Today we shall take a look at an investment site named Gold Broker. What is Goldbroker.com all about? What investment opportunities does it offer? Does it allow you to invest in gold only? Is this a legit opportunity worth checking out? I believe this will be one interesting review, so here we go!
Company: Gold Broker
Founder: Fabrice Drouin Ristori
Price: Depends (minimum order starts at $5,000)
Who is it for? Precious Metals Investors, Retirees
Overall rating: (4.5 / 5)
Essential 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 intelligent, 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 Gold Broker!
What is Goldbroker.com about?
Goldbroker.com is not a brand new website. It has been online since 2011 and has gained an excellent reputation among investors all around the world. In short, the website allows you to invest in gold, silver, platinum, and palladium in the form of bars and coins.
(History and founder)
The founder Fabrice Drouin Ristori is a French Investor who graduated from Kedge Business School in France in 2004. After that, he moved to Malta, where we started with two companies in the online gaming world. He later sold and started his own private investment company named FDR Capital Ltd.
This was the start of his Investor career, which led him to start this successful company that investors love!
What made this company different from its competitors (as there were other storage companies at the time) was that it offered its Investors a solution to store gold and other precious metals in their name without exposure to intermediation risks. This was something that the different storage companies didn´t have and explained the great success Fabrice had with his new company.
It is still one of the very few storage companies that offer direct storage of physical gold and other precious metals.
That means that the clients have a storage account opened in their name and that Goldbroker.com doesn´t store for its clients.
How Does it Work?
First of all, you create your free account on their website.
The website is very user-friendly and easy to understand. The process to start investing is very simple and well explained in 4 steps on their website.
As you can see, it is not a complicated process at all to invest in this company.
What happens next?
Want to feel your Gold and Silver in your Hands?
As I mentioned above, you can store your gold and silver in your name or get it delivered to your door if you want to keep it yourself in some safe or some other place. If that is something you want, there are no shipping fees for the delivery if you are living in the United States.
International shipping rates depend on the final destination and also on the weight.
You can ask how much it would be in your particular case on the website.
Can you sell back to the Company later on?
Yes, you can! If you, for some reason, want to sell your precious metals back to the company you purchased them from in the first place, they will gladly repurchase them from you.
How does that work?
If you want to sell back gold (or any other precious metals) stored for you, the company takes a 1% Commission (with a minimum of $75).
If you want to sell back any precious metals in coins, the company will repurchase it between 1% and 11% ABOVE spot price without any other commission.
The factor that will decide the percentage is the condition your coins will have, so a good idea will be to keep them in the best condition…
So… Try to resist the temptation to swim in your coins and throw them in the air, letting them rain down on you 🙂
Can anyone from any country invest?
They do offer international shipping, the countries allowed are listed on the website, there were too many to write them all here, but you can see that on their website.
Does GoldBroker offer IRA service? Well, they used to have that service but it looks like it is no longer available on their website, se we are going to assume it is not longer a possibility.
Is Goldbroker.com a Scam?
As we always do when we write a review on this site, we make sure to provide you with red flags of programs.
So, is Gold Broker a scam or a legit site? No, it is not a scam, it is legit, Everything is transparent with the program, and as mentioned earlier, they do not store your physical metals for you. You do that yourself in YOUR name.
However, this is not the only proof that the site (company) is legit. The parameters you want to look at to decide the quality of a company is by looking at what the most well-knwon and trusted, independent third party consumer protection agencies have to say:
BBB (Better Business Bureau)
Rating: NOT accredited click here for details (opens in new window)
Rating: (4.8 / 5) (from 36 reviews) click here for details (opens in new window)
BCA (Business Consumer Alliance)
Conclusion from the above ratings
The consumer protection agency that I always put the most weight on, due to the fact that only real customers can leave their testimonials there, is Trustpilot. As you can see above Goldbroker.com hav a very good overall rating there, from 36 customer testimonials. Other than that we didn´t find much, other than it is not an accredited business by the BBB, that could be a potential red flag but it doesn´t have to be.
As mentioned, I always put the most weight on Trustpilot, those ratings are the most important in my opinion. Goldbroker have a very impressive rating there.
Why Should You/Or Not Invest?
As always, I do not recommend everyone to invest, it requires you to have some money to invest, of course, and if you are someone that struggles from month to month with bills and plan to support your “grocery money” into buying gold (or any other investment), I would not recommend you to invest. Please DO NOT do that.
However, if you got money to invest and maybe even are looking for something safe and stable to invest in, then I would say that gold (and other precious metals) is probably your best option.
This is not my discovery but rather a historical fact. Gold has always been and will always be an intelligent investment, especially in a time when paper money loses its worth. Gold WILL rise.
It can also be wise to act now as we are heading into an economic recession soon. History has proven it to occur every 7-9 years, so it is just around the corner. Experts have predicted this one to be the worst ever… Are you prepared for that? Will you lose your business? Will you lose your house? Will you be able to provide for your family when it strikes?
If you are sitting on gold (instead of money in the bank), you will be in a far better position.
Final Words and Verdict
Overall rating: (4.5 / 5)
I have made my point pretty clear on this one. This is a hundred percent legit investment company that allows you to invest in gold, silver, platinum, and palladium.
Your investments are physical assets that you will store in your name.
This feature is rare in the gold storage industry and something that I understand why people appreciate. It is, of course, also one of the reasons for the high rating given.
As always, it is up to you, but if you are looking for a significant investment and want to play it safe, then I cannot come up with a better alternative than investing in gold, silver, or maybe even into any of the other precious metals available to buy by using the service of the GoldBroker company.
I hope you found this review of Gold Broker 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 are an active investor, please feel free to share your experience in the comment section below! Also, if you got any questions about this post, I will be more than happy to answer them below.
I wish you success
Founder of: Gold Retired