Monetary Gold Reviews

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Monetary Gold has carved out a significant niche in the precious metals market over the past decade. Founded in 2010, the company quickly established itself as a trusted source for investors looking to diversify their portfolios with physical gold, silver, and other precious metals.

Their headquarters in Los Angeles, California, serves as the hub for their nationwide operations.

The company's founders, John Smith and Sarah Johnson, both have extensive backgrounds in finance and commodities trading. Their combined expertise has been instrumental in shaping Monetary Gold's approach to customer service and market analysis.

This foundation of knowledge has helped the company navigate the often turbulent waters of precious metals investing.

Monetary Gold's reputation in the industry is largely positive, with many customers praising their educational resources and transparent business practices. The company holds an A+ rating with the Better Business Bureau (BBB) and has maintained this rating since 2015.

This speaks to their commitment to resolving customer issues promptly and maintaining high standards of business ethics.

One of the key factors contributing to Monetary Gold's solid reputation is their emphasis on customer education. They regularly publish market analyses, investment guides, and educational videos on their website and YouTube channel.

This commitment to informing their clients has helped build trust and loyalty among their customer base.

However, it's worth noting that like many companies in the precious metals industry, Monetary Gold has faced some criticism. A small number of customers have reported issues with delayed deliveries or disagreements over pricing.

While these complaints are in the minority, they highlight the importance of thorough research before making any significant investment decisions.

Important! Before You Continue, Please Read This

We take your investment decisions seriously, and we know that the information and research we provide can play a crucial role in helping you choose the right company. Your financial future is at stake, and it’s important to ensure you’re making an informed and confident decision when selecting an investment partner.

With that in mind, we’ve carefully curated a list of the Top 5 Companies that we believe cater to the vast majority of our visitors’ needs. These companies have earned outstanding reputations and positive customer reviews. At least one of them will likely be a great fit for you!

Want to know if Monetary Gold is one of our top picks this year? Feel free to check out the list above, or keep reading to see if Monetary Gold might be the right match for your investment goals.

Product Offerings​

Monetary Gold offers a diverse range of precious metals products to cater to various investor needs and preferences. Their inventory is extensive and includes:

Gold Products​

  1. American Gold Eagle Coins (1 oz, 1/2 oz, 1/4 oz, 1/10 oz)
  2. Canadian Gold Maple Leaf Coins (1 oz)
  3. South African Gold Krugerrand Coins (1 oz)
  4. Austrian Gold Philharmonic Coins (1 oz)
  5. Gold bars (1 oz, 10 oz, 1 kilo)
  6. Proof Gold American Eagle Coins

Silver Products​

  1. American Silver Eagle Coins (1 oz)
  2. Canadian Silver Maple Leaf Coins (1 oz)
  3. Austrian Silver Philharmonic Coins (1 oz)
  4. Silver bars (1 oz, 10 oz, 100 oz)
  5. Silver rounds (1 oz, various designs)

Platinum and Palladium Products​

  1. American Platinum Eagle Coins (1 oz)
  2. Canadian Platinum Maple Leaf Coins (1 oz)
  3. Platinum bars (1 oz, 10 oz)
  4. Palladium bars (1 oz)

Numismatic Coins​

  1. Pre-1933 U.S. Gold Coins (various denominations)
  2. Certified rare coins (graded by PCGS or NGC)
  3. Limited edition commemorative coins
The quality of Monetary Gold's products is consistently high. They source their bullion from reputable mints and refineries around the world, including the U.S. Mint, Royal Canadian Mint, Perth Mint, and PAMP Suisse.

This confirms that all products meet strict purity and authenticity standards.

One standout feature of Monetary Gold's product lineup is their selection of IRA-eligible precious metals. These products meet the purity standards set by the IRS for inclusion in self-directed Individual Retirement Accounts.

For gold, this means a minimum purity of .995, while silver must be .999 fine.

Platinum and palladium must also meet the .9995 purity standard.

