A quick google search reveals a long list of precious metals “specialists” ready to help rollover a portion of your retirement savings into physical gold and silver. In this Goldco review, we’ll take a close look at Goldco Precious Metals firm, the company fees, reputation, their online complaints, and more.
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- Highly rated with TrustLink, TrustPilot, BBB, BCA, & Google Reviews.
- The company has specialized in gold and silver IRAs since 2006.
- The company offers a wide selection of IRA-eligible precious metals (gold, silver, platinum, & palladium).
Goldco: Company History
Goldco Precious Metals is a full-service firm located in Woodland Hills, California. Founded by Trevor Gerszt in 2006, the company’s main focus is providing precious metals IRAs.
In 2017, Trevor Gerszt’s Goldco firm also began offering cryptocurrencies. The firm launched CoinIRA.com, a subsidiary of Goldco to handle the cryptocurrency IRA accounts.
Goldco’s Industry Reputation
Due diligence is important before investing your money. In recent years, some gold companies have found themselves in legal battles. Established companies have been sued, and even gone out of business for unethical business practices and Gold IRA Scams…
So where do investors turn to assure they’re working with a legit gold IRA dealer?
Fortunately, the internet makes it difficult for companies to hide any poor business practices. Clients can go online and vent any frustrations with these gold IRA companies.
We’ve curated all of Goldco’s reviews and ratings from verified independent websites: Let’s see how Goldco’s reputation stacks up:
Goldco Precious Metals has been in business for more than thirteen years. This is plenty of time to accumulate negative reviews and complaints from any disgruntled clients.
In our research for this Goldco Precious Metals review, negative feedback for Goldco is difficult to find online.
Based on our research into the firm, we’ve decided to add Goldco to the top of our list of recommended gold dealers for 2020.
We’ve vetted 50+ companies. At the time of this writing, only a select few companies have made our list.
Request Your Free 2021 Goldco Retirement Guides Today!
Goldco Products: What Precious Metals Do They Sell
The company has a variety of metal coins and bars available. Goldco is very familiar with navigating the tax code for Gold IRAs. Their account executives can assist in putting together a portfolio that is compliant with the IRS.
Gold IRAs cannot hold numismatic or graded coins. Examples of Goldco precious metals that are IRA friendly include:
More information on the IRS and Precious Metals IRA acceptable coins can be found here.
Note: Goldco is currently offering a free 10th year anniversary coin with all new Gold IRA applications.
Get your free gold IRA guide and Goldco anniversary coin here...
Goldco Review: What Fees Will I Pay?
These are fees you can expect with a Gold IRA account.
- Goldco charges a one-time fee of $50 to open a self-directed Precious Metals IRA.
- Annual administrative fees vary from $80 to $180 depending on non-segregated or segregated vault storage
- Annual storage fees vary between $100-$150. This also depending on whether or not you choose segregated vault storage.
- Goldco charges a $30 wire fee to transfer funds
Note that the company often runs promotions in which some of these costs may end up at a discount, or even waived. Be sure to not only compare with one or two competitors, but also check with your account executive for exact costs and have this all in writing.
Goldco Review: What I Don’t Like About the Company
My only complaint is that Goldco has a minimum investment of $20,000 for their IRA accounts. For non-IRA deals, the company will handle purchases as low as $3,500.00.
While I understand that 401(k) or IRA rollovers are usually larger investments, I know that some competitors will open a Gold IRA for as low as $10,000.
These minimums are high for most Americans and I think this threshold will keep many from qualifying to do business with them.
Goldco Precious Metals is a highly rated firm. It appears they really care to do their clients right, and it is reflected in their high rankings across independent verified review sites.
The company has low fees, reasonable pricing, a generous buyback program, and more. Goldco is currently one of just a few precious metals dealers that we’re endorsing on this website.
Visit Goldco Precious Metals and request their gold investor kit. Get on the phone, ask questions, and make sure to compare the gold firm with at least two or three competitors before making any investment decision.
Taking the time to research now will ensure your finances are in good hands.
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