Thank you for visiting our Goldco review 2022. In this in-depth review, we have looked into Goldco’s precious metals IRAs, recent verified customer reviews, ratings and complaints, low fee model, buy-back program, pros & cons, and much more to see whether Goldco is a legit company.
If you do not wish to read the full review, let us start with a quick summary of our Goldco rating:
Since this is a comprehensive review, you can use the quick links to jump straight to any section:
Introduction: Why Invest In Precious Metals?
What Is Goldco?
Who Is Goldco Best For?
Goldco Offers The Following Services
1. Non-IRA Precious Metals
2. Precious Metals IRAs
3. Traditional-Based IRA & Roth-Based IRA
Why A Gold Or Precious Metals IRA?
Easy And Stress-Free IRA & 401(k) Rollovers
Highest Buy-Back Guarantee
Is A Goldco Gold IRA A Safe Investment?
Customer Reviews And Ratings
Goldco Fees And Transaction Minimums
Goldco’s Low Fee Model
New Customer Specials
What About Storage?
Goldco Customer Education
Pros And Cons Of Goldco
How To Start A Goldco Precious Metals IRA
What To Watch Out For!
Goldco Customer Service
Goldco Review 2022: Verdict
|Goldco Precious Metals |
21215 Burbank Blvd Suite 600
Woodland Hills, CA 91367
|Products Available: |
To start with a brief introduction to what is going on on the market today, every single day the United States creeps further into debt. And it is taking your IRA/401(k) along with it.
At the time of writing, the national debt is OVER $28.8 trillion and rising.
And as a result, the inflation rate has already surpassed 8.5%!
Unfortunately, this means that your IRA/401(k) has never been more in danger than it is today.
In fact, there is a looming threat that big banks may come after your savings and retirement accounts. For certain accounts, they could help themselves to your money to stay solvent during this financial crisis.
Even worse, it is all going to be 100% legal because of the Dodd-Frank Act.
The bad news is that 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 confiscated…
In uncertain times like these, it is more important than ever to turn to safe-haven investments to protect and grow your wealth.
“Precious metals should not be seen as an investment, but as financial insurance”, Trevor Gerszt – founder of Goldco.
Precious metals will help you:
On top of that, precious metals move in the opposite direction of traditional securities like stocks, bonds, and mutual funds.
So, when the stock market goes down, the price of gold and silver tends to rise.
Unlike stocks, bonds, and mutual funds that are all tied to the dollar, precious metals stand on their own.
Also, investors can legally hold and store gold and silver outside of the financial system or banking system, which decreases governmental control.
It is, therefore, crucial to start protecting your retirement savings account and hedge against an inflated currency. As well as a potential stock market crash, or government confiscation of your hard-earned money.
With that said, in this in-depth Goldco review 2022, we have looked into Goldco’s precious metals IRAs, recent verified customer reviews, ratings and complaints, low fee model, buy-back program, pros & cons, and much more so that you can make the best choice for your future investments.
The bottom line is that if you are looking for a tried and true investment that can provide stability and grow your portfolio, you should invest in physical gold bullion.
For more details, have a look at Goldco’s short video about gold investment over a recession.
Goldco is the leading precious metals IRA provider in the US. The company was first established as Gerson Financial Group LLC. And back then, Goldco was focused on business-to-business precious metals sales.
Goldco has its headquarters in Woodland Hills, California, and is a full-service precious metals firm that specializes in gold and silver IRAs.
In addition, they also sell precious metals directly to customers and offer the highest buy-back price guarantee on the market.
The company has helped thousands of people to diversify, grow, and protect their wealth with physical metals such as gold, silver, platinum, and palladium for over 16 years now.
Overall, Goldco’s mission is to help Americans protect their retirement savings accounts from stock market volatility and inflation through the use of precious metals.
Its specialty has always been the sale and delivery of premium gold and silver coins that are IRA-approved, and in helping you identify which precious metals are right for you.
Goldco was honored as the Company Of The Year in the 2021 American Business Awards.
