To Put it Simply: Goldco is one of the leading provider for gold and other precious metal IRAs. They make investing simple and easy, with a customer service agent walking you through each step of the process.
Disclosure: Some of the links in this article are from sponsors. The list below is an honest review gathered from thorough research, experience, and consumer-based feedback.
Some Key Points of Goldco's Services & Products:
- Best buyback program
- Outstanding customer service
- $25,000 minimum investment
- Low fees
- Stellar client feedback
- Endorsed by Sean Hannity
4.9/5 TrustPilot Rating
A+ BBB Rating
Pros & Cons
The volatile stock market, increasing levels of inflation, and a dollar declining in value are all surefire ways in which your hard-earned money loses its value.
Precious metals such as gold and silver have held their value for hundreds of years and are real commodities: the U.S dollar is simply a fiat currency that is no longer backed by anything.
This means any investments with the dollar, as well as the stock market, could crash at any time.
Precious metals are standalone assets that are not tied to the dollar or stock market; when the stock market crashes is actually when these assets perform their best.
So why not diversify with precious metals and secure your funds in the safest way possible?
Our #2 Recommentdation
$25,000 Minimum Investment
5% back for any order over $50k
Goldco is a precious metals broker and investment company that was founded by Trevor Gerszt 15 years ago.
They assist their customers in setting up self-driven IRA accounts in accordance with IRS guidelines.
Since their founding, Goldco has worked with thousands of customers who stay with them for years down the line.
Gerszt’s vision in founding Goldco was providing a service that was straightforward and easy for even inexperienced clients to set up their own self-drive IRA accounts and to purchase gold and silver assets.
His belief is that a diverse portfolio, including physical assets like precious metals, is the most stable and safe option for most investors.
Goldco offers a risk averse model because the precious metals in the form of bouillon, bars, and coins remain under the direct ownership of the investor rather than part of a managed IRA account.
Gerszt was not interested in becoming a Jack-of-all-trades.
Goldco would do one thing: broker the sale of gold and silver- and they would do it very well.
Services That Goldco Offers
Goldco offers the following services:
- Gold & Silver IRA
- Assistance with 401(k) Rollover
- Self Storage Gold IRAs
- Sale of Non-IRA precious metals and collectibles
- Buyback of gold and silver bullion, coins, and bars purchased through them
Goldco offers competitive market rates for buyback and they are transparent in regards to their rates.
Of course, you are not required to sell your precious metals back to Goldco when you are ready to retire.
Goldco's Services Fall into 2 Categories:
1. Self-Directed Precious Metal IRAs
2. Direct Purchases
Precious Metal IRAs
Anyone that is 70 ½ years old or younger qualifies for the purchase of a traditional precious metal IRA. Precious metal IRAs can be composed of gold, silver, or any combination of the two. Goldco’s experts will advise their customers as to the best options available for them.
Goldco abides by all IRS regulations and guidelines. They partner with third party custodian companies that store all precious metals in state-of-the-art vaults all around the country. Goldco partners with several custodial companies but their preferred partner is Equity Trust Company.
Goldco offers competitive market rates for buyback and they are transparent in regards to their rates. Of course, you are not required to sell your precious metals back to Goldco when you are ready to retire.
Direct purchases are not subject to restrictions. Any investor can choose to make direct purchases of gold or silver or a combination of collectible items Goldco has in stock. Direct purchasers are able to store their precious metals in a secure vault or to take direct possession of the items as they prefer.
Goldco does not directly offer cryptocurrency IRAs. However, they do have a sister company, CoinIRA, that has options available for those interested in digital currency.
Goldco states that they structure their fees in such a way to provide customers with the lowest possible fees. They are in competition with Augusta Precious Metals when it comes to lowest fees and best customer service.
These fees are described as “as low as” and may be higher depending on circumstances.
Goldco's Gold IRA 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 which includes a one-time IRA account set-up fee of $50, as well as a $30 wire fee. Annual maintenance is $100, and storage is $150 for segregated storage or $100 for non-segregated storage.
Fees for gold storage and custodianship can vary depending on the company you select to handle these services (required by the IRS, as all IRA assets must be managed by a custodian). 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.
Goldco's Non-IRA Fees
The chart below details Goldco's investment minimums for both IRA and Non-IRA purchases.
Goldco's Investment Minimums
Precious Metal IRAs
Who is a Best Match for Goldco?
Goldco is a best match for investors who:
- Want to diversify their portfolios through the purchase of physical assets. For an investor that wants to maintain full control over their investment portfolios a self-driven IRA is the best direction to take. Goldco facilitates the creation of self-driven precious metal IRAs.
- Want to own physical assets. Unlike US dollar investments or investments into companies that could go bankrupt, precious metals have been around for hundreds of years and will continue to stick around.
- Want to protect their savings from a financial crisis. Many credible investors say we are on the verge of one of the biggest financial crises the United States has ever seen. Add that into the mix with a currency that's losing its value, and you get...a HUGE disaster.
Goldco is committed to ensuring that its investors understand the process and the benefits of gold and silver IRAs before any purchases are made.
This makes them an excellent gold investment company for first time buyers or inexperienced investors. Having the security of industry professionals with decades of experience on hand is priceless.
Goldco’s agents are not pushy and do not rely on jargon heavy language. Ease of use and the availability of assistance make this company universally well suited to investors of all experience levels.
Gold and silver IRAs are much easier to understand than stocks and bonds, which make them uniquely well suited for laymen investors without the time or interest in becoming experts.
