7k Metals Review

Making investment decisions requires careful consideration, especially when it comes to your financial future. Through thorough research, I aim to guide you through this crucial process.

This comprehensive review of 7k Metals examines how the company presents opportunities for financial growth while offering strategies to build your wealth portfolio.

The company combines traditional precious metal investments, such as gold and silver, with a contemporary multi-level marketing (MLM) approach to business operations.

Whether you’re an aspiring investor or an entrepreneurial individual, this detailed analysis provides essential insights to help you evaluate if 7k Metals aligns with your financial goals and business aspirations.

Key Takeaways

What is 7k Metals?

7k Metals merges precious metal investments with multi-level marketing (MLM) strategies, creating opportunities for individuals to generate income through product sales and team building.

This business model combines traditional precious metal investing with modern earning possibilities, offering a unique approach to wealth building.

The company emerged in 2016 through the collaborative efforts of four visionary entrepreneurs: Roger Ball, Zach Davis, Richard Hansen, and Josh Anderson.

Based in Idaho, their mission focuses on providing accessible precious metal investment options while enabling additional income streams through the MLM structure.

The company operates on an MLM framework where members can purchase precious metals and earn commissions by selling products. Additional earnings come from recruiting new members and building successful sales teams.

The company’s global presence extends beyond American borders, reaching multiple international markets.

You can find 7k Metals operating across various countries including the United States, Canada, the United Kingdom, Ireland, Australia, Singapore, New Zealand, Mexico, Austria, Switzerland, Germany, and Liechtenstein.

This extensive international presence enables worldwide participation in precious metal investments and MLM opportunities, making the business model accessible to diverse populations across multiple continents.

How Does 7k Metals Work?

7k Metals operates as a platform enabling individuals to purchase, accumulate, and expand their knowledge about precious metals including gold and silver through their digital marketplace.

The platform serves as a comprehensive marketplace where collectors can enhance their precious metal portfolios with premium quality items.

Upon purchasing from 7k Metals, customers receive authentication certificates detailing the metal’s purity, weight, and source, ensuring complete transparency and authenticity of their investment.

The platform features real-time pricing updates, allowing investors to monitor their investment values efficiently through their digital interface.

For added security, 7k Metals provides vault storage solutions with round-clock surveillance, offering investors a secure option for safeguarding their precious metals.

Beyond retail services, 7k Metals functions as an educational hub, providing comprehensive resources about metal investments, numismatics, and market dynamics to enhance investor knowledge.

The company distinguishes itself through its MLM (multi-level marketing) business model. This structure enables members to access precious metals at preferential rates while creating income opportunities through member recruitment and network building.

Key Benefits:

• Exclusive member pricing on precious metals.
• Revenue generation through recruitment initiatives.
• Access to market education and investment tools.

Founded by MLM industry veterans, 7k Metals focuses on empowering individuals with investment knowledge and strategic opportunities, aiming to facilitate financial independence through precious metal investments.

The company combines traditional precious metal investing with modern network marketing, creating a unique platform where members can both invest in tangible assets and develop additional income streams through their community-building efforts.

Their business model emphasizes both personal investment growth and community development, providing members with the tools and knowledge needed to navigate the precious metals market effectively while building sustainable income opportunities.

Through their integrated approach to precious metal investing and network marketing, 7k Metals creates opportunities for individuals to diversify their investment portfolio while potentially generating additional revenue streams through their membership program.

How Much Does it Cost to Join 7k Metals’ Membership?

7k Metals operates through multi-level marketing (MLM), enabling individuals to engage in precious metals trading and recycling ventures.

What You Need to Join

Before becoming a member, you must have these essential documents:

• A business license.
• A sales tax certificate.
• Proof of insurance coverage.

What it Costs to Join

7k Metals offers two membership tiers, each providing distinct advantages:

• Basic Membership: Choose between $25 monthly payments or a single annual payment of $249. This tier provides access to member discounts, rebates, and networking opportunities.
• Premium Membership: Available at $50 monthly or $449 annually. This enhanced tier includes all Basic benefits plus additional perks and higher discount rates.

About the Travel Card

The company offers travel benefits through specialized cards:

• Basic Travel Card: For $250 annually, members receive discounts on travel expenses, including flights and accommodations.
• Premium Travel Card: At $500 annually, this option provides premium travel savings and enhanced benefits.

