GoldSilver is a respectable option if you’re looking for a good spot to start purchasing or selling gold/silver products. Mike Maloney, the CEO, has a long history in the precious metals sector and has a strong passion for assisting individuals in realizing the advantages of precious metals investing. This requires him to inform his clients why gold is a suitable investment in the first place in addition to selling them gold.
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Overview of Gold and Silver Precious Metals
One of the most reputable names in precious metals, GoldSilver has been assisting customers with metal purchases since 2005. When Mike Maloney, who is still the company’s CEO, realized the advantages of precious metal investing for himself, the company was established. He had such faith in the benefits that he wanted to do all in his power to encourage others to make the same kind of investment in precious metals that he had.
Regarding services, GoldSilver offers a website where you can purchase and sell gold and silver goods, a plethora of educational resources online, and private vault storage.
Your metals are always available for transfer, sale, and delivery.
Mike Maloney, the CEO of GoldSilver, represents the company in a way that is very different from other businesses. He narrates many of their instructional films and has a long bio on their website. His visage is all over their social media pages.
Goldsilver.com’s Precious Metals Products
The purest 22 Karat Gold, Silver bars, and coins can be found at Precious Metals or GoldSilver. These gold and silver coins and bars that were struck in the United States are 100 percent pure. They are completely traceable, and the US government guarantees their authenticity. They offer a purity that is substantially greater than the typical bullion dealer’s 90% purity.
High-grade precious metals are offered by Goldsilver.com’s precious metals products at affordable costs. As a major provider of precious metal bullion and other types of precious metal investment products, they have been offering high-quality precious metal products since 1989.
Their inventory of precious metal products consists of gold, silver, platinum, palladium, and rhodium, and they stock the most popular metal sizes including 1/1000 oz, 1/10 oz, 1/5 oz, 1/2 oz, 1 oz, 1/2 oz, 1/4 oz, 1/8 oz, 1/4 oz, 1/2 oz, 1.5 oz, and 1/16 oz, as well as sizes in 1/5, 1/10, 1/20 and 1/50 oz.
You can get exactly what you’ve been searching for at GoldSilver.com, which also sells American Eagles, Krugerrands, American silver eagles, and other silver and gold products. Choose from gold coins, silver dollars, silver bullion, and more, all with safe online payment options, and shop with confidence thanks to their helpful, educated customer care staff.
One of the top precious metal online retailers, Goldsilver.com, has released its newest line of goods, which includes finished jewelry and bars of precious metal. With the 90-day money-back guarantee, the latest additions include precious metals like gold and platinum as well as jewels like diamonds, sapphires, and emeralds.
Services from Goldsilver.com
A website called GoldSilver.com offers gold and silver for sale at incredibly low costs. The finest place to purchase gold, silver, and diamonds for lower costs is at goldsilver.com, where you can also purchase jewelry, coins, and other priceless valuables.
International depository services provider GoldSilver.com offers trade services like official checks and letters of credit along with physical and precious metal depository services. They feature gold coins, bars, and rounds from all around the world, some of which have historical significance, with a concentration on precious metals. They provide advice on which choice might be best for your particular circumstances.
Customers may sell their precious metals to GoldSilver.com for cash or for credit toward the purchase of precious metals. The business buys unworn jewelry, scrap, broken or damaged jewelry, coins, and all other types of gold, silver, platinum, and palladium. For every delivery of gold, silver, platinum, and palladium, the company provides free shipping.
Among the best online retailers of precious metals and bullion items is Goldsilver.com, a precious metals company. Their unmatched customer service has always been their trademark, and their objective has been to offer the greatest precious metals at fair costs. A wide selection of 24K gold coins, silver coins, gold bars, and silver bars are available from them. One of the internet’s greatest selections of Gold, Silver, Platinum Bars, and Silver Coins is available at Goldsilver.com.
Silver and gold bars and coins are available from GoldSilver. They also sell a few items of gold jewelry.
Several of their best-selling gold coin offerings include:
- American Gold Eagles
- American Gold Buffalos
- Canadian Gold Maple Leafs
- Canadian Gold Elk
- South African Krugerrands
- Australian Gold Kangaroos
- Gold Britannias
Several of their best-selling silver coin offerings include:
- American Silver Eagles
- Canadian Silver Maple Leafs
- Austrian Silver Philharmonics
- British Queen’s Beasts
- Australian Coins
The Royal Canadian Mint, Royal Australian Mint, Perth Mint, United States Mint, Sunshine Mint, Republic Metals Corporation (RMC), and Valcambi Suisse are just a few of the public and commercial mints from which GoldSilver receives its goods. They obtain their goods from a total of 15 mints.
