Gold IRAs could be a great way to diversify your portfolio with exposure to physical precious metals assets. Today, we’re looking at a top player in the space in our Goldco review. Stay tuned to see if this company is the real deal.
Goldco Review: Overview
Goldco Precious Metals, more commonly known as Goldco, was founded in 2006 with a focus on physical metals. The firm is based in Woodland Hills, California, under founder Trevor Gerszt. Goldco is a precious metals retailer that can help you roll over your retirement portfolio into a precious metals IRA.
Goldco Review: What Is Goldco?
Precious metals company Goldco was created to help customers secure their wealth by rolling over investments into either a Gold or Silver IRA.
Goldco offers precious metals for clients at a predetermined rate. As the account owner, the client has complete control over their assets. When you’re ready to buy more, all you have to do is contact Goldco and place your order.
Goldco offers a wide variety of precious metals, including coins, bars, and bullion. Goldco only partners with very reputable companies to provide either segregated or unsegregated storage.
Goldco also partners with trusted custodian companies who make certain that the coins and bullion are carefully safeguarded.
The firm is customer-focused, as shown in their incredible reviews.
Goldco Review: How Does Goldco Work?
A majority of companies do not offer the option to invest in precious metal IRAs, limiting employees to stocks, bonds, ETFs, and other paper assets.
However, investors are adamant that gold and other precious metals are necessary investments for any strong retirement portfolio. Gold and silver have the potential to resist stock market volatility and could hold up better than traditional assets during a downturn.
This is where Goldco steps in. Their IRA specialists can help you set up a self-directed silver or gold IRA so you can invest in physical precious metals.
No one can guarantee the performance results of gold or other precious metals, but these staples could be much lower risk than many other available investments.
Who Is Trevor Gerszt?
Trevor Gerszt hails from the second-largest gold-producing country in the world, South Africa. Growing up in a family of coin collectors, Gerzst quickly developed considerable knowledge about coins and precious metals.
In 2006, Trevor took that knowledge and founded a gold dealing firm in California to provide honest feedback to those looking to invest in precious metals for retirement IRAs.
A proponent of investing in oneself first, Gerszt encourages individuals to take care of their health and well-being so they can make sound financial decisions. He also stands firm on the belief that it’s vital to diversify money and hedge savings across various investment vehicles.
Goldco Review: Free Self-Directed IRA Guide Review
Goldco offers a free comprehensive, self-directed gold IRA guide to help potential customers or consumers understand all their services.
The guide is sent out as an eBook, a video, or an audiobook.
These products include information on how to break free of old-fashioned IRAs and take control of your investments. They also explain how and why to diversify a retirement plan so it can weather financial storms and stock market dips.
Oftentimes, Goldco runs promotions where you can get additional bonuses for opening an account. Recently, they offered 10% in free silver for qualifying customers. The company runs these promotions often, so there’s a good chance you can get a little extra if your timing is right.
Goldco Review: What Does Goldco Include?
Goldco features two types of IRA plans as well as other features which may be of interest to consumers:
- Self-Directed gold IRA
- Self-Directed silver IRA
- Buy gold and silver
- Cryptocurrency IRA
- Safety Custodians
Goldco Review: Self-Directed Gold IRA
Goldco’s more notable feature is its self-directed gold IRA. The gold IRA acts like a traditional IRA but holds precious metals instead of paper assets.
While it is referred to as a gold IRA, Goldco allows a combination of precious metals to be held in the account. Customers are able to invest in gold, silver, platinum, and palladium. Each precious metal must meet the minimum IRS quality level.
The company also makes it easy to roll over funds from another IRA or 401K. They help through the process of selling assets in the existing account, moving those funds to a Gold IRA, and then buying precious metals with those funds. Goldco’s specialists are there to help every step of the way.
Funds can either be brought in pre-taxed form as a traditional IRA or post-taxed form as a Roth IRA.
Goldco only offers its clients gold IRAs from well-respected custodian companies. You can rest assured that your IRA custodian will be trustworthy and qualified.
