GoldBroker.com Review

When reading the information below, please bear in mind that the gold dealer Goldbroker.com can change its sales conditions at any time. Even though we will make every effort to reflect up-to-date information, we cannot guarantee the accuracy, reliability, completeness or timeliness of the information contained underneath. This website is not responsible or liable in any way for the actions of its readers.

Online Gold Dealer Reviews United Kingdom flag icon Bullion for big-budget investors safely stored outside the banking system

The Goldbroker.com website is maintained by the corporation FDR Capital Ltd. that recently moved its headquarter from the European country of Malta to the United Kingdom. The mailing address of the company's new London headquarter is: FDR CAPITAL LTD, Thomas House - 84 Eccleston Square, London SW1V1PX, United Kingdom.

GoldBroker.com sells gold and silver bullion bars and coins which will be stored outside the banking system at a secure storage facility in Zurich (Switzerland), Toronto (Canada), New York or Singapore. The storage provider is independent from GoldBroker.com. The secure storage company directly issues the ownership certificate mentioning the name and serial number of the bullion bars owned by the client. Customers can choose to have their holdings shipped to their home. The large minimum investment of US$ 10,000 makes GoldBroker.com suitable for big-budget investors.

The opportunity to discreetly store all purchased gold and silver bullion offshore outside the banking system is one of the main draws of GoldBroker.com. That substantially reduces the risk of government confiscation and bank defaults. The company is run by two esteemed individuals with lots of experience in the precious metals industry. The first one is Fabrice Drouin Ristori who serves as the CEO of both GoldBroker and its parent company FDR Capital. Egon von Greyerz is the man pulling the strings in the background.

screenshot of the GoldBroker.com gold dealer website

Pricing

The gold dealer GoldBroker.com charges commissions for the buying of the offered gold and silver bullion products as well as for the annual management (which includes storage) of the accumulated holdings. Quantity discounts are available when ordering certain products.

Buying Commission:

GoldBroker charges commissions for all bullion products that are sold and the commission amount varies from product to product. The commission is included in the listed sales prices. The minimum order amount is US$ 10,000. The larger the order amount, the lower the included commission percentage will be so it is better to place one large order instead of multiple smaller ones.

Selling Commission:

GoldBroker buys back precious metals that the buyer has kept in storage units. A commission of 1% is charged for all precious metals that are bought back in this way (minimum of US$ 75).

Annual Management & Storage:

1.5% (+ US$ 125 storage account maintenance fee if less than US$ 20,000 in total stored value). The annual storage account maintenance fee is offered by GoldBroker if the total stored value exceeds US$ 20,000 regardless whether the stored precious metal is gold or silver or both. The annual storage fee percentage goes down the higher the total stored precious metal value is. Check this official page to find out what the exact current rates are.

The annual management and storage fees are applied on the total value of the investor's holdings. The fees include: storage of the investment in a secured warehouse, secure transportation, insurance of the investment, issuance of a certificate of ownership in full name, customs clearance as well as administrative fees for the management of the investor's account.

All management and storage fees for the first year have to be paid in advance. From the second year on, invoices can be issued quarterly or annually, whichever the investor prefers.

In addition to that, GoldBroker.com charges fees of US$ 200 if the customer requests a vault inspection of his/her holdings at the secure storage vault in Zurich or Singapore. Personal pickup of the gold and/or silver holdings incurs a US$ 200 fee as well.

The purchased physical gold and silver can also be directly shipped to customers in the United States (free shipping on all gold/silver orders) and France (shipping rate depends on the weight of the order). You can find more information about GoldBroker's insured shipping service on this page.

Ordering

Customers first have to open an investor account with GoldBroker.com online, which then has to be verified by providing a passport copy, proof of residence and a copy of their banking coordinates. Funds can then be transferred via bank wire to credit the investor account. Upon reception of the wire transfer, gold and silver purchases can be initiated online. The minimum order amount is US$ 10,000. The purchased precious metals will be stored in secured vaults in Zurich (Switzerland), Toronto (Canada), New York or Singapore. The investor has to sign a contract with the secure storage provider, which will issue an original certificate of storage in the investor's name, showing the serial numbers of the owned precious metal bars. Investors can personally verify their holdings at the vault where their precious metals are stored and make partial or complete withdrawals. Employees from GoldBroker.com don't need to be present for that as the gold and silver is directly owned by the investor.

Payment

GoldBroker.com exclusively accepts the payment via bank transfer after verification of the investor's account has been completed.

Shipping

GoldBroker.com will initiate the shipment of the purchased gold and silver directly to the secure storage facility in Zurich, Toronto, New York or Singapore. Investors can request to have their gold and silver shipped to their home from there. A quotation for the applicable shipment rate has to be requested in that case.