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Goldco Precious Metals IRA Reviews and Fees
Looking forward to enjoying a comfortable retirement?
If you’re like most Americans, and us, you’re contributing to an IRA or employer-sponsored retirement plan. These plans normally don’t allow investments in physical precious metals.
If you want to diversify your IRA holdings into “alternative assets” like gold and silver, the IRS has specific requirements. Utilizing a company that specializes in these gold IRA accounts will make sure you meet these requirements.
Goldco Precious Metals is one of these “Gold IRA specialists” and are ready to facilitate your new gold IRA.
Thank you for visiting our Goldco review (2021). In this in-depth review, we provide information for you on Goldco’s precious metals IRAs, customer ratings, low fee model, buy-back program, pros & cons, and much more.
Disclosure: The owners of this website may be paid to recommend Goldco or other companies. The content on this website, including any positive reviews of Goldco and other reviews, may not be neutral or independent.
Why GoldCo?
Overall Rating
- Exceptional Customer Service
- Great Promotions
- Excellent Customer Reviews
- Low Fees
- Gold IRA Specialists
.
- Rating: 9.8/10
- A+ Rating with the Better Business Bureau
- AAA Rating with the Business Consumer Alliance
- High Ratings on Trustlink
High Ratings on Consumer Affairs Registered member of Ethics.Net
- Goldco Precious Metals
- 21215 Burbank Blvd Suite 600
- Woodland Hills, CA 91367
- goldco.com
- Products Available:
- Bullion Bars
- Bullion Coins
- Gold/Precious
- Metals IRA
Goldco prides themselves on providing white-glove customer service and the ability to help individuals diversify their retirement accounts. Inc. magazine ranked Goldco the 528 in its 35th annual Inc. 5000, a list of the nation’s fastest-growing private companies.
Gold Investment Overview (2021)
The United States is sliding further into debt with each passing moment and it is taking your IRA, 401(k) and savings with it. The debt level is increasing so quickly it is hard to keep up with the current amount. But at last check it stood OVER $28,000,000,000,000.
Your financial health could be in danger. If you have $250,000 or more in your IRA, 401(k), TSP, or savings account, you could be one of the first in line to have your money “borrowed” by these institutions for what is referred to as a “bail-in”. They could help themselves to your money to stay solvent during this looming financial crisis.
It will be 100% legal because of the Dodd-Frank Act.
It’s time to protect your hard earned savings!
During uncertain times like these, more people turn to safe haven investments to protect and grow their wealth.
“Precious metals should not be seen as an investment, but as financial insurance”, Trevor Gerszt – founder of Goldco.
Gold is an excellent way to diversify your investment portfolio because historically its price increases in response to events that cause decline in the value of paper investments such as stocks, mutual funds, bonds and currencies. Precious metals stand on their own so they are not tied to the dollar like stocks, bonds, and mutual funds.
Investors are allowed to hold and store metals outside of the financial or banking systems, decreasing governmental control.
If you are looking for a tried and true investment that can provide stability to your portfolio, investing in physical gold bullion could be a wise choice.
Learn how to protect your retirement savings
Click for Chuck’s FREE Report!
Goldco Evaluation
1. What Is Goldco?
Goldco, also 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 also offer direct purchase of precious metals.
Finance and precious metals authority Trevor Gerszt founded Goldco which is headquartered in Woodland Hills, California. The CEO is currently the National Gold Group’s IRA department president.
In 2015, Goldco was awarded the Los Angeles Top Gold IRA firm award by the LA Business Journal. It was named by Inc. Magazine as the 3rd fastest-growing financial services company in the U.S.
In addition, one financial source states…
“Ranked the nation’s number one Gold IRA provider by Inc. magazine, Goldco’s growth reflects Americans’ rising desire for safe haven assets that can protect their retirement accounts from volatile markets.”
Goldco’s mission is to help Americans protect their retirement savings accounts from stock market volatility and inflation through the use of precious metals.
They specialize in gold and silver coins that are IRA approved. The company excels at IRA Rollovers and helping you identify which precious metals are right for you.
2. Who Is Goldco Best For?
If you are nearing retirement and fearful of another financial crisis. The financial crisis of 2008 saw the Dow Jones Industrial Average fall 777.68 percent (the largest single-day loss in Dow Jones history) and took about 4 years to recover. Precious metals can add stability when you need it the most.
If you want to protect your wealth from stock market volatility. Diversifying with precious metals can help minimize your risk as they tend to move in the opposite direction of traditional securities. In other words, when the market is tanking, gold and silver can help you ride it out.
For someone who wants to own physical investments. Companies can go under at any moment. On the other hand, precious metals have been and will be around forever. If you want a tangible item in your portfolio, precious metals may be a good choice.
3. Goldco Services
401k Rollover:
You can rollover an IRA to a gold or silver IRA with the help of Goldco. They will take care of the paperwork and tax-related issues.
Precious Metal IRA’s (Traditional or Roth)
The company has a team of account executives that handle every step of the process from setting up a self-directed IRA, to moving funds between custodians, and purchasing the precious metals to be held in the new IRA.
Non-IRA Precious Metals
Anyone can buy non-IRA Precious Metals through Goldco. Non-IRA purchased precious metals can be stored in a secure vault or delivered directly to your home.
4. Simple 4 Step Gold IRA Opening Process
For years, the Gold IRA experts at Goldco have helped investors like you take advantage of retirement account rules that eliminate fees and taxes when exchanging stocks and bonds for physical metals like gold and silver.
