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Gold and silver have been highly coveted around the world for centuries. To this day, they remain an amazing investment option, and you can even add them to an IRA or another retirement account. Investing in precious metals can also protect you against stock market volatility and make sure you're financially ready for your future and retirement.
GoldSilver.com is one of the online precious metals dealers that can help you start investing. If you'd like to learn more about the company and how it operates, you're in the right place. We've put together a comprehensive review so you can decide if GoldSilver.com offers what you're looking for in a precious metals investment company.
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GoldSilver was founded in 2005 by Mike Maloney. As you may guess from the company's name, they offer a variety of gold and silver bars and coins, as well as gold jewelry items. GoldSilver wants to make the process of investing in precious metals easy for all their customers. You can always contact the company by phone, email, or live chat if you have questions or need help placing an order.
GoldSilver's website also offers a wealth of resources for those new to investing in precious metals, as well as those who are seasoned investors. You can request a copy of Mike Maloney's book in investing, find a link to watch the docuseries "The Hidden Secrets of Money," or read through current news and information related to investing.
Like we shared above, GoldSilver sells gold and silver coins and bars, as well as some exquisite solid gold jewelry. Here are some of the products currently available for investors.
GoldSilver offers gold jewelry items from the bullion jewelry line from Gold without Borders. This line was developed to help investors be more discreet with their investments or gifts. The jewelry items available through Gold without Borders offer the same purity levels that you'd find with a gold coin or gold bar. Both 22-karat and 24-karat options are available. Some pieces include:
The best way to protect your investment is to store it in a secure vault. GoldSilver offers five different vault storage locations in Singapore, Hong Kong, Toronto, Dallas, and Salt Lake City. The vaults are operated by Brinks or the International Depository Services Groups, both trusted names in the storage industry.
If you choose vault storage through GoldSilver, you will always be designated as the sole owner of the metals. You will also be able to monitor your portfolio online at any time, sell your precious metals, or decide to have them shipped to you whenever you'd like.
GoldSilver has made it incredibly easy to set up your storage account. When you place an order through the website, you can simply select "Storage" as the shipment destination. Then, you'll be able to provide all the necessary information to get everything all set up.
Looking to add precious metals to your IRA? If so, GoldSilver can work with you through the process. They have a list of supported IRA custodians who can help you open and fund the account. Then, once your account is funded, you can choose from the different IRA-approved precious metals offered by GoldSilver. GoldSilver will handle packing and shipping your metals to an IRS-approved depository too!
Selling to GoldSilver
If you are ready to sell some or all of your precious metals, GoldSilver may be interested in purchasing what you have. You can create an account through the website and enter the information about the coins or bars you'd like to sell. A member of the GoldSilver team will review the information you entered, and contact you with information regarding whether they are interested in purchasing your metals and the buyback price.
You can then carefully and securely package all of your metals to ship them to GoldSilver. After your shipment has been received and verified, GoldSilver will issue your payment.
Are There Any Red Flags for GoldSilver.com?
OK, so now you have a feel for the products and services that GoldSilver.com offers. But, is the experience they promote on their website what you can actually expect should you choose to work with them. While there is no way to predict the future, you can get a good feel for what to expect by looking through reviews from past customers.
Below is what we found through some of our favorite review sites about GoldSilver.com. As you can see, the company has a lot of very positive reviews on Trustpilot, with a 4.4 out of 5-star average. They also have a AAA rating from the Business Consumer Alliance, which is the highest rating possible.
However, then you look at the Better Business Bureau and see the C rating. This is clearly an indication that something is not right. The BBB does not base their ratings on customer reviews. Rather, they assess different elements of a business' operations.
The website states that the reason GoldSilver has a C rating is that they failed to address one complaint that was filed against them by a previous customer.
Is GoldSilver.com a Scam?
We do not believe that GoldSilver.com is a scam. They are a legitimate company and have been in business for more than 15 years. Additionally, the company's founded, Mike Maloney, is trusted and respected in the gold investment industry.
So, if GoldSilver.com isn't a scam, does that mean you should call them up right now to start investing? Obviously, this is really up to you. It's your money, so you get to choose what to do with it.
We will tell you, however, that there are a few reasons we may be a bit reluctant to give our money to GoldSilver.com. The first is that the company has a C rating with the BBB. Granted, the C rating was only given because they did not respond to a complaint from just one customer, but it is still troubling. There are so many other precious metals companies out there that have managed to maintain their A+ rating with the BBB, that it makes you wonder why GoldSilver.com let it slip.
We also wish that GoldSilver.com offered investors the opportunity to purchase platinum and palladium. You can only choose from gold or silver coins and bars, and adding some platinum or palladium options would make it easier to diversify your portfolio even further.
While many precious metals investment companies offer free shipping with all orders, with GoldSilver.com, shipping is only free if you order at least $499 in precious metals.
Pros & Cons of GoldSilver.com
Do you feel like you've learned enough about GoldSilver.com to decide if they are the best company for you to work with? What do you think? Are you ready to call them up, or would you rather learn more about one of our top picks for the best precious metals investment company?
Although we think GoldSilver.com 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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