Inc. Magazine named Goldco the third fastest-growing financial services 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 March this year, Sean Hannity also endorsed Goldco and supports 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.
With that being said, let us take a look at who Goldco is best for next.
Goldco is a great choice for many types of investors, including those who:
Now that we know what Goldco is and who they are best for, let us take a look at Goldco’s services.
Goldco offers two major services or products: precious metal IRAs and direct purchases:
Any investor can buy precious metals through the company. You do not have to be a certain age or have earned income.
When you buy precious metals outright, you can either keep them in a secure vault or have them delivered to your home—whichever you prefer. You can learn more about how to invest in gold in our gold investing guide.
Goldco specializes in facilitating gold and silver IRAs.
They offer an easy and stress-free IRA setup process, where they will do 95% of the paperwork with you and walk you through each step.
As long as you have earned income and are under age 70½, you are eligible for a gold IRA with the same tax advantages as a traditional IRA.
Per IRS regulations, Goldco stores IRA precious metals in a third-party, state-of-the-art vault.
And they use Equity Trust Company as its preferred IRA custodian.
There are two types of gold IRAs available:
3.1 Traditional-Based Gold IRA
With a traditional 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.
Traditional IRAs may be good choices for those individuals who anticipate finding themselves in a lower tax bracket once they reach retirement.
That way, they can realize tax benefits from their contributions during higher-bracket working years and pay taxes at a lower rate on withdrawals once they retire.
Note that a traditional IRA – including a traditional gold IRA – comes with a required minimum distribution (RMD) mandate. This means that you must begin taking annual distributions from your IRA starting at the age of 72.
3.2 Roth-Based Gold IRA
In contrast to a traditional IRA, with a Roth gold IRA, the contributions you make are NOT tax-deductible. This means there is no tax benefit generated from your account contributions that you will enjoy during your working years.
However, when you make withdrawals from your Roth IRA, you do not have to pay taxes on the distributions as you do with a traditional IRA.
Roth IRAs may be a prudent account choice for those individuals who believe the tax bracket they’re in during their working years is lower than the one they’ll be in once they retire.
They will not receive a tax benefit from their contributions while they’re still working, but they won’t pay taxes at all on their withdrawals during retirement when they’re in a higher tax bracket.
Additionally, there is no required minimum distribution feature of a Roth IRA. Something else to be aware of: As of 2022, your modified adjusted gross income must be less than $144,000 in order to contribute to a Roth IRA.
Please be aware that the guidelines presented here for both traditional and Roth IRAs are very broad. Before choosing between a traditional and Roth IRA, you should consult with your tax advisor to ensure you’re making the best decision on behalf of your own particular tax profile.
Traditional IRA accounts may not be enough to provide for you and your loved ones post-retirement. Especially not if the economy continues spiraling out of control at this magnitude.
Investors are looking for IRAs that will not disappear if the dollar does. And the only secure financial asset that has stood the grueling test of time is gold.
Gold or precious metals IRAs permit individuals to diversify any portion of their retirement portfolio — including pre-existing IRAs and former 401k(s) with previous employers — by actually owning physical gold and other metals within that retirement plan.
Investors can securely possess physical precious metals in a tax-deferred account.
Best of all, investors also have the option of a Roth gold IRA, which operates just like a conventional Roth IRA, allowing investors to invest after-tax dollars, accrue gains tax-free, and take distributions tax-free.
The only difference is that a Roth gold IRA invests in physical gold coins or bars.
When it comes to precious metals investing, if you cannot take delivery of your precious metals investments at some point in the process, you are not really investing in precious metals, just paper investments.
What about my existing retirement plan, you may ask?
You do not have to worry about your existing retirement plan, Goldco makes the rollover process painless and easy.
The process in short:
As simple as that!
For more information, check out Goldco Gold IRA: The Ultimate Gold IRA Rollover Guide.
Yes, with over a decade of helping Americans protect and secure their retirement savings, a Goldco gold IRA is a safe investment!
