Goldco Reviews: What You Need to Know About This Company
Looking for a safe and secure way to invest your money? Look no further than Goldco! This company has provided quality investment services for years, and its reputation is impeccable. If you want to know if Goldco is a good investment for you in the future, we will go over it in great detail.
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What is Goldco?
Goldco Precious Metals is a company that you can trust regarding precious metals. They are experienced in taking care of gold and silver IRA rollovers. They also offer their customers the opportunity to buy precious metals directly from them.
Trevor Gerszt founded Goldco in 2006. Woodland Hills, California, is where the company’s headquarters are located.
Since the company was created, Goldco has worked with clients to safeguard, secure, and diversify their investments and wealth.
The company has been featured in some publications. In 2015, Inc. Magazine called it the third fastest-growing financial services firm in the United States.
The company was also named by the Los Angeles Business Journal as the 17th fastest-growing company in the greater L.A. area.
How does it work?
Here are the procedures you will go through if you decide to use Goldco’s services.
This process covers everything from the initial contact to the IRA rollover completion.
Step 1
The first step is to call customer support by dialing 888-626-1785 or filling out their form.
Step 2
Suppose you want to move forward with opening a Goldco IRA. In that case, a customer support representative will transfer you to a specialist. If you don’t want to do that, you can choose an appointment time that works for you.
Step 3
The IRA specialist will need some information from you to create your account, transfer your money, and finish the application. They’ll ask for information such as your name, Social Security number, and contact information, among other things.
Step 4
After applying and being approved, you can begin funding your account. An Account Executive will assist you in selecting the best metals for your IRA.
Suppose you want Goldco to move your desired metals from their inventory to your depository. In that case, you’ll need to follow this procedure. It must only take a few business days to complete the process.
They will arrive in 3 to 4 weeks, if not sooner.
Goldco Services
Goldco IRAs are available in both gold and silver. These are the three primary services provided by Goldco to its customers.
Precious Metals IRA
Precious metals IRA investors must be under the age of 70-and-a-half, and they must have earned income to be eligible. Goldco offers both gold and silver IRAs.
Goldco follows IRS regulations for storing IRA precious metals. The metals are stored in a third-party, state-of-the-art vault.
Goldco uses Equity Trust Company to be its IRA custodian.
Non-IRA Precious Metals
Unlike the IRA Precious Metals option, non-IRA Precious Metals can be purchased by anyone regardless of age or income.
After you purchase precious metals, you have two options: to have them delivered to your home or in a safe deposit box.
Goldco Fees
Goldco’s business philosophy is geared toward helping its customers save money.
The fees for Goldco’s precious metals IRAs and non-IRAs are listed below.
One time fees for IRA Service Price
Annual fees for IRA Service Price
- The maintenance fee is $80
- Storage fee Non-segregated $100
Segregated $150
Goldco charges $260 per year to start a precious metals IRA. If you want to have your IRA with non-segregated storage, it will cost you $260 the first year and then $180 each year.
On the other hand, if you’d like your IRA to have segregated storage, you will have to pay $310 in the first year and $230 each year.
There are no fees to be paid for non-IRA transactions!
Goldco Features
Goldco has certain features that make it unique. Here are seven of them.
Low Fees
The first thing you’ll like about this company is the low fees. They use a model that ensures you save money.
You don’t have to pay any fees for your non-IRA transactions!
Buyback Program
Goldco has an excellent buyback program, which means that if you ever want to sell the precious metals you bought from us, we will be happy to repurchase them from you.
If you want to sell your metal coins, it is best to sell them back to the company you originally bought them from. You are guaranteed a higher price than if you sold them to a random coin dealer.
Excellent Customer Service
Goldco really values its customers and makes sure that it provides excellent customer support.
Goldco takes care of its customers very well. They have excellent customer service. There is a phone number and email address available for any queries or problems you may have. Goldco makes sure that you are happy with their services.
Special Offers for New Customers
Goldco really takes care of its customers, especially the new ones. It has two special offers, which are:
- If you deposit at least $50,000 in your account, you will not have to pay any fees for the first year!
