Investing in precious metals like gold is often considered a safe haven for individuals who want to protect their wealth from economic uncertainties.
However, finding a trustworthy and reliable precious metals dealer can be challenging.
Blanchard Gold is one such US-based company that has been in the industry for over four decades and specializes in rare collectible coins, gold, platinum, and palladium.
While Blanchard Gold has established itself as a reputable name in the industry, it has also faced criticism and complaints from its customers about overpricing of rare coins, upselling investment opportunities, lagging customer service quality, and actively concealing negative reviews.
In this article on Blanchard Gold review, we will provide an objective analysis of the company's strengths and weaknesses based on customer feedback and company policies.
We will also compare Blanchard Gold with other investment firms in the industry to help readers make informed decisions when investing their money in precious metals.
Before we get started, investing your savings is a serious task. When it comes to adding precious metals to your portfolio, how do you know which companies to trust?
That is why we have researched every company in the industry and selected the very few with the highest customer service standards.
This way you can easily compare the best companies in the business, and choose one that fits your needs and investment goals.
Or
Get a FREE Gold Information Kit from our #1 recommendation, by clicking the button below:
Get the FREE Gold Kit smart investors are using to protect their retirement savings.
About Blanchard Gold
Examining the history and reputation of a precious metals dealer is crucial in determining their legitimacy, as factors such as fair pricing, timely communication, and quality customer service are essential components that should be considered.
Blanchard Gold is an established US-based precious metals dealer that has been operating since 1975. The company specializes in rare collectible coins, gold, platinum, and palladium.
The company has received several complaints about overpricing of rare coins and upselling investment opportunities.
Blanchard Gold's reputation has been tarnished by negative customer reviews on third-party watchdog sites such as Trustlink and Ripoff Report.
While Blanchard Gold is not listed on Trustlink, this could serve as a warning sign for potential customers seeking reputable companies.
Two complaints have been raised against Blanchard Gold on Ripoff Report further highlighting concerns about the quality of customer service provided by the company.
Investing in precious metals can be an effective strategy for retirement holdings and financial safety nets during crises.
When choosing among various precious metals investment companies available in the market today, it is important to carefully consider factors such as reputation for fair pricing and high-quality customer service before making any investments.
In this regard, Blanchard Gold may not be the best choice for those interested in investing in gold bullion due to its overpriced rare coin offerings and lacklustre customer service record.
Background on Blanchard
The history and longevity of an investment company can provide insight into its experience and expertise in the market, especially in the case of an industry such as precious metals that has a complex set of regulations and requirements.
Blanchard Gold has been operating since 1975, making it one of the established precious metals dealers in the US. The company's founder was instrumental in advocating for people's right to own precious metals as an investment during the 1970s movement.
Blanchard Gold specializes in rare collectible coins, gold, platinum, and palladium.
While gold is usually bought as bullion or coins, platinum and palladium are purchased as bullion. The company offers a wide range of gold coins to choose from.
Blanchard seems to focus more on rare coins than other investment firms that specialize in helping clients roll over their existing IRA or 401(k) into precious metals.
A reputable dealer is crucial when investing in precious metals because it involves large sums of money. Blanchard Gold has been accredited with BBB since 1982 but faces increased complaints about overpricing rare coins and upselling investment opportunities at high rates.
Trustlink and Ripoff Report are third-party watchdog sites for customer reviews where Blanchard is not listed on Trustlink - which can be seen as a warning sign - while two complaints have been raised against them on Ripoff Report.
Investors looking for reliable companies with exemplary customer service may need to look elsewhere than Blanchard Gold.
Why Put Gold in Your IRA?
Investors are increasingly placing physical gold in their IRA accounts as a reliable and secure asset that retains its value and even increases in times of economic crisis.
Gold is widely regarded as an effective hedge against inflation and currency devaluation, making it a popular choice for those looking to protect their retirement savings.
Blanchard and Company, a US-based precious metals dealer since 1975, specializes in rare collectible coins, gold, platinum, and palladium.
While the company offers a wide range of gold coins that can be used for IRA investments, they lack expertise in IRA planning when compared to other gold companies.
Investing in IRA-approved gold is particularly attractive because it allows investors to diversify their portfolios with tangible assets that have intrinsic value.
Unlike paper assets that can easily become worthless during economic downturns or political turmoil, precious metals like gold hold their value over time.
Adding physical gold to an individual retirement account (IRA) has become a popular way to protect one's financial future from economic uncertainties.
While Blanchard and Company offers a variety of rare collectible coins and other precious metal products suitable for IRA investments, customers should conduct thorough research before working with them.
It is important to work with reputable gold companies that have extensive knowledge of IRAs if one wishes to make the most out of this type of investment opportunity.
Customer Feedback
Analysis of customer feedback reveals a mixed reception towards the quality of service provided by Blanchard Gold, a US-based precious metals dealer.
While some customers have reported satisfactory experiences and recommend the company to others, there are many more negative reviews about overpricing rare coins and upselling investment opportunities.
Blanchard has been accused of concealing negative reviews and lacking expertise in IRA planning compared to other companies.
The high number of complaints against Blanchard suggests that the company may need to improve its customer service and transparency to better meet customer needs and expectations.
Many customers have noted that other investment firms offer better quality service and smoother investment processes.
The fact that Blanchard is not listed on Trustlink, which is a third-party watchdog site for customer reviews, could also be a warning sign for potential clients.
