Investors have several options available when it comes to investing in gold, from buying the physical metal to purchasing shares to trading futures in the commodities market. Whether you hope to diversify your portfolio or ensure an extra layer of protection for your assets, it can prove challenging to decide which precious metals dealer is right for you.
Learn About Gold’s blog provides all the information you need to understand your options as an investor. We break down top-ranked companies and pull back the curtain on investing, better preparing you for the future of your investments.
This article will review Dallas Gold & Silver Exchange and help you determine whether this precious metals dealer is worth the investment.
Dallas Gold & Silver Exchange: The Background
Dallas Gold & Silver Exchange is a wholesaler and retailer of precious metals and fine jewelry based in Dallas, Texas. The company specializes in buying and selling gold, silver, platinum, and palladium bullion coins and bars, in addition to watches, diamonds, and wedding jewelry.
Established in 1965, Dallas Gold & Silver Exchange has been BBB-accredited since 1990. The Better Business Bureau lists Jim Vierling as the Principal Contact and CEO of the company, but press releases state that Vierlings resigned in April of 2014.
James “Dusty” Clem briefly stepped in as CEO following Vierling’s resignation, but Clem then resigned after a year with the company. As of 2016, John Loftus serves as the CEO of Dallas Gold & Silver Exchange.
The company has nine stores in the Dallas-Fort Worth area. Learn more about their service areas and locations here.
Dallas Gold & Silver Exchange Products and Services
Dallas Gold & Silver Exchange boasts a wide range of inventory, including precious metals, jewelry, collectible items, and IRA-eligible bullion. Gold bullion makes up the most significant portion of the company’s catalog, and investors can deposit many of the gold bars and coins they purchase from Dallas Gold & Silver Exchange into an IRA.
These IRA-eligible items include:
- American Gold Eagles
- American Gold Buffaloes
- Canadian Gold Maple Leafs
- Australian Gold Kangaroos
- South African Gold Krugerrands
Dallas Gold & Silver Exchange does not directly offer any storage solutions to investors. However, it appears the company collaborates with several IRA custodians, as they have a page on their website that instructs investors to call and set up their IRAs.
This setup means the cost of storing any metals you purchase from Dallas Gold & Silver Exchange will depend on the pricing policies of your chosen custodian. Whether you choose a custodian recommended by Dallas Gold & Silver Exchange or a custodian independent of them, it’s essential to consider the following two factors:
- Pricing: In the long term, sliding scale fees will generally cost more than a flat-rate fee.
- Reputation: Most of the time, you can spot a reputable company by reviewing how many positive ratings it has.
Comparing Dallas Gold & Silver Exchange With Competitors
No matter where you choose to invest, you’ll find benefits and drawbacks with every company. It’s essential to review your options carefully. When it comes to Dallas Gold and Silver Exchange, the pros and cons are relatively simple.
Dallas Gold & Silver Exchange provides high-quality products, possesses many years of industry experience, and has earned the title of a BBB-accredited company. However, the downsides include a lack of direct IRA services, an inability for investors to order online, and the fact that the company has few ratings and reviews compared to its competitors.
It’s easy to settle for the first reputable company you find online. Still, as an investor, it’s critical that you thoroughly examine your options to protect your assets and financial future. Gold dealers usually offer similar bullion prices, but shipping policies and storage prices differ widely, especially depending on the IRA custodians affiliated with each company.
The IRA custodian you choose to store your IRA-eligible gold will determine the annual storage and administration fees you have to pay. This arrangement necessitates that you carefully compare custodians and choose a gold IRA company that charges a yearly flat-rate fee and can cooperate with your selected custodian.
Dallas Gold & Silver Exchange Contact Details
If you’d like to get in touch with Dallas Gold & Silver Exchange, you can do so through one of the following avenues:
- Address: 13022 Preston Rd, Dallas, TX 75240; 1201 W. Airport Fwy., Ste. 190, Euless, TX 76040; 2620 W I-20, #103, Grand Prairie, TX 75052; 200 N Kimball Ave, #205, Southlake, TX 76092
- Phone: (972) 484-3662, (817) 283-4460, (817) 505-1005, (817) 722-0075
- Fax: (972) 674-2596
- Website: https://www.dgse.com
- Email: info@dgse.com
Final Thoughts
Dallas Gold & Silver Exchange has been offering its products and services since 1965. As a BBB-accredited company, they possess industry experience and reputability and provide a vast array of high-quality products for any investor looking to add to their portfolio. The company’s products include gold, silver, platinum, palladium, fine jewelry, and collectibles.
The only significant downside to Dallas Gold & Silver Exchange is the company’s lack of reviews and ratings compared to its competition. Given the limited information available, it may prove challenging to learn what to expect from the company before you purchase. Still, Dallas Gold & Silver Exchange remains a legitimate gold IRA company that can help you add to and diversify your portfolio.
No matter which company you choose to purchase from, it’s imperative that you thoroughly research your options and review each company’s services, products, and ratings.
