Money Metals Exchange Review

Money Metals Exchange is a nationwide bullion merchant that allows clients to purchase, trade and possess interest-level metals. Customers can earn their investments utilizing money or different kinds of expenditure, constituting checks, electronic funds transfers, wire transfers, cryptocurrencies like Bitcoin, and debit/credit cards.

The corporation is a great company that delivers a vast choice of silver and gold bullion like the European gold bullion, JM bullion and more when you place a purchase order. All their products are accessible at competitive rates for instant delivery through their depository accounts. They can equally mail your purchased physical metal to the post office or to a USPS GPS confirmed location. Remember to follow shipping instructions and to provide a USPS signature. Better still, you don't have to worry about payment method restrictions. So, you won't have any payment issues. Also, it shows small dividends for all rounds, bars and coins it trades.

In addition to marketing material bullion properties for clients around the U.S, Money Metals Exchange manages moneymetals.com as their online retail unit directed at empowering investors with explicit admission to material bullion at the smallest possible rate employing demand-based pricing. Keep reading as we provide you with money metals exchange review 2023 and its amazing offers.

Our review of the money metals exchange will cover the following;

1.       Product Range and Services

2.       Pricing

3.       Customer Care

4.       Company Reliability

5.       Customer Reviews

Money Metals Exchange Review: Our Verdict #7

Money Metals Exchange is an online bullion broker that gives customers the opportunity to trade precious metals like, palladium eagles, silver, gold, platinum, and copper. Its metal commodities appear in several forms, including rounds, coins, and bars (depending on the kind). The bonuses they offer make the company an investor’s beloved bullion outlet for Gold IRA services and direct storage options.

It is a recognized BBB (Better Business Bureau) enterprise. Investopedia appointed it as 2020’s Best Precious Metals broker in the United States. The corporation acknowledges customer secrecy as extremely particular and uses improved SSL technology to encrypt confidential information. Money Metals Exchange will not trade or supply your data and you can request a full refund if you're unsatisfied.

Money Metals Exchange conserves and maintains investors’ precious metals in their guaranteed IRA-authorized Money Metals exchange safe and depository establishments with UL grade 3 vaults for customers wanting a location to preserve their precious metals outside their dwellings.

They similarly possess a custodian alliance with New Direction Trust Company that enables clients to reserve their precious metals in any of the under-listed depositories;

• Delaware Depository.
• International Depository Services Group
• Dakota Depository.
• CNT Depository.
• Loomis International.

All funds in the hold at the depository are completely covered by Money Metals Exchange’s Lloyds of London insurance policy to safeguard your investment in any unpredictable occurrences.

The depository expenses are charged quarterly, and the cumulative yearly percentage relies on the price of your possession. For purchasing at prices over $3 million, communicate directly with Money Metals Exchange.

Review Of Money Metals Exchange: Overall Rating: 3/5

Money Metals Exchange Review: Key Summary

The Bottom Line

Money Metals Exchange trades a large expanse of precious metals and offers its customers direct storage alternatives. They also provide premade portfolios for new clients to help them make swift decisions about their physical metal investments.

However, restrictions on the payment category and processing fees can influence the checkout system. During weekends, they need more availability of customer service.

Product Range and Services

Money Metals Exchange provides a huge expanse of precious metals available for investment. They are a great assistance precious metals investment corporation with headquarters in Eagle, Idaho. The corporation also aids clients in creating a precious metal Individual Retirement Account (IRA). The Money Metals Exchange index is enormous, delivering many precious metals properties.

Available precious metals in their catalog include gold, palladium, platinum, and silver bars and coins. Yet, on their website, some outlined products are tagged ‘Out of Stock.’ Although their gold rates are relatively acceptable, they demand more silver than the actual market rate.

The corporation's index also includes copper and rhodium for any investor interested. Money Metals Exchange also provides premade portfolios to ease the deliberation on the specific metals to purchase. They are adequately fitted for novices who wish to commence their precious metals involvement on the right path.

Money Metals Exchange Services

Money Metals Exchange provides services ranging from gold IRA, silver IRA, 401 (k) rollover, traditional and Roth planning, SEP IRA planning, simple IRA planning etc. Money Metals Exchange possesses an enormous stock of palladium, gold, silver, and platinum precious metals. They also possess copper and rhodium elements in their catalog.

