7K Metals Review – Scam, Pyramid Scheme or Legit Investment MLM?

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7K Metals Review Banner

Welcome to my 7K Metals review.

You may be looking for an escape. A way out of the rat race. Or maybe you just need a break from a job you no longer like.

I can relate. 

Companies like 7K Metals claim to provide money-making strategies as well as investment opportunities that can one day eliminate frustrating commutes, unfair bosses, and annoying co-workers. 

But is it a scam?

It's not easy finding the right income and investment opportunities. My goal is to cover everything you want to know about 7K metals in this review, even if there are some things you'd rather not know.

Either way, you'll have a much better idea if 7K Metals is for you.

In this review, I'll explain who they are, what they do, how they work, and whether they can help you get what you want. More independence and financial security. 

I'll also say, this review turned out to be a lot more in-depth than I anticipated. I'm not a fan of MLM companies but with 7K Metals, there were some reasons for excitement. 

For one; they have a simple compensation plan which I'll explain in detail below…

And two; their product has real value. It's not an overhyped health product with ridiculous claims or a cheap trinket that no one needs. They sell precious metals. Real gold and silver that you'll be glad to own, even if the multi-level marketing side of the business doesn't work for you. 

But like most things, once you start peeling back the layers, you find more layers. So, here are the main topics I'm going to cover:

  • What is 7K Metals?
  • Is 7K Metals a Scam or a Pyramid Scheme?
  • How Does 7K Metals Work?
  • 7K Metals' Compensation Structure
  • Origin Story
  • Who Is 7K Metals Good For?
  • 7K Reviews and Complaints
  • What I Like and What I Don't Like
  • Where Do You Go From Here?

Please note, I am not a member or an affiliate for 7K Metals. This review has been researched with information and/or testimonials that are available online in the public domain. Any recommendations and/or conclusions are strictly opinions and may not apply to, or agree with, all persons or situations. See full disclaimer for more info

What Is 7K Metals?

7k Metals is a multi-level marketing company co-founded in 2016 by Roger Ball, Richard Hansen, Zach Davis and Josh Anderson. It provides members with reduced precious metal prices as well as a multi-level income opportunity which some members refer to as a business-in-a-box. 

They are currently headquartered at 3640 S Yellowstone Hwy in Idaho Falls, ID.

7K Metals Headquarters in Idaho Falls ID pre-signage
Source: Google (7K Headquarters prior to sign installation)

Their stated goal is to offer financial security to people, particularly in the event of a worldwide financial emergency, which many experts claim is not too far away (I hope they're wrong).

To achieve their goal, 7K Metals offers gold and silver at what they say are wholesale prices, without any markup. But they also offer a lucrative compensation package, which begs the question… if there is no markup on the products (and therefore no profit margins), how are they paying their members? 

More on that in a moment.

But first, 7K Metals is a company you can invest a significant amount of your life savings with. In some cases, tens of thousands of dollars, if not hundreds of thousands of dollars or more.

So, if you're joining 7K Metals to build a downline and earn residual commissions, you're not only investing your money, but also your time and credibility.

What you don't want to do is recommend it to your friends and family if it turns out to be a scam or a pyramid scheme.    

Is 7K Metals a Scam?

7K Metals is not a scam but like all MLM's, you should be cautious of the claims and promises made by individual members. 

If something doesn't sound right, refer to 7K Metals documentation and/or reach out to their leadership. 

They specifically prohibit false and misleading statements regarding income and income projections.

As a company, 7K Metals is legit. I expect most members are also ethical and honest, and that those who push the boundaries with pushy sales tactics and lies are rare. 

They are accredited by the Better Business Bureau and currently have an A+ Rating, as well as a lot of positive reviews and zero BBB complaints.

It should also be mentioned though, and this may be an administrative error, that 7K is not listed at the BBB as a Precious Metals Dealer. They are listed as a Stamp Dealer

I have no further insight as to why they'd be categorized as a Stamp Dealer. Of course, we could speculate and come up with suggestions, but that's all they'd be… suggestions. 

7K also has a physical location that you can visit, which lends credibility, and they are now in six countries (US, Canada, UK, Australia, New Zealand, and Singapore).  

Another good indicator it's not a scam is that that the owners are accessible and known. Most scams (although not all) are run by shadowy characters you never get to meet. They might not even be real people. 

All owners here though, are real, and I'll go into more detail about their history and experience below. 

Is It A Pyramid Scheme?

The question about being a scam is one thing. Whether it's a pyramid scheme is something different, and it's not as easy to answer. 

I mentioned earlier in this review that I'm not a fan of multi-level marketing. What I am a fan of though are aspiring entrepreneurs and people who start something of their own. 

So as much as I don't like them, MLM's have a place. For a lot of people, myself included, it's our gateway into entrepreneurship where we learn about sales and marketing, personal development, managing expenses, inventory, and so on…

As a learning experience, they can be great. They can also be an efficient way to start your first business, that is if there is a business element to them. 

