Blanchard Gold Reviews

Introduction

In the United States, Blanchard & Company, also known as Blanchard Gold, is a reputable precious metals dealer that has been in business for a long time. It is today one of the gold industry’s most successful and well-known enterprises, making it one of the largest. 

After the founder of Blanchard Gold, Jim Blanchard ran a marketing effort that was successful in pressuring the government to allow private ownership of gold, Blanchard Gold was established in 1975.

This family-run company helps its clients apply the tried-and-true strategy of preserving wealth by building a diversified portfolio of priceless tangible assets. 

This review helps you determine whether Blanchard Gold is worth it. 

Here is a link (below) to the Blanchard Gold Google Business page if you would like to read some of their reviews.

Blanchard Gold Reviews

Here is a link in case you would like to leave a review of Blanchard Gold yourself.

Leave a Review for Blanchard

How Does Blanchard Gold Work?

How exactly does the procedure for placing an order for precious metals on Blanchard work? You have the option of either having one of their employees make the order for you over the phone or doing it yourself through a safe online order. Both of these options are available to you. The following is how it works:

Step 1: All you need to do is register for an account on the Blanchard Gold website. This can be done in a matter of minutes by calling the customer service number.

Step 2: Add funds to your Blanchard account using the method of your choice to send payments.

Step 3: Place your order by using their online checkout system or by calling a person to assist you over the phone with the transaction.

Step 4: Here, your order is processed, and depending on the type of investment you made, it is either sent to the custodian of your IRA or it is mailed directly to you.

Augusta Precious Metals

Products and Services Offered by Blanchard Gold

Blanchard Gold provides a wide variety of goods and services to its customer base. Rare coins, as well as precious metals such as gold, silver, palladium, and platinum, will be available for purchase by customers.

Gold IRA

The first thing that a lot of customers do when they visit the site is look at the gold coins that are for sale there. The American Eagle and the American Buffalo are just two of the designs that can be seen on the large selection of one-ounce gold coins offered by Blanchard Gold. There are a variety of these coins that can be purchased for close to $30 each.

Gold Bullion Coins with Fractional Values

Gold bullion coins that weigh less than a complete ounce are said to be fractional gold bullion coins. The most affordable options for customers are contemporary coins such as those from 2022 and 2023; nevertheless, larger fractional coins that cost $1,000 or more are also available.

Gold Bars Bullion

Customers also have the option of purchasing gold bullion bars from the website. The bars are typically packaged in cases that are designed for display and serve the dual purpose of protecting them from the weather. Gold bars can be purchased in weights ranging up to one kilo.

Gold is good for Investing Blanchard Gold provides a variety of gold that is good for investing and is also appropriate for collectors. There are several different alternatives available, some of which are $20 Liberty coins in VF, AU, or XF condition.

Mint State Gold

The United States is home to several mints, all of which contributed to the collection of mint-state gold coins that may be found on this website. They range in face value from one dollar to ten dollars or more. Blanchard Gold determines the amounts it charges for its services based on the worth of each coin as well as its overall condition.

Silver

Silver investment coins are uncirculated and are either in mint or near-mint condition. They typically come in a box that can be displayed. However, not all of the costs are listed on the website. Blanchard Gold may contact customers and ask them to phone and verify certain prices. Many of the silver-certified coins on the site can be purchased for less than $30 each, making them an inexpensive alternative for customers.

The prices of circulated coins, such as American Silver Morgan Dollar coins and American Silver Peace Dollar coins, are also significantly reduced at Blanchard Gold Review. Those interested in purchasing silver bars have the option of selecting sizes ranging from one ounce to one kilogram.

Palladium and Platinum

Blanchard Gold Review is now offering palladium and platinum to clients to assist them with managing their portfolios. There are platinum bars that weigh one ounce, as well as coins called the Canadian Platinum Maple Leaf that weigh one ounce each. Both come at a price that is somewhat higher than $1,000.

Uncommon Coins

Blanchard Gold has earned a solid reputation among collectors and investors alike because of its extensive selection of rare coins. Customers can utilize the comprehensive guide that is provided on the website to learn more about those coins and to determine which ones are now available to purchase.

There are both ancient and commemorative coins included in this lot, which have a face value of up to four dollars. Customers can view the current market value of any coin of interest to them by clicking on the coin of their choice.

Get A FREE Gold IRA Guide Here!

Pros and Cons of Blanchard

Pros

  • Longevity and reputation in the industry
  • Responsive and professional customer service
  • A diverse selection of gold coins and bars
  • High-quality products with assured authenticity.
  • Educational resources and market insights for customers

Cons

  • Market volatility and inherent risks associated with investing in precious metals.
  • Prices may be subject to fluctuations.
  • Individual research and caution are necessary.
  • Some customers may have different experiences based on personal preferences and expectations.

