Are you searching for unbiased Goldco reviews? You have come to the right place. Here, we will discuss Goldco, a highly regarded gold IRA provider and one of the industry’s fastest-growing companies. Does Goldco engage in fraud? Are there any online complaints regarding them? Let’s look into it…
Table of Contents
- 1 Goldco Reviews Summary
- 2 Is Goldco a Scam?
- 3 Goldco Gold IRA Fees
- 4 Is Goldco a Legitimate Company?
- 5 Goldco Complaints
- 6 Goldco Lawsuit
- 7 Goldco Products
- 8 Accreditation and Customer Reviews
- 9 Pros of Goldco
- 10 Expert Precious Metals Specialists
- 11 Multiple Products
- 12 Excellent Ratings
- 13 Cons of Goldco
- 14 High Minimum Investment
- 15 Is Goldco IRA an Ideal Investment?
- 16 Frequently Asked Questions
- 17 Does Goldco Operate Internationally?
- 18 Does Goldco Store Investments for Customers?
- 19 Can Goldco Deliver to Your Home?
- 20 Goldco Reviews- Conclusion
Goldco Reviews Summary
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 a Scam?
Trevor Gerszt, the company’s current CEO and managing director, founded Goldco over a decade ago. He founded the company in order to educate customers on the investment value of precious metals such as gold and silver.
As a result, the website of Goldco 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 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 a Legitimate Company?
Yes, Goldco is a legitimate, government-regulated company with over a decade of industry experience.
The company is committed to both educating customers 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 and to learn about their products and fees. In addition, you will receive Free Gold Investment DVDs to get you started.
It appears that this company makes an effort to respond to online customer 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 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 most outstanding customer service in the sector and the lowest storage and administrative fees.
Goldco 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 many years that Goldco has been in business, no lawsuits have been filed against them, demonstrating their legitimacy and dependability.
In addition to the frequently updated, exhaustive information and instructive blog posts on their website, the team of precious metals specialists at Goldco is a priceless gem for customers. 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’s 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 review would be lacking. Some of the Goldco ratings are listed below:
BBB– The BBB has given Goldco an outstanding A+ rating based on 698 customer reviews and complaints.
BCA- The Company has an AAA rating with the Business Consumer Alliance
Trustlink– they have a 4.8-star rating after 254 customer reviews and complaints on Trustlink.
Trustpilot- 4.8 rating on Trustpilot based on 1241 reviews
Consumeraffairs.com– they have a 4.9-star rating after 1685 reviews on Consumeraffairs.com
Pros of Goldco
Expert Precious Metals Specialists
The business employs qualified precious metals specialists who can respond to customer needs in a timely manner. As far as experience is concerned, Goldco has an advantage due to the fact that it has been in operation for over a decade.
The fact that Goldco’s product catalog offers a variety of items in the form of coins and bullion is beneficial for customers 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.
Cons of Goldco
High Minimum Investment
The minimum investment in Goldco 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 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 Operate Internationally?
No, Goldco operates only within the USA.
Does Goldco Store Investments for Customers?
No, they use third-party depositories to store your investment.
Can Goldco Deliver to Your Home?
Yes, you can order precious metals from Goldco and have them delivered to your home.
Goldco Reviews- Conclusion
Thank you for reading our Goldco reviews. Positive and negative aspects exist for Goldco. Customers have provided them with both negative and favorable feedback. It turns out that most customer problems are trivial and can be quickly fixed by contacting 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 customers 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 customers.