- Orion Metal Exchange is the world’s leading online gold investment platform that offers secure storage and insurance, competitive commission rates, and an accessible trading platform.
- Orion Metal Exchange has earned a strong reputation and received awards, including the Queen’s Award for International Trade and Innovation, and positive feedback from wealth management companies and investors.
- When compared to competitors, Orion Metal Exchanget stands out with lower fees and costs compared to the closest competitor, as well as offering a wide range of investment-grade gold bars.
Introduction: Orion Metal Exchange
5.5/5 Ratings
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.
Pros and Cons
Pros
✅ 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
Cons
❎Orion Metal exchange can’t do business online
❎ Lacks ratings and reviews
Overview of 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:
- Sales
- Orion Metals Liquidation
- Education
- 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.
Features and Benefits of Orion Metal Exchange
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.
Fees
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.
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.
The Reputation and Awards of Orion Metal Exchange
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.
Comparison with Competitors
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
- Canada
- The United Kingdom
- Australia
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.
Investors can diversify their portfolio by investing in different types of gold bars. By considering their financial goals, risk tolerance, and investment objectives, they can maximize returns while minimizing risk.
Customer Support and Security Measures
Customer support and security measures in Orion Metal Exchange are top-notch, ensuring a safe and reliable platform for gold investors. With multiple customer support channels available, timely assistance is readily accessible. Furthermore, rigorous auditing and verification procedures instill confidence in the accuracy of holdings. Robust security measures are in place to safeguard precious gold assets, offering peace of mind to users. The dedication to customer support and stringent security measures sets Orion Metal Exchange apart as a trusted platform in the gold investment industry.
Availability of Customer Support Channels
BullionVault provides customer support for users with several channels:
- Live chat for immediate assistance.
- Email support for those who prefer written communication.
- Phone support for personalized assistance and guidance.
- An extensive FAQ section and help center.
- And an active presence on social media platforms.
BullionVault ensures prompt responses and addresses user queries efficiently. They also audit to ensure the gold is real, not fool’s gold.
Auditing and Verification of Holdings
To guarantee auditing and verification are done right, Orion Metal Exchange uses an extensive system. Leading international auditing firms carry out regular independent audits. These audits check the presence, honesty, and correctness of the gold bars held for investors.
Orion Metal Exchangeoffers clients reports on their gold. The reports provide details, like serial numbers, weights, and purity of the gold bars stored. This documentation allows investors to know their investments are secure.
Orion Metal Exchange keeps track of all gold bars held in storage. Each bar is given its own serial number and is monitored from the moment it’s bought to when it’s stored in a secure BullionVault vault. This attention to detail keeps the gold’s genuineness and value safe.
Ultimately, Orion Metal Exchange’s emphasis on auditing and verification gives investors relief knowing their gold holdings are properly counted for and safeguarded. By following high standards of transparency and responsibility, Orion Metal Exchange confirms itself as a dependable platform for precious metal investing. Because gold is worth its weight in security, Orion Metal Exchange takes the extra step to protect investor’s valuable investment.
Orion Metal Exchange Final Thought
Orion Metal Exchanget emerges as a top choice for gold investors, offering reliability and convenience as its key strengths. In this conclusion, we will discuss why BullionVault stands out as a trusted platform for investing in gold. We will also touch upon important considerations and alternative options that gold investors should keep in mind. With its impressive track record and user-friendly interface, BullionVault proves to be a game-changer in the world of gold investment.
Orion Metal Exchange is a great platform for gold investing. Its secure storage and insurance, low fees, and accessible trading platform make it a trustworthy choice.
Secure storage and insurance give investors peace of mind that their gold holdings are safe. Plus, Orion Metal Exchange has competitive commission rates, so buying and selling gold is affordable.
An easy-to-use trading platform simplifies investing. Account registration and buy/sell orders can be done quickly online. Orion Metal Exchange also enforces a secure validation process to ensure user accounts are safeguarded.
Some Facts About Orion Metal Exchange:
Orion Metal Exchange is the largest online precious metals investment service in the world, with over 85,000 clients from over 175 countries and total holdings of over $2 billion in stored bullion across five vaults. (Source: Daily Forex)
Orion Metal Exchange offers highly secure gold, silver, and platinum trading and storage services, and in the case of business failure, a liquidator will return all assets to the owners. (Source: Daily Forex)
Orion Metal Exchange provides a safe and cost-effective way to own physical gold, with low fees and competitive commission rates starting at 0.8%. (Source: Investing.co.uk)
Orion Metal Exchange has won several awards, including the Queen’s Award for International Trade and Innovation. (Source: Team Research)
Orion Metal Exchange offers a user-friendly interface and real-time trading options, making it convenient and accessible for investors. (Source: Adam Fayed)
FAQs About Orion Metal Exchange
What is Orion Metal Exchange and where is it registered?
Orion Metal Exchange is an online gold, silver, and platinum dealer registered in England and Wales. It operates in over 175 countries and has storage locations in five different countries.
Does Orion Metal Exchange offer wholesale rates for buying and selling precious metals?
Yes, Orion Metal Exchange offers wholesale rates for buying and selling precious metals, which allows investors to cut dealing costs compared to traditional coin retailers.
Is Orion Metal Exchange a member of any professional bullion market associations?
Yes, Orion Metal Exchange is a member of the London Bullion Market Association and the London Platinum and Palladium Market, which ensures its adherence to industry standards and regulations.
Does Orion Metal Exchange provide 24-hour access to accounts?
Yes, Orion Metal Exchange provides 24-hour access to accounts, allowing investors to buy and sell gold at any time through their online trading screen.
Is Orion Metal Exchange recommended for diversifying investment portfolios and hedging against risk?
Yes, Orion Metal Exchange is recommended for diversifying investment portfolios into gold, as it offers a safe and cost-effective way to own physical gold. It also serves as a hedge against inflation and economic downturns.
What are the support hours for Orion Metal Exchange customer service?
Orion Metal Exchange customer support is available during regular business hours via email, phone, and live chat.