What Is A GoldCo IRA?

The concept behind a Gold IRA is the same as a traditional IRA; however, with a Gold IRA, you invest in gold and other authorized precious metals instead of paper assets. If the economy faces a downturn or shuts down, investors with precious metals IRAs have financial insurance that also appreciates. In addition, investing in precious metals allows you to hold assets outside the monetary or banking system, thus decreasing governmental control and eliminating the risk of having your savings confiscated by the government.

If you’ve decided that a Gold IRA is the best option for you, your next best move is to partner with Goldco. A leading provider of precious metals IRAs, Goldco is renowned for its white-glove customer service, low-fee model, buy-back program, top-notch resources as well as other benefits it offers investors.

If you are interested in investing in a Gold IRA or rollover with Goldco, this review will help give you an insight into what to expect from the company.

Who is Goldco?

Founded in 2006 by Trevor Gerszt, Goldco or Goldco Direct LLC. is a full-service precious metals firm based in California, United States. The company specializes in precious metals IRAs and 401(k) fund rollovers but it also offers direct sale of precious metals to customers.

The company has over 14 years of experience handling precious metals Investment Retirement Accounts and over the years, it has enabled thousands of clients to diversify, grow, and safeguard their retirement savings.

Goldco’s Products & Services

While Goldco is most well-known for its Gold and Silver Investment Retirement Accounts, there is a lot more it has to offer. Here is a brief look at the products and services Goldco offers:

i) Precious Metal Investment Retirement Accounts
First, it is important to note that due to government regulations, you can only invest in certain types of gold and silver in your Goldco IRA.

The gold or silver you purchase for your IRA has to meet certain requirements, for instance, it must have a purity of at least .999.
Secondly, you can’t add any gold or silver you currently own to your IRA. You are required to first open an IRA, then buy gold or silver coins that will be added to it.

Goldco’s Gold Products

When it comes to gold products, Goldco currently offers two options:
– 2017 Australian Saltwater Crocodile Gold Coin: This 1/4 ounce gold coin originates from The Perth Mint in Australia and has a purity of 99.99%.
– 2019 Lunar Dog British Gold Coin: This is one of the most sought-after gold coins. The 1/4 ounce coin comes from the Royal Mint in the United Kingdom. It has a face value of £25.

Goldco’s Silver Products

– Canadian Lucky Dragon Silver Coin: One ounce of .9999 pure silver, and it originates from The Mint of Canada.
– Australian Saltwater Croc Silver Coin: This 1/2 ounce silver coin comes from The Perth Mint in Australia and it is 99.99% pure.

Depending on your preference, you can open a gold-only IRA, silver-only IRA or a combination of both.

Additional Note’s On GoldCo Direct Products

Additionally, it is important to note that due to government regulations, once purchased, Goldco doesn’t allow customers to store their IRA metals at home. They should be stored at a third party professional storage facility, meaning that Goldco doesn’t store the metals either. Goldco will connect you with one of their reputable partner storage providers.

ii) Non-IRA Precious Metals
You also have the option of directly purchasing precious metals through Goldco for non-IRA purposes. Here, you aren’t required to be of a certain age or have earned income. You can choose to have your metals delivered to your home or stored in a secure vault. You’ll physically own the metals and will have the power to do anything with them.

iii) Cryptocurrency IRA
For those interested in investing their retirement income in digital currencies, Goldco has a sister company known as CoinIRA that handles cryptocurrency Investment Retirement Accounts.

Goldco Services

IRA & 401(k) Rollover
If you an existing retirement plan but want to protect your investment with the stability precious metals like gold and silver provide, Goldco can help rollover or transfer those funds to your precious metals IRA in a quick, stress-free, and tax-free manner.

Goldco’s Fees and Transaction Minimums

Goldco has a one-time setup fee of $50 as well as a $30 charge for wire deposits.

Goldco’s IRAs also come with an annual maintenance fee of $80 which increases to $130 once the retirement account reaches $100,000.

For non-segregated storage, you will pay a yearly fee of $100 while for segregated storage, you will pay an annual fee of $150.

When you combine all these fees, you find that a Goldco non-segregated IRA will cost you $260 for the first year, and $180 for every subsequent year – provided that you don’t make any additional wire deposits.
A Goldco secreted storage IRA will cost you $310 the first year and $230 for every subsequent year.

There are no fees associated with non-Investment Retirement Account transactions.

Low yearly fees
Goldco has some of the lowest fees in the industry, ensuring that you get to keep more of your money.
As earlier discussed, to open a precious metal IRA, you pay as little as $260 for your first year and $180 per year for each year after that.
When it comes to non-IRAs, there are no fees involved and if you want, Goldco will provide storage for your precious metals absolutely free of charge, something you can’t get with most other providers.

