Goldco IRA Review

Goldco
Goldco - by, April 1, 2011
4.5/ 5stars
on
Goldco
  • Editor Rating
  • Very Good
  • 0/5 Avg. User Rating
  • 0 No reviews yet!
Review Summary :

Goldco has been serving precious metals IRA investors since 2006. Customers rave about the company. The expertise of the management team, competitive fees and storage options make Goldco a top contender for your precious metals IRA account. Find out if its the right one for you.

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Pros:

  • A+ BBB rating
  • Low annual fees
  • Great customer service

Cons:

  • $25,000 minimum deposit
  • No online setup
Quick Facts about Goldco
Year Founded:2006
Company Headquarters:Woodland Hills, California
Annual Fees:$175-$275
Supports 401(k)?:No
Supports Roth IRA?:No
Crypto Offered?:Yes
Assets Offered:Gold and Silver
Offers Other Assets?:No
Custodian:N/A
Current Promotion:N/A
Supports Home Storage?:No
International Storage?:Yes
Segregated Storage?:Yes
Preferred Storage Location:Delaware
Preferred Storage Vault:IDS
Reviewed By::Jack Choros
Published On::July 6, 2020
Last Modified::July 6, 2020
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Goldco’s precious metals portfolio is among the best in all of the United States. Founded in 2006, the company is continually working hard to develop a solid reputation among retirement investment planners. The organization specializes in gold and silver coins. All of those offerings are approved for IRA accounts. That’s an important point to note because many self-directed IRA companies (a.k.a. in direct competitors) don’t allow that. It’s because the government and the IRS simply don’t allow that.

In this review we will take a look at the founders and management team at Goldco, analyse the company’s pricing structure and fee schedule, go into detail about storage information and what investors can do to protect their precious metals, list all of the assets available to investors at Goldco and also answer the most frequently asked questions people have about the organization.

Feel free to scan through all the content and if you’re looking for a summary take a look at the review charts we’ve created that show you a snapshot of everything Goldco has to offer and where the company ranks among the best precious metals IRA companies in the world.

The Founder and Management Team at Goldco

Trevor Gerzst is the founder of Goldco.

Founder Trevor Gerszt

Trevor Gerzst, Founder, Goldco

He discovered his passion for precious metals in South Africa where he was born. South Africa happens to be the second largest producer of gold in the world. He developed his early interest in gold thanks to a shared family legacy of collecting gold coins, so as a young man, Gerzst started his own collection.

In 2006, he decided to turn his passion for gold into a career and launched Goldco. Gerzst wants to continue to share his passion for precious metals investing and is committed to serving retirement planners with the best possible options available in the precious metals industry.

Gerzst believes steadfastly and educating investors, which is why the organization offers a series of e-books and videos dedicated to teaching retirement investors how gold, silver and other precious metals can be a part of a well balanced portfolio that allows them to retire early.

Gerzst is not alone in his mission to serve IRA investors. His colleague and the CEO of Goldco is Brenda Whitman. Whitman is the day-to-day leader of the organization and earned her place is the CEO after serving as Chief Operating Officer with the company. She’s already been with the organization for more than a decade and previously served in similar leadership roles with at Capital Gold Group. Whitman prides herself on ensuring that Goldco customers receive first in class service and she also understands the investor’s desire to own physical gold.

CEO Brenda Whitman

Brenda Whitman, CEO, Goldco

Goldco Fees and Pricing

Goldco fees range from $175-$275 per year. That definitely ranks the company among the best when it comes to charging the lowest fees possible. There is a downside to those fees however. It’s the fact that investors can’t get started with Goldco unless they have a minimum of $25,000 to deposit. Some competitors charge as little as $10,000 to open an account which is a lot more palatable.

What each individual investor actually pays and fees depends on the options they choose. Each customer pays a one-time setup fee of $50 and there’s also a $30 fee for a wire transfer to get funds in the account. The annual maintenance fee is reasonable at only $80, but that’s not where it ends. Investing in physical gold usually requires a storage fee to be paid every year on top of that. Goldco charges $100 for non-segregated storage and $150 for segregated storage. Again, those fees are pretty reasonable.

Below is a chart summarizing everything for you.

