Goldco is one of the most popular gold IRA companies out there, becoming a leading player in the precious metals industry.
With over 10 years of experience helping customers make appropriate precious metals investments and protect their retirement savings, Goldco is a well-established gold and silver dealer.
However, as an investor, you may still have questions about this gold IRA company. Is Goldco worth considering for your investments? Is this firm trustworthy?
Here’s one of the most comprehensive and honest Goldco reviews you’ll come across. Read on to find the answers you need before investing your hard-earning money in precious metals.
Overall Rating 4.9/5
A+ rating with the Better Business Bureau
Average TrustPilot rating of 4.9/5
- Exceptional customer service
- Low yearly fees (see below)
- Outstanding customer reviews
Before choosing the right company to open a precious metals IRA, it’s crucial to understand its pros and cons. Making an informed decision can help you protect your investments and avoid headaches, issues, and potential losses.
Are you interested in Goldco’s product offerings and services? Find out what makes this company stand out among the competitors!
Pros
These are the pros of choosing Goldco for your retirement investments:
- Gold IRAs and Silver IRA experts
- Buyback program incentive
- Over a decade of experience in the precious metal industry
- Full-service precious metals dealer
- Thousands of positive customer reviews
- Solid reputation and high ethical standards
- Knowledgeable and dedicated account representatives
- Commitment to providing the best experience to customers
- Accessibility through various layers of support
- Easy and fast account set-up
- Best-endorsed company in the industry
- A+ rated by the Better Business Bureau
- Triple A rate by Business Consumer Alliance
- IRA-approved coins available
Cons
Here are a few cons of investing in a precious metals IRA with Goldco:
- Relatively high minimum investment requirement
- Reduced opportunities to invest in different types of precious metals (gold and silver only)
- No fee and price structure
- High storage fees
About Goldco
Founded in 2011, Goldco has become one of the leading precious metals dealers, with over $1 billion in gold and silver investments. Over the last few years, this company has experienced unprecedented growth, as it has managed to offer comprehensive solutions to protect retirement assets.
Goldco is a privately held precious metals IRA provider based in Los Angeles. As part of its goals, the firm helps customers protect their hard-earned money, save for their retirement, and diversify their portfolios.
Goldco’s business growth has been fueled by several factors, including the endorsement of several well-known figures and major media leaders, such as Chuck Norris, Stew Peters, Sean Hannity, and Ben Stein.
In addition, the firm offers advice to help people protect their standard IRAs, 403(b), 401(k), TPS, or similar tax-advantaged retirement accounts with a precious metals IRA.
Goldco offers more than gold and silver IRAs. With this company, you can buy precious metals directly. Moreover, this dealer has also been rated A+ by the Better Business Bureau (BBB) and Triple-A by the Business Consumer Alliance, thanks to its dependability, ethical practices, and first-class customer service.
Over time, Goldco has received several awards, honors, and accolades from different business publications that have recognized its successful growth.
Inc 5000’s prestigious list of Fastest Growing Private Companies has featured Goldco for six consecutive years. In addition, the American Business Awards has honored this dealer as “Company of the Year” for two years, and Los Angeles Business Journal ranked it as one of the 25 fastest-growing local firms.
Quick Summary
Founded in 2011
Committed to customer satisfaction
Gold and silver IRA expertise
Endorsed by different reputable personalities
Featured in several business publications
Multiple honors, accolades, and awards
Easy-to-follow guidance at every step of the investment process
Top-rated by the BB and BCA
Los Angeles-based
Advice from Goldco specialists
High ethical standards and dependability
Varied precious metals educational resources
Account Minimum: $25,000
Fees: Very low (details from Goldco below)
Promotion: $10,000 in Free Silver w/ $100,000 Investment
What Will I Learn?
Goldco has built a huge customer base over the past few years, but what makes people interested in this precious metals company?
Ongoing education and multiple resources are just a few of the benefits this dealer offers. Besides learning everything you need to know about precious metals investing before buying assets or opening a gold IRA or silver IRA account, you’ll know the best practices for protecting your retirement savings.
Goldco’s team understands that everyone wants to make sure their hard-earned money is safe while they enjoy their retirement, but it involves strategic planning. As a result, the company is committed to educating customers to help them make the best decisions.
If you work with this firm, you’ll learn about the pros and cons of precious metal IRAs, as well as the process of opening yours and the tax benefits you can enjoy. Furthermore, it’ll guide you through the whole process, so you can identify the best solutions to protect your wealth.
