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Founded in 2017, Orion Metal Exchange is a precious metals company headquartered in Los Angeles, California. It has a catalog of gold, silver, platinum, and palladium coins, some of which are IRA-eligible. However, no precious metal bars are available. Orion Metal Exchange leaves the choice of storage depository up to clients. Additionally, the company is not transparent about whether it has partnered with an IRA custodian.
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Pros:
- Orion Metal Exchange offers some of the most popular IRA-eligible gold, silver, platinum, and palladium coins
- There are collectible and commemorative coins available for collectors and investorsCons:
- The company is not transparent about any partnered IRA custodian
- It has not partnered with any depository, instead, leaving storage up to the discretion of the client.
Company Info & Background
Located in Los Angeles, Orion Metal Exchange (www.orionmetalexchange.com) is a precious metals dealer. The inventory includes collectible coins and some popular IRA-eligible coins for investment. Orion Metal Exchange has been in business since 2017.
It also provides assistance in opening a Precious Metals IRA. Yet, the company is not clear as to which company is the preferred IRA custodian. It leaves the selection of depository up to clientele.
Orion Metal Exchange offers customers a “Free Investors Kit”. On its website, there is a “News” section providing topical information of precious metals and investments. In addition, a ticker provides updated prices for gold, silver, platinum, and palladium.
Orion Metal Exchange Management Team
Orion Metal Exchange is not forthcoming regarding its leadership team. LinkedIn lists Jacob Blalock as the co-founder and the CEO.
Orion Metal Exchange Custodian and Storage
Based upon the Orion Metal Exchange website, it seems there is no preferred company that has been partnered for custodial services. Regarding custodians, it says thus:
“First, keep in mind that whether you are setting up a new IRA account or transferring an existing IRA makes a difference. Your investor might set up a new account for you if you don’t already have one. You can “rollover” an existing IRA, 401k, or retirement account. It’s important to talk to a CPA or tax advisor to figure out what is the best option for your current investments.
Next, you would need to choose an IRA account custodian. Self-directed IRA accounts must be held by an IRA custodian or trust company. These professionals are responsible for opening, setting up, and producing account statements. Orion Metal Exchange can serve as your IRA custodian and help you manage the ins and outs of your IRA.
After choosing your custodian, you can then choose a precious metals dealer. This is one of the greatest benefits of having a self-directed IRA, you can buy precious metals from the dealer of your choice. This allows you to easily shop and compare products and prices.
Once you’ve done that, then it’s time to select bullion products. Keep in mind, there are only specific products eligible for IRA accounts. These bullion products include gold and silver. This can come in the form of coins and gold rounds and bars, but they have to be at least .995 percent minimum fineness. Which metals you choose, however, is yours to make.
Selecting your depository is the next step. Your precious metals must be held in a depository. Your IRA custodian can help you find an approved depository that makes this process easier. Ultimately, however, you can choose which location to store your deposits in.
Finally, once your account is fully set up, you can invest in your precious metals of choice. Your custodian will manage your payments to the dealer, and your precious metals will be safely and securely shipped to the depository.”
Apropos of any partnered depository, Orion Metal Exchange states the following:
“Many physical gold and silver investors prefer to store their metals in a vault. We can recommend a variety of secure and reliable vault storage services in both the United States and abroad.”
Orion Metal Exchange Products
The Orion Metal Exchange inventory consists of collectible coins, in addition to some of the popular IRA-approved coins. Although no precious metal bars are available, there are gold, silver, platinum, and palladium coins. Some of the bullion coins include the Gold Canadian Maple Leaf, Gold American Eagle, Silver Canadian Maple Leaf, Silver American Eagle, Palladium Maple Leaf, and the Platinum American Eagle.
View more Orion Metal Exchange products here.
Orion Metal Exchange Precious Metals IRA Info
| Company | Orion Metal Exchange |
|---|---|
| Annual Cost | Variable |
| Scaled or Flat Fees? | Flat Fees |
| Partnered Storage Vault | N/A |
| Partnered Custodian | N/A |
| Metals Available | Gold, silver, platinum, and palladium coins |
| Years in Business | 4 years (2017) |
Orion Metal Exchange Reviews, Ratings, and Complaints
Below we offer a diverse selection of reviews, ratings, and complaints pertaining to Orion Metal Exchange from trusted consumer reporting and rating agencies sites. Simply click on the links provided to study the reviews in greater detail.
BBB Rating: A+ Pending (Details)
BBB Complaints: 2 complaints closed in last 3 years (Details)
BCA Rating: No Profile
BCA Complaints: N/A
TrustLink: Profile (Details)
Trustpilot: Profile (Details)
RipOff Report: 0 Reports
Yelp: Profile (Details)
Facebook: Profile (Details)
Orion Metal Exchange Contact Information
- Address: 12301 Wilshire Blvd, Suite 412, Los Angeles, CA 90025, United States
- Phone: (800) 559-0088
- Email: support@orionmetalexchange.com
- Website: www.orionmetalexchange.com
Founded in 2017, Orion Metal Exchange is a precious metals company headquartered in Los Angeles, California. It has a catalog of gold, silver, platinum, and palladium coins, some of which are IRA-eligible. However, no precious metal bars are available. Orion Metal Exchange leaves the choice of storage depository up to clients. Additionally, the company is not transparent about whether it has partnered with an IRA custodian.User Rating
Sarah Bauder is a financial writer with over a decade of experience at numerous online publications, writing about alternative investments, retirement, US politics, world economy and more.
