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Republic Monetary Exchange Review

Republic Monetary Exchange Review

Republic Monetary Exchange Review
  • Editor Rating

  • Rated 3.5 stars
  • Very Good
  • 0/5 Avg. User Rating

  • Rated 0 stars
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  • Quality
    Editor: 80%
  • Customer Support
    Editor: 90%
  • Pricing & Fees
    Editor: 75%

Review Summary:

Republic offers some good choices to clients with a full selection of gold and silver bullion coins and bars. They have a less extensive selection of platinum and palladium. The company is big on educating its customers and provides a number of resources in this arena.

Company Info & Background

Republic Monetary Exchange (www.rmegold.com) refers to itself as a firm that specializes in investing in precious metals (primarily gold and silver) and Gold IRA's. As part of this, they are a full service brokerage firm for precious metals headquartered in Phoenix, Arizona. The company also goes by its acronym RME. They help customers to make over the counter private purchases of gold and other precious metals. The company also writes industry news and features a number of educational resources. Some of these in house produced articles are entitled, “Gold as a Safe Haven” and “What is 1 oz. of Gold Worth?”

Republic Monetary Exchange Management Team

Jim Clark is the CEO of Republic Monetary Exchange. He boasts more than 43 years in the industry. In this time, he has dealt in tens of millions of coins. He founded the company Republic Monetary Exchange back in 2008. The firm has since provided service to thousands of customers across the nation and locally in the Phoenix area. They claim to have become a premier national dealer of precious metals.

Clark's corporate philosophy is to provide individualized attention to all of his clients regardless of how big or small their investment proves to be. He also encourages quick service for all of his customers. Clark looks for knowledgeable and highly experienced experts in precious metals who are enthusiastic about assisting clients in diversifying portfolios, establishing their futures, and even passing on wealth to upcoming generations.

Republic Monetary Exchange Custodians and Storage

Republic Monetary Exchange does not provide an all inclusive package for both custodians and storage with their Gold IRA's. They do offer their “working relationships” with custodians GoldStar Trust and SunWest Trust but allow customers to select their own custodian in the end. Republic does not provide any storage on behalf of clients, nor do they make storage arrangements for them. They encourage you to store your precious metals in either a bank deposit box or home safe or using an off-site depository (for Precious Metals IRA's).

Republic Monetary Exchange Education and Customer Satisfaction

We like that Republic is big on offering education and personalized service to their clients. They offer individual account executives to help manage your account at the company. Consultations and planning strategies do not stop with your initial purchase either. They continue to provide lasting help for any additional future goals or needs. This carries on with their educational efforts. The firm provides online education, seminars, and regular market updates to all clients, regardless of their account size at the company.

Republic Monetary Exchange Products and Buyback Policy

Republic provides a significant selection of gold and silver especially, with a lesser selection of palladium and platinum. Their selection includes both bullion coins and bars as well as more premium investment grade coins. They offer something to satisfy the needs of most collectors or investors. This does not mean that investors looking for a complete lineup of platinum and palladium will be satisfied with the company. For a more extensive selection of these two precious metals, some other bullion dealers offer more choices.

We like that Republic offers something that not all other bullion dealers do: a customer buyback policy. RME stands out with this option for customers. Clients can either bring in their previously bought precious metals or ship them in for buyback. Customers get quick payment.

Republic Monetary Exchange Reviews, Ratings and Complaints

We have included a list of reviews and complaints that you will find on trusted consumer reporting & rating agencies. The links included will let you read the reviews in greater detail.

  • BCA rating: Not Listed
  • BCA Complaints: N/A
  • BBB Rating: A+ (Details)
  • BBB Complaints: 1 filed since August 2013 (Details)
  • Ripoff Report: Not Listed
  • Complaints Board: Not Listed
  • Yelp: 2.5 (2.5 / 5) based on 3 reviews (Details)
  • Trustlink: Not Listed
  • Yellow Pages:  3.0 (3.0 / 5) based on 3 reviews (Details)
  • CitySearch: Profile (Details)
  • Trust Pilot:  Not Listed
  • Facebook:  Profile (Details)

Republic Monetary Exchange Contact Information

  • Address: 4040 E. Camelback Rd., Phoenix, AZ 85018
  • Phone(877) 354.4040
  • Website: www.rme.com
  • Established: 2008

Key Pages from Republic Monetary Exchange's Website

Below are some of the most important pages from Republic Monetary Exchange's website. You can go through this information to have a better understanding of the company.

Review All Gold IRA Options Before Investing

You should always review all of the choices available to you before you go with a precious metals purchase for a part of your IRA investing strategy. You need to be certain about the firm you are conducting business with before you buy. Purchasing gold for your IRA is a key decision.

David Crowder

About David Crowder

W.D. Crowder is an American published author. His background and areas of expertise include history, economics, expatriate living, international relations, investments and personal finance. A widely read and top of his class graduate of Stetson University, he obtained his bachelor of arts degree in History with minors in Latin American Studies and International Relations and a special emphasis in Economics. He was President of his Phi Alpha Theta (National History Honors Fraternity) Stetson University chapter and a Phi Beta Kappa (National Honors Fraternity) member.

Pros

  • Customers have an extensive range of gold and silver from which to choose.
  • Ongoing customer service is a big priority of the firm.
  • Customers have an extensive range of gold and silver from which to choose.

Cons

  • The company does not offer storage packages for IRA precious metals clients.
  • The website does not provide pricing transparency for IRA customers.

Republic offers some good choices to clients with a full selection of gold and silver bullion coins and bars. They have a less extensive selection of platinum and palladium. The company is big on educating its customers and provides a number of resources in this arena.

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Rated 3.5 stars
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