Investing in precious metals like gold and silver provide serious benefits. Not only do they make an excellent hedge against inflation, they are also the perfect asset to buy because they are highly liquid and they create great portfolio diversity. They are an excellent way to easily get access to cash if you need it fast, and it’s a smart investment that tends to be very lucrative if you’re willing to hold for the long term. If you’d like to buy silver and gold bars and coins, or even rollover retirement accounts into a precious metals IRA, you should consider goldsilver.com as a great company to work with.
Is this really a reputable company? Do they offer the right products that you’d like to buy? Have previous customers had good or negative experiences working with this company? We will do our very best to answer all of these questions and much more as we perform a deep dive to get a better understanding of this organization. We will share enough information to help you make the perfect decision on whether or not you should trust them with your hard-earned money.
IMPORTANT – before we get too far in this review, we’d like you to know we’ve vetted quite a few companies in this space.
We know that selecting a company to work with is a major financial decision and something not to take lightly. InvestingInGold.com has put in extensive research spanning many years in order to compile a list of the 5 highest recommended companies for this year.
==> See our #1 recommended company for precious metals investing
We urge you to view the links to see where GoldSilver stacks up against the competition.
GoldSilver.com Company Info
Mike Maloney started goldsilver.com back in 2005. The major goal of this company is to act as a dealer selling silver and gold bullion in a world-class way, while providing educational materials and other valuable resources to their clientele. Mike Maloney is an investment expert with lots of experience in the precious metal space.
This company is very accessible to their customers and provides lots of attention and support to help them every step of the way. They have live chat, email, and phone support that customers can use to contact them at any time with their questions and concerns.
As mentioned above, one of their biggest priorities is to provide education for their customers. This website is filled with a plethora of videos and a library of articles and other valuable information teaching people how to grow their financial well-being by investing in precious metals.
After you purchase something through goldsilver.com, you have a number of payment options available to make your purchase. They accept Bitcoin Cash, Bitcoin, PayPal, credit cards, and wire transfers from your bank.
Precious Metals IRAs
For those looking to take advantage of tremendous tax benefits, you should consider opening a precious metals IRA. This is a great way to diversify your retirement portfolio and add another investment besides bonds and stocks. The team at GoldSilver.com is ready to help you set up your precious metals IRA through a rollover or transfer of an existing retirement account. They have IRA custodians ready and willing to help you to make sure the entire IRA process is set up correctly to meet all of the rules and regulations set forth by the IRS.
Next, I will tell you about the various silver and gold coins and bars that you can purchase on goldsilver.com. The wide majority of these investment opportunities are eligible and meet the regulations of the IRS and maintain the correct purity levels. For the most part, to buy gold in your IRA account, it must have a 99.5% purity level. Silver requires a 99.9% purity level.
Gold Investments
Investors can buy gold bars, gold coins, and gold jewelry on this website. Some of their top choices include the following:
Coins Made of Gold
- Australian Kangaroo Gold Coin
- South African Krugerrand Gold Coin
- Canadian Maple Leaf Gold Coin
- American Eagle Gold Coin
- Austrian Philharmonic Gold Coin
- American Buffalo Gold Coin
Bars Made of Gold
- Gold 1-ounce bars
- Gold 10-ounce bars
- Gold 1 kg bars
- Gold 400-ounce bars
Jewelry Made of Gold
- 22-24 karat jewelry made of gold. Many gorgeous pieces including selections from Auvere True Gold and Borders.
Silver Investments
Buy silver bars and silver coins on the goldsilver.com website including the following:
Coins Made of Silver
- Junk Silver – made of 90% silver in a 71.5 ounce bag
- Silver Rounds – 1 Ounce
- Britannia Silver Coin
- American Eagle Silver Coin
- Canadian Maple Leaf Silver Coin
- South African Krugerrand Silver Coin
- Austrian Philharmonic Silver Coin
- Australian Kangaroo Silver Coin
Bars Made of Silver
- Silver Bars – 10 ounces
- Silver Bars – 100 ounces
- Silver Bars – 1 kg
Gold and Silver Storage
To store your gold in a secured vault, you’ll gain access to Brinks Global Services when working with goldsilver.com. Your investments will be stored in a private vault with your name on it. At any time, you can transfer, request your metals, or sell them from your vault. They offer segregated storage and allocated storage options.
