Disclosure: This article contains references to products from our partners. We may receive compensation if you apply or shop through links in our content. This compensation is how we fund our in-depth research. (read more)
Welcome to our Money Metals Exchange Review
We guess, like most of our readers, you have come here to find an answer to one of these questions.
Is Money Metals Exchange Legit?
Can Money Metals Exchange be Trusted
Is Money Metals Exchange the Best Place for My Gold and Silver Investment Needs?
Should I open a Money Metals Exchange Gold IRA?
If you're having doubts, you should probably check out the TOP Gold Dealer of 2023 by clicking here first.
Please click on any of the buttons below to see the comprehensive guides and information from our top five recommended companies.
For those of you who are in a rush and just want our opinion, which is based on years of research in this sector, here are the answers to your key questions
Please read the full article below for those who would like to understand a little more about the rationale for this recommendation.
Money Metals Exchange is a gold IRA company. Stefan Gleason founded the company in 2010, and the headquarters is currently in Eagle, Idaho. The company is reputable in the precious metals industry, especially within the USA. Their prices for gold metals are excellent. However, their silver pricing is a little above the average.
The company has a wide inventory and offers its customers a wide array of gold, silver, platinum, and palladium bars and coins. They also have plenty of bars and coins that are IRA-eligible in their catalog.
Money Metals Exchange has a rich 'Resources/News' section on its website. This section provides customers with educational materials. Some resources in this section include podcasts, the company's FAQs, charts for gold, and an education center.
From the company's website and what we were told when we interacted with the company's employees, the key members of their management team are listed below.
All the members of the management team have their profiles on LinkedIn. The company makes a gross revenue of over $4.5M, and they have 21 employees.
When it comes to Money Metals Exchange's precious metal prices, the company is an outstanding competitor. In July 2022, the company listed its 1-ounce gold bullion bars at $62 over the daily spot price. Based on our review standards, the deal is impressive because gold dealers in the US offer their gold bars at 5% or more over the daily spot price. Using the current market pricing, these dealers list the same gold bars for $85.
When it comes to silver, the case is slightly different for Money Metals Exchange. The company lists its 1-ounce silver bullion products at $5.50 over the daily spot price. They sell their silver bullion at this listing for 35% higher than the current market price. With this price, the company has more or fewer alignments with its competitors because most dealers in the US list the same silver bullion at 30% above the daily spot price.
| Value of Your Holding | Annual Storage Fee |
|---|---|
| IRA Set-up | $50 |
| Wire Transfer | $30 |
| $0 -$15,999 | $96 |
The cost of shipping depends on the value of your orders. Every order has full insurance and will need a signature on the receipt upon delivery.
The table below shows the company's costs of shipping.
| Order Value | Shipping Cost |
|---|---|
| $150 - $499.99 | $9.97 |
| $500+ | Free |
| Up to $149.99 | $6.97 |
Below is the list of the product categories offerings in their catalog.
Money Metal Exchange IRA Eligible Precious Metals
Below is a list of IRA-eligible precious metals in the company's product selection catalog.
Customers choose their preferred payment methods depending on the worth of metals they want to buy and how fast they want them delivered.
You will be charged a 4% processing fee if you pay through PayPal or a credit card linked to your bank account, no matter how much you spend.
If you use the cryptocurrency payment method, you will pay extra charges of 1.5 to 2.5% depending on your spending.
Below is a table showing the payment methods of Money Metals Exchange.
| Payment Method | Minimum Payment Method | Maximum Payment Methods | Processing Time |
|---|---|---|---|
| Cryptocurrency | $0 | $50,000 | 1–2 calendar days |
| Credit or debit card | $0 | $575 | 1–2 calendar days |
| Money order | $0 | $25,000 | 7–10 calendar days |
| PayPal | $0 | $575 | 1–2 calendar days |
| ACH transfer | $0 | $575 | 7 -10 calendar days |
| Personal Check | $0 | $25,000 | 7–10 calendar days |
| Wire Transfer | $3,000 | $50,000 | 1–2 calendar days |
The shipping information page on the company's website clearly states that orders whose payments have been cleared are shipped out within 1-2 business days. All you need to do is to follow the shipping instructions when finishing the checkout process. Generally, it takes between two to four business days of delivery for products to arrive at the clients' shipping or general locations. The company offers secure packaging for orders they ship with a protective insurance policy.
A+
Thirty-six complaints closed in the last three years.
AAA
The rating was from a total of 7 United States Money Reserve review
No Reviews Were Found
No Reviews Were Found
4.5 out of 5 Stars
172 Money Metals Exchange Reviews.
2.3 out of 5 stars
From a total of 30 reviews, 6 (20%) were excellent, 3 (10%) were poor, and 21 (70%) were bad.
When we contacted Money Metals Exchange to enquire about their promotional offers, the agent we spoke to told us that Money Metals Exchange has no offers at the moment. Suppose you want to invest in a gold IRA company that will offer you amazing promotions for your first order. In that case, we recommend Goldco. Opening a Gold IRA account and rolling over your 401k funds through Goldco qualifies you to GET FREE SILVER WORTH \$10,000. Click this GOLDCO link to see if you qualify.
Basic Features
Basic Features
Get more information about Goldco IRAs here.
Basic Features
Get more information about Hartford Gold here.
Basic Features
A strong market presence and a history of nearly 20 years
Basic Features
They have their IRS-approved storage facility in Texas
You are probably reading this review as you wish to grow your wealth long-term; this may be for your retirement or as a general savings regime. Using the vehicle of a gold IRA or, as it is more usually known, a gold IRA is a great way to help you achieve this aim.
When selecting your gold IRA and storage provider, you need to be very picky about the companies you invest your money through.
There are a lot of gold companies in the industry, and all of them try to outdo each other. One of the things these companies do is present clients with new services and amazing offers and perks to attract them. The company with the best initial offers might not be the best company for a long-term investment.
Bear Lake Gold put together this review to help you make the right decisions for your gold investments. In our expert opinion, Money Metals Exchange is a good precious metal company. Still, we have not rated them in our top thirty selections for IRA provision.
Their silver price variation, lack of 7 days customer support, intermittent shipping delays, and constant out-of-stock issues are reasons you should look elsewhere when buying gold or seeking to invest in a gold IRA.
In our expert opinion, Augusta Precious Metals, Goldco, American Hartford, Birch Gold Group and Noble Gold Investments are the best bullion dealers for most investors looking to either casually buy gold, silver, platinum, or palladium or looking to establish a gold IRA.
These companies have a track record of integrity and their services deliver optimum customer satisfaction to people living in the United States. Investing with one of our recommended top five Money Metals Exchange alternatives is the best gold investment choice you can make.
Yes, Money Metals Exchange accepts returns initiated within three days of delivery. To initiate a return or exchange, call customer service at 800-800-1865.Return the product in its original packaging and pay for shipping. Payments made with PayPal or credit card will cost a 5% stocking fee. In addition to shipping costs, you're also responsible for market losses. This means that if the price of your items is down from what you initially paid, Money Metals Exchange will refund you at the lower value
All Money Metals Exchange orders are insured for their full value and come with tracking information. The site uses SSL-encryption certified by DigiCert to protect sensitive data during the checkout process.
There isn't a ton of feedback about Money Metals Exchange — but what's available is quite positive. As of October 2020, the BBB awards the company an A rating and it earns a 4.7- out of 5-star reputation based on the feedback of 78 customers. While the company doesn't have a Trustpilot page, it averages 4.7 out of 5 from 56 Facebook reviews.Customers speak highly of the company's courteous, professional support reps but complain of intermittent shipping delays.
Source: finder.com
