Midas Gold Group Review

This is a written review of Midas Gold Group for a national reader weighing the company as a source of information or as a possible dealer for a self-directed precious metals IRA. A dedicated section below addresses what the setup looks like for a Texas resident, since Texas is our home state and a common reader profile.

Every company fact in this review is tied to one of three source types. The first is a specific captured Midas Gold Group page in the Wayback Machine. The second is the BBB profile and its captured customer review page. The third is a primary regulator record we checked directly. Where a figure is not disclosed on any captured page, we say so plainly rather than paste a number from a review-site aggregator.

One posture note. Harry's Coins does not hold an affiliate relationship with Midas Gold Group. We earn nothing if you choose this company, and nothing if you skip it. The goal is a balanced record, not a pitch.

What Midas Gold Group discloses today, versus what it disclosed in 2022

Fee transparency is the wedge that decides most dealer comparisons. A retirement saver who cannot see the annual cost lines on paper cannot forecast the ten-year drag on a $50,000 or a $100,000 balance before the first phone call. The Midas Gold Group case is different from most dealers because the disclosure gap has widened over time.

The January 2022 Wayback capture of midasgoldgroup.com published the Phoenix headquarters street address and an Arizona customer phone number at 480-360-3000. It also published a second office in Thousand Oaks, California, the founding year of 2010, a family and veteran ownership narrative, and a five-metal product line covering gold, silver, platinum, palladium, and rhodium (source: Wayback capture of midasgoldgroup.com, January 2022).

The February 9, 2026 Wayback capture and the live homepage on July 4, 2026 publish none of those items on the reachable pages. The current homepage sits behind an Altcha bot verification challenge. The Wayback captures dated November 6, 2025 and February 9, 2026 show only the pivot copy and the referral tagline, with no HQ, no phone, no team page, and no fee schedule (source: Wayback captures of midasgoldgroup.com, checked July 2026).

The chart below counts these six identity items across the two snapshots. It is not a judgment. It is a snapshot of what a first-time reader can verify from the public pages without a phone call, at the two points in time.

The table below reproduces the same inventory in text, with the specific captured source for each row, so a reader can reopen the reference and confirm.

The 2024 Chapter 11 filing referenced in BBB customer reviews

A defining fact in the Midas Gold Group record sits inside the customer review tab at the Better Business Bureau. Multiple customer reviews dated July and August 2024 explicitly reference a Chapter 11 bankruptcy filing by Midas Gold Group during the summer of 2024. These are consumer-side statements. They are not a court docket. They are a first-source signal.

One review from Matthew G dated August 10, 2024 states the company was "in bankruptcy" and names individuals it identifies as owners. A separate review from Tim R dated August 23, 2024 states a depository notified the customer about the bankruptcy filing. The same review reports the paid-for precious metals were never deposited into his IRA (source: bbb.org Midas Gold Group customer reviews, captured November 18, 2025).

A review overview quoted alongside these customer statements paraphrases a court filing summary. The text mentions "an emergency motion requesting the court's authorization to pay pre-petition wages and other compensation." It cites a June 14, 2024 payroll covering roughly seven employees at an estimated $11,919 for the period from June 8 through June 14, 2024 (source: bbb.org Midas Gold Group customer reviews, captured November 18, 2025).

Chapter 11 is a reorganization. It is not the same as a Chapter 7 liquidation. A company can enter Chapter 11 and continue to operate under court supervision while a reorganization plan is worked out. The public BBB customer reviews from 2024 do not include a Chapter 11 case number or a court district in the excerpts we could capture. This review therefore does not assert a case caption we cannot verify.

What matters for a saver reading this in 2026 is the practical impact reported by the customers themselves. At least one customer states his gold and silver were paid for and were never deposited into the intended self-directed IRA. That is a specific first-hand outcome. It is anchored in a public BBB review that a reader can reopen in a normal browser to read in full.

The BBB profile: A+ letter grade, 2.09 review average, no accreditation

The Better Business Bureau profile for Midas Gold Group carries an A+ letter grade on the June 24, 2025 Wayback capture. The same page marks the business as "Not BBB Accredited" and lists the BBB file as opened on December 17, 2018 (source: bbb.org Midas Gold Group profile, captured June 24, 2025).

