What is Republic Monetary Exchange? What are the unique service and product offerings that customers can expect from it? Join me in today’s extensive review about this company, in which we shall be determining whether the company is one that’s reliable enough for you to join. Let’s get right into it.
Name of the company: Republic Monetary Exchange
Official Website URL: https://rmegold.com/
Overall Rating: (4 / 5)
Important to mention before we go into more details of this review:
We always strongly recommend doing your research online before you choose a company to invest with. There are so many reviews online of clients being ripped off and scammed. The most common way people are getting scammed is through so-called “hidden fees” so please investigate thoroughly before you make your decision.
With that being said, let´s continue with the review on Republic Monetary Exchange!
Table of Contents
- What is Republic Monetary Exchange?
- The Services offered
- How does RME Gold Work? (How to Get Started)
- Does RME Gold offer IRA services?
- How can you open a Precious Metal IRA with RME?
- Payment methods accepted when paying for precious metals
- Does RME Gold have minimums for IRA purchases?
- Does RME Gold buy precious metals from individual sellers?
- Is Republic Monetary Exchange Genuine or Is It a Scam?
- Pros and Cons
What is Republic Monetary Exchange?
Republic Monetary Exchange exists as a full-service precious metal brokerage that’s based in Phoenix, Arizona. At RME, the support staff is charged with facilitating private, over-the-counter purchases that are meant to help customers finally own gold and silver IRAs.
The CEO of this company, Jim Clark, has more than 43 years of experience in the precious metal industry and has through the course of his life come into contact with tens of millions of coins. Several thousands of customers from domestic and international markets have been served by this company.
This company has made it an objective to ensure that every customer is served effectively. This is the reason behind the provision of personal account executives who are charged with the management of every customer’s needs. In addition to that, every client usually receives ongoing consultation about their financial goals, in a bid to establish a suitable investment plan to help them achieve it. The customers are thereafter educated through seminars, online classes, and the presentation of market updates.
The Services offered
This company’s main objective is to ensure that every customer receives the most competitive price for the products they’re trying to buy or sell. The in-house customer support staff are thoroughly educated to attend to every customer in a way that leads to them saving a significant amount of money. Customers are guaranteed that they’ll get 100% authentic products.
Republic Monetary Exchange makes its impression on customers in the precious metal brokerage industry by delivering the following services:
- The purchase and sale of precious metals
- Assisting customers to store their precious metals
- Helping customers add precious metals to their gold and silver IRAs.
How does RME Gold Work? (How to Get Started)
RME Gold has precious metal experts who are charged with making things easy for all customers who are looking for ways to purchase or sell precious metals, or to open a precious metal IRA. You do not have to struggle with figuring it out on your own.
If you have already decided that you’d like to include some precious metals in your portfolio of retirement investments, you can contact the customer support staff through the contact provided on their official website. They will take you through the process at length, so you don’t end up hitting any dead ends. As we’ve already seen, this company is also very keen on providing relevant customer education, so you’ll only invest in products that you have a good understanding of.
Does RME Gold offer IRA services?
Yes! This company has made it possible for you to add precious metals into an IRA. The CEO of the company leads his team in helping all willing customers diversify their traditional investments in their retirement account. With the knowledge that gold has been one asset that has helped clients hedge against inflation, RME’s support staff help customers invest enough money in gold and silver so that they can remain afloat even when the global economy is tumbling down. Generally, when the prices of traditional investments are going down, the price of gold is usually going up. Including the right amount of gold in your portfolio can as such counterbalance the forces of the market, and safeguard your retirement. This is exactly what Republic Monetary Exchange helps its customers achieve through their IRA services.
Important: Please make sure that you know exactly what fees are associated before you sign anything, I have seen so many reports online of people getting surprised with so-called hidden fees that they had no idea about until it was too late. Transparency is what you want to look for in this industry.
**My #1 recommended gold & silver IRA company is 100% transparent + they got a few other benefits you might want to have a look at if you are interested in a new IRA, see this page
How can you open a Precious Metal IRA with RME?
