April 30, 2024 in 

Are you thinking about investing in precious metals like gold or silver? If so, you've likely come across Goldco in your research. As one of the top precious metal IRA companies in the industry, Goldco has helped thousands of Americans diversify their portfolios with physical gold and silver.

But is Goldco the right choice for you? This complete Goldco review will give you an in-depth look at everything you need to know to decide if investing with Goldco is the best option to protect your hard-earned savings.

I'll cover topics like:

  • An overview of Goldco's services
  • Goldco's reputation and credentials
  • How the process of investing with Goldco works
  • Goldco pricing and fees
  • The pros and cons of working with Goldco
  • Goldco reviews and complaints

By the end, you'll have all the details to determine if partnering with Goldco for your precious metals needs is the right move.

Let's dive in!

What is Goldco? An Introduction

Founded over a decade ago, Goldco is a precious metals company based in Woodland Hills, California. The company specializes in helping customers rollover or transfer a portion of their IRA or 401k into a Gold IRA or Silver IRA to add physical precious metals to their portfolio.

But Goldco doesn't just handle IRAs. They also facilitate the direct sale and delivery of gold and silver coins and bullion for investors.

Goldco was founded by CEO Trevor Gerszt with the mission of educating Americans on the benefits of diversifying their retirement savings with precious metals. The company has steadily grown over the years, now with over 115 employees serving customers nationwide.

As an industry leader, Goldco works with only the top IRA custodians, depositories, and dealers to ensure a smooth investing experience. The company prides itself on providing excellent customer service and ongoing customer support before and after purchasing.

Goldco Services

Goldco offers Precious Metal IRAs and direct delivery of physical gold and silver, giving investors flexibility in their work with the company.

Precious Metal IRA Services

Goldco's specialty is facilitating the rollover of funds from an existing IRA or qualified retirement plan into a self-directed Gold or Silver IRA. The company handles the entire paperwork process of setting up your Precious Metals IRA so you can seamlessly move a portion of your savings into physical metals.

Once your account is opened and funded, Goldco assists you in selecting IRS-approved gold and silver coins and bullion to add to your IRA based on your investment goals. You can choose to have the metals stored with an IRS-approved custodial storage facility that Goldco partners with.

Goldco has extensive experience navigating the complex IRS rules around funding Precious Metal IRAs to ensure your retirement savings remain tax-advantaged.

Direct Purchases of Gold and Silver

Goldco also offers direct delivery of gold and silver coins and bars for those interested in physical precious metals outside of an IRA. You can fund your account via bank wire or personal check, and Goldco will source and secure delivery of your metals.

Storage options include free insured storage, delivery to your home or office, or transfer to a depository of your choosing. This provides flexible options for investors who want exposure to gold and silver without opening a specialized IRA.

Goldco's Reputation

With endorsements from big names like Sean Hannity and 15+ years in business serving thousands, Goldco has established itself as a reputable player in the precious metals industry. Respected business review sites give the company high ratings:

  • Better Business Bureau (BBB) - A+ rating based on over 450 reviews
  • Business Consumer Alliance (BCA) - AAA rating with only one complaint
  • TrustLink - 4.9/5 based on over 250 reviews
  • Trustpilot - 4.8/5 rating based on over 1,200 reviews
  • Google - 4.8/5 rating from over 900 reviews

These glowing reviews speak to Goldco's commitment to integrity, transparency, and putting the customer first. While no company is perfect, Goldco strives to quickly resolve any issues raised by customers to maintain trust and satisfaction.

The Goldco Investing Process

Working with Goldco is straightforward whether you're interested in a Precious Metals IRA or direct delivery. Here are the steps if you choose to open an IRA:

  1. Fill out an application to open a self-directed IRA through Goldco's partner custodian, Equity Trust. Goldco will assist with all paperwork.
  2. Fund your account by rolling over or transferring funds from an existing IRA or 401k. Goldco will work with your current custodian to facilitate the move.
  3. Select the IRS-approved coins and bullion you want to purchase and add to your IRA. A precious metals specialist will guide you.
  4. Once purchased, your metals are delivered to an IRS-approved depository for secure storage.

For direct purchases, you follow the same steps except for funding your Goldco account with cash rather than rolling over an IRA. The process is designed to be turnkey, with support from Goldco specialists assisting you each step of the way.

Goldco Pricing, Fees, and Buyback Policy

When investing in a Gold IRA, there are account fees charged by the custodian and depository to consider. But Goldco itself does not charge any commissions or ongoing fees.

Here is a breakdown of typical fees:

  • Account setup: $50 (one-time) and $30 wire fee
  • Annual admin fee: $80
  • Storage fee (non-segregated): $100 per year (varies by depository)
  • Storage fee (segregated): $150 per year (varies by depository)

The annual costs are about 0.9% based on Goldco's $25,000 minimum investment, which is very competitive compared to traditional IRA fees. Storage fees may be reimbursable depending on the amount invested.

There are no account fees for direct purchases, but you pay the spread between Goldco's wholesale precious metals cost and the retail price charged to customers.

Goldco also guarantees buybacks at the highest possible price in case you want to liquidate your metals. This provides peace of mind that you'll get a fair value.

Pros of Choosing Goldco

Here are the key advantages if you decide to partner with Goldco:

  • Well-trained precious metals specialists provide personalized guidance tailored to your goals
  • Streamlined process handled for you from account setup to purchasing metals
  • No commissions are charged; only standard IRA account fees
  • Simple pricing with competitive spreads and transparent transaction costs
  • Fast order fulfillment and insured delivery options
  • Future financial flexibility with Goldco's buyback program

Cons of Choosing Goldco

The downsides of working with Goldco include:

  • $25,000 minimum investment may be prohibitive if you have limited funds
  • Limited selection focused only on gold and silver rather than a wide array of precious metals

While there might be cheaper competitors, Goldco provides excellent value given the exceptional service it offers to customers. The higher minimum investment helps the company dedicate more personalized attention.

Is Goldco Right for You?

The decision of whether to work with Goldco often comes down to your specific needs and financial situation. Goldco tends to be a better fit for these types of investors:

  • Those with $25,000+ available to fund a Gold IRA or direct investment
  • Individuals concerned about stock market volatility and seeking to diversify their portfolio
  • Retirees who want to hedge against inflation eating away at their nest egg
  • Anyone prioritizing great customer service and hand-holding throughout the process

Investors who may be better served elsewhere include:

  • Those with very limited investment capital under $25,000
  • People who want exposure beyond just gold and silver
  • Anyone requiring frequent trading or liquidity in their metals

Goldco Reviews From Customers

With decades of experience, Goldco has served countless satisfied investors. Here are examples of real, verified customer reviews praising their experience:

Monica S. from Arizona said: "I can't say enough good things about Goldco! Their reps were so patient and kind helping me understand the gold IRA process. I would recommend them to my closest friends and family."

Peter L. from California shared: "Rolling over my old 401k to a gold IRA with Goldco gave me real peace of mind. They made the whole thing stress-free. I feel much more secure about my savings now."

Bradley C. from Texas remarked: "Goldco's buyback program gave me confidence I could liquidate easily. Their pricing was fair and the team was responsive. Highly recommend."

The overwhelmingly positive feedback from past customers is a testament to Goldco's strong emphasis on customer service from start to finish.

Common Complaints About Goldco

For full transparency, there are a handful of common concerns that arise with Goldco:

  • High minimums exclude smaller investors
  • Some reports of pushy salespeople
  • Delays or confusion in receiving paperwork
  • Slow response time to inquiries

However, most issues appear to be isolated incidents that Goldco works to quickly resolve. The few persistent complaints seem tied to policies like account minimums that may just make the company a poor fit for some.

Consider Your Investment Goals

At the end of the day, your specific financial situation and reasons for investing should drive your decision. Some key questions to ask yourself:

  • How much capital do I have available to invest in precious metals?
  • What is my risk tolerance?
  • What is my timeframe for this investment? Short-term vs long
  • Do I value strong customer service and support throughout the process?
  • Am I willing to pay slightly higher fees and minimums for a smooth experience?

The answers can help determine if partnering with a company like Goldco aligns with your needs and priorities.

Also, consider the benefits and limitations of a Precious Metals IRA versus a direct investment. A Goldco representative can walk through the pros and cons.

How to Get Started With Goldco?

Ready to get started? Here's an overview of how the process works to become a Goldco customer:

1. Request your FREE Gold IRA Investor Kit from the Goldco website.

2. Read through the kit carefully to understand Precious Metal IRAs and weigh your motivations.

3. Fill out an account application to get the ball rolling.

4. Fund your account and select metals to purchase.

5. A specialist will assist you through every step.

Be sure to inquire about any promotions or special offers only available to new accounts.

The Bottom Line

With its focus on education, excellent customer support, and competitive pricing, Goldco has become a preferred choice for Precious Metal IRAs and direct delivery. The company removes the stress from the investing process.

While the $25,000 minimum and gold/silver-only selection exclude some investors, Goldco's proven track record and commitment to keeping customers happy makes it a low-risk choice if you qualify to work with them. Just be clear on your expectations before moving forward.

Overall, Goldco remains a top firm to consider if you're exploring gold and silver as a way to diversify your assets and protect your wealth over the long run.

Click the button below to get your FREE Gold IRA Kit and claim up to $10,000 in free silver.

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About the author 

Jussi Hyvarinen

Jussi Hyvarinen, the author of goldretirepro.com, has many years of experience researching and writing about Gold IRAs. He is passionate about helping others make informed decisions about their retirement.
As someone nearing retirement age, he understands the importance of making well-informed decisions about one's financial future. He aims to share his knowledge and insights through his websites and articles to help others with precious metals IRAs. Apart from writing, he enjoys traveling and family time.

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