As soon as we come across a gold company we have not reviewed yet, we jump on it! This is a Fairpoint Discount Gold Group Review. Let´s look at the pros & cons of this company, and see if it is one that you should pay attention to or simply ignore. Ok, with that said, let´s look into it!
Company: Fairpoint Discount Gold Group
Owner: Not mentioned on their website (bad sign)
Founded: Not mentioned on their website
Who is it for: Precious metals investors, mainly retirees
Overall rating: (2.5 / 5) (below average)
See my #1 Recommended Gold & Silver Investment Company on this page
See my Top-5 List of Gold & Silver Investment Companies here
What is Fairpoint Discount Gold Group?
Fairpoint Discount Gold Group is complay that provides clients with the two most popular precious metals, gold and silver. So in short, it is a precious metals retailer. On their website there isn´t much information on ownership of the company or founders. However, I managed to find that the company has been in business for only 4 years on the BBB website, and there I also found Craig Kennedy as the only name connected to the company, on the BCA (Business Consumer Alliance) site I found a Mike Williams listed as the Manager of the company.
There is a phone nr to call and also a form you can fill out in order to get in contact with representatives of the company.
The only address presented on their website is: Reno, Nevada 89521
How does it work?
In short, this is a place where you either A: purchase gold and silver directly or B: buy gold or silver into a precious metals IRA
The products & services
The products are gold & silver in the for of mainly coins it seems that you can either purchase directly or within an IRA. There isn´t much precious metals displayed on their website though, not even on what IRA approved gold or IRA approved silver they got to offer.
Gold & Silver IRAs?
Yes, gold IRA services are offered by the company, it one of their main services. This is a good thing, as gold & silver IRA´s are a great way to hedge against inflation (as mentioned on their website), it also got some tax advantages as well.
What IRA custodians are they partnered with?
Again, there is no info on their website about the custodian (or custodians) they are partnered with, and plan to connect you with.
No info about this either on the Fairpoint Gold website.
Important to mention here: It is absolutely crucial that you know exactly what fees you are going to have to pay before you sign anything. There are so many horror stories online of people who get surprised with so-called hidden fees they had no idea of before hand. So please make sure that you know exactly what it is you are going to have to pay for beore you sign anything. What you want from a gold dealer and custodian is 100% transparency.
**See my #1 Recommended Gold & Silver IRA Solution (100% transparent & highest price buy back guarantee)
Can you sell back to the company?
Again, no info at all about this on their website.
How good is their support?
Something I put a lot of weight on when it comes to the support system of a company is i they got a live-chat function on their website or not. airpoint Gold do not have this. They got the form you can fill out and a phone nr.
Is Fairpoint Discount Gold Group a Scam?
So, is Fairpoint Discount Gold Group a Scam? Hard to say, no but seriously, I do not think it is a scam.
However, if it is the best place for you to invest in gold & silver is a whole other story… That leads us to what the most well-known and trusted, independent third-party consumer protection agencies have to say about them:
Fairpoint Gold Group Reviews, Ratings & Complaints
BBB (Better Business Bureau)
Rating: NOT BBB accredited click here for details (opens in new window)
BCA (Business Consumer Alliance)
Rating: A (from 0 reviews) click here for details (opens in new window)
Conclusion from these reviews
Well, as you clearly can see above there isn´t much to be found on Fairpoint Gold Group from the consumer protection agencies. What we found was basically zero reviews from their clients, and that it is not BBB accredited.
I don´t know about you but I would feel more comfortable doing business with a company with HUNDREDS of positive reviews on ALL of the above consumer protection agencies.
**See Top-5 Rated Gold & Silver Retailers (inside or outside an IRA)
PROs & CONs of Fairpoint Gold Group
- Offers both direct purchase as well as IRAs
- No negative reviews to be found online
- Very new business (founded in 2018 according to the Better Business Bureau)
- No info on what IRA custodians they are partnered with
- No info on their fee schedule on their website
- Not accredited by the BBB
- No ratings from the consumer protection agencies such as Trustpilot for example
Do you own or represent this company?
Are you an owner or representative of Fairpoint Gold Group, and have found something in this review to be un-correct then please tell us and we will make sure to update this page with the right information. The easiest way to contact us is by leaving a message to us in the comment section below, or by simply sending us an e-mail at: firstname.lastname@example.org
Final words & verdict
Overall rating: (2.5 / 5) (below average)
Ok, I think this sums up the overall view of this company pretty well. I think it is a legit one, however, the website lacks a lot of info and there is nothing to be found on them from the most well-known consumer protection agencies, other than it is not an accredited business by the Better Business Bureau.
So for now, I can not give a higher rating than a low, below average 2.5 out of 5 stars possible. This can, of course, change to eaither a higher or a lower score in the future as we make sure to update our reviews as soon as something new comes up on a particular company.
Ok, now what?
First of all, you did a wise thing to read this review and that tells me something about you, that you already understand the importance of doing your due dilligence and research before you invest. That is a good thing obviously, I just wish more people did that.
You are a smart person, and I am absolutely sure that you will find the right company to do business with and that suits your particular needs and that you feel comfortable to invest with.
Just make sure to compare the top-alternatives against each other and you will be fine!
See my #1 Recommended Gold & Silver Retailer (direct purchase and IRA)
See my Top-5 List of Gold & Silver Retailers (direct purchase or IRA)
I hope you found this short review on Fairpoint Discount Gold Group to be helpful and that you now got a better understanding on what it is and if it is something for you or not. Please share your own experience with this company in the comment section below as it can help others! Also, if you got any questions about this I would be more than happy to answer them below!
I wish you the best! (and lots of success)
Michael, founder of Gold Retired