Money Metals Exchange Review 2022

Jeremy Biberdorf By: Jeremy Biberdorf April 16, 2022
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4.3/5

4.3 rating based on 5 ratings

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In a Nutshell: Money Metals Exchange is an online bullion exchange. It deals with gold, silver, copper, palladium, platinum and rhodium. Clients can choose to purchase these precious metals in many forms from the online bullion dealer, or they can sell their existing metal assets. Money Metals Exchange offers services beyond just buying and selling, such as storage and loans.

Products
Services
Shipping
Storage
Gold, silver, copper, palladium, rhodium, and platinumBuy, sell, loansFree shipping on all $500+ ordersSecure storage for silver, platinum and gold

Pros & Cons

Pros

  • Has various services
  • Offers many products
  • Free shipping on orders over $500+
  • All shipments are insured
  • Fast shipping and secure packaging
  • Has many helpful resources
  • Many customer service support channels
  • Various payment gateways

Cons

  • Support is not 24/7
  • You may be hit with transaction fees (depending on your payment of choice)

Money Metals Exchange – What is It?

Money Metals Exchange is an online bullion dealer that offers clients access to a variety of precious metals such as gold, silver, copper and platinum. Its metal products come in various forms including bars, rounds and coins (depending on the type). What makes it an investor’s favorite bullion platform is the premiums. Money Metals Exchange offers some of the lowest in the U.S.

Products Offered on Money Metal Exchange

After conducting our Money Metals Exchange review, we found that the online platform has one of the largest selections of precious metals.

Gold

Gold comes in coins, rounds, jewelry, bars and fractionals with items from Great Britain, Canada, Australia and China

Silver

Money Metals Exchange’s silver comes in rounds, bars, bullets, fractionals and even statues.

Copper

Copper comes in rounds, pennies and bars.

Platinum

You can find platinum coins, bars and jewelry on Money Metals Exchange.

Palladium

Palladium is only available in coins and bars.

Rhodium

Rhodium is the metal that is the least diverse, coming in bars only.

Money Metals Exchange Features

Buying

You can buy all the precious metals offered on the exchange and every transaction is safe, secure and very fast. Once you have your account set up (which takes less than 10 min), you can start to shop! For transaction ease, you are only able to purchase one product at a time, but hopefully, this could change in the future.

On the checkout page, you can pick your method of payment. Money Metals Exchange supports e-transfers, credit/debit card payments, wire transfers, checks and even cryptocurrency!

Selling

Money Metals Exchange accepts your gold, silver, platinum and palladium. The exchange negotiates prices in person over the phone, so give their customer service number a call.

Once you have both reached an agreed price, you will receive a purchase order via email. The email will also contain shipping instructions you will need to follow to ship your products to them. You will receive your payment after everything has been verified and finalized.

Loans

Money Metals Exchange also offers loans, which clients can borrow against the gold and silver they own. The interest rate is low, and your advance rate is about 75% against your collateral value. The process is very quick from beginning to end and the platform will keep your collateral secured in storage and fully insured.

Storage

If you opt to store your metals with Money Metals Exchange, you can rest assured that everything will be safe in a state-of-the-art facility, is fully insured, and you get quick access to cash loans if needed.

Compared to other exchanges and storage facilities, Money Metals Exchange charges a very reasonable flat fee of $96 annually on holdings valued at 0-$15,999. Amounts starting at $16,000 up to $2,999,999 will be charged a percentage of the total, and clients would have to call for pricing for holdings $3,000,000 and above.

Money Metals Exchange Review – Is It Legit?

Yes, after a thorough Money Metals Exchange review, we believe it is safe, secure, and legit.

It is a Better Business Bureau accredited business and Investopedia has named it 2020’s Best Precious Metals Dealer in the USA. The company takes client privacy very seriously and adopts advanced SSL technology to encrypt personal data. Money Metals Exchange will not sell or share your information.

Everything is done in accordance with the law with security camera monitoring, insurance and safety measures in place for your peace of mind.

Conclusion

Money Metals Exchange is more than just a platform to deal with precious metals, but it’s also a safe avenue for loans, secure metal storage, and a helpful resource for pricing, laws around precious metal purchases, and so much more. Try Money Metals and learn what it can do for you and your financial goals here.

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Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. After working many years in the website marketing industry, he decided to take on blogging full time and also get his finances headed in the right direction. Also check out his contributions to Equities.com and Benzinga.