And the challenge I'm having with 7K Metals, is figuring out what that business element is. 

Is it ONLY recruiting, or are members also earning money from product sales to real customers, which is important in determining whether 7K Metals is a pyramid scheme.  

If you're a 7K member who's building a retail business selling 7K Metals products, please share in the comments if you have a moment. At the moment though, I haven't found any members selling retail to customers or building a retail business selling gold and silver products.

I also haven't found any training about building a 7K retail business, or any compensation structure related to their products, other than the membership (which does include a coin).

Unlike other wholesale memberships, like Costco for example, a 7K Metals membership places you “below” another member in a pyramid structure. 

Pyramid Scheme Diagram

Therefore, the membership is tied directly to the business opportunity.

In other words, whether you join as a customer or as a participant, you are buying the same membership. 

If there were a separate membership that only offered wholesale price access (again, like Costco) and you could build a retail business selling those memberships, there would be less ambiguity.

Having said that, there is a distinction between being just a “customer” or someone who also promotes the business, and that distinction is not determined by the membership but rather, your participation in the monthly AutoSave program (which I'll talk about more below). 

A certain percentage of members who are NOT participating in the AutoSaver program, either because they don't want to or because they can't afford it, are technically considered “retail” customers; people who bought the membership but are not participating in the business opportunity. 

And that percentage, if high enough, would mean 7K Metals is legally not a pyramid scheme. And, I haven't found any evidence or specific FTC actions to suggest they are. 

I realize some have their own personal thoughts and opinions on what a pyramid scheme is though, whether legal or not, which is understandable. I have my own opinion as well.

And that applies to any MLM, not just 7K Metals.

People are skeptical, which is good. According to the FTC, pyramid schemes can look remarkably like legitimate business opportunities.  

The problem is when your ability to generate more income depends on new recruits joining the pyramid because their money is required to pay members higher up the pyramid.

For new recruits to recover their “investment”, they must also recruit new participants into the pyramid and the cycle continues until the pool of possible participants gets smaller. That's when growth slows, and eventually stalls. 

Be cautious.

It doesn't matter if the product is soap, cosmetics, supplements, or memberships… the Achilles Heel of this business model is that they are mathematically unsustainable when recruiting is the primary (or only) way to generate income. 

MLM titans such as Amway and Avon can last for decades because distributors can grow and maintain their business through retail sales alone, without having to recruit. There is a viable business opportunity to sustain both the company and its members, even after that pool of participants dwindles.  

When your financial compensation is dependent only on recruiting though, it's not sustainable.

That's why The FTC says that a sign of a pyramid scheme is when your income is based mainly on the number of people you recruit, and the money those new recruits pay to join the company — not on the sales of products to consumers.

7K Metals has been around for quite a few years and an argument can be made that the membership is a stand-alone product.

There are also not many complaints and legally, they don't appear to be a pyramid scheme.

I am curious though, if there are many members earning income from the retail sale of memberships, or if the recruitment opportunity is what's driving most of their sales.

How Does 7K Metals Work?

If you're here as a buyer, you can purchase coins on their site by adding items to your cart, but before checking out, you must enter the name of your referrer.

If you don't have a referrer, you can email support@7kmetals.com, which is a little cumbersome in my opinion… especially when you can buy online from other precious metals companies at similar prices (If you were buying a 1oz Silver Eagle, for example, BullionStar is actually a little cheaper at the time of this review) without having to email support.

If you were to purchase a membership however, your unit price would be slightly cheaper. Your overall cost due to the membership fee may be more though, depending on how much gold and silver you buy. 

7K Metals Products 

  • The products 7K Metals sells include:
  • silver and gold coins
  • coin holders and boxes
  • jewelry such as necklaces and cufflinks and although I don't see watches on their site, they do have some watches in their showroom.
  • silver and gold bars

If you've read this far though, you are probably not interested in the products only. The 7K Metals income opportunity is what you want.

7K Metals Member Requirements

Before you can get started you must meet specific requirements. 

  • You must be of legal age in your country of residence;
  • Be a legal resident and have the legal capacity to enter into the 7k Agreement in 
    the United States or US Territories or Other Country where 7k is officially open for 
  • US associates must provide 7K with a valid Social Security number or Federal Tax ID.
  • Associates outside the US require proof of residency and tax status in the country you reside in, or the country you are enrolling in.
  • Submit a completed 7K Independent Associate Application and Agreement to 7K Online. 

If you meet their requirements, you can purchase a 7K membership which gives you access to things like member direct pricing and collector's training. It's also your first step towards building a 7K downline and earning weekly payments. 

