June 28, 2010
NIA 'Gold and Silver Seller Reviews' Update
The National Inflation Association is pleased to announce the release of its first ever update to its unbiased reviews of the major online sellers of gold and silver bullion. NIA's 'Gold and Silver Seller Reviews' feature was originally launched on January 14th and has become widely recognized in the industry as the premiere spot for precious metals investors to become educated about how online gold and silver coin and bullion dealers are rated in the categories of pricing, selection, shipping/processing, customer experience, and overall.
The online gold and silver seller industry is one of the most rapidly growing in the world today. NIA is dedicated to ensuring that Americans get the most real money for their fiat money when making the most important investment decision of their lives. NIA believes it's important for Americans to receive their precious metals in a timely manner, as hyperinflation in the U.S. can literally break out overnight due to an unforeseen event taking place in one of our creditor nations.
NIA has decided to award Gainesville Coins with our "NIA 2010 Best Bullion Award". Gainesville Coins is the highest rated company in our review with prices for precious metals that are the lowest out of all the companies in our review. Gainesville Coins had already earned a perfect 5 stars in all categories in our original review, but they have somehow managed to improve their site by adding precious metal spot prices as well as new "Deals of the Week", "Featured", "New Arrivals", and "Top Sellers" features. NIA members who make a purchase on Gainesville Coins can now receive an automatic $5 discount on their order by applying the following coupon code in their shopping cart: 'NIAUS' (NIA does NOT earn any kind of a referral fee).
NIA has added three new companies to its review: Austin Rare Coins, Monarch Precious Metals, and Northwest Territorial Mint. NIA has also updated the reviews of previously reviewed companies. NIA's next update to its review will be released later this summer. NIA plans to soon implement a new feature that will allow its members to submit new companies for NIA to review. NIA members will also be able to submit complaints about companies that should be avoided.
First Majestic is the most improved company in our review. We upgraded First Majestic's shipping/processing rating by 3 stars to 4 stars because the company has improved their shipping times with orders now typically shipping within 2 to 3 business days following the receipt of payment. We upgraded First Majestic's customer experience rating by 2 stars to 4 stars because they have greatly improved their ordering system with a new high tech shopping cart that automatically calculates shipping costs and accepts credit cards for payment. We upgraded First Majestic's overall rating by 1 1/2 stars to 4 stars.
We downgraded Blanchard's pricing rating by 1/2 star to 2 1/2 stars because their price difference over Gainesville Coins rose by $16.04 for a gold Canadian Maple Leaf and $13.82 for a gold South African Kruggerand. We downgraded Blanchard's customer experience rating by 1/2 star to 1 1/2 stars because we received complaints from NIA members about the company.
We upgraded Golden Eagle Coins' selection rating by 1 star to 4 stars because the company now has a bigger selection of coins for sale and a larger percentage of their products are now in stock. We upgraded Gold Eagle Coins' overall rating by 1/2 star to 4 stars.
We upgraded Goldline's pricing rating by 1 star to 2 stars because their price of a gold American Eagle is now $72.10 higher than Gainesville Coins, down from being $150 more than Gainesville Coins at the time of our original review.
We downgraded Kitco's pricing rating by 1 star to 2 1/2 stars because their price difference over Gainesville Coins rose by $8.29 for a gold American Eagle, $11.27 for a gold Canadian Maple Leaf and $8.08 for a gold South African Kruggerand. We downgraded Kitco's overall rating by 1/2 star to 3 1/2 stars.
We downgraded Lear Capital's pricing rating by 1/2 star to 4 stars because they no longer have the lowest prices for a gold Canadian Maple Leaf or a gold South African Kruggerand. Lear Capital's prices are now $15.81 higher than Gainesville Coins for both a gold Canadian Maple Leaf and a gold South African Kruggerand.
We downgraded Rosland Capital's pricing rating by 1/2 star to 3 1/2 stars because their price difference over Gainesville Coins rose by $15.49 for a gold Canadian Maple Leaf and $15.32 for a gold South African Kruggerand. We upgraded Rosland Capital's selection rating by 1 star to 2 stars because they now offer a gold American Eagle coin. We upgraded Rosland Capital's shipping/processing rating by 1 1/2 stars to 2 1/2 stars and their customer experience rating by 1 star to 2 stars because they now clearly state their order policy and how payment may be made only by check. We upgraded Rosland Capital's overall rating by 1 1/2 stars to 2 1/2 stars.
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