Insurance & Shipping
if you place in order over $499 on their website, they will provide you with free shipping. If your order is below this amount, they charge a delivery fee of $25 per shipment.
When GoldSilver.com packs their orders for delivery, they make sure to carefully wrap every item to keep it perfectly protected. They put their orders in discreet packaging to keep the rest of the world from knowing what is being delivered. For even further protection, the company will separate orders and ship at multiple shipments if the order is $75,000 in value or more.
The company also provides insurance for each and every one of their shipments. So, if something happens to one of the precious metals during shipping, or if it’s damaged or lost, this responsibility isn’t yours because it’s covered by insurance.
GoldSilver.com also provides their customers with international shipping, unlike many other precious metals companies online. They ship to just about every major company throughout the world. Prices will vary widely depending on the country that you choose, so add items to your cart to discover how much your international delivery will cost before making the final purchase.
Selling GoldSilver.com Your Precious Metals
Would you like to sell your precious metals to goldsilver.com? Don’t worry because they definitely want to buy them from you, as long as they remain in reseller mint condition. Plus, they only purchase precious metals and the increments that they sell them on their website, so pay attention to their site to find out what size investments they’ll purchase.
After meeting these conditions, you can create an account and put your information in to let them know that you are trying to initiate a sellback. After completing the form, the company will confirm whether or not they will purchase your precious metals and provide shipping information as well. You’ll have to pay for the shipping to get your items to their office.
After receiving your precious metals, they will inspect them and issue payment if they accept them. They will either pay you via wire transfer or check – wire transfers cost $25, so keep that in mind.
GoldSilver.com Potential Red Flags
When you decide to invest in precious metals for your retirement or just as an investor, you definitely need to work with a company that you can trust with a good reputation. Reading about these companies on the web is a wonderful way to find out more about the overall experience of previous customers. This will help you make the right decision by checking out customer reviews to see how other people liked their experience.
To find out if this company is the perfect match, we took a look at trusted review sites including the Business Consumer Alliance, Trustpilot, Better Business Bureau, and Trustlink. The information that we are about to share should help you determine if gold silver.com is the right website for you. You can always perform your own research online as well.
- BBB – not accredited, C rating
- Trustpilot – 4.3 out of five stars with nearly 1100 reviews
- Trustlink – 5 out of 5 stars and 3 reviews
- BCA – AAA rating
Do You Believe GoldSilver.com Is a Scam?
The simple answer is no. I can say with absolute certainty that gold silver.com isn’t a scam. This company is legitimate and they are a valid precious metals broker with more than 17 years of experience in the industry. A wide majority of customers have posted positive reviews about them online.
But we did discover a few concerning things as well. These indicators mean you’d be better off choosing a different company to work with. First, they are not accredited with the Better Business Bureau. And the Better Business Bureau only gives them a C rating, which is barely satisfactory. According to the BBB, goldsilver.com doesn’t respond to any customer complaints when they are filed against them.
Why is this important? It shows that they have terrible customer support and you have to wonder why they would leave such negative information about them out there without responding. Within three years, two customers made complaints about them, which isn’t a lot, but it isn’t something that they should ignore either. Many other great companies have no complaints made about them.
Gold silver.com doesn’t actually sell palladium or platinum to investors, which makes it even harder for you to diversify your portfolio. If you are more interested in diversity, then you should definitely choose a different company besides goldsilver.com.
Another negative for this company is the amount that they charge for shipping. You have to spend $500 or more to receive free shipping, and if it’s less you’ll pay $25 per shipment. Many other companies offer free shipping at much lower amounts.
GoldSilver.com Features
- Company founded in 2005
- They share lots of information and video resources on their website for educational purposes
- Spend more than $499 for free shipping
- They work with Brinks Global Services and provide segregated or allocated storage
- They offer connections to precious metals IRA custodians for help initiating a a rollover or transfer
Bottom Line
At this stage of the game, it isn’t surprising that gold silver.com showed up on your radar because this is a big-name company with a pretty solid reputation in the industry. They help customers set up gold and silver IRA accounts and provide a lot of knowledge and education to the readers on their website.
Unfortunately, I cannot recommend doing business with them. They have a very low C rating with the Better Business Bureau, they charge high shipping costs, and their precious metals selection isn’t diversified enough since they only sell gold and silver.
There are many other precious metals companies to choose from with better reputations and better and more products. So many of these companies have a tremendous track record with their customers, so consider choosing a better option than goldsilver.com.
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.
