Colorado Gold has been a go-to for those keen on delving into precious metals investments for over four decades. If you're pondering about branching out into gold, silver, or other shiny assets for your IRA or as a standalone investment, you're likely considering them.
Is Colorado Gold your golden ticket to portfolio diversification? Can they offer a robust range of precious metals? Is setting up an IRA with them a breeze? And what's the word on the street about their past customer engagements? Dive with us as we unpack these pressing questions and more!
What's on Offer: Shimmering metals
Guiding Hand: Don Stott (the visionary behind it, took a step back in 2015)
Standing Tall at: 2.9/5
Established in 1977 by Don Stott, Colorado Gold began its journey as a cherished family enterprise. Although Don stepped back in 2015, the torch was seamlessly passed to Melissa, Morgen, and David - Don's legacy bearers and children. This trio continues to uphold the company's esteemed principles, much like their father did for decades. This dedication has earned them an impressive A+ from the Better Business Bureau.
Interestingly, since Melissa, Morgen, and David reside in different parts of the country, they offer longer operational hours, giving them an edge over some gold investment competitors.
At Colorado Gold, the concept of peddling rare coins doesn't resonate. They view these coins as collectibles rather than sound investments. Staying true to their mission of guiding clients towards informed financial choices, they restrict their offerings to gold, silver, platinum, and palladium bullion bars and coins.
Below are a few bullion bars and coins you can purchase with Colorado Gold.
For those who relish superb offers and cherish savings, navigate to "Our Specials" on the Colorado Gold site. Here, diverse coins and bars await at exclusive rates. With fluctuating stock, it's wise to revisit often.
Thinking about buying precious metals from Colorado Gold? It's a straightforward journey! Start by completing the client agreement available on their website. It's a breeze — just input your name, address, and email, then acknowledge the agreement's terms. Key things to note:
Once the agreement's sorted, decide on the items and their quantities, and give them a ring. Upon order confirmation, they'll assign a trade number, letting you know the payable amount.
Payments? They accept wire transfers, personal or cashier checks, and even VENMO for smaller amounts. Remember, all check types require a seven-day clearing period as a fraud-preventive measure.
After settling the payment, your precious metals order prepares to head your way. While UPS handles most shipments, you have the USPS option too. Plus, Colorado Gold adds insurance to safeguard your order during transit.
Colorado Gold sources its precious metals for the curious via A-Mark Precious Metals. Their commission is 1% for orders below $50,000, 0.75% for those surpassing $50,000, and a mere 0.5% for orders beyond $100,000.
Besides offering precious metals, Colorado Gold also welcomes their purchase from you. Considering parting ways with your gold, silver, platinum, or palladium bars and coins? Begin by filling out the client agreement with Colorado Gold.
Once done, reach out to them for a valuation of your treasures. They'll guarantee a fixed price, allowing you to get your metals ready for shipment. However, if your metals didn't originally come from Colorado Gold, they'll apply a nominal 1% charge.
For up-to-date pricing on what they buy, visit the Colorado Gold site.
Thinking about stashing precious metals in an IRA? Colorado Gold has got your back. They team up with varied IRA custodians, guiding you in funding your account and transitioning from any existing retirement plans. Keen on initiating a Precious Metals IRA? Your first move would be touching base with a custodian firm to pave the way.
Once you're all set, and your funds are in place, Colorado Gold's experts stand ready to assist in selecting and buying the metals you envision for your IRA. And don't fret about the logistics; Colorado Gold ensures your prized assets reach an IRA-sanctioned depository, safeguarding them until your golden years roll in.
Many customers naturally question a company's trustworthiness when considering where to invest their hard-earned cash. It's a fair concern. After all, when diving into the world of precious metals, you'd want top-tier products and unparalleled customer service. Nobody wants their investment to go sideways, becoming a regrettable decision.
So, does Colorado Gold have any warning signals? To gauge this, we typically lean on feedback from prior clients. Trusted sources like the Better Business Bureau, Business Consumer Alliance, TrustLink, and Trustpilot offer insights into customers' experiences. However, our search revealed reviews only on the Better Business Bureau's platform, with the other platforms drawing a blank.
The absence of reviews isn't necessarily alarming, but it does leave some room for speculation. With firsthand accounts, assessing others' encounters with the firm is easier.
Opting for a lesser-reviewed company can be a double-edged sword: you might discover an underrated treasure or face unforeseen challenges regarding their offerings or service.
Established in 1977, Colorado Gold boasts an impressive track record. A scam outfit only operates for a short period. Their credibility is further highlighted by an A+ rating from the Better Business Bureau - something other than what an inauthentic business typically achieves.
However, should you engage with Colorado Gold? We're inclined to advise caution. Several factors pause us in endorsing them as the premier choice for gold investment.
To begin with, we needed help finding customer feedback on platforms like Business Consumer Alliance, TrustLink, or Trustpilot. While the absence of reviews doesn't brand them unworthy, it doesn't confirm them as exceptional. When you plan to invest sizable amounts in precious metals, diving into Colorado Gold might feel like a risk, and we believe you should be entirely confident about such financial decisions.
Another note is that Colorado Gold isn't a direct IRA custodian. They suggest four distinct custodian firms to help you establish a Precious Metals IRA, potentially involving metals from Colorado Gold. But each custodian has its fee structure, complicating your decision-making process. Picking a company that provides direct IRA services with clear fee structures might be a more straightforward path.
Lastly, while Colorado Gold offers a reasonable variety of precious metals, some competitors in the market showcase a broader and more diverse range. Their collection is decent, but other avenues might be worth exploring if variety is crucial for your investment.
We'd hesitate to suggest Colorado Gold for your precious metals investments. The limited feedback from prior clients makes it challenging for us to back their offerings wholeheartedly. Furthermore, since they don't serve as an IRA custodian, you might need help navigating the fee structure for a Precious Metals IRA setup and management. Exploring other precious metals investment firms with a more substantial review history might be best, ensuring peace of mind when committing your funds.