The Money You Need

• Starting Costs: Initial investment begins at $249 for a Basic yearly membership or $449 for a Premium yearly membership.

This membership structure allows you to choose the level that best suits your investment goals and budget.

Each tier offers specific benefits designed to support your precious metals trading journey, while the travel cards add value through exclusive travel savings opportunities.

What Type of Products Does 7k Metals Offer?

7k Metals provides an extensive selection of precious metals, catering to collectors, investors, and jewelry enthusiasts.

Their premium offerings include the Royal Tudor Beasts Bull of Clarence 2 oz Silver Coin (2023), available at $229.99 ungraded or $299.99 for mint condition specimens.

For silver investors, 7k Metals stocks basic 1 oz silver rounds priced at $27.78 individually. You can purchase a tube containing 20 rounds for $573.20.

Individual 1 oz silver bars command a slightly higher price at $28.66. While 20-bar packages were previously available, their current sold-out status demonstrates strong market demand.

Gold enthusiasts can acquire American Eagle Gold Coins, with the 1 oz variant priced at $2,470.31. A more accessible 1/4 oz option is available at $718.74, making gold investment more attainable.

The collection features exclusive items like the Wild Mongolia Mongolian Falcon 50 Gram Copper Coin (2023), available solely in premium grade at $119.99, as other grades have sold out rapidly.

Similarly, the 1/10 oz Gold Round commemorating the Battle of the Coral Sea has reached a sold-out status, highlighting the popularity of historically significant pieces.

Beyond numismatics, 7k Metals offers elegant jewelry pieces, including a 14k Gold Whale Tail Necklace priced at $219.99, suitable for personal wear or gifting.

7k Metals truly provides comprehensive options for precious metal enthusiasts, whether their interest lies in silver, gold, collectibles, or jewelry.

Collections

7k Metals’ collections encompass diverse themes appealing to various interests. The “An American Life” series celebrates influential figures like JFK and George Washington, commemorating their historical significance.

“Archeology & Symbolism” explores ancient mysteries, while “Afterlife Rites of Passage” examines historical death rituals and beliefs.

Nature enthusiasts appreciate the “Dot Art Four Seasons” and “7 Summits” collections, which showcase seasonal changes and majestic mountain peaks.

“Numismatic Icons” appeals to serious coin collectors, while “Real Heroes” pays tribute to extraordinary individuals.

Space exploration enthusiasts gravitate toward the “Solar System” series, and music fans collect the “AC/DC” commemorative pieces.

The “Asian Mythology” collection presents captivating Oriental legends. Each series offers unique pieces combining investment value with rich historical and cultural significance.

What Services Does 7K Metals Offer?

7k Metals simplifies precious metal investments by offering affordable gold and silver purchasing options. Their membership club provides access to premium metals at reduced prices, making it accessible for both investors and collectors to build their portfolios.

The company offers several notable services:

AutoSaver

The AutoSaver program delivers premium gold and silver directly to your doorstep monthly, streamlining the collection process.

You can select from distinctive collections starting at $115, $139, and $179 monthly, featuring American inventions on Silver Eagles or global beauty silver coins.

For rare collectibles enthusiasts, gold and silver state animal collections are available, enabling you to build a valuable portfolio of pure, professionally graded metals.

Gold-Backed IRA

This retirement investment option allows you to secure your future through gold, silver, platinum, and palladium investments.

The specialized savings account enables direct investment in physical precious metals rather than traditional stocks or bonds.

Through 7k Metals, you can acquire IRA-compliant metals or choose your preferred metal dealer, including options like Gold American Eagles.

Your purchased metals remain secure in third-party storage facilities, providing protection while allowing your retirement savings to grow through tangible assets, safeguarding against market volatility.

Stack & Sell

Stack & Sell provides a comprehensive platform for purchasing, authenticating, securing, and trading special coins.

This digital platform helps track your gold and silver coins, including rare specimens. Professional authentication ensures genuine acquisitions before adding them to your digital portfolio.

The system caters to collectors seeking to combine their numismatic interests with retirement planning through a secure, straightforward approach.

Soundmoney

Soundmoney offers an entry-level investment solution for precious metals without physical storage concerns.

Starting with just $1, you can convert currency into gold or silver through a digital platform offering competitive market rates without additional fees.

