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7K Metals Review | Is This a Legit Precious Metals Company?

The popularity of buying precious metals as a form of long-term investment has given rise to the creation of many companies that offer investors different ways to invest in gold and silver,

While this is a good thing at face value, it also means that there are now a lot more companies that are not legitimate and are out to scam investors of their hard-earned money.

This means, now more than ever, it is very important to properly research any precious metals dealer before choosing to invest.

This is particularly true when dealing with a multi-level marketing company such as 7K Metals.

Considering how easy it is for one to start their own business in the US, MLM companies have quickly spread throughout the entire precious metals investment industry.

In this 7K Metals review, we will look at one particular MLM company that has become quite popular when it comes to buying and selling coins.

If you are considering purchasing precious metals through 7K Metals, read this review first to help you make an informed decision.

Advisory!  Prior to diving into this review, we’d like to stress that at Investors Circle, our mission is to protect your wealth.  We know that our research reports may alter your investment decisions, so we want to be 100% sure you are investing your hard earned money with the right company!

With this in mind, we urge you to check out our list of the top five companies in this space (we found 1 that fits 99% of investors needs)

>> Click Here To View Our Updated List of the 5 Best Companies <<

See if 7K Metals made our list this year, or continue with this review below to see if they are possibly the right company for your investment needs.

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What is 7K Metals?

7K Metals Review

In 2016, Josh Anderson, Roger Ball, Zach Davis, and Richard Hansen came together and decided to create 7K Metals, a company focused on two things:

  • Providing reduced precious metal prices to its members

  • Creating a multi-level income opportunity called business-in-a-box

The company claims to be focused on providing financial freedom and security to its member, especially in the event of some global emergency, such as the Covid-19 that we recently experienced.

While it is true that investing in silver and gold bars does offer this kind of financial security, the question remains whether 7K Metals can deliver on its promises to its members.

If it turns out that this multi-level marketing company is nothing more than a pyramid scheme, the chances of every member getting something for their investment are very slim.

Since 7K Metals is a precious metals dealer, the amounts you will be dealing with are easily in the tens of thousands, if not hundreds of thousands, of dollars. With such staggering amounts, investing blindly in this company is a bad idea.

As a multi-level marketing business, investing in 7K Metals means that you will be putting not just your time and money on the line but your reputation as well.

This is because you will be required to bring in more people into the business based on your word.

If the business collapses, all the members you brought on board will not only hold you responsible but may even decide to sue you!

Stats About 7K Metals

Before buying gold and silver coins through 7K Metals, here are some important statistics about the company:

  • Has more than 1,000 five-star ratings from former clients

  • Voted 2021 company of the year

  • 7K Metals has over $1 billion in retirement asset savings

  • 5x Inc 500 winner

  • A+ Rating with the Better Business Bureau

  • AAA rating with the Business Consumer Alliance

Is 7K Metals Legit, a Pyramid Scheme, or a Scam?

If you are reading this 7K Metals review, it is probably because you want to know whether this company is a safe place to invest your money or is simply a pyramid scheme. That is not an easy question to answer right off the bat.

Even after we reviewed hundreds of online reviews of the company, many of which were glowing recommendations about the company, we are still not yet convinced about 7K Metals.

It is hard to believe that some of these reviews are not simply members of the company focused on recruiting more investors to their ranks.

Let us look at some of the facts:

  • 7K Metals is a multi-level marketing business model

  • Many MLM companies tend to be pyramid schemes or in some way misleading to investors

  • There is little evidence of members that purchase precious metals through 7K Metals

  • We could not find any compensation plan designed for people who purchase precious metals

  • The only way to make money seems to be by recruiting more members

  • This MLM company seems unsustainable because it relies on recruiting new members rather than actual product sales

Looking at these facts, it is clear that while we cannot say for sure that 7K Metals is a pyramid scheme, there are a lot of warning signs about how the company operates.

The best we can do is encourage extreme caution if you plan to invest in 7K Metals.

In general, the nature of an MLM business model is that while some members will find it very profitable, especially those who join early on, others will ultimately lose a lot of money when the structure collapses.

