Republic Monetary Exchange Review

Republic Monetary Exchange Review

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If you're exploring options to diversify your portfolio, gold IRAs and precious metals IRAs may have caught your attention. These specialized self-directed IRA accounts enable you to invest in physical gold, silver, and other precious metals, offering an alternative to traditional stock or bond investments.

To embark on a gold IRA investment, you will need a custodian that provides this type of account and a brokerage firm that sells IRS-approved products. In your search, you may have come across Republic Monetary Exchange.

In this article, we will examine this Phoenix-based company to help you determine if it's a suitable choice for your retirement investments.

As with any investment-related decision, it's essential to compare companies to ensure they offer the right services for your needs.

Before we get started, investing your savings is a serious task. When it comes to adding precious metals to your portfolio, how do you know which companies to trust?

That is why we have researched every company in the industry and selected the very few with the highest customer service standards.

This way you can easily compare the best companies in the business, and choose one that fits your needs and investment goals.

Read the list to see if Republic Monetary Exchange passed our strict customer service standards to become one of our top recommendations.


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About Republic Monetary Exchange

Founded in 2008, Republic Monetary Exchange is led by CEO Jim Clark and the company is headquartered in Phoenix, Arizona.

They’re a full-service precious metals brokerage firm, and the CEO has over 40 years of experience in the precious metals industry.

They offer a wide selection of precious metals including bullion coins, bars, and Investment Grade Coins, and are known for their competitive prices and customer satisfaction.

Republic Monetary Exchange-website

They have a dedicated team of around 20 members including dedicated account executives that will work with you to find the right precious metals investments that work best for your own financial goals and investment needs.

Available Services at Republic Monetary Exchange

Storage Options

Republic Monetary Exchange doesn’t directly partner with an off-site depository but they can work with a depository of your choosing to send the gold and other precious metals to. When it comes to an IRA custodian, RME recommends companies such as SunWest Trust and GoldStar Trust where you can set up your IRA account.

These two companies may have recommendations for a depository they have a partnership with to help you find the right storage option for your investment.

Buyback Program

RME offers a same-day buy-back program where you can ship the metals directly to them or walk in yourself if you’re near their Phoenix offices. When you sell your precious metals, RME will offer payment on the same day at the current prices.

Other Services

RME offers nationwide shipping and their packages are fully insured and sent via expedited shipping to help make sure you get your gold and other precious metals securely.

Precious Metals Offered

Republic Monetary Exchange primarily offers gold and silver products on its website including some of the following:

  • Gold Liberty Coins
  • Gold St. Gaudens
  • Gold Indian Coins
  • Silver Bars
  • Gold Bars
  • Gold American Eagle Coins

Our Rating

Pros & Cons

  • Pros

RME doesn’t charge a minimum IRA purchase amount and this can make it a competitive option if you’re wanting to make contributions to your IRA (if you qualify) They also provide a simple process to sell your precious metals when the time comes.

Overall they’ve got mostly positive reviews online and RME seems to focus a lot of attention on the customer experience.

  • Cons

Transactions can sometimes take up to two weeks when selling some of your assets. Republic Monetary Exchange also doesn’t directly offer custodial or storage services so you will have to go with a third-party company to set up your account and deposit your assets.

How does Republic Monetary Exchange Differ from Others? 

Unlike some companies, Republic Monetary Exchange offers a physical location that you can visit to make purchases of gold and other precious metals. Similar to other companies, you have a dedicated account executive that will work with you on purchasing precious metals for your account.

 They also offer a wide selection of investment tools and articles to help you learn more about investing in precious metals so you can make a more informed decision.

Can I Trust Republic Monetary Exchange? 

Overall, Republic Monetary Exchange has helped thousands of customers purchase and sell gold and other precious metals and has an excellent track record when it comes to customer satisfaction and service.

When purchasing precious metals from RME, the packages are insured and sent via expedited service for added peace of mind that you’ll get your precious metals safely.

As a smaller business, RME has a dedicated team that’s knowledgeable about the overall precious metals industry and can help you find the right resources to set up your own precious metals IRA account. 

Awards and Ratings 

On review sites such as Birdeye, Republic Monetary Exchange has an overall 4.9/5 star rating based on 215 reviews. A lot of the customer feedback deals with the professionalism of the Account Executives along with their overall knowledge and experience in the precious metals industry.

