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Goldco

4.75 Stars (4 Reviews)
Updated: January 19, 2023
By: Jonathan Trout
Jonathan Trout
Content Manager
Jonathan is a former product and content manager for Retirement Living. His background spans sales/marketing, finance, and telecommunications. Jonathan’s expertise in consumer wellness and research-backed data stories helped educate seniors on financial planning, retirement, and community resources. Jonathan graduated from Oklahoma State University with a B.S. in Environmental Sociology.
Content Manager
Edited by: Jeff Smith
Jeff Smith
Sr. Content Manager
As Retirement Living’s senior content manager, Jeff oversees the product and publishing of all retirement, investing, and consumer wellness content on the site. His extensive expertise in brand messaging and creating data-driven stories helps position Retirement Living as a top authority for senior content and community resources.
Sr. Content Manager

Goldco provides brokerage services for precious metals-funded IRAs and assists in rolling over traditional retirement accounts into a Precious Metals IRA. They also buy back the physical precious metals or sell them through the metals market when a client begins distributions from their IRA.

Editorial Breakdown

Customer Care 4.5 Stars
Price 5 Stars
Reliability 4.8 Stars
Ease of Purchase 4.8 Stars

Overall Rating 4.8 Stars

Bottom Line

Goldco offers brokerage services for precious metals IRAs, one of the newest types of IRAs available to consumers. 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 in 2006, Goldco is a leading, award-winning gold and silver broker. The company facilitates transferring funds from an existing 401(k), 403(b), 457, pension or Thrift Savings Plan (TSP) account to a self-directed gold IRA. Goldco can also do Roth IRA rollovers or conversions.

Goldco’s goal is to help clients understand precious metals investing and protect retirement assets. The company helps clients 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 broker
  • Over 15 years of experience with precious metals IRA rollovers
  • Continuous client base and sales growth with high ethical standards

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 broker that facilitates buying and selling gold and silver. All IRAs require a custodian to manage account assets, and Goldco assists with the related paperwork for smooth processing. Clients also receive a great deal of assistance rolling over an existing retirement account into a precious metals IRA.

See our Best Gold IRA Companies guide to learn more about precious metals IRAs and the top providers.

After completing the paperwork, Goldco assists with selecting IRS-approved coins and bullion to include in a precious metals IRA. A specialist coordinates 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 bullion and coins 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 IRS-approved custodial and storage services and precious metals.

Goldco received national recognition in 2021 by winning the Stevie Award for Company of the Year at the 19th Annual American Business Awards. The company landed a spot five times in recent years on the Inc. 5000 list of the fastest-growing private companies in the country.

Goldco Costs

Goldco’s required minimum purchase is $15,000. The company charges a flat annual fee rather than a percentage of assets. Goldco does not publish fees on the website but mentions frequent fee refund promotions.

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.

Goldco Fees
Cost/Fee Goldco Gold or Silver IRA
Minimum Purchase Required $15,000 recommended minimum
Annual Fee Discuss with a representative. May be reimbursed.
Storage Fees Varies by facility.
Custodian Fee Varies by custodian. Typically $75 to $300 annually, depending on account value.
Metals Available IRS-approved gold and silver bullion and coins.

You’ll find some basic gold and silver 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.

Godco U.S. Gold Prices

How to Open a Goldco Precious Metals IRA

Customers can call Goldco directly or fill out an application online 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 investments. After reviewing the options, you can get help deciding what gold or silver is suitable for your IRA.

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 Goldco is very responsive to questions, and many noted that the specialists were thorough and patient. Goldco also has 4.8 out of 5 stars on Trust Link and Google reviews.

Goldco FAQs

  • How do I sell gold or silver held in a Goldco precious metals IRA?
    Goldco offers a buyback program to clients who want to take distributions from their accounts. Your specialist can also help you sell on the metals market.

  • 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 separately. 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 rollover a Traditional IRA into a Gold IRA?
    How long does it take to roll over a traditional IRA into a gold IRA? IRA rollovers typically take around two weeks to complete. However, each Goldco application is different, and processing time varies by case.

Conclusion

Goldco guides investors through important decisions, 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.


4 Goldco Reviews

Write Review
1 Star

March 27 2022 2:19AM

So one thing research will give you on Goldco is a flood a tsunami of good reviews. Bought and paid for every one of them. They are so busy building their scam it can't be stopped. I lost half my retirement and have found a few reviewers that report the same scam.

The truth is not out there about Goldco and it is criminal. They sell you precious metals at a price that is double the market value. They are stealing retirement funds and the world is just encouraging them to do it. Shame on the lawmakers, shame on these greedy ** stealing retirement funds. I'm screwed. Save yourself!

Matthew O.
Santee, CA
5 Stars

December 17 2021 9:19PM

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
5 Stars

May 27 2020 9:48PM

I have dealt with Gold Co Twice before and had a very good experience. This is my third time, dealing with Dave ( who was very helpful), guided me through My recent purchase. He is professional and is knowledgeable. Also Patricia and Lauren Made me feel very comfortable. No worries I was confident in working with them all. I would recommend Gold Co, to anyone seeking or interested in purchasing precious metals.

Blaine S. J.
Selden, NY
5 Stars

March 18 2020 4:10AM

Willfully genuine making you feel valued from the beginning of your conversation. Reassuring, knowledgeable and willing to listen, inform, and answer all your questions or concerns. Goldco is there to serve you, and expedite your process. Their Customer service stands alone, very satisfied with choosing Goldco!

Danny E.
Kennewick, WA