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October 13, 2022

GoldBroker Review: Find Out If This Company Is Worth It Or Not! (2022)

Welcome to my review of GoldBroker!

Are you interested in investing in gold and silver? Are you looking for a dealer that you can trust?

If so, maybe GoldBroker is the one for you!

However, I would suggest that you should read this review first and get to know them!

Let's start our GoldBroker Review!

GoldBroker Quick Summary

  • Name: GoldBroker
  • Website: https://goldbroker.com/
  • CEO/Owner: Fabrice Drouin Ristori (Founder/CEO)
  • Price: $10,000
  • Rating: 4.8/5.0
GoldBroker logo

What Is GoldBroker?

Goldbroker website

Goldbroker.com (Goldbroker Group) was founded in 2011 by Fabrice Drouin Ristori, a French entrepreneur and investor, and graduate of the Kedge Business School (2004).

In 2010, after seven years of entrepreneurship in the online gaming sector, Fabrice Drouin Ristori sold his stakes in two companies he co-founded and was faced with the problem of investing his money in an unstable financial context.

More so, his objective is then to continue his entrepreneurial activities, without having to worry about active management of his assets. Like many savers, he simply wants to "sleep peacefully" on his savings.

Now, the Goldbroker Group achieves a consolidated turnover of 60 million euros and manages a stock of precious metals worth several hundred million euros.

They also celebrated their 10th anniversary this last year.

Products And Services Of GoldBroker

Gold

GoldBroker offers a simple and safe way to buy physical gold. Here are some of the gold products that they sell:

Goldbroker gold
  • 1 OUNCE GOLD BAR - VALCAMBI

The 1 oz Valcambi bars are made of .9999 fine gold, which is the highest purity regularly seen in the bullion market. The bars are also guaranteed to have a minimum weight of 1 troy ounce.


  • 1 OUNCE GOLD AMERICAN EAGLE - ROLL OF 10 - 2021 - US MINT

The 2021 American Eagle 1 Ounce Gold coin —struck in 22-karat gold— is an exquisitely crafted coin cherished by investors around the world.


  • 1 OUNCE GOLD PHILHARMONIC - ROLL OF 10 - 2021 - AUSTRIAN MINT

The Vienna Philharmonic gold coin is Europe’s most successful investment coin.


From November 1998 on, a change in Austrian law permitted the issue of pure gold coins for investment purposes. This is how the idea came about to design a gold coin that symbolized Austria.

Silver

With GoldBroker, you can purchase silver bullion produced by recognized refiners certified by the London Bullion Market Association, such as the United States Mint, Asahi Refining, and the Royal Canadian Mint. 

Here are some of the silver products that they offer:

Goldbroker silver
  • 1 KILOGRAM SILVER BAR - VALCAMBI

This Valcambi silver bar contains 1kg of 99,99% pure silver.


The cast silver bars are also hand-poured, making each bar unique. The lack of sophisticated design and the overall less complex method for producing cast bullion bars keep the premium above the spot price low.


  • 1 KILOGRAM SILVER BAR - ASAHI REFINING

The 1-kilo silver Asahi bar is a cast bar made from the highest quality silver, refined to a purity of .999. This bar has also no intricate markings or designs, allowing its creators to reduce costs.


  • 1 OUNCE SILVER KANGAROO - MONSTER BOX OF 250 - 2021 - PERTH MINT

The coin is also renowned for its security feature in the form of a micro laser-engraved letter ‘A’ concealed within its reverse inscription. Only visible through a magnifying glass, this aspect of its design is intended to make counterfeiting extremely difficult.

Gold Broker offers free shipping on all orders. But when a customer places an order for more than $250,000 worth of precious metals, the delivery is handled by an armored car company which will incur a cost associated with this service.

That cost may change depending on the quantity and weight of your purchases. Gold Broker currently offers delivery to all states in the US. Only orders destined for France can be shipped internationally.

Buyback

At Goldbroker they guarantee the liquidity of our client's investments by buying back their precious metals stored in the secured vaults of their partner, Malca-Amit.

More so, the process is simple and allows for our clients’ orders to be executed within 48 hours.

How to Buyback?

  1. Sell Order
  2. Confirmation
  3. Wire Transfer

Storage And Custodianship

GoldBroker, in contrast to the majority of other precious metals traders, does not collaborate with vault custodians. Instead, they hand over entire authority over the operation of your personal vault to you. Because they value their clients' freedom so highly, they have promised that they will never take on the role of custodian for any of their customers.

Malca-Amit, a company that specializes in storage, is one of the company's partners. Certifications of Vault Ownership are issued by Malca-Amit. The vault location, contents, and bar numbers are all listed on these certificates.

Zurich is a safe refuge to deposit your gold and silver because of its tax-free status. Aside from the United States and Canada, vaults can also be found in Singapore. The safe deposit boxes can be found in both Toronto and New York.

Company Fees

In contrast to its rivals, this firm does not share its commission rates for buying and selling bullion. Their minimum order amount for such products is $10,000, making it difficult to determine typical markup percentages.

Furthermore, their buy-back sales commissions average around $75. All precious metals stored with them are guaranteed to be repurchased for a one percent annual fee, retroactive to the time of purchase. You should inquire about these costs before making a purchase.

Also, the use of the storage facility comes with a fee. You'll pay 1.5% plus $110 each year to maintain your storage account if the total value of your belongings is less than $20,000. With a larger inventory in storage and no monthly account maintenance fee to pay, your storage costs could go down.

An extra service fee of up to $200 may be assessed by the vault for accessing or retrieving stored items.

Reviews And Ratings Of GoldBroker

Here are some of the ratings and reviews found on reputable websites:

What I Like About GoldBroker

  • Has a Storage Company Partner

GoldBroker offers an alternative solution for investment and storage that eliminates any and all exposure to the risks associated with having intermediaries between investors and their precious metals, either at the level of ownership (direct) or storage (a storage account in your name).

More so, storage is managed by our partner Malca-Amit, a private operator independent from the international banking system. Founded in 1963, Malca-Amit is a trusted storage partner for financial institutions and high-net-worth individuals around the world.

  • E-Commerce Feature

With GoldBroker, you can also easily order since they have an e-commerce feature. You can simply add to the cart your orders, etc.

What I Don't Like About GoldBroker

  • Limited Shipping Availability

GoldBroker.com delivers physical gold and silver to the United States via an insured shipping service.

However, international shipping is available to France only. 

  • Large Minimum Investment

Apparently, the minimum investment of $10,000 (excluding service fees), then $5,000 from the second order. For the first order over $400,000, you should contact them.

  • Limited Reviews

GoldBroker has limited reviews and ratings. It would be nice and more people will trust the company if they are accredited by trusted companies and reviewed by them.

Is GoldBroker A Scam?

From what we've seen, GoldBroker is NOT A SCAM

It's been around for a while, and it's hard to see a scam company lasting this long. Fabrice Drouin Ristori, founder of GoldBroker.com, is likewise well-respected in his field.

Before starting GoldBroker.com, he was the owner of two other internet gamine businesses and the founder of a private investment firm.

Final Thoughts

Now, we know that this company is not a scam. It has a lot of positive reviews from Trustpilot, however, it is not BBB accredited. This may be a major drawback for some.

If you would like to order from this company, you may do so. But if you are not satisfied with their credentials, I recommend Augusta Precious Metals.

Augusta has years of experience and thousands of satisfied customers; the Augusta team remains committed to their mission to help individuals safeguard and grow their retirement savings. They also provide a free IRA guide to help you, claim yours now!

Thank you for reading this review! 🙂

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Xenia Raye


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