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goldco precious metals IRA
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Goldco

4.9 / 5

goldco precious metals IRA
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The best about Goldco
  • Precious Metals IRA expert

  • Been in business for years

  • Great customer reviews

  • Great value for your money

  • Excellent customer service

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Short Summary

Gold IRAs have been around since 1997 when Congress first made it possible to hold an IRA in securities such as gold instead of just cash assets.

However, it is essential to ensure that you choose the right gold IRA company. In this Goldco company review, you will learn about Goldco, a self-directed gold IRA, and whether it is a good option based on our category ratings. 

Goldco helps people turn their existing IRA and other retirement accounts into both gold and silver IRAs. They received BBB accreditation in 2011, but they have been around for years before that. Their goal is to provide customers with flexible and secure retirement planning options.

Below are some quick pros and cons of Goldco.

Godco Pros & Cons

Benefits
  • Wide range of products

  • Been in business for years

  • Great customer reviews

  • Excellent customer service

  • Fantastic customer education materials

Disadvantages
  • Platinum and Palladium aren't offered by Goldco for Precious Metals IRAs.

  • Cryptocurrencies only offered through a subsidiary

Goldco Key Summary 

GoldYes
SilverYes
PlatinumNo
PalladiumNo
CryptocurrenciesVia subsidiary Coin IRA
Special CoinsYes
Educational LibraryYes
Fees$175/year + storage

Goldco Category Ratings 

Product Range and Services9.8/10
Pricing9.7/10
Customer Care9.9/10
Company Reliability9.8/10
Customer Reviews9.8/10

The Bottom Line - Do We Recommend Goldco?

Yes, Goldco is an excellent company that helps people from all walks of life start a retirement account.

You don’t need a lot of money to invest, considering that many of you will already have an IRA account or a 401(k) you can rollover into a gold or precious metals IRA. 

We like that fees are affordable and the vast amount of resources Goldco provides to new investors. We also like that you can invest in cryptocurrencies via their subsidiary, Coin IRA.

Goldco has excellent reviews, and their customer service is pretty good as well, with many ways to get in touch with a rep. If you find the process of starting a precious metals IRA confusing, Goldco might be just what you are looking for.

Visit their website to get started today.

Top Government Insiders Warn: The Largest Financial Meltdown In History

Product Range and Services 

Goldco offers more than one type of precious metals IRA. In this Goldco precious metals review, I will talk about all the precious metals they offer. I will also talk about other retirement planning services they offer. 

Gold IRA

Their primary service is the gold IRA. A gold IRA holds gold for you instead of paper assets, stocks, bonds, and other securities that brokers often offer. 

Did you know that gold has outperformed both the Dow Jones and the S&P 500 since 1971 consistently?

Gold is a great asset to have, and owning a physical asset is something you can’t beat. If there is a recession, for example, owning physical precious metals will come in handy. It gives you a particular type of security you won’t get with stocks or ETFs. 

Goldco helps you roll over your existing IRA, 401(k), or other qualified retirement accounts into a gold IRA. You will not have to pay any taxes while doing so. 

When you open a new gold IRA, you will purchase new gold that is qualified for a gold IRA. You can not put in gold you already own, so keep that in mind. You will be purchasing real physical gold for your IRA. 

Don’t make the mistake of buying a gold ETF. While that might sound good, it is only tied to the price of gold, and you won’t own any actual gold with a gold ETF. You won’t get the stability you are after. A gold IRA involves physical gold, unlike a gold ETF. 

One of the benefits of working with Goldco is that instead of gold bars, which are only worth what they weigh, you will be able to buy gold coins that have a higher resale value than their actual weight in gold, such as the Gold UK Lunar Year of the Rooster. These coins are rare, so they have higher resale values. 

Below are the gold Coins and bars you can choose to add to your Gold IRA with Goldco:

  • Gold American Eagle Coin
  • Gold American Eagle Proof
  • Gold American Bald Eagle Coin
  • Gold Buffalo Coin
  • Gold Maple Leaf Coin
  • Gold Lucky Dragon Coin
  • Gold Australian Saltwater Crocodile Coin
  • Royal Mint Gold Lunar Series: 2016-Year of the Monkey Coin
  • Royal Mint Gold Lunar Series: 2017-Year of the Rooster Coin
  • Royal Mint Gold Lunar Series: 2018-Year of the Dog Coin
  • Royal Mint Gold Lunar Series: 2019-Year of the Pig Coin
  • Various gold bars from PAMP Suisse, the Perth Mint, and other highly regarded mints and refiners

Silver IRA

In addition to a gold IRA, you can open a silver IRA. Like the gold IRA, you will store precious metals in your IRA, but it will be silver coins instead of gold coins.

