With over a decade of experience helping customers diversify their retirement savings with precious metals, Goldco has earned a reputation as one of the most trusted gold IRA companies.
A Complete Overview of Goldco
Founded in 2006, Goldco is a private company headquartered in Los Angeles, California. Goldco specializes in two key services:
- Precious Metals IRAs – Goldco handles rollovers or transfers of existing IRAs into self-directed gold IRAs to diversify retirements with physical metals.
- Direct Sales – For non-IRA customers, Goldco offers direct purchases of gold, silver, platinum and palladium coins and bars which can be delivered or stored.
Unlike some gold IRA firms, Goldco’s philosophy is to focus on long-term wealth preservation rather than risky speculations. The company aims to educate clients on protecting their finances by physically owning gold and silver.
Over the past 15+ years alongside the growing popularity of alternative investments, Goldco has expanded to serve over 15,000 satisfied clients. The company manages over $1 billion in retirement account assets.
Goldco’s Reputation – Why You Can Trust Them
When researching any gold IRA company, it’s crucial to vet their reputation and track record before entrusting them with your retirement savings. Goldco stands out as one of the most credible and highly-rated firms in the industry:
- A+ Rating from the Better Business Bureau – Goldco has maintained this top rating for over 10 years running. Even more impressive, they have zero customer complaints filed with the BBB over the past 3 years, reflecting their dedication to ethics and service.
- AAA Rating from the Business Consumer Alliance – After extensive vetting, the BCA gave Goldco their highest possible rating.
- 5 Star Rating on TrustLink – In over 200 verified reviews on TrustLink, 97% of Goldco customers rated their experience 5 stars, leading to an “Excellent” rating.
- Nearly 5 star average across 1,000+ reviews on sites like TrustPilot, Consumer Affairs, Google and more – Out of 1,500+ customer reviews aggregated across various ratings platforms, Goldco maintains a 4.9 out of 5 star average rating.
- Endorsements from celebrities like Chuck Norris, Sean Hannity and Ben Stein – Their willingness to put their name behind Goldco is a testament to the company’s honesty and integrity.
This pristine reputation gives customers peace of mind that Goldco will uphold the highest ethical and quality standards. The company’s stellar track record demonstrates their commitment to transparency and putting the customer first.
Goldco’s Streamlined Gold IRA Rollover Process
One of Goldco’s most popular services is establishing Precious Metals IRAs. The benefits of a Gold IRA include:
- Diversification beyond stocks, bonds and cash
- Tax advantages – grow your account tax deferred
- Inflation protection since gold often rises with inflation
- Portfolio stability from tangible hard assets
- Optional secure storage outside the banking system
- Strong long-term performance – gold has averaged 10%+ annual returns over the past 20 years
Goldco simplifies the process for getting started with a Gold IRA through their streamlined 4 step approach:
Step 1: Open Your Account
You can begin by filling out an account application online. This provides your contact information and details about the existing IRA or qualified retirement account you wish to transfer to precious metals.
Opening an account is free and does not obligate you to complete the rollover if you change your mind. The application mostly just establishes you as a Goldco client to get the process started.
Step 2: Fund Your Account
Next, you’ll fund your account so there are assets available to execute your precious metals purchases. Goldco’s IRA specialists can walk you through two options:
- Transferring your existing IRA – Goldco will handle contacting your current custodian and facilitating the direct rollover of funds into your new Precious Metals IRA. This is typically the preferred route.
- Direct contribution – You can also fund your account with a personal check or wire transfer if you want to contribute outside dollars into your IRA.
Goldco has partnered with reputable IRA custodians like Equity Trust Company and STRATA Trust Company to hold and administer your account once funded.
Step 3: Select Your Metals
Now comes the exciting part – choosing your specific gold and silver coins or bars! You’ll consult with your Goldco specialist to hand pick which precious metal products fit your investment goals and risk tolerance.
Goldco offers a wide array of IRS-approved coins and bars from global mints like the US, Canada, Australia and more. Some popular selections include:
- Gold American Eagles
- Canadian Gold Maple Leafs
- Silver American Eagles
- Silver Canadian Maples
- Gold bars from PAMP Suisse
- Platinum American Eagles
Your Goldco agent can explain the pros and cons of each option to identify the ideal asset allocation tailored for you. Their guidance helps ensure your Precious Metals IRA is optimized to your needs.
Step 4: Purchase and Storage
With your desired metals chosen, Goldco will place the trade order on your behalf and secure delivery. This process happens seamlessly behind the scenes.
