Despite its name, Only Gold offers more than just gold. You can also invest in silver, platinum, and palladium through this company. Adding these precious metals to your investment portfolio, either through a personal investment or in an IRA, can help you prepare yourself for the future.
If you'd like to learn more about Only Gold to determine if they're the right company for you, continue reading. In this review, we'll share more about the various coins and bars they offer and the level of service and support you can expect to receive should you choose to work with this company.
About Only Gold
Only Gold was founded by Richard Smith. After many years in the precious metals industry, Richard decided to take a step back from daily grind and sought out a merger with CMI Gold and Silver Inc, another precious metals dealer. CMI Gold and Silver has decades of experience in the industry and is another highly trusted company.
After the merger, CMI Gold and Silver left the Only Gold website up to allow customers to shop for precious metals to add to their investment portfolio. CMI Gold and Silver remains committed to offering fair and transparent pricing, exceptional service, and top-quality products to all of its customers.
While many online precious metals investment companies only offer gold and silver coins and bars, Only Gold also offers the opportunity to purchase platinum and palladium pieces. Below, you'll find some of the different coins and bars available to investors.
If you visit Only Gold's website, you can take a look at the "Specials" section. In this section, you can find discounted products. Only Gold marks down products that they don't typically offer, but have in their possession for some reason, imperfect or blemished precious metals, and even popular bullion pieces that they may have an excess supply of.
Selling Precious Metals to Only Gold
Only Gold will also purchase precious metals from individuals looking to sell their holdings. If you have at least 5 ounces of gold you're looking to sell, you can contact the company to get a quote for your metals. The representative you speak with can also help you understand what you'll need to do to securely package and ship your gold coins and bars to Only Gold.
Information and Resources
Only Gold has dedicated a section of their website to helping their customers learn more about investing in precious metals. When you visit the website, you can hover your mouse over "Learn" to see the different categories of information. For example, you can visit the FAQs section to learn more about how the company operates, buying precious metals for the first time, or to read some statistics and facts about gold. They also have a section labeled "Gold as a Gift" which explains some of the top benefits of gifting gold to a loved one – both for you and for them.
Are There Any Red Flags for Only Gold?
We've found that it can be extremely useful to check with reviews from past customers to help determine if there are any red flags for a company. This can help you learn details about how a company operate and does business that aren't necessarily shared on the website.
When we looked up reviews for Only Gold through our trusted review sites (the Better Business Bureau, Business Consumer Alliance, TrustLink, Trustpilot, and Google), we did not see any reviews from past customers. The company does have an A+ rating from the BBB, but that rating is not determined based on input from previous customers.
As we shared above, Only Gold merged with CMI Gold and Silver in 2014. So, we decided to check reviews for CMI Gold and Silver to see if they would be at all useful. CMI Gold and Silver is a BBB accredited business with an A+ rating. Reviews from past customers for CMI Gold and Silver are also pretty limited, but there were 15 customer reviews on the BBB's website with an average rating of 4.73 out of 5.
Use the information/lack of information from these reviews to help you decide whether Only Gold is the right company for you. There is nothing glaringly awful from the reviews, but there also aren't a lot of reviews to go off of.
Is Only Gold a Scam?
Now, if you're wondering whether we found anything that made us believe that Only Gold is a scam, the answer is no. We have no reason to doubt that they are a legitimate company.
Obviously determining whether a company is a scam is the first order of business when deciding whether to work with them. Next, you need to decide whether they are the right fit for your needs. This is a question that you'll need to make on your own, but our thoughts and opinions may be of some help.
The lack of reviews for Only Gold does make us a bit hesitant to recommend them to our readers. We'd feel more confident recommending a company that had a lot of positive reviews, rather than one that feels like more of an unknown.
Only Gold's website doesn't include any information about IRAs. While they may offer many IRA-approved coins and bars, you'll need to find a separate IRA custodian company to work with if you want to set up a Precious Metals IRA. This can complicate the process and may mean more paperwork for you to fill out than if you were able to find one company that offered both services.
We think that the ordering process is easier with some other companies. With Only Gold, you have to call to place an order, while many other companies allow you to add products to your cart and checkout online.
Pros & Cons of Only Gold
When you found this review article, you were trying to decide whether Only Gold offered the products, services, and support you were looking for in a precious metals investment company. Now that you've learned more about Only Gold, what do you think? Are they the right company for you, or do you think someone else may be a better fit for your needs?