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With that said, let’s return to the discussion at hand!
If you're considering precious metals investment, APMEX stands out as a reputable choice.
Recognized for its extensive product range, competitive pricing, and customer service excellence, APMEX is a legitimate and trusted platform, backed by positive reviews and high ratings.
Make an informed decision and confidently explore your options with APMEX.
What is APMEX?
APMEX, or the American Precious Metals Exchange, is a trusted and licensed precious metals dealer based in Oklahoma City.
Founded in 2000, the company has established a strong reputation as a reliable platform for investing in precious metals such as gold, silver, platinum, and palladium.
Their commitment to providing exceptional customer service, an extensive selection of products, and competitive prices has helped solidify APMEX's position as an industry leader.
Let's take a closer look at key figures within the organization!
Scott Thomas: President
Scott Thomas serves as the President of APMEX, bringing his expertise in precious metals and finance to lead the company towards continued success.
His strong management skills and dedication to upholding the company's commitment to trust, integrity, and customer service help ensure that APMEX meets the diverse needs of its investors.
Kenneth Lewis: Chief Executive Officer
As the Chief Executive Officer (CEO) of APMEX, Kenneth Lewis plays a vital role in shaping the company's vision and overseeing its growth.
Leveraging his extensive experience in the precious metals industry, Lewis has successfully guided APMEX to become a well-respected and authorized precious metal exchange platform.
Doug Sterk: Chief Financial Officer
Doug Sterk, the company's Chief Financial Officer, contributes his financial acumen and expertise to ensure the fiscal stability and overall success of APMEX.
Sterk's role entails managing the company's finances, developing sound financial strategies, and maintaining transparent relationships with key stakeholders, playing a pivotal role in the company's continued prosperity.
Ryan Boyles: VP, Merchandising
As the VP of Merchandising, Ryan Boyles is responsible for developing and managing APMEX's extensive product offerings.
Boyles ensures that the company's selection meets the diverse needs and investment goals of its clientele.
His keen eye for detail and strong understanding of market trends contribute to the continued growth and success of APMEX.
By continuously upholding their commitment to trust, integrity, and customer service, APMEX's leadership has positioned the company as a top choice for precious metal investments.
As an authorized and respected platform, you can confidently turn to APMEX to meet your precious metals investing needs.
APMEX Reviews and Ratings
To examine the reliability and trustworthiness of APMEX, let's dive into the reviews, ratings, and complaints from various review platforms.
It is essential to carefully weigh these ratings and reviews when considering purchasing from APMEX.
Remember, all companies face occasional complaints, but the way they handle and resolve these situations is what truly matters.
Pros & Cons of APMEX
Pros:
Cons:
Product Selection and Availability
At APMEX, you have access to a vast selection of precious metals and related products.
They offer an impressive range of coins, bullion, and IRA-eligible products, ensuring that you can find the perfect investment for your needs.
As a reputable platform, APMEX guarantees the authenticity of all their products, making it a trustworthy source for buying precious metals.
Types of Precious Metals
APMEX provides a diverse range of precious metals to choose from, catering to various investment preferences.
Some of the precious metals offered include:
Coin and Bullion Offerings
APMEX's inventory is extensive, and they focus on providing a wide range of coins and bullion for different investment preferences.
Some popular categories include:
Investing in Precious Metals
Investing in precious metals can be a solid strategy for diversifying your IRA and mitigating risk, while potentially increasing your overall returns.
This section will provide you with information on precious metals as an investment, APMEX IRA services, and how to invest in a precious metals IRA with APMEX.
Precious Metals as an Investment
Precious metals, including gold, silver, platinum, and palladium, have long been recognized as a valuable and reliable store of wealth.
They provide a hedge against inflation, uncertain financial markets, and geopolitical events.
By investing in precious metals through an IRA, you can take advantage of their stability and long-term growth potential.
APMEX offers a wide range of IRA-approved products to diversify your retirement portfolio.
These handpicked products are guaranteed for IRA eligibility and include gold and silver coins, as well as platinum and palladium options.
APMEX IRA Services
APMEX works with preferred Precious Metal IRA Custodians that can assist you in creating and maintaining your Precious Metals IRA.
By the way, their parters are:
These custodians will also provide their preferred depositories for the storage of your IRA-eligible products.
Setting up an APMEX Precious Metals IRA account is simple, hassle-free, and can be done quickly without the burden of paperwork, lengthy approval processes, or phone calls.
This streamlined online experience offers a straightforward account creation and management process.
In just 30 minutes, you can start ordering from a wide range of precious metals suitable for your retirement savings.
