GoldBroker Review 2022
Last updated on August 15th, 2022 at 08:45 pm
The best way to get started with any company or service online whether it's a large organization or an independent website is to do thorough research on the subject beforehand. That is where this GoldBroker review comes in handy. When it comes to investing in precious metals, you will quickly find that there are hundreds of different companies out there, each with its unique method and strategies. For this reason, we have decided to create a comprehensive review of GoldBroker investment company's services, so that you can better understand them and make your own educated decision as to whether they are right for you. Read On!
GoldBroker is an investment company that makes it possible to hold and store precious metals in your name, outside of the banking industry, with easy access to vaults. In short, Gold Broker is a bullion custodian that also trades in gold, silver, platinum, and palladium bars and coins. It has offices in London, Malta, and New York City.
The company is centered on the significance of physically held gold or silver bars and coins that are entirely allocated and stored outside of the conventional banking system. Their investment solution is intended for a global clientele of people and businesses. To this end, they provide safe, designated storage for precious metals in Singapore, Canada, and Switzerland. The real strength and goal of GoldBroker are to offer investors a discrete and offshore storage option for gold and silver.
The company has a user-friendly website GoldBroker.com where clients can easily sign up for an account and do business with them. They offer investors gold, silver, and a small amount of platinum and palladium bullion bars and coins, and they can also buy them back through their buyback program. They enable precious metal owners to maintain full ownership of their holdings, free from any third parties, and also keep these holdings entirely in their names.
How Gold Broker Started - A Brief Background Check
French entrepreneur and investor Fabrice Drouin Ristori, a Kedge Business School alumnus, founded GoldBroker in 2011. Fabrice Drouin Ristori recognized gold as a secure investment that would ensure the continuity of the purchasing power of his savings over the long term as early as 2008.
He knew selecting gold is not sufficient; proper handling and storage of the metal are also required. Fabrice Drouin Ristori turns to rent a safe deposit box at a bank after testing gold ETFs (financial products, "paper gold") and realizing that they do not ensure the actual holding of physical gold. However, all banks decline to provide content insurance and do not offer to effectively and reliably repurchase the gold.
After Fabrice Drouin Ristori conducted extensive research, he came up with the following solution to safeguard his assets: instead of storing his gold on paper or in the banking system, he should store it in a nation that is politically stable, outside of his home country, with direct access to the vault and a contractual guarantee that he is the only person with ownership of the physical gold.
In 2011, He forecasted significant monetary and financial issues to come up in the future and believed that many savers will once more turn to physical gold to safeguard their savings over the long term. To protect his financial assets and to offer a solution to numerous savers in his situation, Fabrice Drouin Ristori established GoldBroker in response to this uncertain financial situation and the lack of an optimal investment solution in physical gold.
Egon Von Greyerz, the founder of Matterhorn Asset Management (MAM), a global leader in precious metals investing, joined the organization's advisory board in 2012 and contributed his extensive knowledge of wealth preservation.
GoldBroker relocated its corporate headquarters to London in September 2020, the major global center for the trading of physical gold. GoldBroker operates in markets where people speak French, English, German, and Spanish with a team of fifteen skilled and knowledgeable employees. The company manages a stock of precious metals valued at several hundred million euros and generates a combined turnover of €60 million in 2020.
GoldBroker Management Team
The GoldBroker management team is renowned for zeal, professionalism, and efficiency of customer service. Here is the list of the top managerial brains behind the scene of GoldBroker's success stories:
Fabrice Drouin Ristori: He is the company's founder and chairman. He received the 2003 Euro-Mediterranean Student Enterprise Award and a Master's degree in Entrepreneurship/Finance from the Kedge Business School. He has been managing his own precious metal investments since 2008 and is passionate about finance. He established the investment platform, GoldBroker in 2011.
Egon Von Greyerz: He founded and currently serves as managing partner of Matterhorn Asset Management AG (MAM). Since 2012, he has served as a GoldBroker advisor. Egon began his career as a banker in Geneva and went on to work for Dixons Group Plc for 17 years as its finance director and executive vice-chairman. Egon has been actively engaged in financial investment activities since the 1990s, such as mergers and acquisitions and asset allocation advice for private family funds. Egon frequently speaks at international investment conferences and also appears on the investment-related program on popular TV channels like CNBC, BBC, etc.
