Blanchard & Company, Inc Review
Investing in precious metals like gold and silver and their related products is a great way to diversify your portfolio and even save up for retirement. For people seeking to invest in gold or sell their gold, doing thorough research and checking through reviews is an integral part of the process.
The apparent dangers are being scammed your money or gold. There is also the danger of being wrongly advised, which gives the company profits at your expense. Some companies charge exorbitant fees, reducing your profit margins or in some cases, you may have to deal with poor customer support or services.
Another good reason to do prior research is to establish which company has a range of products you need. This review looks at one of the companies that are involved in the trading of precious metals; Blanchard and Company, Inc.
About Blanchard & Company, Inc
The company was founded in 1975 by James Blanchard and his associates and for over four decades has remained family-owned. This company (also known as Blanchard Gold) claims to have served over 450,000 clients in the buying and selling of gold and other precious metals. James Blanchard is a well-known name in the gold trade industry because he was one of the pioneers and leaders of the gold legalization movement in the US in the 1970s.
The current Chairman of the company is Donald W. Doyle, Jr. All its senior leaders have been with the company for more than a decade. The company is based in New Orleans, and its physical address is 909 Poydras St. Suite 1900, New Orleans, LA 70112, USA.
The Blanchard Website
The company has an online platform through its website at www.Blanchardgold.com. The site uses a simple design that helps with the navigation even for the first time use. Most of the information is broken down in chunks making it easy to read without being lost. At the same time, there is enough depth in the site’s content for it to be of help to even seasoned traders. The search toolbar makes browsing for specific items easier.
The pages load up fast, and the company uses SSL technology to encrypt any information users may leave online. These measures are vital to secure your privacy and safety. The website also features several accreditation badges from various organizations. They include the ICTA, which is the industry’s watchdog, Better Business Bureau (BBB) and the American Numismatic Association, among others.
Education resources Offered by Blanchard Gold
Like most elite companies trading in precious metals, Blanchard and Company do have several educational and informative resources for its clients. While some of the information may have a slant towards the American market, especially the numismatics section, the rest of it applies to any part of the world. The news section provides the latest analysis and updates in the industry, which helps you keep an eye on the latest developments and how they may influence your investment.
The spot prices charts enable you to know the price of the primary metals at the current time. There are also guides on how to invest, diversify, and use gold and related items as a retirement plan. The simple language used and the accuracy of the information makes these resources useful to traders of all experiences.
Products and services provided by Blanchard Gold
The primary business of Blanchard and Company is the buying and selling of gold and silver bullions and bars. The company also offers storage facilities to its clients. Besides gold and silver bars and coins, the company also deals in other precious metals like platinum and palladium.
The company also offers the services that help clients convert 401(k) funds into IRAs which the clients can then use to fund their investment in precious metals. Another service to IRA account holders is that the company can buy on their behalf gold products.
Other services and products offered by the company include the buyback guarantee where the company will buy any item it sold to customers at current prices. There is also the unique provision where Blanchard can buy any gold possession from the account holder, which is a feature not offered by many precious metals IRA firms.
To purchase items on the website, you log in and place your order and an account manager will get back to you and guide you through the whole process. The company does not take credit cards, so payment is done through a bank transfer or check. Items are shipped through US mail and covered by insurance, and the recipient has to be there to sign the delivery note. In case you are absent, the shipment will be returned to the post office, and you can pick it later.
Blanchard Gold Ratings on Consumer Review Sites
An excellent way to know about the company’s reputation in the industry is looking at the various customer reviews on legitimate platforms on the internet. The major platforms for customer reviews, especially in the precious metals industry are BBB, BCA, TrustLink and Trustpilot.
Under BBB, the company has an A+ rating and four stars out of five average customer review. There are only four reviews, two which give a five-star rating praising the service and honesty. The other two are negative. One of them was responded to, and the other a two-star rating complaining about delayed payments and poor service.
On the Business Consumer Alliance platform, the company has an above-average but not spectacular rating of BBB. It has had no reviews, whether positive or negative, for the last three years.
There are both positives and negatives about these reviews. For a company that has been in the business for over four decades, a total of 6 negative reviews is hardly something to put off clients. However, the absence of positive reviews of even the same amount as the negative ones looks a bit odd.
The long years in the industry along with accreditation of the company means Blanchard and Company Inc. is a legitimate business in the gold trade industry. It operates on a large scale, placing it among the elite companies in the market. Still, it should not be your first choice should you not be inspired by its reviews and you can check out other competitors.
- Wide range of products and services
- Has a buyback guarantee
- Insurance on shipment
- Long experience in the business
- Provides good educational resources
- Lacks website support for immediate concerns
- Has more negative reviews with serious allegations online
- Uses scaled fees structure that is dependent on your investment
- Address: 909 Poydras Street, Suite 1900, New Orleans, Lousiana 70112, USA
- Phone: 800-880-4653
- Website: www.blanchardgold.com
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This review was updated on Sunday, January 1, 2020
- Rated 3 stars
- BLANCHARD & COMPANY, INC.
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