In this Colorado Gold review, you will see the services of a distinguished family-run business that has entrenched itself in precious metals. You will delve into the core of Colorado Gold’s offerings and check out its services.
As you navigate the intricate details, potential issues and the overall customer experience will also be addressed. It is crucial to stay tuned until the end of this guide to unravel the comprehensive picture of what Colorado Gold has to offer.
From a diverse range of investment options to family management and educational resources, this review aims to provide you with a proper understanding of what the company is and has to offer. This will help empower you to make informed decisions in precious metal investments.
But before we get started with this review, here is something important that you should know!
I realize that choosing a company to invest your life saving is an integral decision. Because of this, I do my best to ensure the validity of information mentioned in my articles! I do all of this to guarantee you pick the best financial choices for them.
After carrying out through research and reviewing dozens of companies, I created a list of various gold companies and their reviews. It should help you in deciding the company most suitable for you and your needs.
You can check this list to see if Colorado Gold is something I recommend!
Or you can get yourself a FREE Gold IRA Kit from the company I recommend the most below!
Table of Contents
- 1 A Brief Overlook Of Colorado Gold
- 2 What Makes Colorado Gold Stand Out?
- 3 Pros And Cons Of Colorado Gold
- 4 What Products & Services Do Colorado Gold Provide?
- 5 How To Start A Precious Metals IRAs With Colorado Gold
- 6 How To Purchase From Colorado Gold
- 7 How To Sell Your Precious Metals To Colorado Gold
- 8 Colorado Gold Reviews, Ratings & Complaints
- 9 Frequently Asked Questions
- 10 Conclusion
A Brief Overlook Of Colorado Gold
Founded in 1977 and based in Colorado, the company is a family-run business with a rich history in the precious metals industry. Established by Don Stott, the company has seen a seamless transition to managing Don’s children.
Don Stott, who dedicated nearly four decades to the trade before retiring in February 2015, but despite this, the company still benefits from the ongoing involvement of its founder, who remains connected to the company’s vision and imparts his wealth of experience through a dedicated column on the company website.
Colorado Gold emerges as more than just a precious metals dealer. It is a family legacy rooted in expertise and dedicated to customer education.
The combination of familial management and diverse investment options positions Colorado Gold as a trustworthy partner for those navigating the complex world of precious metals investments.
What Makes Colorado Gold Stand Out?
Unlike many family businesses where the founder retires entirely, Colorado Gold and its owner’s connection and vision add a layer of authenticity and expertise. His insights are shared through a regular column. This helps in offering customers valuable perspectives informed by years of experience.
His legacy continues with his children, who also help manage the company. This familial approach provides a unique touch to the business. It also helps in ensuring continuity and a commitment to the company’s values.
Here are all the other standout services that you can get within the company:
1. Wide Range Of Investment Options
The company stands out for its diverse range of precious metals investment options. These range from IRA-approved metals to physical bars and even coins! The company caters to investors seeking financial stability and security rather than rare collectibles.
2. Educational Resources
The company has a weekly column that is consistently maintained by the founder and his children. This serves as a valuable resource as it aims to provide information and insights to empower customers in making well-informed decisions.
Colorado Gold boasts a superb reputation that speaks to the company’s commitment to maintaining integrity and trust in its dealings.
4. Operational Hours
Operating from home offices, Colorado Gold adapts to varying hours. The people here are available during specific time frames, which helps to reflect their commitment to customer service. Contact numbers are provided during operational hours.
Pros And Cons Of Colorado Gold
Even a company that is as old as Colorado Gold can suffer from various issues. These should not go against the major pros that the company has to offer. In the end, it is up to you to decide whether these pros outweigh the cons. This section will help in showing you both sides of the company.
- The company has been in business for over forty years and has a lot of experience in precious metals.
- A dedicated team for customer support is available to assist you for most of the day.
- A good variety of precious metals is available for customers to diversify their assets.
- They have a stellar buyback policy that accepts bullion and metal that hasn't been purchased from the company.
- Solid customer reviews with little to no complaints across multiple websites.
- A large variety of information available on the company website can help customers.
- The company has not been a part of or faced any legal issues or lawsuits.
- Products go out of stock, and there is no mention of when they may be back in stock.
- There have been slight issues in shipping over the years, which customers have brought up in certain reviews.
- The company is not an IRA custodian. It is instead partnered with other actual IRA custodians.
What Products & Services Do Colorado Gold Provide?