Etienne Dargent: He presently occupies the position of Director at GoldBroker. Etienne Dargent joined the Goldbroker team in 2017 as the Operational Director to bring his risk management experience and oversee the quality and logistics procedures. Etienne has more than 15 years of experience in the field of security related to the major international jewelry brands (storage, delivery). He invested in the business the same year and was named a director in January 2019.
Maxime Batel: He serves as the editorial and marketing director of the company. Maxime is a founding member of GoldBroker and a shareholder in the business. He has extensive experience in SEO, editorial content management, and online marketing.
Marianna Chadder: She is the executive assistant. She is critical to productivity, plays a crucial organizational role, and ensures the smooth operation of the London office.
Pierre Jeandeaud: He works as the Chief Financial Officer at GoldBroker. Pierre is in charge of carrying out the company's management and financial strategies. He guarantees a perfect financial and administrative balance for the organization.
Valentin Appaix: He is the Business Development Manager of the company. In collaboration with the marketing and finance departments, Valentin takes part in the execution of the company's pricing and business development strategies. For the purpose of building a trustworthy relationship, he organizes client identification and follow-up.
GoldBroker Storage And Custodian Services Information
The company partnered with Malca-Amit, a private operator unaffiliated with the international banking system to take care of the company's storage. Malca-Amit is an independent Swiss company founded in 1963. Financial institutions and wealthy people all over the world rely on Malca-Amit as a reliable storage partner. Malca-Amit is known for its extremely secure, well-placed storage facilities. In their facilities, there is a division devoted to a special range of value-added services for people who need bullion storage.
Malca-Amit has vaults in a number of international locations, including Singapore, Toronto, Zurich( Switzerland) and New York . Your precious metals are covered by the strictest security regulations and are insured against all risks in accordance with their value at the LBMA price thanks to an insurance contract Malca-Amit has signed with Lloyd's of London.
Malca-Amit guarantees that your gold bars are authentic by issuing a storage certificate in your name. Because Swiss law states that a storage firm can only issue a certificate if the specified amounts of gold or silver are actually present in the vault.
A storage agreement is also signed between the client and Malca-Amit, and a storage account is opened in the client's name. Your assets are safeguarded even if GoldBroker declares bankruptcy because they never appear on the balance sheet of either the company or that of their storage partner.
All of their customers have direct access to the vault and can visit or withdraw their precious metals by booking an appointment 48 hours ahead of time.
Historical Gold Prices (Provided by GoldBroker for this GoldBroker Review)
GoldBroker Products
The Goldbroker sells mainly bars of gold and silver as well as some coins. They also include a limited selection of platinum and palladium bars in their catalog. GoldBroker sells gold bars such as Valcambi and Credit Suisse of various sizes with 99.99% purity. For gold coins, they have Gold Kangaroo, Gold Krugerrand, Gold maple leaf, Gold American eagle, Gold buffalo, Gold Britannia, and Gold Philharmonic. The company sells 1 oz gold coins minted by prestigious Mints, such as the U.S. Mint, the Royal Mint, and the Royal Canadian Mint, in tubes of 10 units.
The company also has silver bars of various sizes such as Valcambi, Royal Canadian Mint, and Asahi Refining. The silver coins in their catalog include Silver Philharmonic, Krugerrand, Britannia, and Kangaroo. They also sell 1-ounce silver coins in "Monster box" boxes of 500 units except for 1-ounce Silver Kangaroo which is sold in a monster box of 250 units.
After their manufacture, Bullion products have been kept in sealed storage facilities. The authenticity and purity of precious metals are guaranteed by this traceability. You can also check the corresponding prices for all the products on their product page.
GoldBroker Fees Charged On Products And Services
The commission fees that GoldBroker levies for its various bullion products are not made public. They explained that these fees change depending on the product and become regressive as the order's size and quantity increase. It's crucial to know that on any buyback sales, they charge a 1% commission with a $75 minimum commission total.