Your purchased gold and silver can either ship directly to your personal address or be stored at one of Goldco’s partner depository facilities like Delaware Depository and Brinks. Storing your metals at a secure, insured IRS-approved depository removes the risks and hassles associated with personal home storage.
Throughout the entire rollover process, you’ll have the dedicated support of your Goldco specialist to answer questions and help guide your transition. Their white glove customer service aims to make the logistics as smooth as possible for clients.
Goldco’s Fair and Transparent Fee Structure
When researching Gold IRA companies, it’s important to pay close attention to their fee structure. Some firms lure in customers with low upfront pricing only to hit them with hefty recurring fees or hidden charges down the line. Others markup their metals prices significantly beyond the base cost of gold.
Goldco stands out with their fair, competitive and transparent pricing model. Here is an overview of what to expect:
Goldco’s IRA Fees
For Precious Metals IRAs, you will pay account fees to both Goldco and your third-party custodian:
- Goldco’s fees – One-time setup fee of $50. Wire transfer fee of $30. No recurring account management or admin fees.
- Custodian fees – Around $100 for account setup. $80 per year for metals storage. $100-$175 in annual maintenance/administrative fees.
With Goldco’s IRA pricing, they do not charge any sales commissions, buy/sell spreads or percentage-based fees on the gold and silver itself. You pay the exact wholesale costs that Goldco pays their suppliers. This ensures fully transparent pricing.
Direct Purchases of Metals
For non-IRA precious metals transactions, Goldco also maintains fair transparent policies around pricing and fees:
- No price markups – You only pay Goldco’s wholesale cost basis on coins and bars with no middleman premiums.
- $50 setup fee per transaction
- $25-$35 shipping fee unless requesting free depository storage
- Optional storage fees from $100-$150 per year if leveraging Goldco’s secure vault partners.
Overall, Goldco focuses on eliminating any management fees, sales commissions or spreads to keep costs as low as possible compared to some competitors. At most, you will pay small, predictable flat fees for setup, shipping and optional storage.
This combination of competitive pricing, stellar customer service and access to a wide inventory makes Goldco a compelling partner for precious metals IRAs or direct purchases.
Gold and Silver Products Available from Goldco
One benefit of working with veteran precious metals experts like Goldco is that they provide access to a vast array of gold, silver, platinum and palladium coins and bars.
Their trading desk has connections to source bullion from mints around the globe. And even better – they can obtain many limited or collector grade products that are typically unavailable to average investors trying to buy metals on their own.
Here is an overview of the diverse selection of new and vintage precious metal coins and bars available from Goldco:
- American Gold Eagles – Iconic 22k coins from the US Mint in sizes from 1 oz to 1/10 oz
- American Gold Buffalo – 24k gold coins also struck by the US Mint
- South African Krugerrands – One of the most widely traded gold coins
- Canadian Gold Maple Leafs – .9999 pure gold coins from the Royal Canadian Mint
- Gold bars – From 1 gram to 100 oz sizes, various mints
- Rare and collectible gold coins – Higher premium coins from mints worldwide
- Silver American Eagles – Most popular silver coin, 1 troy oz size
- Canadian Silver Maple Leafs – Well known for beauty and purity
- 90% silver coins (Junk Silver) – Pre-1965 US dimes, quarters, half dollars
- Silver bars – Low premium 1 oz, 10 oz, and kilogram sizes
- Silver rounds – Privately minted 1 oz coins from mints like Sunshine Minting
Platinum and Palladium Bullion
- American Platinum Eagles – 1 oz investment-grade platinum coins
- Canadian Platinum Maple Leafs – 1 oz coins also from the Royal Canadian Mint
- Platinum bars – Various weights from major bullion suppliers
- Palladium bars and coins – Typically in 1 oz size
And beyond these common products, Goldco has connections to secure rare collectible coins like the famous Saint-Gauden Double Eagle $20 gold piece and limited edition proof coin sets from the US Mint.
Working with an established firm like Goldco gives investors convenient access to the full spectrum of precious metals products in one place. You can even request a free investor kit to browse their latest catalog and pricing.
What Do Customers Say in Goldco Reviews?
With testimonials and reviews being so influential for today’s consumers, we wanted to highlight ample direct feedback shared by Goldco clients:
“I worked with Nathan W. to set up my Gold IRA transfer from another investment company. The process was smooth and stress-free. Nathan made sure I understood each step along the way. I would recommend Goldco to anyone looking to invest in precious metals.” – Robert S.
“Goldco made it super easy to purchase silver coins and transfer them into a self-directed IRA. I appreciate their one-on-one support during the whole process. The pricing was fair, and my questions were always answered quickly. Overall a great experience.” – Angela P.
