What is Colorado Gold?
Colorado Gold is a reputable precious metals dealer located in Monstrose, Colorado. Established in 1977, the company provides a wide range of gold, silver, and platinum products to consumers. These options consist of a variety of precious metals that are approved for IRA investments.
They operate as a family-run enterprise. In addition, they have received an A+ rating on BBB, and the founder, Don, regularly contributes a column to the website.
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They have formed partnerships with three IRA custodians, including STRATA Trust and New Direction IRA.
In addition, Colorado Gold provides consumers with a buyback program that allows them to sell products they have purchased from various companies. This feature adds an interesting twist to their offerings.
People Behind Colorado Gold:
Don Stott established Colorado Gold in 1977. With over 40 years of experience in the precious metals industry, he has established himself as a respected figure. He retired in February 2015, leaving behind a legacy of knowledge and expertise.
Since then, his two daughters (Morgen and Melissa) and son (David) have been managing the bullion dealing firm.
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It is definitely a family-owned and operated business. Both Don and David contribute columns on the website discussing the most recent developments in the world of precious metals investing.
How to Open a Gold IRA with Colorado Gold:
The company has collaborated with various IRA custodians and currently partners with the following:
- STRATA Trust Company
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- Entrust Group
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- New Direction IRA
First, you’ll want to select your preferred custodian who will guide you through the setup process. After the setup is finished, you’ll need to contribute funds to your precious metals IRA.
You have the option to transfer funds from an existing IRA or contribute them directly.
Once you have successfully funded your precious metals IRA, you have the option to acquire IRA-eligible metals from Colorado Gold.
However, it is important to exercise caution when buying IRA-approved metals from this source, as their collection includes many non-IRA products. Including a non-IRA product in your gold, IRA may lead to significant penalties.
Colorado Gold Products:
Colorado Gold takes great pride in its selection of meticulously chosen and one-of-a-kind precious metal products, which encompass gold, silver, platinum, and palladium. Occasionally, certain items may be temporarily unavailable, which is a testament to the strong demand for their exceptional selection.
Gold Products:
They have a wide selection of gold bullion available on their website:
- The American Gold Eagle
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- Canadian Gold Maple Leaf
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- South African Gold Krugerrand
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- Austrian Gold Philharmonic
And many others.
In addition to these coins, you can also discover Gold Francs, Backdated Maple Leaf coins, and gold bars of different sizes.
Silver Products:
Their catalog features a wide range of popular silver products, here are a few examples of their silver products:
- The Silver Krugerrand,
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- Australian Silver Kangaroo
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- Canadian Silver Maple Leaf
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- Silver Britannia
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- Somalia Silver Elephant
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- 90% Silver Junk
And many others.
In their collection, you’ll discover a wide range of silver bars, including 1 oz, 5 oz, 100 oz, and 1 kg options.
Platinum & Palladium Products:
You’ll discover IRA-eligible Platinum coins from Canada, Austria, and the United States. However, their product selection only includes 1 oz Palladium bars.
Colorado Gold Fees:
Colorado Gold’s fees are determined by factors such as your investment size and your chosen custodian, resulting in charges that can vary.
When it comes to clients interested in a precious metals IRA, the fees they incur will vary based on the custodian they select.
Colorado Gold provides a versatile fee structure, giving investors the freedom to select a custodian that aligns with their financial resources and personal preferences. This level of flexibility enables customers to make well-informed decisions that are in line with their financial objectives.
They provide details about their buyback program. If you sell products to a company that you didn’t purchase from, you will be required to pay a 1% fee to them.
They purchase A-marked bullion from customers and impose a 1% fee for orders under $50,000. However, there is a fee of 0.75% for orders above $50,000 and 0.5% for orders above $100,000.
In order to purchase any precious metals from our company, it is necessary to enter into a formal agreement and make payment within a 7-day timeframe.
Colorado Gold Reviews and Ratings on Other Platforms:
Colorado Gold prioritizes customer privacy and data security, ensuring a discreet approach. Their dedication to protecting customer information is evident in their strong emphasis on client confidentiality.
Better Business Bureau (BBB):
BBB rates Colorado Gold with an A+ rating, and there are no complaints on the popular consumer platform.
Trustpilot:
Trustpilot shows that the company has received a glowing 5-star review. Due to a scarcity of reviews and various other factors, Trustpilot has assigned the company an overall rating of 3.7 out of 5 stars.
Although there are only a few online reviews available, Colorado Gold prioritizes providing personalized customer service. They place a high priority on meeting the unique needs of each client, guaranteeing a personalized and attentive experience for every investor.
Colorado Gold Review: Conclusion
Colorado Gold is a reputable bullion dealer. With over 44 years of experience, they offer a wide range of gold, silver, platinum, and palladium products to cater to consumers’ needs.
Their owner contributes a weekly column for the site’s visitors. In addition, they collaborate with various custodians to provide consumers with the opportunity to invest in precious metal IRAs.
Colorado Gold prioritizes a meticulously chosen collection to guarantee exceptional quality.
With their focused approach, they ensure that every product meets exceptional standards, catering to the needs of discerning investors.
