Goldco Review 2022
Goldco is an award-winning provider of Gold and Silver IRAs. The company helps investors move their tax-advantaged retirement savings into the security and protection of physical Precious metals.
There are numerous dealers specializing in Gold IRAs, yet Goldco maintains a keen competitive edge due to its consistent and reliable customer service. Goldco’s IRA specialists focus on educating their clients as they assist each individual with the setup of a Precious metals IRA.
Goldco’s customer service is is an excellent reason to select them as your Gold IRA provider, but there are additional factors that separate Goldco from their competitors.
Why Goldco?
A+ rating with BBB
The Better Business Bureau was founded in 1912 to protect consumers against unfair and fraudulent business practices. Goldco has earned their A+ rating by being honest and transparent with all of their customers and clients.
4.8 out of 5.0 rating with TrustPilot
TrustPilot has compiled more than 167 million reviews from consumers just like you and that number grows by 3 million every month. Only the best Precious metals companies, like Goldco, achieve high rankings with TrustPilot.
AAA rating with BCA
The Business Consumer Alliance has been rating companies for reliability and performance since 1928. According to BCA, their AAA rating predicts the type of interaction you will have with Goldco.
4.7 out of 5.0 rating on Google
Google collects customer reviews the web including third-party review sites. A Google rating of 4.7 / 5.0 shows that Goldco is widely respected by both consumers and independent reviewers.
Storage options
Goldco works with the Delaware Depository to provide segregated storage for the metals in your Gold IRA. You can choose to have your metal stored in either Delaware or California.
IRA specialists
Goldco customer service representatives are experts on all aspects of IRAs. They have the knowledge needed to help you convert your retirement savings into physical Gold and Silver.
Educational resources
Goldco provides an in-depth guide to Gold IRAs and regularly publishes articles on topics related to investing for retirement.
Wide selection of metals
Goldco offers Gold, Silver, Platinum, and Palladium in both Coin and bar form. Selections are available from both government and third-party mints.
Goldco protecting Wealth
Self-directed IRAs were created in 1974 as part of the Employee Retirement Income Security Act (ERISA). The revised tax laws didn’t specify what types of assets could be held in a self-directed IRA, only that specific assets like Life insurance and Collectibles were not permitted.
In practice, investors primarily used self-directed IRAs to hold Real Estate until 1997 when the Taxpayer Relief Act specifically added Gold and Silver to the list of permissible IRA assets. Platinum and Palladium were added in 1998. In 2016 the first IRA offering Cryptocurrency appeared.
Since 2006 Goldco has been protecting the Wealth of its clients with Gold and Silver IRAs. The company also acts as a Broker-Dealer selling Precious metals to investors who want to take personal possession of Silver and Gold and store the metal locally.
diversification
Computer models show that an Investment Portfolio will perform better throughout all phases of the market cycle when it is diversified with a 3-to-10% allocation of Gold.
inflation hedge
As demonstrated in the 1970s, Gold thrives in an environment where Inflation and/or Stagflation are dominate. These are the exact conditions occurring today.
timeless VALUE
Human beings have inherently recognized Gold as something of value for at least the past two thousand years, perhaps as much as five thousand years.
Goldco Precious metals
Goldco has the common Gold Coins available for IRA investors: American Eagles, American Buffalos, Austrian Philharmonics, and Canadian Maple Leafs. They also have some unique Coins like the Australian Striped Marlin. Goldco has pre-1933 Gold Coins available for investors who want to take personal possession of the their Gold and store it locally.
American Gold Eagle
American Gold Buffalo
Australian Gold Striped Marlin
Canadian Gold Maple Leaf
When you are selecting the Gold Coins to hold in your Precious metals IRA keep in mind that you always want to get the most metal for the least amount of money. While the special edition Coins are pretty, they typically cost far more than other Coins. Ask your Goldco IRA specialist which bars and Coins carry the lowest premiums and spend the bulk of your hard-earned money on those products.
Goldco Silver Coins
At Satori Traders we advise our clients to overweight the Precious metals portion of their Investment Portfolios towards Silver. Silver has more commercial demand than Gold and, because of its lower cost, more investors are able to purchase the white metal. Because of this two-pronged demand Silver tends to outperform Gold on a percentage basis during periods of Inflation and Stagflation.
