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Gold State Gold and Silver Review

You have probably opened this Gem State Gold and Silver Review to learn about this precious metals company. Rest assured, you will get detailed answers to your questions.

Furthermore, we will give you other details that will arm you with the critical facts you will need to help you decide whether to do business with this precious metals company.

Seeking a handful of reviews about the best gold IRA company to do business with is one of the surest ways to begin your precious metals investment journey. However, you have to know the reviews you can trust.

Bear Lake Gold is an independent review company that provides our readers with unbiased opinions about precious metals companies. Many people who have invested in precious metals through our recommended gold IRA companies say they did so because our reviews were based on their interests.

We carefully craft our reviews with the interest of our readers at the center of all we do because our principal aim is to provide unbiased, fact-based opinions so you can compare all companies in the precious metals niche on a like-for-like basis.

We achieve these unbiased, highly awarded reviews through deploying our homed gold dealer review methodology. Our methodology ensures we can review any precious metals company independently, fairly, and comparatively.

Our review process, powered by our methodology, helps us give our readers the correct, thoroughly researched and fact-validated information to allow you to choose the best precious metal company that suits your needs to achieve your investment goals.

As part of our review methodology, we physically contact the leadership teams, staff members, and customers of the companies we review. Our reason for meeting these people online and offline is to interrogate them about these companies. The answers from these meetings help us ascertain how ethical, moral, and suitable these companies are for precious metals investments.

Therefore, the information you are about to find out about this company through this review will cover different aspects of the company, like its management team members, products and services, pros and cons, and what ratings they received on third-party customer rating websites.

Fundamentally, the details we will provide in this Gem State Gold and Silver review will answer these three questions.

  • Is Gem State Gold and Silver a scam or a legit company?
  • Would we suggest doing business with Gem State Gold and Silver?
  • Which companies would we recommend as the best gold IRA investment companies to do business with if we do not recommend Gem State Gold and Silver?

 

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Summary for Those Who Want a Quick Abridged Answer

The answers we got from our investigative questions drove us to conclude that Gem State Gold and Silver is legit and does not operate as a scam company.

However, in our professional opinion, we would not recommend the company for you to invest through because the answers we got were not satisfactory enough to make us rate them among our first thirty gold IRA companies in the industry.

You will find out why we have made these conclusions about Gem State Gold and Silver if you read till the end of this review.

However, one question remains unanswered, "Which companies would we recommend as the best gold IRA investment companies to do business with if we do not recommend Gem State Gold and Silver?" As a core aspect of our principal goal, we have carefully selected the companies we have rated as the top three precious metals investment companies in the industry.

These companies are Augusta Precious Metals, Goldco, and American Hartford Gold. We recommend these companies for precious metals investment because when we reviewed them subjectively using our homed gold dealer review methodology, they ticked all the boxes for the industry's most suitable, ethical, and moral companies.

We have also provided details about these companies in three separate review documents. These guides are free, detailed, complete, and straightforward to understand. If you want them, please click the relevant buttons below to download them. We promise you that they will be worth your time.

#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
Gem State Gold and Silver Review

Company Name

Introduction to Gem State Gold and Silver

Gem State Gold and Silver is a trusted precious metal firm in Boise, Idaho, United States. It buys, sells, and assays precious metals. The owners of the company founded it in 1990 in Texas. In 2006, they moved the company to Boise. Then in 2007, it became an LLC in Idaho.

Recently, Gem State Gold and Silver moved to another private location. When we asked the owners why they relocated, they told us they wanted a place that would allow customers to purchase gold and silver more discreetly. In their opinion, it is unsafe to see when customers buy gold and silver because of how valuable the precious metals are.

Furthermore, they told us that customers can still book appointments at any time of the day if they call on time. When we spoke to the customer service department, they told us that Gem State Gold and Silver office is always open from Monday to Thursday (9:30 am to 5:30 pm), Friday (9:30 am to 4:oo pm), and they are usually closed on weekends (Saturday and Sunday).

Gem State Gold and Silver Management Team

Marvin and Yvonne Tanner own and founded Gem State Gold and Silver, and they have been running the company and selling precious metals for over thirty years now.

What is Gem State Gold and Silver Selling?

Gem State Gold and Silver allows customers to do the following:

  • Purchase precious metal bars and coins from their Boise Vault.
  • Sell their precious metal bars and coins to the company.
  • Sell their old and broken gold and silver jewelry to the company.

Gem State Gold and Silver also offer the following services to customers.

  • Meltdown customers' old pieces of jewelry into bars.
  • Use an energy dispersant x-ray fluorescent spectrometer to X-ray customers' items.

Gem State Gold and Silver Cost and Fees

When we visited the company's website, we did not find any details about product pricing there. However, the website shows the market's spot prices of gold, silver, palladium, and platinum.

Then, we contacted the customer service department to know how people get to know the prices of the precious metals they want. When we spoke to one of the agents, he told us that customers who want to buy precious metals from the company will have to call them at (208) 713-6345. Hence, for their precious metal products prices, they are not transparent.

However, we asked about the cost of performing their comprehensive energy-dispersant X-Ray. In reply to our question, the agent said, "We can perform a comprehensive x-ray small spot study on an item for only 50 dollars."

Products and Services Offered By Gem State Gold and Silver

Precious Metals

Gem State Gold Silver sells and buys gold, silver, platinum, palladium bars, and coins from and to interested investors. The company assays these precious metals using advanced technologies before purchasing from clients. It can buy these precious metals from clients in raw forms or as broken jewelry pieces.

According to one of the customer care agents we spoke with, Gem State Gold and Silver pays up to 94% for gold products. He said, "we are considered the largest silver and gold seller in Idaho. We have up to 15000 and 500 ounces of silver and gold, respectively, and these precious metals are safely stored in our vault at Boise."

