Thinking about setting up a Wholesale Direct Metals Gold IRA? This comprehensive review will address all your concerns about this company. Here, we look at customer reviews, complaints and ratings to determine whether they are reliable or not.
Table of Contents
- 1 What Is Wholesale Direct Metals?
- 2 Company Info
- 3 Wholesale Direct Metals Products?
- 4 Wholesale Direct Metals Fees
- 5 Advantages of Choosing Wholesale Direct Metals
- 6 High Ratings
- 7 High quality products
- 8 Positive Reviews
- 9 Experienced Managers
- 10 Great Support
- 11 Flat-Rate Fees
- 12 Disadvantages of Choosing Wholesale Direct Metals
- 13 Basic Catalog
- 14 Not a Custodian
- 15 Limited Selection of Products
- 16 Is There a Better Alternative to Wholesale Direct Metals?
- 17 Wholesale Direct Metals Customer Reviews
- 18 Do we Recommend Wholesale Direct Metals For Your Precious Metals IRA?
- 19 Frequently Asked Questions
- 20 Is Wholesale Direct Metals a Scam?
- 21 Conclusion
What Is Wholesale Direct Metals?
Wholesale Direct Metals is a precious metals company based in Pacific Palisades, California. Founded in 2006, the company is one of the oldest precious metals companies in the United States. Thanks to the painstaking effort of their knowledgeable CEO, Damon Geller, Wholesale Direct Metals has managed to offer high quality products and services to its customers for almost two decades.
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Location: Pacific Palisades, CA
Address: 881 Alma Real Drive, #305
Pacific Palisades, CA 90272
Management: Damon Geller, CEO
Phone No: (866) 873-1445
Products: South African Gold Krugerrand, American Gold Eagle, Canadian Gold Maple Leaf, American Silver Eagle, Silver Proof Eagle, Gold Proof Set, Gold Proof Eagle and much more.
Wholesale Direct Metals Products?
WDM offers a wide range of precious metals including the Gold Proof Eagle, Silver Proof Eagle, Gold Proof Set, American Gold Eagle and many other US-minted bullion coins. Their customer support is reliable and can be contacted via call, email or mail.
Wholesale Direct Metals Fees
Wholesale Direct Metals charges a flat rate fee of $37 for shipping and insurance. However, we couldn’t find information on storage and administrative charges. Wholesale Direct Metals partners with Sterling Trust Company (recently renamed Equity Institutional) to offer precious metals IRA services.
Advantages of Choosing Wholesale Direct Metals
The company has impressively high ratings on BBB, BCA and Trustlink. Bearing in mind that these are the best and most trusted review platforms on the internet, a top rating by any of them means the company is offering great products and services.
High quality products
Wholesale Direct Metals offers top-quality bullion coins for investment, most of which meet the IRS requirements.
They have fewer customer complaints and numerous positive reviews which is an indication of great services and customer satisfaction. However, the few complaints also show that the company has its dark side.
The company boasts some of the most experienced managers in the precious metals industry led by its CEO Damon Geller. Damon himself is a precious metals expert and has authored several books about precious metals investing.
They offer several channels to reach their customer support. You can call or email their support at any time and have your concerns addressed.
They offer flat rate fees for storage and administration as opposed to some companies that offer expensive sliding scale fees.
Disadvantages of Choosing Wholesale Direct Metals
Unlike other companies who offer detailed catalogs, Wholesale Direct have a basic catalog with scanty information. In our view, this is a disadvantage for investors looking to make informed decisions by comparing product prices and other crucial aspects before making a purchase.
Not a Custodian
Wholesale Direct Metals is not a real precious metals IRA custodian as it partners with third parties to store your metals.
Limited Selection of Products
Compared to our top-rated companies, Wholesale Direct Metals lacks in the selection of bullion coins and bars.
Is There a Better Alternative to Wholesale Direct Metals?
Yes, there is a better alternative, with awesome ratings, great customer support and lower fees, and that’s Goldco Direct, our #1 rated Gold IRA company in 2022. Click here to read our review of Goldco Direct.
Wholesale Direct Metals Customer Reviews
Wholesale Direct Metals has the highest rating of A+ on the Better Business Bureau (based on zero reviews!), an AAA rating on Business Consumer Alliance, a 4.9 star rating on Trustlink (based on 20 customer reviews) and a 3.8 star rating on Trustpilot . shockingly, the company has zero reviews on trusted platforms such as the Ripoff Report, Google+ and Yelp.
Do we Recommend Wholesale Direct Metals For Your Precious Metals IRA?
Wholesale Direct is a great company, but we believe that it is not among the best companies that we’ve reviewed on this website, mainly due to the cons we discussed above. Our best-rated precious metals IRA Company in 2022 is Goldco Direct. Click here to learn more about Goldco Direct.
Frequently Asked Questions
Is Wholesale Direct Metals a Scam?
No, they are not a scam but a legit company that has been in business for over a decade.
Wholesale Direct Metals is one of the numerous precious metals companies that we’ve reviewed on this platform. The company boasts many years of expertise as well as expert managers, hence it’s considered one of the best precious metals companies in the United States.
However, the company lacks in the selection of metals and website design, which we believe presents a challenge to investors looking for detailed information on precious metals. Besides, the company does not offer storage options. They partner with third parties to store your investment assets which is a little risky.