Goldco Review: Best Gold IRA Company?

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As the world grapples with uncertainty, inflation, and a looming recession, savvy Americans are exploring safer, more stable alternatives than the stock market for their retirement savings. One such alternative is buying physical precious metals like gold and silver through a precious metals IRA.

Among one of the leading businesses facilitating these gold and silver IRAs is Goldco. In this Goldco review, we will provide an in-depth analysis of the renowned precious metals IRA company. We’ll get into the company’s history, products, customer service record, advantages, and drawbacks of buying gold and silver with Goldco. 
Let’s get started!

Executive Summary:

Don’t have time to read the full review? Here’s what you need to know:

• Goldco has an A+ rating with the Better Business Bureau
• The gold IRA company is AAA rated with the Business Consumer Alliance
• Goldco has thousands of 5-star reviews from verified customers on Trustlink and TrustPilot
• Goldco is rated “Best Customer Support” for 2023 by Investopedia
• Goldco is ranked #1 overall gold IRA company by IncomeInsider
• Goldco offers incentives (like free silver) for customers with new qualified accounts

Request your free gold IRA guide from Goldco here.

Goldco History

With over a decade in business, Goldco’s central focus has been in helping customers diversify their retirement portfolios with gold and other precious metals.   

If you want to convert a portion of your 401(k) or IRA into physical gold, you turn to a company like Goldco that specializes in these accounts.

Goldco’s history has been shaped by founder and CEO, Trevor Gerszt’s vision to simplify the gold and silver buying process. Set out to make gold IRAs accessible to a broader range of customers, Gerszt claims transparency, reliability, and a high standard of customer service in what has been a sometimes opaque industry.

What do customers have to say about Goldco?  We’ve sifted through all of the top customer review websites to see if Goldco lives up to the founder’s vision. 

Goldco Reviews: BBB, BCA, and More

Fortunately for American buyers, it’s never been easier to learn about a business before trusting them with your hard earned money. With just a few clicks of the mouse, a disgruntled customer can share their experience with a business and broadcast a negative review across the internet.

Likewise a prospect can get online and find these customer complaints through trusted watchdog sites. We’ve surfed the internet, checked all of the major review websites as well as cross-referenced finance and industry related blogs. Here’s what we’ve found.

Goldco Ratings & Reviews

• Better Business Bureau (BBB): A+ rating with a 4.82/5-star average review 
• Business Consumer Alliance (BCA): AAA rating (highest rating)
• Trustlink:  5-star rating (based on 254 reviews and complaints)
• TrustPilot: 4.8/5-star rating (based on 1,222 reviews and complaints)
• Google Reviews: 4.9/5-star rating based on 1,728 customer reviews
• Investopedia: Rated “Best for Customer Support” for 2023
• GoldIRASecrets: #1 gold IRA Company for 2022 and 2023
• Money Magazine: Ranked as a top gold IRA company for both 2022 and 2023
• IncomeInsider: #1 gold IRA company for 2023
• ConsumerAffairs: 4.8/5-star average rating based on 1,601 reviews

With a little bit of digging, you’ll see that the company has almost overwhelmingly positive reviews based on verified feedback from thousands of real customers. Goldco’s stellar reputation makes it easy to recommend the precious metals IRA dealer to customers.

Click here to request your free “Wealth Protection Kit” from Goldco today. 

Goldco Products: Cash Buyers and Gold IRAs

Goldco markets itself almost exclusively as a precious metals IRA company, but the truth is that about 50 percent of their customers are cash buyers purchasing gold and other precious metals for direct delivery.

These are customers that may prefer to hold precious metals in their home storage, private safe, or other location of choice. Goldco has no problem fulfilling these customer orders, but their specialty from day one has been in facilitating new precious metal IRAs.

If you’re looking to buy a few thousand dollars worth of gold bullion coins to keep in your private collection, there are probably other companies that can better facilitate your needs. If you want to open a precious metals IRA and ensure your experience is simple, easy, and compliant with the IRS tax rules, you turn to a company like Goldco.

Unlike some of their competitors, Goldco can source just about any gold, silver, platinum, or palladium precious metals for your purchase (in or outside of an IRA).

Below are some of the more popular precious metals that the IRS allows in your Goldco precious metals IRA. These include:

Gold, Silver, and Platinum American Eagles (bullion and Proof) 

American Gold Buffalos

Gold and Silver Australian Striped Marlins

Gold and Silver American Bald Eagles

Gold and Silver Maple Leafs

Gold and Silver Wright Flyer coins

Gold and Silver Australian Sea Turtles

Gold Liberty coins

Gold Phoenix coins

Silver Australian Spotted Eagle Rays

Silver Great Barrier Reef coins

Various gold and silver bullion bars

This is by no means an extensive list. Consult with your gold specialist for a wide list of gold, silver, platinum, and palladium bars and coins that are eligible for purchase through Goldco.

Goldco even offers exclusive gold or silver coins not found through any other dealer, such as the “Chuck Norris - Five Principles” 1 oz silver coin. Struck by the New Zealand Mint, this coin is not IRA-eligible, but nevertheless, a unique addition to any gold and silver bug’s collection.

Learn more by visiting Goldco’s website now.

Goldco’s Gold IRA Fees

Google searches for Goldco’s gold IRA fees will unfortunately deliver conflicting information depending on the blog article you land on. We’ve reached out to Goldco directly to ensure the most up-to-date and accurate information.

According to Goldco:

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.

It’s important to note that Goldco can recommend a trusted custodian or storage partner, but ultimately, you as the customer are capable of working with any precious metals IRA custodian or storage depository of your choice.

Related: How to Buy Physical Gold with Your 401(k)

Goldco Pros & Cons

Pros

With thousands of 5-star customer reviews, a wide selection of IRA-eligible coins, and more than a decade of serving American gold buyers, there’s a lot to like about Goldco. 

In addition to their stellar reputation and selection of bullion, it’s also important to note that Goldco offers some unique incentives for new customers opening their gold IRA. 

For example, at the time of this writing, new customers can get up to 5% back in FREE silver when you invest $50,000 - $99,000. Get up to 10% in FREE Silver when you invest $100,000 or more. Of course, confirm any limited or ongoing promotions with your Goldco specialist as offers may change.  

Cons

Goldco’s website doesn’t give as much information as we’d like about the company and their offerings. For example, we had to reach out to Goldco in order to get information about their custodian, storage partners, and details on their gold IRA fees.

It would also be nice if their website gave pricing information on specific coins and bars. To be fair, most other gold IRA companies do not offer this information directly on their website either. 

You’ll have to get on the phone with someone at Goldco in order to get these specifics. 

Request your free gold IRA guide here.

Goldco Reviews: Hear Why Customers Choose Goldco

Goldco Alternatives: Is Goldco the Best Gold IRA Company?

If you’re just getting started on your search for a precious metals dealer, it can seem a bit overwhelming. TV, internet, and radio ads are all blasting ads from different companies claiming to be the ‘best gold IRA company’ for you to trust with your retirement savings.

While we recommend Goldco to our readers, it’s important to perform due diligence and contact two or more gold companies before making any decisions. Request a gold IRA guide from more than one company. Compare fees, pricing, and overall reputation.

Some of the top gold IRA companies doing business in the U.S include:

• Augusta Precious Metals: Ask about their free one-on-one webinar developed by their Harvard trained director of education, Devlyn Steele.
• Birch Gold Group: The gold IRA company offers excellent incentives for new accounts. For example, customers can earn up to $10,000 in free silver.
• American Hartford Gold: This gold IRA provider also offers free gold with new accounts and will cover all IRA fees for up to three years.  

Similar to Goldco, each of these three companies also have an A+ rating with the BBB, a triple A rating with the BCA, and hundreds of verified 5-star customer reviews on watchdog sites such as Trustlink and TrustPilot. 

They each offer their own unique incentives for new customers. For example, Augusta Precious Metals will cover all IRA fees for up to ten years. Birch Gold will give qualifying accounts up to $5,000 in free silver. 

Request more information from Goldco, but also compare their reputation, fees, and special offers with a few competitors. Taking the time to research will ensure you’re working with the best dealer for your gold IRA. 

Don’t hesitate to ask questions and make these companies work to earn your business.

