By Tim Schmidt
If you're in the market for quality precious metals, then the chances are that you have come across Pimbex Metals LLC. This newcomer to the industry has made a commitment to making gold, silver, and platinum bullion more accessible to the general public.
However, before you place your order or sign up for a Gold IRA, you need to read this review. Keep reading to find out more about the company and see what actual customers are saying in Pimbex bullion reviews.
About Pimbex Metals LLC
Pimbex Metals LLC is an online retailer specializing in gold, silver, and platinum bullion. Based in Texas, this company makes purchasing bars and coins from various mints around the world much easier. It was officially incorporated in March of 2022, and through its partnership with a number of companies, it also offers investors the opportunity to set up Gold IRAs.
With a user-friendly website and transparent buying process that allows you to clearly view the image of purchased product for confirmation, it is no surprise that this newcomer to the market is growing in popularity.
Another thing that I really like about Pimbex is its commitment to security. The website clearly indicates the company's commitment to shipping orders safely and protecting users' data.
Pimbex Pros and Cons
The truth is that there are benefits and drawbacks to working with Pimbex Metals LLC. Familiarizing yourself with both the good and the bad is critical when deciding which bullion exchange to use.
Pros
- Subscription service. Gram Club is free to join and offers investors a chance to have precious metals delivered every month.
- Comprehensive range of products. Choose from a number of gold, silver, and platinum bullion bars and coins from various mints.
- Free shipping. Customers do not have to pay for shipping for orders over $299.
- Great prices. Pimbex Metals offers access to physical gold and other metals at competitive prices.
- Straightforward process. Signing up for an account with Pimbex is relatively simple and fuss-free.
- Pimbex supports IRAs. Thanks to its relationship with various trust companies, Pimbex Metals does offer IRA services.
- Focus on security. The website is designed to protect customer data and ensure that the products are secure when they are being shipped. All items are insured for complete peace of mind.
- Excellent customer service. Many reviews suggest that the company offers swift responses and handles customer complaints efficiently.
Cons
- No palladium. If you're in the market for palladium coins or bars, you'll have to look elsewhere.
- Pimbex does not deliver to Minnesota. Due to local restrictions, the company is unable to provide its services in this state.
- Little information is available about IRAs. If you'd like to set up a Gold IRA, you'll have to contact the company directly.
- Limited payment methods. Some clients complained that the online retailer does not accept credit cards. However, this matter seems to have been resolved.
Distinguishing Features
Pimbex Metals LLC stands out from its competition for a number of reasons. Firstly, it offers investors access to a wide range of products from many different mints. There are over 70 different options for gold alone!
Then, there's the discounts. When you use certain payment methods, Pimbex will give you a discount on your order. Plus, free shipping is available to anyone whose order value exceeds $299.
There's also a buyback program that allows you to sell your metals if you're hoping to free up some cash. I was also impressed by the fact that Pimbex puts a lot of effort into its customer service, allowing investors to enjoy fuss-free purchases.
What Fees Can You Expect to Pay When You Partner with Pimbex Metals?
If you're purchasing physical gold, silver, or platinum, you will have to pay a $10 delivery fee, provided your order value is below $299. All orders above that threshold include FREE shipping!
Additionally, Pimbex Metals has a subscription service called Gram Club that allows investors to receive bullion bars or coins each month at a fixed monthly price.
There are two options available to Gram Club members: $125 and $250 packages. If you sign up for this club, you will automatically be charged either $125 or $250 each month, depending on which option you choose.
From what I can tell, there are no other hidden costs or fees that you will be subjected to when purchasing from Pimbex.
Keep in mind, however, that if you do decide to set up a Gold IRA, other charges and fees may apply. Typically, the following costs are involved:
- Initial account setup fee
- Storage fees
- Annual administration fee
I could not find information on the website regarding the cost of setting up and managing an IRA, so if you're hoping to learn more about these fees, it's best to get in touch with a Pimbex representative.
