Orion Metal Exchange Gold IRA Review 2022 | Fees, Complaints & More

If you want to diversify your retirement investment portfolio, you might want to consider Gold IRAs. We’re here to review Orion Metal Exchange, a full-service precious metals company that provides expertise and insight to support you with managing your precious metals IRAs.

This review explores their offer, products, and customer ratings, among other things, to help you decide whether to invest your hard-earned savings.

About the Company 

Situated in Los Angeles, California, Orion Metal Exchange was founded in 2017 by Jacob Blalock. Notably, this gold and precious metals dealer has over 40 years of industry experience.

The company offers precious metal coins, bars, and bullions, including those eligible for IRAs. The Orion Metal Exchange IRA allows investment in gold, silver, platinum, and palladium. It can either be directly funded or through transferring funds from another retirement account, such as a company-sponsored 401(k)).

Before we continue...

We have worked very hard to review, research and reveal the most important pieces of information that investors need to know before investing their money. We have been able to narrow a list down to the top 5 gold IRA companies.

I recommend you check the list before proceeding with any IRA transfer.

Quick answer: Goldco is our #1 recommendation for multiple reasons, including their A+ BBB rating and their special offer of up to $10,000 in free silver.

Services provided by Orion Metal Exchange

Orion Metal Exchange has a vast inventory of gold, silver, platinum, and palladium coins and bars on offer. In addition, Orion provides full-service support whether you're looking to purchase, sell, or exchange precious metals through an approved retirement account, third-party storage, or you can even get home delivery

It’s worth noting that the company provides a wide range of precious metals, but Gold IRAs stand as its main area of focus and expertise. You have many flexible investing alternatives with their precious metals IRA. In addition, they provide their customers with an option to make a phone call and get a guarantee on transaction pricing.

Storage options

Another thing that Orion Metal Exchange does pretty well is help customers set up third-party storage accounts. You can store and insure your holdings at a third-party storage facility. Their customer service will assist you with finding and setting up an insured business depository in the US. You can call to purchase, sell, exchange, and request delivery. Each commercial depository storage program gets insured by Lloyd's of London to an amount based on the assets' value.

Orion Metal Exchange buyback program

Customers can access an exclusive buyback program to liquidate their precious metals at no charge. You can take physical ownership of your precious metals when you make an IRA withdrawal. Alternatively, you can withdraw and get paid in cash using their liquidation option. The liquidation process can get completed within 3-5 business days.

The precious metals on offer

Orion Metal Exchange offers a respectable assortment of investment-grade gold, silver, platinum, and palladium coins and bars, including:

  • Gold Rose Crown Guinea
  • Gold American Eagle
  • Gold Great Britain Queen's Beast
  • Gold Canadian Maple Leaf
  • Platinum Rose Crown Guinea
  • Platinum American Eagle
  • Platinum Canadian Maple Leaf
  • Palladium American Eagle
  • Silver American Eagle
  • Silver Canadian Maple Leaf
  • Keep in mind that the availability of these precious metals changes, and you might have to wait a bit in some situations. Their precious metals are minted in the USA, Canada, Australia, and the United Kingdom.

    Pros & Cons

    Pros

    • Minimal annual cost;
    • Four kinds of precious metals;
    • You can buy coins online;
    • Liquidation;
    • The fee-free buyback policy.

    Cons

    • Annual charges for metals storage and security;
    • No information about fees is available online.

    What does Orion Metal Exchange offer that the competitors do not?

    Like with many other verticals, unique services and perks make a brand stand out from the rest of its competitors. Let’s see what unique opportunities are offered at Orion Metal Exchange.

    Orion Metal Exchange and American Hartford Gold

    Orion Metal Exchange and American Hartford Gold offer similar services. Both can assist you in starting a Gold IRA and selling precious metals directly.

    Both have a $10,000 minimum investment requirement. Pertaining to this, American Hartford Gold will eliminate your first-year charges, while Orion will charge you a $250 setup fee for your initial IRA.

    But the annual expenses for Orion are only $175 after the first year, compared to the $280 you’d be paying for American Hartford services.

    Orion Metal Exchange and Augusta Precious Metals 

    Augusta Precious Metals does not offer platinum and palladium, while Orion Metal Exchange offers all four precious metals for investments.

    They provide comparable services overall, including the option to buy precious metals directly.

    With that said, Orion allows you to start with $10,000, while Augusta Precious Metals has a minimum investment requirement of $50,000. Both have stellar evaluations and reputations.

    While Augusta demands that you call a representative to get the pricing info, Orion Metal Exchange provides all its precious metal rates on its website.

    Can I trust Orion Metal Exchange?

    It’s only natural that you’d want to perform a background check on your precious metal dealer before investing. Orion Metal Exchange has an excellent track record and a solid reputation. They are also members of several organizations that vouch for their professionalism, including:

    • NRA Business Alliance
    • PCGS (Professional Coin Grading Service)
    • ICTA (Industry Council for Tangible Assets).

    The brand is also a dealer authorized by the Numismatic Guaranty Company (NGC).

    Rewards and accolades

    Retirement Living selected Orion Metal Exchange as the top precious metals company in the US. In addition, they were awarded "The best gold IRA service" in the US by the Chicago Tribune. In addition, Money.com has recognized them as the "Best for low fees" IRA company in the US for 2022.

    Review scores on other websites

    We've compiled a wide range of ratings from reputable consumer protection and rating websites as below.

  • Consumer Affairs - 4.9/5 from 163 ratings;
  • Trustpilot - 4.9/5 from 144 reviews;
  •  Better Business Bureau - A+ rating with 0 complaints;
  • Google Reviews - 4.9/5 from 186 reviews.
  • Our rating for Orion Metal Exchange

    Orion Metal Exchange is getting a 4.9 rating from us. We landed on this rating based on several factors. 

    We looked at numerous rave reviews, great ratings, annual fees, educational materials, customer service, and the collection of precious metal coins and bars they have on offer. 

    Orion Metal Exchange stands out from the competition by being affordable, flexible, and trustworthy. Additionally, they managed to prop up their reputation with more than a few awards and being members of prestigious business organizations.

    Fees 

    Let's examine the fee structure of Orion Metals Exchange.

    • $250 is the one-time setup charge from the IRA custodian.
    • Fees for management, insurance, and storage each year: $175.
    • $10,000 is the minimum required investment.

    Final Thoughts

    Orion Metal Exchange provides numerous options for precious metals IRA investments. They offer spot prices, high-quality service, and speedy home delivery. But keep in mind that before investing, it’s judicious to consult an expert and consider other available options before making a final call. Still, you really can’t go wrong with Orion Metal Exchange.

    FAQs

    What precious metals are available through Orion Metal Exchange?

    They offer gold, silver, platinum, and palladium coins and bars.

    Is it possible to purchase precious metals and keep them in a home safe?

    Yes. You can get secure home delivery, ensuring your order reaches you without any issues. They can also assist you with selecting the best alternative for home storage.

    What is the purchasing process at Orion Metal Exchange?

    The Orion website allows you to purchase gold coins.

    How much money can I contribute to my Orion Precious Metal IRA account?

    The maximum annual contribution for those under 50 is $6,000. A $7,000 cap applies to anyone over 50.

    About the author Greg Lorenzo

    Greg is a financial expert who has been advising his audience on loans for over 10 years. He has a wealth of knowledge and experience in the area, and he is passionate about helping people get the best possible deal on their loans. Greg is an expert in negotiating loans, and he has a proven track record of getting his clients the best possible terms. He is also a strong advocate for financial literacy, and he regularly gives workshops and seminars on the topic.

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