GoldSilver will store your precious metals for a fee if you do not wish to keep them at home (since this can occasionally be a security problem). They have locations in Toronto, Singapore, Hong Kong, Salt Lake City, and other cities. These facilities offer 24-hour security and private, secure vaults that are not banks. The cost of storage is based on the total amount of your account:
Goldsilver Fees and Charges
For shipping, handling, and taxes, GoldSilver charges regular rates. Additionally, if you decide to use one of their safe facilities, there is a cost for storage.
Your account’s size will decide the storage fee:
Account with $100,000 equals $60 each month
$30 monthly charge for a $50,000 account.
$15 monthly charge for a $25,000 account
$10k account equals $6/month in fees
$6,666 or less account equals $4 monthly cost
Additionally, if you desire more protection, you can look into their choices for segregated storage:
Pricing for Separate Storage:
Minimum monthly fee of $35 per metal, per vault
Pros and Cons
It is vital to read the Gold Silver review in order to be acquainted with the information regarding this precious metals company. Below is a review of the pros and cons of this company and it sets apart from the precious metals industry:
GoldSilver does a great job of providing timely news stories on gold or the economy on their website. The Hidden Secrets Of Money is an intriguing video series, and the authors also have a ton of informative blog posts. They have a ton of materials on their website if you are new to investing in precious metals.
Sell your Gold
By registering for a free online account, you can sell any of your precious metals items. They will provide you with a competitive price as long as the item is one they carry. They execute your transaction within three business days of receiving your product, and their bid prices are available online 24 hours a day, 7 days a week. After they have processed and verified your order, they will either mail you a check or transfer the money to your account by wire transfer.
Price Match Promise
They provide a price match promise to match any product’s listed price on the websites of their leading rivals.
Pay with Bitcoin
GoldSilver lets you pay for products made of precious metals in Bitcoin.
They Collaborate With Reputable IRA Custodians
A custodian must handle the transactions on the participants’ behalf even if a gold IRA gives them the option to include actual gold and silver goods in their retirement portfolio. Otherwise, you will lose all of your account’s tax benefits, according to the IRS.
As a result, you must select a custodian to oversee the activity of your account until retirement if you want to invest in precious metals through your IRA. The gold and silver things you choose to add to your account, however, are entirely under your control and held entirely in your name for complete ownership.
They also partnered with Equity Trust, Strata Trust Company, and New Direction Trust Company. Additionally, you can visit each custodian’s website and open an account there directly through GoldSilver.com.
Limited Product Choices
They do not offer an excessive number of gold/silver items in comparison to other gold/silver brokerages.
There are only two precious metals that can be used in precious metal IRAs: gold and silver. The other three are platinum and palladium. Only silver and gold are offered by GoldSilver.
Management of GoldSilver.com
The company’s founder and CEO, Mike Maloney, is in charge of running things. He founded GoldSilver.com in 2005, and he has been the company’s CEO ever since. Because of his background in financial advisory, he is a good fit.
The executive producer of a financial web series is Mike Maloney. Additionally, he is the author of several best-selling books regarding precious metal investing. The corporation stands itself from other rivals in the precious metals sector because of these qualifications.
Precious Metals IRA/ Gold IRA
Many people view them as reliable investments that can offer excellent diversification and aid in shielding your assets from the tumultuous economic climate. You can open an IRA with the help of GoldSilver.com’s IRA service.
Precious metal IRA opening is more complicated and restricted than regular IRA opening. You can’t just purchase gold and claim that it is in an IRA. An IRS-approved broker must be used to purchase gold, which must then be kept at a facility that has received IRS approval.
There is a lot of regulation surrounding the procedures for purchasing and selling gold for your IRA. You must thus work with a seasoned broker who has obtained the required IRS approvals and complies with all relevant requirements.
Fortunately, opening and managing such an account is simple with GoldSilver.com. They accomplish this using a three-step procedure they outline on their website:
Through one of the custodians the company supports, you open an account. You can work with the custodian that GoldSilver.com recommends or any of the others they have relationships with.
The IRA is funded by you. You can accomplish this by making recurring contributions, rolling over an account, or moving an asset from one IRA to another.
IRA Eligible Items
Customers at GoldSilver.com have access to a wide range of metals that are accepted by Individual Retirement Accounts (IRAs), including gold coins like the American Gold Eagle and Canadian Maple Leaf and bullion items made of platinum and palladium. People who invest in these precious metal IRA-eligible options have the chance to diversify their portfolios while also possibly profiting from precious metals IRA investments. This option may also include numismatics, or coins that are frequently regarded as collectors.
