We have conducted extensive research and have determined that Goldco Precious Metals is a trustworthy investment option. Nevertheless, there are other companies in the market with better reviews and more affordable fees, which we will discuss in our in-depth review.
To see a list of the best companies in 2023 click the link below:
<< Click Here To Discover The Best Gold IRA Companies of 2023 >>
If you’re in a rush, here are our top 3 picks with some information about them:
#1 BEST OVERALL: Goldco
#2 BEST FOR HIGH NET WORTH INDIVIDUALS: Augusta Precious Metals
August Precious Metals Detailed Review
#3 BEST FOR INVESTMENTS UNDER $5000: Birch Gold Group
Birch Gold Group Detailed Review
When it comes to investing in gold and other precious metals, Goldco is a well-known name. But is this company a scam or can you trust them?
In this review, we will take an in-depth look at Goldco and see what their track record looks like. By the end of this article, you should have a good idea whether or not Goldco is the right choice for you.
Goldco Precious Metals Review
Goldco is well known as a trusted, experienced, and full-service precious metals firm. Goldco has been around since 2006 and is one of the top gold IRA companies on the market today. Goldco is a premier provider of gold and silver IRAs.
Founded by Trevor Gerszt, Goldco is based out of Woodland Hills, California. Goldco specializes in taking care of gold and silver IRA rollovers and offers their clients the opportunity to buy precious metals directly from them. Goldco works to protect, secure, and diversify the investments and wealth of their customers.
The company’s excellence has not gone unnoticed by various publications, with Inc. Magazine even naming them one of the three fastest-growing financial services companies in the U.S. in 2015 – a tremendous accomplishment surely worth celebrating.
To get a full grasp of Goldco Precious Metals, let’s look at their company vision.
Company Vision
When establishing Goldco, founder Matt Gerszt had a vision for providing clear and honest services for all clients, including novice investors. His belief was that a well-diversified investment portfolio should include physical assets such as gold and silver, which would provide an added layer of stability and safety from the effects of economic and political conditions.
Thus, Goldco’s core focus is on providing its customers with the security associated with precious metals investments. They offer several different products such as bullion bars, coins, and even other forms of rare metals that serve to offer a safe approach to investing.
This single mindedness towards offering pure gold and silver investments has enabled Goldco to become one of the most reliable names within this industry.
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Services Offered by Goldco
1. 401(k) Rollover:
Are you looking to roll over your 401(k)? Goldco offers professional assistance to get the process done quickly and easily.
Their experienced team can provide advice on how to best optimize your retirement investments with step-by-step guidance throughout the process.
Don’t let it become a complicated and time-consuming task; trust the experts at Goldco to help get you on your way to financial freedom.
2. Self Storage Gold IRA:
Goldco’s Self Storage Gold IRAs let you own physical gold without having to worry about its protection.
Clients can rest assured that their gold will be safely stored in a secure and reliable facility while offering the same tax advantages of a traditional IRA.
3. Precious Metals:
Goldco offers investors the opportunity to buy and sell precious metals, such as gold and silver at competitive rates, without the need to open a gold or silver IRA account.
This provides an array of flexible options for those seeking security in their investments due to precious metals’ time-tested ability to maintain value during financial downturns. With Goldco, individuals can expand their portfolio with the reliable addition of precious metals.
4. Bullion Coins and Bars:
Investing in gold bullion coins or bars at Goldco is an excellent way to diversify your portfolio with a long-term asset. With coins, they come in universal shapes and sizes and a variety of finishes.
Bars are an alternative choice, with sizes ranging from 1 gram to 400 ounces. Choose the option that best suits you as a savvy investor and enjoy the value on offers when purchasing precious metals with Goldco.
What is a Gold IRA?
A Gold IRA is a type of Individual Retirement Account (IRA) that is backed by physical pure gold coins or bullion. This means that instead of investing solely in the stock market and bonds, you can also invest in gold or other precious metals.
A gold IRA offers investors an avenue to benefit from pure gold and other precious metals while still getting the same tax advantages associated with an IRA retirement account.
Just like a traditional IRA or Roth IRA, gold or silver IRA accounts offer the same tax advantages, but they provide investors with an opportunity to invest in gold instead of stocks and bonds. SEP and SIMPLE IRAs also provide gold IRA options for those investors.
Additionally, existing retirement assets can be rolled over into gold IRAs. This allows them to benefit from any gains they may have made in stocks, but they maintain a level of stability by transferring that wealth into gold or other precious metals.
Why Invest in Gold IRA?
