Goldco Review - The Best Precious Metals Company?
Sometimes politics can mess with our savings and investments, causing changes in taxes, commodity prices, and our overall worth. But don’t worry, there’s a way to protect your money from market instability.
The stock market can be unstable and unpredictable. For example, inflation could go up or the value of the US dollar could go down, which could hurt profits from international businesses. This could result in losing some or all of the value of your invested money.
Investing in precious metals like gold and silver has been a reliable way to keep your assets safe for centuries. That’s why they’re often referred to as “real commodities.” In contrast, the US dollar is a type of money called “fiat money,” which means it doesn’t have any physical backing, like gold or silver. The only thing supporting the value of the US dollar is trust in the government.
More and more people are investing in gold to protect their savings, and one smart way to do this is with a gold IRA. This is why many investors are eager to learn more about Goldco, one of the largest gold IRA companies.
Disclosure: We are a professional review site that receives compensation from the companies whose products we review and recommend. We are independently owned and the opinions expressed here are our own.
About Goldco
Goldco is a precious metals investment company founded 15 years ago by Trevor Gerszt. It specializes in helping investors set up self-directed IRA accounts, which follow rules set by the IRS.
Over the years, Goldco has built a large customer base by forming strong, long-lasting relationships with its investors. When starting Goldco, Gerszt’s goal was to provide clear and honest services, making it easy for even new investors to set up their own self-directed IRA accounts and invest in gold and silver.
Gerszt believed that having a mix of physical assets like precious metals in a well-diversified investment portfolio is important for stability and protection from political and economic changes. That’s why Goldco focuses on providing a low-risk approach to investing in precious metals, such as gold bars, coins, and bullion.
Investors who use Goldco own the precious metals directly, rather than having them managed in an IRA account. Gerszt’s main goal was to specialize in precious metals brokerage and make Goldco a leading player in the industry
What Services Goldco Offers
Goldco provides the following services:
Gold and Silver IRAs
Professional help with 401(k) rollovers
Self-storage Gold IRAs for investors
Selling non-IRA precious metals, bullion coins, and bars
Buying back gold and silver bullion, coins, and bars they have sold
It’s important to note that Goldco offers fair market rates for gold and silver buybacks and is committed to honesty and transparency in their pricing
Goldco Offers 2 Main Types of Services:
Self-directed precious metal IRAs
Direct purchases of precious metals in bullion, coins, and bars.
Goldco’s Precious Metal IRAs
If you’re under 70.5 years old, you can open a traditional precious metal IRA with Goldco. Your IRA can be made up of gold, silver, or a combination of both. Goldco will help you choose the best option for your investment goals, and they follow all IRS guidelines and regulations.
Your precious metals will be kept safe in ultra-modern vaults at strategic locations across the country, thanks to Goldco’s partnerships with third-party custodial companies. Goldco’s preferred custodial company is Equity Trust Company, but they also work with other custodial companies for more options.
When it comes to selling back your precious metals, Goldco offers competitive market rates and is transparent about their buyback rates. You don’t have to sell your precious metals back to Goldco when you’re approaching retirement either.
Direct Purchases of Precious Metals
If you want to buy gold or silver directly from Goldco, you can! They have a variety of collectible commodities available for you to choose from. You can choose to keep your precious metals in a secure vault for safekeeping or take possession of them yourself, it’s up to you!
Does Goldco Offer Cryptocurrency IRAs?
Goldco doesn’t offer cryptocurrency IRAs. If you’re interested in investing in digital currencies, they can suggest their sister company, CoinIRA, which provides different investment options in this field.
What Are Goldco's Fees?
Goldco Fees & Minimum Investment
Goldco aims to keep their fees as low as possible for their customers. However, the fees may increase based on the transaction.
For a precious metal IRA with Goldco, there is a one-time account setup fee of $50 and a $30 wire fee. If you rollover a 401(k) or IRA, these fees are waived. The annual maintenance fee is $100, and storage fees are $100 for non-segregated or $150 for segregated storage.
To start a gold IRA with Goldco, the minimum purchase amount is $25,000. The preferred custodian charges a flat annual account service fee that includes the $50 account setup fee and $30 wire fee. The annual maintenance fee is $100, and storage fees are $100 for non-segregated or $150 for segregated storage.
Keep in mind that storage and custodian fees may vary depending on the company you choose, as required by the IRS. These fees can range from $10 to $60 per month or a yearly percentage of assets from 0.35% to 1%. For cash transactions over $25,000, Goldco does not charge any storage fees.
Who Benefits Most from Working with Goldco?
Goldco is best suited for investors who:
Want to diversify their portfolio by investing in precious metals, especially through a self-directed IRA. Goldco specializes in helping investors set up self-directed precious metal IRAs.
Prefer to hold their wealth in physical assets. Precious metals, like gold and silver, have a long history of consistent returns despite market fluctuations.
Want to protect their savings during financial crises. With the value of the US dollar dropping, many experts believe a financial crisis could be on the horizon. Investing in precious metals can provide stability during uncertain times.
Are looking for a company that values customer confidence. Goldco’s agents are knowledgeable and use simple language to explain complex investment concepts. The company is committed to helping customers understand the benefits of investing in precious metal IRAs.
Seek the support of industry professionals with decades of experience. Goldco’s staff are experienced and eager to help investors navigate the process of investing in precious metals.
Want a simpler alternative to stocks and bonds. Gold and silver IRAs are becoming popular among non-expert investors because they are easier to understand and manage compared to traditional investment options.
Overall, Goldco is a trusted choice for new and experienced investors looking to grow their wealth through precious metal investments.
Goldco Customer Testimonials & Ratings
Goldco is a highly rated company and has been a part of the Better Business Bureau since 2011. They have an outstanding rating of A+
Goldco is also a proud member of the Business Consumer Alliance and holds an AAA rating. Additionally, the company has received positive reviews from various online platforms such as TrustPilot, Consumer Alliance, Trust Link, and Google Reviews.
Customers have had overwhelmingly positive experiences with Goldco, as reflected in the numerous positive reviews.
Why Add Gold to Your IRA?
Individual Retirement Accounts (IRAs) are designed to secure your retirement and financial stability for you and your family. These special accounts allow you to save money with tax benefits for your future use.
When planning for your long-term future, it’s important to invest a significant portion of your savings in stable, reliable assets to ensure a secure retirement.
Cash in an IRA may seem like a good idea, but it’s losing value quickly due to uncontrolled inflation. To ensure that your savings retain their value, or even increase over time, consider investing in gold.
With the world facing economic challenges such as lockdowns, shortages, wars, and inflation, there’s never been more uncertainty in the market. To protect themselves, many investors are turning to physical gold in their IRAs.
Investing in a gold IRA can not only protect your savings but can also benefit during economic crises that negatively impact other assets.
Taking no action to protect your finances despite the economic challenges is a risk. But taking the step to secure your financial future by investing in a gold IRA with Goldco is a safe and easy choice.
Real Goldco Customer Reviews
“My total experience with Goldco was exceptional. Everything was explained so that I could make an informed decision on what I wanted to invest my hard earned money in. It was quite educational and I learned a few things. I feel good with my investments. I highly recommend Goldco!” – April of San Tan Valley, rated 5 stars on Consumer Affairs
“I am very pleased to be able to leave a well-deserved 5-star comment for my first-time experience with GoldCo. My Account Manager, and the others’ involved in the transaction, have made me feel very comfortable by explaining (in great and easy to understand detail) every facet of what I needed to do and what to expect before signing on the proverbial dotted line.
I don’t think I could have asked for a more knowledgeable and polite group of industry professionals to help me understand the risks and benefits of investing in precious metals; and as such, I was able to make an even more intelligent and informed decision about how or if I should invest my money in precious metals for future retirement.
