GoldSilver Review ☛ 2 Frustrating Limitations?
GoldSilver is ranked no. 6 in our Top 10 2020 list of precious metals IRA and investment companies. In this GoldSilver Review, we've compiled all the reviews, ratings, and assessments from various authoritative sources like the Better Business Bureau, Business Consumer Alliance, Trustlink and others.
Goldsilver.com is a US based precious metal investing service based out of California. The Owner Mike Maloney has been a recognized advisory and precious metal industry expert for a number of years.
GoldSilver: Review of Key Features
Goldsilver.com offers a more limited supply of products, most of which are only available in gold or silver. They do not offer platinum coins or palladium so you will want to keep that in mind when searching their site.
The products offered at GoldSilver.com range from bullion coins to rounds as well as bars. Their coinage does supply investors with a choice of American Gold Eagles and Canadian Maple Leaves and the gold bars offered are from Credit Suisse and Johnson Matthey.
They do not have a wide range of products so if you are a collector then this is not the site you will want to spend your time on but for investors GoldSilver.com can be a worthy option to invest with.
Limited Investment Options?
If you are looking for a wide range of silver investments, again, GoldSilver.com has a very limited selection as they offer only 6 different bullion products. These products do include one ounce Silver Eagle coins, Silver Maple Leaves, Silver Philharmonic as well as Liberty Silver Rounds. They also offer ten ounce and one hundred ounce bars of silver.
If you are planning on buying a large quantity of precious metals then GoldSilver.com can be a viable option. Most products require large orders that tend to start out around costing close to $20,000.
The payment options that GoldSilver.com requires could be a major drawback when choosing to invest with them. A credit card is required to make an initial deposit that can range from 5-10% of the total cost the purchase.
You cannot however pay for any more than the initial deposit when you place your order and you cannot use the same card to pay for the remaining balance on your purchase.
Once you have made the initial deposit you will need to make arrangements for a wire transfer at a bank, this can only be done within the first 48 hours of the purchase. After 48 hours this is no longer a payment option. This is also the only option international customers have to pay for the remainder of their purchase.
You can also pay with a money order, which is typically processed immediately upon request or with a personal check. Paying with a personal check will usually take up to eight days for the funds to clear.
GoldSilver Reviews, Ratings And Credentials
The BBB is listed as giving GoldSilver.com an A+ rating, which is the highest rating one can get through the BBB.
The company has received a small number of complaints through BBB and BCA but not so many as to cause major concern.
GoldSilver Review: Final Thought
GoldSilver.com offers a limited variety of products but can be an efficient way to build up a bullion portfolio rather quickly. If you have a large sum of money you want to invest then GoldSilver.com can be a decent option with little hassle involved.
GoldSilver.com could be a top contender in the precious medal industry but with its limited products and ordering requirements there are other companies that can provide you with more convenient investment options.
Note also that GoldSilver.com does not offer an IRA option, so if you are thinking about that as a current or future option, you may want to think about a one-stop-shop such as this one.