Over the years, precious metals have consistently remained a beacon of financial stability and wealth preservation.
One name stands out among the myriad gold investment companies, partnering with major media figures and adorned with prestigious accolades – Goldco.
Trusted and recommended by renowned personalities like Sean Hannity, Chuck Norris, Ben Stein, and Stew Peters, they’ve earned their place as one of the best go-to precious metal companies for those in the know.
- Listed on the prestigious Inc 5000’s Fastest Growing Private Companies list for six consecutive years.
- Received Company Of The Year from American Business Awards for 2021 and 2022.
The company’s seemingly unparalleled success and media recognition paint a compelling picture of a powerhouse in the precious metal industry.
But how good are their services? Are they legit?
We dove down the rabbit hole, read and scrutinized thousands of customer feedback to see what clients had to say about the company;
- Consumer Affairs – 4.8/5 from 1,684 reviews
- Better Business Bureau – 4.82/5stars from 667 Customer Reviews
35 complaints closed in last 3 years & 18 complaints closed in the last 12 months
- BCA(Business Consumer Alliance) – AAA Rating 5/5, from 1 Customer Review
1 dispute pending
- Trust Pilot – 4.8/5stars from 1238 customer reviews
This Trust Pilot review sums up the thoughts of many:
“My account executive took the time to make sure that I understood the risks of any investment including investing in precious metals. He has worked to make the process move very smoothly from opening my account to funding the account. He is very prompt to respond to my inquires and provide full details to ensure that my questions are addressed. All of the Goldco team has been very professional and made the transition a very smooth process.”
Google Reviews – 4.9/5 from 1901 reviews
Across all the reviews, we came across only a few negative comments, mostly attributing to a misunderstanding around their pricing transparency…besides that, everything else seems to check out.
Data as of August 2023
Who Are Goldco’s Target Customers?
Target customers include those who want their funds secured through tangible items, particularly those who feel that the bond and stock market are too volatile. A precious metals IRA account often has less volatility than paper assets or percentages in companies where instabilities are inevitable.
Diversification is key in limiting risk when a retirement account is on the line. As such, Goldco aims to help its target customers diversify investments to avoid the effects of stock market crashes.
Can Goldco Help Me?
Before deciding on what precious metal to buy, do your research before approaching any gold company. This will help you know the right questions to ask. Understanding this kind of investment is crucial to know if it’s the right fit for you.
Like any investment, gold and silver’s value fluctuates daily, and past performance does not always equate to good future performance results.
Keeping that in mind, this Goldco review presents what the company offers, its fees, and steps to prepare you to invest in a Goldco precious metals IRA. Ultimately, deciding whether a gold or silver IRA is appropriate for your investment strategy or retirement account is up to you.
An Overview of Goldco Services
- Goldco is a precious metals broker that works with IRS-approved custodians and specialists and offers direct purchases of precious metals.
- They also offer professional IRA rollover assistance.
- They help customers open new silver and gold IRA accounts.
- Goldco precious metal IRAs must be funded with eligible metals under IRS (Internal Revenue Service) rules, which include IRS-approved gold coins and IRS-approved silver coins.
Gold or Silver IRA
Goldco aids customers in investing in gold or silver IRAs (and sometimes other IRA accounts, like a mix of gold and silver).
Goldco specialists are experts in setting up a first-time gold IRA, helping new users to purchase precious metals, and determining how and where to secure investments. A Goldco specialist can work with you individually to ensure you set up a gold IRA that best suits your investment goals.
The Goldco team offers tips for starters investing in Goldco gold and silver IRAs and can assist new investors in navigating the entire process. If you’re a brand-new investor looking to set up a gold IRA account, Goldco’s superior customer service may be a great benefit.
Rollover Services
In addition to setting up new silver and gold investments, Goldco also provides rollover services for those who wish to transfer eligible IRAs to a self-directed silver or gold IRA.
Suppose you have a 401(k) or other eligible investment money that you’d like to use to make a gold IRA. In that case, a Goldco specialist can walk you through the process, making protecting your retirement account with a precious metals IRA easier.
Knowledge Of Traditional And Roth IRA Planning
The company is also known for its vast knowledge of IRA planning. Goldco shares investment knowledge readily and has a great reputation for offering educational opportunities on investment strategies. The experienced specialists at Goldco are industry professionals who know how to explain complex financial terms in a way that makes sense to even the newest investors.
