January 17

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Goldco Review: Reputation, Products, Fees, and More (2023)

Ilir Salihi

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A quick google search reveals a long list of precious metal IRA 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. 

Let's get started.

goldco logo

Why Goldco?

  • 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 is a full-service gold IRA firm located in Woodland Hills, California. Founded by Trevor Gerszt in 2006, the company provides gold IRA services to investors across the United States.

Goldco also sells precious metals to customers for home delivery, but the bulk of their business is in opening gold IRAs.

CEO of Goldco Precious Metals

Founder, Trevor Gerszt

Goldco’s Industry Reputation

Due diligence is important before investing your money. In recent years, some well known gold companies have found themselves in legal battles. Established companies have been sued, and some have 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 poor business practices. Customers can go online and vent any frustrations with these gold IRA companies.

Sean Hannity endorses Goldco

We’ve curated Goldco’s complaints, reviews and ratings from verified independent websites: Let’s see how Goldco’s reputation stacks up:

  • A+ rating with the Better Business Bureau (their highest rating)
  • AAA rating with the Business Consumer Alliance (their highest rating)
  • 253 total reviews with 5 Star average rating on Trustlink (their highest rating)
  • 206 total reviews with 5 Star average rating on Consumer Affairs (their highest rating)
  • Registered member of Ethics.Net
  • 637 reviews with 5 Star average rating on TrustPilot (their highest rating)
  • Endorsed by celebrities like Sean Hannity and Chuck Norris
  • Goldco's CEO Trevor Gerszt is a member of the Los Angeles BBB Board of Directors
TrustPilot

637 Reviews on TrustPilot

We're happy to report that Goldco has built an overwhelmingly positive online reputation in their 17+ 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 2023.

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.

Request Your Free 2023 Goldco Retirement Guides Today!

Free Guides

Goldco Products and Services

The company has a variety of precious metal coins and bars available for purchase. Goldco is very familiar with navigating the tax code for Gold IRAs. If you choose to work with Goldco, your account executive can assist in putting together a portfolio that is compliant with the IRS tax rules.

Gold IRAs cannot hold collectibles, numismatic, rare, or graded coins. Examples of Goldco precious metals that are acceptable for your IRA include:

  • Gold, silver, or platinum American Eagles
  • Gold or silver Proof American Eagles
  • Gold, silver, or platinum Canadian Maple Leafs
  • Gold Vienna Philharmonics
  • Gold or silver Arctic Fox coins
  • Gold American Buffalos
  • Silver Britannias
  • Silver Mexican Libertads
  • Silver Australian Kookaburras

More information on the IRS and precious metals allowed in your IRA can be found here. Goldco has been in business for 17+ 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.

Request your free gold IRA guide and get more information on their latest promotions here...

Goldco Review: What Fees Will I Pay?

We've taken Goldco fees information directly from Goldco's website. The company's preferred IRA 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 for an IRA is $100, and storage is $150 for segregated storage or $100 for non-segregated storage. You can discuss the pros and cons of each storage type with your Goldco account rep.

Know that 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.

Note: The required minimum purchase at Goldco to start a gold IRA is $25,000.

Goldco Review: What I Don’t Like About the Company

My only complaint is that Goldco has a minimum investment of $25,000 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.

$25,000 minimum may be high for some Americans.

Summary

Goldco 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’ve decided to endorse on this website.

Visit Goldco and request your free gold investor kit. A representative will call you to confirm your shipping address and get your investor kit sent out for delivery in one-two days.

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. After taking the time to review the company, we believe you're in good hands with Goldco.

Protect Your Wealth: Request Your Free 2023 Investor Kit

Goldco Investor Kit

About the Author

Ilir writes about personal finance, entrepreneurship, and digital marketing. When he's not creating content online, he's spending time with his family in Washington, DC.

Ilir Salihi


Tags

Bitcoin IRA, gold, Gold IRA, retirement, reviews, silver


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