A review on Goldco and why they are a market leader with more than $1 billion in Silver and Gold delivered and counting since the company was founded in 2011.
The company has expanded in recent years as it adapted to serve the interests of ordinary citizens; Goldco has increased its workforce by 3x to meet increasing market demand.
Precious metals like silver and gold have been used for ages as a reliable means to store riches and as an investment to hedge against inflation. Gold, silver, and platinum are considered “valuable commodities” for this exact purpose.
Market fluctuations may occur for several reasons, including but not limited to: increases in inflation or a decline in the dollar value. We will guide you through the whole process of purchasing precious metals so that you can focus on making a profit.
Right before we begin our Goldco review:
We’ve produced a list of the best Gold IRA companies that have gained our top recommendation so that you can choose a Gold IRA company that fits your needs.
Click here to see our list of Best Gold IRA Companies. ⇐⇐⇐
About Goldco
Trevor Gerszt, Goldco Founder
Over a decade ago, Trevor Gerszt started Goldco, an investment firm specializing in precious metals. Trading in precious metals is another area in which Goldco has excelled.
Goldco allows customers to open self-directed IRA accounts following standards established by the IRS.
Since its beginnings, Goldco has attracted a sizable clientele by developing fruitful, long-term connections with many of its customers.
Gerszt’s original goal in launching Goldco was to make it easy for anybody (not just seasoned investors) to open an Individual Retirement Account (IRA) and begin investing in precious metals like gold and silver.
Trevor Gerszt was correct in his notion that portfolio diversification should include precious metals and other tangible assets to protect against the risks associated with economic and political uncertainty.
Goldco seeks to give its consumers a low-risk technique for precious metals investing. Goldco buys and sells bullion, coins, and bars made of precious metals.
Instead of having them held in a custodial IRA, the owner has outright title to the precious metals.
Gerszt’s primary focus was not on providing a wide variety of services. Instead, he set his sights on the gold and silver brokerage business, and Goldco became a leader in this field.
Goldco Celebrity Endorsement
As you can see in the Goldco review below, the legendary US martial artist and movie star Chuck Norris is a big fan of Goldco.
Goldco is selling a special-edition Chuck Norris silver coin minted in New Zealand. The Chuck Norris “Five Principles” coin is created at a purity of .999 fine and a weight of 31.1g.
A beautiful wooden case for displaying the coin and a certificate of authentication are included in the package.
The Chuck Norris Five Principles coin, as provided by Goldco, has advantages and disadvantages.
One positive aspect is that Goldco clarifies that you can’t put this coin in an IRA. To the Internal Revenue Service, this coin is a “collectible,” hence it cannot be held in an individual retirement account.
Goldco is doing an excellent service by helping its customers avoid IRS issues by identifying and preventing the purchase of ineligible gold. A 10% fine and income tax per year for each year the mistake persists may be assessed if the wrong coin type is deposited into an Individual Retirement Account (IRA).
Goldco Products
The purchase of silver and gold coins beyond a Precious Metals IRA has several benefits that may allow you to protect your wealth. Your
chosen coin can be deposited at a depository that you select or shipped to your front door, whatever is most convenient for you.
You may be qualified for free storage space by contacting Goldco.
The Goldco BuyBack Guarantee ensures you’ll get the best price for your precious metals when you decide to sell them back to them.
Below you’ll find a selection of the most widely available gold and silver coins from their inventory:
- Gold American Eagle
- Gold American Eagle Proof
- Gold Australian Striped Marlin
- Gold Liberty
- Gold Phoenix
- Gold Independence Hall
- Gold Australian Sea Turtle
- Gold Valor
- Gold Maple Leaf
- Gold American Buffalo
- Silver American Eagle
- Silver American Eagle Proof
- Silver American Bald Eagle
- Silver Australian Spotted Eagle Ray
- Silver Australian Saltwater Crocodile
- Silver Australian Striped Marlin
- Silver Australian Sea Turtle
- Silver Great Barrier Reef
- Silver Lincoln Memorial
- Silver Liberty
Services Offered By Goldco
- Supplying Silver and Gold IRAs
- Expert Support For 401(k) Rollover
- Supplying Self Storage Gold IRAs to customers
- Offering Bullion, Coins, Bars, and non-IRA precious metals
- Buying back Silver and Gold Coins, Bullion, and Bars bought through their company
Clients can apply for a traditional precious metals IRA that anybody under 70.5 may open. Silver, gold, or both are standard options for a precious metal IRA.
Goldco’s expert advice helps consumers choose the choice that meets their needs. Plus, Goldco’s offerings are fully compliant with IRS standards.
Goldco also paired with custodial businesses to store clients’ precious metals in state-of-the-art vaults in critical locations around the nation, so you can rest easy knowing that your physical assets are secure.
Goldco recommends Equity Trust Company as the best precious metals custodian. Their company has partnerships with other custodial firms if you want more options.
Goldco offers not only transparent pricing for repurchase transactions but also highly competitive market prices for the purchase of precious assets.
Goldco’s clients are also free to return their new precious metals to the company, even when they reach retirement age.
What Are Goldco’s Fees?
Goldco claims that most clients pay the minimum feasible service fees because of how they arrange their rates. Although they try to keep their costs “as affordable as possible,” they are nonetheless subject to change. In this Goldco review, we discovered the following fees below.
Goldco’s Precious Metal IRA Fees
- A $30 wire transfer fee.
- Rollovers from a 401(k) or individual retirement account are free of charge.
- IRA account set-up fee of $50.
