Monetary Gold

Monetary Gold

Monetary Gold
4.6(84)
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Overall Rating4.6 out of 5
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About Monetary Gold

Monetary Gold is a direct precious metals dealer that can help you invest in gold, silver, platinum or palladium. It offers both cash purchases and self-directed gold and silver IRAs. Depository storage is available through Delaware Depository. You can contact Monetary Gold for a free coin guide, TSP guide or gold IRA guide to learn more.

Pros & Cons

Pros

  • Free shipping for new clients
  • Offers gold and silver IRAs
  • Large selection of investments

Cons

  • Not available on weekends or holidays
  • Prices not listed online

Bottom Line

Monetary Gold deals in precious metals. Clients enjoy perks like free shipping and access to workshops with trusted advisors. Customer service isn’t always available, but you can monitor your account online.

Featured Reviews

Verified
Hendersonville, NC

The three people who guided me through my investment are phenomenal. ... They made me feel at ease through the complete process. They answered every question I asked to my satisfa...

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Verified
Sonora, CA

Monetary Gold's customer service is first class! Not only did they walk me through the process of setting up a precious metals IRA but they handled all of the paperwork and made t...

Read full review

Gold and other precious metal IRAs are an investment and carry risk. Consumers should be alert to claims that customers can make a lot of money in these or any investment with little risk. As with any investment, you can lose money and past performance is not a guarantee of future performance results. Consumers should also obtain a clear understanding of the fees associated with any investment before agreeing to invest.

What is Monetary Gold?

Monetary Gold is a precious metals dealer that specializes in gold and silver investment products, including rare, foreign, modern proof, bullion and semi-numismatic versions of mass-produced coins. Monetary Gold can also help you open a precious metals IRA and fund your account with IRS-approved precious metals.

Metal prices fluctuate depending on several factors, including their mintage, scarcity and demand. Be aware that proof coins usually have a premium beyond the value of their metal content, too. Some popular options (separated by class) include:

  • Bullion coins: Gold Austrian Philharmonic, South African Krugerrand, gold Canadian Maple Leaf, gold and silver American Eagle and American Gold Buffalo coins
  • Rare U.S. coins: Saint Gaudens, Liberty and Indian gold coins
  • Foreign coins: Gold British Sovereign, German mark, Swiss franc, French franc Angel, french franc, Napoleon III franc, Italian lire and Belgium franc coins
  • Modern proof coins: Gold and silver American Eagle coin sets

Monetary Gold storage

Once you fund your IRA, Monetary Gold transfers the precious metals to the depository on your behalf.

  • Shipping and delivery: Shipments are fully insured and require signatures upon arrival.
  • Storage: Metals are stored at Delaware Depository Service Company. This facility has high-security vaults, monitored security devices and redundant alarms.

Once your metals are stored, Monetary Gold provides quarterly statements and calls with updates about market conditions.

If you’re not using an IRA and you want your metals delivered to you, you can select from FedEx, USPS or UPS for shipping. This option costs a $30 flat fee.

Monetary Gold fees

With Monetary Gold, you pay $100 per year to store and insure up to $100,000 of gold. For accounts over $100,000, it costs $1 for every additional $1,000 of gold. For example, if you have $150,000 of gold, your annual fee would be $150.

Monetary Gold requires a $10,000 minimum investment.

Monetary Gold FAQ

Can I get a Monetary Gold IRA if I already have a retirement savings account?

Yes. You can have multiple retirement accounts, and Monetary Gold can help you roll over your 401(k) or 403(b) into a precious metals IRA without incurring penalties or taxes. Transfers are available for traditional, Roth or SEP IRAs as well.

How long does it take to set up an IRA with Monetary Gold?

It takes Monetary Gold about two to three days to open a gold IRA account after processing begins.

What metals can I include in my Monetary Gold IRA?

You can have gold, silver, platinum and palladium in an IRA with Monetary Gold.

Is there a minimum investment to open a Monetary Gold IRA?

The required minimum investment amount is $10,000 to purchase either IRA or non-IRA investment metals.

