Blanchard Gold Group Review 2023: Scam Risk or Safe?

About Blanchard Gold

Let’s talk about Blanchard Gold for a minute. They’ve been around for more than 40 years, which makes them seem like a legit business.

But here’s the catch: They’ve had some unhappy customers over the years, and that’s a big deal when you’re considering doing business with them.

So, you’d want this from a good precious metals dealer: They should sell you the right precious metals dealer at a fair price, answer your questions, and give you good customer service. Unfortunately, Blanchard doesn’t excel at all of that.

Their products might be real, but their deals aren’t the best.

Now, here’s the interesting part. Some people think Blanchard is charging too much for rare coins and convincing people to buy them as a great investment.

Background on Blanchard

Blanchard Gold is a company that helps people invest in gold assets, special coins, gold, platinum, and palladium. Gold is often bought as bars or coins, while platinum and palladium are usually bought as bars.

They offer many different gold coins to choose from.

If you want to move your retirement savings into precious metals like gold, Blanchard Gold can help. Precious metals can be a good choice for retirement because they behave differently from stocks. Your investment in precious metals can be a safety net if the stock market does poorly. Investing in precious metals can give you peace of mind, knowing your retirement savings will keep their value and provide for your needs.

A general guideline is investing 10-20% of your retirement savings in precious metals. There are rules set by the IRA (a retirement account organization) about investing in precious metals. You need an account manager, and your precious metals must be stored in an approved place. This means you’ll have to pay fees yearly while you have the account.

Blanchard Gold wants to make things easier for its clients. They connect them with account managers and handle the paperwork.

However, some other investment firms specialize in this and do it better and cheaper. Blanchard Gold seems to focus more on rare coins and lags behind in this aspect.

According to the Better Business Bureau (BBB), Blanchard Gold has been around since 1975. They started as advisors, helping people invest in gold. They got accredited by the BBB in 1982, which means there are almost 40 years of BBB data to check.

Being in purchase metals business for such a long time, especially in the precious metals market, is a big achievement.

Why Consider Gold for Your IRA?

IRAs are crafted to secure your retirement and guarantee the financial security of your family.

These special accounts allow you to save money with tax benefits for your future needs.

When strategizing for the future, it’s essential to earmark a substantial portion of your savings for stable and reliable assets to safeguard your financial security in the long run.

While you can hold cash in an IRA, its value decreases rapidly due to uncontrollable inflation.

You need an asset that maintains its value and even appreciates over time, and gold is the perfect choice for this purpose.

Given the current challenges in the world economy, marked by lockdowns, shortages, conflicts, and rising inflation, uncertainty has reached unprecedented levels. Investors are safeguarding their wealth by including physical gold in their IRAs.

Unlike most other assets that tend to suffer, a gold IRA thrives during these crises.

Risk means being aware of economic threats but taking no action to protect yourself and your family.

Safety means recognizing these economic dangers and taking steps to secure your financial future, and it’s easily achievable with a gold IRA.

Check out what Blanchard Gold has to offer:

Blanchard Gold is your go-to spot for all things precious metals. They’re the real deal regarding gold, silver, platinum, and palladium. They’re not messing around buying precious metals, and here’s what they’ve got in their toolkit:

1. Precious Metals HQ:

First things first, these guys are all about those precious metals. They’ve got a stash of gold, silver, platinum, and palladium. What’s special is that they’ve got the good stuff, the IRS-approved metals for your gold individual retirement account (IRA). And hey, if you’re into collecting rare coins, they’ve got some cool ones. But remember, those rare collectible coins usually won’t fly in your self-directed IRA.

You can grab these metals as bullion, bars, or coins, depending on how you want to stash your treasure.

2. Easy Come, Easy Go:

Here’s a cool feature: their buy-back program. So, no worries if you’re all in for precious metals one day but decide to switch gears later. They’ll buy back your metals at the current market price anyway, but don’t be shocked if you’re not raking in cash if the market isn’t in your favor. They keep it straight up with you.

This is gold (pun intended) because it helps you turn your investments into cold, hard, liquid cash when needed. Liquid assets, you know?

3. Price Check:

Prices for gold and other precious metals can be a bit like a rollercoaster. Up and down but mostly stable in the long run. Blanchard Gold has your back with its price tracker. It’s like keeping tabs on your favorite stocks, but shinier.

This nifty tool lets you watch the prices of different gold and silver coins. You’ll also get the scoop on their past performance. And if you’re a coin collector, they’ve got you covered, too.

4. Expert Advice Hotline:

Blanchard Gold knows its stuff with over 40 years in the gold bullion game. They’re here to spill the beans on the best investment strategies, from which bullion to buy to where to store it, especially if you’re all about that IRS-approved storage.

They’re not just about the gold; they can also hook you up with info on other cool coins, even if they’re not IRS-approved. It’s like having a gold-savvy friend in your corner.

