Last Updated on November 14, 2023 by Ben
Orion Metal Exchange Review
Are you looking for a company that will provide quality metals while also being affordable? Orion Metal Exchange precious metals dealer is just what you need. This article provides information about Orion Metal Exchange offers, including the types of products they provide, their prices, and other details about precious metal investments.
About Orion Metal Exchange – Everything You Should Know
What is Orion Metal Exchange?
Orion Metal Exchange Gold is a precious metals broker that was formed in 2017. In addition, the firm helps individuals looking to buy physical assets and open a Precious Metals IRA with the easy process of doing so.
Orion Metal Exchange has a nice range of gold coins, silver coins, platinum, and palladium coins for metal exchange gold IRA investment. However, if it’s your first time purchasing metal assets, then be aware that there are no bars on offer.
It’s unclear whether the firm has partnered with a preferred metal based IRA provider for precious metal storage services. Moreover, the customer is free to select where to store their gold and silver investments.
Who Are the Founders of Orion Metal Exchange?
Orion Metal Exchange, founded by Jacob Blalock in 2017, is relatively new to the precious metals industry. Despite this, it has made a great impact. The company’s headquarters are in Los Angeles, California, where it claims to have over 50 years of combined expertise in precious metal IRA.
It has earned a lot of excellent testimonials and Orion Metal Exchange reviews from hundreds of happy investors, making it one of the most well-respected precious metals dealers in the United States. The company caters to a wide range of precious metals investors’ demands, such as:
- Orion Metals Liquidation
- Accredited IRA account set-up
- Reliable vault storage services
It caters to investors from all over the world, including those in other countries who are interested to buy precious metals directly yet don’t have access to it in their systems. Each investor is assigned an IRA custodian who will work with him or her throughout the retirement account investment process.
Your account manager will be able to answer any questions you may have about your existing retirement account, as well as help you determine the optimum precious metals for your retirement funds. Your account counselor will also keep in touch with you, providing you with up-to-date information on market conditions and precious metals changes influenced by economic events.
Many individuals choose to use Orion Metal Exchange since the firm is the only company to provide greater customization than other precious metals IRA providers in the United States. You can even convert your existing IRA into a Gold IRA or precious metals IRA portfolio if you like.
The Professional Coin Grading Service (PCGS) verified it. It also follows standards and regulations put in place by the Industry Council for Tangible Assets (ICTA) and the Numismatic Guaranty Corporation (NGC).
Orion Metal Exchange that you should examine if you want assistance with your valuable traditional IRA metals purchases. They can set your mind at ease by ensuring that you will not lose money because the bullion coins and precious metal coins you’re buying are correctly graded and valued.
Orion Metal Exchange Management Team
The website of the Orion Metal Exchange is not forthcoming about its administration team. LinkedIn, on the other hand, identifies Jacob Blalock as the company’s CEO and co-founder.
Orion Metal Exchange Fees, Products, and Services
The Orion Metal Exchange sells several precious metals, including gold, silver, platinum, and palladium. They are available in coins and bullion bars.
Furthermore, it provides numismatic coins. Clients may also store their coins in its secure vaults, as well as home storage, safe vault, and of course, IRA services.
The representative from the Orion Metal Exchange provided details about its costs.
The safe deposit box costs for precious metals vary from $75 to $100 per year, depending on where they are stored. This price is similar to that of the annual storage fees of market.
Furthermore, self directed IRA insurance is provided as part of Orion Metal Exchange services.
The $5,000 minimum investment is suggested, but the firm suggests that clients invest at least $30,000 to take advantage of advertising incentives.
On Orion Metal Exchange website, the prices and expenses of precious metals are also stated. Furthermore, it provides pricing charts that may be beneficial to investors and clients as they purchase precious metals.
Orion Metal Exchange Pros and Cons
- Wide variety of Orion coins and other precious metals
- No set-up or transfer fees
- Insured shipping for customers who wish to store their metals at home
- Free storage promotion
- Orion Metal exchange can’t do business online
- Lacks ratings and reviews
Orion Metal Exchange Custodian and Storage
The company offers several precious metals storage options:
Residential Safe Storage
Investors who want to keep their gold close by can use Orion Metal Exchange’s home safe storage options, which allow them to keep all precious metals safely stored and within arm’s reach.
Vault Storage in an Off-site Depository
Customers who don’t want to keep their valuables at home may benefit from a depository vault. For domestic or international options, Orion Metal Exchange offers Brink’s for both safe and secure storage. This is the most desirable and common storage option.
Precious Metals IRAs
Customers who want to put their valuable metals in an IRA can utilize Orion Metal Exchange’s services to get a Precious Metals IRA account set up or execute a rollover from an existing IRA.
Why You Should Invest in a Gold IRA Company?
When it comes to dealing with any financial services firm, you must first establish whether or not they are reputable. This is especially true when dealing with a precious metals company since you must have faith in it to securely store your assets.
The precious metals trade is a popular ground for fraudsters to ply their trade. This means that it’s even more crucial than usual to be sure you’re dealing with a trustworthy organization.
Orion Precious Metals is a well-known firm with excellent consumer feedback from many sources.
