Goldco Precious Metals Review
Are you considering diversifying your investment portfolio to help safeguard your retirement nest egg?
If so, I’d highly recommend checking out what a precious metal IRA through Goldco can do for you!
As an industry leader with over a decade of experience helping clients invest in gold and silver, Goldco provides the expertise and guidance you need to take advantage of the stability and protection precious metals have historically provided during volatile market conditions.
At Goldco, you’ll have access to a dedicated team of specialists ready to walk you through the process of rolling over an existing IRA or 401(k) into a gold IRA, setting up a new precious metals IRA, or making direct purchases of gold and silver.
Goldco negotiates with the top IRA custodians and metal dealers to get you the most competitive fees and pricing. And unlike some other gold IRA companies, Goldco does not charge any hidden fees or markups on your precious metals purchases.
So if you’re looking for a trusted partner to help you invest in gold and silver, look no further than Goldco.
Their personalized service, commitment to transparency, and exceptional client relationships set Goldco apart. Let them show you how precious metals can help provide security and stability for your wealth during these uncertain economic times.
Why Choose Goldco for Precious Metals Investment
Diversifying your investment portfolio with precious metals can be a smart move, especially during the times of economic uncertainty we live in today.
Goldco is a leading precious metals investment company that has built a strong reputation in the industry.
In this Goldco review, we will explore the reasons why many other investors, just like you, choose Goldco for investing in precious metals.
Company History and Background
Trevor Gerszt founded Goldco Precious Metals in 2006 with the goal of helping investors safeguard their retirement savings by leveraging the consistency of precious metals.
Goldco aims to make the process simple for investors at all stages of life and financial experience to invest in precious metals whether through an IRA or direct purchase of gold and silver.
The mission and vision of the company has always been to provide a stable investment opportunity outside the volatility of traditional markets.
Located in Los Angeles, California, Goldco remains a privately held company focused on giving its clients a combined solution of both physical precious metals in coins and bars along with gold and silver IRA options.
Goldco Has Built a Trusted Reputation
When it comes to investing in precious metals, establishing trust in a company is crucial.
Goldco has spent over a decade providing investors with valuable insight and expertise, earning high ratings and endorsements that prove their commitment to excellence and compliance.
Your Satisfaction is Their Top Priority
Putting you first is Goldco’s priority.
Their dedicated team works closely with you to provide personalized consultations and guidance, ensuring you make the best choices for your financial goals.
Numerous 5-star reviews highlight Goldco’s friendly, knowledgeable service.
This commitment to client satisfaction sets Goldco apart.
Industry-Leading Gold and Silver IRA Expertise
Specializing in retirement planning, Goldco offers gold and silver IRAs, allowing you to take advantage of precious metals’ stability. Their experts guide you through the intricacies of gold IRAs and precious metals investing so you can invest with confidence.
Diverse Investment Options
Meeting diverse needs is essential. Goldco offers gold and silver IRAs, traditional IRAs, directed IRAs, 401k rollovers, and direct precious metals purchases. This allows you to diversify your retirement savings and protect your wealth from market volatility.
They provide real-time precious metals price updates so you can make informed investment decisions.
Personalized Consultations Tailored to You
Tailoring strategies to your needs is Goldco’s approach. They offer personalized consultations to choose the best options for your goals.
By understanding your situation, their experts provide tailored recommendations so you implement the most suitable investment strategies.
Precious Metals Are More Important Than Ever
Investing in precious metals offers true portfolio diversification beyond stocks and bonds. While stocks continue record-breaking highs, threats of downturn remain and inflation diminishes returns.
Gold and silver hold value during market turmoil and economic instability, providing assets independent of broader markets that reduce risk.
Current global events highlight the need for diversification and stability.
The U.S. faces economic uncertainty from issues like real estate lending troubles, major bank failures, unfathomable debt levels, trade imbalances and natural disasters.
Banks are tightening lending due to deposit flight fears, which is harming business and household funding. Property market troubles are slowing construction, which is reducing office and retail revenue and loan payments.
Inflation and political instability within the US government is undermining the value of the U.S. dolar.
The U.S. dollar’s reserve currency status has provided the USA a great deal of security over the years, but with recent decisions by the US government, the world’s confidence in USD is dwindling.
While the doomsday predictions of the media are overblown, there are concerns with nations turning away from the US dollar to perform trade with another currency.
This renewed focus has many nations looking to the BRICS nations – Brazil, Russia, India, China, and South Africa as a coalition of rising nations that can help balance the world’s power away from USD.
