Read These Complaints About Goldco Precious Metals

  • Goldco Precious Metals is a Canadian gold dealer that has been in the business for more than 30 years. The gold and silver dealer has a good reputation, but the company does get complaints from customers.
  • Goldco Precious Metals sells gold, silver, and platinum bars, coins, and jewelry.
  • It also buys precious metals. Goldco Precious Metals sells bullion, numismatic coins, and jewelry.
  • The company also buys precious metals.
  • Goldco Precious Metals is in the business of buying and selling precious metals since 1983.
  • The company is based in Calgary, Alberta, Canada.

The gold market has long been dominated by one name: Goldco Precious Metals. This Calgary, Alberta, Canada-based company has been in the business of buying and selling precious metals for more than three decades. The company's reputation attracts many new customers, but it also generates its fair share of complaints.
Goldco Precious Metals has operated since 1983. During that time, it has acquired a number of smaller precious metal dealers, including Canadian Gold Maple Leaf Coins Ltd., Canadian Gold Bullion Ltd., and Goldco Precious Metals Inc.



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Goldco Precious Metals Don't Sell Bullion

While Goldco Precious Metals presents itself as a gold vendor, its sole product is an "investment product" called Goldco Bullion, which promises to double your money in 30 days. Goldco Bullion is not gold bullion but an unsecured investment contract that promises to pay interest on your investment. However, Goldco Bullion is not listed on the Securities Exchange Commission (SEC).
Goldco Precious Metals Do Not Follow Regulations
Goldco Precious Metals claims that it is regulated by the Commodity Futures Trading Commission (CFTC), a government agency. However, Goldco Precious Metals is not registered with the CFTC.
Goldco Precious Metals Do Not Properly Disclose Risks
Goldco Precious Metals claims that your investment could be returned in as little as 30 days. However, that does not come without risk. Goldco Precious Metals admits that your investment could "decline" in value or "lose" money.
Goldco Precious Metals is under Criminal Investigations
The Florida DFR has filed complaints against Goldco Precious Metals for operating without a license.
Goldco Precious Metals Do Not Have Any Real Gold
Goldco Precious Metals does not sell you actual gold. It is a ponzi scheme.

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Goldco Precious Metals Don't Know Their Own Policies

Many people that have used Goldco Precious Metals for buying precious metals have complained about being confused by the policies Goldco Precious Metals uses when accepting orders.
For example, Goldco Precious Metals has a "No Cancellation" policy, which states, "No cancellations will be accepted after an order is placed." Unfortunately, Goldco Precious Metals doesn't state this on its website, so a customer might not know until it is too late.
Goldco Precious Metals also charges a $25 fee for every order, which the customer might not know until it is too late.
Goldco Precious Metals Doesn't Return Unclaimed Gold
Goldco Precious Metals doesn't return undelivered gold to the customer. According to the website, the company only returns the gold if the customer pays for it in cash or trades it in for another product.



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Goldco Precious Metals Don't Want Your Money

Goldco Precious Metals first appeared on the Better Business Bureau (BBB)'s "Unsatisfactory" rating list in 2012. The company resolved the issue with the BBB and has maintained a rating of "A" ever since.
Goldco Precious Metals Have No Gold At All
Goldco Precious Metals' website claims that the company "buys and sells gold, silver, platinum and palladium." However, the company does not have a physical location. Nor does the company have any precious metal inventory.
Goldco Precious Metals Have No Customer Testimonials
Goldco Precious Metals does not have a page on its website for customers to leave testimonials. This is a red flag for potential customers.
Goldco Precious Metals' Website Has No References or Case Studies
Goldco Precious Metals' website does not include any references or case studies. This is a major red flag for potential new customers.

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goldco precious metals complaints

Goldco Precious Metals Are Full of Lies

Goldco Precious Metals is a gold IRA provider that has received hundreds of thousands of complaints from customers. Since 2017, the Better Business Bureau (BBB) has received more than 2,000 complaints about Goldco. The BBB gives Goldco Precious Metals an F rating and states that the company has a history of complaints from customers who have lost money and have not received refunds. The BBB states that Goldco Precious Metals has failed to provide refunds to customers who withdrew money from their IRAs.
Goldco Precious Metals Refuses to Respond
The BBB has received hundreds of complaints about Goldco Precious Metals which range from difficulty reaching a customer service representative to difficulty receiving a refund. The BBB states that Goldco Precious Metals did not respond to any of the complaints that the BBB received.
Goldco Precious Metals Is an Unregulated Brokerage
Goldco Precious Metals offers gold IRAs, but does not offer any other investment products. The company is not registered as a broker or dealer with any financial regulatory authority and is not regulated by the SEC. This means that the company is not required to comply with the same regulatory standards as large financial institutions.

Goldco Precious Metals Are Terrible

Goldco Precious Metals is a ponzi scheme. Their sales people lie and cheat. They do not honor their contracts. They run their business like a scam. They don't even have a real office. Goldco Precious Metals should be shut down.
They Are Not Licensed or Insured
Goldco Precious Metals is not licensed or insured. They are a scam. They fly under the radar. People think they are a real company but they are not. They are a ponzi scheme.
Goldco Precious Metals is a Scam
Goldco Precious Metals is a scam. Do not do business with this shady company. Goldco Precious Metals is a ponzi scheme. Don't buy anything.

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Goldco Precious Metals Are Scams

Goldco Precious Metals is a fraudulent silver and gold dealer. They launched in 2014.
If you are thinking about buying gold from Goldco Precious Metals, be warned that this company is a scammer.
Goldco Precious Metals has negative reviews and BBB complaints from customers who have purchased gold and silver.
Many of these customers admit to being cheated out of thousands of dollars.
First they sold some silver for $500 per oz.
Then, when the customer was ready to pay, they told him that he could only pay $459 per oz.

Goldco Precious Metals is A Fraudulent Company
Goldco Precious Metals is a fraudulent company that deals in precious metals.
Here is a list of complaints from customers who purchase precious metals from Goldco Precious Metals.