In the face of such economic uncertainty and rampant inflation, it has become necessary for several investors to consider diversifying their portfolios into precious metals.
The many advantages of investing in precious metals, such as gold coins, rare coins, and gold bullion, have attracted a lot of people to this method of safeguarding their funds.
Blanchard Gold has emerged as one of the names that are routinely mentioned by investors and financial advisors. In a world full of scammers and con artists, it can be difficult to find reliable information about a precious metals dealer.
This Blanchard Gold review will provide you with all the information you need about this precious metals company.
We will look at the background of the company, gold reviews from customers, services offered, and what makes Blanchard Gold a good company to buy precious metals from.
If you are considering venturing into the precious metals business, then you are in the right place. The following article will provide you with all you need to know about this versatile dealer.
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About Blanchard Gold and the Company History
It might surprise you to find out that Blanchard Gold has been around for quite some time; four decades actually. This is not a new and upcoming company, and the quality of services provided is a testament to that.
The gold dealer’s team is proud to have helped its customers through some of the nation’s toughest times from an economic standpoint.
It has routinely endeavored to achieve its main goal, which is to assist customers who want to diversify their portfolio by venturing into the precious metals industry.
During a time when people were not allowed to store their own gold, the company’s founder was at the forefront of the push to make the government change this unfair policy. Through such work, the way US citizens invest in pure precious metals has changed significantly.
Evidence of this group’s work is documented throughout the nation’s history, such as the iconic moment when a banner was flown during President Nixon’s second inauguration.
However, it was President Ford who finally listened to these demands in 1974 and reviewed the harsh policy, thus effectively making it legal for Americans to own their gold again.
It is because of such efforts that the company’s founder, Jim Blanchard, was finally recognized. In 1984, he was named the World Gold Association’s Man of the Year for his many contributions and extensive work in the precious metals industry.
Blanchard Gold Company Policies
After 40 years of being an industry leader, it is no surprise that Blanchard Gold’s company policies reflect all that is positive about an industry so full of scam artists and under-handed dealing.
The company is committed to giving its customers various options on how to formulate a diverse strategy that will allow them to build a diverse and secure precious metals portfolio.
Its staff is armed with a wealth of useful knowledge that makes them the best people to approach with any questions regarding gold investments, such as the current market price, selection of collectible coins, and finding the right precious metals dealer.
Two things about the company that are not only the pride and joy of its founders but have also earned it a lot of recognition from the Better Business Bureau and the Business Consumer Alliance are its honesty and integrity.
Based in New Orleans, one of the company’s main objectives is to be the go-to source for precious metals investment opportunities.
This Blanchard Gold review acknowledges the company’s expertise in predicting economic factors that affect precious metals and formulating strategies to counter these factors.
Most investors do not really know what a balanced portfolio really looks like. There is a lot of debate regarding how much of one’s portfolio should be invested in precious metals.
One of Blanchard Gold’s policies is to look at individual situations and provide advice that is most suited to the customer’s needs.
In-depth research conducted by the company’s experts has led them to suggest that 20% of your entire portfolio should be dedicated to tangible assets. This policy is regarded as very aggressive by many gold IRA distributors, who favor the more conservative approach of investing only 5% to 10% of your savings.
Blanchard Gold also has a shipping policy that allows your purchases to be shipped directly to you using services, such as FedEx, USPS, and UPS.
The company also has shipping facilities internationally, meaning you can receive your metals anywhere you are in the world. Depending on where you want the package delivered, a shipping tax may be required.
Concerning how Blanchard and company employees deal with customers, you will be hard-pressed to find better customer support. This family-owned company offers top-tier customer services to all its customers, some of which we will now take a closer look at.
Services Offered
One of the main purposes of this Blanchard Gold review is to look at the services offered by this prestigious company and help you, the reader, to make an informed decision regarding whether or not you should consider investing in precious metals through this dealer.
When it comes to services, Blanchard Gold is one of the top Gold companies that provide gold assets and other metals to its customers.
Buying precious metals is a risky investment for anyone, especially when you have very little knowledge and are dealing with the wrong people.
To provide accurate and reliable information about the company, here are some of its noteworthy services:
Precious Metals Dealer
First and foremost, Blanchard Gold is a dealer in precious metals. They have a wide range of metals to choose from, such as gold, silver, platinum, and palladium.
What sets it apart from other dealers, and is the most important thing you should consider, is that it provides precious metals that are of a high enough purity to be accepted by the IRS regulations for use in a gold individual retirement account.
Blanchard Gold also offers a vast range of rare collectible coins that may interest a lot of collectors. However, while these rare coins sometimes have actual market value, they usually cannot be used as part of a self-directed IRA.
Collectible coins are, therefore, usually purchased by individuals who value them for their uniqueness and the fact that they are rare coins.
The IRS-approved coins that are available from Blanchard include:
Gold American Eagle coins
American Eagle Silver coins
Canadian Maple Leaf Silver and Gold coins
Other rare coins of appropriate purity
All precious metals available on the platform can be in either bullion form or bars and coins. Depending on how the customers intend to store their precious metals, they can select any of the above types of metals.
Buy Back Program
One of the stand-out features of Blanchard Gold is that it has a buy-back guarantee that is offered to all its customers.
This means even after buying your precious metals from the company if you decide to go another route regarding how you will invest your retirement savings, the buy-back promise allows you to take your purchase back to the company and sell it without any problems.
Your metals will be purchased at the current market price. If you bought the metals at a time when the market price was higher than it is at the time of selling then you will lose money on the deal. However, there is no fear of being ripped off because everything is done in complete transparency.
The buy-back program is one of the services that attract a lot of customers to Blanchard Gold. Converting an investment to liquid cash is one of the biggest issues that investors have to deal with. Even in the stock market, this is one of the most common customer complaints.
