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Our Orion Metal Exchange review seeks to give Bear Lake Gold's expert views on this gold IRA company and its precious metals offerings in the industry. As a committed review organization in the precious metals industry, we will provide you with recent data about the Orion Metal Exchange management team, pricing, and why it differs from others in the industry.
We used our homed Gold IRA dealer review methodology while carrying out this review process. As a vital aspect of all our review processes, we consulted the company’s online and offline clients and employees.
Unfortunately, the information from these consultations was not satisfactory enough to rate the company among our top three gold IRA companies in the industry, however we did rate them in our top 30 precious metal coin dealers.
If you want to know the responses we got from these sources, read until the end of this review.
Because Bear Lake Gold cares about your future and retirement, we have selected the best gold IRA companies through which you can invest your money in preparation for retirement. These companies are Augusta Precious Metals, Goldco, and American Hartford Gold.
We ranked these companies as the first three in the industry because they passed our checklists in our review methodology. If you want to know the features of these top picks and what they offer in the industry, please click the link below to request their full and detailed information packs.
Best Overall Precious Metal Provider
Best Gold IRA Based On Price
Most Reliable IRA Provider
Orion Metals Exchange is a precious metals company in Los Angeles, California. The company was founded in 2017 and sells collectibles and IRA-eligible precious metal coins.
The company helps individuals to set up their precious metal IRA. However, they allow their clients to choose the preferred secured vault where they wish to store their precious metals. It does not offer a partnership with any secure depository to enable easy storage of your gold, silver, platinum, or palladium. Many of the other companies have established partnerships which have the upside of making arranging storage easier. However, the lack of a partnership does allow you the flexibility to choose where you want to store your precious metal deposits.
Orion Metal Exchange aims to ensure that its clients understand the dynamics of the precious metal’s investments niche. The company provides a “Free Investors Kit” to every customer who opens a precious metals IRA or buys precious metals from them. In addition, the company’s website has a news section. Furthermore, its website has a ticker that updates customers and prospects on the various prices of silver, gold, palladium, and platinum at different times.
The company is not fully transparent about its leadership team. However, according to LinkedIn, Jacob Blalock is the company's co-founder and CEO (Chief Executive Officer).
Orion Metal Exchange sells quality precious metal products in the following categories.
The company sells these precious metals only as coins. They do not sell bars. Some of the coin’s customers can buy from the company include the following;
We contacted one of its customer representatives concerning the company's costs and fees. She told us that customers could pay different amounts for storage fees yearly depending on their choice of storage facilities.
Unlike most companies, Orion does not collect a yearly agreement fee from its customers.
Orion can help individuals who want to set up their IRA through each step of the IRA application and establishment process. The company can also help investors with existing IRA or 401k accounts roll over their funds to their precious metal IRA.
For the company's precious metals IRA, they charge customers a $250 one-time setup fee and $175 for storage, management, and insurance fees annually.
The company helps customers select the best types of in-home safes that they can use to secure their precious metals properly. Generally, home safes are for investors that wish to keep their precious metals in their homes. Bear Lake Gold does not recommend home storage for large amounts of precious metals in most circumstances. Home storage will always be less secure than a professionally managed storage facility.
Investors who do not want to store their precious metals in their homes can store them in a secure depository. The choice of storing precious metals in secure vaults is safer than storing them in your home, even with a secure in-home safe.
Although Orion Metals Exchange does not partner with any depository, it can provide you with a list of trusted depositories to choose from locally (in the United States) and internationally. When you select your preferred storage company, Orion will ship your precious metals to the storage company's secure facility.
If you own a precious metals IRA, you can buy IRA-eligible precious metals from Orion Metal Exchange. The company also sells non-IRA-eligible physical gold, silver, palladium, and platinum precious metals to interested investors. The company’s major coins come from mints in America, the United Kingdom, Australia, and Canada.
Orion Metal cares about giving its clients the right information and arming them with the right knowledge about precious metal investments. Because of this, the company dedicates a section of its website to relevant resources about investing in gold and silver or platinum and palladium.
The company’s website also has a Chart section. Clients can see this section to see past and real-time prices of precious metals. The information helps investors know how good their precious metals are performing.
Part of the info section on the company’s website is its NEWS PAGE. The page contains articles that are arranged based on their dates of publishing. However, you can use the search tool if you want a specific article. We have found this a useful research option.
The company offers investors a Kit containing details of what they need to know about precious metals IRA investment. These details include;
To get the kit, visit the company’s website and request this useful resource. The kit also shows customers how to qualify for the company’s promotions.
Orion offers customers a buyback guarantee. The company buys back from those who want to sell their precious metals for various reasons. It ensures that the buyback process is fast and easy for clients who want to sell back to it.
The company’s website is easy to navigate. In addition, the customer care representative told us that customers get most of the assistance they need for opening their IRA and rolling over their funds through the company’s website.
When we spoke to several of the company’s customers, they told us that “its customer service is experienced in assisting and providing services to customers.” Most of them told us that “their experience with the company through its customer service brought them back to buying from it the second time.”
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4.9 out of 5 Stars.
This rating was from a total of 183 reviews.
5 out of 5 Stars.
This rating was from a total of 16 reviews.
4.9 out of 5 Stars.
This rating was from a total of 140 reviews.
While conducting this review, the company offered new and existing customers who qualify to buy precious metals or open precious metals IRA through them an opportunity to get up to $20,000 worth of gold and silver. While the company’s promotion is good, our top three recommended companies have better promotional offers. For example, Goldco, when we wrote this review, offered the following promotions to new customers.
To round off this Orion Metal Exchange review, we will give our final verdict about the company. Based on our expert viewpoint, the company is not a scam. It is a legitimate company that started operations in 2017.
Although this company is not one of our top three recommended companies, it does feature in our first thirty recommended companies. It never managed to reach our top three for a few reasons.
Because we care about your future finances and planning for your retirement, we recommend investing through any of our top three precious metal IRA companies. For residents of the USA looking to build long term growth to fund future plans or your retirement Augusta Precious Metals, Goldco or American Hartford Gold are our recommended top three picks, but we do believe Orion Metals Exchange is an up-and-coming company and one to watch in future reviews over the coming years.
To get the precious metal investor guides from our recommended three companies click the links in the next section (on the right of the page) to see the amazing features that make them stand out from the rest.
Augusta Precious Metals is a top-rated precious metal IRA company in the precious metals niche. We suggest you use this company if you are a beginner in the precious metals niche. Its rich investment guide and superb education program will provide you with every detail you need to making the right investment decisions based on your goals
Read full Goldco Pros and Cons Review
Goldco is another leading BBB-accredited precious metals IRA firm. The company is famous because of its many celebrity endorsements and awards from reputable organizations. It is one of the safest, and many celebrities in the United States own precious metals IRAs with Goldco