Goldco Review 2020 – The Best Gold IRA Company?

Is Goldco A Top Rated Gold IRA Company?
Goldco Review 2020 - The Best Gold IRA Company? The Future Is Your Creation
Goldco Precious Metals Review 2020
  • Best Overall Precious Metals Company
  • Exceptional Customer Service
  • Low Yearly Fees
  • Easy IRA & 401(k) Rollovers
5

SUMMARY

Outstanding Customer Reviews
New Customer Specials
A+ rating by the BBB
Customer Education Resources

Goldco

Goldco ​Precious Metals
21215 Burbank Blvd Suite 600
Woodland Hills, CA​ 91367

(877) 589-1223

goldco.com 

[email protected]

Products Available:

  • Bullion Bars
  • ​Bullion Coins
  • ​Self-Directed IRA
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.
I aim to provide the best and most accurate information to my readers on this website. Some of the links in this post are from sponsors. Read my Advertising Disclosure.

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’s specialty has always been the sale and delivery of gold and silver coins that are IRA approved and specializes in helping you identify which precious metals are right for you.

 

Goldco Overview

What Is Goldco?

Who Is Goldco Best For?

Why Invest In Precious Metals?

Goldco Offers The Following Services

Goldco’s Industry Reputation

Pricing And Transaction Minimums

Goldco Investment Minimums

New Customer Specials

What About Storage?

Goldco Customer Education

How To Start A Goldco Precious Metals IRA

IRA & 401(k) Rollovers

Pros And Cons Of Goldco

Goldco Q&A

What To Watch Out For!

Goldco Customer Service

Verdict – Is Goldco The Best Gold IRA Company?

What Is Goldco?

The company was first established as Gerson Financial Group LLC, with a focus on business-to-business precious metals sales.

Trevor Gerszt - Founder of Goldco Precious Metals.Founder Trevor Gerszt bought the firm in 2011, changing its name to Goldco Direct, which later became Goldco Precious Metals.

Goldco has its headquarter 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 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.

Since 2011 the company has grown from ten staffers to, by the close of 2016, over ninety employees.

 

 

Who Is Goldco Best For?

Goldco, the gold company you can trust, is a great choice for many types of investors, including those who:

  • Want to own physical investments. Unlike companies that could go under at any moment, precious metals will be around forever. If you want a tangible item in your portfolio that will never go out of style, precious metals may be a good choice.
  • Want to protect their wealth from stock market volatility. If the stock market makes you a little queasy, minimize your risk with precious metals that tend to move in the opposite direction of traditional securities. When the market is tanking, gold and silver can help you ride out the cycle until things start to swing back up.
  • Are nearing retirement and fear another financial crisis, like the one in 2008 and the aftermath of Covid-19 that is likely going on right now, precious metals add stability when you need it most.

 

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 facing 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.

If you are looking to hedge against this 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, but you can also purchase cryptocurrencies from Goldco’s sister company.

Non-IRA Precious Metals


Any 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’s


As 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.

 

Cryptocurrency IRAs


Goldco has a sister company, CoinIRA, which offers cryptocurrency IRAs for investors interested in digital currencies.

 

 

Goldco’s Industry Reputation


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 with 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

  • AAA Rating with the Better Business Bureau (their highest rating)
  • AAA Rating with the Business Consumer Alliance (their highest rating)
  • 243 Total Reviews with 5 Star Average Rating on Trustlink (their highest rating)
  • 206 Total Reviews with 5 Star Average Rating on Consumer Affairs (their highest rating)
  • Registered member of Ethics.Net
  • 505 Reviews with 5 Star Average Rating on TrustPilot (their highest rating)
  • Former Presidential Nominee Ron Paul has endorsed Goldco Precious Metals for gold and silver IRAs

Pricing And Transaction Minimums


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. For taxable accounts, the minimum is $3,500.

Precious Metals IRA Fees

Initial Setup Fees $50
Annual Admin Fees $80
Annual Storage Fees $100 (Non-Segregated) / $150 (Segregated)
Minimum Purchase Amount $25,000
Preferred Depository Delaware Depository

 

 

Goldco Fees For Non-IRA Transactions

One-Time Setup Fees $0
Annual Maintenance Fees $0
Storage Fees $0

 

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

Precious Metal IRAs $20,000 to $25,000
Non-IRA Transactions
$3,500

 

 

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.
  • 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?


Goldco does not offer any storage options for its customers. They also do not mention any preferred storage or vault partners on the website.

What they do offer is to assist you in transferring any gold or silver coins that you purchase over to a secured vault that is found in an IRA-approved depository.

The company does make an issue about not co-mingling any IRA precious metals in the storage facility, which means that they are encouraging one of several nationally known vaults like IDS in Delaware or Brinks Storage.

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 to why it is a good idea to rollover your IRA to gold:


 

Goldco Review 2020 - The Best Gold IRA Company? The Future Is Your Creation

 

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 has a 100% Customer Satisfaction Guarantee so that you can feel completely safe.

Goldco

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!

If you later decide to sell your precious metals, Goldco will buy them back from you, and to a much better deal than from most coin dealers.

 

Pros And Cons Of Goldco


  • Low fees
  • Free storage for non-IRA precious metals
  • Special offers for new customers
  • Exceptional customer service
  • Positive customer ratings
  • A+ rating by the BBB
  • IRA minimum deposits start at $25,000
  • Can’t setup an account online

 

Goldco Q&A

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 Self Directed IRA and Equity Institutional as custodian options and Sterling Trust for storage, you can choose your own custodian and storage companies.

Question: Can I store my precious metals at home?

Answer: No. 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.

 

What To Watch Out For!

If a gold dealer would recommend investing all your capital in precious metals, the company does not have your best interest in mind. The whole idea is to diversify your assets.

A legit and professional precious metals dealer, like Goldco, would only recommend investing about 50% of your assets into precious metals.

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

If you need any assistance, call Goldco at (877) 589-1223​ or fill out and submit an​ online contact form.

You can also send an email at [email protected]​.

If you prefer social networking, Goldco can be reached on either its Facebook page or Twitter account.

 
Goldco Review 2020 - The Best Gold IRA Company? The Future Is Your Creation
 

Verdict – Is Goldco The Best Gold IRA Company?


Yes, I among all happy Goldco customers are agreeing on Goldco being the best Gold IRA Company.

Customer 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 on 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 receive your precious metals on time.

With this being said, the final verdict is that if you are thinking of rolling over a retirement account to IRA-approved gold and silver coins, then Goldco should be on your call list!

Goldco

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 me know in the comment section below.

Stina Pettersson
The Future Is Your Creation
Email: [email protected]
thefutureisyourcreation.com

 

Goldco Review 2020 - The Best Gold IRA Company? The Future Is Your Creation
 


About The Author

Stina Pettersson - Founder of The Future Is Your Creation

Stina Pettersson is an aspiring entrepreneur who is working on achieving her goals as an online marketer.

Stina Pettersson is originally from Sweden but has resided in the U.S. for the past 7 years. She started her American journey in Miami, Florida, and recently moved to Austin, Texas.

Stina was active as a professional dancer for 21 years, but after ACL surgery in both knees, she was forced to slow down and now enjoys dancing as a hobby.

She recently went back to her roots with her beloved horses and also loves long nature walks with her two adorable dogs, Max and Abigail.

Stina has the gift of receiving communication from the spirit and extraterrestrial world which she also loves sharing with her readers.

“My main goal is to maintain a flexible lifestyle, where I set my own schedule. Even that I work hard, I love what I do every day, and I also have the opportunity to help other people which is a huge gift.”

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