Goldco Review – A Quick Overview
Goldco is a California-based precious metals dealer with over 15 years of experience. Founded by Trevor Gerzst, the company has received 1000+ positive reviews across multiple consumer platforms. They offer gold and silver IRA products along with collectible non-IRA coins. The company has received an A+ rating from BBB and has been ranking in Inc 5000 for 6 years consecutively. However, Goldco’s website doesn’t share any pricing details and the product catalog doesn’t have any platinum or palladium products.
- Low fees
- 1000+ positive reviews across different platforms
- 15 years of industry experience
- Endorsed by Chuck Norris and Sean Hannity
- Offer non-IRA bullion products
- Received complaints for unsolicited calls
- High markup on coins
What is Goldco?
Goldco is a precious metals dealer based in Calabasas, California. Their office is located at 24025 Park Sorrento Suite 210, Calabasas, CA 91302.
Similarly, their contact number is +1 855-754-4226.
Founded by Trevor Gerzst, Goldco has been operating in the industry for over 15 years. They focus on helping clients set up self-directed IRAs.
Over the years, the company has developed a large customer base. Their online presence reflects this large client base as the company has received 1000+ positive reviews across multiple review platforms including Google, BBB and ConsumerAffairs.
Furthermore, the company has received multiple celebrity endorsements including Chuck Norris and Sean Hannity.
Goldco has partnered with other firms to offer you IRA custodial services and bullion storage. Also, they house a large collection of gold and silver products you can add to your precious metals IRA.
They have plenty of non-IRA precious metals products available in their catalog too. So, if you’re looking for collectible rare coins, they have a variety of options.
Since its inception, Goldco has received many accolades and awards. They have ranked in the Inc 5000’s list of top American firms and were called the 22nd fastest-growing company in LA by the Los Angeles Business Journal.
In the following Goldco review, I’ll shed light on their fees, products, reviews as well as complaints:
Who is the Goldco Owner: The People Behind This Company
The Goldco owner and founder is Trevor Gerszt. His vision was to create a clear service for investors so they could set up self-driven IRA accounts and begin investing in precious metals.
According to his online presence, Gerzt believes strongly in well-diversified portfolios which have a considerable mix of precious metals as they add stability and safety from many volatile factors.
He grew up in South Africa and came to the US when he was 6.
Travor Gerzst was a coin collector when he was young and his passion for rare coins helped him kickstart Goldco.
Apart from Trevor Gerzt, another notable person at Goldco is Jennifer Levin, Goldco VP and General Counsel.
She has received the In-House Counsel of the Year award by LA Business Journal. Also, she has a Juris Doctor (JD) doctorate in Law, which she received from the USC Gould School of Law.
How to Signup with Goldco: Step-by-Step Guide
If you want to start a Goldco IRA, you can follow these 3 steps:
Go to their website and sign up for the free retirement savings guide. The free guide can help you get a general idea of the benefits of a gold IRA.
Alternatively, you can give them a call directly and request to open an IRA.
The representatives from Goldco will contact you after which, you can sign an agreement to secure your purchase. Also, the specialists at Goldco will guide you through the entire process.
Then, the representative will ask you to fund your precious metals IRA. You can fund your Goldco IRA by a rollover. If you have an existing 401(k), 403(b) or another IRA accounts. The specialists at Goldco will assist you in this process as well.
After funding your Goldco IRA, you can start buying your desired precious metals. That’s it.
With just these 3 steps you would have a full-fledged Goldco IRA with your preferred gold and silver investments.
Goldco Products: A Large Collection of Gold and Silver
At Goldco, you will find an impressive catalog of gold and silver products. They offer both IRA-eligible and non-IRA precious metals so you can choose to invest in both.
Furthermore, the website clarifies the distinction between the two kinds of products very well so there’s no chance of you mistakenly adding a non-IRA product to your Goldco IRA.
However, there is no selection of platinum or palladium products which can deter some investors. Both platinum and palladium have become rather popular in recent years as they let you diversify the portfolio.
Here’s a detailed overview of the Goldco precious metals 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
And several more.
Some of the most popular coins present in this collection are American Eagle Proof (Gold) and Gold Military Guinea.
