Monetary Gold

Monetary Gold Reviews

Monetary Gold Reviews
4.5(95)
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Overall Rating4.5 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...

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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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Verified purchase
Customer ServiceStaff

Reviewed Nov. 5, 2023

I wanted to move as much money out of the bank as I could and picked Monetary Gold out of the phone directory. I like to talk when I get on the phone. Business-wise, the rep knew what he was talking about and he was pleasant. He usually calls me and he transfers me over to his boss. One of the supervisors there was a prior Air Force. We got to talk about business and he always had something really interesting to talk about. I enjoyed listening to him. The only thing was I ordered quite a large batch of silver coins and it seemed to have taken way too long to get ahold of them and get them shipped. I was anxious about that for a few days. Once they got ahold of the silver, they expedited the shipment and had it to me in two days’ time. I'd encourage friends to do Monetary Gold.

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    Verified purchase
    StaffTransparency

    Reviewed Oct. 28, 2023

    They were very good. Everybody was super helpful and they walked me through every step because I told them I didn't know what I was doing about it. I never did this before. So they gave me ideas. Also, I talked to the company that was managing the 401k. Everybody was really good. I rolled 401k into gold and silver as a 401k retirement account. The process was relatively easy. I had to make multiple contacts, back and forth, with various people before I got straightened out and there was paperwork. Overall, it was different for me, but it wasn't too bad.

    Once the 401k got to Monetary Gold to buy, they gave me the total breakdown of how much I was getting. They also told me the purity of the product and how many of each coin I was getting it and the value of that whole group and how much the quantity. So they were very precise and helpful, and I like them. They were easy to work with and they seemed very knowledgeable. If I ever get more money, I would purchase more from them.

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    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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    Monetary Gold
    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

    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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    Response from Monetary Gold

    Hi Todd,

    I'm proud to read what you wrote. That makes me happy that you were pleased with our service even though the bonus wasn't as big. Sorry about. We'll make sure you know how your metals are performing as time goes on.

    Thanks again,

    Mark

    Verified purchase
    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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    Response from Monetary Gold

    Hi Eric,

    Sounds like you had fun buying Silver. To be honest with you, I do too. I'm excited that you are a part of the Monetary Gold family. Chris will reach out from time to time to keep you updated.

    Thanks for there great review,

    Mark

    Verified purchase
    Customer ServiceStaff

    Reviewed Nov. 4, 2023

    I've had a very positive experience with Monetary Gold. They're always available, first off. There's always someone to answer the phone. They've always answered my questions. I've always been satisfied when the phone call was over that everything I was requesting or asking now had an answer. I called them with one particular investment in mind and they went with that, but they also discussed with me some alternatives. The alternative was consistent with what I wanted to do in the first place. I would recommend them, for sure.

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    Verified purchase
    Staff

    Reviewed Nov. 4, 2023

    I called Monetary Gold and the people I spoke with seemed very knowledgeable and professional. They weren't pushy. I would recommend them.

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    Verified purchase

    Reviewed Oct. 28, 2023

    Working with the reps from Monetary Gold was overwhelming because I didn't know anything about gold. So, whatever they said, I just kinda took. I couldn't face an opinion yet until I did more educational research on it and they seemed to be fine. These gold dealers are salespeople. They just wanna come in and sell you stuff. I was supposed to receive some type of quarterly information that I haven't received yet. So, I'm not sure whether or not they're just to sell stuff and then not follow through. I'm still waiting to see that. They told me that they would inform me of any changes in the industry in order to make a change if that was required or not.

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    Verified purchase
    Staff

    Reviewed Oct. 28, 2023

    I've had a pretty good experience with them. The reps were easy to work with and they made the process very simple. My rep was very knowledgeable. I've already tried sending some coworkers to Monetary Gold.

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    Monetary Gold
    Response from Monetary Gold

    Hi Frank,

    That's a great review. Thank you for sharing that with us and giving us such an excellent rating.

    Mark

    Verified purchase
    Staff

    Reviewed Oct. 28, 2023

    The representative during the purchase was good. I wired in 9,000 on Monday. They told me that they got it. I'm getting ready to do some more. All the gold people are all pressure. They got the lead-in that they tell you the market's down but gold is gonna go up. But I don't get that with Monetary Gold.

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    Response from Monetary Gold

    Hi Kent,

    Wow, that is a heck of a statement. I'm so honored that you told that story. Thank yo for sharing it. We'll keep you updated on the markets as time goes on.

    Thank you again for sharing.

    Mark

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    Monetary Gold Company Information

    Company Name:
    Monetary Gold
    Website:
    monetarygold.com