GoldDealer Review – Is it Safe or Risky to Invest?
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Ranked #79 of 68
3 / 5
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Golddealer.com specializes in helping investors navigate setting up a Gold IRA and acquiring gold and silver bullion for their portfolios.
With the company's 40 years plus of experience in the precious metals industry, Golddealer has established itself as a trusted source for gold and silver investments.
In this review, we'll look closer at Golddealer's Gold IRA service, examining its features, fees, and overall performance.
Whether you're new to investing in gold or an experienced investor looking to diversify your retirement holdings, this golddealer review will help you decide whether Golddealer is the right choice for your investment goals.
Our Rating Categories
Our review of The Golddealer Gold IRA will cover the following;
1. Product Range and Services
3. Customer Care
4. Company Reliability
5. Customer Reviews
GoldDealer Review: Our Verdict #79
GoldDealer.com, also known as California Numismatic Investments, is a reputable and well-established precious metals dealer that has been providing investors with gold, silver, platinum, and palladium products for over 40 years.
They offer a wide range of bullion products, numismatic coins like the US Gold Eagle series and Gold Bars, and a rich silver, platinum, and palladium inventory.
The gold dealers have earned a reputation as trusted and reliable precious metal dealers, having been featured and quoted on major news networks such as CNN, CNBC, and PBS.
GoldDealer.com is widely recognized for its exceptional professionalism in the precious metals industry. Their commitment to excellence is reflected in their memberships in several prominent professional organizations, including the Industry Council for Tangible Assets, California Coin & Bullion Merchants Association, and the Professional Numismatists Guild.
These esteemed memberships underscore their unwavering dedication to maintaining the highest standards of ethical and professional conduct in all aspects of their business operations.
Review of GoldDealer: Overall Rating: 3/5
GoldDealer Pros & Cons
Offers a wide range of silver bullion bars, products, and numismatic coins.
Competitive pricing on all products.
Free insured shipping on all orders.
Trusted and reliable, with a strong reputation in the precious metals industry
Memberships in prominent professional organizations such as the Industry Council for Tangible Assets and the Professional Numismatists Guild.
Poor communication from customer representatives.
The website can be difficult to navigate.
Limited payment options compared to other gold dealers
GoldDealer Review: Key Summary
|It is evident that GoldDealer.com is a leading authority in the precious metals industry, with over four decades of experience serving customers across the United States.
|GoldDealer.com has made efforts to update their website, but some users may find that it falls short of modern web design standards. Information is scattered throughout the site, and can make it difficult for some users to access.
|GoldDealer.com is dedicated to keeping clients informed and up-to-date on the latest trends and news in the precious metals industry. From their audio gold news to newsletters and live charts, they provide a comprehensive range of resources to keep clients informed and educated.
|GoldDealer.com offers functional customer service lines via both phone and email. However, due to high call volumes, it may be difficult to receive prompt assistance on the phone at times.
|Available Precious Metals Offer
|GoldDealer.com offers a comprehensive range of products, including gold, silver, platinum, and palladium bullion, bars, and numismatic coins. With such a diverse inventory, they have something to appeal to every investor.
|GoldDealer.com does not have their own storage facilities but partners with professional depositories to offer clients storage solutions. While they can work with any depository preferred by clients, they recommend Equity Trust for their ease of use.
|Other Investments Available
|GoldDealer.com specializes in the sale and purchase of precious metals. They also assist clients in setting up IRAs, but do not participate in investments in other markets such as stocks.
|Client fees are primarily determined by their chosen depository. It’s important to note that different depositories have varying fee structures.
|Trust link Rating
|Consumer Alliance Rating
The Bottom Line
Golddealer.com is a reputable and trusted precious metals dealer with over 40 years of experience in the industry.
Their product offerings include a wide range of precious metals, including gold, silver, platinum, and palladium coins and bars.
The company prioritizes transparency in its dealings with clients, which has made them gain many repeat and loyal investors.
Additionally, they assist clients in facilitating their IRA accounts, making it easy for them to invest in precious metals for their retirement.
Product Range and Services
California numismatic investments offer a broad selection of precious metals, including popular gold coins like the US Gold Eagle series, Gold Bars from PAMP or Credit Suisse, and the Gold Krugerrand.
For silver, they have $1000 face 90% silver bags, 1 oz American Silver Eagles, 1 oz silver rounds, and 10 oz and 100 oz silver bars, among other items.
They also offer platinum coins and palladium products, such as the Canadian 1 oz Palladium Maple Leaf and the PAMP Suisse 1 oz Palladium Bar. They have been named one of the best in collecting rare certified coins.
Golddealer Gold IRA Services
Golddealer.com is committed to assisting clients in setting up their IRA accounts.
