GoldSilver.com Review

GoldSilver.com Review

GoldSilver.com Review

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.

  • Product: Precious metals
  • Owner: Mike Maloney
  • Overall Rating: 3/5 (not recommended)

About GoldSilver

GoldSilver.com Review

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.

Precious Metals

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.

Gold Bars

  • Gold bars of various sizes from different mints

Gold Coins

  • American Gold Eagle Coins
  • American Gold Buffalo Coins
  • Canadian Gold Maple Leaf Coins
  • South African Gold Krugerrand Coins
  • Australian Gold Kangaroo Coins
  • Austrian Gold Philharmonic Coins

Gold Jewelry

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:

  • Women's 22-karat Crossover Adjustable Ring
  • Men's 22-karat Medium Crescent Adjustable Ring - Matte
  • Men's 22-karat Medium Crescent Adjustable Ring – Polished
  • 22-karat Byzantine Gold Necklace (22-inch length)
  • 22-karat Rio Gold Necklace (22-inch length)
  • 22-karat Gold Circle Pendant and Chain
  • 22-karat Gold Star of David Pendant and Chain

Silver Bars

  • Silver bars of various sizes from different mints

Silver Coins

  • American Silver Eagle Coins
  • Canadian Silver Maple Leaf Coins
  • Austrian Silver Philharmonic Coins

Storage Solutions

GoldSilver.com Review

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.

IRAs

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?

GoldSilver.com Review

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.

  • Better Business Bureau: C rating; not a BBB accredited business; 1/5 (with 1 review)
  • Business Consumer Alliance: AAA rating
  • TrustLink: 5/5 (with 3 reviews)
  • Trustpilot: 4.4/5 (with 1,085 reviews)
  • Google: Not rated

Is GoldSilver.com a Scam?

GoldSilver.com Review

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.

Features

  • GoldSilver.com has been around for over 15 years.
  • You can purchase gold and silver bars and coins and well as gold jewelry.
  • If you have precious metals you want to sell, GoldSilver.com may be able to purchase them from you.
  • You can have your precious metals stored in a secure, guarded private vault.
  • If you choose to have your precious metals stored with GoldSilver.com, you can sell them or schedule to have them delivered to you at any time.
  • GoldSilver.com accepts checks, credit cards, debit cards, bank wires, PayPal, and Bitcoin for precious metals purchases.
  • GoldSilver.com can help you set up a new Precious Metals IRA or rollover the fund from an existing retirement account.

Pros & Cons of GoldSilver.com

Pros

  • There are a lot of positive reviews from past customers on Trustpilot.
  • You can choose to have your precious metals securely stored with GoldSilver.com.
  • They offer multiple different payment methods to make purchasing precious metals as easy as possible.

Cons

  • GoldSilver.com has a C rating with the BBB.
  • They don't offer the opportunity to invest in platinum or palladium.
  • You must spend at least $499 to get free shipping.

Final Verdict

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?

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