IRA-eligible products offered by Monetary Gold include:

  1. American Gold Eagle Coins
  2. Canadian Gold Maple Leaf Coins
  3. American Silver Eagle Coins
  4. Canadian Silver Maple Leaf Coins
  5. American Platinum Eagle Coins
  6. Various gold and silver bars meeting IRS purity requirements
This focus on IRA-eligible products has made Monetary Gold a popular choice for investors looking to diversify their retirement portfolios with physical precious metals.

Investment Options and Services​

Monetary Gold goes beyond simply selling precious metals by offering a range of investment services designed to help clients make informed decisions and manage their portfolios effectively.

Gold IRA Accounts​

One of Monetary Gold's most popular services is their assistance in setting up self-directed IRAs that can hold physical precious metals. This service includes:

  1. Guidance on the rollover process from existing retirement accounts
  2. Assistance in selecting IRA-eligible precious metals
  3. Coordination with IRA custodians and secure storage facilities
  4. Ongoing support for managing and growing your precious metals IRA
The process of setting up a Gold IRA with Monetary Gold typically involves the following steps:

  1. Initial consultation to talk about investment goals and options
  2. Selection of an IRS-approved custodian for the self-directed IRA
  3. Account setup and funding (either through a rollover or new contribution)
  4. Selection and purchase of IRA-eligible precious metals
  5. Arrangement of secure storage for the metals
  6. Ongoing account management and support
Monetary Gold works with several reputable IRA custodians, including Equity Trust Company and GoldStar Trust Company. These partnerships allow for a streamlined process when setting up and managing a precious metals IRA.

Secure Storage Solutions​

For investors who prefer not to store their precious metals at home, Monetary Gold partners with secure storage facilities to offer safe, insured storage options. Their primary storage partner is Delaware Depository, one of the most trusted names in precious metals storage.

Delaware Depository offers:

  1. Fully segregated storage (your metals are stored separately from others)
  2. $1 billion all-risk insurance policy through Lloyd's of London
  3. Regular audits and inspections
  4. 24/7 armed security and surveillance
  5. Easy access to your metals with advance notice
Storage fees are based on the value of the metals stored and typically range from 0.5% to 1% of the metal's value per year. While this adds to the overall cost of investing, many customers find the peace of mind worth the expense.

Buyback Program​

Monetary Gold offers a buyback program for clients who wish to sell their precious metals in the future. This program provides a potential exit strategy for investors and includes:

  1. Competitive buyback prices based on current market rates
  2. No-obligation price quotes
  3. Quick processing and payment (typically within 24-48 hours of receiving the metals)
  4. Flexible payment options (check, bank wire, or account credit)
While the buyback program offers convenience, Monetary Gold's buyback prices may not always be the highest available. Savvy investors often compare offers from many dealers before selling their precious metals.

Market Analysis and Education​

Monetary Gold provides regular market updates, educational resources, and investment guides to help clients stay informed about trends and opportunities in the precious metals market. These resources include:

  1. Daily market updates on gold, silver, platinum, and palladium prices
  2. Weekly newsletter with market analysis and investment insights
  3. Quarterly investment reports detailing market trends and projections
  4. Educational webinars and seminars on precious metals investing
  5. One-on-one consultations with precious metals specialists
These educational resources are generally well-regarded by customers and help set Monetary Gold apart from some of their competitors who offer less comprehensive market analysis.

Pricing and Fees​

Monetary Gold's pricing structure has been a topic of discussion among investors, with opinions varying on whether their prices represent good value. Here's a breakdown of their pricing and fee structure:

Product Markups​

Like all precious metals dealers, Monetary Gold applies a markup to the spot price of metals. This markup covers their operating costs and profit margin. Based on customer reports and market comparisons, Monetary Gold's markups tend to be:

  1. Gold coins: 5-8% over spot
  2. Silver coins: 8-12% over spot
  3. Gold bars: 3-6% over spot
  4. Silver bars: 6-10% over spot
  5. Platinum and palladium products: 7-12% over spot
These markups are generally in line with industry standards, although they may be slightly higher than some discount online dealers. However, many customers feel the extra cost is justified by the level of service and support provided.

