Goldco Review

Investing in precious metals has become a popular way to diversify investment portfolios. Among numerous companies offering such investment opportunities, one name stands out due to its reputation and the services provided to clients.

This is where an in-depth Goldco review can empower investors, giving them crucial insights into what makes the company a preferred choice for many.

Goldco stands out for its great customer service and for clarifying things for clients. They show you how to use gold and silver in your retirement savings. Customers and experts often say great things about how Goldco treats people and their money.

Goldco isn’t just about selling; it cares about its customers’ futures. It gives advice that fits each person, helping them meet their financial dreams with gold and silver.

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What Is Goldco?

Goldco is a well-known company that has spent over ten years helping people add gold and silver to their retirement savings.

Based in Calabasas, California, Goldco works with clients all over the United States. Goldco began in 2006, starting its journey in the precious metals market.

Founder: Tevor Gerszt

Trevor Gerszt started Goldco, a company that helps people invest in metals like gold and silver. He made Goldco to protect Americans’ money for when they retire. Keeping it safe from market ups and downs can make money less valuable over time.

Gerszt founded the company on the idea that gold and silver are more stable than stocks and bonds. This has earned Goldco a lot of respect and made it successful.

As an expert in precious metals, Gerszt often discusses how the markets work and why metals are important for a solid retirement plan. His guidance has made Goldco a trusted name in the industry.

Main Business Models

Goldco mainly helps clients spread their retirement investments by adding gold and silver. They offer:

  • Gold IRA Services: Goldco helps you start a gold IRA, which allows you to save gold or other metals for retirement.
  • Silver IRA Services: Like a gold IRA, silver IRAs let you save physical silver for retirement.
  • Direct Purchases: You can buy gold and silver directly from Goldco for your investment.
  • Retirement Planning: Goldco also offers tailored advice on how to plan for retirement with precious metals.

The Team

Goldco takes pride in its team of skilled advisors, customer support, and staff who guide clients on opening a precious metal IRA or buying directly. Their team’s knowledge is key, ensuring customers get advice that fits their personal investment aims.

Why Should You Invest In Goldco?

Investing with Goldco, the top gold IRA company, has many advantages. Here’s why picking Goldco as your investment partner is a smart move:

1. Top Of Its Game

Goldco is at the front of the pack and is known as the best gold IRA company in the United States. This means they’re trusted, have many happy customers, and are good at their work. When you invest with the leader, you know you’re safe.

2. Expert Help

Goldco has a lot of experience and knowledge of precious metals. They don’t just leave you to figure things out on your own. Instead, they guide you, helping you pick the right investments for your future. They make everything about gold IRAs super easy to understand.

3. Keep Your Wealth Safe

Gold has always been valued and keeps its worth over time. Putting your money into Goldco means you’re investing in gold, which keeps its value against a rise in living costs and drops in money value. This helps keep your savings safe for years to come.

4. Your Investment Is Secure

Keeping your gold safe is a big deal for Goldco. They ensure your gold is stored securely and your investment is looked after, giving you peace of mind.

5. Learn As You Go

Goldco gives you lots of information to learn about investing in gold. They want you to feel confident in your choices and understand the market. This knowledge lets you make smarter decisions.

Choosing to invest with Goldco isn’t just about putting your money into gold; it’s about picking a company that’s got your back and will ensure that your retirement savings are protected and well-managed.

What Products And Services Are Offered By Goldco

Goldco is known for helping people save for their future. It offers several products and services that allow people to invest in precious metals.

Products

When you think of Goldco, think of gold and silver. These metals are popular with investors because they have been valuable for a very long time and are a safe choice when the economy gets shaky.

Goldco makes it easy to buy gold and silver for your IRA, following all the rules to ensure you get the tax benefits. But Goldco doesn’t stop at gold and silver. They also offer platinum and palladium.

These metals are less common but can be good for your investment mix. Platinum and palladium can also go into an IRA, just like gold and silver, so you can save on taxes and add variety to your investments.

Gold:

  • Gold Innovation | Motor Vehicle
  • Gold Innovation | Space Shuttle
  • Gold USS Texas
  • Gold Great Barrier Reef | Stingray
  • Gold American Bald Eagle
  • Gold Washington Monument
  • Gold Australian Sea Turtle
  • Gold Independence Hall
  • Gold Phoenix
  • Gold Liberty
  • Gold Valor
  • Gold Australian Striped Marlin
  • Gold Freedom
  • Gold Freedom & Hope
  • Gold Lucky Dragon
  • Gold Australian Saltwater Crocodile
  • Gold British Lunar Series
  • Gold Maple Leaf
  • Gold Military Guinea
  • American Gold Buffalo
  • Gold American Eagle
  • Gold American Eagle Proof
  • Gold Bars

Silver:

  • Silver F-14 Tomcat
  • Silver Innovation | Motor Vehicle
  • Silver Innovation | Space Shuttle
  • Silver Great Barrier Reef | Stingray
  • Silver American Bald Eagle
  • Silver Land | Defenders of Liberty
  • Silver Land of The Free | Bison
  • Silver Columbus
  • Silver Remembrance Day
  • Silver Littoral Battleship
  • Silver Liberty Bell
  • Silver Mighty Mo
  • Silver Wright Flyer
  • Silver The Grand Canyon
  • Silver We, The People
  • Silver USS Texas
  • Silver Lone Cypress
  • Silver Washington Monument
  • Silver Survivor Tree Coin
  • Silver First Moon Landing
  • Silver Mayflower
  • Silver Valor
  • Silver Land of the Free – Bald Eagle
  • Silver Lincoln Memorial
  • Silver Liberty
  • Silver Veteran
  • Silver Australian Sea Turtle
  • Silver Phoenix
  • Silver Military Guinea
  • Silver Australian Spotted Eagle Ray
  • Silver Freedom & Hope
  • Silver Freedom
  • Silver World War II Victory
  • Silver Australian Striped Marlin
  • Silver Great Barrier Reef
  • Silver Dragon
  • Silver Australian Saltwater Crocodile
  • Silver World War I
  • Silver Britannia Lunar Series
  • Silver Maple Leaf
  • Silver 20th Anniversary Britannia
  • Silver American Eagle
  • Silver American Eagle Proof
  • Silver Bars

Services

Goldco is a leading provider specializing in self-directed precious metals IRAs and direct sales of precious metals like gold, silver, platinum, and palladium.

They assist with the setup of gold and silver IRAs, helping customers incorporate IRS-approved metals into their retirement accounts.

Goldco also supports individuals in rolling over existing 401(k) or other retirement plans into precious metals IRAs, providing step-by-step guidance to ensure compliance with IRS regulations.

In addition to IRA services, Goldco offers direct purchase and home delivery of precious metals. They provide extensive educational resources, including investment guides and market analysis, to help investors make informed decisions.

Goldco is known for its exceptional customer service, personalized investment advice, and secure storage options through reputable third-party depositories.

Their buyback program offers clients competitive prices, emphasizing convenience and security in all transactions.

1. Precious Metals IRA

Goldco can set up an IRA (a type of retirement account) for you that includes gold and silver. This is a smart way to save for the future because it can protect your money from inflation and market fluctuations.

2. Direct Purchase

If you want to buy gold, silver, or other precious metals directly, Goldco can help. This is great for people who want to have their metals close by or stored in a location they choose.

3. Buyback

Goldco’s buyback service is a simple way for people who have bought precious metals like gold and silver from them to sell their metals back to Goldco when they need to.

This is really helpful if someone needs cash or wants to take advantage of high metal prices. Goldco makes the process easy by giving a good price for the metals, based on what they’re worth at that time.

This means customers don’t have to worry about finding someone else to buy their metals. Knowing you can sell your metals back to Goldco easily gives peace of mind.

4. Storage

Goldco advises that gold IRAs, due to IRS rules, require secure storage at approved facilities and cannot be stored at home.

They partner with reputable depositories like Delaware Depository to provide safekeeping for your IRA precious metals. Gold IRAs offer benefits like diversification and protection against inflation with favorable tax treatments.

Goldco warns against “home storage” IRAs which can lead to IRS penalties, recommending only approved custodial services.

For non-IRA metals, customers may consider personal storage solutions such as safes, with some promotions even offering them for free. This ensures your investments are both secure and compliant with regulations.

Delaware Depository

One safe place Goldco suggests for storing your metals is the Delaware Depository. It’s known for being very secure and has insurance, so you can feel confident that your investments are safe.

How To Invest In Precious Metals IRA With Goldco

Investing in a precious metals IRA with Goldco is a streamlined and customer-focused process designed to make your shift from traditional investments to tangible assets as smooth and efficient as possible.

Here’s a walk-through of how you can confidently invest with Goldco below:

Step 1: Open an IRA Account

  1. Pick Your IRA: Choose between a regular self-directed IRA or a Roth self-directed IRA. If you’re moving money from a Roth IRA, the Roth option may be better for you.
  2. Find Your Money Source: Decide how you’ll put money into your new account. This is usually done by moving money from another retirement account, like an IRA, 401(k), or 403(b).
  3. Choose a Custodian and Fill Out Forms: Goldco works with Equity Trust to take care of your IRA. You’ll need to fill out some forms to start your account.

Step 2: Put Money in Your IRA Account

If you’re transferring money from another retirement account, contact the company that holds your account to get started. It’s smart to talk to a tax expert to make sure you do everything right tax-wise.

Step 3: Pick Your Metals

After your account has money, pick from Goldco’s selection of gold, silver, platinum, and palladium that meet IRS rules. Goldco’s team is there to help you out with their expertise.

Step 4: Agree to the Investment

Goldco will give you some papers to sign. This is to make sure the metals you buy are officially listed in your name and that you’re okay with how Goldco works.

When you use Goldco to add precious metals to your retirement, it’s not just about having different kinds of investments. It’s also about having a simple and safe process with a trustworthy company that knows what they’re doing.

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.”

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Goldco Reviews, Ratings and Complaints

Goldco has received lots of good comments from customers. This shows they care about offering great products and services.

Platform: Ratings: Reviews:
BBB (Better Business Bureau): A+ 1,021 reviews
TrustLink: 5/5 254 reviews
Trustpilot: 4.8/5 1,440 reviews
ConsumerAffairs: 4.9/5 1,687 reviews
Google My Business: 4.9/5 2,559 reviews

Positive Feedback:

  • Review Highlight: Ron expresses high satisfaction with Goldco’s professionalism and helpfulness. Despite his lack of knowledge in investing, the staff, including Darwin and Rafael, were very accommodating, answering questions thoroughly and even arranging calls during weekends due to the time difference. This reflects Goldco’s commitment to customer service and support.
  • Another one: A customer shared how happy they were with the service at Goldco. They didn’t know much about investing, but everyone at Goldco was really nice, helpful, and easy to talk to.

Complaints:

  • Significant Loss Reported: A customer reported transferring $37,968.27 to Goldco on 2/18/22, only to find that by October 2022, their investment value had plummeted to approximately $13,000—a loss of over 73%. After inquiring, they were told the coins held more value than stated, boosting the claimed balance to about $35,000. However, discrepancies continued, including unexpectedly high fees from the holding company and poor communication, ultimately leading to the customer transferring their account out of Goldco due to dissatisfaction with service and account management.
  • Quality of Metals Questioned: A critical one-star review warns potential buyers about the quality of metals Goldco offers. The customer faced challenges when attempting to liquidate the metals, as seven different reputable distributors refused to buy them due to quality concerns. Furthermore, the customer highlights Goldco’s buyback policy, which includes a 7-21% spread on liquidations, as misleading, indicating dissatisfaction with both the product and policies of the company.

Goldco has some happy customers who like how they are treated and helped. However, there are also some big worries.

If you’re thinking about using Goldco’s services, it’s a good idea to look into everything carefully first and think about all of this before you decide.

Pros And Cons Of Goldco

When considering investing with Goldco, it’s helpful to weigh the pros and cons to make an informed decision:

Pros:

  • Good with Precious Metals: Goldco knows a lot about gold and silver, which is great for people wanting to add these metals to their retirement savings.
  • Friendly Customer Service: Goldco is known for taking good care of its customers and helping them through each step of moving their retirement money into metals.
  • Happy Customers: Many people who use Goldco are happy with their service and say good things about their experience.
  • Lots of Helpful Info: They give out plenty of guides and tips to help you understand how investing in metals works, making it easier to make smart choices.
  • Safe Storage for Metals: Goldco works with secure places to keep your gold and silver, which meets the rules and keeps your investment safe.
  • Easy Account Moves: Goldco takes care of most of the paperwork and steps needed to transfer your retirement savings into metals, making it less stressful for you.

Cons:

  • High Start Amount: To start investing with Goldco, you need a good amount of money, which might be too much for some people.
  • Costs: There are various fees for starting, keeping, and managing a metal IRA with Goldco. These costs can add up and might not be very clear from the beginning.

Is Goldco A Legitimate Company?

Yes, Goldco is a real company that focuses on precious metals and precious metal IRAs. Founded in 2006, it has a good reputation and is backed by popular figures.

Goldco’s legitimacy is underscored by its accreditation and high ratings from respected industry organizations. It holds an A+ rating from the Better Business Bureau, a testament to its commitment to customer satisfaction and ethical business practices.

Additionally, it has received positive reviews and high ratings on consumer platforms such as Trustpilot, further evidencing its credibility and the quality of its services.

Top 3 Goldco Competitors And Alternatives

In the world of gold IRAs and precious metals, several companies compete for attention. Despite Goldco’s prominence, three main competitors offer impressive services that make them viable alternatives.

Let’s take a closer look at each of these competitors!

1. Augusta Precious Metals

Augusta Precious Metals helps investors learn a lot about precious metals. They give lots of good information and one-on-one talks.

Augusta is known for being clear about costs and offering top-notch customer service, making it a top pick for those who want to really understand their investments.

2. American Hartford Gold

American Hartford Gold makes sure you get the best price with their price match promise. Selling metals back to them is simple, and they’re always clear and honest. They focus on making their customers happy and supporting them in managing their IRAs easily.

3. Birch Gold Group

Birch Gold Group is great at giving personalized advice to fit what each investor needs. They teach their customers about investing and are upfront about all costs.

They are dedicated to helping and offering excellent service, making them a reliable choice for adding precious metals to your investments.

Frequently Asked Questions

Q1: What Kind Of Company Is Goldco?

Goldco is a prominent financial services company specializing in wealth and asset protection. They are renowned for providing precious metals IRAs, facilitating the purchase of gold and silver, and advising clients on investment strategies to hedge against economic uncertainty and inflation.

Q2: How Does Goldco Make Money?

Goldco profits by offering precious metals at competitive market prices and charging service fees for setting up gold IRAs. They also earn through buying and selling spreads on precious metals and may charge for ongoing IRA servicing, including storage, insurance, and management fees.

Q3: How Long Has Goldco Been In Business?

Goldco was established in 2006, which means they have been serving customers for over a decade and a half. Throughout this time, they have developed a reputation for expertise in precious metal IRAs and personal service in the investment industry.

Q4: Does Goldco Sell physical Gold?

Yes, Goldco sells physical gold along with silver, platinum, and palladium. Customers can purchase these for personal investment or as part of a self-directed IRA. Goldco offers assistance with both purchasing and securely delivering physical precious metals.

Conclusion

Finally, Goldco shines as a key company for investing in precious metals like gold and silver, especially for saving for retirement.

They are all about helping their customers understand their choices and making sure they’re happy. Goldco is great whether you’re already experienced with investments or just starting.

They make investing in precious metals easy and safe, showing they’re a trusted company to help grow your retirement savings.

For anyone wanting to add gold and silver to their investment mix, Goldco is definitely a smart pick!

NO.1 COMPANY
NO.1 GOLD IRA FIRM
9.8/10Our Score

PORS:

  • Given an A+ rating by the BBB
  • Reliable and trustworthy representatives
  • Bonuses for new clients
  • Setting up an account is efficient
  • Account support and access via multiple devices

CONS:

  • The minimum IRA investment is $25,000
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