Last Updated on May 30, 2023 by Ben
The Colorado Gold company has more than 40 years of expertise in the sector. You may be thinking about having them purchase gold, silver, or other precious metals for your IRA or as your investment.
Is this the best company to use for your portfolio? They offer a selection of precious metals. Have they made it easy to set up an IRA? Have they had a good reputation with their past customers? Let’s explore these questions and more.
Colorado Gold: Things You Should Know Before Investing
Who is Colorado Gold?
Colorado Gold is a family-owned and managed firm with offices across the United States. They are open weekdays during regular market hours, excluding holidays. Colorado Gold has been in operation for almost 40 years. With tens of thousands of happy customers over the years, we’ve built a stellar reputation (A+ BBB).
Only the finest precious metal products are available at Colorado Gold: gold, silver, platinum, and palladium bullion coins and bars. If you’re searching for rare coins, you might want to look elsewhere.
They do not believe in offering their customers rare coins. They perceive them as a collectible but not the greatest investment opportunity. They aim to help their customers in making wise investment choices that will be advantageous to them financially.
Founder – Don Stott
Don Stott founded Colorado Gold in 1977. For over four years, Don Stott has been a member of the precious metals market, and he retired from the firm in 2015. Since its creation, Colorado Gold has been run by the family.
Is There a Colorado Gold Warning Sign?
The most common question customers ask before handing over their money to a firm is whether there are any warning signals for the company. And, as a matter of fact, you don’t want to put your hard-earned money into precious metals only to receive low-quality goods and exceptional customer service. You do not want to get swindled out of your money by making a poor decision, and you definitely don’t want to do it by accident.
Is there anything alarming about Colorado Gold? It’s a good thing to look at previous client reviews to figure out what you’re getting yourself into. Check out the Better Business Bureau, Business Consumer Alliance, Trustlink, and Trustpilot to see what other consumers had to say. Only reviews were accessible on the Better Business Bureau’s website; the others sites did not have any ratings listed.
It’s not a significant deal if you don’t have ratings, but it isn’t ideal either. If there are no reviews discussing their experience with a business, you can’t learn anything new about it.
If you choose a firm with few evaluations, you’re simply taking a risk; it’s possible that finding a hidden gem would work to your advantage or that you will regret the choice based on the goods or services you get.
Is Colorado Gold a Scam?
Since 1977, Colorado Gold has been in operation. It’s highly unusual for fraud to survive this long. They also boast an A+ rating from the Better Business Bureau, which you wouldn’t expect to see if they weren’t a reputable business.
The Business Consumer Alliance, TrustLink, and Trustpilot don’t reveal any reviews for the firm. As previously stated, this doesn’t necessarily indicate that they are a bad business to work for; however, there is no evidence that they are a great one either. You’d be taking a chance buying precious metals through Colorado Gold, and it isn’t sure if it’s worth it when you’re talking about investing significant funds.
Colorado Gold isn’t an IRA custodian either. They suggest four different custodian firms for creating a Precious Metals IRA and adding precious metals through Colorado Gold, but because each charges varying fees, this may make it more difficult to determine what you’ll actually pay. It may be simpler and require less study to select a firm that provides its own IRA services and is upfront about the charges.
The range of precious metals available from Colorado Gold appears to be rather limited, in contrast to what other businesses provide. They have an adequate selection, but there are many additional firms offering a much wider variety of coins and bars for you to invest in.
Colorado Gold Precious Metals
You’ll also see a couple of bullion bars and coins available for purchase with Colorado Gold below.
- American Buffalo Gold Coin
- American Eagle Gold Coin
- Canadian Maple Leaf Gold Coin
- British Sovereign Gold Coin
- Austrian Philharmonic Gold Coin
- 1 gram Gold Valcambi Bar
- 1 oz Gold Asahi Bar
- 100 gram Gold Valcambi CombiBar
- 1 oz Gold Credit Suisse Bar
- American Eagle Silver Coin
- Canadian Maple Leaf Silver Coin
- Australian Kangaroo Silver Coin
- South African Krugerrand Silver Coin
- Austrian Philharmonic Silver Coin
- 100 gram Silver Valcambi CombiBar
- 250 gram Silver St Helena Bar
- 10 oz Silver JBR Bar
- Kilo Silver JBR Bar
- American Eagle Platinum Coin
- British Britannia Platinum Coin
- Austrian Philharmonic Platinum Coin
- 1 oz Credit Suisse Platinum Bar
- 10 oz Credit Suisse Platinum Bar
Colorado Gold Costs & Fees
Colorado Gold is a precious-metals company rather than a coin shop, so they do not sell bullion. They purchase for you through one of their distributors instead.
The cost of an order is calculated by taking the price of the goods plus shipping, then applying a 1% fee.
