Could you please tell me why?
This Goldco Review will check out its precious metals products and silver, gold IRA services, and their reputation in the precious metals investments industry.
Without further ado, let's jump into the review!
Goldco at a Glance: Key Takeaways
Name: Goldco
Website: >> goldco.com (10% back in Free Silver)
Founder and CEO: Trevor Gerszt
Cash minimum: $3,500
IRA minimum: $25,000
Rating: 4.8/5
What is Goldco?
Let us start this Goldco Review by getting to know it first.
Goldco is a trusted and experienced, full-service precious metals company.
They specialize in taking care of gold and silver IRA rollovers.
They offer precious metals to be sold directly to their customers as well.
Established by Trevor Gerszt over a decade ago, Goldco's headquarters are in Calabasas, California.
Since its establishment, Goldco has been offering precious metals such as gold and silver coins and bars, as well as gold IRA services, including rollovers, to its customers.
In this way, their customers are given the opportunity to protect their retirement savings and securing their future.
The firm has received recognition from different publications.
In 2015, it was named by Inc.
Magazine as the 3rd fastest-growing financial services company in the U.S.
Furthermore, it was also named by the Los Angeles Business Journal as the 17th fastest-growing company in the greater L.A. area.
Being Endorsed By Sean Hannity
It is rare for precious metals companies to be endorsed by notable people.
However, lately, Goldco has been approved by Sean Hannity.
Who is he?
Sean is an American talk show host, conservative political commentator, and renowned author.
He even has his show, the Sean Hannity Show.
Sean emphasized that Goldco is the ONLY gold IRA company he has endorsed to everyone, including his family and friends.
Moreover, he stated that he learned that Goldco ranks as the best in their specialization because of his research.
This is a game-breaking situation because a man like Sean endorsed Goldco to everyone, knowing the precious metal company's potential and legitness.
He believes that Goldco is more than capable of helping people with their precious metal investments, especially today with the economic crisis that is happening lately.
Goldco's Treasure Trove: What's on Offer?
A Goldco review wouldn't be complete if we don't discuss its products and services.
Goldco has an extensive precious metals catalog that it offers to its customers.
Although it does not provide any platinum and palladium products, Goldco has a wide range of gold and silver precious metals, such as gold bars and coins and silver coins and bars, which are also IRA-eligible!
Due to Goldco's partnership with various mints such as Perth Mint, Royal Mint, U.S. Mint, and many more, the gold company has a lot in store for its customers.
Below is the list of the gold and silver products you can purchase from Goldco!
- Silver American Eagle
- Gold American Eagle
- Gold American Eagle Proof
- Silver American Eagle Proof
- Silver American Bald Eagle
- Silver Australian Spotted Eagle Ray
- Silver Australian Striped Marlin
- Gold Australian Striped Marlin
- Silver Australian Sea Turtle
- Silver Great Barrier Reef
- Silver First Moon Landing
- Silver Washington Monument
- Silver Lincoln Memorial
- Silver Lone Cypress
- Silver Survivor Tree Coin
- Silver Liberty
- Silver USS Texas
- Gold Liberty
- Silver Phoenix
- Gold Phoenix
- Gold Washington Monument
- Gold Independence Hall
- Gold Australian Sea Turtle
- Silver We The People
- Silver Mighty Mo
- Silver Mayflower
- Silver Valor
- Gold Valor
- Silver Military Guinea
- Silver Freedom & Hope
- Silver Maple Leaf
- Gold Maple Leaf
- American Gold Buffalo
- Gold Freedom
- Silver Freedom
- Silver Land of the Free - Bald Eagle
- Gold Freedom and Hope
- Gold American Bald Eagle
- Gold Lucky Dragon
- Silver Dragon
- Silver Lucky Dragon
- Gold Australian Saltwater Crocodile
- Silver Australian Saltwater Crocodile
- Silver World War I
- Silver World War II Victory
- Gold Military Guinea
- Silver 20th Anniversary Britannia
- Silver Britannia Lunar Series
- Gold British Lunar Series
- Gold Bars
- Silver Bars
One of Goldco's popular products is the limited edition 1 oz Silver coin that represents Chuck Norris' “Five Principles for Life: Faith, Family, Fitness, Freedom, and Fight.
These are the core values that the renowned actor lives by.
However, these are not IRA-eligible, meaning you cannot invest them in your self-directed precious metals IRA.
Nevertheless, owning a LIMITED EDITION silver coin inspired by the one and only Chuck Norris is still cool!
