Money Metals Review

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Are you in the pursuit of financial freedom? Have you considered investing in precious metals such as gold and silver, and how can they help secure your financial future? If yes, there is a likelihood you may have come across Money Metals while looking for a suitable investment company.

Is Money Metals a good company to work with? Will you be satisfied with the company's services and products? What’s the experience of clients who have worked with Money Metals before? You should ask yourself some of these questions before deciding to work with Money Metals.

  • Products: Precious Metals
  • Owner: Mike Gleason
  • Rating: 4.6/5

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Important Details About This Company:

  • Over 1,000+ 5 star ratings online
  • They protect over $1 BILLION dollars in retirement savings
  • AAA customer rated
  • A+ BBB Rating
  • 5x Inc 500 winner
  • 2021 company of the year

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    Or continue below with this review

    About Money Metals Exchange

    Money Metals Review

    Money Metals is a bullion dealer that allows consumers to sell and buy precious metals. A client can facilitate a purchase using cash or different payment methods such as checks, wire transfers, debit/credit cards, and electronic funds transfers.

    The firm has a huge selection of precious metals, and they’re available at competitive prices. If you’re looking for the lowest premiums in the precious metals industry for rounds, bars, and coins, Money Metals is your preferred vendor.

    Besides trading bullion products for clients throughout the U.S., Money Metals also has an online retail division- MoneyMetals.com. The main focus is on ensuring investors have access to bullion products directly at one of the lowest prices in the market. The firm will factor in the current prices in the market.

    Before we get into details about Money Metals, we understand that choosing a firm you can trust with your money is hard. As a result, we’ll ensure the review below is informative.

    By providing useful information, we’ll ensure you have enough knowledge about Money Metals, and you can make an informed decision when you engage in purchasing and selling precious metals.

    Products Offered by Money Metals

    Money Metals Review

    Money Metals has a huge collection of metals, and they include:

    • Gold
    • Silver
    • Copper
    • Platinum
    • Rhodium
    • Palladium

    The Money Metals Buying Process

    Money Metals has an online retail platform that ensures the buying process is easy, fast, and secure. The online platform allows you to view all the products sold anytime.

    After choosing an item you’re interested in purchasing, you’ll click on the “Add to Cart” button. Money Metals allows you to purchase one product at a go; however, if you want to acquire more than one product, you need to repeat this step.

    There is no need to create an account unless you want to track your purchases or set up a new subscription, and you’ll be entitled to special discounts and free rounds each month. After adding every item you need to the cart, you’ll click the “checkout” button.

    To key in your shipping and billing information, you need to register an account or log in. You can also save your credentials on the Money Metals website. After you place an order, the goods will be delivered within 1-5 business days, depending on where the precious metals are being delivered.

    If there are any issues with the purchase, you can contact Money Metals or send them an email.

    The Selling Process on Money Metals

    Money Metals Review

    You can sell gold, platinum, silver, and Palladium to money metals through the following steps:

    • Contact money metals during business hours. A representative will then give you a buyback price.
    • If the company's quote is satisfactory, you’ll confirm the order and lock the price.
    • Check your email and confirm the purchase order. You will then follow the shipping instructions.
    • You’ll then send the order to Money Metals.
    • Money Metals will verify the shipment based on the weight through independent third-party service providers through the recent prices.
    • The final price will be based on the bid and ask prices for each precious metal during the verification process. The settlement times will be two business days, which may vary depending on the market conditions.

    You should always ensure that the metals satisfy the buyback conditions of Money Metals before you contact the firm.

    Are the Prices of Money Metals Competitive?

    The prices on Money Metals are higher compared to other platforms. However, the buyback prices are excellent, so sellers stand to gain more.

    Is Money Metals Safe?

    Money Metals Review

    Yes, Money Metals is safe and takes clients' privacy seriously. They cannot disclose information about user accounts, including email addresses or names.

    The company also doesn’t share or sell consumer lists. The Money Metals website also uses Secure Socket Layer (SSL) technology to ensure personal information is encrypted, including names, credit card numbers, phone numbers, and addresses.

    Money Metals is also enlisted on the Better Business Bureau, a platform that ensures each transaction is secure and safe.

    Experienced professionals always handle all purchases and follow federal and state laws.

    Do Money Metals Disclose Consumer Information to the Government?

    No, the firm never discloses information voluntarily to the government or law enforcement agencies. Third parties cannot access your information unless the authorities issue a valid search warrant, and there should be proof of probable cause.

    Additionally, the company won’t provide transaction information that can identify or disclose a purchase or sale made through Money Metals. The company handles everything with discretion, and anonymity is guaranteed.

    Lastly, if there is a federal violation, Money Metals usually reports it to the authorities.

    Minimum Amount of Gold You Can Purchase Through Money Metals

    The minimum amount of gold you can purchase is one gram. However, gold bars are normally sold in troy ounces, which means the dealer’s premiums, transaction fees, and investment budget will determine the amount of gold you can afford.

    Even when you want to invest a large amount of money, there are ways to purchase gold without necessarily going above the threshold since the dealers can break down each order into smaller amounts known as “lots.”

    Does the Platform Accept Returns?

    Yes, Money Metals usually accepts returns initiated within three days after the products were delivered. To initiate a return, contact customer service.

    You should return the product with its original packaging and cater to the shipping costs. If payments are made using a credit card or PayPal, there will be an additional fee. Additionally, you’ll cater to the market losses. It means if the market price has gone down from the amount you had paid initially, Money Metals will refund you a lower amount than you had paid earlier.

    Money Metals also offers you a chance to store your bullion with them for those who want to store their precious metals away from their homes. You can open an account using your phone and have your order shipped to the depository building owned by Money Metals.

    Pros & Cons of Money Metals

    PROS

    • Privacy- the firm doesn’t sell your private information to any individual or company under any circumstances.
    • Convenience- Money Metals ensures that you can acquire silver and gold conveniently.
    • Pre-made portfolios- if you’re a beginner in investing in the precious metals sector, the exchange normally offers pre-packaged multi-gold and silver portfolios.
    • Live pricing- the prices are updated in real-time.

    CONS

    • Limited support- the platform doesn’t offer 24/7 support. The representatives are also only available on weekdays.
    • Transaction fees- an additional four percent fee when they use a credit card to pay. If you use PayPal, you’ll also attract an extra fee.
    • Payment Method Restrictions- depending on the payment method, there is a minimum and maximum cap.

    Final Verdict

    Money Metals has a considerably huge collection of precious metals for its clientele. Additionally, there are pre-made portfolios, and they’re suitable for newbies. The firm also offers direct storage options to clients.

    The only issue is that there are limitations regarding payment methods and processing costs; thus, the checkout process is derailed. During the weekends, customer support is also unavailable. You can go ahead and check the investment opportunities that are available in a bid to expand your investment portfolio to precious metals.

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