If you need more clarification on the differences between a Roth IRA, a traditional IRA and a precious metal IRA, for example, Goldco team members can point you in the right direction and provide you with relevant information so that you can create an informed investment strategy.
Trusted Service Providers
Although Goldco does not offer custodian and storage services, they can assist customers in safely securing and storing their investments with the help of trusted service providers that have their own IRS-approved storage facilities.
Due to gold storage laws, Goldco coordinates purchases and necessary paperwork with a custodian and storage company. Learn why you can’t store Gold IRA at home.
The Costs and Fees of Goldco’s services
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 which includes a one-time IRA account setup fee of $50, as well as a $30 wire fee. Annual maintenance costs $100, and storage costs $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.
Here’s a quick overview of Goldco’s fees for your easy reference:
Cost/Fee Breakdown:
Gold and Silver IRAs
Required minimum purchase
$25,000
Annual fee
$100
Storage fee
$150 for segregated storage, $100 for non-segregated storage
Custodian fee
Depends on the selected custodian company
How To Invest In Goldco Gold and Silver
After reading through Goldco’s services and fees, you can now make a more informed decision on whether or not you want to use this gold company to purchase and manage account assets. Investing in precious metals IRA is a big step, but Goldco’s team of experts will help you with every stage of your precious metal investment.
If you’re interested in securing your finances through physical precious metals, the steps typically include:
Contacting Goldco
The easiest and fastest way to start your Goldco investing is to call them directly at 855-450-1394 to speak with a Goldco team member.
Alternatively, interested investors can fill out a contact form through the company website or email info@goldco.com.
Reviewing Choices
The Goldco team will answer all your questions and explain the investment process and next steps.
Goldco should also send you an email or physical mailer with a comprehensive guide explaining your precious metal IRA options. Between the guide and your access to customer service, you should have everything you need to familiarize yourself with your investment choices.
Choosing your IRA
Once you go through the options and ask any questions you might have, the next step will be choosing the specific IRA investments you want to make.
Don’t rush to purchase!
Take your time and ensure you have all the necessary information before proceeding. There are a lot of decisions to make about funding, storage, security, and the physical assets you’d like to purchase, so do plenty of research.
A self-directed Roth IRA is usually preferable if you’re planning to roll over funds from a Roth IRA, but that’s something you can discuss with your Goldco specialist.
Determining Your Funding Source
Once you’ve settled on an investment path, it’s time to decide how to fund your new investment account.
With Goldco, you have a few options. You can fund your account with a traditional savings account or another retirement account. In most cases, the most popular choice for financing a new gold IRA is through a 401(k) rollover.
If this is your chosen route, you’ll be asked to roll over a portion or all of your funds into your new account, and a Goldco agent will help you.
Selecting Your IRA Custodian
After choosing a funding source, you’ll be instructed to choose your gold IRA custodian, and you’ll need to complete some paperwork to establish your IRA account.
Worry not, as Goldco’s team of silver and gold IRA experts can guide you through setting up an account with one of their recommended custodian companies.
Funding Your New Account
Next up, you’ll fund your new account. You can request the transfer of the assets from your old or existing IRA by contacting your current 401(k) or IRA holder.
To make sure you’re following the IRS rules, you may consult a tax advisor to minimize unnecessary tax liabilities. Goldco should also help with this, so consult your Goldco specialist about your IRA rollover and any paperwork or tax questions.
Buying Your Metals
Goldco’s team of gold and silver IRA experts will assist you in choosing the precious metals that best fit your financial goals. They will complete the purchase and help you arrange the shipping and storage of your investments for your convenience.
Note: Before investing in Goldco gold and silver or other precious metal, you also have to consider your own personal circumstances. Investing in physical precious metals, such as gold or silver, over traditional retirement accounts and Roth IRAs may be the next step for your investment plans. However, you should consult financial professionals who can help you decide.
Once you’re all set, you can begin your Goldco investing journey! When you complete and return your Goldco self-directed IRA application, you can access a free silver coin and IRS Loophole Guide.
View this gold IRA buyers’ guide for further guidance on investing in a gold IRA.
What Goldco Is Known For
What differentiates Goldco from other precious metals IRA companies is its dedication to customer care and education. The team carefully determines investor needs and dedicates time and attention to each investor. The company is also known for its convenient buyback program.
Excellent Customer Service
Goldco has been around for many years and is known as a trustworthy company with exceptional customer service. Buying precious metals from Goldco is easy because they provide educational materials for new and existing customers. Their dedication to helping customers is apparent as they provide free e-books, charts, and videos for audio-visual learners.