However, no such worries exist at Blanchard, and company policies ensure that even rare coins can be bought back easily meaning the customer always has quick access to cash when needed.
Market Price Tracker
While the price of gold assets and other precious metals usually remains stable over a long period, there are some fluctuations now and then.
One of the services offered by this dealer to its customers is the ability to keep track of the prices of different gold coins, silver coins, and all other metals.
This allows you to make an informed decision each time you purchase metals from the investment company. Furthermore, this service is not always available with many gold firms.
The price tracker also allows a customer to look at the past performance history of certain coins or bullion to allow them to estimate roughly how much return on investment they should expect.
Prices for numismatic coins are also available for collectors of rare coins to look at before making their decision.
Precious Metals Investment Advisory Services
With more than four decades in the gold industry, the company has acquired a lot of technical expertise regarding how to formulate the best investment strategies when diversifying your portfolio.
This knowledge and experience are made available to all customers to help them avoid buying the wrong bullion and make the entire process as streamlined as possible.
It also provides a lot of advice on alternative investments, such as purchasing certain coins which may not be IRS-approved but still provide a lot of value to the collector.
There are lots of things involved in purchasing precious metals as a form of investment. Many people do not realize that without the right guidance, a lot of things can go wrong with just this one transaction.
The company’s advisory service covers all aspects of the investment process, from using automatic credit card payments to buy gold to choosing the right IRS-approved facility to store it in.
Positives of the Company
Let us look at some of the positive aspects of the company that makes it a good choice for buying gold:
It has a buy-back policy that gives the customer a lot of freedom when they wish to sell their precious metals
Over the past three years, there have been no negative reviews or Business Consumers Alliance (BCA) complaints filed
They offer a varied selection of precious metals to choose from
The biggest positive that the company has is undoubtedly the fact that they offer an attractive buy-back guarantee. However, is this guarantee all that it seems to be at face value or just a hollow promise?
A closer look at the policy reveals that while it is legitimate, it does have a caveat worth noting, which is that rare coins can only be returned less than 10 days after purchase.
This is a normal policy with any legitimate business as these coins are regarded as high-risk investments.
The experience and knowledge of the team are one of its biggest selling points. From the founder who has been a stalwart in the precious metals industry all his life, to the team members themselves who have a lot of knowledge at their disposal, you can rest assured that your investment is in good hands.
Some of the reputable organizations that this company is a part of include:
The Coalition for Equitable Regulation and Taxation
Industry Council for Tangible Assets
The Cato Institute
Customer Feedback
While the lack of negative reviews in the past three years is a welcome sight, there are also surprisingly few positive reviews to count on.
This is a very surprising discovery considering the many years that the company has been in business. You would expect to find more than just one company review, but that is not the case.
If you go back more than three years, the available reviews are mostly negative ones. Although these have since been addressed, it is also a red flag on a company that seemed otherwise very transparent.
There is also just one mention of the company on Trustlink reviews, which unfortunately was a one-star. Other than that single mention, it’s like the company does not exist, which is certainly a worrying thought.
Blanchard Gold appears on the Ripoff report, which is another customer feedback platform. In this case, two complaints were filed against the company, both concerning the customers’ unhappiness with the company’s services. In its defense, the gold dealer has sing addressed those concerns.
A few more positive customer reviews would have helped the company immensely. However, as it stands, prospective customers do not have a lot to go on besides the company’s word.
Lack of Gold IRA Services
One of the most glaring issues with Blanchard Gold is its lack of gold IRA account custodian services. This puts them miles behind some of their main competitors which have long since adapted to proving gold IRA services to their customers.
Therefore, this means if you want to diversify into a gold IRA account, at best, Blanchard will only act as a middleman because after buying your gold from them you will still need to find an IRS-approved custodian to manage the account for you.
Not only is this potentially more expensive, but it also makes the process a lot more complicated.
Is Blanchard Gold a Scam?
Before you purchase platinum, silver, and gold from a dealer, you want to make sure that the company is a legitimate one. Looking at the history of Blanchard Gold, stretching back over four decades, it is clear that this company is not a scam.
However, they do have a lot of work to do in terms of addressing some of the service and shipping concerns made by customers on the company’s BBB reviews.
Advantages of a Precious Metals Investment
The following are some of the advantages that one can expect when one invests in precious metals:
Hedge Against Inflation
Fiat currencies have the disadvantage of being very vulnerable to inflation. This means when you diversify a part of your portfolio to gold, which is resistant to economic fluctuations, you protect your savings from losing value over time.
These Metals Have Value
Gold, silver, and platinum all have a lot of intrinsic value in the medical, communications, industrial, and technological sectors. This means that their value will continue to increase as these industries grow.
Why Blanchard Gold Is a Leader in the Precious Metals Market
This is a reputable company that not only offers a wide selection of precious metals but has done so consistently over many years.
The Ripoff report aside, this is still a very reliable company to buy precious metals from. Some of their stellar services include a buy-back program designed to put the customer’s mind at ease when making purchases.
Final Thoughts
The reputation of a company is very important for any gold dealer, and it is nice to see the effort that this company made to address the Ripoff report complaints filed against it.
The intention of this Blanchard Gold review was to provide you with a clearer picture of what to expect from this gold dealer and help you to make a more informed decision.
While a lot can still be done in terms of improvement in areas such as offering a gold IRA service, Blanchard Gold has proven to be a good choice for anyone wishing to buy pure precious metals from a reliable company.
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About Tim Schmidt
Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He's also a published author, and his views on investing have been featured in USA Today, Tech Times, The Huffington Post, Nasdaq, and many more.
