Are you looking for ways to save for retirement and are wondering about the Goldco IRA reviews and complaints, annual fees, storage options, how to set up a gold IRA account with Goldco, and more?
Then, you’ve come to the right place!
In this in-depth review, we have looked into everything you need to know about Goldco to help you make an informed decision about whether to choose this precious metals company for your investment needs.
Since this is a comprehensive review, feel free to use the quick links in the TOC list to jump straight to any section:
|24025 Park Sorrento, Suite 210,
Calabasas, CA 91302
|– Bullion Bars
– Bullion Coins
– Self-Directed IRA
– Cash Sales of Precious Metals
Let’s start by taking a look at why a precious metals IRA can be a good investment in times of market volatility and the looming recession.
You may have heard of Individual Retirement Accounts, or IRAs, which come with tax advantages. But have you heard of a precious metals self-directed IRA? It holds physical gold, silver, or other precious metals under the account holder’s guardianship, rather than paper assets.
Even though paper assets are convenient and easy to trade, one of the main risks is that they aren’t backed by physical gold but rather by a promise to deliver gold at some point in the future, which may never happen if the company goes bankrupt. It may, therefore, be worth considering physical gold and silver as a way to diversify your retirement portfolio.
“In a world of ongoing pressure for policymakers across the globe to print and spend, zero interest rates, tectonic shifts in where global power lies, and conflict, gold has a unique role in protecting portfolios. It’s wise to hold some of what central banks can’t create more of.“ – Billionaire investor Ray Dalio
With that being said, if you haven’t considered what precious metals company to invest with yet, let us tell you about Goldco – the undisputed leader when it comes to retirement investments. Goldco’s awards are truly impressive, making it the obvious choice in this sector.
To give you a quick overview, here are the pros and cons of Goldco:
✓ Outstanding Ratings & Customer Reviews
✓ Unmatched Customer Service
✓ Dedicated Precious Metals Specialist
✓ Easy IRA & 401(k) Rollovers
✓ No High Pressure Sales Tactics
✓ Highest Buy-Back Guarantee
✓ Free Storage for Non-IRA Precious Metals
✓ Cannot Set Up an Account Online
Goldco Pros Explained
Goldco BBB Rating, BCA Rating & Customer Reviews
A+ BBB Rating and AAA BCA Rating – the Better Business Bureau (BBB) evaluates companies on various parameters like customer complaints, operations, time in business, ad practices, and government actions. Here’s the exciting news – Goldco has nailed the BBB evaluation by earning an A+ and has been BBB-accredited since 2011. The company also has an AAA rating from the Business Consumer Alliance.
5/5 TrustLink Rating – Goldco has a 5 out of 5 star rating on TrustLink, as well as a 4.8 star rating on TrustPilot, plus more than 1,000 reviews on other consumer watchdog sites — 91% of which have five stars. Many of the reviews call out Goldco’s impressive customer service. You can find more reviews here.
Unmatched Customer Service
Many customers rave about their excellent experiences with Goldco – they appreciate the ease of finding the perfect products and services to suit their portfolios, thanks to Goldco’s high-quality offerings.
Apart from products and services, customers have reported that Goldco’s knowledgeable and professional staff is what sets the company apart. Their precious metals specialists are not only responsive but go above and beyond to help investors with education or opening a gold IRA.
Customers can breathe easy knowing that Goldco’s customer service team is accessible anytime, through phone, email, or online chat. With their swift response times and dedication to transparency, Goldco has earned a glowing reputation.
By prioritizing personalized service, transparent communication, and accessibility, Goldco ensures that its customers are never left in the dark.
Dedicated Precious Metals Specialist & Easy IRA & 401(k) Rollovers
Goldco has an ace up its sleeve that they want you to know about – access to your very own dedicated precious metals specialist. These exclusive feature benefits investors of all levels, who might sometimes need some extra help navigating the process.
