Colorado Gold
222 S 5th St
Montrose, CO 81401
Products Available:
While the global economy is suffering and the markets are in turmoil, this leaves many retirees anxious about how all of this can impact their retirement fund.
However, history has shown us that investing in gold and precious metals can protect you in times of financial uncertainties and economic recession.
But, how do you find the right brokerage to buy precious metals from?
Keep reading this Colorado Gold review to learn more about the pros and cons of this precious metals broker, so you can decide if its right for you.
Who is Colorado Gold?
Colorado Gold is a family-owned business that’s been around since 1977. They are an online precious metals dealer headquartered in Montrose, Colorado.
Don Stott founded this company and co-manages it with his daughters and son who are based in New York and Wisconsin, respectively.
Although Don retired in February 2015 after 40 years in the precious metals business, he still writes a a weekly column on his website.
What Does Colorado Offer?
Colorado Gold offers 4 types of precious metals - gold, silver, platinum, and palladium.
You can choose from a selection of bullion coins and bars from this broker, such as the American Gold Eagle coin or the SilverTowne Buffalo bar.
For those customers who want to keep their retirement savings in physical, the company can buy and sell precious metals within your Gold IRA.
But here’s the thing - Colorado Gold is not an IRA specialist.
Instead, they refer you to a self-directed IRA custodian such as The Entrust Group, STRATA Trust Company, or New Direction IRA.
What are the Costs & Fees?
One thing to note about Colorado Gold is that they are not a coin shop, but rather brokers of precious metals. They buy for you, through of one of their distributors.
The company charges a 1% fee for every transaction which includes insured shipping.
For orders over $50,000 they charge 0.75% and on orders of $100,000 or more, the fee is 0.5%, both of which come with insured shipping.
As for the costs of setting up a Precious Metals IRA, the fees are dependent on the custodian and depository you choose to work with.
Precious Metals IRA |
|
| Initial Setup Fees | Depends on Custodian |
| Annual Admin Fees | Depends on Custodian |
| Annual Storage Fees | Not Disclosed |
| Minimum Purchase Amount | Depends on Custodian |
| Preferred Depository | Not Disclosed |
| Preferred Custodian | Not Disclosed |
Rankings, Complaints & Customer Reviews
Now let’s take a look at Colorado Gold reviews from renowned organizations to gain a better understanding of what other people are saying about this brokerage company.
Colorado Gold has an A+ rating from the Better Business Bureau (BBB). They have been accredited by this organization since 2010.
Unfortunately, when searching for reviews and ratings from other organizations such as the Business Consumer Alliance and TrustLink, they were not listed.
What are the Pros & Cons?
Pros
Cons
The Verdict
Overall, we believe that Colorado Gold is a solid business. They are a precious metals broker that have been in the industry for decades.
Their founder is an avid investor with a huge appetite for learning more about the ins and outs of investing in precious metals. This is why if you need a clear perspective of buying and selling physical gold or silver, this company can help you with that.
However, there is not a lot you can find about actual customers feedback and ratings for Colorado Gold. Although they are BBB-accredited with an impressive rating, there are zero customer reviews and complaints listed.
Our Recommendation
Best Service
- Fees Waived with Minimum IRA
- Get 10% Back in FREE Silver
- Editor Rating
- Rated 3.5 stars
- Very Good
- Colorado Gold
- Reviewed by:
- Published on:
- Last modified:
I’ve been a financial retirement planner for over 30 years and have been investing in gold, silver and other alternative investments since 2008. When I’m not spending time with my wife and 3 beautiful children, I am learning more about new emerging technologies such as the blockchain.
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When Don was running it, Colorado Gold was a delight to deal with. Now that he’s retired, not so good. I set up a transaction with them a week ago. As of today, no communication, so I was going to call. I looked for the number of the person I dealt with on their website, but it only said “On Vacation”. He hadn’t bothered to tell me that he would be gone.
So I called one of the other people and asked how long my guy would be out. She didn’t even know he WAS on vacation, and had no idea when he would return!
Not the way I run my company, you can be sure!