Last Updated on February 15, 2024 by Ben
GoldSilver
GoldSilver is one of the most well-respected and highly recommended names in the precious metals industry. The company has been in the business for years, providing investors with valuable education and resources as well as world-class bullion dealer services. Regardless you’re just beginning out in the world of precious metals, or you’re a seasoned investor, GoldSilver has something to offer everyone.
GoldSilver IRAs Review
Company Info & Background – Overview
Founded in 2005, GoldSilver is headquartered out of Santa Monica and offers an excellent selection for those interested in precious metals IRAs. They have the most popular gold coins as well a wide variety pack to choose from, including silver bullion products that can be held securely with your other investments.
They also provides a simple method for clients to open a Precious Metals IRA. The renowned Equity Trust Company is the preferred IRA custodian, although various supported custodians are available depending on the choice, including GoldStar Trust Company, Strata Trust Company, and New Direction Trust Company.
The firm has a laser-like concentration on keeping clients updated about precious metals investment. In addition to the “News” section, its website includes a thorough “Resources” area.
Contact Information
Address: 750 Third Avenue, Suite 702, New York, NY 10017, United States
Phone: (888) 319-8166
Email: [email protected]
Website: www.goldsilver.com
Precious Metals IRA Info
- Annual Cost – Variable
- Scaled or Flat Fees? – Flat Fees
- Partnered Storage Vaults – International Depository Services (IDS), and Brinks Inc
- Partnered Custodians – Equity Trust Company, Strata Trust Company, New Direction IRA, or Goldstar Trust Company
- Metals Available – Gold and Silver
- Years in business – 16 years (2005)
Is GoldSilver a Scam?
GoldSilver is not a fraud. They are a respected precious metals dealer that has been operational since 2005. Many consumer testimonials praise the firm’s service.
However, there are some warnings about this firm that you should consider before working with them. The company does not have a BBB accreditation, and it is rated C by them. According to the BBB’s website, this C rating is due to their failure to respond to a complaint filed against them.
Platinum and palladium are two more valuable metals that may be found in some precious metals dealers. GoldSilver does not sell platinum or palladium; investors can only choose from gold and silver coins and bars. If you want to diversify your holdings even more, adding platinum and palladium is a wonderful method to do so.
Management Team
CEO & Founder Mike Maloney
Mike Maloney, the creator of GoldSilver, a former Rich Dad and Poor Dad advisor, and best-selling author of Guide to Investing in Gold & Silver, leads the company. Mike travels the world, giving talks on his economic theories in cities such as Hong Kong, Rome, Silicon Valley, and Wall Street. Mike has over 50 million views on YouTube and counting.
Jeff Clark
Jeff Clark is a globally renowned expert on precious metals, having been named one of the world’s top five experts by BullionVault magazine. Jeff has strong ties to the industry due in part to his father, an award-winning gold panner, as well as family-owned mining claims in California, Arizona, and Nevada.
Jeff is an active investor with a passion for writing which has been writing about the precious metals and mining sectors for more than ten years, including ten as senior editor of BIG GOLD, the world’s largest publication on the subject.
Why Choose GoldSilver: Pros and Cons
Pros
- Provide a wide range of gold and silver.
- The owner is a professional
- Provides secure vault storage through Brinks Global Services
- They allow you to put gold and silver into your IRA.
- They also sell gold jewelry, among other things.
Cons
- The BBB has given the firm a C rating.
- Palladium and platinum are not available
- The ratings and reviews are not good.
Custodian and Storage
Customers can choose between four IRA custodial firms: Equity Trust Company, Strata Trust Company, New Direction IRA, and Goldstar Trust Company.
Brinks and International Depository Services Group (IDS) are the two primary secure storage providers. All services are completely covered by insurance. The following precious metals storage locations are available to clients:
- Toronto, Canada
- Dallas, Texas, USA
- Salt Lake City, Utah, USA
- Singapore
- Hong Kong
Bullion Products on GoldSilver
GoldSilver provides a wide range of the world’s most popular bullion products, which is more varied than many of its competitors. The company sells bullion, coins, and jewelry, as well as silver bars and coins.
The company sells gold bars in a variety of sizes, from one gram to 400 ounces.
Silver and gold bars from many government mints are available:
- United States Mint
- Royal Canadian Mint
- Perth Mint
- People’s Republic of China
- Royal Australian Mint
- South African Mint
- New Zealand Mint
- Austrian Mint
- UK Royal Mint
Additionally, the business employs the following private mints:
- Valcambi Suisse
- Republic Metals Corporation (RMC)
- Asahi
- Heraeus
- Sunshine Mint
- Credit Suisse
- PAMP Suisse
- Johnson Matthey
They are a precious metals dealer that offers coins from the most well-known mints throughout the world. The American Gold Eagle, American Gold Buffalo, Australian Gold Kangaroo, and many other top-selling items are just a few examples of the company’s best-selling products.