Selecting metals, figuring out which metals can be converted to a gold IRA, and checking availability is made easy with the help of your personal precious metals specialist. They’re available every step of the way to answer any questions, alleviate concerns, and help you make more informed decisions.
Being your go-to guide for all things gold and silver IRA, your precious metals specialist will help you open your account, select the perfect metals, and ensure all tasks are completed seamlessly – no stress, no confusion.
Goldco prides itself on providing exceptional customer experiences. Offering a personal precious metals specialist as a resource guarantees support and special focus is always given to each investor. You can rest easy knowing that Goldco is committed to your success with its no-pressure sales approach.
Highest Buyback Guarantee
Goldco offers a buyback program with the highest buyback guarantee – which is one of the many advantages of working with Goldco, especially when it comes to precious metals. As you know, liquidating precious metals can be quite a hassle and a concern for investors.
But Goldco has a solution. The company offers a buyback program and promises to give its customers a fast and fair price quote based on the current spot price of the metal. Best of all, other customers have reported a successful profit when selling their gold and silver back to Goldco.
One more thing, If you see that your metals are increasing in value, it’s a good indication that you’ll be able to make a profit. Goldco strives to offer the best price on the market, making their buyback program a great option for those worried about resale.
User-Friendly Website With Educational Content
Goldco’s website is easy to navigate – and also offers an abundance of educational resources for anyone looking to stay ahead of the game in the precious metals market. You’ll find everything from the Federal Reserve to Social Security, and even tips on how to pay off debt in retirement.
They also offer a three-part guide on everything you need to know about gold IRAs. Overall, Goldco’s website is a wealth of knowledge waiting to be explored.
Goldco Cons Explained
Gold IRA Investment Minimum Is $25,000
Goldco’s preferred minimum investment to open a gold IRA is $25,000 – which can be a bit high for certain investors. However, if you want to make a regular purchase of gold and silver coins or bars, the minimum investment is only $3,500. Additionally, you can find companies with lower investment minimums on our list of the 7+ best gold IRA companies.
Can’t Set Up An Account Online
You can’t set up a gold IRA account and buy precious metals online – you have to either request this Free Gold IRA Guide or call Goldco’s customer service. Their Gold IRA Guide is a great resource, which educates investors on everything they need to know about precious metals and gold IRA investments.
With the pros and cons of Goldco out of the way, let’s take a look at the company’s background.
Goldco is a full-service investment firm based in Calabasas, California, that helps you invest in precious metals in a unique way. You can use Goldco to roll over your 401(k), 403(b), TSP, 457 plans, and similar retirement accounts into a precious metals IRA, also called a gold IRA, stored securely at their state-of-the-art facility.
If you prefer, you can also purchase physical coins and bars for personal use. And with Goldco’s highest buyback guarantee in the industry, you’ll have peace of mind knowing you’ll get a great offer if you decide to sell.
In summary, Goldco has been a trusted precious metals provider for over a decade and has helped customers place more than $1 billion in gold and silver investments.
Trevor Gerszt is Goldco’s CEO and has been running Goldco for over a decade now. With Mr. Gerszt in the lead, Goldco has helped thousands of people to diversify, grow, and protect their wealth with physical metals.
Goldco has experienced tremendous growth lately, despite economic factors that plagued most companies over the last two years. For example, since January 2019, the company has grown its revenues by more than 189%. This was one of the reasons Goldco was honored as the Company Of The Year in the 2021 American Business Awards.
At Goldco, the mission is to empower investors by providing exceptional customer service, valuable precious metals education, and a wealth of resources to help them make confident decisions.
Goldco Celebrity Endorsements
You may be pleased to hear that big names like Sean Hannity, Stew Peters, Ben Stein, and Chuck Norris have recognized Goldco for its exceptional services as the only precious metals company to receive such accolades.
They all support the company’s growth initiatives to educate people about the benefits of buying gold and silver, as well as protecting their IRA, 401(k), TSP, or pension accounts with physical precious metals.
