Goldco

4.75 Stars (217 Reviews)

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.

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 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.

See our best cold 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.

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/FeeGoldco Gold or Silver IRA
Minimum Purchase Required$15,000 recommended minimum for cash purposes
Annual FeeDiscuss with a representative. Custodial annual fees may be reimbursed.
Storage FeesVaries by storage facility.
Custodian FeeVaries by custodian. Typically $75 to $300 annually, depending on segregated vs. non-segregated accounts.
Metals AvailableVariety 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.

Goldco logo
4.8 Stars

Goldco

  • A+ rating from the Better Business Bureau
  • Over experience in Precious Metals IRAs

Our Experience With 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.

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.

Goldco logo
4.8 Stars

Goldco

  • A+ rating from the Better Business Bureau
  • Over experience in Precious Metals IRAs

217 Goldco Reviews

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5 Stars

June 12 2023 12:11PM

Excellent communication & assistance with IRA rollover to precious metals from 401k. Constant updates & help with the process. Education is helpful and was step by step during the process. So glad I could store my metals in a vault in my state.

Patty R.
Hideaway, TX
5 Stars

June 10 2023 12:24AM

I called Goldco to buy my gold and silver and they were very polite, and very helpful. My funds were so tied up in other places, but they were patient and caring and helped in every way they could. In the end, I got my gold and silver and everything went smoothly. Thank you Goldco team for your patience and your kindness.

Marsha P.
Coldwater, MS
5 Stars

June 09 2023 11:22PM

I was introduced to Goldco by Chris ** and he was a great help. Also, dealt with Rad ** and they made the buying experience very easy. I will definitely continue to use Goldco for my precious metals needs in the future.

Anthony P.
Audubon, NJ
5 Stars

June 09 2023 2:28PM

The Gold Co team made my transition from stock market based IRA into precious metals based IRA seamless. The whole team was very knowledgeable and friendly. I am happy that I have entrusted my trust and money into this company.

Lindy O.
Louisville, KY
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

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
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