- 02 Nov 2021
- Comments: 0
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Many individuals see precious metals as the ideal asset to hold in their investment portfolios. Investing in gold, silver, and other precious metals diversifies your portfolio, hedges against inflation, and can help you prepare for retirement or other important life events.
Gem State Gold and Silver is one precious metals investment company that can help you invest in gold and silver. The company also buys precious metals if you have any you are looking to sell. If you are wondering whether Gem State Gold and Silver is right for you, continue reading. We've laid out all the important information you'd want to learn about this company to decide whether you feel comfortable doing business with them.
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About Gem State Gold and Silver
Gem State Gold and Silver is a precious metals company located in the Boise, Idaho area. They buy, sell, and assay precious metals. The company's owners are Marvin and Yvonne Tanner.
Gem State Gold and Silver recently moved to a new private location. They selected this location to offer their customers a more discreet place where they can buy gold and silver without others seeing what they are doing. Appointments can be made any day; you just need to call in advance.
Products and Services
There are a number of services offered by Gem State Gold and Silver. You can work with the company to:
Are There Any Red Flags for Gem State Gold and Silver?
Now that we've gone over what Gem State Gold and Silver is and the services they offer, let's examine whether there are any red flags that may indicate they aren't the right company for you to work with. While looking up reviews for the business through reputable online sources, we were unable to find many customer reviews. For example, there were no reviews listed on the Business Consumer Alliance website, TrustLink, or Trustpilot.
The company does have an A+ rating from the Better Business Bureau, but those ratings aren't based on customer reviews. There was only one customer review listed on the BBB website. Gem State Gold and Silver also isn't a BBB Accredited Business.
While there don't appear to be many negative reviews for Gem State Gold and Silver, there also don't appear to be many positive reviews. When you can read up on what other customers say about a company, it doesn't help you get a full picture of what they have to offer. Since there are so many other precious metals investment companies that do have numerous reviews from their past customers, it does seem like a bit of a red flag for Gem State Gold and Silver.
Is Gem State Gold and Silver a Scam?
No, Gem Sate Gold and Silver isn't a scam. They are a legitimate company located in the Boise, Idaho. However, we would not recommend choosing them if you're looking to purchase gold and silver for a few reasons.
The first reason we don't think Gem State Gold and Silver is the best company to work with is that there aren't many reviews available from past customers. We couldn't find any reviews listed on the Business Consumer Alliance's website, TrustLink, or Trustpilot. As we noted above, this doesn't necessarily mean that they are a poor company, but it doesn't give us a lot of evidence to suggest that they are a great company either.
The next reason we don't recommend Gem State Gold and Silver is that their website very outdated and not very organized. The majority of the website is text, mostly written in all capital letters. It is difficult to read and doesn't include any links or images to show the specific gold or silver coins and bars that are available.
The website also doesn't list any pricing for specific items; you'll have to call or email one of the owners to find out more about which coins or bars they sell and how much they cost.
Based on the limited information on the website, it also doesn't appear that Gem State Gold and Silver offers IRA services. If you're thinking about adding precious metals to an IRA, they probably aren't the right company for you.
We don't think Gem State Gold and Silver is the best company to use when you're looking to invest in precious metals. There are other companies out there with a better reputation, a more updated website, and more clear service offerings than what Gem State Gold and Silver seem to offer. We'd recommend choosing one of them instead.
Although we do think that Gem State Gold And Silver 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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