Read the BBB letter grade and the BBB accreditation status as two independent signals. An A+ letter grade reflects the BBB's proprietary complaint-history algorithm. Accreditation reflects a paid membership decision and a code-of-conduct commitment. A company can be A+ without being accredited, and Midas Gold Group is that case on the June 2025 snapshot.

The customer review side of the profile tells a different story. The aggregate customer review score on the November 18, 2025 Wayback capture is 2.09 out of 5 across 11 customer reviews. That average is heavily weighted by the 2024 bankruptcy-related reviews described above (source: bbb.org Midas Gold Group customer reviews, captured November 18, 2025).

The local BBB serving the profile is the BBB Serving the Pacific Southwest, Central and Inland California. The BBB business categories on file include Gold Buyers, Coin Dealers, Retirement Planning Services, Precious Metal Dealers, and Banking Services. The BBB profile prose describes the business as offering "gold and precious metals investments and services." It also lists brokerage service, including buying and selling gold and silver and precious metals IRAs (source: bbb.org Midas Gold Group profile, captured June 24, 2025).

The customer review overview at the BBB also states that Midas Gold Group LLC was originally organized under a prior name in 2010 and rebranded to its current name in 2018. The prior name is redacted in the BBB display. The BBB file date of December 17, 2018 is consistent with a rebrand-triggered profile opening (source: bbb.org Midas Gold Group customer reviews, captured November 18, 2025).

The pivot from direct dealer to research and referral site

The January 2022 midasgoldgroup.com homepage read as a direct dealer front. It marketed the company as "The Nation's #1 Veteran-Owned Gold Dealer." It cited a family precious metals history dating back to the 1970s. It named its five-metal product line and its two physical offices in Phoenix and Thousand Oaks (source: Wayback capture of midasgoldgroup.com, January 2022).

The November 6, 2025 and February 9, 2026 Wayback captures read as an editorial referral site. The homepage tagline is "Discover How to Protect Your Retirement Savings with Gold IRAs." The body copy references "over 14 years and counting" of experience. The service categories are labeled "Research and Strategy" and "Beginner to Advanced" education, alongside a broader end-to-end framing (source: Wayback captures of midasgoldgroup.com, November 6, 2025 and February 9, 2026).

A visible testimonial on the captured 2026 homepage reads "They connected me with a reputable Gold IRA provider and walked me through the process." That single line is the clearest statement of the current business model. Midas Gold Group appears to route readers to other gold IRA companies rather than to sell metal directly (source: Wayback capture of midasgoldgroup.com, February 9, 2026).

The live post sitemap on midasgoldgroup.com reinforces the pivot. It lists 70 URLs on the July 4, 2026 fetch. The URL slugs are almost entirely competitor reviews and comparisons, including a goldco-review slug, an augusta-precious-metals-review slug, a birch-gold-group-review slug, an american-hartford-gold-review slug, and a noble-gold-investments-review slug (source: live fetch of midasgoldgroup.com post sitemap, checked July 4, 2026).

A separate page at midasgoldgroup.com/best-precious-metal-ira-companies/ ranks a top five of competing gold IRA companies. Midas Gold Group is not on the list at any position. That page carries the referral posture openly (source: live fetch of midasgoldgroup.com/best-precious-metal-ira-companies/, checked July 4, 2026).

The neutral takeaway is that the entity a reader interacts with on midasgoldgroup.com in 2026 is not the same entity that a reader would have interacted with on midasgoldgroup.com in 2022. The domain is the same. The BBB profile still lists an A+ grade. The business itself has moved from selling metal to referring readers to other dealers, some of whom pay commissions on new accounts.

The fee schedule you cannot see on the site

The current midasgoldgroup.com does not publish a Midas-specific dollar figure in any of the four cost buckets that decide the true first-year cost of a precious metals IRA. That is a scoring outcome, not an accusation. Some dealers publish two or three of the four buckets. A few publish all four. Midas Gold Group publishes none on the current site.

