Goldco Reviews 2024: Weighing the Pros, Cons, Fees & More

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Last Updated: January 23, 2024

In the world of precious metals investing, few names stand out as prominently as Goldco. As a leading provider of gold IRAs, Goldco has established itself as a trusted name in the industry, offering a range of services that cater to both novice and seasoned investors. This Goldco review aims to provide an in-depth look at the company, shedding light on its offerings, processes, and reputation.

Key Highlights

  • Trusted Provider: Goldco has been in the industry for years, earning the trust of thousands of investors.
  • Diverse Precious Metals Selection: Beyond gold, Goldco offers a range of precious metals for IRAs.
  • Transparent Fee Structure: Goldco prides itself on its clear and competitive fee structure.

Goldco Overview

Silver IRA Rollover Experts
#1 Gold IRA Company for 2024
9.8/10Our Score

Goldco is our top-rated Gold IRA company for 2024. They offer a professional, hassle-free experience, and here to help you every step of the way on your gold IRA journey. They also feature the following highlights:

  • A+ BBB Rating
  • Recommended by Sean Hannity
  • Get up to $10,000 in FREE silver 
  • Simple 3-Step Gold IRA Process

"I learned early on to put a percentage of earnings in gold and silver. That’s why I recommend Goldco." -Sean Hannity

Goldco stands as a beacon in the precious metals industry, with its roots firmly planted in the Los Angeles area. With over a decade of dedicated service, Goldco has been instrumental in assisting countless customers in safeguarding their retirement savings.

Here’s a deeper dive into what makes Goldco a preferred choice for many:

  • Who They Are: Goldco is a privately held entity that has been in operation for over a decade. Their primary focus is on helping customers protect their retirement savings. This can be achieved either by diversifying retirement assets into a Precious Metals IRA or by directly purchasing gold and silver.
  • Reputation and Endorsements: Goldco’s reputation is not just built on words but is endorsed by major media leaders. Names like Sean Hannity, Chuck Norris, Ben Stein, and Stew Peters have recommended Goldco, making it the only precious metal company they vouch for to their vast audiences, as well as their personal circles.
  • Services Offered: Goldco isn’t just about IRAs. They offer a broad spectrum of services. Whether you have an IRA, 401(k), 403(b), TSP, or a similar tax-advantaged retirement account, Goldco’s specialists can guide you in protecting those assets with a Precious Metals IRA. Additionally, they also facilitate direct sales of gold and silver to customers. If you have savings, Goldco can assist in diversifying those funds with precious metals.
  • Recognition and Ratings: Goldco’s commitment to excellence is evident in its ratings and reviews. They boast an A+ rating from the Better Business Bureau and a Triple-A rating from the Business Consumer Alliance. Their dedication to quality customer service, reliability, and ethical business practices has garnered them thousands of satisfied customers, resulting in over 5,000 five-star reviews.
  • Buy Back Program: Goldco understands that circumstances can change. Hence, they offer a buy back program, ensuring that customers can sell their precious metals back at the highest possible price. This program underscores Goldco’s commitment to providing the best possible precious metals and ensuring comfort and security with every purchase.
  • Mission and Vision: Goldco’s mission is rooted in aiding Americans to achieve enhanced financial security. They firmly believe in the power of precious metal ownership as a pivotal part of an individual’s overall retirement savings strategy. Their goal is straightforward: to simplify the process of investing in precious metals. They aim to provide top-tier customer service based on trust, always striving for 100% customer satisfaction.
  • Business Growth and Accolades: Goldco’s journey has been marked by significant business growth, especially as they adapted to meet the needs of everyday Americans. They have seen their staff triple in size over the past year, placing over $2 billion in gold and silver since their inception. Their success hasn’t gone unnoticed. Goldco has been featured on Inc. 5000’s list of Fastest Growing Private Companies for seven consecutive years. They have also been recognized by Money.com for “Best Customer Service” and have been named as one of the top 25 fastest-growing private companies in Los Angeles by the Los Angeles Business Journal.