“Hands down the best gold & silver IRA company I’ve found after doing 2 years of research. Not pushy salespeople. Just honest info and amazing service. I feel very comfortable having Goldco as a partner protecting my hard-earned savings.” – Pedro R.
“Goldco provided the best overall package in terms of pricing, selection and customer service. I recently did a rollover to diversify into metals and couldn’t be happier with their support team’s guidance and expertise. They made the process really smooth and understandable.” – Miranda S.
As you can see, most reviews highlight Goldco’s strong emphasis on education, personal support and making precious metals investing accessible. Many clients comment on the smooth, stress-free experiences they had with their dedicated Goldco specialist guiding them from account opening through purchase and storage.
In the spirit of full transparency, we also want to highlight some constructive critical feedback shared by customers:
“My only complaint with Goldco is their inventory seems catered towards rare collector coins with high premiums over the melt value of the metal. If you just want basic bullion/bars for the cheapest price per ounce, I would shop elsewhere.” – Kyle R.
“Overall good experience, but I wish Goldco was more flexible on their storage requirements. You need to use their approved places; you can’t pick your own storage. They say it’s for security reasons.” – James S.
“No major complaints but the initial forms and paperwork process was a bit of a headache. I also felt mildly pressured into storing at their facility instead of taking personal delivery.” – Robin K.
The most common downsides mentioned are higher premiums on some collector coins, lack of home storage options for IRAs, and slightly pushy sales tactics around storage. However, these issues seem relatively minor given Goldco’s overwhelmingly positive feedback (4.8+/5 stars on average).
Does Goldco Offer Ongoing Education?
Unlike dealers who provide little guidance beyond the sale, Goldco makes education a priority so clients feel empowered in their financial decisions.
Goldco’s educational resources include:
- Informative Website – Goldco’s website has an entire section dedicated to news and education. You’ll find in-depth articles covering topics like the economy, Federal Reserve policy, the national debt, geopolitics, and more. Their insights help investors make informed choices.
- Gold IRA Guide – For those interested in a Precious Metals IRA, Goldco offers a comprehensive guide explaining the process from start to finish including funding options, IRS rules, distribution planning, tax benefits, and more.
- Gold Newsletter – Clients can sign up to receive Goldco’s monthly newsletter The Gold Standard. It provides market commentary and expert insights on investing strategies.
- Knowledgeable Staff – Perhaps most valuable is the chance to learn from Goldco’s team of precious metals specialists who have extensive training in Bullion and Numismatics. Their expertise helps investors avoid common pitfalls.
Goldco’s educational focus demonstrates their dedication to helping clients make wise investment decisions through meaningful engagement and information sharing.
Should You Choose Goldco for Precious Metals?
For investors interested in diversifying their assets with physical precious metals, Goldco emerges as one of the top choices thanks to:
- Trusted Reputation – Over 10 years in business with flawless ratings show that Goldco operates with integrity.
- Smooth Rollover Service – They remove the logistical headache of executing a Gold IRA transfer or rollover.
- Fair Pricing – Low fees and transparent coin/bar pricing provides value compared to some competitors.
- Ideal for New Investors – The knowledge you gain from Goldco gives first-time buyers peace of mind.
- Ongoing Support – Many positive reviews highlight the responsive support from Goldco’s team over the long run.
- Broad Selection – With access to a huge range of coins, bars, and metals, Goldco can meet diverse investing needs.
The only potential downside is that Goldco specializes more in collectible numismatic coins, which carry higher premiums than basic bullion products from some other dealers. However, they offer plenty of lower-cost options as well.
Overall, Goldco delivers an exceptional blend of service, education, and access to precious metals. Their stellar reputation and passion for informing investors makes them a leader in the industry. We highly recommend considering Goldco for your precious metals needs.
Answers to Common Goldco Questions
Below we provide answers to some frequently asked questions about Goldco and its offerings:
Does Goldco offer palladium and platinum products?
Yes. Alongside gold and silver, clients can purchase physical palladium and platinum coins and bars through Goldco. Their offerings include popular platinum American Eagles and Canadian Maple Leafs. Palladium is typically acquired in bar form directly from reputable mints.
Is Goldco legit and trustworthy?
Without question. Goldco is fully transparent and licensed to buy/sell precious metals in all 50 states. They have consistently maintained an A+ Better Business Bureau rating for over 10 years since founding in 2006. Their sterling reputation gives clients peace of mind.
What is Goldco’s BBB rating?