Request your free “Wealth Protection Kit” from Goldco today.

Goldco Review - Trusted Gold IRA Company?

Whether you’re an experienced buyer looking to diversify your 401(k) with precious metals, or a beginner seeking to understand more about gold as an investment, you’re in good hands with Goldco.

The company holds the highest ratings with the Better Business Bureau, the Business Consumer Alliance, and has earned thousands of 5-star reviews in over ten years of business serving U.S. customers.

In our review, Goldco has a wider selection of precious metals than some of their competitors, they offer incentives (like free gold) to new account holders, and they’ve been endorsed by celebrities like Sean Hannity and Chuck Norris. 

If you want a trusted name in precious metals IRA, you’ll have trouble finding a provider with as strong of a reputation and track record as Goldco.  

Request more information from Goldco here. You’ll be glad you did.

Precious Metals IRA FAQs:

What is a Gold IRA?

A gold IRA (Individual Retirement Account) is a type of self-directed IRA that allows you to buy physical gold and other precious metals. This can be beneficial if you want to diversify your retirement savings with alternative assets not typically found in traditional 401(k)s and other retirement accounts.

What you need to know about gold or silver IRAs:

Type of metals: Precious metals IRAs can hold a variety of metals in addition to gold bullion, such as silver, platinum, and palladium, provided the bullion bars and coins meet IRS fineness standards. 

For example, gold IRA eligible bullion must meet a minimum purity requirement of .995. Examples of popular gold coins allowed for inclusion in an IRA include American Gold Buffalos, Canadian Maple Leafs, and Australian Gold Kangaroos.

In addition to the purity requirements, the IRS limits IRA-eligible coins to bullion products, excluding numismatic, rare, or collectible coins.

It is important to note, the IRS has made an exception only for the American Gold Eagles (bullion and proofs). Both versions of the Gold American Eagles are only .9167 fine, and both very popular with gold or silver IRA customers.

Storage: The gold in an IRA must be held in an IRS-approved vault depository. Avoid any companies that claim you can store your gold IRA at home. It sounds like a great idea. 

Gold you can hold, combined with the tax advantages of an IRA. Don’t believe the sales pitch. If you’re not careful, you could end up with hefty penalties and hot water with the IRS... Read more here. 

Popular depository storage options include the Delaware Depository, Texas Depository, Brinks, and International Depository Services (IDS). Storage fees are modest (as little as $100 annually) and not worth the potential tax implications of a home storage gold IRA.

How Does a Precious Metals IRA Work?

You can either open a new IRA account or roll over a portion of an existing retirement account into your gold IRA. You then purchase IRA-eligible precious metals from a gold dealer, and have your metals stored in an IRS-approved vault depository.

How Long Does it Take to Roll Over My IRA?

Each customer is unique and the times can vary. If you choose to work with Goldco, it will typically take under two weeks. 

Goldco’s precious metals specialists will help gather all required documents and can better provide an estimate for how long it will take to open your Goldco gold IRA.

Related: Buy Physical Gold & Silver (Tax-Free) with Your 401(k)

Is Gold an “Inflation-Proof” asset?

One of the key attractions to gold and silver is its potential as a hedge against inflation and economic downturns. 

However, it’s important to understand that the value of the gold in your IRA can fluctuate just like stocks, real estate, or any other investment. No investment is inflation-proof. Consider gold as part of a diversified investment strategy.

Gold or Silver IRA companies sell precious metals like gold and silver coins. They are not financial advisors. 

Make sure to consult with a trusted financial advisor and a tax professional before making any decisions with your savings. Learn all of the potential benefits and drawbacks of buying gold with your IRA.

What are the Tax Implications of a precious metals IRA?

You can open a traditional or Roth self-directed IRA. The same tax rules apply as with any Individual Retirement Account. 

For example, if your precious metals IRA is a traditional IRA, contributions can be tax deductible, and the value of your account grows tax-deferred. Distributions are generally taxed as ordinary income.

Where can I learn more about precious metals and how to open a gold or silver IRA account?

Goldco will send a gold IRA kit to your home. This Goldco precious metals IRA guide includes educational material to better explain gold IRAs and what you can expect from working with Goldco.  Request your free gold IRA kit here today.