Orion Metal Exchange Review

Are you interested in investing in precious metals? Maybe you’re considering the idea of opening a Gold IRA.

If that’s the case, you should consider Orion Metal Exchange. In 2020, Retirement Living named them the top-rated full-service firm for precious metals. Orion Metal Exchange is a comprehensive dealer in precious metal investments, offering a wide range of gold, platinum, palladium, and silver coins and bars.

They also provide individual retirement accounts (IRAs) specifically for gold and silver investments. Jacob Blalock, the CEO of Orion Metal Exchange, views the recognition by Retirement Living as a great honor and a testament to their dedicated team’s hard work and collaboration.  Today I’ll talk about the company in depth and release my findings.  You can always skip to my page about the top gold IRAS if you want to see where Orion Metals Exchange stacks ups.

Orion Metal Exchange Review

With a five-star rating on Trust Pilot, Orion Metal Exchange is highly regarded by its customers. Consumer Affairs also acknowledged them as a leading company in the field of precious metals for Gold IRAs in 2017 and 2018. With 50 years of precious metals industry experience, the company focuses on assisting investors in finding the best precious metals investment options.

Orion Metal Exchange can assist you if you want to diversify your investment portfolio while minimizing financial risks. They don’t charge any set-up or IRA transfer fees and offer secure storage for precious metals for up to three years.

Orion Metal Exchange provides various storage options tailored to meet your specific requirements. In this review of Orion Metal Exchange, we will delve into the company’s offerings, helping you determine if they align with your needs.

Introducing Orion Metal Exchange: A Brief Overview

Established in 2017 by Jacob Blalock, Orion Metal Exchange has emerged as a prominent player in the precious metals industry despite its relatively short existence. Headquartered in Los Angeles, California, this company boasts over 50 years of combined experience in the field of precious metals.

With an impressive track record and a multitude of satisfied investors, Orion Metal Exchange has earned a stellar reputation as one of the leading precious metals dealers in the United States. Catering to a diverse range of investors’ requirements, the company offers a comprehensive suite of services, including sales, liquidation, education, accredited IRA account set-up, and secure storage for precious metals.

Notably, Orion Metal Exchange extends its services to residents of the United States and international investors. To ensure personalized attention and guidance, the company assigns a dedicated account representative to each investor. This representative will closely assist you throughout the investment process, addressing your queries and helping you select the most suitable precious metals to enhance your portfolio. Your account representative will also keep you well-informed by providing real-time updates on market conditions and economic events that may impact your investments.

Its exceptional flexibility sets Orion Metal Exchange apart from other precious metals and gold IRA companies in the U.S. The company allows investors to seamlessly transition their existing IRA into a Gold IRA or other precious metals investments, providing greater investment options and potential benefits.

Orion Metal Exchange is esteemed for its commitment to industry standards and regulations. The company is endorsed by the Professional Coin Grading Service (PCGS). It adheres to the Industry Council for Tangible Assets (ICTA) guidelines and the Numismatic Guaranty Corporation (NGC). This validation ensures that investors can trust the accuracy of grading and valuation when considering their investment choices.

When it comes to your precious metal investments, Orion Metal Exchange is a reputable option to consider. Their expertise and dedication will help instill confidence in your investment decisions, ensuring you choose appropriately graded and valued products.

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Orion Metal Exchange: Products and Services for Precious Metals

Orion Metal Exchange Services

At Orion Metal Exchange, they provide a wide range of offerings for individuals interested in precious physical metals. Our services include sales, exchanges, and secure storage solutions for bullion bars, bullion coins, and numismatic coins. When you choose to partner with us for your precious metal investments, you can enjoy numerous benefits, including:

  • Dedicated Account Representative: Gain access to a personal and knowledgeable account representative who can assist you throughout your investment journey.
  • Generous Buyback Policy: Orion Metal Exchange offer a generous buyback policy, ensuring that you have the option to sell your precious metals back to us when needed.
  • Fast and Insured Shipping: All bullion bars and coins from Orion Metal Exchange are shipped promptly and securely, providing peace of mind.
  • Timely Information and News: Stay informed with timely updates on precious metals and economic events, empowering you to make well-informed investment decisions.

Additionally, they specialize in helping individuals set up Gold IRAs. Let’s delve deeper into their Gold IRA services:

Orion Metal Exchange Gold IRA: A Comprehensive Overview

What is a Gold IRA?

A Gold IRA, also known as an Individual Retirement Account, allows investors to hold physical gold coins or bars as a part of their retirement portfolio instead of traditional financial investments like bonds or stocks. Gold IRAs offer the same tax-deferment benefits as traditional IRAs.

In addition to gold, other precious metals such as platinum, palladium, and silver can be included in an IRA. However, storing these precious metals is a requirement.

