Thor Metals Group: The Short Answer
Thor Metals Group is a young dealer, founded in 2023 and based in El Segundo, California, that competes on low upfront costs: no setup fee and storage covered for two years on qualifying accounts. Its short track record is the main question mark. For retirement savings, we prefer the longer histories of Augusta Precious Metals (since 2012) and Noble Gold.
Thor Metals Group at a Glance
| Founded | 2023 |
|---|---|
| Headquarters | El Segundo, California |
| Reported minimum | $10,000 (Yahoo Finance) |
| Reported fees | $0 application; $0 for two years, then about $250/yr (Yahoo) |
| Claimed markups | About 1%–3% over spot, per the founder (Money Talks News) |
| Metals | Gold, silver, platinum |
| BBB | Accredited, A rating (not A+) |
| Trustpilot | 4.8 stars |
Sources: Yahoo Finance 2026; Money Talks News.
Thor Metals Fees
Thor's pitch is low upfront cost. Yahoo Finance reports no application fee and no annual fees for the first two years, then about $250 a year. Money Talks News describes storage covered for two years on qualifying accounts, then about $100 a year for storage, with custodian and depository fees charged separately. Thor's founder told Money Talks News that markups run about 1% to 3% over spot, but prices aren't published online, so get that in writing on your specific products.
The Track-Record Question
A company founded in 2023 simply hasn't been through many market cycles or years of customer buybacks. That doesn't mean anything is wrong, but for retirement money, many savers prefer a longer history. Thor holds a BBB A rating rather than the A+ held by most established competitors.
Metals and Process
Thor sells gold, silver, and platinum bars and coins meeting IRS purity standards, using third-party custodians and approved depositories. Money Talks News flags limited track record, no live pricing, and a fee structure that may not suit smaller accounts as the main concerns.
Low Markup Claims: How to Check Them
- Ask for a written quote on specific products, such as 1-oz Gold Buffalos.
- Note the spot price at the time of the quote.
- Divide the price by the spot value to get the true premium.
- Request the same quote from Augusta or Noble Gold and compare.
Thor Metals Group Pros and Cons
Pros
- No application fee
- Fees covered for two years on qualifying accounts
- Low markups claimed by the founder
- Strong early Trustpilot rating
Cons
- Founded in 2023; short track record
- BBB A rather than A+
- No published pricing
- No palladium
How Thor Metals Group Compares With Our Top Picks
| Augusta Precious Metals | Noble Gold | Thor Metals Group | |
|---|---|---|---|
| Reported minimum | $50,000 | $20,000 | $10,000 |
| Reported fees | ~$225/yr; zero fees up to 10 years (qualifying) | $80 application; $275/yr | $0 for 2 years, then ~$250/yr |
| Metals | Gold, silver | All four | Gold, silver, platinum |
| Support / buyback | Lifetime; salaried educators (company-stated) | Assigned specialists; stated buyback | Buyback not detailed |
Augusta and Noble Gold figures from Yahoo Finance and independent reviews; see our Augusta review and Noble Gold review.
Who Should Consider Thor Metals Group?
Thor may appeal to cost-focused buyers comfortable with a newer company. Get the claimed markup in writing on the exact products, and compare with Augusta's fee waiver if your balance qualifies.
Questions to Ask Before You Sign
- What are the setup, custodian, and storage fees, in writing?
- What is the price per ounce and the spot price for each product you recommend?
- What would the order cost without any bonus or promotion?
- Which custodian and depository will hold my account?
- How is your buyback price calculated?
Augusta's company comparison checklist and our 10-point checklist cover these in more depth.
Our Verdict
Thor Metals Group has an appealing cost pitch but little history. We rank it #8 of 8. For $50,000 or more, Augusta pairs a fee waiver for qualifying accounts with a track record since 2012; for smaller balances, Noble Gold is our pick.
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Frequently Asked Questions
Is Thor Metals Group Legit?
It's a BBB-accredited dealer founded in 2023. Its main drawback is a short track record.
Does Thor Metals Charge Fees?
No application fee and no annual fees for two years on qualifying accounts, then about $250 a year, per Yahoo Finance.
Where Is Thor Metals Group Located?
El Segundo, California.
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