GMRGold Review: Is It the Right Choice for Investors?
Investing your savings in assets is an excellent strategy for individuals looking to take control of their financial future. With interest rates at an all-time high and economic uncertainty following the collapse of Silicon Valley Bank, many people are parking their capital in precious metals.
If you’re considering investing in gold, silver, platinum, or palladium as a way to protect your savings, there are many IRA providers and precious metal dealers in the country. With so many companies offering similar services, finding the one that best fits your needs may be challenging.
GMRGold is a precious metals investing firm that has been operating since 2013. With ethical business practices at its core, it aims to become the most respected gold, silver, platinum, and palladium advisory company in the United States.
In this GMRGold review, we will explore more about the firm, its products and services, and shipping details. We will also discuss whether or not you should consider working with this precious metals investing firm.
Let’s get started!
The top way to safeguard your retirement is to open a precious metals IRA. Check out the below providers and request a free kit. For more reviews, check out the best gold IRAS page.
Company | Personal Findings | Review | Free Guide | |
 | #1 Goldco | Best Overall Rating (Where I Invested) | ||
 | #2 American Hartford Gold | Best Buyback Program | ||
 | #3 Augusta Precious Metals | Most Educational ($50,000 Minimum) | ||
 | #4 Noble Gold | Best Metals Selection |
What Will I Learn?
- About GMRGold
- Quick Information
- Why Should You Invest with GMRGold?
- Is GMRGold a Precious Metals IRA Provider?
- What Are the Products on Offer at GMRGold?
- What Are the Shipping Options Available at GMRGold?
- Can You Sell Your Precious Metals to GMRGold?
- What Are the Advantages of Working with GMRGold?
- What Are the Drawbacks of Working with GMRGold?
- Is GMRGold Legit?
- Bottom Line: Should You Invest with GMRGold?
About GMRGold
GMRGold is a precious metals advisory company that helps its clients diversify their investment or retirement portfolios into precious metals. It specializes in rare coins, bars, rounds, and other bullion.
Located in The Woodlands, Texas, GMRGold has knowledgeable advisors with over 150 years of combined experience. These advisors not only provide market insights and advice on precious metals investing but also facilitate the purchase of rare coins on behalf of their clients.
According to the company’s website, GMRGold aims to provide its customers with the best precious metals at competitive prices. As a large business, it has the capacity to handle transactions over $2 billion in value.
With a commitment to providing the best customer service in the industry, GMRGold promises to ensure transparency while building a sustainable customer base.
Quick Information
Address: 25222 Glen Loch Drive, The Woodlands, TX 77380
Contact details: (877) 795-9585
Why Should You Invest with GMRGold?
There are several reasons why you should consider investing with GMRGold, some of which include the following:
The Advisors Have Extensive Experience
With decades of combined experience in precious metals investing, GMRGold is able to establish relationships with some of the most reputable organizations in the industry. The company is an authorized dealer and can provide impartial evaluations of precious metal coins.
According to its website, GMRGold is the largest precious metals IRA provider in the United States. It has a wealth of experience in helping customers diversify their investment portfolios and secure their future by investing in non-traditional assets that are right for them.
It Provides Expert Advice on Precious Metals Investing
Whether you’re interested in coins or other forms of bullion, GMRGold has advisors who can guide you in making informed purchasing decisions.
After assessing your investment goals, a precious metals expert will present the available options that cater to your specific needs. This personalized service increases buyer confidence.
The Company Aims to Build Strong Relationships
As mentioned earlier, GMRGold takes pride in providing excellent customer service. According to the company’s website, clients deserve transparency, competitive pricing, and year-round technical support.
Whether you seek advice or have questions, GMRGold offers various channels to get in touch with one of its representatives for assistance.
Similar Company Reviews:
Is GMRGold a Precious Metals IRA Provider?
Similar to a traditional individual retirement account (IRA), a precious metals IRA allows investors to purchase assets to secure their future. However, instead of stocks and bonds, investors can acquire gold, silver, palladium, and platinum coins, bars, and bullion.
An IRA is a great way to hedge against inflation, diversify your retirement portfolio, and protect your savings during economic uncertainty. Since precious metals have historically held their value and even increased over time, they present a fantastic opportunity for investors to protect their savings and grow their wealth.
