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Gold Safe Exchange helps those looking at gold IRAs learn more about what these investment accounts are and how they can buy precious metals for them.
Every client has the chance to work with a team of professionals who advise them on the best investments based on their future goals. Clients can contact the team over the phone when they have any questions, too.
Anyone who thought about working with the company can find out more in the below Gold Safe Exchange review.
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About Gold Safe Exchange
Though Gold Safe Exchange doesn't have a lot of information available about its history, it does have several years of experience. Based out of Pasadena, California, the company hires workers who have experience and knowledge of digital currency as well as gold and silver accounts.
Many of the employees also know about palladium and platinum, which are two of the other common precious metals found in gold IRAs. Gold Safe Exchange offers bullion at low prices to its client base.
Gold Safe Exchange Pricing and Fees
Prospective clients will find that Gold Safe Exchange does not list prices on its site. Clients can see some of the available bullion and learn more about it. They can only find out how much each piece costs when they contact the company.
Gold Safe Exchange claims that clients get access to low prices and that it never charges retail prices for its products.
How to Start with Gold Safe Exchange
Starting with Gold Safe Exchange is easy because the company works with so many different types of clients. Opening a self-directed IRA is the first step. The company asks prospective clients to call and talk with its team.
They'll receive help from two dedicated account reps. These reps are responsible for helping them open an account that meets their retirement goals and decide what to do with their precious metals.
Gold Safe Exchange then asks the client to either start a transfer or make a deposit. With a transfer, the client can send products they have in a different IRA to the gold IRA. Those who want or need to start from scratch can make a deposit.
Gold Safe Exchange uses those funds to buy gold on behalf of the account holder. Buying precious metals is the last step. With a self-directed account, clients can transfer funds from another retirement account such as a 401(k) or SEP IRA.
Clients receive other help from Gold Safe Exchange like choosing a custodian, too. The Internal Revenue Service (IRS) requires that any gold IRA have a named custodian. This is someone who oversees the investments for their clients.
The custodian will also find a depository to hold the metals or work with the client to choose a depository. A depository both holds the metals and also ensures the items to keep them safe.
Available Products and Services
One of the cons of Gold Safe Exchange is that it doesn't have a lot of information on the gold bullion and other products it sells.
It provides a small amount of info to get clients excited about buying and then asks them to call to learn more. The site divides its products into different categories.
Anyone who plans on opening and using a gold IRA will consider gold bullion. Gold Safe Exchange offers a 2022 American Eagle Gold Coin Set. It comes with four coins from the West Point Mint.
The coins are eligible for a gold IRA as they have a purity level of 0.9167. This set places the coins inside protective cases and tucks those cases in a small display case. Each coin also contains a small amount of silver.
Clients can pick other gold coins for their accounts that include:
Clients who want to add different types of gold to their IRAs will also find gold bars from Gold Safe Exchange. A popular choice is the Credit Suisse PAMP Suisse Gold Bars. While the bars come in different sizes, they are all 0.9999 gold.
PAMP SA Company opened in the 1970s and now mints pure gold bars for investors. Gold Safe Exchange also sells one-ounce gold bullion bars that come from a variety of mints in the United States and abroad.
While clients cannot choose which mint they want to buy from when they purchase gold bars, every bar will weigh one Troy ounce.
Silver bullion products are popular with investors who want a diverse IRA. Gold Safe Exchange helps clients buy silver bars and coins as well as proof coins. The silver bars are 0.999 pure silver and meet the requirements for precious metal IRAs.
Clients can choose one-ounce silver coins or pick coins of larger sizes such as 100-ounce and 1,000-ounce sizes.
The American Eagle Silver Proof Coin sold by Gold Safe Exchange comes from the US Mint. It has one Troy ounce of silver, a high purity level, and weighs just over 31 grams. New versions of this coin hit the market every year.
