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- Trusted chain of precious metals retail locations
- Strong customer reviews on Yelp, BBB, etc.
- Big selection of IRA-eligible bullion and coins
- Transparent management team with active founders
- Shipping delays are somewhat frequent
- Markups and prices can be a bit above average
The Gold Guys (http://www.goldguys.com/) is a gold buying partnership with 13 physical locations throughout Minnesota, California, Iowa, and Hawaii. The company was founded in 2008 and is headquartered in Minneapolis, MN. The Gold Guys specialize in buying coins, bullion, diamonds, jewelry, and sterling silver.
About the Management
The Gold Guys is owned and operated by long-time friends and business partners Shane Maguire and Joe Beasy. The two have been in business together for more than two decades and are commonly referred to as “The Gold Guys,” hence the name of their business. More insight about the company's management can be found on their Mission Statement page.
The Gold Guys Ratings and Complaints
Below we've listed ratings and reviews on The Gold Guys from the internet's most trusted business directories and ratings bureaus:
- BBB Rating: A+ (Details)
- BBB Complaints: 0 complaint in the last 3 years (Details)
- BCA: AAA (Details)
- BCA Complaints: 0 complaints in the last 3 years (Details)
- CitySearch: Not Rated (Details)
- RipOff Report: Not Listed
- SiteJabber: Not Rated (Details)
- Trustlink: Not Rated (Details)
- Yellow Pages: (5 / 5) based on 1 review (Details)
- Yelp: (4 / 5) based on 29 reviews (Details)
The Gold Guys have a pretty decent online reputation actually, and had they been a more established company that specializes in selling instead of buying, they probably would have ranked higher on our list. With a 4.5 rating on Yelp based on 17 reviews, and a AA rating with the BCA, this small company has done a good job of maintaining trust while selling gold for their clients.
The Gold Guys Contact Details
- Address: 60 E Broadway, Minneapolis, MN 55425-5510
- Phone: 1-877-801-5323
- Phone: (952) 465-3489
- Website: http://www.goldguys.com/
Comparing Companies Before Purchasing Gold for Your IRA
When you're getting ready to invest in a Gold IRA there are two key decisions you'll have to make:
A) which company will be your precious metals dealer – who will you buy your gold from?
B) which company will be your IRA custodian – who will store your gold?
In some cases the same company will be able to supply you with gold as well as recommend an IRA custodian that will assist you in setting up and funding an IRA.
Obviously, when comparing a gold supplier your top priority should be to get the best price from a company with an outstanding reputation. When comparing IRA custodians your top priority should be to find a company that charges a low flat-rate fee instead of sliding scale fees (which increase as the account value rises).
We've researched the top 10 Gold IRA companies and have created a useful comparison chart that shows which companies charge flat-rate fees and have the best ratings online.
Contact Us if You Own or Represent The Gold Guys
If you're an owner, representative, or associate of The Gold Guys, and you'd like us to correct or update any of the information in this review, feel free to contact us immediately with your revision requests. We aim to give our readers the most accurate and helpful company reviews continually.
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The Gold Guys Review Summary
The Gold Guys' official website does not have a product catalog and there is no indication that they sell gold through their website. Their site is split into seven main sections – How to Sell Gold, What We Buy, FAQs, Meet the Gold Guys, Locations & Contact Info, Testimonials, and News. There are no mentions of IRAs or precious metals storage on GoldGuys.com, nor is there a section for shipping policies, so the cost of purchasing precious metals from The Gold Guys is relatively unknown.