Welcome to my Goldco review.
Let us get to know Goldco and create an honest review of it this 2021!
What does Goldco offer? How do I invest in them? What services do they offer? How much does it cost?
All this and more will be answered in this in-depth Goldco review!
Goldco Review Summary
- Name: Goldco
- Website: Goldco.com
- Founder: Trevor Gerszt
- Account Minimum: $25,000 recommended minimum
- Fees: Annual Fee of $175, increases to $225 at $100,000 investment level
- Recommended?: Yes, Highly!
What Is Goldco?
Goldco is a company that helps you secure your existing Individual Retirement Account (IRA) by converting it into a Gold IRA.
So, if you want your wealth and assets secured at their finest, Goldco is the one for you. Goldco is a company that specializes in helping you protect your assets.
They are top-rated by trusted and renowned business and review websites such as Better Business Bureau, Consumer Affairs, Trustpilot, and Trustlink.
Investing with Goldco
Investing in Goldco is easy as pie. If you have an existing IRA whether it is 401 (k), 403 (b), or any other qualified retirement account, you can have them converted into a Gold or Silver IRA.
They even offer direct sales of their precious metals in coin or bullion forms. This can certainly catch the interest of collectors and investors!
Goldco even has a team of IRA specialists in which they will guide and support you as you go through all the steps of investing and protecting your retirement savings which took you basically all your life to earn.
Goldco has been in the industry for more than a decade. Trust me, they know what they are doing. Thousands of customers trust their services and are satisfied with how they do their work.
The Goldco team is committed. They remain to their commitment with the conviction of helping individuals like you protect, secure, and even grow your hard-earned retirement savings.
Goldco offers different types of services to suit your palette, some are as follows:
Gold IRA from Goldco
A Gold IRA is a type of IRA where precious metals like physical gold and other types of approved precious metals are being held in custody on behalf of the owner (or the IRA account owner). The purpose of it is the same as a traditional IRA. The difference is that you are holding physical gold or precious metals instead of paper assets.
Under a Gold IRA, you can own physical gold, silver, platinum, and palladium. This comes with a minimum IRS requirement in terms of quality levels.
Given that Gold is the most commonly purchased precious metals, most people even those with other types of precious metals IRA call their accounts as Gold IRA.
Investors eye a Gold IRA because they believe that it is a necessity for a diversified investment portfolio. The idea of having a gold investment is that when stock markets are down and even if the global economy is failing, the value of gold and precious metals are almost unaffected by it.
It is the best choice of investment because you are holding real and physical assets instead of stocks, bonds, mutual funds, etc.
A Gold IRA is a tax-advantaged investment account that allows people with an existing traditional IRA to invest in it easily!
Other reasons to choose a Gold IRA are:
- The Tax Advantages it offers (where Gold gets to accrue tax-free gains)
- Easy Rollover from Existing Retirement Accounts
- Incomparable Financial Stability (since Gold is the basis of many currencies around the world!)
- Remarkable Growth and Wealth Appreciation
- Diversifying your assets to save you from inflation, currency risk, etc.!
Silver IRA from Goldco
Just the same as the idea of a Gold IRA, a Silver IRA is another service offered by Goldco to protect and secure your assets.
Silver is a good investment choice because of its:
- Growing industrial demand and Low Above-Ground Supplies
- Protection from Trusted Custodians (To keep your investments safe and sound even during an economic crisis)
- Transparency (Where you’ll see the worth of your investments in any newspaper)
Buy Physical Gold, Silver, and other Precious Metals
Goldco requires a minimum purchase of $25,000.
They require fees such as:
- Annual Fee = $175, increases to $225 at $100,000 investment level
- Storage Fees = Will depend on the Custodian.
Goldco reimburses one year of storage fees per $25,000 invested in the form of “like-value” silver, not to be included in IRA holdings.
- Custodian Fees = Varies
How is The Support?
Goldco‘s representatives and specialists are very hands-on when it comes to providing superior service!
