Kitco
About Kitco
| Mailing Address | 620 Cathcart, Suite 900 Montreal, Quebec H3B 1M1 |
| Phone | 877 775-4826 |
| Free Shipping | Yes |
| Shipping Info | Shipping: $15 for orders under $5,000 |
| Payment Methods | Credit Cards, Check/Money Order, Wire Transfer, Bitcoin, |
Kitco is a well-known and reputable company in the precious metals trading, refining, and information services industry, founded in 1977.
Kitco provides a platform for buying and selling a wide selection of bullion products, such as bars, coins, and rounds, in various precious metals, including gold, silver, platinum, and palladium. Kitco facilitates transactions for investors seeking physical metals and those interested in the futures and options markets.
As a refiner and recycler of scrap metals, Kitco operates a state-of-the-art precious metals refining facility, which enables them to recycle downstream waste and turn it into investment-grade bullion. They accept scrap gold, silver, platinum, and palladium from individuals, businesses, and industries, providing a reliable and efficient refining process.
Kitco is renowned for its comprehensive coverage of precious metals news, mining news, in-depth market analysis, expert interviews, and price charts. It provides real-time market data, expert commentaries, and educational resources, keeping investors informed about market trends and developments.
The website features live metal prices, customizable charts, and an online shopping interface for purchasing bullion products. It also offers mobile applications for iOS and Android devices, which provide investors with real-time metal prices, market news, and access to its online trading platform.
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Kitco Recent Reviews
Kitco lost a very large wire payment I made about 2008. Eventually they found it after about a month and repeated inquiries, but the loss of such a large bank wire does not reflect well on Kitco. How does a bank wire get lost? If the payment had been a paper check or credit card, the order & payment could simply have been canceled, but order was too large for a check or credit card. The bank wire was withdrawn from my bank account and it took Kitco a month to locate it. Kitco now reports on crypto currencies, with indicates little knowledge in the crypto market and little faith in the bullion market.
I purchased three 1 oz Pamp Suisse Rhodium bars from them, and I went back to sell them, and they would not buy it back. I was told they would buy them back when I bought them. https://www.youtube.com/c/AnthonyFrisone
I have bought and sold to Kitco going back to 2009.I have never had a problem with them. Prices are not the lowest but paying a little more for peace of mind does not bother me.
I would consider buying something from this establishment, but a $1000 minimum order is ridiculous. Then to top it off, you will pay shipping until you reach a $5000 threshold. How do they even stay in business? Their inventory is weak and their prices aren't seductive enough to even spend $1000.
Agree with lowballing. They'll only buy silver rounds at regular price (spot minus 25 cents) if they resell them, which means very few. Otherwise, they try buying silver rounds as "generic" scrap, paying more than a dollar an ounce less, supposedly because they're going to melt them. C'mon - Kitco just happens to sell generic groups (grab bags) of silver rounds - so... perhaps they're playing the game of buying nice rounds for lowball prices, then selling them at high markups?? I ended up not selling my rounds - I can sell on eBay and keep that dollar an ounce for myself, even after all fees - and I denied Kitco the opportunity to make a larger profit than they deserve.
The biggest problem I have with Kitco is that they try so hard to put up a false image of giving a crap when all they really want to do is drain you pocketbook. Check their buyback prices, lowballing takes on a whole new meaning with Kitco. Somebody take this trash company to the curb already.
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