The Gold American Eagle Proofs are produced by the US Mint and are made of 99.99% pure gold. These coins are the enhanced version of the official US Mint bullion coins that have been in the market since 1986.
At Goldco, you can get these coins in 4 different sizes: 1 ounce, one-half ounce, one-quarter ounce and one-tenth ounce.
On the other hand, you have Gold Liberty, a beautiful coin featuring the effigy of Queen Elizabeth II on its obverse. On the reverse, you see the 270th anniversary of the Liberty Bell’s arrival in Philadelphia in 1752.
You can also get gold bars at Goldco:
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)
And plenty more.
Among this collection of silver coins, some of the most popular ones are Silver American Eagle and Silver Maple Leaf.
Like its gold version, the Silver American Eagle is widely popular among precious metals investors. The primary reason behind its high popularity is the fact that it’s produced by the US Mint.
Silver American Eagle has been in the market since 1986. 2021 was the final year when the coin featured its classic design.
Similarly, you can choose the beautiful Silver Maple Leaf coin. It features Queen Elizabeth II on one side and a magnificent maple leaf design on the other.
This coin is struck by the Royal Canadian Mint.
If you’re interested in buying silver bars, they have them here too:
Apart from IRA-eligible products, you can find plenty of collectible 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 collectibles.
They feature Chuck Noriss’ 5 principles for life, which are: Faith, Family, Fitness, Freedom and Fight. Its face value is $2 Niue.
Goldco Fees and Charges: Are They Affordable?
The fee structure at Goldco is quite reasonable. They claim to have kept their Goldco fees as low as possible but they can increase depending on the size of your investment.
Their IRA maintenance fee is a flat annual charge of $80. In terms of storage fee, 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 Wire Fee.
Notably, the company doesn’t charge any fees on rollovers. The Goldco minimum investment requirement is $25,000 to open an account.
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 6% tax on the same.
Additionally, the company doesn’t charge any fees for the first year if your investment is of $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|
|Storage Fee||$150 for segregated storage/$100 for non-segregated storage|
|IRA Rollover Fee||$0|
Additional Highlights of Goldco
There are plenty of things which separate Goldco from the rest of the industry. Below are some of the unique highlights of this IRA company:
Trusted Storage Facility
According to IRS regulations, you must store your IRA precious metals in an IRS-approved vault. So, you are not allowed to store your IRA precious metals at home.
The IRS doesn’t consider the precious metals stored at your home as part of your IRA and you might face penalties for the same.
That’s why gold IRA providers like Goldco offer storage facilities. Goldco partners with multiple third-party storage providers.
There, you get to choose between segregated storage and non-segregated storage.
In non-segregated storage, the vault doesn’t separate your individual coins from others. So, if you withdraw your coins, you might not necessarily get the exact coin you had stored.
For example, if you store a Gold Maple Leaf, you might not get the same Gold Maple Leaf coin when you make a withdrawal. This facility works because IRA-eligible coins don’t have any collectible value. Their value is only based on their bullion weight.
On the other hand, you can pay a bit extra and opt for segregated storage. In that option, you can get the exact coins you had stored at the vault.
According to Goldco, it partners with all major IRA storage providers.
For custodial services, Goldco partners with Equity Trust Company, one of the most popular IRA custodians in the industry. IRS regulations state that your IRA must have a custodian because they oversee your compliance of rules.
Simple IRA Rollovers
According to multiple Goldco reviews and their website, the LA-based company offers smooth and efficient IRA rollovers.
If you have an existing IRA, the specialists at Goldco will help you rollover the funds from the IRA to a Goldco IRA.
The company doesn’t charge any extra fees for rollovers, which is impressive. Several reviews have highlighted that they didn’t face any problems in performing rollovers with this IRA company as well.
Regular Promotions and Offers
To attract new investors and clients, Goldco runs many promotions. These promotions and offers are great for saving on your precious metals IRA and enhance your returns.
Goldco updates these promotions regularly. Hence, it’s beneficial to keep a close eye on these offers.
If you find their offer attractive, it’s best to act on it immediately.
