Are you looking for a company that provides you with one of the best options to invest in precious metals such as Gold & Silver? It can be hard to find the perfect option that suits your needs. From storage locations to insurance premiums, there are so many factors to consider!
In this article, we are going to make your task a little simpler by providing you with a complete overview of one of the most famous precious metals investment companies: APMEX. Read till the end to learn about the best investment options!
American Precious Metals Exchange Company Overview
The American Precious Metals Exchange (APMEX) is a top-tier American gold, silver, and palladium bars and coins dealer. With a selection of over 10,000 products and services, they are a one-stop shop for all of your precious metal needs. Over the past two decades, it has become a leader in the precious metals industry.
APMEX has a robust selection of gold, silver, and palladium coins and bars, as well as jewellery, collectables, and commemorative items. The company also offers a variety of storage and delivery options for buyers, ranging from secure vault storage to insured delivery.
APMEX is a trusted and reliable source of precious metals. With a wide selection of products, flexible storage, and delivery options, and a knowledgeable staff, APMEX is the go-to source for investors, collectors, and hobbyists.
Diversifying Portfolio
To track their investment, APMEX offers its account users a free tool that enables them to create an inventory of their metals.
Users may enter their assets into their webpage or app to get a digital image of what they have and its present value, akin to looking at a stock portfolio, eliminating the need to track weights and check daily market values.
To enhance their approach, APMEX also provides portfolio alerting systems. These warnings may:
- When a metal hits a certain price, inform purchasing and selling tactics.
- Inform customers when a specific product is available at the requested price.
- Let customers know when popular items are replenished.
APMEX Products Fees and Costs
All products on APMEX are priced following the market situation. This implies that costs and minimums fluctuate depending on the metal type. Prices are fixed once an order is placed.
The good news is that APMEX does not require any commission when buying or selling metals. However, there are fees associated with specific processes. Cancellations are subject to a fee of $35, while certain payment methods, such as credit card or cryptocurrency, incur an additional 4%. However, direct check or wire transfer payments are eligible for a 4% discount.
In addition to fees associated with buying and selling, there are also minimum purchase requirements to take advantage of some of APMEX’s services. At least $2,000 is required for a Precious Metals IRA, and APMEX mandates that investors must sell at least $1,000 worth of metals at once.
It is important to remember that these fees and costs are standard in the industry, and APMEX is highly transparent in disclosing them.
Payment Options of Precious Metals from APMEX
Apmex provides multiple forms of payment. We will review each one below:
Credit Card or Paypal
Using a credit card or Paypal will not get you any discount. So if you are seeking reduced prices, we recommend you opt for the payment methods mentioned after this. Even if you have a credit card with cash back or rewards, it won’t match the 4% discount you get when using a check or wire transfer as payment.
Cryptocurrency
The Bitpay payment processor, used by Apmex, enables you to make payments using Bitcoin or Bitcoin Cash. As the latter’s fees are now less expensive than those of competing cryptocurrencies, we recommend opting for that method.
You will have about 15 minutes to transfer your bitcoin to Bitpay’s address. You must get in touch with Apmex’s customer support staff if the transaction times out.
Check or Wire Transfer
Many people prefer writing checks because it is easy. On the other hand, although wire transfers are just as simple an operation, people usually need help with using this process.
All the relevant information required for the transaction will be provided by Apmex, which you must print off and bring to your neighborhood bank. The bank frequently charges $20–30 for an outward wire transfer.
Opting for a wire transfer ensures fast shipment of your order. Wire transfer is equivalent to cash after it is deposited into the recipient’s account.
Customer Support
In addition to the wide selection of precious metals to buy, APMEX offers various other services. The company offers 24/7 customer service, a user-friendly website, and a buyback program that allows investors to sell their precious metals back to the company.
APMEX also has a rewards program and financing options to help customers purchase their desired products. The company is dedicated to educating its customers on the importance of investing in precious metals and the different ways to do so.
Their website offers educational resources, including frequently asked questions and a glossary of terms. Undoubtedly, APMEX is committed to providing its customers with the best possible experience.
Investment Options
APMEX offers an expansive inventory of gold bars and rounds approved for Individual Retirement Accounts. Examples of such products are Gold Buffalo and Canadian Maple Leaf of an ounce each, A Half ounce of Gold Krugerrand, and 10 ounces of Credit Suisse Gold Bar.