Goldco Review: Self-Directed Silver IRA
People have used silver for centuries to protect their wealth from uncertain times. Today silver is just as strong a precious metal to invest in, even if gold gets the lion’s share of the spotlight. Silver, like gold, maintains its value well but often sees more significant percentage gains.
Silver is seeing an increase in industrial demand and is currently at a place where it shows great growth potential. Silver may provide a great way to add some diversification to any retirement investment portfolio.
As with all of the Goldco precious metals IRAs, the silver IRA is protected by a trusted private custodian who keeps money in retirement accounts safe.
As with gold, silver can be used in either a traditional IRA or a Roth IRA.
Goldco Review: Buy Gold and Silver
Any investor can use Goldco to purchase gold, silver, and other precious metals right through the company. There’s no requirement for doing this, and it is a separate service from a precious metals IRA account.
When an investor purchases precious metals in this way, the precious metals can either be stored in a secure vault with Goldco or delivered directly to the investor.
Goldco also has a buyback program should a buyer ever need to sell any of their precious metals, be it bullion or coins. Rates are typically slightly lower than market spot prices, but they’re competitively priced in comparison to other companies.
Goldco Review: Cryptocurrency IRA
Gold and silver have remained a steady investment for ages, but cryptocurrency is quickly rising up as another strong opportunity for investment retirement accounts. Standing as a sister company to Goldco, Coin IRA launched in 2017 and provides IRAs that invest solely in digital currency.
Coin IRA became a leader in the digital coin IRA space in just a few short years, making cryptocurrencies an easy addition to a retirement account. These accounts give you an opportunity to easily diversify your portfolios with minimal headaches.
Goldco Review: Safety Custodians
Like most self-directed IRAs, Goldco uses a third-party custodian to monitor and safeguard precious metal assets. Their preferred custodian, the Equity Trust Company, is highly regarded in the financial world.
Goldco has specialists on hand to help each customer with all the paperwork required to set up an account with a custodian.
Goldco Review: Educational Resources
Within Goldco’s extensive educational library are several free eBooks and videos available for download. These are available to anyone, not just Goldco customers.
Topics cover tips on how to buy gold and silver, how to keep gold and silver safe, and five ways to get the most out of your IRA.
Goldco Review: Goldco Cancellation Policy
Should you ever need to close up your IRA account through Goldco, they make the process easy. By canceling a Goldco account, precious metals are sold at value, and those funds can then be rolled into a new IRA or invested elsewhere.
Goldco Review: How Much Does Goldco Cost?
While Goldco does not provide any pricing information on their website, their customer support team is easily available via online chat. When looking at the different products Goldco offers, fees are different depending on whether customers are enrolling in precious metal IRAs or performing non-IRA transactions.
Goldco Review: Fees for Goldco Precious Metals IRAs
Goldco doesn’t charge fees directly. They don’t charge you anything outside of the price of the precious metals your purchase.
However, your eventual account custodian will likely charge some type of fees. Exactly what those fees are will depend on who holds your IRA.
You’ll have to speak with Goldco to get an exact number for your account. However, most of the fees are minimal and in line with industry standards.
Goldco Review: Fees for Goldco Non-IRA Transactions
Investors who wish to purchase their precious metals outside of an IRA can do so for no money outside of the cost of the asset itself. There are no fees for setup, maintenance, or storage. However, shipping fees may be applicable.
If you want to purchase precious metals directly from Goldco, you need to show them that you have at least $25,000 in short-term, liquid assets like cash and savings accounts.
Once you can prove that you have the assets on hand, you can purchase metals directly from Goldco.
Goldco Review: Investment Minimums
Goldco’s goal is to help you diversify your portfolio with precious metals. They don’t want you to dump your whole account into gold and silver. However, they want to make sure you have enough assets that they can properly diversify your portfolio.
As a result, Goldco only offers precious metals IRAs to customers who can demonstrate at least $50,000 in retirement assets.
You don’t need to transfer that much money over, but you need to show that you at least have that in your portfolio.
