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 In this article, BullionMax Reviews 2023, we offer an in-depth review of the precious metals company, addressing the question of whether they are a scam or a legitimate gold dealer. 

BullionMax Reviews (2023): A Scam Or Legit Gold Dealer?

We understand the importance of peace of mind when making investment decisions, and our objective is to provide you with reliable and unbiased information so that you can make informed choices.

So, in our review, we strive to present a thorough and objective assessment of BullionMax, enabling you to make confident investment decisions.

Important Notice!
Before we go more in-depth on this BullionMax review, we know that choosing a precious metals IRA company is an important financial decision that can impact your financial future for years to come.

Our primary objective is to equip you with accurate and reliable information to help you find the optimal investment options for growing and safeguarding your wealth.

 With careful and extensive research, we have reviewed and rated the 7+ best precious metals IRA companies of 2023 to help make your decision easier! >>See our list of the 7+ top precious metals IRA companies (cash sales also available). 
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Since this is a comprehensive review, please feel free to use the quick links in the TOC list to jump straight to any section:

That said, let us now look at how BullionMax measures up!

Pros & Cons – BullionMax Reviews


Let’s start with a quick overview of the high-level pros and cons of BullionMax as a precious metal dealer:

  • Overwhelmingly positive customer reviews speaking positively about customer support and the quality of the precious metals products
  • A BBB rating and a 4.9 out of 5-stars customer rating
  • An expanding selection of gold, silver, platinum, and palladium coins and bars
  • An experienced and reputable leadership team
  • No high-pressure sales tactics
  • They are not a gold IRA company or custodian, nor do they have direct relationships with any
  • Storage of precious metals is not provided – you’ll need a third-party storage vendor
  • No buy-back guarantee, and limited to $1,000 or more per purchase
  • BullionMax’s website is poorly written, and several features don’t function well, making it difficult to obtain accurate and precise information

Okay, now that you have a high-level view of the pros and cons of BullionMax, let’s proceed with our review by looking at the company’s background.

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Company Background


BullionMax Reviews (2023): A Scam Or Legit Gold Dealer?Established in 2020 by a group of seasoned American precious metals professionals, BullionMax is headquartered in Torrance, California. Although relatively new to the market, BullionMax offers a wide range of gold, platinum, palladium, and silver coins and bars at wholesale prices.

As a direct-to-consumer precious metals retailer, they prioritize providing customers access to high-quality products at competitive rates. While BullionMax is not exclusively focused on gold IRAs, investors can conveniently purchase metals directly from their website.

They offer a significantly wider array of products than many traditional precious metal IRA firms. In fact, BullionMax’s product lineup includes all the most sought-after IRA-approved coins and bars, catering to the needs of retirement-focused investors.

Furthermore, they also feature a selection of rare collectible coins, allowing customers to explore unique and valuable pieces that may not be IRA-approved.

BullionMax gold coins and silver coins

In addition to that overview of the company, let’s take a quick look at the company’s leadership team.

Leadership Team

BullionMax is backed by a highly skilled leadership team, contributing to the company’s success and commitment to excellence.

Bryan Greenwood – Chief Financial Officer
Bryan brings over a decade of expertise to his role as the Chief Financial Officer of BullionMax. Before joining BullionMax, Bryan served as the VP of Finance, Administration, and Risk at APMEX, a prominent player in the industry.

Andy Klein – Chief Marketing Officer
Andy leverages his decade-long experience in the precious metals retailing industry and a deep understanding of marketing principles to spearhead BullionMax’s marketing strategies.

Steve Emmett – Chief Operating Officer
Steve brings an impressive C-suite background with nearly two decades of experience in operations, logistics, and product management.

Matt Bailey – Director of Human Resources
Matt is a seasoned professional with two decades of experience in recruiting and talent management. Matt’s expertise is applied toward nurturing a skilled and motivated workforce that can better serve its customers.

BullionMax’s mission, as highlighted on their website, emphasizes their commitment to customer satisfaction:

“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.”

If you’re ready to take action, >>>see our list of the 7+ top precious metals IRA companies (cash sales also available).

Let’s continue our review of BullionMax to see if it lives up to its stated mission by learning what its customers say.

BullionMax Reviews & Ratings


Here’s an overview of the BullionMax reviews and business ratings:

  • BullionMax receives A BBB rating and 4.96 out of 5-stars
  • As of date, they’ve had 53 reviews and only 1 complaint, which has been resolved

BullionMax BBB Rating

Nearly all the customer reviews spoke overwhelmingly about the following:

  • Excellent customer service
  • How easy it was to order from BullionMax
  • And how pleased buyers were with the precious metal products

In terms of the BCA ratings, the company received a AA rating. However, there aren’t any reviews or complaints.