Goldco makes it easy to buy additional precious metals to supplement existing accounts, as well as offering buyback.
Goldco's Customer Feedback
Goldco has been a member of the Better Business Bureau since 2011 and has a perfect A+ rating. Goldco has seven customer complaints on file. Four of the complaints are listed as resolved and the other three are answered and in the process of resolution. The complaints are almost all minor and resolve around communication issues.
Goldco has an AAA rating with the Business Consumer Alliance (BCA).
Goldco has glowing reviews with TrustPilot, Trust Link, Consumer Alliance, and Google Reviews. Customer reviews for Goldco are overwhelmingly positive.
4.8 out of 5 stars from Consumer Affairs
4.8 out of 5 stars from Trust Link
4.9 out of 5 stars from TrustPilot
4.8 out of 5 stars on Google Reviews
Customers cite exceptional customer service, ease of use, and their educational resources. But don’t take my word for it. Let the customers speak for themselves. Below are a few screenshots from their BBB profile:
What Makes Goldco Unique?
Goldco is committed to making the process of setting up the self-driven IRA and purchasing the precious metals as easy and pain-free as possible.
Ease of Communication
Their experts are available via phone and email at any stage in the process, including after the sale is finalized, to assist customers with any questions or concerns. Goldco’s agents also handle filling out most of the required paperwork during the process, taking the guesswork out of it.
Goldco is not only committed to exceptional customer service but they provide extensive educational opportunities. Their website features videos, written reports, and even a blog detailing information about precious metals, investing, and the state of the economy.
They make a real effort to ensure their customers are well educated and make the decisions that will best align with their long-term goals.
Goldco’s blog is not limited to precious metal IRAs and their own business. Their blog is maintained by subject matter experts and features articles about a variety of financial topics like recessions and the debt bubble.
IRA Specialists Always Available
More than anything, however, Goldco stands out because of the availability of their IRA specialists.
Every customer is assigned a specialist at the beginning of the process that remains with them throughout the entire process.
This specialist is not only a subject matter expert, but they are committed to the interests of the client and are available to answer questions, explain the process, and to address any concerns.
They are not pushy salespeople only looking to close a deal.
Your Agent Is With You Through Every Step
Their customers are not responsible for completing any step of the process by themselves. Not only does this streamline the process, saving the customer time and money, it makes it easier for customers to invest with confidence.
Goldco’s specialists understand that most investors have a limited understanding of how IRAs and investments work.
It is important that customers are treated fairly and met where they are. Goldco’s agents do not speak down to their clients but instead educate and assist.
Customers can feel comfortable with their decisions because of the integrity of the company.
Their IRA specialists are informative without being condescending and committed to providing education without relying on heavy handed jargon.
Not every investor has the time to or even wants to become an expert. They can trust the agents to help them make the best decisions.
A service that Goldco offers is assistance with rollover of current IRA accounts. This service is
vital for investors who are looking to turn intangible assets into physical assets.
Rolling over IRA accounts is often confusing and complicated so the assistance of subject matter experts is invaluable.
Goldco's Storage Options
The IRA imposes many rules on investing in precious metals, with one being that they need to be stored at a third-party depository.
Goldco partners with the best depositories on the market who use state of the art security in technology.
Annual Storage Cost
Delaware Depository (#1)
Brinks Salt Lake City
Goldco automatically puts your precious metals in Delaware Depository, but you can choose to have them in a different depository if you wish.
Delaware depository, however, has been around for over 200 years and uses Class 3 vaults for extra security.
How to Get Started With Goldco
Goldco will reach out to you and give you more information on the process.
Once you decide on moving forward with your IRA setup, your representative will either transfer you directly to an IRA specialist, or set you up with a meeting for a later date.
After you have funded your account, you then speak with your Account Executive who helps you decide the specific metals to put in your IRA account.
That's all there is to it!
Getting in touch with Goldco personally will help you determine if they are a right fit. I have heard nothing but great things from Goldco's feedback.
Our gold IRA company list (#1 as best):
1. Augusta Precious Metals
4. Regal Assets
7. Lear Capital
8. JM Bullion
Our #2 Recommendation
$25,000 Minimum Investment
5% back for any order over $50k
Goldco Precious Metals comes with a solid recommendation from us with 4.9 out of 5 stars. It is hard to find any fault at all.
Goldco has 15 years of experience in the industry.
They have overwhelmingly positive reviews with customers on Trust Link, Consumer Affairs, TrustPilot, and Google Reviews.
Goldco is a trusted company with exception ratings with the Better Business Bureau and the Business Consumer Alliance. They are even endorsed by Chuck Norris.
Their entire business model is built around customer experience.
The founder’s vision was to build a company that made it easy for the customer to create a gold or silver IRA account, complete the purchase of the physical assets, and manage their own self-driven portfolio.
They have achieved this vision through excellent customer service, exceptional educational materials, and their industry experts on staff.
Goldco is committed to their clients and treats them like family. This mentality shows through their phenomenal reviews and long-term & repeat customers.
Goldco is a trustworthy and well-respected gold IRA investment company with the client reviews
August 5, 2022
Regal Assets and Goldco are two of the ...
May 20, 2022
If you're looking at which gold IRA company ...
May 5, 2022
Precious metals IRAs are a great way for ...
May 3, 2022
Investing in a precious metals IRA is a ...
April 20, 2022
Investing in precious metals IRA accounts is a ...