That way, they can see that your portfolio is large enough to properly diversify with precious metals.
Goldco Review: Is Goldco a Reputable Company?
Goldco has helped clients invest in precious metals since 2006, and even after 15 years, they have stellar ratings across the board.
The company has earned a triple-A rating with the Business Consumer Alliance, citing dependability and ethical business practices along with positive customer reviews. Goldco has also earned an A+ with the Better Business Bureau, which is the highest of their ratings.
The few complaints against Goldco are quickly addressed by representatives of their customer support team.
Goldco is based in the United States in Woodland Hills, California. The firm has chosen only the most reputable custodians and storage facilities to ensure asset protection.
Although ten years newer, sister company Coin IRA shares a similar spotlight with positive reviews and a stand-out customer service team.
Goldco Review: Pros and Cons
As a company with top-tier products that keep the customer in mind, it’s not hard to find good things to say about Goldco. That being said, there are a few things to keep in mind.
- Multiple services to choose from
- Low custodian fees for account setup and maintenance
- Top ratings across company review sites
- Many five-star reviews from clients
- Stellar customer service
- Several educational materials to educate potential clients and new customers
- Specialists help with account setup and money transfer
- Wide selection of gold, silver, platinum, and palladium in coins and bullion form
- Fees are not listed on the website
- Some complaints about the markup on certain coins
Goldco Review: Is Goldco Right for Me?
When it comes to retirement accounts, Goldco is a great choice for anyone who can meet the minimum requirements.
Goldco’s precious metals could be a great tool for diversifying your portfolio. Gold and silver have the potential to be an effective hedge against economic uncertainty. Many investors run to gold and silver as soon as the stock market takes a dive, so precious metals could be a good place to be during a downturn.
Goldco may also be a solid option for anyone who wants to purchase physical precious metals instead of promises on paper. Gold and silver have been sought-after commodities since antiquity, and we can’t see any sign things will change any time soon.
Even if you have no desire to move all your wealth away from a traditional IRA, Goldco is an excellent opportunity to diversify and protect your retirement. It’s common knowledge that it may be best to not put all your financial eggs in one basket, and precious metals can be a great place to start.
Goldco Reviews by Investors
With 98% 4 and 5-star reviews on websites like TrustPilot and Consumer Affairs, it’s evident that Goldco’s is well-received across the board. Here are just a few of the more recent reviews:
This was our first experience investing with gold and silver. After some research we decided to go with Goldco. Right from the start the team at Goldco was very helpful explaining our options. We had a great deal of questions which were covered in detail. Just completed our first purchase that, I guess, over time we will see if this was a wise choice. One can never tell however If you do plan to invest in precious metals Goldco would be a great choice.
-Phillip, on TrustPilot
I wanted to move the assets in my late Wife’s IRA to mine to only pay one storage fee. I have had an excellent experience with Goldco for the past 3 years, and wanted to continue doing business with them. Everyone I dealt with in all the departments were more than generous with their time to make sure all the paperwork was done right to complete the transfer of the assets went as smooth as possible.
-Charles, on Consumer Affairs
My complete experience from the time I became serious about protecting my money I was completely handled by some very Professional people and they really came through for me. I would recommend the Gold Co team and challenge anyone to not be afraid to take the step in securing your hard earned monies. Thanks Goldco and CNB…
-Jeff, on Consumer Affairs
Final Review: Is Goldco Worth It?
Goldco is a trusted company with over 15 years of experience investing in precious metals. With incredible reviews and few complaints, Goldco shines as a solid investment platform for your retirement account.
With top-notch customer service, Goldco clearly keeps the consumer in the forefront with all they do with competitive rates and responsible service.
You’re going to need to rely on the results of your retirement strategy after you retire. Goldco can help you get set up with a self-directed IRA quickly and painlessly.
It’s a great way to take control of your retirement portfolio. It’s the way to invest in a physical asset while still enjoying the tax benefits of an IRA.
If you’re ready to make the leap to a gold IRA, you should give Goldco serious consideration.
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