It’s always a bright idea to diversify your investment portfolio, and one option that’s been popular for centuries is investing in precious metals.
Whether you’re a professional trader or new to all this, buying gold, silver, platinum, or palladium might initially seem difficult. That’s where Money Metals Exchange comes in.
In this Money Metals Exchange review, we’ll dive into the ins and outs of Money Metals Exchange, a well-known online dealer of precious metals, to see if it’s worth your time and investment.
We’ll discuss their product selection, pricing, shipping, and more, so you can decide if Money Metals Exchange is the right fit for you.
What is the Money Metals Exchange?
Money Metals Exchange is an online bullion dealer that makes it easy for people like you to get your hands on a whole range of precious metals like gold, silver, copper, and platinum.
Now, they don’t just sell any old coins. They’ve got really popular ones, like gold, silver, American Eagles, and even copper coins. They’ve got all sorts of stuff, from bars and rounds to coins, depending on the type of metal you’re after.
One of the reasons investors use the Money Metals Exchange is because of their premiums. They offer some of the lowest prices you’ll find in the United States. They also have “Starter Packs,” building blocks, bullets, and even jewelry.
You might think there’s no way you can find online services selling precious metals below the spot price, and you’d be right. But the thing is, the average cost of buying from Money Metals Exchange is still way cheaper than a lot of their competitors.
They also have a decent shipping policy where you get 3rd-party insurance and fast delivery.
Features of Money Metals Exchange
Like most services like Augusta Precious Metals, this online bullion dealer offers some decent features that should kindle your interest in the platform. Well, let’s look at some of the key features you can expect from this dealer.
Money Metals Exchange makes it a breeze to buy various precious metals, with every transaction being safe, quick, and fully insured. Setting up an account takes no time, and you’re ready to shop.
Though you can only buy one product at a time, it’s still super convenient. You can choose from various payment options, like e-transfers, cards, wire transfers, checks, or even cryptocurrency at checkout.
If you change your mind after receiving your gold bars or coins, just open a return request within three days to get a refund.
Their buyback program covers gold, silver, platinum, and palladium. Just call their customer service number to negotiate prices.
After agreeing on a price, provide your email address to receive a purchase order and shipping instructions. You’ll get paid once everything’s verified and finalized.
Store your metals with Money Metals Exchange, and they’ll be safe in a state-of-the-art, fully insured depository.
Plus, you’ll have quick access to cash loans if needed. Their annual storage fees are reasonable, starting at a flat $96 for holdings up to $15,999.
For holdings between $16,000 and $2,999,999, a percentage of the total applies, while for holdings above $3,000,000, you’ll need to call for pricing.
You can borrow against the gold and silver you own through Money Metals Exchange’s loan program.
Enjoy low-interest rates and a 75% advance rate against your collateral value. The process is quick, and your collateral will be safely stored and insured.
5. Monthly Payment Program
Money Metals Exchange offers a monthly payment program for those who can’t afford a complete purchase. This way, you can make monthly payments towards gold, silver, platinum, or palladium products.
Once your payments are completed, you can have the metals shipped to your home or stored at the depository. Plans start at just $100 per month, but the exact investment amount and purchase size are up to you.
Money Metals Exchange Shipping
If you’ve decided what you want to buy, the next step will be how you intend to pay for it. How you pay can impact how fast your metal gets to you, so let’s break down the options. Remember that there might be limits on how much you can spend with each method.
1. If you’re using a debit card, your payment should go through within 1-2 days. Just remember, you can only spend up to $575 per transaction.
2. For PayPal, you can also spend up to $575 through their online shop. It’ll take around 1-2 days for your payment to process.
3. A personal check; there’s no minimum purchase amount (but small purchases might mean extra shipping fees). You can pay up to $25,000, which will take 7–10 days to clear.
4. For an ACH transfer, the limit is $575 per transaction. To dodge those pesky shipping fees, ensure your purchase is over $500. This method will also take 7–10 days to clear.
5. For a wire transfer, you’ll need to spend at least $3,000 (with a $50,000 cap). This one’s quick; it’ll clear in 1-2 business days.
6. In a money order, you can spend up to $25,000, and your payment will take 7–10 days to process.
7. With cryptocurrency, you can go big with purchases up to $200,000! Plus, it’s super fast, as payments clear in only 1-2 days.
Pros of Money Metals Exchange
- Offers a range of services
- Wide selection of products
- Complimentary shipping for orders over $500
- Quick delivery and safe packaging
- Multiple customer support options
- Various payment methods accepted
Cons of Money Metals Exchange
- No round-the-clock phone support
- Possible transaction fees based on the chosen payment method
Is the Money Metals Exchange worth it?
This platform offers a wide variety of precious metals, secure storage options, low-interest loans, and a wealth of resources to help you make informed decisions.
Money Metals Exchange has earned a stellar reputation in the industry, including being named the Best Precious Metals Dealer in the USA by Investopedia. Your personal information is safe with this Better Business Bureau-accredited business. They use top-of-the-line encryption technology and will never sell or share your data.
Ready to start your journey with Money Metals Exchange? Click here to see what this platform can do for you and your financial goals.