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Goldbroker.com: Should you work with it?

Today, gold remains the ultimate financial security. But when deciding how you should approach investing in precious metals, you need to answer how long your investing time will be. If you are looking towards reserving a definite haven for long-term goals, then you need to get some physical metals registered under your name.

And to help you with this, I will be reviewing just one of the leading companies that can help you with your investment, Goldbroker.com.

About Goldbroker.com

At Goldbroker.com, all investors can protect their assets and keep their purchasing power by investing in physical gold and silver. Also, your purchased metals are not kept within the banking system but in vaults around the world.

goldbroker

These two principles of direct ownership and a storage account in your name are Goldbroker.com’s solution to saving clients from the risks of having intermediaries between you and your precious metals.

Goldbroker.com only offers you the best quality gold as their products are all recommended by the London Bullion Market Association. Goldbroker.com partners with Malca-Amit to provide you with the best storage facilities in the world.

All storage accounts opened through Goldbroker.com are all allocated and segregated in the client’s name. And all the metals are stored in the client’s name, not in Goldbroker.com’s name. Hence, there is no way clients can be affected by the company becoming bankrupt in later years.

Also, as a client, you can regularly check on your metals in the storage facilities. And you can even retrieve them anytime you want to, without the need for the presence of anyone from Goldbroker.com.

All precious metals stored through Goldbroker.com are fully insured. However, Goldbroker.com only accepts a minimum investment of $10,000.

About the Management

  1. Fabrice Drouin Ristori (Founder/CEO)

Fabrice Drouin Ristori is a 40-year old French investor and entrepreneur. He started investing in precious metals in 2008, and in 2011, he created Goldbroker.com. He holds a Master’s degree in Entrepreneur/Finance, which he got from the Kedge Business School in 2004.

Earlier in 2003, He received the Euro-Mediterranean Student Enterprise Award. He created Goldbroker.com with a philosophy to start an investment platform that gives individuals total ownership of precious metals, without any intermediation, and also without interaction with any banking system.

In 2012, Fabrice was joined by Egon von Greyerz as a member of the board of directors of the FDR Capital Ltd. FDR capital Ltd is the alternate name for Goldbroker.com.

  1. Egon von Greyerz

Mr. von Greyerz is one of the most important physical gold fund managers in Switzerland. He is the founder of Matterhorn Asset Management (MAM) and Goldswitzerland.com.

He started as a banker in Geneva before going on to work as a finance director and executive vice-chairman of Dixons Group Plc in the UK. He makes regular appearances on BBC, CNBC, and King World News. And he also speaks at investment conferences around the world.

He is presently a board member and shareholder of FDR Capital Ltd.

  1. Audrey Sauvan, Chief Operating Officer and Lawyer.
  1. Alain Alziar, Chartered Accountant and Auditor.
  1. Mr. Maxime Batel, Manager of FDR Capital, Ltd.

Contact Details

You can find Goldbroker.com at 300 Park Avenue 12th Floor, in New York. You can also find Goldbroker.com at:

  • 32, Level 3, Regent House, Bisazza Street, Sliema, Malta
  • Unit 1102, 11/F, 29 Austin Road Tsim Sha Tsui, Kowloon, Hong Kong, China
  • Carlyle House, Lower Ground Floor, 235 Vauxhall Bridge Road, London

Goldbroker.com’s website also has a live chat function and other means of contacting their team.

Ratings

Now, we will be looking at the ratings Goldbroker.com has received from some of the most trusted business review websites.

  • BBB Ratings: A+ but yet to be accredited by BBB.
  • Trustpilot: 4.7/5 calculated from 26 reviews
  • BCA Ratings: Not Listed
  • TrustLink: Not Listed

Is Goldbroker.com a Legit Company?

Having a 4.7 trust score on Trustpilot goes a long way in showing customers’ satisfaction in Goldbroker.com. You won’t even find a single complaint from customers. At the same time, having a BBB’s rating of A+ can also be seen as proof of their honest business practices.

However, they are yet to be accredited by the BBB, which doesn’t speak well of the company’s effort to promote integrity in business. But based on customers’ reviews, they seem to be a legit company.

Goldbroker.com Service Details

By now, you must have realized the principal goal of Goldbroker.com is to make you total physical gold owners without intermediation. Let’s go on now to learn about their services in detail.

Purchase of Gold & Silver Bullion

Goldbroker.com offers you gold bullion produced by recognized refiners such as Ohio Precious Metals, Valcambi, and UBS. And these refiners have been certified by the London Bullion Market Association, meaning you only get quality products from Goldbroker.com.

Goldbroker.com ensures that the metals retain their authenticity and purity, making sure their maximum resale value is maintained.

As with gold, Goldbroker.com only sells silver produced by LBMA-certified refiners, such as Johnson Matthey, Royal Canadian Mint, and the Republic Metals Corporation. There is a guarantee that all you will find in Goldbroker.com’s store are of good value.

