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BullionMax an Online Gold and Silver Dealer
If you're looking to purchase bullion for cash then the online precious metals dealer BullionMax is a great option for you. Buy Gold and Silver Online With BullionMax. A new business formed in 2020, BullionMax is not a fly-by-night business. It primarily works with tradable coins and bars that most investors would be looking to hold personally for investment purposes.
BullionMax is not an IRA precious metals dealer. They buy and sell based on the product they have available at any particular time. However, they do offer the same IRA-approved coins and bars that you can purchase from other Gold IRA companies. The end goal is to provide a "wholesale" price for their precious metals, so they only offer a few dozen items that are in the warehouse. This method allows them to offer bullion at the lowest reasonable prices they can.
The goal of BullionMax is "Our entire goal is to give you a no-nonsense buying experience with the lowest reasonable prices you’ll find anywhere – the way it ought to be."
Sean Reynolds, Customer Service Manager says "the first step in buying precious metals at BullionMax is to be educated". Don't buy if you don't understand the precious metal's spot and value pricing. Understanding the precious metals market will make your investment choices clearer and you will be much more satisfied with your investment choices.
Given the business structure, BullionMax offers detailed education and many bullion options for investors looking for both IRA-qualified gold and silver, but also other minted coins and bars on the market. They are able to help investors find more products in the precious metals niche for portfolio diversification. Understanding the different Mints along with the options available will be beneficial for the investors making decisions.
Who is Behind BullionMax?
Dr. Ron Paul is a top promoter of BullionMax in many news sources. He has been featured as an industry expert that promotes the business and the precious metals industry.
Dr. Paul, a retired US Congressman out of Texas and prior served on US Gold Commission in Congress. His belief is that the dollar has lost its value as the US Government seems to keep printing more and that Gold Coins and precious metals should take over for transacting with the American people.
Members of the BullionMax Management Team (as of this writing) found information on the "about-us" page of the website.
Bryan Greenwood, CFO, more than a decade of experience in precious metals
Andy Klein, CMO, 10+ years of experience in digital marketing
Steve Emmett, COO, 2-decades of C-suite experience in
Matt Bailey, HR Director, 4+ years working at APMEX and working with recruiting and talent management 2+ decades.
What Selection of Precious Metals are Available?
BullionMax offers a large selection of Gold, Silver, Platinum, and Palladium for investors to choose. If you are looking for coins, rounds, bars, or licensed collectibles you have a lot of choices.
In the Gold Category BullionMax has several options to choose from including:
- Valcambi Gold Bar Bash
- Gold Coins
- Gold Notes
- Gold Bars
- Gold Bullion
- Gold Proofs
- U.S. Minted Coins
- Royal Canadian Minted Gold Coins
- The Perth Minted Gold
- and more
In the Silver Category BullionMax has the following to offer:
- Silver Bars
- Silver Coins
- Licensed Collectibles
- Silver Rounds
- Silver Bullion
- Silver Proofs
- Silver Perth Mint Coins
- U.S. Minted Silver Coins
- Royal Canadian Minted Silver
- Royal Mint Silver Coins
- and more
Gold and Silver Available - not all products are noted - check the website for availability.
Other Precious Metals and Offerings Available
- 1 oz Platinum Canadian Maple Leafs
- 2021 1oz British Queens Beast White Horse (Platinum)
- 1 oz American Eagle Platinum Coin
- Platinum Bars
- Platinum Bullion
- 2022 1 oz Australian 60 Years of Bond 007 Silver
- 2022 1 oz Australian Homer Simpson Silver
- 2022 1 oz Perth Mint Bart Simpson Mini Proof
- 2022 2 oz Australian Kangaroo Proof High-Relief Gold Coin
- 2022 1 oz Tokelau Goddess Europa Silver
- 2022 1 oz Canadian Maple Leaf Silver Coin
- 2020 2.5 oz Michael Schumacher Silver Proof
- 2020 1/4 oz Formula 1 Championship Gold Coin
- and more
What's in the Silver Starter Kit by BullionMax?