American Silver Eagle
Austrian Silver Philharmonic
Australian Silver Saltwater Crocodile
Canadian Silver Maple Leaf
Goldco offers the common Silver Coins and some special edition Silver Coins as well. Silver is no different than Gold when it comes to premiums. There is a large difference between the least expensive Coins and the most expensive Coins, even though the Coins contain the exact same amount of Silver. Always ask for the Silver bars and Coins with the lowest premiums.
If you are purchasing Silver outside your Precious metals IRA consider getting some 90% “junk” Coins. These Silver dimes, quarters, and half-dollars were minted by the US Mint through 1964. Because of investor demand these Coins are becoming increasingly hard to find and the premiums on them have risen substantially in recent years.
Goldco pros and cons
All Investments have pluses and minuses - Gold IRAs are no different
Pros
- Free Silver for qualifying accounts
- Demonstrated desire to satisfy clients
- Highly rated by BBB, BCA, TrustPilot, and Google
- Educational resources on website
- 15+ years in business
Cons
- Proof Coins are offered for IRAs
- Fees aren’t listed on website
- Premiums for Coins aren’t listed on website
- No mention of Platinum or Palladium on website
Conclusion:
The “pro” side of Goldco’s pros and cons definitely outweigh the “con” side. If you read the customer reviews on BBB it is obvious that Goldco attempts to satisfy all of their customers and that is what matters the most. The items in the “con” list are typical for most Gold IRA companies. Proof Coins have high premiums and are not a good Investment for most people but most Gold IRA companies offer them. Premiums change on a daily basis, that is just part of the Precious metals industry. Keeping a website up-to-date with the latest premiums would be a significant challenge so none of the Gold IRA companies try. When you speak to a Goldco IRA specialist ask them which Coins and bars carry the lowest premiums.
Goldco IRA reviews
Process was orderly and timely
My wife and I decided to hedge IRA savings with an Investment in Precious metals. After a brief survey of people in the business, we chose to go with Goldco. In just 13 days Goldco found us an IRA Custodian who arranged for an IRA transfer, and then Goldco purchased our Precious metals at very good prices. This process was orderly and timely…thank you Goldco!
Philip of Round Rock, TX
May 25, 2022
Excellent organization to work with
Very easy transition from my public safety deferred compensation account to a Precious metal backed IRA. Goldco took care of virtually everything and thoroughly explained the options and overall process and made sure that I understood how things would progress. Excellent organization to work with. Thank you for your assistance.
Randolph of Penn Run, PA
June 1, 2022
Service is excellent and so professional
After debating for over a year about investing with Goldco, I finally did and am very happy I did. Their service is excellent and so professional. They have been so helpful with all the details of the transactions and walking me through things I never quite understood. So far, I am very pleased with my new Investments and look forward to more. Thank you Goldco!
Diane of Robins, IA
May 19, 2022
Goldco BBB
No hard sell or pressure
I just completed my first order with Goldco and ended up feeling very comfortable with the experience. There was no hard sell or pressure involved. At each step Carl made sure that all my questions were answered. He presented all the options available and clearly explained the details in straight-forward language.
Stuart T on BBB 03/28/2022
Stock markets do crash
Great service! Friendly and informative staff who answered many questions and were very thorough. In the past, I had all of my retirement savings in the stock market. But stock markets do crash. History can repeat itself. With the world the way it is, why put all your eggs in one basket?
Susan B. on BBB 04/22/2022
Earned my trust
Goldco made the rollover of my traditional IRA into a precious metal IRA easy and seamless. My account executive was very professional and patient with me answering all my questions. Since the experience with Goldco has earned my trust, I will purchase gold and silver coins to diversify my regular savings account.
Lawrence T. on BBB 04/28/2022
Goldco fees
Goldco doesn’t provide a fee structure on their website because exact fees vary depending on the Custodian and Depository you choose. Fees are often waived as part of frequent Goldco promotions.
Typical fees are shown below.
Custodian Fees
$75 to $300 per year depending on Custodian and account size
Storage Fees
$150 to $300 per year depending on Depository and account size
The IRA specialists at Goldco can provide you with an exact fee schedule and answer any questions you have about establishing and maintaining a Precious metals IRA.
About Satori Traders
Satori Traders LLC is a California-registered Investment Advisor specializing in the Precious metals.
Bryan V Post is a California-registered Investment Advisor Representative and the founder of Satori Traders.
Bryan has worn numerous hats during his life: Engineer, Portfolio manager, Precious metals Investor, Technical analyst, Proprietary trader, Swing trader.
