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Gold Broker is just one of many online gold and silver dealers. If you've been looking for the right company to purchase gold or silver from, you may have come across Gold Broker and want to know whether they're the right fit for your needs.

In this article, we'll share a comprehensive review of Gold Broker including information about the company's history, the products and services they offer, and what past customers have shared about their experiences working with the company.

About Gold Broker

Gold Broker was founded by Fabrice Drouin Ristori in 2011. Ristori's background is in Finance and he holds a Masters degree in Entrepreneurship and Finance from the Kedge Business School. He created Gold Broker to provide an easy-to-use precious metals investment platform where investors and purchase gold and silver bullion and store is securely away from the banking system.

In 2020, Gold Broker moved their company headquarters to London, the leading gold trading center in the world.

Bullion

Gold Broker offers both gold and silver bullion to investors. Each piece of bullion they sell is produced by well-known and respected refiners that are certified by the London Bullion Market Association.

Gold and silver bullion each have purity levels of 99.5% or greater. You can purchase gold coins, gold bars, silver coins, or silver bars. Below are the different options offered by Gold Broker

Gold Coins

Gold Bars

Silver Coins

Silver Bars

Precious Metals IRAs

If you would like to diversify your portfolio by adding precious metals to an IRA, Gold Broker can help. They work with IRA custodian companies to help transfer funds from your existing eligible IRA, set up your new IRA, and add the coins and bars you'd like to invest in to your account.

Storage

Precious metals purchased for an IRA are required to be stored in an IRS-approved depository. If you set up an IRA, Gold Broker and your IRA custodian will work with you to arrange to have your metals stored in one of these approved facilities.

If you are purchasing coins and bars for a personal investment, these IRS regulations don't apply to you. You have the freedom to choose where you would like to store your metals. With Gold Broker, you can always choose to have your metals shipped to you, or you may opt to work with their storage partner Malca-Amit.

Malca-Amit offers storage facilities in many locations across the country. These include New York, USA, Zurich, Switzerland, Singapore Freeport, Singapore, and Toronto, Canada. Storing your coins and bars in one of these high-security locations offers you a safer alternative outside of the banking system.

Keeping your precious metals out of a bank gets rid of the risk of government confiscation, bank account confiscation, or other issues with accessing your metals.

All precious metals stored with Malca-Amit remain in your name, and you'll always enjoy direct access to your metals. Simply set up an account 48 hours in advance, and you can view your metals whenever you'd like.

Shipping

All orders placed through Gold Broker ship for free. Any orders placed for precious metals valued at over $250,000 are shipped via an armored car service. There is a fee for this service, however, and it can vary based on the items you purchase and their weight. Currently, Gold Broker ships order to all US states and territories. International shipping is only available to France.

Orders are shipped quickly. The longest it takes most items to leave Gold Broker is three days, but many are shipped more quickly than that. Each shipment is also insured to protect your items form theft or loss. A signature is required for delivery to confirm that your precious metals made it safely to you.

Buyback Program

When you purchase precious metals through Gold Broker and store them with Malca-Amit, you are eligible for their buyback program. If your situation changes and you decide you'd prefer to sell your precious metals back to Gold Broker, you can simply reach out to them and let them know which products in storage you would like to sell. After confirming the sale, a wire transfer will be initiated to move the funds to your bank account.

Information for Investors

Whether you're new to investing in gold and silver or are a seasoned pro, you'll find the resources available on Gold Broker's website to be helpful. They have charts you can view that show the live spot price of gold or silver as well as historical charts that will let you see how the value of each precious metal have fared over the years.

There are also helpful videos, investing guides, and newsletters available through the website.

Are There Any Red Flags for Gold Broker?

Purchasing gold and silver is a big investment. You want to do your due diligence and make sure you choose to work with a trustworthy company, which is probably why you're reading this article in the first place. One way to learn more about a company and how they do business is to find out about the experiences other individuals had when working with the company.

Unless you personally know other individuals that worked with Gold Broker, the next best thing is to look up reviews about the company online. Below, you'll find reviews from trusted sites and organizations such as the Better Business Bureau, Business Consumer Alliance, TrustLink, and Trustpilot. There are certainly more reviews out there for Gold Broker, but these are a good place to start.

Is Gold Broker a Scam?

No, Gold Broker is not a scam. They are a legitimate company that sells gold and silver bullion. Based on the mostly positive user reviews, if you choose to work with Gold Broker, you should receive what you're promised.

That being said, is Gold Broker the company you'll want to work with? We don't think so. While reviews for the company are mostly high, they are not rated by the Business Consumer Alliance or the Better Business Bureau. This isn't necessary, but it can provide one more piece of information to help you understand more about a company and their business practices.

Unlike some other precious metals dealers, Gold Broker's website isn't as upfront about some of the fees and commissions you'll be charged when making a purchase. This can make it more challenging to compare them to other companies and just raises a lot of questions.

Whereas many precious metals dealers offer flat-rate storage pricing, Gold Broker's fees are based on a sliding scale. This may work to your advantage if you aren't storing much, but if you have a lot of precious metals you wish to store, you'll likely end up paying more than you would with other companies.

Finally, Gold Broker only sells gold and silver. They don't offer the option to purchase any platinum or palladium coins. This means you're missing out on the opportunity to diversify your portfolio even more by investing in these metals.

Although we do think that GoldBroker.com is a decent company, we believe that there are better companies out there to make your investment with.

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