How to Invest a Precious Metals IRA with APMEX
To invest in a Precious Metals IRA with APMEX, follow these steps:
By following these steps, you can effortlessly invest in your future through a Precious Metals IRA with APMEX.
Sell to Us Service
When you decide to sell precious metals such as bullion, numismatics, semi-numismatics, rare coins, and currency, APMEX's "Sell to Us" service provides a convenient, secure, and profitable way to make your transactions.
With over $1 billion of product purchased from the retail market and more than 100,000 retail purchases processed, APMEX offers a satisfying experience for its customers.
APMEX Logistics delivers optimal cost-saving benefits through their exclusive relationship with UPS.
The discounted shipping rates allows for a more convenient process and faster payment. Additionally, your precious metals are safely insured during the shipping process.
With options like Next Day or 2nd Day Air, you can expect Quick Processing as APMEX efficiently processes and authenticates your products.
Selling your valuable assets requires trust and integrity. APMEX, having been in the business for more than 15 years, takes pride in its Integrity and commitment to security throughout the entire transaction process.
Their industry-leading proprietary authentication process guarantees that every product exchanged is genuine.
Taking advantage of the Easy Shipping offered by APMEX Logistics ensures a hassle-free experience.
APMEX provides all necessary labels, and you can easily drop off your package at a specified UPS facility.
Their broad assortment enables APMEX to buy a wide range of bullion, numismatics, semi-numismatics, rare coins, and currency.
Lastly, APMEX offers Competitive Pricing, ensuring that you receive fair, market-driven prices for your precious metals.
You can request a quote either online or by calling their helpful representatives at (800) 514-6318.
Purchasing Experience
In this section, we will discuss the purchasing experience with APMEX, focusing on two main aspects: website navigation and available payment methods.
APMEX aims to provide a seamless and secure experience for customers to buy precious metals, ensuring a positive and efficient transaction process.
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Website Navigation
Navigating the APMEX website is user-friendly and intuitive, allowing you to easily browse their extensive selection of precious metal products.
The layout is designed to provide quick access to the products you are interested in, with clear menus and search functionality.
For customer support, the APMEX website offers multiple options, such as live chat and phone assistance.
Their customer service team is ready to help you with any inquiries or concerns during your purchasing experience.
Payment Methods
APMEX offers a variety of payment options to cater to your preferences and needs.
The available payment methods include:
Prices, Fees, and Costs
In this section, we will discuss the pricing, fees, and costs associated with purchasing precious metals from APMEX.
We'll cover competitive pricing and additional costs that you may encounter.
Competitive Pricing
APMEX tries to offer competitive pricing for their products, aiming to price them as close to the spot prices as possible.
The company also offers volume discounts on selected products and a 4% discount if you choose to pay via check, eCheck, or bank wire.
This ensures that you get a good deal while expanding your precious metals portfolio.
Keep in mind that prices for precious metals can fluctuate, so it's essential to stay informed and make your purchases at the right time.
Additional Costs
When dealing with APMEX, there are additional costs that you need to be aware of.
For example, if you choose to pay with Paypal, Credit Cards, or BitPay, you may encounter a 4% fee associated with your purchase.
Shipping fees are an essential factor to consider. APMEX offers free shipping on domestic US orders over $199.
This can be an excellent incentive for those purchasing a significant amount of precious metals.
When it comes to storing your precious metals, APMEX partners with Citadel Global Depository Services for storage fees.
Storage fees can vary depending on the size of your portfolio, ranging from 0.45% to 0.55%. There is a non-IRA monthly fee ranging from $15 to $45.84.
Shipping and Delivery
In this section, we'll discuss APMEX's shipping policies and delivery times to give you a clear understanding of what to expect when ordering precious metals from APMEX.
These aspects play a crucial role in ensuring your investments' reliability and safety, as well as in maintaining excellent customer experience.
Shipping Policies
APMEX offers free shipping to their US customers when they spend over $199 on their orders.
For orders below that amount, they charge a flat shipping fee of $9.95. Note that Citadel orders below $500 will also incur the same $9.95 shipping fee.
When shipping your order, APMEX utilizes Registered/Insured U.S. Mail and UPS, ensuring secure and well-insured packages in case of any mishaps during transit.
All APMEX packages are carefully and discreetly wrapped to not give any indication of their contents.
Your package’s insurance is also taken care of, with full coverage during transit; however, keep in mind that APMEX will not be responsible for packages left unattended or with an unauthorized person as per their policy.
Delivery Times
APMEX has varying delivery times for domestic orders depending on the payment method and the nature of the items in the order.
For orders paid with Credit Card, Bank Wire, PayPal, Bitcoin, or Bitcoin Cash, the general timelines are as follows:
For Personal Check and eCheck orders, there is a hold of 4-6 business days after payment processing before shipping.
