Hello and welcome to my 'Is Bordergold.com A Scam?' article.
Buying precious metals such as gold and silver? Well, there is no shortage of bullion dealers out there. In this 'Is Bordergold.com A Scam?' article, I will be providing explanations for this question.
Furthermore, we will be reviewing their overall business structure and products. Apart from that, I will also show you how to transact with them as well as their customer satisfaction ratings.
So sit back and take your time reading this good read! Without further ado, let us start this 'Is Bordergold.com A Scam?' article.
Bordergold.com Review Quick Summary
Name: Border Gold Corp.
Owner: Michael Levy
Prices: Varies
Minimum Order: $300
Rating: 4/5
What Is Bordergold.com?
To start, this precious metals dealer is one of the largest Royal Canadian Mint distributor in Canada. Also, their company mantra revolves around loyalty and service towards their valued clients.
Surprisingly, it is among the oldest bullion dealers around, having its early and humble start during 1994. Equally important, them being in the U.S. border allows them to ship products from Canada and U.S.A.
For the same reason, their prices are competitive and are somewhat identical to other bullion dealers. What's more, their website has an abundant supply of items, some of which can be used as IRA asset.
As a comparison, it is older than my recommended dealer, Goldco. However, is Border Gold Corp. the best bullion dealer in the industry? Let us find out.
Products and Services Offered
Looking at their products, Border Gold Corp. has an extensive inventory. To put it simply, they have offerings for gold and silver, as well as platinum and palladium.
As for categories, you can differentiate items by their price, weight, and mint.
In addition, Border Gold Corp. has golds and bars that are IRS-approved. For example, their 1/10 oz. Canadian Gold Maple Leaf can be purchased at around $230. Alternatively, you can also sell to them.
As seen above, their best sellers for gold bars and bullions include:
- Canadian Gold Maple Leaf
- Australian Gold Kangaroo
- Great Britain Gold Britannia
- Gold Bars in different weights
For globally recognized mints, Border Gold Corp. is accredited and has partnerships with the following.
- Royal Mint ULK
- Perth Mint
- Royal Canadian Mint
- Various others
Admittedly, their products and items are tantalizing and are enough to gather the attention of buyers. Their inventory is on par with some bullion dealers and gold IRA companies out there.
Unfortunately, they do not offer other essential products such as holders and display boxes for these metals. Might I add, these products are sometimes what others are looking for to save them some time.
Therefore, I recommend looking at Goldco. Up against this company, Border Gold Corp. is better off as an alternative. Moreover, items rarely get out-of-stock in Goldco.
Border Gold Corp. Prices and Fees
As for this company's prices and fees, it generally depends on the following:
- Mint
- Weight
- Quantity
Fortunately, you will be given discounts and cutbacks, should you purchase in bulk. Although, this only applies to certain items.
For gold items, you can purchase one in the range of $220 as the lowest to as high as $60,000. Meanwhile, you can purchase silver, platinum, and palladium for as low as $25.
At this time, there is no policy written for big purchases. We can only assume that whether or not your package costs a lot, it will have the same buying process as those small ones.
Free shipping can be experienced by U.S. clients if their package exceeds 40,000 USD. For Canadian buyers, this will be at 50,000 CAD.
Business Transaction Process
To begin, you must first establish an account with Border Gold Corp. in order to make a purchase. You will provide personal information as well as bank affiliations during this process.
After that, you can look over their stock. You can add items to your cart if they grab your eye. More purchases equals more price cuts and discounts!
Finally, you must pay for the products you have added. After that, an online receipt for your transaction will be generated. The package will arrive within a few business days.
You might be concern about scams or any other unfortunate events. Luckily, Border Gold Corp. has no complaints regarding these circumstances. More on this can be found in the succeeding sections.
Take note that Border Gold Group only accepts U.S. and Canadian dollars. Moreover, they have a minimum order amount which is $300.
