Goldco is a privately held company in the Los Angeles area with over a decade of experience helping customers protect their retirement savings. Whether you want to diversify your retirement assets into a Precious Metals IRA or buy gold and silver directly, a Goldco Specialist can help you seamlessly navigate the process from beginning to end.
Disclaimer: We may receive a referral fee from some of the companies featured in this article. This is not a financial advice article. Refer to a professional for investment advice.
Goldco is a precious metals company recommended by major media figures like Sean Hannity, Chuck Norris, Ben Stein, and Stew Peters, and it is the only precious metal company these leaders recommend to their audience, family, and friends.
The company has a long-standing reputation for excellent customer service and high ethical standards, and it also provides its customers with helpful, informative educational materials and resources on precious metals.
Goldco Pros & Cons
Pros
- Excellent customer service
- Reputation for honesty
- Simple, fast application process
- Strong buyback program
- Decades of experience in the industry
- 3-step process to invest in tax- and penalty-free precious metals
Cons
- $25,000 minimum investment for gold and silver IRAs
- The company only offers investments in gold and silver
Top Goldco Features
Goldco is a customer-friendly precious metals companies, providing its clients with a straightforward, scam-free investment experience.
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Goldco has received honors, awards, and accolades from various business publications recognizing the company’s successful expansion.
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For the last six years, Goldco has been featured on Inc 5000’s prestigious list of “Fastest-Growing Private Companies.”
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Goldco has been named “Company of the Year” by the American Business Awards two years in a row.
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The Los Angeles Business Journal has ranked Goldco as one of the top 25 fastest-growing private companies in Los Angeles.
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Goldco is now a market leader, with more than $1 billion in gold and silver orders placed since its founding.
Who Is Goldco Recommended For?
Goldco is a leader in the precious metals industry, with over a decade of experience helping customers protect their retirement savings. If you have an IRA, 401(k), 403(b), TSP or similar tax-advantaged retirement account, a Goldco Specialist can help you protect those assets with a Precious Metals IRA.
Goldco Overview
- BBB A+ 441 Reviews ⭐⭐⭐⭐⭐
- TrustLink 4.8/5 Stars 253 Reviews ⭐⭐⭐⭐⭐
- Consumer Affairs 4.8/5 Stars 1,160 Reviews ⭐⭐⭐⭐⭐
- Google Reviews 4.9/5 Stars 1,231 Reviews ⭐⭐⭐⭐⭐
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How to Open a Goldco Gold IRA
Step 1: Fill out the online form to provide Goldco with your contact and identification information. An expert from the company will then contact you to follow up on the details of your intended investment and help you with any questions you might have if you have a rollover.
Step 2: The expert should then send you a comprehensive guide designed by Goldco experts. The guide covers all aspects of gold and silver IRAs and fills up any holes you might have in how that works. Additionally, it provides you with information on investing, which is highly welcome since most people go in blind for their first precious metals IRA.
Step 3: After reading the comprehensive guide, and finally deciding on what you want, you should then speak to the assigned expert to help you set up an account. This is also where you pay for your new account. Before this, however, we would advise speaking to a tax advisor, especially in the case of a rollover. Doing that reduces the risk of taking on tax penalties and covers all your bases with the IRS.
Step 4: The final step is choosing the metals you want after which they are sent to a secure storage facility.
Fees & Commissions
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. Goldco does not charge any storage fees for cash transactions over $25,000.
