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If you're in the market for gold or other precious metals, BullionMax stands out with its extensive selection, offering everything from gold and silver coins to platinum bars.
BullionMax provides investors the opportunity to diversify their portfolios while avoiding exorbitant fees for storage and transactions.
Before committing to an investment with BullionMax, read on for a comprehensive review that will help you make informed decisions about your purchases.
Before we get started, investing your savings is a serious task. When it comes to adding precious metals to your portfolio, how do you know which companies to trust?
That is why we have researched every company in the industry and selected the very few with the highest customer service standards.
This way you can easily compare the best companies in the business, and choose one that fits your needs and investment goals.
Read the list to see if BullionMax passed our strict customer service standards to become one of our top recommendations.
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What Is BullionMax?
BullionMax is a relatively new precious metal dealer that formed in 2020 and is headquartered out of Torrance, CA. Even though their business hasn't been around for that long, they have a reputation for offering competitive pricing for everything from gold to palladium.
Their goal is to provide customers with the best experience possible, which they achieve by delivering helpful and knowledgeable customer service. When BullionMax first started out, they only offered gold and silver products. However, they have recently grown to include palladium and platinum assets.
Primary BullionMax Products
BullionMax offers high-quality silver, gold, platinum, and palladium bullion. They make sure to inspect each product several times before placing it in their inventory, which should give you confidence that the precious metals you buy are investment-grade.
They provide their customers with numerous features that make buying gold and silver more convenient. For instance, you can take advantage of competitive prices, fast shipping, secure payment methods, and the ability to purchase products online.
If you ever have an issue with a purchase, it's easy to get a hold of a customer representative. You can choose to do so by calling them, sending an email, submitting an online form, or chatting online.
Their exemplary customer service is one of the ways they've been able to build a strong reputation even though they've only been in business for a few years.
The precious metal products that BullionMax sells include Maple Leafs and American Eagles. All of the coins and bars that are available for purchase have a purity of 99.99%. When these products are shipped to you, they will be stored in a plastic protective case that keeps damage at bay.
Depending on the exact type of product you purchase, you'll have numerous weights to select from. For instance, silver bars and coins are available in many different weights.
If you'd like to invest in silver bars, you can choose to buy 1-10 ounce bars. You can also purchase one, two, or five-ounce coins. Whether you buy physical gold bars or silver coins, you can obtain a discount of 10% as a first-time buyer and 5% if you're a veteran.
Selling Metals to BullionMax
One of the most popular services that BullionMax offers is the ability to sell the precious metals you own to them. When you call them and request a price quote, you have the option of locking this price in, which means that a small drop in value won't be reflected in the money you earn when you sell your holdings.
Before you choose to sell your gold or silver with BullionMax, keep in mind that they have a $1,000 minimum that you must meet if you want to sell your precious metals.
In this scenario, you're unable to sell your precious metals if their total worth is around $800. Customer representatives are always available to help guide you through the process of selling your coins or bars.
If you choose to sell some of the precious metals in your portfolio with BullionMax, you'll benefit from pricing that's comparable to the current market value.
Payments are also made quickly. To start this process, you'll need to either call BullionMax or email them. They'll ask you some questions before providing you with a price quote.
For this transaction to be finalized, they'll need to know what you're looking to sell and how much you wish to sell. Once they've recorded all of the pertinent details, they'll calculate the price. At this stage of the process, you have the option to lock in a price or reject their offer.
If you accept the offer, you'll need to ship the item directly to them. There are no hidden fees for you to worry about. When they quote you a price, it's the only one you'll end up paying.
After BullionMax has received your shipment, a thorough inspection is performed to make sure that you've included everything that was agreed upon.
If the inspection goes through without issue, the payment will be sent to you in full. If you fail to include all of the products that you agreed on, they'll send you a revised offer that's based on the precious metals they received.
Knowledge Base Provided by BullionMax
BullionMax has a comprehensive trade platform that makes it easier for investors to learn about the precious metals market and understand what it involves.
The team at BullionMax regularly analyzes the broader market and implements updates to their software based on any new information they obtain. When performing market analysis, they monitor the current pricing of more than 150 silver and gold precious metals on a 24/7 basis.
