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Bear Lake Gold has created this Golddealer Review page to answer most of the questions potential investors ask about these precious metals company.
Rest assured that we will answer many of the most important questions serious-minded investors have about this gold IRA firm. We will also give you more details about this company as you read through this document, which will help you decide whether it is best to invest in gold and silver through the company.
Bear Lake Gold as an independent organization aims to give its readers well-grounded, impartial and correctly updated information about the companies that we review. Our intention is to allow you, our reader, to weigh up these firms and to compare them on a comparable basis.
We employ our standard gold IRA dealer review methodology when conducting all our review processes and as a vital part of our review procedures, we reach out to major players in the companies that we evaluate. These people include the owners, staff members, clients, and members of its management team.
We form our unbiased standpoint from the information we get while interacting with these individuals. Through these details, we can ascertain how ethical, moral and suitable it is to do business with these companies. In addition, we use these details to evaluate how competitive these companies are in comparison to other leading providers.
Therefore, the information we will provide in this Golddealer review page will cover vital aspects of the company like its management team, cons and pros, products and services and how people have rated them on third party customer ratings sites.
We intend to use the information in this document to answer these three fundamental investment questions.
Summary for Those Who Want a Quick Abridged Answer
The responses from the people we spoke to about Golddealer drove us to the following conclusions about the company:
If you are interested in knowing why we came to these conclusions about Golddealer, please read till the end of this review.
Nevertheless, we still have one unanswered question: "Which companies would we recommend as the best precious metals & gold IRA investment companies?" We do not intend to leave you guessing about the best gold IRA companies in the industry, so we have carefully handpicked the best companies to invest through for your gold IRA.
Based on our professional opinion that is powered by the facts we got about these companies, we have rated them as the top three in the industry.
Our industry's top three precious metal IRA companies are Augusta Precious Metals, Goldco, and American Hartford Gold. When we evaluated all the details we got about these companies using our gold dealer review methodology, we found them to be the most suitable, ethical, and moral precious metal companies in the industry.
Bear Lake Gold has provided details about these companies in three different review guides. These documents will answer every important question about our top-rated companies. We ensured that these guides are straightforward to understand and free of charge. Therefore, we can guarantee you that getting and reading these documents will be worth your time. To get them, please click the relevant buttons below.
#1 Recommendation Best Overall Precious Metal Provider
#2 Recommendation Best Gold IRA Based On Price
#3 Recommendation Best Gold IRA Based On Price
Golddealer is a leading gold and silver bullion investment company. The company is also known as CNI (California Numismatic Investments), located at 525 W Manchester Blvd, Inglewood, CA 90301-1627, United States. Golddealer sells precious metal products and caters to investors who want to add precious metals like gold and silver to their Individual Retirement Accounts (IRA).
The company began operation in 1956, through the years it has kept selling available bullion and coins to interested investors. Golddealer sells its precious metal products at very competitive prices. The company also allows investors to sell their precious metals through it at fair market prices.
Golddealer has been doing business in the precious metals niche for over sixty years now, and CNI has helped a lot of investors set up and add precious metals to their IRAs.
Apart from precious metals, CNI sells valuable and rare coins, and it partners with a secure storage facility to keep its clients' metals safe.
Golddealer, as a gold IRA company, is a registered member of some professional associations in the gold IRA investment industry. These organizations are:
Golddealer is referred to as one of the oldest gold IRA investment companies in the United States. The company is well known for selling precious and rare metals, including;
Besides rare coins, you can also purchase limited mintage bullion from Golddealer. The company provides customers with live bullion quotes to aid them in the selection of their preferred precious metal products for purchase. When we spoke to one of the customer care representatives in the company, he told us that Golddealer offers free shipping to its customers, and it ships precious metals to any part of the world. The agent also told us that Golddealer sells metals at national price rates and does not charge its clients sales commissions.
When we asked about the kind of employees that the company has, one of the management team members told us that Golddealer works with a team of precious metal experts. The team comprises impartial professionals with experience in the gold IRA investment niche.
CNI runs an audio channel. Golddealer informs customers about precious metals and the industry in general through this channel. In addition, the gold news channel allows the company to share insightful information about the products and services it offers to new and existing investors.
Golddealer.com, as a precious metals broker, sells a wide range of gold, silver, platinum, and palladium products. The company also has other products like mintage bars and rare metals available for purchase. In addition, Golddealer sells famous IRA-eligible precious metals to interested investors.
According to the agent we spoke to about selling back precious metals to Golddealer, investors who decide to sell their metals to Golddealer get total customer satisfaction on their graded, professional, and rare coins.
The prices change daily for bullet coins, allowing interested investors to purchase these coins based on current price bids. However, this price fluctuation can be a huge disadvantage to sellers because they can sell at a loss during this fluctuation process.
The president of Golddealer.com is Richard Schwary. Richard has been in the precious metal investment industry for at least 40 years. Richard worked with Ken Edwards, who served as the vice president of Golddealer for 37 years. However, Ken passed on in 2018.
Richard Schwary is a member of the Numismatic Literary Guild and the American Numismatic Association. He was part of the team that wrote the tax laws on the sale of coins in California, especially regarding bullion and rare coins.
