GSI Exchange Review 2023: Scam Risk or Safe?

You may have heard of gold IRAs if you’re trying to diversify your investment portfolio for retirement. If you’re searching for something other than stocks or bonds for your IRA, it’s one of many possibilities that are available for a retirement vehicle.

The hurdles of starting a Gold IRA are unique, but if you locate the proper company, it can be a profitable addition to your portfolio.

GSI Exchange is a leading national coin and trustworthy precious metals company specializing in gold and silver coins. GSI Exchange is one of the businesses that may assist clients with Gold IRAs. Is GSI Exchange the best business to work for you? Together, let’s find out below.

Investing your savings is a serious task, so let’s get started. How do you choose which firms to include in your portfolio when adding precious metals?

Because of this, experts looked into every business in the sector and chose the very few with the highest standards for customer care.

By doing so, you can quickly compare the top businesses in the industry and select the one that best suits your requirements and financial objectives.

Keep on reading this GSI Exchange review to determine if this precious metal company is worth working with.

Protect Your Wealth & Get Huge Tax Savings!

Overview of the GSI Exchange Company

GSI Exchange, a coin and precious metals business founded in 2014 provides wholesale trading as well as Gold and Silver IRA products for individual investors.

The executive team of GSI Exchange, which is based in Palm Beach Gardens, Florida, has more than 75 years of combined expertise in the financial sector.

Anthony Anderson, a senior coin broker with nearly 20 years of senior-level experience, serves as the managing partner of GSI Exchange.

His prior expertise includes over ten years in the financial sector and dealing with some of the biggest gold and silver dealers in the US.

They offer in-depth details about the whole GSI Exchange team, including a background investigation conducted by the National Ethics Association.

Along with Account Executives who support solitary consumers with their accounts and purchases, they have team members who help with IRA services.

The Services and Features of GSI Exchange

A third-party custodian can be used, or GSI Exchange offers aid in setting up a Gold or Silver IRA. They also provide choices for customers to sell their precious metals by registered and insured US mail and can help if you’re looking to roll over money into a Gold or Silver IRA.

Along with other precious metal products, you can purchase gold bars, gold coins, silver coins, silver bars, and more. Additionally, they provide account services, which enable you to view your assets on the dashboard as well as buy requests, newsletters, and other things.

GSI Exchange: Why Invest In This Company?

Here are some of the main justifications to invest with them:

A global trading platform called GSI Exchange provides its customers with a range of goods and services. Commodities, currency, indexes, and equities are some of them, but their core area of expertise is actual precious metals.

You can rely on them to assist you in reaching your financial objectives because they are one of the brokerages with the quickest global growth.

The brokerage company was established by seasoned investors who had the same objective of giving investors anywhere access to top-notch investment possibilities.

In addition to providing a large selection of goods and services, GSI Exchange also gives its customers thorough training and support.

GSI Exchange Products and Services

The major products and services offered by GSI Exchange for both private customers and commercial customers are as follows:

The organization provides a range of choices for individuals with the goal of assisting investors in making decisions regarding their portfolios.

Included in this are gold and silver IRA plans, which let individuals hold actual gold and silver in a retirement account.

Through pooled accounts, domestic and international storage options, etc., the organization provides investors with a wide range of additional purchase, sell, and storage alternatives for precious metals.

Bank Failure Scenario Kit

Customers of GSI Exchange can relax knowing that their money will be secure even if a bank fails. Every client account at GSI Exchange is divided among several FDIC-insured institutions.

Your money cannot be combined with that of other customers or businesses. This suggests that the bank is holding your cash in a separate account from those of any other customers or the bank.

These separate savings accounts are held in trust by the FDIC, which must promptly return them to you in case of a bank failure.

State regulations in the US regulating precious metals

The same restrictions that are applicable to other investments do not apply to the acquisition of gold, silver, platinum, and palladium bullion in the United States.

Stocks and bonds are subject to regulation by the U.S. Securities and Exchange Commission, but there is no one regulatory organization in charge of the precious metals market. This is due to the fact that gold is regarded as currency rather than a security.

The majority of states consider gold, silver, and other precious metals to be legal tender, which means that when they are sold at spot price to another person or company, neither sales tax nor capital gains tax is due.

The sale of precious metals is nevertheless subject to laws in several states. These rules frequently mandate that dealers get licenses and bonds before engaging in transactions involving coins or bullion in order to protect investors.

Additionally, they demand that dealers weigh precious metals in front of customers and deliver copies of invoices for each transaction.

Precious Metals IRA

Retirement accounts known as precious metals IRAs contain real gold, silver, platinum, and palladium. You can buy and sell these precious metals as coins or bars, have them delivered to your house, or keep them in a depository.

You can invest in some of the most sought-after commodities worldwide with a GSI Exchange Precious Metals IRA, including gold, silver, and other tangible goods with true worth.

A woman in a cartoon studying taxes with a calculator

Your precious metals are safeguarded against debtors, legal action, loss of purchasing power, and depreciation of paper money.

The GSI Exchange team is committed to assisting you in taking charge of your finances by making gold investments. Entrepreneurs who launched the business think it’s time for Americans to get started preserving their hard-earned money from the unpredictable economy.