If for some reason you don't meet 7K's membership requirements, you can also make money with survey sites like Survey Junkie and Inbox Dollars. Of course, they don't offer the same earning potential as 7K Metals, but if you've never made money from home before, they are an easy way to get started.

For something more significant you might consider an online business.

You may be at home with children to look after or you may be struggling with health issues that make it difficult to do a regular job.

If that’s the case and a more substantial income is what you're looking for, knowing how and where to get started is what you need in order to get what you want.

Now, I'm going to give you a free step by step beginner's guide to making money online and you can get it by Clicking Here

For those who do meet 7K Metals' membership requirements, here are the various options…

Membership Packages

7K Standard ($199):

  • 1 Year Membership
  • Buyers Certification
  • Collector's Training
  • Member Direct Pricing on Unlimited Bullion
  • Travel Savings Card
  • 3 Technology Credits – Tools to Track Your Team, Recruiting App Access, and 7K website (3 months free and $10/month thereafter)
  • Access to Exclusive Low Mintage Collectables
  • 1 Initial Gem Uncirculated 1 oz Silver Coin

7K Standard Plus ($359) previously available

  • 1 Year Membership
  • Buyer's Certification Training
  • Collector's Training
  • Member Direct Pricing on Unlimited Bullion
  • Standard Plus Travel Savings Card
  • 6 Technology Credits- Tools to Track Your Team, Recruiting App Access, and 7K website (6 months free and $10/month thereafter)
  • Access to Exclusive Low Mintage Collectables
  • 1 MS70 Silver Eagle Coin

7K Premium Membership ($499)

  • 1 Year Membership
  • Buyer's Certification Training
  • Collector's Training
  • Member Direct Pricing on Unlimited Bullion
  • Premium Travel Savings Card
  • 12 Technology Credits – Tools to Track Your Team, Recruiting App Access, and 7K website (12 months free and $10/month thereafter)
  • Access to Exclusive Low Mintage Collectables
  • 1 MS70 Variety Silver Coin
  • 1 Silver Bullion
  • 10 Business Cards
  • 4 Wealth Strategies Books

Of course, with each membership, you will also receive significant training on recruitment strategies and team motivation. 

The Compensation Structure

7K Metals uses a simple binary compensation structure which means you are building two legs. One referral on your right and one on your left.

Your referrals then do the same and so on… 

As new recruits join and purchase memberships, you earn points. 

Bring people in at the $199 level, and you earn 50 pts.

At the $349 level you earn 100 pts, at the $499 premium membership level, you earn 150 points. 

When you accumulate 500 pts in each of your two legs, you become a 7K Associate which qualifies you for a $500/week check, provided you continue to accumulate those points each week. 

You then help two people get one person each on their right and their left.

When that happens, they become Associates, and with two more added to your group (one on your right and one on your left), you advance to the rank of Copper.

As a Copper, you can make up to $1000/week.

The next level is Bronze and the process continues; do the same as you did before, help both new people (one on the right and one on the left) to each become Copper, and add 2 more personal teammates to become Bronze.  

A Bronze ranked 7K member can earn $2000 a week. 

As you grow your organization you can increase your rank to Silver, Gold, Executive Gold and finally, Presidential Gold.  

The maximum weekly payouts for each rank are:

  • Associate – $500
  • Copper – $1000
  • Bronze – $2000
  • Silver – $3500
  • Gold – $7000
  • Executive Gold – $10000
  • Presidential Gold – $12500

The full compensation plan looks like this…

7K Metals Compensation Plan
7K Metals Compensation Plan

As you can see, these payouts are significant. A Presidential Gold ranked member can potentially earn $650,000 a year.

It sounds great, right? 

Having reviewed hundreds of make-money opportunities, I've noticed that people put a lot of thought into the money they can make (and how they're going to spend it)… but they put very little thought into where that money is actually coming from.

How Do You Get Paid?

In a typical MLM, the residual income you earn comes from the products your downline sells, which is why MLM products are more expensive than their store-bought equivalents; multiple tiers of commissions need to be paid out on top of the company's profit. 

With 7K Metals though, the products are gold and silver coins that are apparently sold at the best price. Dealer direct prices in fact. 

If that's true, there is very little profit in coin sales.

In addition to silver and gold bars, they also sell some jewelry as well as 7K swag such as hats and hoodies, but it's not likely these sales are enough to support four and five-figure weekly payouts.

So where is the money coming from? How do you get paid?

The 7K Metals AutoSave Program

My first thought was that the money was coming from the sale of 7K Metals memberships, and that may be partially true. 

However, to qualify for weekly payments and achieve financial independence (which is probably why you're reading this review), you must participate in the monthly AutoSave Program… a “coin-of-the-month” type membership. 

