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Goldco Review

Updated June 2022

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Goldco Review – A Detailed Look

If you are looking to strengthen your portfolio through metals investments, you should consider partnering with Goldco, which is one of the leading gold ira companies that focus mainly on precious metals investments and specializes in precious metal IRAs.

In this Goldco review, I will explain how Goldco spends a lot of time and effort to ensure you have all the information you need before making any decision. They also provide a lot of educational material on their website, to answer all the questions you may have. It is clear from the high volume of reviews they have from their customers that they perform to a high standard.

Key Features
  • Endorsed by Sean Hannity
  • Low set up fee and yearly cost
  • A+ with Better Business Bureau 4.88/5 from their customer
  • Great feedback from customers
  • Business Consumer Alliance: AAA Rated
  • Trustpilot score of 4.7/5 from over 600 customers
Downside
  • $25,000 Minimum Investment in Gold IRA
  • Only offer Gold & Silver, not other metals

Who Are Goldco?

Goldco is a precious metals company that has been in operation for well over a decade and was founded back in 2006 by Trevor Gerszt and is based in Woodland Hills, California. Goldco provides self-directed precious metal IRAs funded by gold and silver, as opposed to traditional investments in bonds or stocks.

goldco website screenshot

Why Invest With Goldco?

Goldco offers its clients retirement accounts, which are backed by physical precious metals and not paper assets to help them avoid market crashes such as the one that happened in 2008. Goldco provides a number of reasons why investors should consider investing in physical metals, which include

Rollover Ease:

You might be surprised at just how easy and effortless it is to transfer your existing retirement funds into a self directed IRA. The Goldco team certainly makes it a transparent and simplified process, as they answer any questions you have at every step of the process.

–Tax Benefits:

Precious metal investments in IRAs, just like regular IRAs offer users the ability to accrue gains without tax obligations.

– Stability

The supply of metals such as gold and silver increases by only a minuscule amount each year, which means that there’s little risk of inflation. In contrast, the average inflation rate associated with fiat currencies is about 2 to 3 percent annually.

Investment/Portfolio Diversification:

Investing in gold ira or silver ira can protect against default risk, currency risk, monetary crises, geographic risk, currency risk, and even inflation. If you are close to retirement, this security is a luxury that other asset classes simply don’t offer.

–Wealth Appreciation:

The price of gold and silver has increased consistently over the years despite the stability of their supply. In fact, gold has managed to outpace the stock market for almost half a century.

Asset Diversification:

Diversifying your assets, and in particular, your retirement portfolio can help you manage risk and reduce the potential market volatility.

Taking into account your own personal circumstances, investing in various metals, such as gold and silver by rolling over your traditional and Roth IRAs may be a good way for you to diversify, but you need of course to take the relevant advice from professionals before making such a decision.

Speaking with a Goldco ira specialist is a good start, but again, make sure you are comfortable purchasing metals and rolling them over into precious metals IRAs. You never want to transfer all your funds from your traditional retirement accounts, into any one investment vehicle, let alone a Gold IRA or Silver IRA.

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Goldco Services and Products

Goldco offers its customers a wide selection of products and services, which include the following:

I. Cash Sales of Precious Metals

Goldco can help you identify the gold and silver coins or bullion that are right for you, help you buy them at competitive prices, and arrange secure and insured delivery of the same to either a secure vault or your home. Storage and delivery are usually free. However, sales are limited to the U.S. and no international sales are available.

II. Self Directed IRA

Goldco is one of the leading gold ira companies and can help you purchase IRS-approved bullion and coins to be included in your Precious Metals self directed IRA and coordinates these purchases with the custodian and storage facility of your choosing. The company will also help you roll over your existing retirement account into a Precious Metals IRA. The two most popular Precious Metals IRAs offered are:

– Gold IRA

A gold IRA is an Individual Retirement Account, which holds physical gold for the account owner. It shares many similarities with a Traditional IRA with the key difference being that it holds precious metals as opposed to paper assets. Goldco provides its customers with information on opening a Gold IRA, including with metals to invest in.

– Silver IRA:

A silver IRA is very similar to a Gold IRA with the key difference being that it uses silver for wealth storage. A key benefit of choosing silver over gold ira is that it is known to make larger percentage gains in price compared to gold. It can be more attractive to investors looking to grow their wealth. If you aren’t sure of how to start a Silver IRA, Goldco will give you tips on how to get started, what coins are acceptable, and much more.

III. Cryptocurrency IRAs

Goldco works in conjunction with its sister company CoinIRA to help you identify which digital currencies are suitable for you and set up a Crypto IRA if you wish to use it as a means of investing in cryptocurrency. However, the company doesn’t offer the option of combining precious metals and cryptocurrencies in the same IRA.

IV. Traditional IRA and Roth IRA Planning

Goldco gives you the resources and knowledge base comparing a Traditional IRA and a Roth IRA and ill help you get them rolled over into your Precious Metals IRA. Such high-quality information regarding IRAs isn’t easy to find online and the company shines in this regard.

