Investing in precious metals like gold and silver is an excellent way to protect against inflation and market volatility. However, before you start your journey into the world of precious metals investment, the first and most crucial step is to find a reputable company.
So, is CoinInvest (now StoneX Bullion) a reliable precious metals company? You'll discover the answer to this and more below.
What is CoinInvest?
Coininvest.com, now known as StoneX Bullion, provides a convenient and swift platform for buying, selling, and investing in rare coins and precious metals. They offer a wide range of high-quality and highly sought-after metals, including silver, gold, platinum, and palladium.
Since 2019, coininvest GmbH has been a part of the StoneX Group, a Fortune 500 company listed on the NASDAQ (SNEX).
With a global workforce of over 3,000 employees across 48 offices, the company operates in five main areas: Commercial Hedging, Global Payments, Securities, Physical Commodities, and Clearing and Execution Services.
In addition to facilitating physical bullion trading, StoneX provides precious metals hedging services to corporate and institutional clients through its flagship trading platform: PMXecute.
Notably, StoneX holds the distinction of being the first non-bank member of both the LBMA Gold Price and LBMA Silver Price.
The precious metals team at StoneX operates through offices located in Frankfurt, Singapore, Shanghai, Dubai, and London, ensuring comprehensive market coverage and exceptional service for every client in the bullion market.
Products and Services of CoinInvest
Gold Coins and Bullion
Gold coins are excellent investment products specifically minted by internationally renowned mints for this purpose.
They offer a comprehensive range of the world's most popular investment gold bullion coins. In the UK, gold coins are exempt from VAT, and British gold coins like the gold Britannia or the gold Sovereign are also exempt from capital gains tax.
Among the gold coins and bullion they offer for sale are:
Gold bullion bars have held value for centuries and continue to be highly sought after by traders and investors in modern times.
People invest in gold bars for various reasons, one of which is to safeguard against currency fluctuations and inflation.
Moreover, gold bars are considered a secure investment, and even during times of crisis, they tend to appreciate value.
Below are some of the gold bars available for purchase:
When considering the purchase of silver, individuals are commonly advised to opt for current silver investment coins, which are also known as silver bullion coins.
The primary benefit of selecting silver coins is their easy handling and acceptance by banks, savings institutions, precious metals traders, and private investors, making them a readily accessible asset.
Investing in physical silver is often recommended as a complement to traditional investment forms because it provides the advantage of diversification into a movable asset.
Silver bars are a prevalent choice for investors seeking to invest in significant quantities of physical silver instead of silver coins.
For those looking to diversify their portfolio with silver bars, there is an abundance of options available, catering to various individual investment purposes. These bars vary in both value and manufacturing methods.
Platinum holds significant technological interest and is highly sought after for industrial purposes, further adding to its rarity.
The platinum spot price serves as a benchmark for determining the cost of Platinum Bullion for both buyers and sellers.
Palladium coins represent an exceptional choice for both discerning collectors and investors due to the increasing popularity of this silvery-white precious metal.
They offer a diverse range of premium-grade Palladium Coins sourced from reputable manufacturers.
Palladium bars are considered one of the world's rarest precious metals and can serve as an excellent means to diversify your investment portfolio.
These bars boast a millesimal fineness of .9995 and come in various sizes. Investing in larger bars is more cost-effective since it allows you to enjoy a lower premium over the palladium spot price.
CoinInvest also offers coin supplies like coin boxes, safes, tubes, capsules, accessories, and many more.
Reviews and Ratings of CoinInvest (2023)
Here are some of the reviews and ratings of CoinInvest (StoneX Bullion):
Below are some CoinInvest customers' reviews:
What I Like About CoinInvest
Easy To Use Website:
CoinInvest offers a convenient e-commerce feature on its website, allowing customers to effortlessly order items.
Precious Metals at CompetitivePrices:
CoinInvest engages in the purchase and sale of significant quantities of coins and precious metals, enabling them to provide lower prices compared to their competitors
What I Don't Like About CoinInvest
CoinInvest has received both positive and negative reviews, which creates doubt about its ability to provide satisfactory services.
Do your transactions personally
You need to do your transactions personally. Apparently, you can't have someone pay on your behalf.
For all orders, the payment must be made by the person who placed the order and whose name appears on the invoice.
It is necessary for the name on the invoice and the name on the bank account to match in order for payments to be accepted.
Is CoinInvest a SCAM?
CoinInvest(StoneX Bullion) is NOT A SCAM.
However, we should take into consideration that the company is new and it has a lot of negative reviews on review websites.
Other than that, there's nothing particularly unique about CoinInvest.
So, whether or not to invest in them is completely up to you!
To Conclude, allow me to introduce my top recommendation for precious metals investment: GOLDCO.
When it comes to investing in precious metals, GOLDCO stands out as a leading choice. They have a proven track record of setting up thousands of precious metals IRAs for individuals looking to diversify and safeguard their retirement savings.
With over a decade of experience and a large number of satisfied customers, the Goldco team is dedicated to its mission of helping people protect and grow their retirement funds.
Thank you for reading our CoinInvest (StoneX Bullion) 2023 updated review, If you have any thoughts about this company please feel free to drop a comment below.