Goldco is a privately held precious metals company in Los Angeles. Goldco has over a decade of experience helping customers protect their retirement savings.
The company has a suite of products and services to meet investors’ financial goals. Whether your goal is to diversify your retirement assets with the help of a precious metals IRA or you’re interested in gold and silver directly, Goldco provides clients with a specialist to navigate the process.
Goldco prides itself on offering exceptional customer service, precious metals education, and several resources to help investors make the most confident decision as they navigate the precious metals industry.
What makes Goldco stand out is that it is the only precious metals company to be recognized by big names like Sean Hannity, Chuck Norris, Ben Stein, and more.
Goldco received a rating of A+ from the Better Business Bureau and an AAA rating from the Business Consumer Alliance. With a focus on quality customer service, Goldco has been able to manage thousands of clients from all over.
Precious Metals IRA Services
In addition to buying precious metals, investors can also open a precious metals IRA. Goldco states that they are committed to helping investors safeguard their investments through a gold or silver IRA account with them.
Just as with buying precious metals, Goldco simplifies the process to open a precious metals IRA. Investors will be glad to know that the process is done in just three steps. Here is what you’ll need to do to open your IRA with Goldco:
Precious Metals
Precious metals inventory is a determining factor for most investors. Whether you’re interested in collectibles or looking for precious metals for your gold IRA, finding a company with a diverse selection of products is critical.
When it comes to Goldco, investors can buy quality gold and silver even if they don’t want to open a precious metals IRA at this time.
Investors will find a wide selection of products in their inventory like the Chuck Norris “Five Principles”, Silver American Eagle, Gold American Eagle, Gold American Eagle Proof, and more.
Unfortunately, Goldco does not list the price of these products. However, the company does provide steps on how to proceed with buying precious metals with them. That said, purchasing metals can be achieved by following three simple steps on their website. Here is what you’ll need to do:
Overall, Goldco has a seamless process when it comes to buying precious metals. They also appear to be relatively accommodating in terms of funding options. If you’re looking for an easy way to break into precious metal assets, you might find Goldco’s simple process the best option for you.
Fees and Promotions
According to Goldco, precious metals IRAs are charged a flat fee once per year rather than a percentage of your assets. With that said, the more assets you own, the lower your fees are when you look at it as a percentage of your assets.
When viewing Goldco’s fee structure, investors can expect to pay $50 when setting up their IRA. This price seems more than fair, especially since many of their competitors are charging anywhere from $100 to $200 for opening a precious metals IRA.
Keep in mind that you will also need to pay storage and maintenance fees, but this will depend on the custodian you choose for your new account.
Customer Reviews
Reviews are one of the greatest factors when choosing a precious metals company. Investors will be thoroughly impressed with Goldco’s positive reputation among its customers. Most customers have spoken highly of Goldco, making this company a top contender for buying precious metals and opening a gold IRA. Here is some of what customers have been saying about Goldco:
Overall Experience
Many customers have stated that they had an excellent experience with Goldco. Finding the products and services they needed for their portfolio was easy thanks to the company’s high-quality products and services
Ease of Transaction
Many customers said that the transaction process was seamless from start to finish. Buying precious metals, whether for direct delivery or precious metals IRA, was a relatively easy process.
Professional Staff
According to customers, Goldco has some of the best, most knowledgeable, and most professional staff. Goldco’s representatives are backed with extensive knowledge and are always willing to assist. Whether investors are looking for more education or need help opening a gold IRA, investors can expect a prompt response.
Additionally, investors will benefit from a dedicated specialist when opening a precious metals IRA
Negative Feedback
Goldco has had an overwhelming amount of positive reviews from previous customers. But it’s worth noting a few negative reviews they did receive.
In mid-December, one customer stated that they wanted to buy gold and silver in spendable amounts anywhere in the world. They decided to open an account for storage since they would be moving. The customer sent money to open the account and placed an order only to find that only collector coins could be stored and the coins would have to be sent to them instead.
It’s unclear whether Goldco informed this customer that their chosen coins could be stored. In this case, it’s possible that the customer wasn’t aware of the type of coins they were purchasing for storage.
