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When you purchase from us, you may pick up your order from our Phoenix offices or we can ship directly to your door. Typical storage options include safety deposit boxes, private depositories, and home safes. |
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No, we do not require a minimum investment size. |
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After you and your representative have agreed upon your investment, payment can be made via personal check (subject to bank clearing), certified check, wire transfer, direct deposit, or cash. We also accept credit/debit cards, though you may be subject to a processing fee. |
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At Republic Monetary Exchange we pride ourselves in offering prompt delivery of client’s orders. Under normal circumstances, metals should be ready to ship or pick-up within a week or less of clearance of good funds. We cannot be responsible for supply shortages which can, on occasion, lead to delayed delivery. Your representative will always advise you as to the nature of any delays. Our trading desk will never approve an order unless we can guarantee delivery of the exact type and quality of coin specified on your order. |
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Unlike several other states, there is currently no sales tax on precious metals purchased in or from the state of Arizona. Our headquarters are based in Phoenix, Arizona, so there is currently no sales tax on precious metals purchased from Republic Monetary Exchange. |
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Republic Monetary Exchange and its representatives operate in a manner similar to a stockbroker through a brokerage house or other investment fund managers. We do not add commissions and fees on top of what you pay for your investment. We build all of these costs into the difference between the buy and sell price of your precious metals. We pride ourselves in honoring an extremely competitive, narrow spread between the buy and sell price of our coins. It is important that you talk to your representative and understand the spreads associated with your purchase. We offer a full-serve, two-way market and we do not charge our clients or make them pay a commission when they choose to liquidate their investments. |
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Any Roth, SEP, or traditional IRA can own gold or other precious metals. Individuals with inactive employer sponsored plans such as 401K or 403B plans can roll these plans into a gold IRA and active plans can be moved in some cases at the discretion of the employer plan manager. |
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No. Your IRA can own physical gold coins or other IRS approved precious metals. These are not paper shares but are physical metal. |
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Any individual Retirement Account with any custodian can legally purchase precious metals. However, most custodians limit you to paper assets such as stocks, bonds, mutual funds, gold certificates, and exchange traded funds. Republic Monetary Exchange has teamed up with Sunwest Trust, Inc. to provide investors with alternative investment options within an IRA. |
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You can buy gold, silver, platinum, and palladium to hold in an IRA. Both bars and coin-type products are available and authorized by the IRS. |
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You can take physical possession of your precious metals or liquidate your investment at any time with the proper forms and documentation. |
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Any institution that offers an IRA has some built in fee. Banks and fund managers build large fees into the interest rates paid on money market and CD accounts as well as the yields on investment funds. Your precious metals IRA custodian makes no commissions or interest on your investment, so there is a nominal fee for keeping your IRA current and compliant with IRS regulations. |
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Sunwest Trust, located in Albuquerque, NM, is one of the few companies in the country that will act as the custodian of a completely self-directed IRA. They will act as your account custodian, which means that they keep your paperwork and statements current and file all necessary IRS documentation. However, they cannot supply the metals. That’s where clients rely on the experts at Republic Monetary Exchange to guide them through all the necessary steps to open a new account with Sunwest Trust and advise you on your investment decision. |
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Sunwest Trust and Republic Monetary Exchange offer storage of precious metals with Brinks, the global leader in armored truck and security services. The specific branch we work with is in Salt Lake City, UT. More importantly, this depository is not part of the banking system and does not fall under the same laws and jurisdictions. For example, while the federal government shut down the banking system during the week of 9/11, Brinks kept doing business and continued to ship and receive gold and silver. In fact, Brinks is open 364 days a year, as they only close on Christmas day. Once your gold is purchased and shipped to Brinks Depository, Inc., it will be counted and verified once, and then counted and verified again by a different auditor, both under the watchful eye of video surveillance. They both must agree, and then sign the inventory list. Your precious metals are then placed into containers, and sealed until you are prepared to withdraw or liquidate your investment. |
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