Thank you for visiting our Goldco review (2021). In this in-depth review, we have looked into Goldco’s precious metals IRAs, customer ratings, low fee model, buy-back program, pros & cons, and much more.
|Goldco Precious Metals
21215 Burbank Blvd Suite 600
Woodland Hills, CA 91367
|Goldco is the leading provider of precious metals IRA’s. They pride themselves in 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.|
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 this writing, the national debt is NOW OVER $25,000,000,000,000.
That said, your IRA/401(k) has never been more in danger than it is today. Big banks may be coming after your savings and retirement accounts. For certain accounts, they could help themselves to your money to stay solvent during this looming financial crisis. Even worse, it is all going to be 100% legal because of the Dodd-Frank Act.
In fact, 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.
Historically, 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.
More importantly, unlike stocks, bonds, and mutual funds that are all tied to the dollar, precious metals stand on their own. Investors are also allowed to hold and store metals outside of the financial system or banking system, which decreases governmental control.
It is, therefore, a good time to start protecting your savings account and hedge against an inflated currency, stock market crash, and government confiscation of your hard-earned money.
With that said, in this in-depth Goldco review (2021), we have looked into the Company’s gold and silver IRAs, customer ratings, low fee model, buy-back program, pros & cons, and much more so that you can make the best choice for your future investments.
If you are looking for a tried and true investment that can provide stability to your portfolio, you should invest in physical gold bullion.
1. What Is Goldco?
1.1 Who Is Goldco Best For?
2. Why Invest In Precious Metals?
2.1 The Coronavirus Impact On The Price Of Gold
3. Goldco Offers The Following Services
3.1 Non-IRA Precious Metals
3.2 Precious Metals IRA’s
3.3 Cryptocurrency IRA’s
4. Why A Gold Or Precious Metals IRA?
5. How To Start A Goldco Precious Metals IRA
5.1 Simple 4 Step Gold IRA Opening Process
6. IRA & 401(k) Rollovers
6.1 Buy-Back Program
7. Is A Goldco Gold IRA A Safe Investment?
8. Customer Ratings
9. Pricing And Transaction Minimums
9.1 Goldco Investment Minimums
9.2 Low Fee Model
10. New Customer Specials
11. What About Storage?
12. Goldco Customer Education
13. Pros And Cons Of Goldco
14. What To Watch Out For!
15. Goldco Customer Service
16. Goldco Review (2021) Verdict
Goldco is a top-rated precious metals company based in the U.S. that was first established as Gerson Financial Group LLC with a focus on business-to-business precious metals sales.
Goldco has its headquarter in Woodland Hills, California, and is a full-service precious metals firm that specializes in gold and silver IRAs, but also sells precious metals directly to customers.
The Company has helped thousands of people to diversify, grow, and protect their wealth with physical metals like gold, silver, platinum, and palladium for fourteen years now.
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 gold and silver coins that are IRA approved. And the Company specializes in helping you identify which precious metals are right for you.
Inc. Magazine named Goldco the third fastest-growing financial services company in the U.S. in 2015.
And the Los Angeles Business Journal named it the 17th fastest-growing company in the greater Los Angeles Area.
Since 2011 the company has grown from ten staffers to, by the close of 2016, over ninety employees.
Goldco is the gold company you can trust, and is a great choice for many types of investors, including those who:
Think back to the 2008 Great Recession. It was a devastating time for millions of investors and many people lost it all.
Now, due to the COVID-19 outbreak, we are facing another financial crisis, and the effects on the economy will be long-lasting. Gold serves as financial insurance and protects your savings account from the effects of stock market volatility and the event of inflation.
Investors who own physical gold and silver have financial insurance that will appreciate in value when the fiat system depreciates.
Precious metals also provide freedom from governmental restraints. Individuals are, in fact, allowed to hold and store metals outside of the financial system or banking system, which decreases governmental control. Investors do not have to fear confiscation of their hard-earned savings.
“Market risk and uncertainty are long term drivers of the price of gold, our expectation is we’re going to continue to face one of those two factors.”
Cavatoni is indicating that the price of gold is going to continue to rise and this is just the start.
Gold’s great performance is backed by billionaires like Thomas Kaplan who believe that gold is on the cusp of a new decade long bull market that will push the price well past $5,000 an ounce. Mr. Kaplan, Chairman and Chief Investment Officer at Electrum Group, said that because of economic fundamentals gold prices could rally as high as $3,000 to $5,000 within a decade.
Many people know that when gold is used as an investment, it has been and still is a good hedge against inflation. With a gold IRA account, you can hold on to assets in the form of gold bars or gold coins and use it as somewhat of a shield against market unpredictability.
When the crash occurs (it will happen at some point, and with the COVID-19 economic shutdown it is more likely to happen sooner than later), your gold IRA will not take a hit. Even when a stock market crash or financial crisis is forecasted, the chances of seeing your money evaporate before your very eyes remain high, whereas assets can be protected from economic uncertainties once a gold IRA has been set up.
If you are looking to hedge against the COVID-19-related economic shutdown or any economic downturn, precious metals can provide the stability and protection you need.
Goldco offers two major services or products: precious metal IRAs and direct purchases. You can also purchase cryptocurrencies from Goldco’s sister company.
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. Find more information about how to invest in gold in our gold investing guide.
As long as you have earned income and are under age 70½, you are eligible for a traditional IRA with the same tax advantages. Goldco offers gold IRAs, silver IRAs, or a combination of both.
Per IRS regulations, Goldco stores IRA precious metals in a third-party, state-of-the-art vault.
It uses Equity Trust Company as its preferred IRA custodian.
Traditional IRA accounts may not be enough to provide for you and your loved ones post-retirement. 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.
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.
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.
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.
If you want to jump on the precious metals bandwagon as well, 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 social security numbers will be required during the establishment of an account.
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 mail or email you a comprehensive guide explaining the precious metals options for you to review before making a decision on what types of metals to place in your IRA.
To begin the process of opening a gold or precious metals IRA is simple, especially when you partner with precious metals experts who know the ins and outs of this type of IRA.
Let us show you the simple 4 steps when opening a gold IRA.
1. Select Your IRA Plan
To invest in precious metals you have to start with a self-directed IRA. You can start a new IRA account, as well as 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.
2. Select A Precious Metals Custodian
Gold IRA assets need to be stored with a custodian per IRS regulations. Working with precious metals investing experts, like those at Goldco, will help you find a custodian experienced with gold IRA investing to make sure 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 retirement mistakes when investing. Working with a precious metals specialist will ensure that you are choosing the right types of gold and other precious metals.
4. Purchase Precious Metals
After you choose your desired metals, you can go ahead and purchase them 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.
Goldco provides “white glove service” – expert assistance from start to finish with knowledgeable reps and strategic partnerships with the most experienced and reliable custodians and depositories. Goldco also has a 100% Customer Satisfaction Guarantee so that you can feel completely safe.
Do not worry about your existing retirement plan, Goldco makes the rollover process painless and easy.
The process in short:
As simple as that!
Find out more about the rules and regulations in Gold IRA Rollover & Transfer Explained.
With a gold IRA, your precious metals investments are stored with a custodian, just like any other IRA asset.
More so, gold IRA custodians specialize in storing precious metals and have secure vaults set up to keep your precious metals safe. 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.
How do investors know they are working with a legit gold IRA dealer? In our in-depth Goldco review (2021), we have looked into what customers say about Goldco.
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 companies to hide. Clients/customers can go online and vent any frustrations they may have with the gold IRA companies.
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 fourteen years in business:
To better illustrate what customers say about Goldco Precious Metals, let us take a look at a sample of the Company’s recent 5 star reviews on TrustPilot.
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. (Philip Carpino March 24, 2021)
I just completed an IRA rollover and it went very smoothly, Tony kept me up to date throughout the entire process. His knowledge and professionalism from start to finish gave me the confidence that I had made the right decision to use Goldco for my rollover. (Edward Locascio, March 18, 2021)
I did research before doing business with Goldco. I felt comfortable and rolled an IRA over to a precious metals IRA with Goldco. To me, that says everything. (Mark Nataupsky, March 14, 2021)
From start to finish every step was explained thoroughly and buying precious metals could not have been any easier.
Every person was professional and friendly. Goldco is rated as a reputable source of metals. I look forward to doing business with Goldco in the future. (Cat Ketelsen, March 8, 2021)
I started my Goldco IRA account last year. I have been pleased with the ease of doing business and even more pleased with my first year results. I am now adding more to my account. Thank you Goldco! (Jim Rose, March 1, 2021)
Purchasing gold and silver was my first time experience they were very helpful in my decision making thanks. (Dirk Uhlig, February 27, 2021)
I truly appreciate your assistance in answering my questions and helping me choose the precious metals and ratios best suited for my needs. I’m also very pleased the Goldco representatives have been professional, informative and friendly. I consider myself to be very fortunate and happy to have chosen Goldco to assist me with my investments. I highly recommend Goldco! (Dev Jensen, February 26, 2021)
This is the second time I have purchased precious metals from Goldco. It was easier this time that the first time. What i mean is that now I have an account set up, and the time it took to transfer the funds was extremely quick. The reason for this transaction is, I MADE MONEY ON MY ACCOUNT. More than what i made in my 401 in the same period. Will watch this next quarter and probably be buying more soon. Great job GOLDCO, I appreciate what you have done. Thanks again. (John Hadfield, February 23, 2021)
I was very nervous about moving some of my 401k to a gold IRA, but I knew it was time to move some of my money into precious metals. Carl and Ryan answered all my questions and I researched Goldco. So, I decided to go with Goldco. They help me throughout the process to move funds from my 401k to a gold IRA. (Bill Bourland, January 29, 2021)
I purchased Gold, Silver and Platinum coins today for my new GoldCo SEP-IRA. My Account Executive, Carl Oliverio, is quite pleasant and knowledgeable. He’s been helpful all along the way in setting up the Custodial Account at Equity Trust, explaining how the process works, and the associated fees, and in getting the rollover of funds from my former custodian in a timely fashion. Today was “choose your products day”, done in low-key phone call with Carl, with all my questions answered, and the precious metals purchased. Overall, the GoldCo Precious Metals experience has been a good one, both interesting and pleasant. (MC, January 28, 2021)
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.