Your Golden Purchase: A Step-by-Step Guide
Goldco's precious metal direct purchase process is designed to be quick and easy for its customers. Here are the steps you need to do.
1. Create an account and sign the agreement.
Please create an account on its website and then sign the customer agreement.
2. Fund your account.
After creating your account, you can fund your precious metal purchases.
Goldco has a few options that you can choose from.
You can send them funds through bank wire or mail them a check to their office in Los Angeles.
Moreover, if you choose to check, they can send you a FedEx shipping label so that you will not pay shipping fees when you expedite your purchases.
3. Choose your precious metals.
Once your account is funded, you can start choosing which precious metals you want for your account.
After that, you can either have Goldco ship your metals to an independent insured depository directly to you, or your account may qualify for accessible storage.
Beyond Gold: Services That Shine at Goldco
A Goldco review would not be complete if we will not be discussing the various precious metal services that it can provide.
Currently, Goldco offers a wide range of services, including the following:
- Self-storage IRAs
- 401(k) Rollover professional assistance
- Gold and Silver IRAs
- Selling non-IRA precious metals (gold and silver) both in bullion and coins
- Buyback programs for the products purchased from them.
I would like to point out that Goldco offers fair prices for its buyback program.
Transparency and honesty are the foundation of the services and rates.
Goldco specializes in both gold and silver IRAs, also considered self-directed IRAs.
This way, you will ultimately control your gold IRA account.
You will have complete authority over it, 24/7 and can manage your account according to your goals.
I recommend you own a self-directed IRA with precious metals since they are proven effective against inflation and other economic issues.
Moreover, these are the 2 significant services it can offer its customers.
Precious Metals IRA
As I said, precious metals IRA is also a self-directed IRA.
You will have complete control and will set up your retirement savings.
To be eligible for Goldco's Precious Metals IRA, you must have earned an income and must be under age 70 and a half.
Goldco offers both gold and silver IRAs.
Usually, IRAs can store gold, silver, or both.
Goldco has more than capable professionals who can help customers pick the best options for their investment profiles.
Furthermore, following IRS regulations, Goldco stores its IRA precious metals through a third-party, state-of-the-art vault with locations nationwide.
It is partnered up with Equity Trust Company.
But there are also other partner custodians that you can choose from.
Non-IRA Precious Metals
Unlike the IRA Precious Metals option, anyone can buy non-IRA Precious Metals without meeting any required age or income.
There are various products such as gold bars, gold coins, silver bars, and many more.
Once you have purchased precious metals, you can store them in a secure vault or deliver them directly to your house.
Kickstarting Your IRA Journey with Goldco
Here are the steps you will undergo once you decide to start with Goldco.
This summary process starts from the contact phase to the IRA rollover finalization.
Step 1
First, contact a precious metals specialist by filling out this form.
Step 2
Once you want to move forward, the precious metals specialist will transfer you to a Goldco IRA specialist to care for you.
You can also set an appointment based on your preferences if you still need to.
Step 3
During your call with the precious metals specialist, he/she will collect all the necessary information from you that is needed to create your account, transfer your funds, and complete the application.
Step 4
When you have successfully applied, you can start funding it. When you do, an Account Executive will help you purchase the precious metals you have chosen for your IRA account.
That's the process that you will have to go through.
If Goldco has your preferred metals in stock, they can transfer them to your depository within a few business days.
However, if not, they will show up within 3 to 4 weeks.
Transparency First: Breaking Down Goldco's Fee Structure
Goldco uses a model designed to make its investors save money as much as possible.
First, Goldco has a minimum purchase of $25,000 to open an IRA account.
One thing to note with gold storage and custodianship fees; they all depend on which custodian company you choose.
The IRS requires this since it is a must that custodians handle IRA assets.
Depending on the custodian company, storage fees can range from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1% annually.
For cash purchases over $25,000, Goldco DOES NOT CHARGE ANY FEES!
With its IRA services, Goldco has its preferred custodian. This custodian charges a flat annual service fee, including a ONE-TIME set-up fee of $50 and a wire fee of $30.
Other than those, an annual maintenance fee of $100 will be charged. Lastly, customers have two options for storage services: segregated storage for $100 and non-segregated storage for $150.
Custodian and Depository Fees Summary
ONE-TIME set-up fee | $50 |
Wire fee | $30 |
annual maintenance fee | $100 |
annual maintenance fee | $100 |
annual maintenance fee | $150 |
Why Goldco Stands Out: Features That Make a Difference
To dive into this Goldco Review, we will discuss the features that highlight Goldco and make them unique.
