Blanchard Gold Review – Are They Legit?

Navigating the world of precious metals investments can be a complex endeavor, with numerous dealers vying for your attention and trust. As an investor, it’s crucial to find a reputable company that aligns with your financial goals and offers outstanding customer service. One such company that has made a name for itself in the precious metals market is Blanchard Gold. But does its reputation hold up under closer scrutiny? In this article, we will provide you with Blanchard Gold reviews to help you decide.

In the following sections, we’ll examine Blanchard Gold’s services, customer experiences, trustworthiness, and how it compares to its competitors. By the end of this comprehensive Blanchard Gold reviews, you’ll be equipped with the knowledge to make an informed decision about whether Blanchard Gold is the right precious metals dealer for you.

Key Takeaways

  • Blanchard Gold is a well-known precious metals dealer with mixed customer reviews.
  • Investors should compare fees, performance and customer service to other gold dealers before investing.
  • Expert opinions should be considered for an informed decision on Blanchard Gold’s strengths and weaknesses.

Blanchard Gold Overview

Blanchard Gold Company, a recognized name in the industry, is a seasoned precious metals dealer focusing on gold coins, bullion, and IRA services. They are known for their expertise in rare collectible coins and offer pure precious metals investments, including gold, platinum, and palladium. The company’s reputation is anchored to its founder, James U. Blanchard III, who significantly contributed to the legalization of gold ownership in the United States.

However, Blanchard Gold has faced criticism regarding customer service and pricing. Some clients have questioned the company’s trustworthiness, suggesting that potential investors should proceed with caution when considering Blanchard Gold as their preferred precious metals dealer. To comprehend these concerns, we will scrutinize Blanchard Gold’s services more thoroughly.

Evaluating Blanchard Gold’s Services

Blanchard Gold offers a variety of services to cater to the diverse needs of its clientele, including gold coins and bullion, rare collectible coins, and precious metals IRA. However, some customers have reported issues with the company’s pricing and transparency, which could impact the overall customer experience, especially when dealing with the wrong bullion.

The subsequent subsections will scrutinize the specific services offered by Blanchard Gold, addressing customer concerns and providing insights into the company’s market performance.

Gold Coins and Bullion

Blanchard Gold provides gold coins and gold bullion for investors seeking to diversify their portfolios with the timeless allure of gold. The company offers mint-state gold coins with face values ranging from $1 to $10 or higher, typically available for around $30. Blanchard Gold also provides investment-grade gold coins, including $20 Liberty VF, AU, and XF coins.

However, potential investors should note that Blanchard Gold’s pricing may not be as competitive as other market dealers. Comparing prices offered by Blanchard Gold and other gold dealers is key to getting the best value for your investment.

Rare Collectible Coins

Blanchard Gold specializes in rare collectible coins, which attracts both investors and collectors alike. The company is highly regarded for its selection of rare coins, but concerns have been raised about their pricing practices. Some customers have accused Blanchard Gold of marking up prices significantly, with allegations of a 100% markup rate for rare coins.

Blanchard Gold has refuted these claims, stating that they have never exceeded a 50% markup on their rare coins. However, the issue of pricing remains a point of contention for some customers, and potential investors should verify the current market price to ensure the actual market value of the coins they are interested in before making a purchase.

Precious Metals IRA

Blanchard Gold, one of the reputable gold IRA companies, offers precious metals IRA services for those looking to diversify their retirement savings with a tangible asset like gold. The company assists clients with gold IRA investment planning, connecting them with an account custodian and completing the necessary paperwork on their behalf. This service can be particularly attractive for investors who want to protect their retirement savings from stock market volatility.

Nevertheless, Blanchard Gold isn’t the sole company offering precious metals IRA services, and potential investors should contrast their fees and performance with other gold IRA firms. This comparison ensures they receive the best value for their investment. Factors such as annual fees, storage options, and customer service should also be considered when selecting a gold IRA provider.

Customer Experiences with Blanchard Gold

Customer experiences with Blanchard Gold are a mixed bag. While some clients praise the company’s expertise and long history in the precious metals market, others have encountered issues with their customer service, pricing, and overall transparency.

To give a clear view of the customer experience with Blanchard Gold, a blanchard gold review analysis, including both positive and negative reviews, will be examined in detail, addressing customer complaints as well.

Positive Reviews

Positive reviews of Blanchard Gold emphasize the company’s long history and knowledgeable staff at Blanchard and Company. Clients have also praised the accuracy of product images on the website and the quality of their purchases upon delivery. These positive experiences are often attributed to long-term patronage and the quality services provided by the company.

