Blanchard Gold Reviews – Reputable? See the Complaints 2019

blanchard and company gold reviews

Updated Dec. 24, 2018 – Is Blanchard Gold a legitimate company? Whenever starting to research any company, that is a question that may come to mind. Today we’ll try to quell any concerns by taking a look at some of the Blanchard Gold reviews that stand out in 2019.

Blanchard and Company Gold Reviews

There seems to have been some confusion regarding to company name so just to clarify, they now go by just Blanchard. They are a reputable business and like so many others in this industry they do have complaints on review sites. We’ve done the research so that you don’t have to waste time sifting through all the reviews.

 


IMPORTANT: If you are new to investing in precious metals please start by reading this important info regarding fees and what to look out for in a bullion dealer.

bullion dealer of the year*Please do thorough research before choosing a company to go with. We have come across many horror stories about clients getting ripped off and losing thousands of dollars by just going with a company with multiple complaints and bad reviews, some that have even committed fraud.

 

We recommend consulting the #1 “Bullion Dealer of the Year” and top rated gold IRA company: RegalAssets (official website) 

Is Blanchard Gold Reputable


Blanchard and Company offer gold bullion, gold coins and online services to rollover 401(k) funds into gold or silver. They also sell palladium and platinum bullion as another avenue to invest in precious metals. They further specialize in rare coins.

 

According to the Better Business Bureau, Blanchard and Company was started in New Orleans in 1975 as an investment advisory service. They have been an accredited business since 1982 and are a reputable business. Let’s take a quick look and see if this company should be considered.

 

Blanchard Gold Ratings


They have been in business for 45 years. Now that is quite a while and an accomplishment in and of itself. They’ve managed to hold an A+ rating from the Better Business Bureau (BBB).

  • Only 2 positive reviews – one from 2016 and another from 2017
  • 1 negative review from 2016

Positive Reviews

The two clients that gave them good reviews basically are saying that they’ve done business with Blanchard for many years. Their customer service response and delivery time has been quick and they’d recommend them to anyone.

 

** There is one thing that stands out as odd and leaves us questioning why there are not any more reviews. Only having 1 negative review while being in business for decades strikes us as unrealistic. It’s as if their company profile has been cleaned up.

Blanchard Gold Complaints


Back in 2013 when we first reviewed the company, they had 13 complaints in the last 3 years, 3 of which had been closed in the last 12 months at the BBB. Complaints arose from topics ranging from billing/collection issues, delivery issues, guarantee issues and problems with the actual products received. These have been since removed from the site.

 

Negative Review

A client is claiming that Blanchard has tried to sell them coins at twice their value. The company responds by denying such accusations stating that they have never sold any product at a 100% markup or even a 50% markup, for that matter.

 

Despite the complaints, it’s good to see the company addressing complaints quickly. It shows they are active in resolving disputes and care about retaining clients and their reputation.


TrustLink logoThey do not have a company profile with TrustLink. No reviews positive or otherwise. It seems as though no clients have offered their full experiences just yet. You can also check out the other consumer sites such as Ripoff Report.


ripoff report logo

There were two complaints found on Ripoff Report.

  • Blanchard charged a premium over spot. Changing prices and not calling back to confirm your order to get approval to lock in prices.

  • Misrepresentation of value and growth potential of rare coins

See the synopsis of the two complaints below:

Blanchard gold ripoff report complaints

Blanchard Gold Policies


One of their policies offer a 10-day customer satisfaction policy after you have received your numismatic coins for instance. There is a buy-back program in place if you ever need to liquidate your precious metals at any time.

 

No known significant government actions have been taken against Blanchard & Company, Inc.  Thus far they have responded to all complaints that have been filed against them. So it seems as though they do listen to their customers and put forth effort to help resolve matters. This is a good thing.

 

Here’s a quick video highlighting the company:

 

What to Watch Out For


On occasion it does happen where clients of companies may feel they were taken advantage of because they had no prior experience with gold purchases. For example, they believed such a competitive market would breed similar pricing on coins and are surprised later to find that they’ve paid a premium over the current spot price. When researching other companies you may come across reviews like this, but keep in mind these are rare instances.

