Goldco At a Glance Analysis:

Goldco offers a hassle-free way to buy metals with an easy and advantageous tax structure. But if you are motivated enough, you can set up your own IRA and deal directly with precious metal vendors without paying any annual maintenance fees or having a yearly quota to fulfill.

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Goldco Reviews

Goldco ‘At a Glance’ Analysis:

Goldco offers a hassle-free way to buy metals with an easy and advantageous tax structure. But if you are motivated enough, you can set up your own IRA and deal directly with precious metal vendors without paying any annual maintenance fees or having a yearly quota to fulfill.

Are you sure that your current nest egg is safe?

The threat of poor business decisions or the volatile stock market wiping out your retirement accounts is an all too real possibility. Because of this, now might be the best time to invest in precious metals.

There are a few hundred customers and business Goldco reviews vouching for their excellent customer service. Customerss are in safe hands creating a precious metal individual retirement account (IRA) with them.

Like any other business, Goldco has its host of pros and cons. We based a majority of these upon customer reviews.

   Pros

• There are promotions available for new customers.
• Complete transparency on company background for business consumer alliance.
• Education materials are available for new and existing customers.
• Goldco specialists have more than a century of combined experience in investing.
• Outstanding customer support.
• Non-IRA precious metals investments have free storage.
• A+ rating by the Better Business Bureau (BBB).

   Cons

• You cannot set up accounts online for gold or silver IRA.
• A small collection of qualified precious metals.
• Does not provide its own custodian or storage services in purchasing precious metals.

 Is Goldco Legit?

Yes, Goldco is legit. The company has decades of experience and is ready to help you protect your retirement savings. If you’re ready to speak with an agent, go ahead and click here to fill out your information and an agent will contact you as soon as possible.

 Reviews and Testimonials

Customer Reviews

Overview of Goldco

Goldco, is a California-based and self-directed precious metal firm. They specialize in IRAs funded by precious metals, like gold, silver, platinum, palladium, or a combination of these approved metals. Since its start over a decade, Goldco has spent its last decade of experience providing customers with top-notch customer service.

A few minutes of research online shows that all of their customers are more than happy with the service they provide, with over 90% of their reviews being positive. Any negative reviews on the company are about the precious metals market itself, which result from clients misunderstanding how the market works.

Inc Magazine has featured them regularly in their Inc 5000 series. This list ranks 5000 companies based on their overall growth over three years. Among these rankings, Goldco has scored No. 16 in 2015, No. 528 in 2016, and No. 670 in 2017.

What Are Goldco’s Products?

Goldco works with IRA custodian companies to roll over the traditional IRAs of their customers. This service turns the paper assets of traditional IRAs like stocks, bonds, or mutual funds into precious metals.

Goldco also buys and sells precious metals at competitive rates on the metals market whenever their customer starts distribution from their IRA. This solution comprises buying physical metal-like bullion (metal containing no iron, refined to the highest possible purity) bars and bullion coins.

They assist their customers in the paperwork filing for the chosen custodian (these custodians have their fees) and their selected storage facility for the approved precious metals.

To be approved, precious metals must be of the following quality:

• Gold, platinum, and palladium must be 99.5% pure.
• Silver needs to be 99.9% pure.

Goldco Costs and Fees

Goldco minimum investment purchase is $25K.

Precious metal IRAs must pay for storage fees every year:

• Non-segregated Storage Fee: $100
• Segregated Storage Fee: $150

Maintenance fees:

Gold IRA Fees
The required minimum purchase at Goldco to start a gold IRA is $25,000. Goldco’s
preferred Custodian charges a flat annual account service fee which includes a
one-time IRA account set-up fee of $50. as well as a $30 wire fee. Annual
maintenance is $100, and storage is $150 for segregated storage or $100 for
non-segregated storage.

Fees for gold storage and custodianship can vary depending on the company you
select to handle these services (required by the IRS, as all IRA assets must be
managed by a custodian). Depending on the Custodian, storage fees can range
from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1%
annually.

One-time Charges:

• IRA setup fee: $50
• Depositing funds through wire deposit: $25 to $30

Based on this, you can expect to spend at least $260 for a gold IRA with non-segregated storage for the first year and $180 for every consecutive year after that.

Assuming that you only made one wire transfer, and if your account were to reach $100k, your yearly fee goes up to $310.

Compared to a traditional IRA, precious metal IRAs have more fees. Most US brokers will not charge you an annual fee. For the ones that do, the prices are comparatively lower because gold storage companies charge for safekeeping your gold for you.

Non-IRA Transactions

As for the costs and fees for Non-IRA deals:

• One-Time Set-up Fee: $0
• Annual Maintenance Fee: $0
• Storage Fee: $0

Yup. There are no fees for Non-IRA transactions. But there is an investment minimum of $3,500.