First of all, a Precious Metals IRA Specialist at Goldco will hold your hand and walk you through the process of setting up your new IRA from start to finish.
Second, your precious metals investments will then safely be stored with a custodian, just like any other IRA asset. Gold IRA custodians specialize in storing precious metals and have secure vaults set up to keep your precious metals safe.
More so, they also carry insurance to ensure that, in the very unlikely event that some metals get stolen or destroyed by an act of God, your investments will be made whole.
We feel 100% comfortable saying that opening up a precious metals IRA with Goldco as your choice of gold IRA company is completely safe!
Now, let us move on and look at the essential part of this review: what Goldco’s existing customers say about their services.
To ensure investors that they are working with a legit gold IRA dealer, our in-depth Goldco review 2022 has looked into what customers say about Goldco.
Needless to say, doing your due diligence is important before investing money into anything, whether it is stocks, bonds, gold, or silver.
Fortunately, the World Wide Web makes it difficult for any company to hide.
Clients/customers can go online and vent any frustrations they may have with the gold IRA companies or give them praise.
Luckily, Goldco’s reviews are phenomenal and the company remains greatly respected in its industry. At the same level as its highly regarded rivals and foremost among the sector’s leading competitors.
As you can see, it is difficult to find any negative reviews about Goldco, despite their 16 years in business:
Goldco Verified Customer Reviews And Ratings
To better illustrate what customers say about Goldco Precious Metals, let us take a look at a sample of the Company’s recent, verified 5-star reviews:
In addition, here are a sample of Goldco reviews from Trustpilot:
I received a IRA account when I divorced, and I wanted to protect it in this volatile market. I did my research, and chose Goldco as my very best option. The employees were kind, patient, and knowledgeable. My account was handled professionally and they were always kind and helpful. I would use them again in a heartbeat!
(Barbara, May 9, 2022)
As a new customer I had many questions. The Goldco account team was informative and extremely patient with all of my concerns. They helped me research and gain enough knowledge to feel comfortable with each of my decisions. I appreciate the teams level of professionalism and look forward to future transactions.
(Tammy Robinson, May 2, 2022)
The employees at Goldco have all been very willing to help with any questions. The whole process was very efficient and my wishes were respected at every step. I can definitely recommend Goldco.
(Thomas Hefty, April 5, 2022)
I was recommended to Goldco by trusted sources. It was quite easy to get in touch with them and the process was very easy. They were very informative and educated me on the different metals.
(Heather, March 16, 2022)
First time transforming 401K stock in to precious metals IRA . Goldco walked me through it – everything went as planned . Goldco employees very professional . Very satisfied with my experience . Would recommend services to others.
(Robert Davenport, March 16, 2022)
We have had great service with Josh at goldco and have set up several accounts with no issues
(MARTIN SHUEY, March 11, 2022)
I can not express how the way Goldco from the first inquiry to the last made me feel as if I was in good hands. They were instructive and guided me through each step I made and were patient with each question I asked and made sure I understood. I do not believe i would have made the huge step toward securing my finances with out their assistance. Ever so grateful.
(Maggie, January 21, 2022)
Several months ago, I decided to look into investing in precious metals with part of the money I had in my IRA. I started researching companies to help me and came across Goldco and had a representative call me. After talking he sent me an information packet. I had questions about the process of buying and holding precious metals, so I called him back and he answered my questions, and we began a relationship. I purchased precious metals and was very pleased and comfortable with the way he explained step by step with no pressure and concise clear answers. I am very pleased with my experience with Goldco.
(Consumer, January 20, 2022)
Goldco representative was knowledgeable and patient. The company offers additional information via Pdf, video, or audio.
By doing this first you get a clearer picture of the process and steps you need to take. In their literature, they cite historical and relevant data you can understand.
(Lau, January 18, 2022)
THIS WAS MY FIRST TIME BUYING PRECIOUS METALS AND I HAD NO KNOWLEDGE OF IT THE PEOPLE AT GOLGCO WERE VERY HELPFUL, NICE AND EXPLAINED EVERY DETAIL TO ME IN TERMS THAT I COULD UNDERSTAND. MY SPECIAL THANKS TO MR. HOFFMAN AND MRS. LITTLE THEY WERE VERY PATIENT AND VERY HELPFUL WITH ME.
