Is GMR Gold A Scam? (Is It Trustworthy Or Not?) (2022)

Hello, and thank you for visiting my article entitled “Is GMR Gold a Scam?”

There is no question that the market for precious metals is expanding at a breakneck speed. As a result of this, numerous businesses are mushrooming all over the place. You might wonder, “Is GMR Gold a Ponzi Scheme?”

Therefore, approaching this company with an objective point of view is of the utmost importance. In any event, this article will provide you with a wealth of information regarding the legitimacy of this company and whether or not it is a scam.

Obviously, I will be presenting vital evidence to back up my claims in the following paragraphs. Because of this, this interesting read can assist you in determining whether or not this business is the right fit for you.

Let’s get straight to the meat of this “Is GMR Gold a Scam?” article without further ado.

GMRGold – introduction

GMRGold is one of the many precious metal investment companies that deal with a wide variety of bullion products, including bars, rounds, coins, and other forms of bullion. These products can be purchased in the form of bullion. The excellence of the company and its capacity to thrive in the modern world can be attributed to their intention to uphold ethical business practices at all times, as well as their capability to offer expert guidance to customers who are looking to achieve long-term financial security. In addition, the company’s success can be attributed to the fact that they are able to uphold ethical business practices at all times.

GMRGold maintains its operations with the full accreditation of both the state and federal governments from its headquarters in Woodland, Texas, which is located in the state of Texas. It has been successful in establishing robust relationships with a number of well-known national mints and distributors of precious metals. These kinds of commercial ties have made it simple for GMRGold to source even some of the most rare coins, at prices that are competitive with the market.

What is GMR Gold?

This precious metals dealer and IRA firm based in Texas is affiliated with a wide variety of organizations. They are members of organizations such as PCGS, NGC, and the American Numismatic Association, to name a few.

Because they are affiliated with these organizations, they have, in a sense, already established a reputation for themselves. However, the quality of their products and services does not stand out among the competition on their own.

It is only natural for businesses of this nature to have some sort of relationship with a number of mints and coin distributors. In this instance, GMR Gold does in fact possess a good number of them.

GMR Gold, to its credit, facilitates a market that operates in both directions. To put it another way, they make it possible for their customers to buy, sell, and trade the metals they possess. To tell the truth, very few businesses will cooperate with this kind of business arrangement.

In addition to that, they pride themselves on having a strong sense of business productivity and honesty. They were able to maintain their footing in the market thanks in large part to the benefits that this brought them. They deserve praise for putting their clients’ needs ahead of everything else.

Is this, however, the most suitable business for you? In a market filled with highly regarded businesses like Augusta Precious Metals, what does GRM Gold have to offer customers?

GMR Gold Products and Services

As has been established, GMR Gold operates as a dealer in precious metals. As a consequence of this, they are involved in the trade of bullions. Additionally, one of their primary weapons is the investment in gold.

In addition to this, they have recently added new products to their online marketplace. The following list outlines all of the goods and services that are available to you from this company.

  1. Precious Metals

Gold, silver, platinum, and palladium are the most common precious metals that a precious metals company will make available to their customers. In the case of GMR Gold, they have an abundant supply of all four of these metals as well.

Whenever you click one of their particular buttons on their online platform, you will be taken to a new page. You will find a separate video on YouTube devoted to each of these metals at that location.

As was previously mentioned, GMR Gold places the needs of their customers ahead of all other concerns. The use of these educational resources is an effective method for assisting their customers in acquiring new knowledge.

Getting back to the original point, each of these metals can be found in any of the following forms:

  • Ingots (Bars)
  • Numismatic Coins
  • Commemorative Coins
  • Collectible Coins
  • Others
  1. IRAs and 401(k)

GMR Gold also provides access to individual retirement accounts that are self-directed. In particular, they deal with individual retirement accounts for precious metals. In addition, they make it possible to open 401(k) accounts and to transfer funds between existing ones.

If you are still unfamiliar with these terms, there is no need for you to be concerned because GMR Gold has resources available for you. In addition, I have written articles on both of these subjects. This link contains additional reading material on self-directed IRAs as well as rollovers.

In this particular section of the website, the company addresses some of the most frequently asked questions concerning these ideas. Thankfully, even the most fundamental of questions can be found there. However, I feel it is important to emphasize the requirements that they have outlined.

The following are the conditions that must be satisfied in order to fulfil the specific requirements. First, coins and bullion must be produced by mints or companies that have been granted accreditation.

Two, the minimum purity percentages of the metals will be specified. The following are some of them:

  • Gold – 0.995
  • Silver – 0.999
  • Platinum – 0.9995
  • Palladium – 0.9995
  1. Pre-Built Portfolios

GMR Gold is launching a brand-new product on their website with the assistance of their specialists. Overall, the company caters to the various requirements of their customers with eight separate product lines or portfolios.

Even more inexperienced investors are afforded the opportunity to participate in the metal asset market by virtue of this mechanism. Surprisingly, these portfolios are constructed with budget, a risk allowance, and diversification in mind all at the same time.

You are welcome to take a stab at these various portfolios. Using this contact form, you will be able to communicate with one of their representatives.

