Are you interested in precious metals IRAs? Then this Goldco gold IRA review will help you find out if their precious metals IRA is good for you or not.
You’ll learn about their fees, charges, reviews and how well they compare to other gold IRA companies.
What is Goldco Gold IRA?Goldco Gold IRA Locations, Timings, Email, Phone, Services
Goldco is a recognized company that specializes in assisting clients in diversifying their investment portfolios by acquiring precious metals. With years of expertise in the industry, Goldco provides a variety of services suited to their client’s specific investment goals and needs.
The Precious Metals IRA is one of Goldco’s main offerings. Individuals can invest in physical gold, silver, platinum, and palladium through a Precious Metals IRA, which is a tax-advantaged retirement account. Goldco aids clients in establishing and managing these IRAs, advising them on the best precious metals to use and assuring compliance with IRS requirements.
Goldco offers gold and silver coins in addition to Precious Metals IRAs. These coins, which are known for their purity and worth around the world, serve as tangible assets that can potentially provide a hedge against inflation and economic uncertainty.
The company gives clients access to a wide variety of coins from respected mints all over the world, allowing investors to customize their portfolios to their specific preferences and investment approaches.
Goldco has received numerous accolades and awards since its inception. They have been named to the Inc 5000 list of top American companies and have been named the 22nd fastest-growing company in Los Angeles by the Los Angeles Business Journal.
Goldco assures that the bars they offer meet industry purity and authenticity requirements, giving clients piece of mind that their investments are of good quality.
- Address: 19528 Ventura Blvd 370, Tarzana, California, 91356, United States
- Timings: Monday to Friday, between 7 am – 4 pm (PST).
- Phone: (818) 577-2700
- Email: ccpa@goldco.com
- Website: www.goldco.com
People Behind Goldco Gold IRA: CEO, Owner, Co-Founders & MoreWho owns Goldco Gold IRA? What is the management team behind Goldco Gold IRA?
The following are some details about Golco’s CEO and Founder that I found mainly through his LinkedIn profile:
Trevor Gerszt: Founder & CEO
Trevor Gerszt, a self-made guy, moved to the United States with his family when he was six years old. After finishing school, he got his real estate license and established himself in Los Angeles’ prosperous San Fernando Valley region, which is rich in both commercial and residential real estate opportunities.
However, in the aftermath of the 2008 economic collapse, he realized the even larger potential in precious metals; a thriving sector in good times and a literal gold mine in bad.
Trevor decided to run his new company, Goldco Precious Metals, in accordance with strong ethical practices, based on his findings of unethical providers in the field.
He says that clients not only rely on Goldco for unmatched service and product excellence in precious metals, but they also put their retirement savings in their hands. Goldco Precious Metals is one of the few companies in the country that primarily turns traditional IRAs and other qualified retirement accounts into Gold IRAs.
The company also provides the Self Storage Gold IRA, a one-of-a-kind self-directed IRA product that enables clients complete control over their retirement savings.
Goldco Gold IRA Products: Bullion Coins, Bars, And Rare CoinsAll products offered by Goldco Gold IRA
Goldco offers a range of products and services that are made for investors who want to diversify their retirement assets with a precious metals IRA or invest directly in gold and silver. They often offer silver and gold in the form of premium coins or bars.
To purchase gold or other precious metals, customers need to create a Goldco gold IRA account. Goldco’s precious metals professionals will assist you in tailoring your retirement asset strategy to your unique needs and preferences.
Here’s a detailed overview of the Goldco precious metals products:
Gold Products
At Goldco, you will find 12 gold IRA coins and various bars:
- British Lunar Series
- Freedom Coin
- American Eagle (Gold)
- American Eagle Proof (Gold)
- Military Guinea
- American Bald Eagle
- Maple Leaf (Gold)
- Gold Liberty
- Independence Hall
- Australian Saltwater Crocodile
Silver Products
Just like their collection of gold products, Goldco has a large selection of silver products, both IRA and non-IRA.
There are 14 kinds of silver coins available at Goldco along with silver bars:
- Freedom Coin
- Lucky Dragon
- 20th Anniversary Britannia
- Maple Leaf (Silver)
- Military Guinea
- American Eagle (Silver)
- Great Barrier Reef
- American Eagle Proof (Silver)
Apart from IRA-eligible products, you can find plenty of collectable non-IRA coins at Goldco Precious Metals.
For example, Goldco offers the Chuck Norris “Five Principles” 1 oz. silver coin. Struck by the New Zealand mint, these coins are non-IRA collectables.
Educational Resources
Goldco provides its customers with a plethora of educational resources to ensure they are well-informed about investing in precious metals. Their extensive resource library includes an in-depth blog, eBooks, and informative videos.
These materials include news articles, a beginner’s guide to gold IRAs, retirement planning, and information about the economy and the Federal Reserve.
Goldco’s commitment to educating its customers helps in the establishment of trust and empowers investors in their decision-making process.
Can You Invest in Goldco Gold IRA?Do They Offer A Precious Metals IRA?
Time needed: 15 days.
To invest in a precious metals IRA through Goldco Gold IRA, here are the general steps:
- Open a Self-Directed IRA
Select an IRA company that handles opening precious metals IRA accounts and fill out an application. You can work with Goldco Gold IRA to recommend an IRA company and provide the necessary paperwork. However, I don’t recommend doing so.
- Fund Your IRA
Once you have selected an IRA company, you can move your funds into your new IRA account. You can work with the IRA company representative to transfer or rollover funds into the new account.
