Are you interested in learning more about Only Gold? Want to know whether this precious metals company is legitimate or a scam? Then you must attentively read this Only Gold review. Here, we evaluate their dependability based on customer reviews and ratings, categories of products and services offered, and other factors.
What is Only Gold?
Only Gold is a precious metals company based in Phoenix, Arizona that trades bullion coins and bars. The company was established in 1981, making it one of the earliest precious metals dealers in the United States. Only Gold offers its products and services from its physical location in Phoenix, as well as via mail order from its website.
Do they Offer Gold or Silver IRAs?
Unfortunately, Only Gold does not offer precious metals IRA services. They specialize exclusively in selling precious metals. Consequently, if you wish to convert your current IRA or 401k to gold for diversification and protection purposes, you may wish to check out our recommended Gold IRA provider here.
Only Gold Products
Despite the name “Onlygold,” this company specializes in a variety of products other than gold. These include silver, palladium, and platinum coins. American Gold Eagles, American Silver Eagles, Canadian Gold Maple Leaf Coins, Canadian Silver Maple Leaf Coins, Krugerrand Gold Coins, and Numismatic Coins are examples of available products in their catalog.
Company Info
Location:
Phoenix, Arizona.
Address:
4216 West Dunlap Ave
Phoenix
AZ 85051- 3654
Year Founded:
1981
CEO:
Mr. Richard L. Smith
Website:
www.onlygold.com
Overall Rating
[usr 2]
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Pros of Only Gold
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A Wide Selection of Products
Only Gold stocks a vast array of precious metals, including gold, silver, platinum, and palladium bullion coins and bars. This provides customers with the option to select investment products that satisfy their specific requirements.
Cons of Only Gold
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High Minimum Purchase Requirement
Their minimum purchase quantity for gold products is 10 ounces, which is prohibitively expensive for modest investors. If you have a high net worth, however, this policy may not be cause for concern.
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Confusing Name
The name ‘Only Gold’ leads most people to believe that the company only deals in gold bullion. However, the company also trades in a variety of valuable commodities.
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Does Not Offer Precious Metals IRAs
If you wish to invest in a Gold or Silver IRA, Only Gold may not be the best option for you. This company will not assist you in establishing a Gold IRA Account because they do not offer precious metals IRAs. Their sole occupation is selling precious metals.
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Insufficient Customer Reviews
Even though the company has been in business for decades, there are not enough online customer reviews to determine its credibility. This is very unusual for an established precious metals company such as Only Gold.
Customer Reviews and Ratings
Our Only Gold review would be incomplete without considering online customer reviews and ratings. Only Gold has been accredited by the Better Business Bureau since 1999, but the platform contains no reviews, ratings, or complaints. Additionally, Only Gold has no reviews on Trustlink, Business Consumer Alliance, Ripoff Report, Trustpilot, or Yelp. This absence of customer reviews is a major red flag that should not be ignored.
Is there a Better Alternative?
Yes, our top-rated precious metals IRA provider offers not only exceptional bullion products and numismatics but also precious metals IRAs if you wish to roll over your IRA/401k into precious metals. Click the link below for more information on them.
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Is Only Gold a Scam or a Legitimate Company?
Only Gold is a legitimate company that has been accredited by the Better Business Bureau since 1999.
Alternatives to Only Gold
Only Gold Review Conclusion
Thank you so much for reading our Only Gold review. Despite being in the precious metals industry for four decades, Only Gold lacks reviews and ratings on consumer protection websites. The company must provide superior customer care and a variety of products in order to garner positive online reviews. In addition, they should consider offering gold and silver IRAs as a portfolio diversification strategy to remain competitive in the precious metals industry.
