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Goldco Review

Wednesday, May 29th 2024

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You’re spoiled for choice when it comes to gold IRA companies. But we must say — companies are not created equal! It is important to take time to do a background check on Goldco and any other IRA management company before getting involved with them! Not all have your best interest at heart. Some are created just to generate profits for the owners.

With that being said, if you’re looking for a thorough Goldco review, then you’ve come to the right place. In this article, we’ve covered everything readers need to know to decide if this company can help you achieve your investment goals and aspirations. With discretion, you can assess the details of our IRA review and determine if they align with your investment account requirements.

About Goldco

Goldco is a precious metals IRA provider located in Woodland Hills, California. The company was founded in 2006 by Trevor Gerszt, a prominent American entrepreneur and businessman.

This firm assists the investor add one or several precious assets to new or existing self-directed IRA accounts while adhering to the IRS regulations. Customers can as well convert their current 401K or other qualified retirement accounts into precious metal IRAs in compliance with IRS rules and quality standards.

Like most Gold IRA companies, Goldco works with self-directed IRA custodians. However, they prioritize Self Directed IRA Services Inc. and Equity Institutional (custodial and depository services).

These two custodians are among the most preferred among dealers and buyers alike. But you still get to choose a custodian or storage facilities outside Goldco’s recommendations and tips, as long as they meet the IRS guidelines.

The firm can deliver the metals directly to your home. But if they are purchased inside an SDIRA account, then the metals will be held by the IRA approved custodian. Americans cannot physically hold their purchase.

Reputation of Goldco

Goldco has established itself as one of the best rated gold IRA companies in the industry. They are accredited by various verified independent market watchdogs, such as Business Consumer Alliance (BCA), Consumer Affairs, Trust Pilot, and Trust Link. If you check out the Goldco’s record on these sites that review gold, you’ll notice that the company enjoys stellar ratings for their IRA and precious metals, particularly gold and silver.

In 2015, Inc. 500 — an American business magazine ranked Goldco as the nation’s number one gold IRA provider. The former presidential candidate Ron Paul also endorsed the firm with faith for diversifying retirement investments through gold, silver, and other precious metals in an IRA. They also won various business awards and received notable designations.

Having been in the business of gold for over a decade, the company would have fetched several negative consumer reviews and complaints if they were involved in unethical business practices. In fact, they would not have survived this far if anything they did was not profitable for investors. They’ve always maintained an open door policy as a way for customers to voice their concerns and questions.

The few negative reviews are probably from people that didn’t understand how the precious metals market works. They likely made an error by investing in an asset without first seeking professional advice and subsequently wrote a complaint or a bad metals review.

Goldco Ratings on Consumer Review Sites

Goldco Products and Services

There’s a variety of precious metals available in the form of bullion and coins. Besides the popular gold and silver, Goldco provides everyone with platinum and palladium as a method to diversify their investment portfolio. To qualify for a self-directed IRA, each precious metal must adhere to the minimum IRA purity standards and fineness set by the IRS (collectibles rule) as follows.

Please note certain exceptions exist for specific coins. Whether you want to buy one gold coin or invest in gold bars for your IRA Goldco has account specialists that can walk you through the available options and guide you finding the right mix of precious metals for your IRA. Gold and silver are the most popular precious metals to invest in within an IRA, probably because gold is recognized as an inflation hedge and silver is in high demand compared to other precious metals. Goldco offers a wide array of coins like the American Eagle or the Canadian Maple Leaf and access to multiple gold bar selections covering most investors and collectors buying needs. Silver coins are also proposed at the best silver prices.

Orders made with Goldco are shipped Registered/Insured U.S. Mail, UPS & Federal Express upon receipt of good funds. All packages are fully insured by insurance companies for the value of the products contained and may require a signature upon delivery.

Other services offered by Goldco to it’s clients:

401(k) Rollover

Goldco can assist you (transfer) rollover 401k or any other IRA to a Gold IRA without any custodian fees or conversions penalties. The amount of time taken to complete a roll over application varies, but it’s usually around two weeks for IRA rollovers. And once the funds have been successfully transferred to your Gold IRA account, you can start investing in gold, silver and other precious metals within your IRA. More details on penalty free IRA transfers and their rollover process are available on their website.

Simplified Employee Pension IRAs

With this product, employers can offer retirement benefits not only to employees but also themselves. The basic eligibility requirements allowed by IRS usually touch on employee’s age, working duration, compensation, and minimum salary earned in the current tax year. You’ll be provided with the necessary information on these, as well as the rules on SEP IRA contribution limits and the ways to respect them.

