Goldco Reviews: Fees, Ratings, BBB, Complaints, Is It legit?

Goldco Reviews: Fees, Ratings, BBB, Complaints, Is it legit?

On the brighter side, diversifying your retirement portfolio with silver and gold IRAs can be the plan to save you.

Check this Goldco review I made for reference if you're thinking of setting up a gold IRA today.

My Research of Goldco

Investing your savings in any financial securities, especially in a self-directed gold IRA, can be a huge decision. It requires careful planning of which assets to add to your retirement portfolio, so it is also crucial to partner with one of the trusted precious metals in the market — Goldco.

What Does Goldco Offer?

Goldco

Similar to all self-directed IRA companies, Goldco offers various gold and silver products to help your investments stand in market turbulence. This company provides tailor-fit solutions for its precious metal investments, including directly purchasing precious metals and opening a gold or silver IRA.

If you’re still confused with other Goldco reviews, let me discuss below how each option can provide financial security and flexibility.

>>> Click here to learn more about Goldco <<<

Precious Metal IRAs

Again, you may safely store silver bars or gold coins in insured storage at a particular depository. This is possible through investing in rare metal items using a silver or gold IRA.

When opening a self-directed gold IRA in Goldco, you must be aware of their not-so-cheap minimum investments. Goldco operates at flat rates for both maintenance and storage fees. For comparison, other precious metals companies charge based on the rate of precious metals held.

More than that, investing in precious metals can be daunting, like other available financial securities. Worry less because this precious metals dealer has several self-published ebooks and informative brochures to help you understand the investment further.

Goldco will not treat you as merely a transaction. In my experience, their customer service team is very responsive to queries. If you have any questions, just ring them up, and they'll answer quickly.

Aside from complimentary educational resources, Goldco customers can access their account executive to assist with their precious metals investment education. It includes managing the investments and opening one's self-directed IRA.

Direct Purchase of Gold and Silver

If you have no interest yet in putting your gold and silver items inside a precious metals IRA, it's alright. Goldco is also one of the gold IRA firms that deals with physical precious metals, meaning you can buy gold and silver items directly for your possession.

Like other gold IRA companies competing in the precious metals market, such as American Hartford Gold, Birch Gold Group, and Augusta Precious Metals, they allow their customers to buy physical gold and silver as retirement assets.

In addition, Goldco offers specific premium IRA-approved bars and coins, including silver coins, gold bars, gold and silver coins, and silver bars. You can put them at home or in a safe deposit box. If you change your mind and suddenly want to open an IRA account, your precious metals can qualify for storage.

After buying physical precious metals, Goldco will deliver the coins and bars to your selected depository. Or, they can send your gold and silver directly to your doorstep. Another cool feature is that you may qualify for their free gold storage — just stay tuned for Goldco's updates.

Here are eligible silver coins for direct purchases:

Silver Remembrance Day
Silver Land | Defenders of Liberty
Silver Wright Flyer
Silver Land of The Free | Bison
Silver The Grand Canyon
Silver Littoral Battleship
Silver Columbus
Silver Liberty Bell
Silver Mighty Mo

If you want to purchase gold coins, here are your options:

Gold Liberty
Gold Freedom
Gold Independence Hall
Gold Australian Striped Marlin
Gold Washington Monument
Gold American Bald Eagle
Gold Phoenix
Gold Valor
Gold Wright Flyer
Gold Australian Sea Turtle

Biggest Advantages of Goldco

The main objective of precious metals investments, especially in silver and gold IRAs, is to protect the owners' retirement savings against market fluctuations and inflation.

While Goldco may have some similarities with leading gold IRA companies like Birch Gold Group, it's important to know that they have numerous advantages to offer.

With this precious metals company, you will be reaping some of Goldco's services available, including the following:

Operates with stellar customer assistance
Highest buy-back guarantee
Free precious metals IRA investor kit
Excellent reputation in the precious metals industry
Each Goldco customer has a dedicated account specialist
USD 10,000 or more in free precious metals on qualified accounts

Do note that some terms and conditions still apply.

Upon researching this gold and silver dealer, I saw numerous claims and positive reviews regarding providing exceptional customer service. Their A+ Better Business Bureau (BBB) rating also speaks volumes about being a legitimate retirement account provider and precious metals dealer.