The initial purpose of BRICS was to highlight investment opportunities in these fast-growing economies, but since 2009, they have formed a more cohesive geopolitical bloc, coordinating policy and creating institutions such as the New Development Bank to rival US dominated ones.
The best protection against currency risks and collapses is diversifying across assets, industries and currencies.
Goldco helps investors achieve balanced diversity and stability through precious metal IRAs and direct purchases. Their focus on physical precious metals means that even if the US dollar staggers, you have assets retaining their value.
Understanding Precious Metals IRAs
A precious metals IRA, also called a gold IRA, allows you to fund your Individual Retirement Account with physical gold, silver, platinum, and palladium rather than traditional paper assets.
These IRAs provide the same tax advantages as a standard IRA.
The main difference is that instead of stocks, bonds, mutual funds, or CDs, you hold physical precious metals in bar and coin form.
Allows You to Invest in Gold and Silver
A self-directed IRA that allows you to invest in precious metals for retirement. They have the same contribution limits as traditional IRAs but allow physical precious metals as investments for diversification. This unique opportunity can hedge inflation, provide stability, and potential long-term growth.
Benefits of a Precious Metals IRA
1. Diversification: Precious metals act as a hedge against stock market drops, providing safety if markets decline.
2. Inflation Protection: Historically, precious metals maintain value during high inflation, preserving your purchasing power.
3. Potential Growth: Over time, precious metals generally increase in value, offering potential long-term growth for your retirement savings.
4. Tax Benefits: Precious Metals IRAs follow traditional IRA rules, meaning tax-deferred growth and withdrawals in retirement.
5. Physical Metal: Unlike precious metals funds or ETFs, a precious metals IRA provides ownership of actual physical bars and coins.
Limitations and Risks of Precious Metals IRAs
Higher Fees: Precious Metals IRAs can have higher fees than traditional IRAs, including setup, transaction, custodial, and storage fees, though Goldco has some of the lowest fees in the industry.
Illiquid: Traditionally, precious metals can be less liquid than other investments making it difficult to sell. However, Goldco removes this hinderance through their BuyBack Guarantee.
IRS Regulations and Requirements
The IRS mandates that you choose an approved custodian to purchase and store precious metals for your IRA. They must meet certain purity requirements to comply with regulations set by Section 408 (m) of the Internal Revenue Code.
These metals are typically considered collectibles but certain products are exempt. The custodian must store your metals in an approved depository following IRC rules. Failure to comply results in penalties.
Recommended Allocation in Your Retirement Portfolio
Most experts recommend allocating 5-10% of your retirement funds to precious metals IRAs. This allows diversification, potential growth and minimizes overexposure risks.
While gold may not match stock market gains, during downturns it provides stability as stocks decline. A precious metals allocation provides balance, reaching your financial goals long-term despite challenging markets.
Goldco Precious Metals IRA
Goldco offers self-directed IRAs that allow investments in IRS-approved precious metals.
The two primary options are gold and silver IRAs. Both provide the benefits of tax-advantaged retirement savings combined with the stability and wealth protection offered by physical precious metals.
Here is an overview of each product:
Gold IRAs: A Stable Store of Wealth
Goldco offers traditional and Roth IRA so you choose what suits your goals and tax situation. Eligible gold must meet IRS standards, like being 99.5% pure and legal tender.
Here is a sample of some of the gold products available for IRA allocation:
- American Gold Eagle coins: Official gold coins minted by the U.S. Mint meeting .995 purity. Available in sizes from 1 ounce to 1 ounce.
- Canadian Gold Maple Leaf: 24-karat gold coins from the Royal Canadian Mint meeting .999 purity. Available in sizes from 1 ounce to 1 ounce.
- PAMP Suisse gold bars: Internationally-recognized 24-karat gold bars from PAMP meeting .9999 purity. Available in weights from 1 ounce to 1 kilo.
- Other IRA-approved gold bars and coins also available.
Silver IRAs: An Alternative Precious Metal
Diversifying with silver provides stability and growth potential. Goldco offers traditional and Roth silver IRAs holding IRS-approved 99.9% fine silver.
Some of the silver products available:
- American Silver Eagle coins: Official .999 fine silver coins from the U.S. mint. Available in 1 ounce size.
- Canadian Silver Maple Leaf: .9999 fine silver coins from the Royal Canadian Mint. Available in 1 ounce and larger sizes.
- Other approved silver coins and bars available in a range of weights.
Only the Highest Quality Precious Metals
Goldco sources all precious metals from reputable government and private mints that guarantee the purity and authenticity of their products.