A silver IRA allows you to diversify your retirement portfolio. While silver is more volatile than gold, and it is a more speculative investment, it is also cheaper, and it allows for the possibility of higher gains. 

Goldco helps you roll over your 401(k) into a silver IRA. Some of their popular coins include the Silver UK Lunar Year of the Rooster. 

In addition to adding gold and silver to your IRA, you can also add other precious metals, such as platinum and even palladium. After rolling over to a precious metals IRA, Goldco can help you add various precious metals to it. 

Below are the silver coins and bars you can add to a Precious Metals IRA with Goldco:

  • Silver American Eagle Coin
  • Silver American Eagle Proof Coin
  • Silver Maple Leaf Coin
  • Silver Australian Saltwater Crocodile Coin
  • Silver Lucky Dragon Coin
  • Silver World War I Coin
  • Silver WWII Victory Coin
  • Silver American Bald Eagle Coin
  • Royal Mint Silver Britannia Lunar Series: 2015-Year of the Ram Coin
  • Royal Mint Silver Britannia Lunar Series: 2016-Year of the Monkey Coin
  • Royal Mint Silver Britannia Lunar Series: 2017-Year of the Rooster Coin
  • Royal Mint Silver Britannia Lunar Series: 2018-Year of the Dog Coin
  • Royal Mint Silver Britannia Lunar Series: 2019-Year of the Pig Coin
  • Various silver bars from PAMP Suisse, the Perth Mint, and other highly regarded mints and refiners

Retirement Planning

Goldco offers retirement account planning services for those interested in saving for retirement. They can help you figure out the different types of retirement accounts available. 

For example, the IRS taxes a traditional IRA when you withdraw money when you retire. However, contributions are tax-deferred. A Roth IRA is a bit different from a regular IRA. Only people who earn less than $132,000 a year (when filing as an individual) can open a Roth IRA. However, there are three main differences between a traditional IRA and a Roth IRA. 

A traditional IRA does not allow you to take out money early. If you do, you will have to pay taxes, as well as a 10% penalty fee. A Roth IRA, on the other hand, does allow you to take out your funds earlier to pay for an education or buy a home. 

The second difference is that a traditional IRA requires you to take out money once you reach 70 and a half years old. A Roth IRA, however, doesn't have this requirement. If you don’t need the money, you don’t have to withdraw it. 

Finally, while a regular IRA requires you to pay taxes when you withdraw the funds, the opposite is true of a Roth IRA. You pay taxes when depositing money, not when removing it. 

Other IRAs are available as well. For example, the SEP IRA is when your employer contributes up to a quarter of your income to your IRA in your name. The SIMPLE IRA is similar. SIMPLE stands for Savings Incentive Match Plans for Employees. Both you and your employer contribute to this type of IRA. 

Finally, a self-directed IRA involves assets other than stocks, such as precious metals. Some assets are not allowed. 

Goldco will help you decide which type of IRA or retirement account is best for you and how you can start a precious metals IRA.

Pricing

Goldco offers great value for your money. Regardless of your retirement goals, you will find that their fees are affordable. 

Goldco Costs/Fees

Fees can be as little as $175/year, depending on how much you invest in your retirement account. $175/year is for the minimum investment of $25,000.

If you invest $100,000, it will only be $225/year, so you will save money by investing more.  

Precious metal fees vary. When you buy gold or silver, prices will depend on market rates, which you can view here

One of the cool things about Goldco is that it provides a free retirement planning guide. Just sign up on their website to get a free guide that will teach you all you need to know about planning for retirement and setting up precious metals IRA to ensure a stable future. 

Minimum Investment

The minimum recommended investment is $25,000. It would help if you talked with an agent to start planning for your retirement and understand the minimum investment fees. 

goldco customer care

Customer Care 

One of the benefits of using Goldco is that it offers customized service and education. There are at least three ways to get in touch with a representative from the team for personal care: 

  • Chat with them on the phone
  • Email them
  • Use the live chat box on the website

The website also complies with ADA Standards (Americans with Disabilities Act). There are several features that make the website easier to navigate. 

Goldco Educational Materials

In addition to making it easy to get in touch with someone from the team, Goldco provides many free educational resources to help you learn about retirement planning, IRAs, and precious metals IRAs in particular. As I mentioned already, there is the free retirement planning guide, which Goldco will send to you after confirming your address; you will get it in 2-3 days. 

