Gold Only: A Comprehensive Review

Only Gold markets itself as the premier online destination for buying precious metals. Beyond Gold, they offer palladium, platinum, silver, and several collectible coins. Yet, their online visibility doesn't top the industry charts, and their digital footprint seems unclear.

Is Only Gold a genuine operation? What insights should you gather about this firm before diving into an investment?

About Only Gold

In 2014, Only Gold integrated with a firm named CMI Gold and Silver Inc. CMI Gold and Silver had roots tracing back to the early 1970s, amassing over 40 years of expertise in precious metals. Today, Only Gold is the primary online front for CMI's coin and bullion trades.

The brainchild of Richard Smith, Only Gold was born from his rich 25-plus years of hands-on industry knowledge. Richard's relentless work commitment, leaving no time for personal breaks or vacations, drove him to combine forces with CMI.

His vision? To craft a platform where individuals could effortlessly monitor daily price shifts of various coins and bars. Before launching Only Gold, Richard immersed himself in Gold and silver trading.

The fusion of Only Gold and CMI pooled a massive 60+ years of collective expertise. The firm thrives under family guidance and employs sales representatives on a non-commission basis, guaranteeing genuine, no-pressure service.

Only Gold's affiliations include memberships with the Numismatic Guaranty Corp and the Professional Grading Service. They actively back the Industry Council for Tangible Assets and collaborate with the Certified Coin Exchange, further solidifying their stand as a trusted, credible dealer.

Pricing Guidelines

This firm is committed to providing precious metals at attractive rates. Rather than relying on commission-based sales reps, they gather their pricing data directly from online sources. This gives you instant insights into the worldwide gold price and specifics about individual offerings.

Instead of adding items to a digital basket, you'll engage directly with a company expert for your order. This professional will set up your purchase and clarify any doubts regarding products or procedures.

Their website harnesses a smart system to tweak its prices daily, mirroring the ever-changing global gold rate. This system also factors in the company's special discounts. As they steer clear of commission-based selling, their prices lack hefty markups. Moreover, they boast robust ties with numerous suppliers.

Web Tools

The firm offers a range of tools and insights into the world of precious metals. For instance, charts depicting Gold's historical pricing, today's value of various precious metals, and real-time rates for distinct metals.

Furthermore, their site features a handy Questions page, shedding light on investment queries. They discuss dependable gold bullion options for investing, selecting the best bullion, and understanding the global scene.

These details certainly enhance the company's credibility. Yet, realizing that they are common in offering such knowledge is essential. Several other metals dealers offer richer educational content, like complimentary eBooks, videos, and regular articles.

While their digital resources benefit newcomers to metal investments, similar insights are available on other more user-friendly sites.

Purchasing Through Only Gold

Only Gold operates from 7 AM to 5 PM Eastern Standard Time from Monday to Thursday, and they shorten their Friday hours to 7 AM to 3 PM. You're not pressured to set up an account or deal with aggressive sales reps.

It would help if you rang them up to secure a purchase during these operational times. An order must comprise at least ten ounces. With gold prices frequently shifting, finalizing your rate during that conversation is crucial.

Your payment must be dispatched via a bank wire or a personal check on the purchase day itself. They avoid credit and debit card payments, preferring a direct connection to a US bank.

A crucial detail: if your first order surpasses $100,000 in value, a bank wire on the same day becomes necessary instead of a check. Always finalize your order before your bank closes to avoid payment issues the next day.

Once your payment reaches them, expect your items to be dispatched within three business days.

Transacting with Only Gold: Making a Sale

Only Gold can purchase specific precious metals that match their set criteria. If you're considering selling silver, a minimum of 300 ounces is required. The base limit for palladium, platinum, and Gold is five ounces. Feel free to ring up their customer support for a quick price estimate.

Sealing the deal on the same day you dispatch your items is crucial. It's wise to opt for USPS Registered Insured Mail, ensuring your metals' value is protected.

Prices are drawn from the ever-evolving spot market. Discuss the amount of metal you wish to sell with a friendly customer support agent and settle on a rate. An email detailing the agreed price and the metals in transit will land in your inbox. Rest assured, the rate you finalize is guaranteed. However, it's essential to dispatch your parcel promptly on the agreed day. If the deal is made on a Friday, sending it off by Saturday is fine.

Upon the company's receipt of your package, expect your payment within a swift 24-hour window. Many experience the joy of same-day payment.

Is "Only Gold" Truly Legitimate?

Only Gold isn't fraudulent. Indeed, it boasts a legacy as one of the country's enduring precious metals entities, tracing back to its founding firm in 1973.

Only Gold and its foundational firm hold Better Business Bureau badges of honour. Remarkably, neither has been tainted by complaints.

A notable concern, however, is their modest digital footprint. They maintain a website, but its infrequent updates and somewhat clunky interface can be off-putting. Furthermore, there's a scant amount of customer feedback available.

The true litmus test of a company lies in customer interactions. This is the lens through which we discern if a firm's assertions align with its real-world operations.

Advantages& Drawbacks

Advantages:

• A stellar reputation and a clean slate with the BBB.

• The expansive selection of precious metals and collector's coins.

• Among the seasoned veterans in the precious metals trade.

Drawbacks:

• The website's design leaves room for improvement.

• Limited online feedback makes it challenging to gauge others' experiences.

Final Thoughts

With over 40 years under their belt in the precious metals sector, Only Gold is one of America's most enduring enterprises. Commendable BBB ratings back their legitimacy.

Yet, they appear out of sync with modern digital trends. Navigating their website can be challenging due to its disorganized design. Finding relevant details amidst the jumbled content can be a quest.

Similarly, unearthing customer testimonials online feels like hunting for a needle in a haystack. They may thrive on face-to-face dealings and verbal recommendations. But for those seeking a digital gold trader, the preference leans towards those with robust online feedback and a strong digital footprint.

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