With over 40 years of history, Kitco stands tall as a **global leader** in precious metals and media. Dive into this **Kitco review** to discover what makes this company truly remarkable.
This review will look into most of the facilities related to precious metals. Doing so will help you determine whether it is the right company for you. The guide will mention other company services but not to as much extent.
Kitco has presented itself as one of the world’s largest online retailers. The firm has earned its esteemed reputation on the international stage. Many of its customers characterize it by its integrity and unwavering accuracy.
If by this point you are still not convinced, keep reading this guide till the end. You will come to learn about all the facilities and services that the company offers. Additionally, you will see whether it is a trustworthy firm based on your thoughts.
Table of Contents
Everything You Need To Know About Kitco
This company has been pioneering its path when it comes to precious metals. It serves as one of, if not the ultimate global authority in the industry. They have reached this point by offering a vast array of bullion products. Meanwhile, it has also set the gold standard for commodities information.
It is also renowned for delivering news and insights. The firm has become a leading voice in the industry. The business aims to empower investors and enthusiasts alike with unparalleled expertise.
Every day, their website hosts millions seeking real-time market updates. This is along with various news and a spectrum of precious metals services. The company holds the distinction of being the first to introduce investors to this. Doing so has established itself as the go-to destination in the industry.
Hence, the company has established a global network reaching over 80 countries. This enables them to extend their precious metals products to a vast clientele. Their reach is boundless and connects individuals with the knowledge they seek.
Kitco’s Services & Divisions
Regarding their services, you will find that Kitco only has three branches to deal in. These are:
- Precious Metals
- Media
- Refining
This guide section will take a deep dive into their precious metal services. It will also keep you in the loop about their other divisions. These sections will be more to the point and brief.
Services Related To Precious Metals
This Montreal-based establishment has been able to uphold a solid reputation. The firm established itself as a trusted bullion dealer in 1977. Since then, it has only expanded its operations. Over the years, they have catered to a diverse clientele.
The company also has a ton of collectibles and gifts that capture the imagination. What’s more, they curate an exclusive range of giftable items.
Here, variety is the name of the game. Kitco boasts an extensive collection of bullion bars and coins. Various esteemed mints have created these products. When you visit this firm, you will find many options.
These options include a lot of different coins and bars, but you will find them in the following base metals:
- Gold
- Silver
- Platinum
- Palladium
- Rhodium
Here are a few of their products that you can buy on their online store:
Gold
- 2022 1 oz Gold Maple Coin – New, Brilliant Uncirculated (BU)
- 2022 1 oz Gold Maple Coin (Single sourced mine)
- 1979 – 1982 1 oz Gold Canadian Maple Leaf Coin .999 Purity
- 2023 1/4 oz Gold Canadian Maple Leaf Coin .9999 (Brilliant Uncirculated)
- 2023 Gold Canadian Maple Coins Bundle (BU)
Silver
- 2023 1 oz Silver Maple Leaf Monster Box (500 pc) – MintFirst
- 2023 1 oz Silver Maple Leaf Tube (25 coins) – MintFirst
- Silver Eagle Monster Box (500 pcs 1 oz coins) – Random Year
- 1 oz Silver Buffalo Round .9999 (Brilliant Uncirculated)
- 1 oz Silver Austrian Philharmonic Coin
Platinum
- 2023 1 oz Platinum Maple Leaf Tube (10 coins) – MintFirst
- 2023 1 oz Platinum Maple Leaf (Single Coin) – MintFirst
- 1 oz Platinum American Eagle Coin
- 1 oz Platinum Valcambi Suisse Bar
- 1 oz Platinum Canadian Maple Leaf Coin
Palladium
- 1 oz Palladium Bar 0.9995
- 1 oz Palladium Bar – Argor Heraeus
- 1 kg Palladium Good Delivery List Bar
- 1 oz Palladium Canadian Maple Leaf Coin
Rhodium
- 1 oz Rhodium Baird & Co. Bar
At the time of writing this, some products may be out of stock. The company is also known for its exclusive orders and bundles, which you can browse on its website.
For rhodium-based products, they only have one available on their website. For rhodium-based products over 20 oz, you will need to call them.
Dedicated to serving businesses, their original division excels in helping customers maximize their value. Recycled precious metals use this the most.
Kitco’s refining and scrap team offers competitive pricing and top-tier services. You can be an antique dealer or a pawnshop and be able to reap the most from your precious metal assets.
Storage Facilities & Services
This firm understands that some prefer to have their investments in hand. Kitco provides the convenience of secure home delivery. This helps ensure your precious metals reach your doorstep with the utmost care.
They have also shown great understanding regarding secure storage. This is obvious as they are partners with top-tier vaults. All this enables you to safeguard your assets. It is also done to ensure they remain segregated and remain under your ownership.
These storage options are available in all their facilities. This includes their main points of operation:
- Canada
- The United States
- Hong Kong
Additionally, you can opt to store your precious metals in retirement savings. The company allows this by fostering valuable relationships with RRSP and IRA companies. Doing so enables customers to integrate precious metals into their retirement accounts.
VaultChain – A Digital Solution
The firm shows its commitment to innovation through its platform, VaultChain. This cutting-edge technology empowers you to buy and sell precious metals.