They say that Goldco is the gold and silver company they recommend to their friends and family.
American talk show host, conservative political commentator, and author Sean Hannity means, “I learned early on to put a percentage of earnings in gold and silver. That’s why I recommend Goldco.”
Additionally, American martial artist and actor Chuck Norris says, “The only trustworthy company I recommend for gold and silver is Goldco.”
Goldco offers various options to diversify your portfolio, including gold and silver IRA accounts, gold coins, and gold bars. They even have a special silver bonus offer for opening a precious metals IRA.
With a gold IRA, you get to hold physical gold in various forms such as bars, ingots, and coins. Goldco sources IRA-eligible gold coins from mints around the world, ensuring that they are 99.5% pure.
Remember, by IRS rules, all IRAs must have custodians, whom you authorize to manage and protect the assets. Goldco stores your precious gold and silver assets in a secure depository, which the IRS also requires.
You can withdraw the assets once you reach the age of 59½, either in their original form or as cash raised by sales of the precious metals. Goldco also offers a buyback guarantee for IRA-approved gold coins.
When it comes to silver IRA, you can deposit silver coins, bars, and ingots into your Goldco precious metals account. Approval for IRA eligibility requires that silver coins be 99.99% pure. Similarly, you can purchase gold coins and bars either inside or outside of a precious metals IRA.
Gold Coins & Gold Bars
Don’t want to open a gold IRA? No problem! Goldco offers you the option to purchase gold coins and bars directly with the help of their precious metals specialists and your assets will either be delivered to a depository of your choice or directly to your home. You can select from coins and bars sourced from mints in the U.S., U.K., Australia, Canada, Netherlands, and New Zealand. Goldco even offers free shipping on direct purchases.
Silver Coins & Silver Bars
Silver coins offered by Goldco include the U.K.’s Silver Britannia series, the Australian Crocodile, the Silver Veteran, and the Silver WWI and WWII coins.
And how about a 1 oz. Chuck Norris’s “Five Principles” silver coin minted in New Zealand? It even comes in a wooden box with a certificate of authenticity.
Just like their gold counterpart, Goldco’s silver bars can be purchased for use in your precious metals IRA or to privately hold. They also come from various producers and are of different weights.
Popular Gold & Silver Coins
Here’s a sample of the most popular Goldco gold and silver coins and bars for IRA and non-IRA purchases:
- American Eagle Gold Coins
- Gold American Eagle Proofs Coins
- Gold Australian Striped Marlin Coins
- Gold Liberty Coins
- Gold Phoenix Coins
- Gold Australian Sea Turtle Coins
- Gold Valor Coins
- Gold Maple Leaf Coins
- American Gold Buffalo Coins
- 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
- Numerous PAMP Suisse and Perth Mint gold bars of various sizes
- Silver American Eagle Coins
- Silver American Eagle Proof Coins
- Silver American Bald Eagle Coins
- Silver Australian Spotted Eagle Ray Coins
- Silver Australian Striped Marlin Coins
- Silver Great Barrier Reef Coins
- Silver Maple Leaf Coin
- Silver World War I Coin
- Silver WWII Victory Coin
- Silver Australian Saltwater Crocodile Coin
- And more.
When it comes to investing in a gold IRA with Goldco, they set a $25,000 preferred minimum initial investment. What’s more exciting is that you’ll get a dedicated representative to walk you through the account opening process. And as we mentioned earlier, the company’s customer service is top-notch which puts Goldco on top of our list of the best gold IRA companies.
The required minimum purchase at Goldco to start a gold IRA is $25,000. Goldco’s preferred Custodian charges a flat annual account service fee which includes a one-time IRA account set-up fee of $50, as well as a $30 wire fee. Annual maintenance is $100, and storage is $150 for segregated storage or $100 for non-segregated storage.
Fees for gold storage and custodianship can vary depending on the company you select to handle these services (required by the IRS, as all IRA assets must be managed by a custodian). Depending on the Custodian, storage fees can range from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1% annually. Goldco does not charge any storage fees for cash transactions over $25,000.
