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Bear Lake Gold has conducted this review, unlike other Bullionmax reviews on the internet, to give our professional views on this precious metal company, what it is selling, its pros and cons, and its legitimacy as a precious metals dealer.
This review will also give you details about the services of this company, in particular, its precious metals IRAs (Individual Retirement Accounts), physical precious metal bullion, and coin offerings.
We employed our standard review methodology in carrying out this review. As part of this review, we reached out to customers who have bought or sold to or from BullionMax either online or offline, the members of the leadership team, and some of the workers in the company.
Unfortunately, the information we got from these channels did not satisfy our requirement for rating the company as one of our top five precious metals and precious metal IRA companies.
Investments must be in a low-risk and less volatile market. Research has proven that precious metals and gold and silver Self-Directed IRAs are among the best, safest, low-risk, and less volatile investments you can make before retirement.
Precious metals investments via gold IRAs are like a tax-efficient fixed-saving regime investment. However, with a fixed savings regime, your capital is safe, whereas when purchasing precious metals, there can be a price increase or a decrease.
When conducting this BullionMax review, the interest and inflation rates were around 1.5% and 9.5%, respectively. These percentages would mean a devaluation of the real-time value of your savings by 8% per annum.
Investments in gold have historically at least kept up with inflation, and on many occasions, gold investments have outperformed inflation over given periods.
By the end of this review, you should be able to decide whether to invest your money through BullionMax or whether you might be better off investing through one of our recommended top five precious metals and IRA companies, as detailed below.
Bullion Max is a retail company that sells gold bullion and other precious metals. The company has its HQ at 3440 W Carson St, suite #200, Torrance, CA 90503, USA. The company was established in 2020 by a group of professional precious metals investors in the US.
When this company started, its inventory was small. However, the company now offers customers a wide range of precious metals. The company sells most of its bullion and coins at wholesale prices.
BullionMax does not provide dedicated storage services for its clients, and they do not collaborate with any third-party storage provider. Recently, the company has added palladium and platinum precious metals to its collections; initially, they only contained gold and silver products.
Although they are precious metals retailers, they are not gold IRA dealers. Instead, the company helps customers to buy essential precious metal products directly from gold and silver IRA dealers and then deliver them to customers' locations of choice. BullionMax can also deliver customers' IRA precious metals to their retirement account custodians or IRAs.
According to answers from the leadership team when we spoke with them, the company's entire goal is "to give customers a no-nonsense buying experience with the lowest reasonable prices you'll find anywhere." The company has tried to keep its word in the last few months.
The Bullionmax website has a rich education section. The company provides customers with information about investing in precious metals through this section. This dedicated Knowledge Base informs clients everything from fundamentals in investments to precious metals mining, vault security, and coins fundamentals. The company also gives its free gold investing kit to clients who want to learn more about them and profitable precious metals investments.
The company does not hide the identity of the members of its management team. The company has members whose combined experiences are over ten decades in the industry. Here are the names of the people on the company's management team.
Bryan Greenwood (Chief Financial Officer)
Bryan Greenwood is the head of the company's leadership team. Bryan has over ten years of experience retailing in the precious metals industry. He also served as APMEX's Vice President in the Finance, Risk, and Admin department.
Andy Klein (Chief Marketing Officer)
Andy is the head of the company's communication strategy. He has over ten years of communications and digital marketing experience. Klein also has experience in retailing precious metals in the industry. He understands the industry and how marketing works there.
Steve Emmett (Chief Operating Officer)
Steve has over 20 years of experience in operations, product management, and logistics. As part of the team, he focuses on pushing every company member to achieve necessary goals.
As a customer, you will get fair pricing on Bullionmax's precious metal products. Primarily, the company's selling point is the low prices it offers its customers. You can buy products from as low as $20 to as high as $20,000. You may not get this type of low pricing from other dealers in the industry.