In essence, Goldco is more than just a precious metals company. It’s a testament to dedication, commitment, and a vision to provide Americans with a secure financial future.

Goldco Gold & Silver IRA: Simple 3-Step Set Up Process

Goldco has streamlined the process of setting up a Gold IRA to ensure that individuals can effortlessly secure their retirement savings with precious metals. Here’s a breakdown of their simple 3-step set up process:

  1. Open a Precious Metals IRA:
    • The first step involves opening a new Precious Metals IRA with Goldco. This is initiated by signing an agreement that ensures you understand Goldco’s terms of doing business.
    • A company representative will guide you throughout this process, ensuring that you are well-informed and comfortable with each step.
  2. Fund Your IRA:
    • Once your Precious Metals IRA is set up, the next step is to fund it. This can be achieved by rolling over assets from your existing retirement accounts.
    • Various retirement accounts can be considered for this purpose, including 401(k), 403(b), TSP, savings, or other IRA accounts.
    • The best part is that these rollovers and transfers typically occur without any tax consequences, ensuring that your savings remain intact.
  3. Choose Your Precious Metals:
    • With your IRA funded, you now have the liberty to choose which precious metals you’d like to include in your portfolio.
    • Goldco offers a wide range of precious metals, allowing you to diversify your holdings and select metals that align with your investment goals.

Goldco emphasizes the importance of owning physical gold or silver as part of a comprehensive retirement savings strategy. They believe that precious metals offer stability and protection against the unpredictable nature of traditional markets. By simplifying the process of investing in precious metals, Goldco ensures that individuals can easily integrate gold and silver into their retirement plans, providing an added layer of security for their future.

Goldco 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.”

Precious Metals Available for IRA

several gold and silver coins from Goldco precious metals

Goldco Gold Coins

Goldco offers a variety of gold coins that are eligible for inclusion in a self-directed IRA. These coins are not only a tangible asset but also a means to protect your wealth against economic downturns, inflation, and geopolitical risks. Some of the notable gold coins offered by Goldco include:

  1. American Gold Eagle Coin – This coin is recognized worldwide and is backed by the U.S. government for its weight, content, and purity. It’s available in various denominations, making it accessible for all types of investors.
  2. Canadian Gold Maple Leaf Coin – Known for its high gold purity of .9999 fine gold, this coin is one of the purest gold coins available in the market. It features the iconic maple leaf design, symbolizing Canada.
  3. Australian Gold Kangaroo Coin – This coin showcases the iconic kangaroo, a symbol of Australia. It’s minted in .9999 fine gold and is recognized for its beauty and craftsmanship.
  4. Austrian Gold Philharmonic Coin – Celebrating the Vienna Philharmonic Orchestra, this coin is struck in .9999 fine gold. It’s one of Europe’s most popular gold coins and is known for its detailed design.
  5. South African Gold Krugerrand Coin – One of the oldest gold coins available, the Krugerrand is recognized globally. It’s minted in .9167 fine gold and has been a staple for gold investors for decades.

Goldco Silver Coins

Goldco also offers a selection of silver coins suitable for IRAs. Investing in silver can be a great way to diversify your portfolio and hedge against economic uncertainties. Some of the silver coins provided by Goldco are:

  1. American Silver Eagle Coin – Backed by the U.S. government, this coin is minted in .999 fine silver. It’s one of the most popular silver coins globally and is recognized for its design and purity.
  2. Canadian Silver Maple Leaf Coin – Struck in .9999 fine silver, this coin is known for its high purity and the iconic maple leaf design.
  3. Australian Silver Kangaroo Coin – Featuring the renowned kangaroo design, this coin is minted in .9999 fine silver. It’s recognized for its beauty and craftsmanship.
  4. Austrian Silver Philharmonic Coin – This coin celebrates the Vienna Philharmonic Orchestra and is struck in .999 fine silver. It’s a popular choice among silver investors in Europe.
  5. South African Silver Krugerrand Coin – A counterpart to the gold Krugerrand, this coin is minted in .999 fine silver. It’s globally recognized and has been a favorite among silver enthusiasts.