Furthermore, APMEX has a wide variety of gold coins that are also eligible for IRAs, including the Austrian Philharmonic, American Eagle, South African Krugerrand, and more.
Their selection of platinum bars and rounds is especially noteworthy. Their platinum products range in weight from 1 gram to 100 ounces, and they carry platinum rounds in 1-troy ounce, ¼ ounce to 1-ounce sizes.
Likewise, APMEX also offers limited edition and commemorative silver bars and rounds, such as the Walking Liberty, Morgan Dollar, and 1-ounce American Eagle. These products are all IRA-approved and endorsed by the U.S. Mint, making them a great investment for anyone looking to diversify their retirement portfolio.
In addition to their selection of precious metals, APMEX also carries a variety of collectible coins, paper currency, and coin and bar holders. They even offer a variety of rare and historic coins, so you can find something to fit any budget and interest.
Selling or Trading Your Precious Metals to APMEX
APMEX provides an online trading platform allowing customers to purchase and sell the products currently in their cart. It is guaranteed to be secure and gives you the freedom to determine the amount of money each trade requires, supervise orders, trace prices, and more.
Apmex provides a buy-back scheme, but the selling terms may not be optimal. They only accept orders of more than one thousand dollars and offer the best rates for orders of more than ten thousand.
These rates may vary according to the coins and the present supply. For generic silver, they offer below the spot price. Customers can only sell to Apmex in the United States or possess silver in a Citadel Depository.
The procedure includes shipping your bullion via mail and receiving payment upon Apmex receiving and inspecting the bullion. The primary advantage of selling to Apmex is not having to look for a buyer. Apmex will purchase any silver coin or bar that is in acceptable condition.
Apmex furnishes different payment options, including checks, ACH deposits, wire transfers and product trades. The wire transfer fee charged by Apmex is twenty-five dollars but is waived for orders exceeding ten thousand dollars.
Pros and Cons
The sheer number of proprietary products distinguishes APMEX from the traditional metals secondary markets making it one of the most sought-after companies. With this in mind, it is worth taking note of their pros and cons.
Pros
- It’s simple to choose the right precious metal to add to your portfolio, thanks to their large assortment of goods and coins at various competitive pricing points.
- A courteous and professional customer support team is another excellent perk of investing with APMEX Gold Company. The members are on hand round-the-clock to address any inquiries you may have regarding your purchase.
- All orders over $199 from APMEX Gold Company enjoy free delivery, making it simple to order and have your gold or silver items immediately. This is a fantastic strategy to save shipping expenses and ensure that your items arrive on schedule.
- Their dynamic and engaging website makes it convenient to find the ideal metal you’re looking for.
- APMEX offers a wide selection of precious metals at prices to fit all budgets and investing ideas.
Cons
- One downside is the erratic nature of the precious metals market and its attendant price swings. Due to daily price fluctuations, gold is not an investment that will always provide a profit. Even while investing in gold might have a higher level of risk than doing so in the stock market owing to market volatility, there is always some risk involved with stock market investments.
- Shipping times can occasionally be very long. You might have to wait before your investment pays off because it takes up to 10 days to get your gold once you buy it. If you’re hoping to make a quick buck, it might be a waiting game, even if the firm can offer expedited shipping for an extra cost.
APMEX Review (buy precious metals IRA and Gold Customer Reviews)
For those looking to open a gold IRA, APMEX is a highly recommended choice according to customer reviews. As one of the largest precious metals dealers, APMEX offers a wide range of options for those interested in gold IRAs, including gold IRAs, IRA accounts, and other valuable metals such as silver and platinum. With APMEX, customers can use a variety of helpful tools to stay informed about the current market price of their investments.
In addition, APMEX offers popular coins like the Silver Eagle, making it easy to diversify and grow any precious metals investment portfolio. Overall, APMEX is a reliable and trusted option for those looking to invest in precious metals through their IRA accounts. If you use APMEX to buy top gold and precious metals, then invest in physical gold and APMEX publishes prices on their website
Final Note
APMEX has earned a reputation for being trustworthy, reliable, and providing high service standards. Whether you’re looking to invest in gold, silver, platinum, or palladium, APMEX has you covered all.
One of the many goods and services provided by APMEX is a platform for online investment. This makes investing in precious metals simpler for novice investors, particularly for digital natives.
In addition to buying gold and silver from holders of metals at affordable prices, APMEX also sells metals to help you develop your portfolio, allowing you to profit from metal increases.
