Midwest Bullion Exchange Review
Are you on the verge of losing your lifesavings due to the dying US dollar and chaotic economy? Many people already have and that’s why more people are turning to the security of physical gold and precious metal assets.
Instead of hoarding gold and burying it in the backyard, serious investors work with online gold and precious metal custodians to safeguard their investment and IRAs while ensuring that they remain as profitable as possible.
Today we’re going to go over Midwest Bullion Exchange, a relative newcomer to the gold investment scene, and see how they stack up as a precious metals broker and a gold IRA custodian.
Midwest Bullion Exchange fulfills the three most important tasks of a gold and precious metals custodian:
- Buys the gold the IRS approves
- Sets up a self-directed IRA
- Stores the gold somewhere safe
They also have a decent variety of products to choose from, including a nice selection of gold bullion bars.
One thing that really stands out about their product selection is the fact that they seem to place a much stronger emphasis on sliver rather than gold.
This is due to two interesting products they offer:
- Junk Silver Bags (a big bag of silver coins)
- The Monster Box (basically a big box of silver coins)
Both of these products are something that only hardcore silver investors would probably be interested in but it is still nice to have the option.
Another nice service is the “Charts and Graphs” section of the Midwest Bullion Exchange website where you can find data on the value of gold, silver, platinum, and palladium. Though keep in mind that if you’re not familiar with the nuances of precious metal investing these charts may just seem like gibberish to you.
Moving on let’s get into the customer feedback section of this Midwest Bullion Exchange review.
To be honest, there isn’t a lot of customer reviews for Midwest Bullion Exchange that I could find.
Here is one of the few that I did turn up, an investment management firm who uses the company to help their employees and clients:
“We’re an investment management firm that has personally used Midwest Bullion for the purchase of not only our own employee’s purchases of Gold and Silver, but have had clients whom have purchased from them successfully. They are very professional, trustworthy, and ship on time. Highly recommended.” – Strong Investment Management Newport Beach, CA
This customer had shipping issues with Midwest Bullion Exchange but remained satisfied with their service:
“I bought a couple of bags of mixed junk silver. At the time I ordered I was told that shipping times were about 10 days (since junk silver was in high demand). After 8 days, Scott (from Midwest) called and apologized for the delay, saying that he was having trouble getting the bags from his wholesaler.
After another few days Scott called me again and said that if I wanted dimes (an upgrade from what I ordered) he could ship the next day, which he did.
All in all, Midwest was great to deal with. They were very up front about shipping times, and were more than willing to work with me to get me my product.” – Fivestringer
Something interesting I turned up was this statement in another Midwest Bullion Review:
“Review: I spoke with the president of the company, Scott Hage, who was extremely friendly and willing to answer all of my questions. Throughout our conversation he gave great tips on buying gold and silver and emphasized that he personally was there to answer my questions.” – Compare Gold Coin Dealers
Now while I admit that the actual president of a company getting on the phone and talking with customers is a kind gesture and speaks highly of a company’s customer service…
…it also says a lot about the size of the company as well.
Having only been around since 2012 I wouldn’t expect Midwest Bullion Exchange to be a huge company yet honestly but the fact that their president has the time to talk to customers directly seems highly questionable.
Here are several ratings that Midwest Bullion Exchange has received online. Keep in mind that a lot of the more trusted review sites such as the BCA, Yelp, and TrustLink didn’t have any data on this company so I had to find other sources for you.
A – BBB
5/5 – Yellowpages (based on 1 review)
4.9/5 – Gold Dealers Reviews
3.5/5 – New Gold Investments
Despite being a newcomer to the gold investment scene Midwest Bullion Exchange seems to be on a pretty good path with their selection of products and strong focus on IRAs.
However, the fact still remains that Midwest Bullion Exchange’s credibility is mostly ambiguous at this point. Only time will tell if they have what it takes to truly compete with top tier gold investment companies like Regal Assets.
This leads me to the final verdict of this Midwest Bullion Exchange Review:
Midwest Bullion Exchange is an interesting case. They seem to be making all the right moves so far but the fact still remains that they are untested and unproven as far as I’m concerned so I can’t really recommend them just yet.
I’ll definitely be keeping a close eye on this company and will keep you updated if any interesting news about them comes out.
If you’re looking for a reputable company with a proven track record of excellence in the gold investment and IRA industry, Regal Assets is definitely my #1 pick.
With over 50 years of experience in helping you protect your savings from economic factors that can eat it up and leave you with nothing, Regal Assets has earned perfect scores with trusted review organization such as the BBB, BCA, TrustLink, and many others.
If you’d like more information on how you can protect everything you’ve worked hard for with a gold IRA or how you can rollover your existing IRA into a secure gold IRA…
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