From precious metals to quality services, this section will talk about the various company offerings that you can take advantage of to expand your precious metal portfolio further.
Types Of Products
Product types have been separated into four major categories based on their precious metals. These include the following precious metals.
- Gold Coins & Bars
- Silver Coins & Bars
- Platinum Coins & Bars
- Palladium Coins & Bars
All of these metals and their specific products make great investments and can be found on the company’s website. Some items may be out of stock.
Types Of Services
This company only has a few array of services to choose from, but rest assured that they are all steaming with quality.
While the company does not directly do IRA services, they have various links when it comes to official and actual IRA custodians. They will help you in setting up the IRAs and getting in touch with quality custodians.
Buying & Selling
As a precious metal company, they are bound to have a large array of precious metals that you can purchase. As mentioned above, they have a huge array of precious metals for you to choose from. You can also sell your precious metals back to them. You can learn about all this by continuing to read the guide!
How To Start A Precious Metals IRAs With Colorado Gold
Colorado Gold extends its services to include placing precious metals in customers’ IRA accounts. Additionally, customers can convert larger silver contract bars into smaller sizes at no additional charge. This excludes the 1% for the purchase of smaller items.
Customers interested in retaining their retirement savings in physical precious metals can utilize a precious metals IRA.
Metals purchased within the precious metals IRA are stored in depositories under the control of the IRA custodian. This ensures compliance with regulations and safeguards the integrity of your investment. Several custodians permit the inclusion of physical metals in IRAs.
While Colorado Gold does not endorse any specific custodian, customers can choose a custodian that aligns with their preferences. For this, customers need to establish an account with a chosen custodian.
Upon order placement, Colorado Gold coordinates the direct shipment of metals to the selected depository. When selling metals from the IRA, the account is funded with a cash post-transfer. The company also facilitates the buying and selling of metals within the IRA.
How To Purchase From Colorado Gold
Embarking on a precious metals investment journey with Colorado Gold is a straightforward process. To ensure that you get proper transparency and efficiency.
Here is an in-depth guide on how to make a purchase:
- Begin by filling out and submitting the client agreement. This essential document lays the foundation for a secure and regulated transaction.
- Once the client agreement is submitted, customers can easily place an order by calling Colorado Gold. The current price displayed on the website is the final price.
- After placing an order, Colorado Gold issues a unique trade number, providing a clear reference for the transaction.
- The company ships orders via UPS with a required signature, and USPS shipments are available upon request.
Custom Requests And Availability
Colorado Gold accommodates custom requests beyond what is available on the website. Customers are encouraged to call for anything they don’t see listed. This is because the company has access to a wide range of precious metal products.
Payment clearance is crucial before shipping your precious metals. The company provides the following methods for you to make payments:
- Wire Transfer
- Personal Check
- Cashier’s Check
- ACH Transfer
Unfortunately, Credit cards are not accepted at the time of writing this article. Another thing to note is that depending on the purchase size and history, the company may require wire transfers before placing an order.
The company’s pricing structure is a standout feature that has been drawing customers for its as well as the commitment to keeping costs at a minimum.
Colorado Gold’s association with A Mark Precious Metals, Inc. adds an additional layer to its fee structure. The commission fee is tailored to the value of your order.
You can see this via a tiered system:
- A modest 1% fee applies to orders under $50,000 in order to ensure accessibility for a broad range of investors.
- A reduced 0.75% fee is provided For those with larger orders surpassing $50,000. This leads to a balanced approach.
- A 0.5% commission fee for orders of $100,000 or more is required to signify a commitment to facilitating substantial investments.
Colorado Gold extends its support to clients looking to incorporate their investments into an IRA. Once the order is placed, the company ensures secure shipping to an IRA-approved depository, where the metals are safeguarded until the investor’s retirement.
Clients bear the responsibility of covering the shipping and transport costs for sending assets to the company, with an additional $50 fee applicable for wire transfers. When it comes to the shipping procedure for selling precious metals, it is a bit different and has been highlighted below in the next section.
Opting for USPS Registered Mail may present challenges, as many customers have stated. Deliveries through this method are expected to take significantly longer.
The company takes responsibility for delivering your precious metals securely to your specified address. From purchase to delivery, it is seamlessly integrated as well as cost-effective.
How To Sell Your Precious Metals To Colorado Gold
If you are starting off as a new customer, you are urged to kickstart your journey by checking out all the rates that are available on the website.
