Amagi Metals operates as an eCommerce platform dedicated to dealing in precious metals, catering to a global audience.
CEO Stephen Macaskill was the business owner, however, the ownership of this precious metals dealer underwent a transition in 2015 when Anthem Vault acquired the company.
According to the company owner, Amagi Metals was established with a primary objective: to simplify the purchasing journey for precious metals, ensuring ease for their customers.
Amagi Metals is committed to enlightening its clients about the significance of investing in precious metals, providing a means to hedge against financial unpredictability and safeguard one’s wealth.
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What are the Products They Offer?
Looking to diversify your investment portfolio with the timeless allure of gold? Anthem Gold presents an array of options including fractional gold, gold coins, and gold bars. You can purchase precious metals such as:
Fractional Gold
1 gram Perth Gold Bar
1 gramValcambi Suisse 999.9 Fine Gold Bar
25×1 gram Gold Canadian Maple Leaf .9999 Fine Gold
Coins
American Gold Eagle Coins
American Gold Buffalo Coins
Canadian Gold Maple Leaf Coins
Chinese Gold Panda Coins
South African Gold Krugerrand Coins
Austrian Gold Philharmonic Coins
Bars
1 oz PAMP Fortuna Suisse Gold Bar
10 oz PAMP Fortuna Suisse Gold Bar
Indulge in the enduring value of gold with Anthem Gold.
Looking to diversify your investment portfolio with the timeless allure of gold? Anthem Gold presents an array of options including fractional gold, gold coins, and gold bars. Here’s a glimpse of our offerings:
Fractional Gold
1 gram Perth Gold Bar
1 gramValcambi Suisse 999.9 Fine Gold Bar
25×1 gram Gold Canadian Maple Leaf .9999 Fine Gold
Coins
American Gold Eagle Coins
American Gold Buffalo Coins
Canadian Gold Maple Leaf Coins
Chinese Gold Panda Coins
South African Gold Krugerrand Coins
Austrian Gold Philharmonic Coins
Bars
1 oz PAMP Fortuna Suisse Gold Bar
10 oz PAMP Fortuna Suisse Gold Bar
Indulge in the enduring value of gold with Anthem Gold.
Silver
Amagi Metals, where you can also find a variety of silver pieces, invites you to explore the world of silver.
Fractional Silver
1 gram Silver Black Bear Bar
1 gram Silver Buffalo Bar
1 gram Silver Maple Leaf Round
1 gram Silver Panda Round
Coins
American Silver Eagle Coins
Austrian Silver Philharmonic Coins
90% Silver Coins ($1 face value)
90% Silver Coins ($1 face value)
Rounds
1 oz Proof-Like Joy To The World – Silver Shield .999 fine round
1 oz Silver Buffalo Indian Head Round
1 oz Silver Sunshine Mint Round
1 oz Silver Liberty Round
Bars
10 oz Generic IRA-Approved .999 Fine Silver Bar
100 oz Silver Bar .999 Fine Silver
Amagi Metals also extends its offerings to platinum, with the exquisite 1 oz Canadian Platinum Maple Leaf Coin being the highlight among our precious metal selections.
Base Metals
Amagi Metals presents a distinctive opportunity to invest in base metals, a feature that sets us apart.
¼ oz Niobium Buffalo Bar
1 oz Copper Jesus Crucifixion Round – Silver Shield Collection
1 oz Copper Freedom Girl Round – Silver Shield Collection
10 troy oz Titanium Bullion Buffalo Bar
10 troy oz Copper Bullion Buffalo Bar
Embrace the uniqueness of investing in base metals with Amagi Metals.
Pros and Cons
This review is not complete without knowing the advantages and disadvantages of this precious metals company:
Pros
Established presence of over four years with multiple office locations in the United States.
Simplified and user-friendly process if you want to purchase gold
Commitment to educating customers about the benefits of diversifying portfolios with precious metals.
Unique feature: Allows investors to purchase base metals like copper and aluminum, setting it apart from other precious metals investment companies.
The “Knowledge” center on the website provides valuable resources for learning about investing in precious metals.
Cons
A limited history of reviews on reputable platforms raises concerns about product quality and the company’s customer service.
Does not appear to offer IRA services, potentially limiting retirement planning options.
No apparent provision for secure storage, requiring customers to arrange separate storage solutions.
Poor customer service, and lack of customer feedback and reviews compared to competitors with more established reputations.
May not have the same range of options and services as some other well-established precious metals investment firms.