Republic Monetary Exchange-BBB reviews

Some customers commented about the fast turnaround for some of their purchases as well. They currently have an A rating with the Better Business Bureau. 


Republic Monetary Exchange does not directly charge a fee to help you with setting up a gold IRA. You’ll be able to work with a dedicated account executive that can consult with you on the types of products that you can invest in along with your long-term investment goals.

They can provide additional educational tools and other offers to help you stay informed about precious metals investing. You may, however, pay an annual fee to the custodian that is managing your gold IRA along with paying annual depository storage fees. Some Custodians also charge a fee to set up an IRA account. 

Frequently Asked Questions

What Precious Metals Does Republic Monetary Exchange Offer?

Republic Monetary Exchange offers a wide range of gold and silver coins and bullion. Some of the products they offer are Gold and Silver American Eagle coins, Canadian Maple Leafs, South African Krugerrands, and gold and silver bars in various sizes.

They also separate their standard products from their investment-grade products that can be used to invest in your precious metals IRA.

Is it Possible to Purchase Precious Metals and Keep Them at Home?

It is possible to purchase precious metals and store them at home if it is for a personal investment. If you’re purchasing the precious metals for a precious metals IRA, they must be deposited into an IRS-approved depository.

If you choose to have the precious metals sent to you, the IRS will count this as a distribution from your IRA account and you may be subject to taxes and penalties.

How do I make a purchase at Republic Monetary Exchange?

Once you’ve found the gold or silver products that you want, you simply call Republic Monetary Exchange to get a current price and to place orders for a particular product.

If you’re in the Phoenix area, you can also schedule an appointment to visit in person to purchase or sell gold, silver, and other precious metals.

How much money can I contribute to my Precious Metals IRA?

In terms of contributions to your precious metals IRA, you can contribute up to $6,500 if you’re under age 50 and up to $7,500 if you’re age 50 or older for the 2023 tax year.

You or your spouse must have earned income to make an IRA contribution and the max amount is the lesser of the annual contribution limit or 100% of your earned income.

For example, if you earn $5,000 in 2023, you can only contribute up to $5,000. This total amount is for all of your IRAs combined. If you already made a full contribution to your IRA invested in stocks or bonds, you cannot make a contribution to your precious metals IRA.

If you have an existing IRA that you want to transfer to your precious metals IRA, there is no monetary limit on the number of transfers. You can do an IRA to IRA transfer (same account types: traditional IRA to traditional IRA or Roth IRA to Roth IRA) as many times as you want.

Before making a contribution or transferring funds, you should talk with a competent tax advisor about your own unique tax situation.

Final Thoughts

When considering a precious metals IRA, it's crucial to understand the benefits and limitations of working with various companies, including the Republic Monetary Exchange.

 Republic Monetary Exchange’s full-service offering and reputable position in the market make it an appealing choice for many investors. The firm's track record, combined with its CEO's extensive experience, speaks to its credibility and reliability.

However, as with any investment decision, it's critical to assess the fit based on individual needs and circumstances. The company's positive reviews and customer-centric focus are strong indicators of its commitment to service, but its lack of direct custodial or storage services may require additional effort on the part of investors to coordinate these aspects of the account. The potential for slightly longer transaction times might also be a factor for some investors.

Nonetheless, the freedom to choose your own depository and custodian allows for a level of flexibility that some investors may appreciate. This, combined with their competitive pricing and a wide variety of products, makes Republic Monetary Exchange a solid choice for individuals interested in investing in precious metals.

Overall, Republic Monetary Exchange represents a reliable option for those wanting to add gold and silver to their retirement portfolios. As with all investing decisions, it is recommended that potential investors perform their own due diligence and consult with a trusted financial advisor before making any decisions.

In summary, Republic Monetary Exchange provides a robust service for those looking to diversify their investment portfolio through precious metals. Whether it is the best choice for you will depend on your individual circumstances, financial goals, and tolerance for coordinating the various facets of managing a precious metals IRA.

Remember to read out list of the Top Gold Companies to see if Republic Monetary Exchange made the cut.

>> Click HERE to read our Best Precious Metals Investment Companies list <<

Or, if you like what you read about Republic Monetary Exchange, you can visit their website below.

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