Gold IRA is becoming increasingly popular due to the increasing economic uncertainty as more investors are looking for ways to protect their wealth from inflation.
Gold IRA provides a tangible security that can be stored securely, whether through physical storage or transfer, without any risk of being stolen or devalued.
Moreover, investors are also eligible for tax-deferred growth when investing in a gold IRA account.
For those who want to take advantage of this option, Goldco offers the opportunity to open a Gold IRA account and invest in gold and silver coins, which makes it great for first-time investors and those with existing precious metals IRA accounts.
How to Open a Goldco Precious Metals IRA
One of Goldco’s most popular services is the opening and managing of precious metals IRAs. Investing in a precious metals IRA requires the gold and silver to meet certain guidelines, including purity standards set by government regulators.
Fortunately, Goldco makes it simple for you to guarantee that only approved gold and silver are purchased into your IRA.
The process for opening a Goldco Precious Metals IRA is simple and straightforward:
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Step 1: Open an Account
The first step in setting up a gold IRA with Goldco is to open an account with the company. This can be done by visiting the Goldco website and filling out the necessary paperwork.
Step 2: Fund Your Account
Once an account has been opened with Goldco, the next step is to fund it. Funds can be transferred from traditional IRAs or 401(k)s into a Goldco IRA free of charge.
Step 3: Buy Your Precious Metals
Once the IRA has been funded, you can then begin to purchase precious metals through Goldco. Goldco offers a wide selection of gold and silver coins as well as other types of investment-grade bullion.
Step 4: Storing Your Investments
After buying your precious metals IRA, you can then choose to store them in an approved third-party depository or have Goldco store your investments for you.
What Are Goldco’s Fees?
With Goldco’s flat fee model, you can invest in precious metals without having to worry about the percentages charged by traditional companies.
Although there is a minimum investment cost of $15,000, those with existing funds set aside for such investments shouldn’t find this too difficult.
For those seeking flexibility with fees, Goldco even offers frequent promotions to receive refunds from fees. By taking advantage of these promotions, anyone can feel more confident when considering gold as an investment.
Goldco’s Customer Feedback & Complaints
Goldco has consistently received stellar reviews from many 3rd party review sites, including its A+ rating from the Better Business Bureau.
Consumer reviews on the BBB site praise Goldco with an impressive 4.87 out of 5 stars, and any complaints filed have been dealt with thoughtfully by the company.
It also merited an AAA rating from Business Consumer Alliance, as well as impressive 4.8 out of 5 star ratings both at ConsumerAffairs and TrustLink. Reviews noted how responsive their service is to questions and how thorough and patient its specialists are.
It appears that Goldco is dedicated to providing its customers optimal services and will do whatever it takes to go above and beyond what’s expected.
Goldco Features
To best understand this Goldco Review, let’s explore the features that make Goldco stand out. Here are 7 of them.
Low fees
As mentioned before, Goldco offers a flat fee model which is great for investors who don’t want to pay high percentage fees every year.
Buyback Program
Goldco has a buyback program where you can get cash for gold or silver coins that you don’t want to keep. This is beneficial for those who are looking to liquidate their investments quickly.
Free Shipping and Insured Delivery
When it comes to the delivery of precious metals, Goldco offers free shipping and insured delivery, so you can be sure that your investment is safe and secure during transport.
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Wide Range of Products
Goldco offers a wide range of products. They offer gold coins, silver coins and bars, platinum coins, palladium coins, and other bullion products. So, whether you’re looking to diversify or just want to buy some gold or silver for yourself, Goldco has you covered.
Excellent Customer Service
The customer service team is also top notch. They are responsive and helpful when it comes to answering any questions you may have about investing in gold or silver.
Secure Storage Options
Goldco also offers secure storage options with a variety of custodians that can store your precious metals. They have a storage insurance program, so you can be sure your investments are well protected.
Ease of Use
Goldco’s website is easy to use and navigate. Whether you’re just starting out or a seasoned investor, the website makes it easy to find what you’re looking for.
Conclusion: Is Goldco Trustworthy?
With an impressive track record, quality customer service, and competitive prices, Goldco is a great option for those looking to invest in gold or silver. The company’s stellar reputation speaks volumes as they are trusted and reliable when it comes to precious metals investing.
They have many satisfied customers who can attest to the excellent service they have received from the company. Goldco is an A+ BBB accredited business which has been featured in prestigious publications, including Forbes and Money Magazine, which helps provide assurance that this company is legitimate.
Ultimately, Goldco offers low fees, secure storage options, and a buyback program making it an ideal choice for those who want to start investing in precious metals.
