After conducting extensive research, we have determined that Colorado Gold is a dependable investment choice. Nonetheless, we will also analyze other companies with better reviews and more reasonable fees in our detailed review.
To see a list of the best companies in 2023 click the link below:
<< Click Here To Discover The Best Gold IRA Companies of 2023 >>
If you’re in a rush, here are our top 3 picks with some information about them:
#1 BEST OVERALL: Goldco
#2 BEST FOR HIGH NET WORTH INDIVIDUALS: Augusta Precious Metals
August Precious Metals Detailed Review
#3 BEST FOR INVESTMENTS UNDER $5000: Birch Gold Group
Birch Gold Group Detailed Review
Are you looking to invest in precious metals but have not yet decided on a company? Colorado Gold is one of the many options available with an experienced team and an expansive range of products.
We understand that it can be difficult to determine which companies are safe investments and which present bigger risks, so we’re here to help you make a well-informed decision.
We’ll provide our unbiased opinion on the mining company, Colorado Gold, based on customer reviews, product offerings, security measures, and other factors.
Whether or not this turns out to be a good investment opportunity for you depends largely upon your personal preferences
By understanding what goes into each aspect of their services—from gold bullion availability to shipping times—you will be able to decide if investing with Colorado Gold is worth taking the plunge.
About Colorado Gold
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Colorado Gold has been a gold, silver, platinum, and palladium bullion dealer for over four decades. Founded by Don Stott in 1977, the family-owned gold investment company has helped people to invest in gold from all over the USA.
Don retired in 2015 and split the gold IRA company between his children – Melissa, Morgen, and David – and they still run the company as a family-owned business. Their commitment to providing outstanding customer service has kept their business successful and earned an A+ rating from the Better Business Bureau.
Not only this, but their willingness to spread out across the country allows them to offer extended office hours compared to other gold investment companies.
This level of transparency and convenience sets Colorado Gold apart as a trusted gold company that understands the needs of individuals looking for precious metals investment.
Colorado Gold Products and Services
Colorado Gold offers a variety of gold, silver, platinum, palladium coins and bars, and IRA-approved gold and palladium bullion. Including physical gold and precious metals in an IRA plan becomes a reality with the help of Colorado Gold.
The range consists of many popular coin types such as the Gold Canadian Maple Leaf, American Gold Buffalo, Gold Australian Kangaroo, Silver American Eagle, Silver Canadian Maple Leaf, or even the Platinum Austrian Philharmonic.
Colorado Gold’s gold IRA plan allows easy purchasing and selling of gold, silver, and platinum coins from anywhere in the US for those trying to maintain their retirement savings online.
For gold investors looking for an investment option that is both secure and profitable over the long run, gold bullion can be an attractive choice.
Colorado Gold provides a free gold investing kit for their customers which includes valuable information about the benefits of investing in precious metals, such as gold, silver, platinum, and palladium.
How to Buy Precious Metals from Colorado Gold
Colorado Gold makes purchasing precious metals easier than many of its competitors. If you want a quick and simple process when purchasing, their website may be your best choice.
The first step is to submit the Client Agreement, as this is a necessary legal document that holds both parties accountable throughout the purchase.
Be aware that signing this document will create a binding agreement between yourself and Colorado Gold, so if you disagree with this stipulation, this may not be the best company for you.
- Getting started with Colorado Gold’s precious metal investment services is straightforward and easy.
- When you are ready to make a purchase, begin by visiting the company website and filling out the provided client agreement form. Once your submission has been received, give their experienced purchasing professionals a call to place your order.
- You can check the current price listings for different types of metals which will help you understand how much you’ll be billed. Upon placing your order, you’ll receive a trade number that confirms your purchase.
- Lastly, all that remains is to send a payment for the order, and the company will insure the purchased items before shipping them via UPS (USPS shipment is an option upon request). You must ensure that someone is present to provide a signature at the time of delivery.
Making a contract with a client can be daunting, but the Client Agreement makes it easy to understand what is required of both parties. With the Client Agreement, you can rest assured that if you get a trade number for your order, the contract is legally binding, so there should never be any confusion about payment and delivery expectations.
Everyone involved in transactions must adhere to the agreement; customers have seven days to pay for their orders, and sellers have two days to ship orders from when they receive their order number. This applies not just to your first transaction but also to any future transactions having been completed under this same agreement.
If either party fails to follow the prescribed rules, there could be legal consequences such as penalty charges or even collections efforts by outside individuals or organizations.
Staying within these contract limits ensures everyone wins.
How to Sell Precious Metals to Colorado Gold
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If you are looking to sell precious metals, Colorado Gold can be your reliable purchase choice. Before making a sale, you will first have to complete their client agreement and then contact them for a quote on your items.
Be sure to include whether the metals were purchased from Colorado Gold. If so, you may receive an agreement with no fees attached. However, if it was purchased elsewhere, you will incur a 1% fee.
No matter the situation, they guarantee that the price they provide will remain locked in when packaging up your metals and shipping them off to their facilities. You won’t find too many precious metal buying companies out there as trustworthy as Colorado Gold.
When it comes to selling precious metals, there are certain requirements most companies request that you follow. For example, a new customer will likely be asked to show the metal before closing the trade.
This allows the company to verify the quality they have been promised as well as agree on a final price depending on its condition. Poorly shipped or damaged materials will lead to a reduced quote; this is not determined by the company but rather by their supplier who will ultimately receive and possess the metal in question.
