Today, we will review another investing company named GoldStar Trust. What is GoldStar Trust offer? We are always looking at whether it is a scam company or a legit one? Will it be something for you, or are there better alternatives?
Company: Gold Star Trust
Owner: John Johnson (President)
Price: Depends on your investment
Who is it for? Investors
Overall rating: (3.8 / 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 Goldstar Trust!
What is GoldStar Trust Company about?
With over two decades of experience and over 37,000 IRA accounts, and holding assets worth more than $2 billion, you can easily say that GoldStart Trust is one of the leading ones in its niche. However, the company offers other (investing-related) services as well.
The physical address of the company is: 1401 4th Avenue, Canyon, TX 79015
The list of the services offered is long below you got them all:
- Automatic rollover IRAs
- Church Bond Investments
- Church Finance
- Disbursing Agent
- Gamma Custodial Accounts
- Precious Metals IRA
- Privately Offered Investments
- Publicly Traded Securities
- Self-Directed IRAs
- Non-US Bank IRAs
As you can see above and as mentioned, IRAs are offered.
Below are the fees associated with that listed (screenshot from GoldStar’s website):
Important to mention here:
You need to know that most scam and ripoff reports in this industry are mostly related to so-called hidden fees. Goldstar provides a fee table on their website, and the annual storage fee is $100 minimum… What do they mean with minimum? could it be a concern…??
Many IRA custodians offer around $100-$300 per year also, the one I would recommend the most actually waive the fee entirely for up to your first three years, or if you are a “big shot” investor, they can waive the fee for ten years. Other than that, they got a no-nonsense approach that I appreciate alot + another unique thing that you might find very interesting as well…
Click below if you want to read more about the precious metal IRA company:
**See the #1 rated solution here instead!
Can you get the gold (and other metals) delivered to your home?
There is no info about this on the website. However, it is not allowed to store IRA gold at home, so if a precious metals IRA is the case then you cannot get it delivered home.
Can anybody in any country use the service?
This is also not mentioned on the site.
Not much information on the site?
I find the official website provides not much information at all. Also, there is no live chat to ask questions, so this review has been a bit difficult to create.
The reason for the info to be a little “thin” on the site does not mean that they want to hide something. It is much more likely that as they are so established and well known, they feel that they don´t need to write about every company’s detail on their site.
You can contact them by phone or mail with your questions if there is anything specific you want to know about.
Correct me if I am wrong, please.
Are you an owner, representative, or associated with the company? Please feel free to correct me if any of the details in this review is wrong or misleading, and I will revise, add or remove that. I update reviews on this site as soon as a change (that I know of) occurs.
The easiest way to contact me about this is in the comment section below or by sending an email to firstname.lastname@example.org.
Is Gold Star Trust a Scam?
So, is GoldStar Trus a scam? No, it is not a scam. It is a legit company. There is no way it would have survived this long if it wasn´t, right? However, if it is your best alternative out there is a whole other story.
Their overall reputation online is what you want to look at first of all.
One simple way to do that is by going over to the most well-known and trusted independent 3rd party consumer protection agencies, and see what ratings and reviews of Goldstar trust we find there:
Reviews on Goldstar Trust by their customers:
BBB (NOT an accredited business by Better Business Bureau)
Rating: (1 / 5) (out of 4 reviews) click here for details (opens in new window)
Rating: (3.8 / 5) (from 68 reviews) click here for details (opens in new window)
Rating: (1.5 / 5) (out of 20 reviews) click here for details (opens in new window)
Is this good results?
Not really, they are not an accredited business according to the BBB website, their Trustpilot score is pretty average, or maybe even a bit below average and complaints are to be found…
It, it is essential to mention that there are also some negative reviews from their customers. For example, below is an exact excerpt from one former client:
Gold Star, is less than professional. They are not upfront about their fees. I think they make them up as they go along.
I estimate this company has cost me over $1800. I won’t go so far as to call them liars, but I would never do business with them again, nor will I ever again make the foolish mistake of recommending them to friends. One friend has lost close to $20,000.
If I could give less than one star, I would.
Avoid them at all costs.
Here are another client’s same words:
If you put your money in a gold/silver IRA with this company, BE CAREFUL! Buy only bullion, not the Eagle Proof coins. WHY??? Because if you liquidate coins for cash, THEY TAKE A 35% FEE!!! That is criminal. GO SOMEWHERE ELSE.
There are also more negative reviews. If you want to read more of them, simply visit any of the links above (this particular one was from the Yelp website)
Keep in mind: Even mother Theresa got haters, and it is almost impossible for a company that have in business this long to not collect any negative comments during the years. It is important to mention that there are happy clients and good reviews as well, my job is to point out the red flags though, to help you make an informed decision.
**See my #1 Recommended Gold & Silver IRA Solution instead!
How´s the support?
The company’s support is listed on their website. You got a physical address, phone, fax nr, and e-mail address.