Here are the one-time fees:

One Time FeesPrice
Set-up fees for IRA$50
Wire transfer fees$30

Here are the annual fees:

Annual FeesPrice
Maintenance Fees$80
Storage Fees$100 for non segregated storage, $150 segregated

Goldco Storage Information

Goldco stores gold and silver through a storage company called IDS located in Delaware. It’s very common for investment firms to have some sort of operations set up in Delaware because of favorable tax laws and beneficial privacy rules as well. In addition to working with IDS, Brinks is also a popular choice for Goldco investors. That said, IDS is the company’s preferred provider.

Goldco Customer Reviews

Goldco boasts positive reviews on so many different platforms it’s hard to keep track of them all!

Both the Better Business Bureau and Business Consumer Alliance give Goldco their highest rating possible. An A+. Although the company only has two ratings on Yelp, they are both perfect. TrustLink gives Goldco 5 stars out of hundreds of reviews. Although all of those ratings are impressive, perhaps the best representation of Goldco’s track record of success with pleasing customers comes from TrustPilot. At the time of this writing, the platform has more than 500 positive reviews and gives the company an overall 4.8 out of five stars. That’s simply incredible considering the volume of reviews.

The fantastic customer reviews have a lot to do with the fees charged by the company and the fact that they have now establish a long history of serving people with a commitment to excellence over and over again.

Only one company ranks above Goldco in our reviews and that is Goldco. Still, IRA investors serious about maintaining possession of precious metals as a way to hedge against other forms of investing and the broader investing market could fare far worse than choosing Goldco.

Goldco’s List of Assets

Where are there precious metals IRA providers specialize in offering cryptocurrency and lesser-known metals like palladium or platinum. Goldco specializes only in gold and silver. The company’s reputation for being one of the best gold providers in North America allows the organization to niche down and only focus on what they are good at. The positive with this is that investors who really consider themselves to be precious metals connoisseurs will appreciate working with an organization that specializes.

However, other schools of investors who may appreciate diversification within a precious metals IRA without having to spread their investment money over multiple providers might decide to go elsewhere should they choose to own some platinum, palladium or other metals.

Below is a list of some of the most frequently asked questions people ask about investing in precious metals:

What is Goldco?

Goldco is a precious metals IRA investing company specializing in selling gold and silver to those looking to diversify their retirement portfolios.

What Are Precious Metals?

Gold and silver are considered precious metals. But they are not the only ones. Investors also like to buy platinum and palladium. While some precious metals IRA companies sell the latter, Goldco specializes only in gold and silver.

Where is Goldco Headquarters?

Goldco, like many other nationally focused IRA providers hosts its head office in California in a city called Woodland Heights. The company has been established there since 2006.

Can I Set Up an LLC With Goldco?

While many self-directed IRA companies boast about the fact that they allow their investors to open IRA accounts under the names of Limited Liability Corporations. The advantage to doing this is that allows the investor to treat their investment more like a checking account. This means the investor can add to or withdraw from their account with relative ease. While this is not illegal the IRS frowns upon it and many investors don’t feel comfortable with setting this up.

For that reason, Goldco does not allow investors to set up an LLCs.

Should Investors Choose Goldco for Their Precious Metals IRA?

The competition among precious metals IRA providers to lock down your IRA account and acquire you as a client is fierce. That’s good for you, the customer. While we stopped short of giving Goldco the number one spot (that goes to Regal Assets), it is certainly a company worth keeping an eye on. The customer reviews Goldco has amassed over the years are nothing short of impressive.

The fact that it only specializes in gold and silver is a bit of a deterrent to many investors who want options and want to keep a diversified precious metals portfolio. That being said, Goldco’s reputation speaks for itself.

We would definitely recommend conducting your own thorough review of precious metals IRA companies before investing, but as you do that, but Goldco near the top of your list as a company to consider doing business with.

Goldco
Goldco - by, April 1, 2011
4.5/ 5stars
on
Goldco
  • Editor Rating
  • Very Good
  • 0/5 Avg. User Rating
  • 0 No reviews yet!
Review Summary :

Goldco has been serving precious metals IRA investors since 2006. Customers rave about the company. The expertise of the management team, competitive fees and storage options make Goldco a top contender for your precious metals IRA account. Find out if its the right one for you.

Have you purchased products from Goldco? Leave a review!

Leave your rating

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