Welcome to this Money Metals Exchange Review (Updated for 2022!)
This summer, quite a few people are wondering if the worldwide economy will ever recover. While no man can know all the future for sure, it seems like it might take quite some time. Countless people are wondering what will happen next. As a result, some are starting to think about whether pivoting into precious metals like gold and silver might be their ticket out... Perhaps you are one of those people.
And perhaps you have heard about a company called "Money Metals Exchange".
So who (or what) is Money Metals? Are they legit? How is their customer support? What do others have to say about them? Are they the right fit in 2021?
WARNING: Before getting started, it needs to be said that you need to do 100% of your own due diligence and research before choosing to work with any company, especially when it comes to precious metals. Do not work with anyone if you do not feel comfortable doing so.
With that being said, let's jump right in and take a look, shall we?
Name: Money Metals Exchange
Category: precious metals
- Gold coins
- Silver coins
- Silver bars
- Gold bars
- Copper coins
How are their reviews? 2022 Update!
Well, here is a short blurb from the "reviews" page of their website:
"At Money Metals Exchange, we take customer service seriously and we want investors, whether beginner or experienced, to feel safe when purchasing bullion online. We welcome customer reviews and have a team of proffessional precious metals experts to tackle any complaints that may arise." - Moneymetals.com
The typo in "proffessional" is probably not the most convincing thing you'd wish to see on a company website in an industry where a "fat finger" can cause quite significant financial issues, but perhaps it can be overlooked depending on your point of view.
According to the third party review site, BBB.com, they have an "A Plus" rating and have been in business for 10 years. As of 6-22-21, they have received 93 customer reviews and their average rating has DROPPED from 4.75 out of 5 to just 4.57 out of 5...
The three most recent reviews left on BBB give them a rating of 5 out of 5. That said, the fourth review appears to have left a one out of five rating, with the reviewer seeming to have felt that the company was "racist".
So, there's that.
Summer 2021 Update: As of mid-June 2021, Money Metals Exchange rating on Scamreport.com has dropped from 4.3 out of 5 to just 4 out of 5 (based on 16 reviews)...
Not only that, the most recent review left gave them a 1 out of 5 rating... yikes.
The reviewer left the following comment,
"Do yourself a favor and buy metals someplace else. Very misleading with their website and advertisements"
Take that for what you will.
Here's some "Pros and Cons":
- Live chat feature on their website
- Fairly easy to navigate website
- Offer quite a few more products (like rhodium bars for example)
- They accept crypto
- Apparently someone had a payment issue with them, but its a bit hard to say if it was the customers issue or theirs...
- more negative reviews than in the beginning of 2021...
Are they a scam?
Judging by the majority of the reviews left on places like the BBB website, it seems pretty unlikely that Money Metals is a scam. Could a company be in business for 10 years with an "A Plus" rating from the BBB if they were a scam?
That said, you MUST do your own research before picking someone to work with when it comes to precious metals. You need to do your homework and not proceed with anyone unless you are 100% comfortable with them and with your decision.
Are there "better" options out there?
If you are on the lookout to diversify or just re-up your current stack, Goldco might be a great choice for you. Goldco (also known as Goldco Precious Metals) is a trusted and experienced full-service precious metals firm. They specialize in taking care of gold and silver IRAs.
No precious metals company is ever gonna be "perfect". Some may offer a better fit than others. At the end of the day, it usually just comes down to a matter of which company you feel most comfortable with.
Hopefully you found this info useful. If you choose work with Money Metals, please feel free to leave a review in the comment section below so that this article can be updated with your experience, as it could really help out your fellow readers by giving them the most up-to-date info.
If you have any questions, please do hesitate to leave them in the comment section below.
Top Recommended Precious Metals Firm!
Goldco has received an absurd amount of rewards and recognition. Not only that, they probably offer one of the greatest “Gold IRA” services out there- not to mention their storage options are some of the most sophisticated in the world... to read a detailed review of them, just hop on over to the following page: Goldco Review (Updated For 2022)
If you are "on the fence" about who you should work with when it comes to precious metals, feel free to request their neat little “gold kit” (it's completely FREE, by the way) which they can ship to you free of charge (no strings attached), which you can request by hopping over here.