Goldco Minimum Investments

The minimum investment amount for a Goldco IRA is $25,000 while for standard taxable accounts (non-IRAs or cash sales), the minimum investment amount is $3,500.

Who Should Invest with Goldco?

If you are worried about the volatility of the stock market, the future of the U.S. dollar or the likelihood of a financial crisis, Goldco offers you the perfect solution.
The following types of investors can benefit a lot from partnering with Goldco:
i) Investors who are close to retirement and are concerned about another economic crisis: As opposed to a stock unit (shares), it is very unlikely that your precious metal will be sold for pennies on the dollar in the event of another financial crisis. In fact, it is only expected to rise in value. Investing in Goldco IRA offers you a higher level of safety. So far, we have seen the 2000, 2008, and more recently the 2020 economic crisis caused by the pandemic. These have all proven to be tough times for the stock markets putting many peoples’ retirement accounts at risk while gold and silver have continued to see a rise in value.

ii) Investors looking to own physical investments. In a traditional IRA, you invest in stocks or bonds whose value is dependent on how a company is performing. If history is anything to go by, a stock can drop more than 90%, and in some cases, up to $0 should a company go out of business.
However, when it comes to gold, there is no possibility of losing your entire savings. Even if gold drops in value, it usually has a natural base price that it can’t drop below, which helps to give a great sense of security that you can’t just get with other kinds of investments.

iii) Investors who want to diversify their portfolio. In case you already own some stocks but you are worried about the volatility of the stock market, incorporating gold or any other approved precious metal in your overall investment basket can help give you some peace of mind. In most cases, precious metals move in the opposite direction from traditional securities. This means that if the stock market starts tanking, your Goldco IRA will help to offset some or all the losses incurred.

Why Goldco is Your Go-To Gold IRA Provider

Besides its solid reputation and high authority ranking in the industry, Goldco has many unique features that make it appealing to all types of precious metals IRA investors. Here’s why Goldco should be your number 1 gold IRA provider:

Goldco gives special offers to new customers
i) For investments of $50,000 or more the first year, Goldco waives all fees.
ii) If you place a qualified order of at least $50,000 Goldco gives you 5% back in free metals.
Goldco’s White Glove Service is Second to None
Goldco is one of the few companies that go above and beyond for their clients. Ensuring full customer satisfaction is at the top of the list of their priorities. Whether you are looking to open an IRA or purchase precious metals, you will get expert assistance throughout the process from highly knowledgeable company representatives. In addition, you will get access to the most experienced and capable custodians and depositories.
Any issues or concerns that you might have will be addressed swiftly and efficiently ensuring that you are fully comfortable with your investment.
And with their low-cost fee arrangement, you are assured that you are the best value for your money.
What more could you ask for? 

Goldco’s Customer Ratings and Reviews

Before investing your hard-earned money into anything, be it traditional securities or precious metals, it is highly essential that you do your homework and ensure that you are working with a credible company.

Fortunately, with the internet, customers can post online reviews praising or venting out their frustrations against a particular gold IRA company and even rate the company. This can help you get an insight into what to expect from the company.

With this in mind, saying that Goldco’s reviews are impeccable would be an understatement. Even though it has been in operation for more than a decade, there are very few negative complaints about the company, if any.

To put things into perspective,
Goldco has gained an AAA rating with the Better Business Bureau (BBB), which is the highest attainable rating.
On Trustlink, Goldco has gained over 250 reviews and it has achieved an average 5-star rating which is also their highest attainable rating.
On Consumer Affairs, Goldco has gained over 370 reviews and has managed a 5-star average rating.
Goldco has also achieved an AAA rating with the Business Consumer Alliance.
What’s more, Inc. Magazine has named Goldco as the #1 Gold IRA provider in the US.

Quick and Easy IRA $ 401(k) Rollover Process

If you are looking to rollover an existing retirement plan to a precious metals IRA, Goldco can help you do this.
This is what the process involves:
Step 1. Setup a Goldco IRA account. To initiate the process, fill out an application form on the company’s website, goldco.com.
Step 2. After the account has been opened, talk to a Goldco IRA specialist to request for funds to be transferred from your existing account to your new account.
Step 3. Once your new account has been funded, a Goldco IRA specialist will help you in choosing the best precious metals that fits your goals and needs.

Keep in mind that this entire process takes about 10 business days and you will have an IRA expert guiding you every step of the way.