Gold Safe Exchange gives its clients an easy way to invest in these coins and add them to their accounts. There are also quite a few traditional silver coins available from Gold Safe Exchange. The America the Beautiful coins are just one option.
The coins celebrate the beauty of the country and have one Troy ounce of silver inside. Some of the other silver coins available from the site include:
Platinum bullion includes coins that have a high amount of platinum inside. The value of this precious metal often changes but can climb as high as $1,000 or more per ounce. All of the platinum coins that Gold Safe Exchange sells are suitable for gold IRAs.
Clients can choose both traditional and proof coins from the US Mint like the American Eagle or Koala bullion coins from the Australian Mint. The Isle of Man Noble and Canadian Maple Leaf are examples of some of the other silver coins the site sells.
While palladium prices hit a few lows in 2022 and 2023, an ounce of this metal still has a value of around $1,300. Many experts believe that the price will rise again in the future.
Gold Safe Exchange offers Canadian Maple Leaf coins from the Canadian Mint that are 0.9995 fine and hold a Troy ounce of palladium. The company also allows clients to purchase palladium bars that come from the Canadian Mint and others.
These bars usually weigh one ounce but may weigh more.
Precious Metal Value Charts
The Gold Safe Exchange website has separate pages for each type of precious metal. Every page has a chart that shows the value of that metal. The chart goes back a full year to help a client see the highest and lowest values over the last 12 months.
Clients can also adjust the chart to see values over the last two, five, or 10 years as well as the last day or last few days. With the custom option, they can pick a time and view values within that time frame.
This is a good way for them to see how the values of their metals changed since they started investing.
Articles & Resources
Though clients can always talk to the Gold Safe Exchange teams and get help from those professionals, they can also use the site's resources and articles.
The site has an entire page dedicated to articles on gold investing and buying other types of precious metals. These articles include topics like how the value of the American dollar changed over the years and the benefits of silver investing.
Other resources cover how much clients can add and take out of their accounts every year and the requirements the IRS has for gold IRAs.
Is Gold Safe Exchange a Scam?
Investing in gold is a task usually not suited for beginners. Gold Safe Exchange wants to give beginners a better and easier way to buy gold and any other precious metals they want in their retirement accounts.
On the Better Business Bureau, the company has three positive reviews and no registered complaints for an average rating of five stars. Clients claim that they received a lot of help choosing new bullion and opening their accounts.
Gold Safe Exchange also has a high rating on Trust Pilot where more than 20 clients gave the company a 4.7 rating.
While a few clients talked about their experiences opening new self-directed accounts, others focused on the selection of products available from the site. Those positive reviews make it clear that Gold Safe Exchange is not a scam.
Pros & Cons of Gold Safe Exchange
Pros
Cons
Final Thoughts
The biggest issue with Gold Safe Exchange is that the site only lets clients buy precious metals when they talk to a rep and it doesn't offer any upfront prices.
Many other sites allow customers to buy gold and any other metals they want without talking to a rep. Those sites even let customers compare and view prices before they buy.
Gold Safe Exchange often offers more help than others do, which is why it's a good choice for new investors. Anyone who needs help setting up or using a gold IRA would benefit from working with Gold Safe Exchange.
Gold Safe Exchange is a reasonable company, they are not a scam, but we do not recommend them.
They are not the best option for individual purchases of precious metals, and certainly not the best option for investors looking to protect their savings with a gold IRA.
There are much better companies to work with that we have written about extensively on this website.
You can get a Free Gold Investors Guide from our top gold and precious metals company recommendation by clicking the link above or you can read our article of the top companies we reviewed this year:
>> CLICK HERE to read our list of the Top Gold IRA Companies. <<
Or, if you like what you have read about Gold Safe Exchange, you can go to their website below:
I started BMOGAM Viewpoints as a way to compile all my views on investing in one place. I own my home, have some real estate, and own a few stocks like most people, but what really drives my interest in investing is I have a strong love of precious metals, especially gold.