Along with the price of gold and silver, they will also look at spot prices, interest rates, and 10-20 year treasury notes.
While the software is performing this analysis, it saves more than 10,000 indicators that give you the ability to peruse ample amounts of information that should make you a better and more knowledgeable investor.
BullionMax helps investors navigate the precious metals market with a blog that's updated regularly with new articles about investing. These articles are separated into five investment categories, which include:
If you want to learn more about precious metals investing before you add some coins or bars to your portfolio, navigate to the "Knowledge Base" section on the BullionMax website.
Even after you make an investment, the articles they provide will keep you up-to-date on the latest trends within the precious metals market.
Our Rating
Pros & Cons
The easiest way to determine if you should choose one gold dealer over another is by comparing the pros and cons of any companies you're considering investing with.
Although BullionMax has only been around for a few years, they are already well-regarded by many investors in the industry. The main advantages of shopping with BullionMax include:
If you make a purchase that's over $199, you'll qualify for free shipping to your home or a storage facility of your choosing. If your order is valued at $199 or less, you'll need to pay a flat fee of $9.99 to complete the shipping process.
Once your payment goes through, BullionMax will begin to process and pack your order immediately. The time it takes for them to ship out your order depends on the amount of precious metals you purchased and which types of products are being shipped.
When shipping out your items, BullionMax will use either UPS or USPS. Keep in mind that all shipments are insured and registered. You'll need to provide them with a signature to complete the delivery.
When you first make a purchase, the order confirmation you receive will lock in your price, which means that any fluctuations that occur after you've made the decision to buy precious metals from BullionMax won't be taken into account when determining the final price that you owe.
Does BullionMax Have any Red Flags?
Even when a gold dealer appears to be legitimate, this isn't always the case. Some dealers have exorbitant fees or limited stock.
The simplest method of identifying possible red flags in BullionMax is to take a look at the reviews that previous customers have written on review sites like TrustPilot, Business Consumer Alliance, and Better Business Bureau.
BullionMax has high ratings and great reviews on all of these websites. However, the fact that they haven't been in business for that long means that reviews might not be 100% representative of the experience you receive.
At the moment, there are nearly five dozen reviews for BullionMax on TrustPilot, from which they've garnered an average rating of 4.5.
On the Better Business Bureau website, they have an A rating as well as a customer rating of 4.96, the latter of which is based on 49 reviews. While the reviews and ratings for BullionMax are relatively limited, they provide a good understanding of the reputation that BullionMax has.
Since they are relatively new, you might be taking a small risk when doing business with BullionMax, which is why you should do extensive research before making a purchase.
Is BullionMax a Scam?
BullionMax is not a scam. While some customers haven't had perfect experiences when buying from BullionMax, there's nothing to indicate that you'll be ripped off when you make a purchase.
Keep in mind that they don't own any of the gold they sell. Instead, they buy bullion from many different sellers all over the world, after which these precious metals are sold to customers like yourself.
While BullionMax offers gold to customers at a higher price than what they paid for it, every gold dealer does the same. Even though pricing is higher, you'll benefit from not having to transport or store the gold.
Is It Worth It?
If you're considering buying gold or other precious metals from BullionMax, you should be confident that you'll have a great experience. Even though they only offered gold and silver when they were initially founded in 2020, their recent additions of palladium and platinum mean that their inventory is relatively similar to what you'd find with other gold dealers.
BullionMax has competitive pricing and a vast selection of precious metals, which means that they're a good company to do business with. They ship directly from their precious metals warehouse, which ensures that their stock is almost always available. You shouldn't run into problems where a specific gold coin you want to purchase is out of stock.
Conclusion
BullionMax has streamlined the entire purchasing process by allowing you to find a specific coin or bar online, add the product to a virtual shopping cart, and checkout.
This entire process can be completed in just a few minutes. BullionMax is a reputable company with more positives than negatives.
If you have any questions about investing in precious metals, BullionMax has customer representatives on hand every weekday. Make sure that you call or email them between 9AM-8PM if you want to receive a quick response.
Remember to read our list of the Top Gold Companies to see if BullionMax made the cut.
>> Click HERE to read our Best Precious Metals Investment Companies list <<
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