A unique introductory option for silver buyers would be the Silver Starter Kit. This starter kit offers four coins and one silver bar.
What you get:
- 2022 1 oz American Eagle Silver Coin
- 1 oz Australian Kangaroo Silver Coin
- 2022 1 oz British Britannia Silver Coin
- 1 oz Silver Buffalo Round
- 1 oz Silver Bar
Does BullionMax Offer Any Other Services for Precious Metals Buyers?
BullionMax is an online reseller of precious metals. They do not provide IRA services or promote any particular vault or depository.
If you are looking to sell your Gold or Silver Metals BullionMax will offer you a fair price. The process to sell them your bullion involves contacting BullionMax directly via phone or email. Have detailed information regarding what you are selling as they will ask for specific information. Then BullionMax will make an offer based on the information you have provided. If you are satisfied with the offer and ready to proceed then you can lock in your price. Now you will need to package and ship in your gold. Once they receive the precious metals and confirm the product is what was reported, then they will send you your money.
Is BullionMax a Credible Business?
A new business to the precious metals market. It appears that BullionMax is a very cridible business that has a few thousand satisfied customers.
We reviewed several sources looking for reports and reviews on BullionMax. We typically search between four and eight sources to get a good indication of the reputation of the business we review.
Searching the Better Business Bureau we found that BullionMax has an A rating and they have been an Accredited Business since 4/26/2021. The BBB notes the Rating of A is relative to the recent business opening and the four reviews giving the business each.
There has been one complaint filed with the BBB in the past year. A brief overview of the complaint involved issues with delivery and hold on the credit card and ultimately to close the complaint a credit for the coins not received. Apparently, there were some coins lost in the mail and since the customer was not happy with the response from BullionMax they held payment on the credit card. The dispute has been resolved.
In the sources we researched, there were few reviews on the company that showed them in a negative light. We found that all the reviews were favorable for a company that concerns itself with educating the customer and providing the best customer service available.
Overall, it appears that BullionMax is a very reputable company.
Pros and Cons of BullionMax
No, BullionMax does not specifically open or handle self-directed IRA purchases.
5-days. Once your transaction has been processed your price is set. You have 5 days to send in a check payment. If payment has not been received within 5 days then the price of the items purchased will go back to spot pricing and therefore your final price may change.
BullionMax takes several sources of payment;
- Gold, Silver, and Platinum in Trade (contact office for more detailes)
- Personal Check
- Bank Wire
- Credit Card
Yes, the prices listed are based on a 4% discount assuming payment with a check or bank wire. If you pay with a credit card or PayPal you will pay standard pricing.
Final Thoughts on BullionMax
Our opinion is that BullionMax is a viable online resource for the education and purchasing of precious metals. We acknowledge the business has only been in existence since 2020 and therefore there hasn't been a lot of history. But, the business appears to be offering quality customer service, and education to their customers. In addition, they were quick to react to the complaint on the BBB website and remedied the issue with a credit for the items purchased.
You can find BullionMax on all social media including Facebook, Instagram, and YouTube. The page on YouTube includes educational videos along with a blog/podcast called BullionMax Weekly where the discussion involves precious metals and also the market for gold and silver in general.
If you are a casual investor in gold and silver then BullionMax is a quality company to choose from. If you are looking to roll over your IRA or purchase a larger quantity of bullion, coins, or bars then choosing a company like Augusta Precious Metals may be a better choice. Get a FREE Guide to Gold IRA Investing from Augusta.
You as the investor needs to make sure you understand the precious metals industry and the positive and negatives of investing in gold and silver. No company, BullionMax, Augusta, or The Plug can control the market. Understanding the fees, and costs, and getting a clear understanding of what you are buying before you purchase is the sole responsibility of you, the investor.