GoldSilver Review

GoldSilver Review
GoldSilver Review - by, April 1, 2011
3.5/ 5stars
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GoldSilver Review
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Review Summary :

GoldSilver has specialized in precious metals and bullion investing since 2005. Find out if it is a good fit for you.

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Pros:

GoldSIlver offers vault storage of precious metals in three different countries
Clients can take possession of their precious metals easily at point
No contract to sign for vault storage
GoldSilver offers global shipping of precious metals via the US Postal Service, FedEx, and UPS

Cons:

GoldSilver does not offer other precious metals other than gold and silver
Some popular IRA-approved gold and silver coins and bars were consistently deemed "out of stock"
Quick Facts about GoldSilver Review
Year Founded:2005
Company Headquarters:Santa Monica, California, USA
Annual Fees:Variable
Supports 401(k)?:No
Supports Roth IRA?:No
Crypto Offered?:No
Assets Offered:Gold and Silver
Offers Other Assets?:No
Custodian:Equity Trust
Current Promotion:N/A
Supports Home Storage?:No
International Storage?:Yes
Segregated Storage?:Yes
Preferred Storage Location:Several global options
Preferred Storage Vault:Several global options
Reviewed By::Sarah Bauder
Published On::January 4, 2021
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GoldSilver Company Info & Background

Founded in 2005, GoldSilver (www.goldsilver.com) is an industry leader providing both dealer services, and instruction on gold and silver. Headquartered in Santa Monica, they have a myriad of gold and silver bullion products, and will ship around the world. The online platform allows for simple selection of bullion products, seamless check-out, and the option to choose “storage” as a destination for the products, whereby the company automatically sets up an account for you. Similar to a brokerage account, you sign in, make transactions, and monitor your portfolio from any device. GoldSilver guarantees that clients can sell, transfer, or take delivery of precious metals at any point.

 

GoldSilver Management Team

 

CEO & Founder Mike Maloney

GoldSilver was founded by Mike Maloney in 2005. Maloney is the author of the best-selling Guide to Investing in Gold & Silver, and the host of the hugely popular web series, Hidden Secrets of Money. He was also a former advisor to Robert Kiyosaki, author of Rich Dad Poor Dad.

 

GoldSilver Custodian and Storage

GoldSilver offers secure and fully insured third-party precious metals vault storage outside the banking system. Their vaulting is completely allocated and segregated, and you are the sole owner of the precious metals. You can choose from several types of accounts including individual, joint, LLC, and trust. 

All global vault facilities are operated by Brinks and International Depository Services Group (IDS). Vault locations around the world include:

  • Toronto, Canada
  • Dallas, Texas, USA
  • Salt Lake City, Utah, USA
  • Singapore
  • Hong Kong

 

Regarding supported IRA custodians, the company’s preferred provider is Equity Trust. Other supported custodians include New Direction IRA, Goldstar Trust Company, and Strata Trust Company.

 

GoldSilver Products

GoldSilver offers a vast array of the most popular bullion products from around the globe – certainly more selection than many of its competitors. The company has gold bullion, coins, and jewelry, in addition to silver bars and coins. 

For gold bars, the company offers everything from one gram, one ounce, one Kilo, and 400 ounce options, in addition to numerous other weights.

GoldSilver offers bullion products from the following government mints:

 

  • United States Mint
  • Royal Canadian Mint
  • Perth Mint
  • People’s Republic of China
  • Royal Australian Mint
  • South African Mint
  • New Zealand Mint
  • Austrian Mint
  • UK Royal Mint

 

Additionally, the company also uses the following private mints:

 

  • Valcambi Suisse
  • Republic Metals Corporation (RMC)
  • Asahi
  • Heraeus
  • Sunshine Mint
  • Credit Suisse
  • PAMP Suisse
  • Johnson Matthey

 

GoldSilver offers an array of the most popular gold bullion coins from the major international mints. The company’s top-selling products include the American Gold Eagle, American Gold Buffalo,  Australian Gold Kangaroo, just to name a few.

In silver bullion coin options, they offer a wide range of products, however, at time of publishing there were a number of popular silver coins that were out of stock. Available silver coins include American Silver Eagle Coin (Common Date), Canadian Silver Maple Leaf (Common Date), Silver Britannia (Common Date), South African Silver Krugerrand (Common Date), and the Austrian Silver Philharmonic Coin (Common Date), among others.

For silver bars, GoldSilver features one ounce, 10 ounces, one Kilo, and 100-ounce options, in addition to numerous other weights.

 

 GoldSilver Fees for Services and Products

GoldSilver offers both allocated and segregated storage options. For allocated storage, the fee is 0.06% of the account value per month with a $4 minimum.  That said, examples of monthly vault storage fees would be as follows:

 

  • $6,666 and under – $4/month
  • 10,000 – $6/month
  • $25,00 – $15/month
  • $50,000 – $30/month
  • $100,000 – $60/month

 

The company stresses that clients are only charged for the duration that their precious metals are stored in the vaults, as there is no contract to sign. Likewise, you can choose to take delivery of your gold or silver at any point, or move it to another vault (either operated by GoldSIlver, or to a different operator), and only be charged shipping and handling fees.

For those who prefer the segregated storage option, GoldSilver charges 0.08% of the account value per month with a $35 minimum a month, per metal, per vault. All your precious metals are shelved, wrapped, and marked separately from other clients’ holdings.

GoldSilver permits clients to change their vault storage plan at any point, should they so desire.

 

GoldSilver Contact Information

  • Address: 750 Third Avenue, Suite 702, New York, NY 10017, United States
  • Phone: (310) 566-6655
  • Website: www.goldsilver.com
  • Established: 2005

 

GoldSilver Review
GoldSilver Review - by, April 1, 2011
3.5/ 5stars
on
GoldSilver Review
  • Editor Rating
  • Good
  • 0/5 Avg. User Rating
  • 0 No reviews yet!
Review Summary :

GoldSilver has specialized in precious metals and bullion investing since 2005. Find out if it is a good fit for you.

Have you purchased products from GoldSilver Review? Leave a review!

Leave your rating

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