Blanchard & Company vs BGASC: Choosing Your Trusted Provider
Navigating the precious metals market can be a complex task, especially when it comes to choosing a trusted dealer. But worry not, this post is here to aid that decision-making process. We’re going to delve into a popular topic: Blanchard Company vs BGASC. Through a comprehensive comparison of their offerings, services, and customer satisfaction, you will gain a clear perspective on both dealers, enabling you to make a well-informed choice. So, let’s get started, shall we?
Key Takeaways
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Blanchard Company offers a wide range of investment options including rare coins, comprehensive Gold IRA services, and promotes a unique tangible asset investment philosophy; BGASC emphasizes a strong selection of bullion products, competitive pricing, and excels in customer service and online shopping experience.
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Both Blanchard Company and BGASC provide diverse precious metals investment opportunities, comprehensive Gold IRA services adhering to IRS compliance, and support for portfolio diversification, with distinct features such as a focus on numismatics and different IRA administrative and storage fee structures.
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Customer satisfaction and transparent fee structures are important to both companies, as seen in their prompt customer services, clear fee disclosures, and favorable feedback and ratings; both companies have buyback policies and support clients in long-term investment and portfolio diversification.
Blanchard Company Overview
Founded by James Blanchard, a visionary who recognized the importance of private gold holdings, Blanchard Company has made a significant impact on the gold investing landscape in the United States. Today, the company is a reputable precious metals dealer, offering a wide range of comprehensive investment services. Whether you’re a novice in the precious metals investment journey or an experienced investor, Blanchard Company caters to clients at every stage of their investment journey.
James Blanchard was instrumental in:
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overturning restrictive laws related to gold investing
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paving the way for private ownership of gold
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opening up the precious metals market to individual investors
His legacy continues to influence the company’s operations, as Blanchard Company remains a key player in the precious metals industry.
Rare Coin Selection
Specializing in rare and collectible coins, Blanchard Company offers unique investment opportunities for those looking to diversify their portfolios. Their primary focus is on providing investors with exclusive access to rare coins and physical precious metals, which not all gold IRA companies do. The inclusion of these coins in a portfolio can provide added collector value alongside their metal content, making it a potentially lucrative investment.
Understanding the respective advantages and disadvantages of investing in bullion coins as opposed to rare coins is needed. Here are the key points to consider:
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Bullion coins are valued based on the market price of gold, offering a more stable investment.
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Rare coins derive their value from scarcity and demand, which can potentially lead to higher returns.
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To determine the value of rare coins, a professional coin grading service can be helpful.
Gold IRA Services
Blanchard Company provides comprehensive gold IRA services, including:
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Assessing the eligibility of your existing IRA for a rollover or determining the need for establishing a new one.
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Assisting in identifying a reputable custodian, if required.
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Offering guidance in choosing the appropriate type and quantity of metals for your investment.
They guide clients through the setup process and ensure compliance with IRS regulations.
Selecting a Gold IRA company requires finding a firm that provides comprehensive guidance and promotes educated decision-making during the IRA setup. The fees associated with a Gold IRA usually encompass setup, maintenance, insurance, and storage, with a preference for flat annual fees over scaled ones.
Blanchard Company ensures that the process adheres to IRS regulations by offering assistance with transfers and rollovers, streamlining the process, and managing all relevant documentation.
Investment Philosophy
At the heart of Blanchard Company’s operations lies a unique investment philosophy centered on tangible asset investing. Led by a team of highly experienced professionals specializing in the gold market, precious metals, and rare coins investment strategies, Blanchard Company is dedicated to helping clients grow their wealth.
The company provides customized investment strategies that are specifically designed to meet the unique requirements of investors embarking on their precious metal investment journey. These strategies are crafted with an emphasis on gold and rare coins, taking into account the principles and strategies that align with an investor’s risk tolerance and objectives.
Blanchard Company also offers market insights through resources like the Blanchard Index, giving investors a unique perspective on precious metals.
BGASC Profile
Moving on to our second dealer, BGASC is another reliable player in the precious metals market. Offering a diverse range of bullion products, BGASC ensures competitive pricing and guarantees customer satisfaction through their user-friendly online platform. They provide a variety of precious metals including gold, silver, platinum, and palladium, catered to the needs of various investors.