Meanwhile, the entire transaction unfolds on a blockchain-distributed ledger. This is an attempt to ensure data accuracy as well as real-time tracking. VaultChain combines modern technology with traditional trading to enhance your precious metals portfolio.
Kitco Account Setup Procedure
The people at Kitco invite you to embark on a journey of knowledge and insight. You can get started by making an account on their website! This will be integral if you want to buy or sell products with this business. Additionally, it may also be beneficial to make an account on their main site.
Their main site offers exclusive newsletters and market alerts. You can also get expert analysis and hand-picked content right in your inbox. The best part is that the entire procedure is very straightforward and free! All you have to do is fill out a basic form and provide them an email.
Here are all the reasons you may want to make an account on this website:
- Buying & Selling – This is the service you want to use the most. If you want to be able to buy or sell precious metals, an account is 100% necessary.
- IRAs & Storage – If you want to get started on these fronts, an account is also needed. You can also get started by calling a representative of the firm. He/She will guide you through the rest of the process.
- Email Offers – This can help a lot if you are looking for offers daily. Here, your email received all this promotional material. This can keep you up to date on all the offers the company sets up.
- Exclusive Sales – Promotions and new products are now an email away! You will never be able to miss out on sales. This ensures you end up with the best deals in the market.
- A Weekly Market Report – Stay informed about the precious metal markets. If you want to stay in the loop about things affecting the market, you need these reports! They carry out a weekly rundown and send it immediately to your email. This arms you with insights to make informed decisions.
- Daily Recap & Speedy Summaries – For more daily information, the company has you covered. It is crucial to stay ahead when it comes to precious metals. The daily recap delivers speedy summaries of must-read news stories. This will bring you up to speed in minutes!
- Chart Analysis & Trade – In-depth chart analysis and trade setups are always helpful. This offering helps you grasp vital market trends and make informed decisions. It also helps to keep track of an evolving market.
- Real-Time News – Receive 24/7, real-time breaking news and price movements. Enable yourself to make timely decisions through tailor-made alerts.
- Discussion Forums – Engage with fellow investors. Join active discussions on precious metals and investment strategies. Dive into the wealth of insights shared by others in the investment community.
How To Invest With Kitco
Once you have your account set up, the company will help you with the rest. You can get a lot of helpful advice from company representatives. Additionally, they can also help you understand which metals you should invest in.
The whole process should be very simple. You select which products you want to buy and add them to a cart. Then you can buy them either with credit. You can then decide whether to deliver them to your home or to a secured facility.
Storage Fees & Shipping Fees You Need To Know About
The website does not mention any fees front and center. The company has a flat $15 shipping fee. If your order is above $5,000, the shipping fee is no more. Shipping will take 2-5 business days. Insurance will cost you extra depending on the total mean value.
Regarding least installments, they have a least order of $2,000. This is only online and on the phone. You can buy for less if you visit them. VaultChain fees are separate and are available on their website.
Kitco’s Pros & Cons That You Should Be Aware Of
No company is perfect, and each of them has some degree of positives and negatives. In this section, you’ll see how Kitco fairs when it comes to this.
Here, you can decide whether the company is a good fit for you or not:
Pros:
- Huge variety when it comes to precious metals
- Daily news and updates on the industry
- Website full of useful information
- Shipping is always fast and efficient
- Worldwide clients and branches
- Prices listed alongside products
Cons:
- Mixed reviews across many sites
- Prices may be higher when compared to other dealers
- The website is a mess and difficult to navigate
Major Issues With The Company/Website
There are many things that are respectable about the company. They all heighten the company to new grounds. This also leaves the issues obvious in the eyes of the public. You must know that fees and least installments are not displayed at the forefront.
Another issue is that the website has information flooded in it. Filled to the brim with different topics and news alerts, the site is very hard to traverse. It can be very daunting for new investors to get into the website. For those that do manage to get into it, they have to sort through various information.
When it comes to ratings, the company is rather mixed. Trustpilot gives them a 4.7/ 5, and this is from more than six thousand reviews. On the flip side, SiteJabber & the BBB give them around 2 stars.
Frequently Asked Questions
Q1: Is Kitco A Scam?
By no means is this well-established company a scam. The company is BBB accredited. While they do not have the best reviews on the BBB website, they still maintain an A+ rating. This alone makes them very dependable.
Q2: How Can I Get Bullion From Kitco?
To get your hands on bullion from this firm, you will have to use their website. Their online store is always available and taking orders. You can also call their phone number, but this is not always available.
Q3: Can I Trade With VaultChain In Person?
VaultChain is on the blockchain. This means that you need to do the entire operation online. For this, you will need an account to place your order.
Conclusion
In conclusion to this Kitco Review, the company stands as a well-established name. With its four decades of experience, they have gone the distance and won the hearts of many. Their commitment to providing a wide range of services is undeniable.
Kitco’s diverse offerings encompass all sorts of options. This makes it the go-to source for people who want to buy a variety of different metals. If you can get past the issues listed above, you will see that the company has a lot more good to offer to the community.
PORS:
- Given an A+ rating by the BBB
- Reliable and trustworthy representatives
- Bonuses for new clients
- Setting up an account is efficient
- Account support and access via multiple devices
CONS:
- The minimum IRA investment is $25,000