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Are you ready to diversify your portfolio? Investing in precious metals, such as gold and silver, is the perfect way to do so to protect yourself against stock market volatility, inflation, and much more. If you've been searching for the right precious metals investment company, you may have come across GoldDealer, also called California Numismatic Investments.
What products and services does GoldDealer offer? Is the company trustworthy? Are they the best option when you're looking to diversify your portfolio? We'll address all of these questions and more in our full review of GoldDealer below! Continue reading to learn everything you wish to know.
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California Numismatic Investments, Inc, also called GoldDealer, has been in business for over 40 years. The company works hard to offer the services and support its customers need and strive to stand out over all the other gold investment companies out there.
GoldDealer offers free appraisals, competitive prices for both buying and selling precious metals, and PCGS-graded, top-quality coins.
If you choose to make a purchase from GoldDealer, you can take advantage of their satisfaction guarantee. If you are not happy with your purchase, they'll work with you to arrange for a return and a refund (with the current spot pricing).
GoldDealer offers a large selection of bullion for their clients to choose from. While many companies only offer gold and silver coins and bars, if you choose to work with GoldDealer, you can also invest in platinum, palladium, and even rhodium. Below are some of the different bars and coins available for purchase. Many of these are also IRA-approved bullion pieces.
Opening a Precious Metals IRA
Many experts recommend adding precious metals to an IRA. Doing so can diversify your holdings and provide you with protection against stock market volatility. To open a new Self-Directed IRA or rollover an existing retirement account into a Self-Directed IRA, you'll need to work with an IRA custodian company.
While GoldDealer is not a custodian, they work closely with Equity Trust company to help their clients open up a Precious Metals IRA and choose the metals they'd like to hold in their retirement account.
If you open a Precious Metals IRA, you must store your precious metals in an IRS-approved depository. GoldDealer will help you arrange for storage in one of the approved facilities, including the Delaware Depository or CNT Depository.
GoldDealer works with CNT Depository to offer storage solutions to their clients. If you choose to store your precious metals with the CNT Depository, you can feel confident that they will be safe and protected. The depository institutes a number of security measures and all holdings are fully insured by Lloyds of London.
Private Precious Metals Storage
If you are purchasing precious metals for a personal investment, you have more flexibility regarding how you wish to store your metals. You can always choose to have them sent to you, but storing them in a secure vault is the safest option.
Are There Any Red Flags for GoldDealer?
As we were preparing this review about GoldDealer, we checked with some of our favorite online review sites. These include the Better Business Bureau, Business Consumer Alliance, TrustLink, Trustpilot, and Google. We've found that reading what other customers have to say about doing business with a company can offer a good deal of insight about working with the company.
Reading through these reviews can help you decide whether you want to trust the company with your business. A company's website can be very helpful, but it doesn't always paint a full picture. Reading through reviews can help fill in some of the information that may be missing from a website, such as how helpful and responsive customer service is, whether the products that are sold match the online descriptions, and the overall level of attention you're likely to receive.
We were happy to see that GoldDealer has overall positive reviews on all the review sites we checked. The company is a Better Business Bureau accredited business with an A+ rating. They also have an AAA rating from the Business Consumer Alliance, the highest rating possible.
Perhaps even better than these high ratings from the BBB and Business Consumer Alliance is the fact that GoldDealer's reviews from real customers on sites like Trustpilot and Google are very positive.
Is GoldDealer a Scam?
So, is GoldDealer a scam? No, we don't see anything that makes us think that GoldDealer is a scam. In fact, overall, the company seems like a good option to work with.
They have positive reviews on all the review sites we trust. GoldDealer also offers a large selection of precious metals, including platinum, palladium, and rhodium, which you can't always find through other precious metals dealers.
While GoldDealer seems like an overall good company to work with, there are a few reasons it isn't one of our top picks. First, you can't place orders online. You can view the live prices, but you must call during normal trading hours to actually order gold, silver, or other precious metals. This isn't as convenient as websites that allow you to add items to an online cart and check out at your convenience.
You can purchase precious metals to add to an IRA from GoldDealer, but since GoldDealer isn't also an IRA custodian, you'll have to work with a custodian company as well. This can just add a bit more back and forth and make some extra paperwork that you'll need to complete. We think it is easier when you're able to find a precious metals investment company that is also an IRA custodian.
Pros & Cons of Golddealer
Overall, GoldDealer is a good company. If you choose to give them your business, you'll be able to choose from many different gold, silver, platinum, palladium, and even rhodium coins and bars. GoldDealer has a lot of positive reviews from past customers.
However, since many of our top-recommended gold and silver investment companies are also IRA custodians and have an easier online checkout process, GoldDealer didn't quite make the cut to be one of our favorite choices. We'd suggest taking a look at some of the companies we highly recommend and comparing them to GoldDealer before you make a final decision.
Although we think Golddealer is a pretty solid company, they did not make our top 5 list. We believe that the companies on this list provide better options.
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