Looking for a GoldCo review? You’ve come to the right place! In this blog post, I will discuss everything you need to know about GoldCo.
I will cover what it is all about, how it works, and whether or not it’s a good investment. So, if you’re thinking about investing in GoldCo, make sure to read this post.
GoldCo Review: Introduction and Credibility
GoldCo Precious Metals simply referred to as GoldCo, is a precious metals IRA company that has been in business since 2006.
The company is headquartered in Los Angeles, California, and is one of the largest precious metals IRA companies in the United States. GoldCo services over 50,000 clients and has over $500 million in assets under management.
The company offers services that include:
- Precious metals IRA accounts
- Gold and silver storage
- Free consultations
- A wide variety of precious metals to choose from
Clients can also buy precious metals directly from GoldCo without setting up an IRA account.
When it comes to credibility, GoldCo is among the most trusted and reputable precious metals IRA companies. The company is a member of the Better Business Bureau (BBB) and has an A+ rating. GoldCo is also accredited by the BBB and has been in good standing since 2006. The company has also been featured in numerous publications such as Forbes, CNBC, and The Wall Street Journal.
GoldCo enables clients to roll over any current retirement account, such as a 401k or 403b, into a GoldCo Precious Metals IRA without incurring any taxes or penalties.
GoldCo Reviews One of The Best Gold Investment Company (Pros & Cons)
When it comes to precious metal IRAs, you want to get an investment company you can trust with great customer service and at a reasonable price. As I have mentioned earlier, GoldCo is among the most trusted and reputable gold companies in the industry.
Here’s why GoldCo stands out among other precious metal IRA companies:
The company is a member of the Better Business
While this may seem like a small thing, it’s actually quite rare for a precious metal IRA company to be a member of the BBB. This shows that GoldCo is a legitimate and credible company.
The company has an A+ rating from the BBB
This is the highest rating that a company can receive from the BBB and it shows that GoldCo is a company that you can trust.
GoldCo is accredited by the BBB
Accreditation from the BBB is only given to companies that meet the highest standards of honesty, integrity, and customer service. This means that GoldCo is a company that you can trust.
The company has been in good standing with the BBB since 2006. This shows that GoldCo is a company that has a long history of being trustworthy and reliable.
Offers for new clients
GoldCo has some special offers for new clients. For example, new clients who buy precious metals worth at least $50,000 get 5% worth of free metals. This is a great deal that you won’t find at many other precious metal IRA companies.
Also, opening an account with at least $50,000 will get you a waiver on all fees for the first year. This is a great way to save money on fees, which can add up over time.
Great customer service
You will agree with me that customer service can be a make or break for any company. Luckily, GoldCo has great customer service. The company has a team of knowledgeable and friendly customer service representatives who are always ready to help you with anything you need.
State-of-the-art precious metal storage services
The IRS requires that clients who have precious metal IRAs must store their metals in a secure and insured third-party facility. GoldCo has state-of-the-art storage facilities that meet all the requirements set by the IRS. This means that your metals will be safe and secure at all times.
You want a gold investment company that does not stop educating you on the precious metal market. GoldCo has an extensive education center that covers everything you need to know about investing in precious metals.
Their website has great resources on various topics such as trade wars, the economy, and the precious metal market. You can also sign up for their newsletter to get timely updates on the precious metal market.
When it comes to fees, GoldCo is very competitive. For example, if you want a gold IRA, you will only pay $260 for the first year, and $180 for each subsequent year. This is much lower than what other companies charge for gold IRAs. You pay nothing for non-IRA accounts.
401(k) and IRA rollovers
Another big advantage of GoldCo is that they allow clients to roll over their 401(k)s and IRAs into a precious metal IRA without incurring any taxes or penalties. This is a great way to diversify your investment portfolio and protect your retirement savings from the volatile stock market.
The buyback program
Say, for whatever reasons, you want to sell your gold or other precious metals. GoldCo has a very generous buyback program that will allow you to sell your metals back to the company at market value, minus a small fee. This is a great way to get your money back if you need it in an emergency.
There are many other reasons why GoldCo is one of the best precious metal IRA companies out there. I highly recommend that you check them out if you’re thinking about investing in precious metals.
However, just like any other business, GoldCo has a few drawbacks. They include:
High minimum investment requirements
If you want to open an account with GoldCo, you need to have at least $25,000 to invest. This is a bit higher than what other companies require.
You cannot add existing assets
GoldCo requires that any precious metals you want to add to your IRA must be purchased through the company. This means that you cannot add any existing assets you have to your GoldCo IRA.
Investing in Gold with Goldco (GoldCo Precious Metals Option)
You can easily invest in gold with Goldco by opening a self-directed IRA account and then buying gold bars, coins, or other precious metals from them. The process is simple and straightforward, and you can get started with as little as $25,000.
Once you have your account set up, you can add money to it at any time and then use that money to buy gold or other precious metals. Goldco offers a wide variety of different precious metal products, so you should be able to find something that meets your needs.
Note that IRS requires all gold IRA investment providers to meet the quality and fineness standards. All gold types purchased must be at least 0.995 fine, and all other precious metals must meet the minimum 0.999 purity requirements.
Here are some of the types of gold you can invest in or buy from GoldCo:
Gold American Eagle: There are two types of Gold American Eagles, that is Type 1 and Type 2. Type is the American official bullion coin with a face value of $50 while Type 2 is the proof American Eagle coin with a much higher collectible value.
Gold Canadian Maple Leaf: This is the official 2021 bullion coin of Canada. The Gold Canadian Maple Leaf has a face value of $50 and is made from 24-karat gold. It is one of the most popular coins among investors and collectors. It has a 0.9999 gold purity.
American Gold Buffalo: The American Gold Buffalo is a 24-karat gold coin with a face value of $50. It was first minted in 2021 and is one of the purest gold coins in the world with a 0.9999 gold purity.
Gold American Eagle Proof: The Gold American Eagle Proof is a collector coin with a face value of $50. It is made from 22-karat gold and has a 0.0167 gold purity.
Gold Australian Stripped Marlin: The Gold Australian Stripped Marlin is a coin with a face value of $25 AUD. It is made from 24-karat gold and has a 0.9999 gold purity.
Gold British Lunar Series: The Gold British Lunar Series is a coin with a face value of £25. It is made from 24-karat gold and has a 0.9999 gold purity.
Gold Liberty Coin: The Gold Liberty Coin is a coin with a face value of $25 Niue. The 0.25-ounce coin is made from 24-karat gold and has a 0.9999 gold purity.
Gold American Bald Eagle: The Gold American Bald Eagle is a coin with a face value of $25 TVD.
Gold bars: Gold bars are a popular choice for investors because they offer a variety of sizes and weights. Gold bars typically range from one gram to 400 ounces.
Other types of gold coins you can invest in at GoldCo include:
- Gold Austrian Philharmonic
- Gold Lucky Dragon
- Gold Australian Saltwater Crocodile
- Gold Military Guinea
- Gold Freedom and Hope
- Gold Freedom Coin
- Gold Valor
You can also invest in silver, platinum, and palladium at GoldCo. These are some of the products they offer:
- Silver American Eagle (Both Type 1 and Type 2)
- Silver Liberty Coin
- Silver American Eagle Proof
- Silver Canadian Maple Leaf
- Silver British Lunar Series
- Silver Valor
- Silver Great Barrier Reef, among others
Other precious metals that GoldCo offers include the Palladium American Eagle, and the Palladium Maple Leaf. You can also purchase precious metals in the form of bars or rounds.
Note that all these precious metals have different values and are priced differently. You will need to do your own research to find out which option is best for you.
When it comes to storage, Goldco offers a variety of options including segregated, allocated, and unallocated storage. Segregated storage means that your precious metals are stored in a separate area from other clients’ precious metals. This option offers the highest level of security and protection for your investment.
Allocated storage means that your precious metals are stored with other clients’ precious metals, but they are still segregated and accounted for separately. This is a more economical option than segregated storage. Unallocated storage is the most economical option and means that your precious metals are stored with other clients’ precious metals. They are not segregated or accounted for separately.
GoldCo also offers a variety of ways to purchase precious metals including through their website, over the phone, and in person. They accept a variety of payment methods including credit cards, bank wire transfers, PayPal, and personal checks. You can also set up an automatic monthly purchase plan.
GoldCo offers a wide range of services for investors including:
Precious Metals IRA Accounts
If you are looking to open a precious metal IRA, GoldCo can help. They offer a variety of IRA account options including:
- Self-directed IRAs
- Roth IRAs
- Traditional IRAs
- Rollover IRAs
- SEP IRAs, and more
Current Retirement Pan Rollover
Do you have a current retirement plan with another company? GoldCo can help you roll it over into a precious metals IRA. If you, for I stance, have a 401(k), a 403(b), a Roth 401(k), or another type of retirement plan, they can help you roll it into a self-directed IRA so that you can invest in precious metals.
Gold and Silver Coins and Bars
If you just want to buy gold or silver coins or bars, GoldCo can help. They offer a variety of products including:
- Gold bars
- Gold coins
- Silver bars
- Silver coins, and more
You can also purchase platinum and palladium at GoldCo.
Precious Metal Storage Services
This is another great service offered by GoldCo. They offer a variety of storage options including:
- Delaware Depository: This is a non-segregated storage option that offers the convenience of online ordering and shipping.
- Texas International Depository Sevice Group: This depository charges $150 for segregated storage and $100 for unallocated storage.
- Brinks: This is another non-segregated storage option that offers the convenience of online ordering and shipping.
These are some of the storage options offered by GoldCo. You will need to decide which one is best for you based on your needs and preferences. You can always contact GoldCo and speak to a representative to get more information about the different storage options.
Sometimes, things happen and you may need to sell your precious metals. GoldCo offers a buyback program that allows you to sell your precious metals back to them at the current market price. This is a great service to have in case you ever need to sell your investment.
Non-IRA Precious Metals
Another great service offered by GoldCo is non-IRA precious metals. With GoldCo, you can be sure that you are getting the best possible price for your precious metals. They offer a variety of payment options and will even ship your precious metals directly to your door.
Looking to learn more about investing in precious metals? GoldCo offers consultation services to help you learn more about investing. They can answer any questions that you may have and help you get started on the right foot.
These are just some of the services offered by GoldCo. As you can see, they are a full-service gold company that can help you with all of your precious metal needs. Whether you are looking to invest in a precious metal IRA, purchase gold and silver coins and bars, or just learn more about investing in precious metals, GoldCo can help. Contact them today to get started.
Goldco IRA Reviews
Customer ratings of a company tell you a lot about the company’s character, credibility, trustworthiness, and ability to meet customer expectations. Goldco has been in business for more than a decade and during this time; they have been rated by numerous clients and various online bodies.
Here are some of the GoldCo IRA reviews and customer ratings to help you make an informed decision about the company.
Better Business Bureau
The Better Business Bureau (BBB) is one of the most reliable online customer review platforms. The platform rates businesses on a scale of A+ to F depending on various factors such as the number of complaints filed, and the length of time the business among others.
As of May 2022, Goldco has been rated A+ by the BBB. This is the highest rating that a company can get on the platform. This tells you that the company is credible, trustworthy, and has a good track record of meeting customer expectations.
BBB Customer Rating
GoldCo has been reviewed and rated by over 210 customers on BBB. Overall it has a 4.89/5 rating which is one of the highest customer ratings on the platform. The company has a 96% positive rating with most customers praising it for its excellent customer service, fast shipping times, and great prices.
As of March 2022, GoldCo scored 4.7/5 stars on Trustpilot. This is one of the highest customer ratings on the platform. This is after more than 600 customers reviewed the company. The company has a 91% positive rating with most customers praising it for its excellent customer service, fast shipping times, and great prices.
By March 15th, 2022, GoldCo had a 4.7/5 rating on Google. This is one of the highest ratings that a company can get on the platform. The company has been reviewed by over 500 customers with most of them giving it a positive rating.
From the Goldco IRA reviews and customer ratings above, it’s evident that the company is credible, trustworthy, and has a good track record of meeting customer expectations.
The company has been in business for over a decade and during this time, it has built a solid reputation as a leading provider of precious metal products and services. If you’re looking for a reputable company to work with, Goldco is definitely worth considering.
GoldCo FEES and Costs
Perhaps you have already made up your mind about working with GoldCo and are now wondering about the fees and costs associated with their services. In this section, we will take a look at the various fees charged by the company.
GoldCo Account Setup Fee
The first fee that you will be charged is the account setup fee. This is a one-time fee that is charged when you open a new account with the company. The account setup fee is $50 for all account types.
The wire fee is charged when you make a deposit into your account using a wire transfer. The fee is $30 for domestic wires. It may be higher for international wires.
Annual fees are charged to cover the costs of maintaining your account. The annual maintenance fee for a Gold IRA is $80. There are no annual fees for non-IRA transaction accounts.
The storage fees are charged to cover the costs of storing your precious metals. For segregated storage, the fee is $150 per year. For non-segregated storage, the fee is $100 per year.
Note also that the minimum purchase amount for precious metal IRAs is $25,000. The amount for a non-IRA transaction account is $3,500.
New clients get a waiver on all fees if they open an account with at least $50,000. So if you are planning on investing that amount or more, you will not have to pay any fees at all for the first year.
These are some of the most important fees that you need to be aware of when working with GoldCo. As you can see, the fees are very reasonable and are in line with what other companies in the industry charge. It is always a good idea to call support before making a purchase to get the most up-to-date fee schedule.
Here are some of the most important questions you may ask about GoldCo:
Is GoldCo a Legit Company?
GoldCo is a legit company that has been in business for over 10 years. The company is based in Los Angeles, California, and is one of the leading providers of precious metal products and services.
Who is Goldco Precious Metals For?
Goldco is for anyone who is looking to have some physical investment. This company is good for you if:
- You want to have your own physical investment
- You are looking to invest in gold or other precious metals
- You want to protect your investment from the volatility of the stock market
- You are almost retiring and need to diversify your investment portfolio
- You are looking for a company with a good reputation and track record
What Are the Advantages of Working With Goldco?
There are many advantages of working with Goldco. The company has a very high rating on Google with most customers praising it for its excellent customer service. Other advantages include:
- The company has been in business for over a decade and has built a solid reputation as a leading provider of precious metal products and services.
- The company offers a wide range of precious metal products including gold, silver, platinum, and palladium.
- The company offers both segregated and non-segregated storage options.
- The company offers a free storage program for first-time customers.
- The company has an A+ rating with the Better Business Bureau.
Do people trust Goldco?
Yes, people trust Goldco. The company has a very high rating on Google with most customers praising it for its excellent customer service.
How much money do I need to open an account with Goldco?
The minimum amount you need to open an account is $25000 if you want a precious metal IRA. You need at least $3500 if you are looking for a non-IRA transaction account. Of course, there will be other fees as discussed above. If you open an account with $50,000, you will not have to pay any fees for the first year.
What are some of the fees I need to be aware of when working with Goldco?
The main fees are the account setup fee, wire fee, storage fee, and annual maintenance fee. The account setup fee is $50 and the wire fee is $30. The storage fees are $100 per year for non-segregated storage and $150 per year for segregated storage. There is also an annual maintenance fee of $80 for IRA accounts.
How to Start a GoldCo IRA Account with Precious Metals
Getting started with GoldCo is easy and only takes a few steps:
Visit Their Website
Head on over to the GoldCo website here and fill out the form to receive your precious metals IRA kit.
Get Your Free Kit
After you’ve completed the form, they will send you a free kit that includes everything you need to get started. The free kit will have, among other things, information about how to set up your account and what types of metals are best for IRAs.
Choose Your Metal
Once you have received your free kit, it’s time to choose the type of metal you want to invest in. GoldCo offers a wide range of precious metal products including gold, silver, platinum, and palladium. You can also choose to have a segregated or non-segregated account.
Decide on Your IRA Type
Now, you will need to decide on the type of IRA you want. You can choose from a Traditional, Roth, or SEP IRA. Each has different benefits and tax implications, so be sure to speak with a financial advisor to make the best decision for your situation.
Fill Out the Necessary Paperwork and Choose your Custodian
This is an important step because you will need to fill out paperwork and choose a custodian for your account. GoldCo offers a free storage program for first-time customers, so be sure to take advantage of that.
Fund Your Account
The next step is to fund your account. You will need to make a minimum deposit of $25,000 for a precious metal IRA. For a non-IRA transaction account, the minimum deposit is $3500. Again, bear in mind there will be other fees associated with your account.
You can now start buying precious metals and begin investing in your future. GoldCo makes it easy to get started with a precious metals IRA. Follow the steps above and you’ll be on your way to a secure retirement.
The above is a general outline of what you need to do to open a Goldco IRA account and start investing in precious metals. For more detailed instructions, be sure to consult the free kit you receive from Goldco customer support. You can also visit their website for more information.
Frequently Asked Questions about GoldCo
Is Goldco Reputable?
Yes, Goldco is a reputable company with an A+ rating from the Better Business Bureau. They have been in business for over ten years and have helped thousands of people invest in precious metals.
What kind of company is Goldco?
Goldco Precious Metals is a self-directed IRA company that specializes in gold and other precious metals. It is one of the largest and most well-known companies in the industry.
What is the best gold IRA?
Goldco is among the best gold IRA companies because they offer a wide range of precious metal products, have low fees, and provide free storage for first-time customers.
What is Goldco partner?
A Goldco partner is an individual or company that has a business relationship with Goldco. Partners can provide services such as storage, insurance, or transportation of precious metals.
Who owns Goldco?
The founder and CEO of Goldco is Trevor Gerszt. He started the company in 2006 with the goal of helping people invest in precious metals.
Are gold and silver IRAS a good idea?
Yes, gold and silver IRAs can be a good idea because they offer diversification, tax benefits, and potential for long-term growth. Be sure to speak with a financial advisor to see if a precious metals IRA is right for you.
When was GoldCo Founded?
Goldco was founded in 2006.