Secure Storage

When you decide to own gold, it is often about being fully insured against financial risks. And that is why your precious metal must be stored safely to reduce counterparty risks. 

Hence, Goldbroker.com offers you a way to invest and store your assets while avoiding the risks associated with having intermediaries between you and your precious metals. You have full access to your assets, which are stored safely in a vault, and you can withdraw these metals at any time.

Goldbroker.com has partnered with a private operator, Malca-Amit, who operates independently of any banking system to further their philosophy of giving you full access. Malca-Amit was founded in 1963. And it has maintained its reputation as a trusted storage partner for financial institutions and individuals worldwide.

Their storage facilities are among the few highly-secured and strategically located ones in the market.

The vaults are in free-trade zones, and that removes the need for taxes and other duties. You also get to choose your preferred location among these various vaults, which include one in:

  • Zurich, Switzerland
  • Singapore Freeport, Singapore
  • New York, USA
  • Toronto, Canada

Shipping

If you are unable to pick up the metals yourself at the vaults, you can sign up for shipping. Goldbroker.com delivers physical metals to the United States through an insured shipping service.

Thus all orders within the United States are fulfilled with free shipping. They only ship internationally to France, and the international shipping rates vary depending on the weight of the order.

Goldbroker.com packages your products with care to prevent shifting during transit while retaining the quality of the products. They also make sure the packaging doesn’t give away the contents, ensuring safe delivery.

In the case of loss in transit, the packages are already fully insured. You will get a replacement as soon as possible.

UPS is currently Goldbroker.com’s carrier, and you can be sure to get your package by the end of the second business day after the receipt of funds. If you are ordering from international grounds, you might have to wait for three weeks to get your package.

Also, you get a tracking number once shipping starts so you can readily get updates about your delivery.

Sales of Precious Metals

If you are also trying to liquidate your investments, you can sell your precious metals to Goldbroker.com. However, Goldbroker.com only buys back metals that you got from them at an earlier date.

The whole process usually gets executed within 48 hours. You only need to send your sell order to Goldbroker.com, indicating the products you wish to sell. Upon receipt of your sell order, Goldbroker.com will forward you a document that orders the release of the products from your name.

Payment follows shortly by bank transfer, but the resale price depends on the current spot price at the time of the transaction. 

Rates

Buying Commission

Goldbroker.com accepts the order of a minimum of $10,000, and all their sales include commissions. These commissions reduce as the quantities of products being purchased increases.

Selling Commission

Goldbroker.com demands a sales commission of 1%, which must meet a minimum of $75.

Storage Fees

There are storage fees on all stored products. For a stored value lower than $20,000, you pay a fee of 1.5% and a storage account maintenance fee of $125. The storage fees also reduce as the number of stored products increases with no need to pay for storage account maintenance fees.

You will also be required to pay some additional service fees of $200 when visiting the vault, or when picking up your stored products. I believe I have said about all there is to know about their rates, but you can also visit their website for more information.

Publications

Goldbroker.com also has an editorial team of precious metals specialists. They make sure to provide education about the current financial system to the public. They explain the importance of diversification and precious metals in keeping one’s wealth safe in the world. The team includes:

  • Egon von Greyerz 
  • Helder Mello Guimaraes
  • Philippe Herlin
  • Fabrice Drouin Ristori
  • Nick Laird
  • Dan Popescu
  • Leonard Sartoni

Pros and Cons

Before ending this review, we should discuss why you might want to work with Goldbroker.com and why you might not.

👍 Pros

  • Signing up with Goldbroker.com involves an effortless and secure process.
  • They offer fully allocated and segregated storage accounts in four different countries.
  • Their products are all LBMA-certified.
  • You have direct and personal access to your stored assets.

👎 Cons

  • You can only make large quantity orders.
  • You can only buy gold and silver bullions.
  • You also won’t be able to get previous statistics of their precious metal holdings.
  • There is also the issue of lacking price transparency as there is no public indication of the commissions they receive on products purchased from them.

Conclusion

Goldbroker.com operates with really good philosophies that offer every client full ownership of precious metals. They are interested in protecting you from all risks that are involved in having intermediaries between yourself and your precious metals.

However, this quality service seems to be available to individuals with a large purse. And I would advise you to look through some other alternatives to Goldbroker.com, especially if you are struggling with bills. Although this is just my advice, the final decision lies with you.

🥇Recommended Investment Company in 2020: Regal Assets

Regal Assets stands out as the best precious metal and cryptocurrency investment company in 2020. The business is multiple times featured by Forbes, SmartMoney, and many other reputable publishers in the field. Either you want to buy gold with cash or rollover your IRA into a gold-backed IRA, Regal Assets is your one-stop-shop.

Here is why you should work with Regal Assets:

FREE first year, FREE set up, 7-day delivery, Flat rate annual fee, Brinks segregated storage, A+ BBB, #20 Inc. 500, 5-star Trustlink.

The company is offering a free Gold investment guide for a limited time, a free edition of Forbes magazine, and a free DVD revealing facts about the future of the dollar and US economy.