Most people are taught the importance of retirement savings from their childhood. Retirement is meant to be the moment when you can comfortably enjoy the remainder of your life. The keys to making it happen are diversifying your standard IRA into a Gold IRA and investing in precious metals that preserve its value.
Nevertheless, not all gold IRA companies are created equal, so we did our research and discovered many excellent Goldco Reviews. Let’s learn more about Goldco and its precious metals investments.
Who Is Goldco?
Goldco Precious Metals (Goldco) specialized in gold and silver Individual Retirement Accounts (IRAs). This privately-owned company is one of the leading firms in the US that deals with asset and wealth protection.
It was established as Gerson Financial Group LLC in 2006. The business’ first priority was on selling precious metals to other businesses. Trevor Gerszt acquired it in 2011 and gave it a new name, Goldco Direct. The name eventually changed to Goldco Precious Metals.
This California-based business assists individuals in safeguarding their retirement funds by converting a 401(k), IRA, or 403(b) to a precious metals IRA. It has broadened its primary service of selling gold and silver to those looking for a reliable investment by adding precious metals IRAs.
With 16 years of experience in the financial investing industry, it has consistently upheld its pledge to safeguard Americans’ retirement savings through the use of precious metals as a backup.
Goldco ensures the protection and growth of your retirement funds with an A+ rating from the Better Business Bureau and a Triple-A rating from the Business Consumer Alliance.
Numerous organizations and business magazines acknowledged Goldco’s outstanding performance and high trust ratings. The Los Angeles Business Journal ranked it as the 17th fastest-growing business in the LA region. Goldco was ranked as the third-fastest-growing financial services company in the US by Inc. Magazine back in 2015.
It won the Company of the Year prize at the 2021 American Business Awards. Celebrities, such as American talk show personality Sean Hannity have openly embraced and supported the business’s efforts to inform the public about the advantages of investing in gold and silver.
Why Should You Choose Goldco?
You can sometimes tell a lot about a person by the company they keep in life. Naturally, there are two sides to that. In any case, a company’s efforts to build connections with its spokespeople reveal a lot about it.
Chuck Norris and Sean Hannity have joined forces with Goldco to serve as its brand ambassadors. Whatever else you might say about the two men, we all understand that they are steadfast in their beliefs and that what you see is what you get.
Both of them have publicly indicated that they will not recommend any other gold companies to family or friends, in addition to openly endorsing Goldco. Given how important reputation and relationships are to these men, that means a lot.
When evaluating any company, it’s crucial to look at the positive and negative reviews. Any Goldco complaints can be found on the Better Business Bureau website. However, most of these complaints have been resolved and the customers are satisfied. Furthermore, the majority of these relate to unsolicited calls, which Goldco has since taken care of.
The other criticism Goldco received is that people thought the value of the gold and silver coins wasn’t accurate. Goldco made the offer to the client in a number of these instances to buy the coins back at a profit.
At a Glance:
BBB Rating: A+
BBB Complaints: 4.84/5 – 12 dealt with in the previous three years
BCA Rating: AAA
BCA Complaints: One – resolved
Google My Business: 4.9/5 – 904 reviews
Trustpilot: 4.9/5 – 766 reviews
TrustLink: 4.9/5 – 253 reviews
Consumer Affairs: 4.8/5 – 849 reviews
What Makes Goldco Different?
Goldco is aware of your desire for stability. This crucial aspect serves as the foundation of Goldco’s whole business strategy. A precious metals IRA helps provide security and stability during turbulent times.
The strength of gold is one thing that hasn’t changed over time. Even more recent, internet-based financial institutions are aware that the value of gold has grown over time.
Furthermore, the commitment of Goldco to your financial security is evident in the way they cover the price of gold in the market. You can constantly view current and past data on gold prices so that you may make decisions with relevant knowledge.
Goldco is aware of this and has restricted its selection of gold and silver to the purest, most-stable forms available. More than 15 coins from authorized government mints throughout the world are available in its catalog, and they’re all IRA-eligible.
In addition to coins, Goldco also sells a range of IRA-approved bars in both gold and silver that come in various weights. The one thing that all of these Goldco precious metals have in common is the purity. All of Goldco’s bars are.9999 fine.
What Products and Services Does Goldco Offer?
Goldco, a full-service precious metals corporation, offers both tangible forms of gold, silver, and other precious metals as well as IRAs. Contact the Goldco team for advice if you’re debating whether it is the better choice for your precious metals IRA.
Gold is typically the most secure investment. Issues with the economy, politics, or society hardly ever have an impact on its worth. The volatility that other precious metal retirement plans encounter is not a problem for this one.
Silver, rather than gold, is a superior choice when it comes to protecting wealth. When considering its worth over time, silver’s finite nature appeals to most investors.
Goldco provides IRAs that are backed by gold or silver, using its knowledge of precious metals. Additionally, it offers brokerage services to anyone interested in purchasing or selling their precious metals.
Goldco Precious Metals IRA
The Goldco Precious Metals company makes it simple and stress-free to start a new gold IRA or roll over your current retirement account. Additionally, professionals will help you choose the most suitable precious metal investment and reliable depository.