In other words, it’s a dangerous way to invest in precious metals and you do not want to be the only one left standing when the music stops. If you wish to invest in precious metals, it is better to choose other precious metals dealers that are established, reputable, and offer a clear service or product that is not focused on recruitment.

How To Buy and Sell precious metals Using 7K Metals

Now that we have given our opinion on the 7K Metals business model, it is still important to look at how the company is structured, and how you can make money with 7k Metals.

If you go onto the website, you can buy silver coins or gold bars by selecting the product you want and adding it to your cart. You are required to provide the name of your referrer i.e. the 7K Metals member that recruited you.

This is because for every transaction or recruitment you complete, your recruiter will get paid in the form of commission plans based on the number of members they have under their name. The same applies to you and the members that you recruit.

The money you stand to make on basic membership recruitment is usually a lot more than any returns that may come from precious metals.

This is why in the end, 7K Metals members become a lot more focused on the recruitment side of this MLM business rather than on the value of precious metals.

It is for this same reason that 7K Metals can offer the most affordable precious metals.

There is very little evidence of any gold trading or retail sales being made by the company that will justify how its members are making money.

If your only goal is to make passive income online, whether it is from direct sales of physical gold and silver bullion or not, then you could take advantage of such investment opportunities.

Investment Minimums

Unlike other dealers in the precious metal industry, to make money through 7K Metals requires you to sell memberships for a commission.

Such a model, similar to most MLM companies, means that you will have to mimic what your recruiter is doing so that you too can make money.

If this sort of investment method seems ideal to you, you will have to provide a minimum investment of $250 as well as an initial fee of $75.

You can, of course, choose to invest in a lot more than this minimum investment to help you make more profits faster, although this will also increase the level of risk.

7K Metals Structure

7K Metals is structured in such a way that on one side you have the recruiter and on the other, you have the new members. With every new recruitment and transaction that they make the recruiter will earn points based on a predefined point system.

Once the recruiter reaches 500 points they will get paid. Any new members that are recruited down the line will also result in points being awarded to the original recruiter.

7K Metals Products

While we are unconvinced about the sales or purchases of precious metals done by 7K Metals, the company nevertheless has some silver bars, gold coins, etc. listed on its website.

The following are some of the products you can expect to find:

  • Silver and gold coins

  • Silver and gold bars

  • Coin holders and boxes

  • jewelry such as cufflinks and necklaces along with some watches in their showroom

The Origins of This Network Marketing Company

One of the common traits of all MLM business models is that the companies are very similar to the nature of their founders.

In this regard, understanding the origins and founding members of 7K Metals will give a greater understanding of how the company operates.

While most pyramid schemes tend to have no real founders, this is not the case with 7K Metals, which goes some way to improving the company’s credibility.

7K Metals was founded by real members, and the following is a brief look into each founder:

  • Roger Ball only joined 7K Metals a little late in the game but has the distinct advantage of having the richest history among all the members. It is claimed that he is a billionaire thanks to the many companies he founded before joining 7K Metals, such as Ball Packing and Oil of Melaleuca Inc.

  • Zach Davis is also rumored to be on the board of directors for a lot of companies in the industry, as well as having started a number of his own. Examples of companies he has founded include Freedom Royalties LP and R Range Trading

  • Josh Anderson is not new to MLM programs, having started and run a similar company called Black Ink International. There are, however, some inconsistencies about the founding members of this company

  • There is limited information about the fourth and final member of the 7K Metals team, Richard Hansen. All we know is that he has been a collector of precious metals for over 25 years and during that time he has served as a sales director for JD Premium

Pros and Cons of 7K Metals

When making an investment decision, it pays to have a quick look at the pros and cons of the company, such as the following for 7K Metals:


  • Has some of the lowest possible price ranges in a limited market and competitive industry

  • Price stability is guaranteed

  • provides an opportunity to make lots of money online with the right number of members under you


  • MLM companies are risk and rarely allow members to make profits

  • The only way to make money is by recruiting members

  • No verifiable sales or purchases of precious metals

7K Metals Membership Requirements

If you are still interested in making money online through 7K Metals, the following are the important things you have to remember about 7K Metals membership:

  • You need to meet the legal age requirement in your country of residence

  • US citizens need to provide a social security number

  • Non-US citizens will be asked to provide proof of residency as well as their tax status

  • Complete an Independent Associate Application and Agreement and submit it to 7K Metals

Once these have been supplied, you will be eligible for a full 7K Metals membership which comes with direct pricing and member training.

