GSI Exchange Review

GSI Exchange Review

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Established in 2014, GSI Exchange is a recently formed online precious metals retailer. It's one of the few places to put your money to diversify your retirement portfolio and hedge against inflation. It offers precious metals investments for both IRAs and non-IRAs.

The GSI Exchange management team has worked in the financial sector, mining precious metals, manufacturing and sales for many years. They have offices and storage facilities in both the USA and Canada.

  • Product: Precious Metals
  • Owner: Anthony Allen Anderson
  • Overall Rating: 4.0/5

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About GSI Exchange

GSI Exchange Review

GSI Exchange is a precious metal and rare coins dealer established in 2014. The company is located in Palm Beach Gardens, Florida and has served customers nationwide since its inception.

Although GSI Exchange is not BBB accredited, it has an A+ rating from the Better Business Bureau, which reflects the company's commitment to providing outstanding customer service and maintaining high ethical standards.

A team of experienced professionals with years of experience in the precious metals industry manages GSI Exchange. The company is led by Anthony Allen Anderson, who serves as the CEO of the company.

Mr. Anderson has over 30 years of experience in the precious metals industry and is widely recognized as an expert. He is supported by a team of knowledgeable and dedicated professionals committed to helping customers make informed investment decisions.

In addition to its precious metals and rare coins offerings, GSI Exchange provides a wide range of educational resources to help customers learn more about investing in precious metals.

The company's website features a wealth of information on the benefits of investing in gold, silver and other precious metals, as well as tips on how to get started with investing.

GSI Exchange Products and Services

The company provides investors access to physical precious metals, including gold, silver, platinum and palladium. Here are some of the different types of precious metals that GSI Exchange offers:

  • Gold: GSI Exchange offers a variety of gold products, including bullion coins, bars and rounds. Some popular gold products include American Gold Eagles, Canadian Gold Maple Leafs and Gold Krugerrands.
  • Silver: Like gold, GSI Exchange offers a variety of silver products, including bullion coins, bars and rounds. The most popular silver products include American Silver Eagles, Canadian Silver Maple Leafs and Silver Rounds.
  • Platinum: GSI Exchange offers platinum products, including bullion coins and bars. The most popular platinum products include American Platinum Eagles and Platinum Bars.
  • Palladium: Palladium is another precious metal that GSI Exchange offers to its clients. The company provides palladium bullion bars in a variety of sizes.
  • Numismatic coins: GSI Exchange also offers a selection of numismatic coins for collectors and investors. These include American Civil War Commemoratives, United States Gold and Silver Double Eagles and American Indian Head Gold Dollars.

In addition to offering a range of physical precious metals, GSI Exchange provides other services to its clients. Here are a few examples:

  • Precious metals IRA: GSI Exchange offers a Precious Metals IRA, which allows investors to use their retirement funds to purchase physical precious metals.
  • Storage: GSI Exchange also provides secure storage solutions for its clients. The company offers domestic and international storage options to meet the needs of its clients.
  • Education: If you are interested in learning more about investing in precious metals but need help knowing where to begin, GSI Exchange offers a wealth of information on its website. The company provides various educational resources, including articles and videos, teaching everything from investing in precious metals to more advanced topics like gold mining stocks.

Buying from and Selling Precious Metals to GSI Exchange

GSI Exchange Review

The precious metals wholesaler GSI Exchange would gladly purchase your gold, silver, platinum and palladium. However, their major focus is making sales of precious metals to you for investing. From one-cent coins to one-kilogram bars of gold, you can buy them all here. Jewelry made from bullion is also for sale.

Unlike with other retailers, shopping with GSI Exchange gives you access to a comprehensive online inventory. All the information you need, including sale prices, may be found in the catalog.

You may also need to contact them personally to find out what they have available at any particular moment. If you'd rather write them a letter or email them instead of calling their toll-free number, you'll have to do some searching to discover their address.

The prices of GSI Exchange's precious metals are regularly updated and posted on their website. Again, this is because prices tend to fluctuate with market conditions, so they update them often to provide customers with an accurate picture of what things cost right now.

You'll have to contact them personally to find out how much things cost or how much they will pay for what you're selling.

Shipping Process

GSI Exchange Review

There are several convenient delivery alternatives and the shipping procedure is straightforward. If you need the merchandise quickly, you can pay more for faster shipment than the standard option. The company promises that orders are processed and sent within two business days after being received.

