To attain financial security, are you prepared to assume charge of your monetary prospects? Investing in precious metals such as gold and silver is a popular choice among the commonly adopted strategies for safeguarding wealth. During your search for the right gold investment company, you may have come across this platform.
Is this the right choice for you? Can you expect satisfactory products and services? To find out, let’s delve into customer experiences and gather the information you need to make an informed decision about partnering with this company.
Advisory! Prior to diving into this review, we’d like to stress that at Investors Circle, our mission is to protect your wealth. We know that our research reports may alter your investment decisions, so we want to be 100% sure you are investing your hard earned money with the right company!
With this in mind, we urge you to check out our list of the top five companies in this space (we found 1 that fits 99% of investors needs)
See if A-Mark Precious Metals made our list this year, or continue with this review below to see if they are possibly the right company for your investment needs.
With decades of experience in the gold investment industry, A-Mark Precious Metals INC stands out as a trusted and reputable company integrated precious metals platform. Since its establishment in 1965, A-Mark has been providing wholesale and retail customers all over the world with precious metal products, with other retail customers including refiners, private mints, manufacturers, and financial institutions.
One notable aspect of A-Mark is its ownership of the SilverTowne Mint subsidiary, which allows them to mint its own special silver and gold coins. In addition to a mark’s mint operations, A-Mark serves customers directly through its subsidiaries, JM Bullion and Goldline.
The Executive Vice President of A-Mark plays a crucial role in the company’s leadership and strategic decision-making. Key executive team members contribute to the company’s growth strategy and overall management and direction of the organization. Their responsibilities may include overseeing operations, business development, client relations, and other critical aspects of the company’s operations.
Headquartered in El Segundo, California, A-Mark has offices in various locations, including Las Vegas, Nevada, Dallas, Texas, Winchester, IN; and Vienna, Austria.
The operations of A-Mark are divided into three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment functions as a comprehensive, integrated precious metals platform company, offering a wide range of services. This segment distributes and purchases precious metal products from sovereign and private mints
This is a prominent e-commerce retailer specializing in the precious metals market. The company manages six distinct websites, each catering to specific segments within the precious metals and commodity markets themselves. This diversified approach allows this company to serve various niches within the industry effectively.
A-Mark: Extensive Product Selection
Gold, a highly sought-after precious metal, holds immense value for investors due to its rarity, liquidity, and potential as an inflation hedge. If you’re interested in investing in gold coins or bars, A-Mark offers a range of options to consider:
American Eagle Gold Coins
Canadian Maple Leaf Gold Coins
Austrian Philharmonic Gold Coins
South African Krugerrand Gold Coins
American Buffalo Gold Coins
Britannia Gold Coins
Queen’s Beast White Horse of Hanover Gold Coins
Queen’s Beast Unicorn of Scotland Gold Coins
Queen’s Beast Black Bull of Clarence Gold Coins
Credit Suisse Gold Bars
A-Mark extends its offering to include a diverse range of silver coins and bars. Silver, a favored investment choice by financial experts, holds promising potential due to its growing applications in technology and manufacturing. With increasing consumer demand everywhere, the price of silver is expected to rise. A-Mark presents a variety of silver coins and bars to cater to investor preferences, including:
American Eagle Silver Coins
Canadian Maple Leaf Silver Coins
Royal Arms Silver Coins
2019 Valiant Silver Coins
2019 Silver Spade Guinea Coins
Austrian Philharmonic Silver Coins
Queen’s Beast White Horse of Hanover Silver Coins
Queen’s Beast Yale of Beaufort Silver Coins
Queen’s Beasts Black Bull of Clarence Silver Coins
Britannia Silver Coins
SilverTowne Lady Liberty Silver Coins
SilverTowne $10 Indian Replica Silver Coins
SilverTowne Liberty Eagle Silver Coins
SilverTowne Prospector Silver Coins
SilverTowne 1804 Silver Coins
SilverTowne American Buffalo Coins
SilverTowne Saint Gauden Coins
Asahi Silver Bars
Royal Canadian Mint Silver Bars
Platinum, a valuable and rare precious metal, is not widely offered by all precious metals dealers. However, this is one of the best coin and bullion dealers that provide the opportunity to invest in platinum, further diversifying your investment portfolio. When considering platinum investments through A-Mark, you have access to the following options:
American Eagle Platinum Coins
Canadian Maple Leaf Platinum Coins
Austrian Philharmonic Platinum Coins
Valcambi Platinum Bars
A-Mark has established unique partnerships with different sovereign and private mints, enabling them to provide exclusive, precious metal products that are generally unavailable through other dealers. These exceptional offerings include:
Saint Helena £ Silver Bar
Queen’s Beast White Lion of Mortimer Gold Coins
Queen’s Beast White Lion of Mortimer Silver Coins
Buffalo Copper Rounds
100th Anniversary Royal Mounted Police Silver Coins
2019 Royal Arms Silver Coins
Queen’s Beasts Yale of Beaufort Gold Coins
Athena Owl Silver Coins
By offering these exclusive coins and bars, A-Mark adds further value and diversity to its customers’ investment options.
Storage and Delivery Options
A-Mark understands the importance of secure storage for your precious metals investments. They offer a range of storage options to meet your specific requirements and budget. Whether you prefer allocated or unallocated storage, A-Mark has you covered. They also provide the convenience of direct drop shipping to your preferred location or delivery to one of their secure storage facilities.
For investors purchasing precious metals for an Individual Retirement Account (IRA), A-Mark ensures that your metals are stored in an IRA-approved depository located in Las Vegas, Nevada. This ensures compliance and peace of mind for your IRA investments in precious metals.
