GSI Exchange Review

GSI Exchange Review

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GSI Exchange is a relatively new online precious metals retailer founded in 2014. 

It is one of a few companies that offer IRA and non-IRA precious metals investments for customers who would like to diversify their retirement portfolios and protect their assets against inflation.

GSI Exchange's leadership team has decades of experience in finance, precious metals mining, manufacturing, and sales. They have offices and warehouses in the United States and Canada.

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About GSI Exchange


homepage of the gsi exchange website

GSI Exchange is a leading online gold and silver bullion dealer. Located in the heart of Palm Beach Garden, Florida, they offer one of the largest inventories of gold and silver coins, rounds, and bars for investors and collectors. 

At GSI Exchange, they specialize in selling U.S. Mint gold and silver bullion coins and world mint coins from Australia, Canada, Mexico, and South Africa.

In addition, they carry a large inventory of precious metals bars from leading refineries, including Credit Suisse, PAMP Suisse, and Johnson Matthey. 

The products range from 1/20th ounce gold Maple Leafs to 100-ounce Engelhard bars. This allows them to offer clients a wide selection at highly competitive pricing with prompt delivery to customers.

Why Invest With GSI Exchange?


Listed below are some of the primary reasons to invest with them: 

GSI Exchange is a global trading platform offering various products and services to its clients. Some of these include commodities, forex, indices, and stocks, but their primary area of expertise is physical precious metals. 

It's one of the fastest-growing brokerages globally, so you can trust them to help you achieve your financial goals. 

The brokerage firm was founded by experienced traders who shared a shared vision for providing high-quality investment opportunities to traders worldwide. 

Apart from offering a wide collection of products and services, GSI Exchange also offers comprehensive training and support to its clients.

GSI Exchange Products and Services


four gold coins

GSI Exchange provides several different precious metals trading services for individuals and businesses, and the main products and services include: 

For individuals, the company offers a variety of options that are designed to help investors make decisions about their portfolios.

This includes gold and silver IRA plans, which allow investors to hold physical gold and silver in an individual retirement account.

The company offers numerous other ways for investors to buy, sell, and store precious metals through pooled accounts, domestic and international storage options, etc.

Bank Failure Scenario Kit


GSI Exchange clients can rest assured that their funds are safe and secure in a bank failure. GSI Exchange uses segregated accounts for each customer account at multiple FDIC-insured banks.

Your funds cannot be mixed with other customers or corporate funds.  This means that your funds are held at the bank on your behalf, separate from any other customer's or the bank's assets.

If a bank fails, these segregated accounts are held in trust and should be returned to you without delay by the FDIC.

U.S. State Regulations on Precious Metals


The United States does not regulate the purchase of gold, silver, platinum, and palladium bullion in the same way it regulates other investments.

The U.S. Securities and Exchange Commission is tasked with regulating stocks and bonds, but no central regulatory body oversees the precious metals market.  That's because bullion is considered currency as opposed to security. 

Most states classify gold, silver, and other precious metals as legal tender, meaning they are exempt from sales tax or capital gains tax when sold at spot price to another individual or business. 

However, some states do have regulations governing the sale of precious metals. In many cases, these laws are meant to protect investors by requiring that dealers be licensed and bonded before conducting transactions involving coins or bullion.

They also require dealers to weigh precious metals before clients and provide copies of invoices for every transaction.

Precious Metals IRAs


Precious metals IRAs are retirement accounts that hold physical gold, silver, platinum, and palladium. These precious metals can be bought and sold in coins or bars, delivered to your home, or stored in a depository

With a GSI Exchange Precious Metals IRA, you can invest in some of the most sought-after products globally — gold, silver, and other tangible assets with real value.

cartoon of woman looking at taxes and a calculator

Your precious metals get protected from creditors and lawsuits and from loss of purchasing power and devaluation of paper currency.  

The GSI Exchange team is dedicated to helping you take control of your finances by investing in gold. The company was founded by entrepreneurs who believe that it's time for Americans to start protecting their hard-earned money against the volatile economy.

