Updated January 12, 2023

Goldco Review

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Goldco is one of the most popular gold and silver IRA companies. But how high are the fees? And is it right for you? Read on to find out.

Goldco
Free Gold IRA Kit

Overall Score

4.1

Minimum Deposit

3.5

Gold IRA

4.0

Customer Service

5.0

Fees

3.0

Safety

5.0
5-point scale (the higher, the better)

Pros and Cons

  • Highest buyback price guarantee
  • Free silver promotion
  • A+ BBB rating
  • $25,000 min
  • Higher transaction fees

Bottom Line

Very reputable Gold IRA account, but fees are higher than competitors

Investing in precious metals can help protect your wealth. Their price isn't correlated to the stock market, so it's a good hedge against market volatility.

With Goldco, you can invest in gold and silver in a tax-advantaged retirement account.

With strong endorsements by Sean Hannity and Chuck Norris, does Goldco live up to its reputation?

In this detailed Goldco review, you'll learn everything you need to know. Plus, see how it compares against other gold IRA companies.

What is Goldco?

Goldco is a well-known precious metals IRA provider that helps customers invest in gold and silver for retirement. It was founded in 2006 by Trevor Gerszt and is based in Calabasas, California.

Goldco is known for:

  • A large selection of IRA-approved gold and silver coins
  • Highest price buyback guarantee
  • Excellent service (thousands of 5-star reviews)

To open a gold IRA, the minimum investment is $25,000. You can roll over any type of existing retirement account, including IRAs, 401(k), 403(b), 457, TSP, Pensions and even savings accounts.

You can also directly purchase gold and silver coins.

Goldco has a solid reputation with users. It boasts an A+ rating with the Better Business Bureau. More on customer reviews later.

Further down, you'll learn about their gold IRA, features, and fees.

Who Goldco is Best for

Goldco may be the right gold IRA company for you if you:

  • Have at least $25,000 to rollover or invest
  • Want help navigating the entire process
  • Want to feel more secure with a buyback guarantee

Looking for a lower minimum investment? American Hartford Gold lets you invest in a precious metals IRA with only $5,000. Read til the end to see how it compares.

Pros & Cons

Pros

  • Over 3,000 five-star reviews
  • Up to $10,000 in free silver for qualifying gold IRA accounts
  • Buyback program with highest price guarantee
  • Helps you with paperwork to open IRA
  • Can rollover a wide variety of accounts
  • Helpful educational resources
  • Strong brands ambassadors - Sean Hannity, Chuck Norris, and Ben Stein

Cons

  • Annual fee could be a little more than competitors
  • Transaction fees could also be higher

Goldco Reviews & Complains

Based on over 4,200 customer reviews, Goldco averages 4.85 out of 5 stars.

Some reviews:

"Goldco has been responsive and informative along each step the way for getting an IRA rolled over to an IRA containing precious metals. Pleased with the entire transaction."
Donald E (on BBB)

"What an amazing group of people. Every person that I have dealt with was professional, knowledgable and punctual. I strongly recommend GOLDCO for your precious metals IRA. They have been so efficient in getting the paperwork done, they were very nice in their dealings with my prior custodian."
Tom A (on Trustpilot)

But it's also important to look at the complaints as well as the glowing reviews. All business will get complaints. So what's important is how the company handles them.

On BBB, Goldco only had 21 complaints in last 3 years. Some complaints included:

  • Unsolicited phone calls and texts
  • Surprised by high markups
  • Confusion over the value of coins

All complaints were addressed by Goldco, and in most cases, customers were satisfied with the resolution. For example, a customer felt overcharged for their coins and wanted to cancel the order. Goldco refunded the investment.

Goldco Features

Now that you got a general overview of Goldco, let's take a detailed look at their products and services.

Gold and Silver IRAs

Goldco's primary service is their Gold and Silver IRAs. These let you invest in gold and silver for retirement on an either tax-deferred or tax-free basis.

Goldco works with all major self-directed IRA custodians, such as Equity Trust. Their preferred depository is Delaware Depository, but there's a few you can choose from (more later).

They work with mints from all over the world to provide authentic, IRA-approved gold and silver coins. In fact, Goldco stands by their quality so much that they even guarantee to buy back your coins at the highest price.

If you are interested in further diversification, they also offer platinum and palladium.[1] Goldco's experts can help you choose the right mix of precious metals to meet your investment goals.

How much money do you want to invest in gold?

Goldco has a strong reputation for customer service. They will help you every step of the way when opening an account to ensure a smooth experience.

If you can meet the $25,000 minimum and are interested in a fairly hands-off retirement investing account, a Gold or Silver IRA from Goldco may be worth considering.

IRA Approved Gold and Silver Coins

Goldco only sells high quality IRS-approved coins. It offers a large range of coins from mints around the world. Including:

The IRS has strict rules on what kind of coins you can have in an IRA account. Gold coins must be 99.5% pure, while silver coins need to be 99.9% pure. The exception is the American Gold Eagle coin, which is 91.67% pure.