Knowledge Centre From GoldCo Direct

Even if you decide not to use GoldCo then you will still want to visit their website to get even more research done.

While you might be interested in investing your retirement income in gold or other precise metals, you may not clearly understand the concept and might need additional information to ensure that you are making the right decision.
Fortunately, Goldco’s website has a section known as “Knowledge Center” where you can find plenty of useful learning resources that will help you understand how Goldco’s IRAs and taxable accounts work.

There is a blog that covers a wide range of topics including trade wars, recessions, the debt bubble, etc. all in an in-depth manner. The blog is constantly updated with new informative content.

The website also provides several eBooks for free download, most of which cover issues associated with investing in the current financial market.

There are also a bunch of videos available on the site that cover everything from threats to your retirement accounts, the instability of the U.S. dollar, benefits of tangible assets, stock market crashes and more.

And how can we go without mentioning their dedicated and professional customer support team that is always on standby and readily available to address all of your questions and concerns.

State Of The Art Storage Options From GoldCo

As we had discussed earlier, as per government regulations, IRA precious metals have to be stored with a third-party state of the vault or an IRA-approved depository. Goldco typically uses three top storage providers in the industry all of which boast of state-of-the-art security and technology ensuring maximum protection of your precious metals.

The precious metal storage providers used by Goldco are:
Delaware Depository; which has over 200 years of experience dealing with precious metals and uses Class 3 vaults as well as insurance from Lloyd’s of London underwriters.
Delaware Depository provides the non-segregated type of storage with an annual storage fee of $100. It is the de facto storage company.
Brinks in Salt Lake City. This also offers non-segregated storage with an annual storage fee of $100.
IDS in Dallas, Texas. This is the only storage company used by Goldco that provides segregated storage which has an annual storage fee of $150.
However, you are not necessarily required to choose from the above three storage providers as you are free to choose any other location that you might have in mind.

What are Pros and Cons of Investing with Goldco?

As you can tell from the above section there are many benefits that investors gain from partnering with Goldco. But to summarize, here are the pros of Goldco:
Low annual fees
Special offers for new customers
White glove customer service – expert assistance from the start to finish.
Excellent customer reviews and an A+ rating with the BBB
Quick and easy IRA and 401(k) rollover process
State-of-the-art storage options

Understandably, you wouldn’t want to partner with a gold IRA company without first learning about its shortcomings. Fortunately, the cons of Goldco are very few and don’t seem to be much of an issue to most investors. With that being said, here are the cons of working with Goldco.
For a Goldco IRA, the minimum deposit is $25,000
One can’t set up a Goldco account online
Undeniably, the pros of investing with Goldco far outweigh the cons of the same. If the above two issues aren’t a concern for you, then Goldco is a great choice for you.

How to Get Started with Goldco

Opening a Goldco IRA is a quick and easy process that generally involves four steps:
Step 1: Get in touch with a Goldco customer support rep at GoldCo’s official site to initiate the process of setting up an account.
Step 2: The customer support representative will then connect you to an IRA specialist or set up an appointment with the specialist at a later time.
Step 3: The IRA specialist will then collect all the required information to fully set up your account and rollover your existing account for those who already have an existing IRA or 401(k) retirement plan.
Step 4: After you have funded your account, you will be appointed an Account Executive who will help you select the most ideal precious metal for your IRA.

It is as simple as that.

Contacting Goldco’s Customer Care Team
In case of any issues or concerns Goldco’s support team is always ready and available to help you out. There are various ways yo can reach out to them:
i) You can start a live chat on Goldco’s website at any time of the day.
ii) You can send an email at info@goldco.com
iii) Lastly and most preferred, you can call the customer care desk Monday to Friday from 8 a.m. to 5 p.m. and from 7 a.m. to 4 p.m. on Fridays.

Goldco: Verdict and Summary

Goldco’s services are designed with the client’s best interests in mind. The company is dedicated to helping you diversify, grow and also protect your wealth with physical metals such as gold and silver. If the client satisfaction levels are anything to go by, Goldco has proved to be the best if not one of the best gold IRA companies out there.
With Goldco’s White glove customer service, you can be assured that of expert assistance throughout the process ensuring that you make all the right investment decisions and face as few hurdles as possible. In addition, you’ll get access to highly experienced custodians and depositories.
What’s more the low fee model, special offers meant to help new clients save money, customer education, state-of-the-art storage options, and lack of customer complaints make Goldco a very appealing choice to investors.
If you are finally ready to invest in a gold IRA or purchase precious metals, Goldco should be the first company you consider.

In case you have any additional questions in regards to Goldco Direct LLC. and its offerings, don’t hesitate to reach out.