goldco
Storage Fees
Min. Investment
Our Rating
Established
Goldco, founded in 2006 and based in Woodland Hills, California, has grown into one of the most well-known companies in the precious metals industry.
Specializing in gold and silver IRAs, Goldco helps investors protect their wealth by diversifying retirement savings with tangible assets. Customers can transfer or roll over existing retirement funds, such as 401(k)s and traditional IRAs, into precious metals-backed IRA.
For those interested in direct purchases, Goldco offers a variety of gold and silver coins and bars for personal investment.
Their Buyback Program ensures flexibility, allowing investors to sell their precious metals back at competitive market prices if they need liquidity.
- Strong Reputation & High Ratings
- Gold & Silver IRA Expertise
- Buyback Guarantee
- Secure Storage Partnerships
- High Minimum Investment
- Lack of Transparent Pricing
- No Online Account Dashboard
How long does it take to set up a Goldco IRA?
Setting up an IRA with Goldco typically takes 5 to 10 business days, depending on how quickly your current retirement account provider processes rollovers.
Does Goldco offer automatic investments or dollar-cost averaging?
No, Goldco does not offer automatic investment plans. Customers must make individual purchases when they choose to invest.
Can I withdraw physical gold from my Goldco IRA?
Yes, once you reach retirement age (59.5+), you can choose to take distributions in either cash or physical gold. However, taxes may apply based on your IRA type.
What happens if Goldco goes out of business?
Your gold and silver investments are stored in third-party, IRS-approved depositories, not with Goldco itself. Even if Goldco closes, your assets remain secure and accessible.
Products | Services | ||
|---|---|---|---|
Gold IRA Accounts | Transparent Pricing | ||
Silver IRA Accounts | Storage Options | ||
Direct Purchase | Free Shipping | ||
Buy Metals Online | International Shipping | ||
Physical Delivery | Mobile App | ||
Price Match Guarantee | Cryptocurrency Payment | ||
Buyback Guarantee | Live Chat |
Goldco's Strong Ratings & Customer Trust
It’s not always easy to find a gold broker you can trust.
Over the years, Goldco has earned a reputation for strong customer service with high ratings from platforms like BBB and Trustpilot:
Platform | Rating |
|---|---|
Trustpilot
| 4.8 (1,573 reviews) |
Better Business Bureau (BBB) | A+ | Accredited Since 2011 |
Consumer Affairs | 4.8 (1,688 reviews) |
Google Reviews | 4.9 (2,579 reviews) |
Positive reviews often highlight Goldco's exceptional customer service, emphasizing the professionalism and responsiveness of their representatives.
On the other hand, negative feedback occasionally centers on pricing concerns, with some clients feeling that certain products, like proof coins, are priced higher than expected.
Goldco Gold IRAs: A Secure Investment Choice
Goldco specializes in Gold IRAs, making it easier for investors to add physical gold to their retirement portfolios.
Goldco’s Gold IRA services cater to investors who want a tangible asset in their retirement plan. However, the minimum investment of $25,000 might be a barrier for smaller investors.
What Goldco Offers:
- Gold and Silver IRAs: Goldco allows investors to diversify their retirement savings with physical gold and silver.
- Rollover Services: They make it simple to transfer funds from traditional retirement accounts without tax penalties.
- Buyback Program: Goldco offers to buy back metals at competitive market prices if investors choose to sell.
- Secure Storage Options: Goldco works with IRS-approved depositories for safe storage of metals.
- Educational Support: Clients get access to guides, articles, and personal consultations to understand the benefits of gold investing.
Its specialization, expertise, and strong customer ratings make it one of the top choices for a Gold IRA.
Goldco’s Physical Gold Options: What You Can Buy
Goldco offers a selection of physical gold and silver products for investors who want to hold tangible assets. While the company primarily focuses on Gold and Silver IRAs, it also allows direct purchases of coins and bars.
However, unlike some competitors, Goldco does not offer platinum or palladium, limiting its product diversity.
Goldco’s selection is focused on high-demand, IRA-approved metals, including:
- Gold Bars (various sizes) – IRS-approved gold bars that offer a cost-effective way to invest in gold.
- Gold American Eagle – A popular U.S. government-backed coin, widely recognized and easy to liquidate.
- Gold American Buffalo – A 24-karat pure gold coin known for its high gold content and beautiful design.
- Silver Bars (various sizes) – A lower-premium option for those looking to invest in bulk silver.