However, I think that a company of that size should have live chat support on their site, preferably 24/7 but at least during some hours of the day.
The official website doesn’t have that, which is a minus.
- $2 billion under management
- Over two decades of experience
- They boast over 35,000 IRA accounts-
- Offer a wide variety of “rare” investments and not only the “traditional” ones.
- Sliding scale fees are alone detractor as the costs of having an account that grows also increase.
- The support could have been better (live chat)
- I got some pretty bad reviews online
Why Should You (Or Should NOT) go with GoldStar Trust?
As always, I strongly recommend investigating alternatives before jumping on investment companies, are there better alternatives?
Well, I think so.
As I have reviewed many similar companies on this website, I am not saying that GoldStar Trust is a bad company or anything, just that you might find more benefits with another one.
Click here to see the top-5 ones we gave the highest ratings<==
Final Words and Verdict on Gold Star Trust
Overall rating: (3.8 / 5)
This is without a doubt a legit company and also, without a doubt, a good one. There are many different services to choose from, not only gold IRAs. They have also been standing strong for a long time now.
The reason for not giving a higher rating is the lack of info on the site, no live chat, no possibilities to get your investments delivered to your home, etc.
The bad reviews are hard to ignore also, especially the awful ones…
I feel that it is hard to give a higher rating than 3,8 out of 5 stars.
At least for now, and it feels fair.
It can change to a higher or lower one in the future as the reviews on this website are getting updated as soon as some “news” on a company comes up.
You have made a wise 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 (as you have read this far) understand this concept.
Want better alternatives?
Yes, you do! As I have made many reviews on gold investing sites and made new ones, I have investigated and found out which ones are most trusted, reputable, safe, and solid, offer the best deals, best services, etc.
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 the BBB. They are used by celebrities respected by well-known publications and websites.
And A LOT more UNIQUE benefits!
Click here for my #1 recommended gold & silver dealer AND IRA custodian!
I hope you found this short review of GoldStar trust 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 client (or former), please share your experience in the comment section below as it can help others. Also, if you got any questions about this review, I will be more than happy to answer them below.
I wish you success
Founder of: Gold Retired
Even if I am not ready to invest in Gold anytime soon, I just look into your article out of curiosity. Assuming I am about to take action I won’t go for GoldStar Trust. I further clicked on the top 4 investment sites. I am impressed with the extent of your research anyway. The information you provide is insightful and helpful. If I may ask one stupid question as a greenhorn to such investment, why should investors keep gold, silver or bullion in their homes? Wouldn’t there be a high-security risk? Can one keep them in the bank? Sorry for the kindergarten question. I am just curious and I wanted to learn something from you and increase my knowledge in this trade. Who knows? One day I may be tempted to invest in gold 🙂
I would say that now is a better time than ever to invest into gold as there is an economic ressecion just around the corner, when (paper) money looses worth gold will always rise..
If you want to start small just to get a hold of things I suggest you take a look on the first company on the top 4 list.
You do not need to keep it in your house, you can if you want though, if you want to have it in a bank you can have it there too of course.
Hop that helps 🙂
Its always nice when you find something you want to learn more about and someone has already done most, if not all, the legwork for you. Thank you for that. I agree that negative comments can scare people off. That leaves me searching for more answers. Glad you put the extra links here for other options. After perusing through the information you provided, it makes my job of deciding much more simple. Great job.
Thank you! Glad you found the article helpful,
Good article on gold star, it does sound like a legitimate opportunity and not a scam to rip people off but at the same time it does not sound to be as a good opportunity for the average person to invest their time and money into.
That is just my opinion, I have no experience with this company or know anyone who does. I just for me it is not a good investment, but someone else it might work well for them?
Yes sure absolutely, investing, or more correct gold investing is a VERY hot topic right now as the economy is a bit unstable… to say the least… There are many alternatives out there though, it is always important to do your research first though before going with a company
David Powell says
Can I transfer without penalty my IRA silver account from Goldstar to Regal Assets?
That is a very good question, have you asked about this in the live chat of RA? It might, of course, have to do with what rules Goldstar got also… Would suggest that you talk to RA first and ask them how to go at this.
Hope that helps?
Please, feel free to come back here and tell us how you solve this.
HI, I am glad I found your information. I am looking to do more with our money and thought I would check out the place I had been.
I have invested in the Church Bonds from Goldstar 10 years ago and I have had no problems. I have had very good yield and the only fees I had to pay was my $45 yearly maintenance fee.
My last bond just came due and I was very happy with the return I got vs money I put into it!
I am interested in what you are saying about gold!! I am will be looking into this!!!
First of all, thank you for your comment!
Happy to hear you have had a good experience with your church bonds,
please feel free to explore all the different gold investing alternatives we got on this page, we have something for anyone, no-matter what direction you choose to go.
Thank you again for your comment!