Now, let’s talk about how they get that shiny stuff to your door:

Shipping and Stuff

Once you’ve made your move and placed an order, they’ll send it over using FedEx, USPS, or UPS. No worries, they’ll double-check everything before shipping it and give you a tracking number to keep tabs on your precious cargo.

Now, there might be a shipping tax based on where you’re at, and they’ll need your John Hancock when the package arrives. Don’t sweat if you’re playing hard to get and don’t answer the door. They’ll give it a few more tries. If you’re still MIA, they’ll take the package back, but you can arrange to pick it up when you’re ready.

Good news: Your secret’s safe. The package is discreet, so no one will know you’re sitting on a pile of precious metals. Plus, they’ve got insurance, so you’re covered if anything goes south during transit.

If your order is under $300, you’ll pay a flat fee of 23 bucks for shipping and insurance, no matter where you are in the USA. But if you’re going big and spending more than $300, they’ll hook you up with free shipping and insurance. Nice, right?

Blanchard Gold Company Policies

Satisfaction Guarantee in a Nutshell

Their company policies are about as straightforward as it gets. Here’s the deal: They’ve got a 10-day satisfaction guarantee for their customers.

So, if you’re not loving your purchase, you can send those coins back and get your hard-earned cash back in your pocket.

The Fine Print Deets

Now, let’s get into the nitty-gritty. If you end up with the wrong product, they have your back with their customer resolution policy.

But here’s the catch – that 10-day money-back guarantee clock starts ticking when you lay your hands on those coins, not when they ship them. And if you’re in the good old U.S. of A., it might take almost two weeks for your shiny stash to reach you. If you’re shipping internationally, you’ll need to add even more patience to the mix.

Cash for Your Metals

Now, if you’re looking to cash in your rare precious metals, they’ve got a buy-back policy. They’ll take those metals off your hands and pay you based on the market price.

But here’s a reality check: All investments have ups and downs. The value of your precious metals might not always be singing the high notes, and you could be looking at a loss when you decide to sell.

On the flip side, when the financial storm clouds gather, precious metals tend to shine. Their value often goes up when the dollar takes a dip. And with inflation lurking around the corner, precious metals can be your trusty sidekick for securing your retirement savings.

One thing to remember is that there are other gold IRA dealers out there if you’re thinking about trading in your precious metals. So, you’ve got options.

What Are Customers Saying?

Over the years, the company has received some negative customer feedback and complaints, which raises concerns, especially since it primarily relies on online advertising to connect with its clientele. Many customers share their unfavorable experiences with the company online, while others may choose not to leave any reviews.

This phenomenon can partly be explained by Blanchard’s main customer base consists of older individuals who have invested in precious metals since the 1970s.

According to the company’s official website, one of its primary objectives is to establish strong and enduring relationships with its customers. The positive gold company reviews may be linked to this commitment. According to the Better Business Bureau (BBB) feedback, some of Blanchard Gold’s long-term customers have been with the company for several decades, citing its excellent service and high-quality, pure precious metals as reasons for their loyalty.

On the flip side, it appears that the company has lagged behind in adopting innovations in the industry. While it was undoubtedly impressive four decades ago, the landscape has evolved, with more modernized gold companies using new technologies to showcase their expertise and provide superior customer support.

This raises the question of whether these “satisfied” customers might find even greater satisfaction by working with other, more contemporary players in the precious metals industry. It’s possible that many investors have yet to realize the potential benefits they’re missing out on.

Furthermore, there’s a possibility that the company is attempting to counterbalance negative customer feedback by posting their “own” positive reviews. This strategy isn’t particularly effective in enhancing the company’s reputation and raises questions about its credibility.

What Payment Options Do They Accept?

Wondering how to pay for your precious metals at Blanchard Gold? They’ve got you covered with various payment methods to choose from:

• Bank Wire Transfer: Good old bank transfer, a classic choice for many.
• Credit Card: Swipe it and make it easy.
• Cryptocurrency: You can go crypto if you’re into the digital game.
• Money Orders: Keep it traditional with a money order.
• Check Payments: Write that check and send it their way.

Now, let’s break down the process of ordering your precious metals at Blanchard Gold. You’ve got a couple of ways to go about it:

Option 1: The DIY Route:

• Create an Account: First, hop on the Blanchard Gold website, and in just a few minutes over the phone, you’ll have your account ready to roll.
• Deposit Cash: Next up, load up your Blanchard account with cash using your preferred payment method.
• Place Your Order: Take the reins and order through their secure online checkout system. Easy peasy.
• Delivery or IRA Transfer: Depending on your investment, your order will be sent to your doorstep or transferred to your IRA custodian.

Option 2: Get Some Help:

Alternatively, if you’re not up for the DIY adventure, you can ring up one of their reps. They’ll gladly take your order over the phone and walk you through the process.

