Orion Metal Exchange Review

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Are you considering moving some of the funds in your retirement funds into a gold IRA? Are you looking for a company to help set up a gold IRA? You should consider Orion Metal Exchange. 

They've helped a lot of people roll over or move their existing retirement funds into Gold IRAs, and they can do the same for you.

Learn more about the Orion Metal Exchange by reading our in-depth evaluation below, which will help you determine if you're ready to contact them for assistance with your new Gold IRA. 

Many people consider gold IRAs a safe investment that will protect their financial security in retirement. Some of your assets should be held in precious metals such as silver and gold to safeguard your life savings.

The volatility of the stock could wipe away your life savings in a matter of days or weeks.

Before we get started with this review:

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About Orion Metal Exchange

Orion Metal Exchange is a precious metals firm headquartered in Los Angeles. Through the company, clients can invest in gold, platinum, silver, and palladium, among other precious metals.

It also assists investors in establishing precious metals Individual Retirement Accounts (IRAs). IRAs allow people to invest in precious metals and receive the tax benefits that IRAs traditionally offer.

Services

Orion Metal Exchange is a company that enables people to invest in precious metals while also helping investors manage their precious metals IRAs.

Precious Metals IRA

Orion Metal Exchange will assist you in opening a precious metals Individual Retirement Account if you wish to set yourself up for retirement by investing in precious metals. 

IRAs are a sort of retirement plan that provides tax benefits to those who use them to save and invest for retirement. Traditional IRAs allow you to deduct any money you contribute to your retirement IRA investments from your income when filing your taxes.

As such, you can pay reduced taxes during the period when you contribute to your IRA. You'll pay taxes when you take money from the IRA account in your retirement when your tax rate is expected to be lower. 

In IRA accounts Orion Metal Exchange can assist investors in purchasing, storing, and selling precious metals. You can fund your account with cash and engage the firm to aid you in buying the metals you want.

Gold, Silver, Palladium, and Platinum Products

four gold coins

You can still acquire coins through Orion Metal Exchange even if you don't want to establish a precious metal IRA as part of your investment in precious metals.

The firm allows customers to buy gold, silver, palladium, and platinum, allowing them to develop a diverse precious metals portfolio. 

The range of coins available for purchase have been minted in:

-The United States
-Canada
-Australia
-The United Kingdom 

That said, most of the precious metal coins available for purchase originate from the United States. 

One of Orion Metal Exchange's main failings is the lack of online transaction capability. You cannot place an order or fulfill purchases via their online platform. Additionally, many of the coins' prices aren't visible on their website.

You must contact and speak with a representative to obtain pricing information on their precious metals and/or make an order.

Costs

Like any other financial service and investment management service, investing and buying in precious metals has a cost. However, unlike traditional financial services, you have to take into consideration the storage and transportation cost of the precious metals. 

Bonds and stocks do not typically involve the handling of physical instruments. As you can appreciate, silver, gold, platinum, and palladium are physical items and should be transported and stored in a safe storage space. 

Orion Metal Exchange helps investors purchase precious metals and liquidate their investments. They work with companies transporting and storing valuable assets, including gold, silver, and platinum bars and coins. 

For this particular service, Orion Metal Exchange charges anywhere from $150 to $225 annually, depending on the number of precious metals you've bought. Your choice of location for the storage of your precious metals will also influence the charges incurred. 

It's important to note that you can deduct the transportation and storage fees you incur when investing in precious metal IRA from your taxes. Doing so will reduce the effective cost of maintaining your investments.

Precious Metals IRA: What Is It?

An Individual Retirement Account can be a good investment option for your retirement, depending on your investment objectives and goals. There are different types of investments you can include in your IRA.

The variety of types of investment will depend on your preference. For investors looking for alternatives to traditional IRA investments, you can opt for a Precious Metals IRA. 

Typical investments for an IRA account are mutual funds, stocks, and bonds. Many are unaware that they can have more control over a self-directed IRA. With more control over your account, you can choose what products to invest in with your IRA.

For instance, you can invest in a mixture of products such as mutual funds, stocks, bonds, and precious metals. 

Since 1975, self-directed IRA account holders have been allowed to invest in silver and gold.

Self-directed IRAs, also known as Precious-Metals IRAs, have allowed more flexibility in a retirement investment, giving account holders access to precious metals, bonds, and other products. 

Generally speaking, their self-directed IRAs offer three primary benefits:

#1:

Tax Benefits

Savvy investors use self-directed IRAs to obtain maximum tax benefits as advised by tax advisors and/or financial planners (and Orion is neither).

Just as you can use a traditional retirement account for their tax incentives, a gold IRA has a range of tax incentives you can take advantage of and the possibility to diversify your portfolio.

#2:

Flexibility

With a self-directed IRA, you choose the IRA custodian and depository to get your precious metal IRS-approved. You'll have a precious metal IRA expert to help you determine the best investment strategy for your goals.

#3:

Protection

Gold and silver have a history of growing in value when economic turmoil strikes. Investing in precious metals as a component of your retirement portfolio can protect you from potential risk as you invest.

Financial experts usually advise investors to diversify their investments to create a robust portfolio. Precious metals can give you the security you need in this regard. 

Another advantage of this precious metal IRA investment account is the ability to withdraw your precious metals in coins and bullions, owing to IRA distribution laws. 

