Goldco Review (2022) – Legit or Scam?

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Having been in the industry and relentlessly assisting people with protecting their retirement living for over a decade, Goldco is well acknowledged as one of the forerunners of the Precious Metals industry.

Their specialty is preserving your savings with a Precious Metal IRA or by rolling over your retirement assets into a Precious Metal IRA. They have a group of designated experts that will help you navigate each step of the seamless process that culminates in gold acquisition.

Not only has Goldco provided the best catalog of precious metals around, but it has also provided its customers with the confidence and assurance of high-grade security. They have introduced a buyback program guaranteed at the best possible price to ensure this.

What about endorsements?

They've got dozens of them, but to mention a few:

  • They are rated A+ by the Better Business Bureau (BBB)
  • They are rated AAA by Business Consumer Alliance (BCA)
  • Goldco has been named the #1 gold IRA provider in the U.S. by Inc. 500
  • Show host and political journalist Sean Hannity is the latest celebrity to endorse Goldco

Sean cited that at a time of economic insanity, physical gold and silver from Goldco are safe-haven assets to protect one's savings against the financial downturn.

Their first-class customer service, dependability, and ethical business practices have resulted in thousands of satisfied customers and positive reviews applauding their professionalism and swiftness of response.

Pros:

  • Quality customer service.
  • Solid reputation.
  • Ease of IRA rollover.
  • Tax advantages.

Cons:

  • High minimum deposit.
  • Buying eligible metals is restricted to Goldco's catalog.

Goldco Rating

Goldco is one of the leading companies in the Gold IRA space. I would put them on par with Augusta Precious Metals who are ranked my #1 gold IRA company. Goldco has excellent customer reviews, expert advisors, and a huge range of precious metals to choose from.

Overall Rating: 
5/5 stars

Products Offered

Customer Support

Fees

Goldco

A+ by the Better Business Bureau (BBB)

#1 Gold IRA provider in the U.S. by Inc. 500

AAA Business Consumer Alliance Rating

Who Is Goldco?

Goldco is a private precious metals company in LA. It specializes in protecting people's wealth and assets by simply rolling over their current IRA(k), 403(b), or another qualified retirement account to a self-directed silver and gold Individual Retirement Account.

Founder Trevor Gerszt and Brenda Whitman (CEO) are the company's key leaders. Trevor was raised in South Africa, the second-biggest gold-producing country in the world. For more than 20 years, he sought ways to help people build long-term wealth until he discovered the security and stability of precious metals and other alternative assets.

Goldco Direct LLC has 80 total employees across all locations and generates $40.00 million in sales (USD).

Why Invest In Precious Metals With Goldco?

Investing in Precious metals IRA offers you an opportunity to save your life after retiring from active service. It promises you asset diversification that can help you hedge against inflation and a tax-advantaged account.

There are many types of gold you can purchase at Goldco. These include American Eagle, Buffalo, American Eagle Proof, Maple Leaf, Lucky Dragon, and Gold Bars. They provide you with an account administrator who can send you a catalog of available bars and coins to choose the precious metals you prefer to buy.

You should build your retirement account in such a way that you can lead a sustainable life many years after retirement. 

What Goldco brings to the table is many years of experience that empowers them to guide their investors in making crucial decisions.

Like highlighting the various investment options for your precious metals and the rules involving Precious Metals IRA. Best of all, Goldco simplifies the logistics and the paperwork you need to move your physical investments.

If you are looking for a metal broker, you should contact Goldco now!

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Who Is Goldco Suited For?

If you are an investor looking to save for your retirement with hands-off asset diversification, Goldco is for you.

If you are looking for a stress-free option, Goldco is for you.

A Goldco self-directed gold and silver account works differently from investing in stocks or bonds. You do not need to devote your time researching the products to select. Instead, you can choose from Goldco's gold and silver bullion catalog to fund your account.

Less stress, more investment.

How Does Goldco Work?

Precious Metals investments are quite different from investing in paper assets. So, it works via a different process. Here is a snippet of the Goldco process:

  • Open an account.
  • Transfer funds: You will need nothing less than $25,000 to open an account. You may roll over some or all of the funds in your existing retirement account funds.
  • Select your coins and bars from Goldco's catalog.
  • Store your metals: Goldco has provided multiple depository locations you can choose from.

Note, however, that you must purchase any precious metal investment added to your account through Goldco. You can't add gold or silver you already own to your Goldco account.

Goldco

Summary

Products Offered

Gold & Silver Bullion For IRA

Precious Metal Storage

Six locations across USA

Minimum Purchase

$25,000 for IRA. $3,500 for non-IRA.

Fee Structure

$80 One time fee. $180-230 Annual fee. Fees waived for $50,000 purchase.

Shipping

Free. 5-10 Day Delivery Time

Insurance

Fully Insured Shipments

Products and Services

Time to take a look into the breakdown of the core value proposition. What are the products and services they primarily offer?