Opening a precious metal IRA with RME has been simplified to comprise 4 simple steps. New customers who are turning to Republic Monetary Exchange can add gold and silver into an IRA by:
Determining their Eligibility
The first step lies in determining is the current IRA or 401k account you own qualifies to rollover funds into a self-directed IRA, through which you can invest in precious metals. You can do this by scheduling a free consultation with RME Gold.
Choosing your custodian
The IRS has made it a rule that all self-directed IRA transactions be overseen by an approved custodial institution. Republic Monetary Exchange has so far established long-term working relationships with two custodians, namely SunWest Trust and GoldStar Trust, who they recommend as reliable service providers. You can, however, set up your account with a custodian of choice.
See my #1 recommended gold & silver IRA solution on this page
Payment methods accepted when paying for precious metals
You can pay for the precious metals you buy from this company using your credit card (Visa, MasterCard, and American Express). If you roll-over the funds in your current IRA, then the payment arrangements will depend on the payment methods agreed upon with your custodian.
Does RME Gold have minimums for IRA purchases?
No! Republic Monetary Exchange makes it clear that it does not have minimum IRA purchases that customers must make. The size of the IRA holdings must, however, be more than the fees that are charged by your preferred custodian (otherwise, there’ll be no sense in having the IRA holdings to begin with). Such fees are, however, usually minimal.
Does RME Gold buy precious metals from individual sellers?
Yes. According to the information provided on its official website, RME Gold buys high-quality gold. You can sell gold bullion coins and bars as well as numismatic gold coins that were minted prior to 1933 to Republic Monetary Gold. The gold coins are valued based on their weight and purity. If you have any other collectibles, they’ll be valued based on the two metrics as well. Some of the common gold and silver coins that it purchases from its customers include:
- Investment-grade certified coins – $20 gold liberty, $10 Gold Liberty, $5 Gold Indian
- Gold Bullion Coins – American Gold Eagle, Canadian Maple Leaf, Australian Gold Nugget, South African Krugerrand.
- Silver investment-grade certified coins – Morgan Silver Dollar, Silver Peace Dollar
- Silver Bullion Coins – Silver American Eagle, Silver Canadian Maple Leaf, Silver Rounds, Pre-1965 U.S. Coins, Silver bars (any denomination)
Is Republic Monetary Exchange Genuine or Is It a Scam?
RME is, in my opinion, a genuine company that is out to deliver the promised services to its customers. The reviews I came across on the internet point to it being a reliable one, with most customers appreciating the services given by specific staff members on consumer trust sites. If you take a look at the reviews on a consumer trust site such as Better Business Bureau, you’ll see that this company is one that delivers the promised services to its customers.
Besides, it has an A+ rating, which is the best rating businesses on this platform can get on BBB.
**Have a look at how these top-rated alternatives that offers precious metals IRA Services are matching up
Pros and Cons
- BBB-accredited with an A+ rating
- Customer service is taken seriously
- Wide range of gold and IRA products to purchase from.
- Buys gold and silver products
- Information about pricing not revealed
Do You Own or represent RME?
If you are a representative, or associate of Republic Monetary Exchange and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to firstname.lastname@example.org.
Overall Rating: (4 / 5)
If you are looking for a company that takes customer service seriously so that you can invest in precious metals, then RME is a company that you can turn to. We’ve established that its CEO has more than 43 years of experience in the precious metals brokerage industry, hence is capable of leading his staff members in the right direction. This is evident from the excellent customer reviews and feedback, which mostly point to RME being a reliable company. You can also have a look at what its competitors are offering – such as the top-rated firms in this industry.
That’s all for this review on what Republic Monetary Exchange is all about. Let me know if you got all the answers to the questions you had in mind about it. If you’re still not sure about what investing in precious metals entails and would like to receive guidance on the best companies to work with, feel free to contact me.
I wish you well,
Eric, Investor and Team Member at Gold Retired!