Updated: June 10, 2024
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.
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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 is a leading, award-winning gold and silver provider founded over a decade ago. 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. The company also assists with direct purchases of gold and silver that can be shipped to any location in the US.
Goldco aims to help customers learn about precious metals and diversify retirement assets. Customers have access to a vast award-winning library of audio, video, digital, and print materials that provide details about the benefits of precious metals ownership.
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Gold and other precious metal IRAs can carry risk. Consumers should be alert to claims that customers can make a lot of money in these or have little risk. As with any diversification portfolio, 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 purchase before agreeing to buy.
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 to ensure smooth processing. Customers also receive extensive assistance with the direct purchase of precious metals from a savings or cash account.
See our best gold IRA companies guide to learn more about precious metals IRAs and the top providers.
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.
Diversifying with 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 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 purchases. 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 selecting IRA-approved custodial and storage services and precious metals.
Goldco received national recognition in 2024 by winning the Stevie Award for Company of the Year at the Annual American Business Awards, its third year being recognized for its achievements in the gold industry. In recent years, the company has appeared eight times on the Inc. 5000 list of the fastest-growing private companies in the country. The Los Angeles Business Journal has also named it one of the fastest-growing private companies, and it was ranked #17 on the Inc. 5000 Pacific Regionals list for 2024.
Goldco does not have a minimum for cash purchases or 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 | $0 |
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. |
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.
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.
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 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.
Excellent customer service
Goldco
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, as every customer has specific goals when it comes to their precious metals interests.
Competitors may be 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 buyers starting their research on gold IRA companies.
This, and its vast selection of gold and silver coins for new accounts, allows us to confidently recommend Goldco for first-time buyers unsure how to begin diversifying with precious meals.
Goldco has an A+ rating from the Better Business Bureau. Consumer reviews on the BBB site give Goldco 4.8 out of 5 stars, with over 1,100 reviews. 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 Trustpilot and Google reviews.
Goldco offers a buyback program guaranteed at the highest price to customers who want to liquidate their accounts.
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.
Like all investments, the future value of precious metals is not guaranteed and rises or falls based on various market influences.
You or the beneficiary of your precious metals IRA can start taking penalty-free distributions from the account at age 59 1/2.
IRA transfers typically take around two weeks to complete. However, each Goldco application is different, and processing time varies by case.
Goldco educates individuals interested in purchasing precious metals about the rules surrounding precious metals IRAs and IRS-approved buying options. It has many years of experience in the precious metals market and silver and gold IRAs. Consumer reviews frequently mention the level of customer service Goldco provides throughout the process of establishing a precious metals IRA
Excellent customer service
Goldco