Gold Avenue Review 2023: A scam or legit precious metal reseller?
 | By: Jeremy Biberdorf | Mar 14, 2023 |
In a nutshell: Gold Avenue is the online retailer of MKS PAMP Group, an international trading business that specializes in the trading of precious metals.
Gold Avenue’s service centers around the sale & storage of various precious metals products including gold products, silver products, platinum products, and palladium products.
Whether you’ve been intrigued by their secure vaults, excellent customer service, or their vast array of premium bullion products, you’ll be able to find all the reasons you should consider using this online platform—-as well as the reasons you may not—in the Gold Avenue review below!
| Service Type | Fees | Promotion |
|---|---|---|
| Precious metals dealer | Shipping (varies) Shipping insurance (0.5%) Storage up to $10k (free) Storage up to $100k ($8/month) Storage over $100k | Free 7-day trial (0.5%/year) |
Gold Avenue is best for…
Precious metal investors—specifically, retail investors—who want to be able to access competitive pricing and storage solutions from the same company.
Although Gold Avenue lacks the wide range you might find from an alternative precious metals dealer, you can always expect to get a fair price while shopping. The company will even buy back your gold at the spot price (market price) without charging you any fees or commissions.
As the retailer of a genuine company that’s well-known in the industry, Gold Avenue is also a good option for those who are eager to get into the precious metal investing world (but don’t know who to trust).
- Streamlined purchasing process
- Offers storage facilities
- Reputable company
- Buyback program
- Purchases are off the balance sheet
- Doesn’t offer a Gold IRA service
- Limited options for payment methods
- Only sells four precious metals
Table of Contents
What is Gold Avenue?
Gold Avenue is an online platform that allows investors to buy, sell, and store gold from a single website. Headed by one of the most well-known companies in the precious metals industry, Gold Avenue’s services are—-as one might expect—more than up to industry standards.
Unlike other dealers (who may also sell less valuable metals such as copper), Gold Avenue only sells the most popular and potentially profitable precious metals to its customers.
Interestingly, the company doesn’t offer any IRA or similar retirement services.
Learn More About Gold Avenue
External Gold Avenue Review & Ratings
| Site | Rating | |
| Find Bullion Prices | 5 | |
| Trustpilot | 4.7 from 1,652 reviews | |
| 4.7 |
Products
Gold Avenue’s precious metals options are easy to take advantage of. Whereas some competitors require you to call to place an order, Gold Avenue offers customers a more traditional online shopping experience.
Select the products you’d like, add them to your cart, then check out to finalize your order! Orders can be shipped to your home or directly into storage.
Gold
You’ll have a few different options to choose from when shopping for physical gold on Gold Avenue. Coins are the cheapest option, with prices starting in the hundreds. Minted bars are a mid-priced option, with prices starting in the hundreds (but extending into the thousands).
Cast bars—being the largest—are the most expensive option, with prices in the thousands and tens of thousands.
Silver
Gold Avenue offers similar products in silver, with cast bars, minted bars, and coins all being potential purchases.
Platinum
Platinum offers are slightly more limited, with cast bars and minted bars being the only products available for purchase.
Palladium
Palladium has the most limited offerings, with minted bars being the only form of palladium you can purchase on the platform. This is disappointing, as having the option to purchase palladium coins and other products would prevent you from having to use multiple platforms to amass a variety selection of palladium.
Storage Solutions
One of the best parts of Gold Avenue is how easy it is to utilize its precious metal storage solutions. Storage fees for accounts valued at under $10 are waived, and storing up to $100k worth of metals in the storage vaults only costs a mere $8/month!
For higher-value accounts, you’ll be responsible for paying 0.5% of the value of your account per year for this storage solution. However, the company assigns a dedicated account manager for accounts valued at over $100k, which could help your finances.
Additionally, the company also offers storage certificates for any assets you choose to store with them, which act as proof of ownership. These certificates are generally available in digital form within 24 hours from the time of purchase.
Payment Options
Currently, Gold Avenue allows payments for orders to be made via wire transfer, Visa credit card, MasterCard credit card, Gold Avenue Pay, and DGLD.
Is Gold Avenue Right for You?
Gold Avenue won’t be a good option for investors who are seeking to purchase precious metals in less common forms. Gold jewelry, palladium coins, and other products often offered on alternative sites can’t be purchased from Gold Avenue, which could dissuade some potential customers.
That said, Gold Avenue is an excellent option for investors who are just getting started with precious metals. It offers a fair selection of products, but not so many that the complete beginner would be overwhelmed with options. It also allows you to set up the storage of products in segregated vaulting right from your order, streamlining the entire purchasing process.
If you’re ready to start diversifying your portfolio with easy-to-liquidate precious metals investments, you can begin your journey on Gold Avenue by clicking here!
Related Precious Metals Reviews:
https://www.goldavenue.com/
https://www.goldavenue.com/en/buy/gold?product_categories%5B%5D=gold
https://www.goldavenue.com/en/buy/silver?product_categories%5B%5D=silver
https://www.goldavenue.com/en/buy/platinum?product_categories%5B%5D=platinum
https://www.goldavenue.com/en/pricing
https://www.goldavenue.com/en/about-us
https://www.modestmoney.com/is-gold-avenue-legit/
https://www.modestmoney.com/is-gold-avenue-a-scam/
