Our APMEX review will provide Bear Lake Gold’s expert views on this gold and precious metals company and what it offers as a gold IRA dealer in the precious metals industry. In addition, we will give you information about its products and services, information on the company’s leadership team, storage solution, and their cost and fees, together with details of where we rate this company in our list of the top one hundred gold and silver dealers.
We employed our homed gold IRA broker review methodology in conducting this review procedure. As part of our methodology, we communicate with people who have done business with the company in the past and at the present time, we also ask many questions of the company’s employees.
After evaluating all the in-person interviews and online research, we found, in our opinion, APMEX Gold were unworthy of being rated among our top twenty gold IRA firms in the industry.
Our APMEX review will contain the details we discovered and why we did not rate them among our first twenty companies in the precious metals industry. If you want to find out the nitty gritty behind our decision, please finish reading this review.
Bear Lake Gold’s focus is and always has been “to provide a guide to the best precious metal investment companies for investors who want to diversify their investment portfolio and grow wealth in preparation for their retirement years”.
For many years, we have carefully guided our readers on who we believe are the safest most diligent and reliable companies to invest in precious metals through.
We have carefully handpicked the precious metals companies that, in our opinion, are the best in the industry. These companies are Augusta Precious Metals, Goldco, and American Hartford Gold. When we reviewed these companies, we found that they are not only the best in the industry but also the best gold IRA investment companies for people in the United States.
APMEX is an online precious metals retailer. The company sells silver, platinum, gold, and palladium. The company was founded in 2000, with its headquarters in Oklahoma. APMEX is one of the largest precious metals retailers in the industry. Since its inception, the company has sold more than 130 million gold and silver ounces globally. It only achieved such a great feat because of its vast online marketing network and business distribution model. At the time of writing this review, the company has established its presence in more than sixty countries of the world.
The company sells precious metals bullion bars, coins, and wafers. APMEX, since it began operations in 2000, has employed more than 200 talented employees from different backgrounds. Its choices of employees in the precious metals industry have given it the kind of growth it needs.
In addition, the company has a team of leaders that are extremely experienced in the precious metals industry.
APMEX is an American Numismatic Association member. It is a BBB (Better Business Bureau) accredited business with an A+ rating.
The company is known in the industry for buying and distributing Platinum Bullion coins, Mint Gold and Silver Bullion.are also involved in corporate social responsibility via its involvement in the community. It is dedicated to aiding people in need. To solidify its commitment to helping the needy, it established the Regional Food Bank, a charity initiative. The NGO aims to tackle hunger and provide hope to those who cannot pay for good food. As part of the company's aim, it encourages employees, volunteers, and well-wishers to aid their cause in helping them take the needy out of their sufferings.
The founder of APMEX is Scott Thomas. He is also APMEX’s president. The company has witnessed tremendous growth under his leadership and has become one of the biggest precious metals dealers worldwide.
The CEO (Chief Executive Officer) of APMEX is Kenneth Lewis. Kenneth has over two decades of experience in the precious metals industry, and his growth strategy and leadership pattern have helped drive the company to its current height.
APMEX won the award of the largest single Numismatic organization in 2009 because of its large precious metals inventory. Today, the company still boasts of its large precious metals inventory. APMEX has a wide selection of precious metal products in the categories below.
While writing this review, the company's website showed that it has over 594 gold, 75 platinum, 3 palladium, and 1537 silver products in its inventory. APMEX also sells commemoratives, rare coins, American and global currency, copper, exonumia, and jewelry.
APMEX sells IRA-eligible precious metals for investors who want to save for retirement by investing in precious metals.
APMEX is very transparent about its product pricing and offers some of the best competitive prices for its’ precious metal products. All its products listed on its website have their prices attached to them.
For example, at the time of writing this review, the company sold its 1 oz PAMP Suisse Gold Bar for around $25. However, it sells its rarer collectibles for prices higher than what we have seen them elsewhere.
APMEX displays the spot prices of precious metals on its website, and these prices change every second depending on the global spot price. Included in the spot price display of precious metals on the APMEX website is each precious metal's ask and bid price. The company will give you a discount if you buy some of its products in large quantities.
APMEX’s gold IRA fees are based on the gold IRA custodian you prefer to work with. The company is not an IRA custodian but works with many custodians, and these custodians have different fees and pricing.
APMEX sells IRA-eligible precious metals. Its metals meet IRS standards and purity. However, the company is not an IRA custodian but partners with various trusted IRA custodians in the industry.