- Select a Precious Metals Dealer
One of the forms you need to fill out along the way is typically called a Buy Direction Letter. This is where you list the precious metals dealer you have selected, such as Goldco Gold IRA.
- Decide Which Precious Metals to Purchase
You can choose to invest in gold, silver, platinum, or palladium for your IRA. There are some restrictions regarding fineness requirements and allowable coin types, so it’s important to get guidance from Goldco Gold IRA in this area.
- Place Your Order
Once the funds are available in your IRA account, you can call them to place your order for the desired precious metals.
However, I don’t recommend opening an IRA with them. Why? Because there are plenty of better options available for you.
Opening a precious metals IRA is a major decision. That’s why I suggest checking out our top gold IRA providers list. There, you can find the best precious metals dealer in your state and choose accordingly.
Also, the list will help you understand what the industry’s best has to offer and what you might miss out on.
Is Gold Really Useful In Times Of Crisis?See for yourself
>>>Get in touch with the #1 rated gold IRA company of 2023<<<
Goldco Gold IRA Fees and Charges: Do they overcharge?What are their fees? Do they have hidden fees?
A minimum investment of $25,000 is required for opening an account. Goldco’s storage and account maintenance fees are reasonable and completely clear. They are as follows:
Their IRA maintenance fee is a flat annual charge of $80. In terms of storage fees, you would need to pay $150 annually for segregated storage and $100 for non-segregated storage.
Similarly, Goldco charges $50 for setting up an IRA and $20 as a Wire Fee.
This can deter many investors as the minimum permissible investment for those who are under 50 years old is $6,000. If you contribute more, you will have to pay a 6% tax on the same.
Additionally, the company doesn’t charge any fees for the first year if your investment is $50,000 and higher. However, they increase their charges by an average of $50 if your account’s value is $100,000 or higher.
| Initial Set Up Fee | $50 |
| Annual Maintenance Fee | $80 |
| Wire Fee | $20 |
| Storage Fee | $150 for segregated storage/$100 for non-segregated storage |
| IRA Rollover Fee | $0 |
| Minimum Investment | $25,000 |
You might like: Goldco vs Augusta Precious Metals
Goldco Gold IRA Reviews and Complaints: BBB, Yelp, GoogleRead all the Goldco Gold IRA reviews & complaints
Goldco’s excellent customer service has contributed significantly to its company growth and a solid track record. Customers have praised Goldco’s customer support team for their educational materials, helpful account representatives, and quick responses.
The company’s devotion to customer service has been an essential factor in its success and has contributed to the establishment of a large customer base. Goldco’s customer support team is committed to providing excellent service.
Customers have also applauded Goldco’s employees for their knowledge and professionalism in guiding them through the often difficult world of precious metals investing.
Customers have frequently praised Goldco’s services, with thousands of five-star ratings on respectable websites such as the Better Business Bureau, Trustpilot, and others. The reviews often praise Goldco for its excellent customer service, openness, and dedication to customer satisfaction.
Customers have also applauded Goldco’s employees for their knowledge and professionalism in guiding them through the often difficult world of precious metals investing.
Additionally, on ConsumerAffairs, Goldco has received 1685 reviews with 4.9 out of 5.
It is also important to note that we found 41 customer complaints against Goldco on Better Business Bureau. However, it is essential to highlight that just a tiny percentage of the few complaints filed there are constructive, as shown by the example below.
However, Goldco appears to be proactive in addressing any problems that arise, quickly resolving complaints in favor of its customers, and demonstrating its commitment to customer satisfaction.
The majority of the dissatisfaction seems to come from their marketing campaigns rather than their services or products. Several customers have complained about the company’s marketing strategies.
The company has received several unresolved complaints from customers. There are also several unresolved negative reviews on different platforms. Our #1 rated gold IRA company has ZERO unanswered complaints on BBB.
Is Goldco Gold IRA Legit? Should You Invest With Them?Is Goldco Gold IRA scam or legit? Are they worth it?
No, I don’t recommend investing with them.
Pros:
- 1000+ positive reviews
- 15 years of industry experience
- Endorsed by Chuck Norris and Sean Hannity
- Offer Gold IRA
- BBB-accredited
- Transparent about fees and changes
Cons:
- High markup on coins
- No Platinum and Palladium Products
- Received many customer complaints
Goldco is, indeed, a trustworthy gold dealer. Across many platforms, the company received over a thousand 5-star reviews. Furthermore, they received excellent ratings across every aspect, including a AAA rating on BCA and an A+ rating on BBB.
Such a high rating across numerous platforms demonstrates Goldco’s dedication to customer satisfaction.
The company guarantees customer satisfaction but the lack of platinum and palladium products as well as the complaints they have received on BBB might concern some investors.
In that aspect, Goldco may be an excellent option for investors. Its 1000+ positive reviews applaud the company’s helpful and cooperative staff. Also, their free resources will help you have a better understanding of precious metals IRA.
Before investing with any IRA company, I recommend that you consult with a retirement advisor. Furthermore, it is better if you look into a few options before settling on a specific gold IRA company.
On IRAEmpire, you may find the best gold IRA companies of 2023. Alternatively, if you are a Goldco client or have dealt with them, please share your experience in the comments section below.
Or, you can check out the best gold dealer in your state below:
Each state has its regulations and rules, so we’ve sorted and found the best Gold IRA company for each state.
Find the best Gold IRA company in your state