Investor Resources: Empowering Investors with Knowledge and Tools
Investors can access a plethora of valuable information on the A-Mark website. Explore the “Charts” section on the main page, where you’ll find historical pricing charts for gold, silver, platinum, and palladium. Simply select your desired date range to view the spot price of these precious metals dating back to 2001.
Stay informed about company developments by visiting the Investor Relations page. Here, you can find the latest company news and quarterly fiscal reports, ensuring you have up-to-date information to make informed investment decisions.
Assessing A-Mark: Review and Rating Analysis
Before making any significant purchase, spending a few minutes researching a company’s reviews is crucial. This is especially true when it comes to investing in precious metals, as it involves a substantial financial commitment. By reading through customer reviews, you can gather valuable insights that may not be readily available on the company’s website, such as customer treatment, support services, and product quality.
When evaluating A-Mark, we referred to reputable review sites, including the Better Business Bureau, Business Consumer Alliance, TrustLink, and Trustpilot. However, it’s important to note that our findings were limited.
Out of these review sites, only the Business Consumer Alliance provided reviews and ratings for A-Mark. While the absence of extensive reviews does not automatically indicate a lack of trustworthiness or competence, it makes it more challenging to understand the company’s operations comprehensively.
Is A-Mark a Scam?
A-Mark is a legitimate company with a long-standing presence in the industry since 1965. The company’s physical address in El Segundo, California, further supports its legitimacy. Given the company’s public filings and its extensive history, it is unlikely that A-Mark would have sustained its operations if it were not legitimate.
However, while A-Mark is a legitimate company, it may not be the most suitable choice for your precious metals investment needs. There are a few reasons to consider exploring other gold investment companies:
Limited customer reviews: Despite A-Mark long tenure in the industry, they have relatively few customers reviews compared to other companies. Customer reviews provide valuable insights into a company’s business practices and customer experience. The scarcity of reviews leaves some uncertainty about overall customer satisfaction and service quality.
Lack of IRA services: A-Mark Metals’ website does not mention anything about IRA services. Suppose you want to incorporate gold and silver into a Precious Metals IRA or establish a new one. In that case, choosing a company that offers IRA services may be more advantageous.
Absence of live chat feature: A-Mark website does not provide a live chat feature. Although not mandatory, a live chat feature can enhance the customer experience by offering quick responses to basic inquiries. Its absence may be a drawback for those seeking immediate assistance.
A-Mark: Key Features
A-Mark offers several notable features that make it a reputable choice for precious metals investments. The company’s higher margin services enhance its business operations and profitability. These services may include:
Established Since 1965: One of the most reliable precious metal dealers with a long-standing presence in the industry, with over five decades of experience and certified by the Securities and Exchange Commission.
Diverse Customer Base: The company serves a wide range of customers in the precious metals markets, including private mints, refiners, financial institutions, and manufacturers. This diverse clientele attests to the company’s business model and trusted industry reputation.
Direct-to-Consumer Brands: This fully integrated precious metals company holds minority ownership interests or stakes in three other direct-to-consumer brands. These brands operate independently and cater to specific niches within the capital markets.
Furthermore, the company operates its Secured Lending segment through two wholly owned subsidiaries: Collateral Finance Corporation (CFC) and AM Capital Funding. CFC, established in 2005, is a California-licensed finance lender. A-Mark’s wholesale sales division is integral to the company’s operations. This division focuses on serving as a full-service provider in the precious metals industry, catering to the needs of the client.
Wide Range of Precious Metals: Investors can access a comprehensive selection of gold, and silver bullion, copper bullion, and platinum coins and bars through A-Mark. This enables diversification within their precious metals portfolio.
Exclusive Coins and Bars: This leading e-commerce retailer offers a unique collection of numismatic coins and bars that are exclusively available through their platform.
IRA Storage: For investors who purchase precious metals for an IRA, A-Mark offers storage in an IRS-approved depository located in Las Vegas, Nevada. This helps facilitate the inclusion of precious metals within IRA accounts.
Pros and Cons of A-Mark
Diversified Precious Metals: A-Mark offers investment opportunities in gold, silver, and platinum coins and bars. This allows investors to diversify their portfolios with different precious metals.
Exclusive Products: A-Mark provides access to exclusive coins and bars that are not available through other dealers. This offers unique investment options for collectors and enthusiasts.
Secure Storage Options: The company offers secure allocated or segregated storage solutions for investors who prefer to store their precious metals in professional facilities. This ensures the safety and protection of their investments.
Limited Reviews: A-Mark has relatively few customer reviews available online. This may make it more challenging for potential investors to gather comprehensive feedback about the company’s products and services.
Lack of Live Chat Feature: The absence of a live chat feature on the website means that immediate assistance or quick answers to inquiries may not be readily available. This can be a drawback for those who prefer real-time communication.
To Sum Up
In conclusion, after thoroughly evaluating A-Mark as a potential investment option, I have decided it may not be the best choice. While they offer a range of precious metals and have been in business for a significant amount of time, the lack of customer reviews raises concerns about their service quality and reliability.
Furthermore, the absence of IRA services and the inability to assist with setting up a Precious Metals IRA is a notable drawback for me. I believe incorporating precious metals into my IRA can provide valuable diversification and tax benefits, making it an important consideration in my investment strategy.
Given these factors, I have explored other reputable investment companies with established track records, positive customer reviews, and comprehensive IRA services. I must choose a company that instills confidence and meets my specific investment goals.
By conducting further research and carefully considering my options, I can make a well-informed decision and select a trusted investment partner that aligns with my needs and preferences.