Kitco Review

Kitco Review

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Kitco, a renowned Canadian company, specializes in the buying and selling of precious metals such as gold, silver, platinum, and palladium. Additionally, it offers comprehensive storage solutions and a range of other services to clients globally.

Established in 1977 in Montreal with a modest team of three, Kitco has grown significantly over the years. It now operates three offices located in New York, Montreal, and Hong Kong, employing over 600 dedicated professionals.

Since 1967, Kitco has been a trusted source for news, analysis, and price information for various precious metals. The company's core service remains the trading of precious metals.

Kitco engages in the purchase of bars, coins, and rounds made from precious metals, and also acquires scrap metals for refining into raw bullion. While most of Kitco's business transactions occur online, customers are also welcome to visit their retail store.

In addition to physical bullion, Kitco offers certificates for bullion stored securely in its vaults, catering to diverse investor needs.

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About Kitco

kitco homepage

Kitco was founded in 1977 by Bernard Kitner, Saul Nusbaum and Marvin Steinberg. It is headquartered in Montreal, Canada. The company offers products from government mints worldwide and private mints as well.

It also provides information on the metals markets and other related financial news.  Kitco is the most reputable source for the price of gold today and precious metals prices over time.

The metals are sold in bars, coins, rounds, and ingots with various purities and weights. For more than 50 years, Kitco has been trusted by millions of people around the world for its wide range of products and services.

Historically, precious metals have tended to outperform many other investments during global economic turmoil. Kitco can help you diversify your portfolio by purchasing gold, silver, and other precious metals. It is also a great way to protect your wealth against inflation and downturns in the economy.

Product and Services

Gold is a hedge against inflation, recession, and uncertainty in the markets. It is a store of value, which means that it always has value. Gold can be used for jewelry or investment. Kitco has the tools you need to buy gold and sell gold and other precious metals. Kitco offers many products and services to help you protect your investments, including:

  • Live Gold Price

The live market price of gold is updated every two seconds on the website. This can help you decide when to buy or sell your gold.

  • Gold Coins

Buy gold coins online from Kitco or over the phone with experienced representatives. Kitco can help you decide what type of coin is right for you. The company also offers popular Gold Sovereigns and Gold Krugerrands.

  • Gold Bars

The company carries a variety of gold bars from 1 gram up to 1 kilo bars that are great for investors looking to save money on premiums.

  • Kitco News

Kitco News offers the latest news on topics that impact the gold market and commentary from the most respected analysts in the gold industry.

  • Bullion Bars and Coins

Gold, Silver, Platinum, and Palladium bullion in various sizes such as one ounce, 10 ounces, and kilobars are available for purchase. Bullion coins are also available.

Kitco Refining

Kitco's refining division is a leader in the industry and has a reputation for partnering with customers to provide the best possible refining experience. Kitco offers rapid and accurate payments and a high level of confidentiality. 

The refinery uses state-of-the-art induction furnaces to melt gold to the correct purity before casting it into anodes of 99.99 percent pure gold, following international standards. The refinery is fully licensed and approved by various government agencies.

Kitco Media

kitco's media department

Kitco Media is the news and editorial department of Kitco Metals Inc. and its subsidiaries. This includes Kitco news,, and exclusive webcasts.

Kitco's mission is to provide accurate, up-to-the-minute coverage of breaking news directly impacting the precious metals markets without speculation or fluff. 

The Kitco news team covers the latest developments in the gold and silver markets, leading global events and people, technologies related to precious metals, and all the important economic data affecting these markets. 

The media library contains over 30 years of video coverage of investment, geopolitical, and mining news. With over 5 million views per year, Kitco Media has established itself as a trusted source for financial news. 

Kitco news is syndicated worldwide and read by millions of investors each year. Kitco media also provides press releases about companies in the precious metals industry and partners with many companies to provide relevant news items for their websites.

Kitco Gold Index

chart of kitco's gold index

The Kitco Gold Index (KGX) is an exclusive feature that calculates the relative value of one ounce of gold against the world's other major currencies.

The KGX is a measure of how many U.S. dollars it takes to buy one ounce of gold and is a good way to keep informed about real-time fluctuations in the market. 

The Kitco Gold Index reflects the price of gold measured in terms of a portfolio that includes five major currencies instead of just one currency.

The KGX provides a more accurate measure for international investors because it reflects the true cost of buying or selling gold or converting gold sales profits into local currencies. 

The Kitco Gold Index provides the latest gold spot price in all major currencies, including U.S. Dollars, Canadian Dollars, Euros, Great British Pounds, Japanese Yen, and Swiss Francs.

The information is intended to be used as general market commentary and does not constitute investment advice.

Gold Investing Fundamentals

There are many different ways to invest in gold. You can buy gold-mining stocks, for example, or purchase physical gold, such as bars or coins. Investors can also buy options and futures contracts to take advantage of price changes in the market. 

