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Many people find themselves locked into a traditional retirement savings account because of their job. This means they have no control over what their retirement money gets invested into.
More and more self-directed IRA services are appearing that allow people to have control of their retirement investments so they can place their money where they feel more comfortable.
Since gold, silver, and other precious metals are not affected by changes in the stock market, a self-directed precious metals IRA is one such place.
With multiple such IRAs out there, it can be hard to know who to trust with your money. The Stock Dork is here to review these companies, so you don’t have to.
This Goldco review will provide you with all the information you need to make an educated decision about their services.
Goldco Review: Overview
Goldco Precious Metals, more commonly known as Goldco, was founded in 2006 with a focus on physical metals. The firm is based in Woodland Hills, California, under founder Trevor Gerszt. Goldco offers retirement products in the form of a precious metals IRA and prides itself in low fees that allow a customer to invest with ease.
Goldco Review: What Is Goldco?
Precious metals company Goldco was created to help customers secure their wealth by rolling over investments into either a Gold or Silver IRA.
Goldco functions as a broker by acquiring precious metals for clients at a predetermined rate after they have made an investment. Being self-directed, the client is the account owner and has complete control over which metals to invest in, and can buy or sell whenever they wish.
The precious metals are acquired as coins or bullion. Goldco partners with a few preferred and very reputable companies to provide either segregated or unsegregated storage.
Goldco also partners with trusted custodian companies who make certain that the coins and bullion are carefully safeguarded.
The firm is customer-focused, as shown in their incredible reviews.
>> Already sold on Goldco? Click here to start investing in precious metals for your retirement TODAY! <<
Goldco Review: How Does Goldco Work?
A majority of companies do not offer the option to invest in precious metal IRAs, limiting employees to stocks, bonds, ETFs, and other paper assets.
However, investors are adamant that gold and other precious metals are necessary investments for any strong retirement portfolio. Gold and silver are able to keep their value even when there is stock market volatility or struggling global economies.
This is where Goldco steps in. Through an IRA specialist, clients are able to set up a self-directed silver or gold IRA account to directly invest in these precious metals.
No one can guarantee the performance results of gold or other precious metals, but these staples tend to be much lower risk than many other available investments.
>> Ready to set up a precious metals IRA today? Click here to get started with Goldco! <<
Who Is Trevor Gerszt?
Trevor Gerszt hails from the second-largest gold-producing country in the world, South Africa. Growing up in a family of coin collectors, Gerzst quickly developed considerable knowledge about coins and precious metals.
In 2006, Trevor took that knowledge and founded a gold dealing firm in California to provide honest feedback to those looking to invest in precious metals for retirement IRAs.
A proponent of investing in oneself first, Gerszt encourages individuals to take care of their health and well-being so they can make sound financial decisions. He also stands firm on the belief that it’s vital to diversify money and hedge savings across various investment vehicles.
Goldco Review: Free Self-Directed IRA Guide Review
Goldco offers a free comprehensive, self-directed gold IRA guide to help potential customers or consumers understand all their services.
The guide is sent out as an eBook, a video, or an audiobook.
These products include information on how to break free of old-fashioned IRAs and take control of your investments. They also explain how and why to diversify a retirement plan so it can weather financial storms and stock market dips.
As a bonus, investors who ultimately sign up for a gold IRA after requesting this guide will receive 10% of their initial investment back in free silver, no matter how big the transaction.
Goldco Review: What Does Goldco Include?
Goldco features two types of IRA plans as well as other features which may be of interest to consumers:
Self-Directed gold IRA
Self-Directed silver IRA
Buy gold and silver
Goldco Review: Self-Directed Gold IRA
Goldco’s more notable feature is its self-directed gold IRA. The gold IRA acts like a traditional IRA but holds precious metals instead of paper assets.
While it is referred to as a gold IRA, Goldco allows a combination of precious metals to be held in the account. Customers are able to invest in gold, silver, platinum, and palladium. Each precious metal must meet the minimum IRS quality level.
The company also makes it easy to roll over funds from another IRA or 401K. They help through the process of selling assets in the existing account, moving those funds to a Gold IRA, and then buying precious metals with those funds. Goldco’s specialists are there to help every step of the way.
Funds can either be brought in pre-taxed form as a traditional IRA or post-taxed form as a Roth IRA.
Gold IRAs are protected by well-respected third-party custodian companies, as is required of any IRA.
Goldco Review: Self-Directed Silver IRA
People have used silver for centuries to protect their wealth from uncertain times. Today silver is just as strong a precious metal to invest in, even if gold gets the lion’s share of the spotlight. Silver, like gold, maintains its value well but often sees more significant percentage gains.
Silver is seeing an increase in industrial demand and is currently at a place where it shows great growth potential. Silver may provide a great way to add some diversification to any retirement investment portfolio.
As with all of the Goldco precious metals IRAs, the silver IRA is protected by a trusted private custodian who keeps money in retirement accounts safe.
As with gold, silver can be used in either a traditional IRA or a Roth IRA.
Goldco Review: Buy Gold and Silver
Any investor can use Goldco to purchase gold, silver, and other precious metals right through the company. There’s no requirement for doing this, and it is a separate service from a precious metals IRA account.
When an investor purchases precious metals in this way, the precious metals can either be stored in a secure vault with Goldco or delivered directly to the investor.
Goldco also has a buyback program should a buyer ever need to sell any of their precious metals, be it bullion or coins. These won’t be purchased for the current newspaper value, but Goldco may offer more than other buyers.
Goldco Review: Cryptocurrency IRA
Gold and silver have remained a steady investment for ages, but cryptocurrency is quickly rising up as another strong opportunity for investment retirement accounts. Standing as a sister company to Goldco, Coin IRA launched in 2017 and provides IRAs that invest solely in digital currency.
Coin IRA became a leader in the digital coin IRA space in just a few short years, making cryptocurrencies an easy addition to a retirement account. The company offers new and experienced investors an opportunity to diversify their portfolio with minimal account fees.
Goldco Review: Safety Custodians
Like most self-directed IRAs, Goldco uses a third-party custodian to monitor and safeguard precious metal assets. Their preferred custodian, the Equity Trust Company, is highly regarded in the financial world.
Goldco has specialists on hand to help each customer with all the paperwork required to set up an account with a custodian.
Goldco Review: Educational Resources
Within Goldco’s extensive educational library are several free eBooks and videos available for download. These are available to anyone, not just Goldco customers.
Topics cover tips on how to buy gold and silver, how to keep gold and silver safe, and five ways to get the most out of your IRA.
>> Like what all Goldco has to offer? Click HERE to get started with Goldco TODAY! <<
Goldco Review: Goldco Cancellation Policy
Should you ever need to close up your IRA account through Goldco, they make the process easy. By canceling a Goldco account, precious metals are sold at value, and those funds can then be rolled into a new IRA or invested elsewhere.
Goldco Review: How Much Does Goldco Cost?
While Goldco does not provide any pricing information on their website, their customer support team is easily available via online chat. When looking at the different products Goldco offers, fees are different depending on whether customers are enrolling in precious metal IRAs or performing non-IRA transactions.
Goldco Review: Fees for Goldco Precious Metals IRAs
For setting up gold and silver IRAS, clients are faced with a few one-time fees. The initial setup fee for an IRA comes in at $50, and the wire fee for the initial transfer costs $30.
In addition, a Gold or Silver IRA has an annual maintenance fee of $80. Storage fees for precious metals are $100 for non-segregated storage or $150 for segregated storage.
Should you choose non-segregated storage, total fees for the first year come in at just $260. An account with segregated storage is just $50 more, coming in at $310 for the year.
Goldco Review: Fees for Goldco Non-IRA Transactions
Investors who wish to purchase their precious metals outside of an IRA can do so for no money outside of the cost of the asset itself. There are no fees for setup, maintenance, or storage. However, shipping fees are applicable.
Goldco Review: Investment Minimums
Whether an initial IRA setup or a non-IRA purchase of precious metals, Goldco does require a minimum investment.
For IRAs, Goldco requires an initial transfer of at least $25,000 when setting up an account. This can be rolled over from a previous traditional or Roth IRA retirement plan. Goldco works with customers to make this process as smooth as possible.
For non-IRA transactions, clients will need to invest a minimum of $3500 in the purchase of precious metals. This does not include the additional shipping fees.
Goldco Review: Is Goldco a Reputable Company?
Goldco has helped clients invest in precious metals since 2006, and even after 15 years, they have stellar ratings across the board.
The company has earned a triple-A rating with the Business Consumer Alliance, citing dependability and ethical business practices along with positive customer reviews. Goldco has also earned an A+ with the Better Business Bureau, which is the highest of their ratings.
The few complaints against Goldco are quickly addressed by representatives of their customer support team.
Goldco is based in the United States in Woodland Hills, California. The firm has chosen only the most reputable custodians and storage facilities to ensure asset protection.
Although ten years newer, sister company Coin IRA shares a similar spotlight with positive reviews and a stand-out customer service team.
Goldco Review: Pros and Cons
As a company with top-tier products that keep the customer in mind, it’s not hard to find good things to say about Goldco. That being said, there are a few things to keep in mind.
Multiple services to choose from
Low fees for account setup and maintenance
Top ratings across company review sites
Many five-star reviews from clients
Stellar customer service
Several educational materials to educate potential clients and new customers
Specialists help with account setup and money transfer
Precious metals are lower risk assets
Invest in coins or bullion
Minimum deposits for IRAs start at $25,000
Fees are not listed on the website
Some complaints about the markup on certain coins
Goldco Review: Is Goldco Right for Me?
When it comes to retirement accounts, Goldco is a great choice for any investor who is able to afford the high initial investment.
With companies and the stock market so volatile, Goldco may be a great investment option for anyone who wants to keep their wealth away from that uncertainty. On the contrary, gold and silver often see an increase when the stock market is heading in a downward direction.
Goldco may also be a solid investment option for anyone who wants to invest in physical investments instead of paper. Precious metals have been a sought-after commodity since antiquity, and there’s no sign of that changing any time soon.
Even if you have no desire to move all your wealth away from a traditional IRA, Goldco is an excellent supplemental investment opportunity. It’s common knowledge that it may be best to not put all your financial eggs in one basket, and precious metals is a solid place to put a few eggs.
Goldco Reviews by Investors
With 98% 4 and 5-star reviews on websites like TrustPilot and Consumer Affairs, it’s evident that Goldco’s services are well-received by investors across the board. Here are just a few of the more recent reviews:
This was our first experience investing with gold and silver. After some research we decided to go with Goldco. Right from the start the team at Goldco was very helpful explaining our options. We had a great deal of questions which were covered in detail. Just completed our first purchase that, I guess, over time we will see if this was a wise choice. One can never tell however If you do plan to invest in precious metals Goldco would be a great choice.
-Phillip, on TrustPilot
I wanted to move the assets in my late Wife’s IRA to mine to only pay one storage fee. I have had an excellent experience with Goldco for the past 3 years, and wanted to continue doing business with them. Everyone I dealt with in all the departments were more than generous with their time to make sure all the paperwork was done right to complete the transfer of the assets went as smooth as possible.
-Charles, on Consumer Affairs
My complete experience from the time I became serious about protecting my money I was completely handled by some very Professional people and they really came through for me. I would recommend the Gold Co team and challenge anyone to not be afraid to take the step in securing your hard earned monies. Thanks Goldco and CNB…
-Jeff, on Consumer Affairs
Final Review: Is Goldco Worth It?
Goldco is a trusted company with over 15 years of experience investing in precious metals. With incredible reviews and few complaints, Goldco shines as a solid investment platform for your retirement account.
With low annual fees and top-notch customer service, Goldco clearly keeps the consumer in the forefront with all they do.
You’re going to need to rely on the results of your retirement investment strategy after you retire. Using Goldco as a self-directed IRA can put you in control of your retirement and enable you to invest in something that has been held in high regard throughout history.
>> Ready to use precious metals to invest in your retirement? Click HERE to get set up with Goldco NOW! <<
Noah is an American copywriter on a mission to help clarify the nuances of the financial world. When he’s not working, you’ll likely find him running or traveling.
Clarice Moore is a veteran of the digital marketing industry. She’s helped grow and manage some of the world’s most successful companies, all while learning from and collaborating with some of the brightest minds in his field. His background includes project management, business development, sales management and product strategy.
Clarice Moore has also been an integral part of various high-level partnerships for multiple global brands such as Kuka USA, Hootsuite Media Inc., HP Inc., Intel Corporation, Dell Technologies Capital LLC among others.