You can open up many different kinds of retirement savings accounts where you save and invest money without taxes. Many people working for companies know about 401(k) plans. Other adults might have 403(b) plans available to them.
Nearly everyone can create and contribute to individual retirement accounts known as IRAs. Many IRAs are conventional and traditional, but there are also Roth IRAs. You can also open what’s known as a gold IRA where you invest in precious metals.
You’ll need a broker for such an account. Goldco is one such company. They help clients create their accounts, buy certain precious metals, and even arrange for a custodian to protect them.
If you’re new to investing in precious metals or gold IRA accounts, then Goldco is a great place to start because they might be the best in the business. Keep reading if you want to know why I think so.
At a Glance
Contact Information: Visit their website at Goldco.com or call them at (855) 754-4226 Monday through Friday.
Fee Structure: Expect at least $80 in annual fees. Storage fees might vary based on the specific depository.
Minimum Investments: You need at least $25,000 to get started here. That might be too high a bar for entry for some investors.
Specials/Bonusues: New clients can see about getting first-year fees waived. They might also get 10% of their investment back specifically in silver products.
Key Features: This is one of the best gold IRA service providers in the industry. They’ve earned and maintained a reputation for stellar customer service for over a decade. If you scroll through the thousands of rave reviews from previous clients over the years, you might not actually believe they’re real.
I assure you that they are quite real. This company is better than anyone at serving its clients, and you can see for yourself.
- New customers get 10% back on their investment in silver coins
- Fees for the first year can get waived
- Advisors here don’t use aggressive sales tactics
- Goldco staff are very friendly to new investors and share their knowledge
- The company wants to be sure you make great investment decisions
- The minimum investment level is $25,000
- They only do gold and silver but not palladium or platinum
An Overview of Goldco
Goldco is a business under private ownership. They specialize in protecting wealth and assets. This company has been operating since 2011, and they are quite successful in helping their many clients get ready for retirement thanks to precious metal IRAs.
What Goldco does is help investors protect their existing retirement savings by letting them do rollovers to gold IRAs that invest in gold and silver. I think you’ll find quite a few gold IRA experts if you deal with Goldco. Their reputation is sensationally good, and I think it’s honestly better than anyone else in the business.
Customer service is something that Goldco takes serious pride in. They emphasize this for people interested in getting started, those that do create accounts, and those who have been there a while. You can count on quick communications and lots of help if you’re trying to open your own gold IRA and do a rollover with your current funds.
Goldco is a company that knows how saving for retirement is a daunting challenge. They know that it’s possible for investors to make all the best moves and save money for years or even decades but still see their wealth disappear in their last years before retirement. It’s a nightmare scenario, but it’s also happened more than once.
One such time was 2008. Far too many investors discovered that their wealth can be lost a lot faster than it is gained. Goldco offers specific retirement products based on precious metals instead of paper assets in order to help investors protect themselves from market crashes like that.
Even before the 2008 crash, there was a bubble burst of the dot-com sector and two recessions just after the turn of the century. Do I need to remind you of the more recent economic upheaval of the pandemic? Goldco investments offer you many advantages.
One of them is tax advantages. I don’t like paying taxes, and I doubt you do either. You can accrue tax-free gains in regular IRAs, and you can do it in a gold IRA, too.
Goldco also makes it easy to do rollovers. You transfer the retirement funds you already have in other accounts into a precious metals IRA. When done right, there are no fees or taxes.
Gold is in limited supply, and that means it’s not nearly as susceptible to inflation as the rest of the economy. Even when inflation isn’t at generational highs, fiat currency still averages 2% to 3% per year, but gold does not.
Gold can even generate wealth for you. The value of it does go up and down, but it generally goes up more than down. It’s actually done better than the stock market in the last 50 years or so.
Precious metals also allow for more portfolio diversification. While you can do a lot of diversification in stocks and bonds, you diversify even more when you move some of your investments into entirely different asset classes, and precious metals are definitely that.
