Hello! Welcome to my Colorado Gold Review!
Have you been recently researching about the best gold companies and dealers to purchase precious metals from for your investments?
No worries because I am here to help you in your search! I shall narrow down the list of companies through my reviews. In this Colorado Gold review, we will be finding out whether it is legit or a scam.
Let's get started, shall we?
Colorado Gold Review Quick Summary
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, it also offers 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 is very advantageous that Colorado Gold's website provide information about all of its products. Clients can see the actual price of each product, along their specifications.
Apart from selling precious metals, Colorado Gold is also interested in buying precious metals. You can find out the process by clicking here.
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.
You can learn more information about this by clicking here.
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.
Colorado Gold Ratings and Reviews
Although Colorado Gold has been around for a long time, it has no online reviews so far.
But it does have a BBB profile.
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
- Does not have an in-house IRA service
- There are commission fees
- Lacks online reviews and ratings
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.