  • Gold American Eagles
  • Gold American Eagle Proof
  • Gold American Buffalo
  • Gold Canadian Maple Leaf
  • Gold Australian Sea Turtle
  • Gold Australian Striped Marlin
  • Silver American Eagle
  • Silver American Eagle Proof
  • Silver Canadian Maple Leaf
  • Silver Australian Sea Turtle
  • Silver Great Barrier Reef

See full list of IRA-eligible gold and silver coins offered by Goldco:

Gold bullion and coins:

  • Gold American Eagles
  • Gold American Eagle Proof
  • Gold American Buffalo
  • Gold Canadian Maple Leaf
  • Gold Canadian Lucky Dragon
  • Gold Australian Saltwater Crocodile
  • Gold Liberty (New Zealand Mint)
  • Gold Independence Hall (New Zealand Mint)
  • Gold Freedom (New Zealand Mint)
  • Gold American Bald Eagle (The Perth Mint)
  • Gold Phoenix (The Perth Mint)
  • Gold Australian Sea Turtle (The Perth Mint)
  • Gold Australian Striped Marlin (The Perth Mint)
  • Gold Valor (Royal Dutch Mint)
  • Gold Freedom and Hope (Royal Dutch Mint)
  • Gold Military Guinea (East India Company)
  • Gold British Lunar Series (Royal Mint)

Silver bullion and coins:

  • Silver American Eagle
  • Silver American Eagle Proof
  • Silver American Bald Eagle
  • Silver Canadian Maple Leaf
  • Silver Canadian Lucky Dragon
  • Silver Australian Spotted Eagle Ray
  • Silver Australian Striped Marlin
  • Silver Australian Saltwater Crocodile
  • Silver Australian Sea Turtle
  • Silver Great Barrier Reef
  • Silver Freedom (New Zealand Mint)
  • Silver Lincoln Memorial (New Zealand Mint)
  • Silver Survivor Tree Coin (New Zealand Mint)
  • Silver Liberty (New Zealand Mint)
  • Silver Phoenix (The Perth Mint)
  • Silver World War I (The Perth Mint)
  • Silver World War II Victory (The Perth Mint)
  • Sliver Mayflower (Bulmint)
  • Silver First Moon Landing (Royal Dutch Mint)
  • Silver Valor (Royal Dutch Mint)
  • Silver Freedom & Hope (Royal Dutch Mint)
  • Silver Land of the Free - Bald Eagle (Royal Dutch Mint)
  • Silver Military Guinea (East India Company)
  • Silver Britannia Lunar Series (Royal Mint)
  • Silver 20th Anniversary Britannia (Royal Mint)
  • Silver Veteran (European Mint)
  • Gold and silver bars

Goldco has a bigger selection than other precious metals IRA companies, which is exciting if you enjoy collecting unique coins.

Plus, Goldco also offers platinum and palladium if you want to further diversify. But you'll have to talk to them to see what's available.

Which precious metal are you likely to buy?

How to Start Investing at Goldco

Goldco has made the process to open a gold IRA account as easy as possible. Here's how to get started:

  1. First start by getting a free gold IRA kit. This kit will help you understand more about investing in gold.

  2. When you're ready, you'll sign an agreement to give the OK to do business with Goldco. Don't worry, a rep will walk you through the whole process.

  3. Fund your account by rolling over money from your existing retirement account. Any tax-advantaged account will work, such as another IRA, a 401(k), or a 403(b) account. Goldco will even work with your current 401k or IRA custodian to make it easier for you.

  4. Select and purchase precious metals. Just tell Goldco which metals you'd like to buy. They'll help you make the purchase and store it in a safe depository.

Note that if you already have another precious metals IRA, you won't be able to transfer it to fund your Goldco account.

Goldco Pricing & Fees

Their annual fees are mostly on par with other gold IRA companies. But if you choose segregated storage, the fees may be a little higher.

For those purchasing gold or silver outside of an IRA account, the minimum purchase is $25,000.

Buyback Program

Are you worried about selling your gold when you want to cash out? Goldco offers a Highest Buyback Price Guarantee. You can sell back your IRA-approved gold and they'll buy it at the best price.

This gives you more confidence investing with Goldco. Because you won't be stuck with your gold if your financial situation changes. And you'll know you're getting a good price. You won't have to find your own gold dealer who may lowball you.

You can sell your gold back at any time. Just note that if you take a distribution before age of 59-1/2, there'll be a penalty.[2]

Precious Metals Storage

Due to government regulations, you cannot personally store gold and silver held in a precious metals IRA.[3] But Goldco offers a number of storage options.

Options include:

Direct Purchase of Precious Metals

Want to just buy gold, but not part of an IRA? You can still purchase gold and silver directly from Goldco. They can either ship it to your home to store yourself, or you can choose to store in a depository.

