GSI Exchange Review

GSI Exchange Review

Lear Capital Review

Scott R. Hillford

Author & Founder Gold Is Money 2

Disclaimer: Some or all of the companies reported here may provide compensation to us, at no cost to our readers. This is how we keep our reporting free for readers. Compensation and detailed analysis are what determines how companies appear on this website.

Investing in gold and silver can provide you with a powerful way to preserve capital without giving up an opportunity for your portfolio to appreciate in value. Typically, gold and silver tend to retain their value during times of political or economic uncertainty.

As they also act as a hedge against inflation, your portfolio will at least retain its purchasing power even if it doesn't necessarily appreciate in terms of real dollars. GSI Exchange is one of many companies that allows you to hold gold or silver in a personal collection or as part of a gold or silver IRA.

Prior reading further, it is important to acknowledge that investing your savings is a not easy. When it comes to incorporating precious metals into your investment portfolio, how can you tell which companies are reliable?

After devoting extensive time and effort, we have conducted thorough research within the precious metals industry and compiled a selection of the most trustworthy companies.

Take a moment to read our list and determine if GSI Exchange has what it takes to make the list this year!

This lets you to quickly compare the leading companies in this field and select the one that aligns with your specific requirements and investment objectives.


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About GSI Exchange

GSI Exchange was formed in 2014 by a group of individuals who have decades of combined experience in the precious metals trade.

The founders of this company are all certified dealers, which means that you can feel good about the opinions that you'll receive from those associated with this business.

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GSI Exchange Review - Website

In addition to having the ability to create your own gold or silver IRA, the company allows you to convert an existing gold or silver IRA into a personal account. This provides you with the ultimate flexibility to manage your money as your needs and goals change.

About the Founders

Anthony Allen Anderson is the managing partner of GSI Exchange, and according to the company's website, he oversees transactions averaging more than $1 million each.

He is also a member of the National Ethics Association (NEA).

Karl Lacey is the senior partner and has been with the company since 2019. He is widely regarded as one of the top experts as it relates to precious metals and how they are bought and sold.

GSI Exchange Review - Founders

You can learn more about the rest of the executive team by visiting the company's website. Each member of the management team has undergone a thorough background check to ensure that there are no conflicts of interest or other issues that might result in a poor experience for customers.

Pricing and Fees

The company's website is fairly vague about its pricing and fee structure, but you will be made aware of any fees that apply before you buy, sell, or transfer gold or silver from one location to another.

For instance, there is a good chance that you will pay a commission each time you buy or sell goods. Furthermore, you will likely pay shipping, insurance, and storage fees on each item that you purchase from GSI.

If you choose to open a gold or silver IRA through this company, you will likely pay fees to do so. Furthermore, you may also pay an account maintenance fee that is billed either monthly or annually.

The company's website does mention that there is an 18% fee on any balance that is not paid within 48 hours of placing an order.

You should feel free to contact the company's customer service team to learn more about its fee structure. The customer service team can also answer questions about your account status as well as the status of any orders that are still pending.

Available Products

GSI Exchange primarily offers products minted in the United States, Canada, and the United Kingdom (UK). Top sellers include the American Eagle, American Buffalo, and Canadian Maple Leaf coins. Other popular coins that the company offers for sale include the Australian Kangaroo and the Australian Lunar line of products that are typically suitable for inclusion in a gold IRA.

You can also purchase French and Swiss Franc coins, which may also be suitable for inclusion in a gold IRA. As a general rule, any coin that is minted by a country that is considered to have a mature economy can be held in your retirement account. Technically speaking, the gold must be at least 99.5% pure to be held in a retirement account.

GSI Exchange Review - Products

It must also meet circulation, handling, and other requirements that you can learn more about by talking to a GSI representative. In addition to gold coins, GSI Exchange also sells gold and silver bullion. Bullion is a broad term that refers to gold or silver that is valued by weight as opposed to having any type of intrinsic value.

In addition to gold and silver, GSI exchange does offer platinum and palladium for sale. It is worth mentioning that palladium tends to be a niche product that experiences extreme volatility because it is so rarely bought and sold.

Platinum may also be less liquid than gold or silver, which is something that you'll want to think about before adding it to your portfolio. You can see a full list of all products that are available for purchase by perusing the gold and silver for sale pages on GSI Exchange's website.

Product listings will typically tell you if a given item is eligible for inclusion in an IRA, what year it was made, and other important information that will allow you to purchase with confidence.

