Goldco: Introduction
Goldco.com is a leading provider of gold and silver IRAs and other precious metals investments. Goldco has built a reputation as a reliable and trusted source for those looking to diversify their portfolios and protect their assets. In this review, we’ll take a closer look at Goldco.com, exploring the company’s history, product offerings, fees, and customer service. We’ll also examine how Goldco.com stacks up against other precious metals investment companies, and provide our own analysis on whether or not Goldco.com is the right choice for your investment needs. Whether you’re a seasoned investor or new to the world of precious metals, this review will provide you with the information you need to make an informed decision about investing with Goldco.com.
- Introduction
- Pros & Cons
- Key Summary
- The Bottom Line
- Product Range and Services
- Pricing
- Customer Care
- Company Reliability
- Customer Reviews
- Goldco vs the competition
- Alternatives to Goldco
- How to Invest in Goldco
Goldco: Pros & Cons
Pros:
- Expertise: Goldco.com has extensive knowledge and expertise in the precious metals industry, offering a range of investment products and services to help investors achieve their financial goals.
- Authoritativeness: As a leading provider of precious metals investments, Goldco.com has established itself as a reputable and trustworthy source for investors.
- Trustworthiness: Goldco.com is committed to transparency and providing investors with accurate and reliable information about its products and services.
- Diverse Investment Options: Goldco.com offers a wide range of investment options, including gold and silver IRAs, coins, and bars, and bullion, allowing investors to diversify their portfolios.
- Tax Benefits: Goldco.com’s gold and silver IRAs offer tax benefits, allowing investors to save on taxes while also protecting their assets.
- Excellent Customer Support: Goldco.com’s customer support team is highly professional, knowledgeable, and responsive, providing investors with the help and guidance they need to make informed investment decisions.
Cons:
- Higher Fees: Compared to other investment options, Goldco.com’s fees may be slightly higher, which could impact overall investment returns.
- No Physical Locations: Goldco.com operates solely online, which may not be ideal for investors who prefer to do business in person.
Goldco: Key Summary
Goldco is a Gold IRA company that stands out from its competitors with various quality features. Here are some of the top features of Goldco:
Services:
- Gold IRA: Yes
- Silver IRA: Yes
- Platinum IRA: No
- Palladium IRA: No
- Cryptocurrencies: Via subsidiary Coin IRA
- Special coins: Yes
- Educational library: Yes
Fees:
- $175/year + storage
- Minimum purchase: $25,000
Ratings:
- BBB rating (A+ to F): A+
- BBB customer ratings: 4.83/5
- BCA rating (AAA to F): AAA
- BCA complaints (last 3 years): 1 – click here for details
- Trustpilot rating: 4.8/5 (800+ reviews)
General:
- Preferred depository: Delaware Depository
- Preferred custodian: Equity Trust Company
- Physical IRA application: Yes
- Digital IRA application: Yes
Goldco Category Ratings:
| Category | Rating |
|---|---|
| Product Range and Services | 4.9/5 |
| Pricing | 4.9/5 |
| Customer Care | 4.9/5 |
| Company Reliability | 5/5 |
| Customer Reviews | 4.9/5 |
| Total | 4.9/5 |
The Bottom Line
If you’re looking for a gold investment company that puts the needs of its investors first, then Goldco should be on your radar. As a customer-focused company, Goldco prioritizes investor interests and provides education on all matters before investments are made. Moreover, it follows a customer-centered model that allows better individual control over funds and accounts.
Goldco offers multiple storage options, IRS-approved top-quality precious metal products, and full transparency of all fees before any contracts are signed. It is a reliable company with a long history of making customers happy. By investing in Goldco, you can rest assured that you are in safe hands.
We all know how the stock market can be unpredictable, with its ups and downs. During economic downturns, people tend to panic, as stocks, bonds, mutual funds, and other intangible assets can change significantly in value. Physical gold or precious metals are a lot less volatile and likely to change in worth, making them a safe investment option. For the most part, the value of gold only ever goes up, making it an excellent investment for balancing out retirement plans.
Overall, Goldco is a customer-focused company that prioritizes investor satisfaction. With its multiple storage options, top-quality IRS-approved precious metal products, and transparent fee structure, it is a reliable option for those looking to invest in precious metals. By investing in Goldco, you can secure your future and gain peace of mind.
Product Range and Services
Goldco is a well-known precious metals company that offers investors a variety of products to invest in. They specialize in Gold and Silver IRAs, and they offer several coins and bars to put in them. Additionally, they deal with precious metals such as platinum and palladium.
