The Great Recession together with its consequences such as a weak US dollar, unstable economy and hyperinflation have urged many people to move their financial assets from the traditional one to other shelters such as physical gold and precious metals. Those investments are available in one rising market, which is the gold IRA.
In this review, we could introduce to you a rather new company in this industry, the Midwest Bullion Exchange, and find out how its strategy could help you protect your money as well as gain profit from your investment.
Like other typical gold and precious metals dealer, Midwest Bullion Exchange possesses all basic and most important functions of a gold and precious metals custodian:
- Buys the gold the IRS approves
- Sets up a self-directed IRA
- Stores the gold somewhere safe
However, that’s not all what this company provides. It also has a wide range of products to choose, especially the gold bullion bars. It is also noticeable that Midwest Bullion Exchange prefers trading with silver than gold as their product list include two very exciting offers which are in favor by many experienced silver investor:
- Junk Silver Bags (a big bag of silver coins)
- The Monster Box (basically a big box of silver coins)
If you want to do a research about values of gold, silver, platinum or palladium, you might find this exclusive feature on the Midwest Bullion Exchange website interesting. It is the “Charts and Graphs” section which stores all the information you need. However, please notice that if you are a novice, then those would not help much.
This part in the Midwest Bullion Exchange review is reserved for the customer comments, in which we would see how customers evaluate its performance. To be honest, I could not find many reviews online for this company so below are some that I came across:
The first customer is an investment management firm which has quite nice experiences with the Midwest Bullion Exchange as it cooperated with this company to assist their staffs and customers:
Though dealing with some shipping issues, this customer still feels pleased with this company services:
There is one very exciting review that I would like to introduce to you:
The funny thing is that you could feel pleased if having chance talking with the president of a company. It happens not very often and it is quite meaningful. However, it also reveals many things about the size of their business as well. Well, it can be understood as this company has just been set up since 2012 so we would not expect many things. However, the fact that the president of a company spends time talking with a customer poses many questions for me.
Next, we would see the ratings from other websites. Please notice that with this company, we cannot find reviews from prestige sites such as the BCA, Yelp, and TrustLink. Therefore, you should consider those ratings as reference only:
Here is my score for Midwest Bullion Exchange: 6/10
Although this is a rather new company, Midwest Bullion Exchange has a good product list and a clear path which focuses strongly on IRAs. However, this is uncertain that whether this company is reliable or not as we could not determine the credibility of a company founded in 2012 since not many reviews or customer experiences have been shared publicly, leading to its mediocre score.
Overall, I think Midwest Bullion Exchange is a very promising company but of course, it is too soon to say anything. Therefore, we should be patient and keep an eye on its activities. Not until it credibility is proven would I begin trading or recommend them.