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Goldco Review - Is It a Reputable Gold IRA Company?

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Goldco Precious Metals company is a renowned precious metals firm specializing in precious metals-funded IRAs (Individual Retirement Accounts). The company has made a name for itself for its service transparency, low yearly rates, and excellent customer service.

The company has won numerous prestigious awards and is considered one of the leading firms for precious metals investments. But is it as good as people claim? In short, yes. But there’s much more to it than meets the eye, and that is why I decided to test the broker myself and write the following Goldco review.

Let’s get straight to it and learn what makes Goldco one of the best IRA precious metals brokers in the industry.

Best Customer Support

Highlights:

  • Endorsed by Sean Hannity
  • A+ by the Better Business Bureau
  • 1,000’s of 5-star customer reviews
  • Ranked #1 for pricing

Overall Rating 4.5/5

Fees

Investment Options

Ease of Use

Customer Service

Learn More

Pros & Cons

If you’re unsure about companies that will handle your retirement investments seriously and are looking for a tried and tested source, I think Goldco is one of the best options available. Let me start by telling you some of my favorite Goldco features.

Pros

  • Over a decade of experience handling Gold IRA accounts
  • Low yearly fees
  • Exclusive new-client promotions
  • Outstanding customer service

Cons

  • Online account setup is not supported.
  • Initial IRA deposit of is $25,000.

Why Invest in Precious Metals?

Are you looking for a secure and reliable way to utilize your retirement investments? Saving bonds, stocks, and mutual funds are the most popular options among investors. The problem is that these are high-risk commodities due to dollar dependence.

That said, we aren’t surprised that the ever-fluctuating stock market gives you second thoughts.

Well, how about investing in precious metals? Why? Because precious metals’ value, including gold and silver, remains unaffected even after a stock market crash.

Another query you might have is which brokerage services to choose. Well, here’s where Goldco comes in. It’s a tried and tested source for investing in precious metal IRAs, and as I will uncover in a moment, it’s one of the best options around.

Quick Summary

Account Minimum: $25,000

Fees: $175-$225/year

Promotion: Up to $10,000 in Free Silver

Free Gold Guide

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About Goldco Precious Metals Goldco Precious Metals IRA Services Goldco Fees & Minimum Investment Who is Goldco Best For? Goldco Reviews & 3rd Party Ratings
Compare To Other Companies Goldco Promotions How to Get Started with Goldco? Final Verdict: Is Goldco Worth It? Goldco FAQs

About Goldco Precious Metals

Founded in 2006 in Woodland Hills, California, by Trevor Gerszt Goldco Direct, LLC is a precious metal firm offering retirement investment solutions. Goldco deals in physical gold, silver, platinum, and palladium, or a combination of these. You can also buy precious metals directly from Goldco.

The company itself is very well established and considered one of the leaders of the IRA precious metals market. Goldco is rated A+ by the Better Business Bureau (BBB) and triple-A by the Business Consumer Alliance (BCA), which further proves its reliability and quality of service.

While Goldco has been around for quite a while now, only recently has the company started to receive the attention it deserves. According to their website, Goldco is now the market leader with over $1 billion in gold and silver placed.

That growth hasn’t gone unnoticed, winning Goldco numerous prestigious awards, including the 2021 and 2022 Stevie Awards for the Company of the Year from the American Business Awards. Goldco has also been featured six times on the Inc 5000 list of Fastest Growing Private Companies.

Goldco Precious Metals IRA Services

Goldco offers several services to its customers. However, the two main Goldco IRA services include precious metal IRAs and direct selling.

Gold and Silver IRAs

A precious metals IRA refers to the possession of gold or silver coins (or other precious metals) for the account holder. It works very similarly to conventional IRAs, only here, precious metals replace paper assets.

As mentioned, Goldco deals primarily in gold and silver IRAs. The primary difference between them is that silver tends to gain a higher market percentage over gold, making it the preferred asset for investors looking to increase their wealth.

