Goldline International Review

Goldline International is a company that does business in the precious metals industry. They provide GoldIRA services and assist you in acquiring rare coins and precious metals for your portfolio. They sell a variety of collectable coins and foreign currencies.

Goldline International is one of the largest and oldest precious metals dealers in the US. Despite being acquired by A-Mark Precious Metals, the company still operates under the same name. But is being the oldest the best?

Unfortunately, Goldline International has been plagued by scandals and major customer issues for well over a decade. Here's what you should know about the history before you make any purchases.

Our Rating Categories: 

1. Product range and Services 

2. Pricing 

3. Customer care 

4. Company reliability 

5. Customer reviews 

Goldline International Review

Goldline International is one of the oldest and best-known precious metals dealers in the US. Though they have been acquired by A-Mark Precious Metals, they still operate under their old name.

Unfortunately, oldest doesn't always mean the best. The company has been investigated for fraud multiple times, including a court settlement for millions of dollars. Past customers have left almost exclusively negative reviews that indicate that none of the sales tactics has changed.

Goldline's response to these complaints is to point to the contract that people sign. This contract is extremely long and dense, but it does explain all of their pricing in detail. That gets them out of legal trouble when customers say they felt misled about the high markups and buyback program. But customers still say that they feel deceived by the salespeople, and most of these complaints have never been resolved.

The company's reputation and history are dodgy enough already. It would take a serious overhaul of management and policy to erase that. And it doesn't seem that they've done this necessary overhaul. Instead, they've covered their legal bases and continued using similar sales tactics to before.

We don't recommend doing business with this company. Some so many competitors have much stronger ethics and much better customer feedback.

Review Of Goldline International: Overall Rating: 2/5

Goldline International Review: Key Summary

The Bottom Line

Gold line International Gold IRA seems to have a very wonderful website and appealing services and enormous products but its customer satisfaction level is very low with a lot of complaints and negative reviews from its clients. 

Product Range and Services

Goldline offers exclusive, limited-production bullion gold and silver coins, bullion bars and coins, and other precious metals for investors and collectors. Goldline’s gold and silver precious metals will help you diversify your portfolio, add physical gold and silver to your retirement, and acquire a "safe haven" asset. 

Located in southern California, Goldline International offers both independent secure storage and direct insured delivery of all precious metals. Goldline offers their clients exclusive gold and silver bullion coins and bars from some of the world's premier mints. Goldline delivered internationally recognized gold and silver coins and bars. They offer a wide range of precious metals products and single one ounce coins. 

Goldline International Gold IRA Services 

Goldline International Gold IRA renders services ranging from Gold IRA, Silver IRA, 401 (k) Rollover, Traditional and Roth Planning, SEP IRA Planning, Simple IRA planning etc. They provide secure storage if you prefer to store your precious metals with them. 

They also provide free shipping and insurance for all purchases, your order is guaranteed fast and reliable processing and a dedicated client concierge is available via a toll-free number. Goldline also offers rare and collectible numismatic coins, bullion coins and gold coins with a good buying price and assists you in acquiring rare coins and numismatic coins. 

They also sell a variety of collectible coins, single one ounce coins and foreign currencies. Popular Precious Metals Products in their gallery include ½ oz Gold Canadian Maple Leaf, 1 oz Platinum Canadian Maple Leaf, MS-62 1881 $5 Gold Liberty, 1 oz Gold Canadian Maple Leaf, 1/2oz Silver The Heroes of Two Nations Bullion Coin, ¼ oz Gold Canadian Maple Leaf, 1/10 oz Gold Canadian Maple Leaf, 10oz Silver Bar, etc

Pricing 

Goldline International Gold IRA offers great value for your money with its good buying price. It offers a unique Price Guarantee Program which can help protect you from short-term market fluctuations. There is also a “Price Guarantee Program” for short-term changes. About Spot Prices for Precious Metals, precious metal prices are indications only. Spot prices may vary among different websites and sources. Call Goldline for the most current spot prices.

The following are their current prices: 

Gold=  $1,836.81 +0.62

Silver= $21.59 -0.06

Platinum= $926.40 +8.43

You can make payments using your Credit card (Visa, Mastercard or Discover), wire, ACH, personal check or cashier’s check.

Goldline International Gold IRA costs / fees 

With their accumulation program, you can acquire metals for as little as $200/month. This one-of-a-kind program allows investors to gradually acquire precious metals on their set monthly budget. After choosing the product(s) and setting the monthly allocated amount for each (minimum $200 per product), your first purchase is made and subsequent purchases will automatically be made for you on the second Wednesday of each month. Your card on file will be automatically charged for that purchase on the 15th of the month.

You will receive bi-annual (i.e. twice per year) storage statements in advance of each six-month storage period. Storage fees are either 1% of the total “ask” price of your holdings, or $25, whichever is greater. For example, if your gold holdings have an asking price of $10,000 at the time of billing, your storage charges for the next 6 months will be $100. If your gold holdings have an ask price of $1,000, your storage fee will be $25.

Minimum Investment

The minimum investment is $200/month per product.

Customer Care

Goldline International Gold IRA offers customized service and education. Goldline Account Executives are ready to answer your questions, provide service and assist you in acquiring rare coins and precious metals for your collection or portfolio. 

To meet the needs of their clients, they offer both independent secure storage* and direct insured delivery of all precious metals. But their company has a lot of negative customer reports. A dedicated client concierge is available via a toll-free number. 