Technically, GMRGold is not a precious metals IRA provider. The company has strong relationships with various IRA custodians and the expertise to guide customers in opening an account.
The following are the steps on how you can open an IRA with GMRGold:
Step 1: Select an IRA Custodian
GMRGold has partnered with Equity Trust Company, which makes it easy for potential customers to set up their IRAs.
To create an account, visit the link provided on the company’s website and select an IRA custodian (equity or any other). It is important to note that you must have a recent statement of your 401k or an existing IRA with you to complete the online application.
On the optional authorization form, there is a section where you can name a broker-dealer who can assist you in purchasing precious metals for your IRA. To work with GMRGold, type the company’s name and dealer number (34407) before clicking submit.
Step 2: Transfer the Funds
Once you have named the broker-dealer on the form, you need to indicate whether you want to roll over a portion of the funds from your existing IRA or the entire portfolio. To ensure a smooth rollover, it is advisable to notify your current custodian of the transaction.
The Equity Trust Company will facilitate the transfer by working with your existing IRA custodian. When the funds get credited to your account, you will receive a notification, enabling you to begin purchasing precious metals.
Step 3: Purchase Precious Metals
After receiving notification from the Equity Trust Company regarding the transfer, you must contact your portfolio manager at GMRGold. It is important to remember that you cannot purchase any precious metals for your IRA, as it must meet specific IRS requirements.
The advisor at GMRGold will guide you on the IRA-eligible precious metals that you can purchase for your account. Once you make the purchase, the company will transfer them to your newly opened IRA.
What Are the Products on Offer at GMRGold?
GMRGold offers a wide range of products, including the following:
Gold
Considered a great store of value in many countries, gold is a less volatile non-traditional investment asset. GMRGold provides various products in this category to choose from, including the following:
1-oz gold bars
5-gram gold bars
1-oz gold American Eagle
0.5-gram Cooks Islands Iron Maiden
2-gram gold bars
100-gram gold bars, and more.
Silver
While gold is popular for its aesthetic value, silver holds practical value and is widely used in various industries as a raw material. Investors often turn to silver and other precious metals in uncertain economic times.
GMRGold offers a range of products under this category, including the following:
1-oz silver round Buffalo Highland Mint
90% American silver coins
1-oz silver bars
100-oz Asahi silver bars
100-oz Valcambi silver bars
100-oz Germania silver bars, and more.
Platinum and Palladium
According to GMRGold, platinum is in short supply, leading to increasing prices. The company has strong relationships with major distributors, allowing it to offer a variety of products in this category, including the following:
1-oz platinum bar
1-oz Valcambi platinum bar
1-oz Argor-Heraeus platinum bar
1-oz Austrian Philharmonic
1-oz South African Big Five Elephant, and more.
Palladium is another rare precious metal that is highly sought after among investors. However, at the time of writing this review, it is sold out on the company’s website.
Regardless of the price point, GMRGold offers a wide array of precious metal products for investors to browse and purchase for their IRA. Whether you prefer personal delivery or shipping to a secure storage facility, the company has professionals to guide and assist you.
What Are the Shipping Options Available at GMRGold?
GMRGold provides various shipping options for customers, including the following:
Free shipping: Orders exceeding $75 in value qualify for free shipping. Most investors will be eligible for this, considering that some coins on the website are over $1,000. This offer applies to domestic orders.
Flat shipping rate: There is a flat shipping rate that applies to all domestic orders below $75. You may have to pay for delivery if you make multiple purchases instead of a single order exceeding $75.
If you’re placing an order from outside the United States, there is a minimum order value of $250, which you can pay by credit card.
Can You Sell Your Precious Metals to GMRGold?
According to the company’s website, GMRGold is a leading precious metals firm in the United States that buys authentic coins and bullion every day from clients across the country.
If you’re looking to liquidate some of your precious metals collection, GMRGold offers a free appraisal without any obligations. Below is the simple three-step process you should follow to sell your gold, silver, platinum, or palladium:
Call GMRGold: The company provides a free consultation. You can call the toll-free number, and one of the representatives will get in touch with you. They will ask you questions about the product you wish to sell and respond within 48 hours with an offer.