Also, the cost of offshore storage for precious metals is based on a sliding scale and the value of the metals that are being vaulted on your behalf. The annual storage fee rate for stored gold less than $20,000 is 1.50%. For gold assets worth $60000, $120000, $240000, and $360,000 the fee rates are 1.25%, 1.20%, 1.15%, and 1.10% respectively.
For those stored silver, platinum, and palladium assets less than $20000, the annual storage fee rate is 1.50%. A fee rate of 1.40 percent is applied to precious metal holdings worth more than $250,000, while any asset worth over $500,000 will have to contact the company to discuss the fee rate. It's also important to note that the company's minimum order size is $10,000 excluding the service fee.
In addition, the company charges three other fees related to vault visits in place of delivery fees for precious metals. Entry to the vault costs $200. There is a $200 charge for picking up metals personally. Owners can take pictures of metals for $10 per piece.
How Credible Are The Gold And Silver Bullions Sold By GoldBroker?
All GoldBroker's bullion products are from recognized and prestigious refiners certified by the London Bullion Market Association (LBMA). Plus, their bullion products are kept in sealed storage facilities once they are manufactured.
Why Invest With GoldBroker?
The unique thing about Goldbroker is that they give investors the opportunity to protect their wealth through direct ownership of gold and silver. Their investment solution is the safest way to own and store precious metals. They sell high-quality bullion bars and coins with secure storage outside the banking system. This automatically eliminates the potential risk of counterparty default and bankruptcy, government confiscation, and bail-ins via the banking system. A certificate of ownership is issued entirely in your name by an independent third party.
With GoldBroker every client has direct personal access to their vaults. Plus you have all your purchased precious metals in their storage vaults insured. Amazing, the company also allows its clients to sell back bullion products bought directly from them. All of these fantastic offers make it irresistible for potential clients not to want to do business with GoldBroker.
How Can I Sign Up For An Account With The GoldBroker?
Signing up for a new account on GoldBroker is very easy and simple.
- Go to their website at GoldBroker.com and click “create an account” to access the account opening form.
- Indicate whether you want to open an "individual" or "company" account in the first field of the form.
- Fill in the required fields, create a password for your account, and then check the boxes "I have read and agree to the general terms and conditions" and "I'm not a robot" before clicking the "Validate" button.
- After submitting the form, you will receive an email confirming the creation of your account.
- You will be able to access your client area once your account has been created. You must first verify your profile by providing the necessary supporting documents before you can purchase precious metals.
What Do You Need To Know Before Choosing Bullion Products On GoldBroker?
Any profitable investment in precious metals depends on the type of product chosen. Your investment objectives, the amount you intend to invest, the level of liquidity you'd like, and the tax laws in effect in your country of residence are all relevant factors to consider.
The main benefit of coins is that they can be divided, but it's important to understand some fundamental numismatic concepts before you buy any because even coins of equal weight may not have the same value. In the event of an immediate need for liquidity, buying small bars enables you to invest in multiple tranches and partially resell your stock.
Finally, buying large gold bars enables you to maximize the number of ounces you can purchase with your investment and take advantage of lower premiums. The amount purchased also has an impact on the high price, which is significantly decreased if you purchase numerous bars or coins.
How To Order A Product On GoldBroker?
- After creating your new account on GoldBroker, make sure you verify your profile.
- Use the "cart" tab to create a shopping cart, then choose the services and products you want to order.
- Check the order you placed, then click "Proceed to checkout."
- Enter your credit card information, select "I accept the terms and conditions," and then select "Place my order" to confirm your order.
- Once your payment has been received, you'll receive a notification at the email address you provided. Our staff will then process your order and arrange for the delivery of the precious metals to the secure vaults in Zurich, New York, Toronto, Singapore, or the specified address.
GoldBroker Customer’s Reviews And Verified Ratings
Although the organization was not listed on many reliable reviews and rating platforms, on Trustpilot, GoldBroker has lots of positive reviews. Many reviewers sing praises of the company in terms of its reliability, amazing professional staff, and excellent customer service. Based on 36 reviews, GoldBroker has rated 4.8 stars out of 5 stars. This rating is not just great, but it's a pointer to the fact that GoldBroker is a fantastic investment company to do business with.