The first thing to consider is that when you buy a stock, it represents an ownership interest in a company. When you buy gold, it is a tangible asset that serves as wealth insurance.

In other words, no matter what happens to the stock market, your economy, or any other factor, gold will continue to retain its value. 

Gold is primarily viewed as a long-term investment. Investors should plan on keeping a gold IRA account long enough to allow it to grow in value and outpace inflation. The typical recommendation is to keep gold for at least 3-5 years.

How to Open an Account

You can view Kitco's prices without creating an account. However, you will need an account if you want to buy precious metals from the company. Creating a Kitco account only takes a few minutes and is free of charge.

  • Step 1: Visit or click on "Open An Account" at the top right-hand corner of the home page and follow the prompts to register.
  • Step 2: The company will send a confirmation email with instructions on confirming and activating your new Kitco account. You will then be asked to provide some basic information about yourself and answer security questions that will allow you to log into your account in the future.
  • Step 3: After confirming your new Kitco account, you can place orders for any products offered on by adding them to your shopping cart and checking out through the secure payment system.

Shipping Information

Kitco offers a variety of shipping options. Insurance is provided automatically on all packages as a precautionary measure. Still, you can also choose to opt-out of the insurance coverage if you do not wish to purchase it.

  • Domestic Standard Shipping

Within Canada, Kitco ships via UPS Standard or Express Saver (depending on package size). Delivery times will depend on your location in Canada.

  • International Shipping

Kitco ships orders worldwide. For international orders, Kitco offers Federal Express International Priority and the United States Postal Service Priority Mail.

International for smaller shipments and Federal Express International Economy for larger shipments. Delivery time will depend on your location outside Canada.

Kitco Precious Metals IRA

Many Americans are turning to the stability of precious metals to protect the value of their retirement funds.

Kitco can help you set up a precious metals IRA with an administrator who will guide you through the process, including setting up a self-directed account and selecting a depository.   

The Kitco precious metals IRA is offered in partnership with New Direction IRA, a custodian specializing in IRAs and other tax-advantaged accounts. 

Kitco offers a wide range of bullion products eligible for an IRA, including gold bars and coins, silver bars and coins, platinum bars and coins, and palladium bars and coins.

Advantages of a Precious Metals IRA

The advantages of investing in a precious metals IRA are numerous. It's one of the best ways to diversify your investments and reduce risk, especially in today's volatile economy. 

Precious metals offer a great hedge against inflation and the ups and downs of the stock market. Another advantage is that you can hold the physical metal in your retirement account.

You can take possession of your metal or store it with a trusted custodian.

IRA Eligible Precious Metals

Gold, silver, platinum, and palladium are all allowed to be held in a precious metals IRA. The IRS allows these metals and certain alloys of these metals to be held in an IRA account.

The purity of the metals must be at least 99.5% pure and must meet standards set by the IRS. The specific products that qualify depend on a few factors, including the type of IRA you have and where you're buying the metals.

Kitco Reviews

Customers have good things to say about Kitco, with people praising their customer service, security, and the ease of placing an order. Customers who had a problem with their order were also pleased that Kitco worked to fix it as quickly as possible.

Kitco Gold reviews by customers are generally very positive. Kitco also has a high rating on Trustpilot and BBB. 

Kitco is one of the best places to sell gold online. They have a fantastic reputation, and they also offer the convenience of a quick sale and free shipping when you mail in your products.

The Support team has received many positive reviews from past customers, who were happy with their quick responses and helpful nature.

Pros and Cons


  • Shipping is quick, and it's fully insured.
  • The website is easy to use and well laid out.
  • They're experts in precious metals and a well-known name in the industry.
  • They offer a wide variety of investment options, including coins and bars.


  • High shipping charges for small orders.
  • They offer no discount for cash purchases.
  • No option to store your metals with Kitco.
  • More expensive than buying from a dealer or directly from a mint.

Is Kitco a Scam?

Kitco is not a scam. It's an established business with an A+ rating from the Better Business Bureau. The company has several decades' worth of experience and good reviews from customers online.

For over 50 years, Kitco has provided precious metal investors access to physical bullion, cutting-edge services, and market information.  Kitco is a legitimate precious-metals dealer and refiner.

The company buys and sells gold, silver, platinum, and palladium in various sizes and forms, from coins to bullion bars to scrap metal. You can be absolutely certain that Kitco will deliver the goods you purchased.


Kitco's main service is providing access to the latest gold and silver prices, actively updated at least four times daily. Kitco offers an excellent line of gold mint coins, and it does so at very competitive prices.

Hopefully, this Kitco review was able to help you gain more insight into these products, as there is no need to be timid about something so important. Always do your research, and let your gut guide you as you make your decision.

Kitco has a good track record in the precious metals industry, but we do not recommend them.  

They are not a scam, but you don't want to work with just any company when choosing precious metals investments, you want to work the the best of the industry.

Kitco is not the best choice for gold investments and certainly not IRA's, like other companies we have written about 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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