 

If the sales associates are looking out for your best interest, you should never feel pressured into buying a certain kind of coin or product.You should also be able to sell your metals back at fair market value at any time.

 

As a customer, after you send in your check, the company should not stall and take weeks or months to place and fulfill your order. These are red flags. Companies should be timely when you purchase your metals as the markets are always changing. You want to secure the best price on the day you decide to buy, knowing the price could increase the next day.

 

In Summary


Yes, there are positive reviews out there by people that say Blanchard and Company is one of the best in the business and have had nothing but positive experiences with honest associates giving them good investment advice. This shows that they should not be distrusted and that by helping many people they do deserve to be considered for future transactions.

 

If you come across disheartening stories of others’ complaints don’t ignore them completely. Most companies don’t advertise to be the cheapest, but there should be a reasonable limit of premium being added on to prices. Do your research and have an idea what the average prices are before calling, that way you can gauge for yourself if a particular company is charging too much.

 

Which Company Are We Recommending?


A company that is well known for fair pricing and not over-charging is also currently our highest rated precious metals dealer and was chosen “Bullion Dealer of the Year 2018″…see the following review: Regal Assets company review

new gold ira rollover kit

If you have any information to add with regards to Blanchard Gold reviews or on Blanchard and Company complaints in general that you’d like to share or have had a first hand positive experience please share it with the rest of us here. It will help a lot of folks out when deciding which company to go with. Thanks in advance for contributing.

8 comments on “Blanchard Gold Reviews – Reputable? See the Complaints 2019

  1. It is refreshing to see a review that gives at least a glimmer of goodness about an investment site.

    There are so many that are suspicious.

    The fact that Blanchard has been around for such a long time indicates some level of integrity and success.

    However all investments carry risk and no one should ever invest any amount into any project that they cannot afford to lose.

    Also I was always advised never to borrow money to invest. Neither use retirement funds, kids school funds or anything like that.

    Most investors assume they will make money, but it can be good to ask what would happen if the investment goes down? Can you ride it out?

    On another note a complaint does not indicate guilt, but rather a problem that could be solved.

    Also the Better Business Bureau have also been investigated for some of it’s business models.  It seems they have some very strange business behavior worth checking.

    Nice review though

    Tim

  2. Thanks for the review of Blanchard, it has brought to the fore more knowledge about what they are and what they are not but I  think one needs to be careful when buying precious metals and coins as stated by one of your commenters that he was sweet talked into buying some coins believed to be better than gold in value, only to heavily depreciate after ten years.

    What then is the essence of investment? When your hopes are dashed when you supposed to reap the benefits of your long time investment. 

    I also think the government agencies responsible for their monitoring should always keep a tab on all IRA operators. 

  3. It seems wrong, they said it would take 3 weeks to get my coins and also 3 weeks to get a money bank transfer for the sale of 2 other coins.They want me to fax a copy of a blank check, after i gave them all the info they ask for a bank direct transfer.

  4. i am not an expert in coins… i am of the opinion that one should only buy gold or silver for it gold or silver content…not for any numismatic value…leave that for those who have knowledge in that field… it would have been good if douglas had done his homework before buying “rare coins”… it would have been good if the seller had told douglas that “rare coins” have a value due to their content of gold or silver and a “value” due to any numismatic value. one should do some research before buying an item they are not familiar with

  5. To John w. Buy gold now at spot. And silver.buy coins because you like nuimasmatics . I know bad spelling.hold until gold at 3000 or more.wait for 20 years and will be more. Why.starts with eu and there countries dept.gold will be only thing left and gov will reset value of gold.i am the first of the world record.have a nice day. Hillard.

  6. These guys are really a bunch of professional scammers, watch out! I got talked into buying rare coins that we’re going to go up in value faster than gold Eagles. I trusted them on their recommendation. Well guess what, they pulled a bait and switch on me and 10 years later my rare coins have lost 60% of their purchase price. Nice guys, they do not have any morals and are not looking out to help you invest. Pass this on to anyone who is thinking about doing business with them!

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