Anyone who is into precious metals investing would want a reputable company to work with. However, with numerous companies popping up every year, it can be extremely difficult to choose a credible one. In this review about Goldworth Financial, find out whether they are legit or scam, and whether there is a better alternative out there.
Attention: Goldworth Financial has closed indefinitely. Please read about our Top-rated Precious Metals IRA Company instead.
Table of Contents
- 1 What Is Goldworth Financial?
- 2 Goldworth Financial Products
- 3 Company Info
- 4 Location:
- 5 Address:
- 6 Year Founded:
- 7 Managers:
- 8 Website:
- 9 Overall Rating:
- 10 How Does It Work?
- 11 Goldworth Financial IRA Fees
- 12 Advantages of Choosing Goldworth Financial
- 13 Awesome Website
- 14 Wide Selection of Products
- 15 Disadvantages of Choosing Goldworth Financial
- 16 Exorbitant IRA Fees
- 17 Lacks Customer Reviews
- 18 Accreditation & Customer Reviews
- 19 Should You Invest With Goldworth Financial?
- 20 Is Goldworth Financial Legit or Scam?
- 21 Summary
What Is Goldworth Financial?
Based in Woodland Hills, California, Goldworth Financial is a precious metals company founded in 1999. This company not only source metals from domestic market, they also have direct access to foreign markets, which sets them apart from other firms. Precious metals offered by Goldworth Financial are mostly cheaper as they operate without middlemen in between. Access to foreign markets also means the company saves you the headache of setting up foreign bank accounts to acquire metals from overseas.
Goldworth Financial Products
Precious metals such as gold, silver, platinum and palladium are offered by the firm. These metals are mainly in the form of coins and bars. Also, rare coins and foreign coins are available in plenty. Precious metals IRAs are also offered which is a great opportunity for those looking to protect their savings from economic instability. Goldworth Financial’s website is easy to navigate and you will rarely face any difficulty selecting your products or opening a self-directed IRA.
Los Angeles, California
6520 Platt Ave #172, West Hills, CA 91307, United States
Overall Rating:(1 / 5)
How Does It Work?
Goldworth Financial has simplified the process of purchasing metals by designing a user-friendly website. Right from the home page, you can easily navigate to other sections of the website. Product catalog is neat and product listings and prices are prominent to enable you make your selections quickly. You can also set up a self-directed IRA very quickly and have eligible metals added to your portfolio. Additionally, a secure checkout guarantees security of your financial transactions with the company.
Goldworth Financial IRA Fees
The saddest part is that Goldworth Financial charges scaled fees, which as you might know, can get quite expensive in the long run. For example, storage fees are set at 0.6% of your account value, hence the more you invest, the more fees you will incur. Account set up fees are set at $140-$290 while admin fees range from $75-$295. In short, Goldworth Financial’s fees will inevitably get expensive as your account grows. Now, let’s move on and have a quick look at the pros and cons of Goldworth Financial.
Advantages of Choosing Goldworth Financial
One aspect that Goldworth Financial has excelled in is website design. A user friendly design allows customers to purchase metals without needing much assistance. There is also lower chances of making errors while placing your order. Moreover, their website avails lots of information regarding precious metals which is highly beneficial to newbie investors.
Wide Selection of Products
Direct access to both local and foreign markets has enabled the company to stock a variety of precious metals. Their product selection is large and you can always find every kind of bullion or rare coin you are looking for.
Disadvantages of Choosing Goldworth Financial
Exorbitant IRA Fees
As we have already mentioned, Goldworth Financial charges sliding scale fees for IRAs. Scaled fees are known to be very expensive as they tend to increase as you invest more. We recommend you choose a firm that offers flat-rate fees to avoid losing your hard-earned money on unnecessary charges. You may want to check out our recommended precious metals IRA Company that charges flat rate fees on this page.
Lacks Customer Reviews
There are no customer reviews of Goldworth Financial on reputable consumer protection websites such as the Better Business Bureau despite the company having been in business since 1999.
Accreditation & Customer Reviews
Goldworth Financial has neither reviews nor complaints posted on the Better Business Bureau, despite having been rated A+ by the platform. The company also lacks customer reviews and ratings on the Business Consumer Alliance, Trustlink and Trustpilot.
Should You Invest With Goldworth Financial?
Latest information indicate that Goldworth Financial is out of business. Actually, the company has closed indefinitely over unknown reasons. Thus, you should be thinking of an alternative firm that can offer you awesome products and services. Our top-rated precious metals company, Goldco, has all the qualities of a remarkable precious metals firm, especially with their precious metals IRAs. You can learn more about Goldco via the link below.
Is Goldworth Financial Legit or Scam?
Goldworth Financial has been serving investors for years and they also have a physical address. The firm is accredited with consumer protection platforms such as the BBB, which means they are legit and not a scam. The only issue is the unknown owners and lack of reviews which raises eyebrows.
Goldworth Financial is a precious metals firm based in Los Angeles. With a direct access to foreign markets, the company can source metals directly from overseas and save customers the hassle of setting up foreign bank accounts. Also, they offer a wide selection of products and their website design is awesome.
On the downside, Goldworth Financial’s IRA fee structure forces you to pay more for storage and administration. What is more, the company lacks reviews and testimonials on all 3rd party consumer websites which is quite suspicious.