Purchasing Precious Metals
First off, it’s important to note that this website only allows you to purchase gold or silver. Options for platinum or palladium are not provided. It is important to keep in mind that both of these metals are less common and less sought-after by investors if you are considering investing in them.
From there, the website provides a list of the many kinds of gold and silver you can purchase. You can purchase well over a dozen different items of gold on the internet, including coins, jewelry, and bars. It’s interesting to note that you can also buy gold in increments of 1/100 oz, which is then either transported to you or stored for you.
This is really uncommon, and we haven’t seen it on any gold-related websites yet. This can be the best option for those who are interested in making incredibly little investments.
Selling Precious Metals
Although selling gold or silver is quite frequent, few websites actually have a selling policy in place. On its website, GoldSilver.com outlines its policy in relative detail.
Although this is not especially prevalent in the framework of the precious metals market, it is important to note that you must be a member of GoldSilver.com in order to sell the firm any of your precious metals.
They exclusively purchase precious metals that are already available for sale on their website. As a result, you will need to sell any other precious metal you may have elsewhere.
It should be mentioned, though, that the website is incredibly open about what it buys and what it sells. Due to the extensive amount of information they provide, misunderstanding is kept to a minimum.
Shipping and Insurance
At GoldSilver, delivery is free when you spend more than $499. If your order is under that amount, delivery is free up to a maximum of $25. Each item is carefully protected by GoldSilver during the shipping preparation procedure.
Furthermore, parcels are wrapped so that nobody can see what’s inside. To safeguard your privacy and the integrity of the transaction, GoldSilver.com frequently separates orders worth more than $75,000 into multiple consignments.
The shipments you make using GoldSilver are insured. It is promised that you won’t be held accountable for any tangible items’ loss or damage while they’re being transported.
Red Flags for GoldSilver.com
When investing in precious metals, it’s crucial to only work with businesses you can have complete confidence in. Because not all the information you require may be available on a firm’s website, it is not always the best approach to learn about a company.
Before making any significant decisions, reading reviews published by actual customers who have dealt with the business is a wonderful first step.
As a result, we made the decision to evaluate GoldSilver.com’s credibility. It has a C rating with the Better Business Bureau, according to our study. The organization also stated that GoldSilver.com is not accredited.
Rather, it obtained a 5/5 rating from TrustLink, a 4.3/5 star rating from Trustpilot, and an A+ grade from the Business Consumer Alliance. On Trustpilot, the business has received good feedback from over 1060 customers, demonstrating its dependability.
Customer Reviews and Complaints
One reviewer from the recent batch reported buying gold coins and shipping them using USPS. Customer service personnel signed for the box and confirmed delivery. This customer was angry with the responses they were getting from the business since a week after the due date, they had still not received their payment.
The customer said that after filing their complaint, management promised them a callback later that day. Never was there any interaction. The person said they had thought about calling the police and the Better Business Bureau.
The company admitted guilt for the delays and accepted blame. The day after the complaint was filed, the money showed up. In response, they acknowledged having an issue processing their incoming metals and pledged to take action to stop a repeat.
Another customer expressed disappointment that their shipment of silver had not arrived after two months. Eventually, the company acknowledged that they had got the order back. According to their policy, the customer must really be there to sign the contract.
The client was furious that they hadn’t made any attempts to get in touch with them. They have yet to receive a refund for the metals despite their best efforts. In response, the business asserted that the client was exaggerating the circumstance and had also forgotten the shipment while it was delayed at customs.
Is Goldsilver Legit?
Yes! In no way is GoldSilver.com a fraud. They have been a dependable source for dealing precious metals since 2005. Client response for GoldSilver.com has been very good.
However, a number of issues with this company can tempt you to go elsewhere. First off, GoldSilver.com is not BBB-accredited and has a C+ rating on Trustpilot. They received a C from the BBB for failing to address a complaint.
You ask why taking action wasn’t given more importance. In the past three years, GoldSilver.com has only received two complaints. Even if two is not much, it is still more than zero. There have been no complaints against other precious metals merchants.
Despite the fact that GoldSilver.com deals in precious metals, they only offer gold and silver coins and bars (neither platinum nor palladium). Platinum and palladium investments are a terrific way to spread your risk.
The hefty delivery costs on GoldSilver.com are another flaw. The company has a $499 minimum order quantity before shipping is free. Some businesses may provide free shipping on orders that are less than $50.
A wide variety of gold and silver products are available on GoldSilver.com. They provide a number of features that many other websites don’t, such as buying precious metals, opening IRA accounts, and a wide range of third-party storage possibilities. Goldsilver is one of the best precious metals dealers today offering world class gold, free gold investing kit and partnered with international depository services group.
They have been in business for about two decades and are quite open about their past and products.
Other Precious Metals Dealers: