January 28, 2023

Goldco Review – Is It Really The Best?! (Updated For 2023!)

goldco review

Disclosure: “The owners of this website may be paid to recommend Goldco. The content on this website, including any positive reviews of Goldco and other reviews, may not be neutral or independent.”

This is a Goldco Review, a company that's one of the fastest growing in the industry right now.
If you are looking to safely get into precious metals in 2023, it's absolutely critical to find a credible firm who can help take care of you. This is of utmost importance especially now, wherein inflation rates are increasing, that it might reach recession.
Most importantly, if you wish to purchase precious metals, you need the most trustworthy and the best company in the industry. After researching dozens of firms, Goldco really seemed to stick out from the rest.

Why, you ask? Well, without further ado, let's jump into the review!

Goldco Review Quick Summary

Name: Goldco

Website: >> goldco.com (10% back in Free Silver)

Founder and CEO: Trevor Gerszt

Cash minimum: $10,000

IRA minimum: $25,000

Rating: 4.8/5

goldco review

What is Goldco?

Goldco, previously known as Goldco Precious Metals, is a trusted and experienced full-service precious metals firm. They specialize in taking care of gold and silver IRA rollovers. They offer precious metals to be sold directly to their customers as well.

Founded by Trevor Gerszt in 2006, Goldco's headquarters is located in Woodland Hills, California.

Since their founding, Goldco has been offering precious metals services to their customers, helping them secure, protect, and diversify their investments and wealth.

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.

How does it work?

Here are the steps that you will undergo once you decide to get started with Goldco.

This process is a summary that starts from the contact phase to the IRA rollover finalization.

Step 1

The first step is to contact a precious metals specialist  by filling out this form


Step 2

Once you want to move forward into the process, the precious metals specialist will transfer you to a Goldco IRA specialist to take care of you. If not, you can also opt to set an appointment based on your preferences.


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 to 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 pretty much the process that you will have to go through. If ever 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.

Goldco Services

Goldco specializes in both gold and silver IRAs. Moreover, these are the 3 major services that it can offer to its customers.

Precious Metals IRA

To be eligible for Goldco's Precious Metals IRA, you must have earned an income and must be under age 70 and half. Goldco both offers gold and silver IRAs.

Furthermore, following the IRS regulations, Goldco stores its IRA precious metals through a third party, state-of-the-art vault.

For its IRA custodian, Goldco uses Equity Trust Company.

Non-IRA Precious Metals

Unlike the IRA Precious Metals option, anyone can buy any non-IRA Precious Metals without meeting any required age or income.

Once you have purchased precious metals, you have the option to have them stored in a secure vault, or delivered directly to your house.

Goldco Fees

Goldco uses a model that is designed to make its investors save money as much as possible.

First things first, Goldco has a minimum purchase of $25,000 to open up an IRA account.

One thing to take note with gold storage and custodianship fees, they all depend on which custodian company you choose. This is required by the IRS since it is a must that IRA assets be handled by custodians.

With that, 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, which also includes a ONE-TIME set-up fee for $50 and a wire fee for $30.

Other than those, an annual maintenance fee for $100 will be charged. Lastly, for the storage services, clients have two options: segregated storage for $100 and non-segregated storage for $150.

Goldco IRA Fees Summary

ONE-TIME set-up fee

$50

Wire fee

$30

annual maintenance fee

$100 

annual maintenance fee

$100

annual maintenance fee

$150

As you can see above, it is not costly to set up an IRA account with Goldco. The prices are very competitive, as well as the fees.

So if you want to start with it, you can click the orange button below!

Goldco Features

To really dive in to 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 really makes sure that investors save money.

Moreover, you don't have to pay for 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 a great buyback program.

They are very much willing to buy back the metals that you've purchased. This is very beneficial, as it can give you a higher price compared to selling to random coin dealers who might lowball you.

Excellent customer service

Another thing that really makes Goldco so nice is how they prioritize their customer support.

Whether you are looking to buy precious metals or want to open an IRA account, they have you well-taken care of. They are available by phone and email. Goldco really assures that you are completely satisfied.

Special offers for new customers

Goldco really treats its customers well, especially the new ones. It has two special offers which are:

  • If you open an account with at least $50,000, all of your fees for the first year are waived!
  • By placing a qualified order of over $50,000, you can earn 5% back in free metals!

With all of 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

Goldco makes sure 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 very own 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 really 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 10 business days from start to finish.

Educational Resources

goldco free guide

When it comes to investments, knowledge is very important. With that, Goldco makes sure that its  investors are knowledgeable about the industry.

In its website, there is an extensive educational resources 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

Like I said above, Goldco follows the IRS Regulations, which means that you must store your IRA precious metals via a third-party depository.

With that, Goldco makes sure that you and your 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 of course, state-of-the-art security and storage systems.

You can of course, still choose another storage or depository providers that you prefer.

What about Goldco's Ratings and Reviews? (Updated February 2023)

Here in Your Gold IRA Guide, we really value ratings and reviews of each companies. They give us an insight of what customers experience with the companies. Below are the ratings and reviews of Goldco from various websites:

  • BBB - A+ rating, 4.82 out of 5 rating based on 464 reviews and 21 complaints, BBB accredited since 2011
  • BCA - AAA rating, 5 out of 5 rating based on 1 review
  • Trustpilot - 4.8 out of 5 rating based on 1068 reviews
  • Trustlink - 5 out of 5 rating based on 254 reviews and complaints

Clearly, most of the customers really enjoyed and the products and services of Goldco! Below are some testimonials of satisfied investors and customers.

Goldco Review 1
Goldco Review 2
Goldco Review 3
Goldco Review 4
Goldco Review 5

As you can see, customers are not just satisfied with the products, but also the customer support. Goldco representatives will really assist you throughout the process.

So, if you are a beginner, you are in good hands. These representatives are not mere employees, but they are 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.

Goldco Pros and Cons

Pros

  • A+ BBB Rating
  • Great customer services
  • Low fees
  • Positive customer ratings and reviews
  • Special offers for new customers
  • Educational resources
  • Free storage for non-IRA precious metals

Cons

  • No online account setup application
  • IRA minimum deposit starts at $25,000

Is Goldco A Scam?

To conclude this Goldco review, it's time to answer whether they are a scam or not.

Fortunately, Goldco is a legit precious metals firm.

It has been in the industry for years, providing excellent services to its investors. This led to receiving recognition from different publications.

If you truly want to add precious metals to your portfolio or you just want to purchase precious metals, then Goldco is a great choice. The only concern I have is its minimum amount of money for depositing. $25,000 is quite high for majority of the people.

If you want to learn more about Goldco, then click on the image below to receive your very own, FREE GOLD GUIDE!

Thank you so much for reading my Goldco review! If you have any questions or comments, please feel free to leave them below in the comments section below!

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