Do you plan to purchase gold, silver or other valuable metals? You may be thinking about investing in a gold IRA. Orion Metal Exchange is a good option worth exploring. Orion Metal Exchange is a full-service precious metals investment broker and in 2020, Retirement Lifestyle named them the best of the best. They have coins and bars made of gold, platinum, palladium and silver.
Regarding retirement planning, the firm also provides IRAs for precious metals like gold and silver. As Orion Metal Exchange CEO Jacob Blalock stated, Recognition by Retirement Living is an honor and a symbol of a committed, coordinated team effort.
The Trust Pilot rating for the firm is a perfect five stars. Consumer Affairs named Orion Metal Exchange a Top gold IRA Precious Metals Business in 2017 and 2018. This firm has a combined experience of half a century and its main goal is guiding customers toward the most suitable precious metals investment opportunities.
Orion Metal Exchange is a great way to diversify your investment portfolio with little risk. Precious metals can be stored with the firm for up to three years and no expenses are associated with the initial setup or the transfer to an IRA.
It provides flexible storage solutions to meet your needs. This Orion Metal Exchange review will go into the services the firm offers so you can determine if they are a good fit for you.
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History and Background of Orion Metal Exchange Company
Orion Metal Exchange, founded by Jacob Blalock in 2017, is a recent entrant into the gold and silver trading markets. Despite that, it has been wildly successful. The organization, which has its headquarters in Los Angeles, California, states that its employees have more than 50 years of expertise in the precious metals industry between them.
Hundreds of happy customers have left glowing testimonials, helping to establish it as one of the best precious metals merchants in the country. The organization caters to a wide variety of requirements for buyers of precious metals such as:
With the company's help, investors can diversify their portfolios. If you have gold or silver coins that you want to sell orion Metal Exchange will provide you with an excellent buying offer. You can also get advice from the firm's experts if you want to purchase.
It caters to investors worldwide, not only those in the United States, by providing a range of precious metals and IRAs. Each investor is provided with a dedicated account representative. You will be assigned a personal representative to assist you in making informed investing decisions.
You may ask them everything you want to know about investing in precious metals and they will gladly assist you in making the proper decision. Your account manager will also stay in touch to keep you apprised of any economic or stock market developments that may impact your portfolio.
Investors favor Orion Metal Exchange because it provides more options than other precious metals and IRA firms in the United States. You may convert your current Individual Retirement Account (IRA) into a gold IRA or other precious metals investments through the firm.
The Professional Coin Grading Service (PCGS) has certified Orion as authentic. The Numismatic Guaranty Corporation (NGC) and the Industry Council on Tangible Assets (ICTA) standards are also followed.
This firm is worth investigating if you want assistance investing in precious metals. With their assistance, you may buy confidently, knowing that your purchasing items have been fairly evaluated and priced.
Products and Services
Orion Metal Exchange offers various services:
The firm deals in various sizes of gold, silver, platinum and palladium coins. It also deals in coins and bars in fractional sizes. All items the firm sells, including gold and silver bullion, will be certified by companies like PCGS or NGC.
Gold IRA Rollover
If you have a 401k account, you may roll it over into a gold IRA or other type of precious metals account through Orion Metal Exchange. The process is simple: your money is rolled over into an IRA held by the firm. You may then choose how to invest your money in precious metals.
The firm offers customers a variety of precious metals IRA rollovers. You may roll over funds into a traditional IRA or Roth IRA. You may also roll over funds into a precious metals IRA. The nature of these investments is based on your personal preferences and you will be guided every step of the way.
Gold & Silver Coins
You can choose from bars, coins and rounds regarding gold and silver coins that are available for sale by Orion Metal Exchange. The firm sells gold and silver in a variety of sizes, including:
The coins and bars the firm sells are certified, so you can feel confident that they have been authenticated before being sold. It's also important to note that each item has a value assigned to it by a third party such as NGC or PCGS.