There are three price options:

  • $105/month – 1 oz Silver Eagle Coin
  • $135/month – Variety Coin 
  • $309/month – 1/10th oz Gold Coin

If you've purchased gold and silver coins before, you might notice a discrepancy here…

Compared to what you're getting (a 1 oz Silver Eagle coin), the program is overpriced because you can currently purchase 1 oz Silver Eagles' online for $35 to $40, which is a lot less than $105.

Two-thirds less in fact.   

So why would you pay three times the price for a silver coin at 7K Metals than you would somewhere else?

Because the difference, which is $60 – $70 depending on which monthly plan you sign up for, goes to pay your upline. And when you sponsor new recruits, their $60 – $70 will go to pay you.

Of course, you can also buy coins from 7K Metals at competitive prices if that's all you want. But to qualify for weekly commissions, you must join this program.

It's not an overly expensive program and part of your payment is an investment. Understandably though, if you're on a tight budget, it might not be the right time.

In the meantime, if finances are a challenge, you can earn a few extra bucks in your spare time with sites like Survey Junkie and Inbox dollars. They don't provide job-replacing income but they can be a good stepping stone to something more significant like 7K Metals or an online business.

You may have young ones at home to look after, or a medical issue keeping you from working a regular job.

If that’s the case and a full-time income online is what you want, knowing how and where to get started is what you need in order to get what you want.

Now, I'm going to give you a free step by step beginner's guide to making money online and you can get it by Clicking Here

Sound Money Wallet

When you become a 7K member you get access to the Sound Money Wallet; a digital access point similar to wallet apps you might use on your phone. 

There you can buy both whole ounces, as well as incremental gold and silver (fractional ounces). 

Fractional ounces less than a full coin can't be shipped, but they can be held in your Sound Money Wallet.

A digital wallet is great, but one of the advantages of physical gold and silver is that can store them at home.

Trusting someone else to store it for you has its advantages, but even with the best of intentions, you can never know what'll happen if the “stuff” hits the fan so to speak (let's hope that doesn't happen).

If you prefer to hold it yourself though, in your own safe, you can have it shipped from your Sound Money Wallet (see image below) by clicking Transfer From (options will include Gold and Silver Balance, Cash, Crypto, etc. as well as the bank account you originally set up)

… then Transfer To (options include having your gold or silver mailed to you, or you can transfer it to someone else. You can also transfer one balance to another such as swapping gold for silver for example).

7K Members Sound Money Wallet Gold Transfer
Sound Money Wallet Transfer Procedure

Once you choose which account you're transferring from and where it's going, you then choose the amount. What's important here is that you can only choose whole ounces if you're having your gold or silver mailed to you. 

Fractional ounces can be bought and transferred within your accounts, but you can only hold whole ounces of physical gold or silver. 

The cost of shipping, insurance, and processing will of course depend on where you live and how much you're transferring. 

There are some limitations here though. The only products you can buy and store digitally are 1/10th oz Gold Eagle coins and 1oz Silver Eagle coins.

1 oz Gold Eagle Coin
Gold Eagle Coin

Products such as variety and collector coins, coin boxes, holders, jewelry as well as gold and silver bars, will be sent to you immediately. 

Also, gold and silver can only be bought during market hours and your cost is based on the spot price.

7K Metals Origin Story

So, we've talked a lot about how 7K Metals works, the cost and compensation plan, as well as whether it's a scam or a pyramid scheme.

But to better understand the company and put your trust in it, you should know who's behind it.

Fortunately, 7K Metals has real owners who you may get to meet if you join. Their stories give us some insight into the 7K Metals' story.

Roger Ball

There is very little information about the 7K Metals' co-founders, but I'll start with Roger Ball because although he apparently came into the picture a little later than the others, he seems to have the richest history. At least the richest verifiable history (no disrespect to the others).

For the most part, the information available for each co-founder is only a single layer deep, two at most, which is to say few of the claims and descriptions are backed up by official sources.

Everything you read about them seems to be a variation of what's written here at coinsandmetals.com, which is a 7K Metals sister site, which is difficult to verify. 

To be clear, that doesn't mean what you read about them is untrue, it could just mean that their accomplishments prior to 7K were not documented online, or that they are private people, which is understandable.

At the end of the day, most people are private, and most people's list of accomplishments are not independently documented online either.  

That's where Roger Ball's history is a little different.

His story is a bit more high-profile because, in 1982, Roger and his brother Allen started a company called Oil of Melaleuca, Inc., which may sound familiar because it later became knowns simply as Melaleuca, Inc., a popular multi-level-marketing company whose story is documented.   

Prior to that, Roger Ball started Ball Packing in 1969 and in the 1970's, hired his brother-in-law to sell beef jerky. His brother-in-law was Frank L. Vandersloot, who in 1985 took over Oil of Melaleuca from Roger and became its CEO.

In 2017, Frank L. Vandersloot was listed on Forbes as the richest person in Idaho with a net worth of $2.7 billion.

