GoldBroker.com Review
If you have been searching for the right company to buy gold, silver, platinum, or palladium from, you may have come across Goldbroker.com and want to know if they are suitable for your needs. In this GoldBroker.com review, we will tell you more about the company, the products and services it offers, the costs involved, and the pros and cons of buying precious metals from GoldBroker.com.
About GoldBroker.com
GoldBroker.com is a precious metals investment platform where investors can easily buy, sell, and securely store gold, silver, platinum, and palladium online. Every piece of precious metal they sell is produced by well-known and respected refineries certified by the London Bullion Market Association.
Founded in 2011 by Fabrice Drouin Ristori, GoldBroker.com emerged in response to investors' demand for an offshore gold storage company that would allow them to store their gold in their own name.
Fabrice established the company to provide an easy-to-use investment platform for precious metals where investors can buy and securely store gold and silver away from the banking system. In 2020, GoldBroker.com relocated its headquarters to London, the world's primary gold trading center.
At this company, the gold or silver storage certificate is issued directly in your name and includes all relevant serial numbers of any bars. This ensures that you do not become a victim of potential counterparties and their associated insolvency risks.
GoldBroker.com employs high minimum orders to cover the costs of a very expensive process and to ensure that they can offer precious metals at prices close to the spot prices. Therefore, they typically target large-scale investors, individuals investing tens of thousands or even hundreds of thousands at a time.
What Does GoldBroker.com Offer?
GoldBroker.com provides investors with an online platform for buying and selling physical gold, silver, platinum, and palladium. As an investor, you can invest in gold coins, gold bars, silver coins, or silver bars. Additionally, the company also offers a few options in platinum and palladium bars.
While most products are offered in large quantities, GoldBroker.com now also provides coins and smaller quantities of gold, platinum, and palladium, in addition to their traditional larger gold and silver bars.
All precious metals are stored in highly secure vaults in Zurich, Singapore, Toronto, or New York. A storage certificate is issued for each piece of precious metal, including the serial numbers of the bars. Customers also receive certificates of authenticity for their gold bars. GoldBroker.com collaborates with the security company Malca Amit.
What are the charges for GoldBroker.com services and products?
GoldBroker.com distinguishes itself from its competitors by not disclosing the commissions it charges for its various precious metal products. The company claims that these commissions vary from product to product and become regressive as the quantity and size of the order increase.
Below is an overview of the known costs:
| Value | Cost percentage | Fees for maintaining storage accounts |
Gold | More than $1 | 1.50% | $125 (if the value is less than $20,000) |
| $ 60.000 | 1.25% | Free |
| $ 120.000 | 1.20% | Free |
| $ 240.000 | 1.15% | Free |
| $ 360.000 | 1.10% | Free |
| $ 480.000 | Contact GoldBroker.com |
|
|
|
|
|
Silver | More than $1 | 1.50% | $125 (if the value is less than $20,000) |
| $ 250.000 | 1.40% | Free |
| $ 500.000 | Contact GoldBroker.com |
|
|
|
|
|
Platinum | More than $1 | 1.50% | $125 (if the value is less than $20,000) |
| $ 250.000 | 1.40% | Free |
| $ 500.000 | Contact GoldBroker.com |
|
|
|
|
|
Palladium | More than $1 | 1.50% | $125 (if the value is less than $20,000) |
| $ 250.000 | 1.40% | Free |
| $ 500.000 | Contact GoldBroker.com |
|
Source: Goldbroker.com
Additionally, GoldBroker.com charges fees for repurchasing precious metal products that you directly buy from them. They promise to repurchase all precious metals that remain securely stored in their vaults. They impose a commission of one percent on each repurchase.
The company also levies three other fees related to vault visits instead of delivery charges on precious metals. A vault visit costs $220. Personally picking up precious metals costs €220. Owners can take photos of precious metals themselves for $20 per unit.
Security and reliability GoldBroker
GoldBroker.com does everything in its power to ensure optimal and completely secure service. When you buy from GoldBroker.com, you are the direct owner of your gold and silver. From purchase to resale, you possess physical gold and silver, not "paper."
Your precious metals are registered in your name. By owning your gold and/or silver directly, you do not face the risk of GoldBroker.com or its partners defaulting. GoldBroker.com does not own the precious metal; it is your property.
GoldBroker.com also guarantees the quality of all gold/silver bars and coins. Gold and silver bars available at GoldBroker.com are at least 99.5% pure and have been stored in professional precious metal vaults since their manufacture. Furthermore, the precious metals are supplied by the most reputable producers.
Your precious metals are stored in a secure vault in New York, Toronto, Zurich (Switzerland), and Singapore, managed by a reliable storage partner specializing in secure storage and transport.
The storage partners are insured, and access to your precious metals is strictly reserved. No one from the GoldBroker.com team has access to your precious metals. You store your precious metals in your own name (unique serial numbers).
You can check the status of your investment at any time by logging into your account. Your GoldBroker.com account is secured with one of the most secure cryptographic methods ever devised. Even if access to your account is compromised, your ownership is secure. All transactions are also secure and protected by a high-quality security program.
Finally, as an investor, you are covered against losses by the insurance contract of our storage partner. The only exceptions are losses due to civil war or nuclear explosion and/or terrorism.
Advantages and disadvantages of GoldBroker.com
There are many advantages to consider when choosing Goldbroker.com
, such as:
● GoldBroker.com provides secure storage of precious metals in 4 different countries.
● There are no custodians between you and your precious metals.
● It is easy to physically receive your precious metals.
● Owners or their representatives can visit the vault at any time without a company representative.
Disadvantages
These are the main disadvantages of GoldBroker.com:
● Pricing is not transparent about commissions for purchases
● Storage fees are variable rather than flat per annum
Final words GoldBroker.com Review
Overall, GoldBroker.com performs well in this GoldBroker.com Review. You can easily purchase precious metals and choose to have them physically delivered or securely stored in one of their four vaults.
The drawback is that the costs are not very transparent, and a relatively substantial amount is required to invest in precious metals with GoldBroker.com. On the other hand, GoldBroker.com strives to be a secure and reliable online trading platform for precious metals.
Like any other form of investment, precious metals do not come with guarantees. However, they can be used as a significant part of a diversified investment portfolio.