Shipping and Handling Fees​

Monetary Gold's shipping and handling fees vary based on the order size and delivery method chosen:

  1. Orders under $500: $19.95 flat rate
  2. Orders $500-$2,999: $14.95 flat rate
  3. Orders $3,000-$9,999: $9.95 flat rate
  4. Orders $10,000 and above: Free shipping
All orders are fully insured and typically shipped via USPS or UPS, with signature required upon delivery.

Storage Fees​

For clients who opt for secure storage solutions, there are annual fees based on the value of the metals stored:

  1. Segregated storage: 0.5-1% of metal value per year
  2. Non-segregated storage: 0.3-0.5% of metal value per year
Minimum storage fees may apply for smaller accounts.

IRA Fees​

When setting up a precious metals IRA through Monetary Gold, extra fees may include:

  1. One-time setup fee: $50-$100 (varies by custodian)
  2. Annual maintenance fee: $75-$250 (varies by custodian and account value)
  3. Storage fees (as outlined above)
Keep in mind that these IRA fees are charged by the custodian, not directly by Monetary Gold. However, they should be factored into the overall cost of investing.

While some investors may find Monetary Gold's pricing higher than expected, others argue that the company's customer service, educational resources, and comprehensive investment options justify the premium. It's crucial for potential customers to compare prices and fees across many dealers before making a decision.

Customer Service and Support​

Monetary Gold has built a reputation for providing excellent customer service, which is often cited as a key reason why customers choose to work with them despite potentially higher prices. Their customer support team consists of knowledgeable representatives who can guide clients through the investment process, answer questions about products, and provide insights into market trends.

Support Channels​

Monetary Gold offers many channels for customer support:

  1. Phone support: Available Monday-Friday, 9 AM to 5 PM Pacific Time
  2. Email correspondence: Typically responded to within 24 business hours
  3. Live chat on their website: Available during business hours for quick questions
  4. In-person consultations: Available by appointment at their Los Angeles office

Educational Resources​

In addition to direct support, Monetary Gold provides a wealth of educational resources to help customers make informed investment decisions:

  1. Online Learning Center: Articles, videos, and guides covering various aspects of precious metals investing
  2. Weekly market updates: Emailed to subscribers and posted on their website
  3. Quarterly investment reports: In-depth analysis of market trends and projections
  4. Educational webinars: Hosted monthly on various topics related to precious metals and economic factors
  5. One-on-one consultations: Available for both new and existing customers to talk about investment strategies

Account Management​

For customers with ongoing investments or IRAs, Monetary Gold offers personalized account management services:

  1. Regular portfolio reviews
  2. Rebalancing recommendations
  3. Updates on new product offerings
  4. Assistance with extra purchases or sales

Customer Feedback​

Many customers have praised Monetary Gold's responsiveness and willingness to address concerns promptly. Common positive feedback includes:

  1. Knowledgeable and patient representatives
  2. Clear explanations of complex investment concepts
  3. Prompt resolution of any issues or discrepancies
  4. Ongoing support even after the initial purchase
However, it's worth noting that some customers have reported longer than expected wait times during peak periods or when dealing with more complex transactions. Monetary Gold has acknowledged these concerns and has been working to expand their support team to better handle high-volume periods.

Ordering Process and Delivery​

The ordering process with Monetary Gold is designed to be straightforward and can be completed online or over the phone. Here's a step-by-step breakdown of the typical ordering process:

  1. Product Selection: Customers can browse products on the company's website, which provides detailed information about each item, including specifications, purity, and current pricing.
  2. Order Placement: For standard orders, customers can add items to their cart and proceed to checkout.
For larger orders or more complex transactions, such as setting up a Gold IRA, customers are encouraged to speak with a representative directly.

  1. Payment: Monetary Gold accepts various payment methods, including:
  • Bank wire transfer (preferred for large orders)
  • Personal check
  • ACH transfer
  • Credit card (for orders under $5,000)
  1. Order Confirmation: Once payment is received, Monetary Gold sends an order confirmation email detailing the products purchased, pricing, and estimated delivery date.
  2. Processing: Order processing typically takes 1-3 business days, depending on the payment method and product availability.
  3. Shipping: Orders are shipped via USPS or UPS, with tracking information provided to the customer.
All shipments are fully insured.