V. SEP-IRA Planning

A Simplified Employee Pension (SEP) IRA is a type of plan that’s provided by financial institutions for business owners to provide themselves along with their employees with retirement benefits. If you need clarification when it comes to SEP IRAs, Goldco provides information on things such as contribution limits and eligibility requirements.

VI. Simple IRA Planning

A Savings Incentive Match Plan for Employees (SIMPLE) IRA is a plan that allows both employers and employees to contribute to regular IRAs that are set up for employees. It is best used as a start-up retirement savings plan for the small employers that are currently not sponsoring a retirement plan. Goldco explains how to open a Simple IRA along with how the rules work for a precious metals ira.

Sean Hannity Endorsing Goldco Advert

How Does Goldco Approach Precious Metals IRA Investing?

Investing in a precious metals IRA is remarkably different from buying paper assets via a brokerage account. Here is a brief breakdown of the process:

Step 1: Account Opening

To get started with your precious metals ira investing via Goldco, you first need to get in touch with the customer support team to schedule a call with one of the sales representatives who will help you get started with setting up your account.

Step 2: Funds Transfer

Once you have set up your account, it is now time to get it funded. Rollover part or all your current retirement account funds into your newly established >Goldco Precious Metals IRA. You will need at least $25,000 to open your account.

Step 3: Metal Selection

The next step is to choose the bars and coins that you would like to add to your IRA from Goldco’s catalog. While the IRS strictly regulates the bars and coins that can be added to IRAs, you don’t have to worry about this requirement since Goldco only offers IRS-compliant bars and coins.

Step 4: Storage

The final step is to place your order to have your precious metals shipped to any one of the 6 of partner depository locations for safe storage. When you are ready to cash out, you have the option of selling the metals back to Goldco or a third-party dealer.

Note: Any precious metals that you add to your account must be purchased through Goldco. You cannot add any silver, gold, or any other precious metals you already own to your Goldco account.

What Precious Metals Can You Add To A Goldco Precious Metals IRA?

GOLD

Gold IRAs are not allowed to have numismatic or graded coins within, only approved gold IRA coins or bullion. Whatever type of gold you add to your gold IRA must be approved by the IRS. When setting up your Goldcogold IRA, your account executive will present you with the various options in eligible coins.

The gold coins that you can add to your Goldco

  • Gold American Eagle coin, Gold American Eagle Proof coin, Gold American Bald Eagle coin, Gold Freedom coin, Gold Buffalo coin, Gold Maple Leaf coin, Gold Lucky Dragon coin, Gold Australian Saltwater Crocodile coin, Royal Mint Gold Lunar coins.

 

For a silver IRA, if you are looking to add silver to an existing ira, then Goldco has a good selection of silver coins.The following silver bullion coins are available from Goldco direct for adding to your Goldco precious metals ira:

  • 1 oz Silver Dragon coin, 1oz American Eagle coin, 1/2oz Silver Freedom coin, 1oz Canadian Maple Leaf coin, 1/2oz Australian Saltwater Crocodile coin, 1oz Lucky Dragon coin, 2oz World War 1 silver coin, 2oz World War II Victory coin, 2oz American Bald Eagle coin, Royal Mint Silver Britannia Lunar coin

You can also add silver bars with a purity of 0.9999 and they come in the following sizes for you to choose from 1, oz, 5 oz, 10 oz, and 100 oz.

With Goldco the metals options are limited. Whereas other companies allow investment in gold silver platinum and palladium, gold and silver are the only options for investment

  • Are You a Good Match With Goldco?

    Goldco is a great investment vehicle for many different people. If any of the descriptions below apply to you, then you could be a good fit:

    You want to invest in physical precious metals

    Investing in a company via shares exposes you to the real and serious risk of losing your investment if they ever go into the red and close their doors. With silver and gold, however, there’s no such risk since they generally hold their value rather well. Your portfolio will always be perked up by precious metals. It definitely won’t do you any harm.

    You Don’t Want to be Hurt by Stock Market Fluctuations

    It can be rather unnerving to follow the stock market. It is due to this reason that metals such as gold silver platinum and palladium are such a great investment. They usually rise in value even when other types of investments fall. So, if you are looking to avoid any uncertainties associated with the stock market, you should seriously consider investing in gold and silver via Goldco.

    • You Are Approaching Retirement Age

    It might be hard to come by a stress-free retirement if the economy goes through another severe recession. Unfortunately, a recession seems almost inevitable in the coming years. So, whether you are retired or just about to, having precious metals in your retirement savings ira can be an excellent way to bring equilibrium to your assets.

    Goldco Reviews And Complaints

    When it comes to doing business with any company, it is always good to see what previous customers have said about their experience. I looked at a number of the leading review sites and this is what I found, that confirms my Goldco review.