SIMPLE IRAs

SIMPLE is an acronym for Savings Incentive Match Plan for Employees. This type of product plans offers customers a great tax advantage when they follow the stipulated requirements. Goldco’s Account Executive can help you set up the IRA account and follow all the rules for a better ROI.

Traditional IRA and Roth IRA planning

For traditional IRAs, your contributions are tax-deferred. You’ll be taxed particularly at the end of your investment when making IRA withdrawals. Roth IRAs, on the other hand, are taxed after you make contributions to your IRA account and not at the end of the investment period. It’s possible for customers to convert their traditional IRA to Roth IRA.

Goldco Fees

Creating an SDIRA account with Goldco will attract a one-time fee of $50. The recommended minimum purchase is $25,000, although purchases of as low as $1,500 can be allowed for non-IRA products or deals (cash purchases).

You’ll also need to factor in the gold or silver storage, custodian, setup fee and shipping fees. The amount you pay will vary on the storage options you pick. Such pricing information cannot be accessed on the dealer’s official site. You have to inquire about the actual processing costs and percentage directly from a company representative. Goldco will email you a comprehensive list of all the fees charged and storage method for you to review before making any investment with cash. Their proficiency in providing clear fee structures ensures transparency for their customers.

If you’re going to invest $25, 000 or more, then Goldco will reimburse the gold or silver storage fees for the first year. Well, you won’t receive the refunded money on the handling fee but instead, get a precious metal (silver) of a similar amount.

There are annual administrative costs set at $175 for investments worth at least $25,000. These fees can increase up to $225 if your gold investment hits $100, 000.

As an IRA specialist, Goldco usually rolls out promotions, which are designed to discount or waive the costs above.

Buyback program information

When the time comes to liquidate your gold Goldco has got you covered with their buyback guarantee deal. You don’t have to worry about the hassle of finding a precious metals buyer for the assets particularly for gold and silver sellbacks. This dealer will buy back your metals fast. You will be able to resell gold or silver to someone at the current spot market price, reducing the risk of missing out on any potential gains, straight to your cash account if you want to increase your cash position. This mitigating policy seems to only have pros, hard to find any buyback cons which makes purchase decisions easier on investors.

Support to Customers

Goldco has a friendly and knowledgeable customer care team to help you take action in every step of opening a Goldco IRA. If you have any IRA questions or need advice, you can contact them using a toll-free phone number. Also, you can email customer service team through their inbox or use the live chat feature. They provide extensive information gold, silver and precious metals and will be happy to put you in touch with the right person to open an IRA.

Before you contact Goldco, however, make sure you visit their detailed FAQ Goldco section. You will get answers to many common questions about gold often asked by interested investors like you with similar experiences.

Creating a Goldco Account

If you’re convinced Goldco has the ability to help you build a precious metal portfolio and reach your IRA goals, it’s time to set up an account and open an IRA. You can fill out the online application form on their official site and the agents will surely get in touch within a short period to start the process.

Alternatively, try speaking to a company representative to complete the IRA registration for you. In addition to providing assistance for you to create an SDIRA account, they will provide the information and resource needed for you to make an informed decision on the ideal metals to add to your IRA account, may it be gold, silver, platinum or other precious metals choices.

When establishing your IRA account, the company staff will require you to send some paperwork with personal identifiable information like social security number. You will also be assisted with all the steps to set up an account with one of Goldco’s preferred custodians for your metals investment and retirement products.


Step 1: Fill out the form

Fill out their form. All you will need to provide is your contact information and a precious metal specialist will contact you shortly and will answer any questions you have about a rollover.

Step 2: Receive a free guide

The Goldco agent who will get in touch with you will send you a free comprehensive buyers guide. You have the choice of getting it either through mail or by e-mail. This guide will let you become well-versed in all the investment options available to you.

Step 3: Open and fund your new account

As soon as you come to a decision, their precious metal specialist will help you fill out the necessary forms to open your account and assist you in transferring a portion of your retirement account into a Self-Directed individual retirement account while ensuring that there are no IRS penalties.

Step 4: Choose your metals

The final step involves choosing the metals you want to purchase which will then be sent to a highly secure storage facility.