They provide a large selection of products in silver bullion coin options; however, some popular silver coins were unavailable at the time of writing. Silver coins include American Silver Eagle Coin (Common Date), Canadian Silver Maple Leaf (Common Date), Silver Britannia (Common Date), South African Silver Krugerrand (Common Date), and the Austrian Silver Philharmonic Coin (Common Date), among other common examples.
The company stocks one ounce, ten ounces, a Kilo, and a hundred-ounce options in addition to numerous other weights for silver bars.
Selling Precious Metals to GoldSilver
GoldSilver may buy your precious metals if you want to sell them. They will only purchase precious metals that they have on hand, and all goods must be in good, re-sellable condition. They will also only purchase items in multiples of the amounts sold on the website.
If you meet these criteria, you may sign up for an account and enter information about what you’re selling in the “Sellbacks” section. When you’re done filling out the form, they will notify you whether your metals are available for purchase and provide shipping information. You’ll be responsible for paying both delivery and handling fees for the items you acquire.
Your payment will be released if your precious metals are received and examined. You’ll either get a check or a wire transfer (wire transfers will be charged a $25 fee).
Reviews, Ratings, and Complaints
You may also check out the ratings and reviews received by GoldSilver on authority sites.
- BBB: C rating, not a BBB Accredited Business
- BCA: AAA rating, no reviews
- Yelp: 1.5 out of 5 ratings based on four reviews
- SiteJabber: 3 out of 5 ratings based on five reviews
- Trustlink: 5 out of 5 ratings based on three reviews
- Trustpilot: 4.5 out of 5 ratings based on 1100 reviews
- Facebook: 3.7 out of 5 ratings based on 25 reviews
Alternatives
Augusta Precious Metals
www.augustapreciousmetals.com
Star Rating
August Precious Metals is a precious metals store that specializes in gold, silver, platinum, and palladium coins. The company helps pensioners safeguard their assets by adding real precious metals to their retirement portfolios. The firm provides an option to purchase precious metals through the Federal Reserve System and store them in an IRS-approved depository.
Augusta Precious Metals, a precious metals company based in Augusta, Georgia, offers the greatest rates in the business and helpful learning materials, and a simple, straightforward process. In other words, Augusta Precious Metals aims to profit investors through substance and high-quality service rather than gimmicks.
Customers may form long-term relationships with Augusta Precious Metals. This gold IRA firm, unlike other precious metals companies, is committed to educating customers with instructive talks, according to the Business Consumer Alliance reviews on Augusta Precious Metals.
American Hartford Gold
www.americanhartfordgold.com
Star Rating
American Hartford Gold is a firm based in Los Angeles, California, family-owned and committed to assisting customers in maximizing the value of their precious metals purchases since its founding in 1930.
The company offers investors a variety of options in precious metals, ranging from bullion and bars to coins, with the promise of precious metals IRAs for those wanting to focus more on their retirement plans. These investments are all meant to help customers diversify their portfolios and avoid putting everything into the stock market.
Customer service is something that any investor should value, and the firm does. The company not only has a variety of account choices available, but it also offers a variety of investment instruments for clients to choose from.
In addition, the firm has invested significant time and money in developing a solid reputation to ensure that its clients are at ease dealing with them.
Goldco
www.goldco.com
Star Rating
Trevor Gerszt, a prominent American entrepreneur and businessman, launched Woodland Hills, California-based Goldco in 2006 as a precious metals IRA provider.
They helped investors add one or more precious assets to new or existing self-directed IRA accounts while following IRS rules. Clients may also convert their existing 401(k) or other qualified retirement plans into precious metal IRAs.
Goldco Precious Metals, like most Gold IRA firms, works with self-directed IRA custodians. However, they place a premium on Self Directed IRA Services Inc. and Equity Institutional, which are two of the biggest gold IRAs services providers in the United States.
However, you are free to choose a custodian or storage companies that do not fall within Goldco’s suggestions as long as they fulfill the IRS standards.
The metals can be delivered to your home directly by the company. If you buy them within an SDIRA account, the metals will be held by the IRA-approved custodian. You won’t have the ability to physically touch your purchase.
Conclusion
GoldSilver is a global leader in precious metals and bullion investing. With over ten years of experience with all types of metal, including gold, silver, platinum, palladium, and more, the team has the knowledge to help you make an informed decision on what type of investment will work best for your needs. They are dedicated to providing outstanding customer service that goes above and beyond expectations every time. If you’re intent on knowing more about how they can assist with any aspect of your investments or portfolio management strategy – contact them today!