You can reach them through their phone number at 800-827-4653 or contact them via their "contact us form". You can email them at info@goldline.com.  You can visit them at Goldline, Inc. - 11835 W. Olympic Blvd., Suite 500, Los Angeles, CA 90064. Their Account Executives are available to discuss your precious metals needs from Mondays to Fridays from 7 am to 5 pm (Pacific)

Goldline International Gold IRA Educational Materials

Goldline International has a well-designed,  user-friendly and easily navigated website which contains extensive details of everything about the company and the vital information a customer needs. You can open their brochures to get all the information you need. 

On the homepage of their website is a yellow button with the tag "click for buyers guide" where you can get every information you need as a buyer. You can also download their "coin facts” for investors and collectors to consider from their website. You can click here to learn about investing in precious metals. You can also click here to learn more about Goldline. 

Company Reliability 

Goldline International is now owned by A-Mark Precious Metals. Neither of the companies appears to be a scam, insofar as they do provide the services that they claim to. If you purchase precious metals, you will receive precious metals. Their IRA services appear to be compliant with all of the typical paperwork and regulations. 

Goldline has delivered internationally recognized gold and silver coins and bars. They have a long history, starting with their founding as Deak Investor Services, Inc. in 1960, to their acquisition of Dreyfus Precious Metals, Inc.

Goldline International is also plagued by a spotty history. 

Despite being one of the largest gold dealers in the world, the company's reputation isn't always the best. There were a few different investigations of the business's tactics in 2006 and 2010. On top of that, the online reviews for Goldline are not particularly favorable.

Some customers even said they won't be using Goldline anymore. 

Goldline International Gold IRA Company history and background 

Goldline International was born out of a company that sold bullion in South Africa in 1939, back before owning gold was even legal in the US. As such, its roots outstrip the local US retailers by several decades.

Goldline sells precious metals in the form of bullion and coins. They also sell foreign currencies, numismatic collectibles, and other metals. Their collectible sets tend to be marked up well beyond the prices of their competitors.

When Goldline was operating in 2009, there were over 300 employees in total. The company had a revenue of over $800 million, which made it one of the fastest-growing companies in Los Angeles county. The A-Mark Precious Metals acquisition occurred in 2017.

Customer Reviews 

According to our findings from a real customer review, Goldline International doesn't appear to have left their consumer complaints in the past. They did agree to change their sales tactics in 2010, but they are still receiving consistent complaints today. 

These complaints have been lodged even after the acquisition by A-Mark Precious Metals, so it seems like the parent company hasn't had a strong influence on policy. Their consumer reports are nothing to write home about. If you are buying precious metals, you have to be careful who you buy from.

Goldline International Gold IRA Independent 3rd Party Customer Reviews 

When you go to the Better Business Bureau website, you will see that they have an A+ rating and have been accredited since 2015. This indicates that they are an established company and that they respond to every complaint filed against them. 

But the complaint and review numbers are concerning. There have been 11 total complaints filed over the past three years. Of those, 6 were filed in the past year alone. Some clients have also said they won't be using Goldline anymore. 

The company has a rating of 1.5 out of 5 stars. That indicates that nearly every customer gave the lowest rating possible. There are similarly mediocre reviews across other third-party websites like Trustlink and Gold Dealer Reviews. Trustlink gives 2.3 stars based on 49 reviews, while Gold Dealer Reviews gives 1.9 stars based on 21 reviews.

That alone should tell you enough. An ideal company won't have exclusively negative feedback online. We can't look at every single complaint that's been lodged against the company. But we can look at some of the recent ones to see whether there are patterns of misuse, as well as how the company has handled it.

Alternatives to Goldline International

If Goldline International Gold IRA is not cost effective for you, consider the two cheaper alternatives below:

>>CLICK HERE to read our list of the top gold investing companies.<<

Alternative “Augusta Precious Metals”

This corporation wishes for their clients to retire with great joy and fulfillment by supporting them in material gold and silver in their retirement conservation, this will allow them to adapt and thrive over the harsh effect of the financial state of the country upon the unstable price of the dollar.

Augusta Precious Metals offers silver, platinum, gold and palladium bullion packages and pre-rolled gold coins and silver coins to satisfy the desires and appropriations of numerous types of investors.

Alternative “GoldCo”

Goldco is a company that specializes in helping investors diversify their portfolios by investing in precious metals such as gold, silver, platinum, and palladium. To get started with Goldco, you'll need to open an account with them, which can be facilitated with the help of their account managers.

Once you've opened an account, Goldco's team will assist you in filling out the necessary application and signing the required transfer documents. They will then help facilitate the transfer of funds so that you can buy precious metals. Goldco offers a range of precious metal products to choose from, including coins and bars, which are stored in secure facilities.

Investing in precious metals with Goldco can be a good way to diversify your portfolio, as precious metals often hold their value well in times of economic uncertainty. Additionally, owning physical precious metals can provide a hedge against inflation and currency fluctuations.

Overall, Goldco offers a convenient and reliable way to invest in precious metals, with the assistance of their knowledgeable account managers and secure storage facilities.

How to invest in Goldline International

There are three ways you can buy precious metals from Goldline International Gold IRA: 

1. Purchase and Take Delivery or Store with them. Have the metals shipped to you or stored in a secure vault with us. 

2. Open a Precious Metals IRA. Precious metals purchased in a Gold IRA must meet specific fineness or purity requirements as stated by the IRS.

3. Enroll in the Accumulation Program. Acquire precious metals for as low as $200/month.

Do We Recommend Goldline International?

We don't recommend doing business with this company. So many competitors and other dealers have much stronger ethics and much better customer feedback. If you are buying precious metals, you need to be careful who you buy from. Buy from a solid company. 

Our Verdict : 2/5