- 03 Oct 2021
- Comments: 0
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Are you looking to invest in gold, silver, platinum, and palladium to prepare for retirement, save for an important event, or make sure you always have quick access to cash with highly liquidable precious metals? Perhaps you stumbled upon CBMint during your searches for the right company to work with and are wondering whether they deserve your business.
If so, you're in the right place. We've put together this review of CBMint to help you learn more about the company, the products and services they offer, and how you can expect to be treated as a customer to help you determine whether they are the best fit for your needs and expectations. Keep reading to learn more!
Important to mention before we go more in depth with this review!
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The company's website doesn't list a lot of detailed information about CBMint. It says the company was founded by a group of precious metals investors, but doesn't go into detail about who the investors are or even list their names.
CBMint works to offer low pricing on their precious metals. They source the coins and bars they offer directly from manufacturers to cut costs and help investors to save money. CBMint has also worked to simplify their checkout process and accepts different payment methods. Unlike many other companies, they also offer free shipping with insurance for all purchases within the continental United States.
Investing in Precious Metals
CBMint allows investors to purchase a variety of gold, silver, platinum, palladium, and even rhodium coins and bars. A few of the various options you can choose from are listed below, but you can see the full offerings on the website.
Selling to CBMint
If you have coins and bars you are looking to sell, CBMint may be able to purchase them from you. Their website states that they typically pay the current spot price for gold, silver, platinum, palladium or rhodium bullion customers are looking to sell. You are responsible for shipping or delivering your metals to CBMint, but there are not other hidden costs. You can visit the website to learn more about selling your precious metals to CBMint.
Are There Any Red Flags for CBMint?
As you can see from the information below, we were not able to find any reviews for CBMint listed on the Business Consumer Alliance's website, TrustLink, or Trustpilot. These are three of our most trusted review sites when trying to learn more about a company and determine whether they are trustworthy and deserving of business. We don't like recommending companies to our readers that aren't highly reviewed by past customers.
While missing reviews doesn't always tell the full story of a company, it does make it more challenging to decide to give them your business when there are so many other precious metals investment companies that are much more highly rated.
Is CBMint a Scam?
No, CBMint is not a scam. All signs indicate that they are a legitimate company and truly offer the products and services advertised on the website. The company has earned an A+ rating from the Better Business Bureau, which seems highly unlikely if they weren't a legitimate company.
Now that we have established that CBMint is not a scam, you may be curious as to whether they are the right company for you. We don't think they are.
First, as we shared above, we couldn't locate hardly any reviews for CBMint through our trusted online review sites. This doesn't allow you to get a clear picture of the company and how it treats its customers, so it makes it feel like more of a gamble to decide to work with them.
Another thing we didn't love about CBMint is that their website was not very clear or informative. We couldn't find information about the founder(s) beyond what the website said about the company being founded "by a group of bullion investors just like you." It would have been nice to see at least a few names and short bios to tell us more about who actually formed the company.
We also couldn't locate the date the company was founded on the website. Since most precious metals investment companies proudly share who their founder(s) are and when their company first started, this just seems a bit strange.
CBMint only processes orders of at least $500. This isn't a problem if you're looking to invest a large sum of money, but if you're only looking to get your feet wet by purchasing a few pieces of silver, you may not be able to do so if the total is under $500.
CBMint is also not an IRA custodian. You will need to work with a different IRA custodian if you want to open a precious metals IRA. They do recommend working with the Entrust Group.
When trying to write this review, the website seemed to be experiencing a lot of issues, and from what we've read other individuals have had this problem too. We kept getting errors and connection problems and were unable to fully view all the pages on the website.
Between all of these issues, we don't think CBMint is the best company for you to choose to work with and would recommend choosing a different gold investment company.
We don't recommend working with CBMint and think you'll be much better off finding a different company to give your business to. When it was even responding, CBMint's website wasn't as informative and transparent as we would have liked. They are also not an IRA custodian like some other precious metals investment companies you'll find. CBMint also doesn't have many reviews online, so it is hard to know what you can actually expect when you work with them. All-in-all, we'd recommend doing a bit more research and choosing a different precious metals investment company to give your business to.
Although we do think that CBMint is a solid company, we believe that there are better companies out there to make your investment with.
===> See our top 5 recommended companies here (for IRAs AND non IRAs)
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