Goldco is a precious metals provider, helping customers convert their current IRA & 401K retirement accounts into Precious Metal IRAs and the delivery of gold & silver to customers (direct to their home) as a method to protect assets in a cash position.
Goldco is a precious metals provider that educates individuals interested in purchasing precious metals. As with other IRAs, precious metals IRAs can be part of a diversified retirement portfolio and should be approached with care and consideration as with any part of retirement planning.
Goldco Review
Founded over a decade ago, Goldco is a leading, award-winning gold and silver provider. The company facilitates the rolling over of funds from an existing 401(k), 403(b), 457, pension or Thrift Savings Plan (TSP) account to a self-directed precious metals IRA. Goldco can also do Roth IRA transfers or conversions.
Goldco’s goal is to help customers learn about precious metals and diversify retirement assets. The company helps customers navigate each step of the gold IRA rollover process. Consumers can also buy gold and silver from Goldco to hold outside of a retirement savings account.
Pros
Specializes in gold IRAs and silver IRAs
Full-service precious metals provider
Over 15 years of experience helping thousands of Americans place over $2 billion in gold and silver
Over five thousands of 5-star customer reviews
Cons
Rarely sells precious metals other than gold or silver
Gold and other precious metal IRAs are an investment and carry risk. Consumers should be alert to claims that customers can make a lot of money in these or any investment with little risk. As with any investment, you can lose money and past performance is not a guarantee of future performance results. Consumers should also obtain a clear understanding of the fees associated with any investment before agreeing to invest.
Goldco Services and Features
Goldco is a precious metals provider that facilitates the transfer or rollover of an individual’s IRA, 401k or other retirement savings to a Gold IRA. All IRAs require a custodian to manage account assets, and Goldco assists with the related paperwork for smooth processing. Customers also receive a great deal of assistance with the direct purchase of precious metals from a savings or cash account.
After assisting customers in completing their paperwork, Goldco provides IRA-approved coins or bar selections for customers to include in a precious metals IRA. A precious metals specialist facilitates the purchase of assets with the custodian and communicates with the storage facility.
Investing With Goldco
Investing in a precious metals IRA can be an attractive option for consumers who want to balance the volatility of stock and bond markets. Consider a precious metals IRA to hold a tangible asset in your investment portfolio.
The Taxpayer Relief Act of 1997 made exceptions to the IRS collectibles rule, allowing specific coins of a certain fineness and quality level for IRA investments. Goldco understands what coins and bars are appropriate for a retirement account. The customer service team has decades of experience with the entire rollover process. You’ll receive assistance with selecting IRA-approved custodial and storage services and precious metals.
Goldco received national recognition in 2021 and 2022 by winning the Stevie Award for Company of the Year at the Annual American Business Awards. The company landed a spot seven times in recent years on the Inc. 5000 list of the fastest-growing private companies in the country. It has also been named one of the fastest-growing private companies by the Los Angeles Business Journal and was ranked #45 on the Inc. 5000 Pacific Regionals list for 2023.
Goldco IRA Costs
Goldco’s required minimum purchase is $15,000 for cash purchases and $25,000 for IRA transfers. The custodian charges a flat annual fee rather than a percentage of assets. Goldco does not charge fees.
Gold storage and custodian fees depend on the company you choose to handle these services (required by the IRS). Average storage fees can run from $10 to $60 per month or as a percentage of assets ranging from around 0.35% to 1% annually.
Cost/Fee
Goldco Gold or Silver IRA
Minimum Purchase Required
$15,000 recommended minimum for cash purposes
Annual Fee
Discuss with a representative. Custodial annual fees may be reimbursed.
Storage Fees
Varies by storage facility.
Custodian Fee
Varies by custodian. Typically $75 to $300 annually, depending on segregated vs. non-segregated accounts.
Metals Available
Variety of gold and silver coins that are IRA-eligible.
Goldco IRA Fees
You’ll find some gold and silver price charts in the IRA section of Goldco’s website. Precious metals prices can fluctuate since they’re affected by production and mining, central bank reserves instability, interest rates, and many other factors.
How to Open a Goldco Precious Metals IRA
Customers can call Goldco directly or fill out an application provided to open a precious metals IRA. You’ll need to provide a Social Security number and other identifying information, as required by any investment account.
Goldco will mail or email you a comprehensive guide explaining appropriate precious metals purchases. After reviewing the options, you can ask further questions to help you decide what gold or silver coins suit your IRA.
Representatives were quick to respond to our questions when we reached out via the live chat feature, but when we asked specific questions regarding fees and the details surrounding the buyback program, we were asked to call the representative.
Competitors are more forthcoming about real-time pricing, annual fee amounts, and commissions. That said, we appreciate that Goldco makes the in-depth blog, eBooks, and educational videos available to all customers, which we feel would be very helpful for potential investors starting their research on gold IRA companies. This, and its silver coins offer for new accounts, allows us to confidently recommend Goldco for first-time buyers who are unsure how to begin investing in precious meals.
Goldco Reviews and Complaints
Goldco has an A+ rating from the Better Business Bureau. Consumer reviews on the BBB site give Goldco 4.87 out of 5 stars. The few complaints filed have all been resolved thoughtfully by the company. Goldco has a AAA rating from the Business Consumer Alliance.