Goldco’s Exemplary Endorsements

Endorsements by influential figures can speak volumes for the credibility and status of an institution or business within their industry. As a greeting to new entrants in the precious metals market, Goldco has quickly made itself one of the premier gold and precious metal IRA providers and garnered endorsements from multiple notable stars, personalities and professionals, providing added reassurance for those considering their services for gold and silver. Here are just some of them:

Dr. Ron Paul: A former U.S. Congressman and staunch proponent for a gold standard financial system has recently made headlines by publicly endorsing Goldco. This endorsement stands out given Dr. Paul’s unique insight into economic landscapes and insider access to monetary policies.

Sean Hannity: Widely regarded television host and political commentator Sean Hannity has come out in support of Goldco. Known for his conservative viewpoint and extensive following, Hannity’s endorsement exemplifies Goldco as an option worthy of trust for those seeking gold and precious metal investments.

Chuck Norris: Legendary martial artist and cultural icon Chuck Norris has given Goldco his name seal of approval and recognition, further emphasizing their wide appeal among diverse demographics. Norris stands out with a reputation for toughness while remaining a popular gentleman, providing Goldco with another distinctive endorsement and further increasing brand visibility among consumers across multiple demographics.

Ben Stein: Ben Stein is well known as an actor, lawyer, commentator, podcasts creator and economist – thus lending Goldco his backing and expertise in economics, finance, bond markets, gold and precious metals. With Stein’s background as an economist/financier himself he lends significant weight to Goldco’s reputation.

Industry Accolades: Goldco is widely acknowledged to have earned top ratings across industry platforms like A+ rating with Better Business Bureau (BBB), AAA rating with Business Consumer Alliance (BCA), and Trust Link – these accolades and positive IRA reviews being seen as further signs that Goldco is committed to customer satisfaction and finances industry leadership.

Goldco’s endorsement from various and influential individuals illustrate its dedication to quality service and its high level standing as an industry leader in precious metals trading and IRA provider. Potential gold investors should pair these endorsements with extensive research before making informed decisions based on them.

How Goldco Differs From Its Competitors

Goldco has managed to distinguish itself in a competitive landscape of gold and precious metal dealers and IRA providers through numerous factors that demonstrate its unique place within the precious metals sector. A few aspects define how Goldco stands apart from others operating within this space:

Reputation and Trustworthiness: Goldco has built itself an impeccable standing in its field. Earning top ratings from organizations like Better Business Bureau (BBB site), Business Consumer Alliance (BCA), and thousands of TrustLink reviews proves its dedication to transparency, service excellence, and customer satisfaction.

Educational Resources: One of Goldco’s hallmarks is its dedication to customer education on gold, silver and precious metals. Offering educational materials such as eBooks, analysis, webinars, seminars, video guides and articles as free information sources that assist potential investors, the company ensures IRA customers make well-informed investment decisions and judgment with precious metal investments that benefit long-term sustainability and a balanced retirement portfolio.

Exemplary Customer Service: Goldco has earned numerous positive reviews and testimonials that attest to its commitment to details and exceptional customer service. Their knowledgeable representatives ensure customers receive tailored guidance tailored to meet their individual financial needs and money goals.

Comprehensive Service Offering: Goldco takes an innovative, holistic approach to gold, silver, and other precious metal investing. They guide customers from start to finish through every stage of the IRA investment from rolling over an existing retirement account into a precious metals IRA to selecting suitable metals like gold or silver and providing secure storage solutions for their precious metals.

Commitment to Affordability: Goldco is committed to its goal of offering competitive prices on gold and silver that enable both novice and veteran investors to access precious metals trading markets. Furthermore, promotions and deals frequently available highlight its dedication to affordability without compromising quality, giving American homes an opportunity to purchase IRA investments and the best metals prices for their retirement plan.

Focused on Retirement Protection: Goldco stands apart from many of its competitors by focusing on helping its customer base protect their retirement savings money with precious metal IRAs – providing customers with tangible assets like gold and silver products to provide protection from inflation, economic downturns, currency volatility, and stock market fluctuations. A wide variety of gold investments aiming to improve retirement living down the line.

Ethical Business Practices: Goldco is dedicated to operating with integrity and honesty – that means no hidden fees (like account administration fee or other account fees), honest dealings of gold, ethical mining partners, silver and precious metals, and genuine care for their customer’s financial wellbeing.

