This is a brief review of Kitco Metals Inc. What is Kitco Metals? Are their clients satisfied? What makes them stand out from all the other companies? Let´s dig in and find out!
Product: Precious metals investments.
Owner: Bart Kitner
Price: Depends on what you are buying.
Who is it for: Investors.
Overal rating: (1 / 5)
Important to mention before we continue with the review:
We always strongly recommend doing your research online before you choose a company to invest with. There are so many reviews online of clients being ripped of and scammed, especially when it comes to so-called “hidden fees”. So please investigate thoroughly before you make your decision.
**To see our #1 safe and recommended IRA custodian click here
With that being said, let´s continue with the review!
What is Kitco Metals – Overview
Kitco Metals is a Canadian bullion dealer with headquarters in Montreal, New York, and Hong Kong. Bart Kitner is the founder of Kitco and he started his entrepreneurial journey in the late 70´s as a college student who had an eye for business.
In 1995 Kitco.com was successfully launched and it was the first time the prices, trends, and news of the gold market were available for anyone who was curious.
How does it work?
The website is full of external links that lead you to where you want to go. If you are shopping for coins, for example, there is an online store that is found on the website where you can purchase the gold or silver of your choice.
The products and services offered
Bullion bars and coins in gold, silver, platinum, palladium, and rhodium including;
- Canadian Maples
- American Eagles
- Vienna Philharmonics
They have their own signature products that are .9999 fine silver products and pure gold bar.
The company also provides services as secure storages located in Canada and Hong Kong and helping out with placing precious metals in IRA accounts.
This is what they promise their customers:
- Efficient service.
- Transparent prices.
- A wide choice of products.
- Accurate market information available anytime and anywhere.
What about the fees?
The fees for the IRA accounts depends on which custodian you chose. Kitco offers 10 different companies that you can pick from.
Storage fees are based on the size and type of the precious metals stored.
How is the support?
They claim that the offer;
“World-class customer service, a willingness to go the extra mile and an internal culture of camaraderie are other ingredients in our recipe.”
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 Kitco as this is a good indication of how good the particular company performs and treat their clients:
Score: A+, not accredited with the BBB
Score: Not listed.
Score: Listed but no ratings yet.
Score: 5 (273 reviews)
Score: (1 / 5) (3 reviews)
Score: No reports.
Is Kitco Metals A Scam?
No, I can´t say that it is. It seems like a legit company. They have been around for a couple of years and seem to be doing a good job at selling precious metals.
Remember to always do your own research and make your own decision based on what your gut is telling you about the company.
Are there better alternatives out there?
YES! There are a few ones I would consider better alternatives, the absolute best one I can recommend is; REGAL ASSETS.
Regal Assets offer precious metals, cryptocurrencies, and Gold IRA to their clients with expert support. They have been in business for nearly a decade and received great reviews by their customers and gotten great scores on different online review and rating sites. It is easy to get started by going to their website where you find all the information you need to get going.
- Lots of facts, charts and numbers.
- Website difficult to navigate.
- Not easy to find the information you are looking for.
- Not a lot of customer reviews.
Final words and verdict
They say you shouldn’t judge a book by its cover and that is true in most cases. At first, glance Kitco Metals didn’t strike me as a sincere company. When I first saw the website my thoughts was that this company has to be a scam. The website is stuck in the 90´s and definitely needs an upgrade, there are too many pages, ads, and sponsored material. The external links that open up in new windows are annoying and made me want to give up on it. But then I found what I was looking for, it takes time and is not the best websites I´ve seen but it seem to be a real company.
In my opinion, a gold custodian should build trust with the client right off the bat. It is important that it is clear and easy to find the facts that you need. If it takes too long or if you can´t find what you are looking for it is likely that you’ll give up. In a modern world where the alternatives are many, it is extra important that the message you are trying to convey shines through in less than a minute. Maybe some people like the design of Kitco.com but for me, it brought down the experience and that is why my overall rating is a 1 out 5 this time around.
Overall rating: (1 / 5)
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I wish you the best life has to offer!
Writer and team member of Gold Retired.