At the time of writing this Goldco review, they are offering 10% back in free silver on qualified purchases. So, for example, if you start a precious metals IRA with them with $50,000, you will get $5.000 in free silver.
The company is not charging any shipping fees as well.
Not many precious metals dealers offer such lucrative deals so it’s surely a great highlight.
Free Retirement Savings Kit:
Goldco offers a free retirement savings kit to new consumers. All you have to do to get this free savings kit is to sign up on their website.
The website asks you for your contact details and then, the company mails the retirement savings kit to you for free.
There are no shipping or mailing costs associated with this kit as well.
In their retirement savings kit, you will learn about how precious metals give you full control and how you can grow your retirement.
Also, it will show you the 3-step tax-free process to invest in precious metals.
The kit offers a written, video and audio guide. Goldco claims that you will receive this free kit within 2-3 days of the order confirmation.
It can be a helpful resource for many consumers who are new to precious metals and alternative investments.
The Very Active Goldco Blog:
On their website, Goldco runs a rather active and helpful blog. It covers the latest industry insights and their impact on personal wealth.
As a part of their effort towards client education, Goldco has published many articles on precious metals, the global economy, personal finance and other relevant topics.
At the time of writing this Goldco review, some of the topics they have covered on the blog are “Gold Price Rises as International Events Take Center Stage”, “Who is a Gold IRA For” and “Getting Started with Gold and Silver: Glossary”.
Certainly, it’s a good place to keep in touch with news related to gold and silver.
Also, they have added a long list of FAQs on their IRA pages to clear the doubts of prospective investors.
Apart from these articles, you can find videos, charts and research reports sharing vital information on gold and silver. Surely, the company is committed towards informing consumers and helping them make the right decisions when it comes to personal finance.
There aren’t many precious metals dealers which have received celebrity endorsements. Among them, only Goldco is the one which has an endorsement from American icon Chuck Norris.
Chuck Norris says that the only trustworthy company he recommends for gold and silver is Goldco.
He isn’t the only celebrity who endorses this LA-based bullion dealer.
Another celebrity who endorses this firm is Fox News’ Sean Hannity. Both Chuck Norris and Sean Hannity are notable personalities. Getting their endorsements certainly boosts the credibility and authenticity of Goldco’s brand.
Goldco Reviews and Complaints: What Their Clients Say
Before investing with any precious metals dealer, it’s best to check their online reviews. Going through their reviews will help you understand what most of their customers think of them and whether they are worth your money or not.
There are 1000+ Goldco reviews available online and most of them are overwhelmingly positive. The company has received positive reviews on multiple third-party review platforms including BBB, Trustpilot and ConsumerAffairs.
Below is a more platform-specific breakdown of Goldco reviews:
The Goldco BBB profile has an A+ rating, which is the highest rating possible on the platform. Moreover, the company has a 4.83 out of 5-stars rating according to nearly 400 customer reviews.
Most customer reviews on BBB praise the smooth buying experience and how the company’s staff assists them with the investing process.
For example, Mylinda says that her entire experience with this company was wonderful. She says that the staff was very helpful and easy to work with. Mylinda thanks the team at Goldco for helping her secure her retirement funds.
Similarly, Robert shares that he has made three transfers from his IRA to a gold IRA. On each transfer, he received valuable assistance from Goldco’s representatives. The company answered all of his questions.
There are hundreds of such reviews on the Goldco BBB page.
The Goldco Trustpilot page shows that the company has received 800+ reviews and 91% of those reviews give them a 5 out of 5-star rating.
Hence, the company enjoys a near-perfect rating of 4.8 out of 5-stars. Trustpilot rates the company as “Excellent”.
Here, the reviews praise the company’s professionalism and helpful approach towards gold IRA and rollovers.
For example, Albert Hendricks says that the representatives he worked with while opening his Goldco IRA were extremely helpful. They showed a very high level of professionalism and expertise during their interactions, according to Albert.
Also, he says that the representatives kept doing follow ups and informed him on all transactions he had with the IRA company. He ends his review by saying, “My sincere thanks to the team…”
Another happy reviewer is Barry Brock who gave the company 5/5 stars. He says that he chose the company on a whim and is glad he did.