While some customers have been satisfied with their experience with Blanchard Gold, there seem to be more negative than positive reviews about the company's services.
This indicates a potential need for improvement in areas such as pricing transparency, customer service quality, and expertise in IRA planning compared to other companies.
As investing in precious metals can be crucial for retirement holdings and financial safety nets during crises, it is important for potential clients to carefully consider all options before choosing an investment firm.
Complaints
The negative feedback and lack of presence on third-party watchdog sites indicate potential issues with Blanchard's pricing transparency, customer service quality, and IRA planning expertise compared to other companies in the precious metals investment market.
Customers have raised multiple complaints about overbilling, hidden fees, incorrect products delivered, long delivery times, unfulfilled guarantees, and high commission rates on rare coins.
These complaints suggest that Blanchard may not be providing satisfactory services to its consumers.
Blanchard's absence from Trustlink can also serve as a warning sign for potential investors.
Trustlink is a third-party watchdog site where customers can leave reviews about their experience with companies in the investment market.
The fact that Blanchard is not present on this platform suggests that they may not be interested in seeking honest feedback from their customers or addressing any concerns that arise.
It appears that Blanchard Gold has been facing several complaints related to their customer service quality and pricing transparency.
While they do offer a 10-day satisfaction guarantee and buy-back policy for rare precious metals, it may be advisable for people to seek out other companies with better customer service records when investing in gold or IRAs.
Trustlink and Ripoff Report
Moving on from the consumer complaints against Blanchard Gold, it is worth examining third-party watchdog sites that review customer experiences with investment firms.
Trustlink and Ripoff Report are two such sites where customers can leave their reviews about a company they have worked with.
As of now, Blanchard Gold isn't listed on Trustlink.
This absence of positive or negative reviews on the site might be due to a lack of technical expertise, but it can also serve as a warning sign for potential clients.
On the other hand, two complaints have been raised against Blanchard Gold on Ripoff Report.
One of these complaints highlights an ongoing problem that customers seem to have faced while working with the company: the exorbitant markup prices of rare coins.
While it is challenging to determine the rate at which these coins have been marked up since their market value fluctuates based on demand and bid prices, several customers have repeatedly complained about this issue.
The second complaint alleges that Blanchard Gold isn't transparent about its pricing policies.
According to this complaint, some customers ended up paying much more than initially quoted because the company changed its product prices without consulting them beforehand or informing them about lock-in policies for lower prices.
This lack of transparency regarding pricing can lead to distrust among clients and negatively impact their experience with the firm.
Blanchard Gold Company Policies
This section examines the policies of a US-based precious metals dealer and their potential implications for customers looking to invest in tangible assets.
Blanchard Gold offers a 10-day satisfaction guarantee and buy-back policy for rare precious metals, which is standard in the industry.
It is important to note that the 10-day money-back guarantee kicks off at the moment you get your coins, not after they ship.
This can take almost two weeks to ship within the US and even longer for international shipping.
While Blanchard Gold's policies are standard, several other gold investment companies offer better customer service and smoother investment processes.
In terms of customer resolution, Blanchard Gold's policy states that if you receive the wrong product you can return it and receive your money back.
It is crucial for customers to read through all fine prints before making any transactions with the company to avoid disputes or dissatisfaction with their purchase.
While Blanchard Gold has standard policies similar to those in the precious metals industry, individuals seeking exemplary customer service may want to consider other companies.
Blanchard Gold Shipping Policy
Investors can ensure the safe delivery of their precious metals investment with Blanchard Gold's discreet shipping policy and full insurance coverage, providing a sense of security during uncertain times.
When an order is placed, it will be shipped through reputable carriers such as FedEx, USPS, or UPS, and verified at the time of shipping.
Clients are given a tracking number to monitor the delivery progress and must sign for the package upon receipt.
Blanchard Gold charges a flat fee of $23 for shipping and insurance on orders worth less than $300. This is regardless of where investors are located in the US.
For orders above $300, Blanchard offers free shipping and insurance protection covering any loss or damage during transit.
Investors may also have to pay a state-based shipping tax depending on their location.
In case clients miss delivery after three attempts by carriers to obtain signatures, Blanchard Gold has a buyback guarantee policy that ensures they get their money back if packages get lost in transit.
If delivery fails multiple times due to unavailability, arrangements can be made for clients to pick up their package at secure facilities convenient for them.
The company maintains discretion when packaging all orders so that there are no details about contents or senders visible on the packaging material.
Conclusion
Blanchard Gold is a well-established firm that offers precious metals investment opportunities to clients in the US.
However, the company faces complaints about overpricing of rare coins, upselling investment opportunities, and lagging customer service quality.
Despite these challenges, Blanchard Gold has gained a reputation for offering a wide range of gold coins and helping clients protect their wealth with tangible assets.
The firm also provides an attractive option for investors looking to add diversity to their retirement portfolio through gold IRA investments.
It is essential for potential investors to research and evaluate any investment opportunity before making a decision.
The adage 'knowledge is power' rings true when considering investing in precious metals or any other type of asset.
While Blanchard Gold has both strengths and weaknesses as an investment firm, it ultimately comes down to what each individual investor prioritizes in their investment strategy.
As with any investment decision, due diligence is critical to ensure that you make informed choices that align with your financial goals and objectives.