    At consumneraffairs.com they have a score of 4.8/5 from 693  customer reviews as of 2nd June 2022

    goldco consumer affairs reviews

    On Trustpilot also as of 2nd June 2022, they have a score of 4.7/5 from 697 reviews.

    goldco trustpilot revew score

    On the Better Business Bureau as of 2nd June 2022, they have a score of 4.86/5 from 285 customer reviews.

    goldco better business bureau score

    The complaints I saw across these sites were few, but nonetheless important, especially to the people who made them. The majority were related to communication issues, which Goldco worked on resolving.

    If working with a company that has not had any complaints is important to you, then you should check out other gold ira companies such as Augusta Precious Metals, which has had zero complaints since its inception in 2012

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    Goldco Fees

    Fees for Precious Metals IRAs

    If you are looking to set up a Precious Metals IRA with Goldco, you will be faced with a few one-time fees. The initial setup fee for your IRA is $50 while the wire fee for the initial transfer costs $30. You will also be required to pay an annual maintenance fee of $80.

    Storage fees for precious metals are $100 for non-segregated storage and $150 for segregated storage. If you choose non-segregated storage, you will pay just $260 in total fees for the first year. If you choose segregated storage, you will have to pay $50 more, which will be $310 for the year.

    Fees for Non-IRA Transactions

    If you are looking to purchase your precious metals outside of an IRA, it is possible to do so via Goldco for no more than the cost of the asset itself. You won’t be required to pay any fees for setup, maintenance, or even storage. Shipping fees, however, are still applicable.

    What Makes Goldco Unique

    Goldco is an attractive option for many precious metals investors for a variety of reasons, which include the following:

    Special Offers for New Customers

    Goldco offers new customers 2 offers to consider:

    – Waiving of fees for the first year if you have an account with $50,000 or more

    – 5 percent refund in metals for qualified orders of $50,000 or more

    Simply put, if you have an account with $50,000 or more, you could get $2,500 in metals thus saving as much as $320.

    Exceptional Customer Service

    The greatest goal of Goldco is to do right by its customers. If you want to buy precious metals or invest in a precious metals IRA, Goldco’s customer service team does a great job of providing the necessary assistance throughout the process. The company doesn’t use aggressive sales techniques.

    Great Education Resources

    If you want to learn more about how precious metals work as an investment, you can find all that information in the education center integrated into the Goldco website. You will find a very comprehensive blog that covers many essential concepts. The company also provides information, tips, and advice regarding investing in precious metals via video format.

    Buyback Program

    If you need to raise money and don’t know what to do with your precious metals, Goldco has a great buyback program. The great thing about Goldco’s buyback program is that you will often get a much better rate than other dealers online. While you have the option of selling your precious metals to any business you like, it is generally much easier and rewarding to stick with Goldco.

    Low Fees

    Goldco’s fees are very affordable and allow you to hold onto your money as opposed to putting it all on metals. If you start a precious metals IRA, you can expect to pay at least $260 in fees for the first year and $180 annually for subsequent years. If you don’t start an IRA, you basically won’t pay anything in fees. It is actually possible to have your metals stored completely free, which isn’t the case with many other precious metals firms.

    Advanced and Secure Storage

    Storage for your precious metals ira has to be properly accredited due to the IRS guidelines. The storage agencies that Goldco works with are some of the best in the industry and all use sophisticated, modern techniques to keep your items safe.

    My Final Verdict on Goldco

    Goldco is the company to work with if you are looking to invest in precious metals. The company genuinely seems to care about its investors. It is even quite easy to do things such as setting up your account. If you don’t wish to invest in an IRA, you will be working with an account executive who will work hard to ensure that you get your metals without delay.

    If you want to boost your investment portfolio or simply want to introduce precious metals into your assets, then you should seriously consider partnering with Goldco.

    Claim Your FREE GoldCo Info Guide

Goldco Review Score

Summary

Goldco is fast gaining the reputation as one of the best gold ira companies around. This is due to their dedication to providing high-quality service to all of their clients, as well as educating potential clients as to whether a gold IRA is right for them. When you look at their various reviews across the internet at places such as the BBB the Business Consumer Alliance where they have a AAA  score, and Trustpilot where they have a rating of excellent, it is obvious that this is a company that highly values its clients.

Overall
96%
96%
  • Fees - 96%
    96%
  • Scores on the likes of BBB BCA and Truslink - 93%
    93%
  • Customer Service - 98%
    98%
  • Education - 97%
    97%
  • Ease of Purchase - - 98%
    98%
Written by
Nathan Tarrant

Nathan has worked in financial services, marketing, and strategic business growth for over 30 years, as well as working in internet marketing since 1998.

In 2008 after the financial crash, Nathan operated as a financial & investment advisor to delegates of the United Nations, the World Health Organization, and senior managers of Fortune 500 companies in Geneva Switzerland.

He started Gold Trends as he enjoys working with alternative investments, having advised on them in the past.

Please note: Nathan is no longer a financial or investment advisor. The information he shares on this site is purely for education and information purposes only. You can read more on the About page

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Written by Nathan Tarrant