Today we will take a look at Blanchard and Company for you. What are Blanchard and Company? A scam or a legit company? Will it be something for you, or are there better alternatives? These are some of the main questions this review will focus on. Let´s go!
Company: Blanchard & Company
Website: www.blanchardgold.com
Owner: Family owned (Founded by Jim Blanchard)
Price: Depends on the amount of your investment
Who is it for? Precious metals investors
Overall rating: 
(3 / 5)
Important to mention (before we go into more details of this review)
We strongly recommend doing your research online before choosing a company to invest in. There are so many reviews online of clients being ripped off and scammed. So please investigate thoroughly and compare different alternatives before you make your decision.
One example: 99.9% of companies got “pushy” salespeople trying to stress you into acting fast.
Here is the thing, the #1 Recommended Gold & Silver IRA Dealer on our top-5 list got No-salesy representatives… So they won´t bother or terrorize you with phone calls.
You are a smart person, so I am sure that you understand the benefits of dealing with such a company instead, right?
+They got a couple more benefits you might appreciate as much as I do. You will understand yourself once you have visited the page (link) above.
==> See our Top-5 List of Precious Metals IRA Companies on this page <==
With that being said, let´s continue with the review on Blanchard % Company!
What are Blanchard and Company about?
Blanchard and Company were founded in 1975 by Jim Blanchard. More than 40 years later, the company is still family-owned by the Blanchard family. Since it opened up, it has served over 450,000 clients and transacted over $1 billion in sales, only in the last three years alone.
The physical address of the company is: 909 Poydras St #1900, New Orleans, LA 70112, USA
How does it work?
It is a gold and metal precious dealer where you can buy, store and sell.
The Products
The products offered are gold and silver coins and bars. If you want to hold gold or silver in an IRA, you can get help with that also from the company.
IRAs?
Yes, IRAs are offered. Blanchard Company has partnered up with GoldStar Trust, a savvy IRA custodian. On their website, you can read more details about how it works.
Below you got the fees associated with setting up an IRA with the company:
Important to mention here:
Other IRA custodians also have low yearly fees, AND some of them waive the first three years’ fees completely.
Can you get the gold (and other metals) delivered to your home?
Yes, you can, that is totally up to you.
Can you store your investment with the company?
Yes, they offer a wide range of storage options if you choose not to store your precious metals alone.
Can you sell back to the company?
Yes, Blanchard Company takes big pride in the fact that they are interested if you want to sell your investment back to them. However, they do not promise to buy every coin back from you.
Below is an exact excerpt from the Blanchard Company website on the subject:
Blanchard is a major buyer of rare coins, and it is typically our practice to offer to buy back coins that Blanchard has sold at the current market price should a client wish to sell the coins. If you wish to sell your coins in the future, Blanchard encourages you to offer them to Blanchard first, although Blanchard cannot guarantee to make a bid on every coin or that Blanchard’s bid will equal or exceed those from other coin dealers. Should Blanchard make a bid on your coins, it is Blanchard’s current practice, which is subject to change at its sole discretion, to offer to buy back coins that it commonly sells at Blanchard’s current bid price (the price at which it buys back coins sight-unseen from its clients). That bid price is raised or lowered daily, even hourly, depending upon various market conditions, Blanchard’s inventory needs, and the price and availability of comparable coins.
Can anybody in any country use the service?
No, their services are for people living in the U.S. only.
Are Blanchard and Company a scam?
So, is Blanchard Company a scam? No, it is not a scam. It is a legit company, of course. It would never have survived 40+ years if it wasn´t.
If they are among your best candidates to go and invest with, in gold and silver, it is another story, though… The reviews and ratings online on the company might help you write that story.
The online reviews and ratings and Blanchard Company complaints:
BBB (Better Business Bureau)
Overall rating: A+
Score: 4,56/5 stars (based on three reviews)
Trustlink
Overall score: 1/5 stars (based on one review)
Trustpilot
Overall score: N/A
Ripoff Report
Overall score: 2 complaints out of 2 reviews
Yelp
Overall score: N/A
Are there any red flags?
As you can see, the reviews and ratings are ok, not more.
However, they are not that many, to say the least, especially when you think about the fact that the company has been in business for more than 40 years.
Many other companies that offer the same kind of service got thousands of reviews and some of them with even ZERO (!) complaints, and that while they might have been in business for only half the time that B & C has.
==> Click here to read about a competitor that got hundreds of reviews and ZERO (!) complaints
Also, the Blanchard Company online complaints are pretty serious and also free for anyone to see.
Below are some screenshots from just a few of them. If you want to read more from each source, I provide links under the screenshot.
Click here to read more details (opens in new window)
Click here to read more details (opens in new window)
How´s the support?
One thing I always put a lot of weight on when it comes to the quality of the support of a company is if they have a live chat function or not. B & C does not have this.
That takes down the overall experience score of their support (at least in my book).
They offer an e-mail address and a phone number you can call with your questions and inquiries.
Why Should You (Or Should NOT) Join Blanchard and Company?
It is always good to weigh the pros and cons of a company with each other to get a better overall picture of it. Below I have highlighted some clear points to make this easier for you to do.
The Good
- 40+ years in business and served over 450,000 clients
- Buyback your investment
- Fair yearly storage fees
The Bad
- I got some pretty serious complaints online
- The website lacks support
- Yearly fees are not waived for the first 1-10 years (like some of its competitors do)
Do You Own or Represent Blanchard and Company?
If you are a representative or associate of Blanchard and Company and have found something not to be correct in this review, please, feel free to tell, and I will make sure to update the info on this post. The easiest way to do it is in the comment section below, or else you get the e-mail on the about page.
Final Words and Verdict on Blanchard and Company
Verdict: Legit
Overall rating: (3 / 5)
Ok, I think that sums up the overall picture of this company pretty well. It is absolutely a legit company. Its history and record speak for themselves.
However, it doesn’t get a higher overall rating than 3/5 stars. For now, the rare low number of reviews online is a warning sign (at least in my humble opinion), and also, the few that are online are not that impressive.
It can change to a higher or lower one in the future as this review gets updated as soon as some “news” on a company we have reviewed comes up.
It is easier to find complaints on Blanchard Company than finding positive voices.
You have made a smart choice reading this review as it is always recommended that you research and compare many different companies against each other before making an educated decision.
I Am sure that you will find an IRA custodian that is right for you as you clearly understand this concept (you wouldn´t have read this far if you wasn´t) 😉
As always, the choice is up to you!
Which Company Do You Recommend?
If you are looking for a reputable gold IRA custodian besides any other company, you should check out Augusta Precious Metals.
They have ZERO complaints from A LOT of real users. They are used by celebrities respected by well-known publications and websites. It waives the yearly storage fee up to your 3-10 first years and even a buy-back guarantee!
+ A LOT more benefits!
==> Click here to see for yourself why Augusta Precious Metals is our #1 Recommendation <==
I hope you found this short review on Blanchard and Company to be helpful, and now you should have a better understanding of what it is and if it is something for you or not. If you have used any of the company’s services, please share your experience below to help others. Also, if you got any other questions about this review, I will be more than happy to answer them below.
I wish you the best!
Michael
Founder of: Gold Retired
Well yes, that’s where a lot of people go wrong. Especially when it comes to precious metals, there are of course a lot of non—legit companies out there. What you have to do is thoroughly research all these companies and choose the very best one that you can come up with. Don’t take any risks and thanks for the review
Thank you! Glad you liked the review and well said!
/All the best