Pimbex Minimum Investment: How Much Do You Need to Get Started?
When purchasing physical gold, silver, and platinum, the good news is that you are not subjected to a minimum order value. Keep in mind that a $10 shipping fee does apply for purchases under $299.
However, as mentioned already, there isn't much information available about the minimum investment requirement for Gold IRAs. To learn more, you'll have to contact Pimbex Metals.
Pimbex Reviews: Praises and Complaints
When reviewing a precious metals company, I always look at what customers have to say. That's because it provides a real-world view of how a provider is able to live up to its claims. Fortunately, Pimbex Metals reviews offered reassuring insight into the online retailer's ability to provide excellent service.
Better Business Bureau (BBB)
The Better Business Bureau is undoubtedly one of the most trusted sources for learning more about an organization's reputation. There was only one complaint on this site from an individual who claimed that the company would only refund his money after 60 days.
However, Pimbex then replied to say that they had canceled that individual's order because of how they treated a staff member, which doesn't really paint the company in a bad light.
Following reviews from others, Pimbex earned an overall rating of 4 stars and an A+ grade. In my opinion, this is a testament to its ability to deliver quality service.
ShopperApproved
Additionally, Pimbex Metals was awarded 4.9 stars on the ShopperApproved website. This followed 960 reviews. Many commended the company on its reasonable prices, fast shipping, and great customer service.
The only negative comments were concerning confusion about prices and the verification process.
Pimbex Metals Alternatives
There are many alternatives to Pimbex. I urge you to do plenty of research before investing. Some of my recent assessments are below.
Final Thoughts
If you are looking for a reliable company from which to purchase physical gold, silver, and platinum, then Pimbex Metals LLC is a great option. With affordable prices, a wide variety of products to choose from, and a simplified online purchasing process, this retailer has made it easier than ever to invest in precious metals.
While I was not able to find a ton of information about its Gold and Silver IRAs, the company does seem to offer this service. To learn more about it, we highly recommend contacting Pimbex directly.
And, if you are hoping to learn more about gold investing, please bookmark my website as I make frequent updates.
Frequently Asked Questions
1. What are the benefits of investing in gold, silver, platinum, and other precious metals?
There are a number of reasons to add precious metals to your portfolio:
- Gold and other precious metals tend to hold their value during inflationary hikes.
- They are a great option for those looking to diversify their holdings and protect against loss.
- These metals are globally accepted and are always in demand, so selling them should not be a problem.
2. What is "Gram Club?"
This is the name of the Pimbex subscription service. It allows investors to receive a delivery every month for $125 or $250, depending on their preferences. There are no fees to join this club, and you can cancel at any time without being penalized.
3. Is Pimbex reputable?
Absolutely! It is BBB-accredited and has received a number of positive ratings from real customers.
4. Are there any risks involved when purchasing precious metals?
Yes, unfortunately, there are risks. When you take physical ownership of your bars and coins, there is always a risk of theft or damage. This is why it is advisable to store these assets in a secure storage facility.
Moreover, no investment is completely risk-free. Market volatility could result in lower profits than you hoped for when selling your asset. However, to ensure the most profitability, you could hold onto your precious metals to benefit from long-term price increases.
5. How much gold and silver should I own?
This will ultimately depend on your own risk tolerance and preferences. In general, experts agree that gold should make up 75% of your precious metals portfolio, while silver should account for $25%. That's because silver tends to be more volatile than gold. In terms of your portfolio, about 10 to 15% of your wealth should be dedicated to precious metals.
6. Does Pimbex Metals sell palladium?
According to my research, Pimbex does not offer palladium products.
About Tim Schmidt
Tim Schmidt is an Entrepreneur and Serial Investor. Since 2012 he's been an advocate of alternative investments using a Self Directed IRA. His work has been featured in Yahoo! Finance, USA Today, Business Insider, and Tech Times, among others.