Please remember that these timelines don't include weekends or holidays!
APMEX also caters to international customers through their APMEX Global service.
For detailed information on international shipping policies, you can check their International FAQ section.
Regarding tracking, your order can be tracked through the provided link in the shipping confirmation email.
Delivery dates are not guaranteed and can be affected by unforeseen delays such as bad weather or grounded flights.
APMEX Special Programs
APMEX offers unique programs to enhance the precious metal buying experience for its customers.
In this section, you'll learn about their AutoInvest program, and APMEX Club membership, which offer convenience and exclusive benefits to clients.
AutoInvest Program
The AutoInvest Program is designed to simplify your precious metal investments by automating the process of recurring purchases.
With this program, you can set up a schedule to automatically purchase a specific product at regular intervals, such as monthly or quarterly.
This is an excellent way to build up your precious metal assets consistently and easily.
Plus, it allows you to benefit from dollar-cost averaging, as you'll be investing the same amount of money at different market prices over time.
To enroll in the AutoInvest program, you need to select the products you'd like to purchase on a recurring basis, choose the frequency, and decide how much you want to invest.
APMEX handles the rest, ensuring that your precious metal purchases are made automatically according to your preferences.
APMEX Club Membership
APMEX Club Membership is an exclusive program that offers valuable perks and benefits to its members.
Some of the advantages include:
By becoming an APMEX Club member, you can further enhance your precious metal investment journey by receiving exclusive access and benefits tailored to your needs.
Education Resources
In this section, we will be discussing various educational resources provided by APMEX, focusing on three main guides: Investing Guide, Buying Guide, and Selling Guide.
These guides offer valuable insights into the world of precious metals and help you make well-informed decisions when it comes to investing, buying, or selling gold and silver.
1. Investing Guide
The Investing Guide helps you understand the benefits of investing in precious metals, such as gold and silver, as a safe-haven asset during stock market fluctuations.
You'll gain insights into the inverse relationship between stocks and precious metals, as well as expert recommendations on portfolio allocation and how much gold and silver you should own.
When it comes to choosing which precious metals to invest in, this guide also offers guidance on factors such as market trends, the wide range of precious metal products, and their collectible qualities.
Additionally, it helps investors understand when to buy gold and silver based on market trends and economic factors that impact their prices.
2. Buying Guide
The Buying Guide offers comprehensive advice on the best ways to buy gold and other precious metals.
From numismatic bullion to unique collectibles, this guide explores various options for starting or growing your coin collection.
Moreover, it provides tips on getting the most value out of your investment by stretching your dollar when buying these assets.
One key aspect of this guide is an introduction to the Bullion Card, which offers APMEX customers 4% back in precious metals when they use the card for their purchases.
Overall, the Buying Guide helps educate investors on how to make well-informed decisions when purchasing gold, silver, platinum, and palladium.
3. Selling Guide
Finally, the Selling Guide thoroughly covers the process of selling your precious metals.
This guide offers advice on selling platinum coins, determining the worth of gold quarters, and more.
It also explains how APMEX provides a simple and secure avenue for selling a broad assortment of products, with quick payments and easy shipping.
By taking advantage of these educational resources, you can enhance your knowledge on precious metal investments and make better decisions when it comes to buying and selling gold, silver, platinum, and palladium.
Frequently Asked Questions
Q1: Does APMEX sell fake gold?
APMEX is a trusted precious metals dealer that guarantees the authenticity of their products.
They establish this through their rigorous quality control processes, ensuring that you receive genuine gold or silver items when purchasing from them.
Q2: Does APMEX report to IRS?
APMEX is required to report certain transactions to the IRS if they meet specific criteria as per the law.
For example, cash transactions over $10,000 or precious metals transactions involving particular amounts and types of metals may be reported.
However, they will not report your transactions to the IRS without valid legal reasons.
Q3: Why is APMEX spot price higher?
APMEX's spot prices may sometimes appear higher than other dealers because they factor in various costs, such as handling, insurance, and a reasonable profit margin.
This ensures the stability and reliability of the business and allows them to continue providing a wide range of products and services.
Q4: Does APMEX require a signature?
Yes, APMEX requires a signature upon delivery for all orders. This is to ensure the safety and security of your valuable investment.
Conclusion
APMEX shines as a trusted leader for buying precious metals, offering a rich selection, competitive pricing, and stellar customer service.
Their unique Bullion Card further sweetens deals, distinguishing them from rivals.
For a reliable and transparent investment experience, APMEX is a choice endorsed by countless satisfied customers.