Other educational materials are available as well. On the ebook page, you can download educational ebooks with titles such as: 

  • How to Buy Gold & Silver
  • 10 Reasons You Should Start a Gold IRA
  • The Gold IRA Handbook
  • 10 IRA and 401(k) Mistakes You Are Making
  • The Stock Market and Precious Metals
  • The Truth About Home Storage IRAs
  • How to Keep Your Gold and Silver Safe
  • How to Sell Gold and Silver
  • Top Gold Coins for Your IRA Or 401(k)
  • Top Silver Coins for Your IRA Or 401(k)

These are just some of the ebooks available. These books will help you expand your knowledge and make you a better retirement investor. 

In addition to the ebook library, Goldco has a video library, which features videos with titles such as: 

  • How to Open a Gold IRA
  • Why Buy Gold
  • 5 Reasons to Roll Over Your IRA to Gold
  • 5 Threats to Your Retirement
  • Dollar Fluctuation
  • Is the Stock Market Headed for a Major Correction? 

These educational resources will help you better understand all things related to stocks, precious metals, and retirement planning. 

Goldco Review: Company Reliability 

Goldco has been in business since 2001. In addition, it is accredited by the Better Business Bureau and has been so since 2011. Goldco scores an A+ rating on BBB, so you know it is reliable. 

Goldco has excellent reviews on Trustpilot and TrustLink. In fact, it has a 4.8-star average rating on Trustpilot, out of 5 stars, with over 550 reviews. On TrustLink, Goldco also has a 4.8-star rating, with over 250 reviews. Goldco is also an Ethics.net certified member. 

Goldco IRA review: Company History and Background

Trevor Gerszt founded Goldco. His goal was to provide investors an easy way to invest in precious metals for retirement through IRAs. In 2017, Goldco went even further and established their subsidiary, Coin IRA. 

Coin IRA is unique. It allows you to set up a self-directed IRA that holds cryptocurrencies as a store of value. Many people consider it an industry standard for cryptocurrency IRAs, and it allows you to invest in a wide range of cryptocurrencies, such as Bitcoin and Ethereum, without the trading restrictions you often face when buying such cryptocurrencies on public exchanges. 

Customer Reviews 

Goldco is top-rated by clients. There are hundreds of five-star reviews and testimonials on the Goldco website and on third-party websites like Trustpilot, the BBB, and TrustLink. 

Average star ratings
  • trustpilot

    Trustpilot: 4.8 stars

  • BBB logo

    BBB: 4.87 stars

  • trustlink

    TrustLink: 4.8 stars

Remember that average ratings are subject to change, so do check those sites for updated ratings.

Goldco Independent Third-Party Customer Reviews

The best way to find out people’s experiences with a company is to look on third-party sites like Trustpilot. Here are the titles of some reviews from some of the latest Goldco reviews on Trustpilot, TrustLink, and the BBB: 

  • “We received the highest quality of service” — Hollee Barrett, Trustpilot
  • “Knowledgeable and Friendly Account Manager and Staff” — Elin Liss, Trustpilot
  • “Great company! Made me very comfortable throughout the process!” — Robert T., TrustLink
  • “My experience with Goldco was top notch.” — Darrel A, BBB

How Does Goldco Compare to Other Gold IRA companies?

Rating 1 – 10GoldCoAugusta Precious MetalsBirch Gold GroupRegal AssetsNoble Gold
Product range and services9.899.39.79.6
Pricing9.79.69.69.89.7
Customer care9.9999.59.5
Company reliability9.899.59.79.5
Customer reviews9.8999.79.5

Goldco is an excellent precious metals IRA company, but if you think it is too expensive for you, other options are also available. Here are some cheaper alternatives. 

Alternatives to Goldco

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goldco precious metals IRA
Goldco

