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If you’ve looked into a Gold IRA, then you might have heard about Goldco. I decided to do a full review, to see what all the hype is about. I took a look at all the information I could find, and came away with some things to like, and some things to be wary of.
After reading the review, make sure you check out my other articles on Gold IRAs, and read the full FAQ at the bottom.
Why Choose Goldco?
In life, they sometimes say you can judge a person by the company they keep. Of course, that can cut both ways. No matter what, it says a lot about a company when they cultivate relationships with their spokespeople.
Goldco has partnered with Sean Hannity and Chuck Norris as their brand ambassadors. Whatever else you can say about both men, we all know they stick by their convictions, and they mean what they say.
Both of them have given not only their approval of Goldco, but have stated publicly that they won’t endorse any other Gold company to friends or family. That means a lot, considering how important reputation and relationships are to both men.
Writing an honest review also means taking into account any complaints or negative reviews a company has garnered. With Goldco, I took a look at the most common complaints on the Better Business Bureau website, and found the majority of negative reviews were resolved to the customer’s satisfaction. Most of the complaints surrounded unsolicited calls, which Goldco ceased.
- BCA Rating: AAA
- BCA Complaints: 1 (resolved)
- BBB Rating: A+
- BBB Complaints: 12 complaints closed in last three years
- TrustLink: ⭐⭐⭐⭐⭐ (4.9/5) Based on 255 reviews
- Trustpilot ⭐⭐⭐⭐⭐ (4.9/5) Based on 768 reviews
- Consumer Affairs: ⭐⭐⭐⭐⭐ (4.8/5) Ratings - Based on 856 Reviews
- Google My Business: ⭐⭐⭐⭐⭐ 4.9 Ratings - Based on 905 reviews
The other complaint I saw as for customers perceiving that coins weren’t valued correctly. In several of these cases, Goldco offered to buy the coins back at a profit to the customer. I should also note that on the BBB website, Goldco maintains an average 4.84 rating out of 5.
What Makes Goldco Different?
Goldco knows what’s important to you: stability. The whole business model of Goldco revolves around this key feature. Investing in a Gold or Silver IRA helps give stability, and security, during changing times.
One thing that has remained constant through the years is the power of Gold. Even newer, internet based financial companies know that the power of gold has remained steady, or even increased, over time.
Goldco’s dedication to your financial stability extends to how they report on gold in the market. You can always see real-time and historical data related to gold prices, and make your decisions with an informed mind.
Goldco knows this, and has limited their offerings of Gold and Silver to the most stable, minted options out there. Their catalog includes over 15 coins from certified government mints around the world. And all of them are IRA eligible.
In addition to the coins, Goldco offers a variety of bars, gold and silver, that are IRA authorized and come in a diverse array of weights. What doesn’t change? The purity of the gold. All of the bars offered by Goldco are .9999 fine, for the most stability in the economy.
In addition to their interest in stability, Goldco knows that not everything in life goes as planned. That’s why they're proud to offer the industry’s highest buyback rate, guaranteed.
That means you can be assured that should anything ever go awry, Goldco still has your back, even if it means you need to divest of some of your precious metals.
How To Get Started
Starting an account with Goldco couldn’t be easier. It’s a three step process that’s designed for anyone to access and understand it.
You may have questions, and in fact, you should. Moving retirement accounts can be risky, and Goldco knows that. That’s why they’ll dedicate an agent to working with you through every step of paperwork, answering every question you have with honesty and transparency.
You can fund your IRA with Goldco through a variety of means. One of the most popular options is to simply rollover some form of your existing IRA or 401(k).
Not sure how to do that? No problem. Goldco agents are experts at helping you navigate the process, making sure you don’t face any tax liabilities or penalties in transferring your retirement over to a Precious Metals account.
Do you have a less-traditional retirement account? Not a problem, either. Goldco can work with your 403(b), Thrift Savings Program, traditional savings account, or any other form of retirement account you already have.
Here the power is all in your hands. You can browse through Goldco’s impressive catalog of coins and bars, assured that all of them are marked for purity, IRA eligibility, and minter. There’s no part of the process left to chance.
Pros & Cons
No honest review isn’t complete without the good and the not-so-good. Here are the main takeaways.
Deciding what companies you can trust is a tough process. Sometimes we have to go with our gut. And sometimes we’re lucky enough to get an endorsement from someone we already trust. In this case, if the names Sean Hannity or Chuck Norris mean a lot to you, you can’t do any better than Goldco.
While we would have liked to see more information on their website about pricing and storage fees, we did find a lot to like about how much information they give on their actual gold and silver products. In the end, they definitely warrant your checking out their free information kit to make an informed decision of your own.
Also read: What is Gold IRA, Best Gold Ira Companies, Goldco vs Augusta Precious Metals, Goldco vs Noble Gold
Yes, you can absolutely trust Goldco. Not only do they have impeccable celebrity endorsements, but they are monitored by the BBB, with an A+ rating, the highest you can get.
A buyback, in any industry, is when you need to liquidate your asset before maturation. Basically, if you invest cash in gold, and need to retrieve that cash before an actual sale of the gold on the open market, you can offer it to Goldco. Their guarantee is that you will always get the highest rate on your buyback with them.
Yes you can. Goldco has an option to buy physical gold or silver from them. And they apply the same rigorous quality standards to those purchases as they do to their IRA eligible products.
I’m new to the precious metals market and am looking to place $400,000 with a company. I have talked to a Senior Vice President at Goldco and was impressed. Are there any other companies you recommend that I should talk to to complete my due diligence? I will keep your answer confidential.
Absolutely. Have a look at our list of Best Gold IRA Companies, where you can find all the companies we recommend. Aside from GoldCo, we highly suggest Augusta Precious Metals, which is second on that list.