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7k Metals Review

As part of the 7k Metals Review, we intend to give Bear Lake Golds opinions of this company, its’ services, the costs of these services, what may make them unique and the pro and cons of using them for your gold or precious metals purchases. Company name  did not make our top gold dealer or top three gold IRA companies when we reviewed them. if you would prefer to see our top three companies or request further information on them see below.

 

7k Metals Review

Seven K Metals

As part of the 7k Metals Review, we intend to give Bear Lake Golds opinions of this company, its’ services, the costs of these services, what may make them unique and the pro and cons of using them for your gold or precious metals purchases. Company name  did not make our top gold dealer or top three gold IRA companies when we reviewed them. if you would prefer to see our top three companies or request further information on them see below.

7k Metals is at a high-level a company that offers gold and other precious metals for investment purchases. The company stands out from its competitors because they operate as a Multi-level Marketing (MLM) company.

As the world sees high inflation, many people flock to precious metals as a safe haven for their savings. If you are one of those many people, this review will help you to take into consideration certain factors when buying gold, silver, and other precious metals.

 

Introduction to 7k Metals

7k Metals is an MLM or a multi-level marketing company founded in 2016 by entrepreneurs Roger Ball, Richard Hansen, Zach Davis, and Josh Anderson. Based in Idaho,

A multi-level marketing (MLM) program is a business model that allows companies to sell products or services through a network of independent contractors, or "distributors." These distributors are typically compensated not only for the sales they generate, but also for the sales of the other distributors they recruit into the program.

When you first purchase any precious metals through 7k metals you can join their MLM program and recruit additional purchaser in your network and you will earn commission on any purchase they make or any sales they make to people they recruit.

The MLM model has been criticized by some for being a pyramid scheme, and while it is true that MLM programs often incentivize participants to recruit new members into the program, not all MLM programs are pyramid schemes. Some legitimate MLM programs have been very successful, and have helped to launch the careers of many successful entrepreneurs.

7k Metals sells a variety of precious metal products, including gold, silver, and platinum.

The company offers its members the opportunity to buy products at discounted prices, as well as purchasing storage and shipping services for the metals you may buy from them. The purchase ship or store options makes investing in precious metals through 7k Metals group quick and easy.

7k Metals aims to increase financial security among Americans worldwide by allowing them to recruit and expand their network. They then allow members to sell their products at competitive rates. All these while providing peace of mind knowing they are protected no matter what happens.

 

Services & Products Offered By 7k Metals

7k Metals sells precious metal products like gold, silver, and platinum. It ranges from coins, bars, and jewelries which can be bought per piece or by weight.

The company also offers storage and shipping options for metals, making it a convenient option for investors.

Here is the list of products 7k Metals offers to its members and investors:

  • Gold coins and bars
  • Gold jewelry
  • Silver coins and bars
  • Silver jewelry
  • Platinum coins
  • Plastic Slab Holder Box
  • 7k merch

In order to provide an easy browsing and shopping experience, 7k Metals divides its products into 4 categories:

  1. 7k Selected. The 7k team has put together a collection of products specifically for those who want to invest in items with an expected return later. The goal is not just about making money but also preserving capital and ensuring stability through investment opportunities.
  2. Dealer Direct. Anyone who purchases a membership will get discounted prices, discounted costs for purchasing items in bulk, and many discounts for purchases in precious metals.
  3. Jewelry.  The company presents an assortment of jewelry made from silver and gold, and its prices vary according to the product. It is normally competitive compared to the pricing of similar jewelry offered by jewelry stores.
  4. 7k Gear. From jewelry to clothing, you'll find a range of non-metal products like clothing items and accessories like sweaters, t-shirts, and backpacks.
pros and cons of 7k metals

How Does 7k Metals Work?

7k Metals memberships are a great way to get discounted prices on products. Memberships come in 2 different levels: basic membership and premium membership.

Basic Membership

As a basic member, you get discounted prices on products, purchasing items in bulk, and purchases of precious metals. The basic membership costs an annual fee of $250. You also have the opportunity to become a 7k dealer and earn commissions on sales generated by your recruits.

Premium Membership

The premium membership fee costs an annual fee of $450. Each membership also comes with a substantial number of classes on recruitment and team reinforcement.

As a premium member, you get all the benefits of the regular membership, plus additional benefits like:

●     1-year Business Builder credit: this includes tools that can be used to track your team and build your network.

●     Medallion

●     World coin

●     Silver coin

●     Silver eagle coin

Travel Savings Card

In order to become an official member, clients also need to purchase a Travel Savings Card. Clients are given a card that gives them travel perks, from getting discounts to finding the best travel deals.

Prices of travel cards vary depending on the membership package your applied for. Basic members need to pay $250, whereas premium members need to pay $500. Travelcard fees need to be paid on top of their initial membership fees.

However, even if you avail for memberships, there is no assurance that if you sell precious metals, you will have the ability to turn your invested money into profit. Once you decide to invest with 7K Metals, you still need to put extra effort for your money to grow and gain profit.

How do the memberships work

Becoming a 7k Metals member is exclusive for American residents. If you are an American resident, signing up and creating an account is easy. You can sign up for a membership on the 7k Metals website. Once you've completed the sign-up process, you will be able to log in and start shopping for products at discounted prices.

As a 7K Metals member, your first step is to decide on a starter pack. Starter packs offer a choice of three different options, all of which have slightly different pricing. Try opting for options that are consistent with your long-term objectives and your current finances.