More than that, Goldco’s team of specialists are very experienced in investment strategies and protecting their customers’ retirement savings. The company has an A+ rating from Better Business Bureau and a Triple-A rating from Business Consumer Alliance based on dependability and ethical business practices.
Premium Storage Options
As mentioned, you can only use accredited facilities for precious metal storage due to IRS regulations.
Goldco offers premium storage options with bank-vault level security through trusted partner companies, such as the Delaware Depository Service Company (DDSC) and Brinks – Precious Metals Logistics in New York, both well-known IRA depositories holding precious metals in the United States.
Buyback Program
If you need to sell your precious metals for any reason, Goldco guarantees you will receive the highest price with its Buy Back Program.
Customers appreciate that they can confidently buy gold and other precious metals from Goldco, knowing they can sell their investments back to Goldco for a fair price.
Summary of Goldco Reviews
Many negative Goldco reviews seem to be minor misunderstandings of how the precious metals market works and how the values of gold and silver fluctuate. The Goldco team usually responds to negative reviews to answer questions, offer explanations, and encourage discouraged investors to contact their customer service line. This effort helps them maintain their prestige and credibility.
Nevertheless, most of the Goldco reviews are positive, which means customers are generally satisfied with the services Goldco provides. It can also be said that customers rarely complain about the way they handle purchase paperwork and other fees.
Goldco, being a leading precious metal firm worldwide, is very hands-on and helps investors create smooth and simplified transactions — a trait often mentioned by the positive reviews it earns.
Again, Goldco also has an A+ rating with the Better Business Bureau.
Conclusion
A well-established precious metals firm, Goldco provides self-directed precious metals IRAs, usually funded by gold and silver. Goldco precious metals include physical gold and silver coins and bars.
In using Goldco’s services, interested customers are expected to fund IRAs with at least $25,000. Other companies that provide similar services include Augusta Precious Metals company, Regal Assets company, and Noble Gold Investments.
The company is known for its speedy completion of paperwork and outstanding investor education. In addition, Goldco also offers rollover services for customers who wish to transfer funds from existing retirement accounts into a precious metals IRA. Goldco coordinates with a trusted network of custodians and storage facilities, simplifying logistical work.
We hope this Goldco review helps you make the right decision regarding investing in gold IRAs and securing your financial future. Gold IRAs are especially useful if you’re looking for a way to diversify your investment portfolio, and Goldco stands out in this industry among other gold IRA companies.
Ready to invest and buy gold? Get your free kit now!
Frequently Asked Questions About Goldco
Below are some of the most commonly asked questions about Goldco and gold investments.
Can My Precious Metals Be Coins or Bars?
Precious metal IRAs only can be funded with IRA-approved metals, which may be coins, bars, or bullion. Any metal can be excluded from a precious metal IRA if it’s not IRA approved.
Goldco can help you choose IRA-approved gold and silver to fund your portfolio.
Can My Precious Metals Be Stored at Home?
Physical gold and silver for an IRA account cannot be stored at home because it has to be kept by an approved non-bank trustee or an IRS-approved bank.
Precious metals have to be regulated in accordance with deposit and disbursement laws.
Can I Choose Any Custodian or Storage Company?
You don’t have to choose a custodian or storage company because Goldco has highly recommended partner companies.
The custodians and storage companies that Goldco partners with are some of the most respected companies in the business, and using one of Goldco’s preferred companies makes the process smoother and easier for you as an investor.
How Fast Does a Traditional IRA Rollover into a Precious Metals IRA?
The rollover usually takes about two weeks, but some applications take longer than others, so it all boils down to a case-to-case basis.
If you have questions about a rollover through Goldco, contact Goldco directly to speak with a specialist.
When Am I Eligible for Distributions?
According to the IRS, you are eligible to take distributions without penalties when you reach the age of 59 and a half. Again, Goldco specialists can answer any questions you have about moving or withdrawing funds and distributions.
Is the Value of Precious Metals Bought via Goldco 100% Guaranteed?
Absolutely not. Based on varying factors from market influences, its future value may rise or fall. That is the same for every investment opportunity, and you should be aware of the risks you are taking before you invest in precious metals through Goldco or any other company.
The owners of this website may be paid to recommend Birch Gold Group. The content on this website, including any positive reviews of Birch Gold Group and other reviews, may not be neutral or independent.
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Goldco
- Get $10,000 in FREE Silver with a qualified Gold IRA Account
- Safeguard your retirement savings
- Protect your wealth
