Goldco

goldco website screenshot

Page Updated: April 2024

Goldco Review

Goldco Review Summary
  • Fees Score - 97%
    97%
  • Reputation - 96%
    96%
  • Customer Service - 98%
    98%
  • Education - 97%
    97%
  • Ease of Purchase - 99%
    99%
97%

Summary

In all my dealing with Goldco, I have found them to be excellent in their communication, as well as friendly and extremely helpful, answering all my questions quickly and concisely. On other review sites, I have noticed comments from people who Goldco advised not to invest at that particular time, for whatever reason. For me, this is excellent customer service, showing they are not a company that is just out for your money

Who Are Goldco?

Goldco precious metals logo

Goldco – Here Are The Key Takeaways

Key Features-Pros
  • Endorsed by Sean Hannity
  • Inc5000 company since 2015
  • 4.8/5 from over 1000 customers on TrustPilot
  • A+ with Better Business Bureau 4.88/5 from their customers
  • Low set up fee and yearly cost
Downside-Cons

Goldco is a precious metals company that has operated for over a decade. They were founded in 2006 by Trevor Gerszt and is based in Calabasas, California.

Goldco provides self-directed precious metal IRAs funded by gold and silver, as opposed to traditional investments in bonds or stocks.

Goldco is fast gaining a 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 customers and educating potential customers as to whether a gold IRA is right for them.

When you look at their various Goldco 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 customers.

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 own review.

At consumeraffairs.com, they have a score of 4.9/5 from over 1500 customer reviews as of 23rd November 2023

goldco consumer affairs rating

 

On Trustpilot also, as of 23rd November 2023, they scored 4.8/5 from over 1200 reviews.

Goldco trustpilot score

On the Better Business Bureau, as of 23rd November 2023, they scored 4.8/5 from 702 customer reviews.

Goldco BBB score

Any complaints I saw on an individual Goldco review across these sites were few in relation to the number of customers who had left a high-scoring Goldco review.

But nonetheless, they are important, especially to the people who made them. The majority were related to communication issues, which Goldco worked on resolving.

If working with a precious metal company that has not had any complaints is important to you, then you should check out other precious metals companies, such as Augusta Precious Metals.

They havehad zero complaints since its inception in 2012. that doesn’t mean they are perfect, but it does mean they work hard to ensure customer satisfaction.

Why Invest With Goldco?

Goldco offers its customers retirement accounts, which are backed by physical precious metals and not paper assets. This is 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 precious metals investment now, which include

Gold IRA Rollover Ease:

You might be surprised at how easy and effortless it is to transfer your 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, meaning there’s little inflation risk.

In contrast, the average inflation rate associated with fiat currencies is about 2 to 3 percent annually.

Investment/Portfolio Diversification:

Investing in gold or silver ira can protect against default risk, currency risk, monetary crises, and geographic risk. As well as 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, particularly your retirement portfolio, can help you manage risk and reduce the potential market volatility.

Considering your 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 other 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 or Silver IRA.

Goldco Fees

Goldco fees

The required minimum purchase at Goldco to start a gold IRA is $25,000.

Goldco’s preferred Custodian charges a flat annual account service fee, including a one-time IRA account set-up fee of $50 and a $30 wire fee.

Annual maintenance is $100, and storage is $150 for segregated storage or $100 for non-segregated storage.

Gold storage and custodianship fees can vary depending on the company you select to handle these services (required by the IRS, as a custodian must manage all IRA assets).

Depending on the Custodian, storage fees can range from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1% annually.

Goldco does not charge any storage fees for cash transactions over $25,000.

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Fees for Non-IRA Transactions

If you want to purchase your precious metals outside of an IRA, it is possible to do so via Goldco for no more than the asset’s cost.

You won’t be required to pay any setup, maintenance, or storage fees. 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 numerous special offers for new customers all the time. When talking to them about your possible investment, ask them what special offer they have on at that time.

They are currently offering up to $10,000 in free silver for qualifying Gold IRA accounts.

Exceptional Customer Service

The main goal of Goldco is to do right by its customers.

Goldco’s customer service team provides the necessary assistance throughout the entire process, if you want to buy precious metals or invest in a precious metals IRA.