However, it’s worth noting that these positive reviews tend to come from older clients, which may indicate that newer customers have different expectations and experiences when dealing with Blanchard Gold.

Negative Reviews

Negative reviews of Blanchard Gold focus on issues with pricing, transparency, and customer service. Some customers have accused the company of overpricing their rare coins, charging credit cards without consent, delivery issues, and providing inadequate assistance with problems or complaints. These negative experiences suggest that the company may be falling behind newer competitors who are better equipped to meet modern customer expectations.

Potential investors should consider both positive and negative reviews when deciding on Blanchard Gold as a precious metals dealer to make a knowledgeable choice.

Trustworthiness and Transparency

Blanchard Gold’s trustworthiness and transparency have been questioned due to complaints about pricing and a lack of presence on review platforms like Trustlink, Ripoff Report, and Better Business Bureau. The absence of Blanchard Gold on Trustlink may imply that the company has not had the opportunity to receive customer feedback or may indicate a lack of technical advancement.

Furthermore, two customers have filed complaints against Blanchard Gold on Ripoff Report, primarily regarding the practice of pricing rare coins at an exorbitant rate. Potential investors must consider this information when assessing Blanchard Gold’s trustworthiness and transparency.

Comparing Blanchard Gold to Competitors

Factors to consider when comparing Blanchard Gold to competitors include:

  • Fees: Blanchard Gold has a $25 setup fee and an annual admin + storage fee ranging from $160-$350+
  • Customer service: Evaluate the quality and responsiveness of customer service provided by Blanchard Gold
  • Investment options: Assess the range of investment options available through Blanchard Gold

While Blanchard Gold may be suitable for some investors, others may find better value with other gold companies that offer lower fees and better performance.

Additionally, Blanchard Gold’s customer service reputation, while generally positive, is not as comprehensive as that of more modern companies offering superior customer service and higher levels of expertise. Potential investors should weigh these factors carefully before deciding to invest with Blanchard Gold.

Expert Opinions on Blanchard Gold

Expert opinions on Blanchard Gold are varied. Some experts praise the company’s history and expertise in the precious metals market, while others criticize their lack of innovation and customer service issues.

Like any investment decision, considering multiple perspectives and conducting comprehensive research is necessary before choosing the right precious metals dealer for your precious metals investment. While Blanchard Gold has its strengths, potential investors should also explore other options to find the best fit for their financial goals and needs.

Key Considerations Before Investing with Blanchard Gold

Before investing with Blanchard Gold, potential clients should consider the following:

  • Their financial goals
  • Researching the company’s reputation and services
  • Investigating the company’s standing in terms of customer reviews and expert opinions

This is important to gain a comprehensive understanding of the company’s performance and trustworthiness.

Potential investors should also compare Blanchard Gold’s fees, services, and investment options with other precious metals dealers to make an informed decision and ensure they are receiving the best value for their investment.

Summary

In conclusion, Blanchard Gold has a long history in the precious metals market and offers a range of services, including gold coins and bullion, rare collectible coins, and precious metals IRA. However, the company’s mixed customer experiences, allegations of pricing issues, and lack of presence on review platforms raise questions about its trustworthiness and transparency.

Investors should carefully consider the information presented in this review and conduct their own research before deciding to invest with Blanchard Gold. There may be other precious metals dealers that better align with an investor’s financial goals and offer exceptional customer service, competitive fees, and a more innovative approach.

Frequently Asked Questions

What services does Blanchard Gold offer?

Blanchard Gold offers a wide range of services, including gold coins, bullion, rare collectible coins and Precious Metals IRA services.

How does Blanchard Gold’s pricing compare to competitors?

Blanchard Gold’s pricing has been heavily criticized by customers for its lack of transparency and excessive markups.

What are some common complaints about Blanchard Gold’s customer service?

Customers of Blanchard Gold have expressed dissatisfaction with their customer service due to overpricing, hidden fees, unauthorized credit card charges, delivery issues and inadequate assistance.

Is Blanchard Gold present on review platforms like Trustlink and Ripoff Report?

It appears that Blanchard Gold is not present on Trustlink, and there are two customer complaints about them on Ripoff Report.

What factors should I consider before investing with Blanchard Gold?

When investing with Blanchard Gold, ensure your financial goals are met, research their reputation, and compare fees, services, and investment options against other precious metal dealers.

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