The system functions as a currency converter between cash and precious metals, with physical assets stored securely in designated vaults. You maintain flexibility to transfer investments, liquidate holdings, or request physical delivery.

7k Health

Through a partnership with FMA Health, 7k Health delivers affordable healthcare solutions for families. The comprehensive coverage extends to all family members, including pets.

The 24-Hour Virtual Care Plus package, priced at $39.95 monthly, offers optional dental, vision, and pet insurance additions.

This ensures continuous healthcare access for your entire household throughout the year without financial strain.

7k Advantage

The 7k Advantage program helps members combat rising costs through strategic savings opportunities. Members access discounts on essential purchases and travel expenses through Auto Saver features.

Benefits include savings on groceries, household items, pet supplies, travel accommodations, and transportation.

The program extends to major retailers like Target and Best Buy, plus local establishments, making savings readily accessible.

Supplement Income

7k Metals provides income enhancement opportunities, targeting weekly earnings of $500 or more to support families.

The process begins by sharing information and recruiting two customers to achieve Associate status. Associates receive business development training and income generation strategies within 7k Metals.

Weekly compensation increases with team expansion, creating sustainable income opportunities while helping others achieve financial growth.

Shipping and Delivery Options

7k Metals processes orders efficiently, shipping within 48 hours. Special coin orders may require up to 30 days post-payment, with customer notifications for delays. Standard metal deliveries occur within 28 days.

You can track your packages and opt for signature confirmation, which becomes mandatory for orders exceeding $500 for enhanced security.

You must report delivery issues to 7k Metals within three days to ensure proper resolution. 7k Metals disclaims responsibility for packages left without signatures per carrier instructions.

They ensure secure, discreet packaging. For returned packages due to incorrect address information, they attempt to contact.

Storage fees apply after 30 days of failed delivery attempts. Following Idaho regulations, unclaimed items may be liquidated after 90 days to recover costs.

Returns and Exchanges Policies

7k Metals maintains straightforward return and exchange policies based on product categories. Pre-shipment order cancellations within 6 hours qualify for full refunds.

Special coin returns within 30 days receive full refunds minus a 10% restocking fee. Coins must remain in pristine condition.

Jewelry returns require prior authorization and incur restocking and shipping fees. Bullion, including gold bars, maintains non-returnable status, though buyback options exist under specific conditions.

Buyback offers require acceptance within two days. 7k Metals covers return shipping for damaged merchandise. Refunds are processed through original payment methods.

Prior authorization remains mandatory for returns. Contact 7k Metals via email or phone for assistance. Monitor your account for refund confirmation.

Secure packaging, visible authorization numbers, and customer-paid shipping apply to returns. Package tracking responsibility falls to customers for undelivered returns.

Cancellation Policies

Members can terminate accounts through email or written notice to 7k Metals’ Idaho Falls office. Cancellation requests must include signature, complete name, address, and member identification. The cancellation period initiates upon 7k Metals’ receipt of notification.

Membership cancellation terminates access to exclusive services including Sound Money wallet and private vaulting benefits. Asset withdrawal rights remain intact post-cancellation.

7k Metals provides asset removal notifications and implements storage fees for retained assets post-cancellation.

Non-response within 90 days post-cancellation results in asset abandonment, allowing wallet fund usage for storage cost coverage.

7k Metals reserves rights for membership termination with 30-day notice during company closure or cessation of operations.

Customer Reviews and Ratings for 7k Metals

7k Metals, specializing in gold and silver investments with private storage options, receives mixed feedback from customers across various platforms.

• The company maintains an A+ rating on BBB with 3.98 out of 5 stars from 59 customer reviews.
• Trustpilot shows a 3.4 rating based on 40 reviews, where a significant majority (80%) awarded perfect scores, while a smaller portion (18%) expressed dissatisfaction with single-star ratings.
• On Google My Business, 7k Metals holds a 4.1-star rating from 119 reviews, indicating widespread customer satisfaction with their precious metals investment services.

Satisfied customers appreciate the educational aspects of metal investing and the secure storage solutions provided.

Some suggest that negative reviews might stem from misunderstandings about the company’s operational model.

Nevertheless, certain customers voice concerns. One notable complaint involves mandatory membership fees for metal purchases and difficulties with membership cancellation. This customer reported challenges with coin depreciation and resale complications.

The overall review landscape suggests that while most customers find value in 7k Metals’ services, some encounter challenges related to costs and customer service communication.

