Gold Avenue Review

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Gold Avenue is an online precious metals dealer that handles all the online business for MKS Pamp Group. MKS Pamp Group is a familiar name in the precious metals industry because they provide a great deal of different precious metals services.

But how does Gold Avenue stand up to the competition? What exactly do they offer, what do past customers have to say, and is the company actually legitimate?

  • Product Type: Precious Metals
  • Owner: MKS Pamp Group
  • Rating: 3.0/5

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About Gold Avenue

Gold Avenue Review

Gold Avenue is just one subsidiary of the much larger MKS Pamp Group. It functions as an online gold dealership that connects individual investors with precious metals. If you've been interested in securing some of your current assets in precious metals, they offer solutions to help.

The company is global and reaches individual investors all over the world. MKS Pamp Group itself has more than 15 offices around the globe. The Gold Avenue solution is led by a team of twenty people with a strong background in precious metals acquisitions and sales.

They are very transparent about their employees, with a section on the website that explains who is on the board and what roles each person plays. The parent company has been in the industry for more than 60 years and expanded hugely in that time.

Storage Solutions

Gold Avenue Review

One of the company's biggest selling points is its storage solutions. You can have your precious metals stored in tax-advantaged Switzerland in state of the art vaults. Every account comes with full insurance against damages, loss, or theft.

The vaults also exist outside the global banking system. If you want to keep a portion of your assets from prying government eyes, Gold Avenue gives you the resources to do so.

When you use the company's storage solutions, you also get access to instant liquidation. One of the biggest issues with precious metals is liquidating them for a fair price. But if you're ready to cash out, you can simply sell the items in the vaults back to the company at a 0 percent commission.

Most other companies charge a commission in their buyback programs so that they can make money on the deal.

You'll have an online Wallet, which shows you your account holdings. It has information about all of your assets and their value over time. You'll be able to choose whether it's a good idea to sell or whether you should hold on a little longer.

If you decide that you want to have your precious metals with you instead, that can be arranged without any trouble. All you have to do is ask the company to ship them to your address. They will come fully insured in discreet packaging.

Gold Avenue most often works with customers throughout Europe. They use a variety of different delivery systems to get your precious metals to you, such as UPS, Brinks, Swiss Post, Loomis, and other international carriers.

Storage Pricing

Gold Avenue Review

Pricing for the different storage solutions is transparent and can be found on the website. There is a free tier, a flat tier of $8 monthly, and a custom tier.

Until your account exceeds either 10 kilograms or $11,000 in value, you can store your items completely for free. You don't need to sign any contracts, and your account is completely insured.

Once the value of your holdings passes $11,000, the price goes up to $8 per month. This is significantly less than you'll find with a lot of other storage solutions. If you start with this paid solution, you can get three months of storage for free.

Once the value of your holdings exceeds $110,000, your account will be given on demand pricing. This means that the prices will be customized to suit your specific needs. You'll also have a dedicated account manager who takes care of your holdings and provides you with insights.

Like the free solution, both of the paid solutions are no-commitment. You don't have to sign any contracts or pay for a long period of service up front.

Products Available

Gold Avenue Review

The company sells a variety of precious metals including gold, silver, platinum, and palladium.

The website also makes it very easy to browse the products however you want. You can choose filters like the type of metal, the type of product, the item weight, and the price per product. That way, if you have a particular kind of item you're looking for, you can narrow down the search.

As of writing, most of the company's inventory is in gold products. There are quite a few silver products as well, and just a handful of platinum and palladium options. That said, they do stock more platinum and palladium than many precious metals dealers.

The types of products that you can choose from include:

  • Cast bars
  • Minted bars
  • Coins

The company appears to deal mostly with minted bars. There are about twice as many minted bars listed on their website as there are coins. Meanwhile, only a handful of cast bars are available.

This makes the company good for people who want to acquire a lot of bullion without caring much for numismatic collectibles. By purchasing bars instead of coins, you secure your price based more on the melt value of the metal than the coin's rarity.

Is Gold Avenue a Scam?

Gold Avenue Review

Gold Avenue is definitely not a scam. The company functions as the online retailer for a larger conglomeration. When you go to Trustpilot, you can find hundreds of positive reviews. In fact, most of the customer feedback for this company is positive.

That means that they provide the services they say they do. As with any large company, there are occasional complaints here and there. But 80% of the reviews give the company five stars.

Pros & Cons of Gold Avenue

Pros

  • Excellent customer ratings for the most part.
  • Free storage of up to 10 kilograms of precious metals.
  • Large array of products offered.

Cons

  • No IRA services offered through the company.
  • There have been a few minor complaints here and there.
  • Mostly deals with European clientele, so it might not be the best for Americans.

Final Thoughts

All in all, Gold Avenue appears to be a trustworthy and reputable company. They have an impressive online presence that includes hundreds of positive customer reviews on Trustpilot. In addition to offering quite a large selection of products, they have free storage services on holdings of up to 10 kilograms.

That's an offer that's hard to match in the business. So if you want to hold precious metals as part of your personal portfolio, there's nothing stopping you from working with this company. The salespeople don't work on commission, so you're likely to get a fair deal.

But the company doesn't offer precious metals IRA services. They don't streamline the setup process, direct you to a custodian, or help you with selecting the right metals for your retirement account. So if you're looking for a gold IRA, this particular company probably isn't the best fit.

Overall, we believe that there is a better option when it comes to your investment.

The above company is our top recommendation after doing extensive research. Feel free to keep doing your own research, or you can visit Gold Avenue below!

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