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Rollover Fee |
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Storage Fee |
$150/Year |
Goldco Investment Kit 2023
Available Goldco Eligible IRA Metals and Coins
You should know that only metals and coins that are IRA eligible can be used when investing in a Gold or Silver IRA. Finding a reputable and compliant dealer for precious metals can be challenging, which is why it is a welcome reprieve that you can buy your metals and coins of choice from Goldco. The company offers an extensive selection of gold and silver. Of course, you don’t need an IRA to buy precious metals, but you will still need to set up an account. The selection includes:
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Gold |
Silver |
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Gold American Eagle 1oz Gold American Eagle Proof 1oz Gold American Bald Eagle 0.25oz Gold Australian Striped Marlin 1.5oz Gold Australian Saltwater Crocodile 0.25oz New Zealand Mint Gold Liberty 0.25oz Gold Australian Phoenix 0.25oz New Zealand Mint Gold Independence Hall 0.25oz Gold Australian Sea Turtle 0.25oz Royal Dutch Mint Gold Valor 0.25oz Royal Dutch Mint Gold Freedom & Hope 0.25oz Canadian Gold Maple Leaf 1oz American Gold Buffalo 1oz New Zealand Mint Gold Freedom 0.25oz Canadian Gold Lucky Dragon 0.25oz Gold Military Guinea 7.8g Gold British Lunar Series 0.25oz |
New Zealand Mint 1oz Chuck Norris “Five Principles” Silver American Eagle 1oz Silver American Eagle Proof 1oz Silver American Bald Eagle Silver Australian Spotted Eagle Ray 1.5oz Silver Australian Striped Marlin 1.5oz Silver Australian Sea Turtle 1oz Silver Australian Great Barrier Reef 1oz New Zealand Mint Silver Liberty 1oz Silver Australian Phoenix 2oz Silver Australian World War I 2oz European Silver Veteran 1oz Silver Mayflower 1oz Royal Dutch Mint Silver Valor 1oz Canadian Silver Maple Leaf 1oz Canadian Silver Lucky Dragon 1oz Silver Military Guinea 1oz New Zealand Mint Silver Freedom 1oz Silver 20th Anniversary Britannia 1oz Silver Britannia Lunar Series 1oz |
Service Details
- Supported Languages English
- Customer Service Hours 7am-4pm (working days)
- Email Response Time 1-2 Hours (working days)
- Telephone Support Yes
- Personal Account Manager Yes
Goldco Reliability & Security
One of the greatest concerns you should have is whether the company you are looking to make investments in is compliant. Although investing in precious metals means that you can visit and admire your collection, that doesn’t mean that you can keep the metals with you. More importantly, there are specific metals which are approved by the IRS. All the metals sold through Goldco are IRA eligible and its partners for storage are also vetted and compliant.
Final Thoughts on Goldco
Goldco is one of the best precious metals companies in the business. Goldco’s pricing for precious metals is reasonable, and the company also has informative educational resources, fair fees, and helpful, knowledgeable customer service representatives. With its longevity in the industry, Goldco is the gold standard when it comes to precious metal IRAs.
Investment Kit Screenshots
Contact Info
24025 Park Sorrento Suite 210, Calabasas, CA 91302, USA
Goldco FAQs
Q: Is Goldco legitimate?
A: Goldco was founded in 2006, and it has maintained a legitimate, reputable business since its inception. The company is credited with an A+ rating from the Better Business Bureau (BBB). That said, Goldco lacks a presence on many consumer review sites, making it difficult to ascertain the credibility of its ratings. However, the reviews we have come across all point to the strength and reliability of the company.
Q: Do I need an IRA to purchase precious metals?
A: You don’t need to have an IRA to purchase gold, silver, and other precious metals, and you can purchase the metals directly from Goldco and have them delivered to your home. Of course, when you factor in the issue of security, it would be better to have your metals held by legally-compliant custodians. Keep in mind that storage fees apply, should you take the custodial option.
Q: Which offers better returns between gold and silver?
A: Investment is a matter of personal preference. Gold is not necessarily better than silver, as both have their strengths and weaknesses; therefore, you should make your purchase based on your investment needs and goals.
Q: How do I sell the precious metals held in my Goldco IRA?
A: If you wish to liquidate your account, Goldco offers one of the best buyback programs in the industry. The company buys your gold or silver back at the highest price available, saving you from the hassle of finding a buyer on your own.