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Precious metals – gold, silver, platinum, palladium. For centuries, these shiny assets have captivated humanity. But why? It’s more than their beauty or rarity. Precious metals hold intrinsic value, providing financial security when paper currencies falter. And today, as high inflation continues to rear its ugly head, many investors are returning to these trusted stores of wealth.
But if you are looking to buy precious metals online, there’s fierce competition vying for your investment dollars. There are plenty of trustworthy companies out there that offer good value, but there are also some fly-by-night operations to avoid.
We’re going to take a look at BullionMax, who, in our expert opinion, fits nicely in the former category.
BullionMax may have only appeared on the precious metals scene a few years ago, but they’ve been generating some seriously impressive feedback from investors.
We were interested to see if this relative newcomer could deliver the goods amidst the more seasoned precious metals companies. Read on for our comprehensive BullionMax review.
Table of Contents
BullionMax Overview
As we’ve already mentioned, BullionMax is a relatively new precious metals company, having been founded in 2020. Despite its young age, it’s put together an experienced team in the precious metals industry. According to the BullionMax website, their combined knowledge amounts to 100 years of precious metals expertise.
Chief Marketing Officer Andy Klein oversees the company’s digital marketing and communications strategy. With over a decade specifically focused on marketing within the precious metals industry, Klein provides key expertise in reaching BullionMax’s target audience.
The Chief Operating Officer is Steve Emmett, who contributes nearly 20 years of operations, logistics, and product management experience from his time in other C-suite roles.
Rounding out the executive team is Matt Bailey as Human Resources Director. Bailey spent 4.5 years in a similar role at APMEX prior to joining BullionMax, giving him valuable industry HR experience.
With this experienced leadership team at the helm, BullionMax aims to take advantage of its collective expertise in the precious metals sector to offer competitive pricing and the best service.
According to the “BullionMax Guarantee” on their website, they are committed to treating customers right and doing everything in their power to delight them.
They also guarantee to charge the lowest reasonable prices on all precious metal products.
With this guarantee, BullionMax seeks to assure customers they will receive exceptional value and service when purchasing precious metals through their website.
As a direct-to-consumer retailer, BullionMax provides investors the ability to purchase physical gold, silver, platinum, and palladium online and have it shipped directly from their warehouse. This wholesale direct business model removes third-party middlemen, allowing BullionMax to offer competitive pricing.
Although BullionMax does not facilitate setting up or managing Precious Metals IRAs, its product catalog includes a wide selection of gold and silver coins and bars, meeting the IRS purity requirements for IRA eligibility. For gold, this means a minimum purity of .995, and for silver, a minimum of .999.
Customers can buy IRA-approved metals from BullionMax’s online store and arrange delivery to their chosen IRA custodian for secure storage.
BullionMax Products and Services
BullionMax offers an extensive selection of essential precious metal products, including gold, silver, platinum, palladium coins, bars, and rounds. With free shipping on orders over $199, you can cost-effectively accumulate precious metals for your portfolio by meeting this minimum. However, we should point out that there are other precious metal dealers online that do offer free shipping.
Gold
BullionMax stocks a large and growing collection of gold coins, gold bars, and gold notes for precious metals investors.
Gold Coins – Investors can purchase at multiple price points and Gold IRA contribution limits. BullionMax offers gold coins in a range of sizes, including 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz denominations.
BullionMax stocks gold coins from mints around the world, including popular options like:
- Austrian Gold Philharmonic
- Canadian Gold Maple Leaf
- Australian Gold Kangaroo
- South African Gold Krugerrand
- American Gold Eagle
Gold Bars – At BullionMax you can purchase gold bars ranging from a gram to a kilo in weight from the top global mints. Gold Bars will offer you the most direct exposure to gold prices.
Gold Notes – If you are on a budget or want to diversify your portfolio, BullionMax also stocks gold notes. If you are unfamiliar with them, they are debt instruments backed and redeemable in gold bullion.
Silver
If the white metal is your precious metal of choice, BullionMax has silver coins, bars, and rounds in stock and ready to purchase.
Silver Coins – BullionMax provides silver coins ranging from 1/2 oz to 2 oz so that investors can purchase at different price points.
Their collection represents iconic issues that include:
- American Silver Eagle
- Canadian Silver Maple Leaf
- British Silver Britannia
- Chinese Silver Panda
Silver Bars – From 1 oz to 1 kilo, precious metals investing in silver bars is open to all investor levels at BullionMax. You can buy a single 1 oz silver bar or graduate to larger 10 oz and 100 oz bars as your portfolio grows.
