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, an offshoot 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. Customers can go online and vent any frustrations with these gold IRA companies.
We’ve curated Goldco’s complaints, reviews and ratings from verified independent websites: Let’s see how Goldco’s reputation stacks up:
We're happy to report that Goldco Precious Metals has built an overwhelmingly positive online reputation in their 15+ years of serving gold IRA customers across the United States.
Based on our research into the firm, we’ve decided to add Goldco to the top of our list of recommended gold dealers for 2022.
We’ve vetted 25+ companies. At the time of this writing, only a select few companies have made our list of reputable gold IRA partners.
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Goldco Products and Services
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 acceptable for your IRA include:
More information on the IRS and Precious Metals allowed in your IRA can be found here. Goldco has been in business for 16+ years and can source any IRA-eligible coin you may be interested in buying.
Note: Goldco regularly offers promotions and incentives for new customers. Check out their website to learn more about their latest promotional offers.
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 custodial fees with Equity Trust = $80
- Annual storage fees vary between $100-$150. This depends on whether you prefer segregated or non-segregated vault storage for your metals. You can discuss these options with Goldco.
- 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 entirely. Be sure to not only compare with one or two competitors, but also check with Goldco for any promotions.
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.
$20,000 minimum may be high for some Americans.
Goldco Precious Metals is a highly rated firm. It appears they really care to do their customers 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. A representative will call you to confirm your shipping address in order to mail your investor kit.
If you're ready to get started, you can ask to get transferred to their IRA department and ask any questions you might have about the process.
Take the time to research and ask questions, but in our Goldco review, you're in good hands with Goldco.
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