The Total Annual Fees Are:
- Non-segregated storage costs are $100 per year.
- Segregated storage costs $150 per year.
- A yearly $100 cost for upkeep.
Establish a gold IRA with Goldco with a minimum investment of $25,000. In addition to a one-time account setup cost of $50 and a wiring fee of $30, Goldco’s chosen custodian imposes a fixed yearly account servicing fee.
Upkeep costs $100 per year, with storage costing either $150 for private storage or $100 for pooled storage. Gold-keeping and custodianship costs vary widely depending on the institution chosen to oversee the process.
Considering the storage organization chosen, storage costs may be anywhere from $10.00 to $60.00 monthly or 0.35% to 1% each year.
When dealing in cash, amounts exceeding $25,000 are not subject to Goldco’s storage costs.
Goldco Reviews and Complaints
Since joining the BBB in 2011, Goldco has maintained an unblemished A+ rating. The business has an average of 441 customer reviews and a rating of 4.83/5.
Goldco has been an accredited member of the Business Consumer Alliance for many years, earning the highest possible AAA rating.
There are several five-star ratings for Goldco on various review websites such as Consumer Alliance, Trust Link, TrustPilot, and Google Reviews. Most of the Goldco reviews have been nothing but praise for the company.
Ninety-one percent of Goldco’s customers have given the firm a positive review on Trustpilot. Goldco has an overall 4.8-star rating on the review platform Trustpilot.
What Makes Goldco Good?
Facilitating Easy Conversations With Clients:
After a deal has been finalized, clients still have access to Goldco’s representatives by email and phone for help, clarity, and solutions to any issues they may have. Goldco’s representatives will handle all documentation for the procedure, including completing the necessary data
to minimize room for mistakes. Specialists at Goldco are behind for the informative content found on the company’s blog; subjects include economic downturn and bankruptcy teaching.
Goldco Free IRA Guide
Learning as much as possible is crucial while making financial investments. This way, Goldco review ensures that its customers and investors
are well-informed.
Their website has several helpful guides and tutorials for customers. Some of them are listed below.
- 401(k) Crisis and The American IRA, a 12-page Gold IRA Investment Guide, and 10 Reasons Why the Dollar Will Crash is just some of the digital books available.
- A comprehensive blog covering economic downturns, trade disputes, investing, social security, and more.
- Informative films cover various topics, including financial market collapses, currency fluctuations, etc.
- Updated prices for a variety of precious metals
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Excellent Customer Support
Customers get the necessary investment security, a more streamlined procedure, and cost savings by following expert advice from Goldco. Goldco’s knowledge is based on the understanding that regular people often need a deep background in investing or IRAs.
Customers should be handled transparently, and their essential requirements should be met. For their part, Goldco’s representatives don’t
talk down to consumers but instead do their best to equip them with knowledge.
It has been Goldco’s observation and understanding that clients are more at ease and more likely to take calculated risks when dealing with an investment firm they can have faith in and that this is consistent with the company’s high standards of professional morality.
To deliver information without coming across as condescending or feeling the need to use jargon-heavy industry terminology is the primary objective of IRA professionals.
Customers who don’t feel the need to become significant investing specialists in the precious metals market benefit significantly from working with a professional advisor. This ensures that those who follow Goldco’s advice to acquire precious metals do so with complete confidence.
Frequently Asked Questions
How do clients sell silver or gold kept in a Goldco precious metals IRA?
Clients requesting withdrawal from their Goldco accounts may utilize the company’s buyback program. With the assistance of their consultant, customers may also make a sale on the metals exchange.
Can customers keep their precious metals at home?
According to IRS regulations, you cannot store any IRA precious metals in a regular safety deposit box or at home. The location must limit who may enter and keep its clients’ precious metals secure. This ensures that you will get the metals you bought (or you will be able to cash them in) per applicable distribution laws.
Can I be confident that the precious metals I put into my IRA will maintain their value?
Precious metals’ projected value is not promised and may go up or down depending on several market forces, just like the worth of any other investment.
With a Gold IRA, when could investors start taking withdrawals?
At 59 1/2, customers or the beneficiary of the IRA account may begin withdrawing funds tax-free.
When converting a Traditional IRA to a Gold IRA, how soon does the process take?
It usually takes approximately 1-2 weeks to execute an IRA rollover. Ultimately, the time it takes to process a Goldco application depends on the specifics of the registration itself.
Conclusion on our extensive Goldco Review
Goldco review is on our list of Best Gold IRA Companies on our research team and comes with our highest possible recommendation. Given how hard it is to find wrong with Goldco’s capabilities or expert demeanor, we felt it only fair to offer them 5 out of 5 stars.
The business’s 15 years in operation is a major selling point for its services, which appeal to many investors. Goldco has received
excellent reviews on Consumer Affairs, Trustpilot, Trust Link, and Google Reviews.
The Business Consumer Alliance and the Better Business Bureau both have favorable reviews for Goldco. Goldco has previously received support from Legendary Chuck Norris and other public figures.
Every aspect of Goldco’s company functions around satisfying customers. The corporation’s original concept was to let customers open silver and gold IRAs, make purchases of assets, and exercise investment discretion.
Goldco has realized its vision via dedication to providing superior customer service, extensive educational materials, and a staff of highly skilled experts in their field. Goldco has an everlasting dedication to its consumers and treats them like kin.
This way of thinking has resulted in a rave of Goldco reviews and an ever-expanding clientele. Goldco is our top pick because of its established reputation as a reliable broker and industry leader in the precious metals investing space.