Monetary Gold Review: Unbiased Evaluation and Buyer Insights

Looking for a ‘monetary gold review’ that lays out the facts without the fluff? Discover whether Monetary Gold is the right choice for your IRA or precious metals investment. We present an honest look at the company’s services, pricing, and real-world customer experiences, equipping you with essential knowledge before you invest. Expect straightforward insights into Monetary Gold’s performance in the market as we assess its strengths and weaknesses.

Key Takeaways

Exploring Monetary Gold’s Reputation

Monetary gold review

A reputation in the precious metals industry is not built overnight, and Monetary Gold has earned its stripes. With an impressive A+ rating from the Better Business Bureau (BBB) and a AAA rating from the Business Consumer Alliance (BCA), Monetary Gold demonstrates an unwavering commitment to customer satisfaction and compliance with industry standards.

This high regard for Monetary Gold is echoed by its customers. With an average rating of 5 out of 5 stars on BBB and a convincing 4.9 out of 5 on Consumer Affairs, customers commend the competitive pricing and excellent service. The company’s customer service has been described as excellent, with representatives praised for their attentiveness, friendliness, and professionalism.

Detailed Analysis of Monetary Gold Services

Monetary gold IRA services

Monetary Gold, a reputable precious metals dealer, offers a wealth of services tailored to meet the diverse needs of its clients. From gold IRA investments and non-retirement investments in physical precious metals to collectors coins, Monetary Gold carves out a comprehensive portfolio of services that monetary gold requires, including precious metals ira options.

Adding to this enticing mix is the offer of free shipping for new customers, underscoring Monetary Gold’s commitment to providing value-added services and personalized support.

The Gold IRA Process with Monetary Gold

The process of exploring Gold IRAs can be overwhelming without appropriate support. Monetary Gold eases this process by creating a smooth experience facilitated by a team of dedicated IRA specialists.

Here’s how the process works:

  1. Submit your personal documents and select reliable custodians.

  2. Expect your accounts to be operational within 48 to 72 hours post-processing.

  3. During this process, the IRA specialists from Monetary Gold offer tailored support and guidance, ensuring the setup and rollover process aligns with your financial objectives.

The gold IRA, as well as a silver IRA, is not just easily set up, but also flexibly funded. Investors can fund their Gold IRA either through a contribution or by transferring funds from existing retirement accounts such as:

Monetary Gold advisors are always ready to assist during this process, ensuring a smooth transition for the funds. Once the IRA is funded, Monetary Gold IRA specialists coordinate the purchase and transfer of metals to a qualified depository, while custodians oversee transport, tracking, and record-keeping.

Selection of Precious Metals for Investment

Selection of precious metals for investment

Monetary Gold offers an impressive selection of precious metals for investment, including:

These options provide a diverse range for investors to choose from.

When it comes to gold bars, investors are guided to buy those that are at least 99.5% pure and clearly stamped with the manufacturer’s name, weight, and purity. Smaller bars, although having a lower weight, offer increased ease of liquidation. But the inventory does not just stop at bullion value. Monetary Gold’s selection includes semi-numismatics and certified graded coins that blend bullion value with collectible significance, appealing to both investors and collectors alike.

Secure Storage Solutions

The secure storage of precious metals is a critical aspect of any investment, and Monetary Gold leaves no stone unturned in this regard. According to IRS regulations, the physical gold in a gold IRA must be stored at an IRS-approved facility, and taking possession of the gold would count as a withdrawal and incur taxes. To comply with these regulations and ensure the security of investments, Monetary Gold offers secured and insured storage choices, including the Delaware Depository.

The Delaware Depository in Wilmington is the largest and solely IRS-approved third-party depository. It is backed by Lloyds of London, making it a significant choice for security. Gold and other precious metals in IRAs with Monetary Gold are stored in secure vaults like the Delaware Depository, with insurance to protect the investments. This secure storage not only safeguards the investment but also provides assurance about its safety until the time of liquidation, giving clients peace of mind.

Monetary Gold Fee Structure Unveiled

Monetary gold fee structure

Understanding the fee structure is vital when investing with Monetary Gold. The company charges an annual storage and insurance fee of $100 for up to $100,000 of gold. For gold value above $100,000, there is an incremental fee of $1 for every $1,000 of gold value. These are the monetary gold fees you should be aware of when investing.

In addition, Monetary Gold offers the following:

Clients should also be aware of a flat shipping fee when investing with Monetary Gold.

Comparing Monetary Gold with Other Gold IRA Companies

Monetary Gold holds its own when compared with other gold IRA companies, including those offering gold or silver IRA options. It offers competitive cost advantages with lower minimum investment requirements starting from $5,000, unlike companies like GoldCo, which requires a minimum of $25,000.

Moreover, Monetary Gold differentiates itself with exceptional customer service, providing 24/7 client concierge services and support options not available at some competitor companies. A key advantage is the elimination of intermediaries in transactions, allowing for both cost savings and the provision of top-notch service.

While some companies limit clients to specific custodian services, Monetary Gold incentivizes new clients with offers like free shipping on initial orders, positioning itself as a company that values investor satisfaction above all.

Client Education and Resource Availability

Monetary Gold goes beyond being a platform for investment; it is also a hub of knowledge for investors. The company provides extensive content on the benefits of including gold in one’s investment strategy, particularly in light of geopolitical tensions and economic uncertainties. It offers an insightful guide detailing key factors that influence gold prices, including real interest rates, the strength of the US dollar, and the demand across investment, central banks, jewelry, and industrial sectors.