Shipping gold with GSI Exchange is quick and easy because of its partnership with UPS. UPS's standard domestic delivery time is two business days and they can reach nearly anywhere in the country.

Unless otherwise specified, orders are mailed by USPS First Class Mail in a bubble envelope. Each package will have a unique tracking number.

If your shipment has not arrived within two weeks of the estimated delivery date, you must contact them (as provided by the USPS tracking website).

Incorrect or partial shipping addresses are not accepted and additional costs will be applied. We will always inform you of the costs associated with reshipping an item if it is returned to us. Please let them know right away if your shipment does not match the invoice's contents or if it arrives damaged.

Fees and Pricing

A user may create a GSI Exchange account without incurring any fees. GSI Exchange has no initial deposit to open an account but does charge a $75 maintenance fee each year.

Fees are exempted if you satisfy any of the following conditions:

  • GSI Elite members who have more than $50,000 in precious metals in storage pay no yearly membership fee.
  • "GSI Platinum" membership is free of charge each year for those with over $100,000 in precious metals.
  • "GSI Diamond" members with over $250,000 in precious metals are exempt from the membership cost.

Pros & Cons of GSI Exchange


  • Free shipping on orders over $10,000 for GSI Exchange customers.
  • GSI Exchange Investing offers competitive pricing on coins and bars for self-directed IRA accounts.
  • New investors can open an IRA with GSI Exchange for as little as $500.


  • A live chat feature is not available on the GSI Exchange website.
  • GSI Exchange Investing only operates physical store locations, making it less accessible to those who prefer online transactions.
  • The website offers a limited selection of precious metals for purchase.

U.S State Regulations on Precious Metals

GSI Exchange Review

The U.S. government regulates the buying and selling precious metals, including gold, silver, platinum and palladium, through various laws and regulations. These regulations are in place to protect consumers from fraud and ensure fair trade practices in the precious metals market.

One of the main regulations is the Dodd-Frank Wall Street Reform and Consumer Protection Act, which requires companies that deal in conflict minerals, including gold, to disclose their supply chain information. This is to prevent the sale of minerals mined in countries with a history of human rights violations or that fund armed conflict.

Another regulation is the Internal Revenue Service (IRS) reporting requirement for precious metals sales. Any individual or company that sells precious metals must report the sale to the IRS if the transaction exceeds a certain threshold, currently set at $10,000. Failure to report the sale can result in penalties and fines.

The U.S. government also regulates the purity and authenticity of precious metals through the Federal Trade Commission. Companies that sell precious metals must accurately advertise the purity and weight of the metals and they must also disclose any treatments or enhancements that have been made to the metal.

In addition to federal regulations, some states have rules on buying and selling precious metals. For example, some states require individuals and companies to obtain licenses before dealing with precious metals.

Precious Metals IRAs

Precious metals IRAs are individual retirement accounts that allow you to invest in physical precious metals such as gold, silver, platinum and palladium. These investments are a haven for investors during economic turmoil, as they hold their value better than traditional stocks and bonds.

Precious metals IRAs can be self-directed, meaning you have more control over the investment decisions made with your retirement funds. A self-directed IRA lets you choose the specific precious metals you want to invest in and the dealers or brokers you work with.

With a self-directed precious metals IRA, you can invest in various metals rather than being limited to a certain type or brand. This can help to diversify your portfolio and spread out your risk.

Additionally, you can make quick decisions based on market fluctuations rather than waiting for a broker or custodian to decide on your behalf.

For example, let's say the stock market experiences a significant dip and you believe that gold will likely increase in value. With a self-directed precious metals IRA, you could quickly move some of your funds into gold, taking advantage of the market shift and potentially earning a profit.

Benefits of Precious Metals IRA

Precious metals IRA offers numerous benefits that traditional retirement accounts such as 401(k) and IRA do not provide.