BGASC also prioritizes customer satisfaction. They implement responsive customer service and rapid shipping policies, ensuring that the customer experience remains at the forefront of their operations. This commitment to customers, coupled with their competitive pricing strategy, makes BGASC a trusted choice for many precious metals investors.
Bullion Products and Pricing
BGASC offers a wide range of bullion products including bars, coins, and rounds from various mints and refineries worldwide. By providing such a diverse range, BGASC ensures that investors have a multitude of options to choose from when diversifying their portfolios with precious metals.
In addition to their diverse bullion offerings, BGASC also provides numismatic options, including pre-1933 gold coins, junk silver coins, and other collectible items, catering to individuals with an interest in rare coins. Recognized for implementing a competitive pricing strategy, BGASC ensures that customers attain substantial value for their investment.
Customer Service Excellence
BGASC is dedicated to providing prompt customer service. With dedicated representatives available to assist customers through phone or email, BGASC ensures that all customer queries and concerns are addressed promptly.
Operating from Monday to Friday, 8 am to 6 pm CT, BGASC endeavors to address customer service inquiries within an average of 12 hours and 10 minutes. They also have a systematic approach to handling complaints and disputes, requiring customers to notify their Customer Service Department via telephone.
This commitment to resolving customer issues reflects BGASC’s focus on maintaining high standards of customer service.
Online Shopping Experience
BGASC’s website offers a user-friendly interface that facilitates easy navigation for customers to explore, compare, and buy products. Notable features include:
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A comprehensive, interactive Silver price chart
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A variety of popular Silver bullion products
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The option to purchase 1 oz BGASC Silver Rounds online, which come with protective plastic flips.
BGASC ensures the security of customers’ online transactions through various measures, such as:
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Utilizing an HTTPS website address
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Complying with payment card industry data standards
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Accepting secure payment methods like credit card, debit card, and bank wire
These comprehensive safeguards effectively protect transactions and customer information.
Head-to-Head: Precious Metals Offerings
Now, we will compare Blanchard Company and BGASC. Both companies provide a diverse range of investment opportunities in precious metals. Blanchard Company offers gold, palladium, and platinum, as well as a variety of gold and silver bullion coins. Similarly, BGASC presents precious metals investments such as gold, silver, platinum, and palladium, along with an assortment of bullion bars, coins, and rounds.
When it comes to distinctive investment options, Blanchard Company offers American numismatic rarities in addition to gold, silver, platinum, and palladium bullion. Meanwhile, BGASC provides unique products such as 1 gram Sunshine gold bars with assay cards, 5 oz silver bars, and the America the Beautiful Five Ounce Silver Coins produced by the U.S. Mint.
Diverse Investment Options
Examining the investment options, both Blanchard Company and BGASC offer a wide array of precious metals. Blanchard Company offers a diverse selection of precious metals, encompassing gold, silver, platinum, and palladium bullion, in addition to rare coins. Similarly, BGASC provides an inventory that includes gold, silver, platinum, and palladium bullion coins and bars.
While both companies offer a variety of precious metal investment options, they each have their own unique features. Blanchard Company provides a diverse array of investment options, such as rare coins and specific diversification strategies within gold, which have demonstrated strong performance over time.
On the other hand, BGASC provides a variety of gold, platinum, and silver coins and bars to enhance portfolio diversification, making them suitable for gold IRAs or other investment portfolios.
Educational Resources and Insights
To support investors in their precious metals venture, both companies offer insightful market analysis and educational materials. Blanchard Company offers online educational resources, including market news, investor resources, and educational materials like webinars. These resources assist clients in making well-informed decisions regarding precious metals investments.
On the other hand, BGASC offers market insights through their blog, providing extensive coverage of news and advancements in the precious metals market. This includes an examination of the most recent trends in gold and interactive charts, assisting clients in staying updated about the factors that could affect their investments.
