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Blanchard Gold is a company that specializes in the buying and selling of precious metals. They provide investors with a variety of options for adding precious metals to their portfolios, including coins, bullion, and rare coins.
As the US dollar weakens and inflation rises, precious metals tend to gain value according to expert analysis. As such, precious metal investment is a good move, especially for retirement planning. Not only does it provide you with a means of diversification, but it's also widely seen as a hedge against inflation and market volatility.
Unfortunately, even though investing in precious metals is always a good thing, there are certain basics that one has to get right – like finding the right gold IRA partner to work with. There are many companies that operate in this space but Blanchard Gold, our focus for this review, is often mentioned as a unique place to buy and sell precious metals.
Based in Louisiana and operating under the mantra of “America’s rare coin and precious metals firm,” Blanchard Gold is definitely worth investigating.
Also, there is the question of how it compares to the competition which is something we have covered extensively on our blog post about the best gold IRA firms in the country currently. You can have a look at the full article here.
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What Is Blanchard Gold?
Blanchard Gold & Company Inc is a liquidity services provider for precious metal investments that was established in 1975. The company is home to a team of highly experienced professionals who are always ready to provide one-to-one support and expertise to investors.
At the helm of the company is Donald W. Doyle Jr, a renowned leader, and ex-US marine Corps who served in Vietnam. He is the chairman of the vast entity and a key owner having bought the company from its original founders some three decades ago.
The company has its headquarters in New Orleans Louisiana.
Is It a Precious Metals IRA Company?
First off, it is important to clarify that Blanchard Gold is a liquidity provider for physical precious metals for customers who are either looking to add to their home collections or IRAs. The company works with third-party custodians to cater to the needs of IRA investors.
So, if you are looking for a company to help you set up your IRA or rollover from a traditional IRA or 401(k), Blanchard Gold might not be the right company for you.
They only supply you with the gold, silver, platinum, or palladium and work in partnership with trusted custodians who handle the IRA nitty-gritty for you.
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Examples of Services Provided by Blanchard Gold
Now that you are familiar with the fact that this isn’t a fully-fledged IRA company, it’s time to understand the specific services it offers. These include:
1. Supply of Quality Precious Metals for IRAs
The company has a huge inventory of quality precious metal bars and coins to choose from. As a liquidity provider, it works with GoldStar Trust, a highly rated IRA custodian to provide things like paperwork, account maintenance, and so forth.
One thing you need to note about GoldStar is that it requires you to have your minimum IRA purchase at $5000. The company (GoldStar) has over $2.5 billion worth of assets so far and is home to more than 37,000 self-directed IRAs.
Some of the IRA-approved precious metals you can get from Blanchard include:
- Gold – American Eagle, Australian Gold Kangaroo, American Gold Buffalo, Canadian Maple Leaf coins, and the Valcambi Gold Bars among others.
- Silver – American Silver Eagle, Austrian Philharmonics, Australian Silver Kangaroo, Canadian Silver Maple Leaf coins, and the Johnson Matthey Silver Bars among others.
- Platinum – Canadian Platinum Maple Leaf coins and platinum bars from companies like PAMP and EngelHard.
So, much as they don’t provide IRA services e.g., account set up, maintenance, and storage, they have all the items you need to fund your IRA and take advantage of the many perks precious metals come with.
2. Direct Purchases of Precious Metals
Have you got a treasure chest at home that you would like filled with precious metals and other valuables? Blanchard Gold is your plug. They supply you with a long lineup of coins and bars from credible mints drawn from across the world.
What's more, the precious metals are shipped in discreet packaging right to your doorstep. Each shipment is insured while in transit too.
Besides that, as long as you are buying for self-storage, the rules are a lot more relaxed. For instance, you can buy as much or as little as you can afford. That said, the company only provides free shipping services for orders above $300.
PS: IRA precious metals should never be stored at home. Self-stored IRA coins/bars qualify as a distribution meaning there’s a 10 percent penalty to be paid if you happen to be below the age of 59.5.
Luckily, companies like Blanchard Gold and GoldStar Trust are there to ensure that doesn’t happen to you (but it’s always important to be aware of these things).
3. Blanchard Market Outlook & Recommendations
There is more to Blanchard Gold than just the sale of precious metals. The company operates a monthly index that provides industry news, economic trend updates, insights, and expert commentaries.
In addition, the company provides buying recommendations meant to make it easier for you to decide on the precious metals to stock up on in case you're undecided.
However, it is important to note that Blanchard Gold is not licensed to provide financial advice. Therefore, any information or alerts they share should be treated as informational content only, not financial advice.
4. Buyback Program
Blanchard Gold sets itself apart by offering a 100% buyback guarantee on all its precious metals. What is a buyback guarantee in precious metal investment?
Well, this is an obligation on the part of Blanchard to buy back any precious metals you get from them. If you, as an investor, buy coins and bars from them they'll be willing to pay for them at the existing market price should you need to sell them.
This is a good thing because it saves you the hassle of finding a buyer at a later date and guarantees you liquidity anytime you need your metals converted into liquid cash.
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What Payment Options Does Blanchard Gold Accept?
Customers at Blanchard Gold can select from multiple payment methods when ordering precious metals. These include:
- Bank Wire Transfer
- Credit Card
- Money Orders
- Check Payments
How It Works
So, how does the precious metals order process on Blanchard work? Well, you can either have one of their representatives place the order for you on phone or you can do it yourself through a secure online order. Here’s how it goes:
Why Does Blanchard Prefer It When Money Is Deposited to Your Blanchard Account First?
Just like any other investment organization, Blanchard can only initiate trades for you based on the money they have in their accounts.
When you deposit funds with them in advance, they will conveniently lock in your purchase price at the right time. This will enable you to lock in the best prices.
Choosing to, instead, buy directly comes with a few disadvantages. For instance, your purchase is only marked as paid once Blanchard’s fraud team reviews it. This means there might be a delay between the time when you place the order and when it is marked as paid.
The company works with a host of depositories among them the renowned Texas Precious Metals Depository (a GoldStar Trust partner).
The Texas Precious Metals Depository (TPMD) is insured by the Lloyds of London. It charges storage rates at 0.5% of the value of your precious metals per year.
Other than TPMD, Blanchard Gold works with a variety of other depositories so you might want to get in touch with their support team for further advice on a depository service that’s convenient to you.
Why Choose Blanchard Gold?
So, why should you consider working with this company and not its competitors? As it turns out, there are quite a few good things with Blanchard Gold and they include:
Who Is This Precious Metal Dealer Suited For?
So, is Blanchard the right fit for you? Well, they are a good pick if you are looking to convert some of your wealth into precious metals.
Whether you want to do that by setting up a self-directed IRA or are simply looking to add some to your collection at home, this company has got your needs covered.
Generally, precious metals are ideal for cushioning oneself against market volatility and runaway inflation. With the dollar having lost close to 90% of its value since the 70s, you’re better off keeping a portion of your wealth in precious metals. Gold, for instance, has gained 50 times its value since the 70s.
So, if long-term planning is your aim, precious metals have got you covered just like Blanchard Gold.
Overall, Blanchard Gold is not a pathetic place to get your precious metals from. They are a credible company with a longstanding track record. However, they seem to be attracting negative reviews arising from shipping and handling issues.
So, if you’re buying gold to keep at home, this might be something worth asking their customer support about so they can give special attention to your order.
Other than that, this is, indeed, one of the most respected precious metal dealers in the country currently.
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