Gold IRA
Goldco offers a range of gold products that are sold and allowed for gold IRAs. These include:
Canadian Maple Leaf coins- American Eagle coins
- American Buffalo coins
- Lucky Dragon Coins
- Australian Crocodile coins
- Royal Mint Lunar Series coins
- Gold bars
Canadian Maple Leaf coinsSilver IRA
Goldco also provides silver products that are sold and allowed for silver IRAs. These include:
- Canadian Maple Leaf coins
- American Eagle coins
- Australian Crocodile coins
- Lucky Dragon Coins
- Royal Mint Britannia Lunar Series coins
- WWI coins
- WWII coins
- Silver bars
Canadian Maple Leaf coins401(k) Rollover
Goldco makes it easy for investors to move assets from an existing retirement plan to gold investments. There are two ways to do this: transfer or rollover funds.
- A transfer is the movement of assets from an existing account custodian to a new account custodian. Transfers can be made at any time, as often as you want. It is a third-party to third-party move.
- A gold IRA rollover is when you take assets from your retirement plan and deposit them in another retirement plan. This way, the assets are traveling from one account to you and then to another account. With a rollover, you have 60 days to redeposit the funds, and you can only do so every 12 months. By using a rollover, you avoid paying taxes on the amount moved.
Traditional and Roth IRA Planning
Goldco offers Traditional and Roth IRA planning options. There are several key differences between the two plans:
- With Traditional plans, contributions are deductible depending on qualifications, you must take distributions at 72 years of age, and all deductible contributions and earnings that you withdraw are taxable.
- With a Roth IRA plan, your contributions are not deductible, there are no minimum distributions required, and if distributions are qualified, they are not taxable.
- With either plan, you can withdraw money at any time, and you can contribute no more than $6,000-$7,000 if you are 50 or older.
SEP IRA Planning
Goldco provides a simplified employee pension (SEP) plan, which is a retirement plan made by employers and self-employed people. These plans are similar to Traditional IRAs, but the employer is the one who contributes to it, and the yearly contribution limit is much higher. To qualify, you must meet the minimum requirements, which include being 21 or older, working for an employer for three of the previous five years, and earning $600 in the current year.
SIMPLE IRA Planning
Goldco also offers a Savings Incentive Match Plan for Employees (SIMPLE) IRA, which is a retirement plan used by small businesses with less than 100 employees. With a SIMPLE IRA plan, employers can make a non-elective 2% contribution from employee salaries or a matching contribution of up to 3% of employee salaries. The maximum yearly contribution is $13,500, unless you are 50 years or older, in which case, you can contribute an additional $3,000 yearly.
Pricing
Goldco account holders can expect a few fees, both one-time and annual. However, they are relatively inexpensive compared to other companies. Here are the details:
One-time fees:
- $50 IRA setup fee
- $30 wire fee
Annual fees:
- $80 maintenance fee
- $100-$150 storage fee (depending on storage option)
Storage options:
- DDSC non-segregated storage for $100
- Brinks Salt Lake City non-segregated storage for $100
- IDS Texas segregated storage for $150
Bonus:
- No storage fees charged for an initial cash investment over $25,000
Goldco Minimum Investments and Costs
Investment Minimums
- For IRA accounts, the minimum investment amount is $25,000.
- For non-IRA accounts, the minimum investment amount is $3,500.
Benefits of Larger Investments
- Adding a larger initial payment to your IRA will secure and protect your retirement plan.
- If the initial investment amount is over $25,000, you will not have to pay storage fees.
- You can get up to 10% Back in FREE Silver, which is an excellent deal that can give you free money.
Costs and Fees
- Goldco’s one-time fees are reasonable, and the annual fees are even more so.
- Depending on the custodian and storage options you decide to go with, the prices will vary, but generally speaking, they are not too high.
Customer Care
Goldco is renowned for its top-notch customer care and educational resources. The company takes pride in offering customized services to its clients and educating them about legalities, financial risks, and potential rewards before they invest. In fact, Goldco provides a wealth of educational materials to help customers make informed decisions about IRAs and investments.
Some of the key features of Goldco’s customer care and educational resources include:
- Highly trained specialists who can answer any questions customers may have and provide expert advice
- Educational materials, including a free Self-Directed IRA Guide and a 6-step online tutorial, to help customers understand the investment process and their options
- Zero complaints in the last three years, which is a testament to Goldco’s commitment to customer satisfaction and service excellence.
Overall, Goldco’s outstanding customer care and educational resources make it an ideal choice for investors who want to make informed decisions about their retirement accounts and investments.
Company Reliability
Company ReliabilityGoldco stands out from other gold IRA companies due to their exceptional customer focus and business-consumer alliance. Their commitment to educating their customers about the intricacies of IRAs is impressive, and their transparency is appreciated by customers. These are some of the reasons why Goldco is considered one of the top gold IRA companies globally.
Goldco’s emphasis on professionalism and ethical business practices sets them apart from their competitors. The company was established in 2006 in California and has quickly become one of the most successful Gold IRA companies in the country. The founder, Trevor Gerszt, and CEO, Brenda Whitman, have built a reputable brand recognized by the Better Business Bureau, Consumer Affairs, Trust Pilot, and other financial business review sites.
Goldco is also known as Goldco Precious Metals and Goldco Direct. Their track record and excellent customer reviews demonstrate that they are a trustworthy and reliable choice for anyone looking to invest in precious metals.
Customer Reviews
Goldco is a highly rated company by customers and business review sites alike. Their reputation is well-deserved as Goldco consistently maintains excellent customer service and satisfaction.
- Goldco has not received any complaints in the last three years, and the Better Business Bureau rates them A+.
- Consumer Affairs gives them nearly five stars, and customer and business reviews are almost unanimously positive.
- Goldco puts a lot of effort into maintaining the business consumer alliance, resolving any complaints quickly.
- Customers praise Goldco’s fair prices, friendly and helpful staff, swift and professional management, and ease of transactions and paperwork.
Overall, Goldco’s dedication to customer satisfaction and its positive reviews show that they are an exceptional company that goes above and beyond for its customers.
Goldco vs the competition
| RATING 1-5 WHERE 5 IS BEST | Goldco | Augusta Precious Metals | American Hartford | Birch Gold Group | Noble Gold |
|---|---|---|---|---|---|
| RANKING | #1 | #2 | #3 | #4 | #5 |
| PRODUCT RANGE AND SERVICES | 4.9 | 4.7 | 4.9 | 4.7 | 4.4 |
| PRICING | 4.8 | 4.7 | 4.6 | 4.7 | 4.3 |
| CUSTOMER CARE | 4.9 | 4.8 | 4.6 | 4.6 | 4.3 |
| COMPANY RELIABILITY | 5 | 4.8 | 4.5 | 4.8 | 4.4 |
| CUSTOMER REVIEWS | 4.9 | 5 | 4.5 | 4.7 | 4.6 |
| TOTAL RATING | 4.9 | 4.8 | 4.6 | 4.6 | 4.4 |
Alternatives to Goldco
| Company | Product | Minimum Investment | Non-IRA Minimum Investment | Setup Fee | Annual Admin Fee | Annual Storage Fee | Rating (BCA) | Rating (BBB) | Promotion |
|---|---|---|---|---|---|---|---|---|---|
| Goldco | Precious Metals IRA | $25,000 | $3,500 | $50 + $30 | $100 | $150 (Segregated), $100 (Non-Segregated) | A+ | AAA | Get 10% back in FREE silver |
| American Hartford Gold | Gold & Silver IRA | $10,000 | $2,500 | $50 | $180 | Variable | A+ | AA | Free silver worth up to $5,000 on qualifying purchases |
| Augusta Precious Metals | Gold, Silver, Platinum & Palladium | $50,000 | $50,000 | $50 | $200 | $125 (Annually) | A+ | AAA | None |
| Birch Gold Group | Gold, Silver, Platinum & Palladium | $10,000 | $5,000 | $80 | $100 (Annually) | N/A | A+ | AAA | None |
| Noble Gold IRA | Gold, Silver, Platinum & Palladium | $10,000 | $3,000 | $0 | $80 (Annually) | $150 (Annually) | A+ | AA | First-year fees waived for qualifying IRAs |
How to Invest in Goldco
How to Invest in GoldcoInvesting in Goldco is a hassle-free process that can be completed in just three simple steps:
- Fill out the application form available on their website.
- Choose your preferred funding option.
- Select the precious metals that you wish to invest in.
Whether you seek guidance from investing experts or prefer a self-directed approach, Goldco has got you covered every step of the way. Once your account is set up, Goldco will store and protect your precious metals on your behalf. To get started, simply order their free Self-Directed IRA Guide.