Membership Fee

One of the things you have to contend with when joining 7K Metals is the membership fees. The amount you will have to pay depends on the package that you choose.

There are three basic options, as follows:

  • 7K Standard costs $199

  • 7K Standard plus costs $359

  • 7K Premium membership costs $499

Membership Packages

Let us look deeper at each of these packages, in particular, what services/products they offer to the members:

7K Standard

  • One-year membership

  • Access to low-mint collectibles

  • Authentic buyers certification

  • One initial gem uncirculated 1 oz silver coin

  • In-depth collector’s training

  • Travel savings card

  • Member direct pricing on unlimited bullion products

  • Three technology credits (3 months free and $10/Month thereafter) – tools to track your Team, recruiting app access, and 7K website

7K Standard Plus

  • One-year membership

  • One MS70 silver eagle coin

  • Buyer’s certification training

  • Access to low-mint collectibles

  • Collector’s training

  • Six technology credits (Six months free and $10/Month after)

  • Standard plus travel savings card

  • Member direct pricing on unlimited bullion products

7K Premium Membership Plan

  • One-year membership

  • Four wealth strategies books

  • Buyer’s certification training

  • 10 business cards

  • Collector’s training

  • One silver bullion

  • Member direct pricing on unlimited bullion

  • One MS70 variety silver coin

  • Premium travel savings card

  • Access to low-mint collectibles

  • 12 technology credits (12 months free and $10/Month after)

Are MLM Companies Good Ways To Invest in Gold and Silver Coins?

Determining whether or not to invest in precious metals through an MLM company is very much a personal decision that one should make after looking at the risks.

The following are the facts about 7K Metals that you need to consider:

No Evidence of Selling Precious Metals

Besides providing basic membership packages, there is no conclusive evidence that 7K Metals is involved in any sort of trading when it comes to gold, silver, platinum, and palladium products.

Yes, these products are listed on the company’s webpage, but we could not find any members who made money in this way.

7K Metals Could Be a Pyramid Scheme

There is reason to believe that 7K Metals could be a pyramid scheme or at the very least not be what it appears to be.

However, the reputation of its founders and the fact that the company has been around for several years now would seem to suggest that 7K Metals is a legitimate company.

MLM Members Lose Money

As with any MLM business opportunity, there is a high risk that you could lose money, especially if you join the business late in the game.

With 7K Metals, there is no conclusive evidence yet that people are losing money.

Some Complaints About 7K Metals

Network marketing companies usually have a lot of complaints labeled against them.

Although 7K Metals does not seem to have many of these, there are one or two complaints about orders being canceled, although these seem to have been resolved.

The Compensation Structure for 7K Metals

When anyone in the precious metal industry hears about a new MLM company such as 7K Metals, the first question that usually comes to mind is how they will make money.

With 7K Metals, the compensation plan revolves around accumulating points through recruiting new members.

The more members you recruit, the more points and ultimately, more money you will receive.

This point system ranks members according to their recruitment accomplishments, with each member vying to reach the highest ranks possible, which come with huge weekly payouts.

These ranks, based on this point system and the money you can expect in the form of weekly payments, are as follows:

  • Associate – $500

  • Copper – $1000

  • Bronze – $2000

  • Silver – $3500

  • Gold – $7000

  • Executive Gold – $10000

  • Presidential Gold – $12500

However, in a very limited market, such as the precious metal industry, reaching the highest rank of Presidential Gold is not easy unless one dedicates all their time to recruitment without paying any attention to the precious metals themselves.

Final Thoughts

This 7K Metals review was intended to give you a clearer picture of what 7K Metals is all about, how it works, and what you can achieve through this type of investment.

All the evidence seems to suggest that 7K Metals is an MLM business that requires you to be very careful in terms of how you invest and also your expectations from this company.

The possibility of losing money is very real. However, if you find the membership recruitment structure of 7K Metals appealing, you could make a lot of money through this type of investment.