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 centre 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 the precious metals market 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 can sell 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 affordable and allow you to hold onto your money instead of 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. Having your metals stored completely free is possible, which isn’t the case with many other precious metals firms.

Advanced and Secure Storage

According to the IRS guidelines, storage for your precious metals ira has to be properly accredited.

The storage agencies that Goldco works with are some of the best in the precious metals industry; all use sophisticated, modern techniques to keep your items safe.

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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. They 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 can help you purchase IRS-approved bullion and coins to be included in your Precious Metals self-directed IRA and coordinates these purchases with your chosen custodian and storage facility.

Goldco 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

gold IRA is an Individual Retirement Account that 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 metals to invest in.

– Silver IRA:

A silver IRA is very similar to a Gold IRA ; the key difference is 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 how to start, Goldco will give you tips on getting your ira account started, what coins are acceptable, and much more.

III. Traditional IRA and Roth IRA Planning – Goldco gives you the resources and knowledge base comparing a Traditional IRA and a Roth IRA.

And will 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.

IV. SEP-IRA Planning – A Simplified Employee Pension (SEP) IRA is a type of plan that financial institutions provide for business owners to provide themselves and 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.

V. 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 small employers that are currently not sponsoring a retirement plan.

Goldco explains how to open a Simple IRA and the rules for a precious metals investment and metals ira.

Goldco Featured Resources

How Does Goldco Approach Precious Metals IRA Investing?

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

Step 1: Account Opening

To start your precious metals IRA investing via Goldco, you first need to contact the customer support team to schedule a call with one of the sales representatives who will help you set up your account.

Step 2: Funds Transfer

Once you have set up your account, it is time to fund it. 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 choosing the bars and coins you want 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 partner depository locations for safe storage.

When you are ready to cash out, you can sell 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 other precious metals you own to your Goldco account.

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

4 main coins allowed in gold ira

GOLD

Gold IRAs are not allowed to have numismatic or graded coins within them, only approved gold IRA coins or bullion.

The IRS must approve whatever type of gold you add to your gold IRA.

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.

silver coins allowed in IRA

SILVER

For silver IRA, if you want to add silver to an existing precious metal ira, Goldco has a good selection of silver coins.

The following silver bullion coins are available from Goldco directly 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 metal options are limited.

Whereas other companies allow investment in gold, silver, platinum, and palladium, gold and silver are the only metal 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 closes its doors.

However, there’s no such risk with silver and gold since they generally hold their value rather well. Precious metals will always perk up your portfolio. 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 for this reason that precious metals investments such as gold, silver, platinum, and palladium are such great investments.

They usually rise in value even when other types of investments fall.

So, if you want 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.

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My Final Verdict on Goldco

Goldco is the company to work with if you want to invest in precious metals. The company genuinely seems to care about its investors.

It is even quite easy to do things with a Goldco specialist, such as setting up your account. If you wish to invest in an IRA, you will be working with an account executive who will work hard to ensure you get your metals immediately.

If you want to check out another precious metals IRA company for comparison, then I recommend my leading choice, American Hartford Gold. They offer a similar service to Goldco but with a few minor differences.

Goldco - American Hartford Gold - APM Comparison

Goldco American Hartford Gold Augusta Precious Metals Winner
Fees 97/100 100/100 96/100 American Hartford Gold
Reputation 96/100 100/100 94/100 American Hartford Gold
Customer Service 98/100 98/100 97/100 Goldco/AHG
Customer Education 97/100 95/00 98/100 Augusta Precious Metals
Ease of Purchase 99/100 97/100 98/100 Goldco
Overall 97/100 98/100 96/100 American Hartford Gold

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

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About the author

Nathan Tarrant

Nathan has worked in financial services, marketing, and strategic business growth for over 30 years. He was the founder and COO of a Queens award-winning financial services company based in the UK.

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

Today he is the CEO of Douglas Tarrant Consultants Ltd a consultancy for financial services and investment companies. You can see Nathan's full profile at his personal website nathantarrant.com

DISCLOSURE

We are required by the FTC to inform you that the content on this website is not financial advice and should not be viewed as such. When it comes to investing of any type, you should always do your own research and speak with a professional financial advisor before making any decisions financially. The owners of this website may be paid to recommend Goldco or other companies. The content on this website, including any positive reviews of Goldco and other reviews, may not be neutral or independent.

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