In this GoldDealer.com Review, we examine the business and what it offers clients. We review its strong points, what we didn’t like, and whether we would use it to invest in gold or a gold backed IRA or not. Protecting your wealth in the unpredictable economy we are living in is important for future prosperity and a happy retirement.
GoldDealer.com Review - Who is GoldDealer.com?
Founded in 1982, the company was originally named California Numismatic Investments (CNI). For over three decades the company has sold coins and bullion along with offering gold IRA investments and other services.
CNI is also a recognized member of various professional investment organizations. These are; Professional Numismatic Guild, California Coin & Bullion Merchants Association and the Industry Council for Tangible Assets.
They offer storage for precious metals through a partnership program and also specialize in the sale of rare and valuable coins.
GoldDealer.com Review - What Does GoldDealer.com Offer?
The company has a varied selection of precious metals for purchase, including a wide range of IRA-approved metals. These include gold, silver, rhodium, palladium and platinum. Investors can choose from bars, coins and bullion that can be placed in a self-directed IRA.
Due to the lack of its own storage facility, CNI is not considered a true IRA custodian. Instead they have a partnership with CMT, another reputable and independent storage depository.
GoldDealer.com Review - What To Like About GoldDealer.com
Customers are generally satisfied with the prices of the various precious metals products available from GoldDealer.com.
The company is committed to providing good education on their website so that investors can make wise choices. Anyone wishing to learn more about precious metals investing or numismatics will find the information of great value.
GoldDealer.com Review - What We DIDN’T Like About GoldDealer.com
Issues with Staff and Employees
The company has received some negative reviews about the follow up service that it provides. While the initial purchase and sale transactions seem to go smoothly, complaints have been made about failure by the staff to respond to questions or problems that arise in a timely way. This is has made many customers take their business to other investment companies.
Failure to Update Customers on Transactions
When investing with an IRA company, the sums of money involved can be very large. As a result, knowing what is happening to your investment is crucial. Some customers feel that this is very problematic and have to call the company to find out about receipt of funds, shipping information and purchase confirmation. In the modern world, these services should be simple to implement and also bring peace of mind to any investor.
Lack of Reviews
The company has very few reviews on the BBB, BCA or TrustLink.
GoldDealer.com – IRA Fees
|Initial Setup Fees||$150+|
|Annual Admin Fees||$75-$295 (scaled rate)|
|Annual Storage Fees||$225 (scaled rate)|
|Minimum Purchase Amount||Not Disclosed|
|Preferred Depository||CNT Depository|
GoldDealer.com Review - Rankings, Complaints and Customer Reviews
Better Business Bureau (BBB)
GoldDealer.com has an A+ rating with the BBB, however this is based on just two reviews. Also there was one complaint filed in the last 3 years, but this was resolved satisfactorily. (read more)
Business Consumer Alliance (BCA)
GoldDealer.com has an AAA rating with the BCA. This is the highest possible rating, however it is not based on any reviews. This could be worrying as it means that the AAA is simply a neutral accreditation, rather than having positive reasons from individual customers. (read more)
On the review aggregator site TrustLink, GoldDealer.com has just 6 reviews and a 3 star rating. Of the six reviews, three are a 5 star rating and three are 1 star rating.
The clients complain of rude behavior, unresponsive staff, delays and not being sold the correct amount of product. These are all worrying as this polarization indicates customer service and professionalism to be widely varied. In other words your experience is potluck rather than a standard of excellence.
GoldDealer.com Review – Closing Thoughts
The company has positive aspects and negative. We liked the long history in the industry and the varied services they offer. However there are some issues that raise red flags. One of the major things is the lack of reviews. For a company that has been in business for over three decades it has a combined total of just eight reviews. Three of which are extremely negative and there is also one complaint.
This raises doubts whether this is the best gold IRA company to do business with. Coupled with the lack of storage facilities, this would suggest that there are better gold IRA companies that should be investigated before making a decision.
Which Investment Company do We Recommend?
Official Website – Client Testimonials – Recommended Packages
Give them a call: 1 877 962 1133
For those that wish to ensure their investments against the dangers of inflation and unforeseen risks to the economy, Regal Assets is our recommendation. The company has many advantages over other gold IRA companies. It has 1000+ positive reviews on TrustLink with clients testimonies praising the consistent level of premium customer service along with great investor education and attention to individual clients needs.
It has fast processing times, excellent selection of coins, low fees, patient and attentive agents and financial experts. If you want to learn more about this company and what it can offer you check out the Regal Assets official website or call 1 877 962 1133