APMEX Review

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APMEX is a good option if you’re looking for a location to buy precious metals. The business provides a vast range of affordable prices for gold, silver, and platinum products.

With only a few clicks, you can locate anything you need, from bullion bars and coins to rounds and ingots. When you first visit the site, it’s difficult to avoid feeling overwhelmed by the number of possibilities.

However, certain technologies simplify the process, such as an interactive design where you can view the price of each piece in your local currency (USD) before buying it, which increases our confidence in our purchase.

Before we get started with this review:

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APMEX Leadership Team

Founder: Scott Thomas

In the late 1990s, Scott Thomas started APMEX by buying and selling coins on eBay. Eventually, he decided to create a website and begin selling coins there, which led to the establishment of APMEX in 2000.

Thomas expanded APMEX to become one of the leading precious metals buyers and sellers in the United States, an authorized distributor for several significant government mints, and a business with clients in 60 nations.

Kenneth Lewis, CEO

Ken has more than 20 years of experience working for Fortune 500 organizations in retail and technology. He began working for APMEX in 2011 as a VP of Operations before rising to the position of CEO.

Doug Sterk, CFO

Before joining APMEX in 2017, Doug had more than 20 years of experience in finance and accounting. His expertise was crucial in assisting the business with filing its first-ever annual 10-k report.

APMEX Products and Services

A renowned precious metals merchant with almost two decades of experience is APMEX. Whether you want to invest in gold, silver, or both, the company has many items, making it simple to discover what you need.

A vast range of options is available to you. Things offered by the organization. They are experts in the following areas:

Gold Rounds and Bars

The APMEX website offers a wide selection of gold bars and rounds. The business offers all of these IRA-approved products, including:

• Gold Buffalo
• 1 oz Canadian Maple Leaf
• 1/2 oz .9999 Gold Krugerrands
• 10 oz Credit Suisse Gold Bar

Platinum Rounds and Bars

These IRA-approved platinum bars are available from APMEX and range in size from 1 g to 100 oz.

Additionally, platinum rounds in the troy-ounce, quarter-ounce, half-ounce, and ounce weights are available.

Silver Rounds and Bars

Limited edition and commemorative silver rounds and bars are offered for sale by the corporation.

These products, along with all other U.S. Mint goods, are IRA-approved.

Silver Coins

The Austrian Philharmonic, American Eagle, 1 oz South African Krugerrand, and other objects are among them. These are all items that have IRA approval.

Various Products

APMEX also offers a wide variety of additional IRA-acceptable precious metal goods.

They offer antique coins you can invest in and collect in addition to other coins and bars you may purchase.

APMEX Branded Products

Additionally, APMEX offers goods under its name that are fine enough to qualify for Precious Metal IRAs. These goods consist of:

• 1/2 oz. to 1 kg gold bars
• 1 oz. to 100 oz. Silver bars are available.
• 1 to 10 oz. Silver rounds are available.
• Only 1 oz. of platinum rounds are available.

Opening an APMEX Gold IRA

Opening an APMEX Gold IRA can be an intelligent choice if you’re interested in purchasing precious metals but want to avoid handling their storage yourself.

The business provides full-service gold IRAs with a vast product selection and affordable costs.

Since its founding in 1999, APMEX has specialized in precious metals. However, they provide excellent assistance with starting a gold IRA account. The people to contact for help are the company’s sales representatives.

They will take care of the transfer expenses and assist you with the paperwork so you can get started investing in precious metals right now. You will be guided through them by departmental representatives.

Opening a Dedicated Custodian Account

Creating a Separate Custodian Account APMEX has a dedicated custodian account where you will store your precious metals. For storing actual precious metals, different depository institutions have varied fee schemes.

IRA Asset Transfer to APMEX

The organization will assist you in transferring your retirement assets into your new account once you’ve opened one. This procedure could take up to three months, and costs might be involved.

Choosing and Buying Metals Approved by the IRA

The company will assist you in choosing the metals that are best for your account, and the transaction takes a few minutes.

You can easily buy IRA-approved products thanks to the procedure offered by APMEX. Select the kind of precious metal you wish to invest in, then wait for it to be delivered to your door.

APMEX Gold IRA Costs

Opening a gold IRA account with APMEX is free of charge, and it may take up to three months to transfer money to the specific APMEX custodian.

Every IRA transfer costs $110, which could seem excessive to certain clients. They do not impose this cost if you use a bank wire or an electronic check.

Although there are no costs associated with purchasing precious metals, the business charges $35 for each purchase. Compared to other companies that provide comparable services, these prices are relatively reasonable.

The prices change according to the metals’ current market value. The cost of metals is also impacted by market volatility, so take caution when placing your order.

