Pimbex Review 2023 – Is This Gold Bullion Dealer Legit?

Investing in precious metals is an art that requires in-depth knowledge of the gold and silver bullion industry, as well as access to the best prices on the market. As such, investors are always on the hunt for a full-service online retailer that offers great prices and the lowest premiums.

However, if you are always on the lookout for the best deal, you leave yourself exposed to the many scammers and fraudsters who prey on unsuspecting gold investors.

If you are planning to invest in gold and other assorted types of precious metals, you need to consider a reliable, trustworthy, and fully insured bullion exchange platform that offers a lot more than just the best prices.

I recently embarked on a similar search, which is how I came across PIMBEX Metals LLC. This full-service online retailer and precious metals bullion exchange platform has become the favored home for many experienced precious metal investors.

In this PIMBEX review, I will look at what makes this company tick, and I’ll hopefully provide you with enough information to decide whether this is the right bullion exchange for your needs. If the many positive reviews from customers are anything to go by, this platform may be a game changer in the precious metals industry.

There are many options when it comes to bullion investing.  Make sure to check out my top rated gold companies to see which ones are best for direct purchases and retirement savings.

Why Invest in Gold and Silver Bullion?

If you have been paying attention to the global market trends, you will notice that things have not been going well for many investors across the world ever since we emerged from the COVID-19 pandemic. Even before the virus struck, there were already mumblings of a possible global recession on the horizon.

With hard times predicted in the future, it only makes sense that investors would start looking for ways to protect their funds from the ravages of inflation. Investing in precious metals has proved to be a great alternative that you can employ as you brace for the forthcoming turbulent financial environment.

What Does a Precious Metals Bullion Exchange Do?

The precious metals industry is a wide and complex machine that overlaps many of the world’s biggest industries. It includes the mining industry, government/private mints, and the vaults of banks and depositories across the world.

One of the ways you can gain access to this huge industry is through a precious metals bullion exchange, such as PIMBEX Metals LLC.

A bullion exchange is a platform where investors can view the prices of different types of precious metals, such as gold, silver, platinum, and palladium coins, and either buy from or sell to other investors on the platform.

Considering how volatile the precious metals industry can be, a bullion exchange gives investors the current price or value of the bullion products they want, allowing them to make on-the-spot informed decisions before they purchase any precious metals for their investment portfolio.

With a reputable bullion exchange platform, such as PIMBEX Metals LLC, all purchases come with a guarantee that the products the investor is buying are genuine and not part of an elaborate scam.

About PIMBEX Precious Metals Bullion Exchange

PIMBEX Metals LLC is a reputable gold dealer with an impressive catalog of products that many investors wishing to diversify their portfolios will find interesting.

Unlike many other companies that are part of the precious metals industry, PIMBEX Metals LLC is a complete-service online retailer, which means it offers investors a place where all their gold investment needs can be met.

The company specializes in a wide range of precious metals, including popular ones, such as gold, silver, platinum, and palladium coins and bars. You can also find other assorted types of bullion on the platform if you want to diversify your portfolio even further.

One of the key services that PIMBEX Silver and Gold Bullion Exchange provides is supplying and delivering all the bullion that an investor has purchased safely and efficiently to the storage facility of their choice. Such a safety guarantee is very important in the precious metals industry, especially considering how expensive bullion products are.

The idea behind the creation of PIMBEX Metals LLC is that anyone should have the chance to own physical gold or other assorted types of bullion as part of their investment portfolio. This belief has grown in recent years due to the market volatility being experienced across the world.

Unlike many other companies in the industry, the goal of PIMBEX Metals LLC is not only to sell precious metals but to also promote responsible investments while making affordable bullion more accessible to investors.

Company History

PIMBEX Metals LLC is a family-owned bullion exchange platform that is new to the precious metals industry. It was started by two brothers in 2021, meaning there is not much to talk about in terms of the history of the company.

It is based in Irvine, California, although its reach is much wider since it is an online platform. In the short time PIMBEX Metals LLC has been in business, it has gained a good reputation among investors, with many showing surprise that such a young company can offer great prices and go toe-to-toe with some of the biggest players in the industry.

Ever since the day PIMBEX Metals LLC opened its doors to the public, it has been committed to making precious metals accessible to all investors, and this is reflected in how the company can offer some of the best prices and lowest premiums around.

Why Buy from PIMBEX?

There are many gold dealers and bullion exchange platforms where you could decide to invest your money, so what makes PIMBEX Metals LLC stand out?

Well, one thing that I noticed about PIMBEX Metals LLC is that the company does not seek to simply overwhelm the investor with precious metal offers. Instead, it tries to conduct fair business with everyone, which helps make the experience a lot more comfortable and enjoyable.

Also, in a world where there is a lot of distrust when it comes to gold dealers, PIMBEX Metals LLC aims to change that by creating a positive image of how a reputable bullion exchange platform should conduct business.

Reviews and Ratings

As I mentioned earlier, PIMBEX Metals LLC is a young platform that has only been in business for about two years, so I did not expect there to be a lot of reviews about it. However, the company was accredited by the Better Business Bureau in October 2022 and already has an A+ BBB rating. This is a promising start that highlights the amount of potential the company has.

Shopper Approved gives PIMBEX Metals LLC a very impressive 4.9-star rating, along with more than 250 positive reviews. I couldn’t find any customer complaints about the bullion dealer, which means there are probably a lot of happy customers out there.

Physical Gold and Other Assorted Types of Bullion

If your aim is to diversify your portfolio, you will probably be looking for a platform where you can buy gold and a wide range of other assorted types of precious metals. In that regard, PIMBEX Metals LLC does not disappoint.

