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Thank you for visiting our Goldco review 2023. For years, the precious metals specialists at Goldco have helped investors leverage a little-known loophole in retirement account rules that makes it possible to protect their retirement savings 100% tax-free and penalty-free.
So in this in-depth review, we have looked into Goldco’s precious metals IRAs, recent verified customer reviews and ratings, complaints, products, annual fees, storage options, buy-back program, pros & cons, and much more to see whether Goldco is a legit company.
Reasons To Choose Goldco As Your Precious Metals Company:
For a limited time, Goldco offers up to 10% of your order in FREE silver! Meaning that if you purchase metals for $100,000, you get $10,000 in FREE silver!
Since this is a comprehensive review, please feel free to use the quick links in the TOC list to jump straight to any section:
| Goldco Precious Metals 24025 Park Sorrento, Suite 210 Calabasas, CA 91302  goldco.com | Products Available:
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To ensure investors they are working with a legit gold IRA dealer, we have in this Goldco review (2023), looked into what customers say about Goldco, plus accreditations from the BBB and BCA.
Needless to say, doing your due diligence is important before investing money into anything, whether it is stocks, bonds, cryptocurrencies, 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. Goldco’s reviews are phenomenal and the company remains greatly respected in its industry despite their 16 years in business.
To better illustrate what customers say about Goldco, let us take a look at a sample of Goldco’s recent, verified 5-star reviews:
Here is also a sample of Goldco’s BBB and BCA ratings, plus customer reviews from the most popular review sites:
Goldco Ratings & Customer Reviews |
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Now that you’ve seen what customers and other watchdog sites say about Goldco, let’s look at some company history next.
Goldco is the leading precious metals company in the US and is also ranked our #1 gold IRA company. Goldco was first established as Gerson Financial Group LLC. And back then, Goldco was focused on business-to-business precious metals sales.
Trevor Gerszt bought the firm in 2011, changing its name to Goldco Direct, which later became Goldco Precious Metals or simply Goldco.
Goldco has its headquarters in Calabasas, California, and is a full-service precious metals company that specializes in gold or precious metals IRAs.
They also sell precious metals coins and bars directly to customers and offer the highest buy-back price guarantee on the market. And their goal is to make gold and silver investments easy, seamless, and secure.
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.
In summary, Goldco’s mission is to help Americans protect their retirement savings accounts from stock market volatility and inflation through the use of precious metals that are IRA-approved.
Being the leading gold IRA company in the US, Goldco has earned several honors and rewards, including:
Now that we know what Goldco is and who they are best for, let us take a look at Goldco’s products.
Goldco offers two major services or products: precious metal IRAs and direct purchases:
| Any investor can buy precious metals through the company. And 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. Goldco even offers free shipping of your metals. The minimum investment for cash sales is $3,500. You can learn more about how to invest in gold in our gold investing guide. |
| Goldco specializes in facilitating precious metals IRAs. They offer an easy and stress-free IRA setup process, where their precious metals specialists will do 95% of the paperwork for you and walk you through each step. As long as you have earned income and are under the age of 70½, you are eligible for a gold IRA or precious metals 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. They use Equity Trust Company as its preferred IRA custodian, and the minimum investment for IRAs is $25,000. |
| There are two types of gold IRAs available: 3.1 Traditional-Based Gold IRAWith 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 IRAIn 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 are still working, but they won’t pay taxes at all on their withdrawals during retirement when they are in a higher tax bracket. Additionally, there is no required minimum distribution feature for a Roth IRA. Something else to be aware of: As of 2023, your modified adjusted gross income must be less than $153,000 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 IRA and Roth IRA, you should consult with your tax advisor to ensure you are making the best decision on behalf of your own particular situation and tax profile. |
By now, we bet you are wondering about Goldco’s annual fees and transaction minimums, so let us look at that next. Overall, Goldco has a competitive fee structure for their precious metal IRAs.
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.
In contrast to a gold IRA, regular taxable accounts at Goldco (cash sales) have no fees of any kind. There are no annual fees, start-up costs, or storage expenses.
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):
Goldco Investment Minimums
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To recap, Goldco’s low-fee model keeps more money where it belongs—in your pocket. For precious metal IRAs, you will pay as low as $180 your first year, plus storage.
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).
There are some staples that have made it into IRAs time and again, partly due to their IRS compliance but also because they represent the very best in the form of gold and other bullion.
American Eagle gold and silver coins are an example of a series with a lot of width and variety that continues to refresh IRA inventories.
Here is a sample of popular Goldco gold coins and silver coins for IRA and non-IRA purchases:
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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). There is 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. But the company Goldco recommends is the 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.
Additionally, two more options are Brinks in Salt Lake City and IDS in Dallas, Texas. The Dallas facility is the only one to offer segregated storage.
If you do not care for any of the three facilities that Goldco partners with, you are free to choose another depository.
Yes, with over a decade of helping Americans protect and secure their retirement savings and over 2,500 5-star reviews on popular consumer watchdog sites, we feel totally confident in saying that a Goldco gold IRA is a safe investment!
And there are more factors contributing to a Goldco gold IRA being 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.
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.
This is the process in short:
It’s really a quick and pain-free process!
