Orion Metal Exchange Reviews: The Truth About This Company
When purchasing precious metals, it is essential to make deals with a reputable and legitimate dealer.
However, finding out which ones are legit can be pretty challenging. That is why people write reviews about them.
In this Orion Metal Exchange Review, you will learn about the company. This includes what it does, its history, and other important information.
Last of all, you will know if it is a scam or not. We can get started now without any more waiting.
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What is Orion Metal Exchange?
Orion Metal Exchange is a company that buys and sells precious metals. It was founded in 2017 by Jacob Blalock.
Although the company is new, it claims to have over 50 years of experience in the precious metals industry.
Orion Metal Exchange is certified by the Professional Coin Grading Service.
Furthermore, it meets the rules and regulations made by the Industry Council for Tangible Assets (ICTA) and the Numismatic Guaranty Corporation (NGC).
Orion Metal Exchange Products and Services
At Orion Metal Exchange (OME), you can buy precious metals like gold, silver, platinum, and palladium. They come in the form of coins or bullion bars.
Just like Birch Gold Group, the company also offers numismatic coins. Its clients have storage services, such as home storage, secure vault, and IRA. Just like Bitcoin IRA, you can safely keep your investments and help you monitor your progress.
Orion Metal Exchange Fees and Costs
A representative from the Orion Metal Exchange spoke about the company’s fees.
The annual storage fee for metals ranges from $75 to $100. This price is very competitive compared to other storage fees in the industry. Plus, insurance is included in this price.
You need to invest at least $5000 in an IRA, but it’s recommended that you invest more, like $30000. That will give you access to better promotional offers from the company.
The company has websites that show the prices of their precious metals. They also have pricing charts which can be helpful to investors and clients. These are some of the benefits of self-directed IRA.
How to get started?
Unfortunately, you can’t conduct business with the Orion Metal Exchange website. You need to contact them to get started.
Then a representative can help you with any concerns and business you want. There are two ways to set up a precious metal IRAs account.
If you have a precious metals IRA account, they will help you with the process of transferring the money to your new account.
If you don’t want to open an account at Orion Metal Exchange, you can choose another company.
You can store precious metals in a tax-deferred account by having an IRA account with the company. Representatives can help you choose which metals to store.
Orion Metal Exchange Pros and Cons
Is Orion Metal Exchange a scam?
Let’s close out the Orion Metal Exchange Review by addressing this frequently asked question.
Orion Metal Exchange is a legitimate company and has a good reputation, even though it is newer than other companies.
However, there are some things to consider that Orion precious Metals Exchange does not meet. For example, it has a B+ rating and is not BBB accredited.
Orion Metal Exchange Reviews
Do you want to buy precious metals? Are you thinking about opening a Gold individual retirement account?
You might want to check out Orion Metal Exchange. They are a company that helps people invest in precious metals like gold, platinum, palladium, and silver coins and bars. They have been rated as the top-rated full-service company by Retired life Residing in 2020.
The company also provides Individual Retirement Accounts (IRA) for silver and gold investments. According to Orion Metal Exchange CEO Jacob Blalock, the company’s recognition by Retired life Living is both an honor and a sign of a successful, coordinated effort.
The company has a five-star rating on the website Trust Pilot. In addition, Consumer Affairs recognized Orion Steel Exchange as a Leading Gold Individual Retirement Account Valuable Metals Company in 2017 and 2018. The firm has over 50 years of experience in the market. It focuses on helping investors find the best choice for precious metals investments.
If you want to invest some money but don’t want to take many risks, Orion Metal Exchange can help you. They don’t charge set-up fees or transfer fees for individual retirement accounts. They also offer storage space for rare earth elements for three years.
This Orion Metal Exchange review tells us what this company offers. You can see if what they provide is what you need.
Orion Metal Exchange is a full-service precious metals firm rated the Top Gold IRA Precious Metals Business of 2017 and 2018 by Consumer Matters.
Orion Steel Exchange’s online system is a safe and easy way to trade Gold, platinum, palladium, and silver coins and bars. Consumers can also enroll in a silver or Gold IRA. It has been around for longer than most other gold individual retirement account companies. It has over five decades of experience in the precious metal industry.
Unlike its rivals, Orion Steel Exchange does not charge any arrangement or IRA transfer fees.
Orion Metal Exchange Company History and Background
Jacob Blalock started Orion Steel Exchange in 2017. It is a relatively new company, but it has been successful. The company has its head office in Los Angeles, California. It says it has more than 50 years of experience in the precious metals market.
The company has gotten many good reviews from happy investors. It is one of the top precious metals dealers in the United States. This company can meet the needs of a wide range of investors, including those who want:
- Sales
- Liquidation
- Education
- Accredited IRA account set-up
- Secure precious metals storage
The company uses a selection of precious metals and IRAs for U.S. citizens and capitalists living in other countries. For each investor, the company appoints an account representative who will work closely with you, guiding you through every step of the investment process.
Your account representative can answer any questions and help you choose the best precious metals to include in your portfolio. They will also stay connected, providing you with updated information about market conditions and other events that could impact your investments.
People choose Orion Metal Exchange because it offers more flexibility than other rare-earth element and retirement account firms in the United States. The firm even allows you to switch your IRA into a Gold IRA or rare-earth element investment.
Orion is authenticated by the Specialist Coin Grading Solution (PCGS). It also follows the regulations and policies set by the Sector Council for Concrete Assets (ICTA) and the Numismatic Guaranty Firm (NGC).
It is good to look into businesses that can help you invest in precious metals. They will advise you on what products to invest in and ensure that their grading and value are correct.
