Colorado Gold Review 2022 | Fees, Complaints & More

If you are looking to explore investment in precious metals, Colorado Gold might be the right place for you to start. This detailed review will help provide you with a clear picture of the company and its offerings.

What is Colorado Gold?

Founded by Don Scott in 1977, Montrose, Colorado-based Colorado Gold offers a range of investment options which include bars or coins of gold, platinum, and silver including some IRA-approved bars and coins. The company believes that these precious metals will bring profit to investors, unlike rare collectibles which they claim are not a suitable investment option.

Colorado Gold complaints

Colorado Gold is a reputable and reliable family-owned business which has been in the industry for over 40 years. The company has an A+ rating from the Better Business Bureau (BBB) with zero complaints in the last three years and over 10,000 positive reviews from satisfied customers. This information can be accessed on the official BBB website.

There are currently no reviews of Colorado Gold on TrustPilot, TrustLink, and Business Consumer Alliance.

Before we continue...

We have worked very hard to review, research and reveal the most important pieces of information that investors need to know before investing their money. We have been able to narrow a list down to the top 5 gold IRA companies.

I recommend you check the list before proceeding with any IRA transfer.

Quick answer: Goldco is our #1 recommendation for multiple reasons, including their A+ BBB rating and their special offer of up to $10,000 in free silver.

What services does Colorado Gold offer?

Colorado Gold provides a huge collection of investment options that range from gold to platinum bars or coins. They also have a special collection of coins and bars offered at special deals. Palladium products are currently not included in their catalog.

Colorado Gold also assists clients in holding their investments in an IRA. For this, the client has to connect with an IRA custodian firm to establish an account. The Colorado Gold team helps the customer purchase items they prefer to hold in that particular account. The company takes care of shipping the order with an IRA-approved depository to hold the metals until the investor’s retirement.

Colorado Gold also has a buy-back policy that applies even to products not sold by the company. The firm buys all precious metals which are hallmarked, and charge a nominal 1% fee if the precious metals are purchased from sources other than Colorado Gold.

What does Colorado Gold offer that its competitors don’t?

The company website features an “Our Specials” section where they offer great deals on investment options. This selection depends on the company’s frequently updated inventory.

It has a buy-back policy that most other companies do not offer. They purchase every precious metal available with a Hallmark and charges as low as 1% service fee if the items are purchased from other sources.

Fees

Colorado Gold has a variable annual cost and most customers are satisfied with the prices charged by the company. For assisting customers in their buy-back policy, the company takes a minimum charge of 1% if the purchased items were not sold by them.

They buy all the A-marked precious metals for a charge of 1% as fees for orders below $50,000. For orders above $50,000, the company charges a fee of 0.75% and for orders costing more than $100,000, charges are 0.5%.

To make purchases, customers need to enter into a legal agreement and to complete payment within 7 days.

Can I trust Colorado Gold?

It appears that Colorado Gold is a credible business. It has been serving its customers for over 40 years now and has earned an A+ rating from the BBB. The company has zero complaints for the past three years and positive customer reviews can be found on the BBB website. There are currently no ratings or reviews for the company from other sources. This makes it difficult to identify any red flags.

Though Colorado Gold is not an IRA custodian company, they recommend four different custodians that can be used for setting up a precious metals IRA and investing in precious metals.

Pros & Cons

Pros

  • BBB-accredited with an A+ rating.
  • Serving clients for over 40 years.
  • Huge range of investment options, ranging from gold to platinum coins and bars.

Cons

  • Minimum reviews about the company.
  • Absence of after-hours help service.
  • Non-availability of investment in rare coins
  • Not an IRA custodian.
  • The selection of Colorado Gold for precious metals is limited.

FAQs

Is Colorado Gold legit?

Though there are limited reviews and ratings for the company, it does not mean that it is a scam. This family-owned business has been in the market for more than 40 years and has over 10,000 satisfied clients.

How to choose the correct precious metals for investment?

The company provides a wide range of investments in gold, platinum, and silver. They do not offer rare collectibles, which they do not consider as viable investment options. You can select from their list of options available and invest and create a portfolio according to your requirement.

Does Colorado Gold provide a buy-back policy?

Colorado Gold supports a buy-back policy for its customers. For helping customers with their buy-back policy, the company charges a 1% fee if the purchased items were not sold by them.

What are the available payment options at Colorado Gold?

Colorado Gold has the following payment options:

  • Wire Transfer
  • Personal check
  • Venmo for small orders
  • Cashier’s Check

While the company will assist clients in purchasing precious metals, they will not manage the transaction or handle the setting up of the IRA.

About the author Greg Lorenzo

Greg is a financial expert who has been advising his audience on loans for over 10 years. He has a wealth of knowledge and experience in the area, and he is passionate about helping people get the best possible deal on their loans. Greg is an expert in negotiating loans, and he has a proven track record of getting his clients the best possible terms. He is also a strong advocate for financial literacy, and he regularly gives workshops and seminars on the topic.

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