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Gold and silver offer numerous benefits to investors. From hedging against inflation, diversifying your portfolio, and providing you with assets that are highly liquid and will allow you to get fast access to cash, they represent a very smart investment. If you're looking to purchase some gold and silver coins and bars or add some to an IRA, GoldSilver.com may have come up in your search for the best company to work with.
Is GoldSilver.com a reputable company? What products and services do they offer? How do past customers feel about their experiences with the company? We'll answer these questions and many more to help you gain a deep understanding of the company to allow you to make the right decision about where to invest your hard-earned money.
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About GoldSilver.com
GoldSilver.com was started in 2005 by Mike Maloney. The company's aim is to be a world-class gold and silver bullion dealer while also offering education and resources to their clients. The company was founded by Mike Maloney, a gold and silver investment expert.
GoldSilver wants to be accessible to each customer to provide the support and attention they deserve. Customers can contact them with questions via phone, email, or live chat.
As we shared above, one of GoldSilver.com's priorities is educating their customers. Their website includes a library of videos to help investors learn more about precious metals and using them to grow their wealth.
When you make a purchase through GoldSilver.com, you can choose from a variety of payment options. These include bank wire transfers, credit cards, PayPal, Bitcoin, and Bitcoin Cash.
Precious Metals IRAs
If you'd like to benefit from the tax advantages IRA holders own, but don't really want to invest in more stocks and bonds, consider setting up a Precious Metals IRA with GoldSilver.com. The team can help you set up a new account or rollover funds from your existing retirement account. They work with IRA custodian companies who will ensure each IRA is set up according to IRS regulations.
Below we'll share the different gold and silver coins and bars offered by GoldSilver.com. Many of these coins and bars meet the IRS regulations for being held in an IRA. These regulations state that gold must be at least 99.5% pure and silver must be at least 99.9% pure.
Investing in Gold
GoldSilver.com sells gold coins, bars and jewelry. Some of these selections include:
Gold Coins
Gold Bars
Gold Jewelry
Investing in Silver
With GoldSilver.com, you can also purchase silver coins and bars. These include:
Silver Coins
Silver Bars
Secure Storage
GoldSilver.com offers secure vault storage through Brinks Global Services. Orders places are stored in your name in one of these private vaults. You can easily transfer, sell, or request your metals for personal holding at any time. Both allocated and segregated storage options are available to choose from.
Shipping and Insurance
GoldSilver.com offers free shipping for orders over $499. Orders below this amount will include a $25 delivery free.
When packing orders for shipment, GoldSilver.com is very careful and wraps each item to protect it. Orders are also discreetly packaged to prevent others from knowing what is in the box. For protection of your order, GoldSilver.com often separates the items from orders greater than $75,000 into multiple shipments.
GoldSilver.com does provide insurance for packages during shipment. Should anything happen to your precious metals during shipment, such as loss or damage, you won't be held responsible.
While some other precious metals investment companies don't offer international delivery, this is not the case with GoldSilver.com. They ship to nearly every international country. Since shipping can vary widely based on the country selected, you can add items to your cart to view the amount you'll be charged for international delivery.
Selling Precious Metals to GoldSilver.com
If you have precious metals that you would like to sell, GoldSilver.com may purchase them from you. They will only purchase precious metals that they carry, and all items must be in good, re-sellable condition. They also will only purchase items in the increments that they are sold on the website.
When these conditions are met, if you're still interested in selling to GoldSilver.com, you can create an account on the website and enter information about what you're selling in the "Sellbacks" section. After you complete this information, GoldSilver will confirm that your metals can be purchased and send you shipping information. You will be responsible for paying shipping for your items.
Once your precious metals are received and inspected, your payment will be issued. You will either be paid via a check or wire transfer (wire transfers will be charged a $25 fee).
Are There Any Red Flags for GoldSilver.com?
Making the decision to invest in precious metals means you're looking for a highly reputable and trustworthy company to work with. Reading information on a company's website isn't always the best way to get a full picture of the company. Where you really want to look before making any big decisions is at the reviews from customers who have actually worked with the company.
To help you decide if GoldSilver.com is the right match for you, we've pulled reviews from trusted sites like the Better Business Bureau, Business Consumer Alliance, TrustLink, and Trustpilot. These should help you to form a clearer picture of what working with GoldSilver will be like. You can also always do an online search and look for customer reviews on other sites.
Is GoldSilver.com a Scam?
No, GoldSilver.com is not a scam. They are a legitimate precious metals dealer that has been in business since 2005. Many customer reviews point to an overall positive experience with GoldSilver.com.
However, there are a few things that are a bit concerning about this company and may be indicators that you'll want to find someone else to work with. First, GoldSilver.com is not a BBB accredited business and has a C rating from the BBB. The reason stated on the BBB's website for this C rating is that they did not respond to a complaint that was filed against them.
This indicates poor customer support and leaves you to wonder why the complaint wasn't addressed. In the last three years, there have been two complaints against GoldSilver.com. Two is not a ton, but it is more than zero, and there are some precious metals dealers out there with zero complaints.
Many precious metals dealers offer platinum and palladium in addition to the standard gold and silver. GoldSilver.com does not offer platinum or palladium; investors can only choose from gold and silver coins and bars. If you are interested in diversifying your portfolio even more, adding platinum and palladium to it is a great way to do so. However, this won't be an option with GoldSilver.com.
Another downside of GoldSilver.com compared to many other similar companies are their shipping charges. To receive free shipping, you must spend at least $499. Some companies offer free shipping on any orders or much lower amounts than this.
Features
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Final Verdict
GoldSilver.com may have come across your radar as a possible company to work with to purchase precious metals or set up a Gold or Silver IRA. We're here to recommend against using them for either of these services. Between the company's C rating with the Better Business Bureau, their higher shipping costs, and their smaller selection of precious metals, we think you'll do better choosing to work with a different company. Now the good news? There are lots of other precious metals companies out there, and many of these companies are highly rated by customers, offer a nice selection of metals, and will provide the support and attention you deserve.
Although we do think that GoldSilver.com 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 GoldSilver.com...