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.
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Best Choice
AT A GLANCE
- Best Overall Precious Metals Company
- Exceptional customer service
- Low yearly fees
- Outstanding customer reviews
Overall RI Rating
5.0/5
A+ BBB Rating
Average review rating 4.9/5 on TrustPilot
Disclosure: The owners of this website may be paid to recommend Goldco. The content on this website, including the positive review of Goldco may not be independent or neutral.
Pros & Cons
Pros
Cons
Are you looking for a way to shield your investments from runaway government spending and a volatile stock market?
If so, have you considered investing in precious metals? Unlike stocks, bonds, and mutual funds that are all tied to the dollar, precious metals stand on their own.
When the stock market tanks, the price of gold and silver isn’t affected. In fact, it often rises during these times.
If you’re looking for a tried and true investment that can provide stability to your portfolio, consider a company like Goldco, which specializes in helping you identify which precious metals are right for you.
Quick Summary
Account Minimum: $25,000
Fees: $175-$225/yr
Promotion: 5% back on metals over $50k
About Goldco
Goldco Precious Metals, also known as Goldco, is a full-service precious metals firm. It specializes in gold and silver IRAs but also sells precious metals directly to customers.
Since its start in 2006, the company has helped thousands of people diversify, grow, and protect their wealth with physical metals like gold, silver, platinum, and palladium.
The company prides itself on excellent customer support and is known among the investing community for its superior service and top-notch educational resources.
Trevor Gerszt founded Goldco and it’s headquartered in Woodland Hills, California. Inc. Magazine named it the third fastest-growing financial services company in the US in 2015.
And the Los Angeles Business Journal named it the 17th fastest-growing company in the greater Los Angeles Area.
Goldco’s mission is to help Americans protect their retirement accounts from stock market volatility and inflation through the use of precious metals.
Services
Goldco offers two major services: precious metal IRAs and direct purchases. If cryptocurrencies are more your thing, they have a sister company for that.
Precious Metal IRA's
As long as you have earned income and are under age 70½, you’re eligible for a traditional IRA. Goldco offers gold IRAs, silver IRAs, or a combination of both.
Per IRS regulations, Goldco stores IRA precious metals in a third-party, state-of-the-art vault. It uses Equity Trust Company as its preferred IRA custodian.
Non-IRA Precious Metals
Any investor can buy precious metals through the company. You don’t have to be a certain age or have earned income.
When you buy precious metals outright, you can either keep them in a secure vault or have them delivered to your home—whichever you prefer.
Cryptocurrency IRA's
Goldco has a sister company, CoinIRA, which offers cryptocurrency IRAs for investors interested in digital currencies.
The chart above shows the four types of investments available to Goldco customers.
Why Precious Metals?
Think back to the 2008 Great Recession.
Do you remember how devastating it was for millions of investors? So many people lost it all… and they’re still experiencing the sting from those events now, over a decade later.
If you’re looking to hedge against the next economic downturn, precious metals can provide the stability and protection you’re looking for.
Historically, precious metals move in the opposite direction of traditional securities like stocks, bonds, and mutual funds. When the stock market goes down, the price of gold and silver tends to rise.
Fees & Minimums
The company uses an "as low as" fee model that aims to save you as much money as possible. The tables below break down fees for Goldco precious metal IRAs and non-IRA transactions.
Goldco Fees For Precious Metal IRAs
One-Time Fees: | Price: |
Set-up fee for IRA | $50 |
Wire fee | $30 |
Annual Fees: | Price: |
Maintenance fee | $80 |
Storage fee | $100 for non-segregated or $150 for segregated |
Precious metal IRAs start out at $260 a year.
If you want an IRA with non-segregated storage (Goldco’s preferred method), it’ll cost $260 your first year and $180 every year after that.
If you want an IRA with segregated storage, it’s $50 more. You’ll pay $310 the first year and $230 in the following years.Goldco Fees For Non-IRA Transactions
One-time set-up fees | $0 |
Annual maintenance fees | $0 |
Storage fees | $0 |
That’s right… there are zero fees for non-IRA transactions. (It doesn’t get any better than that.)
Investment Minimums
Wondering how much money you need to invest with Goldco? The chart below lists fees for IRA and non-IRA transactions:
Goldco Investment Minimums
Precious Metal IRAs | $20,000 to $25,000 |
Non-IRA Transactions | $3,500 |
Who is Goldco Best For?
Goldco is a great choice for many types of investors, including those who:
- Want to own physical investments. Unlike companies that could go under at any moment, precious metals will be around forever. If you want a tangible item in your portfolio that will never go out of style, precious metals may be a good choice.
- Want to protect their wealth from stock market volatility. If the stock market makes you a little queasy, minimize your risk with precious metals—which tend to move in the opposite direction of traditional securities. When the market is tanking, gold and silver can help you ride out the cycle until things start to swing back up.
- Are nearing retirement and fear another financial crisis. Could you live a comfortable retirement lifestyle if another financial crisis hits like the one in 2008? If you’re retired or are nearing retirement, precious metals add stability when you need it most.
Request your FREE Investors Guide and your FREE Silver Coin
What Do Customers Say About Goldco?
Goldco’s customer reviews are phenomenal. As of December 2019, the company has nearly 500 reviews on TrustPilot with a 4.9 out of 5-star rating.
It’s earned an A+ with the Better Business Bureau (BBB) and has a perfect 5 out of 5-star customer rating based on five reviews. If you hop over to TrustLink, the story is the same. Goldco has 240 reviews with another 5 out of 5-star rating.
The screenshot below shows some of their latest reviews.
One thing is abundantly clear… customers rave about Goldco’s IRA Specialists.
Several reviews mention team members by name saying they are “very friendly, knowledgeable and treat you with respect. Ask any question and you will get an answer.”
