What is Goldworth Financial?
General Description of the Company
When Goldworth Financial first came into existence, the firm had a genuine track record. In Woodland Hills, California, the business began operating in 1999 and handled a wide range of items.
Clients were drawn to this firm because of its immediate access to foreign markets, making it the most trustworthy and cost-effective provider for international customers.
With ease, global markets may now be accessed, resulting in the removal of enormous foreign exchange rates. Clients may now buy different items without having to maintain foreign bank accounts as a result of this.
It has a solid reputation because it is one of the members of IPMI (The International Precious Metals Institute), CCE (Certified Coin Exchange), NACA (North American Collectibles Association), and ICTA (Industry Council of Tangible Assets).
Moreover, easy access to foreign markets helped defend against middle markets, which frequently resulted in a price increase. It’s probable that it was the cause for their high ratings on pricing. Furthermore, they offered insured storage space at their preferred independent depositories as well as shipping to various locations throughout the United States.
Goldworth Financial History
The firm began as a major supplier of precious metals, notably gold, silver, and other metals. They frequently emphasized their goods’ high-quality industrial components and services. They were an excellent venue for inexperienced investors and individuals who purchased bulky precious metals.
However, the business is presently closed indefinitely, including taking down their website without warning. Regardless of the browser you use, the site will not load.
Furthermore, the company’s main office at 6520 Platt Ave STE 17, West Hills, California, has now closed. Many people are wondering if the business will close down. When they went bankrupt, no announcements were made, which fueled rumors from various sources.
Customers who had direct debits set up were left in the dark after the service suddenly shut down. They could not locate any of their representatives to clarify the situation.
How Does Goldworth Financial Work?
By the time this firm discontinued operations, it had a formal website. Customers wanting to learn more about this business may go to its official website for answers.
Customers could access the company’s service offering on the main page by clicking on links to be redirected to the pages where they could learn more about the services as they were paying for them. Goldworth also had contact information posted on its official website, which consumers could use to reach out to customer support and get served.
Does Goldworth Financial Offer IRA Services?
Yes. This firm had established its capacity to provide IRA services. Customers may establish gold IRAs with this firm for their retirement years. Unfortunately, it was not possible for clients to open Crypto IRAs or Gold RRSPs (for Canadian clients). However, the fact that this firm offered Gold IRAs was a significant benefit since it allowed clients to protect their financial futures by investing in IRS-approved precious metals.
Goldworth Financial charged its customers’ various fees that were standard across the industry, including setting up an IRA account. As an IRA owner, you may anticipate paying the following costs and charges:
- Start-up fees – $140 -$290
- Admin fees (yearly) -$75-$275 (scaled)
- Storage fees (yearly) – 0.6% of the value of precious metals (scaled)
Customers paid hefty fees for services that were, to a large extent, determined by the chosen custodian and depository. However, Goldworth Financial had a list of preferred custodians and depository, which were:
- Preferred Custodian – (Equity Institutional, Equity Trust, Entrust, New Direction IRA, Sterling Trust)
- Preferred depository – First State Depository (FSD)
How Do You Set Up a Precious Metal IRA with Goldworth Financial?
The process of establishing a gold IRA with Goldworth Financial was made easy enough that even someone with minimal computer literacy abilities could do it.
On the company’s home page, there was a link to information about its precious metal IRAs. They would be taken to a page where they could discover a three-step process for creating accounts by selecting one of their recommended custodians if they clicked on the link.
Their website was easy to navigate around, and most material may be found on the main page. Thanks to the user-friendly design, customers could get what they needed to ensure that their new IRA was correctly established and invested in various precious metals.
Payment methods are accepted when paying for precious metals.
Goldworth Financial does not say anything about the payment options that are acceptable to them. You can infer, however, that they accept payments made using ACH and checks (through eDeposits).
Does Goldworth Financial Have Minimums for Purchase?
Requirements for a minimum deposit may be imposed by IRA service providers in order to keep their businesses profitable and make sense.
This can have a negative impact on those who make large purchases (at least not to an enormous degree), but it may also prevent individuals who wish to explore the market or don’t have a large sum of money from putting it down. Customers are generally required to make a substantial purchase of $5000 to $10000, depending on the custodian, with Goldworth Financial being one example.