What Is Goldco?
Goldco is based out of Woodland Hills, California. This full-service company deals in gold and other precious metals. Trevor Gerszt founded the company.
This business is also offering cryptocurrencies. They started doing that in 2017. The cryptocurrency arm of their business is mainly done through CoinIRA.com
Goldco involves itself pretty much with gold and silver coins that are approved by the IRS for IRA uses. They work with clients who are opening up new precious metal IRA accounts, but they also work with people who are doing a rollover from a previous retirement account.
Clients with Goldco get a lot of detailed information they can use. This is presented in both video format and as e-books. Customers can use these educational resources to first create and then build up effective precious metal portfolios that help them successfully reach their financial goals.
Goldco claims that its business model, and all the relationships that rely on it, are built entirely on trust and rapport. That works between their clients and the gold and silver experts working for the company. Customer service is inherent to everything that Goldco does.
If you look at their reviews across many sites, as I have, you’ll see just what high regard clients hold them in. From BBB and BCA to TrustLink and TrustPilot, the reviews are in and they are extremely good. The company has a commitment to certain ideals, and they uphold them across every component of their business.
They might be named Goldco, but they are genuinely the gold standard in the precious metals industry. They have more than a decade of investment experience in helping clients protect their retirement wealth. Whether you have a 401(k), IRA, or another qualifying tax-advantaged retirement account, the specialists at Goldco can help you protect your assets inside a precious metals IRA.
Goldco also offers direct sales of both gold and silver to its clients. You can use this inside your savings account to diversify your portfolio. Alternatively, you can just buy gold and silver by themselves outside of a tax shelter.
Goldco Services Provided
Goldco’s primary goal is to make it easy for investors to enjoy the benefits of ownership involved with physical gold and silver. They believe that it’s important to own precious metals as part of a broader retirement investment strategy, and I wholeheartedly concur. Their process for gold IRAs follows a three-step plan.
The first step is simply opening your precious metals IRA. You can do this by signing an agreement with Goldco where you acknowledge their terms and conditions for doing business. One of their company representatives will guide you through every step of their process and secure your purchase.
The next step is funding your self-directed IRA. You can do this by rolling over any assets from current retirement accounts. Potentially qualifying accounts might include other conventional or traditional IRA accounts, Roth IRAs, 401(k) plans, 403(b) plans, or TSP accounts, and you can usually transfer or do rollovers without any tax penalties, fees, or loss of wealth.
The final step after funding your precious metals IRA is picking the specific precious metals you would like to include with it. This is where Goldco’s knowledge can really shine through. You’ll have to choose precious metals that meet IRS guidelines but also serve as good investments.
Not every gold or silver coin qualifies for gold IRA investments. The minimum fineness requirement is 0.995. However, Goldco has a list of coins and precious metal products it already deals with, and I think you’ll find their menu appetizing.
Goldco partners with numerous mints across the country and around the world to provide you with coins that are eligible and of high caliber to invest with. They’ll even guarantee to buy them back at the highest possible prices when you decide to close or liquidate your account. That makes things just as easy on the back end as it does when you start.
By The Numbers
Goldco is overall the top gold IRA company you can choose to work with, but whether or not they specifically are right for you depends on the actual numbers and how they line up with your situation. I encourage you to weigh all these factors properly.
Prices for gold and silver products in Goldco’s lineup aren’t something I can really list out for you here because they are subject to constant change. While gold has beaten the stock market overall since 1971 and silver actually grows faster than gold, they still go up and down quite frequently.
If you’re familiar with mutual fund investing, then you’re used to paying a percentage of your assets to the fund for its management. A precious metal IRA through Goldco is different. You only pay a flat fee per year.
The more precious metals you own, the lower the fees will be as a relative percentage of your assets. If you own less gold and silver, then your fees go higher as a relative percentage of your assets. A discussion with one of their reps is best.