(Robert Mcwaters, January 17, 2022)
Simple, informative and professional.
(Lou Korte, January 6, 2022)
Excellent service, fast and secured, I highly recommend GoldCo services to anyone who wants to gain control of their finances. Tony Pino was very kind, very professional and very knowledgeable.
(Hilton C, December 31, 2021)
By now, we bet you are wondering about fees and transaction minimums, so let us look at that next.
When it comes to fees, precious metal IRAs at Goldco must pay storage fees every year.
For non-segregated storage, the annual charge is $100. And for segregated storage, it is $150.
There is also a yearly IRA maintenance fee of $80. And 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 comes with a $30 charge.
So, when adding up all the fees, a Goldco IRA with non-segregated storage costs $260 for the first year (setup fee, wire fee, annual fee, and first year of storage) and $180 every year after that, assuming no additional wires.
In contrast to a gold IRA, regular taxable accounts at Goldco have no fees of any kind. There are no annual fees, start-up costs, or storage expenses.
The required starting balance for an IRA is between $20,000 to $25,000. And for taxable accounts, the minimum investment is $3,500.
1. Goldco Precious Metal IRA Fees
2. Goldco Fees For Non-IRA Transactions
Do you wonder how much money you need to invest with Goldco? The chart below lists fees for IRA and non-IRA transactions:
Goldco Investment Minimums
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.
For non-IRA transactions, you pay $0 in fees.
In fact, Goldco offers free and prompt delivery for all-cash sales. And they will even store your precious metals for free (an impressive perk not offered by most providers).
Goldco offers new customer specials that can save you a great deal of money:
Not bad, right?!
Anyway, the question on many investors’ minds is storage, so let us look at that next.
For starters, non-IRA metals can be stored at your home, but not IRA metals. They have to be stored in a third-party state-of-the-art vault (an IRA-approved depository).
No need to worry because Goldco will assist you in transferring any gold or silver bullion that you purchase over to a secured vault.
Besides, Goldco customers can choose from multiple storage companies. And the company Goldco recommends is Delaware Depository.
Not only do they have a fortified facility with Class 3 vaults, but they also have insurance from Lloyd’s of London underwriters, and electronic security.
Also, if you do not care for any of the three facilities that Goldco partners with, you can choose another depository.
Goldco makes customer education a priority.
They offer a “Knowledge Center” on their website, where you can find everything from prices of gold, silver, platinum, and palladium to eBooks and videos.
For example, included in their eBooks are:
You can also find educational videos on Goldco’s YouTube channel, like:
Now, that you know how to get educated on precious metals investing, let us move on to the pros and cons of Goldco next.
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For years, the Gold IRA Experts at Goldco have helped investors take advantage of little-known loopholes in retirement account rules that eliminate fees and taxes when exchanging stocks and bonds for physical metals, like gold and silver.
With that being said, if you want to jump on the precious metals bandwagon, the easiest way to start a Goldco precious metals IRA is to fill out an application online, and you will be contacted by a Gold IRA Expert from Goldco.
As with all financial accounts, personally identifiable information such as a social security number will be required to establish an account.
Furthermore, if you do not already have a precious metals custodian company, Goldco will assist you in setting up an account with one of their recommended custodian companies.
As part of the setup process, Goldco will either email or send you a comprehensive guide explaining all precious metals options for you. This free guide will explain everything you need to know before making any decision on what types of metals you want to place in your IRA.
With that, let us take a look at the simple 4 step gold IRA opening process next.
To begin, opening a gold IRA or precious metals IRA is easy.
Especially when you partner with precious metals experts who know the ins and outs of this type of IRA and will hold your hand throughout the whole process.
