In this Goldco Precious Metals review, we will discuss Goldco, a highly regarded gold IRA provider and one of the industry’s fastest-growing companies. Does Goldco Precious Metals engage in fraud? Are there any online complaints regarding them? Let’s look into it…
Table of Contents
- 1 Company Info
- 2 Is Goldco Precious Metals a Scam?
- 3 Goldco Precious Metals Gold IRA Fees
- 4 Is Goldco Precious Metals a Legitimate Company?
- 5 Goldco Precious Metals Complaints
- 6 Goldco Lawsuit
- 7 Goldco Precious Metals Products
- 8 Accreditation and Customer Reviews
- 9 Advantages of Goldco Precious Metals
- 10 Expert Account Executives
- 11 Multiple Products
- 12 Excellent Ratings
- 13 Disadvantages of Goldco Precious Metals
- 14 High Minimum Investment
- 15 Is Goldco IRA an Ideal Investment?
- 16 Frequently Asked Questions
- 17 Does Goldco Precious Metals Operate Internationally?
- 18 Does Goldco Precious Metals Store Investments for Clients?
- 19 Can Goldco Precious Metals Deliver to Your Home?
- 20 Goldco Precious Metals Review Conclusion
Minimum Investment: $25, 000
Incentive: 5% back on metals over $50, 000
CEO: Trevor Gerszt
Products and Services: Precious Metals IRAs, Investment-grade Coins, bars
Overall Rating: 4.9/5 ⭐⭐⭐⭐⭐
Is Goldco Precious Metals a Scam?
Trevor Gerszt, the company’s current CEO and managing director, founded Goldco Precious Metals in 2006. He founded the company in order to educate clients on the investment value of precious metals such as gold and silver.
As a result, the website of Goldco Precious Metals is replete with excellent precious metals information to assist customers in comprehending the metal varieties for sale. Such examples include rare coins, pre-1933 coins, investment-grade coins, and even bars.
Additionally, the organization offers Gold and Silver IRAs, as well as instructional documents that explain how including precious metals in your retirement plan can safeguard your assets against unforeseen future events.
Goldco Precious Metals Gold IRA Fees
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.
Is Goldco Precious Metals a Legitimate Company?
Yes, Goldco Precious Metals is a legitimate, government-regulated company with over a decade of industry experience.
The company is committed to both educating investors and selling investment-grade bullion. I appreciate that this company offers some of the lowest fees as well as secure storage for gold IRAs. They are a reputable company that will walk you through each step of the rollover procedure.
Click the link below to request a Free Gold IRA Guide from Goldco Precious Metals and to learn about their products and fees. In addition, you will receive Free Gold Investment DVDs to get you started.
Goldco Precious Metals Complaints
It appears that this company makes an effort to respond to online consumer complaints. The only exception is a single unanswered complaint we discovered on the ComplaintsBoard.
It is astonishing that this company has quite a few complaints despite operating for a long time and serving thousands of consumers. Goldco actually has the best BBB rating, an A+, demonstrating its credibility and popularity with investors.
Hence, Goldco Precious Metals still has a monopoly on the market, particularly for precious metals IRAs, notwithstanding a few complaints here and there, which are typical in any other corporation. They provide the greatest customer service in the sector and the lowest storage and administrative fees.
Goldco Precious Metals is one of the few businesses that has never been sued by a customer, as opposed to the vast majority of businesses that have gotten into trouble for violating IRS guidelines and other laws. In the seventeen years that Goldco Precious Metals has been in business, no lawsuits have been filed against them, demonstrating their legitimacy and dependability.
Goldco Precious Metals Products
In addition to the frequently updated, exhaustive information and instructive blog posts on their website, the team of account executives at Goldco Precious Metals is a priceless gem for clients. Due to their years of handling experience, they are in a superior position to inform consumers about all aspects of precious metals.
Their representatives promise to attentively guide you through the process of adding precious metals to your retirement accounts (IRA/401K) and deliver precious metals to your home upon request.
Goldco Precious Metals’ extensive collection of precious metals (primarily silver and gold) includes rare coins, investment-grade coins, bullion, and bars. You can always find the type of precious metal you search for in their catalog.
Accreditation and Customer Reviews
If we didn’t take a look at consumer reviews and ratings on reliable sites like the Better Business Bureau, our Goldco Precious Metals review would be lacking. Some of the Goldco Precious Metals ratings are listed below:
BBB– The BBB has given Goldco an outstanding A+ rating based on 677 customer reviews.
BCA- The Company has an AAA rating with the Business Consumer Alliance
Facebook– Goldco has a rating of 4.5 on Facebook
Trustlink– they have a 4.8-star rating after 254 customer reviews and complaints on Trustlink.
Trustpilot- 4.8 rating on Trustpilot based on 1238 reviews
Consumeraffairs.com– they have a 4.9-star rating after 1684 reviews on Consumeraffairs.com
Advantages of Goldco Precious Metals
Expert Account Executives
The business employs qualified account executives who can respond to client needs in a timely manner. As far as experience is concerned, Goldco Precious Metals has an advantage due to the fact that it has been in operation since 2006.
The fact that Goldco Precious Metals’ product catalog offers a variety of items in the form of coins and bullion is beneficial for clients because it allows them to find everything they need under one roof. The majority of the precious metals in their extensive inventory are eligible for IRAs, which is another benefit.
They have exemplary reviews and ratings on websites like Trustlink, Business Consumer Alliance, and the Better Business Bureau.
Disadvantages of Goldco Precious Metals
High Minimum Investment
The minimum investment in Goldco Precious Metals is $25,000. This can turn off investors who want to make modest investments. While compiling this review, we just identified this one drawback.
Is Goldco IRA an Ideal Investment?
The numerous positive customer reviews and testimonials are enough to propel Goldco Precious Metals to the highest rankings among Gold IRA companies of 2023. We’ve found that this company is performing better in regard to its relations with customers.
Frequently Asked Questions
Does Goldco Precious Metals Operate Internationally?
No, Goldco operates only within the USA.
Does Goldco Precious Metals Store Investments for Clients?
No, they use third-party depositories to store your investment.
Can Goldco Precious Metals Deliver to Your Home?
Yes, you can order precious metals from Goldco and have them delivered to your home.
Goldco Precious Metals Review Conclusion
Thank you for reading our Goldco Precious Metals review. Positive and negative aspects exist for Goldco Precious Metals. Customers have provided them with both negative and favorable feedback. It turns out that the majority of customer problems are trivial and can be quickly fixed by getting in touch with a customer service representative over the phone or through live chat.
Many complaints are made on internet directories since the bulk of complaints come from consumers who are unaware of the available routes for contacting help.
While complaints are a normal aspect of working for a big company, some of them raise serious questions. For instance, you should exercise caution when dealing with businesses that have hundreds of unanswered complaints, as this merely suggests that they don’t value their clients.