You should know that they often waive fees for the first year you are with them. They might also waive fees for anyone over $50,000 in total investment. Custodian fees will vary based on the specific facility and whether or not you choose segregated storage or not.
The minimum purchase for gold and silver outside of a tax-sheltered account is usually $15,000. To do a rollover, you should plan on a minimum of $25,000. At $50,000, you can expect some fees to be waived for the first year and possibly even 5% back in free silver, which I think is a great deal because it’s $2,500 of free silver products.
Goldco Gold IRA Review
If you want to start up your own gold IRA, then I think Goldco is the first place you should look. I’m not alone in thinking they’re the gold standard for the business, but I’m also happy to tell you why I join that group opinion with this review. I made the conclusion on my own.
Goldco is more established than anyone else in the precious metal industry. There are a few that are giving them a good run for their money, but no one has caught up to Goldco yet. I’m not sure anyone will anytime soon.
As I looked into things, I discovered that Goldco is well ahead of everyone else. The gap is massive. You might get that feel for yourself if you go through the thousands of positive reviews among clients who have used Goldco and others, and you see how many of them love Goldco more than anyone else.
Goldco is a great place to protect your retirement investment and savings. They have expert staff that makes things easy for you. They also don’t nickel and dime you to death, and their customer service is outrageously good.
They really are there for you. You would expect any precious metal company to treat prospective clients with white gloves, but Goldco keeps the white-glove level service going the entire time you are with the company. You even get treated like near royalty at the end with their buyback guarantees that make liquidating your precious metals easy and profitable.
If you invest in gold and silver, then it might be because you want to keep your investment safe. Even if it’s just a diversified portion of your portfolio, you want it to remain intact as a hedge against inflation and economic uncertainty. With Goldco, you will feel safe in how you are treated.
Their TrustPilot and TrustLink reviews are stellar. Their reputation through the BCA and BBB is just as exquisite. Consumer Affairs speaks very highly of them.
Part of that is because their advisors aren’t pushy at all. They want you to be informed, and they want you to make great choices for your investments. They’re not looking out for themselves by selling you things you don’t need.
That commitment to your success keeps going after your initial transaction. They’ve got e-books you can read and videos you can watch on top of a team of representatives always ready to answer your questions. You will get educated in the precious metals markets while you are a client here if you so choose.
Before I make Goldco sound like they’re total perfection, I can assure you they are not that. While they work out well for most investors, they don’t actually mesh with everyone.
First of all, if you’re looking to invest less than $25,000 in a tax-sheltered account, you won’t meet their minimum entry-level. Secondly, if you want to invest in platinum and palladium, then you’re going to be out of luck. Gold and silver products only here.
How to Open a Gold IRA With Goldco
The process of opening a gold IRA with Goldco typically starts with two steps. First, you need to alert the administrator of your previous tax-sheltered retirement account that you’re doing a rollover to Goldco. Second, you need to contact Goldco and establish your self-directed IRA.
There are two ways of doing the rollover. You can do a direct transfer of funds from your previous plan administrator straight to Goldco. You can also do an indirect transfer of funds where you get the money yourself and then hand over the funds.
The direct rollover is the route I would advise you to choose whenever possible. It’s simpler, quicker, and less likely to trigger penalties or additional taxes. In either case, you need the whole transfer to happen within 60 business days, or the IRS is going to have a few things for you that you don’t want.
Once the funds are in Goldco’s purview, you need to choose the specific gold and silver products that you want to buy for your account. This is where their customer service and industry experience come in so handy. They’ll not only let you know what specific options you have but also which ones would work best for the financial objectives at the time.
While it’s up to you what to buy, they’ll actually do the purchasing for you. Goldco works with practically every approved custodian for gold IRAs. You can choose the vault you want from that list, and there are options from coast to coast.
