GoldCo is one of the best-known names in the gold and precious metals IRA space.
GoldCo helps clients protect their retirement savings by rolling over an IRA, 401(k), 403(b), and other retirement accounts to a gold IRA.
Does GoldCore live up to the hype? How does GoldCo compare to other top-rated gold IRA companies? In our review, keep reading to discover everything you need to know about GoldCo today.
What is GoldCo?
GoldCo is a gold and precious metals IRA company that lets you buy gold, silver, and other precious metals in your retirement accounts.
GoldCo lets you roll over an existing retirement account into a gold IRA like other gold IRA companies. For example, you can transfer all or some of your retirement savings into gold.
GoldCo is rated A+ by the Better Business Bureau and AAA from the Business Consumer Alliance. The company also had thousands of 5-star reviews online and public endorsements from Sean Hannity and other media personalities.
Like many other gold IRA companies, GoldCo offers a free kit. You can request a free online kit to learn more about how a gold IRA works.
GoldCo was founded in 2006 and is based in Woodland Hills, California.
How GoldCo’s Gold IRAs Work
GoldCo’s gold IRAs aim to offer more excellent stability than the US Dollar, which has lost 98% of its purchasing power since 1971. Gold’s purchasing power, meanwhile, has remained stable over time.
If you believe in the power of gold, then holding gold in your IRA may be the smart choice. As GoldCo.com explains, “your IRA could outperform both the Dow Jones and the S&P 500 based on recent trends.”
You can open a GoldCo gold IRA with three simple steps:
Step 1) Open a gold IRA. Sign an agreement to secure your purchase. Then, sign GoldCo’s terms of doing business. A GoldCo company representative walks you through every step.
Step 2) Fund your gold IRA. You now have a self-directed IRA, and you need to fund it. All gold IRAs are self-directed IRAs (a self-directed IRA lets you hold assets that aren’t stocks, bonds, and other traditional assets). To fund your GoldCo gold IRA, you can rollover assets from your existing retirement accounts, including your 401(k), 403(b), TSP, savings, or IRA accounts. You can avoid tax consequences and preserve your savings by rolling over or transferring these accounts to your GoldCo gold IRA.
Step 3) Purchase gold and other precious metals. Once your funds are in your GoldCo gold IRA, you can choose which precious metals to buy. For example, you can purchase gold bullion or gold coins and other types of precious metals and assets.
GoldCo IRA Approved Gold Products
Different gold IRA companies have other gold products to buy. GoldCo offers a range of gold IRA-approved coins.
Like other IRA-approved gold coins, the gold coins from GoldCo must meet a minimum fineness requirement of 0.995. GoldCo works with mints worldwide to maintain this fineness requirement, including the mints of the United States, Canada, and Australia.
GoldCo’s IRA approved gold coins, and other products include:
Gold American Eagle: Type 1: Struck from 22 karat gold, the Gold American Eagle – Type 1 is the official gold bullion coin of the United States. It was first minted in 1986 and issued by the US Mint. You can buy it in 1 oz, 0.5 oz, 0.25 oz, and 0.1 oz options.
Gold American Eagle: Type 2: Struck from 22 karat gold, this coin is identical to the Type 1 Gold American Eagle coin but with different images.
Gold American Eagle Proof: Gold American Eagle Proof coins are IRA eligible gold coins made from 1 oz of 22 karat gold. They’re available in four sizes, including 1 oz, 0.5 oz, 0.25 oz, and 0.1 oz options.
Gold Liberty Coin: Featuring an effigy of Queen Elizabeth II on one side and the Liberty Bell in Philadelphia on the other side, the Gold Liberty Coin has a face value of $25 and is produced by the New Zealand Mint.
Gold Australian Striped Marlin: Produced by the Perth Mint of Australia, the Gold Australian Striped Marlin is 99.9% gold and issued as legal tender.
Gold Maple Leaf: Produced by the Royal Canadian Mint, the 2021 Gold Maple Leaf bullion coin is made from 1 oz of 0.9999 pure gold and was first minted in 1979.
American Gold Buffalo: The 2021 American Gold Buffalo coin is made by the United States Mint from 0.9999 pure gold. It’s the first 24 karat gold bullion coin from the US Mint.
Gold American Bald Eagle: Struck by the Perth Mint of Australia from 0.25 oz of 0.9999 pure gold, the Gold American Bald Eagle features Queen Elizabeth II and a bald eagle on the other.
Gold Military Guinea: Struck by the East India Company of London from 0.25 oz of 0.999 pure gold, Gold Military Guinea pays homage to a gold coin that was once accepted worldwide.
Gold Freedom Coin: The 2021 Gold Freedom Coin is made by the New Zealand mint to commemorate the 135th anniversary of the dedication of the Statue of Liberty.
Gold Freedom and Hope: The 2021 Gold Freedom and Hope coin come from the Royal Dutch Mint, and it’s made from 0.25 oz of 0.9999 pure gold. IT was designed to recognize the 245th anniversary of the Declaration of Independence.