Best in class

Visit Goldco
  • Gold & Silver IRA

  • $20,000

    $3,500 non IRA

  • $50 + $30

    $80 Admin Annually

  • $159 Segregated

    $100 Non Segregated

  • A+

  • AAA

  • Get 10% back in FREE silver

Augusta Precious metals
Augusta Precious Metals

Best Transparancy

Visit Agusta
  • Gold, Silver, Platinum & Palladium

  • $50,000

    $50,000 non IRA

  • $50

    $200 Admin Annually

  • $125

    Annually

  • A+

  • AAA

  • None

Birch Gold Group
Birch Gold Group

Best Customer Reviews

Visit Birch Gold
  • Gold, Silver, Platinum & Palladium

  • $10,000

    $5,000 non IRA

  • 80$

    80$ Annually

  • $100

    Annually

  • A+

  • AAA

  • None

Regal Assets
Regal Assets

Best Service Options

Visit Regal Assets
  • Gold, Silver, Platinum & Palladium

  • $10,000

    $10,000 non IRA

  • $0

    $80 Admin Annually

  • $110

    Annually

  • A+

  • AAA

  • Get a 10 year anniversary silver coin if you request the free investor kit

noble gold IRA
Noble Gold

Best Education

Visit Noble Gold
  • Gold, Silver, Platinum & Palladium

  • $10,000

    $3,000 non IRA

  • $0

    $80 Admin Annually

  • $150

    Annually

  • A-

  • BB

  • First-year fees waived for qualifying IRAs

Augusta Precious Metals

Augusta Precious Metals is an IRA company that provides gold and silver IRAs. The signup process is easy, as you will be assigned a special agent who will help you learn about the different retirement investment options available and get you set up with the forms and documents you will need. Then, they will rollover your existing account into a gold IRA. 

Augusta is somewhat cheaper than Goldco. Instead of the $175 annual fee, you will only have to pay an $80/year fee. In addition, however, you will have to pay a setup fee of $50. Storage fees are separate; storage costs $100, which is similar to Goldco pricing. 

Birch Gold Group

Birch Gold Group is known for being promoted by radio personalities like Ben Shapiro. It has excellent reviews, and it allows you to set up a precious metals IRA with precious metals like gold, silver, platinum, and palladium. 

The management fee is only $80/year, which is cheaper than Goldco. In addition, however, you will have to pay a one-time $50 setup fee and a wire transfer fee of $30. Storage fees are $100/year. The minimum recommended investment is only $10,000. That is a lot less than Goldco, making it an excellent alternative for smaller investors. 

How to Invest In Goldco?

To get started, visit the Goldco website and get in touch with a rep. You can call the number on the homepage or send them an email.

You can also use the contact form or the live chat box in the bottom right of the screen to speak with an agent or request a free copy of their retirement planning guide.

How to Open a Gold IRA with Goldco

goldco precious metals IRA

Goldco is an excellent company to start a retirement account with. You don’t need a lot of money to invest, considering that many of you will already have an IRA account or a 401(k) you can rollover into a gold or precious metals IRA.

Visit Goldco today
Ready to Protect Your Retirement Savings?

Goldco FAQs

What is the minimum investment for Goldco Precious Metals Gold IRA?

The minimum investment for the Goldco Precious Metals Gold IRA is $25,000. $20,000-$25,000 is the standard minimum investment for precious gold IRAs. It is a good amount of gold to start with. The minimum investment for non-IRA is $3,500.

What type of metals should I have with my Goldco Gold IRA?

Gold might be the first thing to look at, as it is the most popular precious metal, for a good reason. It acts as a hedge against inflation, and it is not nearly as volatile as silver. With gold, you can expect a stable, steady rise.

Silver is also excellent. It is much cheaper than gold, and while it has more volatility, that also means your gains might be higher. You can also top your portfolio off with palladium and platinum for maximum diversity. Palladium is necessary for the production of electronics, and it experienced an excellent growth rate recently.

When would I be qualified for the Goldco Gold IRA distributions?

When you turn 59, you will be able to withdraw from your gold IRA account. You will not face any penalties once you turn 59.

Is there a buyback program for Goldco Gold IRA?

Yes, there is a buyback program for Goldco. When you want to liquidate your assets, selling them back to Goldco will typically result in a better price for you. If you sell it to a random dealer or broker, you will likely experience lowball offers that will not be as high as Goldco’s offers.

What storage options do I have with Goldco?

There are three options, with the best option being DDSC. Brinks Salt Lake City is also available, and both cost $100 for non-segregated storage. IDS Texas offers segregated storage for $150, with no non-segregated storage option.

Why would I need a custodian to handle precious metals in my Goldco Gold IRA?

The IRS requires a custodian to manage and track IRA assets. You can not open any IRA, whether it holds paper assets or precious metals, without a custodian. A custodian will ensure your assets stay safe.

Who is the custodian of Goldco Precious Metals Gold IRA?

The custodian for Goldco Precious Metal IRAs is Equity Trust Company.

How long will it take to roll over my IRA to the GoldCo Precious metals Gold IRA?

The approximate amount of time it takes to roll over an IRA to the Goldco Gold IRA is around two weeks. However, since each account is different, it is impossible to give an exact time frame.