Precious Metals IRAs
Orion Metal Exchange allows customers to make precious metals IRA accounts that are available to hold gold or silver. Gold or silver is deposited into your account and you will ensure the items are stored safely. You are provided with full insurance to ensure you don't lose precious metals, which is not always guaranteed with regular IRAs.
Let's have a deeper look at the firm's gold IRA.
Orion Metal Exchange Gold IRA
This account holds different precious metals, including gold, silver and platinum. Instead of having financial investments like bonds or equities, a gold IRA holder stores actual gold coins or bars. There is no difference between a standard IRA and a gold IRA regarding tax deferral.
Gold isn't the only precious metal that may be used in an IRA; platinum, palladium and silver are also acceptable alternatives. Storage space is needed for the precious metals utilized in individual retirement accounts.
The Internal Revenue Service (IRS) mandates that individuals with gold IRAs store their precious metals safely with a third-party custodian such as a brokerage business or a bank.
While handling gold IRAs, custodians must adhere to the IRS's strict regulations on the safety of assets, accounting and reporting. Regarding gold IRAs, one of the most trusted names in the industry is Orion Metal Exchange.
How Orion Gold IRA Works
The Orion Metal Exchange gold IRA allows you to store bullion bars and gold, platinum, silver and palladium coins in a physical form while still benefiting from a tax-deferred savings account.
The firm will walk you through the steps of opening the IRA from start to finish. The gold IRA can be funded with new funds or a rollover from another retirement account. Popular goods like Silver Eagles and American Gold are among the many IRS-approved precious metals available from this firm.
An Orion gold IRA's tax treatment is identical to a conventional IRA's. This implies you can get a tax break on your salary by putting money into an IRA. Until you reach the age of 59½, you won't be able to access your funds. If you do, you'll owe taxes on the money, plus a 10% penalty for cashing out too soon.
At the age of 70½, you are required to start taking taxable withdrawals from your traditional IRA. Because you previously paid taxes on your contributions to a Roth IRA, any money you take from your Roth gold IRA is entirely tax-free. You are not required to start taking withdrawals after you reach age 70½.
Pricing Information
As a result of their low prices, many investors choose to deal with Orion Metal Exchange. Depending on where your precious metals are stored, the firm charges a yearly cost of $75 to $100.
Insurance is already built into the cost of storage. To buy precious metals, you'll need at least $5,000. To make the most of the deals, you should put down at least $30,000.
If you spend $30,000 with Orion Metal Exchange, you'll receive a year of free storage, insurance and a custodian. There is no yearly charge for the agreement.
Reputation and Ratings
Orion Metal Exchange has a very good reputation in the online metal trading community. Many traders report having had outstanding experiences dealing with Orion Metal Exchange, citing fast, reliable service and competitive prices on various metals.
Customers have been very satisfied with the customer service they've received and have praised the quick response time. Reviews of the platform generally reflect these positive experiences, with many customers giving Orion Metal Exchange a rating of 4 or 5 stars.
In addition to its customer reviews orion Metal Exchange has received positive reviews from industry professionals. They have been praised for their wide selection of metals and services and the platform's ease of use. Industry experts have also noted that Orion Metal Exchange is a reliable and secure platform for conducting trading activities.
To further reinforce its reputation orion Metal Exchange is a member of the National Futures Association (NFA) and is registered with the Commodity Futures Trading Commission (CFTC). This ensures that Orion Metal Exchange follows all applicable rules and regulations for trading. They are also registered with the Better Business Bureau (BBB), which provides additional customer protection.
Customer Service
Customer service is dedicated to providing customers with the best possible experience. They strive to be the gold and mining industry's premier customer service provider. The firm's mission is to provide its customers with the highest quality service, timely response and resolution to their inquiries and assurance that they receive the most competitive pricing.
At Orion, their customer service representatives are trained to provide superior customer service. They are knowledgeable and experienced in metal and mining and deeply understand the industry. They are available 24/7 to assist customers with any questions or concerns.
