Blanchard Gold Review
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Blanchard Gold Review
America’s Rare Coin and Precious Metals Firm.
Blanchard is a family-owned company with broad reach and deep roots in the precious metals market.
Disclaimer: The information provided is accurate, reliable and honest. We may be compensated if you use companies, products or services based on our expert recommendations.
A+
BBB
1★
Blanchard Gold Overview
Blanchard & Company is a family-owned company that has been selling precious metals to the American people for over 45 years. They help investors buy numismatic rarities and gold, silver, platinum, and palladium bullion. Blanchard & Company takes deep pride in their honesty and integrity.
This review will take an in-depth look at Blanchard & Company and the products that they offer.
When it comes to sellers of precious metals, Blanchard & Company (Blanchard Gold) not only sells rare coins and bullions but their company has also been instrumental in helping to shape the precious metal investing landscape for Americans. For example, in the 1970s Jim Blanchard (the company’s founder) spearheaded the movement to allow U.S. citizens to legally own gold again. One of their efforts included flying a banner plane over President Nixon’s second term inauguration
In 1974, they found success when President Ford made it legal to own gold. Then, in 1984, Blanchard was named Man Of The Year by the World Gold Association.
Their company has a deep history of selling gold to the American people and they take great pride in their heritage.
Another unique aspect of Blanchard is that they offer a unique strategy that goes deeper than simply “buy some gold coins” (we will touch on this in the Pros section).
Let’s take a look at some of the reviews of Blanchard.
Blanchard Gold Review
Blanchard Gold Review
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Blanchard Gold Review
In general, Blanchard & Company fits the profile of a very well-respected and trusted precious metals brokerage. If you are looking specifically for a company to help you open a precious metals IRA then you may need to find another company. However, if you are just interested in buying/selling precious metal products or have questions about the process then they are a great choice!
Blanchard & Company has been accredited with the BBB since 1982 (46 total years in business). They have an A+ rating and only 1 complaint in the past 3 years. That being said, there are no positive reviews at all to the BBB.
Before we take a look at some of the pros and cons of Blanchard & Company, keep in mind that this will mostly depend on your financial goals. Something that might be a pro for you could be a con for another investor. That being said, let’s examine a few of Blanchard’s pros and cons.
Pros
- Trust – A big part of their marketing is that they stake their business on being honest, open, and forthright with every client. They take pride in the reputation of integrity that they have built over the past 40 years. Trust is usually one of the biggest factors that investors consider when choosing a broker.
- Experience and expertise – Blanchard leads in the industry when it comes to the experience and expertise of their team. As mentioned, their team is involved not only in selling precious metals but also on the political end of the spectrum. Members of their team serve on the Coalition for Equitable Regulation and Taxation, The Cato Institute, and Industry Council for Tangible Assets.
- Long-term advisor – Blanchard does not want to be your broker for a single transaction. Instead, they offer a consultative approach to service and aim to develop a long-term relationship to help you achieve your financial goals. One way that they do this is by assigning a portfolio manager to your account to advise you.
- Buyback guarantee – To highlight their commitment to you as a customer and further build trust, Blanchard offers a 100% buyback guarantee to repurchase and investments you’ve made at their current value. However, this guarantee only applies for 10 days after your purchase of rare coins, not bullion.
If you are on the fence about moving forward and this guarantee is a big motivator for moving forward, we would recommend calling to ensure that your purchased products are eligible for the buyback guarantee.
- Gold assets balance – Not all gold is created equal. Price can vary depending on things like the form that is in and the purity. Due to this, Blanchard recommends balancing your precious metals portfolio with different types of gold assets. Numismatic rarities should be held for long-term reliability, mint state gold should be held for the medium term, and bullion has the best potential for short-term growth.
Cons
- Gold IRA – The biggest con of Blanchard is that they do not allow you to directly open up an IRA (Individual Retirement Account). IRAs are usually used by investors to save money in taxes. Instead, Blanchard only offers the ability to buy and sell precious metal products. However, they work closely with the custodian GoldStar Trust Company and can help you through the process.
- Lack of BBB and online reviews – Despite their long history as a business, there are not a lot of reviews on Blanchard on the internet. They have an A+ rating with the BBB but only one review in the past 10 or so years.
Quick Info
Blanchard Gold
Blanchard continues to lead the industry with the most talented and experienced team of precious metals and numismatic experts.
Fees & Prices
- Blanchard will ship your product through either the USPS or UPS and may be required to tax your shipping unless you live in one of these states Alabama, Arizona, Colorado, Idaho, Indiana, Iowa, Louisiana, Maine, Maryland, Massachusetts, Nevada, Virginia, or Wyoming. Here is more information on their shipping fees:
Storage
Blanchard recommends 4 options for storing your precious metals:
- Home or business safe
- Bank deposit box
- Domestic storage facility
- International depository service
The storage costs will differ depending which option you choose and the amount of gold that you need to store. Blanchard does not directly offer any of these services but can help offer recommendations on which one might be best for you.
Minimum
- Since Blanchard only offers buying and selling of precious gold products, there are no minimums for their accounts (as far as their website says).
Products and Services
Over the past 40 years, Blanchard has helped their clients invest in American numismatic rarities. The four main precious metals that they offer products for are gold, silver, platinum, and palladium.
These metals are offered in the following forms:
- Bullion
- Investment-grade
- Mint state
- Rare coins
You can view their full list of products here.
Additional Services
Outside of buying/selling precious metals as well as general consulting/advising Blanchard & Company does not offer any other precious metals.