Conclusion

In summary, the Blanchard Gold experience is a positive one overall. Their reputation, customer service, wide range of products, and educational resources make them a reliable choice for individuals interested in investing in gold and other precious metals. However, as with any investment, it’s crucial to do your due diligence and be aware of the risks involved.
Goldco

Frequently Asked Questions (FAQ)

A Gold IRA is an example of a Self-Directed IRA. Self-Directed IRA’s were designed to give individuals more freedom in the selection of investments that they could hold in their retirement account. A Gold IRA is unique to precious metals, where the investor/individual has the ability to hold gold, silver, and other precious metals such a platinum and palladium in their account rather than being limited to traditional stocks and bonds.

By holding precious metal investments in a Gold IRA, this gives the ability for individuals to make their portfolio more diverse and prepare themselves for future financial success. Having a diversified portfolio makes for a better chance to survive a stock market crash and still have some of your funds held in other categories, such as gold.

There are various options when it comes to investing in gold. One option is to purchase gold coins or bars from a local retail shop or gold investment company. You may then hold the metals until you are satisfied with their growth, ready for retirement, or need them for another expense. 

Another option to invest in gold is by setting up a Gold IRA. These are a form of a Self-Directed IRA, only your funds can be held in gold rather than stocks and bonds. This is a good way to invest in precious metals without worrying as much about taxes.

The value of a gold coin increases as the value of spot gold increases. The number that is printed on each gold coin (known as the face-value) is not an accurate reflection of its true valuation. In fact, its value is likely much higher than the face-value based on the current price of gold today.

Depending on your age, current financial position, and personal preferences, the answer to this question will vary per person. If you are coming up on retirement, you’ll want to take fewer investment risks and may not want a large portion of your money in gold. If you’re still young and have more time to take greater investment risks, you may want a larger percentage of your portfolio invested into gold. 

Like many investments, it is optimal to buy at a low value. Generally speaking, when the stock market is over-performing, the value of gold is at a much lower amount. Gold also follows some trends such as a decrease in certain months of the year, including January, March, and April.

It is always a good idea to seek out a financial advisor to help discuss the best options for your current situation. This way you can shift your investments based on what makes the most sense for your financial goals, and the current economy.

Your current plan may not give you the option to invest in gold, but there are numerous other plans that allow gold investments. Keep in mind that there are specific rules set out by the IRS regarding how gold can be bought and stored. Because of these rules, it’s important to find a reputable company to work with.

You are legally allowed to do a 401(k) rollover and avoid paying taxes and penalties, but to do this you must follow the correct process. Start by contacting your current 401(k) plan and explain your situation. The rollover may take several weeks or months to complete, so it’s best to begin as soon as possible.

Traditional 401(k) plans and IRA’s are tax-deferred savings accounts, meaning you do not need to pay any taxes on your contributions. Once you retire and eventually withdraw your funds, you will pay taxes on those withdrawals. You will not get any tax breaks if you purchase gold for personal ownership. Right now, the only way to avoid paying taxes on gold is by purchasing it through your 401(k) plan or IRA.

Although this process is a bit tricky, you absolutely can purchase physical gold in your 401(k) plan. Since your IRA cannot be the seller and holder of the gold, they will need to store the physical gold with a third party. You are also not personally allowed to hold the gold. You may only keep gold and silver in a plan of this type if someone else is storing it, according to the IRS. While you will not be allowed to have physical control over the gold, you may still be allowed to access the storage facility.

Yes, any gains made on the gold held in a Gold IRA are subject to capital gains taxes. Additionally, if you take a distribution from the Gold IRA before you reach the age of 59 and a half, you may be subject to income taxes and a 10% early withdrawal penalty. Things may differ depending on whether you have a traditional IRA or Roth IRA.

No. You are not allowed to take physical possession of the gold or other precious metals held in an IRA account. 

No. Home storage is not allowed and could have serious tax implications if you are found to be taking physical possession of the gold held in your IRA. You must store the gold with an IRS-approved custodian. Any company that promotes home storage is not providing sound advice and should be avoided. 

No. The IRS does not allow precious metals to be stored in a safe deposit box. The custodian/depository must always maintain possession of the gold.

This is a tricky question. 

Mostly, no. For most folks, it’s impossible to take physical possession of their gold without paying severe fees.

There is however a workaround for very (VERY) few individuals. 

A “Checkbook IRA” allows the IRA owner to have more control over their investments. They can use an LLC to make investment decisions and hold assets on behalf of the IRA. The LLC is owned by the IRA and managed by the IRA owner or someone else. The assets, including precious metals, can be stored in a place chosen by the LLC, like a storage facility or the IRA owner’s home as long as it’s secure and insured. Though, the IRS has strict rules for using a Checkbook IRA and storing IRA-owned assets. 

Some of these rules include:

  • A minimum net worth of $250,000.
  • Must have a corporate legal counsel.
  • Ownership must be shared among multiple individuals.
  • And much more

Keep in mind that this loophole is not recommended. There is a possibility that you will be penalized and even possibly disallowed from future investments. It’s not worth the risk, even if you do meet all these requirements. 

Remember that your specific situation and goals should always be discussed with your tax advisor.