Border Gold Corp. Payment Methods
Border Gold Corp. makes it a lot easier for clients to purchase precious metals from them through its various accepted payment methods which you can see below:
- Bill Payments - Only available for clients who have accounts from RBC, Bank of Nova Scotia, BMO, TD, Alberta Treasury Branch, and Credit Unions under the Central1 Umbrella (BC and Ontario)
- Credit Cards - Only available for online orders. They accept Visa, MasterCard, American Express, and Discover.
- Bank Drafts/Money Order/Cashiers Check - They accept drafts that are issued by any major United States or Canadian banks.
- Personal/Company Cheques
- Bank Wires
- Cash - At their Retail Location outside of Vancouver)
- Debit - At their Retail Location outside of Vancouver)
Border Gold Corp. Shipping
Border Gold Corp. stated that all of the shipment orders are shipped via expedited and registered post, and are all fully insured.
This gives you the assurance that whatever happens to your precious metals during transit, you will be taken care of.
Take note that precious metals are only shipped right after your payment is cleared. Furthermore, you will be provided with a tracking number so that you can monitor the whereabouts of your orders.
Below, you can see more details on the Shipping and Insurance of Border Gold Corp. for Canada and the United States.
Canada
Shipping and Insurance costs for Canadian clients is a flat rate of $30 CAD.
Border Gold Corp uses FedEx, UPS or Canada Post for shipping orders, fully insured.
For orders that are over $50,000 CAD, they get a free shipping and insurance.
United States of America
For the U.S. clients, a flat fee of $25 will be incurred for the Shipping and Insurance of their orders.
Moreover, Border Gold Corp. also uses FedEx, UPS, or USPS for the fully insured shipping service of the products.
Orders that are over $40,000 will receive a free shipping and insurance.
Border Gold Corp. Corp. Storage Services
Border Gold Corp. also have storage options. If you are looking for secured storage of your metals, then this feature might be for you!
Border Gold Corp. is in partnership with Brinks Global Services, providing a low-cost, personalized storage solutions for your precious metals.
Storage accounts are fully insured and are completely segregated and private.
Selling to Border Gold Corp.
If you wish to sell your precious metals and liquidate them, you have the option to do so with Border Gold Corp.
You only need to give them a call. Sadly, no other options are available if you are selling to them.
However, if your precious metals are stored in Brinks Global Services and you want to sell them, you can do it easily with no additional costs.
Customer Ratings and Reviews
Checking out the Border Gold Corp. reviews and ratings is a crucial part in checking out whether it is good or not. That has been a constant thing to do here in Your Gold IRA Guide.
Currently, Border Gold Corp. reviews and ratings that I found online are listed below.
- Better Business Bureau - 5 out of 5 rating based on 1 review, BBB accredited since 2013
- Site Jabber - 4.9 out of 5 rating based on 22 reviews
- Trustpilot - 4.9 out of 5 rating based on 136 reviews
- Shopper Approved - 4.9 out of 5 rating based on 1539 reviews
Honestly, Border Gold Corp.'s online reviews and ratings are not bad. But they do lack the number.
Companies like Goldco received thousands of positive ratings and reviews from past clients and investors.
Pros and Cons
Pros
Cons
The Verdict!
To sum up this Border Gold Corp. Review, the business is legitimate. It is a bullion dealer who has been in business for a few years. Their products are also appealing and genuine.
Equally important, they also offer unique gold and silver metals. For those of you who are IRA holders, this bullion dealer also can help you! Not to mention, storage options is also open for you.
Nevertheless, they have no transparent information regarding selling to them. Apart from this, even if they are selling IRA-approved coins and bars, they are not conducting gold IRA services yet.
I propose checking out other bullion dealers for better and more trusted recommendations. Look for a firm like Goldco that has been accredited and reviewed numerous times.
With that, I appreciate you for taking the time to read my article. As always, any feedback and recommendations are appreciated! Please place them in the appropriate section below.