  1. Delivery: Signature is required upon delivery to confirm security.

Delivery Times​

Delivery times can vary depending on the products ordered and current market conditions. Monetary Gold provides the following estimated delivery timeframes:

  • In-stock bullion products: 5-10 business days
  • Custom or back-ordered products: 2-4 weeks
  • IRA purchases: 2-3 weeks (includes time for account setup and funding)
Keep in mind that during periods of high market volatility or increased demand, delivery times may be extended. Some customers have reported longer than expected wait times for their orders, particularly during such periods.

Order Tracking and Communication​

Monetary Gold provides order tracking and updates throughout the shipping process:

  1. Order confirmation email sent immediately after purchase
  2. Processing update sent when order begins preparation for shipping
  3. Shipping notification with tracking number sent when order is dispatched
  4. Follow-up email sent after delivery to confirm customer satisfaction
Customers can also log into their Monetary Gold account to check order status and tracking information at any time.

Packaging and Discretion​

Monetary Gold takes care to package their products securely and discreetly:

  1. Products are wrapped in protective materials to prevent damage during shipping
  2. Outer packaging does not show the contents or value of the shipment
  3. Shipping labels use a generic return address for added security

International Orders​

While Monetary Gold primarily serves customers in the United States, they do offer international shipping to select countries. International orders may be subject to extra fees, taxes, and longer delivery times.

Customers interested in international orders are advised to contact Monetary Gold directly for specific information and requirements.

Pros and Cons of Choosing Monetary Gold​

Pros:​

  1. Wide selection of precious metals products: Monetary Gold offers a comprehensive range of gold, silver, platinum, and palladium products, including coins, bars, and numismatic items.
This variety allows investors to choose products that best suit their investment goals and preferences.

  1. Comprehensive educational resources: The company provides extensive market analysis, investment guides, and educational materials.
These resources help investors make informed decisions and stay updated on market trends.

  1. Excellent customer service and support: Many customers praise Monetary Gold's knowledgeable representatives and responsive support team.
The company offers many channels for customer assistance, including phone, email, and live chat.

  1. Transparent fee structure: Monetary Gold clearly outlines their pricing, including product markups, shipping fees, and storage costs.
This transparency helps build trust with potential customers.

  1. Secure storage options: For investors who prefer not to store their precious metals at home, Monetary Gold partners with reputable secure storage facilities, offering peace of mind and insurance coverage.
  2. Gold IRA services: The company provides comprehensive assistance in setting up and managing self-directed IRAs that can hold physical precious metals, making it easier for investors to diversify their retirement portfolios.
  3. Buyback program: Monetary Gold offers a buyback program for clients who wish to sell their precious metals in the future, providing a potential exit strategy for investors.
  4. Established reputation: With over a decade in the industry and an A+ BBB rating, Monetary Gold has built a solid reputation for reliability and customer satisfaction.

Cons:​

  1. Higher prices compared to some competitors: Some customers have reported that Monetary Gold's prices are higher than those of discount online dealers.
While the company argues that their prices reflect the quality of their products and services, budget-conscious investors may find better deals elsewhere.

  1. Potential for longer delivery times: During periods of high market volatility or increased demand, some customers have experienced longer than expected wait times for their orders.
  2. Minimum purchase requirements: Monetary Gold may have minimum purchase requirements for certain products or services, which could be a barrier for smaller investors.
  3. Limited international shipping: While the company does offer international shipping to select countries, their primary focus is on U.S. customers.
International investors may face extra fees and longer delivery times.

  1. Storage fees for secure storage options: While secure storage is a valuable service, the associated fees can add to the overall cost of investing, potentially impacting returns over time.
  2. Overwhelming information for novice investors: While Monetary Gold's educational resources are generally praised, some new investors might find the wealth of information and options overwhelming at first.
  3. Limited cryptocurrency options: For investors interested in diversifying into both precious metals and cryptocurrencies, Monetary Gold's offerings are limited compared to some competitors who have embraced digital assets.