Ship your precious metals: After accepting the offer, you need to ship the coins or bullion to the company’s office. The representative will share the shipping address with you.
Receive payment: Once GMRGold receives and verifies the precious metals, it will transfer the money accordingly.
According to GMRGold’s website, the professionals working at the company have over 50 years of combined experience. They possess a deep understanding of the value of precious metals and strive to offer the best prices on the market. Furthermore, if you have a verified offer from other dealers, GMRGold will beat it.
What Are the Advantages of Working with GMRGold?
There are many advantages to working with GMRGold. Here are some of them:
It sells quality products: While GMRGold may not have the largest precious metals inventory compared to other dealers, the company remains dedicated to providing investors with the highest quality products. These include a diverse range of gold, silver, platinum, and palladium, including IRA-eligible items and rare or collectible products.
The company offers competitive prices: GMRGold strives to offer better prices to investors compared to smaller dealers. You can browse the product catalog and use filters to find the options that fit your budget.
It has an easy process: GMRGold takes pride in having the easiest buying and selling process. You can conveniently purchase through the website or call the toll-free number for assistance.
GMRGold will buy your precious metals: If you’re looking to sell your precious metals, GMRGold is worth considering. The company promises to buy your gold, silver, platinum, or palladium for the best price.
What Are the Drawbacks of Working with GMRGold?
GMRGold, like other players in the precious metals industry, has its drawbacks. Here are a couple of points to consider:
It Is Not BBB Accredited
Despite operating for nine years, GMRGold is not accredited by the Better Business Bureau (BBB).
The BBB is an organization that helps consumers identify trustworthy businesses. Due to the lack of accreditation, some investors may be hesitant to work with the company.
GMRGold Is a Relatively New Player
While the professionals at GMRGold have extensive combined experience in the industry, the company itself started in 2013.
As a relatively new dealer, some investors may feel less comfortable investing their funds and purchasing precious metals from a business with a short track record.
Is GMRGold Legit?
GMRGold is a legitimate precious metal investing firm in the United States, known for its extremely knowledgeable and passionate staff. While this is a critical aspect to consider, it’s also crucial to look at customer reviews to gain insights into the experiences of previous clients.
On Trustpilot’s website, GMRGold has received over 735 reviews, resulting in an impressive average rating of 4.6 out of 5 stars. 91% of the reviewers have given a 5-star rating, indicating a high level of satisfaction.
Most of the comments highlight GMRGold as a wonderful company that upholds ethical business practices. Many clients highly recommend GMR Gold for its excellent customer service. Several top comments on Trustpilot emphasize that GMRGold is the only company they trust due to its genuine care for building clients’ portfolios.
Negative reviews mainly mention issues related to order processing or instances where the company fell short of its promise of the best customer service.
However, GMRGold has responded to these comments, acknowledging any operational issues at the time and stating that it has since improved its services.
On the Google page, there are approximately 67 reviews for GMRGold, resulting in an average rating of 4.7 out of 5 stars. It’s common for readers to be skeptical about the authenticity of online customer comments. However, after carefully analyzing them, we found no evidence to suggest that they might be fake reviews.
Bottom Line: Should You Invest with GMRGold?
If you’re considering diversifying your retirement portfolio, many financial experts recommend allocating between 5% and 10% of your savings into precious metals.
The GMRGold website updates the prices of gold, silver, platinum, and palladium every 15 minutes, ensuring that potential clients have access to the latest prices and can make well-informed purchasing decisions.
While GMRGold reviews are positive, and the company enjoys a strong reputation in the precious metals industry, we do not recommend it, especially if you’re a new coins buyer.
There are many other precious metal companies available that offer educational guides, better pricing, and a larger inventory. Some of these online dealers even integrate advanced technology to facilitate efficient product management, an easy-to-navigate user interface, and live customer chat support.
About Arthur Karter
Hi, I’m Arthur, and nobody wants to wake up in their 50s like me that they are in serious debt with minimal assets. This wake-up call forced me to reevaluate everything. After going through the school of Hard Knocks, I’m ready to help you by sharing the best retirement choices and how they differ from all the same-old, same-old options that financial advisors sell. These alternatives will help you build and protect your wealth.