Services that Goldco Offers

Goldco products fall under three major categories: Precious Metal IRAs, Non-Precious Metal IRAs, and Cryptocurrency IRAs.

Precious Metal IRAs

Goldco splits its offerings into either Gold IRAs or Silver IRAs. Self-Directed Gold IRAs are the most commonly purchased accounts. Gold IRA also refers to IRAs of differing combinations of approved precious metals.

Goldco precious metals specialist assist you in finding a custodian and storage facility. They help in filing paperwork with a custodian company and purchasing IRS-approved coins or bars for you.

It is up to your discretion when you choose to distribute them, and gold prices are always the same as those you can read in the paper. A sudden drop or rise in value won’t blindside you.

Self-Directed Silver IRAs are the same as gold IRAs in almost all aspects. Silver, like most precious metals, maintains its value over the long term. Specifically, its investment and industrial uses mean that its value gets determined by those sectors.

Compared to the gains of gold, which are slow and are noticeable in the long-term, silver earnings happen at a more noticeable percentage. It is a splendid choice if you want to grow your current wealth and continue to diversify your investment portfolio.

Non-Precious Metal IRAs

Goldco specialties used to revolve around the sale and delivery of IRA-approved gold and silver coins. Now they focus more on their Precious Metal IRAs.

Goldco allows you to purchase precious metals directly through them. There are no requirements needed to avail of this service, like age or income.

If you choose to purchase your precious metals this way, you can also decide whether you want to keep your assets in a secure vault or not.

Because of the strict regulations of the IRS, you may not store precious metals in your house. According to the IRS, you can only store precious metals in an approved facility. Other kinds of storage will incur costly fines.

What you can have delivered to your home, though, are Goldco-approved collector coins and mints. Goldco will not include these in your IRA.

Another thing to note is that Goldco only allows you to purchase the gold available in their coin catalog.

What Makes Goldco Unique?

Goldco differentiates itself from other gold IRAs with features that continue to attract people to them.

Special Offers For New Customers

Get up to 5% back in FREE Silver when you invest $50,000 – $99,999. Get up to 10% in FREE Silver when you invest $100,000 or more.

White-Glove Customer Service

Goldco has always been customer-centric. If you went over the hundreds of customer reviews, it is plain to see just how much they try to streamline their processes for you. Customers consistently sing praises about how friendly the company precious metals specialist are over the phone. There are no pushy or aggressive sales pitches here. Also, according to reviews, any problems customers face are always solved immediately.

Newcomers can also receive a free guide outlining all the benefits and disadvantages of investing in a precious metal IRA. Their dedication to their customers is also apparent in the abundance of resources available on their website. They have free eBooks, charts, blog posts, and even videos for those customers who are visual learners.

Low Fees

While sticking to their goal of making their company as customer-friendly as possible, Goldco offers a low-as-model. They understand that investing all of your money into a precious metal IRA may not be the best option for you. Their precious metals specialist will work with you to figure out the best solution for your investments. 

If you are not interested in creating a precious metals IRA with them, there are alternative options available. Their non-IRA transactions cost you absolutely nothing. There are no storage fees, no maintenance fees.

You can work with them at no extra cost to you, something not seen in other gold IRAs.

IRA & 401K Rollovers

What if you already have an IRA? It could be an employer-sponsored 401K, or an investor-sponsored traditional IRA. What if you want to go about transferring some of those retirement funds over into your precious metals IRA? Goldco precious metals specialists assist you throughout the entire process. They will work closely with you to figure out the best solution for the investments made with other companies.

The process for doing this is relatively simple:

• First, create your precious metals IRA with Goldco. Specialists will cooperate with you to answer all questions you may have.
• The same specialist will link your old and new IRAs. They will file the paperwork and double-check all information before proceeding.
• After you transfer your funds, the precious metals specialists will give you a Goldco-approved precious metals catalog to peruse. They will help you find the right combination of metals that will work best with you.

As you can see, their specialists will work with you during the entire process from start to finish. Goldco offers complete transparency here. The rollover takes about two weeks to go through, with complete updates from them.

Types of Accounts You Can Rollover into Goldco:

• Traditional IRA
• Roth IRA
• SIMPLE IRA
• SEP IRA
• 403(b)
• 401(k)
• Roth 401(k)
• Roth 457(b)

Other Brands of Precious Metals Goldco Accepts:

• Lucky Dragon
• Royal Mint Gold Lunar Series coins
• American Eagle Proof
• American Eagle
• Australian Saltwater Crocodile
• Silver World War I
• Bald Eagle
• Silver World War II Victory
• Royal Mint Silver Britannia Lunar Series coins
• Maple Leaf
• Buffalo
• Gold bars
• Silver bars

State-of-the-art Storage Options

Because of IRS regulations about precious metal storage, you can only use accredited facilities. There is non-segregated vault storage through the Delaware Depository Service Company (DDSC) and Brinks – Secure Precious Metals Logistics in New York.