Plus, Trustpilot gives BullionMax a 4.5 out of 5-star rating based on 61 customer reviews, of which 78% are 5 stars.

BullionMax Trustpilot reviews

Lastly, BullionMax isn’t registered with TrustLink, another business ratings service. Overall, the BullionMax reviews are highly positive, with clients praising the company’s customer service, products, and business experience.

Next, let’s review BullionMax’s product offerings.

BullionMax Precious Metal Products


BullionMax gold coins

When it comes to gold and silver bullion coins and bars, BullionMax boasts an extensive selection. Investors can choose from renowned options such as American Eagles, Canadian Maple Leafs, and other essential precious metal products.

It is worth noting that the U.S. government mints these coins, and each coin and bar is crafted with exceptional precision, utilizing 99.99% pure gold, ensuring their value and quality. Moreover, to provide optimal protection, every piece is meticulously sealed within a durable plastic case, safeguarding its integrity.

In addition to the widely popular IRA-approved coins and bars, BullionMax offers a selection of rare collectible coins. While these coins may not hold IRA approval, they give collectors unique opportunities to diversify their portfolios and acquire genuinely exceptional pieces of numismatic history.

Additionally, BullionMax offers an impressive range of IRA-approved products. These products adhere to the stringent guidelines set forth by IRA custodians, ensuring compliance and eligibility for inclusion in self-directed IRAs.

Whether individuals seek traditional IRA-approved options or other collectible coins, BullionMax provides an expansive range of high-quality products.

Canada Maple Leaf Gold CoinExamples of available BullionMax IRA-eligible gold coins include:

  • American Gold Eagle
  • Gold Canadian Maple Leaf

Regarding IRA-eligible silver, the selection includes:

  • American Eage Silver CoinAmerican Silver Eagle
  • Austrian Silver Philharmonic
  • Canadian Silver Maple Leaf
  • 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 gold IRA and alternative investment industry. For example, our #1 recommendation for a Digital IRA is BitIRA.

1. BullionMax Gold Coins & Gold Bars

BullionMax’s extensive selection of gold bullion, proofs, bars, and coins includes the following:

Gold Coins

  • 1 oz American Eagle Gold Coin
  • ¼ oz Canadian Wolverine Gold Coin
  • ¼ oz Australian Striped Marlin Gold Coin
  • 1/3 oz Gold Australian Bottlenose Dolphin Coin
  • ¼ oz Canadian Wild Horse Gold Coin
  • ¼ oz Canadian Twin Maple Leaf Coin

Gold Bars

  • 1 gram Perth Mint Gold Bar
  • 1 oz Perth Mint Gold Bar
  • 10 gram Valcambi LBMA Approved Carded Gold Bar
  • 50-gram Gold Valcambi CombiBar

BullionMax gold coins and gold bars

2. Silver Coins & Silver Bars

BullionMax also offers silver bullion, proofs, coins, rounds, and bars. A few of the more popular available items include:

Silver Coins

  • 1 oz American Eagle Silver Coin
  • 1 oz British Silver Britannia Coin
  • Silver 1 oz Australian Kangaroo Coin
  • 1.5 oz Silver Australian Bottlenose Dolphin Coin
  • 1 oz Silver Chinese Panda Coin
  • 2 oz British Silver 2016 Queens Beasts Lion Coin
  • 2 oz Silver Canadian Twin Maple Leaf Silver Coin
  • 5 oz Silver America the Beautiful 2021Tuskegee Airmen Coin

Silver Bars

  • 1 oz Silver Bar (various mints)
  • 10 oz Silver Bar (various mints)
  • 100 oz Silver Bar (various mints)
  • 100 gram Silver Valcambi CombiBar

BullionMax silver coins and silver bars

Additionally, they also offer a rather large selection of platinum and palladium coins and bars as well as accessories.

If you’re ready to take action, >>>see our list of the 7+ top precious metals IRA companies (cash sales also available).

Storage And Shipping


While BullionMax isn’t a dedicated precious metals IRA company, it does offer customers the flexibility to work with their preferred IRA custodian or storage provider.

For those seeking secure vault storage, BullionMax collaborates with reputable third-party providers specializing in safeguarding precious metals. And in terms of shipping, BullionMax offers free shipping on orders totaling $199 or more. Orders below this threshold have a shipping fee of $9.95.

