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Blanchard Gold Review - Scam or Legit?

Our Blandchard Gold review aims to give Bear Lake Gold's expert opinion on this precious metal I.R.A. company and what it offers in the precious metals market. Our Blanchard Gold review will also give you quality details about the company's costs, leadership team members, IRA services, and product pricing.

We conducted this Blanchard Gold review using our standard precious metals IRA Company Review Methodology. In addition, we communicated with some of the company's management team members, staff, and offline and online customers.

When we investigated the company through these sources, the information we got discovered does not allow us to rate them as one of our best thirty gold I.R.A. dealers in the industry. If you are interested in knowing what we found about this company, please read this review till the end.

As a professional review company, Bear Lake Gold wants to provide you with the necessary information you will need to make informed precious metal investments because we care about your financial security.

We have successfully put together reviews containing details about the companies that, in our opinion, are the top three gold I.R.A. dealers in the industry.

Before classifying these companies as the first three in the industry, we passed them through our standard review methodology.

Amazingly, they passed all the checks on our review standards. Hence, we have recommended them as the best companies through which you can grow wealth ahead of your retirement.

The companies we have rated as the top three in the industry are Augusta Precious Metals, Goldco, and American Hartford Gold.

If you are interested in knowing why we rated these three companies first second and third in the industry after conducting reviews on them, please click the relevant button below to request a much more detailed summary of their offerings.

#1 Recommendation Best Overall Precious Metal Provider
Best IRA Gold information packREQUEST YOUR AUGUSTA GOLD GUIDE
#2 Recommendation Best  Gold IRA Based On Price
Best IRA Gold information pack REQUEST YOUR GOLDCO GOLD GUIDE
#3 Recommendation  Most Reliable IRA Provider
Best IRA Gold information packREQUEST YOUR HARTFORD GOLD GUIDE
Blandchard Gold Review Pros and Cons

Introduction to Blanchard Gold

Blanchard Gold (also known as Blanchard and in this article the company) has been a precious metals dealer in the industry for over forty years. It has helped many people invest their money to preserve value in the most terrible times of financial crises through these years. The company is a BBB (Better Business Bureau) accredited business.

When we spoke to one of its management team members, he told us that the company's goal is "to help people invest in precious metals so they can diversify their portfolios."

Blanchard (Blanchard and company) also sells rare coins to interested investors. These coins cannot be part of your I.R.A. (Individual Retirement Account) investment portfolio because they are almost always considered a risky type of investment by investors. According to one of the company's staff, Blanchard prides itself on honesty and integrity.

When we anonymously grilled several members of staff in the company, we thought they were highly skilled and knowledgeable about many aspects of the precious metal investment market.

When we contacted one of the recent customers of Blanchard, she excitedly told us that the company had people who knew so much about precious metals investment, their histories, and their various prices and values over the years.

Blanchard Gold has its headquarters in New Orleans, U.S.A. When we asked one of the company's team members about their stand towards educating its clients, she told us that the company considers informing its customers about gold and silver I.R.A. investments while investing in precious metals, a significant part of its business practices.

In addition to what the customer we contacted told us, she also mentioned that one of the employees she reached gave her information about the best precious metals investment strategy.

She said, “they taught me what it looks like to have a balanced investment portfolio when investing in precious metals.”

Blanchard Gold Management Team

Chairman – Donald W. Doyle, Jr.

The chairman of Blanchard is Donald W. Doyle, Jr. Donald received his first undergraduate degree from Notre Dame university. He moved on to get a degree in law in 1996 from the Law School of Tulane University.

After that, Donald became a member of the U.S Marine corps, and Doyle went on tours to Vietnam twice. In 1970, he was promoted to captain, after which he left the US Marines.

Later, Donald joined himself with an organization that fought for and supported the legislation allowing individuals to hold gold in I.R.A.s.

President & C.E.O. – David Beahm

David got his undergraduate certificate from New Orleans University. Then he went further to get his M.B.A. from New York's Ellis College. David Beahm joined Blanchard over ten years ago, and since then, he has held more than one position within the company.

