Welcome to my Goldline Review!
I know how challenging it is to find a reputable business worthy of your hard-earned money. That's why I put up this comprehensive review to help you make a wise choice. So, the question remains: "Is Goldline a scam?"
Finish reading this review and see for yourself!
Goldline Quick Summary
- Name: Goldline, Inc.
- Website: https://www.goldline.com/
- CEO: Mark Albarian
- Cash Minimum: No minimum order
- Rating: 4.8/5
What Is Goldline?
Founded in 1939, long before private ownership of gold was sanctioned in the United States, Goldline International traces its origins to a South African bullion dealer. Therefore, its history predates the establishment of similar stores in the United States for several decades.
Goldline offers customers the opportunity to purchase precious metals in the form of bullion and coins. They deal in precious metals, numismatic collectibles, and foreign currency. Although, they typically charge significantly more than the market price for their collectible sets.
For a little history...
For a little history... A fraction of the business was distributed to each of the groups. Moreover, Goldline's headquarters and trading floor relocated to the Water Garden complex offices from Santa Monica two years later. The Chicago-based private equity firm CIVC soon then acquired Goldline.
In August of 2017, Goldline transferred their assets to A-Mark Precious Metals, Inc. A-Mark Precious Metals, Inc. currently owns Goldline, which does business as Goldline, Inc.
Products And Services
Goldline offers a wide selection of popular precious metals coins and bars that are IRA-approved. Among the gold bullion options are the American Gold Eagle and the American Gold Buffalo, to name a few. Popular silver coins include the American Silver Eagle and the Australian Kookaburra Silver coin. One of the platinum alternatives is the American Platinum Eagle.
Let's talk about IRAs...
Creating an IRA in precious metals is easy with Goldline. They are quite knowledgeable in this area. To begin, you must decide whether you want to open a brand-new account or move an existing one from another provider. Clients who don't yet have a retirement account will be given instructions on setting one up. Because of their extensive experience, they are able to identify which ones can be rolled over and which ones cannot.
In addition, Goldline has formed a partnership between GoldStar Trust and Equity Trust - two widely-recognized names among IRA custodians. Unfortunately, the company does not disclose the name of the secure vault service with which it has contracted. According to the website, customers can select from three different locations in Las Vegas, Nevada; Zurich, Switzerland; and Singapore.
How Does It Work?
Right after clicking the link to their website, you will immediately see the company's comprehensive instructions on how to buy gold and silver if you scroll down. It can be done online in three easy steps - select your products, choose how you want to pay, and provide the delivery address. You also need to provide details about yourself prior.
Goldline Ratings And Reviews
The following are Goldline's given ratings from credible organizations found on the internet.
- BBB - Accredited with A+; 1.25/5 (12 reviews)
- Trustpilot - 4.8/5 (7,144 reviews)
- TrustLink - 2.3/5 (49 reviews)
- Yelp - 2/5 (4 reviews)
What I Like About Goldline
- Goldline is the only distributor for a wide variety of gold and silver bullion coins.
- When it comes to precious metals, Goldline is one of the largest companies in the United States.
- Goldline offers an optional safe and well-managed storage service for your valuables.
What I Don't Like About Goldline
- According to several of Goldline's customers, the company charges excessive costs for their services.
- Poor after-sale support for customers.
- Faced criminal charges
Is Goldline A Scam?
A-Mark Precious Metals has taken over Goldline International. It appears that both companies are legitimate in that they deliver the goods or services they advertise. Plus, it appears that they follow the standard procedures and paperwork required by law when providing IRA services.
Goldline International, on the other hand, has a checkered past. Though it is among the world's largest gold dealers, the company's reputation isn't always stellar. Between 2006 and 2010, the company was the subject of multiple probes of its practices. Not only that, but people tend to leave negative comments about Goldline on the web.
Final Thoughts
Goldline International is among the United States' most storied and well-respected precious metals traders. Despite being owned by A-Mark Precious Metals, the company continues to do business under its previous brand.
It's unfortunate that age isn't necessarily indicative of quality. There have been many investigations into the company, and a court settlement of millions of dollars was reached. Reviews from former clients are nearly uniformly critical, suggesting that nothing has changed in terms of sales methods which is why we recommend that you choose Goldco!