Is Wheaton Precious Metals A Scam? (Legit Firm!?) (2022)

August 25, 2022

Is Wheaton Precious Metals A Scam?

Hello and welcome to my ‘Is Wheaton Precious Metals A Scam?’ article.

At present, there are a lot of mining agencies around. But, this term might not ring a bell to many. Thus, this ‘Is Wheaton Precious Metals A Scam?’ article will help you understand this investment alternative.

Moreover, I will be listing down the positive traits of precious metals streaming companies such as Wheaton Precious Metals. Also, we will be answering if this type of financial venture is beneficial.

Without further ado, let us start this ‘Is Wheaton Precious Metals A Scam?’ article.

Wheaton Precious Metals Review Quick Summary

Name: Wheaton Precious Metals

Website: https://www.wheatonpm.com/Home/

CEO: Randy Smallwood

Prices: Undisclosed

IRA Services: Not available

Rating: 3/5

wheaton precious metals logo

What is Wheaton Precious Metals?

wheaton precious metals website

To start, Wheaton Precious Metals is Canadian precious metals streaming company. Founded in 2004, this company revolves around offering investors a chance of investing at a unique way.

Prior to 2017, they were known as Silver Wheaton. Since then, it became one of the world’s largest streaming firms. In addition, they claim to offer direct leverage to increasing metal prices. and high-quality asset base.

But, what are metal streaming companies? To put it simply, these are firms that pays and signs an agreement with a mining corporation. In this contract, they will receive a predefined percentage of metals mined.

Currently, Wheaton Precious Metals has streaming agreements with 21 operating mines and 14 development projects. Furthermore, they are capable of delivering gold, silver, platinum, palladium, and even cobalt.

Presently, Wheaton Precious Metals have two subsidiary companies: Silver Wheaton LTD. and Silverstone Resources. These two companies are responsible for maintaining and creating more streaming agreements.

Now, you might be thinking about the possible services you can avail at this company. For that, please take a look at succeeding sections. However, if you want to skip to a reputable precious metals firm, do click here!

Products and Services

As mentioned, Wheaton Precious Metals involves themselves on acquiring agreements with various mining companies. In turn, they pay for rights and other necessary fees to receive a portion of metals.

Now, as a savvy investor, how can this venture interest you? Well, Wheaton Precious Metals will promote their product as a superior investment medium. In a way, this will produce an idea of high-upside but low-risk investment.

Which, by the way, is true for all streaming companies. Take note, you will also benefit from the direct control that this company have over production. Do remember, streaming companies are still directly under the precious metals industry.

As such, you must be willing to accept that streaming companies’ shares will be relatively low. Put side by side, it will perform poorly against the increases in spot prices of real silver and gold.

However, their business model simplifies things for those that are still doubtful about this opportunity. For those of you that are still weighing their options, take a look at the image below.

wheaton precious metals business model

Key Concepts

Community Investment

First and foremost, the goal of Wheaton Precious Metals is to support the development of thriving, healthy communities. Therefore, they provide a portion of their net profits through various communities.

In addition, they employ local community investment programs which helps in any way possible. Admirably, they are hoping to partner with some of the environmental agencies present.

Lastly, this company has a lot of energy and environmental partners. In their own way, they vow to minimize environmental impact in relation to their businesses.

That is why, they piously adhere to their four pillars of giving. These are the following:

  1. Health and Wellness
  2. Community
  3. Education
  4. Environment

Environmental Involvement

Honestly speaking, Wheaton Precious Metals is for both current and future generations, Commendably, Wheaton is dedicated to safeguarding human life, human health, and the environment.

At the same time, they also recognize the ongoing environmental deterioration and climate change brought upon by human activity. That is why, they promote a worldwide action.

Fortunately, their objective as a firm also focuses on the direct consequences of their actions. Thus, they have a strong grasp on several environmental issues surrounding mining metals.

Customer Ratings and Reviews

Now, for this section, do keep an open mind about this. As mentioned, as a streaming company, they have little to no online presence. In addition, they do not have affiliation with great organizations.

Most probably, these factors contribute to them receiving no reviews from reputable firms at the moment. But, on the other hand, they also do not have reports about scams or any fraudulent acts.

Hence, one can say that their online presence, as well as platform, is not at a good level, yet. Also, it would be a great idea to add bullions on their inventory to attract many investors.

Still and all, I will update this article if any meaningful ratings come up. For now, I suggest conducting business with Augusta Precious Metals, a leading gold IRA company..

Pros and Cons

Pros

  • Top-rated precious metals streaming company
  • Numerous agreements with mining companies
  • Has great involvement in environmental and community activities
  • Become a stockholder of low risk asset

Cons

  • No IRA services
  • No price information on its website
  • No ratings and reviews since business idea is unique
  • Business venture can be confusing for some clients
  • Essential information on how to become a stockholder is only on a guidebook.
  • No direct offerings of precious metals

Final Words

To conclude, this 'Is Wheaton Precious Metals A Scam?' article firmly states that this company is legit! Moreover, it is a unique business venture that might pique the interest of many investors.

But, there are some things that they need to improve. For one, they have no important information regarding on how to invest on their company. This can be frustrating and confusing for many.

Second, they have no direct offerings of precious metals, even IRA services are unavailable. As a piece of advice, they will persuade more clients by tackling these two services.

Last, they have little to no online presence. Nowadays, buyers and investors are conducting business with firms that has a lot of good reviews. Therefore, this an area to be improved by Wheaton.

As usual, I extend my gratitude to you for reading this 'Is Wheaton Precious Metals A Scam?' article of mine. For comments and suggestions, do leave them in the appropriate section below.

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 Questions? Call 855-444-7022


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