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Bear Lake Gold has conducted this BullionMax review 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 IRA offerings, 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 precious metals and precious metal IRA companies.
investments must be in a low-risk and less volatile market. Research has proven that one of the best, safest, low-risk and less volatile investments you can make ahead of retirement is in precious metals and gold IRAs.
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 time periods.
By the end of this review, you should be able to decide whether to invest your money through BullionMax or alternatively with any of our recommended top three precious metals and IRA companies.
Please click the buttons below to see the full guides and details from our recommended top three precious metals and IRA companies.
BullionMax is a retail company that sells precious metals. The company has its HQ in Torrance, California, and 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.
The company sells precious metals but is not a gold IRA dealer. Instead, it helps customers to buy IRA-eligible precious metals directly from gold IRA dealers and then deliver them to customers' location 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 aim 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.
BullionMax has a very rich education section on its website. The team provides customers with various information about investing in precious metals. This dedicated Knowledge Base informs clients on everything ranging from fundamentals in investments, to precious metals mining, to vault security and fundamentals of coins.
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 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 is the head of the company's communication strategy. He has over ten years of communications and digital marketing experience. He also has experience in retailing precious metals in the industry. He understands the industry and how marketing works there.
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.
Matt served in APMEX for over four years. Then in the industry generally, he has gathered recruitment and talent management experiences for 20 years.
BullionMax retails the following products:
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.
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 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 BullionMax, 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 precious metals.
To begin the process, you will send the company a mail or call them. Then they will give you an offer for your precious metals. If the offer suits you, lock in the price and follow the next instructions to ship the products to them. Immediately after the precious metals verification process is complete, they will pay you.
In the industry, BullionMax has a high reputation for excellent customer service. The company also offers one of the best wholesale prices in the industry. In summary, they stand out in the industry because of their world-class customer care and low prices for their precious metals.
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3.7 out of 5 stars.
One excellent review.
Goldco is one of the top precious metal and gold IRA companies on our list. Here is a summary of why they rank top on our list.
They have positive customer reviews and ratings on different public rating platforms.
Augusta Precious Metal is the top-rated gold IRA and precious metals company.
The company has a track record for offering premium gold IRA investment. The company is a top pick for many investors for the following reasons.
You can also buy a wide range of eligible IRA coins and bars.
American Hartford is the last but not the least in our recommended top three list. The company focuses more on family investments.
They sell quality precious metals to their customers and can buy back when the customer wants to liquidate. They also have many promotional offers for new and old customers and one of the best customer services in the precious metals industry.
Choosing the perfect precious metal company to invest your money through is not a decision you should rush. 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 them.
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.
Our three recommended companies Goldco, Augusta Precious Metals and Hartford American Gold have excellent customer services, great education programs and many satisfied customers who are happy to leave glowing references for the real transaction they have completed.