- If you order more than $50,000 worth of metals, you will earn 5% back in free metals!
If you deposit $50,000 in a bank account, you can save up to $320 in fees. Plus, you get $2,500 worth of free precious metals.
IRA and 401(k) Rollovers
Goldco makes sure that transferring your retirement account to them is quick and easy. Here are the steps:
1. Open a Goldco Precious Metals IRA
2. Goldco will help you transfer your old IRA into your Goldco account.
3. Following the money transfers, the expert will assist you in selecting gold and silver bullion that suits your objectives and ambitions.
You don’t need to worry because your Goldco specialist will always be there for you. The process usually takes 10 business days from start to finish.
Educational Resources
Goldco ensures that its clients and investors are well-versed in the business of investing.
On its website, there are many educational resources for clients. Some of these resources are:
- You can download eBooks that include information about why the dollar might crash, how the American IRA and 401(k) systems are in trouble, and how to invest in gold using a Gold IRA.
- In-depth blog about recessions, trade wars, and other topics.
- Educational videos regarding stock market crashes, dollar fluctuation, and many more
- Live price trackers for different precious metals.
Great and State-of-the-art Storage Options
Goldco follows the IRS regulations for storing precious metals in an IRA. This means that you must keep your metals with a third-party depository.
Goldco makes sure that you and your investments are well-protected. It uses the latest technology to store your assets. Here are the different storage options it offers.
Storage Providers Storage Type Annual Storage Cost
- IDS Texas Segregated $100
- Brinks Salt Lake City Non-segregated $100
- Delaware Depository Non-segregated $100
Goldco uses the Delaware Depository because it is a well-respected depository with over 200 years of experience in the precious metals industry. It has 3-Class vaults and state-of-the-art security and storage systems.
You can choose another storage or depository provider if you want.
Goldco Pros and Cons
Is Goldco A Scam?
Goldco is a legitimate precious metals firm.
This company has been providing excellent services to its clients for years. This has led to it being recognized by different publications.
Goldco is an excellent choice if you wish to invest in precious metals. However, their minimum deposit requirement of $25,000 is too high for most people.
Frequently Asked Questions about Goldco Reviews
Goldco has an A+ rating from the Better Business Bureau. This means that they have been good to their customers and resolved any complaints. Goldco also has a AAA rating from the Business Consumer Alliance, which is considered trustworthy.
Individual retirement accounts (IRAs) that permit the possession of gold as a legally permissible asset are known as gold IRAs. This can include physical metals such as bullion or coins and precious metals-related securities.
An LA precious metals dealer named Goldco was founded and led by Trevor Gerszt, the company’s CEO. To assist people to establish long-term wealth through the security and stability of precious metals and other alternative assets has been his goal for more than 20 years.
The Better Business Bureau rates Augusta Precious Metals as an A+. The company is accredited by the Business Consumer Alliance, which gives it the highest rating of AAA for excellence. The only complaint the company has received was about a product, and it has now been resolved.
Saints Gold is an LA-based design group specializing in making jewelry out of natural gold. We used to work at a local jewelry store, where we saw how hard it was to find a good, trustworthy source to buy gold jewelry.
Sanford Mann is the CEO of American Hartford Gold. Sanford Mann follows a doctrine that he learned from his father at a young age: provide the customer with unlimited education and a fair deal.
According to JMBullion’s 2,598 customer evaluations, most customers are satisfied with the products they’ve purchased from the company. Customers confident with JMBullion mention precious metals, excellent service, and fast delivery. In addition, JMBullion ranks 1st among Gold sites.
People can buy silver coins and bars from a variety of places. Silver coins can be purchased from almost any bank. If someone wants to buy silver in paper form, they can look online for more information. Silver coins from branded jewelers are available from many different popular online shops.
Even if you set up an LLC to buy gold, you still can’t store it at your house. It needs to be safe, like a safety deposit box.
Yes, gold is considered a collectible by the IRS. This means that it is taxed in the same way as art or antiques.
Including gold IRAs in your retirement portfolio can help you protect your savings from inflation. Gold prices typically move in a direction opposite of paper assets, so this will help to even out the risk over the long term.
