Today we take a look at A-Mark Precious Metals. What is A-Mark Precious Metals? A scam or a legit Gold dealer? Are there better alternatives out there for you? These are some of the questions this short review will focus on. Ok, here we go!
Company: A-Mark Precious Metals
Owner: Gregory Roberts (CEO)
Price: Depends on the size of your investment
Who is it for? Precious metals investors
Overall rating: (3.5 / 5)
Important to mention (before we go into more details of this review)
We strongly recommend doing your research online before choosing a company to invest in. There are so many reviews online of clients being ripped off and scammed. So please investigate thoroughly and compare different alternatives before you make your decision.
One example: 99.9% of companies got “pushy” salespeople trying to stress you into acting fast.
Here is the thing, the #1 Recommended Gold & Silver IRA Dealer on our top-5 list got No-salesy representatives… So they won´t bother or terrorize you with phone calls.
You are a smart person, so I am sure that you understand the benefits of dealing with such a company instead, right?
+They got a couple more benefits you might appreciate as much as I do. You will understand yourself once you have visited the page (link) above.
==> See our Top-5 List of Precious Metals IRA Companies on this page <==
With that being said, let´s continue with the review on SA-Mark Precious Metals!
What is A-Mark Precious Metals about?
A-Mark Precious Metals is a precious metals trading company that offers full-service for its´s clients. It was founded in 1965, and even if I didn´t find any info about the owner on their website, I found that the CEO is listed as Gregory Roberts on Wikipedia.
The physical address of the company is 2121 Rosecrans Ave Suite 6300, El Segundo, CA 90245, USA.
Worth mentioning: The company makes its active two-way market that operates even while some of the major commodity markets are closed. You can read more about that on their “About” page (opens in new window)
How does it work?
In short, the company specializes in selling gold, silver platinum, and palladium bullion bars and coins. They also offer different kinds of financial services.
The Products and Services
The company offers a wide range of products and services. First of all, they sell precious metals, coins and bars, and other services. Below are some of the company’s main products and services:
- Leases and Consignments
there is no info at all about precious metals IRAs.
Can you get your gold (and other metals) delivered to your home?
Yes, you can. Below is an exact excerpt on this subject from their website:
What are the shipping, handling, and insurance charges?
Answer: Quotes generally include shipping, handling and insurance. Please contact a trader for further information.
How are metals shipped?
Answer:Metals are shipped by registered, insured mail. Product could be shipped via USPS, registered and insured mail, UPS, Federal Express, armored truck or armored air freight.
Who is responsible for metals lost or damaged in transit?
Answer:When you ship metals to us, you are responsible for metals lost or damaged in transit. When we ship to you, product is insured up until good delivery.
When will I receive my order?
Answer:We usually ship your order the business day after we receive your funds. Depending on your local post office, it usually takes 3-7 business days from the time we ship your order until you receive it. We do offer expedited shipping. Pease contact a trader for further details.
If I live in the Los Angeles area or will be visiting the Los Angeles area, may I pick up my order at your location?
Answer:You may pick up your order at one of our Los Angeles Depositories. We do not offer pick up or delivery services at our El Segundo office. Please contact operations ator firstname.lastname@example.org for further information.
Can you store your investment in the company?
Yes, you can. Below is an exact excerpt from what I found on this subject on their website:
Delivery & Storage Services Worldwide
A-Mark maintains depository relationships in major financial centers throughout the world. A-Mark offers:
- 2-way market, buying or selling
- Direct drop shipping to customers
- Delivery and receipt at convenient depositories
- Allocated and unallocated inventory storage
Can you sell back to the company?
Yes, you can. Below is an exact excerpt from their website regarding this subject:
While we are not obligated to do so, we have historically made two-way markets to both sell and purchase the products we trade. We may alter this policy at any time, without notice to you.
After we physically inspect and confirm the quantity and quality of the products you wish to sell, you and the traders can negotiate a price, and we will be able to purchase the products from you.
