About Goldco
Founded in 2011, Goldco is a full-service investment firm that allows customers to roll over their 401(k), 403(b) and 457 plans into an individual retirement account (IRA) for a flat, annual fee. In the past decade, it has helped customers place more than $1 billion in gold and silver investments. Along with IRA accounts, Goldco offers customers a way to purchase and store precious metal investments in their homes.
Overall Satisfaction Rating
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Pros
- Wide range of retirement products
- Guaranteed buyback
Cons
- No prices published online
- No platinum and palladium
Bottom Line
With Goldco, you can invest in a precious metals IRA that is stored securely at a facility. Additionally, customers can purchase physical coins and bars for personal use. Goldco's buyback guarantee promises the highest offer for sellbacks.
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“... Everything was explained so that I could make an informed decision on what I wanted to invest my hard-earned money in. It was quite educational and I learned a few things. I ...
Read full review“Everyone I've worked with has been very professional, respectful, yet warm and friendly. I am not knowledgeable about investing. All my questions were answered sometimes before I...
Read full reviewGold and other precious metal IRAs are an investment and carry risk. Consumers should be alert to claims that customers can make a lot of money in these or any investment with little risk. As with any investment, you can lose money and past performance is not a guarantee of future performance results. Consumers should also obtain a clear understanding of the fees associated with any investment before agreeing to invest.
What is Goldco?
Goldco is a precious metals investment company that has been in business since 2011. It specializes in gold and silver and offers customers a variety of ways to invest, including the purchase of physical coins and bars or gold or silver IRA accounts.
For those looking to invest for their retirement or roll over a 401(k) or similar plan, Goldco works with all major self-directed IRA custodians. Your gold or silver IRA is stored safely in a depository. Once you turn 59 ½, you will be able to choose your distributions as cash or in the form of precious metals.
Goldco also offers educational materials, such as seminars and webinars about gold investments, so customers can make informed decisions about their finances. It also provides a free kit to help customers invest in precious metals without tax or penalty.
How does Goldco work?
Setting up a retirement account with precious metal investments isn’t hard, but there are a few rules you need to follow. Goldco simplifies the process of starting a self-directed IRA or rolling over an existing retirement plan to a new IRA. To open a precious metals IRA with Goldco, you need to contact a Goldco specialist by phone and agree to Goldco’s terms.
When your self-directed IRA is created, you will need to fund the account by either rolling over existing retirement funds or investing new funds. Eligible retirement accounts to roll over include:
- 401(k)
- 403(b)
- Thrift Savings Plan (TSP)
- Savings
- Other IRA accounts
Your IRA investments will be managed by a custodian and stored securely in an IRS-approved facility. You can visit your investment at the storage facility if you arrange it with your custodian.
For those who want to store their gold or silver investment at home, you can’t do so with a precious metals IRA, but you can purchase coins or bars outright from Goldco and have them shipped directly to your home.
Goldco products and services
Goldco offers free shipping on all of its products and a bonus of 10% silver on qualified purchases.
- Precious metals IRA
- Not all gold or silver products are allowed in your precious metals IRA, but Goldco does offer several coin and bar options. Precious metals IRAs are subject to the same IRA contribution rules and cannot be touched before the age of 59 ½ without a penalty.
- Gold
- Goldco offers gold American Eagle coins, as well as gold coins from New Zealand, Australia, Canada and Britain. Gold can also be bought in the form of bars in various weights, all with a purity of .9999 fine.
- Silver
- Goldco offers silver coins minted in America, New Zealand, Australia, Canada and Britain. Silver can also be purchased as bars in various weights, all with a purity of .9999 fine.
Goldco fees
Goldco does not publish its gold and silver prices directly online; you have to call or email for pricing. Annual IRA fees for storage and custodians range from $75 to $300, depending on the size of your account.
Goldco FAQ
What types of precious metals does Goldco offer?
Goldco offers gold and silver in the forms of proofs, coins and bars. It does not offer platinum or palladium.
What is the minimum investment required for Goldco?
Goldco requires a minimum of $25,000 to start a new IRA account.
How do I roll over my IRA or 401(k) to Goldco?
Rolling over your 401(k) or retirement account to an IRA through Goldco is a secure and tax-advantaged way to diversify your retirement savings portfolio. The first step is to contact Goldco for an account application.
Once you have been approved for an account, you will need to provide Goldco with information about your current retirement plan so it can facilitate the transfer process. This includes the name of your current custodian, account number, the total amount of funds available in the plan that you would like to roll over and the type of retirement account you are wanting to roll over.
Is Goldco legit?
Goldco has over 12 years of experience and has helped customers place over $1 billion in gold and silver. Its secure storage options are backed by nationally recognized insurance companies. It may be a good option if you are interested in setting up a precious metals IRA or buying gold or silver.
Goldco Reviews
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I am very pleased to be able to leave a well-deserved 5-star comment for my first-time experience with GoldCo. My Account Manager, and the others' involved in the transaction, have made me feel very comfortable by explaining (in great and easy to understand detail) every facet of what I needed to do and what to expect before signing on the proverbial dotted line. I don't think I could have asked for a more knowledgeable and polite group of industry professionals to help me understand the risks and benefits of investing in precious metals; and as such, I was able to make an even more intelligent and informed decision about how or if I should invest my money in precious metals for future retirement. That in of itself is worth its weight in gold (pun intended) knowing that the Investment Manager has the potential client's best interest at heart instead of just rushing to make a sale.
After researching GoldCo and then contacting them and speaking to one of their Account Managers (who is the same one I have now) and then asking a multitude of questions and receiving open and honest answers, I can say with 100% confidence that I am very comfortable with how and with whom I've invested my money and I look forward to maintaining the relationship with them for many years.
