Goldco Review 2024: Is Goldco Legit? (Our Honest Opinion)

Look:

With all the precious metals IRA providers out there, it can be pretty challenging to find out which one is a legitimate business and which one to choose that fits your needs.

So, how can you be sure you’re putting your hard-earned cash in the right place?

To help you be sure where to put your hard-earned cash, we’ll deep dive into Goldco and discover the following:

• Is Goldco legit?
• Goldco fees and costs
• Products offered
• The investment process and rules
• How it stacks up against other gold IRA companies
• Lots more

By the end of our Goldco 2024 Review, you’ll know enough to decide whether this company deserves your investment.

Without further ado, let’s begin.

Goldco Review 2024 (Video)

For those who prefer a video-based Goldco review, have a watch here:

Is Goldco a Legitimate Company?

To establish its legitimacy, let’s take a quick look at Goldco’s background.

At first glance of its website, we can see that Sean Hannity endorses the company.

==> Request Your FREE Goldco Kit Here! <==

You’ll also see other major media leaders like Chuck Norris, Ben Stein, and Stew Peters recommending this firm.

Now…

While recommendations from widely-known and respected figures can lend credibility to Goldco, it’s important to remember that this endorsement shouldn’t be the sole criterion for assessing their legitimacy.

So, is Goldco legit?

When digging, we found out that it holds various awards for its services.

Here are some of them:

・Featured on Inc. 5000’s list of Fastest Growing Private Companies for seven consecutive years

・Awarded by Money.com as “Best Customer Service” among eight of the nation’s top Gold IRA companies

・Awarded “Company of the Year” for two consecutive years by the American Business Awards

Again, even though endorsements from prominent individuals and awards can add to Goldco’s appeal, it’s important to look beyond their website and such recommendations.

Other things we found in our research:

• Trevor Gerzst is the founder
• Goldco was founded over 10 years ago (that’s a long time in the industry)
• They based in Calabasas, California with up to 200 employees
• Member of Business Consumer Alliance, TrustPilot, and Better Business Bureau platforms with excellent rankings

(We’ll dive deeper into Goldco customer reviews later in the succeeding sections.)

Given all this information, we have concluded that Goldco is a legitimate and reputable company.

As usual we encourage you to speak with your financial advisor and do your own research before making any decisions.

One way to do so is by grabbing their FREE investor’s kit to learn more.

Fees & Minimum Contribution Amount

Now that we’ve established that Goldco is indeed legit let’s move on to one of the most important parts of this review:

• Goldco IRA fees and costs
• Minimum rollover amount to open a Gold IRA

If you’re new to the precious metals IRA world, there are some things you need to familiarize yourself with.

Unlike other investments where there are only a few fees involved, this type of retirement account comes with a bunch of other costs tied up to it, like storage, custodian, setup fees, just to name a few.

We know that sounds like a lot of additional costs, but that’s what it takes to keep your precious metals safe and secure. In the end, you still get your money’s worth.

So, how much fees you will incur if you choose to do business with Goldco?

They’re transparent about that:

The required minimum purchase at Goldco to start a gold IRA is $25,000. Goldco’s preferred Custodian charges a flat annual account service fee, which includes a one-time IRA account set-up fee of $50, as well as a $30 wire fee. Annual maintenance is $100, and storage is $150 for segregated storage or $100 for non-segregated storage.

Fees for gold storage and custodianship can vary depending on the company you select to handle these services (required by the IRS, as all IRA assets must be managed by a custodian). Depending on the Custodian, storage fees can range from $10 to $60 per month or, as a percentage of assets, from 0.35% to 1% annually. Goldco does not charge any storage fees for cash transactions over $25,000.

Products Offered

Now that you’re know what’s the minimum contribution/rollover amount is, let’s see the range of products Goldco offers for your IRA account.

First things first, the main metals are gold and silver.

As for platinum and palladium, if that’s what you wish to invest in, be sure to ask Goldco (we confirmed with them that it’s possible).

Overall, you have pretty good options.

From American coins to New Zealand and Australian coins, gold bars, and silver bars, you can find something that suits your investment profile.

One thing we like the most about their product offerings is that they provide all the information you need to know about the metal — weight, purity, and face value.

You’ll also know if the product you took a liking to is IRA-approved.

All in all, if you only want to invest in either silver or gold coins and bars, you can’t go wrong with this company.

Opening A Precious Metal IRA

Let’s say you’re ready to invest, how to start your retirement account with Goldco?

It’s a simple 3-step process:

Step #1: Sign your agreement

This is to secure your precious metal purchase and understand the company’s terms of doing business.

Don’t worry; you don’t have to do this alone. A precious metals specialist will walk you through every step of the process.

Step #2: Fund your account

You can do this by depositing the minimum amount required, or rolling over assets from your existing IRA, 401(k), 403(b), TSP, savings or similar tax-advantaged retirement account.