"We also fix jewelry and sell and buy weapons and ammunition." He added.

When we visited the company's website, here is the information we got about buying precious metals from the company.

"We will not let any local dealer beat us on any legitimate price on new gold coins. We stock the most gold and silver in Idaho at our bank vault, and we can deliver in 24 hours when you buy."

"We have almost all forms of gold and silver coins and bars stored at our bank vault in Boise. We are the premium precious metal dealer in the Treasure Valley, where you can get about anything you desire. Suppose you want to deal, text us. If you do not leave a message, you will miss out on dealing with the best-connected dealer in western America. We offer appts Seven Days a week for hard-working people with odd work hours. Please leave us a message primarily via text, voicemail, or email. We will get back to you. Contact us at (208) 713-6345."

From all indications, there is no mention of the gold and silver products in the Boise vault. Hence, we can say that Gem State Gold and Silver is not transparent with products in their vaults through their website. You will need to call its office if you want a particular product.

Precious Metals IRA

Gem State Gold and Silver does not offer IRA services. It does not partner with a third-party IRA custodian and is not also an IRA custodian. If you are considering investing in a gold IRA, we recommend setting up your account with Goldco.

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Spectrometer Services

In 2021, Gem State Gold and Silver started offering Spectrometer services. The company uses advanced technology spectrometers to test for the authenticity of precious metals. Here are the various services that Gem State Gold and Silver offers through its spectrometer services.

  • Analyze various types of liquids, metals, elements, and powders.
  • Analyze gold and silver bars and coins to ascertain their purity, authenticity, and, ultimately, their values.
  • Dental gold analysis. That includes rare metals fillings and crowns
  • Analyze the quality and authenticity of various precious metal jewelry pieces to estimate the prices.
  • Measure different bars and coins' coatings and thicknesses to determine the quantity of metal composition.

In addition, you can rid garnets and black sand off your gold jewelry through Gem State Gold and Silver. The company uses advanced technology to separate sand and mercury from your gold products.

Furthermore, if you go to the company's website to check about its spectrometer service, here is what you will find, "our newest energy dispersant X-ray Fluorescent Spectrometer is the best on the planet. We are the only Gold Dealer in the United States that has spent $108,000 on a machine of this caliber. I can now study, map, or analyze any form of matter except gas. I am excited to have this new tool to evaluate your gold, silver, platinum, or palladium. I can tell you the plating thickness on an object in micrometers or micro inches. Determine oz per ton from your ore with the data I will provide. I can purchase your black sand or recover the gold from it for you. Think of the possibilities."

How Do Customer Review Sites Rate Gem State Gold and Silver?

BB Review and Customer Testimonials

A+

No complaints in the last year

Business Consumer Alllience Review

No Reviews Were Found

No Reviews Were Found

Google review

No Reviews Were Found

No Reviews Were Found

Facebook Reviews

No Reviews Were Found

No Reviews Were Found

Trustpilot Reviews

No Reviews Were Found

No Reviews Were Found

Gem State Gold and Silver Promotions

We asked the customer care agent we spoke with about the promotions in the company. He told us that Gem State Gold and Silver is not offering any special promotions to new customers.

Suppose you want to purchase gold and silver from a precious metals company that offers mind-blowing promotions to new customers. In that case, we suggest you buy from Goldco. If you open an IRA (Individual Retirement Account) through Goldco and qualify for rollover, you will get free silver worth $10,000.

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Gem State Pros And Cons

Pros
You can see the precious metals products in their showroom and make your transactions discreetly
They sell gold and silver coins and bars
Gem State Gold and Silver can melt down your broken and old jewelry pieces and turn them into ba
They offer spectrometer services
Cons
They are not a BBB (Better Business Bureau) accredited business
They do not offer IRA services
The company's website is old, outdated, and not organized
They are not transparent on their website about precious metals prices
They have almost no review on third-party, public rating sites.

Gem State Gold and Silver Conclusion

Bear Lake Gold will give its final verdict on this company to end this Gem State Gold and Silver review. After thoroughly investigating this precious metals company, we discovered it is not a scam company. Gem State Gold and Silver is a legitimate company in Boise, Idaho. However, in our professional opinion, we would not advise you to invest in precious metals through the company for the following reasons.

First, they have almost no customer reviews on third-party rating websites. From our experience in reviewing companies, its lack of reviews could be because past customers did not have a good customer experience while dealing with the company. We could not find any reviews on BCA (Business Consumer Alliance), Trustpilot, Google, Facebook, and TrustLink.

The second reason we would not advise you to do business with Gem State Gold and Silver is its poor website. The website is unorganized and looks ancient. In addition, most of what you will see is text content written in capital letters almost all through. The design makes reading the content challenging. You will not find any image or link to show you the available gold or silver products in the company's inventory.

We will also not advise investing in precious metals through Gem State Gold and Silver because you will not see the prices for specific precious metals products on its website. In simple terms, they are not transparent about their product pricing. To get the details of any product you want to buy, you must call the company's office to know if it is available and how much you will pay.

Lastly, the company does not offer IRA services. Hence, if you consider adding precious metals to your IRA, Gem State Gold and Silver is not the right company.

Instead, you can invest through any of our top three gold IRA companies. These companies are Augusta Precious Metals, Goldco, and American Hartford Gold. These companies offer IRA services, are transparent about prices, and have plenty of positive reviews and ratings on third-party rating websites. Please see the 'Top Three Gem State Gold and Silver Alternatives' section below to find out more about our top three gold and silver IRA companies.

Our Recommended Alternatives To Gem State Gold and Silver

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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