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GoldCo helped me convert my retirement funds to precious metals, plus they gave me an additional 10% in free silver to sweeten the deal. I found them to be efficient, helpful, and transparent, and I have no regrets. I would, however, caution prospective investors to understand that GoldCo's business is focused on buying and selling premium bullion such as limited edition, collector quality, proof coins rather than common bullion such as bars or rounds. If you are only interested in the melt-value of the precious metals, GoldCo may not be the best choice for you.
With proof quality coins, there is a significant premium at the time of purchase but also a greater opportunity to realize a larger return at the time of sale. I found that the premium that GoldCo charges is competitive to, or better than, anything that I could buy on the open market for a comparable product. Of course, there is always the risk that the world bursts into flames and society as we currently recognize it, is totally dismantled; at which point, melt value might be all you can get, but I suspect that then you'll probably have bigger problems to worry about than the loss of premium. That said, if you were invested in premium bullion and you felt the need to convert to common bullion, GoldCo offers that as an option, note that as with any precious metals dealer, a standard conversion fee will apply.
I worked with Mr. Robin Hubbard in making a direct buy of gold and silver. The gold to be self stored by me as a savings protection measure. The silver to be depository stored by GoldCo as an investment in hopes of swapping silver for gold at a later date. As a first-time buyer of precious metals I did many months of self research and information gathering, including looking at and calling more than one precious metals dealer. After reading 2022 precious metal dealer reviews and rankings I called two GoldCo competitors before calling GoldCo. I finally called GoldCo and the difference was night and day.
Above all others, GoldCo seemed ready to do business with a first-timer like myself. Despite being a small buyer, at no time did GoldCo make me feel any less important than big time precious metals buyers. They treated my like I was a big time buyer. The two GoldCo competitors I called seemed insincere and disinterested as if I was too small an investor for them to deal with.
As a highly motivated buyer I asked a great many questions and Mr. Hubbard did an outstanding job answering them. Additionally, he was instrumental in the expeditious assistance in funding, gaining approvals and in having the Confirmation Department contacting me with important transaction information regarding my buy. I am glad I made the final decision to do business with GoldCo. I look forward to discussing my shipment updates, monitoring my GoldCo investments and transacting future business with GoldCo. Well Done GoldCo Team!
I had never heard of a Precious Metals IRA before and did not know what to expect. I did a quick search of Precious Metals IRA on the internet and found GOLDCO during the search. The reviews looked great already so I contacted GOLDCO and I am super happy I did. Everyone I spoke to were 100% friendly and helpful in guiding me to what I needed.
At one point I explained to Arthur Schwartz (the Senior Account Executive) I was in contact with. That I was clueless on what I needed to do to switch over my 403-b to Precious Metal IRA and he assured me that it would be super simple and quick and they (GOLDCO) would handle most of the work and paperwork. They did handle all the work and paperwork and I only had to provide the 403-b information and account.
I by no means am a huge investor, I was a Police Officer for 32+ years and only had my 403-b account to switch over. Everyone at GOLDCO treated me like I was the most important investor to them when I spoke to them. I wish I had contacted GOLDCO sooner and will definitely be investing with them in the future. I have already given out GOLDCO's information to my friends and family for their investment questions and IRA program.
I decided to move some of my investment money to gold and silver to protect against inflation and the declining dollar. After reviewing a few sites, I decided to go with Goldco. They responded immediately to my inquiries and helped me understand my options and how their pricing was determined. After deciding to make a purchase, I set up an account by following the process outlined on their website. After I funded my account, they called to determine what exactly I wanted to purchase. They gave me a choice of common bullion, premium coins, or proof coins or a combination of them.
They explained that bullion and proofs appeared overpriced compared to the premium coins did their best to steer me in that direction which I finally decided to do. They also indicated that gold prices were out of line in comparison to silver when the historical ratio of the prices was compared to the current ratio. I finally settled on 75% gold and 25% silver though I was told most buyers were going with 25% gold and 75% silver. I'm planning on this being long-term investment. Then they suggested what coins in silver and gold to buy. At the end, I was satisfied with the process and felt that they had given me worthwhile suggestions during the process. Time will tell if I made good choices.
Great, friendly staff. Answered question in easy, simple terms. Quick response to questions and comments. Material data was easy to understand and informative. My Goldco contact never applied any pressure tactics. Goldco arranged for an IRA firm to set up and manage my gold and silver metals IRA and handle funds transfer from from my existing 401K account.
The Goldco people were very helpful in the processes to set up and purchase precious metals for our IRA Rollover Account. They were prompt in responding to any email, messages, or phone calls that I made with any questions or concerns.
I have enjoyed working with each person who has helped me in the process of investing my IRA into gold and silver. I especially appreciate Tony explaining everything so I understood it and not rushing me through until I felt this was what I wanted. I also really appreciate the extra promotion I received for my investment. Thanks to all, Linda.
I closed the deal two days ago. Walter Dembroski is my Representative and he is excellent at his job. He keeps me updated on what’s going on with Gold and Silver and sends me information all the time to my phone.
My experience with Goldco was wonderful.. after doing a lot of research, I chose Goldco. Mike Taylor was exceptional to work with. The staff was very knowledgeable and the transitions were easy to follow and went seamlessly. I feel very confident while working with them.
Goldco Company Information
- Social media:
- Company Name:
- Goldco
- Address:
- 21215 Burbank Blvd, Suite 600
- City:
- Tarzana
- State/Province:
- CA
- Postal Code:
- 91367
- Country:
- United States
- Website:
- www.goldco.com
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