>>> Click here to learn more about Goldco <<<

How To Open a Goldco Precious Metals IRA

Like other gold companies, Goldco offers a free brochure that tackles precious metals investments. Fill out an online form to request a complimentary information kit.

A Goldco account representative will reach out to you with questions to specify which precious metal materials are the best fit based on your answers — it's also the perfect time to address your investment concerns.

Goldco experts will describe how the gold and silver IRAs will protect and diversify your portfolio. Aside from these experts, talk to your estate planning lawyer or financial wealth advisor to see if everything aligns with your financial capacity and situation.

Opening an account to purchase precious metals with this gold IRA provider has never been easier. Just follow these three basic procedures to get started:

1. Sign the agreement

When you open a gold or silver IRA account with this gold firm, contact your Goldco account representative and have them draft the documents. To secure the purchase, read and understand the firm's terms and conditions and sign the standard customer agreement.

Your options for allocation include a traditional IRA transfer, 401(k) plan rollover, or via TSP. I listed below Goldco's services to help you see some of their other offers:

Simple IRA Planning
SEP IRA Planning
Traditional IRA Planning
Roth IRA Planning
Precious Metals (Gold and Silver) investments
Silver and Gold IRA Rollover
401(k) fund rollover

2. Fund your precious metals account

Fortunately, this particular precious metals IRA provider offers a few payment options with their precious metals IRAS. Investors can send them through bank wire or mail the check to the main office in Los Angeles, California.

Do note that the company provides a FedEx shipping label for check payments to avoid paying shipping costs.

3. Pick the precious metals for your IRA account

After funding the account, it is time to choose which precious metal assets you want to put in your IRA account. Once done, Goldco will ship the items to your preferred depository to ensure safety and security.

Goldco Reviews and Ratings

You are looking at a precious metals dealer with over a decade of experience in the market. To this day, Goldco has earned about 4,500 5-star ratings across reputable third-party review platforms, such as Trust Pilot, Consumer Affairs, Better Business Bureau (BBB), and Business Consumer Alliance (BCA).

To start, this precious metals dealer has an average of 4.8/5 star ratings on Trust Pilot. The company also has about a thousand favorable reviews on the website.

On the other hand, Customer Affairs rates Goldco with 4.9 out of 5 stars. This came from more than 1,500 reviews on the website.

Aside from that, the Business Consumer Alliance or BCA gave an AAA company rating to Goldco. Additionally, the Better Business Bureau (BBB) gave it 4.8 out of 5-star ratings — from 674 Goldco reviews on their site.

Based on these reviews, it is crystal clear that Goldco is among the industry's leading precious metals IRA providers, with an excellent reputation for securing investors' precious metals investments.

Goldco Precious Metals' top-notch service does not stop at IRAs. They are also exceptional in providing physical assets for gold and silver collectors.

Goldco Fees

Goldco requires customers to open a gold or silver individual retirement account with a minimum investment of USD 25,000. It means if an existing account has USD 20,000 total, you still need to purchase an extra USD 5,000 to open a Goldco precious metals IRA.

Aside from the pricey base investment, there are other fees you should keep in mind. Goldco charges USD 50 to set up a gold or silver individual retirement account. On top of that, expect other additional costs after signing up.

There are annual costs for maintenance and storage to the custodian. You must pay an account administration fee of USD 80 and storage fees of USD 100 or 150 if you want to separate your assets.

While other precious metals custodians like Birch Gold Group charge their clients based on their deposit percentages, Goldco, on the other hand, uses a flat rate payment structure. It could be a green flan for high-value investors.

Flat rate payments show an inverse cost structure to manage one's IRA assets. Investing a large amount would offer a better value than buying precious metals at a lower investment percentage.

For instance, you will pay USD 180 for a USD 50,000 acquisition, which equals 0.36 percent. In contrast, paying the same amount for USD 100,000 worth of investments gets you a 0.18% rate.

Goldco Pros

Based on experience, there are numerous benefits if you choose Goldco as your precious metals custodian — their long-term standing in the industry as the leading company says a lot about their precious metals products and services.