  1. Other Products

One who has a bullion subscription will have the opportunity to receive a “bullion box” on a monthly basis. To acquire this, it goes without saying that you will be required to make a financial investment of some kind. Regardless, your box will be stocked with a variety of metals proportional to the amount of money you paid for it.

Additionally, they have the supplies and items that are required for the maintenance and storage of metals. On their online platform, you can find a variety of materials to choose from, including housing, cleaners, and more.

GMR Gold Prices and Fees

These goods and services will, of course, come with a variety of price tags attached to them. Fortuitously, this is where GMR Gold somehow falls short of expectations. This is the reason why you might end up being disappointed with GMR Gold.

In most cases, novice investors will have very little to no prior experience with the ventures being discussed. Therefore, a price indication needs to be provided so that they can prepare themselves mentally.

Regrettably, their online platform does not cater well to the needs of customers. For me personally, the navigation was difficult, and at times it was confusing. In addition to this, there is no information provided regarding the costs associated with rollovers, IRAs, or 401(k) accounts.

To offer you some guidance, I will suggest that you make your purchase from a business that upholds the highest standards of transparency. As a result of this, I enthusiastically endorse Augusta Precious Metals.

How Does It Work?

In the following paragraphs, I will discuss the first three steps of the process. Buying from them, selling to them, and providing services related to IRAs.

To begin, if you are interested in making a purchase, you need only navigate to the “Shop Now” section of their website. After that, the standard procedure of adding items to one’s shopping cart and completing one’s purchase will commence.

Second, if you are interested in doing business with them, the steps that need to be taken are as follows:

  • Make arrangements to conduct the business transaction by contacting their representatives.
  • Request that your metals be sent to their headquarters so that they can be examined. In most cases, this will take two full days of business.
  • If you are accepted, they will send your payment to you via direct deposit, wire transfer, or the United States Postal Service (USPS). In the event that your application is denied, we will return your metals to you at no additional cost.

Third, if you want to open an individual retirement account (IRA), you need to follow these steps in order:

  • Create a custodian account in order to better serve your requirements. In most cases, this will already have the IRS’s blessing.
  • The next step is to populate your account with various assets.
  • Last but not least, you have to put money into your account. This can be accomplished via wire transfer, by rolling over existing funds, or by making annual contributions.

Customer Ratings and Reviews

  • Better Business Bureau – no rating and accreditation available
  • Business Consumer Alliance – no rating available
  • Trustpilot – 4.6 out 5 based on 737 reviews
  • Yelp – 1 out of 5 based on 2 reviews

Pros and Cons


  • Free shipping for orders over $75
  • IRAs are made available by a great number of partnerships and associations.
  • They place a high value on maintaining their privacy.
  • Two-way market
  • Excellent customer service


  • There is no price information for some of the company’s products and services on its website.
  • A limited number of ratings and reviews.
  • Products are limited and sell out almost as soon as they are put on the market.

Is GMRGold a scam or is it legitimate and authentic?

This company, in my lowly opinion, is absolutely legit in every way. There is nothing on the internet about it that gives the impression that it is a company that is looking to con naïve customers out of the money they have worked so hard to earn. On the other hand, that’s a different story depending on whether or not it’s the best available option for you… Let’s look into it more, shall we?

If you take the time to read the feedback left by previous customers on a website like Trustpilot (which will open in a new window), you’ll see that they believe it to be quite reliable. More than ninety percent of customers who have shared their opinions about GMRGold have characterized the company’s offerings as outstanding in quality. The majority of the customers have also commented on how quick and professional the customer support staff is.

The consensus among GMRGold’s clientele is that the company can be trusted and places a high priority on ensuring that each and every one of its clients is happy with the services they receive.

Then how about the comments and scores given by the BBB (Better Business Bureau)? A cursory examination of the Business Bureau of Canada (BBB) website reveals that GMR is NOT an accredited business (opens in new window). The rating for it there is, in point of fact, quite poor.

Rating from the Better Business Bureau: 1 star out of 5 (1/5)

This business might do a good job of providing the market with valuable goods and services if they put in the effort. Despite this, I feel it is important to point out that the company’s selection of products is not nearly as extensive as that of some of the market leaders in the sector. In addition, as you can see up top, the Better Business Bureau does not recognize them as an accredited business, which is yet another major strike against them…


The answer to the question posed in this article, “Is GMR Gold a Scam?,” is a resounding “no.” This company is a member of a variety of associations, and the products they sell are both legitimate and enticing.

In addition to that, they provide a variety of options for customers. To begin, they are very good at providing their customers with a variety of options from which to choose. As an illustration, they have created portfolios for those who are still relatively new to the industry.

However, there are warning signs that should be considered regarding this company. One, the degree of transparency that they provide is not very high. Second, it appears that their clients have a variety of opinions regarding the quality of the service they receive.

In general, it is a reputable business, but there are other options out there that are superior. One excellent illustration of this is Augusta Precious Metals, which is widely regarded as the best gold IRA company.

As is customary, any feedback and ideas offered are gratefully received. Please make sure they are left in the correct section below. Once more, I want to say thank you for reading this article entitled “Is GMR Gold a Scam?”


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