Welcome to my is Goldco legit review, where I provide a quick summary, details on their services, and pros and cons on this gold IRA, precious metals company (one of the most prominent gold IRA companies in the precious metals industry).
Investing in a reliable Individual Retirement Account is a solid way to safeguard your future financial terrain. Even better, it guarantees you a comfortable retirement life and peace of mind in your old age by offering financial freedom after retirement.
IRAs are best for investors seeking to diversify their retirement investments in hands-off assets and systems. Precious metal IRAs, in particular, offer investors a profitable and secure way to save for retirement, along with substantial tax advantages.
Investors keen to secure their retirement financial freedom via precious metal IRA investment need in-depth market research to find the best precious metal IRA firms. In this Goldco review, we take a bare-knuckles dive into everything you need to know about Goldco.
Quick Summary of Goldco Review
Name of Company:
Goldco, alias Goldco Precious Metals
$25,000 (sometimes $20,000)
5% back on precious metals over $50,000
Overall Ratings (updated for 2021):
Carson's Rating: 4.9/5
What is Goldco?
Established in 2006 by Trevor Gerszt, Goldco Precious Metals, popularly known as Goldco, is a leading and trusted full-time precious metals provider. The California-based firm has its headquarters in Woodland Hills, but its products and services reach far beyond the U.S.
Goldco specializes in helping investors to secure, grow, and diversify their retirement wealth and financial assets. This includes opening and funding gold and silver IRAs, processing precious metals IRA rollovers, and direct trade of precious metals.
Trusted by many customers and featured in several renowned publications, Goldco stands out as one of the fastest-growing precious metals IRA firms.
How Does Goldco Work?
Goldco is dedicated to offering its precious metals investors a smooth user experience from the contact phase to the IRA funding or rollover stage. You’ll thus be able to fly through the straightforward account setup process without a huddle either via phone or online. Keep personal identification credentials such as your social security number on hand to make the process even faster and easier.
Here’s a rundown of the entire process:
Choose whether to continue with the precious metal IRA account set up online or offline. If you choose the online option, the customer support rep will assign you a Goldco IRA expert to take over. Alternatively, you can schedule a physical appointment. Either way, you’ll get expert support every step of the way.
Supply the Goldco specialist with all the information needed to successfully open, process, and fund your Goldco IRA account.
Start funding your Goldco account. In the final phase, a Goldco executive will help you to start loading up your Goldco account. You can do this either by purchasing precious metal assets (bars, coins, or a mix of both) or rolling over the funds from another IRA. The best part about it is that a Goldco accounts executive will be at hand to point you in the right direction based on your account’s standing and your financial objectives.
As a full-time and full-house precious metals IRA firm, Goldco provides a broad range of precious metal services but majors in gold and silver IRAs. They also deal indirect (non-IRA) buying and selling of physical precious metals.
Goldco Precious Metals IRAs
The Goldco precious metal IRA package includes the Goldco gold IRA and Goldco silver IRA options. Here, investors choose to invest and grow their retirement portfolios by purchasing gold or silver assets (coins or bars). This allows customers to enjoy the tax perks of traditional IRAs and evades the potential losses of investing in volatile assets such as stocks and bonds.
IRS regulations require you to be at least 59 ½ years old to withdraw funds from an IRA such as Goldco IRA. Any earlier withdrawal attracts a 10% fee along with income taxes on the funds you take out.
Self-Directed IRA (SDIRA)
Goldco also helps investors to secure their retirement life financially via Self-Directed Retirement Accounts (SDIRA). This option allows investors the freedom and convenience to expand their retirement wealth in other assets counting real estate and private equity, among others.
Though not an SDIRA custodian, Goldco partners with trusted IRA custodians such as the Equity Trust Company to ensure its customers' SDIRA are genuine and legal.
Goldco Direct (non-IRA) Precious Metals Trade
In addition to precious metal IRAs and SDIRA packages, Goldco has a mega-collection of Gold and Silver products for sale. These are mostly verified gold and silver coins that are either stored in secure vaults or shipped directly to the investor’s address. As a result, they become part of investor collections and can’t be included in the Goldco IRA.
The wide selection of Goldco gold coin assets include:
- Gold American Bald Eagle Coin
- Gold Australian Saltwater Crocodile Coin
- Gold American Eagle Coin
- Gold American Eagle Proof
- Gold Buffalo Coin
- Gold Lucky Dragon Coin
- Gold Maple Leaf Coin
- Royal Mint Gold Lunar Series: 2016-Year of the Monkey Coin
- Royal Mint Gold Lunar Series: 2017-Year of the Rooster Coin
- Royal Mint Gold Lunar Series: 2018-Year of the Dog Coin
- Royal Mint Gold Lunar Series: 2019-Year of the Pig Coin
- Perth Mini and PAMP Suisse Gold bars in 1 oz, 5 oz, 10 oz, and 100 oz alongside other sizes
Furthermore, Goldco customers can choose to buy these Silver Coins:
- Royal Mint Silver Britannia Lunar Series: 2015-Year of the Ram Coin
- Royal Mint Silver Britannia Lunar Series: 2016-Year of the Monkey Coin
- Royal Mint Silver Britannia Lunar Series: 2017-Year of the Rooster Coin
- Royal Mint Silver Britannia Lunar Series: 2018-Year of the Dog Coin
- Royal Mint Silver Britannia Lunar Series: 2019-Year of the Pig Coin
- Silver American Bald Eagle Coin
- Silver American Eagle Coin
- Silver American Eagle Proof Coin
- Silver Australian Saltwater Crocodile Coin
- Silver Lucky Dragon Coin
- Silver Maple Leaf Coin
- Silver World War I Coin
- Silver WWII Victory Coin
- Perth Mini and PAMP Suisse Silver bars in 1 oz, 5 oz, 10 oz, 100 oz, and other sizes.
Goldco IRA Rollovers
If you have an existing IRA, Goldco can streamline the process of rolling over the funds therein into your Goldco gold or silver IRA. All you need to do is contact the firm to determine your existing IRA’s eligibility for rollover into Goldco IRAs.
Upon successful rollover of the IRA funds, Goldco helps its customers to choose an appropriate mix of gold and silver bars and coins for optimal returns and convenience. They also work with you to identify the best IRS-accredited precious metal depository for your precious metal assets.
Get Your Free Gold IRA Investing Guide!
- 100% FREE!
- Everything you need to know!
- From Experts, By Experts!
Goldco Precious Metals IRA Storage
Goldco stores all precious metals assets in IRS-approved depositories in line with IRS regulations. This not only ensures the assets are safe but also guarantees their legitimacy and financial value.
Through collaboration with top-tier IRA custodians such as the Equity Trust Company, Goldco offers the ultimate security and convenience of IRA asset storage.
Fees You Need To Know About
In a bid to ease the cost of securing financial independence in retirement, Goldco’s payments model aims at minimizing cost and enhancing investor returns. Nevertheless, the firm doesn’t expressly list all the costs mainly due to the numerous variables at play.
Some of the costs you can expect when working with Goldco include:
- One-time Goldco IRA set up fee of $50
- A one-off wire fee of $30
- Minimum purchase of $25,000 for either Goldco silver IRA or Goldco gold IRA
- Annual Goldco IRA maintenance fee of $80
- Annual fee totaling $100 for non-segregated Goldco IRA storage
- $150 annual cost for segregated precious metals IRA storage.
Possibly one of the most alluring cost perks of Goldco is that they reimburse you the cost of IRA asset storage for a year. The reimbursement comes from silver assets of corresponding value and is shipped to your preferred depository.
Further, Goldco customers are treated to free non-IRA precious metal transactions.
Goldco stands out as a reliable precious metals IRA firm for many reasons. Some of its unique features include:
World-class customer support
The Goldco customer support desk comprises humane, professional, and dedicated customer support personnel who are always at hand to help. They’re trained to prioritize customer needs and ease your journey from opening a Goldco account to the final phase, where you rollover or directly fund your Precious metal IRA.
Even better, you can contact Goldco customer support via a selection of convenient means, and a responsive contacts page.
New customer special offers
New Goldco customers benefit from several special offers that currently include a complete waiver on all Goldco IRA fees for $50,000 and above accounts. Along with this, new Goldco investors are poised to earn 5% reimbursement as free precious metals when they place qualified orders exceeding $50,000.
Low-cost precious metals IRA investment model
Besides transacting freely in non-IRA precious metals, Goldco customers enjoy remarkably low account setup, transaction, and IRA asset storage compared to most other precious metal IRAs.
Goldco offers customers a lucrative buyback program where they can sell off their Goldco precious metal assets back to the firm. This is convenient and presents Goldco investors with a trusted and profitable way to liquidate their precious metals assets.
Hassle-free IRA and 401(k) Rollovers
With Goldco, you can roll over your funds from existing retirement investment plans such as other supported IRAs and 401(k) accounts.
Information-rich Educational Resources
If you’re looking to set up a good retirement plan, accurate and up-to-date financial information is key to your success. In line with this, Goldco offers a bevy of detailed and research-backed education resources on its website. Precious metal investors are encouraged to hone their retirement investment knowledge via these publications to make more informed financial decisions for the future. Goldco’s trove of educational materials includes:
- A free Self-Directed IRA guide outlining the various aspects of precious metals IRA investments
- A downloadable 12-page Gold IRA Investment Guide.
- A downloadable eBook that covers 10 Reasons Why The Dollar Will Crash, The 401(k) Crisis, and The American IRA
- Real-time price monitors and trackers for various precious metal assets
- Educative videos spanning dollar performance against other currencies and stock market failures, among others
- A detailed and up-to-date blog on market and investment recessions and other financial investment topics such as trade wars.
State-of-the-art IRA Storage Depository Access
Goldco stores all precious metal assets in first-rate IRS-accredited third-party IRA depositories to guarantee safety and access convenience. Some of the firm’s preferred IRA storage facilities include IDS Texas, Brinks Salt Lake City, and the Delaware Depository. Additionally, Goldco investors are free to choose any other IRA storage facility of their choice.
Trust Ratings and Reviews
Professional ratings and verified customer reviews are great ways to determine the legitimacy and suitability of a precious metal IRA provider. On both fronts, Goldco garners a splendid performance sheet in 2021, as evidenced by:
- A+ Better Business Bureau (BBB) rating and accreditation
- AAA rating by Business Consumer Alliance
- Certification from Consumer Affairs Accredited
- 1000+ 5-star customer reviews and ratings on Google Reviews, TrustLink, and Trustpilot
- Recognition by Stevie Awards as The 2021 Company of the Year
- INC 5000 recognition award for five years
Overall, Goldco boasts a spanking 4.8/5 rating.
Pros and Cons
As with other precious metal IRAs, Goldco has its share of perks and failures. Let’s take a look:
Alternatives Compared to Goldco
There are other great options to choose from. For example, Birch Gold Group is a very similar company to Goldco and they provide all of the same investment options, plus they have a much lower minimum to get started. Additionally, I've compared Goldco to many other Gold IRA investment companies, most notably, Goldco vs Birch Gold Group.
Here are some comparisons that you may find useful:
- Goldco vs. Noble Gold
- Goldco vs Augusta Precious Metals
- Goldco vs Patriot Gold Group
- Goldco vs Regal Assets
Overall, I believe there are great Goldco alternatives out there, and you should take the time to research all of them before getting started.
Is Goldco A Scam? or is it Reputable?
With the current surge of Precious metal IRA providers, investors are torn between confusing choices when looking for ways to secure and expand their retirement portfolios. Remember, you want a solid guarantee that the IRA firm you choose is genuine, legal, and experienced to offer you the financial freedom you desire after retirement.
So, is Goldco a scam? Far from it! Goldco is a legit, well-known, and trusted (reputable) IRA services provider based in California. Since its inception in 2006, the firm has continually offered a wide range of precious metal investment services, including gold and silver IRAs, IRA rollover, and a non-IRA precious metals trade marketplace.
Today Goldco boasts a wide and constantly expanding customer base along with accreditation and top ratings from trusted reviewers for epic customer support, streamlined processes, and investor-focused offers. For this, it’s a go-to choice for many investors seeking to secure, diversify, and grow their financial retirement packages via precious metals investments. So open an account with Goldco today to get $10,000 in FREE Silver and recession-proof your retirement!