So, whether you’re a tech-savvy crypto enthusiast or an old-school check writer, Blanchard Gold has a payment method that suits your style. Ordering your precious metals is just a few steps away, and you can choose the best path.

Advantages of the Company

Let’s explore some of the positive aspects of this company that make it a top investment company and a solid choice for purchasing gold:

• Buy-Back Policy

One of the standout features is the company’s buy-back policy, which gives customers considerable flexibility when they decide to sell their precious metals.

• Excellent Track Record

Over the past three years, no negative reviews or complaints have been filed with the Business Consumers Alliance (BCA), reflecting a strong track record of customer satisfaction.

• Diverse Precious Metals Selection

The company offers a diverse range of precious metals for customers to choose from, allowing investors to tailor their portfolios to their preferences and goals.

• Knowledgeable Team

The company boasts a team with extensive experience and knowledge in the precious metals industry. From the founder, who has a lifelong commitment to the industry, to the team members with a wealth of expertise, customers can trust that their investments are in capable hands.

However, it’s important to note that while the buy-back guarantee is appealing, there is a specific condition to be aware of Rare coins can only be returned within a window of fewer than 10 days after purchase. This limitation is standard practice in the industry due to the higher risk associated with rare coin investments.

The company’s affiliation with reputable organizations such as The Coalition for Equitable Regulation and Taxation, Industry Council for Tangible Assets, and The Cato Institute underscores its commitment to ethical practices and industry standards.

Customer Complaints

Most of the complaints previously found on the company’s BBB page have been removed. However, the existence of these complaints suggests that there were indeed issues that customers found concerning.

These complaints covered a range of issues, including:

1. Billing Problems: Some customers reported being overcharged or encountering hidden fees and unauthorized automatic credit card payments.
2. Incorrect Products: Customers received products different from what they had ordered, such as receiving the wrong gold coins or bullion.
3. Delivery Delays: Lengthy delivery times and problems with the packaging of products were also raised as concerns.
4. Unfulfilled Guarantees: There were instances where the company failed to uphold its guarantees, leaving dissatisfied customers without resolution.

More recently, there has been a notable increase in complaints regarding the company’s rare coins. Many customers allege that Blanchard has significantly increased the prices of these rare coins by imposing high commission rates, causing them to be sold at double their actual market value.

In response, the company asserts that they have never marked up their rare coin products by 100%, emphasizing that none have been marked up by more than 50%.

The company has developed a reputation for denying accusations without taking meaningful steps to resolve issues.

In this context, accurate and reliable information. However, we cannot confidently endorse placing trust solely in the company’s claims. Many other companies have garnered significantly more positive customer reviews with minimal complaints. A reputable company would prioritize promptly addressing customer complaints and ensuring their satisfactory resolution.

Absence of Gold IRA Services

One prominent drawback of Blanchard Gold is its lack of Gold IRA account custodian services. This places them at a considerable disadvantage compared to their key competitors, who have already incorporated Gold IRA services into their offerings.

As a result, if you intend to diversify into a Gold IRA account through Blanchard, they can, at best, serve as an intermediary. After acquiring your gold from them, you’ll still need to locate an IRS-approved custodian to oversee the management of your account.

This can potentially increase costs and introduce added complexity to the process.

Why Blanchard Gold Excels in the Precious Metals Market

Blanchard Gold has established itself as a trustworthy player in the precious metals industry, and several reasons set it apart:

· Consistent Precious Metals Selection

The company has consistently offered diverse precious metals options over the years, providing customers with a reliable source for their investment needs.

· Reliability Amid Challenges

Blanchard Gold remains a dependable choice for purchasing precious metals despite occasional issues. Notably, they offer a reassuring buy-back program, instilling confidence in their customers’ investment decisions.

Who Can Benefit from This Precious Metal Dealer?

So, is Blanchard the right choice for you? If you’re interested in converting a portion of your wealth into precious metals, they could be an excellent fit.

Whether you’re considering setting up a self-directed IRA or wish to expand your precious metals collection at home, this company is equipped to meet your requirements.

In general, precious metals are a reliable hedge against market volatility and the risk of runaway inflation. Since the dollar has lost nearly 90% of its value since the 1970s, allocating a portion of your wealth to precious metals makes solid financial sense. For example, gold has appreciated 50 times in value since the 1970s.

So, if your financial strategy involves long-term planning, precious metals like Blanchard Gold can offer you valuable security.

Pros:

• A wide selection of precious metals to choose from.
• Strong partnerships with established custodians and depositories.
• A well-established track record.
• Supportive and helpful customer service team members.
• Comprehensive product insurance.
• An attractive buy-back program.

Cons:

• A minimum investment requirement of $5,000 for IRAs.
• Involvement with third-party service providers for IRA services.
• Occasional customer complaints regarding shipping and handling issues.

Other Precious Metals Dealers:

• Beverly Hills Precious Metals Review
• Bold Precious Metals Review