BullionMax Review

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BullionMax is a company that sells various precious metals products through its website with direct and insured shipping.

This gives clients of BillionMax a way to avoid expensive markups and they get to do business with a reputable company that has a staff that possesses nearly 100 years of experience. 

A customer can order directly off BullionMax's site and get it delivered straight from the warehouse. They are a large-scale company which means they pretty much always have available stock.

They have a mission to give customer's the most accessible precious metals buying experience with the most competitive prices.

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BullionMax Info

bullionmax homepage

BullionMax is a company that started in 2020. The company is relatively new to the industry and they offer highly competitive prices for silver, gold, platinum, and palladium.

BuillionMax states they want to create and build a company that delivers the best customer experience possible.

They do this through a commitment to innovation, investing in leadership, and providing best-in-class customer service so all of their clients feel confident they are getting everything they wanted.

BuillionMax has been and continues to be customer-focused. They want to build and flesh out long-term client relationships by bringing more and more value to the table. They are bringing value in several ways.

For one, they are offering highly competitive prices on precious metals. Likewise, they offer a smooth and seamless buying experience. They also have excellent customer service and keep continuous stock available for customers to purchase.

They truly believe that precious metals are a requisite for having a well-diversified and secure portfolio. They do their best to make the process of investing in precious metals safe, convenient, and reliable.

BullionMax focuses on maintaining a high level of availability for all of the precious metals they sell. This is especially true as it relates to the most in-demand bars, coins, and other products.

Since the business was launched, they've managed to take advantage of their industry experience and assembled a leadership team that prioritizes efficiency and safety throughout the process.

This has allowed them to reduce operational costs and pass on the savings to their customers.

When you purchase gold in an IRA, it gives you the opportunity of buying the metal in a way that is tax advantaged. By leveraging a gold IRA, you can effectively diversify your portfolio beyond the traditional asset classes like equities and bonds.

What is a Precious Metals IRA?

A precious metals or gold IRA is a retirement account that can be used to hold IRS-approved precious metals like gold for you under a custodian. There are similar rules for a precious metals IRA as a traditional one.

The only real difference is that you can hold precious metals and tangible assets instead of only paper assets.

By using this type of IRA in your retirement investing strategy, you will have the opportunity to invest in tangible goods and experience all of the benefits that come with investing in a retirement account.

Along with this, you can effectively withdraw your precious metals whenever you reach your distribution age.

Limitations on Precious Metals Held in an IRA

You will have to follow specific gold IRA rules when you have one. They have rules that you need to follow that include what you can store in them. The coins or bars that you invest in need to meet IRS standards.

The trustee also needs to hold the precious metals and it needs to be kept secure in a depository that is IRS-approved. Any rounds or coins made out of gold need to be 99.5% pure.

The only exception to this would be the American Gold Eagle which is only 92% pure, but eligible. You can find foreign minted coins that are accepted, as well.

What Precious Metals IRA Rollover?

five gold coins

You can roll over an existing retirement account into your new gold IRA. An IRA rollover allows you to take some of (or all) the money you have in a traditional IRA and move it to your new one.

A precious metals IRA will hold coins or other physical metals. This is different from a traditional IRA where you would typically hold equities or shares.

One of the easiest and most popular ways of opening and funding an account is by transferring your money right from your other retirement account into the new one. This is a very easy procedure and it can be done online or over the phone.

You can also do it by purchasing physical gold or precious metals in an IRA rollover to protect your retirement funds from getting devalued.

This is a method that essentially deals with the tangible commodity that has an attached worth that isn't dependent on market conditions. Thus, even in periods of extreme volatility, your retirement account can remain steady.

However, you do need to go over the criteria and other information from the IRS to ensure that you are doing things by the book.

The IRS has a specific standard for evaluating the fineness of the metal and you need to know these things if you want to be a well-informed precious metals investor.

What's a Self-Directed IRA?

A self-directed IRA is directed by yourself. It allows the holders or investors to store different alternative investments in their accounts that wouldn't be eligible to be held in conventional retirement accounts.

The different investment assets that are available to traditional holders can include trusts, real estate, mutual funds, stocks, and bonds. You can also invest in some other alternative investments.

The Various Types of Bullion

  • Bullion Coins

A bullion coin is created from different precious metals. However, rather than being used for day-to-day commerce, they are treated as a way to store value or wealth.