- Silver Canadian Maple Leaf – A high-purity silver coin with advanced security features.
Where Does Goldco Store Your Precious Metals?
Goldco prioritizes the security of your precious metals investments by offering robust storage solutions through reputable depositories. Goldco collaborates with established custodians and depositories to ensure compliance and safety.
Key Storage Features:
- IRS-Approved Depositories: Goldco partners with depositories like the Delaware Depositors.
- Segregated and Non-Segregated Storage: Clients can choose between segregated storage, where individual assets are stored separately, and non-segregated (commingled) storage, where assets are stored alongside those of other investors.
- Direct Purchase Storage Options: For direct purchases outside of an IRA, Goldco offers guidance on secure storage solutions, whether through depositories or other secure methods
Goldco’s Fees: What You Need to Know
Goldco offers a transparent fee structure for its Precious Metals IRA services, ensuring clients are well-informed about associated costs.
Here's a summary of the fees:
Fee | Amount |
|---|---|
One-Time Account Setup | $50 |
Annual Account Maintenance | $80 |
Storage Fees | Non-Segregated: $100 | Segregated: $150 per year |
Minimum Investment | IRA: $25,000 |
Direct Purchase: $15,000 |
Storage fees vary based on the chosen depository and storage type.
Goldco’s Buyback Guarantee: Flexibility for Investors
Goldco provides a Buyback Guarantee, offering clients the assurance that they can sell their precious metals back to the company at the highest market price.
Key Aspects of Goldco's Buyback Program:
Guaranteed Highest Price: After holding the purchased metals for a minimum of three years, clients are assured that Goldco will buy them back at the highest available price.
Competitive Rates: Even before the three-year mark, Goldco offers buyback options at rates that reflect current market conditions, ensuring clients receive fair value for their assets.
This feature adds a layer of security, ensuring liquidity for investors who may need to access funds or adjust their portfolios.
Educational Resources
Goldco places a strong emphasis on educating its clients about precious metals investing. The company offers a wealth of resources, including free guides, articles, and personalized consultations.
These materials cover various topics, such as the benefits of gold IRAs, market trends, and strategies for portfolio diversification.
Rollover and Transfer Assistance
Goldco specializes in facilitating the rollover and transfer of existing retirement accounts into precious metals IRAs.
The company's team assists clients in navigating the complexities of moving funds from traditional IRAs, 401(k)s, 403(b)s, and other qualified accounts into self-directed IRAs backed by physical gold and silver.
Navigating Goldco’s User-Friendly Website
Goldco's website is designed to be user-friendly, making it easy for both new and experienced investors to navigate the world of precious metals.
The site features a clean layout with intuitive menus, allowing users to quickly find information on services like Precious Metals IRAs and direct purchases.
However, some users have noted that specific details about fees and pricing are not prominently displayed, which may require potential investors to contact customer service for comprehensive information.
Goldco Customer Service: Professional and Knowledgeable
While phone and email support are available, there is no live chat option or detailed social media presence for customer inquiries.
Contact Option | Details |
|---|---|
Customer Service Phone | (855) 450-1394 |
Account Support Phone | (855) 472-8494 |
Email (General Inquiries) | info@goldco.com |
Email (Account Support) | support@goldco.com |
Business Hours | Monday – Friday, 7:00 AM – 4:00 PM PST |
Live Chat Support | No |
Their high ratings suggest that Goldco’s customer service is generally well-received, with quick responses and knowledgeable representatives.
Is Goldco the Right Choice? Pros & Cons
Like any service, there are both advantages and drawbacks to consider before making a decision.
Below are some of the key pros and cons of using their platform.
- Strong Reputation & High Ratings
Goldco has an A+ rating with the BBB and 4.8/5 stars on Trustpilot, showing its solid track record in customer service and investment assistance. Many customers praise the company’s professionalism and transparency.
- Gold & Silver IRA Expertise
Specializing in Precious Metals IRAs, Goldco makes it easy to roll over funds from traditional retirement accounts into gold or silver-backed IRAs, offering a secure way to diversify savings.
- Buyback Guarantee
Goldco offers a strong buyback program, meaning you can sell your metals back to them at competitive market prices, providing a level of liquidity that’s reassuring for investors.
- Secure Storage Partnerships
Goldco works with IRS-approved depositories to store gold and silver investments safely, ensuring compliance and security for IRA investors.
- High Minimum Investment
Goldco requires a minimum of $25,000 for Gold IRAs and $15,000 for direct purchases, making it less accessible for smaller investors.
