The US suffered great damages from the recent economic crisis in 2008 and people are still struggling. There are more and more people who end up losing all their retirement savings and have to work past their retirement age.
The good thing is you can protect your savings and in some cases even get to witness a rise in your net worth with a gold IRA. This is possible because gold and other precious metals have a tendency to increase in value in times of economic hardship or maintain their value in good times.
Our review of Siegel Jewelers helps you find out whether it is a good fit for both you and your investment strategy.
Siegel Jewelers Services
As suggested by their name, Sigel Jewelers is a company specializing in jewelry. However, they provide other services as well which you might find useful. Among these, the most noteworthy are their gold and diamond buying services and their appraisal services.
It’s unfortunate that there isn’t much information on these services on their website besides “See store for details”.
Apparently they do not have mail-in service and so if you aren’t living in Grand Rapids Michigan you’re out of luck because their store is located there.
Customer Reviews
In this part of our Siegel Jewelers, let’s look at what people have to say about this company, both positively and negatively.
This individual found the high level of customer service at Siegel Jewelers impressive:
This customer, on the other hand, reports having her watch allegedly damaged and being put through an ordeal by an employee:
We brought the damaged watch back to Siegel to hear them claiming that we would have to pay $350 for the “routine cleaning”. Eventually we checkout with the brand manufacturer and found that it was not right. They only admit that the “battery leaked” after they were pressed, which was again not true.
The damage was caused by water leaking (and they SHOULD have taken over the repair even if the battery they replaced DID leak within only a year). We could not locate the receipt so we visited the store to be told by the clerk how all records of battery replacement for the watch (over the past 10 years) have somehow magically “disappeared”. This way we have to go over historical charge statements in order to verify the date when the watch’s battery was replaced.” – Catherine
In response to the previous review, Jim S. of Siegel Jewelers wrote:
As the owner of Siegal Jewelers, I want to personally apologize to you and let you know that we would do anything to make it right for you. We are deeply sorry for the unwanted trouble and confusion that you had to go through.
We have dealt with the employee who provided you with the misinformation and can assure you this problem will never occur again. We truly appreciate your honesty and wish you all the best.
Thank you and hope to see you again at Siegel Jewelers!” – Jim
This customer below found the product selection here impressive:
The overall scores for Sigel Jewelers appear to be mostly positive:
A- – BBB
4.5/5 – Google Reviews
Final Verdict
Siegel Jewelers appears to be quite a good location for purchasing jewelry and other services such as gold and diamond buying, appraisal, etc. For the most part their customer feedback has been good and issues like the above-mentioned case seem to be rare as well.
Nevertheless, their website is about investment in gold and precious metals so I have to score Siegel Jewelers accordingly. It’s unfortunate that I’m not certain whether they purchase investment grade metals or not so the final scores for this review are:
?/10 – as an option to liquidate your precious metals
8/10 – as a jewelry store
If you need to have some of your precious metals liquidated and you’re also living in the Grand Rapids area, it cannot hurt to give them a visit to see what they can do.