David Beahm is very experienced in the precious metals business. Several media outlets like The Wall Street Journal and The New York Times have featured his expertise in the financial markets and precious metals investing.

What is Blanchard Gold Selling?

Precious Metals

Blanchard Gold is a gold dealer. You can also purchase other precious metals from its marketplace in the following categories:

  • Silver coins and bars.
  • Platinum coins and bars.
  • Palladium coins and bars.

The precious metals dealer also offers interested investors rare coins through its online marketplace.

Self Directed IRA

Blanchard Gold partners with GoldStar Trust Company to provide precious metals I.R.A services to interested investors. However, the company has a limited collection of IRA-eligible gold coins. Interested investors can also buy IRA-eligible precious metals from the company in silver, palladium, and platinum. Furthermore, the popular IRA-eligible precious metals you will find in Blanchard's marketplace are;

  • Canadian Gold Maple Leaf
  • The Gold American Eagle
  • The American Gold Buffalo
  • The Australian Gold Kangaroo
  • Austrian Silver Philharmonic coin
  • One-ounce Pamp Palladium Bar

Investors can also purchase IRA-eligible silver and gold bullion from Blanchard. Unfortunately, at the time of writing this review, we could not find any IRA-eligible platinum products on its website available for purchase.

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Storage Solutions

Blanchard Gold is not transparent about the storage solution it uses to store the precious metals of investors. After we could not get any answer about Blanchard's storage depository for owned precious metals, when we asked a customer care agent on the phone, we searched through the company's website for any storage information.

Sadly, we could not find any information on the company’s storage solutions. We do not know why a company with such longevity in the industry will keep its storage service so secret. However, we see this lack of transparency as a red flag.

Shipping

When we spoke to one of Blanchard's customer care representatives about the company's shipping regimen, he said, "We ship your order registered and insured through the United States Postal Service, U.P.S., or FedEx.  Once your order is shipped, you will receive a notification email from us containing your tracking number.

"Unless you live in one of the following states: Alabama, Arizona, Colorado, Idaho, Indiana, Iowa, Louisiana, Maine, Maryland, Massachusetts, Nevada, Virginia, and Wyoming, Blanchard may be required to charge tax.  Please consult your local tax regulations for clarification."

“For added security, a signature is required upon delivery.  If no one is available to sign, the carrier will leave a notification slip stating that an attempt was made to deliver your package.  The carrier will also attempt to redeliver up to three times before sending the package back to Blanchard.  If you know you will not be home to receive your package, please let us know and we can arrange to have your package held at the facility nearest you for pickup.” He added.

Buyback Services

The company offers buy-back services and its buy-back guarantee is very flexible. If you want to sell your bullion or rare coins to Blanchard, you can quickly get a quote from the company.

When you get a quote and send the products to Blanchard, it inspects the products through its team of numismatic professionals. The precious metals investment company recommends direct contact with it to get a quote for your investment-grade gold and bullion before they start the inspection process.

Blanchard Gold Costs and Fees

Precious Metals

It is entirely transparent about the cost of its products. Every precious metal listed for sale on the Blanchard company website has its price attached to it. Blanchard company website also displays the current market price of gold and silver. As of the time of writing this review, here are the costs of some of its bullion products.

  • 1 oz Eagle ($1,910.95)
  • 1 oz Maple ($1,815.24)
  • 1 oz Buffalo ($1,919.46)
  • 1 oz Gold Bar ($1,767.52)
  • British Sovereign ($474.00)
  • 1 oz Krugerrand ($1,789.85)

Precious Metals I.R.A.

Blanchard charges $25 to set up precious metals I.R.A. (self-directed IRA) for its customers. Then it charges an administration fee between $60 to $250 for I.R.As. In addition, the minimum purchase of precious metals products that you can make is $10,000.

The company charges a minimum of $100 as storage fees for your precious metal products.