Customers love that you get a dedicated IRA Specialist who works directly with your old IRA custodian to get your funds rolled over.
You don’t have to do it yourself. Once your account is set up, your specialist even exchanges some of your paper-backed assets for physical ones.
Many customers claim the Goldco team makes the entire process “pleasant and seamless.” Other reviews say they’re “easy to reach by phone” and always answer every question in detail.
Simply put, the company offers unmatched customer service—especially in the IRA rollover process—and its one reason why customers are proud to be apart of the Goldco family.
What Makes Goldco Unique?
Goldco has a ton of unique perks that make it an attractive option for many investors. Let’s take a look at 7 reasons why you should invest with this company.
Special Offers For New Customers
Goldco has two special offers for new customers:
- Get all fees waived your first year when you open an account with at least $50k.
- Earn 5% back in free metals when you place a qualified order over $50k.
So, if you open an account with exactly $50,000, you could save up to $320 in fees and receive $2,500 worth of free metals depending on which ones you buy.
White-Glove Customer Service
Stellar customer service is Goldco’s number one priority.
Whether you’re opening an IRA or purchasing metals straight-out, the company goes above and beyond to make sure each customer is completely satisfied.
It resolves every issue immediately. It never pushes a sale on you. And you can be sure you’re getting the best bang for your buck with their low-cost model.
Low Fees
Goldco’s low fee model keeps more money where it belongs—in your pocket. For precious metal IRAs, you’ll pay as low as $260 your first year, then $180 every year after that.
For non-IRA transactions, you pay $0 in fees. That’s right. Zero, zilch, nada. They’ll even store your precious metals for free (an impressive perk not offered by most providers).
IRA & 401(k) Rollovers
If you have an existing retirement plan, Goldco makes the rollover process quick and painless.
The process looks like this:
- You open a new Goldco Precious Metals IRA
- Your Goldco specialist helps you fund your account with your old IRA
- Once the money transfers, your specialist helps you select precious metals that suit your goals and needs.
- Your IRA Specialist guides you through every step of the rollover process, which typically takes about 10 business days.
Buyback Program
Ready to sell your precious metals?
Goldco will happily buy them back from you.
This is good news for investors as you’ll likely receive a higher price than you would from a random coin dealer who’s known for lowballing offers.
You’re not required to sell your metals back to Goldco, but you’ll save yourself a headache and likely get a better deal than you would elsewhere.
Extensive Educational Resources
Goldco has an extensive education center on its website, which aims to keep investors informed on precious metals and IRAs.
It has an in-depth blog that covers a range of topics, including recessions, trade wars, the debt bubble, and more.
There are several ebooks you can download, including The American IRA and 401(k) Crisis, 10 Reasons Why The Dollar Will Crash, and a 12-page gold IRA investment guide.
If videos are more your thing, Goldco has a comprehensive list that dives into topics like retirement threats, dollar fluctuation, stock market crashes, the oil crisis, and more.
You can view live price trackers for gold, silver, platinum, and palladium directly on its website. And as always, customer support is happy to help you answer any questions or concerns you may have.
State of the Art Storage Options
Due to IRS regulations, you must store your IRA precious metals at an approved third-party depository.
Goldco uses the top storage providers in the industry to keep your precious metals safe. Each one uses state of the art security and technology.
What Precious Metal Storage Providers Does Goldco Use?
Storage providers | Storage type | Annual storage cost |
Delaware Depository (preferred) | Non-segregated | $100 |
Brinks Salt Lake City | Non-segregated | $100 |
IDS Texas | Segregated | $100 |
By default, Goldco stores your precious metals at Delaware Depository. This renowned depository has over 200 years of experience in precious metals, state-of-the-art security systems, and Class 3 vaults.
But you can request another storage facility if you’d like to keep your precious metals somewhere else.
How To Get Started With Goldco
Here’s a sneak peek into the entire Goldco process—from the initial contact phase to the IRA rollover finalization.
Call a customer support representative at 877-360-0011 to kick off the account setup process.
If you decide to move forward, the customer support rep will either transfer you to an IRA Specialist.
Or, you’ll set an appointment to talk at a later time.
During your second phone call, the IRA Specialist will gather all the information they need to complete your application, establish your account, and transfer funds.
Once you fund your account, you’ll speak with an Account Executive who will help you choose precious metals to put in your IRA.
That’s it!
If Goldco has your metals in stock, they’ll transfer them to your chosen depository within a few business days. If they’re not in stock, they’ll show up within three to four weeks.
Ready to get started now?How Do I Contact Goldco Customer Service?
If you have any questions or run into any snags during the account setup process, there are several ways you can reach out to customer service:
- Live chat. Start a live chat at any time straight from Goldco’s website.
- Phone. Call 877-360-0011 Monday through Thursday from 8 a.m. to 5 p.m. PT and Fridays from 7 a.m. to 4 p.m. PT.
- Email. Send an email to info@goldco.com
Should You Invest with Goldco?
If you’re ready to invest in precious metals—whether it be through an IRA or a direct purchase—Goldco may be a good fit for you.
This customer-centric company is laser-focused on serving its investors. This is evident through its stellar customer service, seamless account setup process, low fees, and educational resources.
IRA investors get direct access to a specialist who takes care of the entire rollover process. Non-IRA investors get assigned an account executive who makes sure you receive your precious metals on time.
Whether you want to beef up your retirement savings with precious metals or buy them directly, you can’t go wrong with Goldco.
Have questions we didn’t answer in this Goldco review? Drop them in the comments below.
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.
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I’m Cassidy Horton, a personal finance freelance copywriter. I craft action-worthy content for financial services companies. My #1 goal is helping people break the paycheck-to-paycheck cycle and experience financial freedom.