Kitco Review

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Last Updated on: 23rd September 2024, 09:50 pm

Kitco
Kitco - bySarah Bauder, April 1, 2011
4/ 5stars
on
Kitco
Review Summary :

Founded in 1977, over the past four decades Kitco has become one of the leading precious metals firms. Headquartered in Montreal, Quebec, and with offices in New York and Hong Kong, the company has also become a renowned source for precious metals news with its “Kitco News”. Kitco operates as a Gold IRA company and has partnerships with a dozen of the most esteemed IRA custodians. It has a gargantuan catalog of products, including silver, gold, platinum, and palladium bullion that is approved to be held within a retirement account. Kitco offers a comprehensive storage program for clients to choose from including options in the US, Canada, Hong Kong, and the Cayman Islands.

Pros:

  • Founded in 1977 by industry expert
  • Massive inventory of precious metals products for IRAs
  • Platinum and palladium products on offer

Cons:

  • Low Yelp reviews
  • Some products have relatively high premiums
Quick Facts about Kitco
Year Founded:1977
Company Headquarters:Montreal, Quebec
Annual Fees:Variable
Supports 401(k)?:No
Supports Roth IRA?:No
Crypto Offered?:No
Assets Offered:Gold, Silver, Palladium, Platinum, and Rhodium
Offers Other Assets?:No
Custodian:GoldStar Trust Company, Equity Institutional, Strata Trust Company, New Direction IRA, Inc., American Estate & Trust, Provident Trust Group, NuView IRA Inc, The Kingdom Trust Company, Next Generation Trust Services, UDirect IRA Services, Midland Trust
Current Promotion:N/A
Supports Home Storage?:Yes, for collectible products
International Storage?:Yes
Segregated Storage?:Yes
Preferred Storage Location:Several locations
Preferred Storage Vault:Several options
Reviewed By:Sarah Bauder
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Company Info and Background

Since its inception over 40 years ago, Kitco (www.online.kitco.com) has grown to become a leader within the precious metals industry. Not only does it operate as a broker, likewise, it is also a Gold IRA company with partnerships including some of the most renowned custodians in the industry.

The inventory of products is vast, offering customers a myriad of gold, silver, palladium, and platinum items. Even rhodium products are an available option for those investors inclined towards the precious metal. For retirement savers, there is an excellent selection of IRA-eligible coins and bars.

Kitco is renowned for its “Kitco News” site, and odds are that if you’ve researched the spot price of precious metals, you have visited the website. Additionally, the company is wholeheartedly dedicated to providing the public with educational resources pertaining to precious metals and investment. The “Education” section offers a comprehensive investment guide, bullion terminology, an explanation of bullion fundamentals, and a basic understanding of bullion investment.

Kitco Management Team

Founder and President – Bart Kitner

Kitco was founded by Bart Kitner in 1977 when he was still in university. He studied business studies at McGill University in Montreal, Canada. Kitner also functions as the company’s president.

Kitco Custodians and Storage

Kitco has preferred partnerships with 12 of the most renowned IRA custodians in the industry. The website states the following:

“Kitco, the world’s most trusted precious metals company, has established relationships with some of the most highly reputed, market-leading IRA custodians to help you gain the advantage of precious metals in your IRA. To enjoy streamlined procedures and quick service, set up a precious metal IRA account with any of our following partner custodians:

GoldStar Trust Company, Equity Institutional, Strata Trust Company, New Direction IRA, Inc., American Estate & Trust, Provident Trust Group, NuView IRA, Inc, Sunwest Trust, The Kingdom Trust Company, Next Generation Trust Services, UDirect IRA Services, Midland Trust.”

With regards to storage options, customers have the choice of vault facilities in the US, Canada, Hong Kong, and the Cayman Islands. 

Kitco Products

The Kitco inventory is expansive, consisting of gold, silver, palladium, and platinum bullion. Rhodium is an available option for interested investors. With regards to IRA-eligible coins and bars in various weights, the available options include the Gold American Buffalo, Gold Canadian Maple Leaf, the Gold American Eagle, Silver  American Eagle, Silver Canadian Maple Leaf, Palladium Canadian Maple Leaf, and the Platinum Canadian Maple Leaf.

View the Kitco catalog of products here.

Kitco Precious Metals IRA Info

CompanyKitco
Annual CostVariable
Scaled or Flat Fees? Flat Fees
Partnered Storage VaultSeveral locations
Partnered CustodianGoldStar Trust Company, Equity Institutional, Strata Trust Company, New Direction IRA, Inc., American Estate & Trust, Provident Trust Group, NuView IRA, Inc, Sunwest Trust, The Kingdom Trust Company, Next Generation Trust Services, UDirect IRA Services, Midland Trust
Metals Available Gold, Silver, Platinum, Palldium
Years in Business44 years (1977

Kitco Reviews, Ratings, and Complaints

Below we offer a diverse selection of reviews, ratings, and complaints pertaining to Kitco from trusted consumer reporting and rating agencies sites. Simply click on the links provided to study the reviews in greater detail.

  • BBB Rating: ⭐⭐⭐⭐⭐, A+ (Details)
  • BBB Complaints: 3 complaints closed in the last 3 years (Details)
  • SiteJabber: ⭐⭐ (Details)
  • Trustpilot: ⭐⭐⭐⭐⭐ (Details)
  • Yellow Pages: Not Rated (Details)
  • Yelp: ⭐(Details)
  • Facebook Profile: 11,000+ “Likes” (Details)

Kitco Contact Information

  • Address: 64 Lake St, Ste 101, Rouses Point, NY 12979-1028
  • Phone: (877) 775-4826
  • Email: info@kitco.com
  • Website: www.online.kitco.com

Review All IRA Options Before Investing

It is essential to carefully consider the different precious metals companies available, prior to making any purchases as part of your IRA investment strategy. In addition to its overall reputation, be mindful of a company’s bullion prices, policies, practices, and most importantly, storage fees for precious metals.

Kitco
Kitco - bySarah Bauder, April 1, 2011
4/ 5stars
on
Kitco
Review Summary :

Founded in 1977, over the past four decades Kitco has become one of the leading precious metals firms. Headquartered in Montreal, Quebec, and with offices in New York and Hong Kong, the company has also become a renowned source for precious metals news with its “Kitco News”. Kitco operates as a Gold IRA company and has partnerships with a dozen of the most esteemed IRA custodians. It has a gargantuan catalog of products, including silver, gold, platinum, and palladium bullion that is approved to be held within a retirement account. Kitco offers a comprehensive storage program for clients to choose from including options in the US, Canada, Hong Kong, and the Cayman Islands.

Have you purchased products from Kitco? Leave a review!

Leave your rating

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Sarah Bauder
Sarah Bauder

Sarah Bauder has a decade of experience at numerous publications, writing about finance, politics, economy and more.

Articles: 103

FTC Disclosure: We are an independent blog that aims at providing useful information for retirement account owners interested in alternative assets like precious metals. However, our content does NOT constitute financial advice. Please speak to your financial advisor before making any investment decision. Also, the data quoted on this website represents past performance and does not guarantee future results.

 

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