This is a short review of Colorado Gold. What is Colorado Gold? A legit gold dealer or are you better off looking at other options? These are some of the main questions this short review will focus on. Ok, with that being said, let’s jump right into it!
Product: Colorado Gold
Owner: Family owned (Founder: Ron Stott)
Price: Depends on your investment (and the fees!)
Who is it for: Precious metals investors
Overall rating: (3.9 / 5)
Before we continue with the review it is important to mention that you should always review and compare different gold dealers and IRA custodians against each other before making a decision. The industry is filled with “questionable” players and it is most times in the so-called hidden fees where most scams and ripoffs take place, so transparency is what you want from a company. If you want to check out the absolute #1 rated precious metals dealer online click here.
Ok, with that being said, let’s continue with the review on Colorado Gold.
What is Colorado Gold – The Overview
Colorado Gold is a company that specializes in selling gold, silver, platinum, and palladium bullion coins and bars. It was founded in 1977 by Don Stott and is now run by his children, Melissa, Morgen, and David and his wife Cathy. Don is now retired but writes a weekly column for the Colorado Gold blog.
The siblings live in different states across the US with different time zones and they run their business from home which makes them more accessible during the day across the country.
This way their customers can reach them pretty quickly for questions and services. The Colorado Gold website offers prices and lists of precious metals and is very clear and easy to navigate.
Why choose Colorado Gold?
If you are only looking to buy and sell precious metals you can choose Colorado Gold. They have been in business since 1977 and their customers seem to be satisfied. It is a family business and they have good customer service and are available all through the day to help their clients with buying or selling precious metals very quickly and swiftly. Also, Don Stott seems to get a lot of good reviews (but also oddly few) for the way he dealt with his business (more about that below) and his column is very popular in the community.
You fill out a form on the website called the Client Agreement and when you feel like you are ready to buy you call them up on the phone and place your order.
You will get a trade number and be asked to send in the payment.
In a few days, your order will be at your house via UPS for you to sign. It is very simple.
One thing to remember when dealing with Colorado Gold is that they are not a real IRA custodian. They offer the service by referring to other IRA businesses, New Direction IRA, Self Directed IRA, and The Entrust Group.
Pros and cons
- In business since 1977.
- A+ rating with the BBB.
- Good customer service.
- No customer reviews found on Trustlink.
- Not a true precious metal IRA custodian.
- High storage fees.
Are there any red flags?
You should always review and compare different investment companies against each other before you make a final decision.
Below I have listed the most trusted and well-known review and rating sites online to see what score they have given Colorado Gold as this is a good indication of how good the particular company performs and treat their clients:
Score: No BCA accreditation.
Score: No ratings.
Score: No ratings.
Score: Not Listed.
Score: Not Listed.
Colorado Gold is a solid business that is doing their best to sell their products. They are available to reach for any questions and offer a clear view of the market prices. If you are looking for a company that can help you with buying any precious metals you can choose Colorado Gold to help you with your prospecting.
However, there is not a lot of information to be found on this company from their clients. It is odd that there is such a lack of reviews and ratings even though they have been in business for forty years. One other thing to have in consideration is the fact that they are not a true gold IRA company, they only suggest three other custodians for you to choose. The third negative factor that I found is that their storage fees are not mentioned at all on their website.
The last thing you want is so-called “hidden fees” as it is exactly where the scams and ripoffs normally take place in this industry.
So, my overall conclusion is that there are other companies out there that might be a better choice for you and if you are looking for the BEST GOLD IRA custodian, I would recommend you check out GOLDCO. They offer 100% transparency, the same products, and a little more for those who are smart enough to invest in gold for the future.
I hope you found this short review answered your question on what Colorado Gold is and that you found it interesting. Please, make sure to share your experience with us if you have used any of its services in the comment section below as it can help others. Also, if you have any questions about this review we will be more than happy to answer them below!
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I wish you the best life has to offer!
Writer and team member of Gold Retired.