Goldco’s founders believe purchasing precious metals is an essential part of a comprehensive retirement savings strategy. Therefore, the company goes the extra mile to help its customers discover if this type of investment can benefit them.
In addition, this firm gives you insights into the country’s economic landscape with well-written and well-researched articles on key topics, such as if there’s a recession on the horizon or if gold and silver perform as expected.
Besides articles and market insights, you can also find detailed guides on buying precious metals and how to choose the best assets to diversify your investment portfolio.
The Management of Goldco
As mentioned, Goldco is a privately held company based in Los Angeles. Trevor Gerszt is often mentioned as its founder and CEO.
In addition, this precious metals dealer has over 60 employees and an executive team with over 10 key decision-makers, including the following:
Adam Gardiner – Chief Creative Officer (CCO)
Brian Rooke – Vice President
Jennifer Stearns – Vice President and General Counsel
John Koehler – President of Sales and Marketing
Sean Dozier – Vice President
There’s also a director, a vice president, and a general manager. This executive team has focused on boosting the company’s growth while offering multiple gold and silver coins to people who want to invest in their individual retirement accounts.
How is Goldco’s Reputation?
Even if you’re an expert precious metal investor, there’s no way you can know everything about this world. Therefore, before deciding if Goldco is the ideal company to buy gold or silver, you should consider its reputation.
In this step, it’s important to check Goldco’s review complaints and comments from previous customers. How was their experience? Did this company manage to offer the solutions and benefits it promised?
You won’t find Goldco Google reviews but can rely on different third parties that often assess whether a company is legit, such as the Better Business Bureau and Consumer Affairs.
Overall, Goldco has received positive reviews from previous and existing customers. While there are a few complaints and negative comments, most issues were resolved to ensure the customer’s satisfaction.
Also, most complaints were about unsolicited calls, which stopped after users sought help from Goldco’s support team.
Other complaints were related to customers perceiving that the value of the coins they bought from this dealer wasn’t accurate. However, Goldco offered to buy these assets back at a profit for clients.
Furthermore, this company has good ratings, including an A+ by the BBB, Triple-A by the BCA, 4.8 by TrustPilot, 4.8 by TrustLink, and 4.8 by Consumer Affairs.
Goldco Services
Before investing your hard-earned money, it’s important to know the services and products the firm offers.
One of Goldco’s main objectives is to facilitate the buying and selling of precious metals. However, the company focuses on gold and silver.
In addition, this dealer offers precious metals IRAs, specifically gold IRAs and silver IRAs. Learn more about what you can buy/get if you choose Goldco here:
Goldco Precious Metals IRA Services
Goldco offers precious metals IRA services. One of their specialists can guide you through the pricing and requirements to open an account, from signing the agreement to securing your purchase.
Also, as soon as you decide to open a gold or silver IRA account, a Goldco specialist will help you understand the company’s practices and terms.
Goldco wants to make the precious metal investing process more straightforward to benefit your retirement savings strategy. Therefore, you only need three steps to open and fund your self-directed IRA and buy your gold or silver coins.
Buy Gold and Silver Coins
Besides buying them through your individual retirement account, you can also purchase physical gold and silver out of your precious metals IRA.
After you choose and pay for them, these coins are shipped to a depository or to your doorstep. Some people qualify for a storage fee.
Many precious metals companies sell products made of gold, silver, platinum, and palladium. However, Goldco focuses on the first two. In addition, the company offers a buy-back guarantee for customers who want to trade their assets at a reasonable price.
Common Coins Goldco Offers
Do you think Goldco is the best place to purchase precious metals for your gold or silver IRA? Regulations on where to store these assets can vary depending on your strategy, whether you buy the coins outside or through an individual retirement account.
However, these are the products available:
Gold Products
Gold American Eagle
Gold Maple Leaf
Gold Australian Striped Marlin
Gold American Eagle Proof
Gold Wright Flyer
Gold Liberty
Gold Phoenix
Gold Washington Monument
Gold Independence Hall
Gold Australian Sea Turtle
Gold Valor
American Gold Buffalo
Gold Freedom
Gold Freedom and Hope
Gold American Bald Eagle
Golden Lucky Dragon
Gold Australian Saltwater Crocodile
Gold Military Guinea
Gold British Lunar Series
Gold Bars
Silver Products
Silver American Eagle
Silver American Eagle Proof
Silver American Bald Eagle
Silver Australian Spotted Eagle Ray
Silver Australian Striped Marlin
Silver Australian Sea Turtle
Silver Great Barrier Reef
Silver The Grand Canyon
Silver Wright Flyer
Silver First Moon Landing
Silver Washington Monument
Silver Lincoln Memorial
Silver Lone Cypress
Silver Survivor Tree Coin
Silver Liberty Bell
Silver Liberty
Silver Littoral Battleship
Silver USS Texas
Silver Phoenix
Silver We The People
Silver Mighty Mo
Silver Mayflower
Silver Valor
Silver Military Guinea
Silver Freedom & Hope
Silver Maple Leaf
Silver Freedom
Silver Land of the Free – Bald Eagle
Silver Dragon
Silver Lucky Dragon
Silver Australian Saltwater Crocodile
Silver World War II
Silver World War II Victory
Silver Veteran
Silver 20th Anniversary Britannia
Silver Britannia Lunar Series
Silver Bars
Cryptocurrency IRAs
Some IRA accounts allow holders to invest in cryptocurrency. However, Goldco doesn’t offer these assets. Gold and silver IRA holders can purchase physical precious metals instead.
What Makes Goldco Precious Metals Co Stand Out?
Goldco has grown exponentially in recent years, becoming a leading precious metal dealer, but what has made this company so popular?
Besides having an excellent reputation, this firm allows investors to open a gold and silver IRA to invest in physical precious metals. Although it may seem complex, Goldco makes this process easy and less time-consuming.
In addition, there are other reasons why you should consider Goldco if you plan to invest in a precious metals IRA. These are:
Solid Catalog of Products and Services
Goldco specializes in both gold IRAs and silver IRAs, so it’s a great choice for those looking for varied options to diversify their portfolios.
Furthermore, this precious metal company is committed to making owning physical gold or silver easier than ever. Therefore, Goldco offers a free kit with all the information you need to make these assets part of your retirement savings strategy.
Opening a Metal IRA with Goldco only takes a few steps, so it’s also ideal for both beginners and expert investors.
While it doesn’t offer as many products as most competitors, this company’s catalog includes high-quality coins and bars that can help you diversify your portfolio and protect your wealth.
Dedicated Customer Service and Account Representatives
Working with Goldco offers many benefits to investors. Having access to a dedicated account representative is one of the main ones.
Both new and experienced investors can get extra help to navigate through the gold and silver investing process.
From selecting precious metals to checking availability and knowing how to convert these assets to a gold IRA, an account representative will guide you through every phase of your investment.
Moreover, if you’re sure that opening a gold or silver IRA is the best option for your retirement strategy, a Goldco specialist can help you get started. After that, they’ll assist you while you select the precious metals and complete each required task.
Goldco’s customer service team is also available to answer all your questions and help you solve any issue that may arise.
The company has received many positive reviews. Most people praise its customer service, emphasizing that it’s exceptional. Goldco’s representatives are friendly, knowledgeable, and responsive.
Also, any customer service agent you contact will always go the extra mile to help you find the best solutions for your investment needs.
Excellent Reputation
As mentioned, Goldco has built an excellent reputation, becoming one of the country’s most reputable precious metals dealers. Compared to its competitors, this firm has managed to earn customers’ trust by providing effective solutions, offering top-class customer service, and following the best ethical standards.
Besides being one of the most reputable gold and silver IRA companies in the industry, Goldco also maintains excellent ratings and positive reviews. It’s one of the most important factors when choosing a firm to open your account and buy precious metals.
The firm has delivered exceptional customer services since it was founded more than a decade ago, which is enough to consider it one of the most reliable options to invest in.
Furthermore, Goldco doesn’t strive to hide complaints but to resolve them to ensure customers are 100% satisfied with its products and services.
Ongoing Education
As another of its greatest advantages, Goldco offers multiple resources to customers. If you check their website, you can find many articles on what you need to know to protect your wealth during turbulent times.
In addition, the company offers guides to help customers open their individual retirement accounts, fund them, and purchase the precious metals that can benefit their portfolio.
How to Start Your Gold IRA With Goldco
As mentioned, if you want to open a silver or gold IRA account with Goldco, you only have to follow three simple steps. These are:
1 Open Your IRA
In order to open your silver and gold IRA account, you just have to sign an agreement with the company to secure your purchase. A Goldco specialist will contact you as soon as you take the first step, helping you understand the firm’s terms and conditions.
Moreover, Goldco representatives will guide you through the entire process, so you can learn more about your precious metal investment and make informed decisions.
2 Fund Your Gold IRA Account
After opening the account, all you have to do is fund your Goldco precious metals IRA. The company allows users to roll over assets from their existing individual retirement accounts, such as TSP, 401(k), 403(b), IRA, or savings accounts.
In other words, you can transfer or roll over funds from your existing IRA to a new account where you can buy and hold precious metals. Typically, there are no tax consequences when you fund your gold or silver IRA using these methods.
3 Purchase Your Precious Metals
Once you open and fund your gold or silver IRA, the next step is to buy the precious metals you want to hold there.
If you aren’t sure about your purchase, don’t worry! As mentioned, Goldco also offers advice, as one of the company’s specialists will be with you throughout the process to help you understand your benefits and how to protect your wealth.
As you can see, Goldco reaffirms its commitment to making these investments easy and offers a no-hassle process for opening these accounts. Starting a gold or silver IRA isn’t rocket science.
If you choose Goldco and receive help from one of their specialists, you can open your self-directed IRA as if you were opening another account.
Funding a precious metal IRA can be time-consuming, as rolling over or transferring your assets from your existing IRA to your new account can be complicated.
However, you won’t be alone. From the moment you contact Goldco’s team for more information about their products or services, you’ll receive exceptional assistance and support.
Goldco Fees
Besides knowing the steps to open a precious metal IRA with Goldco, you should also know the fees. How much should you pay to set up this account? Do you need a specific budget to buy retirement assets?
Overall, precious metals IRA fees aren’t burdensome. However, as a holder, you must pay annual fees.
You can find many online brokerages marketing “free IRA accounts.” However, these offers are usually not legitimate. Most make a profit from charging money for certain broker-assisted transactions. Some dealers also make money by selling customers’ data to other firms.
However, while it may take you some time to find this information on the company’s website, Goldco is transparent about its fees from the moment you start the process to open your precious metal IRA.
Goldco Fees For Precious Metal IRA
Before delving into the costs you must cover to open a gold or silver IRA, it’s important to know that you don’t have to pay taxes. Transferring or rolling over your assets from your existing account to fund a new one won’t cost you a dime.
Many people worry about taxes because they believe they must pay huge fees to move their funds from their existing accounts to their new IRAs.
However, if you follow the recommendations during this process, you won’t have to pay taxes. Ideally, transactions are tax-free when you transfer or rollover your assets from custodian to custodian.
Now, to understand Goldco’s fee structure, consider the things you have to pay, which are the following:
Account Setup Fee
When you’re starting your precious metals IRA with Goldco, you must pay an initial fee. It’s a one-time fee of $50 that covers different costs, such as the firm’s work to open your account and paperwork.
Annual Account Fees
Also, after you open your silver and gold IRA, you must pay an annual account administration fee of $80 per year. This payment covers expenses related to the account’s maintenance.
Gold IRA Storage Fees
If you open a silver or gold IRA, you should store your precious metals in a bullion depository. Therefore, you also have to pay a storage fee, which is often flat and can vary from $100 to $150 per year, depending on the type you choose.
Before starting a Goldco precious metals IRA, consider set-up, annual maintenance, insurance, and storage fees to determine how much money you’ll need to pay for this service.
| One-Time Fees: | Price: |
|---|---|
|
Set-up fee for IRA |
$50 |
|
Wire fee |
$30 |
| Annual Fees: | Price: |
|---|---|
|
Maintenance fee |
$100 |
|
Storage fee |
$100 for non-segregated or $150 for segregated |
Goldco Fees For Non-IRA Transactions
The costs and fees for non-IRA transactions are also different. Goldco doesn’t have information about its fee structure for purchases or sales outside of individual retirement accounts.
However, fees often vary based on the current value of the precious metal. Fortunately, the company discloses that information on its website. When you check the section to buy or sell gold and silver, you can find these assets’ live market prices.
Also, if you want more information about costs or fees for buying and selling gold outside of your IRA, you can contact the company’s representatives.
|
One-time set-up fees |
$0 |
|
Annual maintenance fees |
$0 |
|
Storage fees |
$0 |
Goldco Investment Minimums
While fees can reduce your profit, Goldco promises to minimize what customers pay to offer a better experience.
Do you want to open a gold or silver IRA with Goldco? You can expect to pay around $180 in fees each year. However, there’s a price to pay for this fee reduction. The company requires a minimum investment of $25,000 to start a gold IR4.
Goldco says that the total fee is only 0.72% of this amount, which is a significantly low amount compared to other gold IRA companies. In addition, other types of accounts and investment options, such as 401(k) plans, charge around 0.8% in expenses each year.
|
Precious Metal IRAs |
$25,000 |
|
Non-IRA Transactions |
$3,500 |
Goldco Storage Options
As mentioned, storage fees may vary depending on the type you choose. This company offers two options:
Non-segregated storage: It means your coins and bars will be stored with other assets. Therefore, the fee you have to pay is lower – only $100 per year.
Segregated storage: It means your precious coins and bars will be stored separately from other IRA holders’ assets. Therefore, the fee is usually higher – $150 per year.
Who Should Invest With Goldco?
Goldco is an excellent precious metals investment company for both beginners and veterans. However, it’s important to take some considerations.
Those who are starting out in the gold and silver investment world should know that they need a high sum to open precious metal IRAs with Goldco. However, the company offers friendly resources and processes for investors with any level of experience.
Final Thoughts: Should You Invest with Goldco?
Investing in the precious metal market with Goldco is safe and straightforward. Therefore, as long as they can meet the minimum investment requirement, anyone can open a gold or silver IRA with this company and start buying precious metals to protect their retirement savings.
Goldco FAQs
Is Goldco a Reputable Company?
Yes, it is! Goldco is one of the most reputable precious metal IRA companies in the market. Read why here.
How Does Goldco Make Money?
Goldco makes money through transactions that involve the direct sale and purchase of precious metal coins. In addition, the company charges a fee for setting up gold and silver IRAs.
What Kind of Company Is Goldco?
Goldco is a privately held company that operates in the precious metals market. It’s a gold and silver dealer that can help you buy these assets directly or by transferring/rolling over funds from your traditional IRA.
Does Sean Hannity Endorse Goldco?
Yes, he does! Sean Hannity, a leading top talk show host, and conservative political commentator, has described Goldco as a “precious metals company that he recommends” to his audience, family, and friends.
When the United States was hit by rising inflation, increasing taxes, a skyrocketing national debt, and other negative economic events, Mr. Hannity endorsed Goldco’s product offerings. He cited gold and silver as safe-haven assets that could protect people’s retirement savings when their portfolios could be at risk.
Additionally, Mr. Hannity ranked Goldco as “the best at what they do,” stating that it’s the only precious metals company he would recommend to others.
Here’s another award you can read about.
How Much Does Goldco Charge?
As mentioned, you should pay around $180 in annual fees if you choose Goldco. However, it may vary depending on costs related to silver and gold storage, account maintenance, and others.
Does Chuck Norris Endorse Goldco?
Yes, he does! Chuck Norris, a renowned American actor, screenwriter, and film producer has partnered with Goldco, endorsing the company’s product offerings.
Additionally, Mr. Norris, who is also a military veteran and martial artist, has praised the company’s growth initiatives to educate people on the benefits of buying gold and silver to diversify their portfolios.
The actor has also encouraged others to invest in precious metals to protect IRA, TSP, 401(k), and pension account assets, especially during turbulent times when their individual savings for retirement may be at risk.
Mr. Norris said Goldco’s team has set the top standard for assisting everyone planning to invest in gold and silver, describing the company as his choice for protecting his hard-earned retirement savings.
Who Owns Goldco?
Goldco is privately held but was founded by its CEO Trevor Gerszt.
How Long Has Goldco Been Around?
Goldco was founded in 2011 and has been operating ever since.
How Much Does Goldco Charge for a Gold IRA?
Setting up a gold IRA with Goldco costs $50, but you must pay other fees related to storage and annual maintenance.
What Is the Minimum Investment for Goldco?
Goldco requires a minimum investment of $25,000.
How Does Goldco Work?
Goldco offers products and advice to customers to help them open precious metals IRAs and buy silver or gold. Both processes are straightforward.
Does Goldco Sell Precious Metals Without a Gold IRA?
Yes, it does! Goldco sells precious metals directly. You can buy them if you don’t have a silver or gold IRA.
About Edwin Cannon
Edwin Cannon has spent his entire career in the financial industry and specializes in alternative investments and surviving marketing turbulence. He started My Retirement Paycheck to help educate consumers about retirement investment options that aren't typically introduced by advisors.