BullionMax Review: Is This Up-and-Coming Precious Metals Retailer Worth Switching Dealers For? (2022 Update)

Home » Top Rated Gold IRA Companies + Reviews (2022) » BullionMax Review: Is This Up-and-Coming Precious Metals Retailer Worth Switching Dealers For? (2022 Update)
BullionMax
  • Editor Rating

  • Rated 4 stars
  • Excellent
  • 0/5 Avg. User Rating

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  • Quality
    Editor: 90%
  • Customer Support
    Editor: 90%
  • Pricing & Fees
    Editor: 90%

BullionMax Review Summary:

BullionMax is a precious metals dealer and retailer. Headquartered in Torrance, California, the company was founded by a team of American precious metals professionals in 2020. Although the company’s inventory started small, it now prides itself on offering customers wholesale prices for coins and bullion in numbers that dwarf much of its competition. However, they don't offer any dedicated storage services or partner with third-party providers. They have recently expanded their product catalog to include platinum and palladium assets that, alongside their gold and silver products.

Disclosure: Our content does not constitute financial advice. Speak to your financial advisor. We may earn money from companies reviewed.  Learn more

Pros

  • Many positive customer reviews on ShopperApproved (800+), culminating in 4.7/5 stars
  • Simple purchase and shipping process, compatible with IRA storage companies
  • Fast-growing product catalog, larger than most dedicated precious metal IRA companies'
  • Transparent American management team with decades of precious metals industry experience

Cons

  • Fairly new brand, launched in 2020
  • Has no partnership with precious metals storage providers or custodians

Company Info & Background

Although still relatively new to the industry, BullionMax (www.bullionmax.com) offers gold, platinum, palladium, and silver coins and bars at wholesale prices. As a direct-to-consumer precious metals retailer, they are not a dedicated gold IRA company. Rather, they allow investors to purchase metals directly from their website which can then be shipped to a location of the customer's choosing—including to an IRA or retirement account custodian. 

Since its founding in 2020, BullionMax has grown its product catalog considerably to the point that they now offer far more products than many precious metal IRA firms. All of the most popular IRA-approved coins and bars are offered in their product lineup, in addition to some rare collectible coins that may not be IRA-approved. 

The company website states, “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.” In our estimation, they do a pretty good job of living up to this mission, despite their few flaws.

BullionMax has a comprehensive education section providing clientele with a myriad of information regarding precious metals investments. Its dedicated “Knowledge Base” sheds light on everything from investment fundamentals to coin fundamentals, to information about precious metals mining and vault security.

BullionMax Management Team

BullionMax is fully transparent about their management team, who combine for nearly 100 years of experience in the precious metals industry. 

Bryan Greenwood, Chief Financial Officer

Portrait of BullionMax company executive, Bryan Greenwood
Bryan Greenwood, BullionMax CFO

Heading the BullionMax leadership team is Bryan Greenwood, who boasts over a decade of experience in precious metals retailing and six years previously serving 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

The BullionMax communication strategy is headed by Andy Klein, who has 10 years of experience in digital marketing and communications. Mr. Klein also has a decade of experience working in the precious metals retailing space and has a deep understanding of industry knowledge and marketing expertise.

Steve Emmett, Chief Operating Officer

Portrait of BullionMax executive, Steve Emmett.
Steve Emmett, BullionMax COO

The company's COO is Steve Emmett, who brings nearly two decades of C-suite experience in operations, logistics, and product management. Per the BullionMax website, Mr. Emmett's central role is to keep all parties within the organization driving forward toward their necessary goals.

Matt Bailey, Human Resources Director

Lastly, Matt Bailey heads up the HR department at BullionMax after serving for four and a half years at APMEX and working in recruiting and talent managing for two decades.

BullionMax Custodians and Storage

Since BullionMax is not a precious metals IRA company, they have neither a preferred IRA custodian nor storage provider. Still, customers can work with BullionMax to ship their metals to whichever IRA service provider they choose for a relatively seamless retirement investing experience.

Secure vault storage can be provided by third parties depending on the individual preferences of clientele. Reputable companies such as Brink's can help you store your assets securely in fully FDIC-insured vaults.

BullionMax Products

The BullionMax catalog is smaller than some other precious metals dealers, but has recently expanded by a wide margin to include palladium and platinum-group assets. Retirement savers wishing to hold gold, platinum, palladium, or silver in their retirement account, there are IRA-approved available products on offer from BullionMax.

Examples of available IRA-eligible gold coins include the American Gold Eagle and the Gold Canadian Maple Leaf. Regarding IRA-eligible silver, the selection includes the American Silver Eagle, Austrian Silver Philharmonic, Canadian Silver Maple Leaf, and Australian Silver Kangaroo. Moreover, there are gold and silver bars available in various weights.

Note that cryptocurrencies are not offered by BullionMax, unlike some of their competitors in the IRA and alternative investing space. For more information about how cryptocurrencies such as Bitcoin can supplement your diversification strategy, read our exclusive guide to retirement investing with crypto here.

View more assets on offer from BullionMax here.

BullionMax Reviews, Ratings, and Complaints

Below we offer a diverse selection of reviews, ratings, and complaints pertaining to BullionMax from trusted consumer reporting and rating agencies sites. Simply click on the links provided to study the reviews in greater detail.

  • BBB Complaints: 0 complaints in the last 3 years (Details)
  • BCA Complaints: 0 Complaints (Details)
  • RipOff Report: No Reports

BullionMax Contact Information

  • Address: 3440 W Carson St, Suite 200 Torrance, CA 90503
  • Phone: (800) 729-3202
  • Email: info@bullionmax.com

Do We Recommend BullionMax?

Yes, investors looking for a streamlined, no-nonsense precious metals investing process should consider BullionMax. Although we originally were lukewarm on their services, they've shown considerable development in the few years that they've been in business. As their product catalog continues to expand, and they offer fees and markups are increasingly competitive rates, BullionMax will likely end up one of the top names in the industry in short order.

If you're one of the 58.9% of Americans with less than $100k saved in retirement accounts, you can benefit from diversifying with precious metals. Without a large nest egg, there's little margin for error. Gold and other hard assets can help safeguard the wealth you have, and retailers like BullionMax can help you get there.

With that said, it's essential to carefully consider all the different precious metals companies available, prior to making any purchases as part of your IRA investment strategy. In addition to its overall reputation, be mindful of a company’s bullion prices, buyback policies, and, most importantly, their reputation. For a full list of gold IRA companies and bullion retailers like BullionMax, check out our precious metals company review catalog here.

BullionMax Review Summary

BullionMax is a precious metals dealer and retailer. Headquartered in Torrance, California, the company was founded by a team of American precious metals professionals in 2020. Although the company’s inventory started small, it now prides itself on offering customers wholesale prices for coins and bullion in numbers that dwarf much of its competition. However, they don't offer any dedicated storage services or partner with third-party providers. They have recently expanded their product catalog to include platinum and palladium assets that, alongside their gold and silver products.

Phone: (800) 729-3202
Website: https://bullionmax.com/

Editor rating
Rated 4 stars
User rating
Rated 0 stars

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