A Review of APMEX – The American Precious Metals Exchange

Invest In APMEX Gold Bars NowThere’s been a lot of chatter about companies like Goldline and Cash4Gold ripping customers off by charging (and offering) outrageous prices for Gold.  As it stands today, Gold is trading for around $1,250 an ounce, making it a very rare commodity for traders and investors.  Silver on the other hand is trading at exactly $20 an ounce, meaning folks like you and me can buy and invest in larger quantities.  If you’ve been in the market for a place to buy Gold and Silver and haven’t had any luck, you might want to check out APMEX, the American Precious Metals Exchange.

While Gold and Silver are the most common of precious metals to buy, APMEX also allows consumers to purchase Platinum and Palladium, close to their current values.  All totaled, four precious metals can be purchased in small or large quantities from APMEX for prices that would make Goldline blush.

Signing up for an APMEX account is free and only takes a few minutes and a few common pieces of personal information (like name, address, email address, etc.).  The benefit of having an account even if you’re not looking to purchase anything right now is their weekly newsletter, which includes promo codes that will discount your purchases even more than they already are.

So let’s talk about price.  With silver sitting at $20 an ounce, you can find US minted coins, made out of .999% silver, selling for between $21 and $22 a piece.  Each coin is weighted at one ounce meaning that you’re paying about a 5% premium to own silver.  The more coins you buy, the cheaper each coin will cost but we’re only talking pennies on the dollar here, so the premium paid is still around 5%.  In addition to the cost of the coin, you will be charged a small shipping and handling fee (based on the weight of your order) so don’t think you can actually make quick money by buying silver in bulk.

Buy Silver Today From APMEX.com

Similarly, the price on Gold is $1,250 an ounce and using APMEX, you’ll have access to one ounce gold coins for between $1,300 and $1,400.  Again, you can discount the amount of one coin by buying in bulk but with Gold, that’s considerably more difficult to do.

Once purchased, the coins or bricks will be delivered to your door in around 3 business days, in the condition you expect.  Unlike Goldline or Cash4Gold, you’ll find APMEX to have a customer satisfaction rating that exceeds 98%, as it’s the most respected and well known enterprise to purchase precious metals.  And even if you find yourself more attracted to currency instead of coins, you can buy un-circulated $500 and $1,000 bills!

Reasons for buying gold and silver can range from gift giving to sound investing but no matter why you’ve decided to purchase precious metals, you’ll want to do so from The American Precious Metals Exchange.  If you’ve already done so, we’d love to hear your experiences so other consumers can be well informed.

Last Edited: September 22, 2011 @ 9:44 amThe content of ptmoney.com is for general information purposes only and does not constitute professional advice. Visitors to ptmoney.com should not act upon the content or information without first seeking appropriate professional advice. In accordance with the latest FTC guidelines, we declare that we have a financial relationship with every company mentioned on this site.
About Michael Pruser

Michael Pruser is the man. After spending a ton of money to go to the private University of Miami, Michael now enjoys spending time at home, writing personal finance articles for the world to read. His journey out of debt continues 500 words at a time.

Comments

  1. barry sotero says:

    Love this company, use it twice a month. I love to pick up my gold and silver at the post office. I have quite a stash. Great service and fast delivery. If you aren’t buying gold and silver and want to, this is the company to use. Any company that Glenn Beck is plugging like Goldline, will rip you off. Gold is up 600 percent vs. the dollar in the last ten years. Silver is actually a better investment percentage wise because it is an industrial metal. Apmex has junk silver and bullion. With gold past 1300 an ounce, it is quite expensive to buy one ounce coins. If all my friends had listened to me when I said buy gold at 350 an ounce, they would be a lot richer. With QE2 already here, there’s no better company to use than apmex.

  2. Big mistake buying from Apmex, Never again. I lost money just by placing an order. Never again will I buy from these idiots.

    • JDF

      Can you provide a few details on what happened? I’ve used these guys before and know them personally and would love any feedback you can provide.

      Thanks

  3. Obviously the worst is Goldline. Ampex is not to bad if you call and negotiate commission but it depends on who you get. My fav company so far is REGAL Gold Coins. I got my gold at just 5% over spot and they delivered in 6 days. Either way I recommend calling on the phone to negotiate and while I have no complaints with Ampex except they take longer (3 weeks) for delivery I would recommend REGAL Gold Coins

  4. Wasn’t a fan of ampex.  cachemetals  out of Toronto is great. I prefer personal service which I didn’t receive from either ap or GL.  One word of advice, if you are interested in investing, set up an account in advance so you can lock in rates.  They ship from the US, got my order is 2 – 3 days.