7k Metals is a membership-based direct sales company that focuses on precious metals, primarily gold and silver. It offers individuals a way to buy precious metals at dealer-direct pricing, build wealth through asset accumulation, and participate in a business opportunity by sharing the membership with others.
Overview of 7k Metals:
Founding:
- Founded in 2016 by Richard Hansen, Josh Anderson, Zach Davis, and Roger Ball (founder of Melaleuca a $3.1B global business).
- Headquarters in Idaho Falls, Idaho, USA.
Purpose:
The company aims to make gold and silver accessible to everyone as a hedge against inflation, financial instability, and legacy wealth building.
Key Features:
- Precious Metals Products:
- Gold & Silver Coins: Rare, collectible, and bullion coins.
- Bars: Gold and silver bars for investment purposes.
- Auto-Saver Program: A subscription service where members automatically purchase collectible coins monthly.
- Membership Tiers:
7k Metals offers three membership levels:
- Basic Membership ($149)
Provides access to discounted precious metals and 16 exclusive member benefits like Training, Discount Buyer Portal, Gold-Backed IRA, Stack-n-Sell (limit 10 listings), and $1,000 (no fee) vault storage. - VIP Annual Membership ($269)
Includes all the benefits of a Basic membership plus $50,000 (no fee) vault storage and Unlimited listings on Stack-n-Sell. - Legacy VIP Lifetime Membership ($599)
Includes all the benefits of a Basic and VIP memberships plus the Metal Matching Bonus. That is a 1% matching bonus on all Sound Money Wallet deposits from personal enrollments.
- Dealer Direct Pricing:
Members purchase precious metals at prices closer to wholesale rates, cutting out intermediaries.
- Wealth Accumulation Tools:
- Sound Money Wallet: A digital wallet allowing members to buy, sell, and store gold and silver (Eagles, Bars) securely.
- Stack-n-Sell: A platform to scan and inventory all your collectible coins, with a daily update on the current market value.
- Buyback Guarantee: Members can sell their metals back to the company at competitive prices.
- Business Opportunity:
- Members can earn commissions through the affiliate program by sharing the membership and earning precious metals.
- Educational Resources:
7k Metals provides training on wealth strategies, the benefits of precious metals, and building a legacy for future generations.
The Buyers Certification Training will educate on hedging against inflation, what to buy, how to diversify, and understanding how to purchase precious join 7k metals.
The Collectors Certification Training will educate on the coin grading, mintage, collections, labels, and enclosures.
Compensation Plan:
The company uses a binary compensation model:
- Members build two teams (one left and one right).
- Weekly payouts are based on personal and team membership sales.
Ranks:
Members achieve rank based on sales volume over a cumulative 4-week period.
Rank / Potential Commissions
- Associate / $500 wk
- Copper / $1,000 wk
- Bronze / $2,000 wk
- Silver / $5,000 wk
- Gold / $7,000 wk
- Executive Gold / $10,000 wk
- Presidential Gold / $12,500 wk
Higher ranks require more sales volume and team growth but offer larger commissions.
Pros:
- Affordable Access to Precious Metals: Dealer-direct pricing makes it easier for members to invest.
- 24-Hour Access: Members can buy/sell precious metals 24/7/365
- Passive Savings: Auto-Saver program promotes consistent accumulation of tangible assets.
- Educational Support: Helping members understand how to leave a legacy to future generations.
- Work From Home: A business that can be done from anywhere.
- Business Opportunity: Potential to earn by sharing the membership with others.
- Business Support: Daily community-based zoom meetings to help you grow your business.
Cons:
- Membership Fees: Costs can range from $149 (one-time) to $599 (one-time), depending on the membership tier.
- Direct Sales: Success relies on talking to others, which some may find challenging.
- Niche Market: Primarily appeals to individuals already interested in precious metals.
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