Cybermetals claims to buy and sell vaulted Gold, Silver, Platinum, and Platinum on a secure electronic platform.
The company also claims to assist individuals with building a portfolio, making deposits and withdrawals, and converting to bullion products shipped to their door.
However, what investors want to know is whether the company is legitimate or a scam and if it is worth investing in them.
In this review, we will go deeper into Cybermetals’ overall performance including how they work and what products they offer.
Keep reading to find out more about them.
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What is Cybermetals?
Cybermetals was founded in 2021 as an online metal marketplace. The company takes pride in its broad product catalogue, affordable prices, and great customer service.
Cybermetals says it is dedicated to serving its customers with the utmost respect and maintaining the highest standards of honesty in the precious metals industry.
You will store your precious metals purchases (gold, silver, and platinum) securely while managing your account online. Cybermetals’ online retail partner sells and purchases gold, silver, and platinum shares 24 hours a day, seven days a week.
Customers can use the website to track and manage their metals orders, transaction history, and market pricing. If clients have any questions or concerns regarding their trades, Cybermetals offers live assistance.
How Does Cybermetals Work?
Cybermetals work as a link between customers and companies and the metals markets. Precious metals such as gold, silver, and palladium can be purchased and traded on the exchange.
Cybermetals simplify the process of buying and selling metals online. Customers can start by creating a free account on the site. They can join their account or use the site as a guest after signing up.
After logging in, registered clients can choose the metal they want to trade. The current market values of metals are also displayed on the hub.
Clients can then choose whether to buy or sell the selected metal. When purchasing metal, customers can make a restricted order at a specified price; they will fill it if the current market price equals the limit price.
By placing a market order, an individual can sell the metal at the current market price. Buyers and sellers may include a “stop loss” in their transactions.
If the metal price rises or falls by the amount specified by the customer, the transaction will be cancelled immediately.
What Products Does Cybermetals Offer?
Cybermetals is a major online retailer of precious metals such as gold, silver, platinum, and palladium. They claim to collaborate with worldwide metals organisations to provide their clients with the best value available.
Gold
Gold is the most widely used and traded precious metal. Anyone wishing to diversify their holdings can do so with the company’s various gold products.
Cybermetals sells gold bullion bars, coins, and rounds in a variety of sizes and purity levels. They are 99.99% pure and available in 1 oz, 10 oz, and 100 oz sizes.
Silver
Silver is a low-cost investment with long-term growth potential. Anyone wishing to diversify their portfolio and purchase physical assets can select from the many silver items offered by Cybermetals.
It sells silver bars, coins, rounds, and jewelry. Silver bars are available in 1 oz, 5 oz, 10 oz, 100 oz, and 1000 oz sizes and are 99.9% pure. Silver coins and rounds are available in 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz sizes and are 99.9% pure.
Platinum
Platinum is a rare and valuable precious metal, and its industrial and financial applications have made it a popular investment choice. The company provides platinum bars, coins, rounds, and jewelry.
Platinum bars with up to 99.95% purity can be purchased in 1 oz, 10 oz, and 100 oz sizes. Platinum coins are available in 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz sizes and are 99.95% pure.
Palladium
Cybermetals also offers palladium bars and coins. Palladium is a relatively rare precious metal with numerous industrial applications, including catalytic converters and electronic components.
Cybermetals Storage Option
A-Mark Precious Metals, a precious metals trader and storage service based in Las Vegas, Nevada, holds Cybermetals assets.
All customer investments are kept in A-insured marks and audited vaults, which are constantly monitored by company employees. In addition, A-Mark claims that its team ensures the safety, security, and insurance of Cybermetals’ assets.
Vault operations are monitored all of the time, and only authorized employees can go inside. Many levels of protection, cameras, biometric locks, and even face recognition technology are just a few of the cutting-edge measures in place within the vault.
The vault’s climate control systems protect investments from excessive temperatures and humidity.
Furthermore, A-Mark conducts frequent audits of its vaults to ensure that the company meets its customers’ fiduciary protection and security standards.
This audit could include a physical assessment of the vault as well as a study of the security systems and processes.
Cybermetals relies on A-Mark Precious Metals to safeguard its assets. A- Mark’s insurance, the vault’s frequent audits and monitoring, and the security measures all work together to provide it with a safe refuge for storing valuables such as gold and other assets.
Storage fees
The following are the storage fees:
- Gold: 0.12% per year
- Silver: 0.30% per year
- Platinum: 0.12% per year
- Palladium: 0.12% per year
My Recommended Cybermetals Alternative to Invest in a Gold IRA
I don’t recommend investing in a gold IRA with Cybermetals. Why? Because they don’t specialize in this area.
I recommend going with our top-rated company: Augusta Precious Metals. You can check out my review of them here.
Augusta Precious Metals is regarded as one of the most trustworthy companies in the market. Their company was founded in 2012, and their main goal is to help their clients have a better retirement.
Thousands of good reviews about their products and services can be found on numerous websites. This shows how successfully they achieve their tasks and handle their customers regardless of their needs.
Augusta Precious Metals maintains its leadership position by providing its clients with educational resources. This is excellent for people who need more field experience and understanding.
It is also significantly easier to open an account with them. You will still have to deal with paperwork, but they will assist you through the process to ensure everything is in order.
The only disadvantage of the company is its high minimum investment requirement of $50,000. Others may think this is overpriced, but rest assured that they will keep your assets and cash protected.
Pros:
- Kingdom Trust, which manages over $12 billion in assets, has been a long-term partner.
- A wide range of products are offered.
- A long list of coins
- All orders receive free shipping.
Cons:
- The minimum investment cost is high ($50,000).
What Makes Gold an Ideal Investment For Your IRA?
Invest in an Individual Retirement Account (IRA) to safeguard your retirement and the financial stability of your family.
To guarantee your future, you must devote a major amount of your long-term savings to reliable assets.
As the value of cash in an IRA depreciates rapidly and inflation rises, you need a stable asset that will retain its value and expand over time. Without question, gold is the best alternative for this purpose.
As the global economy struggles with lockdowns, shortages, conflicts, and inflation, investors are concerned. Many people invest in gold IRAs to protect their wealth and achieve a better future.
During a crisis, when other assets suffer, a gold IRA investment thrives. The greatest risk is failing to protect yourself and your family, but you can simply ensure your financial future with a Gold IRA. You achieve safety by being aware of economic risks and taking proactive steps to prevent them.
Cybermetals Review: Conclusion
Cybermetals appears to be a legitimate company which allows its customers to diversify their portfolios safely and cost-effectively.
This company is newer in the industry with limited customer reviews & ratings. It is best to make an informed decision till further information about this company is accessible.
Clients should approach with caution if they want to use or invest in Cybermetals because it is not without risks. It will also be beneficial if they examine what others have said about the firm and their experiences working with them.
However, due to a lack of solid experience and not offering Gold IRAs, I do not recommend investing with them. Instead, I recommend checking out our top gold IRA providers.
There, you can find out what the industry’s best has to offer.
Alternatively, you can find the best precious metals dealer of your state below: