What is the Great American Gold Company?Great American Gold Company Locations, Timings, Email, Phone, Services
Great American Gold Company is a precious metals company that was founded in 2018. The company offers a variety of products, including gold, silver, platinum, and palladium coins, as well as gold IRAs. Great American Gold Company is based in Los Angeles, California.
The company claims to offer a variety of products and services, including gold IRAs, physical precious metals, and educational resources. The Great American Gold Company has a poor reputation due to customer complaints about missing coins, non-delivery of bars and coins purchased, and bid-ask prices not in line with actual trading values.
Address: 1605 W Olympic Blvd #850 Los Angeles, CA 90015-3861
People Behind Great American Gold Company: CEO, Owner, Co-Founders & MoreWho owns the Great American Gold Company? What is the management team behind the People Behind Great American Gold Company?
Mr. Earl Davenport is the Owner of the company, according to BBB. No information regarding its management team and members is available on its website.
In terms of transparency, it’s crucial for businesses to provide clear and accessible information about their ownership structure and key decision-makers. In the case of Mr. Earl Davenport’s company, it’s positive to note that the BBB acknowledges him as the owner. This disclosure helps establish a level of accountability and trust, as customers can understand who is ultimately responsible for the company’s actions and reputation.
However, there is a significant area of concern when it comes to transparency in the company’s management team. On the company’s website, there is a conspicuous lack of information regarding its management team and members. This absence raises questions about the company’s commitment to openness and accountability beyond the ownership level.
Disclosing information about the management team is essential for several reasons. Firstly, it allows customers and stakeholders to assess the expertise and experience of the individuals responsible for running the company’s day-to-day operations and making critical decisions. Knowing the backgrounds and qualifications of the management team builds confidence in the company’s ability to handle challenges and provide quality products and services.
Transparency is Important
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Secondly, transparency in the management team helps avoid potential conflicts of interest. When stakeholders are aware of the key decision-makers, they can better assess if any conflicts exist that could impact the company’s operations or the fair treatment of customers.
Moreover, showcasing the management team’s qualifications and experience demonstrates the company’s commitment to professionalism and competence. It sends a message that the company is led by capable individuals who can navigate the complexities of the industry and maintain ethical standards.
Great American Gold Company Products: Bullion Coins, Bars, And Rare CoinsAll products offered by Great American Gold Company
Great American Gold Company is a company that deals with the buying and selling of physical bullion, specializing in precious metals like gold, silver, platinum, and palladium. Additionally, they offer a gold Individual Retirement Account (IRA) for those interested in diversifying their retirement portfolio with precious metals.
Exploring Great American Gold Company’s Precious Metals Offerings:
Let’s delve into the various precious metals offerings provided by Great American Gold Company, as stated on their website and observed by consumer watchdog groups.
Gold – Formerly Available Products:
Great American Gold Company claims itself as a company that is dedicated to gold bars and coin purchases. The pages for gold buffalo coins and gold eagle coins lack active purchase buttons, leaving potential customers unable to make direct online purchases. The presence of raw HTML suggests that these pages were previously functional, but their current status remains uncertain.
Silver – Limited Availability:
The Great American Gold Company’s website offers silver purchases: silver bars and coins. However, it seems that neither page includes prices or functioning order buttons. While some raw HTML remains visible, indicating previous functionality, the current status of silver sales on the website is unclear. Potential customers may need to contact the company directly to inquire about the availability of silver products.
Platinum Offerings – Few Options Available:
In the past, the Great American Gold Company offered platinum coins for purchase. However, as per various consumer reviews, the webpage for platinum coin purchases is no longer functional. Despite this, the company retains an educational page discussing the advantages of investing in platinum.
Palladium – A Historical Perspective:
While Great American Gold Company claims to offer palladium products, the dedicated page on its website does not load. Using the site map, it was discovered that the palladium coins sales page is no longer available. Instead, the company now provides an educational page that outlines the benefits of investing in palladium. It remains uncertain whether palladium products are still available for purchase through the company
Great American Gold Company offers a range of precious metals, including gold, silver, platinum, and palladium. While the website mentions various products, there seem to be some technical difficulties affecting the accessibility of certain pages and the ability to make direct online purchases. It is advisable for interested individuals to contact the company directly to inquire about the availability of specific products and to gather more information about their offerings. As with any investment decision, consumers should exercise due diligence and thoroughly research any company and its products before making any purchases.
How to Invest in Great American Gold Company IRA?Step-by-step guide for investing in Great American Gold Company IRA
To invest in a precious metals IRA through Great American Gold Company, here are the general steps:
Open a Self-Directed IRA
Select an IRA company that handles opening precious metals IRA accounts and fill out an application. You can work with Great American Gold Company to recommend an IRA company and provide the necessary paperwork. However, I don’t recommend doing so.