Silver Rounds – If you are seeking silver on a budget, silver rounds offer an affordable option. Choose from Fractional, 1 oz, or 2 oz Silver Rounds.
Other Precious Metals
Looking beyond gold and silver? BullionMax also gives you an opportunity to diversify into other precious metals, such as platinum and palladium. While less mainstream than the classic precious metals, it’s a way to further spread exposure. The site includes both platinum and palladium coins and bars.
Customer Support
Customer service is a priority for BullionMax. Customers can contact their team by phone during business hours or reach out by email if they have any questions or need support.
The company also provides extensive self-service resources through its Knowledge Base and FAQ section on the website.
The Knowledge Base aims to educate precious metals investors on all aspects of buying, owning, and selling gold bullion.
Some of the topics covered in the BullionMax Knowledge Base include:
Security – Best practices for keeping your coins and bars safe and secure.
Coin Fundamentals – An education in properly caring for and assessing the value of coins.
Investing Fundamentals – The rationale for considering precious metals as long-term stores of value.
Metal Fundamentals – The intrinsic properties and characteristics of gold, silver, platinum, and palladium.
Precious Metals Mining – An overview of how precious metals are extracted and how this impacts market supply.
BullionMax doesn’t skimp on its FAQ section either, with detailed questions and answers on ordering and selling to BullionMax, IRAs, and more.
Sell Precious Metals to BullionMax
In addition to purchasing precious metals, BullionMax also provides investors with an easy way to sell their holdings directly back to the company.
BullionMax has an innovative do-it-yourself Sell-To-Us tool, so you can conveniently lock in a sales price online anytime (24/7) without speaking to a representative. Or, you can simply call or email BullionMax to initiate the process if you prefer a more personal service.
The process is straightforward either way – use the online tool or call to request a price quote. BullionMax will assess your metals and provide a competitive offer. If you choose to accept, ship your precious metals to BullionMax using simple provided instructions.
Once received and verified, BullionMax will issue your payout swiftly via your choice of payment methods like check, wire, or ACH deposit.
The minimum amount to sell back to BullionMax is $1,000 in combined precious metal value.
BullionMax Online Reviews and Testimonials
Despite only being founded in 2020, BullionMax has already garnered abundant positive feedback online from satisfied customers.
At the time of writing, on Shopper Approved, BullionMax enjoys a 4.8/5 customer rating based on over 6,000 reviews.
BullionMax also maintains an excellent A+ rating from the Better Business Bureau. They first became BBB accredited in April 2021 and currently hold a 4.93/5 average on the BBB site based on customer reviews.
On Trustpilot, an independent review site, BullionMax has a strong 4.5-star rating.
Pros and Cons
As our BullionMax review draws to a close, we’ve provided you with a quick summary of the good and bad we found for this precious metals dealer.
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Company Details
Company: BullionMax
Address: 6125 Luther Lane, #283 Dallas, TX 75225
Phone: (800) 729-3202 (Mon-Fri 8 am – 6 pm)
Email: info@bullionmax.com
Website: www.bullionmax.com
Final Thoughts – Is Bullionmax Legit?
After taking an in-depth look at BullionMax, we find no major red flags or concerns about this relatively new precious metals dealer. Despite their limited operating history, they have quickly established a reputation as a reputable company.
BullionMax provides a no-nonsense buying experience directly from their own inventory for investors solely looking to buy physical precious metals.
The lack of integrated IRA services may be a drawback for some buyers. However, BullionMax still offers many IRA-eligible gold and silver coins for those willing to use a separate custodian. Their team can provide guidance on transferring metals to the IRA provider of your choice.
In summary, while not perfect, BullionMax excels at what it set out to do – be a direct retailer that eliminates intermediaries and unnecessary fees.
If you are still on the fence about BullionMax or are more interested in companies that provide IRA services, then check out some of our other comprehensive reviews below:
- Augusta Precious Metals (Recommended)
- Advantage Gold
- Regal Assets
- Noble Gold Investments
- Goldco Precious Metals
- Patriot Gold Group
Article Sources
At Gold IRA Blueprint, we dive deep into the world of gold IRAs, using trusted sources to back up our insights. Our sources range from official documents to expert interviews, ensuring our content is both accurate and reliable. We also draw on research from reputable publishers to give you the most comprehensive understanding possible. Check out our editorial policy to see how we maintain our high standards for accuracy and fairness. Also make sure to check out our Financial Review Process to have a better understanding of our process.
- https://www.shopperapproved.com/reviews/BullionMax
- https://www.bbb.org/us/ca/torrance/profile/precious-metal-dealer/bullionmax-1216-1419301
- https://www.trustpilot.com/review/bullionmax.com