Here are 7 of them.
Low fees
The first thing is the low fees.
They use a model that makes sure that investors save money.
Moreover, you don't have to pay any fees for your non-IRA transactions!
Buyback Program
Do you want to sell the precious metals you bought from Goldco?
No problem, because Goldco has an excellent buyback program.
They are willing to buy back the metals you've purchased.
This is very beneficial, as it can give you a higher price than selling to random coin dealers who might lowball you.
Excellent customer service
Another thing that makes Goldco so lovely is how they prioritize their customer support.
Whether you want to buy precious metals or want to open an IRA account, they have you well cared for.
They are available by phone and email.
Goldco assures you that you will be delighted.
Goldco treats its customers well, especially the new ones.
It has two special offers, which are:
- Get up to 5% back in FREE SILVER, when you invest $50,000 to $99,999.
- Receive up to 10% in FREE SILVER, when you invest $100,000 or more.
With all these, if you are a new investor who opens an account with exactly $50,000, you can save up to $320 in fees.
Moreover, you can receive $2,500 worth of free precious metals.
Not a bad deal, right?
IRA and 401(k) Rollovers
Another service that Goldco offers is its rollovers of current IRA accounts. What is it?
In simple terms, it is the act of converting intangible assets into tangible assets.
Without the help of professionals, the process can take a long time since it can be complicated and tedious, especially for beginners.
Goldco ensures that the rollover process (if you have an existing retirement plan) is quick and easy. Here are the steps:
1. Open a Goldco Precious Metals IRA
2. Your Goldco precious metals specialist will assist you in funding your account with your old IRA.
3. After the money transfers, the specialist will present you with various gold and silver bullion options and help you choose the ones that suit your goals and plans.
You don't have anything to worry about because your Goldco precious metals specialist will always be there for you to help you out.
Usually, this process takes ten business days from start to finish.
Educational Resources
When it comes to precious metal investments, knowledge is essential.
With that, Goldco ensures that its investors know the industry.
On its website, there is an extensive educational resource for its customers. Here are some of them.
- Downloadable eBooks that include 10 Reasons Why The Dollar Will Crash, The American IRA and 401(k) Crisis, and a 12-page Gold IRA Investment guide.
- In-depth blog about recessions, trade wars, and other topics.
- Educational videos regarding stock market crashes, dollar fluctuation, and many more
- Live price trackers for different precious metals
Great and State-of-the-art Storage Options
As I said above, Goldco follows the IRS Regulations, meaning you must store your IRA precious metals via a third-party depository.
With that, Goldco ensures that you and your precious metal investments are well-protected.
It uses state-of-the-art storage options.
Here are they.
Storage Providers | Storage Type | Annual Storage Cost |
|---|---|---|
IDS Texas | Segregated | $150 |
Brinks Salt Lake City | Non-segregated | $100 |
Delaware Depository (preferred) | Non-segregated | $100 |
The Delaware Depository is preferred since Goldco uses it by default.
It is a renowned depository with over 200 years of experience in the precious metals industry, 3-Class vaults, and state-of-the-art security and storage systems.
You can, of course, still, choose another storage or depository providers you prefer.
Precious Metals Specialists Are Always Ready
For the beginners out there, also for the more experienced ones, who will have a challenging time with their precious metals and IRAs, worry not.
Goldco's professionals and experts will always ensure you are in good hands.
Moreover, thanks to them, all processes will be made more accessible and efficient.
They are equipped with the knowledge and experience to help you make the best decisions for your investment.
Of course, their assistance will also be paired with honesty and transparency, which is very important in this industry.
There are several companies where employees practice unethical practices wherein they convince customers to decide and purchase products blindly.
Goldco does not just guide the customers through various processes but will also explain everything to them so they will be knowledgeable about their precious metal investments and the industry.
It is excellent that Goldco acknowledges the importance of education in this industry.
Goldco's FAQ
Are there any cryptocurrency IRAs?
Unfortunately, Goldco does not offer any cryptocurrency IRAs at the moment.
The gold IRA company only deals with gold and silver IRAs.
Can I store my precious metals at home?
Unfortunately, no. The Internal Revenue Service, or the IRS, has rules that forbid people to keep their precious metals IRA in their houses or a safety deposit box.
Storage facilities must restrict access and store their customers' precious metals separately.