BullionMax utilizes trusted shipping services such as UPS and USPS to ensure reliable and timely delivery of packages. Just so you know, certain deliveries may require a signature upon receipt.

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Precious Metals IRAs


Benefits Of Investing In Physical GoldAs previously noted, BullionMax is not an IRA custodian, but they can help you purchase IRA-approved coins and bars to add to your precious metals IRA. A precious metals or gold IRA is a retirement account that can hold IRS-approved precious metals like gold, but an IRS-approved custodian must hold it.

There are similar rules for a precious metals IRA as a traditional one. The only difference is that you can hold precious metals and tangible assets instead of only paper assets.

Having a precious metals IRA in your retirement investing strategy offers you the opportunity to invest in tangible goods, thereby experiencing all of the benefits of investing in this type of retirement account.

Opening a Precious Metals IRA can be a smart strategy if you’re looking to save for retirement while also benefitting from investing in precious metals.

Verdict BullionMax Reviews (2023): A Scam Or Legit Gold Dealer?


BullionMax Reviews (2023): A Scam Or Legit Gold Dealer?

Let’s return to our question at the beginning of our review: Is BullionMax a legitimate gold dealer? Based on our comprehensive analysis, the answer is yes.

Regarding the BullionMax reviews and ratings, the company is a reliable choice for investors seeking top-notch customer service, devoid of high-pressure sales tactics, and offering exceptional quality precious metal products.

In terms of inventory and product offerings, BullionMax provides customers with access to wholesale prices for coins and bullion, surpassing much of its competition in terms of product availability.

Moreover, the company has recently broadened its product catalog to include platinum and palladium assets alongside its gold and silver offerings. However, it’s worth noting that BullionMax does not currently offer dedicated storage services or engage in partnerships with third-party providers.

Additionally, as they are not an IRA custodian, individuals seeking to leverage the tax benefits of opening an IRA will need to find a custodian company to collaborate with before engaging with BullionMax.

While this may be considered an extra, unnecessary step compared to other precious metals investment companies that provide both services, BullionMax remains a reputable option.

Therefore, their attractive prices and exceptional service make BullionMax a compelling choice for individuals looking to invest in precious metals.

BullionMax Investment Alternatives


We hope our review of BullionMax provides valuable information to help your investment decisions. If you want to go deeper in your research and explore other options before settling on a final choice for your gold IRA provider, we have taken the initiative to review the 7 + best gold IRA companies of 2023.

By reading our detailed reviews of these top-tier gold IRA providers, you can gain valuable insights and compare their offerings, fees, and services to determine which aligns best with your investment goals and preferences.

In addition, we have simplified the process for you by including a convenient reviews table below, allowing you to request gold IRA kits directly from the respective companies. These kits provide essential information and materials to guide you through setting up your gold IRA account, ensuring a seamless and hassle-free experience.

>

Company Reviews Annual Fees Investment Minimums (IRA) Preferred Custodian Free Gold Kit
Goldco: Best Overall Gold IRA Company Reviews $180 $25,000 Equity Trust
Reviews $0 $50,000 Equity Trust
Reviews $175 $10,000 Equity Trust
Red Rock Secured: Best ROI Gold IRA Reviews $0 $10,000 Equity Trust
Reviews $100 $10,000 Equity Trust
Reviews $180 $10,000 Equity Trust
Reviews $80 $2,000 Equity Trust

Whether you are a seasoned investor or just beginning to explore the world of gold IRAs, these comprehensive reviews and readily available gold IRA kits serve as valuable resources for your investment decision-making.

But if you are ready to take action, >>>>request this FREE Wealth Protection Guide from our #1 recommendation of precious metals company.

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Or, you can see if you qualify for their ===> get up to $10,000 in FREE silver promotion.

If not, you can go directly to BullionMax website.

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About the Author

Gregory is a real estate sales agent and a state-certified instructor of real estate licensing and law. He has also written on economic and financial issues for many years. Originally from New York City, he's called Grand Rapids, Michigan home since 1995.

Frequently Asked Questions & Answers

Why is gold considered a safe haven investment?

Because gold serves as a hedge against inflation, deflation, currency risk, stock market volatility, etc. Gold is a store of value and should be seen as financial insurance. Historically, gold moves in the opposite direction of traditional securities like stocks, bonds, and mutual funds. When the stock market goes down, the price of gold and silver tends to rise. So, if you are looking to minimize risk, diversify your portfolio, and safeguard your wealth during times of heightened volatility, you should hold physical gold.

Why should you invest in a gold IRA?