While they do not provide storage themselves, they are pleased to collaborate with any professional depository to manage client IRAs.
Their role in the setup process is to serve as the gold dealer or broker, who will initiate the shipment of products to the depository once contacted by the depository for receipt of funds from the client.
Whether it's Gold, Silver, or Palladium bullion that clients wish to use to diversify their retirement investment, Golddealer.com is ready to assist with their professional services.
Golddealer.com provides a transparent pricing structure for all its precious metal products.
They have a live bullion quote and chart available on their website to allow clients to see real-time pricing updates.
Their competitive and fair pricing has made them a preferred choice among many clients.
Golddealer Gold IRA costs / fees
Golddealer.com provides the cost for every precious metal product on its website, and also they sell coins with real-time prices, allowing clients to make their selections and add them to their cart for insured shipping, free of charge.
However, clients interested in setting up a Gold IRA may incur significant costs as a different custodian and depository handle these.
Equity Trust, for example, charges an account setup fee of $50 for online applications and $75 for paper applications.
Annual fees are also applicable and are dependent on the amount held in the retirement account, with accounts worth $500 - $14,999 incurring an annual fee of $225, while larger amounts will typically attract larger fees.
It's important to note that these fee values are unique to Equity Trust, and other depositories may charge more or less.
At Golddealer.com, the minimum price to invest in any product to be shipped to a client is the product's unit price.
However, when it comes to setting up IRA accounts with a custodian, the minimum investment amount varies.
For instance, Equity Trust has a minimum investment amount of $500, excluding fees. In contrast, New Direction Trust Company and Brinks global have $0 account minimums.
It's important to note that different custodians have different requirements, and clients should research and compare the options available to them before making a decision.
Golddealer strives to provide quality service to clients. The company ensures that its clients receive personalized assistance by having real individuals, who are paid employees of the company, available to answer questions and offer support through their phone lines. This sets them apart from other precious metal companies that rely on contracted representatives.
Furthermore, Golddealer demonstrates a commitment to their clients by providing free insured packaging and nationwide shipping of client products to their location, ensuring clients have peace of mind when transacting with them.
Golddealer Gold IRA Educational materials
Golddealer.com provides comprehensive educational materials for clients interested in precious metal investments.
With over forty years of experience, they offer a wealth of knowledge available on their website. Clients have access to Audio Gold news, newsletters, and real-time precious metal graphs to give clients market insight and help them stay up-to-date with the latest market trends.
Additionally, they offer an 'Ask an Expert' program that allows clients to schedule a call with a professional to have their questions on any precious metal-related concept answered.
To further equip new investors with vital information, they also recommend best-selling books on pcgs certified rare coins and precious metals.
Golddealer.com is a highly reliable company with over 40 years of experience in the precious metals industry.
Since its establishment in 1981, the company has been committed to providing clients with high-quality services and products.
With a long-standing history in the industry, Golddealer.com has built a reputation for being a trusted metals dealer. Their longevity in the business speaks volumes about their stability and reliability in meeting their client's needs.
Golddealer Gold IRA Company history and background
Golddealer.com was founded by Richard Schwary, who has been the company's president since 1981. He co-founded the business with his partner and friend, Ken Edwards, who unfortunately passed away in 2018. They offered professional coin grading service and later on added buying gold from residents of the United States.
For nearly four decades, Schwary has been well-regarded in the dealer community. He played a key role in drafting the sales tax exemption law for bullion and rare coin sales in California and also contributed pricing data for A Guide Book of United States Coins.
Schwary is a Life Member of the American Numismatic Association, and his expertise and experience have helped establish Golddealer.com as a trusted and reputable rare metals dealer.
Golddealer.com has received both positive and negative reviews, which is not uncommon for any business. However, the number of positive reviews seems to be higher than the number of negative ones.
On Trustpilot, Golddealer.com has received a remarkable 4.8/5.0 rating from 1291 individuals.
On Trustlink, they have a 3.0/5.0 rating from six reviewers, with two reviewers complaining about the quality of products shipped, while the other complained about not being informed of delays in shipping.
Transparency is a characteristic that most clients appreciate about the company, and many have noted that the company reveals real-time prices for their products, which is not common among other precious metal dealers.
Another noteworthy fact is that many of their clients have remained loyal to the company for 30 years.
Golddealer Gold IRA independent 3rd party customer reviews
Golddealer.com has a reputation for transparency and customer satisfaction which is reflected in the positive reviews they have received from independent third-party review sites.
They are a Business consumer alliance accredited with an impressive rating of A+. On Trustlink, Golddealer has a rating of 3.0/5.0 and a perfect score of 5.0/5.0 on Site Jabber. They have yet to receive any reviews on Ripoff.
