Kevin Ashton
Hi there. Welcome to my Colorado Gold review.
In an era marked by financial uncertainty, the collapse of several major banks has sent shockwaves through the global economy. Naturally, this has left investors searching for secure and reliable avenues to protect their wealth.
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As traditional financial institutions falter, the appeal of precious metals, particularly gold, has surged.
This is where Colorado Gold, a reputable gold IRA company, comes into play.
Offering a tangible asset that historically retains its value, investing in a gold IRA through Colorado Gold provides a robust hedge against economic instability and inflation.
But is the company worth it? Are they reliable enough?
Can you trust them with your retirement savings?
The recent banking crises have underscored the vulnerabilities of the modern financial system.
When banks fail, the ripple effects can be devastating, impacting everything from personal savings to retirement funds.
In contrast, gold has stood the test of time as a stable store of value, immune to the pitfalls of digital and paper assets.
Colorado Gold specializes in helping investors navigate these turbulent waters by facilitating investments in gold IRAs, ensuring that your retirement savings are safeguarded against economic downturns.
In my Colorado Gold review, I’ll talk about their products, fees, pricing, reviews, complaints, and more.
The Best Gold IRA Companies In 2024
Before I get started with this review, I want to inform you that I have reviewed dozens of precious metal IRA companies over two decades, and I have curated a list of the top 6 gold IRA companies in 2024. I highly recommend reading this article before proceeding with an IRA transfer.
The #1 Best Gold IRA is Augusta Precious Metals, with its A+ rating from Better Business Bureau, hundreds of 5-star reviews, and lifetime account support. Read my review on Augusta Precious Metals, or visit the official Augusta website to learn more.
About Colorado Gold
Don Stott launched Colorado Gold, a Montrose, Colorado-based precious metals trader, in 1977. Buying gold, silver, and platinum from this family-run company has earned it a solid reputation. The company’s longevity says volumes about its sturdiness and the value it offers to its clients. Don’s kids still operate the business, so his individualized customer service heritage endures.
The commitment to education of Colorado Gold is one of its defining characteristics. Every week, the company publishes a column on its website that provides clients with information about the precious metals market to enable them make wise judgments. It is evident from this dedication to openness that Colorado Gold puts its customers first.
Colorado Gold Products:
Colorado Gold has been in the precious metals industry since 1977. Since then, they have gained a deep understanding of what precious metals investors prefer.
As a result, you can expect to find almost all the gold, silver, platinum and palladium products here.
Rarely do companies focus this much on their product catalogs.
Some similar examples include Boston Bullion, Beverly Hills Precious Metals, and Gold Alliance.
While the examples of collectible coins can be endless, I can share a list of the IRA-eligible products you may find here:
Gold Products
American Gold Eagle Coins
- These coins are popular due to their recognition and liquidity. They are produced by the U.S. Mint and are available in various sizes.
Canadian Gold Maple Leaf Coins
- Known for their high purity and detailed design, these coins are issued by the Royal Canadian Mint.
American Gold Buffalo Coins
- These are made of 24-karat gold and are another highly recognized product from the U.S. Mint.
Austrian Gold Philharmonic Coins
- Issued by the Austrian Mint, these coins feature a beautiful design and high gold content.
Australian Gold Kangaroo/Nugget Coins
- These coins, issued by the Perth Mint, have annually changing designs, making them unique each year.
Gold Bars and Rounds
- Produced by NYMEX or COMEX-approved refineries or national government mints, these products must meet minimum IRS fineness requirements of 99.5% purity.
Silver Products
American Silver Eagle Coins
- Available in both bullion and proof forms, these coins are the official silver bullion coin of the United States.
Canadian Silver Maple Leaf Coins
- These coins are highly regarded for their purity and detailed design, issued by the Royal Canadian Mint.
Austrian Silver Philharmonic Coins
- Issued by the Austrian Mint, these coins are known for their high silver content and beautiful design.
Australian Silver Kookaburra Coins
- Known for their changing designs and high purity, these coins are issued by the Perth Mint.
Mexican Silver Libertad Coins
- These coins feature iconic designs and are issued by the Mexican Mint.
Silver Bars and Rounds
- Similar to gold bars and rounds, these are produced by NYMEX or COMEX-approved refineries or national government mints, meeting the minimum fineness requirement of 99.9%.
Additional Products
- Platinum Products
- American Platinum Eagle Coins
- Canadian Platinum Maple Leaf Coins
- Platinum Bars and Rounds produced by NYMEX or COMEX-approved refineries.
- Palladium Products
- Canadian Palladium Maple Leaf Coins
- Palladium Bars and Rounds produced by NYMEX or COMEX-approved refineries.
Hassle-Free Buyback Policy:
For its clientele, Colorado Gold backs a buy-back program. The business levies a 1% fee for assisting clients with their buy-back policy if the goods were not sold by them.