The customer service representatives are committed to providing prompt and accurate information and resolving any issues in a timely manner.
In addition to their customer service representatives orion offers various online resources and tutorials. These resources give customers an easy and convenient way to research metal and mining topics and get their desired answers. Their tutorials cover metal trading, investing industry analysis, trends and metal pricing and analysis.
They also have a team of experts available to provide personalized advice and guidance to their customers. These experts are available to provide customized recommendations on metal and mining investments and information on industry trends and news.
Why You Should Consider Investing in Gold IRA
There are several reasons why gold remains a popular investment. Gold is the ultimate haven asset, an anti-inflation hedge throughout history.
Diversification of Your Portfolio
A powerful advantage of investing in gold is its diversification. When you invest in a traditional IRA and your financial future, you diversify your investment portfolio by spreading it out over various stocks, bonds, mutual funds and ETFs.
But most investors are only diversified in traditional assets subject to the stock market's ups and downs. A small percentage of their investment accounts is placed into gold to hedge against inflation.
Gold's proven track record is a major asset during times of uncertainty and volatility, which have been common over the history of markets. At these times, gold is typically one of the safest investments because it has so much value and stability.
By investing in gold for your IRA, you are diversifying your investment portfolio and spreading out the risk. If the stock market takes a downturn or slumps for a while, you won't be solely responsible for losing all of your investment capital.
Hedging Against Inflation and Deflation
For a long time, investors have seen the value of their savings erode with inflation. But gold has remained a reliable investment because it has steadily increased in value despite inflationary pressures.
By investing in gold for your IRA, you are hedging against the effects of inflation and deflation that can destroy the value of your savings. Gold is easily one of the best ways to hedge against these inflationary pressures.
Pricing Stability and Limited Supply
Gold has been prized throughout history for its durability, versatility and stability. Its popularity has stayed consistent over the ages as it maintains high demand and value.
Gold is an infinite resource but very difficult to access. Other commodities like oil, copper and other minerals are also scarce and in high demand. However, if you invest in gold, you're increasing your portfolio diversification and protecting yourself from potentially volatile asset markets.
Versatility
Gold has many uses that complement the needs of modern society. It can be used in jewelry and decoration or as a currency. Modern technology has made these uses more practical, but it still serves as a means of wealth preservation.
Gold's versatility is crucial for IRA investors because it can be used to increase the value of their investment portfolio. In addition to adding value to personal savings, gold can be used for international trading by investing in precious metal stocks and ETFs. Gold is also ideal for financial and estate planning, as it can be purchased and stored in many forms and shapes.
Tax Advantages
The tax advantages of investing in a gold IRA greatly outweigh the time and effort that goes into doing so. Gold can be purchased from many places and finding someone willing to help you is easy.
When you invest in gold for your IRA, you can take advantage of valuable tax benefits that aren't available with traditional investments. You can deduct these purchases from your taxable income, which can help reduce your overall income tax liability. You also get a deduction for the monetary value of the gold you purchase, which can be used as a tax-free IRA contribution.
Bottom Line
The profit potential is in gold's impressive track record, versatility and ability to hedge against inflationary pressures. Add in the benefits of the tax-free status of an IRA investment and you have an investment option that outperforms other mainstream investments.
Gold IRA can be a great investment for your IRA because it has a proven track record that has stood the test of time. Gold has many uses and can be used in many different ways. And because it serves as a hedge against inflation, it's an attractive investment for the long-term investor.
Orion Metal Exchange company is a good option for investing in precious metals, especially gold. It is a leading precious metal retailer in the U.S. and is one of the top brokers worldwide for the wholesale trade of gold bullion. They have been providing precious metal investors with a unique source of retail gold bullion since 2017.
However, we have other best gold IRA companies which we highly recommend you work with, as they are the most reliable and trustworthy in the business. They provide a great service and their gold IRA services are second to none. These companies are accredited in all aspects, from the gold bars and coins they buy to the custodian responsible for your precious metals.
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