Platinum and Palladium Options

Platinum and palladium are two other precious metals that can be considered for inclusion in an IRA. Both metals are rarer than gold and silver, making them potentially valuable assets for diversification. While specific options for Platinum and Palladium were not detailed in the provided links, it’s essential to research and consult with financial experts to understand the benefits and risks associated with investing in these metals.

Where is the Gold Stored?

Goldco partners with top-tier storage facilities to ensure your investments are safe. These depositories are IRS-approved and provide state-of-the-art security measures, ensuring your precious metals are protected against theft, damage, and other potential risks.

RELATED READING: Best Gold IRA Companies

Why We Recommend Goldco for Gold IRAs

Silver IRA Rollover Experts
#1 Gold IRA Company for 2024
9.8/10Our Score

Goldco is our top-rated Gold IRA company for 2024. They offer a professional, hassle-free experience, and here to help you every step of the way on your gold IRA journey. They also feature the following highlights:

  • A+ BBB Rating
  • Recommended by Sean Hannity
  • Get up to $10,000 in FREE silver 
  • Simple 3-Step Gold IRA Process

"I learned early on to put a percentage of earnings in gold and silver. That’s why I recommend Goldco." -Sean Hannity

  1. Expertise in the Field: Goldco stands out as a leader in the precious metals industry, with years of experience under its belt. Their team of experts is well-versed in the nuances of gold investments, ensuring that clients receive the best advice tailored to their individual needs.
  2. Comprehensive Education: Goldco believes in empowering its clients with knowledge. They offer a plethora of educational resources, from detailed articles to webinars, ensuring that investors are well-informed about the benefits and intricacies of gold IRAs.
  3. Transparent Fee Structure: One of the hallmarks of a trustworthy company is transparency, and Goldco excels in this regard. They provide a clear breakdown of their fee structure, ensuring there are no hidden charges or surprises for their clients.
  4. Diverse Range of Products: Goldco offers a wide variety of precious metals eligible for IRAs, from gold and silver coins to platinum and palladium options. This diversity allows investors to tailor their portfolios according to their risk tolerance and investment goals.
  5. Secure Storage Options: The safety of one’s investment is paramount, and Goldco understands this. They collaborate with some of the most secure storage facilities worldwide, ensuring that clients’ precious metals are stored under the highest security standards.
  6. Stellar Customer Service: Goldco prides itself on its customer-centric approach. Their dedicated team is always ready to assist clients, whether it’s answering queries, providing guidance, or assisting with the setup process. Their high ratings and positive reviews are a testament to their commitment to customer satisfaction.
  7. Hassle-free Setup Process: As highlighted earlier, Goldco offers a simple 3-step setup process for gold IRAs, making it easy even for those new to the world of precious metal investments.
  8. Ethical Practices: Goldco operates with integrity and adheres to the highest ethical standards. They are committed to providing honest and transparent services to their clients, ensuring peace of mind for investors.
  9. Positive Customer Reviews: A quick glance at customer feedback and reviews reveals a high level of satisfaction among Goldco clients. Their professionalism, expertise, and dedication to serving their clients have earned them accolades and trust in the industry.
  10. Future-Proofing Your Retirement: With economic uncertainties on the horizon, diversifying one’s portfolio with tangible assets like gold can offer a safety net. Goldco provides the means to do so, ensuring that clients have a robust and diversified retirement portfolio.

Goldco’s reputation, expertise, and commitment to its clients make it a top choice for those considering gold IRAs. Their holistic approach, from education to secure storage, ensures that investors are in capable hands.