They are very timely and informative.
They are well-trained to be helpful and friendly and always keep your mind at ease when you’re worried about your assets!
Goldco’s Reviews & Complaints
Goldco has a 4.92/5 rating on BBB which is an excellent rating, and they also have tons of positive reviews!
Some of the reviews and comments can be found below!
How to Start a Goldco Precious Metals IRA
I think by now you’re pretty much decided on investing in a Gold IRA from Goldco. Here are the steps to do to become an investor:
- Know what type of Gold IRA you want and will best suit you! You can choose from a conventional type of Gold IRA that requires pre-tax dollars or a Roth gold IRA that requires post-tax dollars.
- Choose the source of your funds! This can vary from a 401(k), 403(b), 457(b), TSP plan, traditional IRA, Roth IRA, SEP-IRA, SIMPLE IRA, or any other qualified retirement plan you have!
- Get a Custodian! Now that you have your own gold, you can’t just hide it under your bed, you need a custodian to store it with and Goldco and help you in that.
- Have your Gold IRA funded! If you roll over your existing IRAs into a gold one, you have to sell your assets from your existing accounts and roll them to your gold IRA. But, no worries! Specialists from Goldco got your back and will make sure that your funds are properly distributed into your new Gold IRA.
- Buy that Gold! Now, you can choose which type of precious metals you want to buy and would best suit your needs. Goldco Representatives will work with you to provide you what you need!
Want a better way to guide you? Watch this video!
What I like About Goldco
#1 BuyBack Program
Goldco offers a buyback program in which they will buy back from you the physical precious metals or sell them through the metals market when a client begins distributions from their IRA.
#2 Great Customer Service
Goldco provides excellent customer service because of their hands-on team that will never get tired of answering your queries and providing support all throughout the process!
#3 Low Fees
For only an annual fee of $175 to $225 at a $100,000 investment level, you’ll get state-of-the-art customer service and investment opportunities! Getting that gold to remain in your hands won’t cost you too much!
#4 New Customers receive a Special Offer
For new customers, Goldco provides special and exclusive offers!
- ALL FEES ARE WAIVED in your first year with an initial investment of $50k!
- 5% FREE METALS when you order over $50k!
#5 Goldco’s Educational Resources
Goldco gives customers essential learning tools and resources to customers of all kinds to guide their way to investing and rolling over to Gold IRA!
Goldco even has a team to provide you the answers you need when a question arises to you!
#6 Too Many Satisfied Customers!
Goldco is undeniably the best of its kind!
- BBB = A+ accredited business since 2011! 4.93/5 star rating from 104 customer reviews
- Trustlink = 5-star rating based on 253 reviews and complaints
- Trustpilot = 4.8/5 star rating based on 564 reviews
What I Don’t Like About Goldco
#1 They don’t have an account setup application online
Sadly, Goldco hasn’t yet offered an account setup application online. So, what you need to do is to give them or email them and have you supported by them personally!
#2 Their IRA Minimum Deposit is $25,000
Goldco’s minimum deposit is $25,000.
That’s quite a big amount for starters. So, it is a commitment and an investment at the same time! You better get yourself ready!
Is Goldco A Scam?
In this Goldco review, I assure you that GOLDCO IS NOT A SCAM!
You can trust this company with your investments, especially with the existing retirement account you have.
Your assets and the hard-earned money you have from all your years of working are safe with them!
They have been in the industry for more than a decade and have gained the trust and confidence of many customers and investors!
Well, from everything that I have said in this Goldco review,
GOLDCO IS NOT A SCAM!
However, this is still an investment company, and we know that investments have risks!
Having a Gold IRA is not an assurance of an instant and untouchable level of wealth or assets, but even so, you don’t require that big of risk appetite when investing in it.
Nevertheless, investing in them is still your choice and it must be based on what you think is best for you!
Thank you for reading my Goldco Review!
Got questions? Comments? Just comment below your thoughts and queries!