- Lack of Transparent Pricing
While Goldco provides great service, its website doesn’t list exact prices or fees for all products, requiring potential investors to call for full details.
- No Online Account Dashboard
Unlike some competitors, Goldco doesn’t offer an online dashboard where customers can track their investments in real time.
How to Start Investing with Goldco
Investing with Goldco can be approached in two primary ways: through a Gold IRA or by making direct physical gold purchases.
Here's a straightforward guide to each method:
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Gold IRA Investment
Here are the main steps to take when opening a gold/silver IRA
Step 1: Open a Self-Directed IRA
Begin by setting up a self-directed IRA with Goldco, which allows for alternative investments like precious metals. This type of IRA expands your options beyond traditional assets.
Step 2: Fund Your Account
You can fund your new IRA by rolling over assets from existing retirement accounts such as a 401(k), 403(b), TSP, or another IRA. This process is typically tax-free and helps diversify your retirement savings.
Step 3: Select and Purchase Precious Metals
Once your account is funded, choose from Goldco's selection of IRS-approved gold and silver coins or bars. Goldco's specialists can assist in selecting metals that align with your investment goals.
Step 4: Secure Storage
The purchased metals are stored in a secure, IRS-approved depository to maintain their tax-advantaged status. Goldco coordinates the storage process, ensuring your assets are safely housed.
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Direct Physical Gold Purchase
For those who prefer a physical asset, here's how to do it:
Step 1: Consultation and Selection
Reach out to Goldco to discuss your investment objectives. Based on your goals, select from a range of gold products, including various coins and bars.
Step 2: Payment
Make your purchase using cash, check, bank wire, or credit card. Direct purchases are straightforward, and Goldco provides guidance throughout the payment process.
Step 3: Delivery or Storage
Choose to have your gold shipped directly to your residence or opt for secure storage through Goldco's partnered depositories. If you prefer home storage, ensure you have a safe and secure place to keep your assets.
FAQ
Yes, Goldco is a reputable company with an A+ rating from the BBB and strong reviews on platforms like Trustpilot. It has been in business since 2006, specializing in gold and silver IRAs.
Yes, Goldco includes a spread (markup) in its pricing, which is common among gold dealers. The exact percentage varies based on the type and quantity of metals purchased.
No, Goldco specializes in gold and silver IRAs only. If you want to include other asset classes like stocks or bonds, you’ll need a different type of self-directed IRA.
Goldco follows IRS guidelines, and reporting requirements depend on the type of transaction. IRA investments have specific tax rules, so consulting a tax professional is recommended.
Yes, Goldco allows direct purchases of gold and silver for those who want to own physical metals outside of a retirement account. These can be shipped to your home or stored in a secure depository.
Review Gold Dealers For Direct Purchase & Gold IRA
How We Rated Gold & Silver Dealers: Review Methodology
At The Smart Investor, we evaluated gold brokers & dealers based on their overall value, pricing transparency, and investment options compared to other leading alternatives. Our hands-on testing focused on key factors that matter most to precious metals investors, including fees, security, product selection, and IRA investment options. Each broker was rated based on the following criteria:
- Pricing & Fees (15%): We prioritized brokers with transparent pricing, low markups on gold and silver, and fair premiums. Some platforms had hidden costs, including storage and liquidation fees.
- User Experience & Buying Process (20%): A smooth, intuitive, and secure buying process scored highest. Some brokers had complex procedures, slow transactions, or unclear order processing.
- Reputation & Ratings (10%): We factored in customer reviews, industry ratings, and regulatory compliance. Highly rated brokers had strong reputations for reliability, trustworthiness, and investor protection. Some had mixed reviews or unresolved complaints.
- Customer Support & Service (15%): We tested response times, availability, and helpfulness of support via phone, chat, and email. The best brokers provided knowledgeable assistance with fast, professional service, while others were slow or unresponsive
- Security & Storage Options (10%): We favored brokers offering secure vault storage, insured holdings, and direct delivery options. Some lacked proper security measures, increasing investment risks.
- IRA & Retirement Investment Options (20%): The best brokers offered Gold & Silver IRA accounts with IRS-approved metals, simple setup, and rollover assistance. Some lacked IRA services or charged high fees.
- Precious Metals Selection (10%): We rated brokers higher if they offered a wide range of gold and silver products, including bullion, coins, and bars. Some had limited selections, restricting investment choices.
