Last Updated on February 27, 2023 by George
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Numerous investors are turning to metals to diversify their investment portfolios as a result of the increased stock market volatility and the ongoing political unrest.
Gold has historically maintained its value despite significant stock market volatility, demonstrating its effectiveness as an inflation hedge. Long-term investors frequently prefer real gold over gold mining companies, ETFs, or gold receipts.
High-quality genuine gold purchases and having it brought home or kept in a secure vault have always been difficult, especially with the rise of online gold sellers.
However, only purchase from a reputable source, as fake metal coins and gold are occasionally sold online.
You may have come across GoldSilver.com while looking for the best company to work with to purchase silver or gold bars and coins or add them to an IRA.
Before you begin this evaluation:
They know how challenging it is to choose a business you can entrust with your hard-earned savings. They produce informative and practical material to give you as much information as possible to make the best decision.
To make comparing and selecting the company most suited to your needs as simple as possible, we’ve compiled a list of our highest-rated investment firms.
GoldSilver is one of the most well-known names in the precious metals industry. It has provided information and services from a global bullion dealer to customers since 2005.
It offers a wide selection of bullion products, international shipment, safe storage in private vaults, and several practical payment alternatives. The business aims to simplify investing in precious metals as much as possible.
If you want to place an order over the phone or have inquiries about home delivery, vault storage, or certain products, you can get in touch with, chat online, or email its staff.
Mike Maloney, the developer of GoldSilver, the host of Hidden Secrets of Money, a former Rich Dad/Poor Dad counselor, and the author of a best-selling book, is in charge of running the business (Guide to Investing in Gold & Silver).
The company’s website contains videos meant to inform investors about precious metals and how they may utilize them to increase their wealth.
You can choose from some payment methods when purchasing GoldSilver.com, including bank wire transfers, PayPal, credit cards, Bitcoin Cash, and Bitcoin.
Why Put Gold in Your IRA?
Individual Retirement Accounts (IRAs) protect your retirement and your family’s financial security. These special accounts allow you to set aside tax-protected savings that you can use in the future. With these long-term accounts, it’s essential to allocate a significant portion to solid and reliable assets to have a comfortable, worry-free lifestyle during retirement.
You can have cash in an IRA, but that is devaluing rapidly, and inflation is out of control.
It would help if you had an asset that’s dependable, retains its value, and even increases in value over time, and there is no better asset for this than gold. With the world’s economy struggling through lockdowns, shortages, wars, and inflation, uncertainty has never been higher, and investors are protecting themselves by placing physical gold in IRAs.
A gold IRA investment prospers from these crises, negatively affecting most other assets.
Risk is knowing the economic dangers and doing nothing to protect yourself and your family.
Safety is knowing the economic dangers and taking action to protect your financial future, which is easy to do with a Gold IRA.
Precious Metals IRAs
Precious metal IRAs are types of self-directed IRAs. Self-directed IRAs enable users to invest in a diverse range of nontraditional assets, such as precious metals. Adding precious metals or gold to your retirement plan may help preserve your wealth in various ways, including lowering potential investment volatility and risk, acting as a hedge against economic downturns, and offering a tax-efficient vehicle for prospective gains.
You can invest in silver, gold, platinum, or palladium through precious metal IRAs. Although GoldSilver.com sells just gold and silver, their products adhere to the IRS’s precious metals criteria. The company’s staff can assist you in opening a new account or rolling over cash from another retirement plan. They collaborate with IRA custodian businesses to guarantee that each IRA is appropriately set up per IRS standards (their gold and silver metals are more than 99.5 percent and 99.9 percent pure, respectively).
GoldSilver.com Products
GoldSilver takes pride in delivering its clients the most dependable and liquid bullion products. It stocks only the most respected mints’ gold coins, bars, and jewelry.
Among its bestselling gold products include the following:
Gold Coins
- Gold American Buffalo Coins
- Gold South African Krugerrand Coins
- Gold Austrian Philharmonic Coins
Gold Bars
- 1-ounce gold bars
- 10-ounce gold bars
- 400-ounce gold bars
Gold Jewelry
- A stunning collection of 24- and 23-karat gold jewelry
GoldSilver’s range of silver bullion bars, rounds, and coins are the most investor-friendly on the market. The company provides traditional silver coins such as the American Silver Eagle and the Canadian Silver Maple Leaf.
Additionally, it provides a large assortment of private mint rounds at competitive costs. Also, it manufactures exclusive mixtures of silver rounds known as the Modern Ancients.
These customer favorites are a fantastic way to diversify your investment portfolio and capitalize on 99.9% pure metals at a far lower price than most current government-minted coins.
Among its bestselling silver products include the following:
Silver Coins
- Silver American Eagle Coins
- Silver Austrian Philharmonic Coins
- Silver Britannia Coin
- 1-ounce silver rounds
Silver Bars
- 10-ounce silver bars
- 1-kilo silver bars
What is the Best Gold to Buy?
While purchasing gold bullion coins is a physical method to acquire investment-grade gold— provided renowned mints create them with the most incredible quality, purity, and liquidity—gold bars have been a reliable store of value for ages.
Due to their versatility, gold bars are suitable for a broad spectrum of investors. The appeal of gold bars over coins is because of their cheaper premiums, one reason exchanges, central banks, and other entities purchase gold bars.