The company offers free shipping to its customers. Although, it only applies when you buy precious metals worth $199 or above. This is not a bad deal. Although some other precious metals companies in the industry give their customers free shipping when they buy products worth at least $100.
Bullionmax charges its customers $9.95 for orders below $199 and its ships its products through UPS and USPS.
You can pay for your orders via the following methods.
Bullion Max retails the following products:
Platinum and Palladium
Apart from selling, BullionMax also buys precious metals from its customers. The products you can sell to them are:
If you place an order and pay, the company will ship your orders the next day after confirming your payment.
The company is not a precious metal IRA custodian, and they do not set up or manage Gold IRAs on behalf of their clients. However, they can help you buy eligible IRA bars and coins to add to your existing precious metals IRA.
Bullion Max does not offer precious metals IRA services. Therefore, they do not have IRA custodians, and they also do not have storage providers. However, you can work with BullionMax to ship your precious metals to the IRA provider that they think is best for your investment safety.
To sell precious metals to Bullion Max, you must be looking to sell precious metals worth at least $1000. The process to help you liquidate your precious metals is simple. Anyone who can use the internet can navigate the process with ease. Once you complete the process, you will receive the payment for your metals.
To begin the process, you will send the company a mail or call them. Then they will give you an offer for your metals. If the offer suits you, lock in the price and follow the next instructions to ship the products to them. Immediately after the product verification process is complete, they will pay you.
When we spoke to a representative from the company, we asked him if the company has any promotional offerings for first-time investors. The rep told us that there was none now.
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BullionMax BBB Rating
4.9 out of 5 stars
This ratiing was based on 35 reviews.
BullionMax BCA Rating
No Reviews Were Found
No Reviews Were Found
BullionMax Reviews on Google
4.7 out of 5 stars
This review was based on 164 reviews
No Reviews Were Found
No Reviews Were Found
BullionMax Reviews On Trustpilot
4.6 out of 5 stars.
This rating was based on 42 reviews.
To conclude this Bullionmax review, Bear Lake Gold will give its final verdict on this company. The retailer is a legitimate precious metals dealer where you can get the lowest price for your precious metal products.
However, choosing the perfect precious metal company to invest your money in is not a decision you should rush into. Never choose an investment company because of promotional offers. It might just be a way of luring unsuspecting investors like you in and you could find later that their fees and margins are high, and it ends up costing you much more than the value of the special offer was worth in the first place, or that the company offers such great initial offers as they operate a scam of some kind.
Just like every other investment vehicle, you should do your own extensive research about any company before choosing one. In addition, ensure you speak to your financial advisor before making investment decisions.
Bear Lake Gold put together this BullionMax review to aid you in making your choice of gold dealer. In our professional opinion, BullionMax is a good precious metal investment company; however, they are relative newcomers to this industry sector, we did not get a great deal of confidence when we posed our series of questions to their customer services department, and we found very few positive reviews online. Hence, we cannot recommend them for your precious metal investments.
Suppose you want to invest in precious metal coins and bars through the best gold bullion retailers in the United States. In that case, we recommend you make your investment through our top five Bullionmax alternatives.
Our top five recommended companies offer excellent customer services, great education programs, and they have many satisfied customers who are happy. Most of them leave glowing references for the real transactions they have completed.
Bullionmax offers gold bullion and other selections of investment-grade precious metal products. You can buy gold and silver bullion coins, rounds, bars, and other numismatic items from the company. Bullionmax also sells quality limited edition and collectible coins for competitive prices. BullionMax does not offer Gold IRAs' although thou you can purchase Gold IRA elligible metals through them. For help with buying a Gold IRA or rolling over funds into a Gold IRA we recomend Augusta Precisou Metals.
It is easy to buy products from Bullionmax. All you need to do is to log into your account and choose the items you want to buy. After adding your orders to the cart, you can pay for them via any of the different payment methods available. The company will process your payment in one day and ship your products to you directly.