GoldBroker Company Investment Review
Gold Broker is a mystery to most at first glance. Finding information about them can be difficult unless investors know to look under the name of the listed company FDR Capital. Gold Broker at its basis, is a custodian of bullion. In turn itsells gold, silver, platinum, and palladium bars and coins. It maintains offices in New York City, Malta, and London. Malta headquarters the parent company and location of their back office.
The company is targeted on the importance of physically held gold or silver bars and coins that are corralled and stored outside any traditional banking system. To this effect, they offer secure allocated storage for precious metals in numerous countries. They help investors with an offshore and discreet storage possibility for gold and silver is really GoldBroker.com's strength and overall purpose. Their corporate vision revolves around helping holders of precious metals navigate this process simply.
The company exists primarily as an online platform that has a friendly user interface. They sell investors gold and silver bullion bars and coins (and a limited selection of platinum and palladium bullion) and also will purchase them back in accordance to their buy back program. They allow the owners of precious metals to keep these holdings completely in their own name with full ownership of the precious metals with no third party involvement. To get started, clients must purchase a $5,000 minimum quantity of gold or silver. They offer one ounce gold and palladium bars. Coin purchases start at 10 ounces of gold as 10 rolled one ounce coins or 450 -500 ounces of silver in monster boxes of silver coins.
Purchasing Physical Gold and Silver with Goldbroker
Gold broker offers mostly gold and silver bars and some coins. They periodically have listed a few choices in platinum and palladium bars. Most of their products are offered in large quantities, such as 10 ounce rolls of gold coins or 400-500 large boxes of silver coins. They have begun offering these coins and smaller sized one ounce bars of gold, platinum, and palladium alongside their traditional larger gold and silver bars. The bigger bars start at 15 ounces of gold and range up to 1,000 ounces of silver. They will buy back any of the products which they sell once you contact them and discuss what quantity you wish to liquidate.
Some of the products are not approved for IRA accounts, and neither is their offshore storage solution allowed by the IRS.
Should I buy Physical Gold and Silver?
Buying Physical Gold and Silver can pose different obstacles depending on the investor's capital and risk levels. Liquidity and and law can often play a role in the decision making process. Read more on GoldBroker to see if they have the necessary fitting pieces for your specific situation.
GoldBroker Products Review
GoldBroker are registered in London, but they have offices around the world, including in New York and Toronto, and they also have vaults located in Singapore and Switzerland. These vaults are pivotal to their operations. At GoldBroker the bullion you purchase isn't always shipped to your home, but can also be stored in one of their vaults. GoldBroker have a higher minimum order to cover the costs of what is a very expensive process, while still ensuring that they can offer bullion at close to spot price. Because of this, they tend to be aimed at large-scale investors, people investing tens of thousands or even hundreds of thousands at a time.
GoldBroker have a fee to keep your gold or silver in their vaults, but with some of the best security in the world, as well as comprehensive insurance coverage against the worst case scenario. It can be argued that there is high value in this proposition. When the time comes to profit from your investment, you can either arrange shipment from one of their vaults, or you can sell it directly from that vault, effectively profiting from your bullion without ever laying your hands or your eyes on it.
Other benefits to GoldBroker include:
- Visit: You can arrange to see your bullion in their vault.
- Outside Banking System: The vaults and the bullion within are stored outside of the central banking system, which means that the government cannot get their hands on it.
- Self-Delivery: You can save on delivery costs by arranging the transport, the time and the transit yourself.
At the point of purchase, you will be given the choice for “Storage”, “Personal Pickup” or “Delivery”, and you can also arrange for one of the latter two even if you have previously stored the bullion.
GoldBroker make sales in bulk gold and silver, focusing on historically popular bars and coins. These include legal tender coins such as the US Mint Buffalo, the silver Hawksbill Turtle and the Silver Kangaroo, as well as casted bars and minted bars,. PAMP and the Royal Canadian Mint. All coins need to be bought in Monster Boxes. While bars can be bought on the individually level if it meets weight requirements.
Conclusion on our Goldbroker review
GoldBroker is outstanding, but only if you fit into the demographic that they are selling to. Let’s be honest, most bullion collectors are buying small amounts. Usually not much more than a handful of ounces of silver or 1 or 2 ounces of gold per transaction. Many small-time collectors may have over $15,000 worth of bullion in their possession, but it tends to be an investment that they have bought into over time, likely even several years. These collectors will not have any interest in GoldBroker, and with minimum orders in the thousands, GoldBroker doesn’t have any interest in them either.
There are products that can be bought for around $1,500, including 1 kilo silver bars, and products that can be bought for around $3,000, including Monster Boxes of 250 coins. However, the planned execution is definitely on large orders, and the average minimum order is above $5,000.