Goldline International has gained fame throughout the years, and it’s one of the companies to offer more products if you’re looking for rare coins and peculiar bullion bars. In this review, you’ll learn if it’s the right place to trust.
Advisory! Prior to diving into this review, we’d like to stress that at Investors Circle, our mission is to protect your wealth. We know that our research reports may alter your investment decisions, so we want to be 100% sure you are investing your hard earned money with the right company!
With this in mind, we urge you to check out our list of the top five companies in this space (we found 1 that fits 99% of investors needs)
See if Goldline International made our list this year, or continue with this review below to see if they are possibly the right company for your investment needs.
IRAs have gained fame, especially during the last few years due to the various worldwide catastrophes, which have shaken many people’s investments and made them question if they made the best financial decisions.
With prices on the rise and many markets collapsing, IRAs have proven to be one of the best investment alternatives, particularly for people who are putting together a portfolio for their retirement.
An IRA is an individual retirement account, in which you can save for when you don’t work anymore. However, unlike other options, some IRAs allow you to invest in precious metals.
Although you can also invest in real estate and other things with IRAs, precious metals are usually the most common option because they’re the safest alternative.
Why Should You Invest in Gold?
Gold, just like other precious metals, is probably the safest option when it comes to investments. Buying numismatic coins could be much more convenient than going into the stock market or purchasing real estate, and it’s due to many reasons.
On one hand, gold has been historically valuable. It’s been a precious metal for thousands of years, and it continues to be one of the most expensive ones.
Furthermore, gold has a history of having a stable price, even during economic hardships. If there’s a war, a global pandemic, or a market crash, you probably won’t lose much money if you’ve invested in this precious metal.
At the same time, gold can be more affordable than other alternatives, especially real estate. You can buy it in ounces, and there are different physical products to invest in, such as numismatic coins, bullion bars, and more.
Lastly, gold is more likely to provide you a stable income growth than other alternatives. Some people choose to invest in cryptos, for example, but they’re very volatile, so their price can drop as fast as it rose. On a long-term basis, this may not be the most convenient option, especially if you’re putting together savings for your retirement.
Goldline International: Full Review – Is it an A-Mark Precious Metals Company
There are many different precious metals companies, and choosing the correct one to work with could be a challenge, especially if you’ve never invested before.
The review focuses on Goldline International Inc, which is a precious metals company that has gained fame over the years due to different reasons. You’ll learn what you must know about it, including its offers, benefits and drawbacks, and what clients say about it.
About Goldline International Inc.
Based in LA and established in 1960, Goldline International Inc. has gained fame over the years. The organization has offered precious metals to clients for more than six decades, including gold, silver, and palladium products.
Even though Goldline International Inc. offers clients numerous well-sought precious metals options (including rare and collectible coins), you must understand everything about it before choosing it as the company to trust with your investments.
Rare currency alternatives, well-loved platinum coins, and fair prices are what Goldline International usually offers its clients. Plus, the company has an ExpressIRA program, with which you can quickly open an account by only following three steps.
Similarly, the company affirms that it’ll issue free-of-charge bullion coins on specific purchases, so customers can counterbalance their account maintenance charges.
People looking to sell bars and coins can also work with the company since it has a buyback program. The plan has three straightforward steps, and you can expect payment within 72 hours after Goldline International Inc. accepts and verifies the process.
Lastly, Goldline emphasizes that it doesn’t buy any type of jewelry or precious metals that don’t come in a bullion bar or coin form.
People have scourged the web, and unfortunately, they haven’t been able to determine who’s the management team behind Goldline International Inc.
Sales staff usually get in contact with people who find Goldline International through its website, a friend, or an advertisement. However, the person or persons behind the company are unknown.
You won’t find any website that highlights who founded Goldline International Inc., and it can be very disconcerting because you don’t know exactly who you’re working with.
Goldline International is famous due to the range of products it offers. You get different precious metals, such as gold and platinum coins, silver bars, and more.
Some of the options you get with Goldline International Inc. date back to the 19th century, and chances are the company also has many products you won’t see anywhere else.
The average weight of the bars that Goldline offers is 10 ounces, and that’s a convenient enough alternative for many people to consider working with the company.
At the same time, IRA-qualified coins have impressive designs. Considering that Goldline International is only a trading company, it’s shocking that it offers such rare currency and beautiful numismatic coins, many of them coming from Austria.
You’ll also find different platinum coins, palladium products, and silver bars. Overall, there is no shortage of alternatives.
Custodians and Storage
Goldline International partners with two outstanding guardians: Equity Trust Company and GoldStar Trust Company.
Evidently, Goldline International cares about the safety it provides clients with because it doesn’t tell you exactly which companies they work with when it comes to vault storage. However, people do know that the precious metals are in Las Vegas, Zurich, and Singapore.
One of the best aspects of working with Goldline International is that there is a lot of information on its website. The company highlights that people must know what they’re doing when investing in precious metals, so they offer different articles for you to learn more about the industry.
On Goldline International’s website, you’ll find articles touching all kinds of subjects within the finance industry, for example, the dollar devaluation and inflation history.
