Last Updated on April 17, 2024 by Ben
Goldbroker
Are you looking for a safe way to invest your money? Goldbroker may be the perfect investment platform for you. In this review, we’ll look at what the company has to offer investors and discuss the pros and cons of using this service. By the end of this post, you’ll have a better idea of whether or not Goldbroker is right for you.
Precious Metals Investing In GoldBroker – Everything You Need to Know
What is GoldBroker?
Goldbroker.com is a well-established website that has been in operation since 2011 and has earned a solid reputation among investors all around the world. In a nutshell, the site lets you invest in gold, silver, platinum, and palladium bars and coins.
The company is a platform that allows you to own physical gold and silver without any banks being involved. Your gold and silver will be stored securely outside of the banking system.
GoldBroker Company Info & Background
GoldBroker was created because there was a demand from investors for an offshore company that would allow them to store their gold directly, without any custodian or middleman. This may sound like a sensible idea, but it is highly novel in the industry. This company will give you a certificate for your gold or silver that is in their storage. This certificate has all of the serial numbers for the bars. This guarantees that you will not lose your gold or silver if this company goes bankrupt.
The intermediary-free offshore gold storage company is based in true offshore banking, insurance, and tax haven— Malta’s Mediterranean Sea island nation. This company can help you register your gold so that you can store your precious metals entirely outside of the banking system. This protects you from any bank failure or seizure risks. Their clients have tight access to their gold, so they do not need any employees from GoldBroker to be present when they visit or access their treasure. You can also take possession of your physical investments without having to pay any penalties. This is not all times the case with the gold storage industry either.
Management Team
CEO & Founder Fabrice Ristori
Fabrice Drouin Ristori, the French national and founder of GoldBroker, is the company’s Chief Executive Officer. He is an investor and financial entrepreneur. He has been working in the silver and gold markets since 2008. In 2011, he started GoldBroker and became CEO at that time.
Board Member Egon Von Greyerz
Egon Von Greyerz became a part of the financial and investment worlds in the 1990s. He set out as an asset allocation consultant for private families and their funds, working on mergers and acquisitions throughout that decade. In the early 2000s, he decided to focus on gold and silver as the best way to protect wealth and assets. To that effect, he started Matterhorn Asset Management AG in Zurich in 2005 to manage gold for people all over the world.
He still focuses on preserving wealth to this day. Matterhorn is a global leader in obtaining and storing institutional-sized amounts of gold and silver. They hold it outside of the traditional banking system. This company focuses on a wide range of clients, including ultra-high-net-worth individuals, pensions funds, trusts, and family offices, in over 52 countries.
He is a board member for the company, and he speaks at investment conferences around the world. He also gives interviews on financial media regularly. He also writes extensively for a range of publications (and his two principal ventures) on wealth preservation, precious metals, and the world economy. Precious metals advisers do not come much more experienced and highly regarded than Egon von Greyerz. He lends a lot of prestige and expertise to GoldBroker by serving on the board.
GoldBroker Contact Information
- Address: FDR Capital Limited, 32, Level 3, Regent House, Bisazza Street, Sliema SLM 1640 Malta
- Phone: +33 184884084
- Website: www.goldbroker.com
- Established: 2011
GoldBroker Pros and Cons
Pros
- You can store your precious metals in four different countries.
- Metals can be easily removed from storage when you want them.
- You can visit your vault at any time without needing a representative from the company.
Cons
- The company does not have clear prices for its commission structure. This could mean that you may end up paying more than the market rate.
- The storage fee is not a flat rate, and it is based on a percentage of your holdings.
GoldBroker Custodian and Storage
GoldBroker provides a unique service in the world of offshore precious metals storage. They require you to be your own custodian directly. In fact, they refuse to ever be a bullion custodian for a client’s holdings of precious metals. GoldBroker has a storage partner, Malca-Amit. This company is separate from GoldBroker. Malca-Amit will issue certificates stating who owns the gold, silver, platinum, and/or palladium. This makes it clear who owns the metals.
GoldBroker is a good choice for storing your gold offshore. They offer storage in Switzerland in the form of a vault in Zurich. They also have three other choices for national vaults.
- Singapore
- Toronto, Canada
- New York City, the United States
Almost all of their vaulting is done in New York City for their American Gold IRA account holders. This is because these account holders are required by law to store their gold within the United States.
