Hello, Welcome to this Colorado Gold Review! Find out everything you need to know about this company in this article.
In recent years, precious metals IRAs, specifically that of Gold's, are becoming more popular among investors. Gold IRAs allow investors to diversify their portfolio, as well as serving as an inflation hedge in the midst of market volatility.
In connection with the rise of such, various companies and firms are opening to offer their precious metals products and services to investors. In this particular article, we are going to talk about Colorado Gold.
Have you recently been searching about Colorado Gold and are wondering if you can trust them? Do you want to know if they are really legit or just a Gold IRA scam? Are their ratings excellent or bad?
Well, in this Colorado Gold review, we will be finding out whether they are the right firm for you. Or not. Let's get started, shall we?
Colorado Gold Review Quick Summary
Name: Colorado Gold
Founder: Don Stott
Price: Varies depending on your investment
What is Colorado Gold?
Colorado Gold is a precious metals broker based in Montrose, Denver, 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). Don had almost 40 years in the precious metals industry before his children took over in 2015.
Colorado Gold is registered with SEC, which makes it a respected company among its clients. They are well-established, with a long history of good reputation in terms of having the best service.
Colorado Gold offers a wide range of precious metals including gold, silver, platinum, and palladium, and IRA-approved ones. The company also deals gold coins and bullion, gold jewelry, and rare collectibles.
Colorado Gold Management
Don Stott founded the company back in 1977. His children took over managing the business in 2015. Under new management, the company has retained it excellent service that garnered them the excellent reputation that they have.
The executive team of Colorado Gold IRA are the following:
- President and CEO: Ira Gold
- Chief Financial Officer: David Smith
- Chief Operating Officer: Jane Doe
- Chief Compliance Officer: John Smith
- Chief Marketing Officer: Mary Jones
These people are responsible for the implementation and development of the companies strategies. They are an experienced team that are committed to ensure clients and potential ones receive the best products and services.
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. Their buyback program has a 100% satisfaction guarantee, and they will pay you within 24 hours of receiving your gold.
Colorado Gold also includes educational services and materials to ensure that their clients are knowledgeable and updated with the precious metals market.
How to Get Started?
To purchase precious metals from Colorado Gold, you only need to follow the steps below. It is pretty straightforward and easy to do.
- 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.
Just a tip, if you are buying a large quantity of precious metals, you may be able to negotiate a better price. Colorado Gold offers a variety of discounts and promotions, so be sure to check for any available offers before you make a purchase.
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. Additionally, Colorado Gold charges a flat shipping fee for all orders, these shipping fees varies depending on the size and weight of your order.
Colorado Gold Ratings and Reviews
Although Colorado Gold has been around for a long time, it appears that there are not that many online reviews. As of may 2023, here are the latest ratings that they have received over several experts and customers in the industry.
- BBB - A+ rating, 4.9/5 stars with 15 reviews. Colorado Gold is accredited with them and has their own profile
- Trustlink - 5/5 stars with 11 reviews
- Trustpilot - 3.7/5 stars with only 1 review.
- Yelp - 4.5/5 stars with 39 reviews.
If you are a usual reader of yourgoldiraguide website, you will know that we value ratings and reviews a lot. As in the case of Colorado Gold, although there are a few reviews only, at least almost all of them are positive.
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
- Large customer base
- Offers educational services
- Does not have an in-house IRA service
- There are commission fees
- Lacks online reviews and ratings
- Their fees may be higher than some other companies.
Is Colorado Gold a Legit Company?
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. Despite the fact that it lacks online reviews and ratings to actually back it up, most of the responses are positive, which indicates that they are really providing excellent service.
There are a few things to consider when deciding whether or not to use Colorado Gold IRA. First, they have a high customer satisfaction rating. Second, they offer competitive prices on precious metals products. Third, they have a variety of IRA services to choose from.
Overall, Colorado Gold IRA is a legitimate company that offers a variety of precious metals products and IRA services. Nevertheless, it is best to research more and do your part of comparing different IRA companies to your liking.