Gold Broker Review

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Last Updated on: 23rd September 2024, 10:23 pm

Gold Broker

Gold Broker - byDavid Crowder, April 1, 2011

3/ 5stars

Gold Broker

Phone : 800-780-0350
URL :
www.goldbroker.com

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Review Summary :

GoldBroker's greatest strength lies in its international storage options. This does not apply for U.S. based IRA's, but it is a terrific option for others who are interested in out of the banking system storage. Their bullion product offerings are mostly in larger quantities of 10 gold coins and 500 silver coins quantities, a downside for smaller investors.

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Pros:

Signing up with Gold Broker is easy and secure
They have expanded their offerings to include a selection of gold and silver coins
The company offers fully allocated international storage in Switzerland, Singapore, and Canada

Cons:

Their selection of coins is mostly limited to large quantity orders
They offer little in the way of platinum and palladium products
The company does not publish any statistics on their holdings of precious metals or those of their vault partners

Quick Facts about Gold Broker

Reviewed By:David Crowder

Published On:December 23, 2022

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Gold Broker Company Info & Background

Gold Broker (www.goldbroker.com) is a somewhat mysterious organization at first glance. Finding information about them can be difficult unless investors know to look under the name of their parent company FDR Capital. Gold Broker is essentially a custodian of bullion that also sells gold, silver, platinum, and palladium bars and coins. It maintains offices in New York City, Malta, and London. Malta is the headquarters of their parent company and location of their back office.

The company is focused on the importance of physically held gold or silver bars and coins that are allocated and stored entirely outside of the traditional banking system. To this effect, they offer secure allocated storage for precious metals in Switzerland, Canada, and Singapore. Providing investors with an offshore and discreet storage possibility for gold and silver is really GoldBroker.com's strength and purpose. Their corporate vision revolves around helping holders of precious metals to do this easily.

The company exists primarily as an online platform that is simple to use. They sell investors gold and silver bullion bars and coins (and a limited selection of platinum and palladium bullion) and also will purchase them back under their buy back program. They allow the owners of precious metals to keep these holdings completely in their own name with full ownership of the precious metals and no intermediaries involved. To get started, clients must purchase a $5,000 minimum quantity of gold or silver. They offer one ounce gold and palladium bars. Coin purchases start at 10 ounces of gold as 10 rolled one ounce coins or 450 -500 ounces of silver in monster boxes of silver coins.

Gold Broker Management Team

Two principle individuals run Gold Broker. These European experts have many years of experience in investing. Fabrice Drouin Ristor is the fund manager. He is CEO of both Gold Broker and their parent company FDR Capital. Ristor has been involved in managing a range of precious metals and other types of investments since 2008.

Egon von Greyerz is the powerhouse man behind FDR Capital and Gold Broker. He started on the company's board back in November of 2012. Von Greyerz founded internationally respected German company Matterhorn Asset Management AG as well as GoldSwitzerland.com. Egon's career spans decades back to his start as banker in Switzerland's banking industry. He then worked for over 17 years at British FTSE 100 firm Dixons Group, PLC. While at Dixons, Von Greyerz served as Finance Director and then Vice Chairman. He was so successful in mergers and acquisitions that he used his abilities and asset allocation consulting contacts to launch Matterhorn Asset Management. His company succeeded through its abilities to maintain wealth.

The subsidiary GoldSwitzerland.com began in order to provide sales and storage of silver and gold for investors, corporations, trust, and pension funds. Von Greyerz attained name recognition in the United States and United Kingdom with his frequent appearances on such news and financial programs as CNBC, the BBC, and King World News. He is a featured speaker at investment conferences around the globe. The man also writes numerous articles on precious metals, the global economy, and preservation of wealth strategies. His presence at FDR Capital and Gold Broker lends a great deal of credibility and name recognition to the precious metals storage and dealer.

Gold Broker Custodian and Storage

Goldbroker has two primary custodians with whom they work. In Europe, they preferred partner is Rhenus Logistics. For U.S. IRA accounts, they partner with Matterhorn Asset Management. All of their international storage options are handled through their affiliated partner Malca-Amit. Malca-Amit provides storage in several offshore locations including Zurich (Switzerland), Toronto (Canada), and Singapore (Asia). Onshore storage for American IRA accounts is provided at their U.S. vaults found in New York. The companies provide insurance through La Bâloise Insurance Company for all precious metals which are completely allocated and professionally stored.

Gold Broker believes in outside of the banking system storage. This disposes of any risks of counterparty defaulting and bankruptcy, government confiscation, and bail-ins through the banking system. You are allowed to see and collect your gold in no more than 48 hours through this storage arrangement, regardless of whether banks are open or not.

Gold Broker Products

Gold broker carries mostly gold and silver bars and some coins. They also offer a few choices in platinum and palladium bars. Most of their products are offered in large quantities, such as 10 ounce rolls of gold coins or 450-500 monster boxes of silver coins. They have recently begun offering these coins and smaller sized one ounce bars of gold, platinum, and palladium alongside their traditional larger gold and silver bars. The bigger bars start at 15 ounces of gold and range up to 1,000 ounces of silver. They will buy back any of the products which they sell once you contact them and discuss what quantity you wish to liquidate. Not all of their products are approved for IRA accounts, and neither is their offshore storage arrangement allowed by the IRS in these retirement vehicles.