Each metal offered by Goldco includes authentication from the mint and refinery to ensure quality before the items are shipped for inclusion in your IRA.
Goldco handles sourcing and shipping the metals to preserve the chain of integrity before the products are deposited into insured vaults.
All precious metals for IRAs are securely shipped and deposited on your behalf by Goldco’s preferred IRA custodians and storage/vaulting partners.
This process is done with transparency, to give you the confidence in the quality and legitimacy of the precious metals in your IRA.
Rollover Your 401(k) Into a Gold IRA Tax-Free
Rolling over an existing 401(k) or other retirement plan into a Goldco gold IRA is a straight forward process.
Goldco provides you with a step-by-step guide on how to properly roll over or transfer funds into your self-directed IRA. If you have any questions about this process, your dedicated account representative is available to assist.
Goldco Secure Storage Options
The IRS requires IRA metals use approved depositories.
Goldco works with a network providing state-of-the-art security like monitoring, vaults, and alarms, ensuring your asset safety.
Choose Depository or Home Storage for Non-IRA Metals
Home storage offers convenience but risks like theft or loss.
Depositories provide secure monitored storage ideal for long-term holdings. For non-IRA metals, Goldco helps you choose suitable options considering accessibility, security, and cost.
Home storage is not permitted for precious metals held within an IRA and could lead to severe tax penalties.
Your Investments Are Fully Insured
Safeguarding your wealth is Goldco’s priority.
They provide comprehensive insurance for depository stored IRA and non-IRA metals, protecting against loss, damage or theft.
Enjoy peace of mind knowing your assets are secured and insured.
Access and IRA Distributions of Stored Gold
Retrieving your assets when needed provides flexibility.
For IRA metals, take distributions at 59 1⁄2 without penalties. When distributing, Goldco helps liquidate your metals, ensuring a smooth process and funds access on time.
For non-IRA metals, you maintain full rights regardless of the storage option. Goldco facilitates delivery or pickup where you specify.
Enjoy the security of insured monitored storage with access to your investments!
Goldco Pricing, Fees, and Promotions
Goldco aims to provide transparent pricing and affordable fees for precious metals IRAs and direct purchases.
Their goal is to minimize your costs while providing the highest level of professional service.
Here is an overview of Goldco’s pricing model:
Low Minimums and Account Setup Fees
Opening a gold IRA with Goldco requires an initial investment of $25,000. Goldco’s preferred custodian charges a one-time $50 IRA setup fee and $30 wire fee to transfer funds.
Competitive Ongoing Costs
The custodian charges $100 annually to manage your IRA and $150-$300 for segregated or non-segregated storage. Total average fees are $200-$500 yearly.
Goldco negotiates the lowest prices from custodians and dealers, passing the savings to you.
Promotions and Discounts
Goldco offers promotions for new and potential clients including discounted or free silver/gold when opening an IRA, an optional free information kit, and deals for larger gold bar purchases. Enjoy the best prices on your precious metal investment.
Goldco is currently offering up to $10,000 in free silver when opening a new Precious Metals IRA account.
Discounts on Direct Purchases
Goldco provides non-IRA precious metals transactions like buying/selling gold and silver.
They offer periodic promotions tied to specific purchases, e.g. discounts for larger gold bar buys. Capitalize on these deals to maximize your investment!
With reasonable fees and promotions, Goldco makes investing accessible.
Their experts help minimize costs and find the best deals so more of your money works for you. Enjoy the most competitive prices on gold and silver through Goldco!
Direct Purchase of Precious Metals from Goldco
In addition to offering Precious Metals IRAs, Goldco also facilitates direct purchases of gold, silver and other precious metals for non-retirement investment purposes.
If you’re looking to buy physical gold and silver outside of an IRA, Goldco offers competitive pricing on a range of high-quality products.
Here are the details on what they offer:
Coins From the U.S. Mint and Beyond
Goldco sells gold and silver coins like American Silver Eagles, American Gold Eagles, and Chuck Norris silver coins.
They source directly from government mints and foreign mints, ensuring authenticity and quality.
Explore options from foreign mints like The Perth Mint, Royal Canadian Mint, and Royal Dutch Mint.
Their unique coins feature wildlife, history, and events, broadening your investments and gaining exposure worldwide.
Gold Coins and Bars for Serious Investors
Goldco provides gold and silver bars in varying sizes and purities so you choose what meets your needs. Highly reputable refineries ensure their quality and authenticity.
Goldco’s gold products for direct purchase include:
For direct purchase of silver, Goldco offers:
Fast, Secure Payment and Shipping
Finalizing your purchase is seamless. Choose wire transfer or mail a check to fund your account.