Average star ratings
GoldDealer vs the competition
Best Customer Reviews
Gold, Silver, Platinum & Palladium
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Get 10% back in FREE silver
Augusta Precious Metals
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American Hartford Gold
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Birch Gold Group
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Alternatives to GoldDealer
If Golddealer is too “expensive” for you, consider the two cheaper alternatives below:
Alternative “Augusta Precious Metals”
In 2012, Augusta Precious Metals was established by Isaac Nuriani to provide investors with a unique and unconventional method of investing in precious metals.
Their impressive range of products comprises coins and bars made of gold, silver, platinum, and palladium.
Augusta Precious Metals also provides a diverse range of services such as ROTH plans, Traditional and Simple IRA, and rollover, making them a one-stop-shop for precious metal investment.
The company's competitive pricing structure makes it an ideal choice for budget-conscious investors.
Additionally, Augusta Precious Metals' website features an exclusive online store that is incredibly user-friendly and simple to navigate, providing investors with an effortless purchasing experience.
Goldco is a well-established company headquartered in the Los Angeles area with over a decade of experience in helping clients protect their retirement assets.
Whether you have an IRA, 401(k), 403(b), TSP, or other related tax-advantaged retirement accounts, Goldco's team of expert consultants can guide you through the process of protecting your investments through a Precious Metals IRA.
Goldco offers competitive pricing and an easy-to-navigate online store that enables customers to conveniently purchase their desired products.
How to invest in GoldDealer
Although Golddealer does not operate IRA accounts, they can help facilitate the process for their clients. Here are the steps to invest in Golddealer Gold IRA:
1. Create an IRA account with a trustworthy and professional custodian such as Equity Trust, Brinks Global, or New Direction IRA. You can choose any custodian you prefer, and usually, the process involves filling out a physical or paper form. However, some custodians may allow you to electronically fill out the necessary forms.
2. Fund your IRA account with the desired amount of money. Some custodians have account minimums, so make sure you don't deposit amounts lower than expected. For example, Equity Trust has an account minimum of $500, while Brinks and New Direction have a $0 account minimum.
3. Upon your authorization, your custodian will confirm the receipt of funds and contact Golddealer. Golddealer.com will then package and ship your valuable metals to your specified storage facility or location.
Do We Recommend GoldDealer?
Yes, we recommend Golddealer.com. After reviewing the establishment, we recommend their services for investing in a Gold IRA.
With over 40 years of experience, Golddealer.com has established a reputable track record and is trusted by clients across the United States. It’s impossible for any establishment built in falsehood to stand for that long.
We appreciate their transparency in pricing, which sets them apart from other precious metal dealers. The personalities behind the establishment make Golddealer.com a standout option for those looking to invest in a Gold IRA.
Our Verdict : 3/5
$25,000 Minimum Investment
Get up to 10% Back in FREE Silver
What is the minimum investment for Golddealer Gold IRA Precious Metals Gold IRA?
The minimum investment for Golddealer Gold IRA Precious Metals Gold IRA depends on the custodian partner’s minimum investment amount. When purchasing directly from Golddealer, the minimum investment is the product’s unit price of interest.
What type of metals should I have with my Golddealer Gold IRA?
When it comes to precious metal IRAs, the type of metal to include depends on your investment strategy. While gold is a popular choice, it’s not the only option. Before investing, deciding which metals align with your goals is important. Golddealer.com can provide expert recommendations through a scheduled call.
When would I be qualified for the Golddealer Gold IRA distributions?
No matter the custodian you choose to work with, You would be qualified for Gold IRA distributions when you reach the age of 59½, as mandated by the IRS.
Is there a buyback program for Golddealer Gold IRA?
Yes, Golddealer.com offers a buyback program for its clients.
What storage options do I have with Golddealer Gold IRA?
Golddealer.com does not offer storage services for precious metals. Clients are allowed to choose the storages that they want. Depending on your custodian, you may be allowed to store gold in a segregated or unsegregated storage facility.
Why would I need a custodian to handle precious metals in my Golddealer Gold IRA?
The custodian ensures that the metals are stored securely and that the rare metals are not accessed or used before retirement.
Who is the custodian of Golddealer Gold IRA Precious Metals Gold IRA?
Golddealer.com does not have a specific custodian IRA custodian, but they recommend Equity Trust as a trustworthy and professional option for their clients. However, investors are free to choose any custodian they prefer to handle their precious metals in their Gold IRA.
How long will it take to roll over my IRA to the Golddealer Gold IRAs Precious metals Gold IRA?
Investors are not able to roll over their investment plan to Golddealer.com because they do not offer IRAs themselves.