Cornerstone Bullion is a Colorado-based precious metals dealer founded by Chad Roach. It also provides Gold IRAs to investors and trades gold and silver coins.
This company utilizes multiple unethical business tactics to promote itself and gain investors.
Before you invest with them and risk your hard-earned money, it would be best to read what they do and offer.
About Cornerstone Bullion
Cornerstone Bullion is a precious metals supplier, particularly gold and silver coins and bars. Chad Roach founded this company in 2008.
According to their website and BBB profile, Cornerstone Bullion is based in Castle Rock, Colorado, and operates as a Gold IRA firm.
This precious metals dealer’s contact number is 800-558-4671, and their website is cornerstonebullion.com. They are at PO Box 1043, Castle Rock, CO 80104-1043.
If you notice, PO Box 1043, Castle Rock, is a mailing address and should not be used as an official address of a precious metal company.
Cornerstone Bullion is hiding its actual office address, or maybe it does not have a physical office in the USA at all.
The Arvada, CO, is simply a city address and provides no information on the actual office location. This is a big red flag.
Their inventory focuses on investment-grade precious metals products for self-directed IRAs or portfolios.
However, they don’t share pricing information anywhere, so you’ll have to contact the firm to find out about their prices.
The custodians of Cornerstone Bullion include The Kingdom Trust Company, The Entrust Group, New Direction IRA, and GoldStar Trust Company.
This precious metal dealer offers Idaho Armored Vaults, the Delaware Depository, and Dakota Depository vault storage options. Their inventory includes gold, silver, palladium, and platinum coins and bars.
Some of their offered products are the Gold American Eagle, Silver American Eagle, Gold Austrian Philharmonic, Canadian Platinum Maple Leaf, Gold Canadian Maple Leaf, and Platinum American Eagle.
While this company might seem like a simple dealer of gold and silver coins, several red flags suggest it might not be worth the risk.
The company maintains a suspicious online presence and, even after operating for nearly 12 years, hasn’t received a single complaint on any forum.
It’s not impossible to run a company and receive 0 complaints, but it isn’t very likely.
Moreover, this firm doesn’t have a profile on major review platforms like Trustpilot, Sitejabber, and Reviews.io.
These third-party review platforms can not be controlled and are very strict against negative review removal options.
Before we discuss how this company might be unsafe for investors, let’s talk about its eccentric owner, Chad Roach:
Chad Roach: The Man Behind Cornerstone Bullion
Chad Roach is the founder of Navitas Global, Cornerstone Bullion, Cornerstone Capital, and Living Water Car Wash(Sold and forced sell?), where he currently works full-time.
Yet again, Chad has gotten himself into unskillful ventures, Navitas Global, to develop world-class data centers. This job requires an extensive skill set, which he lacks, yet he has jumped in anyway.
Position | Company | Tenure | Location | Description |
---|---|---|---|---|
Managing Partner | Navitas Global | Dec 2021 – Present (2 yrs, 5 mos) | Silicon Valley, California, USA | Develops world-class data center facilities in North America and Europe. |
Founder | Cornerstone Capital | Jan 2014 – Present (10 yrs, 4 mos) | Denver Metropolitan Area | A highly energetic real estate development company. |
President & Founder | Cornerstone Bullion | Oct 2008 – Present (15 yrs, 7 mos) | Castle Rock, CO | An international discipleship organization supporting Christian families, it aims to pass on the faith through family, discipleship, and education. |
Founder and President | Integrity Payment Services | Oct 2005 – Present (18 yrs, 7 mos) | Parker, CO | A failed credit card payment solution? |
Board Member and Development Director | Generations.org | Sep 2005 – Present (18 yrs, 8 mos) | Parker, CO | An international discipleship organization supporting Christian families. Aims to pass on the faith through family, discipleship, and education. |
CEO | Living Water Car Wash | Apr 2017 – Nov 2021 (4 yrs, 8 mos) | Denver Metropolitan Area | Managed an express exterior car wash chain, sold 12 locations to Cobblestone Auto Spa in Nov 2021. |
Board Member | WCM Global Wealth, LLC | Feb 2012 – Feb 2018 (6 yrs, 1 mo) | Greenville, South Carolina Area | Delivered full-service money management and planning, focusing on independence, hard work, transparency, and excellence. Managed money as if it was their own. |
Before founding Cornerstone Bullion, he founded Integrity Payment Services, a credit card processing service.