To make sure you get the best price and a smooth transaction, shipping your metals safely is key. The company encourages people to use USPS Registered Mail service with form 3806 which can be picked up at any post office.
To ensure maximum safety, it is highly recommended that you double-box your items since this escalates the protection of your goods during transport.
No matter what condition or how far you’re sending them, double boxing and tracking your packages through registered mail can help guarantee you’ll get paid for goods received in their original condition upon delivery.
Colorado Gold Precious Metals IRA
Investing in precious metals IRAs is a great way to save for retirement because any contributions you make will not be taxed until you decide to withdraw the money from your account.
The tax-deferred nature of this type of retirement plan makes it an attractive option to individuals who don’t want t pay taxes when they are still contributing funds. Precious metals IRAs allow you to invest in physical precious metals such as gold, silver, and platinum.
While not all IRA custodians offer this option, if you’re interested in investing this way, Colorado Gold can provide a list of reputable self-directed IRA specialists who can facilitate your investments.
Withdrawing money from a precious metals IRA also has potential benefits that are not available with other types of retirement accounts. Not only will you not have to pay taxes upon withdrawing your funds, but you can also use the money for any purpose that you’d like without restrictions.
By opening a precious metals IRA, and taking advantage of the tax-deferred benefits associated with it, individuals are able to get closer to their goals of financial security and added security during retirement.
Colorado Gold IRA Approved Depository
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Colorado Gold & Silver, a trustworthy and quality business, offers an array of safe storage and security options for those looking to purchase precious metals through their IRA.
Before investing in any amount of gold or silver through your IRA, ensure that you are clear on the company’s policies regarding the storage and security of your purchased precious metals. Research Colorado Gold & Silver’s security strategies before investing as they provide both on-site and off-site storage vaults managed by secure third-party companies.
Colorado Gold & Silver prioritizes customer safety when it comes to storage solutions so you can have confidence knowing that your investments are protected.
Colorado Gold & Silver guarantees quality customer service by offering comprehensive FAQs on their website which explain the specifics of their storage solutions, including their commitment to keeping precise records on all bought and stored assets such as receipt details, transaction information, safekeeping certificates, and more.
Investing in Colorado Gold & Silver is not only a wise decision but also a secure one — Colorado Gold & Silver has your best interests at heart when it comes to safeguarding your retirement plans.
Colorado Payment Methods
Paying for items should be an easy and stress-free experience. Depending on the size of the purchase, you have several payment options at your disposal. For small amounts, there is the convenience of Venmo for money transfers.
On the other hand, there are more traditional payment methods like cashier’s check, personal check, or a bank wire transfer.
One important factor to keep in mind when opting for these is that you must arrange funds to move before the order can be confirmed especially if there is a history of unpaid bills or a large order being placed.
Additionally, payments involving checks or money orders can take seven business days for clearance due to security measures and verification procedures.
The good news is that you can always call customer service with any queries, and they will be sure to provide assistance from their helpful and friendly staff.
Colorado Gold Fees
With investment in precious metals becoming increasingly popular, Colorado Gold offers an excellent solution for customers to purchase their desired gold and silver products.
Not only do they provide outstanding prices for customers looking to purchase, but their buy-back policy is especially customer friendly.
For any items not actually sold by the company, they charge a minimum fee of 1%, which is applicable to orders below $50,000. When the order price reaches above $50,000, the fee drops to 0.75%; orders over $100,000 are given a further discount at 0.5%.
Colorado Gold prides itself on providing exceptional customer service, as well as a competitive pricing structure for its various precious metal products.
To begin the purchase of these commodities, buyers must enter into an official agreement with the company and complete payment within 7 days. These highly efficient processes have left many customers satisfied throughout the years.
Furthermore, those who wish to sell back their items can do so by obtaining the necessary documentation from Colorado Gold beforehand.
Altogether, Colorado Gold makes it easy and affordable for those interested in investing or trading in precious metals. Their commitment to creating a seamless buying experience serve as a testament to this fact.
Through simple policies, such as a reduced rate depending on how much one purchases combined with fast payouts and outstanding customer support services, the company has undeniably earned a positive reputation with loyal customers over time.
Colorado Gold Pros and Cons
- Long-standing reputation as a family-owned business
- A+ rating from the Better Business Bureau
- IRA-approved gold and palladium bullion bars
- Convenient purchasing process
- The easy selling process with locked-in prices
- No in-house IRA service
- Prices may be higher compared to other dealers
- Limited online reviews and customer feedback
- Client Agreement may be intimidating for some investors
- Limited information on security measures taken by the company
Customer Reviews About Colorado Gold
Colorado Gold has received overwhelmingly positive customer reviews from major organizations. The Better Business Bureau (BBB) has rated them with an A+, recognizing their stellar record since 2010.
Denver’s 9News Channel also reported that their commitment to service and customer care is top-notch, earning them an outstanding reputation across the state. Their clients vouch for the convenience and accessibility of their services.
Furthermore, reviews unearthed from Reuters, Yahoo. Finance, business consumer alliance, and other online review sites recommend this brokerage firm with emphatic assurance.
Customers have been delighted with their excellent customer service, low fees, and relevant selections of products and services.
Colorado Gold has undoubtedly become a well-trusted brokerage company in the finance industry.
“I purchased 100 oz of silver coins from Colorado Gold. They came much more quickly than promised, great quality, and the best prices – in many cases by far – that I could find on the internet. My brother has done business with them several times, just once for me. Based on our experience, a trustworthy and quality business. A shout out to Melissa who was very helpful.”
5 Star rating on Trustpilot