Last Updated on March 17, 2024 by Ben
Midwest Bullion Exchange
When it comes to investing, there are numerous options to choose from. Some people prefer the stability of stocks and bonds, while others like the idea of buying and selling physical assets such as gold or silver.
If you’re interested in precious metals but don’t know where to start, Midwest Bullion Exchange may be the perfect option for you. They present a wide range of products and services, and their team of experts can help you get started with everything from acquiring your first ounce of gold to setting up a self-directed IRA account. So if you’re seeking a trustworthy and reliable precious metals dealer, be sure to check out Midwest Bullion Exchange!
Midwest Bullion Exchange Review – Is It A Legit Company Or A Scam?
Company Info & Background- Overview
Midwest Bullion Exchange (www.privatebullion.com) is a company that sells precious metals like gold and silver. They are based in Minnesota, and they have been in business since 2009. Goldstar Trust Company provides the company with custodial services, and Delaware Depository provides storage for the metals.
The company offers a wide range of gold, silver, platinum, and palladium coins and bars. They also have many of the most popular IRA-eligible coins. Additionally, they offer collectible coins for investors and collectors.
Midwest Bullion Exchange promises that it will only provide the best products to its customers.
Midwest Bullion Exchange Services / Products Available
Midwest Bullion Exchange offers a variety of precious metals, including gold, silver, platinum, and palladium. These metals come in different forms like bars and coins. There are also metals that can be put in an IRA account. Some examples of gold products include the Gold Austrian Philharmonic and American Gold Buffalo. You can buy silver coins from a few different countries.
The American Silver Eagle and Canadian Silver Maple Leaf are two popular options. You can also get the Platinum American Eagle and Canadian Palladium Maple Leaf. They also have other products, like collectible coins, but most of them are not available right now.
Midwest Bullion Exchange offers a good selection of IRA-approved coins and bars, as well as collectibles. Some of the foremost popular gold, silver, platinum, and palladium coins that can be held in a Precious Metals IRA are available there. The catalog offers a variety of gold and silver coins. Some examples include the Gold Canadian Maple Leaf, Gold Austrian Philharmonic, American Gold Buffalo, Canadian Silver Maple Leaf, Platinum American Eagle, and the Canadian Palladium Maple Leaf. At present, some of the products on the website are not available for purchase.
- E-commerce facility
- Bullion Bars
- Bullion Coins
- Numismatic Coins
- Investment/Retirement Vehicles
Interesting Products Available
Midwest Bullion Exchange is responsible for the security, storage, and insurance of gold and other precious metals. This includes making sure that the metals are stored securely and that they are insured in case something happens to them.
- Buys the gold the IRS approves
- Sets up a self-directed IRA
- Stores the gold somewhere safe
Gold bullion bars are a type of product that you can buy from the company. They have a good selection of products to choose from.
One thing that stands out about their product selection is the fact that they place a stronger emphasis on silver than gold.
- Junk Silver Bags (a big bag of silver coins)
- The Monster Box (basically a big box of silver coins)
These products are for people who are interested in silver investments and are willing to put in a lot of work. They might not be for everyone, but it is still good to have the option.
Another great service on the Midwest Bullion Exchange website is the “Charts and Graphs” section. Here you can find data on the value of gold, silver, platinum, and palladium over time. Even though these charts may seem confusing to you, if you are familiar with precious metal investing, you will be able to understand them.
Company Trust Rating of Midwest Bullion Exchange
We have gathered reviews, ratings, and complaints about Midwest Bullion Exchange from different trusted consumer reporting and rating agencies.
- BBB – A+ rating, no reviews, one complaint, not BBB accredited
- Yellowpages – 5/5 rating based on two reviews
- Yelp – 5/5 rating based on two reviews
- Facebook – 5/5 rating based on one review
Although the ratings are good, they are based on only a few reviews, and this might not be very helpful because other companies have many more good reviews.
Is Midwest Bullion Exchange A scam?
In conclusion, this Midwest Bullion Exchange Review answered the question.
Midwest Bullion Exchange is a legit and genuine full-service precious metals provider. It is partnered with companies such as Delaware Depository and GoldStar Trust Company.
At the moment, this company’s products have not been reviewed as well as its competitors’ products. Additionally, its products are often unavailable for purchase.
If you are looking for a good company to invest in precious metals, check out the top recommendation below.
Midwest Bullion Exchange Pros and Cons
Pros
- Good products and services
- Have been around since 2009
- A lot of positive reviews
- It has been around since 2009
Cons
- Lacks reviews
- Most products are “Out of Stock.”
- Not accredited with BBB
Alternatives
Goldco
www.goldco.com
Star Rating
Goldco Precious Metals is a company that specializes in gold and silver IRAs. It also sells physical metals directly to customers. The company has been helping people diversify, grow, and protect their wealth with metals like gold, silver, platinum, and palladium since 2006. The company is familiar with providing excellent customer support and providing superior service and educational resources to the investing community.
Trevor Gerszt founded Goldco. Goldco is a financial services company that is headquartered in Woodland Hills, California. Inc. Magazine named it the third fastest-enlarging financial services company in the US in 2015. And the Los Angeles Business Journal called it the 17th fastest-growing company in the significant Los Angeles Area. Goldco’s mission is to assist Americans in protecting their retirement accounts from stock market volatility and inflation by buying precious metals.
American Hartford Gold
www.americanhartfordgold.com
Star Rating
American Hartford Gold Group helps people invest in precious metals. The company is an empire and was established by a team of people who know a lot about the precious metals industry. Sanford Mann, the CEO of the company, has helped to grow the business rapidly. He believes in providing customers with unlimited education and honest deals. You can purchase gold, silver, and platinum through the American Hartford Gold Group, and you can buy them in bars or coins. If you want to buy the physical item, the company can ship it to your house.
But if you want to invest in precious metals, you can do that through a retirement account, like an IRA or 401k. With a retirement account, you won’t get the physical items, and they will be kept in a secure place.
Augusta Precious Metals
www.augustapreciousmetals.com
Star Rating
Augusta Precious Metals is a family-operated business that helps people save money for the future. Augusta Precious Metals offers Gold and Silver IRAs. This company wants to help potential investors feel confident about their financial future. The firm has a lot of experience with the industry. Augusta works one-on-one with investors to help them grow their wealth and make sure they are comfortable and safe in their retirement with a precious metals IRA.
The company has a good rating with the Better Business Bureau. It also has a good rating with the Business Consumer Alliance. The CEO of Augusta Precious Metals, Isaac Nuriani, started the company in 2012. What makes it so successful is its focus on the customer. The company wants to help people protect their investments. It also offers a personalized approach to precious metal investing. The firm will help you through the process and make sure everything is done correctly. They have a lot of knowledge about how to do this properly.
Conclusion
Midwest Bullion Exchange is a good investment for those looking to invest in precious metals. The company offers a variety of coins and bars that are IRA-approved, making it easy for investors to add these assets to their retirement portfolios. Additionally, the website offers a catalog of investment-grade coins for collectors and investors alike. While some of the products on the website are currently out of stock, more inventory is expected to be available soon.