Evaluating Gold IRA Services
As we examine further the services offered by both companies, we’ll discuss their Gold IRA options. When evaluating a Gold IRA company, it is important to consider factors such as:
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the company’s longevity in the industry
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its public standing
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endorsements from reputable independent sources like investment publications and consumer advocacy websites
Thorough research on the company’s reputation, compliance framework, ratings, and customer reviews is essential before finalizing any investment decisions.
While considering a Gold IRA, one should verify the following:
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IRS compliance
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Secure physical gold storage
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Transparency in delivery times and terms
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Efficient, seamless delivery of precious metals
Companies such as BGASC are a prudent option for those interested in numismatics, as they provide both numismatics and Gold IRA investments. It is generally recommended to opt for a low flat rate for administrative and storage fees when considering Gold IRA services.
IRA Setup and Support
The process of establishing a Gold IRA can be intricate, yet both Blanchard Company and BGASC assist clients throughout this process. The process of establishing a Gold IRA with Blanchard Company entails verifying the eligibility of your existing IRA or opening a new IRA that complies with the IRS standards for including precious metals.
On the other hand, the essential step in establishing a Gold IRA with BGASC is to:
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Open a self-directed IRA account with one of the preferred custodians.
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BGASC provides support to clients during the IRA setup process by facilitating the purchase of precious metals for their IRA and offering a toll-free number for securing the purchase.
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They provide a diverse range of coins and bars that are eligible for IRAs, enabling customers to personalize their retirement accounts according to their preferences.
IRS Compliance and Security
To meet IRS regulations for gold IRAs, gold must maintain a purity of 99.5%, silver coins and bars 99.9%, and platinum and palladium coins and bars 99.95%. Compliance with these IRS regulations is a priority for both Blanchard Company and BGASC.
Blanchard Company ensures IRS compliance for Gold IRA by collaborating with an IRS-approved custodian bank, such as GoldStar Trust Company, to securely hold the gold included in the IRA. On the other hand, BGASC ensures IRS compliance for Gold IRA by offering comprehensive guidance in setting up a tax-advantaged IRA and confirming that precious metals investments within an IRA account are managed by an approved custodian.
Customer Experiences and Satisfaction
In terms of customer service, client satisfaction is a priority for both Blanchard Company and BGASC. The overall quality of customer service is determined by:
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Direct interactions with clients
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Prompt response times
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The presence of dedicated account managers
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The expertise of support staff
These elements are crucial in guaranteeing customer satisfaction and assistance.
Prompt customer service is important as it ensures timely assistance and support, especially for time-sensitive transactions in precious metals. It is recommended that precious metal dealers provide a range of support channels, such as:
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Phone
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Email
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Live chat
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In-person consultations
This ensures that clients have multiple avenues to receive the comprehensive assistance they require.
Client Testimonials
Client testimonials can offer useful perspectives on the experiences of previous customers. Both Blanchard Company and BGASC have received mainly positive feedback from clients, who have expressed appreciation for their customer service and support.
However, there are specific points of praise and criticisms in the testimonials for each company. Clients of BGASC have conveyed their satisfaction with the company’s customer service, competitive pricing, and overall contentment with their orders.
On the other hand, Blanchard Company has received feedback from clients highlighting concerns such as higher pricing for holdings, upselling of investment opportunities, and excessive commissions and fees.
Business Consumer Alliance Ratings
The Business Consumer Alliance provides ratings for companies based on a variety of factors, including the company’s type of business, length of time in business, and other composite scores.
Both Blanchard Company and BGASC have strong ratings from the Business Consumer Alliance. Blanchard Company currently holds a BBB rating, effective as of 10/22/2023. This reflects their dedication to customer satisfaction and ethical business practices.
Investment Costs and Fees
Now, we will focus on the investment costs and fees related to both Blanchard Company and BGASC. Transparency in pricing structures is crucial for investors as it enables them to make well-informed decisions about costs and fosters trust with the dealer.
In terms of pricing, both Blanchard Company and BGASC offer competitive prices for their precious metals products. Blanchard Company’s pricing is competitive within the precious metals market, similar to BGASC which offers competitive pricing on their products with low premiums over the spot price.
Transparent Fee Structures
Blanchard Company and BGASC both ensure transparency in their fee structures by providing clear, comprehensive information, allowing clients to fully understand the costs associated with their precious metals investments.
