Investment in gold IRAs is a wise move at the moment, considering the chaotic economy that could destroy your entire hard-earned savings any time if you leave them unprotected.
In this review, we are going to examine a company named Gold Buyers of America to find out whether they have what it take to help you with your investment strategy.
Gold Buyers of America Review
You can expect Gold Buyers of American to offer the type of service which similar companies offer: they purchase gold from you and give you cash in exchange. Below is the list of what they would buy taken from their website
- 10k GOLD
- 14k GOLD
- 14kw GOLD
- 18k GOLD
- 18kw GOLD
- 22k GOLD
- Silver serving sets (complete or incomplete sets)
- Bracelets (in any condition)
- Necklaces (any condition)
- Gold watches
- Silver & Gold coins
- Dental Gold
- Class rings
- Estate jewelry
I could not find any information regarding investment grade gold, so I’m not sure whether you could use them to liquidate your assets or not, unfortunately.
The company offers two methods for you to sell gold: by requesting a gold pack via mail or by visiting one of their stores. What I like about them is that for the first method, you will be paid overnight once your gold is approved.
As usual, in this part, we are going through several reviews of Gold Buyers of America from their previous customers in order to understand better the way they do business.
The first customer was not satisfied with the amount of money the company offered for his jewelry:
This review came from someone from the inside – an employee of Gold Buyers of America. He was not happy with both the way the company does business and the way they treated him:
This customer felt like he was ripped off by the company
I managed to find some ratings of Gold Buyers of America from different sources and they are quite bad:
WARNING – I also found on BBB an alert for Gold Buyers of America, which reads as follows:
On February 21, 2012 Better Business Bureau made a request to Gold Buyers of American, LLC to substantiate the following advertising claims shown on their website or to make changes to their advertising to reflect a more accurate statement:
1. “We are the largest gold buyer in America”.
2. “25 years in the industry”.
Until May 29, 2012, Gold Buyers of America have not modified their advertising yet. For more inf, click HERE
In my opinion, Gold Buyers of America’s services are, unfortunately, average at best, since the company does not have anything unique to distinguish themselves from their competition.
What’s worse is that the reviews and ratings they received are mostly negative. Most of the complaints I found were about their service and pricing. As a result, I decide that my final score for Gold Buyers of American would be: 2/10
I definitely do not recommend you to use Gold Buyers of America’s service to liquidate your assets unless they start doing business better.