Where is the Monetary Gold headquarters located?

Monetary Gold is headquartered in Woodland Hills, California.

Do we recommend Monetary Gold?

Monetary Gold is a viable option if you’re interested in investing in precious metals, but it doesn’t have much that makes it stand out from other gold IRA companies. Still, it may be worth learning more to see if it’s right for you. You can also take advantage of the company’s free workshops to learn more about how to invest in gold and other precious metals.

Monetary Gold Reviews

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Page 1 Reviews 0 - 5
Verified purchase
StaffTransparency

Reviewed Aug. 29, 2023

I’m nervous about where our economy is going so I was doing research. I have friends that buy gold and silver and I reached out to Goldco and one other company. But when I got ahold of Nick, the rep from Monetary Gold, he was so clear and concise. He told me where the gold and silver were going and those were the decisions I made based on his professionalism and his expertise in the field. He has been excellent in information and he let me know everything that's going on.

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Response from Monetary Gold

Hi John,

Thank you for choosing Monetary Gold. Yes, you are correct. Our economy is not headed in a good direction. With banks crashing, debt going higher, and Congress drunk on spending, the future will see some shaky ground. You made the right choice. We'll keep you up to date on your metals performance.

Thank you again,

Mark

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    Verified purchase
    Staff

    Reviewed Aug. 24, 2023

    The representative that I was talking to was very informative. He brought more things to my attention. He made me more aware of more options that I had. He seemed more in detail with some of their offerings that they gave me. Although they did give me a less of a signing bonus, I was more pleased with their service. The representative was willing to share his knowledge that he has with me and to help me make different decisions. He was not pushing one thing on me. He took his time out to make sure I was happy and satisfied.

    The coins are limited and they would hold more value than they’re holding at present. I was looking at having pieces that are closer to the value of the weight. I wasn't expecting already tradable coins that are already worth more than their weight. When I came down to seeing my money in my account, it goes not by what the coins are worth but by the weight of the product. So it seems like I'm getting shafted for money. That wasn't explained to me. I went with the coins because I know they go up in value faster than just the bullion. I know there's a better rate of return for it. I was expecting to get newer coins opposed to older coins and I'd get closer to the amount of what I was putting in. Other than that, I was happy with Monetary Gold.

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    Customer ServicePriceStaff

    Reviewed Aug. 23, 2023

    I called Monetary Gold and Chris called me back. We had several nice conversations. He's a good old boy and it seemed like he would be fair and honest. I decided to buy some silver from him. I was interested in buying silver because I didn't think I could afford any gold. Chris was very candid with me. He said it was a small order but he would still do it. He seemed like a nice guy so I bought $5,000 worth of silver. Once they delivered it, I was able to order another $5,000 worth of silver. I made some decisions about my portfolio and how imbalanced it was, so I bought more silver. I bought another 15,000. It was a total of 25,000 silver in three buys.

    The process was a little difficult, mainly, because Monetary Gold never gave me any paperwork in advance. That made me a little leery. But after three successful silver orders, I did a gold order and they delivered. Their deliveries got better over time. The only thing I'm a little apprehensive about is I bought gold spade guineas. It was the coins and not the bullion. I paid a premium and it looks like it’s a little bit overpriced. Other than that, I'm satisfied.

    I talked to Chris a little bit about some of my other holdings in cryptocurrencies and he tried to dissuade me. He wasn't really trying to talk me out of selling my cryptos and buying more gold or silver. He wasn't like that. He was just trying to help me be cautious. That's ok. I've talked to my family a bit about Monetary Gold. I have a lot of friends in Sandoval where I live and I've referred three or four different people directly to Chris. I talked to my friend, Jackie, and put her on to Chris. She bought some one round of silver worth 25 grand.

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    Staff

    Reviewed Oct. 5, 2022

    How I wish we had originally signed up with Monetary Gold in the beginning instead of the company we went with; we would have ended up being so much better off!! MG has kept reaching out to us, helping us, which hasn't been very easy because of our difficult situation. We really appreciate all their help and suggestions in getting our investment out of where it was and over to them. Very happy with them!