ConsumerAffairs readers give Goldco 4.8 out of 5 stars. Reviews indicate that Goldco is very responsive to questions, and many noted that the precious metals specialists were thorough and patient. Goldco also has 4.8 out of 5 stars on Trust Link and Google reviews.
Goldco FAQ
How do I sell gold or silver held in a Goldco precious metals IRA?
Goldco offers a buyback program guaranteed at the highest price to customers who want to liquidate their accounts.
Can I store my precious metals at home?
No. IRS rules forbid keeping your IRA precious metals at home or in a standard safety security box. The storage facility must restrict access and store each customer’s precious metals purchased as part of their precious metals IRA. This ensures the metals you purchased are returned to you (or cashed in), meeting legal distribution requirements.
Are the values of the precious metals I buy for my IRA guaranteed?
Like all investments, the future value of precious metals is not guaranteed and rises or falls based on various market influences.
When can I take distributions from my Goldco Gold IRA?
You or the beneficiary of your precious metals IRA can start taking penalty-free distributions from the account at age 59 1/2.
How long does it take to roll over a Traditional IRA into a Gold IRA?
IRA transfers typically take around two weeks to complete. However, each Goldco application is different, and processing time varies by case.
Conclusion
Goldco provides education to individuals interested in purchasing precious metals through the rules surrounding precious metals IRAs and IRS-approved investment options. Goldco offers many years of experience with the precious metals market and silver and gold IRAs. Consumer reviews frequently mention the level of customer service Goldco provides throughout establishing a precious metals IRA.
The people at Goldco are not only knowledgeable, they are also very personable. I had a family emergency and everyone from John **, Senior Account Director to all the other people working for Goldco were very caring and most helpful in helping me get cash from my IRA to deal with a near tragedy with a family member.
Every time I communicated with John he lifted my spirits and always told me I was in his prayers and to have faith that everything would be fine as God was watching over my family member and me. I would have never thought a precious metals IRA management company would have so many caring people trying to handle my needs.
If you want to convert your regular IRA to to precious metals call Goldco and you will will be amazed caring attitude as well as their knowledge. I want to say one thing to all the people I worked with. God Bless you all! You restored my faith in mankind! Danny **.
Danny S.
San Antonio, TX
September 13 2024 9:42PM
I invested with Goldco two years ago and I returned in 2024 to purchase more precious metals at this precarious economic time. Carl and his great team at Goldco were efficient polite and helpful in rolling over my IRA to a precious metals IRA. I highly recommend them.
Alex K.
Thornton, PA
September 12 2024 3:50PM
Very professional, seamless transactions. I was extremely pleased and will definitely recommend to family and friends. I look forward to saving for retirement and I am very pleased with the friendly exchange with the team. Thank you all so very much.
William M.
Bishopville, SC
September 11 2024 5:16PM
First time customer. My wife has been a long time customer with you. She peak my interest for some time and she is very satisfied with Goldco. Speaking with your representative whom was very pleasant, informative to my questions. Then for the more in depth questions he turn me over to Fred ** who in turn explained more in depth the ins and outs of how everything works. What really impress me with Fred put me at ease with his knowledge and if he didn't know the answer he would admit it and he seek the answer. He was by no means pushy, very patient with my naiveness of the matter at hand. He made me comfortable enough to make me to become a new Goldco customer. I'm looking forward to a pleasant long relationship with Goldco.
Walter N.
Waverly, NY
September 11 2024 4:32PM
Fast responses, consistent and concise answers. Fair pricing. Could use a faster delivery and less cost per unit for the low end silver rounds. Always professional. Were quick in responding to a late order and were able to answer my questions quickly.
Mark C.
Ypsilanti, MI
September 06 2024 10:56PM
The entire staff is very friendly and helpful. I had the pleasure of dealing with Arthur Schwartz. He walked me through the process of opening my precious metal IRA. Arthur was very knowledgeable and was careful to explain any questions or concerns I had. I would recommend Goldco for anyone looking to invest in precious metals.
Billy G.
Bunch, OK
August 29 2024 7:44PM
As of the last 4-5 years I was made aware from some true patriots of other opportunities of investment other than being in my company 401K. I was able to free myself of having all my eggs in one basket!!! I opened a Precious Metal IRA and rolled over a portion of my 401K. Goldco was a company that kept coming up in conversations, I invested and have no regrets. My go to representative Carl ** and their team are always there to assist!
Penny M.
Houma, LA
August 28 2024 8:17PM
Tyler was very helpful & great at explaining the role over process. He answered all of our questions about gold/silver. And did a thorough job explaining the differences. It helped us decide what was best for us! Definitely glad we made the switch to have a gold/silver backed IRA
Keri T.
Theresa, WI
August 26 2024 11:13PM
Goldco and my rep Kevin Troy made my purchase and IRA conversion smooth and very informative. I would recommend both Goodco and Kevin ** to all family and friends. I feel precious metals are a great way to diversify and protect my wealth now and in the future. No matter what the future holds.
Todd S.
Cypress, TX
August 20 2024 5:21PM
While I have a fair amount of knowledge of the stock market and have purchased gold and silver from other firms in the recent past, I really did not know the various qualities of investments available. This was explained well and gave me a better idea of how to invest in metals for the future. Now I need to digest what you taught so I am more comfortable with what I now have. Thanks so much for the education!!
