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Goldline International is a precious metals dealer specializing in gold and silver coins and bars. They offer both home delivery of the metals they offer and can also help you invest in precious metals through an IRA. If you've been thinking about investing in precious metals to diversify your portfolio, you may have come across Goldline and are interested to find out whether they are the right company for you to work with.
If this is you, then you're in the right spot. This review is designed to help you learn more about Goldline, the various precious metals and other services they offer, and what past customers have shared about their experiences with Goldline. All of this information should tell you what you need to learn about the company to decide whether you'd like to give them your business.
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About Goldline
Goldline's history dates all the way back to 1960 when the company was first founded. In their 60 years in the gold investment industry, they have earned the trust of many clients and have delivered more than $4 billion worth of gold and silver.
Goldline is proud of the wide selection of bullion and rare coins that they are able to offer their customers. They also are an exclusive dealer for special bullion products from various well-known mints around the world. Goldline also offers upfront, fair, and transparent pricing for the precious metals they sell.
If you decide to work with Goldline, you'll be assigned a Personal Account Executive. This member of the team will be available to answer any questions you have and help you through the process of investing in precious metals.
In 2017 Goldline was acquired by A-Mark Precious Metals, another trusted precious metals investment company. However, Goldline's website still remains separate from A-Mark's, and you can benefit from the many products available through Goldline.
Gold
At the time this article was written, Goldline had over 40 gold coins and bars available on their website. Gold is an attractive investment option for many investors due to its rare status and use in many world currencies. Gold also holds its value well, can offer a hedge against inflation, and is easy to liquidate if you need cash.
Below are some of the various gold coins and bars available through Goldline:
Coins
Bars
Silver
There is also a large selection of silver coins, bars, and rounds available through Goldline. Silver also represents a popular investment. More and more uses for silver are being discovered, leaving a lot of room for growth.
Here are some of the different silver options available through Goldline:
Coins
Bars
Exclusive Coins
As we mentioned above, Goldline is an exclusive dealer for coins from the Royal Canadian Mint and the Perth Mint. Each of the exclusive coins they offer is guaranteed for weight and purity levels by the Royal Canadian Mint or the Perth Mint. These exclusive coins are also IRA-eligible, giving you a special opportunity to add them to a retirement account.
Below are the various gold, silver, and platinum coins exclusively available through Goldline:
Gold
Silver
Platinum
Gold Accumulation Program
The Gold Accumulation Program is a special program that can help you increase your holdings in precious metals each month. You can set up a recurring monthly contribution (of at least $200) and select the eligible coins or bars you would like to purchase with your money.
Once you've contributed enough money to pay for a full coin or bar, you can have them shipped to you. Goldline offers one free shipment every 12 months, but if you'd like to take possession of your metals sooner, you can also set up an extra shipment for a small delivery fee.
Secure Storage Options
Goldline offers secure home delivery of the precious metal you purchase. However, if you want to take extra measures to protect your investment, Goldline also offers managed storage solutions. They offer secure vaults in three different locations: Las Vegas, Nevada, Zürich, Switzerland, and Singapore, Malaysia.
Setting up a Precious Metals IRA
Adding precious metals to an IRA offers a wonderful opportunity to diversify your portfolio, prepare for retirement, and benefit from the tax breaks offered to IRA holders. Goldline can assist you in rolling over an existing retirement account into a Precious Metals IRA or setting up a new Precious Metals IRA.
IRS regulations limit the coins and bars that are eligible to be held in an IRA. Gold coins and bars (aside from the American Eagle Coin) are required to be at least 99.5% pure, and silver coins and bars must be at least 99.9% pure.
Even with these limitations, Goldline is still able to offer their investors a large selection to choose from. Many of the coins and bars listed above are IRA eligible. Currently, there are 38 gold and silver coins and bars listed on the website that can be held in an IRA.
Selling Precious Metals to Goldline
If you have gold or silver bullion that you are looking to sell, you may be able to sell them to Goldline. You can receive a quote through the website or by calling the company.
If you are satisfied with the quote you receive, Goldline will send you information about how to ship your precious metals. After receiving and authenticating your metals, you'll be issued a payment within three days; it's that easy!
Are There Any Red Flags for Goldline International?
To help you learn more about Goldline and inform your decision about whether or not you should work with them, we pulled reviews from some of the most trusted online sources. These include the Better Business Bureau, the Business Consumer Alliance, TrustLink, and Trustpilot. Checking reviews from past customers is always a good idea before making a large commitment or purchase.
When you read through reviews from other customers, you can get a good feel for a company. Reviews can tell you things that aren't shared on a company's website, such as how they treat their customers or the quality of the products/services they offer.
Overall, reviews for Goldline look OK. However, there were a few things that stood out to us. First, the reviews on TrustLink are pretty low. An average score of 2.3 with 49 reviews does not look great and makes us wonder if there is a pattern of poor customer service.
Also, while Goldline did receive an A rating from the Business Consumer Alliance, A is not the company's highest possible rating. Some companies, including many precious metals investment companies have been awarded an AAA rating from the Business Consumer Alliance. An A is OK, but when there are others than have an AAA rating, wouldn't you prefer to work with them?
Is Goldline International a Scam?
No, Goldline is not a scam. The company was founded in 1960, so it has been in business for 60 years. In 2017, Goldline was acquired by A-Mark Precious Metals, another legitimate precious metals investment company.
So, with it established that Goldline is not a scam, the question about whether they are the best precious metals investment company for you to work with still remains. While there are some positive aspects to Goldline, we feel that there are a few reasons that you won't want to work with this company.
First, we have some concerns based on the reviews for Goldline. Some sites, such as Trustpilot, list very high reviews, but when you look at other sites, the story seems to change. The reviews for Goldline on TrustLink are not very positive with an average review score of just 2.3 out of 5. 2.3 is slightly below average. When you're looking to invest a lot of money in precious metals, you want better than average.
Goldline is a BBB accredited business with an A+ rating, however customer reviews don't impact a company's rating with the BBB. The BBB's website does list reviews and complaints from customers though. Goldline only has a 1.5/5-star rating on the BBB's website, and there have also been 12 complaints filed against the company with the BBB in the last three years.
More than half of the complaints against Goldline were related to the company's sales and advertising practices. Another large chunk of the complaints centered around problems that individuals faced with a product or service they received from Goldline.
With these negative reviews and complaints, the cheery picture painted by the positive reviews on some other sites really starts to fade.
Another thing we don't love about Goldline is that the only offer gold and silver coins. Some other precious metals investment companies also give you the opportunity to invest in platinum and palladium. With Goldline, you won't have this opportunity to further diversify your portfolio with other precious metals (aside from one platinum coin).
Features
Pros:
Cons:
Final Verdict
If you're looking for the right precious metals investment company, we'd advise you to skip over Goldline. There are too many negative reviews and customer complaints against Goldline that indicate you may not receive the type of support and service you'd expect.
Goldline also doesn't offer platinum or palladium, so you won't be able to diversify your portfolio as much as you could with some other companies. We think if you keep looking, you'll discover that there are other better precious metals companies out there that offer top quality service and products and have earned more positive reviews than Goldline.
Although we do think that Goldline International is a decent company, we believe that there are better companies out there to make your investment with.
Or you can get a free precious metals investment kit from our #1 recommended company right now!
Or, continue with Goldline International...