
Goldco Reviews
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About Goldco
Goldco is a precious metals provider that has helped customers place more than $3 billion in gold and silver since 2011. It helps customers transfer or roll over funds from existing retirement accounts, including 401(k), 403(b) and 457(b) plans, into a self-directed individual retirement account. In addition to IRA accounts, Goldco offers customers a way to buy precious metals for home storage.
Visit goldco.com- Wide range of retirement diversification products
- Guaranteed buyback
- Doesn't publish fees online
Helpful Reviews
Disclaimer: Gold 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 private precious metals company that has been in business for over 15 years. It specializes in gold and silver IRAs and offers customers a variety of ways to diversify their savings, including the purchase of physical coins and bars directly.
For those looking to diversify their retirement savings by rolling 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 a free kit and guides, so customers can make informed decisions about their finances. The free kit includes print, audio and video guides but requires you to first speak with a Goldco representative.
How does Goldco work?
Setting up a retirement account with precious metal buys 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 purchasing new funds. A minimum investment of $25,000 is required. Eligible retirement accounts to roll over include:
- 401(k)
- 403(b)
- 457(b)
- Thrift Savings Plan (TSP)
- Savings
- Other IRA accounts
Your IRA purchases will be managed by a custodian and stored securely in a vault at an insured depository.
For those who want to store their gold or silver 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. There is a $10,000 minimum for direct purchases.
Goldco buyback program
Goldco buys back precious metals, guaranteeing to offer the highest price. The company states that the highest-price guarantee applies only after three years from initial purchase. For more information about the buyback guarantee, you should review the customer agreement from Goldco.
Goldco products and services
Goldco sells precious metals for direct purchase and for IRAs.
Precious metals IRA
Goldco helps investors roll over funds from various retirement accounts into a precious metals IRA. The process usually takes less than two weeks, according to the company. Goldco offers gold, silver, platinum and palladium for precious metal IRAs, including coins and bars, which are stored at a secure depository. You are eligible to take distributions in the form of physical metal or cash at 59 ½. There is a $25,000 minimum purchase requirement.
Gold direct purchase
Goldco offers various gold coins and bars for direct purchase, including coins minted at the U.S. Mint, The Royal Mint, the Royal Dutch Mint, the New Zealand mint, The Perth Mint and the Royal Canadian Mint.
Silver direct purchase
Goldco offers silver coins minted all over the world. Silver bars are also available.
Goldco fees
Goldco does not publish its gold and silver prices directly online; you have to call for pricing. Once you set up a precious metals IRA, the company states that there is usually one flat fee per year.
| Fee type | Cost |
|---|---|
| Account setup fee | $100 |
| Annual account fee | $235 |
When you contact Goldco, ask about any additional fees that apply, and be sure to read over the customer agreement carefully for all costs.
Goldco FAQ
What types of precious metals does Goldco offer?
Goldco offers gold and silver in the forms of coins and bars, as well as platinum and palladium.
How do I roll over my IRA or 401(k) to a self-directed IRA?
To roll over your IRA or 401(k) to a self-directed IRA, contact Goldco. A specialist will help guide you through the rollover or transfer process, including gathering and completing the necessary documents. Goldco says the process ordinarily takes less than two weeks.
What are Goldco’s fees?
Goldco charges a one-time setup fee of $100. There is also an annual fee of $235 for a precious metals IRA. The IRA fee is usually flat, meaning you don’t pay based on the amount of assets invested. Goldco doesn’t publish pricing of the physical metals; you need to call the company for those costs.
What is the minimum investment for Goldco?
Goldco requires a minimum investment of $25,000 to open a precious metals IRA. For direct purchases of gold, silver, platinum or palladium, there is a minimum purchase of $10,000.
Does Goldco charge markup on gold or silver?
Yes, like other precious metals companies, Goldco charges a markup on gold and silver. When you call to get pricing for gold or silver from Goldco, you can use that information to determine what you’re paying per ounce and compare that figure with the spot price, which is easy to find online. That will help you determine the markup.
Still have questions?
Is Goldco legit?
Yes, Goldco is a legitimate gold IRA company. It has over 15 years of experience and has helped thousands of customers buy over $3 billion in gold and silver. If you are thinking about setting up a gold or silver IRA or want to buy precious metals directly, Goldco should be on your list of companies to consider.
Goldco Reviews
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- 4,978,435 reviews on ConsumerAffairs are verified.
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- We use intelligent software that helps us maintain the integrity of reviews.
- Our moderators read all reviews to verify quality and helpfulness.
Goldco Company Information
- Company Name:
- Goldco
- Address:
- 24025 Park Sorrento, Ste. 210
- City:
- Calabasas
- State/Province:
- CA
- Postal Code:
- 91302
- Country:
- United States
- Website:
- goldco.com
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