GSI Exchange: Selling to and Purchasing

The precious metals wholesaler GSI Exchange will gladly purchase your gold, silver, platinum, and palladium from you.

However, they mostly deal in selling you those metals so that you can hold them as investments. They offer a range of weights, from tiny pennies to gold bars weighing one kilogram. Additionally, they offer bullion that has been fashioned into jewelry.

GSI Exchange offers a comprehensive online inventory for you to peruse before placing an order with them, in contrast to the majority of dealers. The catalog offers thorough details, including the cost of the items and the price at which they are being offered for sale.

If you want to know what they have available at any particular time, you might also need to get in touch with them directly.

On their website, they offer a toll-free number (1-800-577-3195), but they don’t give an address, so if you’d rather correspond by snail mail or email, you’ll need to search online for it.

The prices that GSI Exchange charges for their precious metals are frequently announced online and are subject to change.

Again, this is owing to the fact that they fluctuate regularly as a result of market movements, thus they make sure to update the pricing frequently to guarantee that customers receive the accurate and most recent prices for the goods.

You must get in touch with them if you want to learn how much something costs or how much they’ll pay for anything you’re selling.

Account Details

Customers of GSI Exchange can open a free account. Gold and silver can be purchased and sold by customers at market value and at their own risk. There is no minimum investment needed to start an account with GSI Exchange, however, there is a $75 yearly fee.

If you reach one of the following tiers, the charge is waived:

“GSI Elite” members are clients who own more than $50,000 in precious metals and are exempt from paying an annual charge.

Clients are considered “GSI Platinum” members and are exempt from paying an annual fee if they own more than $100,000 in precious metals.

“GSI Diamond” members are clients who own more than $250,000 worth of precious metals, and they are exempt from paying an annual charge.

GSI Exchange Prices and Fees

The GSI Exchange’s online catalog contains a breakdown of the costs associated with buying and selling precious metals. You can check the price of the gold or silver products you want to buy using the online catalog.

With GSI Exchange, you can start an account for nothing, but there is a $75 yearly charge. If you own more than $50,000 worth of precious metals, this fee is exempt.

There is normally a $1500.00 minimum order amount for orders, and large items may take longer to deliver owing to their size. More information will be available to you from your Account Executive.

GSI Exchange: Is it a Scam?

Although GSI Exchange currently has a BBB A+ rating, the company is not BBB accredited. In the previous three years, GSI Exchange has only received one complaint about delivery schedules. Their customers have generally provided excellent reviews.

One thing to keep in mind is that the GSI Exchange only facilitates the buying and selling of gold and silver products at wholesale prices.

Despite the fact that they list a pricing range on their website, you won’t necessarily pay this because costs can change daily. To get guaranteed pricing, you must phone their customer service number and speak with a customer service representative.


Free delivery for purchases above $10,000

Coins and bars are offered at competitive prices for self-directed IRA accounts.

An IRA can be opened by novice investors with as little as $500.


The absence of items including Platinum and Palladium is another drawback of GSI Exchange. Their main areas of expertise are the US Mint, Royal Mint, Royal Canadian Mint, and Perth Mint coins and bars. Consider a different firm if you’re seeking for other kinds of precious metal investments.

When GSI Exchange experiences delays in getting specific products from their vaults or other wholesalers, an order may occasionally become back-ordered. This can push back your ship date by a week or so.

The website lacks a live chat feature.

They only maintain physical stores.

It is challenging to compare prices with other dealers because they only have a small selection of the gems available on the website.

GSE Exchange Reviews and Evaluations

A dealer with an amazing selection of silver, gold, and platinum coins is GSI Exchange. Additionally, they provide storage for bought coins and silver and gold bullion. The Better Business Bureau has given GSI Exchange an A rating, but there are only seven reviews available.

TRUE BULLION LLC DBA GSI EXCHANGE was given cease and desist orders by the Texas State Securities Board (TSSB) and the Alabama Securities Commission (ASC), requiring it to stop operating illegally in both states. According to the Texas and Alabama rulings, GSI Exchange engage in an illegal advisory scheme involving millions of money. There are 450 investors in the fraud, many of whom are older folks. Investors were allegedly informed by GSI Exchange that the investments in their retirement portfolios were high risk and they could lose their money.

Final Reflections

GSI Exchange can be the best option for you if you’re seeking a company to purchase and sell precious metals for your Gold IRA. For you to discover more about Gold IRAs and the entire precious metals market, they offer a ton of free information. For specific gold or silver objects, you can obtain a variety of prices, making it simpler to compare the various goods.

If you make the choice to use GSI Exchange, you will need to choose a different custodian for your Gold IRA and a depositor to hold the precious metals in your Gold IRA.

Keep in mind that they can charge fees on top of the costs you already pay to GSI for your account.

It’s a good idea to weigh all of your alternatives when looking for a firm for your Gold IRA before creating any accounts or making an investment, just like with any other investment. Reading up on various companies and conducting research on them is always a smart idea if you want to choose the right option for your retirement.

Other Precious Metals Dealers:

Tim Schmidt


Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He started IRA Investing to share his expertise in using his Self-Directed IRA for alternative investments. His views on retirement investing have been highlighted in USA Today, Business Insider, Tech Times, and more. He invested with Goldco.