Disclaimer: Many or all of the companies listed here may provide compensation to us. This is how we maintain our free service for consumers. Compensation, along with hours of in-depth editorial research, determines where & how companies appear below.
Woodland Gold and Silver is a well-known precious metals dealer that offers various products and services to investors of all levels. The company has been in business since 2015 and has a strong reputation for providing quality products and excellent customer service. But is this company worth your investment?
In this in-depth review, we'll explore Woodland Gold and Silver's offerings and determine whether or not this company is worth your time and money. We'll look at the types of products and services they offer, their customer service and the overall value of their offerings.
With this comprehensive review, you'll be able to make an informed decision regarding whether or not investing in Woodland Gold and Silver is the right move for you.
Overview of Woodland Gold and Silver
Woodland Gold and Silver is a family-owned and operated coin and precious metals dealer based in Woodland, California. The company was founded in 2015 by Brandon Hodges, who has more than 165 years of experience as a bullion broker, coin dealer and jewelry seller and buyer.
Woodland Gold and Silver specializes in buying, selling and trading coins, bullion and jewelry. They offer various products, including gold and silver coins, bullion bars, rounds, proof sets and numismatic coins.
They also have a selection of jewelry, including rings, necklaces, earrings and bracelets. In addition to buying and selling physical items, they can assist with setting up precious metal IRA accounts.
Woodland Gold and Silver strives to provide exceptional customer service and knowledge. Their staff deeply understands the coin and precious metals market and are willing to share their expertise with customers. They take pride in providing honest and fair transactions every time.
Their knowledgeable staff is committed to providing quality customer service and helping their clients find the best investment solutions to meet their individual needs. They have a secure online store that is easy to navigate, allowing customers to shop from the comfort of their homes.
Products and Services
Woodland Gold and Silver is a company that specializes in buying, selling, trading and collecting precious metals such as gold, silver and platinum. The company offers a range of products and services to its customers.
It offers its customers the ability to purchase gold, silver and platinum in various forms such as coins, bars and rounds. They also provide a variety of bullion coins from different countries including the United States, Canada, Great Britain and Australia. Customers can purchase pre-owned items such as jewelry, watches and collectibles.
In addition to purchasing products, the company offers other services such as appraisals, storage and numismatics (coin collecting). Experienced professionals conduct appraisals to determine the value of an item.
Storage services provide secure, safe and insured storage for customers' investments. Numismatics services include:
The company also has a website that provides up-to-date information about the precious metal markets, products and services. Customers can use the website to purchase products, view current prices and trends, read educational articles and access various other resources.
Customer Service
Woodland Gold and Silver provide exceptional customer service. Their team is friendly, knowledgeable and helpful. They are always willing to go above and beyond to ensure customers are satisfied with their purchases.
The staff can answer customer questions or concerns about their products and services. They also offer a wide selection of items, so customers can find what they need and get it delivered quickly. Woodland Gold and Silver is committed to providing quality customer service and satisfaction.
They have return policies if customers are unhappy with their purchase and they strive to provide the best customer experience possible. The company also offers various payment options so customers can choose the one that works best for them.
Reputation and Ratings
Woodland Gold and Silver Company has a reputation of 3.6 stars on Yelp with 11 reviews. This rating could be higher if more reviews were available. However, since the company has only been in business for a short period, there may not be enough information for other bodies such as the Better Business Bureau (BBB) to rate the company yet.
The company may have started strong but is currently not doing as well as it once was. It is important to note that reputation is not necessarily a quality measure, as it can be affected by other factors such as customer service, pricing, etc. As such, it is essential to conduct additional research into the company to better understand its quality before deciding whether to use its services.
The company needs to improve its reputation to remain competitive in the market. This could include focusing on customer service, offering quality products and services and responding to customer complaints quickly and efficiently. They should strive to be transparent and honest in their dealings with customers and potential customers.
Identifying Alternative Precious Metal Companies
Choosing the right precious metal company is important for any investor or collector. Finding a company with a solid reputation that offers reliable services, competitive prices and a secure storage option is critical. Let's discuss in detail the factors you'll need to consider.
Reputation
Investigating and researching the company's industry standing and track record is essential to ensure that they are reputable and have a good reputation. It would be best to look at reviews, customer feedback and other customers' experiences to understand the company's standing and reliability.
It would be best to look into the company's history such as how long they've been in business, to ensure they're experienced and knowledgeable about the precious metals industry.
Look into their accreditation, certifications and memberships with professional organizations like the Better Business Bureau and the American Numismatic Association. These indicate that the company has met certain standards and follows certain ethical and professional practices.
Selection
The selection of products offered by a precious metals company should be comprehensive and varied. It should include a wide range of gold, silver, platinum and palladium products in different sizes and shapes, including coins, rounds, bars and jewelry.
The company should offer products from various reputable mints and manufacturers such as the US Mint, Royal Canadian Mint, Perth Mint and Austrian Mint. This will ensure that the customer has plenty of options for their purchase. The selection should include numismatic and semi-numismatic items such as bullion coins with historical or collectible value.