Available Services

GSI Exchange offers several services to its clients to ensure that everyone has what they need to maximize the value of their portfolios. If you are new to buying gold, silver, or other precious metals, you are encouraged to visit the site's learning center.

It offers a wealth of information about gold and silver, investing in general, and how gold and silver may be a good fit for your portfolio. You can also learn more about how to create an account, how to place an order, and other technical information. 

Of course, if you need more help, you can feel free to get in touch with a customer service representative by phone, email, or through various social media platforms. To further aid in your investing success, there are real-time precious metals price charts available for use. 

Having access to real-time charts helps you to better understand whether you are paying a fair price for bullion, coins, or any other items that you'd like to acquire.

It also makes it easier to determine if you are getting a fair price if you want to sell your holdings to another buyer.

It's worth noting that GSI Exchange does have a buyback policy if you do decide that you don't want or need something that you've already purchased. As part of the buyback policy, it may be possible to liquidate your holdings without paying liquidation or other transaction fees.

Custodian Options

While you will store your gold or silver through GSI Exchange, the company will generally not serve as your custodian. However, GSI Exchange can help you with the process of choosing a custodian as well as funding your account and making your first purchase.

IRA custodians are typically financial institutions such as banks or credit unions that meet IRS and other requirements. Your account custodian is responsible for providing account statements, filing reports with the government, and other tasks related to maintaining your account.

It generally takes about 20 minutes to create your gold or silver IRA with the help of a GSI Exchange customer service representative. Of course, you have the option to create a retirement account on your own or with the help of your custodian.

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It's important to remember that neither your custodian nor GSI Exchange will provide any type of tax or investment advice. Any information that is provided on the company's website should not be construed as advice and is simply there to serve as a guide.

If you have any tax or investment questions, you are encouraged to speak with your financial adviser.

Is GSI Exchange a Scam?

Although GSI Exchange may not be the best-known company in the United States, it doesn't mean that the company operates merely to steal your money. The company does have a frequently asked questions (FAQs) section on its website that goes into detail about the process of creating an account with the site as well as creating a gold or silver IRA.

This section details the type of information that will be collected, why it is being collected, and how it will be used.

You can talk to a customer service representative to learn more about the company's privacy policy and what to do if you are concerned about your personal information being shared with outside parties.

GSI Exchange Review - Trustpilot

You can also learn more about how orders are processed and shipped so that you know where your precious metals holdings are at all times. Finally, you can speak to a representative to learn more about how to take possession of gold or silver held outside of an IRA.

In addition to speaking with the company itself, you can talk to a consumer rights advocate in the state of Florida to obtain more information about the company. Speaking to an advocate may also provide you with more insight into any complaints that the company has dealt with in the past.

Our Rating

Pros of GSI Exchange 

One of the pros of working with GSI Exchange is that the company offers a wealth of information to its clients to provide maximum transparency. You will always know exactly how much your gold or silver is worth as well as how to buy or sell it. Furthermore, you will have access to a wealth of information about the precious metals markets.

The company has an in-depth blog that provides clients with market recaps, insight into market trends, and other data that can be used to anticipate where the market is going next. Although you can never time the market, having the right information may help you develop an investment strategy that meets your needs now and in the future.

Another good reason to work with GSI Exchange is that you'll have help opening your gold or silver IRA. You'll also have access to assistance liquidating or transferring an existing account. Ultimately, you can feel good knowing that someone is going to be by your side during what may seem like a complicated process.

Cons of GSI Exchange

A potential downfall of working with GSI Exchange is that there is a $1,500 minimum for all orders. Therefore, this may not be an ideal company to work with if you are only looking to make small purchases or have a small account that you're looking to grow over time.

Although GSI Exchange is upfront about its fee structure, you'll likely have to talk to an actual person to learn more about them. This may be a drawback if you're someone who prefers to do your own research as opposed to listening to a sales pitch.


Final Verdict

Finally, as GSI is a relatively new company, they lack the track record of entities that have been in business for dozens of years or more. Ultimately, it may be harder to trust a business that could easily be an upstart that is doing well today but might not be around in a few months.

Investing in gold and silver may be an effective way to diversify your portfolio and save for retirement at the same time. Regardless of what your needs may be, a company such as GSI Exchange may be able to help you reach them.

Whether you want to buy gold coins, silver bullion, or other precious metals, you'll have access to the information and the professionals needed to make smart decisions about your money.

Let our expertise and analysis help you before you invest your savings by reading our list of the best companies!

Or click the button below to visit GSI Exchange

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