APMEX Precious Metals IRA Review: A Good Investment for Investors?

An individual retirement account (IRA) is an excellent way for investors to set aside money that is withdrawable at any time without being penalized. This account allows investors to invest their savings and enjoy tax advantages. Investing in a precious metal IRA could be your best option if you’re looking for a place to diversify your assets. 

Once you have opened an IRA, you can start investing in numerous ways. Precious metals are one of the most popular types of investments there are. Moreover, once you have bought into precious metal as an investment, you will find that they tend to many other companies over the long term. 

These include gold bullion coins and bars, silver bullion coins and silver bars, and different types of precious metals such as platinum, palladium, or other metals.

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)

>> Click Here To View Our Updated List of the 5 Best Companies <<

See if APMEX made our list this year, or continue with this review below to see if they are possibly the right company for your investment needs.

What Is a Precious Metals IRA?

An individual retirement account (IRA) for the precious metal is a type of retirement account that enables you to pay the price of precious metals like gold, silver, and platinum. Gold and silver are traditional precious metals because our ancestors used them as currency for thousands of years. 

These metals were like money, and because of this, buyers see them as a more stable asset than other types of investments. Investing money in a precious metals IRA allows you to benefit from the fact that these metals are a more stable investment than stocks.

APMEX Overview

APMEX Precious Metals IRA

If you’re searching for an excellent site to acquire precious metals, APMEX is a good option. The company provides a diverse range of gold, silver, and platinum pieces at reasonable pricing.

With only a few clicks, you may find everything from coins and bullion bars to ingots and rounds. Given the number of possibilities, it’s difficult not to become intimidated the first time you visit the site.

However, some features make the job easier, such as an engaging design that allows you to see how much every piece would cost in your country’s currency before purchasing it, which gave us greater confidence in our purchase decision.

APMEX Products and Services

You can hold your investments in various precious metals, including gold, silver, and platinum. If you have a high-end taste for rare and physical metal, you can buy palladium and other less-common-but-still-valuable assets. 

You can select from a wide variety of items from the brand. It’s an expert that specializes in the following products:

Gold Bars and Rounds 

APMEX Gold

The APMEX website has a large selection of gold bars and rounds. This company sells all of the following products, which are IRA-approved, such as:

  • Canadian Maple Leaf – 1 oz 

  • Gold Buffalo

  • Credit Suisse Gold Bar – 10 oz 

  • .9999 Gold Krugerrands – 1/2 oz 

Platinum Bars and Rounds 

These items are available at APMEX, approved by the IRA, platinum bars ranging from 1 g to 100 oz. Additionally, buyers can locate rounds weighing one troy ounce, 1 oz, ½ oz, and ¼ oz. 

Silver Bars and Rounds 

The business offers commemorative and limited-edition silver products such as rounds and bars. 1 oz American Eagle, Morgan Dollar, Walking Liberty, and other IRA-approved products are available.

Gold Coins 

APMEX offers a diverse range of gold coins in which to invest. The American Eagle, 1 oz South African Krugerrand, Austrian Philharmonic, and other IRA-approved products are available at the company.

Other Products 

This company also supplies a wide range of additional IRA-approved physical metal goods. It sells antique coins that you may acquire and other coins and bars.

APMEX Branded Products

In addition, APMEX sells labeled items that match the fineness standards in gold IRAs. Among these items are:

  • Gold bars from 1/2 oz. – 1 kilo

  • Silver rounds and bars from 1 oz. – 10 oz.

  • Platinum round is only available in 1 oz.

How to Open an APMEX Gold IRA

If you want to purchase precious metals but prefer not to deal with the trouble of keeping them yourself, an APMEX Gold IRA could be an excellent alternative.

APMEX focuses on precious metals, and it has been around since 1999. The company provides full-service gold IRAs with a diverse product offering and affordable pricing. However, it provides excellent assistance in setting up a Gold IRA account. To get help, contact the company’s sales personnel.

