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APMEX is a leading precious metals retailer, providing investors and collectors with a wide selection of gold, silver, platinum, and palladium products. Founded in 1999, APMEX has grown to become one of the largest online dealers in the world, serving customers in over 60 countries.
Looking to purchase precious metals to add to your investment portfolio?
With inflation rates over the roof, the best thing you can ever do is to keep your money in assets that stand the test of time e.g., precious metals.
One of the companies that can assist you in investing in the like of gold, silver, and platinum is none other than APMEX.
This article will cover what APMEX is, how to invest in precious metals with the company, what it offers, what to expect, and much more.
Protect Your Wealth & Get Huge Tax Savings!
- APMEX Company Overview
- What Products and Services Do They Offer?
- How To Open an APMEX Gold IRA
- How to Purchase Precious Metals From APMEX
- Shipping And Storage with APMEX
- APMEX Fees and Limits
- APMEX Buy-back Program
- Why Use APMEX’s Buy-back Program?
- How Good Is Their Customer Support?
- Is APMEX legit?
- Customer Reviews
APMEX Company Overview
APMEX is one of the leading precious metal dealers in the U.S. It was founded in 1999 and originally sold and bought precious metals on eBay.
Currently, the company deals in various products, such as gold and palladium coins and bars. It provides its customers a trusted and safe way to invest in precious metals.
What Products and Services Do They Offer?
Whether you seek to purchase gold, silver, or other metals for your investment portfolio, you can get it all here.
Here are some of the products that the company specializes in:
Gold Bars and Rounds
Gold is an ideal investment option since it’s not directly related to assets such as stocks and bonds, so fluctuations in such assets aren't likely to affect it.
APMEX provides its clients with an extensive range of gold rounds and bars on its website. All of these are IRA approved.
Some of the gold bars and rounds they offer include:
- 1 oz Credit Suisse Gold Bar
- 1 oz Valcambi Gold Bar
- 1/2 oz .9999 Gold Krugerrands
In addition to gold bars and rounds, APMEX offers a wide range of IRA-approved gold coins from which you can choose.
Some of the gold coins include:
- American Gold Buffalo Coins
- American Gold Eagle Coins
- Canadian Gold Maple Leaf
Silver Bars, Rounds, and Coins
Silver is another good investment option for investors looking to diversify their investment portfolio by purchasing precious metals. It is assumed to be a safe-haven asset, so it can protect you during uncertain times.
You can purchase a wide range of limited edition and commemorative silver rounds and bars from APMEX.
Some of these silver products include:
- Silver American Eagle
- Silver Maple Leaf (Canada)
- APMEX Silver Bar
- John Wick Continental Bar
- Austrian Silver Philharmonic
Platinum and Palladium
APMEX also offers Platinum and palladium products. Some of these products include:
- 1 Gram Valcambi Platinum Bar
- 1 oz Credit Suisse Platinum Bar
- American Eagles (platinum coins)
- Canadian Maple Leaf (palladium coins)
- 1 oz Valcambi Suisse Palladium Bar
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How To Open an APMEX Gold IRA
If you want to purchase precious metals but avoid the hassle of storing them yourself, an APMEX Gold IRA is ideal for you. This is a full-service gold IRA with a broad range of products and competitive prices.
APMEX, through its company representatives, will offer assistance in opening a gold IRA account on things such as the paperwork and transfer fees.
Here are the steps a representative will take you through to open an APMEX gold IRA.
Step 1: Open A Dedicated Custodian Account
The IRS requires storing your IRA precious metals in a custodian account. Some of APMEX’s preferred Precious Metals IRA custodians include:
- The Entrust Group
- Goldstar Trust
- Kingdom Trust Company
- Strata Trust Company
- Equity Institutional
These custodians provide high-quality and reliable custodial services.
Step 2: Fund The Account
Once your custodian account is set up, you need to fund it.
You can fund the account by depositing money or transferring your retirement funds to it. This process can take up to three months, and fees may apply.
Step 3: Purchase IRA-approved Products
Once your account is funded, you can now purchase IRA-eligible products. APMEX will assist you in selecting the right metals for your account and the purchasing process. This makes it simple to shop for IRA-approved products conveniently.