That in of itself is worth its weight in gold (pun intended) knowing that the Investment Manager has the potential client’s best interest at heart instead of just rushing to make a sale.
After researching GoldCo and then contacting them and speaking to one of their Account Managers (who is the same one I have now) and then asking a multitude of questions and receiving open and honest answers, I can say with 100% confidence that I am very comfortable with how and with whom I’ve invested my money and I look forward to maintaining the relationship with them for many years.” – Gregory of Lynbrook, NY, rated 5 stars on Consumer Affairs
Real Goldco Reviews on BBB, TrustLink & Trustpilot
“I had an amazing experience purchasing my precious metals through an IRA rollover with Goldco. Frank Perla the agent helping me was consise in explaining my several options and made sure to answer any and all questions I had.
In addition I received a percentage of free silver for my investment which made it all that more enjoyable. I feel relieved to now have my retirement savings in a secure investment which made more sense than the risky stock market! Thanks Goldco!” – 5 stars Review from Erica C on BBB (Better Business Bureau)
“My interaction with Goldco was very smooth; they were very informative of the process of setting up a Precious Metals IRA, and made things very easy. All I really needed to do was decide how much to roll over.
And they confirmed many things that I was already aware of with regards to metals, which was also reassuring that I was dealing with knowledgeable folks. In these volatile economic times, I am happy to be protecting some of my wealth, and Goldco was most helpful with this. Anyone who wants similar protection should greatly consider doing this” – Randy M, 5 stars on BBB
“Great company! Made me very comfortable throughout the process!
I first purchased gold and silver through Goldco in July this year. After having a frustrating experience with a competitor I decided to try Goldco. With Goldco, my experience was totally different.
They communicated with me, explained how the rollover works, guided the process with my 403b provider and promptly provided documents for me to sign.
They were very friendly and took the struggle out of the process. I later rolled over additional money from an IRA and am very excited to own these precious metals in a Traditional IRA with Goldco. I highly recommend their services” – Robert T, Grandview, MO, 5 stars review on TrustLink
“Invest in Gold IRA – My experience with Goldco and Jace Kent and his team have been a very informative and welcoming experience. Everyone I have spoken to so far with the entire transfer process made a potentially nervous experience very pleasant. I look forward to a long and prosperous partnership. Lauren and Jace and th entire Goldco team are outstanding and I rate them 5 stars!!! Thank you all” – Troy T. Potwin KS, 5 stars review on TrustLink
“Goldco assigns a single point of contact very early on in the process, and they stay with you though out the relationship. Having a single POC makes it seamless when moving from one step to another, as your contact will bring in the appropriate resource to assist in help make the transactions quick and easy” – Martin McMurray, 5 stars on Trustpilot
The Top Reasons to Consider Goldco for Your Precious Metal Investments
Goldco prioritizes making the process of setting up a self-directed IRA and purchasing precious metals simple for all types of investors.
Excellent Customer Service
Customers can easily reach out to Goldco’s agents through phone and email for assistance, clarifications, or answers to their questions, even after the sale is complete. The agents will also handle all necessary paperwork to ensure accuracy.
Education Opportunities
In addition to top-notch customer service, Goldco provides various educational opportunities for potential investors. On their website, you will find informative videos, research reports, and blog posts about precious metals investing and the economy. Goldco is dedicated to fostering an informed customer base that can make investment decisions aligned with their long-term goals. The experts at Goldco are responsible for the educational content on the website, covering a range of topics, including financial knowledge on recessions and debt.
Accessible IRA Specialists
A standout feature of Goldco is the accessibility of its IRA specialists. Each customer is assigned an expert agent for professional guidance throughout the entire process. The specialists are knowledgeable about all aspects of the process and are available to answer any questions and provide clarifications. The main goal of Goldco’s salespeople is to inform and empower customers, not just close a sale.