Buyback Program On GoldBroker
GoldBroker.com ensures the liquidity of your investment by purchasing precious metals kept in Malca-Amit-secured vaults. Orders from our clients can be completed in just two business days thanks to the straightforward process. They charge a commission fee of 1% with a minimum of $75 on every buyback sale.
Goldbroker Client’s Information Privacy
The company's core values include maintaining client privacy and information confidentiality. They use an extended SSL certificate as a security measure, allowing you to confirm that you are indeed on our website. Additionally, the data exchanged between your internet browser and the firm's website is encrypted, making it impossible for third parties to hijack it.
GoldBroker only shares information about your transactions through the use of their secure internal messaging service, as long as that is possible. GoldBroker could, however, get in touch with you directly by phone or email if they were unable to get a response in time.
Your bank card information will never be requested over the phone. No personal information or information about your transactions would ever be forwarded by GoldBroker to any authority or government for whatever reason.
GoldBroker Review Pros and Cons
Pros
- They offer bullion bars and coins of the highest quality
- Safe storage outside of the banking industry
- Independent and absolute ownership
- Signing up for a new account with Gold Broker is simple and safe.
- An independent third party issues a certificate of ownership in your name.
- Personal and direct access to your purchased bullion products in their vaults.
- Insurance for precious metals
- Reliable buyback program
- Efficient Shipping service
- Confidentiality of clients' information is kept private and not shared with any authority or government.
Cons
- The majority of their bullion product offerings come in huge quantities of 500 silver coins and 10 gold coins, which is disadvantageous for smaller investors.
- They don't offer many products made of platinum and palladium.
GoldBroker Free Educative Resources For Prospective Clients
Goldbroker's website has extensive educational Resources sections that are filled with a wealth of knowledge on subjects related to investing in precious metals. Among the many educational resources available are comprehensive online investment guides, a FAQ section, and mind-blowing publications.
How Can I Contact GoldBroker Company?
GoldBroker is situated at:
London, United Kingdom, Thomas House 84, Eccleston Square SW1V1PX
Phone: UK - +44 20 7131 0260
USA: +1 800-780-0350
Website: www.goldbroker.com
For centuries, societies around the world have used precious metals as a real store of wealth. Time and time again, precious metals have shown to have a very great and sustainable hedge against economic catastrophe. As an asset, gold can be owned by a debt-free individual and is highly liquid, transparently priced on international exchanges, and has no counterparty risk. Unlike other investment options, precious metals can be rapidly and readily exchanged or sold if the shareholder needs cash.
GoldBroker Review Conclusion
Finally, GoldBroker is a reliable investment company that has a lot to offer their clients. The company has been in business for over 10years with a strong track record and they have a 4.5 star rating on Trustpilot. They also have a very user-friendly website that makes it easy to get started with investing. Overall, we believe that GoldBroker is a great investment company and would recommend them to anyone looking to invest in gold and other precious metals.
The initial order requires a minimum of $10,000. (excluding service fees). The amount is decreased to a minimum of $5,000 starting with the second order.
Only wire transfers are accepted for purchase orders but you can use a credit card, PayPal, or wire transfer to pay the storage fees.
GoldBroker's insured storage partner manages a safe vault where your precious metals are kept. They do not guarantee your stock but through the insurance agreement with our storage partner, all of our investors are protected. Except for losses caused by a civil war, nuclear catastrophe, and terrorism your gold and silver are fully insured against all risks.
Whether ordering gold or silver, GoldBroker provides FREE shipping on all orders. The company delivers packages to every state and territory in the US.
Orders over $250,000 must only be delivered in an armored car: The products being transported and the overall weight of the box will determine the total cost of your shipment. Each order will be evaluated separately. They have very affordable prices.
Operating under the moniker "Goldbroker" is FDR Capital LTD. A limited liability company registered in the UK with its registered office at Thomas House, 84 Eccleston Square, London, SW1V1PX, and registration number 12021533. FDR CAPITAL LTD is duly represented in this document by Mr. Etienne Dargent, its Director.
Any controversy or claim arising out of or relating to the Terms, or their breach, cancellation, or infringement, shall be settled by arbitration in accordance with the International Arbitration Rules of the International Centre for Dispute Resolution.
Secure cryptography techniques are used to protect your Goldbroker account. A top-notch security system keeps your transactions secure and safe.