This ensures your metals are safe, returned to you, cash in, and meet legal distribution requirements.
How long does a rollover take?
Rolling over a traditional IRA to a gold IRA usually takes two weeks to be completed.
When can I take distributions from my IRA?
Either you or the beneficiary of the IRA can start getting penalty-free distributions from the account at 59 and a half years old.
Can I sell to Goldco?
Yes, of course!
Goldco has an excellent buyback program for customers who wish to liquidate their precious metals.
What is the minimum purchase at Goldco?
The minimum purchase at Goldco is $25,000.
Are there penalties in transferring funds from an IRA or 401(k) to a gold IRA?
No. If the rollover process is done correctly, the funds can be transferred without paying taxes or penalties.
Can I buy precious metals without an IRA?
Yes, of course, you can! Goldco has a wide range of precious metals ready for you.
Plus, they offer storage services to ensure the safety of your gold and silver products.
What Others Are Saying: Goldco's Reputation in the Spotlight
Here in YourGoldIRAGuide.com, we value ratings and reviews of each company.
They give us an insight into what customers experience with the companies.
So with that being said, this Goldco Review will only be complete if we include its online reputation backed with past customers and investors.
Below are the Goldco reviews and ratings from various websites:
- Better Business Bureau (BBB) - A+ rating, 4.82 out of 5 ratings based on 685 reviews and 40 complaints, BBB accredited since 2011
- Business Consumer Alliance (BCA) - AAA rating, 5 out of 5 rating based on one review
- Trustpilot - 4.8 out of 5 rating based on 1239 reviews
- Trustlink - 5 out of 5 ratings based on 254 reviews and complaints
- ConsumerAffairs - 4.8 out of 5 rating based on 1684 reviews
- Yelp - 4 out of 5 rating based on 25 reviews
If you visited its BBB profile, it has current alerts. However, it is not much to worry about since the alert only says that consumers who wish to file complaints should contact Goldco directly.
However, Goldco has ZERO complaints in BBB!
That is a HUGE plus.
That proves that it is one of the most trustworthy gold IRA company in the industry.
Most of the customers enjoyed the products and services of Goldco!
Below are some testimonials and Goldco reviews of satisfied investors and customers.
As you can see, customers are not just satisfied with the products, but also the customer support.
Goldco representatives will assist you throughout the process.
So, if you are a beginner, you are in good hands.
These representatives are not mere employees but experts and professionals in precious metals.
With that, Goldco also values educating their investors, giving them resources to read to learn more about the market and how to wisely invest in precious metals to diversify their investment portfolios.
This adds points to Goldco's customer service!
But wait a minute; all companies could be better.
Of course, this gold IRA company has its fair share of negative reviews and some complaints.
But these are not significant concerns.
For example, the one below shared that customer representatives still need to get back to him and contact Goldco again.
This is very common for most companies, though.
And another one is when the precious metals arrive late.
Again, this is common since possible delays may happen during the shipping.
But on the bright side, the gold company has always replied to these Goldco reviews, showing excellent customer support and service.
Weighing the Gold: Goldco's Strengths and Shortcomings
Pros
Cons
Exploring Other Horizons: How Does Goldco Compare?
If you are still a beginner and cannot afford the minimum IRA deposit in Goldco, or maybe you want to invest in platinum and palladium products, here are some alternatives that you can choose from.
Each of these alternatives have their own strengths and weaknesses.
So be sure to check them out first before you make a decision.
Remember: Choose wisely because the company you will pick will be the factor that will decide on what your retirement will be.
The Verdict: Is Goldco Truly Golden or Just Glitter?
To conclude this Goldco review, it's time to answer whether they are a scam.
Fortunately, Goldco is a legit precious metals firm. It is a trustworthy gold IRA company.
The thousands of positive Goldco reviews online can attest to that.
Furthermore, it has been in the industry for years, providing excellent services to its investors.
This led to receiving recognition from different publications.
If you genuinely want to add precious metals to your portfolio or wish to purchase precious metals, then Goldco is an excellent choice.
The only concern I have is the minimum amount of money for depositing.
$25,000 is relatively high for the majority of the people.
Nevertheless, that amount will be worth it since this precious metal investment will cover your retirement!
If you want to learn more about Goldco, click on the image below to receive your own FREE GOLD GUIDE AND GOLD KIT!
Thank you so much for reading my Goldco review!
If you have any questions or comments, please leave them in the comments section below!