Goldco's Agents Are Always Available to Help
At Goldco, customers never have to go through the process alone. With expert help, not only is the process more efficient, but it also saves customers time and money and gives them the confidence they need in their investment.
Goldco understands that many everyday customers may not have a good understanding of how investments and IRAs work.
That’s why Goldco’s agents are always ready to help and educate customers. They won’t look down on their customers, but instead, will provide honest and straightforward information.
At Goldco, the goal is for customers to feel confident in their investment decisions and trust the company. The IRA specialists provide clear and easy-to-understand information, without relying on complicated industry language.
Customers don’t need to be experts in the precious metals industry, they just need professional guidance from Goldco to feel confident in their investment.
Easy-to-Understand IRA Rollover Services with Goldco
Are you thinking about converting your current IRA into tangible assets? Goldco can help! They offer professional assistance with IRA rollover services that can simplify the process for you.
IRA rollovers can be confusing and complicated, but with Goldco’s help, you can make the transition smoothly. Plus, the best part is that Goldco offers 100% FREE IRA rollover services, so you don’t have to worry about any additional costs.
Secured Storage Solutions by Goldco
Goldco’s storage options offer secure and reliable protection for precious metals investments. Through partnerships with leading depositories, Goldco offers a range of storage options that comply with IRA legal policies and utilize state-of-the-art security technology.
Customers have the option to store their precious metals at the Delaware Depository, which has a 200-year history of safe storage and uses Class 3 vaults for added security. Customers also have the flexibility to choose their preferred storage option.
Get Access to Investing Tools at Goldco
Are you ready to make informed investment decisions? Goldco’s website has everything you need to get started. Just click on the “Request a Free Kit” button on the top of the page to access different sections that will help prepare you for retirement.
You can find more information on the website through eBooks, videos, and a FAQ section. These resources provide valuable facts and data to help you make the best decisions when it comes to investing in precious metals.
Some of the eBooks available include “How to Buy Gold and Silver”, “10 Reasons You Should Start a Gold IRA”, and “10 IRA & 401k Mistakes You are Making”. You can also watch educational videos such as “How to Open a Gold IRA”, “Why Buy Gold”, “Stock Market Crashes”, “5 Reasons to Roll Over Your IRA to Gold”, and “Can You Trust Mega Banks?” to further your knowledge and understanding of the investment process.
Goldco Review: Final Thoughts
In conclusion, Goldco is legit, and not a scam. Goldco is a top choice for investors. With its 15 years of experience, positive ratings from reputable organizations, and excellent customer reviews, it’s easy to see why.
The company prides itself on providing high-quality customer service, comprehensive education resources, and a team of industry professionals. They view their customers as part of the family and always aim to enhance their investment experience.
It’s no wonder that Goldco has earned a reputation as a trustworthy broker for precious metal investments. We highly recommend them to anyone considering investing in this sector.
Getting started with Goldco
Getting started with Goldco is easy and stress-free! If you’re thinking about changing your retirement plan, Goldco can help you every step of the way.
Here’s a simple guide to opening an account with Goldco:
Get a free gold kit: Before you make any long-term investment decisions, take a look at Goldco’s informative materials.
Open an IRA: Once you’re ready to invest in precious metals, Goldco experts will guide you through the process of opening a new account.
Fund your self-directed IRA: If you want to invest more than the contribution limit, you can roll over funds from an existing retirement account, such as a 401(k) or an IRA.
Buy your precious metals: Once your funds are ready, you can choose the gold or silver coins or bullion you want to invest in.
Frequently Asked Questions (FAQ)
Is Goldco a Legit Company?
Yes, Goldco is Legitimate Company. You can trust Goldco.
The company has received high ratings from two reputable organizations, the Better Business Bureau (A+) and the Business Consumer Alliance (triple A). With its commitment to providing quality customer service, reliability, and ethical business practices, Goldco has received numerous positive reviews from satisfied customers.
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