Most of the coins offered for their IRA can be directly purchased too. Including:

  • Gold American Eagles (1 oz)
  • Silver American Eagles (1 oz)
  • Gold American Eagle Proofs (1 oz)
  • Silver American Eagle Proofs (1 oz)
  • Silver American Bald Eagles (2 oz)
  • Silver Australian Spotted Eagle Rays (1.5 oz)
  • Gold Australian Striped Marlins (0.25 oz)
  • Silver Australian Striped Marlins (1.5 oz)
  • Gold Australian Sea Turtle (0.25 oz)
  • Silver Australian Sea Turtle (1 oz)
  • Gold bars
  • Silver bars and more

When you buy gold and silver coins directly, you'll be covered by their buyback guarantee too.

Prices aren't listed on their website, so you'll have to talk to Goldco.

Goldco vs Competitors?

Next, let's look at how Goldco compares to other popular gold and silver IRA providers.

Goldco vs Augusta Precious Metals

Goldco and Augusta Precious Metals are both very reputable gold IRA providers. In many ways, the two are equally good options. However, they do differ in a few regards.

Augusta Precious Metals has a $50,000 initial minimum investment.[4] Goldco's is only $25,000, so it's better if you want to invest a smaller amount.

Augusta is known for their customer service. Before signing up, every potential customer gets a free 1-on-1 web session to learn about gold and if it's a good investment for you. This is a unique service not all gold IRA companies offer.

One area Goldco stands out in is that they promise to buy back your gold at the highest price. While Augusta does offer a buyback program, it's not a guarantee.

Either way, both companies excel in customer service, so you can trust that you'll have a good experience with either.

Goldco vs American Hartford Gold

American Hartford Gold is another precious metals IRA provider with over a thousand 5-star reviews.

They have a minimum investment of only $5,000. This is a better choice for small investors who just want to invest a little bit into gold.

If you have less than $100,000 in your account, the annual account fee is only $75. You'll pay less in fees than with Goldco.

American Hartford Gold is also well-regarded in terms of customer service. We also love their various missions to give back to the community.

Bottom Line

Goldco is a legit, reputable provider of gold and silver IRAs with an excellent track record. With thousands of positive customer service reviews, you can trust that you'll be in good hands.

Their $25,000 minimum is not high if you're rolling over your retirement account. The fees for the most part are competitive, but may be a little higher than some other companies. But it has a free silver promo that could make it worthwhile.

Plus, you can have peace of mind with their buyback program. Based on resolved complaints, it seems that Goldco truly does honor this guarantee.

References

  1. ^ Goldco. FAQs: What type of metals can I keep in my Precious Metals IRA?, Retrieved 7/24/2022
  2. ^ Internal Revenue Service. IRA FAQs - Distributions (Withdrawals), Retrieved 7/24/2022
  3. ^ U.S. Code. 26 USC 408(m)(3)(B) and (n): Individual retirement accounts, Retrieved 7/23/2022
  4. ^ Augusta Precious Metals. Are there minimum and maximum orders?, Retrieved 7/24/2022
Goldco

Free Gold IRA Kit

  • Up to $10,000 in free silver for eligible customers
  • Highest buyback price, guaranteed
  • Endorsed by Sean Hannity and Chuck Norris
Birch Gold Group

Free 2023 Information Kit

  • Free "insider" info on gold & silver
  • 1-on-1 care with a dedicated specialist
  • Endorsed by Ben Shapiro and Ron Paul
Augusta Precious Metals

Free Gold IRA Web Conference

  • Free 1-on-1 web conference designed by an on-staff, Harvard-trained economist
  • Lifetime support even after your purchase
  • Endorsed by Joe Montana, Hall of Fame Quarterback

Jeremy Harshman is a creative assistant at CreditDonkey, a personal finance comparison and reviews website. Write to Jeremy Harshman at jeremy.harshman@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

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Compare:

How much do you have saved for retirement?
10% Less than $25,000
11% $25,000 - $100,000
12% $100,000 - $250,000
19% $250,000 - $500,000
49% Over $500,000
Source: CreditDonkey poll of 2,150 respondents. Totals may not add to 100% due to rounding.
How much money do you want to invest in gold?
21% Less than $500
13% $500 - $1,000
26% $1,000 - $5,000
16% $5,000 - $10,000
23% More than $10,000
Source: CreditDonkey poll of 1,045 respondents. Totals may not add to 100% due to rounding.
Which precious metal are you likely to buy?
66% Gold
26% Silver
3% Platinum
1% Copper
4% Other
Source: CreditDonkey
Leave a comment about Goldco Review?



American Hartford Gold Review

American Hartford Gold Review

American Hartford Gold is one of the top precious metals IRA providers. But how high are the fees? Are they right for you? Read on to learn more.

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