Why Their Buyback Policy is So Useful:
A buyback policy can significantly benefit gold IRA investors in several ways:
1. Liquidity
A buyback policy ensures that investors can easily sell their gold assets back to the dealer when needed. This liquidity is crucial for investors who may need to quickly convert their gold into cash due to financial emergencies or changes in investment strategy.
2. Fair Pricing
Reputable gold IRA companies such as Colorado Gold offer buyback policies at competitive market prices, which helps investors avoid the potential pitfalls of selling their gold on the open market. This assurance of fair pricing protects investors from losing value on their investments due to unfavorable market conditions or predatory buyers.
3. Ease of Transaction
Buyback policies streamline the process of selling gold, making it straightforward and hassle-free. This ease of transaction is particularly beneficial for retirees or less experienced investors who might find the process of selling precious metals on their own daunting.
I’m sure that the leadership of Colorado Gold was quite aware of this benefit. This could be a big reason why they have such a helpful policy in place.
4. Security and Trust
In my experience, I have noticed that a robust buyback policy can also enhance the trust between the investor and the gold IRA company. So, knowing that the company stands ready to repurchase the gold at a fair price can provide peace of mind and a sense of security, reinforcing the investor’s confidence in their choice of IRA provider.
5. Investment Flexibility
The ability to sell gold back to the dealer gives investors greater flexibility to adjust their portfolios in response to market changes or personal financial needs. This flexibility can be critical in managing a diversified and responsive investment strategy.
6. Avoidance of Additional Costs
By selling their gold back to the original dealer, investors can often avoid additional costs such as third-party broker fees, shipping, and insurance, which can eat into the returns on their investments.
7. Compliance and Documentation
Gold IRA companies with buyback policies typically handle all necessary paperwork and compliance issues, ensuring that the sale adheres to IRS regulations. This compliance helps maintain the tax-advantaged status of the IRA and simplifies the transaction process for the investor.
In summary, a buyback policy provides gold IRA investors with liquidity, fair pricing, ease of transaction, security, investment flexibility, cost savings, and regulatory compliance, all of which contribute to a more secure and efficient investment experience.
As you may guess, I find it quite impressive for them to have this policy.
Best Gold IRA Companies I’ve Worked With Yet (In 2024)
If you’re seriously looking to invest in precious metals or open a gold IRA, these are the companies I believe you should go with. My experiences with all 3 of them have been excellent.
Augusta Precious Metals (Best for Investments Over $50,000)
Augusta Precious Metals ranks as the #1 gold IRA company in the US. And that’s for good reason.
They have some of the best product catalogs with gold, silver, platinum, and palladium products to offer. But the main highlight is their dedicated web conference and the added focus on client education.
Augusta has an A+ rating on BBB, 1000+ client testimonials, and has been awarded “Most Transparent Company” in 2023 by Investopedia.
No other company puts as much focus on educating their clients about the different aspects of gold IRAs as they do.
My own experience with them was amazing to say the least.
However, their minimum investment requirement is $50,000 which limits the number of people who can open a gold IRA with them. Still, if you have the budget, you shouldn’t look elsewhere.
Goldencrest Metals (Best for Gold Investments)
Run by an actual financial advisor, Goldencrest Metals is another reliable name in the gold IRA industry.
Although they seem new, the team behind the company has been in the finance sector for decades. You would be surprised to see the level of expertise and knowledge these guys have.
My interaction with them was eye-opening. I learned a lot about precious metals through Goldencrest Metals.
That’s why they are my 2nd best suggestion for those interested in gold IRAs.
Preserve Gold (Best Customer Support)
Preserve Gold is a well-established name in the precious metals industry now.
I have talked to several of their clients and all of them praise their excellent support staff. The level of attentiveness and care I noticed there was surprising.
Preserve Gold is one of the few companies that, I can say with confidence, are 100% client-focused.
You’d love to talk to them if you’re new to precious metals investing.
Colorado Gold Fees and Pricing:
Although Colorado Gold has a variable annual cost, most clients are happy with the pricing the company charges. If the clients did not sell the things they bought, the corporation charges a minimum of 1% for helping them with their buy-back policy.
For orders less than $50,000, they charge 1% as fees and purchase all of the A-marked precious metals. The business levies 0.75% for orders over $50,000 and 0.5% for orders over $100,000.
Clients must sign legal documents and finish payment within seven days in order to make purchases.
Colorado Gold Reviews and Complaints:
Although Colorado Gold has been in the industry for multiple decades, there aren’t many reviews on the company online.
Maybe they haven’t focused that much on their online presence.
However, I did find one Colorado Gold review on their BBB profile.
The BBB rating of Colorado Gold is A+. But their profile doesn’t have an accreditation. A notable highlight is that the company hasn’t received any complaints on its BBB page.
