GoldSilver Review

GoldSilver precious metals ira review table
GoldSilver precious metals ira review table - by, April 1, 2011
4.5/ 5stars
on
GoldSilver precious metals ira review table
  • Editor Rating
  • Very Good
  • 0/5 Avg. User Rating
  • 0 No reviews yet!
Review Summary :

Founded in 2005 by Mike Maloney, GoldSilver rounds out the top 10 precious metals IRA reviews here at Sophisticated Investor. The company offers a plethora of custodian and international storage options. That's just one of the things that separates GoldSilver from competitors.

Get Info Kit Now

Pros:

  • Provides list of four custodians
  • Six storage choices, four international
  • Free shipping on large orders

Cons:

  • Only offers gold and silver
Year Founded:2005
Company Headquarters:Santa Monica, California
Annual Fees:$4-$60 per month depending on account value
Supports 401(k)?:No
Supports Roth IRA?:No
Crypto Offered?:No
Assets Offered:Gold and Silver
Offers Other Assets?:No
Custodian:GoldStar Trust, New Direction Trust, Provident Trust
Current Promotion:Free shipping on orders over $50,000
Supports Home Storage?:No
International Storage?:Yes
Segregated Storage?:Yes
Preferred Storage Location:Salt Lake City, Utah
Preferred Storage Vault:Brink's Global Services
Reviewed By::Jack Choros
Published On::July 15, 2020
Last Modified::July 15, 2020
Have you purchased products from GoldSilver precious metals ira review table? Leave a review!

Leave your rating

Field is Required

Field is Required

Field is Required

Field is Required

 

We chose GoldSilver to round out our top 10 list of precious metals IRA companies because of the founder’s commitment to building credibility and the fact that customers co-sign on that credibility on a trusted platform like Trust Pilot.

You’ll learn more about Mike Maloney in a moment. For now, just know that he’s worked very hard to build his credibility outside of just relying on customer feedback. He’s a true expert in the gold and silver game. So with all his credibility, why did we stop short of ranking GoldSilver in the top three? There are number of reasons.

Firstly, the fee structure at GoldSilver is complicated in comparison to competitors. Not only does GoldSilver charge fees based on account value. Those fees are also charged on a monthly basis. This means you’ll have to regularly be billed for that. It’s a mild inconvenience for investors because they are not going to pay those fees by taking it out of your account and chipping off pieces of gold from your holdings. You’re going to have to pay that in cash or on credit.

Nevertheless, we had to give GoldSilver a top 10 spot simply because of the organization’s expertise when it comes to gold and silver, and also because it’s the only precious metals IRA company reviewed here at Sophisticated Investor that offers to send you gold and silver in the form of jewelry directly. This allows you to be fashionable and still wear a certified and authenticated piece.

Feel free to read through the rest of this review which covers more details on the founder, the pricing structure and the most frequently asked questions people have about GoldSilver. Remember to thoroughly do your research before making the best choice for you and your retirement planning.

 

The Founder and Management Team at GoldSilver

Mike Maloney is the founder of GoldSilver. Unlike other founders and management teams we are combing through in this precious metals IRA review series, Maloney brings credibility to the table in a whole different way in comparison to other founders. He is the author of one of the highest-selling books on gold and silver investing of all time.

He published the book on Amazon.com in 2015. It’s 272 pages long and rates a 4.5 out of five stars and features a whopping 297 positive reviews. Those reviews are enough to rank Maloney’s book 13th in the investing subcategory of commodities trading. That means Maloney isn’t just any other self-published author. He actually provides real credibility that sparks investors to buy his book and trust his advice.

Maloney has also worked as an advisor on Robert Kyosoki’s famous investing book Rich Dad, Poor Dad.

There are no other executives listed on GoldSilver’s website aside from Maloney, but he is clearly worked hard over the years to establish his credibility, and it’s obvious he has that if he worked alongside an internationally known investing author like Kyosoki.

Let’s dive deeper into what makes Maloney and his company GoldSilver one of the top 10 precious metals IRA companies to work with.

