BullionMax is a wholesale precious metal dealer and retailer located in Torrance, California. The company was established by a team of experts in 2020 and has rapidly grown to offer its customers some of the best prices on coins and bullion bars. While they don’t currently have their own storage facilities, they are looking into partnering with third-party providers in the future. BullionMax’s product catalog now includes platinum and palladium assets alongside their gold and silver products.
- There are many positive customer reviews on ShopperApproved, with an average rating of 4.7 out of 5 stars.
- The purchase and shipping process is simple and straightforward, they also work seamlessly with IRA storage companies.
- Their product catalog is one of the largest in the precious metal IRA industry and continues to grow rapidly.
- The American management team has a wealth of experience in the precious metals industry.
- Their brand is still fairly new, having launched in 2020.
- They currently do not partner with any precious metals storage providers or custodians.
Bullionmax Company Info and Background
BullionMax is a newer precious metal retailer that offers gold, platinum, palladium, and silver coins and bars at wholesale prices. They are direct-to-consumer company but they don’t focus on being a dedicated gold IRA company; rather, they allow investors to purchase metals directly from their website which can then be sent to wherever the customer chooses—including an IRA or retirement account custodian.
With a large and ever-growing product catalog, BullionMax offers some of the most IRA-approved coins and bars, in addition to rare collectible coins.
The company’s website outlines their goals: “to give you a no-nonsense buying experience with the lowest reasonable prices you’ll find anywhere.” In our opinion, they deliver on this mission for the most part.
BullionMax not only offers its clients a comprehensive education section but also provides answers to any questions they may have in the “Knowledge Base”. This ranges from investment basics to more niche topics like precious metals mining and vault security.
BullionMax Management Team
The BullionMax management team has nearly 100 collective years of experience in the precious metals industry and are very transparent about this with their clients.
Bryan Greenwood, Chief Financial Officer
Bryan Greenwood has over a decade of experience in precious metals retailing and previously served as VP of Finance, Administration, and Risk at APMEX. He also has extensive experience as an executive for a jeweler.
Andy Klein, Chief Marketing Officer
Andy Klein, BullionMax’s communications strategist, has a decade of experience in digital marketing as well as 10 years working in precious metals retailing. This gives him an edge with industry knowledge and marketing expertise.
Steve Emmett, Chief Operating Officer
Steve Emmett is the company’s COO and has almost twenty years of experience in operations, logistics, and product management. According to the BullionMax website, Mr. Emmett’s job is keeping everyone in the organization moving forward toward their goals.
Matt Bailey, Human Resources Director
Lastly, Matt Bailey has been with BullionMax for four and a half years and heads up the HR department. He served previously at APMEX and spent two decades in recruiting as well as talent managing.
BullionMax Custodians and Storage
Although BullionMax is not a precious metals IRA company, they can still ship your metals to whichever IRA service provider you choose. This makes for a relatively easy retirement investing experience.
As mentioned before, third-party secure vault storage can be provided depending on the individual preferences of clientele. Reputable companies such as Brink’s are able to help you store your assets securely and FDIC-insured vaults.
Although BullionMax’s catalog is smaller than some other precious metal dealers, they recently expanded their offerings to include palladium and platinum-group assets. If you’re a retirement saver hoping to hold gold, platinum, palladium or silver in your account, there are IRA-approved products available from BullionMax.
Some examples of IRA-eligible gold coins are the American Gold Eagle and the Gold Canadian Maple Leaf. For silver, this includes the American Silver Eagle, Austrian Silver Philharmonic, Canadian Silver Maple Leaf, and Australian Silver Kangaroo. You can also find various gold and silver bars in different weights.
Bullionmax Review – The Bottom Line
Investors seeking a straightforward precious metals investing process should consider BullionMax. Although we were initially lukewarm on their services, they have shown considerable improvement in the few years since they started business. As their product catalog continues to expand and offer fees and markups at increasingly competitive rates, BullionMax is likely to become one of the top names in the industry very soon.
If you’re like the majority of Americans who have less than $100,000 saved up for retirement, then it’s time to start thinking about diversifying your portfolio. Precious metals can be a great way to do this, and BullionMax can help you get started. With such a small amount saved up, there’s little room for error. Gold and other hard assets can help safeguard the wealth you have so that you can enjoy your retirement years worry-free.
When investing in an IRA, it is crucial to do your research on different precious metals companies. Consider a company’s bullion prices, buyback policies, and reputation before making any decisions. For our list of the best gold IRA companies, check out our gold IRA reviews page here.