GoldCo Review

By John Simpson

May 4, 2021

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First Glance

  • Best for Learning About Precious Metals
  • Excellent company reputation
  • Great reviews from customers

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4.5/5

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Protecting Your Investment


If you didn’t already know, careless government budgets, market volatility, and deficit spending all make investments very risky. In essence, these investments can be either bonds or stocks but are not limited to just those. As such, more and more persons are now investing in precious metals like silver and gold.

One of the main reasons why people delve into precious metal investments is simply because they don’t necessarily rely on the market’s value. For better words, their worth is not dependent on the market. If for some reason the stock markets begin to experience downturns, investors of precious metals don’t need to worry too much. In most instances, the prices of these even rise in the midst of unstable markets.

However, you don’t need to invest exclusively. These precious metals are still a good option for expanding your portfolio. So, if you’re interested in investing, Goldco is a great organization to invest with. Read on as we dive into everything that you need to know.


Who Is Goldco Direct?


Goldco Direct is also known by its full name Goldco Precious Metals and they typically offer silver and gold IRAs as well as metals. The company came on stream in 2006 and thus far thousands have benefitted from their efforts in the industry. As far as their customer service goes, customers have a ton of wonderful things to say about them.

Goldco even offers several learning tools for their clients. So, when you work with them, there’s nothing that gets left behind or in the dark. The company was started by Trevor Gerszt and is located in the Woodland Hills of California. Less than a decade after its inception, Goldco took third place in rankings by Inc. Magazine.

The magazine went on to indicate that they were growing financially. According to the Los Angeles Business Journal, they were referred to as the 17th fastest growing company in Los Angeles.


Services That Are Offered


Thus far, Goldco offers two main services. These are direct purchases and precious metal IRAs. They also manage another company that deals specifically with cryptocurrencies.

Precious Metal IRA’s

If you’re younger than 70-and-a-half, you’re eligible for an IRA. When you sign up with Goldco, you’ll be able to get either the gold IRA or the silver IRA. If you’re interested in a combination plan, you can even get them together.

In keeping with IRS standards, the IRAs for precious metals are usually kept in storage. However, third-party storage is used for these purposes. Goldco uses the services of Equity Trust Company as their IRA custodian.

Non-IRA Precious Metals

If you’re not interested in purchasing the IRA from Goldco, you’re free to purchase precious metals under their guidance. To do so, there are almost no income requirements or age restrictions. After you’ve purchased your bars, you can either have them sent to you or stored in a vault if you desire.

Cryptocurrency IRA’s

CoinIRA is better known as the sister of GOldco and specializes in everything crypto. So, if you’re interested in either Ethereum, Bitcoin, or others, they’re your go-to.


Why Precious Metals?


If you remember the 2008 recession, you’ll remember just how chaotic it became for investors. Then, most saw their wealth disappear in the blink of an eye. Such a disaster left the markets in utter disrepair. Due to this, no one was safe again.

Since recessions happened before, they can easily occur again. As such, investors need to ensure that they remain vigilant before they fall into such situations once more. In the case of precious metals, most can rest assured with a greater sense of peace.

Unlike money, precious metals aren’t as heavily impacted. On more than one occasion, they’ve managed to increase in value.


Goldco Fees


Unlike other similar companies, Goldco uses language to indicate that their services are more than affordable to just about anyone willing to invest. As such, they’ve broken down their fees according to direct sales and IRAs. IRAs tend to cost a minimum of $260 per year.

In the case of non-segregated IRAs, storage options tend to cost up to $260 for the first year. After the initial payment, you’ll be required to pay up to $180. By doing this, Goldco stores its metals.

If you’re going with the segregated option, you’ll be required to pay an additional $50. This brings your total to $310 for the first year. All years after the initial will cost $230 unless stated otherwise. It should be noted that they do not charge any fees for non-IRA transactions.

Investment Minimums


If you’ve thought about investing but you’re unsure about your finances, don’t worry because we’ve got you covered. The prices for both non-IRAs and IRAs will be discussed below.

Goldco Investment Minimums

Precious Metal IRAs

$20,000 to $25,000

Non-IRA Transactions

$3,500


Are You A Good Fit?


Goldco is an excellent investment opportunity for many people. So, if the following describes you, then you may be an excellent fit for working with Goldco.

  • Persons who are interested in investing in physical items. While some companies are on the verge of closing their doors, precious metals will always retain their value. Having a diverse portfolio including precious metals will certainly be a huge benefit to you.
  • Those who want to prevent themselves from being affected by the markets. If you pay close attention to the stock market, you’ll know just how nerve-wracking it can be. When you invest in precious metals, you’ll see how much of a good decision you made. They will essentially rise when others fall.
  • Persons who are close to retirement age can benefit from a stress-free plan in the event of a recession. So, if you’re close to retirement, investing in precious metals is an excellent idea to diversify your portfolio.

What Do Customers Have To Say?


Tons of clients have raving reviews for Goldco. In December of 2019, they were almost at their 500th on TrustPilot with as much as 4.7 stars out of 5. They’ve even received an A+ from the Better Business Bureau.

For the most part, Goldco has received tons of 5/5 reviews and the accolades keep rolling in from TrustLink. All of their IRA specialists are well-loved across the board. They are always praised for their excellent customer service, knowledge, and friendliness.

So, if ever you need assistance with something, you’re bound to find the answer with help from their team. Many people also take comfort in the interactions between the former IRA custodian and the IRA specialist as they migrate from one provider to another. If you’re thinking of making a switch, you don’t need to worry because they’ve got everything to make the transition easy and hassle-free.

When it comes to contacting them, you’ll have a relatively easy time getting in contact with them via the phone. After reaching their services, all of the responses are comprehensive and to the point. Goldco’s exceptional customer service is what makes them very appealing to new clients.