Aside from that, here is what you need to know regarding the selling process of the game:
- Hallmarks And Charges: At Colorado Gold, they only accept precious metals that have certain markings on them that meet our standards. If you didn’t originally buy the product from Colorado Gold, there is an additional charge of 1%.
Customers are responsible for paying for the costs of shipping and transportation. If you choose to pay through a wire transfer, there is a fee of $50.
- Policy For Order Lock-In: Once you decide to sell your metals, it is important to follow through and send or transfer them to the designated storage facility right away. If you fail to do so, the company may suffer financial loss and may take legal action to recover the loss.
- Conditions For Metal Evaluation: If the metals they receive are in poor condition or damaged, they may offer a lower price for them. Their dealer will determine the value based on the condition of the metals.
- Commission Policy: They do not offer commission-free trades to immediate family members or relatives. For sales made by anyone other than the original buyer, a commission of 0.5% will be applied. Orders that are not subject to commission will incur a service charge of $25.
Colorado Gold recommends using the United States Postal Service’s Registered Mail service for shipping precious metals. Each package is insured for up to $50,000. You can obtain a free Postal Service Form 3806 for each box at your local USPS office.
It is advisable to use double-boxing for added protection. Save on shipping costs by using Priority Mail Flat Rate Boxes. Please seal the seams on the boxes with 3″ paper tape. The shipping address will be provided to you during the sale. Dropping off metals at the storage facility is no longer allowed.
Overall, the procedure is straightforward, and once you have your metals assessed by the company, you will be responsible for shipping them by adhering to the requirements above. Once the company evaluates your metals, they will send you the offer, and once agreed, it goes straight to your bank.
By adhering to the rest of the points, customers can navigate transactions smoothly while ensuring company policy compliance. This should avoid any major issues in the long run.
Colorado Gold Reviews, Ratings & Complaints
Many of the people who have any sort of grievance with the company often refer to the major cons that have been mentioned above. Apart from that, there are some reviews which mostly complain slightly about shipping times.
Other than that, you will find only good reviews about the company and major praise. Currently, it is a BBB-accredited company with an A+ rating. While it does have only 3.7/ 5 stars on Trustpilot, it has only one 5-star review, which calls into question why they have such a lower rating on this website.
Alternate websites have it easily over four stars, and most people give it solid ratings. This is the same sentiment that this review carries despite the small hiccups that the company can face.
Frequently Asked Questions
Q1: Does Colorado Gold Have Any Pending Lawsuits?
If you take a moment and explore the history of this company, you will see that Colorado Gold has not been a part of any lawsuits. Based on a lack of resources and chatter on the internet, it is safe to say that the company has not been sued by any client or other company.
Q2: Is The Colorado Gold A Legit Company?
Colorado Gold is nearing its 5th decade when it comes to its business. They have also been accredited by the Better Business Bureau since the year 2010.
This is all the proof you need to see that the company is legitimate and deserves your attention and business. This and a lack of legal issues show that the company is not a giant scheme or scam.
Q3: Does Colorado Gold Provide A Buyback Policy?
Colorado Gold offers a stellar buyback policy that offers a lot but also has a ton of information that you should know.
You can get the full rundown in the guide above, but for now, you should know that they charge a 1% fee, and this policy extends to the metal that you have purchased from the company and externally as well.
The conclusion to this Colorado Gold review should be easy to understand. The company embodies trust and decades of industry expertise. Their wide range of investment options, coupled with the founder’s active involvement, puts them in a particularly unique position in the industry.
The A+ rating from the Better Business Bureau and numerous satisfied customers lead to a solid recommendation to consider Colorado Gold for your precious metals endeavors.
With their proven track record and commitment to customer satisfaction, choosing Colorado Gold can be a positive and rewarding step toward securing your financial future.
Invest with the right company by reading my article, which lists the best companies of this year. Alternatively, you can also request a Gold IRA Kit for absolutely free!
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Martin Thomas, the owner of Quadra FNX Mining, is a true gold investment aficionado. With decades of experience and a wealth of knowledge, he is the go-to source for anyone navigating the vast world of precious metals. Martin has dedicated decades of his life to understanding the intricacies of the precious metals market and the best strategies for maximizing returns. His expertise in this field is unmatched, and his commitment to helping others make informed investment decisions is unwavering. With him as your guide, you’ll gain a deeper understanding of the gold market and learn how to make smart investment choices that will benefit you for years. With his guidance and wisdom, you will never have to worry about taking the wrong investment step again. Learn more about Martin.