Depending on the vault, you might have to choose from segregated storage or nonsegregated storage. Segregated storage usually costs a little bit more each year, but your pile of gold and silver will sit separately from everyone else’s. I like that peace of mind.
Goldco Reviews & Complaints Online
People like me who study the precious metals industry thoroughly actually spend time reading reviews of the various companies involved in this sector. The downside with that when it comes to Goldco is that there are thousands of reviews, given how long the company has been operating. The upside that I like is how awesome so many of these reviews are.
- TrustPilot: Average 4.8 stars out of 5 after thousands of reviews over many years.
- Better Business Bureau: A+ rating, they simply can’t do better than that.
- Google: 4.7 stars on average out of 5 after thousands of reviews across many years.
Should you be worried that some of the reviews aren’t perfect? I don’t think so. No company pleases everyone after a thousand transactions, but Goldco certainly has an impressive batting average and they keep it up over time.
Whether or not celebrity endorsements matter in your decision-making process is up to you. Just to be thorough, I will let you know that Goldco has landed several celebrity endorsements from known figures in politics, news, and Hollywood. These are all three men who have generated substantial wealth for themselves in life and wanted a safe place to protect it using precious metals.
Ron Paul is a former member of the House of Representatives. He has also been a licensed practitioner of medicine as a doctor. In both cases, he worked hard to help Americans protect their health and wealth.
Sean Hannity has also become a celebrity endorser of Goldco as a means of protecting financial wealth in the face of economic turbulence. The Fox News commentator certainly has a front-row seat to that at work every day.
Chuck Norris has a reputation for portraying invincible characters on television and in movies. He, too, has endorsed Goldco as a place where he protects some of the wealth he generated as an action star.
Alternatives to Goldco IRAs
I’ve mentioned several times how Goldco is the gold standard in the business. They should be your first consideration, and they might be your last. However, it’s useful to look at other companies just so you see the contrast for yourself, and some of them might have features that Goldco doesn’t.
- Augusta Precious Metals: Augusta is a company that might have customer service better than anyone except Goldco. Their minimum investment level is higher, but they also feature a customer experience that is absolutely streamlined and seamless. They get to rely on Joe Montana for their celebrity endorsement, and their educational materials are very useful to clients.
- Birch Gold Group: If you want a lower level of investment, then you can get started at Birch for just $10,000. They also have considerable educational resources including regular social media posts, podcasts, and interviews. You’ll need them, however, as they don’t offer quite as much investment assistance as other companies, leaving you to make more of your decisions among limited options.
- Regal Assets: Regal Assets keeps things simple, as they only deal in bullion and nothing fancy. That makes liquidation quick and easy when the time comes. They also sport some of the lowest investment minimums to make precious metals accessible to more investors.
In summary, Goldco is perhaps my top recommendation. It’s always going to be in my top four or five. Their customer service is unparalleled in the industry, and the gap between them and everyone behind them is substantial.
When you talk with them on the phone or over the computer, you’ll almost feel like they have white gloves on at the other end. That’s just the level of service they provide. What’s really impressive is how long they’ve held up the level of customer service, and they do it for prospects, current account holders, and those liquidating and moving on.
If you’ve got at least $50,000 to put into them, you’ll get fees waived and free silver to add to your pile. When you have that much money, you kind of expect to be treated like royalty, and that’s exactly what Goldco will wind up doing for you.
Frequently Asked Questions
Where is Goldco based? Woodland Hills, California.
What precious metals does Goldco provide? Goldco deals exclusively in select gold and silver coins and products. They do not deal with palladium or platinum at this time.
Who runs Goldco? The founder and CEO of Goldco is Trevor Gerszt. He was previously a dealer in precious metals in Los Angeles who specialized in asset and wealth protection.
Is Goldco a reputable company? I’m not sure anyone is as reputable as Goldco. They might honestly have more positive reviews over a longer span of time than nearly anyone else in the industry. The A+ rating from the BBB says it all.