Here are the simple 4 steps to opening a gold IRA when you partner with precious metals experts who know the ins and outs of this type of IRA.
Step 1: Select Your IRA Plan
To invest in precious metals you start with a self-directed IRA. You can start a new IRA account and/or rollover or transfer from an existing retirement account. It is key to speak with a tax advisor and precious metals expert to make sure that you follow regulations and that any retirement accounts you currently hold are eligible for a gold IRA transfer or rollover, or other precious metals IRA.
Step 2: Select A Precious Metals Custodian
In order to comply with IRS regulations, Gold IRA assets need to be stored with a custodian. Working with Goldco your assets will be placed with an experienced custodian to make sure your self-directed IRA is set-up correctly.
Step 3: Select Your Precious Metals
When choosing precious metals within an IRA, it is important that they meet certain IRS rules and regulations to avoid retirement mistakes when investing. Working with Goldco will ensure that your gold and other precious metals comply with IRS rules.
Step 4: Purchase Precious Metals
After the precious metals are selected Goldco will process the purchase and work with your custodian for storage. The custodian will keep your assets safe and secure at a bullion depository so that they are there when you need them.
5. Buy-Back Program
If you later decide to sell your precious metals, Goldco will buy them back from you, and usually offer a much better deal than from most coin dealers. It is your choice where to sell but Goldco will ask that you give them first opportunity to buy back if/when you choose to liquidate.
6. Goldco Customer Ratings
It is difficult to find any negative reviews about Goldco, despite their over fourteen years in business
The internet makes it difficult for companies to hide. Clients/customers can go online and vent any frustrations they have with the gold IRA companies.
Goldco’s reviews are phenomenal and the Company is greatly respected within the industry. Goldco is foremost among the sector’s leading competitors.
Better Business Bureau
Goldco has been accredited with the BBB since 2011.
They have an A+ rating and 110 reviews.
Reviews average 4.93 out of 5 stars.
Their A+ is the top rating possible with the BBB.
TrustLink
Gold IRA Rollover Specialist have 5 Star average rating with TrustLink
Based on 248 verified customer reviews
ConsumerAffairs
Goldco Rollover IRA has a 4.9/5 average rating
Based on 410 ratings submitted in last year
7. Goldco Investment Minimums
- Precious Metal IRAs
- Non - IRA Transactions (Cash Sales)
- $20,000 to $25,000
- $3,500
If you’re looking to open a gold IRA and are unable to meet this minimum, there are other gold IRA companies that are willing to open a gold IRA with as little as $5,000 to $10,000.
8. Low Fee Model
Goldco’s low fee model keeps more money where it belongs—in your pocket.
For precious metal IRAs, you will pay as low as $260 your first year, then $180 every year after that. Want to save even more? See Item #9 below – New Customer Specials!
- Precious metal IRAs at Goldco must pay storage fees every year. For non-segregated storage, the annual charge is $100. For segregated storage, it is $150.
- There is also a yearly IRA maintenance fee of $80. Once a retirement account reaches $100,000, the annual fee increases by $50.
- In addition to the annual fees, there are also one-time charges. An IRA has a setup fee of $50 and depositing funds by wire is a $30 charge.
9. New Customer Specials
As a new customer you can save a great deal of money with Goldco:
Goldco is waiving all fees during your first year when you open an account with at least $50k.
Goldco is giving you 10% back in free silver. Applies no matter how big the transaction. Open a gold IRA with $1M, and Goldco will send you $100,000 in FREE SILVER!
You will earn 5% back in free metals when you place a qualified order over $50k.
Please note that new customer specials are subject to change.
10. What About Storage?
Non-IRA metals can be stored at your home but not IRA metals. Due to IRS regulations, they have to be stored with a third-party state-of-the-art vault (an IRA-approved depository). Goldco can assist you in transferring any gold or silver bullion that you purchase over to a secured vault.
You can choose from multiple storage companies. Goldco recommends Delaware Depository. It has a fortified facility with Class 3 vaults, insurance from Lloyd’s of London underwriters, and electronic security.
Two more options are Brinks in Salt Lake City and IDS in Dallas, Texas. If you do not care for any of the three facilities that Goldco partners with, you work with a storage facility of your choice.
11. Pros And Cons Of Goldco
Goldco Review: Pros |
| Low fees |
| Free storage for non-IRA precious metals |
| Special offers for new customers |
| Exceptional customer service |
| Outstanding client ratings |
| Easy IRA & 401(k) rollovers |
| A+ rating by the BBB |
Goldco Review: Cons |
| High Minimum Deposit |
12. Goldco Customer Service
Goldco provides “white glove service” – expert assistance from start to finish with knowledgeable associates ready to answer any questions and serve your needs. They will go above and beyond to make sure each customer is completely satisfied with their investment.
The Company’s normal business hours are:
Monday to Friday: 7:00 am to 4:00 pm PST
If you need any assistance, call Goldco at (855) 465-3472 or fill out and submit an online contact form.
Goldco’s client satisfaction levels support Goldco being the top gold IRA company. It is difficult to find any dissatisfaction with this company and its stellar customer service.
Starting a new account with Goldco is a fast, tax-free process which is great. You will be guided every step of the way by knowledgeable staff.
As an IRA investor you will get direct access to a specialist who takes care of the entire rollover process.
If you are a non-IRA investor you will have an account executive to make sure you receive your precious metals on time.
If you are thinking of rolling over a retirement account to IRA-approved gold and silver coins, then make Goldco first on your call list!