GoldCo

Goldco is one of the leading provider of precious metals IRA's. They pride themselves in customer service and the ability to help individuals diversify their retirement accounts.


What Makes Them Unique?


Goldco is loved by the masses. The following are the seven main things that are best-loved about them:

New Customer Special Offer

If you’re a new customer, you’ll have the option to take advantage of the following:

  • If your account has $50000 or more in the first year, some fees will be waived.
  • If you put in an order of over $50000, you’ll receive a 5% refund in metals.

So, if you have an account of $50000 or more, you could easily receive $2500 in metals. This allows you to save an additional $320.

Velvet Rope Customer Service

Unlike many other companies, Goldco has always done the best to ensure that its customers benefit. As such, you can easily purchase metals or start up an IRA. During the process, they will do everything in their power to make sure that you’re comfortable and can complete the process with ease.

With Goldco, your problems won’t be problems for too long. When compared to many other investment companies, Goldco is unique since they never use sales techniques that are aggressive. With their low-cost design, you’ll be able to get excellent returns on the investment that you make.

401k And IRA Rollovers

If you’re already on the route to retirement, there’s no better time than to switch to precious metals today. Making the switch has never been easier than right now. To do so, the following should be done:

  • IRA is started with Goldco
  • Company specialists assist with linking both new and old IRAs
  • After the funds are transferred, a specialist works with clients to ensure that they find a suitable option for them.

Low Fees

The fees attached to doing business with Goldco are relatively low. This allows clients to have a hold on their funds instead of using all to purchase precious metals. Investing in the IRA for precious metals can cost as low as $260 in the first year. After the first, you’ll be required to pay $180.

In the case of non-IRA business, there are no fees and you’ll even be able to store the metals for free. However, it’s best to know that this isn’t the case with many other firms.

Buyback Program

If for some reason life requires you to raise funds and you’re unsure of what to do with the metals, Goldco has a special program in place for you. The program is better known as the buyback program and they offer pretty decent rates. While you can sell your metals elsewhere, it becomes even more rewarding when you stick with Goldco.

Excellent Education Resources

Goldco has a special education resource that allows its clients to learn more about how precious metals and IRAs work. All of this and more can be found on their website and you’ll even be able to download ebooks. An all-time favorite is “10 Reasons Why The Dollar Will Crash” and there are other essential guides to investing in IRAs.

Most people tend to learn faster and easier and Goldco delivered specially crafted videos for its users to enjoy. In the educational section, they’ve managed to leave a ton of helpful videos that draw light on the common issues faced by the stock markets. However, the information found in these videos is simply golden and idealistic.

It allows you to get a better insight into the prices of palladium, silver, gold, and platinum. All of this can be done via state-of-the-art live trackers. If ever you have any other issues understanding or getting started, their customer service reps will provide the care and attention to aid.

Advanced And Secure Storage Options

As a result of the IRS guidelines, all precious metals must be stored. However, they need to be stored in spaces that are rightfully accredited. Goldco agencies are among some of the most reputable in the industry.

These storage companies make use of the best and most innovative techniques in the industry. The Delaware Depository is in fact one of the storage facilities that is used and they’ve been around for quite some time. With over 200 years in the industry, their system is unique and not like the others. If for some reason you desire another location, you can choose another.


Pros and Cons


Let’s see what this company does really well and what they could stand to work on:

Pros

  • The fees are reasonable
  • Great reviews from customers
  • Excellent deals for new customers
  • Exceptional customer support
  • A+ rating

Cons

  • Online account setups are not allowed
  • An IRA deposit of at least $25000 is needed

How To Get Started?


To get started with Goldco, you’ll need to do the following:

Step 1

The customer helpline should be contacted at 877-360-0011 to get your account started.


Step 2

You’ll be required to get in contact with an IRA specialist and schedule a meeting.


Step 3

During the meeting, you should proceed to provide the necessary information to complete the process and hand the funds over.

Step 4

During the meeting, you should proceed to provide the necessary information to complete the process and hand the funds over.


How To Contact Customer Support?


If for some reason you need to get on to customer support, you can reach out to Goldco. The following can be done to get in touch with them:

After those four steps are completed, you’ll be on your way to enjoying the benefits of an amazing investment venture. As long as your metals are available, you’ll be able to access them in just a couple of days. If for some reason they aren’t available, they’ll most likely be available within one month.

Live Chat

Live chat can be accessed via their website.

Phone

The customer service department can be reached between the hours of 8 am and 5 pm every Monday to Thursday Pacific Time. If you encounter any issues on Fridays, you can reach them between the hours of 7 am and 4 pm Pacific Time.

Email

Goldco can be reached at info@goldco.com

Contact Form

If ever you need to reach Goldco, the contact form is available.


Final Verdict: Should You Invest?


If you’re interested in investing in precious metals, Goldco is an amazing firm that will treat your investment with the same respect as if it were their own. Over the years, Goldco has shown a great deal of care for their customers and make it easy to do business with them. If you’re not an IRA investor, you’ll be able to work with their dedicated team.

In no time they’ll have your metals ready. Goldco is an extraordinary company when it comes to investing and expanding your portfolio. They make it easy for just about anyone to access precious metals and make them a part of their assets.


Our Partner

First Glance

  • Best for Learning About Precious Metals
  • Excellent company reputation
  • Great reviews from customers

Overall Rating

4.5/5

BBB Rating: A+

Trust Pilot Average Rating: 4.9/5

John Simpson

About the author

Welcome! In these perilous times of government overreach, reckless fiscal and monetary policies, shutting down small and medium sized businesses and paying people not to work, it has become my mission to protect my assets, my family's assets, and educate as many folks as possible on ways to protect their savings, retirements, and purchasing power, from rapidly devaluating fiat currency.

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