Several accessible bars and coins in their inventory are IRA-authorized, comprising the Gold Austrian Philharmonic, Gold Canadian Maple Leaf, American Gold Buffalo, Gold Australian Kangaroo, Gold American Eagle, Silver American Eagle, Platinum Australian Kangaroo, Platinum Britannia, and Palladium American Eagle.

Pricing 

Money Metals Exchange gives you great value for your money. However, their prices are slightly higher than those of other business rivals. The favorable aspect of their services is that their buyback rates and direct storage options are among the best in the industry if you wish to trade.

In May 2020, the price of American Eagle coin on the Money Metals Exchange was more than the provided price rate at their competitor — JM Bullion and a few others. Regardless, they varied from $4 to $25. Also, payments through credit cards or PayPal added a processing fee of 4%.

Money Metals Exchange Costs / Fees

For gold price rates and buyback prices, Money Metals Exchange is extremely competitive. In July 2022, the corporation's 1-ounce gold bullion bars were recorded at merely $62 above the daily spot price. Record-wise, this is a great bargain and one of the best prices as several American brokers propose gold bars at 5% above spot or greater, which would amount to at least $85 payment according to current rates.

Still, the exact transaction fees and payment isn't plausible for silver. Money Metals Exchange proposes 1-ounce silver bullion properties at $5.50 above spot rates, which is 35% more than the current market price. That is approximately above or below what their business rivals offer, as several American companies record their silver bullion around 30% more than spot rates.

Going further, we'll show you a brief table of the storage fee rates and buy prices for Money Metals Exchange.

Review Money Metals Exchange: Storage fees rate

Note: If the holding value exceeds $3,000,000, you must contact the Money Metals Exchange customer representative directly.

Minimum Investment

The least amount of gold you can acquire as a private investor is one (1) gram. However, due to the sales of gold bars in troy ounces, the fund allocated for your investment and the broker's bargain payment fees and bonuses will specify the least proportion you can pay for. 

Still, if you wish to infuse a huge amount of cash into your investment, you can do that within the stipulated threshold. It is possible because brokers disintegrate the orders into lesser quantities known as "lots" for convenience, like possessing two or more orders at a time.

Customer Care

Money Metals Exchange delivers customized service and client education. You can also contact their customer service agents via the phone number, live chat, and email address, but you can get limited support over the weekends. Their service representatives are duly responsive and attentive to your complaints. They assist by guiding you through the whole procedure — from financing your account to metals rates and holdings and any other thing between those processes.

You can reach them through their phone number at 1-800-800-1865 during their business hours. You can also reach them through their address at Money Metals Exchange, PO Box 2599, Eagle, ID 83616.

Money Metals Exchange Educational Materials

Money Metals Exchanges concentrates on enlightening their clients and resolving their problems by delivering important market information and podcasts for perceptive investors heeding the precious metals markets. On their website, you are open to free educational materials, real-time and chronological precious metal prices, order confirmation, precious metals podcasts, and infographics.

Company Reliability 

Money Metals Exchange was established in 2010 with over a decade's experience in the industry. Concerning their security, Money Metals’ vaults are one of the safest, and all their products are safeguarded with Lloyds of London. Money Metals precious metal brokers provide benefits beyond barely acquiring and trading precious metals.

They offer additional services of storage and loan benefits. Their additional services enable their customers to cut down market losses by possessing various alternatives when determining how to regulate their monetary investments in a timely manner. Customers purchasing precious metals in larger quantities can decide to buy any available precious metals the corporation transacts in, or they can as well trade their existing metal possessions.

Another instance where they proved their reliability is when they won the Bullion Directory's influential Bullion Dealer of the Year Award in 2015. And since then, they have stayed as one of the best precious metals dealers in the United States.

Money Metals Exchange Review: Company History and Background

Stefan Gleason founded Money Metals Exchange in 2010. Stefan ventured into the industry with a colleague who publicized a federal newsletter on individual personal dependency and other investment techniques in the last year.

Stefan discovered that the populace was more apprehensive about government debt, inflation, and economic upheaval and attempted to procure a means for individuals to safeguard their wealth using personal wealth.

