Is Kitco A Scam? (The TRUTH Revealed!) (Updated Sept 2022)

September 17, 2022

Kitco Review

Welcome to my "Is Kitco A Scam?" review!

This post has been updated for September 2022.

If you are looking to hop in to precious metals in 2022, then you should probably know that the first important thing you need is a trustworthy dealer.

Although there are a lot of choices for you out there, you can't be entirely sure if you can trust all of them. There have been multiple cases of buyers being scammed by certain companies.

That is why it is important to research first. One of the best ways to do it is by reading reviews.

In this Kitco review, we will be finding out everything you need to know about it. Is it legit? Or is Kitco a scam? Here is the answer.

If you’d like to skip right to our number-one choice in gold IRA companies, check out Augusta Precious Metals here!

Kitco Review Quick Summary

Name: Kitco

Website: https://www.kitco.com/

Founder: Bart Kitner

Price: Varies depending on your investments

Rating: 3/5

Kitco Review logo

More...

What is Kitco?

Kitco is a precious metals dealer based in Canada. The company started in the late 1970s when Bart Kitner traded scrap gold with his loan worth $700. He was still a college student.

As time passed by, he was able to gain success, which made him venture out to other investment opportunities.

In the late 1990s, he was into the buying and selling of precious metals. In 1995, Kitco was founded.

The company provides information such as news, market trends and the updated prices of precious metals.

Apart from that, Kitco is in refining. It deals with jewelers, dental companies and other companies that demand gold.

Currently, Kitco has offices in Montreal, Hong Kong, Singapore, San Francisco and New York.

Kitco Products and Services

Kitco is widely known for its updated information on the precious metals market. It has live quotes, charts, news and latest trends. All of these are very helpful to all the investors out there.

Furthermore, it has a wide selection of precious metals including gold, silver, platinum, palladium and rhodium.

There are bullion bars and coins available too. Moreover, Kitco has its own Signature Products that are .9999 fine silver and pure gold.

These metals are special and unique. Only a handful and exclusive fabricators create and mint them.

IRA services are provided by Kitco's partner custodians. Its preferred depository is Brink's Global Services.

How to get started?

To purchase metals from Kitco, you need to create an account on its website. Then you can access its product catalog to see which products you want to purchase.

You can then add them to cart and proceed to the checkout where you will pay for the products.

Kitco Ratings and Reviews (Updated Sep 2022)

Kitco received ratings and reviews from the following websites.

  • BBB - 5 out of 5 rating, A+ rating, BBB accredited since October 31, 2021 with 1 review and 3 complaints 5 complaints!
Kitco BBB Rating Sep 2022


Kitco Trustpilot Rating Sep 2022
  • Yelp - 1/5 rating with 3 reviews
Kitco Yelp Rating September 2022
Kitco SiteJabber Rating Sep 2022

Overall, Kitco's ratings and reviews are not impressive compared to other companies...

Kitco Pros and Cons

Pros

  • Wide selection of precious metals
  • Provides good market information
  • User-friendly website
  • Can order online

Cons

  • Lacks quite a few ratings and reviews
  • Not BBB accredited
  • Relatively poor ratings on Yelp and SiteJabber
  • No live online support apparently

Is Kitco a scam?

To conclude this Kitco Review, it is time to answer the question, "Is Kitco a scam?".

Kitco is not a scam. It is a legitimate precious metals company that has been providing products and services for a long time. Moreover, its information about the market are reliable, since other companies use them too.

But if you are the type of person who value ratings and reviews, then I doubt that Kitco is for you since it received poor ratings and reviews online.

If you wish to know the best precious metals company, check out my top recommendation below.

Thank you so much for reading my "Is Kitco A Scam?" review. If you have any comments or questions, feel free to leave them in the comments section.

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 Questions? Call 855-444-7022


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