Here’s the review I found:
Robert shares that he has been dealing with this company for many years.
However, he has noticed that Colorado Gold is unmatched. He highly appreciates this bullion dealer and ends the review by recommending it to others.
Are There Any Colorado Gold Complaints?
Apart from their BBB page, I checked other consumer platforms as well.
I didn’t find any Colorado Gold complaints online. Certainly, this family-owned business knows how to help its customers with their disputes and queries.
As a result, there aren’t any complaints available on them online.
I found several other companies that don’t have any complaints online. One example is American Coin Co and another is Augusta Precious Metals.
FAQ for Colorado Gold Review
Q1: What is Colorado Gold?
A1: Colorado Gold is a reputable gold IRA company based in Montrose, Colorado, established in 1977 by Don Stott. It is a family-run business known for selling gold, silver, and platinum, and it has built a solid reputation over the decades.
Q2: What types of products does Colorado Gold offer?
A2: Colorado Gold offers a wide range of precious metals, including:
- Gold Products: American Gold Eagle Coins, Canadian Gold Maple Leaf Coins, American Gold Buffalo Coins, Austrian Gold Philharmonic Coins, Australian Gold Kangaroo/Nugget Coins, and Gold Bars and Rounds.
- Silver Products: American Silver Eagle Coins, Canadian Silver Maple Leaf Coins, Austrian Silver Philharmonic Coins, Australian Silver Kookaburra Coins, Mexican Silver Libertad Coins, and Silver Bars and Rounds.
- Platinum Products: American Platinum Eagle Coins, Canadian Platinum Maple Leaf Coins, and Platinum Bars and Rounds.
- Palladium Products: Canadian Palladium Maple Leaf Coins and Palladium Bars and Rounds.
Q3: Does Colorado Gold offer a buyback policy?
A3: Yes, Colorado Gold offers a buyback policy. They charge a 1% fee for assisting clients with the buyback if the products were not originally sold by them. This policy ensures liquidity, fair pricing, ease of transaction, security, investment flexibility, avoidance of additional costs, and regulatory compliance for gold IRA investors.
Q4: How does Colorado Gold help investors with educational resources?
A4: Colorado Gold is committed to educating its clients. The company publishes a weekly column on its website that provides information about the precious metals market, helping clients make informed investment decisions.
Q5: What are the fees and pricing for Colorado Gold?
A5: Colorado Gold charges a variable annual cost. For orders under $50,000, they charge a 1% fee. The fee reduces to 0.75% for orders over $50,000 and 0.5% for orders over $100,000. Clients must sign legal documents and complete payment within seven days to make purchases.
Q6: What do reviews and complaints say about Colorado Gold?
A6: Colorado Gold has an A+ rating on the BBB but is not accredited. The company has received very positive reviews, with no complaints reported on its BBB profile. Customers appreciate their personalized customer service and trustworthiness. However, there are not many online reviews available.
Q7: How does the recent collapse of major banks impact the appeal of investing in a gold IRA?
A7: The collapse of major banks has heightened financial uncertainty, making gold IRAs an attractive option for investors looking to safeguard their wealth. Gold is a stable store of value that is immune to the pitfalls of digital and paper assets, providing a robust hedge against economic instability and inflation.
Q8: What makes Colorado Gold stand out from other precious metals dealers?
A8: Colorado Gold stands out due to its extensive industry experience, commitment to client education, and family-run business model, which ensures continuity and trust. Their weekly market updates and educational resources empower clients to make informed investment decisions.
Q9: What should investors consider before choosing a gold IRA company?
A9: Before choosing a gold IRA company, investors should conduct extensive research, compare catalogs, fees, and discounts, and read reviews and complaints. It is crucial to understand the company’s buyback policies, storage options, and overall reputation to make an informed decision.
Conclusion
That’s it.
We have now reached the conclusion of my Colorado Gold review.
Colorado Gold sets itself out by its extensive industry experience and dedication to client education. For consumers to make wise investing decisions, their weekly market updates include the most recent news and analysis. Colorado Gold stands out from other dealers who could put sales ahead of information sharing because of its emphasis on education, which empowers clients.
Their multi-generational family business model also guarantees the preservation and transmission of their trust and experience, providing a degree of continuity uncommon in the current industry.
With Colorado Gold, investors gain access to expert advice, a wide selection of IRA-eligible precious metals, and secure storage options, making it easier than ever to diversify and protect their portfolios. As the financial landscape continues to shift, the advantages of investing with Colorado Gold become increasingly clear: security, stability, and peace of mind in an uncertain world.
However, before you choose any company, I recommend doing extensive research first.
There are plenty of gold IRA companies with various catalogs, fees, and discounts. Be sure to check out more options before finalizing your choice.