Goldco Review
Is Goldco the best gold IRA company? Discover its fees & more in this in-depth review.
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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 | ||
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.
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
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
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.
- BBB: A+ rating, 4.83/5 from 450+ reviews
- Trustpilot: 4.8 stars from 1,050+ reviews
- Trustlink: 5 stars from 250+ reviews
- Consumer Affairs: 4.8 stars from 1,180+ reviews
- Google Reviews: 4.9 stars from 1,270+ reviews
- Business Consumer Alliance: AAA rating
Some reviews:
Donald E (on BBB)
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
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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.[2] Goldco's experts can help you choose the right mix of precious metals to meet your investment goals.
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.
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
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:
- 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
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.
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:
- First start by getting a free gold IRA kit. This kit will help you understand more about investing in gold.
- 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.
- 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.
- 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.
Get Up to $10,000 in Free Silver
Open a qualifying gold IRA and get up to $10,000 in free silver
Goldco Pricing & Fees
Gold IRA Fees
The required minimum purchase at Goldco to start a gold IRA is $25,000. Goldco's preferred Custodian charges a flat annual account service fee which includes a one-time IRA account set-up fee of $50, as well as a $30 wire fee. Annual maintenance is $100, and storage is $150 for segregated storage or $100 for non-segregated storage.
Fees for gold storage and custodianship can vary depending on the company you select to handle these services (required by the IRS, as all IRA assets must be managed by a custodian). Depending on the Custodian, storage fees can range from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1% annually. Goldco does not charge any storage fees for cash transactions over $25,000.
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.[3]
Precious Metals Storage
Due to government regulations, you cannot personally store gold and silver held in a precious metals IRA.[4] But Goldco offers a number of storage options.
Options include:
- Delaware Depository: $100 for non-segregated storage
- Brinks Salt Lake City: $100 for non-segregated storage
- International Depository Services Group (Texas): $150 for segregated storage
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
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| Visit Site | Visit Site | |
Free Gold IRA Kit - | Free Ultimate Guide to Gold IRAs - | |
| Annual Fee | ||
| Minimum Deposit | ||
| Gold IRA |  | |
| Setup Fee | ||
| Silver IRA | | |
| Platinum IRA | | |
| Palladium IRA | | |
| Buyback | ||
| Visit Site | Visit Site | |
Goldco: The required minimum purchase at Goldco to start a gold IRA is $25,000. Goldco’s preferred Custodian charges a flat annual account service fee which includes a one-time IRA account set-up fee of $50, as well as a $30 wire fee. Annual maintenance is $100, and storage is $150 for segregated storage or $100 for non-segregated storage. Fees for gold storage and custodianship can vary depending on the company you select to handle these services (required by the IRS, as all IRA assets must be managed by a custodian). Depending on the Custodian, storage fees can range from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1% annually. Goldco does not charge any storage fees for cash transactions over $25,000. | ||
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.[5] 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.
Free Ultimate Guide to Gold IRAs
- Free gold when you open an eligible gold IRA
- Zero fees for up to 10 years (everyone qualifies)
- Endorsed by Mark Levin & Jeanine Pirro
Goldco vs American Hartford Gold
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| Visit Site | Visit Site | |
Free Gold IRA Kit - | Get Up to $10,000 in Free Silver on Qualifying Purchases - | |
| Annual Fee | $175 - $225 (waived for the first year) | |
| Minimum Deposit | ||
| Gold IRA | | |
| Setup Fee | ||
| Silver IRA | | |
| Platinum IRA | | |
| Palladium IRA | | |
| Buyback | ||
| Visit Site | Visit Site | |
Goldco: The required minimum purchase at Goldco to start a gold IRA is $25,000. Goldco’s preferred Custodian charges a flat annual account service fee which includes a one-time IRA account set-up fee of $50, as well as a $30 wire fee. Annual maintenance is $100, and storage is $150 for segregated storage or $100 for non-segregated storage. Fees for gold storage and custodianship can vary depending on the company you select to handle these services (required by the IRS, as all IRA assets must be managed by a custodian). Depending on the Custodian, storage fees can range from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1% annually. Goldco does not charge any storage fees for cash transactions over $25,000. | ||
American Hartford Gold is another precious metals IRA provider with over a thousand 5-star reviews.
They have a minimum investment of only $10,000. 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.[6] 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
- ^ American Hartford Gold. Does American Hartford Gold have a minimum Gold IRA initial contribution amount?, Retrieved 7/23/2023
- ^ Goldco. FAQs: What type of metals can I keep in my Precious Metals IRA?, Retrieved 7/24/2022
- ^ Internal Revenue Service. IRA FAQs - Distributions (Withdrawals), Retrieved 7/24/2022
- ^ U.S. Code. 26 USC 408(m)(3)(B) and (n): Individual retirement accounts, Retrieved 7/23/2022
- ^ Augusta Precious Metals. Are there minimum and maximum orders?, Retrieved 7/24/2022
- ^ American Hartford Gold Group. IRA Investment Guide, Retrieved 7/23/2023
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
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
Free Ultimate Guide to Gold IRAs
- Free gold when you open an eligible gold IRA
- Zero fees for up to 10 years (everyone qualifies)
- Endorsed by Mark Levin & Jeanine Pirro
Jeremy Harshman is a creative assistant at CreditDonkey, a credit card 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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