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    Response from Monetary Gold

    Hi Jerry,

    I'm so sorry about the issues that you had with the other company. I'm glad we were able to help get things worked out. Welcome to the Monetary Gold Family. We'll periodically keep in touch to give you an update on how the markets are and how you're doing. Thank you again for the great review.

    Mark

    Verified purchase
    Staff

    Reviewed Sept. 30, 2022

    I had been working with another company in reference to transferring my 401 over to Gold/Silver. When Jonathan ** contacted me and educated me on Monetary's offers as well as education in general, I immediately switched to him. I could not believe how on top of my account he was. It was about a 4-day adventure with him whereas with the other company it was well over a month and the transfer was still not completed, I would recommend him and this company to everyone.

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    Response from Monetary Gold

    Hi Virginia,

    I'm so sorry to hear about the issues with the other company. I'm glad that together we got them worked out and got you on the right track. Thank you for the great review.

    Mark

    Verified purchase
    Customer ServiceStaff

    Reviewed Sept. 3, 2023

    Customer service has been great. They have been very helpful, thoughtful and educational. They followed through with what they said. They helped me get everything transferred over from a self-employed 401(k). It was nice to get some help with that. But I wish they had an app for real-time tracking of what's going on.

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    Response from Monetary Gold

    Hi Frederick,

    Thank you for sharing your experience. I'm glad it all worked out. Welcome to the Monetary Gold. In regards to an app, that really would be cool. Maybe something to consider for the future.

    Again thank you,

    Mark

    Verified purchase
    Customer ServiceStaff

    Reviewed Aug. 29, 2023

    I like that I'm able to reach whatever information Monetary Gold has about their offices and where they're located. Their representatives were very professional, calmed some of my fears and anxieties and made a claim to me that each decision was mine. They were just giving me the information and the decision would be mine. So, I like that. So far, I haven't had any problems. They're prompt with getting back with me. If I don't get them on the phone when I call, they have someone get right back with me. Right now, everything seems to be in order and professional.

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    Verified purchase
    Staff

    Reviewed Aug. 29, 2023

    Monetary Gold's representatives were very considerate, very kind, seemed to be well-spoken, and knowledgeable of what they were doing. They were very good with what they did. The only thing is State Farm drag their feet for about a month before they finally released the money, which aggravated me about them but that's not any part on Monetary Gold. They continued to reach out to see what they could do and also what the issue was. Monetary has been great with me. They gave me the packet, they gave me the information, and they were spot-on. They were very quick to get involved and very quick to do their work, which I appreciated.

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    Response from Monetary Gold

    Hi Donald,

    That is so good to hear. I'm glad things worked out. Let me say welcome to the Monetary Gold Family. We'll stay in touch and keep you up to date. The next several years look good for metals in general. You made a good choice.

    Mark

    Verified purchase
    Staff

    Reviewed Aug. 29, 2023

    The reps at Monetary Gold have been nice. They said they had some specials and that sounded good. It didn't turn out the way I thought it would, but they offered to fix it a time or two so I'm not dissatisfied.

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    Response from Monetary Gold

    Hi Dan!

    First, let me say thank you for choosing Monetary Gold. We appreciate your business. Welcome to the family. I'm sorry the specials didn't work out. I'll look into that. We'll also keep you updated on how things are going in the marketplace.

    Thank you again,

    Mark

    Verified purchase
    StaffTransparency

    Reviewed Aug. 26, 2023

    I like how Monetary Gold operates. I like the turnaround rate of when I was going to order the gold and receive it, within 30 days. The reps are very informed. They explained to me a lot about purchasing gold and what I had to know. They answered all my questions efficiently and effectively.

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    Response from Monetary Gold

    Hi Maureen,

    Thank you for sharing those kind words. That is wonderful to hear. We will keep you up to date on how your metals are doing. These next several years are looking really good for Gold. Thank you again for sharing.

    Mark

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    Monetary Gold Company Information

    Company Name:
    Monetary Gold
    Website:
    monetarygold.com