Once you've selected the starter kit, you will be offered monthly deliveries of your assets. You may choose to either purchase silver or gold. You need to use an AutoSaver coin. This feature supplies automated monthly transactions, which makes the entire process simpler. You don't need to constantly remind yourself of your purchases or examine the marketplace.

If you are comfortable with the price of precious metals, you have the option of preserving them or selling them at a higher price.

Is getting a premium membership worthwhile

Although the membership perks are very enticing, you can receive the same discounts from other precious metals dealers. You can get them without paying any membership fees.

This is not the best choice for those who wish to open a small business. It is also not a good option for foreigners or Americans who live outside the US. Those who wish to open their own 7K Metals account need to be American residents and have an American address.

What makes 7K Metals Unique

7k Metals is unique because it offers memberships that allows their members to become a 7k dealer and earn commissions on sales generated by their recruits.

7K Metals uses a simple binary framework to reward active members. You can earn revenue in several ways with 7k metals. It includes

1.    Become a member and buy a travel savings package.

The price of the membership will give you access to different benefits like discounts on products, and services, as well as training classes on how to be successful in marketing the company's products. You will also be able to take part in the company's marketing programs to earn a commission on every product that you sell.

2.    Recruit other people to become members.

As a member, you will be given a special link that you can use to invite other people to join 7k Metals. When they sign up using your link, they will be placed in your downline and you will earn commission on their membership fees as well as any products that they purchase. The more people you recruit, the more money you can make.

3.    Sell products directly to customers.

7k Metals offers a wide range of products that you can sell including jewelry, coins, and bars. You will earn a commission on every product that you sell.

4.    Become a 7k dealer.

As a dealer, you will be able to purchase products at wholesale prices and then resell them at retail prices. You will also be able to earn commissions on the sales of products that you generate.

Multi-level Marketing

As mentioned earlier, 7K Metals is an MLM company. This means that as new recruits become members and purchase paid memberships, you earn points and earn money. This creates a downline of distributors below them, as well as an upper-level of distributors above them.

The benefits of MLM are that it allows members to make money by recruiting other members, and it allows members to earn commissions on the sales of products to other members.

However, the risks of MLM are that it is often difficult to make money, it is easy to lose money, and it is often difficult to sell products to other members.

 

How Do Customer Review Sites Rate 7k Metals?

BB Review and Customer Testimonials

A+

BB currently has 52 ratings for this company scoring 4.5 out of 5 , the company has only had one compliant registered with BBB in the last 12 year and this was registered within the last three years.

Business Consumer Alllience Review

No Current Rating

No Current Rating

Google review

3.8 score out of 5

ON Google there are currently 38 reviews of these a quarter are one star reviews

Facebook Reviews

5 Stars out of 5

This was a very small sample of reviews as we could only find 4 verified reviews

Trustpilot Reviews

3.8 Stars out of 5

Again this was a tiny sample as there are only 2 reviews of 7k metals on Trustpilot currently

7k Metals Pros And Cons

Pros
7k Metals offers discounted prices on products, and commissions on sales to its members.
Members can make money by recruiting other members.
7k Metals has a simple binary compensation plan that is easy to understand
Cons
With the type of mlm scheme operated it is often difficult to make money
The way to make money is recruiting other members and this can be dificult
The membership fees are quite high
Buybacks are not guaranteed, even though they’re never denied
If you are investing for your retirement you would be better off looking for a dealer who offers a precious metals IRA plan

How to Get Started With 7k Metals

Unless you are attracted by getting involved in a multi level marketing scheme we suggest that you do not get involved with this company.  There are better alternatives like the ones we have listed below for outright coin and bullion purchases and there are certainly better companies if you are looking to open a gold or precious metals IRA. 

Our Recommended Alternatives To 7k Metals

Goldco best ira company review

Read full Goldco Review

Goldco is an established precious metals company with over a decade of experience. The company has received many awards and reviews establishing its reliability and trust in the industry.

They have received these awards and recognitions over the years:

  • 5 Time INC500 Winner
  • Company of the Year (2021)
  • A+ rating in BBB
  • 1,000+ 5 star reviews
  • AAA ratings from BCA

Augusta Precious Metals is an outstanding source for IRAs for people who are looking for complete transparency, convenience, and elaborate materials.

The company offers the following products:

  • Gold bullion
  • Silver Bullion
  • Premium Gold
  • Premium Silver
  • IRA Eligible coins

Augusta Precious Metals has thousands of customers, including Joe Montana. Furthermore, they offer free web conferences with Harvard-trained educators to help you get started in investing or learning more about precious metals trading.

 

American Hartford Gold is a company that is based in Los Angeles, CA. It is a family-owned and operated firm. They help families and individuals to invest in the precious metals industry.

The company values the relationship that their clients create with the company, so they provide a BuyBack Commitment.

American Hartford Gold sells the following products:

  • Gold coins
  • Silver coins
  • Gold IRA
  • Silver IRA

Conclusion 7k Metals Review

7K Metals stands out from the competition because of its MLM marketing strategy. Getting a membership with the company is great if you want to make extra money as a pseudo precious metals dealer .

Although 7k Metals provides a valuable service to the precious metals market, there are several red flags that you need to avoid. Many other dealers have a better reputation and will provide you with the best customer service possible.

We hope this article has helped you make an informed decision about your gold IRA investment. Do your research and choose wisely – your retirement savings depend on it!

 

 

 

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