GoldSilver | Gold Products Offered:

1 oz Gold Bar – Our Choice

10 oz Gold Bar – Our Choice

1 Kilo Gold Bar – Our Choice

1 oz American Gold Eagle Coin

1 oz American Gold Buffalo Coin

1 oz Canadian Gold Maple Leaf Coin

1 oz South African Gold Krugerrand Coin

1 oz Gold Britannia Coin

1 oz Austrian Philharmonic Gold Coin

1 oz Australian Kangaroo Gold Coin

400 oz Gold Bar

GoldSilver | Silver Products Offered:

1 oz American Silver Eagle Coin

500 oz Sealed Mint Case American Silver Eagle

1 oz Silver Bull Round

1 oz Silver Round – Our Choice

1 oz South African Silver Krugerrand Coin

1 oz Australian Silver Kangaroo Coin

1 oz Silver Britannia Coin

1 oz Austrian Silver Philharmonic Coin

100 oz Silver Bar – Our Choice

10 oz GoldSilver Crest Silver Bar

10 oz Silver Bar – Our Choice

90% Junk Silver 71.5 oz Bag

GoldSilver Pricing and Fees

GoldSilver’s fee structure is different from the other nine companies we are reviewing. It charges clients fees on a monthly basis rather than an annual basis and considers the value of the investors account in calculating those fees.

An investor that has $100,000 worth of precious metals in their account with GoldSilver will pay at least $60 a month and fees. That’s over $700 a year! That’s a lot when you consider that most companies ranked in our top five charge no more than a few hundred dollars a year.

Still, on the low end of GoldSilver’s account value scale, somebody with less than $6,666 in value in their precious metals IRA can pay as little as just four dollars per month which is only $48 per year. In general, paying fees based on account value is a negative in the long run but those who are really fee conscious might want to start out with GoldSilver and then transfer their IRA to another company in the long run.

Choosing GoldSilver over other companies is really a matter of personal preference if you’re only looking at fees. If you’re looking at credibility and reputation, perhaps you might personally rate GoldSilver higher than other IRA providers.

Either way the pricing chart below gives you an idea of what you might pay depending on the value of your own personal account.

One thing that should be noted should you choose to work with GoldSilver is that precious metals orders over $50,000 come with free shipping. It’s a nice little kickback for bringing your wealth over to the company.

Account ValueMonthly Storage Fee
$100,000$60
$50,000 $30
$25,000$15
$10,000$6
$6,666 $4 minimum

 

GoldSilver Storage Information

When it comes to storage options, GoldSilver offers several different custodians that investors can choose from. It’s always good for clients to have options! In this case the custodians include GoldStar Trust Company, New Direction IRA, Provident Trust, American Estate and Trust. Each custodian has their own storage fee policies and fee schedules. Remember that GoldSilver is charging you annual fees for doing business with them and for maintaining your account records, but you still have to pay storage fees if you’re going to choose flexibility over convenience.

GoldSilver offers domestic storage options in Miami, Florida and Salt Lake City, Utah. There are also international storage options that allow investors to take advantage of offshore locations. This is ideal for survivalists that really want to keep the possibility of precious metals confiscation by the American government at bay. Safe haven locations for your precious metals include Canada, Singapore, Hong Kong and Australia.

Most custodians like the ones listed above allow you to separate/segregate your precious metals from the precious metals of other customers. No matter how you want to organize your storage preferences, the power really is in your hands.

 

GoldSilver Customer Reviews

All of the precious metals IRA companies ranking near the bottom of our top 10 list get most of their reviews from one particular website. That’s Trust Pilot! GoldSilver boasts around 1,000 customer reviews and rates a 4.2 out of five stars on the website. Trust Pilot is by far the best website for considering the comments and feedback that real-life customers have relating to GoldSilver’s services.

But of course Trust Pilot isn’t the only option to look at.

SiteJabber gives GoldSilver a three out of five stars, but that’s just based on a few reviews. Add that to an additional five out of five star rating on TrustLink, but again, that’s based on just three reviews.