Gold bars are also intended for convenient storage. Small investors can access these benefits; purchasing gold bars provides you with the most ounces for your money and allows you to store it in some of the same facilities as more prominent investors.
However, gold rounds lack face value; thus, the mint that produces them is vital. It makes bars the best option.
Storage Options
You can keep your valuable metals is fully licensed and insured vaults operating independently of the world’s banks. And so, you won’t have to worry over governments seizing your assets or subjecting them to taxes.
Each storage location utilizes segregated storage, implying that you’ll be the exclusive owner of your metals.
The company has several account types. You can create an individual account type for your investments or a joint one if you’re investing with a spouse. You may utilize trust or limited liability company accounts for more complicated investment portfolios.
Each vault is operated by either Brinks or International Depository Services Group, some of the world’s most reputable security corporations.
Along with sites in Salt Lake City and Dallas, there are vaults in the following cities:
- Hong Kong, China
- Singapore
- Toronto, Ontario, Canada
The company has a preferred partner if you require a certified custodian to manage your IRA vault. They frequently collaborate with Equity Trust. Some people, though, may have a different idea about a custodian.
The company is open to collaborating with well-known custodians such as Goldstar Trust Company, Strata Trust Company, and New Direction IRA.
Shipping and Insurance
GoldSilver ships purchases above $499 for free. Orders under this amount will receive a complimentary $25 delivery charge. When preparing orders for shipment, GoldSilver takes excellent care to protect each item.
Additionally, orders are wrapped discreetly to prevent others from discovering what is inside.
GoldSilver.com frequently splits orders above $75,000 into multiple consignments to ensure the security of your transaction.
GoldSilver does insure parcels during transit. You will not be held liable if anything happens to your hard assets during transportation, including loss or damage.
Selling to GoldSilver.com
GoldSilver may buy precious metals from you if you wish to sell them. However, the company only buys precious metals in acceptable condition.
Additionally, they will only purchase products in the increments specified on the page.
To sell to GoldSilver.com, you must meet the criteria and open an account on their website. Following this info, GoldSilver will validate if your metals are available for purchase and provide you with shipping instructions.
You are responsible for the cost of mailing your purchases. After receiving and inspecting your precious metals, you will receive your money. You will be paid through a wire transfer or check (a $25 fee will be applied for wire transfers).
Warning Signs for GoldSilver.com
Investing in precious metals involves seeking an extremely reputable and trusted organization with whom to do business. There are better methods to gain a complete picture of the organization than finding information on a business’s website.
Before making any significant decisions, you should read reviews from genuine customers who have worked with the organization.
And so, we took the liberty of assessing GoldSilver.com’s reputation. Our search showed that it was rated C by Better Business Bureau, and the agency also mentioned that GoldSilver.com isn’t accredited.
On the other hand, Business Consumer Alliance, Trustpilot, and TrustLink gave it rankings of AAA rating, 4.3/5 stars, and five stars ratings, respectively. Considering that more than 1060 rated it on Trustpilot, it’s clear that the company is reputable.
Real Customer Reviews & BBB
Why is GoldSilver failing to deliver?”
– on Trustpilot, Charlie J.
It will take me a while to express how angry they made me feel a few months ago. They are setting a trap for website visitors.
– On BBB, Charles D.
“Mike possesses a very high financial IQ. He warned you about the impending economic storm and the wealth transfer it would bring to those who had taken the effort to anchor their financial security to the solid foundations of gold and silver. You would be wise to heed his words.”
Is GoldSilver.com a Scam?
No, GoldSilver.com is legit. They’ve been a trustworthy precious metals trader since 2005, and many customers have expressed satisfaction with GoldSilver.com.
Yet, a few issues with this company may indicate you should look elsewhere. Firstly, GoldSilver.com is not recognized by the BBB and has a C rating. According to BBB’s website, they received a C rating because they did not reply to a complaint.
You wonder why the issue still needs to be addressed. GoldSilver.com has received two complaints in the last three years. Although two is hardly a ton, it is more significant than zero—some precious metals traders have had no complaints.
Many precious metals businesses now sell platinum and palladium besides gold and silver—GoldSilver.com only offers gold and silver coins and bars, no platinum or palladium. Platinum and palladium are beautiful ways to diversify your portfolio.
Shipping costs are another disadvantage of GoldSilver.com. The company requires you to spend at least $499 for free shipping, and some companies provide free shipping on all orders or goods under $50.
Pros and Cons
Pros                    
The company can house your precious metals in any of its three countries’ vaults, allowing you to choose the one that offers the highest financial benefits.
- You are free to sell and control your holdings.
- The company’s vault storage does not have any obligations or contracts.
- It can transport precious metals to you via USPS, UPS, or FedEx inside the United States and worldwide.
Cons                    
There are no precious metals other than silver and gold available.
- Numerous unfavorable consumer comments about the company’s management and operations
Final Thoughts – GoldSilver.Com Review
Undoubtedly, most of the top ten metal dealers provide superb, near-perfect services. Based on the above evaluation, there’s no reason to avoid GoldSilver.com.
It provides excellent services to new and returning consumers. Aside from its owner being one of the industry’s most recognizable individuals, its website answers all the questions about its credibility. However, with its bad BBB rating, exorbitant shipping fees, and a restricted variety of precious metals, it’s understandable if you choose the next better option.
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