Shipping and Insurance

When we asked the customer care representative about these fees, he said, "Once your payment has cleared, we will begin packaging your order.

All of our packages are carefully and discretely wrapped, typically in corrugated boxes, and do not indicate the contents inside or who the package is for. We have streamlined our charges and now offer a flat rate fee of $23 for orders up to $299 and free shipping for orders $300 or more."

How Do Customer Review Sites Rate Blanchards

BB Review and Customer Testimonials

A+

BBB reported one closed complaint in the last three years

Business Consumer Alllience Review

No Reviews Were Found

No Reviews Were Found

Google review

No Reviews Were Found

No Reviews Were Found

Facebook Reviews

4.2 out of 5 stars

The rating was from 55 customer reviews.

Trustpilot Reviews

No Reviews Were Found

No Reviews Were Found

Blanchard Gold Promotions

When we spoke to members of its customer care department, we asked about Blanchard's current promotions. They told us that the company is not offering any promotions to new clients.

If you want to invest in gold and silver I.R.A. through a gold dealer offering unique promotions for new customers, we suggest investing with Goldco. The company will give you up to $10,000 worth of silver for free if you qualify for a rollover.

 

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Pros and Cons of Blanchard Gold

Pros
Blanchard sells a wide variety of precious metals and also offers a Gold I.R.A. service
They have been in the industry for over 40 years
Their customer education program we rated as good
Cons
There are very few rating  or testimonials for this company of the key industry review sites and for a company who have been in business for 40 years we found this strange
We struggled to recruit past or current clients to survey and interview
We found the lack of transparency around their storage solution disturbing
We checked several times a too many products advertised on their website were out of stock
The ratio of positive reviews to negative reviews  did not meet our review standard

Blanchard Gold Review Conclusion

Bear Lake Gold will give its final thoughts on this gold I.R.A. company to conclude this Blanchard gold review. After our relentless investigations, we have concluded that Blanchard does not scam investors who are unsuspecting in the industry.  It sells precious metals and rare coins as a legitimate dealer.

We can say that Blanchard is not a scam because it has been in business for over 40 years, and it has a very transparent management team. However, we are highly skeptical about the company’s lack of transparency about its storage solutions.

Knowing where your gold, silver, platinum, and palladium is safely stored and knowing what security measures are in place to protect your deposits is, in our opinion, essential.

Lastly, we have concerns about Blanchard’s because the number of customer reviews and testimonials we could find on the world’s leading review sites were just too small for a company that has been in business for over 40 years.

Bear Lake Gold, as an expert gold I.R.A. review company, have evaluated most of the key players in this market. We annually produce our top ten list and our top thirty list of the best providers in the marketplace. Blachard Gold failed to get on either of these lists.

We have a strict set of review criteria and only three companies met or exceeded all our criteria, which is why we are happy to endorse any of the companies we have rated in our top three precious metal dealers.

Our Recommended Alternatives To Blanchard Gold

Our #1 Precious Metals & Gold IRA Company - Best Overall

Augusta Precious Metals is our best rated overall precious metals company

  • Customer care is exceptional
  • Pricing is highly competitive
  • Educational program second to none
  • The best FREE investment guide in the industry
  • Zero complaints on BBB & BCA
  • Free shipping on all orders

Our #2 Recommendation - Best For Promotions

Goldco is our second top rated gold and precious metal company. Having been top rated all of last year they were very close top Augusta Precious metals

  • Great promotional offers
  • Pricing is highly competitive
  • Educational program second to none
  • FREE investment guide in the industry
  • High buyback prices
  • Expert guidance provided by the team
  • First years fees waivered for new customers

Our #3 Gold & Silver Company -Great Prices and Great Customer Service

American Hartford Gold is our third top rated company.

  • A leading, recognized and trusted brand in the industry
  • A family owned and run business
  • Excellent customer service
  • Buy back guarantee
  • Free shipping
  • Promotional offers for new  customers
  • Transparent about cost
  • Diligent when it comes to compliance

 

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