You will find bullion coins produced by all kinds of official mints throughout the world including the South African Mint, the United States Mint, the Royal Canadian Mint, and more.

However, the only ones that can manufacture bullion coins are official national mints. Bullion coins have very sought-after designs. They tend to be very unique.

  • Bullion Rounds

Bullion rounds are not an official legal tender. They don't have the denomination nor a face value attached to them. Because of this, they can be legally produced by third parties.

They can be designed in any way because of this. They simply cannot break any copyright laws in the process.

The rounds out there tend to be less expensive than their coin counterparts. This makes them more affordable for investors. The majority of the rounds out there will sell at close to market prices or the spot price for the metal itself.

Because they can be manufactured by private companies, there is a lot more supply of them. They are easier to obtain because of this.

  • Bullion Bars

Bullion bars shouldn't be confused with ingots. One of these bars is a single piece of metal that is then designed and cut into a rectangular shape.

Some state-owned mints manufacture their bars, they are usually manufactured by third-party companies. Therefore, you will find different company logos on them and the weight will be published on them.

The downside is, that these bars are not backed by any government. Because of this, they don't have legal tender attached either.

You will find that bullion bars typically have a significantly lower premium attached to them than the spot price of the precious metal.

Selling Precious Metals to BullionMax

A good thing about BullionMax is how easy they make it for customers to sell their precious metals to them. Not only can you lock in your price by calling, but you can also get paid just as easily.

Keep in mind, that there is a $1,000 minimum if you want to sell any precious metal to them.  They have agents on standby ready and waiting to make your entire transaction as seamless and smooth as possible.

They not only offer a competitive price, but they will make their payment quickly too.

To begin the process, you can either email them or call them. They will have a bunch of questions to give you an accurate price. They'll want to know what you are selling and how to identify what you are selling if you aren't entirely certain.

They will then write down all of the details and come back with the most competitive price they can give you.

At that point, you can either reject it or lock in your price. Once the experts offer you a price that you deem to be fair and accept, they will want you to ship the item.

Luckily, you don't have to worry about any hidden fees or anything. The price they quote you is the price they will pay.

Lastly, it's time to get paid. Once they receive your shipment, they will inspect it to ensure everything is in order. From there, they will send you the money in full.

If you send out a shipment that doesn't contain what was agreed to, they will send out a revised offer based on what they got.

Is BullionMax a Scam?

While the company has only been in business for a short period of time, the management has lots of experience in the industry and they don't look like a scam company.

If they were one, they wouldn't have an A- rating on the Better Business Bureau's site nor an A from the Business Consumer Alliance.

There are some questions about the company since they've only been in business for a year or so. Therefore, you are taking on somewhat of a risk by doing business with them.

After all, there isn't a lot of feedback and reviews to base your purchasing decision on.

Shipping Cost

Any order that is placed that exceeds $199 will have free shipping attached to it. Whereas, any orders that are less than $199 will be charged a flat rate of $9.99 for shipping.


How long does shipping take?  

Once the payment clears, they start to process, pack, and ship the entire order. This process can vary in duration based on the total size of the order and what products are being shipped.

How do the orders get shipped?  

BullionMax will ship out their orders with the United States Post Office (USPS) or using UPS. Every shipment will be properly registered and insured. They will also likely require a signature upon delivery.

Do prices get locked in when the order is complete?  

Luckily, yes. Whenever you place your order, you will get an order confirmation that locks in your price. This means, that if fluctuations occur after you've agreed to purchase the precious metals, you pay your locked-in rate even if they've gone up.

Do you report purchases to the IRS?  

BullionMax is not required to have to report any sales transactions to the IRS. That is unless you (the buyer) fall under the Form 8300 requirement.

Pros and Cons


  • A client can choose from Strata Trust Company, Equity Trust, and even GoldStar Trust for custodial services
  • The vault storage is offered by the Delaware Depository or Brinks International
  • They do sell IRA-approved bullion


  • They do not have platinum or palladium products
  • They don't have direct partnerships with precious metals custodians or storage providers


Are they worth doing business with? BullionMax has very competitive prices and a wide selection of precious metals.

They don't charge the normal markup you would get with a company in their industry. They also ship directly out of their warehouse which means they don't run out of stock often (if at all).

What's best about BullionMax is how streamlined they've made the purchasing process. Also, the customer experience seems fantastic for the prices.


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