Fund Your IRA
Once you have selected an IRA company, you can move your funds into your new IRA account. You can work with the IRA company representative to transfer or roll over funds into the new account.
Select a Precious Metals Dealer
One of the forms you need to fill out along the way is typically called a Buy Direction Letter. This is where you list the precious metals dealer you have selected, such as the Great American Gold Company.
Decide Which Precious Metals to Purchase
You can choose to invest in gold, silver, platinum, or palladium for your IRA. There are some restrictions regarding fineness requirements and allowable coin types, so it’s essential to get guidance from the Great American Gold Company in this area.
Place Your Order
Once the funds are available in your IRA account, you can call them to place your order for the desired precious metals.
For individuals specifically looking for a precious metals dealer that offers IRA services and the associated benefits, they may need to explore alternative providers in the market.
I don’t recommend opening an IRA with Great American Gold Company. That’s why I suggest checking out our top gold IRA providers list. There, you can find the best precious metals dealer in your state and choose accordingly.
Also, the list will help you understand what the industry’s best has to offer and what you might miss out on.
Learn More About Gold IRA
If you’re unfamiliar with gold IRAs, I recommend checking out the following guide:
Great American Gold Company Fees and Charges: Do they overcharge?What are their fees? Do they have hidden fees?
The website for Great American Gold Company is not functioning properly and its website is not opening now. The company is not currently active. This is a red flag and potential investors should be wary of doing business with this company.
In this way, it is not possible for me to explain its fees and charges. In my opinion, one should not invest in these fugitive types of companies.
Companies like Augusta charge ZERO fees for up to 10 years, allowing you to choose your own gold & silver. Great American Gold Company on the other hand provides fewer options.
Beware of Gold IRA scams. Recently several scams have been charged by the authorities. Companies such as Regal Assets, Safeguard Metals and Red Rock Secured defrauded hundereds of retirees like you and me. I strongly suggest you learn how to identify gold IRA scams. You can request a free guide using the button below:
Social Media Presence of Great American Gold Company:Twitter, Facebook, & Instagram
Facebook Page of Great American Gold Company:
Great American Gold Company has 376 followers on its Facebook account. The company has 353 likes and 4.5 stars out of 5-star ratings with 11 reviews.
Twitter Page of Great American Gold Company:
The company has an account on Twitter. They have 48 followers and are following 240 accounts. Great American Gold Company joined Twitter in March 2019.
LinkedIn Page of Great American Gold Company:
The company has a LinkedIn profile with 34 followers. Great American Gold Company’s size is 11-50 employees. Their 2 employees have their profiles on LinkedIn.
Instagram Page of Great American Gold Company:
The company has an account on Instagram too. They have only 272 followers and are following 1799 accounts. Great American Gold Company has posted 59 posts till now. They joined Instagram in April 2019.
Great American Gold Company Reviews and Complaints: BBB, Trustpilot, SitejabberRead all the Great American Gold Company reviews & complaints
Better Business Bureau (BBB):
On the Better Business Bureau website, Great American Gold Company has 3-star 5 stars ratings with only 2 customer reviews. They are since 4 years in the industry. No complaints have been filed and closed in the last 3 years. BBB has given a B- rating to this company. This business is also not BBB accredited on Better Business Bureau website.
A business with a B- rating and 5 out of 3 stars with only 2 reviews means that it has received two positive reviews, but not enough reviews to give it a more definitive rating. The 3-star system is not as common as the 5-star system, so it can be difficult to interpret. However, in this case, it seems that the business has received positive feedback from its customers.
It’s important to note that the number of reviews can also affect a business’s rating. A business with two reviews will have a lower rating than a business with 100 reviews, even if the two businesses have received the same number of positive reviews. This is because the 2-review business has a smaller sample size, so its rating is less reliable.
Overall, a business with a B- rating and 5 out of 3 stars with only 2 reviews is a business that has received positive feedback from its customers, but not enough reviews to give it a more definitive rating. If you’re considering doing business with this company, it’s a good idea to read the reviews carefully to get a better sense of the overall customer experience.
It’s important to remember that reviews are subjective. Just because a business has a high rating doesn’t mean that you’ll have a positive experience there. It’s always a good idea to do your own research before doing business with any company.
On Yelp, Great American Gold Company has 5 stars out of 5-star ratings based on only 2 customer reviews. The reviews presented are positive. Customers praised the company and its services.