The midasgoldgroup.com blog post at /gold-ira-fees/, dated October 11, 2025, publishes an industry-average table rather than a company-specific schedule. The table gives ranges of $50 to $300 for account setup, $75 to $300 for annual administration, and $100 to $150 for non-segregated storage. Segregated storage runs $150 to $250, with a wire fee of $25 to $75 and a buy-sell spread of one to three percent (source: midasgoldgroup.com/gold-ira-fees/, checked July 2026).

Those are trade averages, not a Midas Gold Group fee sheet. A reader who is being referred by Midas to a specific gold IRA company must ask that receiving company for its own written fee schedule, not accept the industry-average table on the midasgoldgroup.com blog as a substitute.

None of these requests are aggressive. A dealer that treats them as aggressive is telling you something in itself. A dealer that emails a written PDF answering all five lines by the end of the next business day is a dealer whose ten-year drag can be estimated in a spreadsheet before you commit.

How Midas Gold Group serves Texas investors

The captured Midas Gold Group pages do not name a Texas office or a Texas storage partner. They also do not name a Texas customer count, a Texas SKU, or the state-chartered Texas Bullion Depository in Leander (source: Wayback captures of midasgoldgroup.com and midasgoldgroup.com/precious-metals-ira-faq/, checked July 2026). Every corporate reference on the historical record points to the Phoenix, Arizona headquarters or the Thousand Oaks, California office. There is no Texas presence disclosed.

The midasgoldgroup.com IRA FAQ post dated October 5, 2025 lists a set of depositories in a generic paragraph. The named options are Delaware Depository Service Company, Brink's, International Depository Services, First State Depository, and CNT Depository. The Texas Bullion Depository in Leander is not on that list on the captured page (source: midasgoldgroup.com/precious-metals-ira-faq/, checked July 2026).

Texas has no state personal income tax. The prohibition is anchored in the Texas Constitution and confirmed at the Texas Comptroller of Public Accounts (source: comptroller.texas.gov, checked July 2026). A Texas resident who rolls a pre-tax 401(k) into a self-directed precious metals IRA and later takes a taxable distribution owes federal ordinary income tax on the distribution, and no state income tax on top.

The state-tax edge of a Texas residence lands on the withdrawal side of the account. It does not appear as a discount from a referral site or from any downstream dealer. A California resident using a Midas-referred dealer would face California state income tax at distribution. A Texas resident using the same dealer would face no state income tax at distribution (source: irs.gov Publication 590-B, checked July 2026).

The Texas Bullion Depository is a state-chartered vault in Leander, administered by the Texas Comptroller of Public Accounts. It does not publish an approved-dealer list on its public pages (source: texasbulliondepository.gov, checked July 2026). A Texas reader who wants state-run storage rather than a private depository must confirm in writing with any Midas-referred dealer that the Leander vault is an available option for the account before signing.

The neutral takeaway for a Texas reader is short. Midas Gold Group has no Texas footprint on paper, historical or current. Its published depository list does not include the Leander vault. That does not stop a Texas resident from using a Midas-referred dealer, but it removes the "close to home" argument that other dealers can make when they publish a Dallas or Shiner depository listing on their own site.

The public regulatory record we could check

A retirement saver deciding on any smaller dealer, or any editorial referral site that routes to smaller dealers, should always check three primary sources at minimum. The Better Business Bureau profile covers complaint and review history. The SEC full-text search covers securities filings. The CFTC enforcement archive covers precious metals fraud cases federally. None of these are exhaustive on their own.

The BBB profile carries the A+ letter grade, the "Not BBB Accredited" status, and the 2.09 out of 5 customer review average discussed above. A live bbb.org search on July 4, 2026 returned an anti-bot challenge and could not be captured programmatically. The Wayback Machine captures dated June 24, 2025 and November 18, 2025 are the sources cited across this review (source: bbb.org Midas Gold Group profile and reviews, checked July 2026).

An SEC EDGAR full-text search for the exact phrase "midas gold group" returned no verifiable filings in the accessible time on July 2026. That is neither a clean bill of health nor an alarm. Most private precious metals dealers file no SEC reports because they are not public issuers. The absence of a filing is a factual, not a moral, finding (source: efts.sec.gov, checked July 2026).