Adding up all the fees, we see that 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.
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. For taxable accounts, the minimum investment is $3,500.
Goldco Precious Metal IRA Fees
Goldco Fees For Non-IRA Transactions
Wondering 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. 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:
Non-IRA metals can be stored at your home but not IRA metals. They have to be stored with a third-party state-of-the-art vault (an IRA-approved depository). Goldco offers to assist you in transferring any gold or silver bullion that you purchase over to a secured vault.
Goldco customers can choose from multiple storage companies. The one Goldco recommends is 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. The Dallas facility is the only one of the three to offer segregated storage. If you do not care for any of the three facilities that Goldco partners with, you can choose another.
Goldco makes customer education a priority. Goldco has a Knowledge Center on its website, where you can find everything from prices of gold, silver, platinum, and palladium to eBooks and videos.
Included in their eBooks are hot topics like:
You can also find educational videos like:
In this video, for example, you will learn 5 reasons to why it is a good idea to rollover your IRA to gold:
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.
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|
The verdict of our in-depth Goldco review (2021) is that yes, customer/client satisfaction levels show proof of Goldco being the best, if not one of the best, gold IRA companies. It is difficult to find any discontent with this company and its stellar customer service.
Starting a new account with Goldco is also an easy tax-free process which is great. The process is quick and painless and you are guided every step of the way.
IRA investors get direct access to a specialist who takes care of the entire rollover process. Non-IRA investors get assigned an account executive who makes sure they receive your precious metals on time.
It is safe to say that Goldco provides “white glove service” – expert assistance from start to finish with knowledgeable reps and strategic partnerships with the most experienced and reliable custodians and depositories. They will go above and beyond to make sure each customer is completely satisfied with their investment.
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!
|Fill in the online application and Goldco will pay your account fees during your first year when you open an account with at least $50k.
Yes. Gold and silver prices generally move in the opposite direction of paper assets and will, therefore, provide a good hedge against inflation. The weaker the dollar becomes, the better gold performs. In fact, the relationship between gold and the dollar is often seen as an inverse one. A weaker dollar normally results in a higher gold price while a stronger dollar results in a lower gold price. Gold and silver are a safe haven for people looking for shelter from more traditionally volatile investments, like stocks.
Traditional IRA accounts may not be enough to provide for you and your loved ones post-retirement. Not if the economy continues spiraling out of control at this magnitude.
The only secure financial asset that has stood the grueling test of time is gold. A gold IRA or precious metals IRA permits you to diversify any portion of your retirement portfolio — including pre-existing IRAs and former 401k(s) with previous employers — by actually owning physical gold (and silver) within that retirement plan. As a result, you can securely possess physical precious metals in a tax-deferred account.
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. Best of all, Goldco deals in a variety of precious metals for IRAs within IRS guidelines so you do not have to worry about this.
Yes. While Goldco recommends Equity Trust Company as custodian option and Sterling Trust for storage, you can choose your own custodian and storage companies.
Non-IRA precious metals, yes. Not metals in 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 and keeps all precious metals segregated by the customer. This ensures exact metals purchased by a specific customer are returned to that same customer once legal distribution requirements are met.
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.
At age 59½, you or the beneficiary of your gold or precious metals IRA can start taking penalty-free distributions from the account, according to the IRS.
Usually around two weeks, although Goldco stresses each application is different and the amount of time varies on a case-by-case basis.
Customers do benefit from lower fees by going through Goldco and will receive top-notch service and expert knowledge provided by Goldco’s IRA Department throughout the process from start to finish. The Gold IRA experts at Goldco really make it as simple as 1-2-3 and help their customers navigate the process without a hitch.
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).
Please feel free to reach out if you have any questions about this review. If you believe something is reviewed 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.|
Our mission is to provide investors and retirees all the information they need when it comes to precious metals and cryptocurrency investing. We aim to provide a complete guide on the best ways to invest in gold, silver, and crypto.
We believe that investing in precious metals and cryptocurrencies through your IRA or 401(k) is one of the best ways to invest in this asset class, due to the tax-saving component. A gold or crypto IRA is the best way to protect your retirement account and adds financial insurance.
Whether you are interested in gold coins, pure minted bars, EFTs, or gold mining stocks, you will find the information you need on this website to get started on the right foot.