Are you planning to invest with GoldCo? Read this first.
GoldCo is one of the most established precious metal companies. So I’ve decided to pit it against other gold IRA companies.
To my amazement, after I unpeeled every layer of information, I ended up finding out that this company might be the best one in the space.
Here’s the truth there are a few bad apples in the industry. This is why I’ve decided to investigate GoldCo.
By reading the review until the end, you will know if Goldco is the right fit for your needs. You see, Goldco has many positives and a few drawbacks as well.
Reading through the article, you will find out their fees and everything you need to know to make an informed decision. Investing in precious metals for your retirement portfolio is a big step.
Beginner investors might be on the fence. So let’s get this review started, and let’s see how Goldco fairs.
At a Glance:
* Annual Fees: $80 + Storage
* Minimum Investment: $25,000
* Special: 10% Back in Silver Coins for New Clients
* Bonus: First Year Fees Waived for New Clients
* IRS Approved gold, silver, platinum and palladium coins and bars
* Super helpful customer service who will answer all your questions
GoldCo Review – Why Do I Feel They Are The Best?
The company itself offers a variety of services for investors to take advantage of. While there’s the obvious of buying and selling the physical precious metals that it has available, there are a few others that people should be aware of.
For example, the firm also offers a market system.
As Goldco testimonials suggest, this is available to investors as soon as they become involved with the organization, and is of quite a high-quality. However, there are a variety of things that people should be aware of before doing so.
This is the case across any precious metals company, give the nature of their business. Investing can be quite a tricky and overwhelming process, which means that information can be key when making a decision.
Founded in 2006 and based in Woodland Hills, California, Goldco offers self-directed precious metal IRAs as an alternative to traditional investments. These IRAs are funded by gold, silver, platinum and palladium, or a combination of each.
GoldCo Partners Up With Ron Paul
In 2017, the company partnered up with Ron Paul in a joint effort to educate investors on the importance of protecting your IRA and 401k accounts. Read the Story on NewsWire.
The company takes advantage of the Taxpayer Relief Act of 1997, which made investing in specific bullion types legal. As a result of this, there has been a rush of companies sprouting up in the niche.
This has been a net positive for people looking to invest in precious metals, as there’s a wealth of options to choose from.
Goldco is one of the more notable ones for a variety of ways. Prominent among these is that it offers more than just the buying and selling of precious metals IRAs. Instead, they offer a few extra services that the majority of investors may want to take advantage of.
For example, the firm works with a variety of custodian companies to rollover services to new customers. This should allow clients to transfer their precious metals IRAs from another company to Goldco relatively easily.
While many Goldco testimonials note that the company is quite high-quality, there are a variety of things that investors should know before working with the firm. Since investing in an IRA will require a significant amount of research and consideration, it’s working digging into the firm in-depth.
The Gold & Silver Guide Covers:
Investing With Goldco
Investing in precious metals IRAs has become an increasingly popular option over the past few years, with this being driven by a variety of factors.
One of the most notable is that they’re not as volatile as stocks and bonds, which should be quite a noticeable benefit.
These are also tangible items to invest in, which could be an attractive option for many people.
Goldco offers a wide range of brokerage services in the niche, with the company operating within all Internal Revenue Service (IRS) guidelines. Alongside this, the firm buys back the precious metals or allows clients to sell them on the market once they begin using their distribution methods.
While the company doesn’t offer any custodian or storage solutions, it does work with a broad range of other firms that do.
As such, they should be able to help the majority of customers find a storage or custodian facility that’s right for their needs.
Throughout the past several years, the company has been named one of the fastest-growing companies in its niche, which has been driven by a variety of qualities.
GoldCo Precious Metals Options for IRA
Gold Coins and Bars
Silver Coins and Bars
Goldco Reviews And Complaints
Since the company was established, Goldco reviews have typically been positive, which is the main reason I decided to check them out as I did many other gold investment companies in the space.
The majority of this has been focused on the high-quality service that it offers, as well as the quality of the products that it provides.
This should mean that potential customers will be able to get a high-quality service with every interaction at the company.
However, there have been a few negative reviews of the firm over its history. While this might be a bad thing, it looks as though much of this was driven by a misunderstanding on a client’s behalf.
As such, these bad reviews should be taken with a pinch of salt.
Every major company has negative reviews, as there are always a few “tough cookies” out there who never seem to be satisfied.
There is quite a large range of services that clients will be able to take advantage of at Goldco, with these being split across several categories. These include:
- Gold IRA
- Silver IRA
- 401(k) Rollover
- Traditional and Roth IRA Planning
- SEP IRA Planning, and
- Simple IRA Planning
This should mean that customers will be able to take advantage of a broad range of services depending on their needs.
However, the company does lack any storage or custodian services, which could be a notable drawback for many people. Despite this, they do recommend a variety of trustworthy options for this, which could be worth looking into.
Goldco doesn’t list the costs that it charges, largely because there are many variables that come into play.
To get exact rates, just Visit GoldCo Online.
I've found their reps to be very informative and not pushy at all, which is very refreshing in this industry and let's be honest, in any environment where someone is brokering financial instruments that's a great sign of a solid company!
What I can say from first hand knowledge is that the recommended minimum is $25,000.
Goldco will reimburse the cost of storage for a year. However, this will come in the form of like-value silver being shipped to the agreed upon storage unit. There is also a charge of $175 annually.
This shouldn’t increase until you hit $100,000 in investment, in which case it rises to $225. When compared to industry storage prices, this is very fair and actually a deal compared to many of the other companies.
Precious Metals IRA Fees
Goldco Gold or GoldCo Silver IRA
Minimum Purchase Required
Service Fee $80
How To Start A Goldco Precious Metals IRA
Setting up a precious metals IRA with Goldco is quite simple, although it may be slightly time-consuming. You’ll be able to do this either online or over the phone.
However, you’ll need personal identifying information on-hand when you’re doing so, such as a social security number.
During the process, Goldco will give you a guide to the precious metal IRAs that are available to you, which should help you make a decision. They should also walk you through the process as much as you need.
Naturally, you most likely have questions about Goldco and IRA investing with precious metals in general.
Years back when I first found out that this type of retirement strategy was viable, I probably had about 20 questions I fired at every broker from various companies I interviewed!
However, this is entirely natural, and even more comforting, to me, was the patience exercised by many of the reps at companies fielding my queries - namely with GoldCo.
Most questions are in fact quite routine to them in 2021!
I like to ask the following, (even though I outlined all of these questions above - just do so for full transparency.)
- What is the process to get started?
- What is the minimum investment amount?
- Where will my precious metals be stored?
- What are ALL of the fees and potential fees involved?
All of this information should be readily available, regardless of the company you’re thinking of. As such, you shouldn’t have to spend much time finding anything out, which the majority of us should find relatively appealing.
This will then allow you to develop a fully-formed idea of what the brokerage company offers and whether they’re the right precious metals IRA firm for your needs.
However, it’s also worth noting that you should spend a significant amount of time considering each area before you decide.
There are quite a few prominent questions that you should ask any firm that you’re considering investing with.
Goldco, in particular, is quite transparent with their answers, which is a beneficial trait. There are a few Q&As that may be more important than others, which is why they’re worth looking at.
The Gold & Silver Guide Covers:
Can The Precious Metals Be Coins Or Are They Limited To Bars?
Quite a large number of people may want to take advantage of both bars and coins for their IRS. While there should be a variety of options for this, it’s much more limited than you might have thought. This is because only certain coins are IRS-approved for IRAs, which drastically limits what you can and cannot take advantage of.
Alongside this is the fact that there are some restrictions on bars and bullions. While this isn’t as limited as precious metal coins may be, there are still a few of them that you might not be able to take advantage of. As such, you should need to be aware of these guidelines before trying to invest in any precious metal IRAs.
All of these should be available from the IRS website.
Can I Choose My Own Storage Company?
While Goldco has a variety of custodian and storage companies that it works with, this doesn’t mean that you’ll be restricted in your options. Instead, you should be able to use almost any storage company you want to. Despite this, the firm does have a variety of recommendations, including the Self Directed IRA and Equity Institutional custodian firms.
Alongside this, it recommends Sterling Trust for your storage needs. While each of these should be of a relatively high-quality, it’s worth looking into them before you make your decision.
Can I Keep My Precious Metals At Home?
Quite a large number of people would want to keep their IRA precious metals at home. However, this can’t be the case, as the IRS forbids in. Typically, anybody with one of these will need to use an approved non-bank trustee. Alternatively, they can use a bank that operates within IRS guidelines and restricts access to the precious metals.
This is done to make sure that the exact precious metals that you purchase are the ones that you take advantage of in the future. Like a traditional IRA, access to precious metals IRAs has to be restricted in specific ways. The majority of this is to make sure that all deposit and disbursement laws are met.
Are The Precious Metal’s Value Guaranteed?
The value of precious metals is never guaranteed, and this can fluctuate quite significantly. This is an aspect that’s outside of many company’s control. However, the value of the precious metals tends to stay relatively stable over time, which any fluctuations being relatively minor. This should mean that there might not be much to worry about with these types of IRA.
When Will I Be Eligible For My Goldco Gold IRA?
You should be able to start taking advantage of your Gold IRA from age 59 and a half. Since the IRS dictates this, it may be eligible for change at some point or another, although it shouldn’t be the case at any point. As such, there should be a set date for when you’ll be able to penalty-free distributions from your account.
How Long Does It Take To Rollover A Traditional IRA Into A Gold IRA
This is probably the first question that many of us will have. Typically, this will be much quicker than some may have anticipated and usually takes two weeks, although this can vary somewhat. Much of this is based on specific circumstances, so you may need to speak to someone at Goldco to determine this accurately.
Final Toughs on GoldCo Precious Metals
Your retirement portfolio is something that you’ll want to think about well before you get to your golden years.
I, started thinking about it in my mid 30's and wish I would have been told about it earlier.
Goldco Company is one of the more noteworthy brands out there in a very littered, competitive, and confusing space.
As you can tell with all of the time and detail I put into this website, I'm a "get down to brass tacks" type of guy. I spent a lot of energy in coming to this recommendation, and I put my reputation on the line for very few people, so don't take this Goldco review with a grain of salt.
Goldco has over a decade of experience with gold IRAs. Their advisors are top notch and will help you out whatever your questions are.
Goldco works to simplify the logistics and overall paperwork, which is refreshing. Other companies left me confused, befuddled, and untrusting of the process.
I don’t know how long they are running the special bonus. Offering 10% back in silver coins is quite generous and they might not let it run for too long. So If you feel that GoldCo is the right choice get in touch with them so they can guide you through the process as comfortably as possible.
Frequently Asked Questions (FAQ):
How can I contact goldco precious metals ira company?
You can contact goldco precious metals by phone or this is their physical address 21215 Burbank blvd, Woodland Hills California.
What is GoldCo Direct?
The GoldCo company was known under different names in the past. GoldCo Direct is one of its names before they have changed it to GoldCo Precious Metals. If for some reason you hear about GoldCo Direct it means that the information hasn’t been updated yet.
Does GoldCo offer ira custodian services?
Goldco doesn’t offer IRA custodian services. However they have an excellent relationship with many third party ira custodian providers. Best of all you will have the first year third party ira custodian fees wavered if you sign up with them. Your 401k or retirement accounts can be easily rolled over to goldco.
What kind of precious metal services do you get with GoldCo IRA?
With the GoldCo IRA you get the following precious metal services, gold silver, platinum and palladium. If you like you can have a silver ira or gold ira only. Every investors prefers a different ira account. At goldco ira you can have what you want. When it comes to precious metals ira (ira precious metals) by far the most popular ones are the gold ira and silver ira. In case of a panic you can expect gold and silver prices to jump. The best precious metals to store in your retirement account ira (retirement savings ira) gold and silver coins. The main reason why gold and silver coins are the best is because you can easily sell them if the case arises.
What does an account executive do at Goldco?
The account executive will help you through the whole process. They will help you setup your retirement accounts as fast as possible. You can choose from gold, silver, platinum and palladium precious metals ira. As a matter of fact you can mix and match precious metals ira if you wish.
What kind of star rating does goldco precious metals have?
This precious metals ira has a 5 stars rating on most websites and on a few it has only a 4.5 star rating. A 5 stars rating is almost impossible to achieve. Some websites count the few complaints that goldco has so that’s why they have a lower star rating. Goldco has an A+ BBB rating (better business bureau) with zero complaints to customer service. The customer reviews are all positive.
How good is the goldco customer service?
Goldco has a top notch customer service. The customer reviews can testify to them. Just take a look at a few of the customer reviews and you will know that they are the real deal no matter if you go with gold ira or silver coins or any other ira precious metals program. If goldco has earned a 5 stars rating customer service deserves 5 stars rating as well. The glowing customer reviews back it up. The account executive and customer service gave goldco the high star rating. You can set up your goldco gold ira even if you have existing ira, traditional ira, sep ira. At goldco besides goldco gold iray you can create other precious metal iras like silver iras. The silver iras behave the same way as other goldco precious metals iras. The buy back is the same with Also make sure you're taking the time to understand gold ira (gold and silver) works and past performance doesn't guarantee future success. At goldco the buy back is quite generous. The customer support is always there if you need help with gold or silver (gold and silver) retirement savings. Goldco offers both gold and silver coins and bullion options. There are other precious metals too choose from at Goldco your safest bet is the goldco gold ira.
My Two Cents: The Goldco Company has the best "non-pushy" advisors who can guide you. They are know their stuff and can answer any questions you might have. Beginner investors are reassured because they are brought up to speed. GoldCo advisors make sure that you make the right choice for your needs. I've given it my top rating and full endorsement. Learn more here.
Disclosure: It's an obligation to share with you that the content provided on this website does not constitute financial advice. Always do your own research before making retirement investing decisions. The owner of this website may be compensated by companies through sponsorships or affiliations. The companies analyzed on IRAInvesting are constantly monitored and reviewed for new policy changes and reviews are often updated if customer experiences are altered in any way, positive or negative.