Who is Blanchard & Company?
Blanchard and Company has been in business for over 30 years and claims that over 450,000 people around the country have consulted with them about buying gold and precious metals. The company’s founder, James U. Blanchard III, was a pioneer in the gold legalization movement in the early 1970s. Through his efforts and industry leadership, Americans’ fundamental right to own and invest in the world’s oldest and most accepted currency was restored.
At Blanchard and Company, clients not only enjoy the convenience of buying gold online, but also benefit from the knowledge of over 85 highly-experienced professionals. Many of Blanchard and Company’s professionals have over twenty years in the gold and precious metals industry.
What I Learned From Blanchard & Company?
The agent at Blanchard and Company made a good impression. He was very knowledgeable, friendly, and a true believer in his company. However, the agent promoted being prepared for the worst economic scenario in the near future and advocated for the strategy of using precious metals for wealth preservation.
When speaking to him, he highly recommended buying small gold and silver coins, to store in a home safe to hedge against inflation and as insurance for geopolitical and currency market instability. Their recommendation was for each family to have 100 to 200 ounces of gold or silver coin stashed for survival purposes, in case of an economic collapse.
The agent shared personal experiences with Hurricane Katrina, and relayed stories about his family’s evacuation to Tennessee while the storm raged. His small gold and American Silver Eagle coin stash traveled with them, and while it was not necessary to use them, they gave the family a sense of security in case of a financial collapse.
He emphasized the company’s buy-back policy, which is $7 per ounce above the spot price and praised their depository, Gold Star, and HSVC Bank of NY, calling their IRA a “segregated” personal IRA. With this arrangement, it is possible to keep investments separate from traditional IRA contributions.
The agent’s recommended strategy for buying gold coin is to avoid new, untouched coins (state 70 condition) as they cost about $205 per ounce above spot price and the added value is not worth the cost. He also advised against buying gold in the form of bars, due to the large value of a single bar; this advice appears to pertain only to those who choose to store their own gold.
Blanchard and Company is one of the few companies recommended by the US Mint as a reputable supplier of gold coin, silver coin, and gold bars.
Blanchard & Company – Gold IRA Fees
| Initial Setup Fees | $25 |
| Annual Admin Fees | $60 – $250 (Scaled Rate) |
| Annual Storage Fees | $100 (Scaled Rate) |
| Minimum Purchase Amount | $10,000 |
| Preferred Depository | HSVC Bank NYC |
Rankings, Complaints & Customer Reviews
Better Business Bureau
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The company was given an A+ rating by the Better Business Bureau. It has been an accredited business by the BBB since September 13, 1982. Based on the BBB site, there were 3 complaints filed during the last 3 years of the company’s operation, and none of these were closed in the last 12 months.
Business Consumer Alliance
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BBB |
Blanchard and Company has a rating of BBB from the Business Consumer Alliance. Surprisingly, there were zero complaints filed against the company for the last 3 years of its business operation.
http://www.checkbca.org/report/blanchard-and-company-inc-13146711
TrustLink
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 Based on 1 review |
According to the TrustLink, Blanchard and Company, Inc. has a 1-star rating based on 1 review given by a client. The complaint was posted on July 18, 2014, and a disappointed investor was unhappy with the company’s service and excessive fees.
https://www.trustlink.org/Reviews/Blanchard-and-Company-Inc-205814040
Ripoff Report
The Ripoff Report site has 2 complaints posted on Blanchard’s services. The first one was posted on September 7, 2012 and the other one was dated July 14, 2014. There were issues on the great difference in collection values between asks and bids, and another client complained that the company failed to protect his wealth throughout the time spent investing with Blanchard.
http://www.ripoffreport.com/reports/specific_search/Blanchard+and+Company%2C+Inc.
Conclusion – Final Thoughts
Blanchard and Company is noted for some positive features such as the buy-back over spot program. However, there were complaints about long processing time and absence of an in-house IRA department.
Overall, Blanchard appears to have a solid history and reputation when it comes to investors looking to buy individual coins. Unfortunately, the process involved in adding gold to retirement accounts is not the main priority of the company in its coin sales.
This is an issue for me since I want a more organized and less complicated process when it comes to diversifying my portfolio.
| Pro’s | Con’s |
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| Bottom Line: Blanchard has a trusted history for those wishing to purchase individual coins. However, their process for adding gold to retirement accounts seems secondary to their coin sales. | |
Which Company Do I Recommend?
Official Website – Client Testimonials – Recommended Packages
Give them a call: 1-844-913-7373
After looking at both the positive and negative features of Blanchard, it is worth considering an investment company that specializes in gold IRA’s that offers numerous benefits to its clients.
Regal Assets has been in the industry for a number of years, and its reputation from various investors is quite solid and impressive. With outstanding customer service, reasonable fees, prompt shipping and processing, the company is indeed worth your time and money.
If you want to learn more about Regal Assets, check out this complete review here.
Investing in gold is a serious task that requires a professional level of support and service provided by a trustworthy company. If you’re looking for an investment company that you can rely on for wealth protection and management find out more by visiting Regal Assets or Call 1-844-913-7373.
I've been a financial engineer for over 30 years and have been investing in gold since 2008.