BGASC Review: Pros, Cons, Is It Right For You?

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Last Updated: June 11, 2024

Gold often rises in value during times of economic uncertainty, unlike paper currencies. When you buy gold and silver, you are hedging against inflation and protecting your wealth. Gold's global acceptance makes it an attractive investment during currency crises. Gold can help you maintain control of your financial future with a tax-advantaged retirement fund.

Many precious metals dealers can help you start investing in precious metals as paper currencies decrease. BGASC is one of them.

Are they the best to help you with gold IRAs? This gold dealer seems perfect, but we must dig deeper to see what we uncover in this BGASC review.

At Barcode of Life, we understand the importance of your financial decisions and the trust you have in our information. We conduct in-depth research on every company we review, including their reputation, product offerings, and history. Our goal is to provide you with reliable, comprehensive information so you can make confident choices.

We hold a skeptical view of banks, the monetary system, and politicians, recognizing that these entities often cater more to the wealthy than everyday investors. Therefore, we strongly advocate for individuals to have greater control over their own finances, firmly believing that they should have the power to make decisions about their money, reducing dependence on institutions and politicians.

The #1 ranked gold investment company has agreed to give our readers a FREE gold kit at no cost, until June 23, 2024. If you are even thinking about investing in gold, you need to request this kit.   
 
Check out our best gold IRA companies list for 2024.

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Key Takeaways

What Kind of Company Is BGASC?

BGASC is an online precious metals retailer that has provided services since 2012. The company offers a wide selection of gold and silver coins, bars, and rounds.

Although BGASC is a coin-collecting business, it does not limit its selection to collectible coins or high-value coins. The dealer sells investment products at competitive prices and even offers commemorative coins and statues for collectors. BGASC is headquartered in Calabasas, California.

Who Owns and Manages BGASC?

Unfortunately, BGASC lacks information on its owner and management team. We did find that the first name of the vice president is Victoria.

We also discovered the name of one board member, James McGrew. We will continue digging deeper for this information and update this BGASC review when we learn more.

Customer Satisfaction Rating

How satisfied are customers? Whenever we research a company, we aim to read every customer review we can find, whether good or bad. We check with online consumer review websites and determine whether or not the company is trustworthy and worth our readers' time. We want to hear from each long term repeat customer and from those who only purchased once and were dissatisfied with the limited supply.

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Better Business Bureau

We checked the BBB first and found that BGASC is not a BBB-accredited company. They also have an NR rating, which means no rating.

The Better Business Bureau reports NR ratings can occur because of a lack of information on the company or because it is under review. BGASC reviews on the BBB show problems.

From reviewing BGASC's profile, it looks like the BBB is having trouble gathering information on the company, just as we are. The current star rating is 4.41 out of 5 stars. There have been two complaints in the last three years and one in the previous 12 months.

One customer ordered gold bars as gifts but did not receive them promptly. She wanted a full refund of her purchase price, but BGASC sent her a replacement instead. The matter with this customer was never resolved to her satisfaction, though the company says they tried to refund her money, but she had disputed the charges, and they could move no further.

There is also a strange complaint regarding a customer receiving an empty box with no shipping invoice or gold coins. The customer contacted the company, and BGASC said they have a video proving the box was filled, but the customer says they refuse to share the video. The matter remains unresolved at this time.

We could not view the other complaint. Sometimes, reviewers make private complaints, and the BBB removes them after they are resolved.

Business Consumer Alliance

BGASC does not have a profile page on the Business Consumer Alliance website. We will update this review if BGASC reviews become available on the BCA.

Business Consumer Alliance

American Bullion currently has an AAA rating with the Business Consumer Alliance. The company also has a five-star rating based on eight customer reviews. There have been no customer complaints.

Trustpilot

BGASC has an excellent rating on Trustpilot, with 4.8 stars out of 5 and 7,749 reviews. Around 87% of the reviewers left five stars for the company. Trustpilot does alert visitors that BGASC has not responded to any negative claims for coin related needs.

There are many happy customers on Trustpilot, and the following are some of the common review themes:

We also want to inform our readers of the negative reviews. The following are some of the critical points of these reviews.

As you can see, there are many negative review issues the company needs to address. Unfortunately, as stated by Trustpilot, the BGASC rarely responds to negative customer reviews.

Some customers seem very pleased with the services, while others are unhappy. We know a company cannot please every customer, but we are concerned about the number of issues reported by reviewers.

There have also been lawsuits filed against BGASC. It is worth checking out these lawsuits and the complaints against the company before purchasing gold for your investment portfolios. BGASC does not have a solid reputation like some other gold dealers, which could increase your overall portfolio risk.

pros & Cons

Pros

Cons

Can You Trust BGASC? Is the Company Legit?

BGASC is a legitimate company that has been around for over a decade, but that does not mean they are trustworthy. As we try to weigh the good and the bad reviews, it is challenging to determine if this company is worth your time when buying gold and silver purchases.

What Products and Services Does BGASC Offer?

As stated above, BGASC is an online coin dealer offering competitive pricing. Precious metals investors can purchase a range of precious metals coin offerings, rounds, and bars. You can also buy copper bullets from this online retailer when investing in precious metals.

Unlike some precious metals dealers, BGASC offers precious metals IRAs for its customers. The company partners with custodians and depositories to help its customers invest in gold and other precious metals.

Some of the partners include the Strata Trust Company, New Direction Trust Company, and the Texas Bullion Depository. Each of these makes the entire process of investing in tangible assets easier. These precious metals partners offer a high level of customer satisfaction.

It is important to remember that you cannot invest in most commemorative coins with precious metals IRAs because they do not always meet the purity requirements set forth by the IRS. You must buy precious metals that meet the requirements, such as mint gold that is 99.5% pure.

What Are the Payment Options for Gold and Silver Coins?

BGASC offers several payment processing options for greater purchasing power. You can buy mint gold and silver coins by using the following:

  1. All major credit cards
  2. Bank wire transfer
  3. Personal checks
  4. Cashier's checks

No matter the payment you choose, the company says you can expect fair prices and quick shipping. Orders over $200 ship with free shipping, and those below $200 have reasonable prices on shipping charges.

FAQ About BGASC

BGASC stands for Buy Gold and Silver Coins. You can purchase precious metals from this online retailer for your collection or gold IRAs, and they will ship promptly.

BGASC is a reputable company that has some problems going on. There are many negative customer reviews, but there are also positive ones. We are concerned about the lawsuits brought against this precious metals company.

You can sell your precious metals back to BGASC. It is important to note that you will not receive the same price you paid for your physical precious metals. This precious metals dealer will give you a promised rate based on the current spot price of gold and the retail price. The time end to end can vary when you sell bars.

Our Bottom Line: Do We Recommend BGASC?

We cannot recommend BGASC to our readers because of the many negative reviews, including those stating they received junk silver. There have also been lawsuits. BGASC may be a decent company, but it needs to address several issues before we recommend it to our readers.

Although the free shipping and secure delivery promises give the dealer a significant advantage over their competition, the company needs to fix issues with collectible coins and hidden fees.

Recognizing that banks often serve the interests of the wealthy rather than everyday investors, we approach banks, the monetary system, and politicians with skepticism. We strongly believe that individuals should have greater power over their finances, empowering them to make decisions about their money independently and reducing reliance on institutions and politicians.

The #1 ranked gold investment company has agreed to give our readers a FREE gold kit at no cost, until June 23, 2024. If you are even thinking about investing in gold, you need to request this kit.   

See How Smart Americans are Protecting Their Savings & Retirement

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