GoldBroker Fees for Services and Products
GoldBroker is different from its competitors because it does not tell you how much money it will take for you to buy gold. GoldBroker says that the prices for each product vary and that the price gets cheaper as you buy more gold. They have a minimum order size of $10,000, so it is hard to say how much they charge on average for products that size.
You can be certain of the charges for selling back bullion products you purchase from them. They promise to buy back all precious metals that remain in their storage facilities. They charge a one percent commission on any buy-back sales, which starts at a $75 minimum commission total.
Precious metals’ offshore storage fees are based on how much money the metals are worth. If the value of the gold is less than $20,000, they will charge 1.5 percent. Gold that is more than 50 ounces is taxed at 1.25 percent per year. Gold that is more than 900 ounces is taxed at 1.05 percent per year. Gold that is more than 4,500 ounces is taxed at .95 percent per year.
Silver fees are based on a sliding scale that depends on how much silver you store with them. If you have up to 60,000 ounces of silver, you will have to pay 1.5 percent in fees every year. If you have over 60,000 ounces of silver, you will get 1.3 percent back each year. If you have 300,000 ounces or more, you will only earn 1.2 percent back each year.
The firm also assesses three other fees for people who visit the vault instead of delivering the precious metals. Visiting the vault costs $200. Picking up metals yourself costs $200. Taking pictures of metals yourself costs $10 per unit.
Gold Broker Reviews, Ratings, and Complaints
Here is a record of reviews and complaints about different companies. The list includes links to more detailed information about the complaints.
- BCA Rating: Not Listed
- BCA Complaints: Not Listed
- BBB Rating: A-
- BBB Complaints: 0 filed since August 2016
- Ripoff Report: Not Listed
- Complaints Board: Not Listed
- Yelp: Not Listed
- Trustlink: Not Listed
- Yellow Pages: Profile
- CitySearch: Not Listed
- Google+: Profile
- Trust Pilot: 4.5 out of 5 stars (4.5 / 5) based on 16 reviews
- Facebook: 4.5 out of 5 stars (4.5 / 5) based on ten reviews
Alternatives
Augusta Precious Metals
www.augustapreciousmetals.com
Star Rating
Augusta Precious Metals is one of these companies. It is famous and has many famous endorsements. You might have seen its advertisements online or elsewhere.
Isaac Nuriani founded Augusta Precious Metals in 2012 to help American investors invest their retirement savings into physical gold and silver. Augusta also provides information that investors often can’t get from their own financial advisors. Augusta provides this information on its website for free, which is why these advisors might not deal with precious metals.
This company is different from some of its competitors. It is more committed to education and transparency. It also offers competitive prices. In addition, this company offers the best offer in the industry for people who want to use a custodian or vault (up to 10 years of fees paid for you).
American Hartford Gold
www.americanhartfordgold.com
Star Rating
American Hartford Gold is a company that helps people invest in precious metals. AHG offers different products like physical silver, gold, and platinum coins and bars. These products can help people save money and make money. The website has a lot of information about the precious metals market. This information can be helpful for both new and experienced investors. The company provides this information for free to help investors make the best decisions without any pressure.
Some people might have seen American Hartford Gold’s celebrity spokesperson in their advertisements. People might like or not like who they choose to speak on their behalf, but the company has a good reputation for being dependable and providing good customer service. American Hartford Gold is a good company. The Better Business Bureau has rated it as an A+. People who have used the company give it high marks on Trustpilot, with 4.8 out of 5 stars. They appreciate the professionalism of the staff and their willingness to teach first-time investors about precious metals.
There are many precious metals firms in the U.S. that specialize in gold and silver IRAs.
Goldco
www.goldco.com
Star Rating
Goldco Precious Metals is a company that helps people buy gold and silver. The company has been around since 2006. It specializes in helping people buy physical metals like gold, silver, platinum, and palladium. The company is known for providing great customer service and for having top-notch educational resources for investors.
Trevor Gerszt founded Goldco, which is headquartered in Woodland Hills, California. In 2015, Inc. Magazine named it the third fastest-growing financial services company in the US. This company was named one of the fastest-growing companies in the greater Los Angeles Area by the Los Angeles Business Journal. The company’s mission is to help Americans protect their retirement accounts from stock market fluctuations and inflation by using precious metals.
Conclusion
GoldBroker is a unique company that offers an interesting and valuable service. By buying gold and silver online, customers can ensure they have a physical asset that will always hold its value. GoldBroker makes it easy for people to buy and sell precious metals, and the company has a strong reputation for providing excellent customer service.