In 2006 Goldco was founded by Trevor Gerszt as a full service precious metals firm and today it is considered a leading precious metal provider. The company is based in Calabasas, California.
Based on all the positive reviews, Goldco has an impressive customer service record.
They have earned an A+ rating with the BBB and have a 4.85 out of 5-star customer rating based on 324 customer reviews.
The Business Consumer Alliance has given them a triple-A rating based on overwhelming positive customer reviews as well.
People are very impressed with the services provided by the Goldco Precious Metal Specialists and that they are not pushy and don't use high pressure tactics.
Minimum Required: $25,000 for IRAs
$3,500 for non-IRAs
Annual Fees: $80 plus storage
Special: 10% back in silver coins for new clients
Bonus: First year fees waived for new clients
Superior customer service
Direct sales of physical gold and silver
A+ rating from the Better Business Bureau
High minimum investment
Services - What They Offer
The Precious Metal Specialists at Goldco can help you set-up a Precious Metals IRA or open a non-IRA account to purchase physical gold and silver which can be delivered directly to you.
To qualify for a Precious Metals IRA also called a self-directed IRA, you must be under 70 1/2 and have earned income.
A self-directed IRA is the only account that allows you to purchase hard assets such as IRS approved gold coins and bars. You can choose to open either a gold or silver IRA or a combination of both.
When you open this type of IRA, Section 408(m) of the Internal Revenue Code states exactly what type of gold or precious metals may be purchased and the regulations also state that physical gold in a self-directed IRA must be stored at an IRS approved third-party facility.
The Goldco precious metal specialists are very knowledgeable in this area and will provide you with the resources you need to select your gold and silver.
After you open your account, it can be funded through a rollover from an existing IRA, 401(k), 403(b), 457(b)
or a check or wire payment.
If you don't want to open an IRA, you can purchase your precious metals directly through the company. A Precious Metal Specialist will be assigned to help you with your gold and silver selections.
For those non-IRA purchases you don't need to have earned income or to be a certain age.
The precious metals that you buy can be either stored in a secure vault or they can be delivered directly to you.
Pricing and Fees
Precious Metal IRAs:
One time fees: IRA setup fee $50
Wire fee: $30
Maintenance fee: $80
Storage fee: $100 for non-segregated
$150 for segregated
For a Precious Metal IRA, the first year costs $260 and then thereafter it is $180 per year with non-segregated storage.
If you want to have segregated storage, it costs $50 more. So, that is $310 for the first year and $230 for the following years.
Fees for Non-IRA transactions:
There are no set-up, annual maintenance or storage fees for a non-IRA account.
Goldco partners with storage depositories that use state of the art security and technology to keep your precious metals safe.
They offer several different options for insured depositories. DDSC is the preferred option and costs $100 for the recommended non-segregated storage.
Brinks Salt Lake City also costs $100 for non-segregated storage, while IDS Texas charges $150 for segregated vaults.
Goldco offers to buy back your precious metals guaranteed at the highest price.
With overwhelming positive customer reviews, low fees and a great selection of precious metals, Goldco is our #1 recommendation as the best gold IRA firm.
A self-directed IRA is an excellent way to diversify and protect your investment portfolio. Gold has outperformed cash, stocks and bonds over the last 50 years.
1) Opening a Gold IRA will give stability to your investment portfolio during uncertain financial times.
2) There will be less risk to worry about as you get older and plan for retirement.
3) The gains that you have made in stocks can be locked in if you transfer those gains into precious metals.