Some sources online say that Roger Ball is also a billionaire and from his long entrepreneurial history and associations with other billionaires (or at least one we know of), that may very well be true.

Years later in 2004 Roger Ball founded another MLM company called JD Premium, which unfortunately closed down in 2015.

Roger Ball JD Premium
Source: Buzzfile

As a co-founder of 7K Metals, Roger certainly has a lifetime of business experience which is not only good for 7K Metals, but is also a wealth of knowledge for members who are fortunate enough to meet him. 

Zack Davis

As I mentioned above, when it comes to the other co-founders, Zach Davis, Josh Anderson, and Richard Hansen, the depth of information is somewhat shallow. But I'll dig up what I can. 

According to the 7kmetals.com sister site, Coins and Metals, Zach Davis started and ran many successful companies in a variety of industries. It also says he's an accomplished speaker and has served on the board of directors as an Owner and Chief Marketing Officer in the industry (I'm assuming the coins and metals industry). 

Digging a little deeper we can find his business history includes R Range Trading and Freedom Royalties LP in which he was a founding/managing partner, as well as another network marketing company called Paycation (although I couldn't find secondary verification for that one).

He is also co-owner of a 25,000 sq foot trampoline/ninja warrior park called Gravity Factory, and I have to say, I'm a little envious 😀

I was looking at starting a similar kind of park about 7 or 8 years ago but the cost turned out to be more than I first realized. So, as a co-owner of such a place, it's probably fair to assume Zach Davis is doing okay financially.  

One particular company in his business history I found interesting is Black Ink Royalties, in which he is listed as the owner. 

Zach Davis 7K Metals Business History
Source: signalhire.com

This is also confirmed at OpenCorporates…

Black Ink Royalties Zach Davis OpenCorporates

I found it interesting because Josh Anderson also turned up as the owner of Black Ink Royalties during my research, according to both LinkedIn and Rocket Reach… 

7K Metals co-founder Josh Anderson Black Ink Royalties
Source: RocketReach

So, 7K Metals is not the first company Davis and Anderson co-founded together.

Josh Anderson

Some other 7K Metals reviews mention Davis and Anderson as partners who also run an MLM training company called Black Ink International (not Royalties), but there are some odd inconsistencies about that company; who owns it and what it does?

With Black Ink Royalties however, it looks as though Davis and Anderson are both involved in some way, but it doesn't appear to be an MLM training. 

According to their site, which is currently just a single page (shown below), it's a company that deals with oil and gas mineral rights. 

Black Ink Royalties Zach Davis Josh Anderson
Source: blackinkroyalties.com

Getting back to Black Ink International, what I found is also not an MLM training company. At least not according to Dun & Bradstreet…

It appears to be a tattoo parlor owned by Zach Davis. 

Black In International
Source: Dun & Bradstreet

But wait, the story doesn't end there. 

On LinkedIn, according to Josh Anderson's profile, he also at one time owned Black Ink International…

Josh Anderson of 7K Metals and Black Ink International
Source: LinkedIn

Is it possible that Davis and Anderson, in addition to being co-founders of 7K Metals and Black Ink Royalties, were at one-time, co-owners of a tattoo parlor?

It's possible. Not that it really matters of course, but I found it interesting as I was researching their bio's as well as the companies history (which I do because a lot of these businesses turn out to be false).

According to another source though, the President of Black Ink International is a man named Tom Biviano, who seems to be somewhat of a ghost online, and is described as a Sales Trainer and Business Coach @ Black Ink International, LLC 

Black Ink International President
Source: Radaris.com

So, what does a tattoo parlor need a sales trainer and business coach for? 

It probably doesn't.

If I had to guess, I'd say the Dun & Bradstreet listing is an error but either way, there's likely a simple explanation.  

There's also very little information online about Josh Anderson's previous experience in multi-level marketing. Which companies has he been involved with for example?

MLM experience is not a requirement here, it's just that his bio says he has built 3 downlines of over 20,000 people in the last 16 years and that he has been the master distributor, CEO and has served on the Board of Director's for some of the largest MLM companies in the world… which kind of makes you curious which companies. 

Aside from the various Black Ink properties listed on his LinkedIn page, there is only one network marketing company shown which is JD Premium, the same JD Premium that Roger Ball started in 2004 that closed down a decade later.  

Josh Anderson was it's CEO from 2009 – 2011 and also has a brief mention at launchsmart

So as far as 7K Metals' origin story goes, Anderson worked previously with both Roger Ball and Zach Davis. 

That brings us to Richard Hansen…

Richard Hansen

Like 7K's other founders, there is also very little information about Richard Hansen other than his bio listed on their sister site, or variations of the same bio paraphrased in other reviews.

It says he has been a collector of precious metals for over 25 years and was first introduced to network marketing in 1982. 

He was also the Sales Director for JD Premium, where he would have worked with his other co-founders prior to starting 7K Metals. 