What Are Customers Saying About 7K Metals?

Customer testimonials highlight 7k Metals’ dual benefits in financial investment and healthcare solutions. A notable success story comes from Greg Czerniak, who assisted a young father in reducing healthcare expenses by $1,000 monthly, enabling simultaneous investment in precious metals.

Dwight and Karla Stelly express satisfaction with 7K’s nationwide healthcare coverage, emphasizing significant monthly savings. Similarly, Jeff Denson reports monthly savings of $900 compared to his employer’s health insurance plan.

These testimonials demonstrate 7k Metals’ effectiveness in combining precious metal investments with healthcare benefits, creating comprehensive financial solutions for members.

The feedback patterns reveal that while most members value the company’s innovative approach to combining investment opportunities with healthcare benefits, success often depends on understanding the full scope of services offered.

Members particularly appreciate the practical financial benefits, from reduced healthcare costs to precious metal investment opportunities.

Through these reviews and testimonials, 7k Metals emerges as a company that offers more than traditional precious metal investments, providing integrated solutions that address both wealth-building and healthcare needs.

The positive experiences shared by members underscore the company’s ability to deliver tangible financial benefits while helping customers diversify their investment portfolios.

Pros and Cons of 7k Metals

A detailed analysis of investing opportunities with 7k Metals reveals several advantages and disadvantages worth considering:

Pros:

• Diverse Metal Portfolio: The company offers extensive options for precious metals investments, including various gold and silver products in both coin and bar forms.
• Competitive Pricing: Through bulk purchasing power, they claim to provide members with advantageous pricing structures.
• Stable Investment Avenue: Precious metals through their platform can serve as a potential hedge against market volatility.

Cons:

• Significant Investment Risk: Many investors experience financial losses, making this a high-risk investment option.
• Cost-Benefit Concerns: Membership fees combined with product pricing may not justify the investment.
• Limited Regulatory Oversight: The absence of financial regulatory supervision increases potential fraud risks.

Is 7k Metals a Pyramid Scheme?

A member’s testimony highlights concerns about the business model focusing heavily on recruitment rather than product sales.

Their experience revealed that sponsors emphasized finding new members over metal transactions, citing excessive product costs as a major issue.

The member expressed skepticism about positive testimonials, suggesting they originated from individuals motivated by recruitment incentives.

Despite supporting precious metals investments generally, they advised against involvement with 7k Metals.

While not technically operating as a pyramid scheme, the business model presents challenges. Though direct selling remains possible without recruitment, the high product prices create significant sales barriers.

Profit generation requires considerable time and effort, with compensation structured through a point system requiring substantial accumulation before payout. The company maintains limited transparency regarding member earnings.

What Are the Differences Between a Pyramid Scheme and MLM?

Pyramid schemes primarily generate revenue through continuous recruitment and participant investments, operating illegally without legitimate product sales.

Multi-level marketing companies operate legally by combining product sales with recruitment opportunities, allowing earnings through both direct sales and team-building activities.

Frequently Asked Questions

Q1. Is 7k Metals a fraud?

While 7k Metals operates legally, the company receives scrutiny due to its emphasis on member recruitment rather than focusing on actual product transactions.

Q2. Can you make money with 7k Metals?

Making money through 7k Metals is possible by selling products and building a referral network, though your success largely depends on your ability to sell and maintain strong business connections.

Q3. How long has 7k Metals been in business?

Founded in 2016, 7k Metals has maintained operations as a multi-level marketing company specializing in precious metals distribution.

Q4. Who is the CEO of 7k Metals?

Sam Cook serves as the CEO and co-founder of 7k Metals, leading the company’s operations.

Q5: Does 7k Metals have any pending lawsuits?

While no major lawsuits against 7k Metals are currently reported, the legal landscape surrounding the company remains subject to change.

Conclusion

7k Metals sells precious metals and has a rewards system. However, it operates on a multi-level marketing (MLM) model, which raises some red flags.

Because it relies on members recruiting others to make money, most people lose money instead of earning it.

The company also doesn’t encourage learning about the precious metals market, which could be misleading.

Although it seems to have a good online reputation, this might not be accurate since members might leave positive reviews to attract others.

7k Metals has high membership fees compared to other options, making it less appealing. It’s not called a pyramid scheme but shares some characteristics with other MLMs, meaning it has good and bad sides.

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