Is Kitco USA a legitimate precious metals company or just another hoax? This Kitco USA review will give you thorough information about this company to assist you in figuring out if they are the best company for your 401 rollovers or Gold IRA. This is also helpful in putting clients’ best interest.
Kitco Overview
Kitco Metals Inc is a renowned precious metal company headquartered in Hong Kong, Montreal, and New York. They have been in the gold and silver markets for many years.
The company was built in 1977 by Bart Kitner. After a couple of years of remarkable management and unique business strategies, the company has grown to be the biggest company selling precious metals.
Kitco Metals Inc biggest competitors are IRA Financial, Regal Assets, Apmex and Money. Kitco is legit.
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Kitco Features Overview
The most exceptional feature of this precious metal company is the responsive website. They have developed a sophisticated and easy-to-use web platform that sets them apart.
Some of the services provided by the online platform include complete metal price charts to enlighten investors.
Also, they have real precious metals information, news, and expert commentaries.
Kitco doesn’t offer precious metals IRAs. If you want to open a Gold IRA, it is highly recommended to look for another company.
Kitco Products and Services
Unlike other precious metals companies, the company is a little bit exceptional because of its diversified operation.
You’ll find that they did not just sell and buy precious metals like gold coins, bullion bars, but also played an important job in filtering the coins by providing lab equipment and the needed technology.
Kitco mainly trades in palladium, platinum, rhodium, silver, and gold, and customers can purchase from or sell the precious metals back to them conveniently via the website. They also offer 401 (k) rollovers and IRA; you can easily transfer the retirement to gold or silver.
The latest reviews show that Kitco Metals Inc stands out when it comes to the selection of products. You will find coins from popular government mints like The Royal Canadian Mint, rare coins, and metal bars of different sizes.
Pros & Cons
Pros
- Kitco News is one of the best features to keep you updated about the latest gold news including silver prices in Japanese yen.
- Exclusive Commentaries and Audio Commentaries gave Kitco lots of positive comments
- One of the top companies in the world with remarkable positive reviews.
- Delivery time is fast
- Fully insured
- the products and service is top notch
Cons
- Lack of information provided about their products
- Customer Reviews
- According to a former employee, it is one of the worst company. The company is currently under Bankruptcy protection for one of the largest tax frauds in the history of Canada.
Kitco Fees
There is no clear information about the initial storage setup, minimum purchase amount as well as annual admin fee.
On the other hand, the yearly storage fee is $150. This is lower compared to other precious metals companies out there.
Kitco Reviews and Accreditation
Kitco’s reviews on BBB show that this company has an A+ rating. The BCA or Business Consumer Alliance neither accredits the company nor does it have any feedback there.
There are no reviews on social media sites, TrustLink and Ripoff Report.
Is Kitco Worth Your Money or Time?
As an investor, it is your liability to do detailed research and choose for yourself.
You can ask investment advisers because some conduct their own neutral, independent, honest, and fact-based research and guide you accordingly.
After looking at different Kitco reviews, feedback, and the products offered, it is safe to say that they are a reliable precious metals company.
With many years of industry experience, the company can survive and overcome the competitive precious metals industry. Jonathan Da Silva is one of the famous members of Kitco.
However, Kitco Precious Metals Inc doesn’t specialize in rare coins and is not ideal for numismatists. For numismatic coin collectors, it is advisable to look for other companies.
About 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.