Barry was looking to rollover some of his 401(k) into a precious metals IRA and worked with a representative to achieve the same. According to Barry, the experience was pleasant and painless.
Additional Goldco Reviews and Ratings:
Apart from BBB and Trustpilot, you can find many Goldco reviews on other third party platforms. These include ConsumerAffairs, TrustLink and BCA.
On ConsumerAffairs, the company has a 4.8 out of 5-stars rating based on 1000+ reviews.
Like the other platforms, reviewers here write praises about the company’s quality customer service and knowledgeable support.
On TrustLink, the company has received just over 250 reviews and all of them give the firm a perfect 5 out of 5 score.
Similarly, the company has an AAA rating on Business Consumer Alliance. The AAA rating is the highest possible rating a business can get on BCA. There, the company has been a member of the firm since 2011.
Are There Any Goldco Complaints? Should You be Concerned About Them?
I found a few Goldco complaints however they were not about the company’s customer service or products. Instead, it seems the company pursues aggressive sales tactics as there were several Goldco complaints about receiving unsolicited calls from its representatives.
SHowever, it’s worth noting that the company responds to each and every complaint it receives on different platforms. For example, the following person had complained that he gets calls from the company even though he is not interested in their services. The company resolved the issue within a short time and the client accepted the solution:
Surely, the company has its flaws but its customer support is quite active. If you encounter any problems, you can be sure that their support will try its best to resolve the same.
Is Goldco Legit?
Yes, Goldco is a legitimate gold dealer. The company has received over a thousand 5-star reviews across different platforms. Furthermore, they have received stellar ratings on multiple platforms such as a AAA rating on BCA and an A+ rating on BBB.
Such a high rating on different platforms showcases the commitment of Goldco towards customer satisfaction.
Moreover, the company has a large selection of gold and silver IRA products. They offer both IRA and non-IRA precious metals to their customers so they can have more freedom while choosing their investments.
According to numerous Goldco reviews, the company is extremely professional and assists its customers in every step of the way. They have been in the industry for over 15 years and such vast experience adds to their credibility.
However, the company does have its flaws. For example, there are several Goldco complaints about unsolicited calls. Furthermore, the company doesn’t share any pricing details on its website.
To learn about Goldco pricing, you would need to contact their representatives.
Their impressive collection of gold and silver products coupled with their strong reputation helps make them stand out from the rest of the competition.
Moreover, if you’re interested in crypto IRA, you can go with their sister company, CoinIRA. They offer an entirely different catalog consisting of various cryptocurrencies.
Should You Invest with Goldco?
The competitive fees and overwhelmingly positive reviews suggest Goldco can be a great fit for many investors.
They offer a free investment kit and have a detailed blog so if you’re a new investor, you can use these resources to get a better understanding of precious metals investments.
Furthermore, there are various products to choose from for your gold IRA. Most of their reviews praise the company’s seamless processes and how the staff helps you throughout the setup.
The company guarantees customer satisfaction but the lack of platinum and palladium products might deter some investors.
On top of that, the IRA company runs many promotions regularly which can give you a significant boost in savings. Currently, their offer lets you get free silver worth 10% of your Goldco IRA.
The company guarantees customer satisfaction and the various Goldco reviews reflect the same.
Still, the lack of pricing details and the several Goldco complaints present on BBB might deter some investors. Also, they don’t have any platinum or palladium products which prevents you from diversifying your portfolio further.
Opening a gold IRA can help you hedge against inflation and save your fortune from burning up in an economic downturn.
Precious metals have proven time and again that they are a reliable investment when it comes to saving long-term wealth. However, many investors are afraid of starting a gold IRA simply because they are not familiar with the industry.
In that regard, Goldco can be a good fit for investors. Its 1000+ positive reviews praise the helpful and cooperating staff of this company. On top of that, their free resources help you get a better idea of precious metals IRA.
I suggest you consult a retirement advisor before you invest with any IRA firm. Moreover, it would be best if you check out a few options before going with a specific gold IRA provider.
You can check out the best gold IRA companies of 2022 on IRAEmpire. Alternatively, if you’re a client of Goldco or have experience in dealing with them, you can share your experience below.