Orion Metal Exchange Products & Services Offerings
Orion Metal Exchange is a company that knows a lot about investing in Gold, silver, and rare-earth elements. They sell primarily gold, silver, platinum, and palladium. They have a website where you can find information about the current prices for different coins and rare-earth elements.
Orion provides three storage choices for rare-earth elements:
- House storage.
- Safe and secure vault storage.
- The option to put the steel in an Individual Retirement Account.
If you want help choosing IRS-approved gold coins for an IRA, please read our overview of gold individual retirement accounts.
Home Storage
If you want to keep your Gold, silver, or other precious metals in your house, Orion Steel Exchange can help you choose the best type of safe to protect them.
Protect Safe
A depository safe is an excellent way to store your rare-earth elements. It is a trustworthy place where you can keep them safe. Orion Metal Exchange can help you find a safe place to store them, like a Brink’s, that will offer both security and protection.
IRA
Choose to invest your precious metals in an individual retirement account. Orion Steel Exchange can help you set up a Priceless Metals IRA account. They can also help you finish a rollover from an existing IRA.
What is a Gold IRA?
A Gold Individual Retirement Account is an Individual Retirement Account where you can hold physical gold coins or bars. This is different from other types of Individual retirement accounts, which might invest in things like bonds or supplies. Gold IRAs have all the tax-deferment advantages of regular Individual retirement accounts.
You can use other rare-earth elements in an IRA, such as platinum, palladium, and silver. Precious metals used in IRAs need to be saved.
The IRS requires people who own Gold IRAs to entrust a custodian, such as a brokerage firm or bank, to handle their physical Gold.
Gold IRA custodians have to follow strict IRS rules about protecting your property, keeping track of your account, and making sure you’re covered. Orion Steel Exchange is one of the leading Gold IRA custodians in the United States.
How Orion Metal Exchange Gold IRA Works
In a tax-deferred account, Orion Exchange Gold IRA lets you hold precious metals, like bullion bars and Gold, platinum, silver, and palladium coins.
The company will help you set up an individual retirement account. You can fund the Gold individual retirement account with money or an existing retirement account rollover. The company also offers a variety of IRS-approved gold options, including popular items such as Silver Eagles and American Gold.
Orion’s Gold’s retirement account is taxed the same way as other Individual retirement accounts. That means your IRA payments can be deducted from your government earnings taxes.
You cannot withdraw funds from your account until you reach the age of 59 and a half. If you do, you’ll have to pay taxes on the withdrawal, and you’ll also have to pay a 10% penalty for withdrawing the money early.
When you turn 70 1/2 years old, you have to start making withdrawals from your account. The money will be taxed, just like if you took the money out of a traditional IRA.
If you have a Roth Gold Individual Retirement Account, your withdrawals are tax-free. That’s because you already paid taxes on your contributions. You don’t have to start making withdrawals at age 70 1/2 either.
Orion Metal Exchange Pricing Info
Many financiers like to work with Orion Metal Exchange because it has affordable rates. The firm charges yearly storage space fees of $75 and $100, depending on where it stores your precious metals.
The storage space fee includes insurance. If you want to buy less than $5,000 worth of precious metals, you can, but it’s a good idea to invest at least $30,000 to take advantage of advertising deals.
For example, if you spend $30,000, Orion Steel Exchange offers you one-year storage and insurance coverage at no additional expense. There is no yearly arrangement charge.
Orion Metal Exchange Storage Options
The company offers three ways to store your precious metals – home storage, secure vault storage, and IRA.
Home Storage
If you want to keep your precious metals at home, Orion Metal Exchange can help you choose the best safe to store your assets.
Secure Vault (Depository) Storage
A depository vault is the best place to store your precious metals. If you’re not comfortable keeping your assets at home, a vault storage option can ensure their security.
Individual Retirement Account (IRA)
If you choose to invest your Gold, silver, or other precious metals in an IRA account, Orion Metal Exchange can help you set it up. They can also help you complete a rollover from an existing IRA account.
Orion Shipping Precious Metals
If you want to buy gold, platinum, silver, or other precious metals, Orion Exchange can help you. They will ship your metals quickly and securely.
The company plans each delivery of rare-earth elements to arrive safely and quickly.
For more information about precious metals, click here.
Final Thoughts
Suppose you’re looking for a company to help you set up a precious metals IRA or invest in Gold, silver, or other rare-earth elements. In that case, Orion Exchange may be the right choice for you. The company offers a variety of options, including the ability to buy or sell and a Gold IRA account to help clients grow their portfolios.
Orion Metals Exchange is a versatile precious metals dealer. It offers the alternative to purchase or market. It has an individual retirement account gold account to help consumers diversify their profiles. The minimum costs are economical, and the real-time market updates help investors remain informed of the performance of their investments.
Frequently Asked Questions about Orion Metal Exchange Reviews
Orion Metal Exchange has 50 years of solid experience helping customers find their best options for storage and delivery in the precious metals industry.
Gold IRA refers to a special kind of IRA that allows people to hold gold as a qualified precious metal investment for their retirement. People with Gold IRAs can hold physical gold, such as bullion or coins, as well as specific metals-related securities in their portfolios. You have to look for the best gold investment company to ensure you are getting the most of what you paid for.
A gold IRA or precious metals IRA is a retirement account that holds physical gold or other approved precious metals. This works just like a regular retirement account, but it has physical bullion coins or bars instead of paper assets. You can perform gold IRA rollovers to withdraw funds from your investment.
The four metals stored in an individual retirement account are gold coins, silver, platinum, and palladium coins. These metals must be kept as approved coins or bars by the IRS.