Aside from investing in precious metals coins, rounds, and bars through APMEX, you can buy US. paper notes and currency, other countries' paper currencies, and confederate currency. APMEX also sells copper bars, rounds, bullets, and jewelry.
If you want to save money by finding the best investment precious metal deals, you can do that through APMEX. The company has a section on its website titled ‘DEALS.’ In this section, you will find various precious metals for discounted prices. When you browse through this section, you will see the actual price of these metals, how much you will be saving when buying them from the deals section of the website, and their discounted prices.
When we asked one of APMEX's employees about this section, he said, "To stay updated on the precious metals with discounted prices, you can sign up for APMEX's email newsletter. By signing up, you will follow the company's sales page effectively and even get promo codes to help you buy precious metals at ridiculously lower prices."
APMEX works with the best and most respected IRA custodians in the industry. These companies provide gold and precious metals IRA setup and maintenance services. These custodians are:
When we enquired about the company’s secure storage, he told us that APMEX partners with Brink's Global Services to store precious metals for its customers.
APMEX has many people in its customer service team who are available on weekdays. You can reach them via the phone and email. In addition, the company has a live chat feature on its website and a mobile app.
On shipping, a company employee told us that when you pay for orders using your credit cards, APMEX will ship your products within a day. However, the shipping time may vary for bank wire transfers and checks.
Outlined below are the prices for shipping products based on the worth of your purchase.
Precious Metals Worth.
If you want to sell your precious metals, you can sell them to APMEX. Since its inception, the company has bought precious metals worth over $1 billion from people in the United States.
When we spoke to another company employee about this service, he said, “the process is very simple. People who want to sell their precious metals to APMEX will go to the website, fill out a form and request a quote for the products that they want to sell.” “Alternatively, you can contact the customer service department directly for such services.” He added.
You can lock in the prices once you receive your quote, then get ready to ship the precious metals. At this point, the employee said, "we will send you instructions about how you will package the precious metals to protect them from damages during transit. In addition, we will send you a label for the shipping."
“Immediately your products get to APMEX and we verify them, we will pay you in the next 24 hours.” According to him, there are various methods provided by APMEX through which you can receive your payment.
The rating was from 78 closed complaints in the last three years.
The rating was from 5 reviews.
4.7 out of 5 Stars
The rating was from 7,900 reviews.
4.2 out of 5 Stars.
The rating was from 727 reviews.
2.2 out of 5 Stars.
The rating was from 7,782 reviews.
When we asked another member of staff at APMEX about the company's promotions, she said, "for now, we do not offer any promotions apart from the special deals offered on our website and we also offer discounts for large precious metals purchases."
If you consider investing a large amount of money through a transfer or rolling over your 403k or 401k plan into your gold IRA, you could be eligible for Goldco's promotional offer. Currently, Goldco is offering new customers investing in precious metals IRA, free silver worth up to $10,000. The free silver offer could greatly increase your investment portfolio.
To conclude our APMEX review, in our view, the company is a legit precious metals retailer and distributor. It does not operate as a scam company.
Although the company is one of the largest in the industry and has been doing business for 22 years now, we do not advise you to invest in a gold IRA through this company, mainly because of its poor rating on public rating websites and the individual feedback we got when interviewing past and current clients.
Ratings on public websites show how customers feel about the company and doing business with them. Hence, when a company has loads of negative ratings, the company usually has a terrible customer service offering and/or poor systems and working procedures.
In our opinion, choosing to invest in a gold IRA through a company should not just be based on their products. A company with good products and bad customer service will frustrate your investment efforts. For example, if there is a problem with your investment portfolio or the precious metals you bought from it, you will have a big issue fixing it because its customer service is either non-responsive or out of reach.
Because we know that a vital aspect of your chosen investment company should be its customer service, we have carefully selected the companies we believe to have the best customer service in the precious metals industry. We also recommend them because they are among the most reputable companies in the industry and they have passed or exceeded all the checks and balances we use when evaluating such companies.
Our top three recommended companies are Augusta Precious Metals, Goldco, and American Hartford Gold. To know more about these companies, please click the links in the next section of this review.
Our #1 Precious Metals & Gold IRA Company - Best Overall
Augusta Precious Metals is our best rated overall precious metals company
Our #2 Recommendation - Best For Promotions
Goldco is our second top rated gold and precious metal company. Having been top rated all of last year they were very close top Augusta Precious metals
Our #3 Gold & Silver Company -Great Prices and Great Customer Service
American Hartford Gold is our third top rated company.
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