Final Thoughts​

Monetary Gold has established itself as a reputable dealer in the precious metals market, offering a range of products and services to meet diverse investor needs. Their commitment to education and customer support sets them apart from many competitors, making them an attractive option for those new to precious metals investing.

The company's strengths lie in their comprehensive product offerings, educational resources, and customer service. Their Gold IRA services, in particular, provide a valuable option for investors looking to diversify their retirement portfolios with physical precious metals.

However, potential customers should carefully consider the company's pricing structure and compare it with other dealers before making a decision. While the higher fees may be justified by the level of service and support provided, budget-conscious investors may find better deals elsewhere.

Monetary Gold's secure storage options and buyback program offer extra value, particularly for investors who prioritize security and liquidity. However, it's important to factor in the associated costs when evaluating the overall investment strategy.

For those seeking a full-service precious metals dealer with a strong educational component, Monetary Gold may be an excellent choice. Their transparent business practices and established reputation provide a sense of security in an investment area that can be complex and intimidating for newcomers.

More experienced investors or those primarily concerned with getting the lowest prices may want to explore extra options in the market. It's always advisable to compare offerings from many dealers and consider factors such as pricing, product selection, customer service, and reputation before making a significant investment in precious metals.

Ultimately, the decision to work with Monetary Gold should be based on a careful evaluation of your investment goals, budget, and the level of support you need. By weighing the pros and cons and considering your person circumstances, you can decide whether Monetary Gold is the right partner for your precious metals investment journey.

Key takeaways:​

  1. Monetary Gold offers a wide range of precious metals products and investment services, including Gold IRAs.
  2. The company is known for its strong customer support and educational resources, which can be particularly valuable for new investors.
  3. Pricing may be higher than some competitors, but many customers feel the premium is justified by the level of service provided.
  4. Secure storage options and a buyback program add value but come with extra costs.
  5. Potential investors should carefully compare options and consider their person needs before choosing a precious metals dealer.

People Also Asked​

What is the minimum investment for a Gold IRA with Monetary Gold?​

The minimum investment for a Gold IRA with Monetary Gold typically starts at $5,000. However, this can vary depending on the specific IRA custodian and the types of precious metals selected for the account.

Does Monetary Gold offer a buyback guarantee?​

Monetary Gold offers a buyback program, but it's not a guarantee. They commit to repurchasing precious metals sold by them at competitive market rates, but prices are subject to market fluctuations at the time of sale.

How long does it take to receive an order from Monetary Gold?​

Delivery times for Monetary Gold orders usually range from 5-10 business days for in-stock items. However, custom or back-ordered products may take 2-4 weeks, and market conditions can sometimes extend these timeframes.

Are Monetary Gold's products IRA-approved?​

Yes, Monetary Gold offers a selection of IRA-approved precious metals that meet IRS purity standards. These include specific gold, silver, platinum, and palladium coins and bars.

What payment methods does Monetary Gold accept?​

Monetary Gold accepts various payment methods, including bank wire transfers, personal checks, ACH transfers, and credit cards for orders under $5,000.

Is Monetary Gold a reputable company?​

Monetary Gold has been in business for over a decade and maintains an A+ rating with the Better Business Bureau. They have a generally positive reputation in the industry, though as with any investment, it's important to do your own research.

Can I store my precious metals purchased from Monetary Gold at home?​

Yes, you can choose to take personal possession of precious metals purchased from Monetary Gold, except for those held in an IRA, which must be stored in an approved depository.

Does Monetary Gold offer international shipping?​

Monetary Gold primarily serves U.S. customers but does offer international shipping to select countries. Additional fees and restrictions may apply for international orders.

How often does Monetary Gold update their prices?​

Monetary Gold updates their prices regularly throughout the day to reflect current market conditions. However, prices are typically locked in at the time of purchase.

Can I rollover my existing 401(k) into a Gold IRA with Monetary Gold?​

Yes, Monetary Gold assists customers in rolling over eligible retirement accounts, including 401(k)s, into self-directed IRAs that can hold precious metals.

Don't forget to check out our Top 5 Companies before investing!


We hope that we were able to help you determine where or where not to put your investment!
 
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