Money Metals Exchange is a national precious metals dealer with a focus on educating investors. They sell bullion coins, bars and rounds and operate a UL class 3 depository in Eagle, Idaho.
Customers can make monthly payments to purchase metals and have them shipped to their homes or stored in the depository. There are also buyback and loan options available.
Buying and Selling Precious Metals
Money Metals Exchange offers a large selection of precious metals. Their gold bullion products include coins and bars. The company also sells silver coins and rounds, as well as copper and platinum products. They even offer premade precious metals portfolios for people new to investing in bullion.
Gold is the most well-known precious metal, and investors seek it as a store of value in times of economic or political turmoil. It has been used for centuries as a means to keep wealth, and it can be a hedge against inflation.
Silver is also an investable precious metal that can be used for jewelry or in electronics production. It is durable and malleable, making it easy to shape into different forms. Palladium has fewer industrial uses than the other three metals, but it is highly sought after for its ability to resist corrosion and its low melting point. The company sells palladium in both bars and coins.
Storage Options
Money Metals Exchange offers a variety of storage options to protect customers’ investments. Their depository is located in Eagle, Idaho. It has UL Class 3 vaults and a Lloyd’s of London insurance policy that fully insures all bullion stored there. The company also offers a free home delivery option for local customers.
Customers can buy and sell precious metals in real time on the company’s website. Customers can choose from a wide selection of silver, gold, palladium, and even copper investment products. Many of their products are IRA-approved.
Unlike some depositories that play games with customer’s assets by pooling them together or re-hypothecating them, Money Metals Exchange keeps customers’ metals fully segregated and never uses them as collateral. The company also allows customers to take out loans on their metals at the rate of 75% of the total valuation of their assets, subject to specific limitations and terms. They can also send their metals back to the company at any time.
Loans
Money Metals Exchange offers a number of different options for buying and selling precious metals. They have an easy-to-navigate website and a good customer support department. Their representatives are available by phone, email, or live chat. Their website also displays real-time pricing data and allows customers to customize price alerts.
The company also offers a gold loan program that provides low-interest loans on physical bullion assets. Their interest rates are comparable to those of bank-offered business lines of credit and much lower than pawn shop rates. The company also offers a range of other financial services, including bullion investment kits and premade portfolios for beginner investors.
Founded in 2010 by Stefan Gleason, Money Metals Exchange is one of the most reputable and respected national precious metals dealers in the country. They offer competitive prices when they are buying and fair prices when they are selling. They also provide a safe and secure storage option through their Class 3 depository in Eagle, Idaho.
Customer Service
Money Metals Exchange is a bullion dealer that offers an extensive selection of gold, silver, platinum, and palladium coins and bars. The company also offers a variety of pre-made portfolios for new investors and a depository storage option for those who want to keep their investments physically close by.
In addition to its extensive inventory of precious metals, the company offers competitive pricing. For example, its 1-ounce gold bullion bars are listed at only $62 over the daily spot price. This is far lower than what many American dealers charge for their gold products.
Customers have reported that the website is easy to navigate and that customer service representatives are helpful and friendly. Moreover, the site uses DigiCert-certified SSL encryption to protect confidential information during the checkout process. In addition, it takes the privacy of its clients seriously and does not sell their email addresses to third parties. The company’s storage fees are also surprisingly affordable.