The target clients Stefan had in mind for his corporation were those investors that wished to modify into physical assets and prevent a “dollar-centric” portfolio excessively dependent on government activities. Stefan also strived to deliver alternatives for individuals who needed more authority over their monetary operations.

Customer Reviews 

According to our findings from real customer reviews, compared to other companies, clients highly rate Money Metals Exchange for its amazing offers. On the Yelp review site, the corporation presently has 957 reviews. From those reviews, most clients appear satisfied with their transactions and revealed satisfaction by granting the corporation high scores on the review site.

Clients also give a favorable response to the corporation's customer service representatives. The clients refer to them as a reputable company with qualified and receptive staff. Still, there are criticisms and some negative reviews about the absence of customer service assistance at the weekends and the holdups during shipping.

Money Metals Exchange Reviews: Independent 3rd Party Customer Reviews

Money Metals Exchange bags an A + Rating from the BBB (Better Business Bureau), an AAA Rating from BCA (Business Consumer Alliance), and another A + Rating from Scam Report. Also, as of July 7th, 2022, their Facebook platform has a 4.6/5-star rating from the impression of 194 persons.

Although there are some unfavorable reviews about the corporation, as predicted with any industry, the favorable reviews can serve as reasonable evidence that they are a reputable and trusted gold IRA and precious metals corporation.

Alternatives to Money Metals Exchange

>>CLICK HERE to read our list of the top gold investing companies.<<

If Money Metals Exchange is too “expensive” for you, examine the two cheaper alternatives below:

Alternative “GoldCo”

Goldco clients obtain an IRA rollover procedure that is effortlessly incorporated with excellent guidance on ways to invest in precious metals. By brainstorming with several other economic specialists in the business, the organization can deliver several services to aid its customers.

Goldco similarly possesses a buyback policy, where clients can trade their investments back to the corporation if they wish to.  With their quick and understandable IRA layout, customers can observe their retirement conservations begin to accumulate as quickly as possible.

Alternative “Augusta Precious Metals”

Augusta Precious Metals intends for customers to retire comfortably by assisting them in including material silver and gold in their retirement conservations, which enables them to modify and teeter against the unfavorable impacts of the economy upon the fluctuating price of the dollar. Augusta Precious Metals provides silver, platinum, gold and palladium bullion packages and pre-rolled gold coins and silver coins to cater to the desires and appropriations of various species of investors.

Characteristics of the Better Business Bureau A+ Rating that compelled investors to employ their services include compliance with Business Consumer Alliance, no coercive sales tactics, price assurance on every top-quality coin, they specialize in 100% silver and gold, and a special, unrestricted one-on-one academic webinar, with customers possessing exclusive custody of their stakes.

Augusta Precious Metals promote the corporation's contributions following prevailing facts while assuring customers receive a good process and a retirement free of pressure.

How to invest in Money Metals Exchange

Utilizing its online trading procedure, investing in metals from the Money Metals Exchange is simple, safe, and quick. Below the "Buy Silver" caption on their website's interface, you can see all available products for investment at any allotted time. 

Immediately after you select a commodity you wish to acquire, click on the blue button tagged "Add to Cart" for that specified product of your choice.

After including all you need into your cart and revising your order if you wish to, click on the blue button tagged "Check Out" on the top right-wing compartment of your screen.

You will be required to sign up for an account or sign in and input all your shipping and billing data.

The entire procedure takes approximately ten (1) minutes to finalize. After successfully placing your order, anticipate delivery to your depository within 1 to 5 days, depending on your location.

Assuming a problem occurs during your purchase, contact their customer service representatives or send them a mail, but be aware that you may need to pay return shipping cost depending on your situation.

Do We Recommend Money Metals Exchange?

Although there is no perfect precious metals enterprise, we have discovered in this Money Metals exchange review that Money Metals Exchange is real. You may discover different alternatives that give you fairer bargains. Still, it depends on your choice and satisfaction with such a company.

The company exhibits live rates of precious metals, enabling investors to determine what to purchase. Furthermore, they possess comprehensive bullion-applicable content, market research resources, and a rather transparent procedure for acquiring coins.

With over a decade of experience and little criticism, they are a reputable and sufficiently established corporation.

Our Verdict : 3/5