Gold Lucky Dragon: Made by the Royal Canadian Mint from 0.25 oz of 0.9999 pure gold, the Gold Lucky Dragon is a symbol of good fortune and prestige.
Gold Australia Saltwater Crocodile: Minted by the Perth Mint from 0.25 oz of 0.9999 pure gold, the Gold Australian Saltwater Crocodile is issued as legal tender and recognized as the Australian saltwater crocodile.
Gold British Lunar Series: Struck by the Royal Mint from 0.25 oz of 0.9999 pure gold, the Gold British Lunar Series is based on the Chinese zodiac, featuring a different animal each year.
Gold Bars: GoldCo offers a variety of gold bars with a fineness of 0.9999. The gold bars are IRA eligible.
Other GoldCo Products
GoldCo also offers other products, including IRA eligible and non-IRA eligible gold and silver products.
Other products in the GoldCo inventory include:
Silver Coins: GoldCo offers a range of silver coins similar to the gold coins above. For example, you can buy the Type 1 or Type 2 Silver American Eagle, which is made from 1 oz of 0.999 pure silver. GoldCo also offers silver coins from the mints of Australia, New Zealand, Canada, and the United Kingdom.
Silver Bars: GoldCo offers IRA-eligible silver bars with a fineness of 0.9999.
Chuck Norris “Five Principles”: GoldCo sells a unique product called Chuck Norris’s “Five Principles.” The non-IRA eligible coins are made from 1 oz of silver and were struck by the New Zealand mint. The front of the coin is engraved with Chuck Norris’ five principles for life: faith, family, fitness, freedom, and fight.
GoldCo does not offer platinum or palladium options. You can exclusively buy gold or silver products through the company.
GoldCo offers the highest price buyback program on all products. GoldCo guarantees that it will buy back your coins or bars “at the highest price” if you change your mind or want to adjust your gold IRA holdings.
GoldCo Pricing and Fees
GoldCo has a higher minimum investment requirement than most other gold and silver IRA companies. However, the company has transparent fees, and it will waive the first year of fees for new clients.
Here’s what you need to know about GoldCo’s pricing and fee structure:
- Annual Fees: $180 per year + storage fees
- Minimum Investment Requirement: $25,000
- Special Bonuses: First-year fees waived for new clients and 10% back in silver coins for new clients
GoldCo Pros and Cons
Depending on your needs, GoldCo may or may not be the right choice. Here are some pros and cons to consider with GoldCo.
Pros
- Good bonuses for new users, including waived first-year fees and 10% back on silver coins
- Non-pushy advisors
- Beginner-friendly gold IRA company
- Highest price buyback program
- Good range of gold and silver coins and bars available, including IRA-approved coins and bars from all over the world
- Strong ratings for customer service and overall setup experience
Cons
- High minimum investment requirement ($25,000)
- No platinum or palladium coins
- Limited transparency with account fees
- GoldCo Reviews: What Do Customers Say?
GoldCo has strong reviews online, including an A+ rating from the Better Business Bureau, a 4.8 star out of 5 rating from Trustpilot, and a 4.7 star out of 5 rating from Google reviewers.
Here are some of the things customers have said about GoldCo online:
Most users have good things to say about GoldCo employees, claiming they had a good experience with GoldCo’s salespeople and their customer service team.
Users report an easy roll-over process from a 401(k) to a gold IRA with GoldCo.
Most users were able to set up their GoldCo account “effortlessly” with the help of a GoldCo salesperson.
Some customers complain about confusing fees, uncertain gold and silver storage locations, and other annoyances with the gold IRA setup and maintenance process.
Some customers complain about GoldCo calling them multiple times per day in an attempt to sell their gold and precious metals IRAs.
Some users have issues with the $25,000 minimum deposit requirement, like much other gold and precious metal IRA companies only require a $5,000 initial investment.
Overall, GoldCo has thousands of positive reviews online from customers who have had a good experience with the company. Generally, GoldCo works as advertised to provide customers with a seamless gold IRA setup experience, and most customers have great things to say about GoldCo’s customer service.
About GoldCo
GoldCo is a gold IRA company based in Woodland Hills, California. The company has provided gold IRA services since 2006.
GoldCo has partnered with notable figures like Ron Paul and Sean Hannity to promote its gold IRA services.
You can contact the company via the following:
- Email: info@goldco.com
- Email Form: https://goldco.com/contact-us/
- Phone: 855-483-1718
- Mailing Address: 21215 Burbank Blvd, Suite 600, Woodland Hills, CA 91367
The Business Consumer Alliance has given GoldCo a AAA grade (its highest rating). GoldCo also received the Financial Company of the Year award for 2021 from the American Business Awards.
Final Word
GoldCo is a well-known gold IRA company with a proven track record of providing gold IRAs for more than 15+ years.
By signing up for a gold, silver, or precious metals IRA with GoldCo, you can transfer a portion of your retirement savings into precious metals.
To learn more about GoldCo’s gold IRA services or to signup today, visit the official website at GoldCo.com.
