What is Monetary Gold? A legit precious metals dealer or a scam? Learn everything you need to know about Monetary Gold, including its products, services, ratings, and complaints, in this thorough review.
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What Is Monetary Gold?
Monetary Gold is a precious metals company located in Woodland Hills, California. Founded in 2000, the company endeavors to provide clients with high-quality precious metals at low prices. In contrast to the majority of precious metals companies, which act as intermediaries, Monetary Gold purchases its products directly from suppliers and passes on the savings to its customers. In addition to providing quality gold and silver, Monetary Gold assists clients in establishing precious metals IRAs.
Monetary Gold Review Summary
Location:
Woodland Hills, California
Address:
21800 Oxnard St #1120
Woodland Hills, CA 91367-7937
Year Founded:
2000
Management:
Unknown
Website:
www.monetarygold.com
Rating:
[3/5] Not recommended
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Monetary Gold Products & Services
Monetary Gold is a dealer in an extensive selection of precious metals, including IRA-approved bullion and rare U.S. and foreign coins. Their offerings consist of gold, silver, platinum, and palladium. Here are some of the products that Monetary Gold offers.
Gold
- $20 Saint Gaudens
- Gold British Sovereign
- German 20 Marks
- Swiss 20 Franc
- Gold American Eagle
- Gold Canadian Maple Leaf
- American Gold Buffalo
- South African Krugerrands
- Gold Austrian Philharmonic
- Gold Polar Bear & Cub
- Gold Arctic Fox
Silver
- Morgan Silver Dollars
- Peace Silver Dollar
- Silver Walking Liberty Half Dollars
- Half Franklin Dollars
- Silver American Eagle
- Silver Gyrfalcon Coin
- Silver Polar Bear Coin
- Silver American Buffalo
- Silver Austrian Philharmonic
- Silver Britannia
- Silver Canadian Maple Leaf
Platinum
- Platinum American Eagle
- Platinum Canadian Maple Leaf
Palladium
- Palladium Canadian Maple Leaf
In addition to offering investment metals, Monetary Gold also assists clients in establishing precious metals IRAs. Currently, they collaborate with Goldstar Trust Company, Stratus Trust Company, Sterling Trust Company, Entrust, and New Direction IRA for custodial services, and Delaware Depository for storage.
How to Buy from Monetary Gold
Since Monetary Gold does not have an online ordering system, orders must be placed via phone, email, or live conversation. After processing your order, the business will ship the metals to the location you specify.
How to Open a Precious Metals IRA with Monetary Gold
The three simple steps required to open a precious metals IRA with Monetary Gold are outlined below.
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Fill Out the Online Application Form
As with the majority of Gold IRA companies, Monetary Gold’s application process begins with the completion of an online IRA form. To clarify everything, a representative will then contact you to discuss fees, storage, and other options. Typically, activation of your account can take up to 72 hours.
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Transfer Funds
Once your account has been established, you can roll over or transfer funds from your current IRA or 401k into it.
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Purchase Metals
A Monetary Gold representative will assist you in selecting IRA-eligible precious metals upon receipt of funds. The agent will acquire the metals on your behalf and deliver them to the Delaware Depository for storage.
Monetary Gold Costs & Fees
Pros of Monetary Gold
- Sources directly from suppliers hence passing on the savings to clients
- Most of their employees are highly experienced in precious metals investments
- Top-notch customer support
- Wide range of products and services
- Gold and Silver IRAs are offered
- Free educational materials such as investment charts and guides are offered
- They are accredited by the Better Business Bureau since 2014
Cons of Monetary Gold
- There is no information about the company’s owners or management team
- Product pricing is not available on the website
- Lack of reviews on the BBB
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Monetary Gold Complaints & Reviews
Monetary Gold has an A+ rating with the Better Business Bureau (BBB) based on 35 reviews and ratings and 3 complaints on the platform. Based on 1 user review, Trustpilot rated Monetary Gold 3.2 stars out of 5. In addition, Trustlink awards Monetary Gold 5 out of 5 stars based on twelve customer reviews. The majority of Trustlink reviews highlight the company’s knowledgeable and professional employees. There are no reviews, ratings, or complaints about Monetary Gold on Yelp and the Business Consumer Alliance (BCA).
- BBB: A+ rating, 0 reviews, 3 complaints (view details)
- Trustpilot: [3.2/5] (view details)
- Trustlink: [5/5] (view details)
- BCA: A rating, 0 reviews (view details)
- Yelp: N/A
Is Monetary Gold Legit?
Monetary Gold is evidently a legitimate organization, as they are BBB-accredited and have been in operation for twenty years. If they were a scam, they would not have lasted so long.
Monetary Gold FAQ
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Can Monetary Gold Help Me Choose an IRA Custodian?
Yes, account executives from Monetary Gold will assist you in selecting the finest custodian for your investment. Due to the fact that Monetary Gold partners with five custodians, you must compare their fees and service quality to determine the best custodian.
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Does Monetary Gold Offer Segregated Storage?
Yes, segregated and insured storage is offered in partnership with the Delaware Depository.
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Can I Manage My Account Online?
Yes, Monetary Gold permits online account access and monitoring.
Monetary Gold Alternatives
Conclusion
Monetary Gold is a coin dealer headquartered in Woodland Hills, California. The company has been in operation since the year 2000 and provides a vast selection of IRA-approved and rare coins. They obtain their products directly from manufacturers, thereby passing on the savings to their customers.
On the downside, the company’s management team is not disclosed. In addition, product prices are not listed on their website.