Goldco ships your selected metals to you or an insured depository, sometimes providing free storage.
For checks, they offer a prepaid FedEx label for delivery at no cost to you.
With Goldco, buying gold and silver is convenient and straightforward. Their responsive support guides you through the process, ensuring a hassle-free experience.
You can trust in the quality and security of your assets and benefit from the potential of this unique investment!
Goldco Customer Reviews and Ratings
Reputation is crucial when considering a gold IRA company.
It’s essential to research and understand the experiences of existing customers to gauge the quality of service and products offered.
We’ve been highly impressed with Goldco’s customer service, and based on the reviews and high ratings across the board, we’re not the only ones.
Highly Satisfied Clients
Many laud Goldco’s professional, knowledgeable staff, simple transactions, and product selection.
Numerous reports praise their personal service and support, making investing more comfortable.
Clients highlight their seamless 401(k) rollover process with dedicated representatives guiding you through each stage.
Isolated Negative Incidents
While Goldco receives mainly positive feedback, some report isolated dissatisfaction, often tied to their $25,000 IRA minimum investment.
We understand how frustrating it could be to want to open a precious metal IRA with the one of the best dealers in the industry, only to be told that you need a minimun you can’t meet.
However, in our opinion, Goldco’s insistence on this minimum investment showcases their dedication to delivering outstanding results to their clients.
It indicates that their primary focus is not just amassing as many customers as possible but rather ensuring that every client who chooses Goldco will be able to thoroughly benefit from their expertise, products, and services.
It’s clear from the overwhelmingly positive reviews and testimonials that this approach is paying off.
Goldco’s clients are pleased with the individualized, tailored service they receive, and the strong returns on their investments.
Trusted Industry Endorsements
Goldco has A+ BBB and AAA BCA ratings showing commitment to ethical practices and client satisfaction. Public figures also endorse them, strengthening their standing as a reputable precious metals company.
Better Business Bureau: 4.83 out of 5 stars based on over 590 customer reviews. Goldco holds an A+ BBB rating and has been accredited since 2011. Customers praise Goldco’s professional, knowledgeable representatives and efficient service. The company’s quick response time and guidance in precious metals investments has left clients extremely satisfied.
TrustLink: 4.8 out of 5 stars based on over 250 customer reviews. Customers highlight the exceptional customer service, attention to detail, and straightforward explanations, making Goldco a reliable choice for both new and experienced investors. Clients appreciate Goldco’s dedication to ensuring a seamless process, whether it’s transferring funds from an existing IRA or setting up a new precious metals investment.
Consumer Affairs: 4.8 out of 5 stars based on over 1,550 reviews. Customers mention the knowledgeable and patient staff, often praising their excellent customer service and guidance in investing. The company is also noted for its smooth process and willingness to answer any questions, even preemptively.
Google Business: 4.9 out of 5 stars based on over 1,700 reviews. Many first-time investors in precious metals found Goldco to be highly recommended, and praised the company’s knowledgeable and professional team. Customers reported smooth experiences rolling over their 401k’s to precious metal-backed IRA’s and were satisfied with the responsive customer service provided by Goldco’s representatives.
Helpful Customer Service
Goldco provides exceptional customer service with dedicated reps to guide your investing and address concerns.
Both new and existing clients access their support team or general contact for inquiries, ensuring fast, easy communication with the right person. This level of access contributes to a positive experience.
Goldco vs. Competitors
Among numerous precious metals investment firms promising to help you safeguard your wealth, Goldco stands in a class by itself.
Rather than attempting to expand into unrelated services in an effort to gain more customer dollars, Goldco remains dedicated to its core mission of providing gold and silver IRAs, in addition to direct purchases of physical gold and silver coins and bars.
By solely focusing on precious metals, Goldco is able to offer unparalleled expertise and guidance specific to this asset class.
Goldco’s commitment to superior customer service, transparent pricing, and streamlined account opening has earned them top ratings from the Better Business Bureau, Trustlink, Yelp, and Google Reviews.
Investors seeking a personalized experience benefit greatly from Goldco’s abundance of educational resources tailored to clients, both large and small.
Their consultative approach and no-pressure interactions mean you can feel fully supported without obligation.
While Goldco ranks highly among its peers, alternative options like Regal Assets, Augusta Precious Metals, Noble Gold Investments, and Birch Gold Group are worth considering if you wish to expand your self directed IRA outside of gold or silver.