Buying from and Selling to GSI Exchange


GSI Exchange is a wholesale dealer of precious metals, and they are more than happy to buy your gold, silver, platinum, and palladium from you.

However, their main business is selling those metals to you, with the intention that you will hold them as investments. They sell in various weights: from tiny coins to 1-kilo bars of gold. They also sell bullion that has been turned into jewelry. 

Unlike most dealers, GSI Exchange provides a detailed online catalog for you to browse through before placing an order with them. The catalog provides detailed information, including the price of the items and the amount they are being sold for. 

You may also need to contact them directly if you want to see what they have available at any given time.

They provide a toll-free number on their website (1-800-577-3195), but there's no address provided, so if you prefer to communicate via traditional mail or e-mail, you'll have to dig around online to find it.

GSI Exchange also often publicize and revise the prices they charge for their precious metals online. Again, this is because they frequently change due to market fluctuations, so they ensure the prices are updated often to ensure the clients get the correct and current price values of items. If you want to know how much something costs or how much they'll pay for something you're selling, you'll have to contact them directly.

Account Information


GSI Exchange offers a free account to its customers. Customers can buy and sell gold or silver at the market price and at their own peril. GSI Exchange doesn't require a minimum investment to open an account, but they charge a $75 annual fee.

The fee is waived if you reach one of the following tiers:

Clients who hold more than $50,000 in precious metals are "GSI Elite" members and don't pay an annual fee.

Clients who hold more than $100,000 in precious metals are "GSI Platinum" members and don't pay an annual fee.

Clients who hold more than $250,000 in precious metals are "GSI Diamond" members and don't pay an annual fee.

The Shipping Process


The shipping process is simple, and they have various shipping options available. The cheapest option will take the longest, but you may opt for expedited shipping if you need the product in a hurry.

However, the company ensures the orders get processed and shipped within two business days after receiving a receipt. 

man looking at a clipboard

GSI Exchange partners with UPS for all shipments, and it's one of the fastest ways to get your gold shipped to you. UPS can deliver to most locations within the United States in two business days or less. 

Each order is packaged in a bubble wrap envelope and is shipped via USPS First Class Mail unless otherwise specified. A tracking number will be provided for all shipments.

You will need to contact them if you do not receive your package within two weeks after the expected delivery date (as provided by the USPS tracking website). 

They don't cater to extra shipping fees due to incorrect or incomplete addresses. If a package is returned to us, they always contact you with the charges to re-ship your order. 

If your order arrives damaged or does not include items listed on your invoice, please contact them immediately so they can take care of the matter.

GSI Exchange Reviews


GSI Exchange is a dealer with an incredible inventory of silver, gold, and platinum coins. They also offer storage for silver and gold bullion and coins purchased. GSI Exchange has an A rating from the Better Business Bureau, but only seven reviews are listed.

Pros and Cons


Pros

  • Free shipping on orders over $10,000
  • Competitive pricing on coins and bars for self-directed IRA accounts
  • New investors can open an IRA with as little as $500

Cons

  • No live chat feature on the website
  • They only have physical store locations
  • They only have a limited selection of the precious available on the website makes it difficult to comparison shop against other dealers

Conclusion

GSI Exchange sells a variety of precious metals, and the selection is more than other dealers. They have a Gold IRA program, and their website includes valuable information about investing in precious metals through an IRA. 

GSI Exchange has more prices on its metals compared to other dealers. They also have a 0% financing plan for larger purchases, which is something you will rarely see offered by any other dealer.

Their website is easy to navigate, and it provides much information to help you learn about the markets or invest in precious metals.

Their customer support isn't beneficial for anyone who has any queries about their services.  GSI Exchange has been around for several years now, and it's a leader in the gift card industry.

If you're looking to exchange precious metals for bullion, GSI Exchange is a great place to start. Their rates are competitive, and their selection of coins and bars is quite good.

They also offer advice for those just starting in the bullion market.

GSI Exchange is a passable precious metals company, but they do not earn our recommendation.  

You don't want to invest with just any company in precious metals, you want to stick with the best, most trusted ones, like the ones we have reviewed 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:

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