 7 bankruptcy and its current website does not clearly present an active dealer program.
1.6
Our score / 5
Founded
2010
Metals offered
Gold and Silver
Storage
None
BBB rating
A+
The quick verdict
Is [Midas Gold Group] worth it?
Midas Gold Group is not worth choosing for a new gold IRA in 2026. Although the business has a long history and retains an A+ BBB rating, Midas Gold Group, LLC filed for bankruptcy in June 2024 and the case was converted to Chapter 7 liquidation in September 2024; its current website largely publishes educational and comparison content rather than clearly offering the former dealer service.
Bottom line
Best treated as an educational website, not as a current IRA provider. Consider an established alternative that publishes its minimum, fees, custodian, depository and account-opening process.
What we like
Watch out for
Best for
Not ideal for
Costs
Fees, pricing & minimums
Midas Gold Group does not currently publish a reliable account minimum, setup fee, annual custodian charge or depository fee for a Midas-branded IRA program. Its educational pages discuss industry fee ranges and competing providers, but those figures should not be treated as Midas Gold Group’s own terms. Historical or third-party figures may no longer apply after the company’s bankruptcy filing. An investor should not transfer money based on an old review or archived promotion and should verify the legal name of every contracting party, current operating status, custodian, vault and total spread before proceeding.
Security
Storage & custody
No current Midas Gold Group page clearly identifies an active IRA custodian, approved depository, storage configuration or insurance arrangement for new customers. Its educational content correctly explains that a precious-metals IRA requires an independent custodian and qualified depository, but general guidance is not a substitute for a customer-specific custody agreement.
Any provider considered instead should name the legal custodian and depository in writing, describe whether storage is segregated or commingled, disclose insurance terms and provide a complete fee schedule. IRA-owned metals generally cannot be held at the investor’s home or in personal possession; doing so can trigger a taxable distribution and compromise the account’s tax treatment.
Products
Metals & product selection
Midas Gold Group historically operated as a dealer in gold and silver bullion, coins and precious-metals IRAs. The present website discusses gold, silver, platinum and palladium in educational content, including IRA eligibility rules, but it does not provide a clearly functioning Midas-branded storefront with current inventory and transaction terms. Accordingly, the breadth of products available to a new direct customer cannot be verified.
Investors should distinguish between general articles describing IRA-approved metals and an actual product list offered by a solvent dealer. Before buying, confirm the exact coin or bar, purity, mint or refiner, premium over spot, liquidation price and IRA eligibility in writing.
Trust
Reputation & track record
Midas Gold Group, LLC was incorporated in Arizona in July 2010 and its BBB profile reports an A+ rating. The company previously described itself as a veteran-owned, second-generation precious-metals dealer and IRA processor. Customer feedback is mixed: some historical commentary praised knowledgeable service, while more recent BBB reviews include serious complaints involving unreturned calls, canceled orders and delayed refunds. Complaints and reviews are allegations or individual experiences, not independent findings of misconduct.
The most important current fact is the bankruptcy proceeding. Midas Gold Group, LLC filed a voluntary Chapter 11 case in the U.S. Bankruptcy Court for the District of Arizona on June 7, 2024. The case converted to Chapter 7 on September 25, 2024 and remained active with docket activity in 2026. A BBB letter grade does not measure financial solvency and should not outweigh the bankruptcy status when assessing whether to send new funds.
Scorecard
How we scored Midas Gold Group
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Editorial
How we review gold IRA companies
We assess each provider using the same categories: fees and value, product selection, storage and custody, customer support, and reputation. Pricing clarity, verifiable operating status, compliant custody and secure storage receive the greatest weight. We review provider disclosures, official court records, custodian and depository information, BBB records and patterns in customer feedback. A high rating from one organization does not override bankruptcy, regulatory, custody or solvency concerns.
FAQ
Common questions about Midas Gold Group
What is Midas Gold Group’s minimum investment?
No reliable current minimum is published for a Midas Gold Group precious-metals IRA. Industry ranges or minimums listed for other companies on its website are not Midas Gold Group’s own account terms.
Is Midas Gold Group a legitimate, safe choice?
Midas Gold Group was a real Arizona company founded in 2010 and its BBB profile shows an A+ rating. However, the legal entity filed for bankruptcy in 2024 and the case converted to Chapter 7 liquidation. That makes it inappropriate to characterize the company as a safe choice for a new investment without clear evidence of a separate, solvent operating entity and fully disclosed contracts.
Can I roll over a 401(k) into a gold IRA with them?
The current website does not establish that Midas Gold Group is presently opening and servicing new precious-metals IRAs. In general, an eligible 401(k) can be moved to a self-directed IRA through a direct trustee-to-trustee rollover, which is generally not taxable when completed correctly. Investors should use a currently operating custodian and dealer and confirm plan eligibility with the administrator and a qualified tax professional.
Where will my metals be stored?
Midas Gold Group does not clearly disclose a current depository arrangement for new accounts. With any precious-metals IRA, the metals must be held by a qualified trustee or custodian at an approved depository; home storage or personal possession can violate IRA requirements.
Final verdict
Should you choose Midas Gold Group?
No. Midas Gold Group’s historical experience and A+ BBB rating do not overcome the decisive concern that its operating LLC is in Chapter 7 bankruptcy and its current site does not clearly document an active dealer, custodian, depository, or fee schedule. Investors should choose a solvent provider with verifiable operations, written pricing, and clearly named custody and storage partners.
Affiliate disclosure: We may earn a commission if you open an account through our links, at no extra cost to you. This can influence which companies we feature. We only cover providers we believe offer genuine value.
Not financial advice: Informational only. Precious-metals investing carries risk, including loss of principal. Consult a licensed advisor before investing.