Goldco Pros and Cons

While we enthusiastically recommend Goldco, it’s always important to weigh a company’s pros and cons before making any investment decision, so here’s a look at Goldco’s:

Pros:

  1. Industry Expertise: With years of experience, Goldco has established itself as a leader in the precious metals industry, ensuring clients receive expert advice and guidance.
  2. Transparent Fee Structure: Goldco offers a clear and upfront fee structure, eliminating any concerns about hidden charges or unexpected fees.
  3. Diverse Product Range: From gold and silver to platinum and palladium, Goldco provides a wide variety of precious metals, allowing investors to diversify their portfolios.
  4. Secure Storage: Partnering with top-tier storage facilities, Goldco ensures that clients’ investments are stored securely and safely.
  5. Educational Resources: Goldco places a strong emphasis on client education, offering a range of resources to help investors make informed decisions.
  6. Stellar Customer Service: With a dedicated team and a customer-centric approach, Goldco has garnered numerous positive reviews and high ratings for its service.
  7. Simple Setup Process: The 3-step setup process for gold IRAs is straightforward and hassle-free, catering to both novice and seasoned investors.
  8. Ethical Business Practices: Goldco operates with integrity and transparency, ensuring clients’ peace of mind.
  9. Positive Endorsements: With endorsements from notable figures and media personalities, Goldco’s reputation is further solidified.
  10. Buy Back Program: Goldco’s buy back program ensures that clients can sell back their precious metals at competitive prices if needed.

Cons:

  1. Limited Online Pricing Information: Potential clients might want more upfront information about product pricing without having to initiate a consultation.
  2. Focus on Precious Metals: While this is their expertise, those looking for a broader range of investment options might need to look elsewhere.
  3. Minimum Investment Requirement: Goldco might have a minimum investment requirement, which could be a barrier for some potential investors.
  4. No Direct International Shipping: For clients outside the U.S., direct shipping of physical metals might not be available.

While Goldco offers numerous advantages for those looking to invest in precious metals, it’s essential to consider both the pros and cons to make an informed decision. As always, potential investors should conduct their research and consult with financial advisors before making any investment decisions.

Customer Reviews and Feedback

Goldco’s commitment to excellence is reflected in its customer reviews. Many highlight the company’s professionalism, knowledge, and dedication to client satisfaction. With a high rating across multiple review platforms, it’s evident that Goldco delivers on its promises.

Here are a few reviews via TrustPilot that we wanted to share here:

I’ve purchased silver and gold from Goldco for years. Silver bars, some gold 1oz coins, and even some of their cool Chuck Norris coins. My experience has always been great, and shipping was fast. I plan to continue using Goldco as my precious metals retailer.

Robert was excellent in handling all my questions. He, along with others, made it such an easy process to transfer my 452b funds over to Gold & Silver IRAs. Thank you all for making this truly a remarkable experience. I feel confident now with my funds being safe, along with a better investment.

I knew little about precious metals when I started my relationship with Goldco. The Goldco rep. (Arthur Schwartz) did a fantastic job of explaining the process of acquiring a Precious Metals IRA and I subsequently rolled over my IRA. Several months later, I established a precious metals cash account with Goldco. I trust Goldco completely and am so glad I now have most of my money in precious metals!

These are just a few reviews, and of course there are many more online that you can read – see more at the Goldco website.

Summary

Goldco stands out as a leading name in the precious metals investment industry. With its transparent processes, diverse offerings, and unwavering commitment to customer satisfaction, it’s no wonder they come highly recommended. Whether you’re new to gold IRAs or a seasoned investor, Goldco offers the expertise and resources to help you make informed decisions.

You Should Consider Goldco if…

  • You’re looking to diversify your portfolio with precious metals.
  • You value transparency and clear communication.
  • You want a hassle-free process with expert guidance every step of the way.
  • You want a chance at up to $10,000 in Free silver on qualified orders…