To better illustrate how easy it is, here are the 4 simple steps to opening a gold IRA:
1. Select Your IRA Plan
For starters, to invest in precious metals, you have to start with a self-directed IRA. As an investor, you can begin a new IRA account, or roll over from an existing retirement account. It is key to speak with a tax advisor and precious metals expert to ensure that you follow regulations and that any retirement accounts you currently hold are eligible for a gold IRA transfer or rollover.
2. Select A Precious Metals Custodian
Second, gold IRA assets need to be stored with a custodian per IRS regulations. So, working with precious metals investing experts, like those at Goldco, will help you find a custodian experienced with gold IRA investing. That way, you’ll ensure that your self-directed IRA is set-up correctly.
3. Select Your Precious Metals
When choosing precious metals, it is important to remember that they need to meet certain IRS rules and regulations to avoid mistakes when investing for your retirement. Working with a precious metals specialist will ensure that you are choosing the right types of gold, other precious metals, or crypto.
4. Purchase Precious Metals
Once you have chosen your desired metals as an investment, you can purchase them and work with your custodian regarding storage. The custodian will keep your assets safe and secure at a bullion depository so that they will be available when you need them.
Unfortunately, there will always be scammers out there.
That’s why we want to inform you about what you need to watch out for when investing in gold or silver.
The point is, if a gold dealer would recommend investing all your capital into precious metals, the company does not have your best interest in mind.
The whole idea is to diversify your assets, so make sure they only recommend investing parts of your portfolio.
You can rest assured that the IRA Experts at Goldco will carefully consider your long-term investing goals and recommend the best solution for you.
Goldco has associates ready to answer any questions you may have or help you with account-related issues.
The Company’s normal business hours are:
|Monday to Thursday:||8:00 am to 5:00 pm|
|Friday:||7:00 am to 4:00 pm|
If you need any assistance, you can fill out and submit an online contact form and one of Goldco’s Experts will contact you within 24 hours.
We believe that Goldco has earned its spot as the leading and most trusted provider of precious metals or gold IRAs.
First of all, the company offers unmatched customer service and an easy and FREE IRA rollover, where an IRA Specialist at Goldco holds your hand from start to finish. This makes starting a new account with Goldco a quick and pain-free process.
Besides, if you decide to make a cash sale, you are assigned an account executive who makes sure you receive your precious metals on time.
All in all, it is safe to say that Goldco provides “white glove service” and offers expert assistance from start to finish by their knowledgeable representatives. And it is difficult to find any discontent with this company and its stellar customer service.
Their low annual fees, buy-back guarantee, and A+ rating with the Better Business Bureau and AAA rating from Business Consumer Alliance make them the best and safest option to open up your gold IRA account.
On top of that, they also have strategic partnerships with the most experienced and reliable custodians and depositories to keep your metals safe.
Additionally, Goldco was honored as the Company of the Year in the 2021 American Business Awards.
From what we have seen, they go above and beyond to make sure each customer is completely satisfied with their investment.
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 2022 Gold IRA Kit Now!
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 2022:
Please feel free to reach out if you have any questions about the content of this website. If you believe something is reviewed and explained incorrectly, please send us an email at [email protected].
|Disclaimer: The owner of this website is not licensed as an investment advisor and, accordingly, does not make any recommendations regarding clients’ personal investment portfolios. It is recommended that you carefully evaluate and research the risks and rewards associated with investing in alternative assets such as physical precious metals and cryptocurrencies before you make a purchase. Learn more in our Terms of Service. |
We believe it is. Throughout history, gold and silver prices have moved in the opposite direction of paper assets and can, therefore, provide a good hedge against inflation. Past performance doesn’t guarantee future gains, but the numbers show that the weaker the dollar has become in the past, the better gold generally has performed. In fact, the relationship between gold and the dollar is often seen as an inverse one.
Traditional IRA accounts may not be enough to provide for you and your loved ones, post-retirement. Not if the economy remains as uncertain as it has looked recently.
