MetalStacks is a precious metals collectors club that offers members the opportunity to purchase gold and silver at discounted rates, aiming to make the acquisition of precious metals more accessible and affordable.
Membership Options
MetalStacks provides two primary membership levels:
- Wholesale Membership: For an annual fee of $249, members can purchase precious metals at wholesale discounted prices.
- Dealer Direct Membership: At $499 per year, this tier allows members to buy metals at dealer direct pricing, which is the cost price from leading metals providers.
Additionally, for $99.99 per month, members can enroll in the Auto Stacker Program. This program delivers a hand-selected, MS70 graded 1-ounce silver coin to members each month and includes a personalized retail website for earning commissions through referrals.
Pros of Membership
- Cost Savings: Members benefit from reduced prices on precious metals, potentially making investments more economical.
- Auto Stacker Program: This feature automates the process of building a precious metals portfolio by delivering graded coins monthly.
- Business Opportunities: Members have the option to earn commissions by referring others, adding an income stream for those interested.
Cons of Membership
- Membership Fees: The initial and ongoing costs may be a consideration for potential members, especially if the benefits do not outweigh the expenses based on individual investment goals.
- Limited Online Presence: Some users have noted a scarcity of information and reviews about MetalStacks online, which can make it challenging to assess the company's reputation. For instance, a Reddit user mentioned, "I’ve never used metalstacks before so wanted to see if anyone on here has used it or if anyone knows a better place I can get a 1 oz silver bangle." Lack of BBB Accreditation: MetalStacks LLC is not accredited by the Better Business Bureau (BBB), which some consumers consider when evaluating a company's credibility.
Customer Feedback
Customer reviews are mixed. On eBay, MetalStacks maintains a 100% positive feedback rating, with buyers praising the accuracy of item descriptions and prompt shipping. One customer noted, "Good transaction. Item as advertised, packaged well, shipped on time and at a fair price."
Conversely, discussions on platforms like Reddit reveal hesitancy among potential customers due to limited information about the company. A Reddit user expressed, "I’ve never used metalstacks before so wanted to see if anyone on here has used it or if anyone knows a better place I can get a 1 oz silver bangle."
Conclusion
MetalStacks offers a structured approach for individuals interested in investing in precious metals, with membership options tailored to different levels of involvement and investment. While there are clear benefits, such as cost savings and business opportunities, potential members should weigh these against the associated fees and the company's limited online visibility. As with any investment, conducting thorough research and considering personal financial goals are essential before committing to a membership.