The BBB has had trouble finding out enough about customer service resolutions, company management, or the policies in place. d
Knowledge Center Feature
Explore the realm of precious metals and delve into the reasons for investing in them by visiting the Knowledge Center featured on the website of this gold and silver dealer. Within this informative section, you’ll find an array of valuable insights:
Discover the intricate world of Numismatics and the allure of coin collecting, with detailed information to pique your interest.
Navigate through the glossary of terms, where you can familiarize yourself with commonly used terminology associated with precious metals and coins. This knowledge will enhance your comprehension of the various metal classes and their distinct categories.
The Knowledge Center doesn’t stop there. It also offers a dedicated “blog” segment that seamlessly connects to the Anthem Gold website’s news center.
Is Amagi Metals a Fraudulent Operation?
No, there is currently no evidence to suggest that Amagi Metals engages in any fraudulent activities. As a legitimate business, they have been operational for approximately five years.
With the establishment of Amagi Metals as one genuine precious metals companies, the next question that may arise pertains to whether they are the right fit for your needs. However, we must express reservations about endorsing Amagi Metals as the preferred choice for your business.
A notable cause for concern arises from the lack of reviews on reputable platforms. This absence of feedback gives rise to considerable uncertainty regarding the caliber of their products and the standard of customer service. This is particularly concerning, especially when contrasted with numerous other precious metals investment firms that boast hundreds or even thousands of reviews from their past clientele on the same review sites.
Another drawback that raises eyebrows is Amagi Metals’ apparent omission of IRA services. While many other reputable companies within the precious metals investment sector assist in establishing Gold or Silver IRAs, Amagi Metals does not appear to provide this service. Given the significant benefits of diversifying one’s portfolio and planning for retirement through a Precious Metals IRA, this limitation might dissuade potential customers.
Additionally, Amagi Metals does not seem to offer storage solutions to their customers. In contrast, several other companies grant you the option to securely store your precious metals in insured vaults or depositories. This distinct absence of storage options with Amagi Metals necessitates arranging separate storage arrangements if you seek secure storage beyond your residence.
Negative Reviews by Amagi Metals Customers
Critiques from Yelp’s customer reviews cast a shadow over Amagi Metals, amplified by a pivotal factor: these reviews constitute the primary source of information available about the company. Notably absent are impartial third-party reviews, creating an information gap.
Surprisingly, the Better Business Bureau (BBB) contains no data regarding Amagi Metals, and other online watchdog entities also lack insights about the company.
One dissatisfied customer recounts his unpleasant encounter with Amagi. Despite being his third choice of precious metals dealers over his lifetime, his experience was deeply unsatisfactory. After promptly paying with Bitcoin for a substantial order of silver bars, the customer faced a significant delay of several weeks before shipment, without a clear shipping date provided. Eventually requesting an order cancellation to reclaim his cryptocurrency, Amagi refused, finally delivering the order nearly a month after payment, marred by further issues.
The delivered silver bars were disappointingly packaged in plastic bags rather than secure containers, unlike the professionalism observed by other dealers. Notably, the bars suffered damage and scratches, contrasting with industry norms. Another customer bemoans a similar ordeal: delayed order processing and a total lack of shipping notification for two months.
Such delays align with the behaviors of questionable establishments. Another reviewer urges caution, citing dismal customer service experiences and flagging odd behaviors.
Anthem Vault implemented changes, including Bitcoin payment options and free shipping for return customers. However, despite ownership shifts, customer service remained lamentably subpar.
In a review dating back to June 2015, it was suggested that Amagi had shut down. Emails went unanswered, and phones were disconnected, yet the website continued accepting payments. Though Amagi Metals did eventually reopen, subsequent reviews haven’t painted a brighter picture, suggesting that the same issues persist despite changes in ownership.
Conclusion: Is Amagi Metals a Worthy Choice?
The decision to engage with Amagi Metals ultimately rests on your discernment. While Amagi Metals boasts a reasonably diverse product lineup, encompassing gold, platinum, silver, collectibles, accessories, and even copper, several factors should be weighed carefully.
Regrettably, there is no positive customer feedback, with allegations of potential fraud prevailing.
Frequent order delays, high costs, subpar packaging, and instances of damage further contribute to the disheartening narrative. Although labeling Amagi Metals a scam lacks conclusive evidence, the presence of disconcerting red flags can’t be ignored. Opting for one of these reputable alternatives for your investment endeavors is advised.
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About Tim Schmidt
Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He started this website to share his expertise in using his Self-Directed IRA for alternative investments. His views on retirement investing have been highlighted in USA Today, Business Insider, Tech Times, and more. He invested with Goldco.