Do you wonder how much money you need to invest with Goldco? The chart below lists the minimum investments for IRA and non-IRA transactions (cash sales):
|Precious Metals IRA||Non-IRA Transactions (Cash Purchases)|
Non-IRA metals can be stored at home, but not IRA metals. They require storage in an IRA-approved depository, such as a state-of-the-art third-party vault. Goldco helps transfer any gold or silver bullion you purchase to a secure vault or ship it to you for free for regular cash purchases.
Goldco’s customers have several storage choices, including the recommended Delaware Depository. This facility has Class 3 vaults and is insured by Lloyd’s of London underwriters, providing electronic security. Two additional options are Brinks in Salt Lake City and IDS in Dallas, with the Dallas facility alone offering segregated storage. If none of these three storage partners is preferred, customers can select another depository.
Now that we have a grip on Goldco’s product offerings, annual fees, and storage options, let’s take a look at what customers say about Goldco next.
The Better Business Bureau has awarded Goldco top marks. And the Business Consumer Alliance is equally impressed. Not to mention the 5-star averages from Trustlink and Consumer Affairs. Goldco goes above and beyond for their customers, which is reflected in the reviews they have received.
With over a decade in the industry, Goldco has numerous high-profile endorsements and mentions, proving its dependability, utility, value, and name recognition.
But don’t take our word for it. See for yourself with these recent, verified customer reviews:
- A+ Rating by the Better Business Bureau (their highest rating) and a 4.83 out of 5-star rating based on 646 customer reviews
- AAA Rating by the Business Consumer Alliance (their highest rating) and a 4.8 out of 5-star rating based on 1555 customer reviews
- 1685 Total Reviews With a 4.9 Average Star Rating on Google
- 254 Total Reviews With a 5 Star Average Rating on Trustlink (their highest rating)
- Consumer Affairs (their highest rating) Total Reviews With a 4.8 Average Star Rating on
- 1238 Reviews with 4.8 Average Star Rating on TrustPilot (their highest rating)
- Sean Hannity, Stew Peters, Ben Stein, and Chuck Norris also endorsed Goldco as the precious metals company they recommend
During the last 3 years, Goldco has had 26 customer complaints on the Better Business Bureau, and 11 complaints have been closed in the last 12 months. Customers have mostly been upset over gold and silver being purchased over the spot price or not being entitled to their silver coins bonus, which has been resolved.
Additionally, on the Business Consumer Alliance (BCA) page, they’ve had 1 customer complaint in the last 3 years that’s also been closed. We consider this normal and reasonable with all years the company has been in business. There are always going to be some customers that aren’t happy no matter what business you’re running.
Being the leading gold IRA company in the US, Goldco has earned several honors and rewards, including:
- Goldco was honored as the Company Of The Year in the 2021 American Business Awards
- Inc. Magazine named Goldco the third fastest-growing financial service company in the US in 2015. And the Los Angeles Business Journal named it the 17th fastest-growing company in the greater Los Angeles Area
- In 2021, Goldco and New Zealand Mint announced the release of the 2021 Chuck Norris 1 oz. silver coin
- In March 2022, Sean Hannity and Stew Peters also endorsed Goldco and both support the company’s growth initiatives to educate people about the benefits of buying gold and silver. As well as protecting their IRA, 401(k), TSP, or pension accounts with physical precious metals
If you are interested in physical precious metals, starting a Goldco gold IRA is easy! Simply, fill out this online application and a Goldco precious metals specialist will contact you within 15 minutes. Filling out the short form will also grant you access to a Gold IRA Guide that they’ll ship to you for free. This comprehensive guide will give you all the information you need to make informed decisions about your investment.
To establish an account, you’ll need to provide personally identifiable information like your social security number. If you don’t have a precious metals custodian company, Goldco will help you set up an account with one of their preferred custodian companies.
