Hello! Welcome to this Colorado Gold Review! (Updated Nov 2022)
Have you recently been searching about Colorado Gold and are wondering if you can trust them?
Well, in this Colorado Gold review, we will be finding out whether they're legit. Or not.
Let's get started, shall we?
Colorado Gold Review Quick Summary
Name: Colorado Gold
Founder: Don Stott
Price: Varies depending on your investments
What is Colorado Gold?
Colorado Gold is a precious metals broker based in Montrose, Colorado. It was founded by Don Stott back in 1977. He was a precious metals broker back then, which resulted to the creation of the company.
The business is run by his family, along with his son, David (based in Wisconsin) and daughter, Melissa (based in New York).
Colorado Gold offers a wide range of precious metals, including IRA-approved ones.
Colorado Gold Products and Services
Colorado Gold offers a wide variety of precious metals such as gold, silver, platinum and palladium. Their best sellers include the American Gold Eagle, Canadian Gold Maple Leaf and American Gold Buffalo.
Moreover, they also appear to oversee IRA-services along with its IRA custodian partners. Colorado Gold recommends three custodians: New Direction IRA, The Entrust Group, and Self-Directed IRA Services.
With that said, the IRA fees may vary depending on which custodian you prefer.
It's very advantageous that Colorado Gold's website provides information about all of their products. Clients can see the actual price of each product, along with their specifications.
Apart from selling precious metals, Colorado Gold is also interested in buying precious metals.
Other companies may include educational services and materials to ensure that their clients are knowledgeable and updated with the precious metals market.
It seems unclear whether Colorado Gold provides such a thing. That said, if you want a company that does, Goldco might be a great choice for you.
How to get started?
To purchase precious metals from Colorado Gold, you only need to follow the steps below.
- Fill up the Client Agreement and submit it.
- Contact the company on one of the phone numbers below to place your orders. You can check out the actual prices of the products online.
- The company will issue a trade number.
- You send your payment via wire transfer, personal check or cashier's check.
- Colorado Gold will insure and ship your order via UPS, with signature required.
Colorado Gold Fees
Like I said earlier, Colorado Gold is a broker of precious metals, not a coin shop. Basically, they will be buying for you, through their own distributors.
For every transaction, including insured shipping, it charges a 1% fee. Orders over $50,000, a 0.75% charge and orders over $100,000 or even more, Colorado Gold charges 0.5% fee.
As for the IRA fees, it all depends on the IRA custodian you choose.
There are several companies out there that offer such a thing. One of them is Goldco. Their clients enjoy some of the best customer service in the industry, so they might be worth checking out.
Colorado Gold Ratings and Reviews (Nov 2022 Update)
Although Colorado Gold has been around for a long time, it appears that there are not that many online reviews...
But it does have a BBB profile, which looks like this as of Mid-November 2022:
And as of November 2022, one review on Trustpilot appears to give them a rating of 3.7 out of 5, which is not that great:
Colorado Gold Pros and Cons
- Has been in business for a very long time
- Offers a wide range of precious metals
- The website has a lot of information
Is Colorado Gold a scam?
To conclude this Colorado Gold review, it is time to give my final verdict and answer to this question.
Colorado Gold is a legitimate precious metals broker. It has been around for a very long time. However, despite that, it lacks online reviews and ratings to actually back it up.
If you prefer a company with a good record of ratings and reviews, then you better check out my top recommendation below!
Thank you so much for reading my Colorado Gold Review! If you have any comments or questions, feel free to leave them in the comments section.