7K Metals Lawsuits and the FTC

The lack of information online about 7K Metals' co-founders is not a bad thing because what I did not find (which I was looking for) are class action lawsuits or actions taken by the FTC. 

To be honest, I thought I would, as it often happens with other reviews I've done such as Auvoria Prime, NovatechFX, and IM Mastery Academy.

When reviewing companies like 7K Metals, a quick search into its leadership usually reveals a mess of legal issues and actions connected to pyramid schemes that were previously shut down, sometimes involving hundreds of millions of dollars in fraud and jail time. 

You'll be happy to know though, I did not find anything suggesting 7K Metals or its owners were ever involved in anything illegal.

Who Is 7K Metals Best For?

In one of the whiteboard presentations I watched (which reminded me of drawing circles for Amway which I did countless times in the '90s), the presenter suggested that you share the 7K opportunity with 5 people a day, 5 days a week.

That's 25 people a week and 100 people per month.

I don't know about you, but I don't have that in me. And I speak from experience. Not only have I done it, which is why I won't do it again… but bumping into 100 people per month would be a tremendous effort. 

Of course, I work from home, which is a unique situation. I can go an entire month sometimes without seeing anyone other than my wife and kids.  

Your situation may be different.

The first thing you'll want to consider when deciding if 7K Metals is for you, is whether you're exposed to a lot of people. Maybe 100 per month isn't necessary, but a lot.

MLM's are good for people who own a dance studio for example, or a martial arts school that gives them access to a significant number of people. If you're a leader in your church or an authority for an organization of some kind, then 7K Metals might be a good fit for you. 

The reality of network marketing though, is that's it's extraordinarily hard. And I don't say that hypothetically… 

In the 90's I would spend hours at supermarket magazine stands and coffee shops talking to strangers, waiting for a moment to work my “opportunity” into the conversation. It was exhausting.

I was a slave to my dream and felt obligated to talk to everyone about joining my “business”. I couldn't even sit in my doctor's office without feeling guilty for not mentioning it to someone.

I don't care how big the dream is or how motivated you are, if you are not comfortable going out of your way, every day, for months (and years) with the sole purpose of recruiting strangers… then building a profitable 7K Metals business (or any multi-level marketing business for that matter) is going to be difficult. 

7K Metals is best for someone who doesn't mind recruiting. Someone who is outgoing and can handle rejection.

It's even better for someone who has access to a lot of people on a consistent basis as well as enough disposable income for the monthly AutoSave program and membership costs.

If you want to learn about direct sales and/or marketing as well as get a feel for entrepreneurship, it's an easy first step to get started.

I'm not saying an MLM business will make you an entrepreneur or that I even recommend it, but they do help you develop an entrepreneurial mindset and work ethic. They teach you to be resourceful and work hard, even when the rewards come much later (and are not guaranteed).

Statistically, your chances of success are not great and no opportunity is a slam dunk, but that's not always the point. Sometimes you just need to start something to help break a pattern of procrastination if you're stuck.

And sometimes you just don't know where to start. 

There are other things you can do of course, buying and selling online for example, driving Uber, or even walking dogs for your neighbours… but the “business-in-a-box” approach might be what you're looking for. 

7K Metals Reviews and Complaints

From everything I've learned about 7K Metals and its founders, what surprised me most is that there are very few complaints. I expected more.  

There are some though. One complaint on the Better Business Bureau website is about an order getting canceled, which may have been resolved, along with an accusation of being stuck in a contract having to pay every month. 

There are also some complaints about the cost of the monthly autoship, which I discussed earlier. 

On the other hand, I've found dozens of positive reviews. 

Some of the good things that have been said are…

  • they like the opportunity invest in gold and silver
  • high earning potential 
  • people like the help and support
  • it's simple and easy to understand

What I Like About 7K Metals

  • Simple compensation plan.
  • Weekly commissions.
  • Introduces newbies to precious metals investing.
  • Help and support
  • There are relatively few complaints even though they've been around since 2016.

What I Don't Like

  • Recruiting. It's difficult and in my experience, it's not fun either. It can also put a strain on relationships with friends and family.
  • Commissions appear to be generated through memberships and monthly autoship premiums rather than product sales.
  • I'm not certain there is a viable retail business opportunity.
  • No income disclosure statement.

Where Do You Go From Here?

You want more freedom and independence in your life. You want to travel and spend more time with the people you care about. You also want more time to do the things you love. 

That's the allure of network marketing and what you want is not unreasonable. Whether an MLM is the best way for you to get it though, depends on a few things.    

In one of the 7K Metals webinars I watched, at the 1 hour and 22-minute mark, one of the top recruiters said, “time is of the essence. Eventually, it'll slow down and you don't want to be in it when it's slowing down.” 

He is right, it will slow down. People at the bottom will spend just as much money getting in as those who came before, even though the potential upside is significantly less.