Simply said, owning and keeping precious physical metals, including gold and silver, in a self-directed IRA is an excellent method to diversify your portfolio.

How Orion Metal Exchange Precious-Metals IRA Works

The Orion Metal Exchange Gold IRA accounts for investors to buy and hold precious metals, including bullion bars and coins of silver, platinum, gold, and palladium. Importantly, you can keep these silver and gold in a tax-deferred status. 

The firm will guide you through setting up the IRA. You can fund your Precious-Metals IRA with the rollover of your retirement account, or you can make a cash deposit. Orion also offers its customers a variety of IRS-approved precious metals.

Some popular metal options include American Gold and the Silver Eagles. 

Orion's Gold IRAs are in the same tax category as traditional IRAs. As such, you can set up your IRA contributions to be deducted from your federal income taxes. 

Another rule that applies to Gold IRA is the prohibition of withdrawals until you reach the age of 59 ½ years. Withdrawal before this age attracts a penalty for premature withdrawal of 10% penalty, and the withdrawals are subjected to taxation. 

As with traditional IRAs, when you reach the age of 70 ½ years, you should make mandatory withdrawals. The withdrawals are taxed similarly to traditional IRAs. 

For Roth accounts, the withdrawal does not attract a tax since you've already paid the tax on the contributions. Additionally, you're not mandated to begin withdrawing the funds at the age of 70 ½.

Orion Metal Exchange Storage Options

The physical nature of precious metals makes investing in precious metals IRA a tad complicated. You'll need to find a safe storage location/space to store your metals.

If you know anything about storing precious metals, you'll know it can be a daunting challenge, especially if you have an extensive portfolio of precious metals.  Orion Metal Exchange offers several storage options.

For instance, they allow you to keep them in a bank, at home, or you can opt to store your portfolio with their partner depositories. However, the availability of some of the storage options will depend on your account type.

For instance, due to federal regulations, you cannot store your precious metals for your IRA account at home.  That being said, you should note that your portfolio is in safe hands when you store it in one of their partners' depositories.

Each of their partners' storage facilities uses state of are security technology to safeguard your nest egg.

FAQ's

Why should I diversify my retirement assets to include precious metals like silver and gold?

Many investment professionals recommend that investors include gold, silver, platinum, and other precious metals in their retirement investment to benefit from precious metals' wealth protection benefits. 

It's been long-established that silver and gold are safe-haven assets that can secure your wealth and retirement. They fluctuate independently from other markets such as the NASDAQ and S&P 500. Investors who are over-exposed to paper markets will encounter volatility at times. 

If the stock market drops just a few years before your retirement, you could be left with a severely curtailed lifestyle you retire. Investing in physical silver and gold helps you diversify your portfolio.

With gold IRA Rollover, investors can use precious physical metals to secure their financial future. 

Do the funds in the gold IRA stay tax-deferred?  

Yes. Orion's Gold IRA offers the same tax-deferment benefits as any other IRA. Additionally, the same restriction on early withdrawal applies. We recommend you consult an accountant or tax attorney to learn how these limitations apply to your circumstances. 

Which precious metal should I purchase?  

Diversification is key to robust investments. To negate your risk, your portfolio should entail a good mixture of Silver, Gold, Platinum, and Palladium. 

How much of my retirement funds should I invest in silver and gold?  

While you must invest in precious metals now more than ever, most investment experts recommend your precious metal assets be about 10% to 20% of all your retirement funds.

However, with the recent volatility in the market and concerns about inflation, some investors are recommending investing more in precious metals. You'll decide what's best for you with the aid of an investment professional. 

Is there an annual maximum amount you can contribute to your precious metal IRA?  

Yes. The maximum you can contribute to your precious metals IRA when you're younger than 50 years is $6,000 per year. Investors above the age of 50 years can invest a maximum of $7,000 annually. 

What determines the premiums on silver and gold products?  

Premiums are influenced by market conditions and will fluctuate accordingly. When demand falls, premiums might fall, especially for secondary market products. On the other hand, increased demand will cause an increase in premiums. 

Is the purity of the precious metal I purchase essential?  

For standard precious metal investments, purity is not of great concern. After all, the actual value of the investment product lies in the melted value of the silver or gold you've purchased. On the other hand, the IRS requires all precious metal IRA to be a standard .995 pure. 

Can I put the precious metals I already own into my Precious Metals IRA account?  

The federal government forbids investors from adding their precious metals into their IRA. Your account must be funded through bank transfer, or they're rolled over from another IRA. 

How do precious metals IRAs differ from traditional IRAs?  

As the name suggests, Precious Metal IRA allows investors to invest in silver, gold, and platinum beyond investing in bonds, stocks, and other investments.

Conclusion

If you're looking for a precious metal investment company to assist you in investing in silver, gold, platinum, and other precious metals, look no further than Orion Metal Exchange.

They're also the go-to company if you want to set up a precious metal IRA. The company has numerous options for purchasing and liquidating your precious metals. It also has Gold IRA for investors interested in diversifying their retirement portfolios.

The Orion Metal Exchange is an acceptable company but we do not recommend them.  

They are not the best company for precious metals purchases and definitely not the best options for investors looking to protect their assets with a precious metals IRA, like other companies we have written about.

You can get a Free Gold Investors Guide from our top gold and precious metals company recommendation by clicking the link above or you can read our article of the top companies we reviewed this year:

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