Apart from all that, GoldSilver maintains a AAA rating at the Business Consumer Alliance and an A+ rating with the Better Business Bureau.

 

GoldSilver List of Assets

One of the drawbacks of choosing GoldSilver over other precious metals companies is the fact that investors cannot get access to platinum and palladium through the company. It only sells gold and silver.

The upside to choosing GoldSilver is that not only is bullion, a bar or a coin an option for a way to invest in gold and silver with the company, investors also have the option of choosing to buy jewelry in both formats. That’s something no other precious metals IRA company offers.

Pretty well all precious metals companies will certify and authenticate your purchase especially if it’s for retirement investing, but the idea of offering it to you in the form of jewelry is a really unique approach and it’s clearly something people are willing to spend money on as long as the jewelry itself is nice.

 

GoldSilver: Frequently Asked Questions

Check out some of the most frequently asked questions investors have about GoldSilver. GoldSilver doesn’t actually have an FAQ section on their website, so this is definitely the best resource to use for anything you might be wondering about.

 

GoldSilver is a precious metals IRA company that sells gold and silver to retirement-focused investors. Purchases can be made and shipped directly to you or internationally to any number of GoldSilver’s recommended custodians. Products come in the form of bullion, bars, coins, and jewelry.

GoldSilver offers many different kinds of storage options to investors, but they won’t be responsible for helping you in storing your precious metals at home. There is nothing wrong with buying jewelry of course. That can be done with or without GoldSilver. But other than that, they will ship products wherever you choose. It’s likely up to you to figure out how to store it.

Yes! GoldSilver certifies all of its offerings.

GoldSilver doesn’t specifically point out a minimum investment requirement on its website, but investors only pay a minimal fee of four dollars per month if they have less than $6,666 in their GoldSilver account. Use your account value as a guide to determine what you are minimum investment amount should be. At the end of the day if paying too much in fees is a concern for you, you can use the pricing chart in the pricing and fees section above.

 

Should Investors Choose GoldSilver?

There are two things we can’t deny when it comes to choosing GoldSilver as your precious metals IRA provider. Number one the founder Mike Maloney has worked really hard to establish himself as a thought leader and authority on gold and silver. His best-selling book and the fact that he’s worked alongside other influencers in the industry as proof of that.

Lending more credibility to that proof is the plethora of positive customer reviews available at Trust Pilot, and on a few of the other review platforms we have researched. Those are two big reasons to choose GoldSilver.

There are also some consequences of choosing GoldSilver to consider. Firstly, the idea of paying a monthly rather than a yearly fee on storage and administration charges is a turnoff for some. These fees are based on account value however, so those just getting started on their retirement journey might choose GoldSilver just based on their ability to save money. In the long term of course, it may prove viable to some to make a switch just to save the extra costs associated with storing a higher net worth with the company. Still the fact that GoldSilver offers clients an option to choose from four different custodians and store their gold in several other countries is a big positive as well.

Overall, GoldSilver’s reputation speaks for itself, but we must admit we stopped short of giving it a spot in the top three because of the fee structure and because the company doesn’t offer platinum, palladium or rhodium like some competitors do.

At the end of the day however, you should feel free to consider GoldSilver as a top contender for your precious metals investing. But that’s only after you review every other company we’ve researched for you of course.

 

GoldSilver precious metals ira review table
GoldSilver precious metals ira review table - by, April 1, 2011
4.5/ 5stars
on
GoldSilver precious metals ira review table
  • Editor Rating
  • Very Good
  • 0/5 Avg. User Rating
  • 0 No reviews yet!
Review Summary :

Founded in 2005 by Mike Maloney, GoldSilver rounds out the top 10 precious metals IRA reviews here at Sophisticated Investor. The company offers a plethora of custodian and international storage options. That's just one of the things that separates GoldSilver from competitors.

Have you purchased products from GoldSilver precious metals ira review table? Leave a review!

Leave your rating

Field is Required

Field is Required

Field is Required

Field is Required