Blanchard Gold Information

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Company Name: Blanchard Gold

Website: https://www.blanchardgold.com/

Founded: 1975

Owners: Donald W. Doyle, JR. (Chairman & CEO), Michael E. McGoey (President & COO)

BBB: http://www.bbb.org/new-orleans/business-reviews/investment-advisory-service/blanchard-company-inc-in-new-orleans-la-21689/

BBB Rating: A+

BCA: http://www.businessconsumeralliance.org/report/blanchard-and-company-inc-13146711

BCA Rating: BBB

Trustlink: http://www.trustlink.org/Reviews/Blanchard-and-Company-Inc-205814040

Trustlink Star Rating: 1/5

History:

  • 14 complaints on BBB

  • A complaint from the BBB 5/23/2013: “On 3/6/13 I ordered $25,000 of gold and silver. At the time I ordered, Sales person *** ******** clearly said that he had the products in stock and that it would ship by the following Fri or Mon at the latest. The company policy is 4-6wks from time of payment. Policy also is that the order will placed the day payment is received. Full payment was given the day I ordered (3/6). I received half of the shipment at approx 5wks. As of this time, I still have not received the other half. It’s been oven 10 wks. Mr ******** has changed the story as to why I have not received the remainder of the order a few times. He has refused to reimburse the remainder of the order which totals almost $12,000.”

  • Complaint from Trustlink 7/18/2014: “BLANCHARD AND COMPANY CHARGES EXCESSIVE FEES AND COMMISSIONS. DO NOT BUY INTO THEIR SALES TO PURCHASE RARE COINS. ITS REALLY A WAY TO CHARGE EXCESSIVE FEES AND COMMISIONS. IF YOU ARE PLANNING TO PURCHASE GOLD, STICK TO BUYING BULLION AND DO YOUR HOMEWORK
    AND CHECK OTHER SITES. DO NOT BUY THEIR GOLD COINS! THE COINS WILL HAVE A HUGE MARKUP OVER SPOT BUT THEY REALLY HAVE VERY LITTLE VALUE OVER THE SPOT PRICE. BUYER BEWARE. THEY ARE ON THE BORDER OF FRAUDULENT.”

Lawsuits: