Thank you for visiting our Goldco review (2023). We have looked into the best gold IRA company Goldco and its customer ratings and complaints, IRA fees, buy-back program, promotions, gold IRA setup process, storage options, and much more.
| Goldco Precious Metals 24025 Park Sorrento, Suite 210 Calabasas, CA 91302  goldco.com[email protected] |
Products Available:
|
| Goldco is the leading provider of Precious Metals IRA’s. They pride themselves in customer service and the ability to help individuals diversify their retirement accounts. Inc. magazine ranked Goldco the 528 in its 35th annual Inc. 5000, a list of the nation’s fastest-growing private companies. |
Introduction Goldco Review
If you have not thought of investing in precious metals before, this is the time! In uncertain times, which we are in right now with a pending financial crisis, it is important to turn to safe haven investments to protect and grow your wealth.
“Precious metals should not be seen as an investment, but as financial insurance”, Trevor Gerszt – founder of Goldco Precious Metals.
Unlike stocks, bonds, and mutual funds that are all tied to the dollar, precious metals stand on their own.
Historically, precious metals move in the opposite direction of traditional securities like stocks, bonds, and mutual funds. When the stock market goes down, the price of gold and silver tends to rise.
If you are looking for a tried and true investment that can provide stability to your portfolio, consider a company like Goldco.
Goldco Review Overview
|
What Is Goldco?
The company was first established as Gerson Financial Group LLC, with a focus on business-to-business precious metals sales.
Founder Trevor Gerszt bought the firm in 2011, changing its name to Goldco Direct, which later became Goldco Precious Metals.
Goldco has its headquarters in Woodland Hills, California, and is a full-service precious metals firm that specializes in gold and silver IRAs but also sells precious metals directly to customers.
The company has helped thousands of people diversify, grow, and protect their wealth with physical metals like gold, silver, platinum, and palladium for fourteen years now.
Goldco’s mission is to help Americans protect their retirement accounts from stock market volatility and inflation through the use of precious metals.
Goldco’s specialty has always been the sale and delivery of gold and silver coins that are IRA approved and the Company specializes in helping you identify which precious metals are right for you.
Goldco also offers direct sales of precious metals coins and bullion to collectors and investors.
Inc. Magazine named Goldco the third fastest-growing financial services company in the US in 2015. And the Los Angeles Business Journal named it the 17th fastest-growing company in the greater Los Angeles Area.
In March this year, Sean Hannity also endorsed Goldco and supported the company’s growth initiatives to educate people about the benefits of buying gold and silver. As well as protecting their IRA, 401(k), TSP, or pension accounts with physical precious metals.
Since 2011 the company has grown from ten staffers to, by the close of 2016, over ninety employees.
Why Invest In Precious Metals?
Think back to the 2008 Great Recession. It was a devastating time for millions of investors and many people lost it all.
Now, due to the COVID-19 outbreak, we are in the middle of another financial crisis, and the effects on the economy will be long-lasting.
The managing director of the World Gold Council, Joseph Cavatoni, was on CNBC discussing the impact the Coronavirus is going to have on the price of gold.
Cavatoni quoted:
“Market risk and uncertainty are long term drivers of the price of gold, our expectation is we’re going to continue to face one of those two factors.”
Cavatoni is indicating that the price of gold is going to continue to rise, and this is just the start.
A lot of people know that when gold is used as an investment, it has been and still is a pretty good hedge against inflation.
With a gold IRA account, you can hold on to assets in the form of gold bars or gold coins and use it as somewhat of a shield against the market unpredictability that we are experiencing right now!
Even when a stock market crash or financial crisis is forecasted, the chances of seeing your money evaporate before your very eyes remain high, whereas assets can be protected from economic uncertainties once a gold IRA has been set up.
If you are looking to hedge against the COVID-19-related economic shutdown or any economic downturn, precious metals can provide the stability and protection you will need.
Goldco Offers The Following Services
Goldco offers two major services: Precious Metal IRAs and direct purchases.
Non-IRA Precious MetalsAny investor can buy precious metals through the company. You do not have to be a certain age or have earned income. When you buy precious metals outright, you can either keep them in a secure vault or have them delivered to your home—whichever you prefer. |
Precious Metal IRA’sAs long as you have earned income and are under age 70½, you are eligible for a traditional IRA. Goldco offers gold IRAs, silver IRAs, or a combination of both. Per IRS regulations, Goldco stores IRA precious metals in a third-party, state-of-the-art vault. It uses Equity Trust Company as its preferred IRA custodian. |
|
|
Why Precious Metals IRA?
Traditional IRA accounts may not be enough to provide for you and your loved ones post-retirement. Not if the economy continues spiraling out of control at this magnitude.
Investors are hungrier than ever for diversification, tirelessly searching for security and protection. They are looking for IRAs that will not disappear if the dollar does.
The only secure financial asset that has stood the grueling test of time is gold. A gold IRA permits individuals to diversify any portion of their retirement portfolio — including pre-existing IRAs and former 401k(s) with previous employers — by actually owning physical gold (and silver) within that retirement plan.
Investors can securely possess physical precious metals in a tax-deferred account.
Investors also have the option of a Roth gold IRA, which operates just like a conventional Roth IRA, allowing investors to invest after-tax dollars, accrue gains tax-free, and take distributions tax-free. The only difference is that a Roth gold IRA invests in physical gold coins or bars.
When it comes to precious metals investing, if you cannot take delivery of your precious metals investments at some point in the process, you are not really investing in precious metals, just paper investments.
Find out more information about investing in gold or precious metals IRAs in How To Invest Gold’s – Gold IRA Guide.
How To Start A Goldco Precious Metals IRA
For years, the Gold IRA Experts at Goldco have helped investors take advantage of little-known loopholes in retirement account rules that eliminate fees and taxes when exchanging stocks and bonds for physical metals like gold and silver.
If you want to jump on the precious metals bandwagon as well, the easiest way to start a Goldco Precious Metals IRA is to fill out an application online and you will be contacted by a Gold IRA Expert from Goldco.
As with all financial accounts, personally identifiable information such as social security numbers will be required during the establishment of an account.
If you do not already have a precious metals custodian company, Goldco will assist you in setting up an account with one of their recommended custodian companies.
As part of the setup process, Goldco will either mail or email you a comprehensive guide explaining the precious metals options for you to review before making a decision on what types of metals to place in your IRA.
Goldco provides “white glove service” – expert assistance from start to finish with knowledgeable reps and strategic partnerships with the most experienced and reliable custodians and depositories. Goldco also has a 100% Customer Satisfaction Guarantee so that you can feel completely safe.
IRA & 401(k) Rollovers
Do not worry about your existing retirement plan, Goldco makes the rollover process painless and easy.
The process in short:
- A Goldco specialist will help you open a new Goldco Precious Metals IRA and help you fund your account with your old IRA.
- Once the money from your old IRA transfers, a specialist will help you select precious metals that suit your needs and investing goals.
- You will be guided through every step and the whole process often takes about 10 business days.
As simple as that!
Find out more information about the gold IRA rollover and transfer process in Goldco Gold IRA: The Ultimate Gold IRA Rollover Guide.
If you later decide to sell your precious metals, Goldco will buy them back from you, and at a much better deal than from most coin dealers.
What Are The Criteria For The Buy-Back Program?Goldco will ask you to give them the first opportunity to buy back your metals when you want to liquidate (you will likely receive a higher price from Goldco than a random coin deal or broker who typically tries to make a lowball offer). You are not required to sell your metals back to Goldco. That is your choice to make. |
Is A Goldco Gold IRA A Safe Investment?
Yes, with over a decade of helping Americans protect and secure their retirement savings, a Goldco gold IRA is a safe investment!
First of all, a Precious Metals IRA Specialist at Goldco will hold your hand and walk you through the process of setting up your new IRA from start to finish.
Second, your precious metals investments will then safely be stored with a custodian, just like any other IRA asset. Gold IRA custodians specialize in storing precious metals and have secure vaults set up to keep your precious metals safe.
More so, they also carry insurance to ensure that, in the very unlikely event that some metals get stolen or destroyed by an act of God, your investments will be made whole.
We feel 100% comfortable saying that opening up a precious metals IRA with Goldco as your choice of gold IRA company is completely safe!
Now, let us move on and look at the essential part of this review: what Goldco’s existing customers say about their services.
Due diligence is important before investing money into anything, whether it is stocks, bonds, gold, or silver.
How do investors know they are working with a legit gold IRA dealer?
Fortunately, the World Wide Web makes it difficult for companies to hide. Clients/customers can go online and vent any frustrations they may have with the gold IRA companies.
Goldco remains a greatly respected company in its industry, at the same level as its highly regarded rivals and foremost among the sector’s leading competitors.
As you can see, it is difficult to find any negative reviews about Goldco, despite their fourteen years in business:
Goldco Reviews |
|
|
Precious metals IRAs at Goldco must pay storage fees every year.
For non-segregated storage, the annual charge is $100. For segregated storage, it is $150.
There is also a yearly IRA maintenance fee of $80. Once a retirement account reaches $100,000, the annual fee increases by $50.
In addition to the annual fees, there are also one-time charges. An IRA has a setup fee of $50 and depositing funds by wire is a $30 charge.
Adding up all the fees, we see that a Goldco IRA with non-segregated storage costs $260 for the first year (setup fee, wire fee, annual fee, and first year of storage) and $180 every year after that, assuming no additional wires.
While this may seem like a lot of fees, regular taxable accounts at Goldco have no fees of any kind. There are no annual fees, start-up costs, or storage expenses.
The required starting balance for an IRA is $25,000 (in certain cases $20,000 if it makes sense to the customer). For taxable accounts, the minimum is $3,500.
Precious Metals IRA Fees |
||||||||||
|
Goldco Fees For Non-IRA Transactions |
||||||
|
Goldco Investment Minimums
Wondering how much money you need to invest with Goldco? The chart below lists fees for IRA and non-IRA transactions:
Goldco Investment Minimums
|
Goldco offers free and prompt delivery for all cash sales. They also offer free storage for non-IRA transactions (if the customer prefers not to have the metals delivered to their home).
New Customer Specials
Goldco offers new customer specials that can save you a great deal of money:
- Goldco is waiving all fees during your first year when you open an account with at least $50k.
- Goldco is giving you 10% back in free silver. Applies no matter how big the transaction. Open a Gold IRA with $1M, and Goldco will send you $100,000 in FREE SILVER!
- You will earn 5% back in free metals when you place a qualified order over $50k.
- If you open an account with exactly $50,000, you could save up to $320 in fees and receive $2,500 worth of free metals depending on which ones you buy.
What About Storage?
Non-IRA metals can be stored at your home but not IRA metals. They have to be stored with a third party state-of-the-art vault (an IRA-approved depository). Goldco offers to assist you in transferring any gold or silver bullion that you purchase over to a secured vault.
Goldco customers can choose from multiple storage companies. The one Goldco recommends is Delaware Depository. It has a fortified facility with Class 3 vaults, insurance from Lloyd’s of London underwriters, and electronic security.
Two more options are Brinks in Salt Lake City and IDS in Dallas, Texas. The Dallas facility is the only one of the three to offer segregated storage. If you do not care for any of the three facilities that Goldco partners with, you can choose another.
Goldco Customer Education
Goldco makes customer education a priority. Goldco has a Knowledge Center on its website, where you can find everything from prices of gold, silver, platinum, and palladium to eBooks and videos.
Included in their eBooks are hot topics like:
- 10 IRA and 401k Mistakes You Are Making
- 10 Reasons the Dollar Will Crash
- How China Will Destroy Your IRA or 401k
- The Truth About Home Storage IRAs
- The American IRA and 401k Crisis
- How to Buy Gold and Silver
You can also find educational videos like:
- America’s Monumental Retirement Dilemma
- Things Are Looking Bleak for European Markets
- Stock Market Crashes
- Can You Trust Mega Banks?
- Five Threats to Your Retirement
- Invest in Hard Assets
In this video, for example, you will learn 5 reasons why it is a good idea to rollover your IRA to gold:
[youtube v=”1LhOYGqIFAM” maxwidth=”1200px”]
Pros And Cons Of Goldco
 |
 |
|
|
Goldco Q&A |
|
Question:Is investing in precious metals a good insurance policy against inflation, stock market crash, currency risk, etc? |
|
Answer: Yes. Gold and silver prices generally move in the opposite direction of paper assets and will, therefore, provide a good hedge against inflation. The weaker the dollar becomes, the better gold performs. In fact, the relationship between gold and the dollar is often seen as an inverse one. A weaker dollar normally results in a higher gold price while a stronger dollar results in a lower gold price. Gold and silver are a “safe haven” for those looking for shelter from more traditionally volatile investments, like stocks. |
|
Question: Do my precious metals have to be bars or can they be coins? |
|
Answer: While some coins can be included in Precious Metals IRAs, only certain coins are IRS approved for inclusion in IRAs. In fact, not all bars or bullion are IRS approved. The IRS maintains a list of acceptable forms of precious metals for IRAs. Goldco deals in a variety of precious metals for IRAs within IRS guidelines. |
|
Question: Can I choose any custodian and storage company or do I have to use Goldco’s recommended companies? |
|
Answer: Yes. While Goldco recommends Equity Trust Company as custodian option and Sterling Trust for storage, you can choose your own custodian and storage companies. |
|
Question: Can I store my precious metals at home? |
|
Answer: Non-IRA precious metals, yes. Not metals for an actual IRA. IRS rules forbid keeping your IRA precious metals at home or in a standard safety security box. They must be held by an approved non-bank trustee or a bank within IRS guidelines that restricts access and keeps all precious metals segregated by the customer. This ensures exact metals purchased by a specific customer are returned to that same customer once legal distribution requirements are met. In other words, just like a Traditional IRA, the access to the precious metals in your Precious Metals IRA must be restricted in specific ways to ensure deposit and disbursement laws are followed. |
|
Question: Are the values of the precious metals I buy for my IRA guaranteed? |
|
Answer: No. Like all investments, the future value of precious metals is not guaranteed and can rise or fall based on a variety of market influences. |
|
Question: When will I be eligible for distributions from my Goldco Gold IRA? |
|
Answer: At age 59½, you or the beneficiary of your Precious Metals IRA can start taking penalty-free distributions from the account, according to the IRS. |
|
Question: How long does it take to rollover a Traditional IRA into a Gold IRA? |
|
Answer: Usually around two weeks, although Goldco stresses each application is different and the amount of time varies on a case-by-case basis. |
|
Question: What is the advantage for customers to set up an IRA with Goldco as opposed to going to the custodian and setting it up with them? |
|
Answer: The customers do benefit from lower fees by going through Goldco and will receive top notch service and expert knowledge provided by Goldco’s IRA Department throughout the process from start to finish. The Gold IRA Experts at Goldco really make it as simple as 1, 2, 3, and help their customers navigate the process without a hitch. |
What To Watch Out For!
If a gold dealer would recommend investing all your capital into precious metals, the company does not have your best interest in mind. The whole idea is to diversify your assets.
The IRA Experts at Goldco will carefully consider your long-term investing goals and recommend the best solution for you.
Goldco Customer Service
Goldco has associates ready to answer any questions you may have or help you with account-related issues. The company’s normal business hours are:
| Monday to Thursday: | 8:00 am to 5:00 pm |
| Friday: | 7:00 am to 4:00 pm |
Verdict – Is Goldco The Best Gold IRA Company?
Customer/client satisfaction levels show proof of Goldco being the best, if not one of the best, gold IRA companies. It is difficult to find any discontent with this company and its stellar customer service.
Starting a new account with Goldco is also an easy tax-free process which is great. The process is quick and painless and you are guided every step of the way.
IRA investors get direct access to a specialist who takes care of the entire rollover process. Non-IRA investors get assigned an account executive who makes sure you’ll receive your precious metals on time.
It is safe to say that Goldco provides “white glove service” – expert assistance from start to finish with knowledgeable reps and strategic partnerships with the most experienced and reliable custodians and depositories. They will go above and beyond to make sure each customer is completely satisfied with their investment.
If you are thinking of rolling over a retirement account to IRA-approved gold and silver coins, then Goldco should be first on your call list!
| Fill in the online application and Goldco will pay your account fees for up to three years. |
Please feel free to reach out if you have any questions about this review. If you believe something is reviewed incorrectly, please let us know in the comment section below.
| Disclaimer: The owner of this website is not licensed as an investment advisor and, accordingly, does not make any recommendations regarding clients’ personal investment portfolios. It is recommended that you carefully evaluate and research the risks and rewards associated with investing in alternative assets such as physical precious metals and cryptocurrencies before you make a purchase. |
4 Responses
Hello there! Would you mind if I share your blog with my facebook group? There’s a lot of folks that I think would really appreciate your content. Please let me know. Thank you
Hi Darryl,
of course not. That would be great, thanks!
Let me know if I can answer any questions for you.
Cheers!
Stina Pettersson
The Future Is Your Creation
Un buen blog! Voy a marcar unos pocos de estos .. Saree Antoni Herc
Gracias mucho Saree!
Sincerely,
Stina Pettersson
The Future Is Your Creation