Goldco currently holds a flawless A+ rating from the Better Business Bureau. Even more impressive, they have zero complaints filed against their business with the BBB over the past several years, reflecting exceptional customer service.
Does Goldco buy back metals?
Yes, Goldco allows clients to sell back their precious metals originally purchased through Goldco. Their buyback program offers a convenient way to liquidate your holdings if ever needed. Keep in mind you may receive slightly less than the full spot price when selling back to dealers.
What are Goldco’s fees?
For IRAs, Goldco charges a one-time $50 setup fee and $30 wire transfer fee. Custodians charge around $100 for setup, $80/year storage, and $100-$175 annual maintenance. For direct purchases, Goldco charges the exact wholesale cost of metals, plus $50 transaction setup and shipping fees.
Does Goldco offer home storage?
Unfortunately, Goldco does not allow home storage as an option for Precious Metals IRAs, which must be stored in IRS-approved facilities. For direct purchases outside an IRA, clients can opt to take physical delivery and store metals themselves at home if desired.
How much does Goldco charge above the spot price?
One benefit of Goldco is they do not mark up coin and bar prices, unlike some dealers seeking to profit. For basic bullion, you only pay the spot price plus any manufacturing premiums charged by mints. For certified collector coins, there are naturally higher premiums based on market demand.
Does Goldco offer mining stocks or ETFs?
No. Goldco focuses exclusively on physical possession of gold, silver, platinum and palladium. They do not offer paper derivatives, ETFs, mining stocks, certificates or futures contracts. This ensures true asset protection outside the financial system.
How long has Goldco been in business?
Goldco was founded in 2006 by precious metals experts looking to better serve individual investors. The company has grown steadily over the past 15+ years alongside rising demand for gold IRAs and alternative assets to diversify away from volatile stocks and bonds.
Who is Goldco appropriate for?
Goldco’s offerings are ideal for individual investors who want convenient access to physical precious metals. This includes:
- Retirees seeking to diversify IRAs with hard assets
- First-time buyers wanting trusted guidance
- Savers worried about market volatility and inflation
- Stackers looking for a stable supplier of coins/bars
- Sophisticated investors interested in rare collector coins
Goldco caters to those focused on owning physical metals rather than paper contracts or certificates.
What is Goldco’s recommended minimum investment?
Goldco does not impose any minimum investments to work with them. Because certain coins/bars carry higher premiums, they recommend at least $25k to optimize value. However, they will work with any client budget. Even buying 1/10 oz of gold through Goldco gets you better pricing and service than going direct to mints.
Are there any Goldco complaints or negative reviews?
Overall complaints about Goldco are very rare based on third-party review sites. As noted earlier, the most common critique is around some coins having high premiums. A few clients also note slightly pushy sales tactics around storage. But the vast majority of thousands of reviews are overwhelmingly positive.
Does Goldco have an app or mobile site?
At this time Goldco does not offer a specialized mobile app. However, their website is mobile-friendly, allowing you to conveniently access information, check prices and complete transactions from a smartphone or tablet. You can also call or email their support team directly any time from a mobile device.
How long does funding a Goldco IRA take?
Once initiated, IRA transfers or rollovers can take 4-6 weeks depending on your current custodian. Fidelity and Vanguard tend to be relatively quick while some legacy pension providers are slower. You can expedite the process by following up with your current administrator. Goldco has dedicated transfer agents to ensure the process goes as smoothly as possible.
Can I use Goldco outside the United States?
While Goldco is based in the US, they are able to work with international clients to ship metals and provide their services globally. Keep in mind there may be restrictions in certain countries around owning or importing gold and silver. Goldco aims to be as accommodating as possible to legitimate global clientele interested in diversifying with US precious metals.
Does Goldco have any key distinctions from competitors?
A few factors that set Goldco apart include:
- Their focus on education and guiding clients as trusted partners, not just making the sale.
- Taking time to understand each client’s financial profile and goals to provide tailored recommendations.
- Willingness to source special collector coins and precious metals products outside the usual bullion offerings.
- No pressure sales tactics – letting the merits of precious metals investments speak for themselves.
- Prioritizing ethics and maintaining flawless ratings + endorsements to build client trust.
- The in-house team of metals specialists with deep industry expertise to answer any client question.
These qualities demonstrate Goldco’s commitment to being a trusted resource, not just another dealer. They want clients for life by adding value well beyond the initial sale.
We hope this extensive guide has provided a complete overview of Goldco’s offerings, practices, and reputation in the gold IRA space. Feel free to visit their website to request more information or get in touch with one of their precious metals specialists.