Founded in 1975, Blanchard’s maintains its headquarters in New Orleans with an office in Dallas, and consists of eighty-five rare metal specialists focused on cultivating long-term wealth for clients. In the last three years, Blancahrd earned over $1 billion in sales. That speaks volumes about their ability to produce, sustain, and satisfy clients.
Blanchard Gold Ratings
Blanchard Gold Complaints
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We handle the brokerage part of it. You would actually work with a company called Goldstar Trust who we have worked with for 25 years Goldstar would set up the account and handle the custodian part. Basically, they would help you roll the funds over to their trust, and once the funds are there and in place, then we would come into the picture.
Goldstar would give us the amount that was available and, at that point, we would call you and discuss with you the products that are available to be placed in the IRA based on the amount of funds you have and then we would lock in the order.
It has to be held by a third party, so we would ship it to the depository we use which is Delaware Depository
Their recommend a minimum investment of $5,000 for an IRA
Goldstar Trust – we have worked with them for the past 25 years
Goldstar has a maintenance fee of $60.00 charged once a year based on the time that you start the account and they do an annual storage fee based on calendar year which just got adjusted to $100.00 for up to 99 ounces.
This is a flat fee. If you have larger amounts of metals, they usually use a formula. You can find out about it on their website. The most it can ever be is $250.00 for everything
No as long as you follow the time line of 60 or 90 days you shouldn’t have any problems
It is usually commingled, but if you want it to be segregated you can pay extra to have that done. You can confirm that with them but as far as I know it is automatically commingled
Yes you can access and track your account online and they do send you either quarterly or semi annual statements
High ratings with BBB
Company has been in the industry for over 25 years
They don’t have a high number of reviews on the trustlink website as well as getting over 9 negative reviews about pushy sales representatives, Rare coins schemes and high premiums
You have to pay extra money to get yor metals segregated and fully allocated
The Bottom Line
Going through the ratings and reviews of Blanchard Gold, we conclude that they require more work to win more attention in the marketplace. In addition, the company charges an extra fee on segregated storage, which is a bit daunting knowing that other competitors with higher ratings offer the same feature with no extras. While there is no sign of scam or fraud related to the company’s reputation, We still recommend you do your due diligence and compare Blanchard Gold with other top gold IRA custodians that we have reviewed to see which one best meets your options.
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