Goldco collaborates with independent storage providers that provide cutting-edge vaults. However, as a top gold IRA custodian, it suggests Equity Trust Company.
The IRS mandates Gold IRA providers to adhere to the quality and purity standards of the precious metals bars, coins, and bullions. When it comes to gold coin investments in gold IRAs, the minimum fineness requirement is .995. Silver coins must have a minimum purity of .999.
Buy Gold Through Your Precious Metals IRA
Review the IRS regulations to identify certified and legal gold items.
It is up to you to choose what you want to invest in with your gold IRA or silver IRA. You should receive all necessary documentation from your gold IRA custodian to guarantee that your purchase is verified.
Find out how your precious metals will be shipped and whether they will be insured during the voyage to make sure they arrive at the protected storage facility safely.
Goldco offers the best buyback guarantee to its clients. The need to search for haphazard coin merchants who would attempt to provide lowball prices for your gold or silver coins is thus eliminated.
You can sell the actual bars or coins you purchased from Goldco back to the firm when it’s time to liquidate your gold or silver IRA, or if you want to get rid of them.
Additionally, you can request assistance with the transaction from your precious metals broker.
All that remains to be done is to await payment. If you decide not to sell them back to the organization, you can always turn down the offer.
How to Get Started
Opening an account with Goldco is quite simple. It is a three-step method that is accessible to and understandable by everybody.
Step One: Open Your IRA Account
The simplest approach to learning more about investing in precious metals is to complete the online Goldco application on the company’s website. The link is below.
A gold IRA expert will contact you and help you with the rest of the process.
You will be required to provide personal information, such as your social security number when creating a new self-directed account in order to verify your identification.
To assist you with your investment strategy, Goldco will send you an email with informational resources regarding precious metal possibilities. You can then determine the appropriate precious metals investments for you.
An account professional can help you with the rollover process if you already have an IRA and want to convert it to a Goldco precious metals IRA.
When converting a traditional IRA into a Gold IRA, the company has a team of knowledgeable and qualified advisors that can help you avoid any potential pitfalls that could result in paying penalties and taxes.
Step Two: Fund Your IRA
There are numerous ways to fund your precious metals IRA with Goldco. Rolling over your existing retirement account or 401(k) is one of the most popular options.
Don’t worry if you don’t know how to do that. In order to ensure that you do not incur any tax fines or penalties when converting your retirement to a precious metals IRA, Goldco agents will guide you through the procedure.
Do you have a retirement account that isn’t traditional? That’s not an issue either. Goldco can help whether you have a traditional savings account, Thrift Savings Program, 403(b), or any other type of existing retirement account.
Step Three: Purchase Precious Metals
You hold all the power in this situation. You can go through the remarkable selection of bars and coins offered by Goldco with confidence, as each one is marked for IRA eligibility, purity, and minter. Nothing about the procedure is left to chance.
Pros & Cons
Have a look at the following advantages and disadvantages to help you determine if Goldco is the best gold IRA firm for you:
A+ rating from the Better Business Bureau
Solid endorsements from famous figures
Excellent customer service
Verified reviews from Trustpilot and TrustLink
All gold and silver bars and coins are certified
Consumer Affairs Accredited
A beginner-friendly IRA company
Your information kit might take a few days to arrive (it’s worth the wait)
Finding pricing information before you sign up can be challenging
Is Goldco the best business to handle precious metal IRAs? The great qualities of working with them are attested to by thousands of clients. By providing gold or silver IRAs or actual coins, Goldco increases the accessibility of investing in precious metals for regular employees.
Due to the fact that your investments are held by a trustworthy custodian of your choosing, you don’t need to worry about them.
We found a lot to appreciate in how much information they provide on their actual precious metal products, even if we would have liked to see more regarding price and storage fees on the site.
Overall, they absolutely merit you viewing the free information kit so that you can make your own informed decision.
Therefore, we are confident in claiming that picking Goldco is the wise move to expand your retirement portfolio based on the advantages it delivers, such as verified user reviews, a low-fee model, as well as a buyback guarantee.
Is Goldco Trustworthy?
You can trust Goldco without a doubt. In addition to receiving pristine celebrity endorsements, they also receive BBB oversight and the best possible A+ grade.
What Is a Buyback?
In any sector, a buyback is necessary when you need to sell your asset before it matures. Essentially, you can sell it to Goldco if you invest money in gold and need to get that money back before selling the gold on the open market. They promise to always provide you with the best price on your buyback with them. Selling gold has never been easier!
Can I Buy Physical Gold or Silver with Goldco?
You can purchase actual gold or silver from Goldco. They hold such purchases to the same exacting standards of quality that they do their precious metals IRA-eligible products.
Can I Take Physical Possession of My IRA Precious Metals?
Your precious metals are kept in a depository in a secure environment while being owned by your gold or silver IRA. When you reach the age of 59.5 and are able to start taking distributions, you have the option of taking your payments in the form of precious metals or cash.