Good Money Metals Review

Founded in 2010 and located in Eagle, Idaho, Money Metals is a trusted dealer of precious metals that offers online sales, secure storage, monthly accumulation plans, and a news and education center. It’s known for its competitive pricing and focus on customer education, making gold and silver investment more accessible to a wider range of investors.

Customers can shop online or over the phone and can place their orders in whatever currency they choose. Bank wire transfers are preferred for larger purchases due to lower processing fees, but credit cards are also accepted. The company’s website is easy to navigate and features helpful resources for new investors.

The site includes testimonials and case studies detailing successful investing strategies, along with expert opinions from seasoned financial professionals. This can help new investors build confidence and develop an effective investment strategy that suits their specific goals and market conditions.

Unlike many of its competitors, Money Metals does not advertise “rare,” collectible, or numismatic coins that have markups much higher than their actual melt value. The company believes that most people who invest in gold and silver are not collectors, so it strives to offer the lowest possible price on bullion items. Its prices are often significantly lower than the average national seller.

While a number of the company’s policies and procedures are designed to protect its customers, some issues have arisen. In one instance, a customer complained that she didn’t receive the order she placed. Her tracking said the shipment had been delivered to her front door, but she never received it. She called the company to report the issue, but wasn’t able to get a satisfactory answer.

Aside from these minor concerns, most customer feedback is positive. The company has an A+ rating with the BBB and an impressive 4.3 out of 5 stars on Trustpilot, with far more satisfied customers than dissatisfied ones.

Another feature of the Money Metals platform is its lending program, which allows investors to borrow against their IRA assets. Those who store their metals in the Eagle, Idaho facility can take out loans starting at $25,000 and up to 75% of their total valuation. The company offers flexible terms, a quick application process, and a no-cost appraisal service.

In addition to its lending program, Money Metals also offers a leasing program. Customers who lease their gold and silver can reinvest the interest earned in additional ounces of the respective metal, compounding their wealth over time. This is similar to how an investor can earn a return on a savings account with the power of leverage. To see an example of how this works, check out this client statement that shows increasing ounces over time.