Investing in precious metals can be a good way for you to not only diversify your assets but also expand your investment portfolio. That being said, the choice of your company can go a long way. In the following Orion Metal Exchange review article, I will look at a company that has been rising as of late.
Many people are looking into this company reviews, which is why I decided to put out my own review and talk about the company. This will help you figure out if the company is a good choice for you.
A Brief Overlook Of Orion Metal Exchange
If you want to turn a profit on your metal investment, you will need to have a capable investment company. Orion Metal Exchange understands this relation, makes it their duty to help you succeed in your investments. The company’s owners have 40+ years of combined experience to guide you through your endeavors.
Putting their clients first, they have a variety of services and will guide you through them every step of the way. They have a solid reputation that they have created since their founding back in 2017. Though they may not have been around for long, they have had a significant impact since their arrival.
I will take a deeper look into all their services below, so make sure you stick around. If you want to check out the company yourself, I have provided all of their contact information below for your convenience:
You can reach out to the company via:
Phone Number: 800-559-0088
Email: [email protected]
Address: 12301 Wilshire Blvd, Suite 412, Los Angeles, CA 90025, United States
The Services Provided By Orion Metal Exchange
The company’s services are the first deciding factor you need to look into. In this section of the article, I will talk about all of the services that Orion Metal Exchange will provide to you as a customer.
Precious Metal IRA
This is the primary service that Orion Metal Exchange offers. Additionally, it is the service you are no doubt here for. The company does its best to provide you with various products. All of these are across 4 different metals, which I will get into later in the article.
Metal Storage Facilities
Storing metals at your home can be risky. Most companies will recommend you look into a 3rd party storage service, and Orion Metal Exchange is of the same mindset. The company will help you find the perfect depository and ensure that it is insured.
Once you have paid the company for your precious metals, a notification will be sent to you about the funds. At that point, they will also authorize the shipping of your purchase. The entire shipping process is insured from the get-go and will take 5 to 7 days.
Clients of Orion Metal Exchange also have access to an exclusive buyback policy. The price at which you will get the money back will be initially guaranteed on your invoice, upon initial reception of the metals.
All it takes is a 30-second phone call. If your metals are stored in a 3rd party storage, this entire process can take 3 to 5 business days.
Orion Metal Exchange Products
If your objective is to primarily invest in metals, you probably do not care about the other services. You can always take advantage of them later if you want to. In this section of the article, I will mention most of the products you can invest in, that Orion Metal Exchange provides.
Now, I should talk about how the company can provide a vast array of metals. Aside from the bare minimum of silver and gold products, they also have platinum and palladium. All of them will be sorted according to the metals for your convenience.
- 2014 Gold Royal Canadian Mint Arctic Fox Coin 0.25 oz
- Gold American Eagle Proof 0.1 | 0.25 | 0.5 | 1 oz
- Gold Great Britain Queens Beast Coin 1 oz
- IRA Approved Gold Bars
- 2015 Gold Royal Canadian Mint Polar Bear & Cub Coin 0.25 oz
- 2017 Gold Royal Canadian Mint Grizzly Bear Coin 0.3 oz
- U.S. Gold Commemorative $5 0.2419 oz
- Gold American Eagle Coin 0.1 | 0.5 | 1 oz
- 2016 Silver Royal Mint Snow Falcon Coin 1.5 oz
- IRA Approved Silver Bars
- Silver American Eagle Coin 1 oz
- 2020 Silver Great Britain Spade Guinea Coin 0.1 oz
- Silver American Eagle Proof 1 oz
- Silver America The Beautiful Coin 5 oz
- Silver Canadian Maple Leaf Coin 1 oz
- Silver Rose Crown Guinea Coin 1.25 oz
- IRA Approved Platinum Bars
- Platinum American Eagle Coin 0.1 | 0.25 | 0.5 | 1 oz
- Platinum American Eagle Proof 0.1 | 0.25 | 0.5 | 1 oz
- 2020 Platinum Striped Marlin Coin 0.3 oz
- 2019 Platinum Bottlenose Dolphin Coin 0.3 oz
- 2019 Platinum Humpback Whale Coin0.3 oz
- 2018 Platinum Emperor Penguin Coin0.3 oz
- 2021 Platinum Rose Crown Guinea Coin0.3 oz
- Platinum Australian Phoenix Coin 0.25 oz
- IRA Approved Palladium Bars
- Palladium Maple Leaf Coin 1 oz
- Palladium American Eagle 1 oz
While Orion Metal Exchange may allow you to get bars of all 4 metals, these are based on availability, which means that there is a fine chance that you may not be able to invest in a certain metal bar if you lack the stock.
With that being said, you should not have any problems when it comes to the rest of the products. This makes the company a great place to consider if you want to invest in many different and varied metal products.
Pros And Cons Of Orion Metal Exchange
The positive aspects of a company should always outweigh its negatives. Due to this reason, I will be looking into the pros and cons of Orion Metal Exchange.
- Low Annual Fees.
- Variety of different products.
- 4 different metals to choose from.
- No setup fees.
- No transfer fees.
- Insured and fast Shipping.
- Various promotions running now and again.
- Solid customer service.
- Products are mostly coins of different oz counts.
- A minimum $10,000 purchase is needed to checkout.
- No Free Shipping.
- Customer service is only available on weekdays, from 8 am to 5 pm.
Overall, it is safe to say that the company has a lot of positives for you to take advantage of. Additionally, the cons are not that problematic to deal with.
Orion Metal Exchange’s Ratings
A company’s credibility can be based on its rating reviews across multiple sites and users throughout the years. If a company has excellent user reviews and generally positive ratings, you can be sure they have services to match them.