How to Purchase Precious Metals From APMEX
After setting up your APMEX IRA account, opening an order for precious metals is simple. Here are the steps:
- Browse through the sub-categories on the APMEX website to find products you are interested in.
- Add the items to your shopping cart and follow the payment process to make a purchase.
- Choose the payment method and fund your account. Once the payment has been cleared, APMEX will process and ship your order within a business day.
Shipping And Storage with APMEX
APMEX ships your products within a business day of your funds being cleared. During shipping, your products are fully insured against loss or damage, so you won’t need to worry about losing your investments.
The company will also provide you with a tracking number which helps you know the status and location of your shipment.
APMEX Fees and Limits
APMEX prices its products based on market demand so the prices vary based on the metal. But once you place your order, the prices are locked.
Orders above $199 are shipped for free. Additionally, APMEX does not charge any commissions on your orders.
If you cancel your order, you will be charged a $35 fee.
Certain payment methods also incur fees, such as paying with crypto or a credit card. These two attract a 4% fee. Conversely, direct payments through wire transfer or check get a 4%discount.
In terms of limits, APMEX has some minimum requirements. For precious metals IRA, you must make a minimum purchase of $2,000.
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APMEX Buy-back Program
If you need to sell your precious metals products fast, APMEX has a buyback program that allows you to sell the company any products you purchase from them at fair market value.
Currently, the company has purchased over $1 billion worth of products from the retail market.
The buyback process is swift and easy to follow:
1. Request a Quote From APMEX
You can do this through their website or by calling them on the phone number provided. During the call, you must inform them of the products and quantity you want to sell.
APMEX’s team will then quote a price for the products, which you can lock in your phone to avoid the risk of market movement.
2. Pack And Send Your Products.
If you use APMEX logistics, the company will email you all necessary UPS shipping labels and full instructions on securely packaging your product. Follow these instructions for your package to be fully insured while in transit.
Upon receipt of the product, APMEX will authenticate the products using their best-in-class proprietary processes.
4. Get Paid
Upon receipt of the products, APMEX will pay you by the next business day. You can choose your preferred mode of payment receipt.
Most customers choose to sell to APMEX because the company provides them the peace of mind that other retail purchasers cannot offer.
Note that APMEX buys a minimum of $1,000 worth of assets from investors through its buy-back program.
Why Use APMEX’s Buy-back Program?
Here are some exclusive APMEX advantages:
- Quick payment processing
- Easy shipping
- Broad assortment
- Products expertise
- Competitive Pricing
How Good Is Their Customer Support?
APMEX’s Customer support is top-tier.
First, the company provides an email and phone number which you can use to contact them in case you need more information about their products and services. These two are found in their website’s footer.
In addition, the company also has a live chat option that you can use to talk in real time with one of the company’s specialists. However, this option is only available during specific hours and on specific days.
APMEX also has social media handles, including Facebook, YouTube, Instagram, LinkedIn, Twitter, and Pinterest. All these social media handles are active, so you can get a quick response if you contact the company via any of the handles.
Is APMEX legit?
Yes, APMEX is legit.
With over two decades of being in business, APMEX has received numerous customer reviews as one of the most reliable and credible precious metals exchanges.
According to the Better Business Bureau, APMEX has a 3.87/5 star rating, translating to an A. This shows that most of the customers are well satisfied with the service and products from the company.
According to Shopper Approved, the company has a 4.9/5 star rating overall. All these reviews are from verified purchasers, solidifying that the company provides good products and services.
APMEX accepts a number of payment options:
- Credit card or PayPal
- Wire transfer
Yes, you can. APMEX provides an online trading platform where you can sell or buy items in your cart. The platform is secure and allows you to manage and track your orders.
APMEX does not charge any fee for setting up an account with them. You will only be charged fees after your initial purchase, e.g., storage and transfer fees.
In a market full of precious metal exchanges, APMEX is one of the best precious metals dealers. It has a good track record and has solidified its legitimacy in the market by providing high-quality products and services.
The company has competitive prices and an easy-to-use website, both of which make your shopping experience free of stress.
So if you are looking for where to purchase your precious metals, APMEX is a fair choice.
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