For eons, investors have looked to gold to help them potentially offset losses due to economic turmoil. A gold IRA or precious metals IRA permits you to diversify a portion of your retirement portfolio — including pre-existing IRAs and former 401k(s) with previous employers — by actually owning physical gold (and silver) within a retirement plan. As a result, you can securely possess physical precious metals in a tax-deferred account.
Indirect forms of investing in gold are much riskier than physical metal. You are relying on any third party individual or company to look after your wealth for you, and depending on the company’s success or failure, you risk losing your investment. With physical gold, you are in control of your wealth. Physical gold offers you that layer of protection and security which Gold Exchange Traded Funds (ETFs), gold mining stocks and funds do not.
When investing in a gold IRA, you will get the same tax benefits as a traditional IRA, while actually owning physical gold coins or gold bars.
While some coins can be included in precious metals IRAs, only certain coins are IRS approved for inclusion in IRAs. In fact, not all bars or bullion are IRS approved. The IRS maintains a list of acceptable forms of precious metals for IRAs. You can be certain that a reputable gold IRA company offers a variety of metals for IRAs within IRS guidelines.
Yes. While established gold IRA companies often recommend Equity Trust as their preferred custodian and Delaware Depository for storage, you can choose your own custodian and storage companies.
Non-IRA precious metals, yes. Not metals for an actual IRA. IRS rules forbid keeping your IRA precious metals at home or in a standard safety security box. They must be held by an approved non-bank trustee or a bank within IRS guidelines that restricts access. In other words, just like a traditional IRA, the access to the precious metals in your precious metals IRA must be restricted in specific ways to ensure deposit and disbursement laws are followed.
No. Like all investments, the future value of precious metals is not guaranteed and can rise or fall based on a variety of market influences. But we believe physical precious metals are your safest bet to hedge against a stock market crash, inflation, and the debasing of the dollar.
At age 59½, you or the beneficiary of your precious metals IRA can start taking penalty-free distributions from the account, according to the IRS.
Usually around two-three weeks, although each application is different and the amount of time varies on a case-by-case basis.
The customers will receive top-notch service and specialized account setup knowledge provided by the gold IRA company’s IRA Processing Department throughout the process from start to finish. They do 95% of the paperwork with them. Customers can feel safe knowing they will be kept up to date every step of the transfer process by daily calls or e-mails from the IRA Processing team with any gold IRA company listed on How To Invest Gold. These companies also often provide lifetime account support.
Goldco is one of the leading providers of precious metals IRAs, and its IRA & 401(k) rollovers are easy and painless. They pride themselves in customer service and the ability to help individuals diversify their retirement accounts and skyrocket their wealth.
Goldco has an A+ rating by the BBB, and Inc. magazine ranked Goldco the 528 in its 35th annual Inc. 5000, a list of the nation’s fastest-growing private companies. With Goldco, any investor can buy precious metals outright, even if they specialize in precious metals IRAs.
Goldco offered a clear comprehensive process for setting up a precious metals IRA. Their literature explaining the process and the purposes of a precious metals IRA was clear. The personnel that I interacted with were very professional and personable. Thank you Goldco for helping me make this investment decision (TrustPilot).
My wife and I recently lost $141,000 in the downturn in the stock market. By March 23, 2020 I had enough. I told my broker to sell it all. I looked to precious metals to save us. I found Goldco and with a BBB rating of A+ made a phone call. Rad Brdar made me feel very comfortable with his knowledge of gold and silver. I transferred my IRA and my wife’s IRA to self directed silver IRAs as well as purchasing gold coins. As of May 1 this decision has regained 1/3 of our losses. I know the price of precious metals can go down but it has never gone to zero and for 5,000 years has been the worlds standard of wealth. There are many gold and silver perks Goldco offers their investors so count me in..(TrustPilot)
I wanted to diversify my IRA with precious metals, After reviewing several companies, Goldco stood out as my best choice, and I wasn’t disappointed. David Taylor, Senior Account Executive, was friendly, easy to talk with, and walked me through the process, answering all my questions and concerns along the way. David made the process smooth and unstressful. I would recommend Goldco for anyone thinking of purchasing precious metals (TrustPilot).