  • Gold Bullion
  • Silver Bullion
Goldco IRA

Gold Bullion (99.9% Purity)

– American Eagle Coins (Bullion & Proof)
– American Buffalo

– American Bald Eagle
– Canadian Maple Leaf
– Gold Liberty Coin
– Royal Mint Gold Lunar Series coins

– Australian Saltwater Crocodile

– Gold Freedom Coin
– Gold bars and rounds from approved mints & refiners

Goldco Fees

Silver Bullion (99.9% Purity)

– American Eagle (Bullion and Proof)
– Canadian Maple Leaf
– Australian Saltwater Crocodile

- American Bald Eagle
– Silver World War II Victory
– Australian Spotted Eagle Ray

– Royal Mint Silver Britannia Lunar Series coins

– Silver Liberty Coin
– Silver bars and rounds from approved mints & refiners

Storage

Goldco has partnered with well-sophisticated vaults and security systems in six different locations to safely store your precious metals and prevent adulteration of any kind. Against the wish of most customers who want to take the delivery to their houses, they insist that the precious metals are stored at an authorized warehouse connected to their IRA accounts.

The storage facilities include advanced security systems and appropriate insurance. When the time comes for you to cash out, you can sell your metals back to Goldco or a third-party dealer.

Minimum Purchase

You will need at least $25,000 to add any precious metals investment to your IRA. For Non-IRA transactions, you will require $3,500.

Fees

Precious metals IRAs usually attract one-time account fees and ongoing management fees. Therefore, before signing up, schedule a call with their sales representative to get more information about setup fees, annual administrative fees, and annual storage fees.

One-time fees

  • Set-up for IRA - $50
  • Wire fee - $30

Annual fees

  • Maintenance fee - $80
  • Storage fee - $100 for non-segregated / $150 for segregated

Clients can anticipate a fee waiver for investments of more than $50,000 for the first year. You will also get five percent back in free metals. This deal could be very favorable to you, especially if your investment exceeds the amount stated.

Insurance and Shipping

Goldco provides complete registration and insurance for the value of all orders. They deliver orders as soon as they receive payments for them. They also have a support team that also notifies customers with tracking details and other information regarding the shipping of the precious metals. Each package will also require a signature upon delivery.

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Goldco Reviews & Complaints

  • The customer feedbacks written about Goldco are primarily favorable.
  • It is rated A+ with the BBB.
  • It has a TrustScore of 4.7/5 based on the feedback of 649 investors.
  • It has no complaints to its name on the Consumer Financial Protection Bureau.

Investors say the process of rolling existing funds into a Goldco account is straightforward to navigate. Still, they have also made a few complaints. Some investors complain of aggressive sales reps that intimidated them into purchases they weren't comfortable with.

Goldco Precious Metals
Goldco Reviews

How To Open A Gold IRA With Goldco

Here are three easy ways to start with Goldco's Precious-metals IRAs:

Step 1

Select the kind of precious metal you want from Goldco's catalog and select a custodian.

Step 2

Transfer funds: You will need nothing less than $25,000 to open an account. You may roll over some or all of the funds in your existing retirement account funds.

Step 3

Buy fine gold to secure it in your IRA.

Frequently Asked Questions About Goldco

Is Goldco Reputable?

Yes, Goldco is reputable and boasts of an amazing record of accomplishment. Current Goldco customers are overall positive in their reviews of its customer service and the products it provides. Consumer Affairs shows an average of nearly five stars out of five for Goldco from 142 reviews, and the BBB offers an average of five stars from 12 reviews.

Is Goldco Legit?

Goldco is the gold company you can trust! They have a 100% customer satisfaction Guarantee. Goldco Precious Metals was just ranked as the #16 fastest growing company and the #1 gold IRA provider in the US by Inc. 500 magazine.

For years, the Gold IRA experts at Goldco Precious Metals have helped investors take advantage of little-known loopholes in retirement account rules. Eliminating fees and taxes when exchanging stocks and bonds for physical metals like gold and silver. Starting a new account with Goldco is an easy tax-free process.

How To Contact Goldco?

You can contact Goldco via their website below:

https://goldco.com

Which Precious Metals Will The IRS Allow In A Gold IRA?

Precious metals such as gold and silver are the most well-regarded assets as IRAs. You can also have platinum and palladium to expand your portfolio.

What Makes Goldco The Right Company To Invest With

When you are looking for reliable precious metals to invest in, gold is one of the best investments you can make. But for many new investors, it is usually not a question of what to invest in that burdens their minds.

It is who to trust with their investment among the companies in the marketplace.

Investing with Augusta Precious Metals does not only afford your trust; it provides adequate representation and mentorship that guides you through the process of what to invest in and how to invest wisely.

The company offers a complete service whether you are interested in investing in silver or gold bullion, coins or gold. Along with this opportunity, Augusta Precious Metals provides a secured facility to store your precious metals.

Goldco

A+ by the Better Business Bureau (BBB)

#1 Gold IRA provider in the U.S. by Inc. 500

AAA Business Consumer Alliance Rating

About Roy Guller

I have been an investment adviser for more than 30 years and managed more than 500 million dollars for my exclusive group of clients. My expertise lies in retirement funds and I want to share my wealth of experience with you so you can make the right decisions for your future.

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