Pros & Cons of Goldworth Financial
- It was simple to obtain and sell coins.
- Because of the direct connection to foreign markets, there will be no price hikes.
- When they first started, they offered good services.
- Precious metals such as gold, silver, palladium, and platinum are available.
- Low-cost pricing
- The company’s poor management resulted in an abrupt closure, which caused investors to doubt its credibility.
- Without notifying its customers, they have pulled down their website.
- It was hard to verify old or rare gold coins
- Unresolved reports that have resulted in government monitoring.
Goldworth Financial Previous Reputation
Is Goldworth Financial Genuine or Is It a Scam?
Goldworth Financial was a real firm that closed its doors. It’s reassuring to know that this business is no longer in operation since fraudsters may rely on unsuspecting consumers to defraud them of their money.
However, it’s worth noting that this firm has an AAA rating from the Business Consumer Alliance, a highly regarded consumer trust site. Because it’s impossible to visit their official website, there’s little chance that it will restart operations in the future.
Why Goldworth Financial Went Out of Business?
When Gold worth shut down, investors who had put money into the firm were not informed. The company went out of business because of bad management, according to experts.
The failure of good businesses may be attributed to poor accounting and finance management. They may have encountered some difficulties with resource management that eventually caused them to close.
It’s a shame that the firm began so successfully. They had a solid reputation, and many investors were happy with their operations, which is why they raised so much money in the first place.
However, there are other business shutdown theories already floating around. We don’t know if they’re true, but rumors have been flying since they closed their doors, even without issuing a news release.
According to one of the hypotheses, the firm may have been investigated by the government because of numerous complaints from consumers.
If a precious metals dealer is unable to respond to inquiries, relevant government authorities may take action.
When a company is under investigation, it’s critical to remember that there are a lot of eyes watching everything they do. Even if the situation is settled quickly, bad publicity might continue for years.
Augusta Precious Metals
Augusta Precious Metals is a full-service family-operated company that helps people save and invest their money. The company has over 50 years of experience in the business and is dedicated to helping investors achieve better savings and investments.
In addition, they offer a valuable service allowing investors to make money and guarantee a pleasant retirement with silver or gold IRAs. Augusta Precious Metals impresses as a gold IRA business by attending industry gatherings.
Augusta Precious Metals has a solid reputation among investors and customers. The Business Consumer Alliance AAA rating and the Better Business Bureau A+ approval are just a few of its honors. It has a TrustLink score of 5.0 out of 5 stars. Many consumers on social media, such as Facebook, commend it.
American Hartford Gold
American Hartford Gold is a precious metals investment firm based in Los Angeles, California that offers services and is founded in 2015. The firm offers IRA-approved bullion and collectible coins, as well as other precious metals. Gold, silver, and platinum products can be found in the catalog.
Customers may create a Gold IRA with American Hartford Gold in three easy steps. Furthermore, retirement savers may use the firm’s user-friendly online platform to set up a Gold IRA. Customers can pick from three depository firms for safekeeping of precious metals assets.
The business is dedicated to educating its clients. A free Gold & Silver Information Guide is included, as well as a full sector dedicated to “Market News and Charts.” The aforementioned part contains a variety of articles on a number of themes with the goal of informing readers about precious metals investment.
Goldco helps investors create and maintain gold IRAs, as well as rollover existing IRAs to gold or precious metal individual retirement accounts. On the other hand, if you want to sell your gold holdings, the firm will assist you in this by purchasing or selling them on your behalf in the market.
Goldco Precious Metals is a precious metals firm located in Woodland Hills, California, that was founded in 2006 as a service that lets people invest in various precious metals including silver, gold, platinum, and palladium through self-directed IRAs. When investors put their money into metals, they can choose to buy one or more than one. It is not registered as a company that looks after people’s savings. But it works closely with companies that do this, so their services are seamless.
Goldworth Financial, a company that’s been around for over 20 years and managed to stay afloat in this difficult economy, has closed its doors. It is unclear what caused the closure, but it could have been due to economic factors or financial mismanagement.
You will also need to think about how much money you want to spend. What kind of precious metals do you want to buy? While Goldworth Financial may have offered cheap rates, they aren’t the only ones to do so. While their loss is regrettable, you now have other alternatives.