Richard was the first to propose surety bonds for dealers during trades with the Bullion Merchants Association Minnesota. Being an expert with rare coins, Richard is part of the writers of "A Guide Book of US Coins," a book on precious metal investments.
The CNI catalog has a variety of products in gold, silver, platinum, and palladium categories. Golddealer.com also sells rhodium bullion bars. In addition, the CNI website has a section dedicated to "Certified Rare Coins." Under this section, there is a sub-section that contains "Pre-1933 U.S. gold & silver."
Some of the available coins that you will find in the CNI catalog are;
CNI also offers IRA services. It partners with an IRA custodian to provide IRA services to interested investors.
When we spoke to another customer care department agent about Golddealer's products and services pricing, he told us that the company is very transparent with its pricing. According to him, customers can select from the various available payment options when they want to order. Some payment options available to customers are the payment processor and wire transfer methods.
He said, "Please review these payment options when purchasing metals or placing your orders and only choose the payment option that is very convenient for you."
Below are the fees for various services that CNI offers.
CNI sells famous precious metals that customers can comfortably add to their self-directed IRAs. However, Golddealer is not an IRA custodian and does not operate a secure personal depository for storing customers' precious metals. Instead, CNI partners with Equity Trust Company to provide IRA custodianship for interested investors.
Some of the IRA-eligible precious metals that you will find in CNI’s catalog are:
CNI offers interested customers other services that can increase their experiences, like free appraisals, market insights, expert rare coin council, and highly competitive purchases.
Golddealer is different from other precious metal companies that specialize in selling only gold and silver products. The company has a variety of products in the gold, silver, palladium, and platinum categories, which gives it a competitive advantage over others. It sells rhodium to interested customers.
CNI sells different gold bullion products. These products are in various sizes, between 1 Oz to 1 kilogram. The recommended weight of these gold bars, as well as their purity, come from private manufacturers. You can also purchase and sell various bullion gold coins manufactured by independent countries from and to Golddealer.
The CNI catalog also has a variety of silver bullion coins and bars. Some of the popular silver bullion you will find in the catalog includes the following:
You can purchase a wide variety of platinum coins and bars from CNI. Some of the famous platinum products you will find in the Golddealer catalog include the following:
Lastly, interested investors can purchase these other products from Golddealer.
For storage solutions, CNI partners with CNT Depository for secure storage. CNT storage is fully insured by Lloyd's of London, and it has certifications from Chicago Mercantile Exchange (CME) Group and the Commodity Exchange Inc. (COMEX). When we asked the customer care agent we spoke with about this service, we were told that "CME Group approves the CNT Depository, Inc. as an Exchange Licensed Storage Facility and Exchange Licensed Weighmaster deliverable against the COMEX Futures Silver Contract. With this distinction, CNT Depository, Inc. is one of six Exchanged Licensed Storage Facilities and one of only two facilities approved for both storage and as an Exchange Licensed for silver, according to www.cmegroup.com."
On BBB, they only have one complaint registered in the last three years
No Reviews Were Found
No Reviews Were Found
4.5 out of 5 stars
This rating was formed from the opinions of 45 reviewers
No Reviews Were Found
No Reviews Were Found
4.8 out of 5 stars
This rating was formed from the opinions of 1.220 reviewers
According to one of the agents we spoke to, there are no current promotions for new customers who choose to set up their gold IRA or buy precious metals from Golddealer.
If you want to purchase precious metals or open a gold IRA through a company that gives new customers amazing promotional offers, we recommend setting up your IRA through Goldco. If you qualify for a rollover, Goldco will give you free silver worth $10,000.
Bear Lake Gold will finally give its verdict on Golddealer to end this review. From the facts we gathered about the company, Golddealer is not a scam company. The company has verifiable owners and has been in the industry for more than sixty years. It is a recognized member of some reputable gold investment industry associations.
These precious metals associations promote moral standards while trading coins and bullion in the industry. In addition, they are responsible for providing the laws that govern business transactions in the precious metals industry. Hence, Golddealer being part of them is proof that it is not a scam company.
CNI has ratings from review sites like BBB (Better Business Bureau), Google and Trustpil,ot, and the company is a Cable News Network (CNN), Public Broadcasting Service (PBS), and Consumer News and Business Channel (CNBC) top-rated precious metals company.
However, it has some negative features that will not permit us to recommend them as a company through which you can invest in a gold IRA for your financial security. Primarily for Bear Lake Gold, we consider CNI's low rating a big red flag.
Golddealer has low ratings on public review sites. For a company that has been in the precious metal investment industry for more than six decades, it is only normal to see thousands of positive ratings from these review sites and more. However, their lack of rating indicates that many people who did business with Golddealer were unsatisfied with its customer service. Therefore, we would not recommend them for your gold IRA investment.
Alternatively, we suggest investing in a gold IRA through any of our top three gold IRA companies. These companies have gathered amazing customer reviews in the shortest possible time, giving them a great competitive edge over other companies that have spent longer time in the industry. Our top three gold IRA companies are Augusta Precious Metals, Goldco, and American Hartford Gold.
To find out the amazing details of these companies and see what other investors are saying about them, please click the links in the ‘Top Three Golddealer Alternatives’ section below.
Our #1 Precious Metals & Gold IRA Company - Best Overall
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
Our #3 Gold & Silver Company -Great Prices and Great Customer Service