Alternatively, any company with bad ratings will only cause you issues. Here are the various ratings that Orion Metal Exchange has gathered throughout the years:
- The company has a 4.9 out of 5-star rating across 148 reviews on Trustpilot.
- Orion Metal Exchange has the same 4.9 out of 5 stars on Consumer Affairs. This is the result of 167 different ratings.
- The company has an A+ rating accredited to it by the Better Business Bureau.
- The company has 4.9 out of 5 stars on Google Reviews out of 186 different reviews.
These rating points to Orion Metal Exchange make it a very capable company. I, for once, would want to check this company out if I saw near-perfect ratings such as this.
Is Orion Metal Exchange A Reliable Company?
Overall, it is safe to say that the company is not a scam if that is what you are worried about. Many customers have trusted Orion Metal Exchange with their hard-earned live savings. Almost all of them have been satisfied with their decision.
If you are still on the fence about this company, you should not be. This can either be due to the experienced staff or the company’s services. Or it could also be because of the low fees that I will get into in a moment. Hopefully, the fees section will remove any doubts in your mind.
Fees In Orion Metal Exchange
The fee of any company is a huge deciding factor. Do you pay the higher fees for a more premium company, or do you risk your investment with a company asking for significantly less?
By now, I should have made my case that Orion Metal Exchange is pretty reliable. However, they are also very clever enough, not to mention their fees regarding IRA accounts. Product prices are mentioned transparently on their website but mention of Annual fees is not that clear.
Luckily, I got these numbers to help you formulate your decision. Orion Metal Exchange is known for its cheap annuals, which will cost you $75 to $100 at most. This is very cheap when you compare prices to its competitors. One thing to note is that these may not cover maintenance fees.
Depending on the IRA account that you choose to get, the company will charge you $150 at a minimum and $225 at a maximum. On average, you are looking at $175 per year for management, insurance, and storage. This is on top of the $250 setup charge you must pay the company.
Unfortunately, shipping fees are also a thing, and you will have to pay them when your product is delivered to your doorstep. Furthermore, fees related to the maintenance of your IRA accounts are also tax deductible.
Current Promotions By Orion Metal Exchange
As of writing this article, it seems that Orion Metal Exchange has put out a limited-time offer. Customers can receive up to $30,000 in free gold and silver. To avail this offer, you must make a qualifying purchase.
Details on this offer are not clearly mentioned as the website only shows a generic message broadcasting this deal. Furthermore, the only way to inquire more information about this is to call them via phone.
The amount advertised is not small by any means. To reach that number, there is no doubt that you will have to carry out a huge investment. If that is what you are in the market for, you should take advantage of this offer.
How To Open An Account With Orion Metal Exchange
When opening accounts with a company, most people are put off by the process. No one wants to spend hours trying to make an account when all they want to do is protect their retirement money.
In the case of Orion Metal Exchange, the account creation process seems as easy as it gets. The website states that the entire process is straightforward and can begin with little effort.
The people at Orion Metal Exchange make sure to help you where you need it. You will have access to an in-house IRA department to help you decide on your metal custodian.
Furthermore, they will help you figure out the metal depository that suits your needs and the account type best for you. This also translates to the creation of an account.
Frequently Asked Questions
Q1: How Can You Purchase Coins From Orion Metal Exchange?
You can buy, sell and exchange all manner of precious metals from the company by simply making a phone call. You can also do all of this from their website. Before engaging in all these services, you must open an account with them.
Q2: What Types Of Precious Metals Does Orion Metal Exchange Sell?
As mentioned in the article, you can buy 4 different metal products from the company. These metals are gold, silver, palladium, and platinum. If you want to browse their product range, they are listed above or visit their website for assistance.
Q3: What Is The Best Metal To Invest In?
Due to its properties and wide range of uses, gold is one of the best metals to invest in. The metal is also a solid investment choice as its price usually remains the same and does not bounce much. In times of crisis, it is known to go up rather than down.
Q4: Are Retirement Funds Tax-Deferred In Precious Metal IRAs?
The short answer is yes. Users can withdraw their metals in actual form or receive the cash equivalent of their market value. Since precious metal IRAs have the same tax deferment benefits as other IRAs, there is no reason why metal IRAs would not have the same.
Related: Gold IRA Tax Rules: The Complete Guide
Q5: Can You Store Your Precious Metals At Home?
Orion Metal Exchange allows you to store your precious metals at home. This is the main reason why they have a door-to-door delivery option. The company, however, does not recommend this as you can be liable to various fines and penalties imposed by the IRS.
It is time I lay out my final thoughts on the company. This company can hold its reputation very prominently as seen from different Orion Metal Exchange reviews, because they are offering quality services to those who need them.
Their varieties of products in various metals make it a great option for those seeking diverse metal investment. If you want to expand your portfolio with all sorts of metals, then Orion Metal Exchange might be what you are looking for.
While they are not a perfect company and have a few flaws, which I mentioned above, these flaws are not enough to not recommend the company.
Martin Thomas, the owner of Sutter Gold Mining, is a true gold investment aficionado. With decades of experience and a wealth of knowledge, he is the go-to source for anyone navigating the vast world of precious metals. Martin has dedicated decades of his life to understanding the intricacies of the precious metals market and the best strategies for maximizing returns. His expertise in this field is unmatched, and his commitment to helping others make informed investment decisions is unwavering. With him as your guide, you’ll gain a deeper understanding of the gold market and learn how to make smart investment choices that will benefit you for years. With his guidance and wisdom, you will never have to worry about taking the wrong investment step again.