Another customer gave Goldco a try in mid-December. They were new to investing and said that their representative was impatient with them and appeared to be short-tempered.
In another situation, a customer stated that they chose Goldco because of an advertisement with Sean Hannity stating that there were silver incentives to open a Gold IRA.
According to the customer, the advertisement stated that the customer would get 10,000 of free silver to open a $100,000 IRA. The customer proceeded to transfer the money and paid $175 in fees. However, they were told at the last minute that the free silver was only an option if the customer purchased premium silver coins.
Unfortunately, Goldco doesn’t have this promotion readily available on its website. For this reason, there’s no way to tell if there are any discrepancies or not.
Lastly, a customer alluded to the idea that Goldco doesn’t keep its inventory on its website updated. When the customer called about some coins listed on their website, the representative said that the coins were available.
Resources
Goldco offers a comprehensive list of resources for investors to jumpstart their financial journey. Even for experienced investors, having additional resources that ensure you stay informed is a win-win situation.
One of the things that set Goldco apart from competitors is the fact that they have dedicated contact support for current customers. You can call someone from customer care at 1-855-472-8494. You can also email them at customercare@goldco.com
On Goldco’s website, you’ll find many educational tools in the form of current news and articles. More specifically, you’ll find a beginner’s guide to a gold IRA, retirement planning, information on the economy, the federal reserve, and so much more. But if you want content delivered directly to your inbox, you can also sign up for Goldco’s newsletter.
Contact Support
Finding a precious metals company that you feel secure in is another vital factor to consider. With that said, choosing a company that is accessible whenever you have a question or concern is a top priority.
When it comes to contact support, Goldco does offer several ways for customers to reach out. One way to contact them is by phone at 1-855-450-1394. This may be the best number to contact them if you’re interested in learning more about their company.
If you’re interested in emailing them with a quick inquiry, you can do so by reaching out to them at info@goldco.com. But they also have a quick contact form that you can fill out if you would prefer that method of contact.
Our Rating
Pros & Cons
With any precious metals company, it’s vital to understand the company’s pros and cons. If you’re interested in Goldco, read on to learn what makes this company stand out and what to consider before committing:
The first thing you’ll likely notice when exploring Goldco is that it easily has one of the best reputations among its competitors. Goldco isn’t just cosigned by many reputable financial companies, customers have also raved about their service.
This is one of the most important factors when choosing a precious metals company to handle your retirement. The fact that Goldco has a reputation for consistently delivering exceptional customer service is enough reason to consider this company as one of your top choices.
Another advantage to consider when working with Goldco is its buyback program. When it comes to precious metals, liquidating them is likely an investor’s greatest concern. While issues with liquidation will likely always be present with gold and silver, Goldco has created a program to help address these concerns.
Like some of the company’s other competitors, they will buy your metals when it’s time to sell. Goldco promises to give its customers a fast and fair price quote that will depend on the current spot price of the metal.
Another benefit of working with Goldco is that you’ll have access to a dedicated account representative. This feature is beneficial for both new and experienced investors who would like a little extra help with navigating the process.
If you need help selecting metals, learning which metals can be converted to a gold IRA, or quickly checking on availability, your account representative can assist you in the process.
There are many great things to say about Goldco. With that said, one potential downside of working with Goldco is that they have a relatively high minimum investment threshold of $25,000.
Compared to some competitors, Goldco has a higher entry point. Additionally, this amount may not be comfortable for new investors who aren’t comfortable investing that amount of money, to begin with, or even experienced investors who only want to give Goldco a try.
While this minimum investment threshold isn’t the worst, it could be a dealbreaker for some.
Verdict
Final Thoughts
Goldco is one of the most popular precious metal companies based in Los Angeles, California. The company is known for offering a suite of products and services while delivering an exceptional customer experience.
Investors can either buy precious metals and get them sent directly to them or open a gold IRA account. If you’re interested in IRA services, you’ll be pleased to know that Goldco makes the process as simple as possible. Not only will you be assigned a dedicated account representative but you’ll also be able to complete the application process by following three easy steps.