This is Goldco’s precious metals IRA setup process in short:
✓ Sign Your Agreement
To secure your precious metals purchase and understand Goldco’s terms of doing business, you will review, approve and sign a standard customer agreement.
✓ Fund Your Account
Goldco offers a few options to fund your account: sending funds through a bank wire, or simply mailing a check to our Los Angeles office. If you prefer to pay by check, they’ll even provide a FedEx shipping label, which means you can expedite your precious metals purchase with no shipping costs.
✓ Select Your Precious Metals
As soon as you have funds in your account, it’s time to start thinking about which precious metals to add to it. You get to pick and then Goldco handles the shipping. Plus, you can choose to have your coins delivered to an independent insured depository, sent straight to you, or even qualify for free storage.
For more information, you can watch this video on how to start a precious metals IRA with Goldco:
And that’s it! Opening a precious metals IRA is an easy process and takes about 10 days from start to finish. Also, Goldco’s precious metals specialists will hold your hand throughout the whole process and help you with the paperwork.
Best Overall Precious Metals And Gold IRA Company
Our 2023 Goldco IRA review concludes that they are indeed the best and most trusted option for precious metals or gold IRAs. The company offers unparalleled customer service that makes opening a new account quick and easy with zero headaches.
If you choose to make a cash sale, a dedicated account executive ensures timely and hassle-free delivery. With their buy-back guarantee, low fees, and top-notch rating from the Better Business Bureau and Business Consumer Alliance, it’s clear that Goldco delivers “white-glove service” through knowledgeable representatives, leaving customers satisfied with their investment.
They also have partnerships with the most reliable custodians and depositories to ensure your metals’ safety, and their recognition as the Company of the Year in the 2021 American Business Awards also attests to their excellence.
That said, if you are thinking of rolling over a retirement account to IRA-approved gold and silver coins, then Goldco should be first on your call list! >>> Get Your FREE 2023 Gold IRA Kit Now!
What is a gold IRA?
A gold IRA is a self-directed Individual Retirement Account (IRA) that is specifically designed to contain gold, silver, and other precious metals. You can make pre-tax contributions to this specialized IRA, and your investment earnings will accumulate tax-deferred just like a traditional IRA.
The primary divergence between a gold IRA (aka precious metals IRA) and a Traditional IRA is that the former only contains physical gold, silver, or other metals, not paper assets like stocks, bonds, EFTs, and funds.
Why invest in a gold IRA?
Opening up a gold IRA account has many benefits, and can, for example, help you:
- Hedge against a weaker dollar and increasing inflation
- Limit exposure to economic uncertainty
- Mitigate the effects of geopolitical instability
- Diminish negative fallout from the coronavirus economic crisis
- Diversify your portfolio
- Take real ownership of your financial future
As Trevor Gertz puts it, “Precious metals should not be seen as an investment, but as financial insurance.”
Is Goldco a legit precious metals and gold IRA company?
Goldco boasts a whopping decade of experience in helping customers invest over $1 billion in gold and silver. The best part? Its secure storage options are backed by nationally recognized insurance companies, ensuring that your precious metals are safe and sound.
Whether you’re keen on setting up a precious metals IRA or simply buying gold or silver, Goldco can help you.
What types of precious metals does Goldco offer?
Goldco offers gold and silver in the form of proofs, coins, and bars, as well as platinum and palladium in the same variations.
What is the minimum investment required for Goldco?
Goldco requires a minimum of $25,000 to start a new IRA account.
How much are Goldco’s annual fees in total?
Goldco’s annual fees are $280-$330 depending on if you choose segregated or non-segregated storage for your precious metals.
How do I roll over my IRA or 401(k) to Goldco?
If you want to expand your retirement savings portfolio securely and with tax advantages, rolling over your 401(k) or retirement account to an IRA through Goldco is a fantastic option.
The process is simple. First, you’ll need to contact Goldco for an account application. Once you’ve been approved for an account, Goldco will support you throughout the transfer process.