People who are not strangers to investing can also benefit from what they’ll find on Goldline International’s website since there are articles for everyone. The site is supposed to also help you if there are topics you skimmed through but didn’t entirely understand, so it offers deep dives into those subjects.
Compared to other precious metals companies, this business stands out because it offers many options for clients to learn.
Goldline International provides a lot, so it’s no surprise that its fees are high. With regard to temporary changes, the business offers a “Price Guarantee Program” and a “Client Concierge,” answering customers’ queries.
You also get storage and delivery alternatives if you’re working with Goldline International, and if you want, you can contact company employees to explain where your precious metals will be or how you can get them.
Goldline International will charge different fees, so make sure you crunch these numbers into your budget when you’re planning your investments.
Gold and other precious metals are some of the most convenient investment options. Therefore, you have to be meticulous when it comes to choosing how much you’ll pay in fees and commissions.
Complaints and Lawsuit Issues
Goldline International (formerly Deak International Goldline) has an appealing website with a lot of information, and it offers many platinum coins, gold products, and more.
However, at the end of the day, what matters is how the employees of a company handle customers, and what they say about their experience working with the business.
Unfortunately, customers haven’t left many positive reviews when it comes to Goldline International. In BBB, the business has a 1.4 out of 5 rating, and Google rates it 1.7 out of 5.
Getting such low ratings says a lot about a company, especially considering that others have more than four stars when it comes to client reviews. Few people could seriously consider a business with such negative comments, and even more so if you remember that ‘the client is always right’ – what could’ve Goldline International done to get such poor critiques?
In 2012, Goldline International dealt with a lawsuit that resulted in the company paying litigants millions of dollars.
The money the company paid was just the settlement, which means the criminal charges were dropped.
Different people took part in the lawsuit, including Glenn Beck, who was one of Goldline’s frequent spokesmen.
Glenn Beck accused Rep. Weiner’s office of assailing Goldline for Obama’s administration, which made the news and caused people to trust the company even less.
No business is faultless, but you shouldn’t ignore the number of negative reviews the company has. Even though Goldline International has done everything for the marketing of its products, the lawsuit tarnished its reputation, and nowadays, other things have made people leave poor comments about the business.
According to customers, even though Goldline employees do everything to increase their sales and offer silver, gold, and platinum bars and coins, customer service is very poor.
Some customers have said Goldline cashed their check but hadn’t sent an email with the product tracking number, even 10 days after buying.
According to other users, Goldline has also offered to buy back their silver, gold, and platinum coins at a fair price, but when the client tries to sell them, employees tell them they’ll get much less in return.
A handful of customers say their experience has been positive with Goldline, but it’s not common. What you’ll mostly find online are comments from angry clients who wish they’d read reviews sooner – they would’ve never trusted the company in the first place.
Pros and Cons
Before making any precious metals investment decision, you need to have as much information as you can. Here are the benefits and drawbacks of working with Goldline:
The company offers various ‘A-Mark’ precious metals.
It’s one of the biggest and oldest gold-buying organizations in the US.
Goldline is the sole trader of numerous expensive bullion bars and rare currency options.
You won’t have to pay shipping charges since Goldline takes care of that.
The website is full of useful information and articles to learn from.
In 2011, people brought criminal charges against Goldline, saying that it used a bait-and-switch program to attract clients, relying on misleading, false, and deceptive claims.
Some customers have said the transaction fees are exorbitant.
According to clients, customer service is very poor.
Final Verdict – Should You Buy Precious Metals with This Company?
There are numerous precious metals companies out there, and you should make the best choice possible because you’re trying to build wealth for your future.
Although Goldline uses different marketing strategies, and its employees will offer various options to increase their sales, you should tread carefully when dealing with this company.
Goldline has gone through legal issues in the past, and it has catastrophically low reviews on many trustworthy websites. You’ll find numerous negative comments that people have left, especially because they’ve lost part of their assets and are now unable to get them back.
What you’ve learned today doesn’t necessarily mean that Goldline is a scam – some people have had positive experiences. However, the truth is that most clients have issues with the company, and you should only trust the best alternatives if you’re improving your investment portfolio.
Frequently Asked Questions
What Is Deak International Goldline?
Deak International Goldline is the name the company used to have before.
Should You Trust Goldline International?
The decision is up to you, but many people have had issues with Goldline. Even though its employees will offer different options and you might think they’re helpful, if you ever have an issue, it’s likely they won’t help you fix it.
Furthermore, some people have said they’ve tried to sell back the products they bought and did not get a fair price. Overall, Goldline has numerous negative reviews online, and if you’re trusting the company with your investment portfolio, you should be careful.
Does Goldline Offer Numismatic Coins?
Goldline is one of the most famous companies in terms of offering rare coins and products, and it’s one of the reasons why it has become so famous.
You’ll find silver, platinum, gold, and palladium products in the Goldline catalog, and many of them date back to the 19th century. However, be careful, and don’t let yourself be swayed by the offers only – think about what you want for your future, and make sure you’re putting your trust in the best company possible.