Founded in 2017, Orion Metal Exchange is a trusted name in the precious metal investment sector in Los Angeles, California, USA. With a history of over fifty years in the particular metal arena, Orion Metal Exchange deeply values the security of its customers' investments.
The enterprise guides its clientele in diversifying its portfolio with notable metals such as gold, silver, palladium, and platinum. Additionally, they facilitate the initiation of precious metals IRAs, enabling clients to tap into the tax advantages linked with IndividualAccounts (IRAs).
The experts at Orion bring vast knowledge to the table. So, their support crew promptly addresses your concerns when you reach out for assistance. Most importantly, precious metals stand resilient, even amid economic downturns. Nevertheless, doing thorough research before diving into such investments is wise. The ensuing review will provide insights into Orion Metal Exchange and highlight the merits of partnering with them for precious metal investments.
Often referred to as Gold or Silver IRAs, a precious metal IRA operates as a self-steered IRA. Instead of putting your money into stocks or bonds, this IRA lets you invest in silver, gold, and other select metals. Such investments in metals like gold and silver protect against the unpredictable swings of the stock market, which could potentially drain your savings in mere days or weeks. These self-directed IRAs empower you with more flexibility in investing your money. They help folks prepare for their retirement while also broadening their investment horizons.
Established in 2017 by Jacob Blalock, Orion Metal Exchange emerges as a versatile precious metals entity. They specialize in trades, sales, and the secure housing of bullion bars, numismatic coins, and bullion coins. Their online portal offers real-time insights on precious metal prices and the latest coin rates. Orion presents several storage solutions for precious metals to investors: Individual Retirement Accounts (IRA), fortified vault (depository) storage, and residential storage.
IRA - Ideal for those who pool their select metals in an IRA. Orion assists in setting up a dedicated IRA for precious metals, and if you already have an IRA, they guide you through the rollover process.
Home Secure Storage: Orion aids investors in selecting the optimal home safes to protect their treasures. This option resonates with those desiring to house their silver, gold, and other valued metals within their homes.
Depository Vault Security: A storage vault is a trusted option for those opposed to storing metals at home. It's a widely acclaimed and robust storage method. Orion recommends vault storage solutions like Brink's, catering to global and local needs and ensuring sound and safekeeping.
Even if an IRA is off your radar, Orion can assist in coin acquisitions. They enable you to amass diverse metals, offering gold, silver, platinum, and palladium. While most coins hail from the U.S., other minting nations encompass the UK, Canada, and Australia.
At Orion Metal Exchange, you'll always feel supported and valued when gearing up to establish your IRA for precious metals. As you embark on creating this new IRA, any questions that arise will be swiftly addressed by the dedicated Orion team.
The first step is deciding how to fund your Gold IRA. You can roll over an existing retirement plan or use liquid cash as funding. Discussing this with your representative is crucial since your funding choice will dictate the next moves. The amounts you add to this account are eligible for deductions from your federal taxes, similar to standard IRAs. Only when you begin to pull funds from the performance Will tax implications kick in?
Remember, you can't access the funds in your Gold IRA until you're 59.5 years old, as per IRS guidelines — a standard for all IRAs. If you choose to draw funds earlier, you'll incur a 10% penalty and owe taxes on the withdrawn amount.
By the time you reach 70.5 years, the IRS mandates that you start taking withdrawals from your IRA. These will also be subject to taxation. The IRS has set specific minimums based on your age and account balance, and this rule holds for all IRA types.
If you've set up your Gold IRA through Orion, they won't charge you for the setup or any transfer fees. Moreover, they offer a generous three years of free storage for your valuable metals, a rare perk in the metals industry.
Every financial venture, including investing, comes at a price. The same holds true for precious metals. These metals are an investment option since they incur storage and shipping fees. Unlike intangible assets like bonds and stocks, precious metals are tangible, necessitating secure storage.
Orion partners with entities responsible for safely storing and transporting valuable items, whether gold or silver bars or coins. Depending on your investment's worth and chosen storage method, Orion Metal Exchange's annual fees range between $150 and $225.
Orion's platform is geared towards educating its clientele about the intricacies of precious metal investments. A standout feature on their site is the "charts" section. Here, precious metals' historical and current price trends are available, helping investors monitor their investments effectively. Along with these vital price details, they've got a news corner. It keeps users updated on the prospects and behaviors of different precious metals. Articles are organized by release date, but if you're after something particular, their search function is your friend. Simply essential in the relevant terms of what you're seeking.
For many, the realm of precious metal investments remains uncharted territory. Many folks stepping into the world of Gold or Silver IRA investments with Orion are novices in this field. Recognizing this gap, Orion unveiled its complimentary gold toolkit.
This toolkit demystifies the nuances of Gold and Silver IRA, offers insights on which gold or silver items to integrate into your portfolio, and elucidates the entire precious metals investment process. Grab this toolkit on the Orion Metal Exchange website. When you request your toolkit, you'll also be enlightened about special offers from the firm. Moreover, there's an opportunity for clients to be eligible for up to $2000 in precious metals.
Life sometimes follows our plans. After diving into silver or gold investments, unexpected events like health issues, job loss, or second thoughts might make you question your decision. Orion understands life's unpredictability. That's why they stand behind a reassuring buyback policy. If ever you decide to return your precious metal assets, Orion ensures a smooth, swift selling process for your peace of mind.
Orion's digital platform is designed to guide clients smoothly through the transition of IRAs into investments in unique metals. When you're ready to venture into precious metal investments, their website presents a versatile platform tailored to your needs. Depending on the type of account you're aiming for, you can keep your distinct metals in tax-deferred portfolios.
A robust support team is vital to a thriving business. When customers feel valued, they come back and can also become ambassadors for your brand. At Orion Metal Exchange, the customer care crew excels in guiding and assisting investors. To connect with them, dial 1-800-559-0088 or visit their website's "Contact Us" section.
For newcomers in the investment realm, determining whether Orion stands as an authentic enterprise or a deceptive ruse can be daunting. Why? Because there's an absence of details about its leadership on the official platform. Moreover, renowned review platforms like Yelp and Trustlink don't feature this entity.
Yet, when you pivot to ConsumerAffairs, Orion shines with a 4.8-star rating based on 90 individual feedbacks. On Trustpilot, it boasts a 4.7 rating from 85 client testimonials. Recognize that ConsumerAffairs and Trustpilot are trusted hubs where real users share their experiences with diverse firms.
Given Orion Metal Exchange's commendations exceeding 150 on these trusted platforms, one can confidently vouch for its authenticity. Positioning itself as one of the frontrunners in the U.S. rare metals sector, it's far from a scam. We anticipate its recognition on platforms like Yelp in the foreseeable future.
Hailing from LA, Orion Metal Exchange emerged 2017 as a distinguished trader of unique metals. With an exquisite assortment of Gold, Silver, Platinum, and Palladium, it caters to those eager to delve into precious metal investments. At Orion, a dedicated squad stands ready to walk you through each phase, ensuring you fortify your financial holdings for a stable future. They pride themselves on their affordable fee structure and timely market insights, ensuring you're always up-to-date on your investment's trajectory.
Michael "Mike" Goldstein, CFP®, ChFC®, is the Founder and CEO of SecureGold Financial Advisors. With over 20 years in the financial industry, Mike specializes in Gold IRAs and precious metal investments. Inspired by his family's history and the financial wisdom of his grandfather, Mike is passionate about helping individuals secure their retirement through stable and guaranteed assets. A Certified Financial Planner™ and Chartered Financial Consultant®, he's a trusted voice in the financial community.