- BBB – B+ rating and not BBB accredited with no reviews and one complaint about unreturned fees
- Trustpilot – 4.8/5 rating with 97 reviews
The most common complaint about Orion Metal Exchange is that the daily market updates on gold or silver commodity spot pricing are insufficient.
The “Charts” page, on the other hand, provides real-time pricing updates for gold, silver, platinum, and palladium. Still, it’s worth noting that while the company does provide market prices for precious metals, these are based on the economic cycle.
If you have any queries about how the precious metals market operates, you may reach out to a representative by phone.
What Precious Metals Does Orion Metal Exchange Offer?
The Orion Metal Exchange (OME) enables investors to invest in precious metals and manages precious metals IRAs.
Precious Metals IRA
If you’re finding a way to save for retirement while investing in precious metals, Orion Metal Exchange can assist you with creating a precious metals Individual Retirement Account.
Traditional IRAs are one of several types of retirement accounts that may provide tax benefits if you use them to save for retirement. Any fund you contribute is subtracted from your taxable income when you complete your taxes, resulting in a lower tax payment over time. If you take money out of an IRA, for example, in retirement, when your tax rate is likely to be lower, you will pay taxes on the withdrawal.
Investors can add precious metals to their Individual Retirement Accounts (IRAs) through Orion Metal Exchange. You may deposit money into your account and work with them to acquire the metals you desire.
Silver, Gold, Platinum, and Palladium Products
If you don’t want to open an IRA to store your precious metals, you may still work with Orion Metal Exchange to acquire coins. Investors can buy silver, gold, platinum, and palladium through the firm, allowing you to diversify your assets.
The coins available for purchase have been produced in:
- The United States
- The United Kingdom
The majority of the coins on offer originate from the United States.
Another disadvantage of the Orion Metal Exchange is that you can’t place coin orders online, and many coins’ prices are not visible on the company’s website. To obtain pricing information and make a purchase, you must contact a representative.
American Hartford Gold
American Hartford Gold, a family-owned firm, is committed to assisting customers in diversifying their assets with precious metals. The ounces in this category include silver, gold, and platinum coins and bars.
A new way to invest in precious metals, the Gold IRA combines real bullion with an IRA. To assist both novice and seasoned investors make educated judgments, American Hartford Platinum offers a wealth of precious metals market knowledge and historical background.
The firm is dedicated to making this information available for free so that investors may make the greatest judgments possible without being influenced.
American Hartford Gold has a high rating. They have been recognized by the BBB for 2016, and they have over 200 reviews on Google and Trustpilot. If you want to know that the company is reliable, then look at these reviews.
Augusta Precious Metals
Monevator has chosen Augusta, a market leader and proponent for incorporating actual gold and silver in retirement portfolios, as the Best Gold IRA Provider. With Augusta Precious Metals, you can rest assured that your physical gold and silver holdings will be handled with care over the long haul.
The process is made considerably simpler with the use of a third-party service that takes care of each step. As a result, this firm saves money by outsourcing various elements of the simplified technique, which are reflected in lower pricing for consumers.
According to the business’s website, Augusta is committed to complete openness, simplicity, and service for clients and their individual metals portfolios.
Augusta Precious Metals is distinguished from other gold businesses by its years of experience and knowledge of precious metals, especially gold and silver. Augusta is recognized for focusing on gold IRAs rather than other gold dealers that offer a variety of varied services.
Goldco is a firm located in Woodland Hills, California, that provides self-directed precious metal IRAs as an alternative to regular assets.
The firm provides a variety of investment services to help you profit from the market. While the actual precious metals that it offers are evident, there are a few additional possibilities for investors to consider. The business has a market system in place, for example.
This is available to investors as soon as they get involved with the company, and it is of high quality, according to Goldco reviews. There are a few things that people should think about before going forward.
It’s critical for any precious metals company to maintain an open channel of communication with its customers, especially if they’re the most important asset in its portfolio. This is true for all precious metals businesses and reflects their operations. When making a choice, having accessible information is essential.
Birch Gold Group is a precious metals seller with more than 20 years of expertise in helping investors manage precious metals and Gold IRAs. For IRA investments or personal ownership, the firm sells actual gold, silver, palladium, and platinum.
The Birch Gold Group’s in-house IRA Department specializes in making the creation of a Precious Metals IRA or the transfer of retirement accounts painless for clients. With a firm focus on client education, Birch Gold invests time educating each investor about the advantages and drawbacks of precious metals investing based on their goals.
Investors who want to invest their gold, silver, platinum, or palladium in a retirement account can do so through a Birch Gold Group IRA. The company enforces IRS-mandated criteria for inclusion in an IRA to ensure that your purchases meet the standards. A precious metals IRA may be used to purchase a wide range of assets.
If you are looking for a trustworthy company to help set up your Precious Metals IRA, Orion Metal Exchange might be the right choice. They have an extensive selection of coins and bars available in gold, silver, platinum, and palladium.
The downside is that they do not disclose whether or not they partner with a preferred custodial service—you’ll need to contact them directly if you want more information about this aspect. Regardless, their prices seem competitive when it comes to precious metal dealers in the area, so we recommend giving them a try!