Here are some of the reasons why you should choose Goldco over other gold IRA companies for your retirement savings:

It has a user-friendly website
Easy onboarding process
You have your account representative
It offers a tax-advantaged retirement account
The company has several gold and silver IRA specialists
It has the highest money-back guarantee
Offers free shipping and USD 10,000 free silver for qualified account holders
With thousands of favorable comments and an average of 4.9-star reviews
It has a good selection of gold and silver coins

Other Goldco benefits include that most rare metal commodities are IRA-eligible and approved. Only Silver Veterans and Chuck Norris's "Five Principles" coins are not approved for IRA.

Regardless, Goldco has a good reputation for buy-back gold prices. You can quickly bring them back to the company if you change your mind about buying precious metals.

Goldco Cons

While you can have various silver and gold bars and coins, most Goldco reviews point out that they rarely offer palladium or platinum. If you are looking for these specific metals, you might consider looking for other custodians.

Below are some negative reviews or cons you may expect in Goldco:

Hefty minimum investment of USD 25,000 for precious metals IRAs — this is comparable to American Hartford Gold, which only requires USD 15,000.
It doesn't regularly offer palladium and platinum

Frequently Asked Questions About Goldco

This Goldco review would not be that informative if there were no FAQs. Let us talk more about this precious metals IRA company below:

1. Is it possible to sell my gold assets once it is in my IRA account?

Luckily, yes! Goldco offers a buy-back guarantee regarding this concern. It means selling gold back to Goldco is possible even if it is already invested in your IRA.

More than that, the company will help you find buyers and negotiate the price on your behalf. The prices for your precious metals can either be based on the current market price or even higher.

You may contact Goldco's customer service department at support@goldco.com or call them about your other concerns.

2. Is Goldco legitimate to operate?

Yes! The company has been around for over a decade, providing high-quality precious metals and top-notch services to Goldco customers in the country. Let us not forget how the Better Business Bureau gave them an A+ rating and AAA from the Business Consumer Alliance.

Furthermore, according to the LA Business Journal, Goldco was included in the Fastest Growing Private Companies list. The American Business Awards also acknowledge Goldco as the "Company of the Year" for two consecutive years — 2021 and 2022.

3. Will I get penalized if I move my assets from my 401(k) plan to my new gold IRA account?

Yes and no. In some cases, the IRS will not penalize your account for rollover transactions. The penalty only happens when you disobey some IRS rules and regulations.

To avoid it, contact your previous company to initiate a direct IRA rollover. Another option is through indirect rollover. This time, you must withdraw your 401(k) assets and have them transferred to your new precious metals IRA account.

Remember that indirect transferring your account means your funds will be taxable for withdrawal if it takes longer than 60 days to finish the transfer. On top of that, expect a 10 percent early withdrawal liability if you wish to withdraw your funds before retirement age.

4. Does Sean Hannity endorse Goldco?

Correct! Trusted media personalities like Sean Hannity endorse Goldco Precious Metals. With countless favorable feedback and numerous awards, it shouldn't surprise you that Goldco is Sean's go-to for precious metal investments.

In addition, other known individuals like Chuck Norris recommend this Los Angeles gold IRA company to the public. It's also the only precious metals company endorsed and recommended by Sean Hannity.

5. What depositories does Goldco Precious Metals work with?

Once your account is ready for funding, the company will require you to choose where to put your precious metals assets. Goldco's default depository is the Delaware Depository. This one has over 200 years of experience with handling precious metals.

Keep in mind that you can ask your account representative for other depository options. Goldco gold IRA account holders can choose their preferred storage facility to protect their precious metal holdings.

6. How long does completing my new gold IRA account take?

Goldco's account setups usually take up to only one productive phone call between an account specialist and a customer. Based on my experience with their team, funding and finishing rollovers can take up to several weeks.

But don't worry because their team will help you gather essential documents and complete filling out forms to initiate the account setup or rollover — depending on what you need with the company.

Final Thoughts - Goldco Review

Combining my experience and reading a couple of Goldco reviews on different trusted rating sites, I conclude that Goldco is one of the reputable precious metals providers in the industry — the flattering feedback backs up Goldco's emphasis on assisting all its customers.

>>> Click here to learn more about Goldco <<<

I also appreciate their money-back guarantees. It's perfect for those still new to precious metals investing. They can seamlessly sell back the gold and silver higher than the market price.

Lastly, earning trust is always challenging, especially when discussing business and investments. What I liked about Goldco is they never disclose sales or purchases to third-party entities, providing safer precious metal investments.

I hope you found this Goldco review helpful and consider it for your precious metal investments.

Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.