Pricing
Prices for gold, silver, platinum and other precious metals are constantly changing, so it is vital to find a company that offers competitive prices and flexible payment options. Many companies will offer discounts for larger purchases and reduced shipping and handling fees.
The company should also provide buyers with up-to-date information on the current market value of the metals they purchase, so they can make informed decisions about their investments.
Also, it is important to ensure that the company is transparent and provides clear disclosure of all fees and commissions associated with each transaction. Buyers should compare the costs of various companies to make sure they are getting the best deal.
Delivery Options
When choosing the right precious metals company, it is essential to consider their delivery options. This means understanding what types of delivery are available, how long it will take for orders to arrive and whether they offer any additional services such as insurance or tracking. Delivery services vary from company to company and can include physical delivery, secure storage or digital delivery.
Physical delivery is a common option for many precious metal companies, though it may vary in speed and cost. Some companies offer standard delivery, which typically takes around three to five business days, while others provide express delivery, which can be as fast as one business day.
However, the cost of express delivery is often higher than standard delivery. Additionally, some companies may offer free shipping on orders over a certain amount.
Secure storage is another option offered by some precious metal companies. This allows customers to store their purchases in a secure facility, often with insurance coverage and other services included. This can be especially helpful for those who want to protect their investments or don't have the space to store large quantities of precious metals.
Finally, some companies offer digital delivery as an option. This allows customers to purchase and receive precious metals without physically holding them. Digital delivery is typically done via an online platform or app and customers can access their investments anytime. This is an excellent option for those who want to invest quickly and securely without worrying about physical delivery.
Security
It is important to research and ensure the company you are considering is reputable and has a good track record. Ensure they are appropriately licensed and insured and check their reviews from previous customers.
It would be best to verify the security measures they have in place to protect your investments. This includes security measures such as firewalls, encryption, authentication and other measures to protect your data.
You should also check if the precious metal company is registered with the Federal Deposit Insurance Corporation (FDIC) or another government regulatory agency. This provides a guarantee that your money and assets are safe in the event of a security breach.
Customer Service
A good customer service team should be knowledgeable and accessible, providing clear and prompt answers to any questions or concerns you may have. They should be willing to go the extra mile to ensure service satisfaction.
They should also be experienced in the precious metals industry to provide valuable advice and guidance when needed. Look for a company that will explain the process to you and answers any questions about the entire process from start to finish.
Payment Options
Look for a company that offers a variety of payment options to ensure you have the most flexibility in how you purchase your metals. The most common payment methods include credit/debit cards, bank transfers, e-checks, PayPal, wire transfers and cashier's checks.
You should research the company before purchasing to ensure they have a good track record and a secure payment system. Also, read through any terms and conditions associated with payment options to make sure you are comfortable with them.
Ways to Invest in Precious Metals
There are several ways for investors to invest in precious metals, each with its advantages.
Buying Physical Metals
One of the most popular ways to invest in precious metals is to buy physical gold, silver, platinum and palladium coins, bars or rounds from a reputable dealer.
Depending on the size and type of metal you purchase, you may pay more than its current spot price due to a premium. Additionally, you'll need to consider storage costs and insurance to protect your investment.
Investing in Mining Companies
Another option for investing in precious metals is buying shares from mining companies producing them. These companies usually offer more leverage than physical metals, as they allow you to benefit from any increase in the price of the metal they produce.
However, you'll also be exposed to the risks associated with running a business such as operational and political risks.
Exchange-Traded Funds (ETFs)
ETFs are investment funds that track the price of an underlying commodity. When you buy shares in a precious metals ETF, you invest in a fund that holds physical gold, silver, platinum and palladium. These ETFs typically have lower management fees than other types of investments, making them a cost-effective way to gain exposure to the metal's price.
Future Contracts
Investors can also purchase precious metal futures contracts. These are agreements between two parties to buy or sell a certain amount of metal at a predetermined price on a specific date.
Futures contracts offer greater leverage than stocks and funds, allowing investors to take advantage of large price movements. However, they are considered high-risk investments and require great expertise to manage effectively.
Why You Should Invest in Precious Metals
Investing in precious metals has become increasingly popular in recent years due to its potential for diversification and long-term stability. There are several compelling reasons why you should consider investing in precious metals:
Final Thoughts
Woodland Gold and Silver is a company that deals in gold and other precious metals. While the company may have good products and services, we cannot recommend it due to its lack of ratings from major bodies. Additionally, its financial performance has not been particularly strong and is not the best option for investing in gold or other precious metals.
We strongly recommend that you look at our top-rated precious metal companies instead. These companies are rated highly by major bodies and have proven track records of success. Investing in gold and other precious metals with these companies is a safer and more reliable option.
They offer better customer service, a wider range of products and higher returns. Furthermore, they are backed by established institutions and are more likely to remain financially stable in the long run.