Both Brinks and DDSC are well-known and established precious metals IRA depositories in the United States. Both agencies use refined techniques to keep your assets safe. For both IRS-approved storage facilities, There is non-segregated vault storage for a flat rate of $100 per year.

There is another option over segregated storage, which would cost you $150. If you are not keen on having your assets stored in Delaware or New York, you can also choose a different location. Goldco precious metals specialists will help you find the storage options that are right for you.

Buyback Program

Do you need to raise some cash? What can you do with the precious metals in your account? If ever you choose to liquidate your account, you can find many buyers on the metals market. If you want to go this route, though, you might not be getting a fair price on your assets.

Goldco, however, offers a very generous buyback program. They are more than happy to buy back the precious metals you bought from them at more than reasonable prices.

You can always choose to sell your metals to other businesses, but transacting with them is smoother.

How to Get Started with Goldco

Goldco streamlines all of its transactions. Although they do not allow online account setups, their specialists eagerly assist you throughout the process over the phone. To open an IRA, all you need to do is fill in your contact information here. An Agent will contact you. Here, you should consider the following:

Select an IRA Plan

Talk with the Goldco precious metals specialists when deciding if you are starting a new account or rolling over an existing account. Before jumping into anything, ask them to make sure you are following regulations properly. You also need to check if the other accounts you hold are eligible for the transfer.

Select the Precious Metals You Want to Invest in

Goldco provides you with an approved catalog of precious metals you can purchase. You can have any combination of metals in your account.

Select The Custodian for Your Precious Metals

According to IRS regulations, a custodian needs to store your precious metal assets. Talk to your precious metals specialists to find a location that satisfies you.

Purchase Precious Metals

After purchasing your precious metals, you can now work with your selected custodian to store them. Custodians keep your assets secure at a bullion depository so that they are always available to you.

GOLDCO

Bottom Line

Goldco offers a hassle-free way to buy metals with an easy and advantageous tax structure. But if you are motivated enough, you can set up your own IRA and deal directly with precious metal vendors without paying any annual maintenance fees or having a yearly quota to fulfill.

GOLDCO

Bottom Line

Goldco offers a hassle-free way to buy metals with an easy and advantageous tax structure. But if you are motivated enough, you can set up your own IRA and deal directly with precious metal vendors without paying any annual maintenance fees or having a yearly quota to fulfill.

Overall Rating:

CUSTOMER CARE

PRICE

RELIABILITY

EASE OF PURCHASE

Alternatives

American Hartford Gold

Star Rating

This company has a strong reputation for its professionalism and timeliness in client communication and customer service. They sell the precious metal American Gold Eagle coins among the most popular gold bullion coins in the US market.

This section provides a good introduction for the first-time buyer of precious metals. It’s explained what forms of Gold are available and how to choose what’s suitable for your own needs and circumstances.

American Hartford Gold Group is an excellent resource to keep in mind as you look for a company to buy precious metals. Commissions and fees are clearly explained and reasonable at this company. Over a year, these fees can potentially equal as much as 2% of the value of your investment.

Pros:

• This shows that the company has been around for a while. Long-term companies are more reliable than newly formed ones since they have to adapt to market changes and consumer needs over time.
• Service is also better since these companies have longer to train their employees and make sure they give good quality work and service.
• It is good to see that the company has a professional website because this means they are taking steps to appeal to a broader customer base online.
• This is a trustworthy website.

Cons:

• Information is presented overwhelmingly. Several links and tabs are located throughout the page. This may be beneficial to some, but for others, it may cause more confusion than anything.
• It is a good idea to bookmark this page to return to it whenever you want to quickly.
• Many people very often use beauty products like creams and lotions across the globe regularly.

Augusta Precious Metals

Star Rating

Augusta Precious Metals are a family-owned company that has been in the business for more than 50 years. They have an excellent track record of assisting their customers with building wealth and ensuring secure retirement plans through gold or silver IRAs, even when investing outside traditional accounts.

Pros:

• Streamlined approach
• The company have a lifetime customer support
• They have competitive pricing

Cons:

• No online orders
• Minimum investment required

Conclusion

Consider investing in precious metal IRAs to help you worry less about the future of your investments during this ongoing crisis. You can also consider diversifying your investment portfolio by looking into purchasing metals directly. Even if you already have a traditional IRA and want to roll over your investments into a precious metal IRA, Goldco might be the right company for you.