Goldco’s outstanding track record and comprehensive set of services, from gold and silver dealing to IRA setup, make them an irreplaceable partner in an otherwise oversaturated marketplace for precious metals. Trust, education, and customer service are the cornerstones of their operation – something they value highly at Goldco.

The Bottom Line

Goldco is clearly a well trusted precious metal dealer and investment firm, recognized for their gold and silver products, precious metals and other retirement assets than can be added into an IRA. While the company may not have the largest product range in this IRA niche, it thrives in delivering on its promises and providing great customer service and value for the money. As a result, customers’ reviews say it all.

Maintaining high rankings and customer service praises for all those years they have been in the business is no small feat. As such, they can be trusted to have the experience to guide you through all the important decisions and let you breakdown how certain rules and regulations affect your investments.

Goldco, as an investment company, works together with IRA custodians and IRS approved storage facilities, taking away much of the stress associated with moving things like the physical investment (fear of loosing money).

We are happy to recommend Goldco to anyone looking to invest in an IRA adding gold, silver, and other precious metals alternatives.

Frequently Asked Questions about Goldco (FAQ)


Who owns Goldco?

Trevor Gerszt heads Goldco.

Is Goldco legit?

Goldco has been helping a lot of people convert their retirement accounts partially or fully to Gold IRAs for more than two decades now making it one of the oldest firms in this field. They have been able to give their customers great service over this long period of time and are highly rated on various platforms.

Is Goldco a good firm to invest through?

Goldco takes away an important hassle by dealing directly with the company that manages the customer’s existing account. They are well-versed in converting paper-based accounts to precious metals-based accounts in a manner that does not incur taxes or penalties.

Where is Goldco located?

Goldco is headquartered in Los Angeles area, California

When was Goldco founded?

Goldco was founded in 2006

What are some of Goldco’s unique features?

Direct dealing with company managing existing account
• Hassle-free conversion of existing account to gold IRA
• One of the most experienced gold and precious metals IRA firms

Goldco’s Free Investment Kit

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Click the image above to request the free investment kit from Goldco

Other Great Gold IRA Deals available May 2024

Phone number:  844-559-1065

Website:  https://goldco.com

Other gold IRA companies reviewed:

American Hartford Gold
AdvantageGold
RegalAssets
NobleGold
PatriotGoldGroup
RoslandCapital
LearCapital
AugustaPreciousMetals
BirchGoldGroup
OxfordGoldGroup

Goldco Precious Metals

9.5

Quality

9.5/10

Service

9.7/10

Pricing

9.3/10

Positives

  • Great Reputation
  • Excellent customer support
  • Generous buyback program

Negatives

  • $25,000 minimum investment
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4 Comments

  • Anna says:

    Hello, what is the minimum investment for a gold IRA with Goldco?

    • Hi Anna,

      The minimum investment required to open a gold IRA with Goldco is $25,000. This amount is considered the preferred minimum initial investment for starting a gold IRA account with the company. In addition to this, Goldco charges a flat annual account service fee, which includes a one-time IRA account set-up fee of $50 and a $30 wire fee. The annual maintenance fee is $100, and the storage fee is either $150 for segregated storage or $100 for non-segregated storage​.

      Make sure to sure to conduct extensive research before investing.

      Happy investing!

  • Tina says:

    Hi Christopher, how does their buy back policy work?

    Thank you in advance

    • Hi Tina,

      Goldco’s Buy Back program is designed to offer clients a convenient and beneficial way to sell their precious metals back to the company. Here are the key details of this program:

      1. Highest Price Guarantee: Goldco offers a Buy Back program that guarantees the highest price for the precious metals they sell to their customers. This is particularly reassuring for customers, as it provides a sense of security regarding the value of their investment should their circumstances change and they decide to sell their precious metals.

      2. Competitive Pricing: Customers who choose to utilize Goldco’s buyback feature are offered prices that are notably better than what might be available from regular dealers. This means that if you decide to sell your precious metals back to Goldco, you are likely to get a more favorable price compared to selling them on the open market.

      3. Customer Convenience: Goldco’s buyback program is part of their effort to make the process of investing in and selling precious metals as convenient as possible for their clients. While most gold IRA companies offer a buyback option, Goldco’s program is noted for its generous pricing, which helps customers potentially turn a profit if they decide to sell their metals.

      It’s important for potential customers to inquire directly with Goldco for the most current and detailed information about their buyback program, as policies and market conditions can change. This will ensure a clear understanding of how the program works and how it can benefit their specific investment needs.

      Happy investing!