Its sales personnel will assist you with the registration and transaction fees so that you may begin investing in precious metals immediately. The department representatives will walk you through these processes.

Establishing a Dedicated Custodian Profile

APMEX offers a dedicated custodian account to store your precious metals. Other depository companies charge different fees to retain precious physical metals while doing the same service.

Gold IRA Assets Transfer to APMEX

When you open a new account, APMEX will assist you in transferring your retirement assets from your existing IRA to it. This method can take as long as three months and may incur expenses.

Choosing and Buying Metals Approved by the IRA

APMEX’s approach makes it simple for you to buy IRA-approved products. All you need to do is select the precious metal you wish to purchase and wait until it arrives at your door. The company will assist you in determining which metals are appropriate for your profile, and purchasing them should take several minutes.

APMEX Gold IRA Costs

When creating a gold IRA account with APMEX, there are no costs. It can take three months to transfer the funds to the specialized APMEX custodian. The organization costs $110 for each gold IRA transfer, which might also appear excessive to some customers. If you use a bank wire or an electronic check, it does not charge this cost.

There are no costs for purchasing precious metals; however, the corporation charges $35 for each precious metal purchase. These fees are pretty modest compared to other companies that provide similar services.

Furthermore, the prices change according to the current market value of the metals. Therefore, be cautious while placing your order since metal prices are affected by market volatility.

How to Buy Precious Metals from APMEX

After establishing your gold IRA profile with APMEX, placing an order is a breeze. Browse the website’s various sub-categories to discover items of interest. You can buy these items by putting them in the shopping basket and completing the payment process. Electronic checks, credit cards, and bank wire transactions are all accepted.

Select a payment option and fund your profile, and the company will handle and deliver your purchase within one working day after the funds have cleared.

Conclusion

Precious metals are one of the most popular ways to diversify your assets. When you purchase precious metals, you can benefit from the fact that they are more stable than any other investment. They are also a great way to put money into a gold IRA. 

Furthermore, precious metals also tend to be very rare and valuable, making them a great way to add value to your investment. If you are looking for a place to diversify your assets and have a precious metals IRA, Apmex is the place to look. They offer a wide range of products and are incredibly reliable.

You can also sell from your precious metals IRA if you’re interested in selling and getting your funds back to your existing IRA. Before purchasing these items, consider the difference between standard and self-directed precious metal IRAs. This difference can mean a lot.

Frequently Asked Questions

Can You Take Possession of Precious Metals in a Gold IRA?

Yes, you can take possession of precious metals in a gold IRA. The IRS allows you to take physical possession of bullion, coins, and other precious metals held in a gold IRA account so that you can maintain control over your assets.

However, you will need to consult with a tax professional or a financial advisor to ensure that this strategy is right for you and meets your tax and investment goals. The IRS requires that your Precious Metals IRA be held in a custodial account.

What Precious Metals Are IRA Approved?

Precious metals that are IRA-approved include gold, palladium, and several other products. These metals are often seen as a safe investment choice because they are less volatile than other assets such as stocks or bonds. Additionally, precious metals can be stored as physical assets or traded on marketplaces, which makes them attractive options for investors.

Are Precious Metal and Gold IRAs a Good Investment?

While it is essential to consult with a qualified financial advisor to make an informed decision about any investment, precious metal IRAs can be a valuable way to invest your money.

Precious metals are safe investments because global economic conditions do not impact them. In addition, a gold IRA is not subject to taxation, so your earnings remain untouched. Finally, a gold IRA offers the potential for compound interest, which can add significant value over time.

Therefore, while a gold IRA is only appropriate for some, it could be a good option for those who are looking for a long-term investment that is safe and tax-free.

Can APMEX Be Trusted with Your Gold?

There is no universally appropriate response to this question because each person’s trust in a particular organization will differ. However, in general, many people tend to trust APMEX more than similar retailers due to its strong reputation and commitment to providing high-quality products and services.

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