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Being a leading bullion dealer in the country, Money Metals Exchange facilitates the buying, selling and storage of precious metals for investors. Customers can pay using cash, wire transfers, credit/debit cards, checks, e-checks and digital currencies like Bitcoin.
With its Money Metals Depository Accounts, the firm sells a wide variety of gold and silver bullion at extremely low costs, all of which are available for instant delivery. Premiums on all coins, rounds and bars the company sells are among the lowest.
Money Metals Exchange is a wholesale bullion dealer running a retail website where investors may buy bullion at the best available market price.
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Money Metal Exchange Products
Money Metal Exchange offers investors and collectors a wide range of precious metal products. These products include coins, bars, rounds and more.
Money Metal Exchange offers gold, silver, platinum and palladium coins. Gold coins are available in various sizes, including half-ounce, one-ounce, two-ounce, five-ounce, ten-ounce and one-kilogram sizes.
Silver coins are available in one-ounce, five-ounce and ten-ounce sizes. Platinum coins are available in one-ounce sizes, while palladium coins are available in one-ounce and five-ounce sizes.
Money Metal Exchange offers various sizes of gold, silver, platinum and palladium bars. Gold bars are available in sizes ranging from one gram to one kilogram. Silver bars are available in sizes ranging from one gram to one kilogram.
Platinum bars are available in sizes ranging from one gram to one kilogram. Palladium bars are available in sizes ranging from one gram to one kilogram.
Money Metal Exchange offers various sizes of gold, silver, platinum and palladium rounds. Gold rounds are available in one-ounce, two-ounce, five-ounce, ten-ounce and one-kilogram sizes. Silver rounds are available in one-ounce, two-ounce, five-ounce and ten-ounce sizes.
Platinum rounds are available in one-ounce and two-ounce sizes, while palladium rounds are available in one-ounce and two-ounce sizes.
How to Buy Precious Metals from Money Metal Exchange
The transaction is quick, safe and convenient when you buy metals from the exchange using their online system. All available items are listed under the "Buy Silver" subheading of the site's navigation bar.
When you find a product you like and wish to buy, click the blue "Add to Cart" button. Due to its simplicity, the marketplace only allows you to buy one item at a time; however, you may acquire as many more items as you wish by repeating the above process.
Customers only need an account to keep tabs on their purchases or start a recurring subscription that gets them discounts or even free rounds every month. When you have finished shopping (and modifying your purchase, if necessary), click the blue "Check Out" button in the top right.
To complete your order, you must provide your billing and shipping details by creating an account or logging in. If you click "See Cart" at the upper left of the page and then select "Remember Me," your cart will be saved under your user name for future purchases.
The time required to finish the process is around 10 minutes. You should anticipate getting your purchase anywhere from one to five days after placing it, depending on how close you are to the depository. You can contact the firm via phone or email if you have any issues with your purchase.
How to Sell Precious Metals to Money Metals Exchange
Money Metals Exchange provides the simplest and most secure way to sell precious metals online. Here is a step-by-step breakdown of the selling process:
Money Metals Exchange is known for its excellent customer service. They have a team of experienced and knowledgeable staff who can answer questions and address customer concerns. They are friendly, helpful and eager to provide exceptional service.
The customer service team is available via phone, email or live chat. Their hours of operation are Monday through Friday from 7:00 am to 5:30 pm PST and they are available to assist customers seven days a week. The staff members are well-versed in various topics, from buying and selling precious metals to setting up a self-directed IRA.
Customers can also contact Money Metals Exchange to speak to a seasoned precious metals specialist who can advise and help them make informed investment decisions. The specialists can also help customers with account-related questions or problems such as transferring funds or setting up a storage account.
Money Metals Exchange also offers a variety of resources to help customers stay up to date on the latest precious metals news and market trends. They have a blog with articles on investing and other topics, a weekly market analysis video and a comprehensive glossary of precious metals terminology to help customers better understand the market.
Pros & Cons of Money Metals Exchange
Money Metals Exchange offers several advantages for investing in precious metals.
While the firm is an excellent service and popular with investors, a few things could be improved with using it.
On the review website Yelp, there are now about 1,000 reviews of the organization. Overall, Money Metals Exchange has received excellent feedback on Yelp, suggesting that customers are pleased with their purchases.
Customers praise service agents for their knowledge and friendliness. Nonetheless, some customers have complained about shipment delays and a lack of weekend customer service.
Why Add Gold to Your IRA?
Investors can reap several rewards by putting gold in their retirement accounts. Gold's low connection to other asset classes may help reduce overall volatility and risk, making it a great addition to a 401(k) or other retirement savings plan.
Due to its tendency to increase in value when the economy falters or when currencies weaken, gold may be used as a hedge against inflation. Investors seeking security in their retirement funds might consider gold, which has a long history of serving in this capacity.
Gold's primary value as an IRA asset lies in its ability to mitigate risk and act as a hedge against inflation. Gold's long history as a haven and an effective inflation buffer makes it a prudent investment today. Gold is an excellent long-term investment since its value rises when the economy contracts.
Furthermore, there may be tax benefits to putting gold in an IRA. Investors can save money on capital gains tax by including gold in their retirement plans because gold is exempt from this tax. Gold is a good choice for retirees since it may help them save on taxes.
One last benefit of gold is that it may be used as a retirement income supplement. Due to its status as a liquid asset, gold can be swiftly and readily converted into cash, giving retirees a reliable source of income. Gold is also a physical asset, so having it in a retirement portfolio might help investors sleep better at night.
How Do You Choose a Reputable Precious Metals Dealer?
Choosing a precious metals dealer is just as important as selecting the right type of metal for your investment. Here are several tips to help you find a reputable precious metals dealer:
Money Metals Exchange has some advantages such as pre-made portfolios for new investors, but some drawbacks should be considered. The biggest issue is that there are limitations on the payment methods and processing costs, which can be a hassle for customers and slow down the checkout process. Additionally, customer care support is unavailable on weekends, which can be an issue if you need assistance.
Overall, Money Metals Exchange is a good firm, but there are better options that offer more robust services and support. If you are looking for an IRA, we recommend looking elsewhere.
Several other companies offer more comprehensive payment methods and processing fees and provide weekend customer service. Researching and finding the best option for your needs is the best way to ensure you make the right decision.
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