Gold IRA Approved Coins

 

Gold ira gold american eagle coin

If you aren’t that familiar with gold IRAs, you should know that not all coins are eligible for gold IRA investment. Each coin needs to meet a minimum fineness requirement of .995.

To ensure that, Goldco works with mints around the globe, sourcing only the top-quality coins, eligible for gold IRA investment. They even provide you with a BuyBack guarantee on your approved gold coins.

That said, let’s take a closer look at some of the IRA-approved gold coins:

  • Gold American Eagle Type 1 & 2
  • Gold Liberty
  • Gold Independence Hall
  • Gold Phoenix
  • Gold Australian Sea Turtle
  • Gold Valor
  • Gold Maple Leaf
  • American Gold Buffalo
  • Gold American Bald Eagle
  • Gold Freedom
  • Gold Freedom and Hope
  • Gold Lucky Dragon

Silver IRA Approved Coins

Silver eagle IRA coin

Like gold IRA-approved coins, silver IRA-approved coins also need to meet a minimum fineness requirement. For silver coins, that fitness requirement stands at .999.

Here are some of the silver IRA-approved coins:

  • Silver American Eagle Type 1 & 2
  • Silver American Bald Eagle
  • Silver Australian Striped Marlin
  • Silver Australian Sea Turtle
  • Silver Lincoln Memorial
  • Silver Liberty
  • Silver Phoenix
  • Silver Valor
  • Silver Maple Leaf

Buying Precious Metals

If you aren’t interested in opening a gold or silver IRA, Goldco also offers its customers a direct purchase option. As I found out, buying non-IRA precious metals with Goldco is very straightforward and, most importantly, 100% safe.

This option is also very flexible, as you can place your precious metal investments in a safety vault or have them delivered to your address. If you purchase precious metals through Goldco, you gain access to the collection of previously mentioned coins, as well as gold and silver bars and the Chuck Norris “Five Principles” coin.

 

Goldco Fees & Minimum Investment

If you’ve read some of my previous reviews, you know how I hate the over-the-top fees many precious metal brokerage services tend to impose. Where does Goldco land in all this? Somewhere in the middle.

Goldco uses the “as low as” approach to making its services affordable for everyone. Both the fees and minimum investment requirements are relatively low, especially when compared to some other brokers I’ve come across.

Here are all the details for precious metals IRAs and non-IRA services with minimum investment requirements.

Precious Metals IRA Fees

First, let’s talk about the precious metals IRA fees. To set up your account, you will be entitled to a one-time fee of $50. You will also need to pay a $30 wire fee. In other words, you will need to prepare $80 before you even register your investment account.

Next, there’s an annual maintenance fee of $80 and a $100 segregated or $150 non-segragated storage fee (also annual). As for the starting price for precious metals IRAs, it’s $260 every year.

If you combine your IRA account with non-segregated storage, you will pay $260 for the first year and then $180 every following year.

If you prefer segregated storage, that’s a $50 extra charge. Your first-year payment will be $310 and then $230 for every other year.

Is it high? That depends on how you look at it. If you’ve never dealt with IRAs before, having to pay several hundred dollars for a trading IRA account might look expensive, but trust me when I say that compared to other brokers, Goldco lands on the low-cost side.

Non-IRA Fees

What I love about Goldco is that it doesn’t charge any one-time or annual maintenance and physical precious metals storage fees. That means you won’t pay a single buck for your non-IRA services. That is not a usual practice among precious metals brokerage services, which further proves the point that Goldo is one of a kind.

Minimum Investment Requirements

Fees are one thing. Another question to ask is how much do you need to start investing? Namely, what are the minimum investment requirements? Once again, I have some good news.

Precious metals IRAs range between $20,000-$25,000. That’s not an excessive amount with numerous other brokerage services charging even twice as much to get started.

Goldco BuyBack Guarantee

Another great advantage of Goldco is its BuyBack Guarantee. Essentially, you will be able to sell your gold and silver IRAs and no-IRAs assets straight to Goldco instead of looking for coin dealers.