On-Site Jabber, Great American Gold Company has 4 stars out of 5-star ratings based on only 8 customer reviews. The reviews presented mostly are positive. The customers praised the company’s knowledge and rapid shipping time.
On Google, Great American Gold Company has 4.6 stars out of 5-star ratings based on customer reviews. There are a total of 18 customer reviews on Google, and most of them are positive, with customers praising the company’s excellent customer service, professionalism, and expertise.
Great American Gold Company has received some complaints on (Yellow Pages)
Great American Gold Company has received several unresolved complaints from customers. There are also several unresolved negative reviews on different platforms. Our #1 rated gold IRA company has ZERO unanswered complaints on BBB.
Some Positive Customer Reviews:
#1. Nelly admits to feeling hesitant before purchasing gold, but in all honesty, the experience with Great American Gold Company has been excellent! He highlights that Michael, a representative from the company, patiently addressed all of their questions, and the company maintained complete transparency regarding their services, pricing, and the entire transaction process. Nelly looks forward to making another purchase from them, hopefully in the near future!
#2. Brian S. originally posted a negative review of this firm but has since retracted it after conducting a more thorough and detailed investigation. Despite the owner facing some mental issues, Brian now acknowledges that the owner is entirely honorable and committed to providing exceptional assistance to all clients.
#3. According to Quinton H., the consultants at this company were exceptionally supportive and helpful. Frustrated with the unpredictable nature of the stock market, Quinton found solace in investing in Great American Gold Company products. It provided him with much-needed relief from the volatility, instability, and constant fear of losses. Trusting in this company, Quinton now feels assured that his money is secure and protected.
#4. According to a satisfied customer, Great American Gold Company exhibits professionalism, courtesy, and kindness. The customer was particularly impressed by the company’s patience in addressing all of their inquiries regarding purchasing gold and silver, especially as it was their first time engaging in such transactions.
#5. According to Barry S., his past experiences with shopping for gold or silver left him dissatisfied due to either high prices or subpar products. However, he expresses great satisfaction with this company, praising their impressive range of products, fair pricing, and the exceptionally friendly staff who guided him through the entire process. Barry is delighted to have discovered this company and awards them a well-deserved 5-star rating!
Some Negative Customer Reviews:
#1. John A. had an unpleasant experience with this company. He alleges that the owner deceived him with an incorrect gold price, and undisclosed fees, and denied his refund request. Attempts to contact the company went unanswered, and the closed office suggests poor customer service. John expresses frustration, implying the company is neglecting its responsibilities.
#2. Vanessa M. advises others to conduct research on Earl Nelson Davenport and Chris Faulkner, particularly in relation to their association with First Capital Gold in Inglewood, CA. She emphasizes the importance of being cautious and not falling for any potential deception or misleading practices related to these individuals or the company.
#3. Curtis Witherspoon expresses his dissatisfaction with the service, describing it as very poor. He further alleges that the owner of the company is a fraud and a con man with a criminal record and a history of drug use. Curtis claims that he was deceived by the owner into participating in a scam.
#4. Terrence P. cautions others to be wary of individuals named Earl Nelson Davenport and Chris Faulkner. He advises conducting research on them, particularly mentioning their involvement in a previous scam called “Gold Room” under the company First Capital Gold in Inglewood, CA. Terrence strongly advises that others take this warning into consideration to avoid any potential fraudulent activities.
#5. Marc Bookstein recounts his experience with the company, expressing frustration at the lack of response to three consecutive emails sent over the course of three weeks. Finally, when he decided to call them, the person who answered the phone appeared bothered and dismissive, which further added to his dissatisfaction. As a result of this poor customer service, Marc has decided to seek assistance from another company to help him build his coin collection.
According to Offshore Leaks Database:
GREAT AMERICAN GOLD, INC., bearing the same name and registration date, has been in operation since 19th June 2006. It was incorporated in Panama and currently appears to be in a transitional phase. The information was sourced from the Panama Papers, which are a set of leaked documents that shed light on various offshore financial activities and companies. As of the provided data, specific details about the company’s activities and current status beyond its transitional state are not available.
Is Great American Gold Company Legit? Should You Invest With Them?Is Great American Gold Company a scam or legit? Are they worth it?
No, in my opinion, you should not invest with them.
Great American Gold Company does not have a good reputation and we recommend avoiding this company. There are many other reputable precious metals companies that offer better customer service and more accurate information.
Impressive product selection
No reviews on Trustpilot, Trustlink and BCA
Risk of hidden fees
Website isn’t working properly
Received serious allegations
Limited online presence
Each state has its own regulations and rules, so we’ve sorted and found the best Gold IRA company for each state.