Is Orion Metal Exchange a reputable business? Is it legit or a scam? What are their offerings? Read this thorough review of Orion Metal Exchange to learn everything you need to know about them.
What Is Orion Metal Exchange?
Orion Metal Exchange is a precious metals dealer based in Los Angeles, California, whose mission is to assist customers with gold and silver investments. They will also provide you with market updates via price charts, precious metals news, and other economic events that may affect your investments. Through their internal IRA department, Orion Metal Exchange assists clients in opening precious metals IRAs swiftly and easily.
Orion Metal Exchange Review Summary
Location:
Los Angeles, California
Address:
Los Angeles, CA 90025-1000
Year Founded:
2017
Management:
Jacob Blalock (CEO)
Website:
www.orionmetalexchange.com/
Rating:
[usr 4]
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Orion Metal Exchange Products & Services
In addition to collectible coins, Orion Metal Exchange specializes in gold, silver, platinum, and palladium bullion coins and bars. Listed below are some examples of products featured in their catalog.
- Gold American Eagle
- Gold Canadian Maple Leaf
- Gold Great Britain Queens Beast
- Gold Rose Crown Guinea
- IRA–approved gold bars from various mints
- Silver American Eagle
- Silver Canadian Eagle
- Silver bars
- Platinum American Eagle
- Platinum Canadian Maple Leaf
Orion Metal Exchange Gold IRA
Precious metals have been considered the ideal wealth protection assets over the years, as their prices tend to outperform stocks, bonds, and other traditional investments during economic turmoil. A precious metals IRA enables you to hold gold, silver, palladium, or platinum bullion approved by the IRS. In essence, a precious metals IRA allows you to diversify your portfolio and avoid economic downturns through its investment flexibility. Orion Metal Exchange has an internal IRA department and highly experienced account representatives to guide you through the gold or silver IRA setup process.
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Orion Metal Exchange Custodian & Storage
According to information on Orion Metal Exchange’s website, the company appears to serve as both a Precious Metals Company and an IRA account custodian. Professional account executives will assist you in opening, establishing, and managing your IRA.
Regarding storage, Orion Metal Exchange does not offer a facility. Instead, they suggest a variety of safe and trustworthy storage facilities in the United States and abroad.
Orion Metal Exchange Pricing & Fees
Orion Metal Exchange Management Team
Although Orion Metal Exchange is secretive about its management team, we were able to discover that their co-founder and current CEO is Jacob Blalock via LinkedIn. Jacob is a seasoned executive who founded numerous other precious metals firms, including Patriot Gold Group. In addition, he is a senior account representative at Lear Capital.
Pros of Orion Metal Exchange
- Fast and insured shipping
- No IRA setup or transfer fees
- Excellent reviews and ratings online
- Highly experienced account representatives to help you with IRA account setup
- A wide variety of tangible investment assets including gold, silver, platinum, and palladium
- Offers highly competitive pricing
- Free client education is offered through live pricing charts, precious metals news, and a free Gold & Silver investment guide.
Cons of Orion Metal Exchange
- Does not have an e-commerce site, therefore you can’t order online
- Does not provide own storage
Orion Metal Exchange Reviews, Complaints & Ratings
In general, Orion Metal Exchange has outstanding customer reviews and ratings on the vast majority of online review sites. For instance, the BBB has awarded them a perfect score of 5 stars based on 52 consumer reviews and zero complaints. Trustpilot awards Orion Metal Exchange 4.9 out of 5 stars based on 176 customer reviews and complaints, whereas Yelp awards 5 out of 5 stars based on a solitary review. On the BCA and Trustlink, Orion Metal Exchange has no reviews, ratings, or complaints.
- BBB: [5/5] (view details)
- Trustpilot: [4.9/5] (view details)
- Yelp: [5/5]
- BCA: N/A
- Trustlink: 0 reviews (view details)
Is Orion Metal Exchange Legit or Scam?
Orion Metal Exchange is not a scam. It’s a legit company with highly experienced employees.
Orion Metal Exchange FAQ
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Can I Store My IRA Metals at Home?
Due to safety concerns, the IRS does not permit the storage of precious metals at home. You should safeguard your precious metals in a depository or bank approved by the IRS.
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What Purity Standard Does IRS Require for IRA Precious Metals?
For IRA metals, the IRS requires a purity standard of.995
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What is the Difference Between a Precious Metals IRA and a Traditional IRA?
You can invest in precious metals such as gold, silver, platinum, and palladium with a precious metals IRA. You can only invest in stocks, bonds, and other traditional investments with a traditional IRA.
Orion Metal Exchange Alternatives
Conclusion
Orion Metal Exchange is a gold, silver, palladium, and platinum dealer based in Los Angeles, California. They’ve been in operation since 2017 and offer a vast selection of IRA-eligible coins and bars. In addition, they provide quick shipping, competitive prices, IRA establishment, and more. This company’s dearth of an e-commerce platform for online ordering is a significant shortcoming. Additionally, they do not offer a storage facility.