What is GMRGold? Is it exceptional in its industry? Is it popular and reliable? These are questions that we shall be tackling in today’s review. Hopefully, by the time we are getting to the end of the review, you will have arrived at a decision whether GMRGold is one for you or not. The review will take the structure highlighted below:
- What is GMRGold?
- Which products does GMRGold offer?
- Can you sell your precious metal products to GMRGold?
- How will you get paid after selling your precious metals to GMRGold?
- Does GMRGold have offer precious metal IRA Services?
- What process should you follow to open your precious metal IRA with GMRGold?
- Is GMRGold genuine or is it a Scam?
- Pros and Cons
Name of the company: GMRGold
Official Website URL: https://www.gmrgold.com/
Overall Rating: (3.5 / 5)
Recommended: Not recommended
What is GMRGold?
GMRGold is one amongst the many precious metal investment companies that deal with a wide range of bars, rounds, coins, as well as other forms of bullion. The company’s excellence and capability to thrive in the present-day world can be attributed to their intent to uphold ethical business practices at all times, as well as their capability to offer expert guidance to clients who are out to achieve long-term financial security.
GMRGold has its headquarters in Woodland, Texas from where it operates with the full accreditation of both the state and federal governments. It has managed to establish a strong relationship with well-known national mints and precious metal distributors. Such business ties have made it easy for GMRGold to source even some of the very rare coins, at the fairest prices.
Which products does GMRGold offer?
As already introduced, GMRGold offers a wide variety of precious metal bullion, as well as certified coins. Their inventory is consistently expanding to meet the increasing demands of the customers. Currently, you can purchase precious metal products under the following categories;
- Popular Gold Coins –e.g American Gold Eagles, Gold Krugerrand, Queen’s Beasts, Chinese Panda Gold Coin, American Gold Buffalos, Canadian Gold Maple Leaf.
- Gold Bars and Rounds- from different manufacturers, and those with different weights.
- Popular Silver Coins e.g. American Silver Eagles, Silver Buffalo, Morgan Dollar, Silver Britannia, Silver Maple Leaf, The Queen’s Beasts.
- Silver Bars
- Silver Rounds
- Silver Commemoratives.
- International Silver.
- Popular Platinum Coins such as Platinum Eagle, Platinum Platypus, Platinum Maple Leafs, Platinum Koala.
- Platinum Bars and Rounds
- Other Precious metal products
- Rare Coins- Platinum, Copper, Gold, Palladium, Nickel, Silver and Copper-Nickel coins
- Silver Bullets & Coins From The Big Screen
- Copper Bullets and Copper Rounds.
- Bronze Challenge Coins e.g. law enforcement & Fire department
- Hand-poured Silver
- Palladium Bars and Coins
- Sterling Silver Jewelry
Can you sell your precious metal products to GMRGold?
Yes, it is possible to sell your precious metal products to this company, by simply following these simple steps:
- Call the support staff at GMRGold for a free consultation
The team at GMRGold will then organize for how it will assess your precious metal products. They will then send you the best offers within 2 days.
- Ship your precious metal products
Next, you should send your precious metal products to the headquarters. GMRGold strongly recommends that you utilize the services of a shipping company that offers shipping insurance as well as product tracking.
- The reception of the payment
Once your coins have been received and verified to be genuine, GMRGold will send you the due payment.
How will you get paid after selling your precious metals to GMRGold?
Upon the reception of your precious metals, GMRGold offers to send you the payment through any of the following options:
- USPS First Class Mail- no fees are charged for this option.
- Bank Wire Transfer- you will incur a fee of $25 for using this method.
- ACH Direct Deposit – this method is free but is only allowed for payments above $50,000.
Does GMRGold have offer precious metal IRA Services?
Yes. GMRGold has a team that is dedicated to helping customers create long-term financial security through the inclusion of precious metals in their investment portfolio.
In case you are wondering what a precious metal IRA has to offer, the main benefit is that it shields you from the unfavorable forces of the market such as inflation and the fluctuation of asset prices. Gold, silver, and platinum are physical ( or simply tangible) assets and cannot lose their value totally.
GMRGold allows you to invest your money through purchasing precious metals and investing them in traditional and Roth IRAs. At the end of the predefined investment horizon, you can either take possession of your precious metals or even cash them out.
What process should you follow to open your precious metal IRA with GMRGold?
GMRGold offers a simple 3-step process which anyone can follow to open a precious metal IRA, as highlighted below:
- Open A Custodian Account
GMRGold will help you buy, receive, and store precious metal in a custodial facility. This custodial facility is IRS-approved.
- Choose Your Investments
Decide the proportions of gold, silver, as well as other precious metal IRA products that you’d want to feature in your investment portfolio.
- Fund your account
GMRGold allows you to fund your account via:
- Wire transfer
- IRA Rollover
- Annual contributions.
You might want to see our Top-5 List of Gold & Silver IRA Companies on this page instead
Is GMRGold a Scam or Legit & genuine?
In my humble opinion, this company is 100% genuine. There is nothing about it on the internet that portrays it as a company that is out to rob unsuspecting clients off their hard-earned money. However, if it is the best alternative out there for you is another story… Let´s look into it.
In fact, a close look at the customer reviews on a platform such as Trustpilot (opens in new window) reveals that it is quite reliable. More than 90% of the customers who have given their views about GMRGold have referred to its services as excellent. Most of the customers also have talked about the support staff as being quite fast and professional.
The general attitude borne by customers to GMRGold is that it is a company that is trustworthy, and one that is keen on ensuring that everyone is satisfied.
How about the reviews and ratings from the BBB (Better Business Bureau) then? Well, a quick look will reveal that GMR is NOT an accredited business on the BBB website (opens in new window). It´s rating there is actually very low.
BBB rating: (1 / 5)
This company might do a good job of delivering valuable products and services to the market. Even so, I’d not fail to highlight that its collection of products is not as large as some of the leaders in the industry. Also, as you can see above, they are not accredited by the BBB, and that is a pretty big minus…
If you can find what you are looking for in the collection that GMRGold has to offer, then that is great. If you, however, are looking for a wider variety of precious metal products, you might want to have a look at what the leaders in the precious metal industry have to offer.
Note: We have constantly readers sending us e-mails and leaving comments on how they have been ripped-off and scammed in this industry, especially when it comes to so-called hidden fees. so please do your own research. You should ALWAYS compare different alternatives against each other anyways, before making any decisions.
Pros and Cons
It is always an intelligent move to compare the positives against the negatives to get a better overall view of something, right? As always in our reviews we provide you with some clear points on both sides of the spectrum:
- Impressive customer reviews
- IRA services offered
- Affordable services
- Excellent support staff
- The product selection may be a bit limited for those who are used to a wide variety of coins and bars.
Do You Own or Represent GMRGold?
If you are a representative, or associate of GMRGold 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 simply by sending an e-mail to firstname.lastname@example.org
Final Words and Verdict
Verdict: Legit (but NOT recommended)
Overall rating: (3.5 / 5)
GMRGold is a reliable company that is serving its customers efficiently so far. Generally, I think it is one that you can use if you are out to purchase or sell precious metals. Investors can also benefit from the IRA services offered to create a stable investment portfolio that can withstand the negative forces of the market. GMRGold might be good, but you can also have a look at what its competitors have to offer, just to see where you will get the best deal…. Got a feeling it might be elsewhere…
That’s all for the review about what GMRGold is all about. I hope that you gained value from it and that you are now better placed to make a decision about whether to rely on it or not. If you still have any questions about this company, you can leave them in the comments section- I’ll get back to you ASAP. That will be all for now.
Eric, investor, and team member on Gold Retired!