No need to stress, they’ll just ask for some basic information about your current retirement plan such as the account number, the name of the current custodian, the amount of funds available in the plan, and the type of retirement account you’re interested in rolling over.
What’s the difference between a Traditional Gold IRA and a Roth Gold IRA?
With a Traditional gold IRA, the contributions you make are tax-deductible (subject to income limitations). When you start taking distributions from your gold IRA, the amounts withdrawn are taxable as ordinary income. And you can start taking distributions without penalty when you are age 59½.
Consider Traditional IRAs if you’ll be in a lower tax bracket during retirement, so you’ll benefit from lower taxes on withdrawals. Keep in mind, though, that all Traditional IRAs require mandatory annual distributions starting at age 72.
Roth accounts, on the other hand, vary from traditional ones in a few ways. For example, with a Roth gold IRA, contributions are not tax-deductible, which means you won’t enjoy any tax benefits from your account contributions while you’re working. However, unlike traditional IRAs, if you make withdrawals from your Roth IRA, you don’t need to pay taxes on distributions.
A Roth IRA might be the way to go for individuals who think they’ll end up in a higher tax bracket once they retire than they’re in during their working years. Even though they won’t get a tax benefit from contributions while working, they won’t have to pay taxes on withdrawals during retirement when in a higher tax bracket.
It’s also worth noting that Roth IRAs don’t require you to take out a specific amount each year. One other thing to keep in mind is that your modified adjusted gross income as of 2023 will need to be less than $153,000 to contribute to a Roth IRA. Bear in mind that IRA guidelines are general, and consulting with a tax advisor will help you make the best decision for your specific situation and tax profile before choosing between a traditional IRA and Roth IRA.
Can I take physical possession of the gold in my IRA?
As the proud owner of your IRA, you can rest easy knowing that your precious metals are safely and securely stored in a top-of-the-line depository. And when you reach the age of 59 ½ and become eligible for distributions, you’ll have the exciting option to withdraw your funds in either cash or physical metals. For more information about the rules and regulations, visit our article Can I Take Physical Possession Of Gold In My IRA?
Does Goldco offer home storage gold IRA?
Goldco only offers home storage for non-IRA precious metals, but not for IRA metals. They have to be stored with a secure depository like the Delaware Depository according to the IRS rules and regulations.
What are the potential risks of investing in precious metals?
Before diving into investing in precious metals, it’s crucial to consider potential hazards. Like any investment, the value of your metals can fluctuate based on market conditions. It’s a rollercoaster ride — exhilarating as your wealth grows, but nerve-wracking when it dips.
Additionally, these investments do not generate any income as they simply represent a tangible asset rather than an income stream, so you should always do your due diligence before deciding to invest in any asset class. You can start by >>>requesting this Free Gold IRA Guide to learn more.
Is everyone eligible for a precious metals IRA?
Yes, anyone who has earned income qualifies to open a precious metals IRA. It’s a great option for anyone with earned income looking to secure their financial future.
Is a Goldco gold IRA a safe investment?
Yes, starting a gold IRA with Goldco is a safe investment. With over a decade of experience helping Americans protect their retirement savings and thousands of 5-star reviews on popular consumer watchdog sites, Goldco has got you covered.
Additionally, Goldco’s precious metals IRA specialists will guide you through the whole process, making it a breeze to set up your new IRA. Plus, your precious metals will be stored with a custodian, who specializes in safekeeping precious metals in secure vaults. Not only that, but Goldco also has insurance to cover any unlikely loss of metals due to theft or natural calamities, ensuring that your investments are safe and secure.
With Goldco as your company of choice for opening up a precious metals IRA, you can rest assured that your investments will be in good hands.
If you want to look around a bit more before making a final decision on what gold IRA provider to choose, we have reviewed and rated the best gold IRA companies of 2023. You can request their gold IRA kits directly from the reviews table below:
For more details about each company, you can visit our guide on the 7+ best gold IRA companies of 2023.