Blanchard and company is one of the numerous alternative assets investing companies in the US. This article looks at Blanchard and Company Gold reviews by customers to determine whether they are a reputable company or scam, and whether you should entrust them with your hard-earned money.
Before you read the rest of this review, we recommend you get our FREE Gold IRA Guide.
Table of Contents
- 1 Overview-Who Is Blanchard Gold?
- 2 Blanchard Gold Products
- 3 Company Info
- 4 Location:
- 5 Address:
- 6 Years in Business:
- 7 Blanchard and Company IRA Fees
- 8 Advantages of Choosing Blanchard and Company
- 9 Expert Staff
- 10 Informative website
- 11 Extensive Selection of Products
- 12 Buy-back Guarantee
- 13 Disadvantages of Choosing Blanchard
- 14 Lack of An Online Application Form
- 15 Slow Account Setup Process
- 16 Lack of Free Investment Kit
- 17 Blanchard and Company Gold Reviews and Complaints
- 18 Should You Consider Blanchard Gold For Your IRA Rollover?
- 19 Blanchard and Company Gold Reviews-Conclusion
Overview-Who Is Blanchard Gold?
Blanchard Gold, or simply Blanchard, is an alternative assets investing company based in New Orleans. The company was founded in 1975 by Jim Blanchard to help people protect and enhance their wealth by investing in precious metals and rare coins. Though the company is more involved with numismatic coins, they also offer Gold IRA services.
Blanchard Gold Products
Their products include gold and silver bullion and rare coins. If you are into Gold IRAs, you have the option to invest in either gold or silver, as they have IRS-approved coins and bars for this purpose. Blanchard also gives you the opportunity to sell your precious metals possessions to them at current market prices.
909 Poydras Street
New Orleans, LA 70112-4000
Years in Business:
Blanchard and Company IRA Fees
Blanchard and company offers a scaled fee structure. The initial account setup fees amounts to $25. Annual administration fees range from $60 to $250 while annual storage fees amounts to $100. Minimum purchase amount is $10, 000.
Advantages of Choosing Blanchard and Company
Blanchard and Company has some of the best account executives in the industry. The company has been around for decades hence they’ve gained immense experience on matters precious metals. You will have all your questions answered by their knowledgeable staff.
Their website is well designed and easy to navigate. You will find all information related to precious metals investment presented in an easy-to-digest manner. You will also find information on gold prices (and other metals) on the company’s website.
Extensive Selection of Products
Blanchard and Company has a massive selection of IRA-worthy precious metals and rare coins. This gives you the opportunity to select the products that meet your investment needs.
Their buy-back guarantee enables you to buy metals from Blanchard and sell back to them at a later date. Most precious metals companies don’t have this arrangement.
Disadvantages of Choosing Blanchard
Lack of An Online Application Form
Unlike other companies, Blanchard Gold lacks an online IRA application form which makes it difficult for newbie investors to set up a Gold IRA account.
Slow Account Setup Process
There is no guarantee that you will have your IRA/401k rollover process expedited as fast as you would like due to lack of online application which makes the process a bit slow. This is what makes some investors dislike Blanchard Gold.
Lack of Free Investment Kit
There’s no free Gold IRA Rollover Kit offered by Blanchard Gold. As you might know, a free kit is crucial as in contains information about the company, metal prices, and crucial information on pitfalls associated with IRAs such as tax penalties and scams to help you safeguard your hard-earned money. You can learn more about a Gold IRA rollover Kit on this page.
Blanchard and Company Gold Reviews and Complaints
Blanchard is accredited with the Better Business Bureau (BBB) since 1982 and has an A+ rating and a few customer complaints. The company has zero customer reviews on Business Consumer Alliance (BCA) and is rated BBB by the platform. On Trustlink, Blanchard Gold has 1 star rating from only 1 negative review by a client. On Facebook the company has 3.9 out of 5 from the opinion of only 11 people.
Should You Consider Blanchard Gold For Your IRA Rollover?
As you can see, Blanchard and Company has a lot of shortcomings. First and foremost, scaled IRA fees make you lose more money on administrative and storage fees and this can decimate your IRA account resulting in huge loses overtime. Secondly, the company makes the rollover process a tedious and slow undertaking by not availing an online application form on their website. Lastly, there is no free investment Kit to guide newbies on Gold IRA matters.
We recommend companies that offer flat fee structure as opposed to a scaled fee structure. We also like companies that offer a free Gold IRA Kit. Read this article to learn about our top-rated Gold IRA Company in 2022.
Blanchard and Company Gold Reviews-Conclusion
We hope you enjoyed reading our Blachard and Company Gold reviews. Blanchard is one of the most popular Precious Metals dealers in the US. It is also regarded as one of the oldest companies in the country, with over 40 years in business. The company has had success and a large client base hence it ranks among the best alternative assets companies in 2022.
However, it’s worth noting that Blanchard has its negative side, as depicted by few customer reviews and complaints on Trustink, Facebook, BCA and BBB. They also charge scaled fee which makes running a Gold IRA account a nightmare for many investors.