Step #3: Purchase your precious metals

Once your account is funded, you can now choose the metal you want to hold.

We highly recommend you request Goldco’s FREE kit before you open an account with them.

This will give you a more in-depth look at their services and help answer some of the questions you might have.

Especially if you want to know how to get started with a Gold IRA tax and penalty-free.

Storage Options

Goldco works with one of the most reputable depository institutions, the Delaware Depository.

This institution offers state-of-the-art security, follows strict IRA compliance for precious metals, and is strategically located (near transportation hubs).

This ensures that your gold and silver are securely stored, giving you the peace of mind you deserve.

You also have the option to select how you want them to be stored — use non-segregated or segregated storage (having your metals stored separately from others).

This boils down to personal preference, really.

Educational Resources

Let’s be real:

For most people, understanding all things investing is difficult, especially when it comes to IRAs.

While Goldco doesn’t have an extensive dedicated learning center, it’s good enough for new investors to understand what a gold IRA is, as well as other things you need to know about this type of investment.

Again, be sure to request their FREE investor’s kit first.

It contains valuable information about gold investing and precious metal IRAs, and how you can get started 100% tax and penalty free.

You’ll also have access to their news and blog posts on their website, which contains some educational resources and helps you stay in the loop.

Goldco’s Buyback Policy & Customer Service

If you decide to discontinue your gold IRA account, choosing a precious metals provider with a buyback policy can provide you with a safety net.

You wouldn’t wanna feel ‘stuck’ and not knowing what to do if you change your mind, right?

Fortunately, Goldco offers a buyback guarantee for any gold or silver you purchase from them.

The best part?

Goldco will buy your metals at the highest price.

This is actually pretty rare for companies in this industry, as most of them don’t offer a buyback program or any kind of guarantees.

Now, a word about customer service:

Opening a gold-backed IRA is a long-term commitment. That’s why you need a provider who can be with you in the long haul.

Once you figure out your approach and decide to include precious metals in your portfolio with Goldco, then their specialists will be with you every step of the way, from opening an account to selecting the appropriate coins and bullion for your Gold IRA account.

Goldco Reviews and Ratings

Although we do a pretty comprehensive research for our Goldco review, it’s not enough to show what it’s like to do business with them.

So:

• Are there any Goldco complaints?
• Is Goldco a reputable company?

Let’s see what real and verified customers say.

On Better Business Bureau, Goldco is rated 4.8 out of 5 stars based on 737 reviews.

This is an impressive rating, especially considering that they have been accredited since December 2011.

The company also has a 4.8 out of 5 stars rating in Trustpilot, based on 1,256 reviews.

You can also find them on Trustlink, with about 254 reviews and a 5 out 5 stars rating.

A common theme found in reviews on these sites is the smoothness of the account opening process and the helpfulness of their precious metals specialists.

You can find a couple of Goldco complaints, but the firm is pretty quick in addressing these concerns, leaving most of the customers satisfied with their service.

Goldco Pros

• Excellent reputation
• Endorsed by prominent figures like Sean Hannity, Chuck Norris, etc
• Offers one of the industry’s highest buyback guarantee
• Dedicated precious metal specialist
• Free gold IRA investor kit
• Coins and bars that follow the IRA purity standard
• Active, highly responsive customer service
• 5-star Goldco reviews across various third-party watchdog sites

Goldco Cons:

• Requires a minimum commitment of $25,000
• Need to inquire about platinum or palladium options

Generally speaking, there aren’t many gold IRA cons.

In this particular case, you just need to be aware of the minimum investment amount and the products this company offers.

And if you want hold physical metals at home, you can do that, but it won’t be for an IRA.

Goldco Review 2024: Is This Gold IRA Worth It?

After putting Goldco under the microscope, we have found that:

• they’re an excellent precious metals company
• offer unparalleled service
• competitive prices
• wide range of products to choose from
• Goldco FREE silver rebate

On top of that, it’s quite rare to find a gold IRA company that is as transparent as Goldco.

This shows their commitment to integrity, which is a huge factor you need to consider when getting into any type of investment.

Real and verified customers can also attest to the excellent service they offer.

Thousands of 5-star Goldco reviews from various review sites and the various awards from different organizations speak for themselves.

That’s why we are very confident to name Goldco as one of the most trusted and reliable gold IRA companies in the country.

Start by requesting Goldco’s FREE investor’s kit to learn if diversifying with precious metals makes sense for you.

Now, we’d like to hear from YOU:

• Have you worked with this business before?
• Do you agree with our Goldco review and their legitimacy, or do you have a different opinion/experience?

Let us know in the comment section below!

Disclaimer: Gold & Silver Central is for informational purposes only and does not offer any personal financial advice. Past performance does not guarantee future results, and always consult with a financial advisor before making any decisions. We are also reader-supported and may be compensated from the links above.