Would you like to expand your investment portfolio? Are you starting to feel nervous with all of your money in the volatile stock market? Have you heard many financial experts rave about the benefits of investing in gold, silver, and other precious metals?
If so, 7k metals may be the company you're looking for. If you'd like to learn more about the products and services they offer before making a final decision, keep reading! We'll share everything you want to know to help you make an informed decision.
What is 7k Metals
7k Metals was founded in 2016 by Josh Anderson, Roger Ball, Zach Davis, and Richard Hansen. They created the company out of a desire to help improve the lives of individuals across the globe. Their belief is that when more individuals invest in gold and silver, they will be able to gain their financial independence. The four founders have a combined total of over 100 years of experience and wanted to pass on all that they have learned along the way to help out others.
7k Metals is different from other precious metals investment companies. Whereas other companies simply offer their customers precious metals for sale, 7k Metals truly partners with its customers. They encourage customers to become more than just customers through becoming a member in the company. As members, individuals are able to enjoy greater savings on the products they purchase.
We'll go into more detail about exactly how 7k Metals works and what it means to be a member in the next section.
How 7k Metals Works
As we shared above, 7k Metals operates differently than most other precious metals companies. Their website highlights the three different options individuals have when working with the company. They are: saving, sharing, and earning.
Saving is the first benefit that 7k offers. While anyone can purchase precious metals through the website, you can also choose to sign up for a membership with the company. When you sign up for a membership, you get to purchase bullion at deeply discounted prices. There are no minimum or maximum monthly purchases required, so you'll be able to shop on your own terms.
Sharing is the next part of the 7k experience that members may choose to do. 7k Metals website highlights that fact that any time you eat at a restaurant and tell your friends about your positive experience, the restaurant doesn't give you any rewards or cutbacks.
However, with 7k Metals, it is different. When you share your enthusiasm about the precious metals, the savings, and everything else 7k Metals has to offer, you can earn rewards.
Those rewards that you earn for sharing with others can add up. Every person that you share with who decides to also sign up and become a member with 7k Metals will earn you points. You'll also earn points any time people you share with sign up for the AutoSaver Program.
Your points and members are split between two teams. Once you accumulate 500 points on each team, you will receive $500 from 7K Metals.
Many people have embraced 7k Metal's business model and are earning thousands a week with the company. A few are making so much that it has replaced their full-time income, while only requiring part-time work.
The precious metals offered through 7k Metals are divided into three main categories: 7k Selected, Dealer Direct, and Jewelry. If you are interested in learning more about the coins, bars, and exclusive jewelry pieces they offer, here is what you'll find on the website:
7k Selected Precious Metals
Dealer Direct Precious Metals
Monthly AutoSaver Program
7k Metals also offers a monthly AutoSaver Program. If you sign up for the program, you'll receive special collectible coins every month. 7k Metals employs a team of experts who search for the perfect coins to add to the monthly AutoSaver programs, so you'll always receive something special to enjoy. Each month, there will be three different coins to choose from. You can choose which one you would like, or you may choose to have all three sent to you that month.
Personal Travel Booking Portal
If you sign up for the Monthly AutoSaver Program, you'll also have access to 7k Metal's personal travel booking portal. This portal gives you access to deep savings on hotels, rental cars, and special vacations. You'll find that there are many luxurious resorts and experiences waiting for you through the portal.
Private Vault Storage
If you want to make sure that the precious metals you purchase remain safe and secure, the best idea is to store them in a secure vault. 7k Metals is partnered with a private vault company that will allow you to do just that. And, even better, you'll receive exclusive discounted rates to keep your storage costs to a minimum.
If you decide to store your precious metals in the vault, you can always change your mind. Simply request to have them shipped to you if you ever wish to take possession of your gold and silver pieces.
Are There Any Red Flags for 7k Metals?
Wondering if there are any red flags for 7k Metals? Taking a look at customer reviews can help you get a feel for how others have been treated and how you can expect to be treated should you sign up to be a dealer or a customer.
We checked with the Better Business Bureau, Business Consumer Alliance, TrustLink, Trustpilot, and Google, five of our most-trusted review sites, to see what others had to say about the company. Overall, the reviews were average to slightly above average on the three sites where we founded ratings (4.37 out of 5 on the BBB's website, and 3.8 out of 5 on Trustpilot and Google).
However, we didn't find any reviews for 7k Metals on the Business Consumer Alliance's website or TrustLink. Also, there were only a total of less than 100 reviews between the other three sites. While this isn't nothing, it also isn't that many compared to other precious metals investment companies that have thousands of reviews.
Is 7k Metals a Scam?
If you're wondering whether 7k Metals is a scam, the answer is no. It is a legitimate company that has been in business since 2016. The founders of the company, Josh Anderson, Roger Ball, Zach Davis, and Richard Hansen, are all experienced and trusted in the precious metals industry.
While 7k metals isn't a scam company, it is a multi-level marketing company, or MLM. Some individuals have strong feelings regarding MLMs and choose not to do any business with them. Of course, this decision is yours. However, if you aren't familiar with MLMs, let's look at a few of the reasons some people try to stay away from them.
While not all MLMs are that dreaded 'pyramid scheme,' they do have a structure where the individuals towards the top make more money than the individuals towards the bottom. The more people you get to sign up under you, the more money you'll make. However, they won't see the same profits unless they also get people to sign up beneath them.
Other people don't like MLMs since they don't want to feel like they're constantly bothering those close to them and asking for sales. Since many people who sign up for an MLM don't have many business connections to start, it can feel like they are pestering their friends and family for orders.
If you are looking for some of the more common bullion coins, such as American Eagle Coins or Canadian Maple Leaf Coins, you may be disappointed to find that they aren't offered by 7k Metals. While they have a few 'Dealer Direct' coins and bars, such as the Austrian Philharmonic Gold Coin or Australian Gold Kangaroo Coin, their selection is not that extensive. Many of the coins they offer are less well-known.
We also don't love that there are not as many online reviews available for 7k Metals as you can find for many other precious metals investment companies, particularly our top picks. The reviews that are out there are average, but not stellar, which doesn't help in convincing us that they're the best company to choose.
Pros & Cons of 7K Metals
The choice about which precious metals investment company you wish to work with is entirely up to you. However, there are some things that give us pause about recommending 7k Metals, such as the MLM business model, their selection of precious metals, and the limited reviews about the company. We would suggest taking a look at one of our top-recommended precious metals investment companies. What do you think? Is 7k Metals right for you?