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Investing in precious metals IRA is a once-in-a-lifetime investment. So, choosing the right brokerage company is key to securing your investments. Let’s compare Goldco and Noble Gold to help you pick the right service provider for your needs.
What is Goldco?
Goldco is a precious metal IRA service provider that was established in 2006. The company helps in protecting the retirement investment of individuals by investing in precious metals like gold, silver, platinum, and palladium IRAs. In addition to that, the company also directly sells precious metals to its investors.
What is Noble Gold?
Established in 2016, Noble Gold specializes in Gold IRA. In addition to gold and silver, it offers a variety of precious metals to add to your retirement investment account.
What do they both offer?
Goldco and Noble Gold offer a wide range of investment accounts targeted toward securing the retirement investment of their customers. They follow a flat fee structure that helps in calculating the cost of holding specific IRA investment accounts. Investors utilizing the services of both brokerage firms will benefit from their highly responsive customer support.
What does Goldco offer that Noble Gold does not?
With more than a decade of experience in the market, Goldco has a stellar record with its customers. The service provider specializes in precious metals IRA with a wide range of accounts designed for specific purposes. It offers traditional and Sep IRA Planning tools that help in devising suitable retirement plans.
What does Noble Gold offer that Goldco does not?
Though Noble Gold is relatively a new entrant compared to Goldco, it holds a good market reputation among customers with a wide variety of accounts, especially gold-backed IRA. Investors get a unique option of investing in rare coins in addition to other precious metals. Noble Gold offers a home delivery service of precious metals to its Royal Survival Pack customers.
The company does not charge any setup fees. Potential investors can read up on the investment strategies using the valuable resources offered by the service provider.
Goldco: Goldco does not provide a comprehensive list of its prices and fees on its website, and it does not offer price matching with its competitors. We contacted them directly to find out their fee structure and this is what they shared with us:
"The required minimum purchase at Goldco to start a gold IRA is $25,000. Goldco’s preferred Custodian charges a flat annual account service fee which includes a one-time IRA account set-up fee of $50, as well as a $30 wire fee. Annual maintenance is $100, and storage is $150 for segregated storage or $100 for non-segregated storage.Fees for gold storage and custodianship can vary depending on the company you select to handle these services (required by the IRS, as all IRA assets must be managed by a custodian). Depending on the Custodian, storage fees can range from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1% annually. Goldco does not charge any storage fees for cash transactions over $25,000."
Noble Gold: Noble Gold is a cost-effective option for small investors and first-timers. However, the storage and annual fees can add up to the cost in the end. The brokerage company features a flat fee structure for its customers with an annual fee of $80 and a storage fee of $150 for all accounts.
How trustworthy is Goldco?
Since 2006, Goldco has been assisting investors in protecting their retirement savings by rolling over their exiting 403(b), 401(k), IRA, and other retirement accounts to a precious metals IRA. It holds an A+ rating from the Better Business Bureau, with consumers giving it a rating of 4.87 out of 5 stars.
For over one and a half decades, it has successfully served more than 3 million customers. All complaints filed against the service provider have been resolved. The Business Consumer Alliance gives the company an AAA rating.
How trustworthy is Noble Gold?
Noble Gold is a legitimate precious metals company, with reviews indicating a high level of customer satisfaction. The brokerage company holds an A+ rating from the Better Business Bureau with an average customer rating of 4.8 out of 5 stars. ConsumerAffairs and TrustLink give the service provider a rating of 5 out of 5 stars.
The Consumer Alliance also gives an AA rating to the company. Noble Gold features a simple and easy registration process that takes only about 5 minutes with proper guidance from their representatives.
If you want to know more about GoldCo, read a full Noble Gold Review here.
Who is behind Goldco?
Trevor Gerszt is the founder and CEO of Goldco. He has more than two decades of experience in wealth and asset protection through investments in precious metals in Los Angeles. He is currently a member of the Board of Directors of the Better Business Bureau of LA and Silicon Valley.
Who is behind Noble Gold Investment?
Collin Plume is the President and CEO of Noble Gold. He holds an impressive track record of advising investors on various strategies to help them manage their assets and create wealth. After joining the precious metals firm, he rose to become one of the top brokers in the US with sales of more than $28 million in one year.
Educating the customers
Goldco features a simple and straightforward process of registration that allows users to open an account within minutes. Except for the high minimum investment limit, all the services offered by Goldco are in favor of their customers. Even though they do not offer custodian services, they will help you find a suitable custodian.
Noble Gold is a relatively newer industry player that has yet to make an impact to compete with stalwarts like Goldco. In our view, Goldco currently has the edge over brokerage companies like Noble Gold.