Blanchard & Company’s precious metal investment services entail an initial setup fee of $25, annual admin fees ranging from $60 to $250 (scaled rate), and annual storage fees of $100 (scaled rate). On the other hand, BGASC imposes a $25 Bank Wire fee for expedited payment transactions.
Comparing Competitive Pricing
Both companies offer live spot prices for various precious metals. Blanchard Company offers live spot prices for various precious metals such as gold, silver, platinum, and palladium, whereas BGASC provides live spot prices specifically for gold and silver per troy ounce.
The pricing of precious metals at Blanchard Company is influenced by various factors including the spot price of gold and bond yields. On the other hand, BGASC ensures that customers attain substantial value for their investment through their competitive pricing strategy.
Long-Term Investment Considerations
As we conclude our comparison, considering long-term investment factors is important. Both Blanchard Company and BGASC offer buyback policies. Blanchard Company offers a buyback guarantee for long-term investments, allowing clients to sell back any tangible asset at the then current price, at any time. On the other hand, BGASC provides a 3-day return policy and offers exchanges within 5 business days of delivery if the purchase is not satisfactory.
In terms of portfolio diversification, Blanchard Company provides a diversification strategy within gold that has been identified through decades of research and experience. On the other hand, BGASC provides a variety of gold, platinum, and silver coins and bars to enhance portfolio diversification, making them suitable for gold IRAs or other investment portfolios.
Buyback Policies
Both Blanchard Company and BGASC have established policies in place for the buyback of precious metals. Blanchard Company’s buyback policy outlines the process for eligible returns of precious metals, specifying that they will refund the purchase price and any applicable sales taxes.
On the other hand, BGASC’s buyback policy is accessible through their Sell-To-Us Program, with a minimum requirement of $1,000 for products, and provides a return option within five business days of receipt.
Portfolio Diversification Support
Portfolio diversification in precious metals investment is significant as it allows for the dispersion of investment capital across various types of assets, thereby mitigating the risk associated with any single metal and potentially enhancing returns over time. Both Blanchard Company and BGASC provide guidance and support for clients looking to diversify their investment portfolios with precious metals, making precious metal investing a viable option.
Blanchard Company facilitates portfolio diversification by providing a diversification strategy within gold that has been identified through decades of research and experience. On the other hand, BGASC facilitates portfolio diversification for its clients through the provision of a variety of precious metals assets, such as gold and silver coins, and precious metals IRAs. These assets enable investors to diversify their portfolios and safeguard their wealth.
Summary
In this comprehensive comparison, we’ve delved into the offerings, services, and customer satisfaction of two reputable precious metals dealers – Blanchard Company and BGASC. From their unique investment options to their approach to customer service, both companies offer their own distinctive advantages. However, the choice between the two ultimately depends on your individual investment goals and preferences.
As we conclude this post, we hope that you now have a better perspective of both Blanchard Company and BGASC. Whether you’re a novice or an experienced investor, choosing a trusted precious metals dealer is a crucial step in your investment journey. By understanding the offerings of each dealer, you can make a well-informed decision that aligns with your investment goals.
Frequently Asked Questions
Where is the best place to buy gold online?
The best place to buy gold online is from trustworthy and well-known gold dealers such as JM Bullion, APMEX, and American Hartford Gold, which are highly rated and have a clean record with consumer protection agencies.
Does Blanchard buy gold?
Yes, Blanchard buys gold, along with other precious metals like silver, platinum, and palladium bullion, as well as rare coins.
What types of precious metals do Blanchard Company and BGASC offer?
Blanchard Company and BGASC offer a range of precious metals, including gold, silver, platinum, and palladium.
How does each company support portfolio diversification?
Both Blanchard Company and BGASC support portfolio diversification by offering a range of precious metal options, including gold, platinum, and silver coins and bars. This helps investors spread their investments across different assets for a more balanced portfolio.
What are the buyback policies of Blanchard Company and BGASC?
Blanchard Company offers a buyback guarantee for long-term investments, while BGASC provides a 3-day return policy and exchanges within 5 business days of delivery.