During the time of shipment and our verification of the products, the value of the products could change dramatically. The risk of such a price change is 100% your risk. It is also your responsibility to send the materials to us and to insure them until we agree to purchase them from you. We provide you with a transaction confirmation number.
Can anybody in any country use the service?
No, the products and services provided are only for citizens living in the U.S…
Is A-Mark Precious Metals a Scam?
So, is A-Mark Precious Metals a scam? No, of course not. It is not a scam. It is a legit company. It would never have survived this long (since 1965) if it wasn´t. It also got real owners and a real address to confirm its legacy.
However, if they are your best alternative for buying or selling precious metals is another story… That leads us to the following:
A-Mark Precious Metals reviews, ratings & complaints
Below I will provide the ratings and complaints from some of the most well-known and trusted review and rating sites online so you can get a better overall picture:
BBB (Better Business Bureau)
Rating: Not an accredited business click here for details (opens in new window)
BCA (Business Consumer Alliance)
Overall rating: N/A
Overall rating: N/A
Overall rating: (3.5 / 5) (out of 6 reviews) click here for details (opens in new window)
Any Red Flags?
Well, the biggest red flag I see here is the fact that it is not an accredited business by the BBB and that there is nothing to be found on the Trustpilot website, and as (you can see yourself above) that there are close to zero reviews on the company in general.
You might think that is not a big deal. However, it is strange to look at some of A-Marks peers who got thousands of online reviews from real users. Many companies also haven´t been in business for half the time as A-Mark has.
So that is the red flag I would want to highlight most and foremost.
How´s the support?
One thing I always put a lot of weight on when it comes to the quality of the support system of a company is if they got a live chat function or not.
A-Mark does not have this, another minus (at least in my book).
They offer the “mandatory” e-mail address and phone number to contact them with your questions.
PROs & CONs of A-Mark Precious Metals?
To get a better overall picture of a company is right for you or not, it is always good to compare its pros against its cons. Below I have highlighted some obvious points on both sides of the spectrum to make this job easier for you:
- Been in business since 1965
- Offer a wide range of products and services
- The lack of online reviews and testimonials
- Not an accredited business by the BBB
- No IRAs offered (at least no info about it on their website)
- The website lacks a bit of support and info
Do You Own or Represent A-Mark Precious Metals?
If you are a representative or associate of A-Mark Precious Metals and have found something not to be correct in this review, please, feel free to tell, and I will make sure to update the info on this post. The easiest way to do it is in the comment section below, or simply by sending us an e-mail on email@example.com
Final Words and Verdict on A-Mark Precious Metals
Overall rating: (3.5 / 5)
Ok, I think that sums up the overall picture of this company pretty well for now. This is a legit company, yes, absolutely, and it also seems to be a good one.
However, the fact that there is close to nothing to be found in the form of reviews from its client and because the website lacks in info and support, I can not give a higher rating than 3,5 stars (out of 5) for now.
It can, of course, change to a higher or lower one in the future as the reviews on this website are getting updated as soon as some “news” on a company comes up.
You have made a smart choice reading this review as it is always recommended that you research and compare many different companies against each other before making an educated decision.
I am sure that you will find an IRA custodian that is right for you as you clearly (as you have read this far) understand this concept.
Which Company Do You Recommend?
If you are looking for a reputable gold IRA custodian besides any other company, you should check out Augusta Precious Metals.
They have ZERO complaints from A LOT of real users. They are used by conservative legends respected by well-known publications and websites.
And A LOT more benefits!
I hope you found this short review on A-Mark Precious Metals to be helpful, and now you might have a better overall picture of what it is and if it is a scam or not, and importantly, will it be something for you? If you have used any of its services, please share your experience with us in the comment section below, as it can help others. Also, if you got any other questions on this review, I will be more than happy to answer them below.
I wish you the best!
Founder of: Gold Retired