First of all, it saves time. And secondly, you can rest assured you get the best price for your assets. I can’t count how many times coin dealers tried to offer me low-ball prices for gold or silver coins. The Goldco’s BuyBack program ensures you always get the highest price.

Additionally, when selling to Goldco, you can take advantage of one of the company’s specialists, who will guide you through the transaction, ensuring everything goes smoothly. Need I say more?

Another thing to have in mind is that Goldco will reimburse the annual storage fee with every $25,000 you invest. Once you pass $100,000 in investment value, you can expect your storage fee to raise, although not by much. Typically, it shouldn’t exceed $225.

That’s a minimum for starting with IRAs, but what about non-IRA services? Wel, these will cost you $3500, which is a great deal, especially with the free storage feature.

Who is Goldco Best For?

At this point of my Goldco review, you might be wondering whether it’s the broker for your precious metals IRA needs. Let’s address that.

Goldco Precious Metals broker is the ideal investment service for the following types of investors.

  • People who prefer tangible assets. Unlike some companies that are at risk and may close down at any moment, precious metals maintain their value. If you’re looking for a reliable, physical investment source, then precious metals are a perfect choice.
  • Don’t want to take the risk of investing in the stock market. Precious metals always have market value and bear no risk to the investor. Even if the stock market fluctuates, precious metals serve as the savior, unlike traditional securities.
  • People looking for the right retirement savings plan. You don’t have to do extensive market research for the perfect investment. Precious metals are your safest bet, unlike unstable stocks, bonds, and mutual funds.
  • People who are about to retire or have reached retirement age. The 2008 recession was a financial disaster, and you never know when it will strike again. The best way to protect your wealth from any financial hardships is to invest in precious metals.

Although the yearly fee is slightly higher than other companies charge, the service you get is of unexceptional quality and great attentiveness to customers’ needs. The ability to store and access metals separately is another useful feature Goldco offers.

If you are looking for a service with an innovative storage facility and a professional customer approach, Goldco won’t let you down.

Goldco Alternatives

Best Customer Support

Goldco

4.5/5

  • Over a decade of experience handling Gold IRA accounts
  • Low yearly fees
  • Exclusive new-client promotions
  • Outstanding customer service
Learn More

Best Pricing

Augusta Precious Metals

4.5/5

  • Joe Montana is a corporate ambassador
  • One-on-one conference
  • Simple account opening process
  • Extraordinary customer service
Learn More

Goldco Reviews & 3rd Party Ratings

If you still aren’t sure whether Goldco might be the best place for appropriate precious metals investments, the number of positive customer reviews and ratings should be more than enough to tip the scales.

That’s because Goldco is among the handful of businesses to receive high trust scores at various review sites.

Goldco has established itself as one of the most trusted companies. The firm received accreditation with BBB in October 2020, with a score of 5 out of 5 stars, based on reviews from 49 clients.

Goldco has scored a five-star rating at Trustlink for service excellence, quality customer service, and business practices. The rating is based on positive reviews from 253 investors.

At Trustpilot, Goldco rates 4.8 out of 5 stars as 561 investors have shared their positive experiences with the company.

Goldco Promotions

It’s not unusual for online brokers to offer promotions and deals to their investors. Goldco isn’t an exception here, offering investors 5% back on precious metals valued at 50k and more. Goldco Goldco also runs other promotions from time to time, offering discounts on some of its services.

How to Get Started with Goldco?

To take advantage of Goldco’s services, you must first create your investment account. Then, you will be required to fund it with a required minimum amount. Once you’re done with all that, all that’s left is purchasing precious metals for your IRA investment.

Opening an Account

Opening an account at Goldco is a walk in the park. Just follow these steps.

  1. To start the user-friendly online application – Visit their website and fill out the form to talk to a customer service representative for information about the account.
  2. If you’re ready, the representative will transfer your call to an IRA Specialist for further processing. You can also book an appointment to talk at your convenience.
  3. The job of the IRA Specialist is to gather all the required information from you, set up your account, and complete the transfer.
  4. When your account has the funds, you’ll be directed to an account executive who will answer any additional questions.