For purchases of $50,000 or more, they charge 0.75 percent, and for purchases of $100,000 or more, the fee is 0.5 percent, both of which come with insured shipping.
The fees for establishing a Precious Metals IRA are determined by the custodian and depository you select.
How to Purchase Precious Metals from Colorado Gold?
If you want to buy precious metals from Colorado Gold, the procedure is straightforward. The initial step is to fill out and give the client agreement.
The client contract may be found on the website and is simple to complete in less than a few minutes. Simply fill out your name, address, and email address, as well as accept the conditions and restrictions of the agreement. These terms include:
- When you make an order, be aware that you’re entering into a legally binding contract.
- Your payment must be made within seven days.
- Any metals you’re selling must be sent to Colorado Gold within two business days of receiving a trade number.
Finally, after completing the client agreement, finalize the pieces and quantities you intend to purchase and call the firm. They will give you a trade number and verify the amount you need to send once your order is placed.
You’ll need to send a wire transfer, a personal check, or a cashier’s check as payment. For smaller purchases, VEMO is a viable option. All checks, including cashiers’ checks, will take seven days to clear to avoid fraud.
After you make your payment, Colorado Gold will prepare your order for shipment. UPS sends the majority of orders, but you have the option to have them delivered by USPS instead. Colorado Gold also protects each shipment with insurance to ensure that your precious metals aren’t lost or stolen while in transit to you.
The company purchases its precious metals through A-Mark Precious Metals and charges a 1% commission fee for purchases under $50,000. Orders totaling over $50,000 are charged a 0.75 percent commission charge, while those exceeding $100,000 are charged a 0.5 percent commission rate.
Colorado Gold Precious Metals IRAs
- Initial Setup Fees – Depends on Custodian
- Annual Admin Fees – Depends on Custodian
- Annual Storage Fees – Not Disclosed
- Minimum Purchase Amount – Depends on Custodian
- Preferred Depository – Not Disclosed
- Preferred Custodian – Not Disclosed
How to Trade Precious Metals to Colorado Gold?
Colorado Gold will also buy precious metals, in addition to selling gold and silver. You must first complete the client agreement if you want to sell any silver, gold, palladium, platinum, or bullion bars or coins to the firm.
After that, you can contact the firm and get a cost for your products. You will be charged a price that is permanent; after that, you may send your metals to Colorado Gold. A one percent fee is levied if you did not purchase your precious metals from Colorado Gold.
On the website, you’ll be able to learn about current pricing for the cryptocurrencies and bars that Colorado Gold plans to purchase.
Augusta Precious Metals
Augusta Precious Metals stands out as a team of highly educated experts able to genuinely assist customers with a great deal of expertise and knowledge. Customers may acquire non-IRA gold and silver; however, the firm focuses on Gold IRAs. This is not the case with other companies that provide precious metals IRAs as one among a variety of products.
This specialty’s advantages are evident in the numerous free helpful resources available, a simple and quick procedure, and competitive pricing for common items. This firm provides clients with honesty and transparency, as indicated by many client reviews and excellent ratings on respected rating platforms.
Augusta, according to the firm’s website, is dedicated to providing clients with complete openness, simplicity, and service in their precious metals portfolios.
American Hartford Gold
American Hartford Gold is a family-managed business dedicated to assisting clients in diversifying their portfolios with precious metals. Some included in this category are silver, gold, and platinum coins and bars.
The Gold IRA is a new approach to investing in precious metals that mix actual bullion with an IRA. The company provides a wealth of precious metals market information and historical context to assist novices and experienced investors in making informed judgments.
They are committed to making this data available for free so that investors may make the greatest judgments possible without being influenced.
The BBB has given this company a high rating. For 2016, the Better Business Bureau has accredited them, and they have over 200 Google and Trustpilot reviews. Look at these evaluations to see whether the firm is reputable.
Goldco is a company based in Woodland Hills, California that offers self-directed precious metal IRAs as an alternative to traditional assets.
They can assist you in profiting from the market by providing a range of financial services. While the actual precious metals it sells are apparent, there are a few extra investment options to consider.
Investors can get access to this as soon as they invest in the firm, and it is of excellent quality, according to Goldco reviews. There are a few things that individuals should consider before proceeding.
It’s critical for any precious metals firm to keep a line of communication open with its clients, especially if they’re the most valuable asset in their portfolio. This is true for all precious metals companies and reflects their operations. Having access to relevant information while making a decision is essential.
If you are searching for a reputable and dependable company to help with your precious metals investments, Colorado Gold may be the perfect fit. With years of experience in the industry, their founder has an appetite for learning more about investing in precious metal assets.
However, it is tough to find what customers have said about them since there is not much information out there on reviews or feedback from other investors who have used this broker before. If you’re keen on getting started right away, it is recommended to do some research into the firm by reading through client testimonies or speaking with a representative immediately!