Why Put Gold in Your IRA?

Individual Retirement Accounts (IRAs) safeguard your retirement and your family’s financial stability.

You can save money in these particular tax-sheltered accounts for future usage.

Investing a sizeable amount of these long-term accounts into strong and trustworthy assets is crucial for a worry-free retirement.

Cash in an IRA is possible, but it depreciates quickly, and inflation is out of control.

There is no better asset for this than gold because it is dependable, holds its value over time, and even grows in value.

Investors guard themselves by placing actual gold in IRAs as the global economy struggles due to lockdowns, shortages, conflicts, and inflation. Uncertainty is at an all-time high.

Investments in gold gain from these economic crises, which hurt most other assets.

Risk is ignoring economic dangers to your family and yourself even though you are aware of them.

Knowing the risks to your financial future and acting to safeguard it is the definition of safety. A gold IRA makes it simple to achieve this.

How to Buy Precious Metals from APMEX

Once your IRA account with APMEX has been set up, placing an order is pretty simple. To find goods of interest, peruse the website’s various subcategories.

By placing these items in your shopping basket and proceeding with the checkout process, you can buy these items. The business accepts credit cards, electronic checks, and bank wire transfers.

Select a payment type and add money to your account. The company will process and ship your order within one business day of the money clearing.

Gold Shipping and Storage with APMEX

After the funds have cleared, the company ships your order the following business day. You don’t have to be concerned about your investment being lost in any manner because APMEX uses delivery methods that are entirely insured.

You may relax knowing that your products are in excellent hands because every transaction includes an insurance policy of up to $25,000 against loss or damage during transit.

The business notifies you when they receive the merchandise and gives you a tracking number for your records.

Different shipping fees apply depending on the weight of the goods and the destination. The business ships orders daily (except weekends and holidays) from Monday through Friday.

An order placed before 1:00 p.m. CST will be shipped the same day. After 1 p.m. CST, orders will be dispatched the following business day.

APMEX Complaints

On Trustpilot, APMEX has an average rating of 3.5 out of 5 stars, and on ConsumerAffairs, it has a rating of 3/4 stars.

The following problems are raised in negative reviews:

• Apathetic customer service
• Items not arriving on time or arriving too slowly
• Order cancellations without notification

The company received compliments for the following attributes:

• Wide range of products
• Good value
• Secure delivery and packing

APMEX FAQ

Do you provide a Price Match Promise?

You won’t be overcharged because of the company’s cheap price guarantee. APMEX will match prices on any item with the exact specifications if you discover it elsewhere for a lower price.

Which forms of payment does APMEX accept?

Credit cards, electronic checks, and bank wire transfers are all accepted by APMEX.

Does APMEX allow trading in precious metals?

Additionally, APMEX provides an online trading platform where you can purchase and sell the things you have in your shopping basket. You can handle orders, keep track of pricing, determine the amount of money for each transaction (bid/ask), and it is safe.

When it comes to precious metals investing, what are the differences between a precious metals IRA and a precious metals mutual fund?

A Self-Directed IRA that permits investments in tangible metal items like Gold, Silver, and Platinum coins and bars is known as a precious metals IRA. These products are bought straight from the United States Mint or a privately held business.

On the other hand, mutual funds that invest in precious metals buy various stocks in the gold mining sector, and they are stocks traded on the stock market rather than tangible goods.

Do IRA accounts require any fees?

You won’t be charged anything to open an IRA account with APMEX. Any fees will be assessed after your initial precious metals purchase. Storage fees, transfer fees, and other costs may be charged.

Make sure to find out whether there are any costs before making a purchase.

Is it possible to purchase silver for investment without opening an IRA account?

Business customers can use a valid credit card to purchase over the phone or online. You can still acquire the most current market rates even if you don’t have an IRA because the prices are unaffected.

Is APMEX ever having a sale or a promotion?

APMEX is renowned for holding periodic sales events during which you can receive better product discounts. Before making a purchase, check the website for ongoing specials and deals.

What distinguishes buying and selling on the APMEX?

When you buy something, you are paying for the intrinsic value of the gold or silver and any added numismatic value that the business has added. You profit from the current spot price and with the numismatic value when you sell your goods.

Customer care agents can help if you have questions about your investments or products.

Pros and Cons

Final Thoughts – APMEX Review

APMEX is a beautiful option for your precious metal IRA even though there are other businesses in the precious metals sector. Your purchasing experience will be stress-free thanks to their affordable prices and interactive website.

Finding what you’re looking for is simply because of the simplistic design and the available customer care is available around-the-clock.

>>> CLICK HERE to read our list of the Best Gold IRA Companies <<<