For more information, check out Goldco Gold IRA: The Ultimate Gold IRA Rollover Guide or request the >>>FREE 2023 Gold IRA Guide.
Now that you know about storage options, let us move on to the pros and cons of Goldco.
To give you a quick recap, here are some pros and cons of Goldco:
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If you feel that precious metals are for you, 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 at 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 PlanFirst, 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 rollover 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 CustodianSecond, 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 MetalsWhen 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 MetalsOnce 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. |
If you are still not convinced whether investing in precious metals may be a good choice for you, we will dig a bit deeper into why it is a great way to secure your wealth.
If you are like us, you are concerned with the current state of affairs in regard to US politics and the economy. You can easily say that 2022 has been an extremely tumultuous year for investors, and hedge fund managers even predict a global societal collapse in 2023.
Inflation, war, high gas prices, and the Fed’s interest rate hikes are all hitting the wallets of everyday Americans and millions are watching their retirement savings disappear as the stock market continues to take a nosedive.
The Fed can’t seem to get inflation under control and a recession is lurking around the corner. According to research firm Ned Davis, there’s now a 98% chance of a global recession. We may even face another stagflation, and as a result, many Americans are moving their money out of the stock market and into safe-haven assets, like physical gold and silver.
The global spot price of gold has risen significantly over the past 30 years, which shows it’s an asset class investors can rely on:
The precious metals market is also projected to hit $403.08 billion in 2021-2028 and shows a CAGR of 5.6%. And central banks keep stocking up on gold as North America is currently storing 813,962.69 US$m worth of gold according to World Gold Council’s data, which is a sign they fear what’s coming next.
According to US Global Investors graph below, central banks bought 400 tonnes of gold in 2022 – around $20 billion, the most in over a half-century:
As a result, 2023 marks the start of what many believe will be a bull market for precious metals as federal spending is out of control and inflation is remaining high.
Bloomberg Intelligence senior macro strategist, Mike McGlone, sees gold crossing the $2,000 mark and will never look back. McGlone said that if the US goes into recession in March, gold will rise above $2,000 to never look back again. He sees America approaching another round of economic contraction based on the yield curve. This will be good for gold.
Additionally, Ole Hansen, a renowned commodity expert from Saxo Bank in Denmark has predicted that gold prices could reach an all-time high of $4000 per ounce. Should markets conclude global inflation will continue to rise despite the monetary tightening, Ole believes the golden metal is set for gains!
Lastly, billionaires like Thomas Kaplan and Jeff Gundlach believe gold can be headed to $3000 to $5000 per ounce. The future is looking good for the yellow metal.
Now, let’s look at what precious metals can do for you.
Precious metals will help you:
In uncertain times like these, it’s more important than ever to turn to safe-haven investments to protect and possibly also grow your wealth. More importantly, gold is a tangible asset you can hold and has never gone to $0. Unlike stocks, bonds, and mutual funds which are all tied to the dollar, precious metals stand on their own and are a store of value.
“Precious metals should not be seen as an investment, but as financial insurance”, Trevor Gerszt – founder of Goldco.
Additionally, investors can legally hold and store gold and silver outside of the financial system or banking system, which decreases governmental control.
For more information about why you should invest in gold and silver, have a look at Goldco’s short video about gold investment during a recession.
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 and risks taking your hard-earned savings with it.
Investors are looking for IRAs that will not disappear if the dollar weakens. And the only secure financial asset that has stood the grueling test of time is gold.
As mentioned earlier, 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 and other precious metals, meaning real, tangible assets that you can hold.
To conclude, 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 that may evaporate if the dollar does.
But with a gold IRA, you can take your distributions either as cash or physical precious metals as long as you are of age 59½.
Unfortunately, there will always be scammers out there. That is why we want to inform you about what you need to watch out for when investing in gold or silver.
Watch out for sales gimmicks and claims stating that you can store your metals in your gold IRA at home. We have not yet seen that it would be in accordance with the IRS guidelines and could result in penalties.
Also, 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.
Luckily, you can rest assured that the precious metals specialists 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 Friday: | 5:00am to 7:00pm (PST) |
| Saturday | 6:00am to 4:00pm (PST) |
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.
The verdict of our 2023 Goldco review is that 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 with ZERO shipping fees.
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 2023 Gold IRA Kit Now!
>>>Or, see if you qualify for Goldco’s special promotion of up to $10,000 in FREE silver here!<<
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:
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| Company | Reviews | Annual Fees | Investment Minimums (IRA) | Preferred Custodian | Free Gold Kit |
 |  | $180 | $25,000 | Equity Trust |  |
 | | $0 | $50,000 | Equity Trust | |
 |  | $100 | $10,000 | Equity Trust | |
 | | $180 | $10,000 | Equity Trust | |
 |  | $80 | $2,000 | Equity Trust | |
For over a decade, our mission has been to provide investors and retirees with all the information they need when it comes to precious metals and cryptocurrency investing.
Not only do we provide a complete guide on the best ways to invest in precious metals, but we have also carefully vetted the best precious metals companies in the US to help you choose the best provider for your investment needs.
We believe that investing in precious metals and cryptocurrencies through your 401(k)/IRA is one of the best ways to invest in this asset class, due to the tax-saving component. A gold IRA or crypto IRA is the best way to protect your retirement account against an unstable market.
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.
