Average
143 reviews
Colonial Metals GroupHonesty, pricing, process and quality scores appear once 5 customers have rated them.
Clients choose Colonial Metals Group because we provide a safe and efficient retirement plan that optimizes their assets and savings. Regardless of your circumstances, you can invest in precious metals by using Colonial’s knowledge. To put it simply, we are specialists in the markets for gold and silver. We assist you in exceeding your objectives.“Secure your life’s work. Let Colonial Metals Group experts help protect your financial future.”
Colonial Metals Group (colonialmetalsgroup.com) has 143 customer reviews on Rated Honest, with an average rating of 3.3 out of 5.
143 approved reviews, newest moderated first
Laurie W.
Posted
I cannot get anyone at the company to call me back. I invested over $88,000 with them July 2025 and have never received my metals. I worked with Steven Paige, Joe Shimko, Jasmine Carrera, Maria Hernandez, Alan Fulton,
James
Posted
They don't return phone calls.
Sharon Z.
Posted
I would give these people zero stars if I could. My sister sent her life's savings to these crooks. First off they charged her over double for the gold (Invoice showed gold was selling for $3320 an ounce, they charged her $7192 an ounce), but taking over half her money wasn't enough, the gold never showed up at her Equity Trust IRA account. Phone calls go unanswered, the lawyers for Colonial Metals are doing nothing, Equity Trust doesn't return phone call either. DO NOT INVEST WITH THESE CROOKS!!
Reyna M.
Posted
Do not do business with this company. They cashed my $40,000 check then went dark. I never received my metal and the company doesn't answer calls or emails. I'm not the only senior citizen who has lost tens of thousands to Colonial Metals Group. Stay away! They will take your money!
Robert W.
Posted
I too have been scammed by these criminals. I was sent the complimentary silver coins, but that doesn't make things right. It was an expensive lesson learned. I should've taken my chances with the economy! In june oof 2025 I also received a letter from Equity Trust stating they never received the gold and had severed ties with CMG. I also received a letter a few weeks later from the law office of Hitzke&Ferran saying they are taking over operations for CMG. after many phone calls to their office and only talking to one of their para legals, the only answer i could get from him was (it should be any day now) severaql times. I finally sent a teething email and demand notice that I wanted my money back, all I get now is voice mail.seems this law firm is on the downlow also. DO NOT DO BUSINESS WITH EITHER OF THESE PEOPLE
Dustin
Posted
***DO NOT PURCHASE FROM COLONIAL METALS GROUP*** In April of 2024 I reached out to Colonial Metals Group after seeing their CEO, Paul Stone, on a popular Youtube show. He made a great argument for investing in precious metals, so I called them directly to look into purchasing some precious metals in order to diversify my portfolio. I made it very clear to the salesmen I spoke with that I was a total novice in the precious metals world and that I was relying on their expertise to help me make the right decision on the items I was going to purchase. I decided to open a cash account as well as rollover my ETRADE Traditional IRA to a Self Directed IRA for precious metals. On my cash purchase, I was charged a premium of 125.44% above the spot price of gold and 131.13% above the spot price of silver. On my IRA purchase, I was charged a premium of 71.00% above the spot price of gold and 46.69% above the spot price of silver. In total, across both transactions, I was overcharged $101,112.07 in excessive premiums above and beyond what any reputable bullion dealer would have charged for comparable products. These are products that I purchased based on the advice given to me by Colonial Metals representatives, and I was assured these are “better for me in the long run” and that they had “significant tax advantages” over regular American Eagles. Since my purchase, Gold spot has more than doubled and Silver has nearly tripled, but my market value on the coins I purchased is at or slightly below what I paid two years ago. When I reached out to CMG directly, they did not get back to me. I was able to get ahold of one freelance rep on his personal cell phone who pawned me off to another CMG rep, who then had someone from a totally different company reach out to me with pricing on buying the overpriced metals. I was offered slightly under spot for coins I purchased at a huge premium. The bottom line is this: I did not receive the benefit of the market performance I was entitled to, solely based on the advice given to me by representatives of Colonial Metals Group, and the financial harm is both measurable and significant.
Donna
Posted
They are scammers. My dad’s wired them $100,000 to purchase gold and metals. It’s been over a year, nothing. They don’t answer the phone and never call you back. Their office in Miami isn’t even real, a ghost location. We have filed many reports with agencies. So far no results. Paul Stone is the founder, he must be stopped!
RICHIEZ
Posted
Colonial Metals Group are scam artists and scumbags. They capitalized on the "buy gold" frenzy, took many people's money (including $19,000 from my IRA) and disappeared into the night -- never delivered the metals to the repository. They should be hung! My $19,000 is nothing compared to the dozens, maybe hundreds of other stories I've heard and read. Even the law firm Hitzke Ferran that allegedly is helping them is hiding its head in the sand. Why wouldn't the attorney just fess up and just tell everybody that they are not representing the criminals over at Colonial Metals Group??? I have placed multiple calls on multiple different days to both Colonial and Hitzke Ferran. No responses! In the meantime gold has almost doubled in price. These jokers have hundreds of thousands of dollars in their bank for which they delivered NOTHING! God help these jerkoffs.