This full-service online retailer is able to provide investors with the following types of precious metals:

Gold Bullion

• American Gold Buffalo Coins
• American Gold Eagle Coins
• Austrian Gold Philharmonic Coin
• Australian Gold Kangaroo Coin
• Canadian Gold Maple Leaf Coin
• Royal Canadian Mint Gold Bar

Silver Bullion

• American Silver Eagle Coin
• American Silver Eagle Monster Box of 500 Coins (Sealed)
• American Silver Eagle Monster Box of 500 Coins (Sealed)
• Australian Silver Koala Coin
• Australian Silver Kookaburra
• Austrian Silver Philharmonic Coin
• Canadian Silver Maple Leaf Coin
• 2022 Cook Islands Pegasos Silver Coin – Numismatic Icons
• Silver Bar – Various Private Mints
• Silver Bar – Istanbul Gold Refinery

Platinum Bullion

• American Platinum Eagle Coin
• Canadian Platinum Maple Leaf
• Platinum Bar – Various Private Mints
• 50 Gram Platinum Bar – Valcambi
• 25 Gram Platinum Bar – PAMP Fortuna MULTIGRAM+25

If you are looking for palladium coins, PIMBEX Metals LLC does mention the American Palladium Eagle as part of its products. However, at the time of this review, there were no palladium coins in stock.

How to Buy Gold on PIMBEX

Buying gold and other precious metals from the PIMBEX Metals LLC website is a very easy process. The website is designed to be user-friendly, which means that even if it is your first time shopping for precious metals online, you will be able to navigate your way around with no problems.

The first thing you have to do is to create an account with PIMBEX Bullion. This will allow you to make purchases directly from the platform. To do this, simply click on the “Register” button that you will find on the PIMBEX Metals LLC home page. You will be directed to a registration form where you can fill in all your details.

Once you are an official account holder, PIMBEX Metals LLC gives you the option of either shopping online from the website or calling one of the sales representatives if you want to buy gold over the phone. Whichever method you use, you will still be able to enjoy the great prices that PIMBEX Metals LLC has to offer.

One thing you must remember is that PIMBEX Metals LLC will apply a sales tax depending on your location. The further away you are from California, the more this tax is likely to be. Your purchase of physical gold will only be complete after PIMBEX Metals LLC verifies that all the sales taxes have been paid.

Payments

Customers who cannot afford to buy gold all at once can pay a deposit to PIMBEX Metals LLC and then set up a payment plan. However, PIMBEX Metals LLC will apply interest to those payments, and any late installment will attract a payment fee/penalty.

Also, PIMBEX Metals LLC reserves the right to use an attorney to settle any outstanding debts that have not been settled in a long time.

Payment Methods

PIMBEX Metals LLC is very flexible when it comes to acceptable payment methods, which is in line with its desire to make precious metals a lot more accessible to investors. If you decide to buy gold from the exchange, you can pay using any of the following methods:

• Debit cards
• Credit cards
• Bank wire transfers
• ACH

How to Sell Gold to PIMBEX

Selling gold to PIMBEX Metals LLC is just as easy as buying it. All you have to do is click on the “Sell to us” tab, and you will be directed to the form that is used to request a free quote. Fill in all the details about the bullion products you want to buy and submit the form.

If you would rather deal with a live person, you can call the PIMBEX Metals LLC sales representative and make your sale over the phone. However, if you decide to use the phone, there might be a significant delay while you wait for a sales representative to become available.

PIMBEX Metals LLC will provide you with shipping instructions, which you must follow to make sure your product is delivered safely. There is no guaranteed buyback policy from the exchange, and PIMBEX Metals LLC reserves the right to charge an extra $20 fee if you want to be paid using a bank transfer.

Customer Support

If you encounter any problems while on the PIMBEX Metals LLC exchange platform, or you would like to know more about how to sell or buy gold from the site, there is a dedicated customer support team waiting to assist.

You can either send an email to support@pimbex.com or call the platform directly using the toll-free number 888-892-9363.

Are There Any Age Restrictions?

It is important to remember that PIMBEX Metals LLC does not sell or buy gold from any persons under the age of 18. If the sales representative handling the transaction suspects that they may be dealing with a minor, PIMBEX Metals LLC will immediately cancel the transaction.

Violating the company’s terms and conditions may result in the parent of the child being charged fees that may lead to market losses.

Options for Gold-IRA Holders

While PIMBEX Metals LLC does not offer IRA services directly to its customers, it is partnered with several IRA custodians that they can use if they want to invest their precious metals in an IRA account.

Shipping

All orders under $500 will come with an additional $10 for shipping and handling. However, if you buy gold worth more than $500, PIMBEX Metals LLC will provide you with free shipping.

Customers need to make sure that the billing and shipping addresses are the same. Otherwise, the package will not be delivered. PIMBEX Metals LLC does not ship to Hawaii, Alaska, Minnesota, or any international addresses.

What Is the Gram Club?

The Gram Club is an exclusive subscription membership that is reserved for PIMBEX Metals LLC customers. They can use this service to pay either $125 or $250 per month to PIMBEX Metals LLC. In return, they will get precious metals according to the value of their subscription.

What Is the PIMBEX Metals Return Policy

PIMBEX Metals LLC accepts returns as long as they are initiated within two days from the day of the purchase. There is a $50 charge for all cancellations. Also, the customer will have to pay for the cost of shipping, and any market loss fees will be taken out of the refund amount.

Final Word

PIMBEX Metals LLC has come very far in the two years it has been operational. If you are looking for a reliable bullion exchange platform that offers great prices and the lowest premiums, you should consider investing with PIMBEX Metals LLC today.