  • Diversification: Precious metals IRA offers a diversification of assets, which is essential in minimizing risks in investment. Precious metals correlate poorly with other investment assets such as stocks and bonds, making them an excellent hedge against inflation and market volatility.
  • Protection against inflation: Precious metals, especially gold, have a long history of protecting investors against inflation. The value of gold tends to rise when inflation is high, making it an excellent store of value.
  • Preservation of wealth: Precious metals have intrinsic value, making them an excellent store of wealth. They have a long history of maintaining value over time, making them an ideal investment for long-term growth.
  • Tax benefits: Precious metals IRA offers tax benefits such as tax-deferred growth and tax-free withdrawals. This means that individuals can invest in precious metals without worrying about taxes until they withdraw their funds.
  • Security: Precious metals are tangible assets that can be stored in secure vaults, providing high security, unlike other intangible investment assets such as stocks and bonds, which can be easily hacked or manipulated.
  • Liquidity: Precious metals, especially gold and silver, are highly liquid assets that can be easily converted into cash. This makes them an excellent investment for individuals who need quick access to cash.
  • Portfolio protection: Precious metals IRA protects against economic downturns and market crashes. When other investment assets such as stocks and bonds perform poorly, precious metals tend to rise in value, providing a cushion against losses.
  • Estate planning: Precious metals IRA offers estate planning benefits such as the ability to pass down precious metals to future generations. This ensures that individuals can leave a lasting legacy for their loved ones.

Gold IRA Account Options

There are three main types of gold IRA accounts: Roth gold IRA, Traditional gold IRA and SEP gold IRA. Each type of account has unique features and benefits, which we will explore in more detail below.

❑ Roth Gold IRA

With this type of account, you make contributions with after-tax dollars, meaning you won't receive a tax deduction. However, your withdrawals in retirement will be tax-free, which can be a significant advantage if you expect to be in a higher tax bracket when you retire.

Another benefit of a Roth gold IRA is that there are no required minimum distributions (RMDs), meaning you can leave your money in the account as long as you like.

❑ Traditional Gold IRA

With this type of account, you make contributions with pre-tax dollars, meaning your contributions are tax-deductible. However, your withdrawals in retirement will be taxed as ordinary income.

One advantage of a Traditional gold IRA is that your contributions reduce your taxable income for the year, which can lower your tax bill. Additionally, you can contribute to a Traditional gold IRA even if you have a 401(k) or other retirement plans at work, as long as you meet the income requirements.

❑ SEP Gold IRA

SEP gold IRA which stands for Simplified Employee Pension. This type of account is designed for self-employed individuals or small business owners who want to provide retirement benefits for themselves and their employees.

With a SEP gold IRA, you can make contributions with pre-tax dollars, just like with a Traditional gold IRA. However, the contribution limits are much higher, which can benefit those who want to save more for retirement. Additionally, contributions to a SEP gold IRA are tax-deductible for both the employer and the employee.

Which Precious Metals Are IRA Eligible?

GSI Exchange Review

The IRS has established specific requirements for precious metals that are eligible for inclusion in IRAs. The metals that qualify for IRA accounts include gold, silver, platinum and palladium.

To be considered IRA-eligible, these metals must meet specific criteria. For instance, gold must have a purity level of at least 99.5%, while silver must have a purity level of at least 99.9%. Platinum and palladium must have a purity level of at least 99.95%.

Furthermore, the IRS only allows certain forms of these metals to be included in an IRA. For example, gold coins should be issued by a national government and have a minimum purity level of 99.5%. The American Gold Eagle, Canadian Gold Maple Leaf and South African Krugerrand are among the most popular gold coins that meet these requirements.

Silver coins eligible for IRA accounts include the American Silver Eagle and the Canadian Silver Maple Leaf. The platinum coins that meet IRS requirements for inclusion in an IRA have the American Platinum Eagle and the Canadian Platinum Maple Leaf.

Additionally, the IRS allows certain bullion bars to be included in an IRA. For example, gold, silver, platinum and palladium bars must meet specific purity levels and be produced by a recognized manufacturer such as the Royal Canadian Mint or the United States Mint.

Final Thoughts

While GSI Exchange offers a range of precious metals products, their selection may not be as extensive as other companies. Additionally, their services may not be as comprehensive or customer-focused as other highly recommended companies in the industry.

Other companies may be a better fit for investors prioritizing a wider selection of precious metals and exceptional customer service. Our recommended companies have a more robust product range, including rare or hard-to-find metals and may offer services like storage options or buyback programs that GSI Exchange does not provide.

Investors should consider factors such as pricing, selection and quality of service while assessing the merits of different precious metal investment companies. While GSI Exchange may be a viable option for some, there are other highly recommended companies that offer a wider variety of precious metals and superior services.

If you are looking to invest, don't forget to checkout our highest recommended companies!

>> Click Here To See Our Top 5 Recommended Precious Metals Investment Companies <<

Currently our #1 recommendation is offering up to $10,000 in free silver!

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