Official Website | GoldSilver.com |
Phone Support | 1-888-319-8166 |
BCA Accredited Rating | AAA (On a scale of AAA to F) |
BCA Complaints | 5 |
TrustLink Reviews | (Based on 3 Reviews) |
IRA Transfer Process | 2-4 weeks |
401(K) Rollover Process | 2-4 weeks |
Metals Delivery | 10 days |
Setup Fees | Depends on custodian selection |
Annual Admin Fees | Depends on custodian selection |
Annual Storage Fees | $420+ (Scaled) |
Preferred Custodian | American Estate & Trust,GoldStar Trust,New Direction IRA |
Preferred Depository | Brinks |
Min Purchase Amount | Not Disclosed |
Physical IRA Application | |
Digital IRA Application | |
U.S. Mint Listed Dealer | |
ICTA Membership | |
TRUSTe Verified | |
Norton Secured | |
Promotions | None |
Precious Metals Selection
GoldSilver’s selection of metals is somewhat limited when compared to some of the larger firms. For most investors, though, their selection is adequate to meet investment needs. No platinum or palladium are sold through the website, but there are several choices for both silver bars and coins and gold investments.
Gold options include gold bars, bullion coins and rounds. The coins are limited only to the most popular bullion, primarily the Gold Eagle from America and the Gold Maple Leaf from Canada. The Austrian Gold Philharmonic and South Africa’s Krugerrand are also sold on the site. They offer coins from 1/10 of an ounce up to one troy ounce. Gold bars begin at one ounce, and the largest are 400 ounces. There are also several sizes between.
Silver options include four coins. These are the Silver Eagle, the Liberty Round, the Silver Maple Leaf and the Silver Philharmonic. They also offer silver bars in ten ounce and 100 ounce weights.
Payment Methods
For online purchases through GoldSilver.com, a credit card is needed. Customers cannot, however, pay for their entire order via credit card. Instead, the card is used only for the initial deposit. A debit card is also acceptable. This deposit is usually between 5 and 15 percent of the order total.
The initial deposit will hold your order at the current price until your full payment is cleared. This payment must be made by money order, personal check or bank wire transfer. Personal checks may take up to a week to be processed and clear, and a money order can be a hassle. The company instead recommends making a wire transfer. This must be done within 48 hours of the original purchase, and is processed immediately.
Minimum Order Limits
One downside to GoldSilver is the limits they place on buyers with their minimum order rules. The smallest investment a buyer is able to make through the website will cost several thousand dollars. This is because, while single ounce gold coins and bars can be purchased individually, there is a minimum set on the smaller bullion coins. In most cases, you must purchase a minimum of 500 coins. This could easily be a $20,000 investment, and is often much more than people are looking to spend.
Finding the right company to trust with your precious metal investments is a very personal choice, and no one company is going to be right for everyone. GoldSilver.com has both advantages and disadvantages when compared to other sellers online. If you are going to rollover your retirement fund to a gold backed IRA, we strongly suggest you to browse our other top recommended companies on the website to see which gold company best fits your personal investment needs.
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GoldSilver Contacts
Phone Support: | 1-888-319-8166 |
Address: | 429 Santa Monica Blvd., Santa Monica, CA 90401 |