And your work is done. If your chosen precious metals are in stock with Goldco, they’ll be sent to your chosen storage company. If not, it can take between three to four weeks.

Funding the IRA Account

There are several ways to fund your IRA account. The most common solution is to rollover some form of your existing retirement account or 401(k). If you aren’t sure how to do it, one of Goldco’s agents will guide you through the entire process, ensuring it’s smooth and penalty-free.

How do I know that? Well, for starters, I’ve read numerous customer reviews from happy investors. I also contacted their customer service personally and asked about how I can fund my account. The agent explained the entire process very thoroughly, ensuring I got all the information I need.

Goldco also works with other, less traditional retirement accounts, such as the Thrift Savings Program, 403(k), or traditional savings account.

Once the funds land in your IRA account, you can start purchasing precious metals for your IRA or non-IRA investments.

Shipping and Transit Policies

With free storage for some non-IRA investments, you can start purchasing your precious metals at practically no additional cost. Even with the annual storage IRA fees, Goldco is still one of the most cost-efficient options in the industry.

On top of that, every Goldco package is insured for the value of the products you purchased, protecting you from losing your money if the package is lost, damaged, or stolen. The delivery itself might also require your signature.

As for shipping times, these will depend on several factors, mainly your payment method, market fluctuations, and the availability of silver or gold IRA-approved coins.

Typically, you can expect Goldco to ship your products as soon as they receive your full payment – usually anywhere between 5-14 days. However, depending on the previously mentioned market factors, that shipment can sometimes be delayed even up to 45 days.

Final Verdict: Is Goldco Worth It?

Now is the right time to purchase or invest in precious metals. Goldco is one of the few reputable, customer-centric firms which will provide you with the best investment guidance.

With the easy IRA setup, low yearly fees, and professional help, you can’t go wrong with Goldco. In my opinion, they are one of, if not the best IRA approved broker, providing investors with service of the highest quality.

If you are an IRA investor, an IRA Specialist will be at your service to handle the rollover procedure. For non-IRA investors, an account executive ensures the timely delivery of precious metals. Add to that low storage fees for IRA investors and no storage fees from non-IRA investors, and you’ve hit jackpot.

Goldco has earned respect not only from investors but major review sites alike. The positive reviews and increasing clientele speak highly of the company’s dedication to excellent customer service and carrying out ethical business practices.

I myself can assure you of their incredible approach toward precious metals investments and clients. Whatever seems the case, their customer service agents are always ready to help and provide you with all the information you need.

If you’re looking for a trustworthy firm specializing in IRAs, Goldco is a great place to start.

Best Customer Support

Ranked #1 for Best Pricing

When it comes to customer service, fees, safety, and overall customer satisfaction, Goldco checks all of the boxes.

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FAQ's

Once you determine that a gold IRA is right for you, it helps to know how to set on up. Though you may not want to rush into anything, you be surprised by how easy it is.

Goldco holds an industry reputation as one of the best IRA firms. The company has been in business for over a decade and has received rave reviews from customers on numerous platforms.

Goldco continues to serve its clients with the utmost dedication. And our team at Gold IRA Companies can only prove that.

Goldco does not offer direct storage. Instead, they arrange storage with a secure third-party depository. A Goldco investment specialist will guide you on the best depository for your needs.

You can also use a custodian or storage company of your choice. That flexibility is also one of the reasons why I like Goldco so much. Some brokers enforce how and where their client’s assets are stored. In my opinion, it’s always good to have the freedom of choice in such a delicate matter.

Yes, Goldco Direct, LLC and Goldco are the same company.

Yes, both Sean Hannity and Chuck Norris endorse and recommend Goldco as a precious metals company others should use.

Many people think a gold IRA involves complex paperwork, but that’s not the case. Most companies handle the paperwork for the client.

All you need to do is contact the company and get in touch with a representative who will guide you accordingly.

Donny Gamble
Donny Gamble

I’m Donny. An entrepreneur, world traveler, and active investor that is passionate about navigating through the blockchain by investing in precious metals like gold and silver.

Editor's Rating:

4.5/5

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