According to IRS regulations, holders of Gold IRAs must appoint a custodian, such as a brokerage firm or bank, to securely manage their physical assets.

As a leading custodian of Gold IRAs in the United States, Orion Metal Exchange adheres to strict IRS guidelines for asset security, accounting, and reporting.

How Does the Orion Metal Exchange Gold IRA Work?

Orion Gold IRA

With the Orion Metal Exchange Gold IRA, you have the opportunity to physically possess precious metals such as bullion bars, gold, platinum, silver, and palladium coins within a tax-deferred account.

The company will guide you through the entire process of setting up your Gold IRA. You can fund the account with cash or choose to rollover funds from an existing retirement account. They offer a variety of IRS-approved precious metals options, including popular products like Silver Eagles and American Gold.

Orion’s Gold IRA follows the same tax rules as traditional IRAs. This means that your contributions to the IRA can be deducted from your federal income taxes.

Withdrawals from your Gold IRA can only be made once you reach 59½ years of age. Early withdrawals are subject to taxation and incur a 10% penalty.

Upon reaching the age of 70½ years, mandatory withdrawals must be made, which are also subject to taxation, similar to traditional IRAs.

If your Gold IRA is a Roth account, your withdrawals are tax-free since you have already paid taxes on the contributions. Furthermore, there is no obligation to make withdrawals at age 70½.

Choose Orion Metal Exchange for your precious metal investments and Gold IRA needs, and let us help secure your financial future.

Pricing Information for Orion Metal Exchange

Orion Metal Exchange is preferred among many investors due to its competitive pricing structure. The company offers annual storage fees ranging from $75 to $100, depending on the storage location of your precious metals.

These storage fees include insurance coverage. The minimum investment amount for precious metals is $5,000. However, it is recommended to consider investing at least $30,000 to take advantage of promotional offers.

For instance, if you invest $30,000, Orion Metal Exchange provides one-year storage, insurance, and a custodian without any additional charges. There are no annual agreement fees.

Options for Storing Precious Metals with Orion Metal Exchange

Orion Metal Exchange presents three precious metal storage options for your precious metals: home storage, secure vault storage, and IRA.

Home Storage

If you prefer keeping your precious metals at home, Orion Metal Exchange can assist you in selecting the most suitable in-home safe to ensure the security of your assets.

Secure Vault (Depository) Storage

For those uncomfortable with storing precious metals at home, secure vault storage is the safest option. By opting for vault storage, you can ensure the utmost security for your assets.

Individual Retirement Account

Orion Metal Exchange is ready to provide valuable assistance in establishing a Precious Metals IRA account or facilitating a seamless rollover from your current IRA if you decide to invest in gold, silver, or other precious metals.

Shipping Valuable Precious Metals

When you decide to order gold, platinum, silver, or any other precious metals from Orion Metal Exchange, they are committed to providing you with prompt and secure shipping services for your valuable assets.

Orion Metal Exchange takes great care in packaging and ensuring the safe delivery of every shipment of precious metals, prioritizing security and speed.

Orion Metal Exchange FAQs

Q: What is a Gold IRA?

A Gold IRA is an investment for your retirement that allows you to possess physical IRS-approved gold, platinum, palladium, and silver bullions, gold coins, or bars. Similar to traditional IRAs, Gold IRAs offer tax-deferment benefits. However, there are certain restrictions on withdrawals for Gold IRAs.

Q: Can I store my IRA precious metals at home?

Storing Orion precious metals IRAs at home is generally discouraged by precious metal firms due to the regulations specified in sections 408(m)(3)(B) and (n) of the Internal Revenue Code. Safeguarding your assets by storing IRA precious metals in designated safe depositories is advisable.

Q: Is storing my metals in a safe deposit box possible?

Yes, it is possible, but some challenges and additional costs may be involved. When the time comes to liquidate your metals, you will need to securely transport the bulky items, which can be expensive if you have rented the safe deposit box for an extended period. Additionally, you will need to purchase insurance for the safe deposit box, as banks do not provide such coverage.

Q: What is the significance of investing in a precious metals IRA?

Gold and silver are often considered “safe-haven” assets. Including these precious metals IRAs in your IRA can help stabilize the value of your savings and protect them from the fluctuations experienced by other types of investments.

Final Considerations

If you are seeking a reliable company for precious metal IRA investments, Orion Metal Exchange is a suitable choice. Whether you require assistance establishing a precious metals IRA or investing in gold, silver, or other precious metals, the Orion Metal Exchange offers options for purchasing or liquidating assets. Additionally, they provide a Gold IRA account to aid customers in diversifying their investment portfolios.

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Tim Schmidt

About 

Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He started IRA Investing to share his expertise in using his Self-Directed IRA for alternative investments. His views on retirement investing have been highlighted in USA Today, Business Insider, Tech Times, and more. He invested with Goldco.