While he didn’t have much experience in the precious metal industry before starting this company, he certainly has a knack for sales and finance.
He might seem like a simple entrepreneur, but Chad Roach doesn’t hesitate to use unethical business practices to promote his companies.
I’ll discuss this further in the next section of my Cornerstone Bullion review.
Cornerstone Bullion Has No Neutral, Critical and Negative Reviews
You won’t find much information online when you Google the name of this gold and silver dealer. However, you’ll find several positive reviews of this firm on a few unknown websites.
For example, they have 55 plus 5-star reviews on Gold Dealer Reviews. However, that website only has the profiles of several precious metal dealers, and they all have 5-star ratings.
The owner of that website has a bullion company of their own.
They don’t have any reviews on reputed third-party websites such as Facebook or Yelp. For a bullion dealer that sells online, this seems awfully suspicious.
Shady companies tend to use such tactics to mislead consumers and seem like legitimate enterprises. Note that Cornerstone Bullion has been operating for over a decade and no single complaint is available online.
Obviously, this firm is using illicit tactics to silence disgruntled clients, which is probably why it doesn’t have any reviews on Facebook or Trustpilot.
These platforms don’t allow scammers to post fake reviews and have systems in place to prevent any manipulation of their forums.
Websites like Trustlink and “Gold Dealer Reviews” are too small to have such systems in place.
Most of the reviews that praise this website are from throwaway accounts, aka fake profiles.
Josh, who is 6, gives Cornerstone Bullion a 5-out-of-5-star review. This profile hasn’t posted any other reviews on the platform except for the 5-star review for Chad Roach’s company.
Cornerstone Bullion is doing the same. That’s why it avoids creating a profile on legitimate platforms and uses unknown websites with fake reviews to appear legitimate.
Cornerstone Bullion BBB Accreditation
Apart from posting fake reviews on different platforms, Cornerstone Bullion also has an accredited profile on BBB.
To get BBB accreditation, a business pays an annual fee that goes up to $10,000 to the review platform.
Because of its paid profile, Cornerstone Bullion enjoys a stellar A++ rating on BBB.
CNN Money has performed a detailed investigation into this matter. They found that scammers and criminals had A and higher ratings on BBB simply because their profile was BBB accredited.
This is a highly unethical practice; sadly, nothing is being done about it.
Very few consumers know that businesses can have a stellar BBB profile by paying thousands of dollars to the platform. Shady enterprises take advantage of this fact and mislead consumers.
Obviously, Cornerstone Bullion is among those shady enterprises.
Cornerstone Bullion Review: Conclusion
Cornerstone Bullion is a precious metal dealer that posts fake reviews to promote itself. It uses unethical business practices to manipulate investors and tries to seem better than it is.
Luckily, there are plenty of bullion dealers in the industry, so you don’t have to choose such a terrible option.
Cornerstone Bullion
Cornerstone Bullion, founded by Chad Roach, is accused of unethical business practices including posting fake reviews to boost its reputation. The company does not provide clear pricing information or a physical office address, raising concerns about transparency. The precious metal dealer has A++ rating from the Better Business Bureau (BBB) is questioned due to allegations that ratings can be influenced by paid accreditation.
2.5
Pros
- Networking seems awesome
Cons
- Founder's Background
- Suspicious Online Presence
- Fraudulent BBB Accreditation
- Lack of Transparency
But who are you, Lauren Casper? Why should we believe or trust you? For example, you have not provided verifiable premises to support your claim that Cornerstone Bullion “posts fake reviews to promote itself.” You make inferences based on very limited data that you present to your readers. I’m having difficulty trusting your claims.
Bob
As an activist, I recognize what is fake and what is legitimate. This is a clear case of manipulating buying sentiment leading to fraud. Sooner or later, you will see how Chad Roach or his company goes bankrupt or gets sued. I am also applying to reputable magazines as an investigative reporter, and you will soon see this type of expose turn into a whistleblower case.
Thanks.