The company’s educational resources also delve into different gold investment modalities like Gold ETFs, mining stocks, and physical bullion, each with specific considerations and benefits. This wealth of information is complemented by the ‘Investor’s Guide’ and a ‘Coin Guide’, as well as tools for understanding current gold and silver prices, new investment opportunities, and the fluctuating dynamics between gold and the US dollar.

Additionally, Monetary Gold provides market news that offers insights into market movements, particularly focusing on precious metals. The company also offers workshops and personal consultations with advisors to supplement clients’ knowledge about investments.

How to Purchase Precious Metals with Monetary Gold

Purchasing precious metals with Monetary Gold is a considered decision that involves several factors. While physical gold does not generate income through dividends or yield, it is considered a store of value, offering stability during economic uncertainty and preserving value in the long term. For gold bars, Monetary Gold guides investors to buy those that are at least 99.5% pure and clearly stamped with the manufacturer’s name, weight, and purity. Smaller bars, although having a lower weight, offer increased ease of liquidation.

However, the purchase price is not the only cost to consider when buying gold. Investors also need to account for:

While local dealers allow for in-person inspections and cash transactions, they may have limited inventory and higher prices compared to online options.

Monetary Gold, being an online retailer, provides competitive pricing and discounts for bulk purchases or specific payment methods, sometimes offering more advantages than local dealers.

Customer Service Experience

The customer service experience with Monetary Gold is one that stands out. The company’s representatives are known for their friendliness, patience, and professionalism, helping clients navigate the world of gold investment with ease. Even when it comes to responding to reviews, Monetary Gold showcases transparency and dedication to customer satisfaction, reinforcing its commitment to quality service.

While the company does advertise 24/7 client assistance on their website, their actual customer service hours are limited to regular business hours from Monday to Friday and do not include major holidays. Nonetheless, the company is recognized for assisting first-time buyers with free workshops and resources, contributing to a customer service experience that emphasizes education.

Investment Security and Risk Considerations

As with any investment, Gold IRAs come with risks, and investors must be conscious of these. Gold and other precious metal IRAs carry the risk of losing money, and past performance does not guarantee future results. The value of gold can experience significant volatility due to factors like global economic conditions and investor behavior.

While gold can serve as a hedge during financial uncertainty, it has historically underperformed against the broad stock market over lengthy periods. Therefore, it’s recommended to only include a small portion of retirement assets in a gold IRA as part of a diversified investment strategy. Monetary Gold advises against self-storage of metals for IRAs due to IRS regulations, instead stressing the importance of using approved storage to avoid penalties.

Navigating Monetary Gold’s Website and Tools

The investment experience is enriched by navigating Monetary Gold’s website and using its tools. The company provides an online dashboard for account monitoring, enhancing the convenience for users to check their account’s progress.

However, there are areas where the website could improve. Customers must contact Monetary Gold for price inquiries since prices are not listed online, which may be less convenient for those preferring immediate online access to pricing information.

Contrary to the 24/7 client assistance advertised on their website, Monetary Gold’s actual customer service operates during regular business hours from Monday to Friday and is closed on major holidays.

Monetary Gold’s Market Position

Monetary gold market position

Positioned firmly in the market since 2000, Monetary Gold has a strong foothold in the realm of gold investment. The company offers:

These factors further solidify its competitive market position.

Monetary Gold’s diverse inventory and various investment options cater to a wide range of investor preferences. The company’s relatively competitive gold bar spread of $165.30 per ounce over COMEX reflects its strategic market position within the precious metals industry.

Real User Reviews: Monetary Gold Under the Microscope

To gain more practical insight, monetary gold reviews of Monetary Gold will be analyzed. On Trustpilot, Monetary Gold’s overall user satisfaction averages to a 3.2 out of 5 rating. While this rating categorizes it as ‘Average’ as of 2023, it’s important to remember that ratings are subjective and can vary based on individual experiences.

However, it’s also important to note the specific complaints raised by some users. Issues such as the company floating money and providing mismatched price quotes were raised in a September 2021 Trustpilot review, classifying Monetary Gold as a scam. While these are isolated instances, they are worth considering when making an investment decision.

FAQs About Investing with Monetary Gold

It’s only natural to have a few queries before committing to an investment with Monetary Gold. Many precious metal coins invested through Monetary Gold offer privacy as they are exempt from certain government reporting requirements, enabling wealth to be passed down through generations without government oversight.

Another common question revolves around IRS rules. It’s important to note that gold IRA investors are prohibited by IRS rules from taking physical possession of their invested precious metals. This is to avoid withdrawal penalties and ensure proper taxation.


In conclusion, Monetary Gold emerges as a trusted platform for gold investment, boasting a strong reputation, a comprehensive portfolio of services, and a competitive market position. Whether you’re a seasoned investor or a novice, Monetary Gold provides a wealth of resources and support to guide you on your investment journey. However, like any investment, it’s crucial to understand the associated risks and make an informed choice. With this guide, you’re now better equipped to navigate the world of gold investment with Monetary Gold.

Frequently Asked Questions

Is Monetary Gold a reputable company?

Yes, Monetary Gold is a reputable company with an A+ rating on Better Business Bureau and a proven track record in the industry.

What is the most trusted gold company?

The most trusted gold company is American Hartford Gold, which has impeccable reviews and ratings, including an A+ rating with the BBB and a 4.9 Trustpilot rating.

Is Goldmoney com legitimate?

Yes, Goldmoney is a legitimate company, but it has received negative reviews regarding delayed payments and customer complaints over the last decade. Be aware of these potential issues when using their services.

What is monetary gold?

Monetary gold refers to gold owned by a central bank and held as a reserve asset, including gold bullion and unallocated gold accounts with non-residents. It is held by the central bank as a form of reserve.

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

The minimum investment for opening a gold IRA with Monetary Gold ranges from $5,000 to $10,000.