That's why passive income in an MLM is a myth.

You may sustain it for a short while, but when the opportunity dries up people start dropping out, which is why you often hear of lifelong network marketers who built multiple downlines in previous MLM's.

It doesn't make sense to voluntarily walk away from a downline that's generating passive income, right? So why do it?

In most cases, it's because the opportunity burned out or was forcibly shut down.

To be clear, I'm not picking on 7K Metals here. It's just a feature of this business model and it's simple math. You can only multiply so many times.

7K Metals will certainly make some people wealthy, I have no doubt. If it's like most MLM's though, it'll be those who have uncommon charisma and a unique ability to sell, as well as the ability to handle relentless rejection. 

My first recommendation when it comes to network marketing is to stay clear.

However, I also realize that what's right for me might not be right for you. We all find our own way into the world of entrepreneurship and although my network marketing experience wasn't good, it taught me a lot.

When it comes to being a buyer, you have alternatives that may be cheaper than 7K Metals, especially when you consider the cost of the basic membership. It'll depend on how much gold and silver you buy per year.

When it comes to opportunities, everyone has their own unique situation.

You may be at home with children to look after or have challenges with your health. Or maybe you're just sick of your job.

If you're an extrovert and enjoy working directly with people, opportunities like 7K may be perfect for you. If you're an introvert and reaching out to others is a challenge, you may find an online business to be more suitable.

Knowing how and where to get started is what you need in order to get what you want.

Now, I'm going to give you a free step by step beginner's guide to making money online and you can get it by Clicking Here

Having said that, an online business isn't as helpful if you want to develop your sales skills. With few complaints and what appears to be a lot of supportive leaders and associates, 7K Metals in that case would be the better opportunity. 

I hope my 7K Metals review has been helpful and if you have any comments, questions, or experience with 7K Metals, please share in the comments section below. 

Important Comment Disclaimer: 
The views, information and opinions expressed in the blog comments are solely those of the individuals involved  and do not necessarily represent those of Gig Hustlers, its owners, employees, or writers. Gig Hustlers is not responsible for, nor does it verify the content provided by individual commenters.

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22 thoughts on “7K Metals Review – Scam, Pyramid Scheme or Legit Investment MLM?”

  1. I joined 7k 22 months April 2021 ago , and THE result of all my hard working money I covert all of them into physical rare precious gold and silver numismatic coins and bullions . Then I found out that I’ll be able to earn points out of my buying power and by sharing our company I’ll be able also to have passive income for life as long as this company exist . I will be able to WIIL it to my children’s children . If I need emergency fund , Stack and Sell our partner company can liquidate these wealth assets with 36 percent rate in return or more .My grand babies can be a member also and collect assets and build their portfolio at young age so when they turn 18 years old , they will be making more than what their teachers are making , my goals were , I they can retire early and enjoy life if possible . So I have my 4 children are members and associate already and so far the points they are receiving are coming from the people that I sponsored , non of them lifting any weight at all and it helps to pay their auto saver monthly and my auto saver monthly and yearly memberships , how cool right , I love it because I do not have to get in my own stash from my other jobs , it’s all spare money to accumulate gold and silver wealth assets . It was just a dream for a jungle girl from the Philippines to finally have protection for retirement and have financial freedom. I do not have to worry where to get my meal and pay my bills next . I love it . 7k Thank you so much for helping other’ s help other to help others . HOPE FOR THE WORLD .

  2. So if I understand correctly in 7k you make money by recruiting however say you sign up 10people this month but fail to purchase your monthly qualification or auto ship you will not get paid is that correct?,

  3. Thanks for the honest and well researched appraisal. For me 7K Metals is one of the few MLM Companies that does not have that gut feeling that makes it hard to share with personal friends. This one I can. You don’t mention the issues surrounding the declining value of the fiat currencies whereas precious metals would appear to have a much better chance of holding their value into to future. Like all things nothing is for certain in these “interesting” times.

  4. Hi, if I joined 7K Metals, it wud be just to acquire silver…to switch over some of the $$ I have invested w stock investors. I am definitely NOT interested in any MLM benefits or establishing people under me! 7K Metals reputation sounds stable and honest, but would it be a good place to just buy silver? I really dont know what companies to trust, and I do plan to hold my silver myself, not at someone elses facility, but I fo like 6K’s wallet idea. Sounds simple. Cud please recommend a reputable silver company that I can trust? Im in the Richmond, Va atra. Thank you. Donna Holt

  5. Thank you for a good in depth review. My experience over 35 years of mlm in over 25 companies is that one can learn to build a network, but practically no training is available to help one in finding a company with owners who have integrity and unfortunately, there are few. It is good to see 7K metals is managed by real professionals.