You should invest in a gold IRA to protect your retirement savings account and make sure your assets are safe and secure, while also ensuring that your wealth will appreciate. By investing in gold and other precious metals through a gold IRA, you do not have to worry about a possible stock market crash or inflation, where your paper assets would lose their value. It also allows you to take advantage of a simple and easy IRS loophole that allows you to hold physical gold and silver with the money you already have saved in your retirement accounts, completely tax and penalty-free.

Is a gold IRA a safe investment?

Yes. Your precious metals investments are stored with a custodian, just like any other IRA asset. An IRA custodian is a financial institution that holds your account’s investments for safekeeping and sees to it that all IRS and government regulations are adhered to at all times. The custodian could be a bank, credit union, trust, or another company called a non-bank custodian.

Can I store my precious metals at home?

Non-IRA precious metals, yes. Not metals in an actual gold IRA. IRS rules forbid keeping your IRA precious metals at home or in a standard safety security box. They must be held by an approved non-bank trustee or a bank within IRS guidelines that restricts access and keeps all precious metals segregated by the customer. This ensures exact metals purchased by a specific customer are returned to that same customer once legal distribution requirements are met.

In other words, just like a Traditional IRA, the access to the precious metals in your Precious Metals IRA must be restricted in specific ways to ensure deposit and disbursement laws are followed.

Is the value of the precious metals I buy for my IRA guaranteed?

No. Like all investments, the future value of precious metals is not guaranteed and can rise or fall based on a variety of market influences. This is why it is good to diversify your portfolio with other asset classes such as cryptocurrencies, real estate, etc.

Should I invest in physical gold, future options (ETFs), gold mining stocks, or gold funds?

Indirect forms of investing in gold are much riskier than physical metal. You are relying on any third party individual or company to look after your wealth for you, and depending on the company’s success or failure, you risk losing your investment. With physical gold, you are in control of your wealth. Physical gold offers you that layer of protection and security which Gold Exchange Traded Funds (ETFs), gold mining stocks and funds do not.

Should I buy gold coins or gold bars?

It depends on your individual investment goals and situation. Gold bars are the largest and most efficient way to purchase and store large amounts of gold. They are usually also the most cost-efficient because they have the smallest premium over the gold spot price and the lowest markups for design and transportation. They are also easier to stack and more difficult to counterfeit.

Gold coins are smaller and more convenient than gold bars, but they are also harder to store because they are easier to lose. Gold coins are less efficient than bars for holding large amounts of metal and some of them may come with a higher premium over spot since they can be marked-up for design or rarity. Although, gold coins are more useful for people who intend to use their gold as money.

When it comes to gold IRAs, only certain coins are IRS approved for inclusion in IRAs. In fact, not all bars or bullion are IRS approved. The IRS or your gold IRA company maintains a list of acceptable forms of precious metals for IRAs.

When will I be eligible for distributions from gold IRA?

At age 59½, you or the beneficiary of your gold IRA can start taking penalty-free distributions from the account, according to the IRS.

What Is Augusta Precious Metals?

Augusta Precious Metals is a premium provider of precious metals products and services, with a specialty in gold and silver IRAs. The company’s reputation of a customer-first approach to sales, service and education is well-known throughout the retirement investing community. Augusta has received ZERO complaints at either the BBB or BCA since opening its doors in 2012 – and has received thousands of 5-star reviews across the most popular consumer rating platforms. And here’s a big reason for all the excitement: Augusta offers the most competitive, transparent pricing in the industry, underscored by its price-match guarantee on all coins.

Additionally, Augusta will waive fees up to 10 years for new customers (a special – ask how many years you qualify for). As much as all that is, Augusta Precious Metals offers much more to hard-working retirement savers, including a free one-on-one educational web conference designed by the company’s on-staff Harvard-trained economist. This is the same web conference attended anonymously by hall of fame quarterback Joe Montana that convinced him to become an Augusta customer. Mr. Montana’s personal financial advisors found the company for him after researching all the gold IRA companies in the U.S.! Read the full review of Augusta Precious Metals in section: Reviews.

What Is Goldco?

Goldco is one of the leading providers of precious metals IRAs, and its IRA & 401(k) rollovers are easy and painless. They pride themselves in customer service and the ability to help individuals diversify their retirement accounts and skyrocket their wealth.

Goldco has an A+ rating by the BBB, and Inc. magazine ranked Goldco the 528 in its 35th annual Inc. 5000, a list of the nation’s fastest-growing private companies. With Goldco, any investor can buy precious metals outright, even if they specialize in precious metals IRAs.

Extended Gold IRA FAQ

See more frequently asked questions and answers about Gold IRAs
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