A CFTC precious-metals fraud alert search on cftc.gov returned no press release page listing Midas Gold Group by name in the accessible time on July 2026 (source: cftc.gov site search, checked July 2026). The CFTC has taken enforcement action against other precious metals dealers in the past decade, and its site search is a reasonable first stop for a saver checking for public actions.

A Texas State Securities Board enforcement search returned no page listing Midas Gold Group on July 2026 (source: ssb.texas.gov, checked July 2026). A Texas resident considering any dealer should recheck this search directly on the state site before signing, and repeat the check quarterly during an active relationship.

FINRA is not the primary regulator for a coin dealer. It regulates broker-dealers and registered representatives. Midas Gold Group does not appear to be registered as a FINRA broker-dealer based on the accessible searches, which is consistent with the coin-dealer business model rather than a securities-dealer model (source: finra.org BrokerCheck, checked July 2026).

How the current site describes its account-opening process

The current midasgoldgroup.com does not describe a direct account-opening process for a Midas-run IRA. It describes an educational and referral flow. The steps below are the practical actions a reader should take when a research-and-referral site directs them toward one of the specific gold IRA companies the site reviews.

1. Confirm the receiving dealer before any personal information is shared. Ask which specific dealer the referral is routing you to and confirm the receiving dealer's legal name, address, and phone number on that dealer's own site before submitting any contact form on midasgoldgroup.com.
2. Request the receiving dealer's fee sheet in writing. Send an email to the receiving dealer asking for a written fee schedule covering account setup, annual custodian, annual storage, and coin-by-coin dealer spread. Ask that the sheet be signed, dated, and on company letterhead.
3. Confirm the trustee identity separately from the dealer. Under IRC Section 408 a self-directed IRA must be administered by a bank, an insured credit union, a savings and loan, or a non-bank trustee approved by the IRS. Ask the receiving dealer which trustee bank or trust company administers the account.
4. Confirm the depository name, city, and insurance carrier. Request the depository storage agreement in writing. Confirm the depository name, the city, the annual storage fee in dollars, and the insurance carrier. Confirm whether Leander storage at the Texas Bullion Depository is an option for a Texas resident.
5. Request a coin-by-coin price sheet before the funding wire. Ask the receiving dealer for a written price sheet listing every coin quoted, the quantity, and the spread over the London PM fix or the COMEX spot. Do not accept a verbal spread quote.
6. Confirm the buyback spread formula in writing. Ask the receiving dealer for the buyback formula, the minimum bid method, and any historical execution data available on request. Get the answer in writing before any purchase is placed.

These six steps are not unique to midasgoldgroup.com. They apply to any editorial site that routes readers to a specific gold IRA company. What matters here is that the routing entity, midasgoldgroup.com, does not itself hold your money or your metal. The receiving dealer does.

Worked example: a $60,000 Texas rollover through a research/referral site

Balanced pros and cons

Verdict: who Midas Gold Group fits, who it does not

Midas Gold Group presents as a domain with a real history as a Phoenix precious metals dealer. Its BBB profile shows A+ but "Not BBB Accredited," and a 2.09 out of 5 customer review average anchored in 2024 bankruptcy-related outcomes. The 2026 site has pivoted away from direct dealer to research and referral. That mix is unusual in this category.

One reader profile might still evaluate what midasgoldgroup.com publishes today. That reader treats the site as one editorial source among many, reads the /gold-ira-fees/ article for the industry-average context, and does not assume the site is selling any metal. They do their receiving-dealer due diligence separately, using the checklist above.

A different reader profile is unlikely to be a good fit. That reader values a clean company record without any bankruptcy-adjacent customer report. They want a currently published corporate address, phone number, and executive team page they can verify in a normal browser without bot challenges. They want a single point of accountability rather than a referral chain to a receiving dealer.

Neither reader should ignore the specific August 2024 BBB customer statement that gold and silver paid for were never deposited into the intended IRA. That is a first-hand consumer statement anchored in a public review page. It does not mean the outcome would repeat with any receiving dealer routed through the current site, but it is a data point worth carrying into any account-opening call.

When a precious metals IRA is the wrong move

Frequently asked questions

By Harry's Coins Editorial. Last reviewed July 2026.