With that said, Goldco’s dedicated focus on precious metals is a refreshing approach in a world of “generalist” investment firms attempting to handle whatever products pay them the largest fees or generate the highest commissions.
Here are answers to some of the most frequently asked questions from investors regarding Goldco:
What products does Goldco offer?
Goldco offers gold and silver IRAs allowing physical metals. They provide direct gold/silver coin and bar purchases for non-retirement needs.
What are Goldco’s fees?
No setup or gold IRA rollover fees. Typical yearly fees average $200-$500, including custodial and storage costs. Non-IRA premiums and transactions have low fees. They negotiate lower third-party charges when possible for qualified accounts.
How do I fund a precious metals IRA with Goldco?
Primarily fund a gold IRA through rolling over or transferring assets from an existing retirement account, or annual contributions if eligible based on age and income. Goldco facilitates rollovers/transfers, ensuring IRS compliance and avoiding taxes/penalties. Contributions go directly to your IRA custodian.
Can I take delivery of my precious metals?
For IRA metals, physical distribution is prohibited until retirement age when taking RMDs. Some custodians allow in-kind distributions on request.
For non-IRA metals, you can take immediate delivery or Goldco arranges storage. You maintain rights regardless of the option. They facilitate delivery/pickup wherever specified based on availability.
How to Open a Goldco IRA
1. Speak to Goldco’s experts about the best IRA type for your goals. They guide you through the process, ensuring proper setup and tax compliance.
2. Choose an IRA custodian to purchase and store your metals. Goldco partners with experienced custodians specializing in precious metals IRA management.
3. Select IRS-approved precious metals to invest in. Work with a Goldco specialist to choose suitable gold, silver, platinum or palladium options allowed in IRAs.
4. Fund your IRA through a rollover, transfer, or annual contribution if eligible. Goldco helps facilitate rollovers and transfers to maximize tax advantages.
5. Review and fill out necessary paperwork to open your IRA account. Goldco representatives guide you through each step, addressing questions or concerns.
What Types of Gold and Silver Can Be Included in a Gold IRA?
Only certain coins and bars meet IRA rules, like American Eagle and Canadian Maple Leaf coins. Gold must be 99.5% pure, silver 99.9% pure, platinum/palladium 99.95% pure. Bars and rounds must meet minimum fineness. Goldco only offers IRA-approved precious metals, ensuring compliance.
How Are Taxes Handled with Precious Metals IRAs?
Precious Metals IRAs follow the same tax treatment as traditional IRAs. You can invest pre-tax dollars, and capital gains/income remain tax-deferred until distributed.
Withdrawals in retirement are taxed as ordinary income for traditional IRAs. Roth IRAs allow tax-free withdrawals.
Always consult a tax professional for your unique situation.
When Can I Take Distributions from My Gold IRA account?
You must wait until age 59 1⁄2 to take IRA distributions without early withdrawal penalties, regardless of the precious metals balance.
At age 72, you must start required minimum distributions. However, due to market volatility, it may benefit you to start distributing your gold IRA before 72 depending how the market is acting.
Again, check with your tax advisor.
How Does Goldco’s Buy Back Program Work?
Goldco’s Buy Back program guarantees repurchasing your precious metals at the best available price if you must sell.
While gold IRA distributions require liquidating your assets, for non-IRA holdings, Goldco may buy them back, providing price security and protecting your investment
So you invest in physical gold and silver with confidence knowing Goldco stands ready to buy back what they previously sold you when the timing works better for your needs.
Their buyback guarantee further instills trust in their company and your investment.
So there you have it – an in-depth overview of Goldco and what they can offer for your precious metals investing needs. As you’ve learned, Goldco provides a wide range of investment options including gold and silver IRAs, as well as direct purchases of physical precious metals.
In summary, choose Goldco for your precious metals needs due to their:
- Industry-leading expertise and reputation
- Exceptional personalized customer service
- Broad range of investment options for retirement and beyond
Their gold and silver IRA specialists provide guidance, helping you take advantage of the stability and protection precious metals have historically offered.
Now it’s time for you to take action.
Contact Goldco today for a free portfolio review and see how precious metals can help stabilize your investments during times of market volatility. Their knowledgeable representatives will walk you through your options and help ensure you’re prepared and protected, no matter what the financial markets may bring in the years ahead.
With a decade of experience helping over 10,000 satisfied clients, you can feel confident in Goldco’s ability to understand your financial goals and recommend strategies tailored to your unique situation. So don’t wait any longer. Call or message Goldco now and take that important first step towards investment diversity and stability. Your retirement savings will thank you.