  6. This is one informative, non bias, fantastic review.
    I like others in my early years tried several MLM programs hoping to make my financial woes disappear. Unfortunately the MLM programs zapped me of my desire to sell.
    Listen to this writer for Gig Hustler Jay knows.

  7. Your discussion of autosavers is patently incorrect. The American Silver Eagle is a MS 70 graded perfect coin, enclosed in a hard plastic slab to protect it. This is a Numismatic (Collectible) coin, not a bullion coin you are describing. Please get your info correct!

  8. So what is the average cost of silver per ounce at 7K metals & is it a requirement to purchase each month?

    Keith Robinson

  9. Like you I got involved in Amway in the late 60’s and also like you I was not successful in making money in the Amway business, however I learned enough to later start my own business which has in my opinion very successful. Since I was more of an introvert, it was difficult recruiting people to get involved. I am very thankful for what I learned that enabled me to later build a great business. Also like you I know that the most profit will be made by people who have access to large quantities of people and that it will not likely last forever. Most people will get discouraged and give up requiring constant recruitment. Thank you very much for your thorough research. I did join 7k Metals, but I was only going to be investing in silver and I found out that the price of the monthly coin was exorbitant and the price of their silver bullion was not competitive and they were always out of stock. Again excellent reporting and I believe that you are spot on with your assessment.

    • Scam. One thing it’s Black ink transport inc. A one man show transport. Which the equipment for it was sold in 2009.

  10. The membership fees seem awfully high. It seems like it would be hard to make up $200- $500. (and it’s yearly, right?). Are the prices for gold/silver bars/coins (non-collectible) at non-membership dealers that much higher than 7K’s which apparently has near-spot prices on their non-collectible pieces.? If one is saving with 7K’s prices, are you going to buy enough to offset the membership price?

    I imagine in order to recoup the membership, a person is going to have to “motivate” their downline to buy the “coin of the month” and sell memberships. The “coin of the month” is a collectible coin, which as you’ve noted is more expensive than the metal content alone. Now you’re playing two games – metal investor and coin collector. Both the gold/silver price could go up or down, as could the “collectible” premium. (Is there a monthly option for “non-collectible” gold/silver in an amount small enough that you could afford. Would that still get you points enough to stay “active” and get something from your downline (assuming you want that)?

    There’s another thing. Are you really prepared to give what amounts to investment advice to the people you recruit? You’re not selling them soap or toothpaste, that likely is on the expensive side, but may actually be good. You are asking them to invest in metals rather than bonds, stocks, or pork bellies. While there are no doubt disclaimers somewhere, do you feel secure in telling someone “gold is a good fit for you”?

    disclaimer – haven’t bought gold silver, except as rather short term, very small trades in the futures mkt.

    • One thing to keep in mind is the values on these coins aren’t stagnant. They tend to go up in value. Only so many of each coin are made. So you can make more money on these coins oftentimes than you would on the same amount of money in a savings account.

  11. I thought it was more about buying/investing in physical silver and gold. And less about MLM. Must’ve misunderstood. I’m confused.

  12. Thank you for sharing so much info! A friend recommended 7K to me. I’m already in sales, but I’m not the high pressure or constantly looking for leads type. Your info helped validate my concerns before I felt obligated!

    • I just joined and the two gals above me are invested in putting their leads under me. If you’re part of an active down line and get in early enough, you’re positioned well for others to do a lot of the leg work. Collecting some silver while it’s undervalued is a great way to avoid inflation, It’s still a decent way to save and get some of your coins paid for by other teammates. If you have a change of heart, we’d love to go over more details and invite you to join our team!

  13. I’ve been with 7k for just under a year. I really like their products and the fast delivery times, not just within the US but also in Europe.

    The coin drops are good because I’m into low mintage coins that will be more likely to increase in value. That’s another way to recoup your initial investment.

    The writer is correct when he says that, really, the company is best for someone who doesn’t mind recruiting and is exposed to a lot of people who may be interested.

    The benefits you get such as a premium Zoom account also help recoup the investment, as does the virtual wallet. I think you get good value with the basic membership. The fact that online auction sites may ban the sale of precious metals in the future, and the high number of scams that take place online, may work in 7k’s favour.

    The coins are all NGC verifiable and have the NGC logo on the website and some of the products. So for anyone who wants to buy gold and silver but is worried about the scams, that’s another advantage. Their customer service is also very responsive should you run into any problems.

    • One genuine value I’m finding with 7K which you didn’t mention is education. I’m finding them to be very forthcoming with an understanding of the world of finance and how it can work for or against you depending on your personal insights and education. If I only remain for a year with them, I will know so much more about sound money and how to buy it.

    • One genuine value I’m finding with 7K which you didn’t mention is education. I’m finding them to be very forthcoming with an understanding of the world of finance and how it can work for or against you depending on your personal insights and education. If I only remain for a year with them, I will know so much more about sound money and how to buy it.