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Goldco Review

Reviews 1,357
Goldco
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Goldco
Goldco
Excellent
Reviews 1,357
Patrick Sather
Aug. 15, 2023
4 min read
Patrick Sather
Goldco Summary
Goldco is a precious metals company that specializes in gold and silver coins and precious metals IRAs. Founded in 2011, it offers over 48 different coins sourced from some of the best mints in the world as well as precious metals IRAs. Moreover, with its BuyBack Guarantee, Goldco will repurchase your unwanted gold and silver at the best available price should you ever want to sell.

Pros

  • BuyBack guarantee gets you best price on sales
  • Free shipping on all purchases
  • Over 48 different gold and silver coins to choose from

Cons

  • Must call to open an account
  • High minimum purchase requirements

Goldco at a glance

9.2
Editorial score

Years in Business

10-14 years
10.0

Minimum IRA Investment

$20,000-$29,000
9.0

Diversification

Gold & silver; physical assets & IRAs
9.0

Customer Service

Phone with days & hours listed, plus online form and email
9.0

Online Experience

Organized menu with clear directions to opening an IRA
9.0

Goldco Goldco Visit Site

Goldco in a Nutshell

Years in Business

12

Minimum IRA Investment

$25,000

Fees

  • Annual custodian fee: $300

  • Shipping and transaction fees: $0

Services Offered

  • Gold coins and bars

  • Silver coins and bars

  • Precious metals IRAs

Suitable for

  • Investors who want a wide variety of coins to choose from while maximizing their return if they ever wish to sell their gold or silver assets

Online Experience

  • Many articles with information about precious metals IRAs and the gold and silver markets

  • No FAQs

  • No info on fees or minimum purchase requirements 

  • No online application (must call to open an account)

Overview

Since 2011, Goldco has sold over $1 billion in gold and silver. It is accredited with the Better Better Business Bureau and has an average customer rating of 4.8 out of 5 stars on over 480 reviews. Goldco’s endorsers include major media figures like Sean Hannity, Chuck Norris, and Ben Stein.

With Goldco, you can invest in a wide variety of physical gold and silver products. Its catalogue of over 48 unique gold and silver coins are sourced from some of the most reputable mints around the world. Among its list of products you can find:

  • Gold and Silver American Eagle (U.S. Mint)

  • Gold and Silver Striped Marlin (Perth Mint)

  • Gold and Silver Maple Leaf (Royal Canadian Mint)

  • Gold and Silver Valor (Royal Dutch Mint)

  • Gold and Silver Military Guinea (East India Company)

In addition to physical gold and silver coins, Goldco offers precious metals IRAs. For a $300 annual custodian fee, you can move your IRA or 401(k) to Goldco and invest in gold and silver assets within your retirement account. 

Suitable for?

If you want to see an immediate return on your gold and silver investment, Goldco may be right for you. Although its precious metal IRAs charge a relatively high annual fee, Goldco also offers some of the best promotions in the industry. 

Goldco is also a good option if you’re a risk-adverse investor. With its BuyBack Guarantee, Goldco promises to repurchase your gold and silver at the best available price should you ever wish to sell.  

Terms and Fees 

You must make a minimum purchase of $25,000 in order to buy physical gold and silver with Goldco. In my opinion, this initial purchase fee is one of the biggest hurdles to getting started with Goldco. However, it does not charge any shipping or transaction fees. 

Similarly, Goldco also requires you to transfer or roll over at least $25,000 from an existing retirement account to open a precious metals IRA. That said, future investments can be made in smaller amounts after your initial purchase. 

Additional regular contributions can be made up to the annual IRA contribution limit set by the IRS, or you can transfer another outside IRA or 401(k) into your existing Goldco account. Goldco charges a $300 annual custodian fee to service your IRA, which is slightly above the industry average.

FeesAnnual Custodian FeeMinimum Purchase AmountShipping and Transaction Fees

Account Open Fee

$300

$25,000

$0

How It Works

To get started with Goldco, you need to request an application to open an account. You’ll have to do this through Goldco’s website or over the phone with a customer service agent as there’s no online form available. Whether you want to purchase physical gold and silver or open a precious metals IRA, opening an account with Goldco involves the following steps:

1. Submit your account agreement

Review your paperwork to ensure all your personal and financial information is accurate. Incorrect paperwork can lead to processing delays and errors in opening your account.

2. Fund your account or precious metals IRA

If you want to purchase physical gold and silver, you’ll need to transfer money from your bank or credit union to your Goldco account. You can send funds via a bank wire or a check to Goldco’s office in Los Angeles, California. 

If you’re opening a precious metals IRA, you’ll need to fund your initial purchase via a transfer or rollover. You can transfer funds from an existing IRA, 401(k), 403(b), or TSP. Be advised, transfer times can vary depending on the surrendering company. 

3. Purchase precious metals in your account

Once you’ve opened your account, you can contact one of Goldco’s agents to place an order for gold, silver, or a combination of both. If you’re buying physical metals, Gold can ship the metals to a vault, custodian, or directly to you. 

Meanwhile, if you’re purchasing investments for your IRA, your metals will be transferred to a secure storage facility, as the IRS does not allow investors to take physical ownership of precious metals invested in an IRA. 

Help & Support

You can contact Goldco’s customer service team via phone and live chat during regular business hours. Its support agents are standing by from 7am-4pm PT, Monday-Friday. Please note, Goldco’s representatives are not licensed financial advisors and are not qualified to give financial or tax advice.

If you have general questions, check out the News and Articles section on Goldco’s website to learn more about precious metals IRAs or the gold and silver market.

Phone: (855) 450-1394

FAQs

What precious metals can I buy through Goldco?

You can invest in over 48 unique gold and silver coins through Goldco. It sources coins from some of the top mints in the world, including the U.S. Mint, Royal Canadian Mint, Perth Mint, New Zealand Mint, East India Company, and Royal Dutch Mint. 

Does Goldco offer a no-fee precious metals IRA?

Goldco does not currently offer a no-fee precious metals IRA. All IRAs are subject to an annual custodian fee of $300. However, it occasionally features special offers that can earn you cash on qualifying deposits when you open a new precious metals IRA. 

What is Goldco’s BuyBack Guarantee?

If you need to sell your gold or silver assets, Goldco guarantees to repurchase your precious metals at the best available price. 

Goldco Goldco Visit Site

Conclusion

Goldco provides a large selection of gold and silver products for you to choose from. It also allows you to diversify your retirement portfolio by investing in a precious metals IRA. In just a few years, Goldco has managed to earn major endorsements from media figures like Sean Hannity and garner hundreds of glowing reviews. 

Although Goldco’s minimum purchase requirements are higher than those of other gold and silver companies, it’s BuyBack guarantee is a unique feature in the precious metals industry. 

While its website is a little vague on details, I found Goldco’s staff to be friendly and polite. Give its team a call and ask for a free kit to see how you can get started investing in precious metals. 

Methodology

This review was based on information gathered from Goldco’s website, conversations with its customer service team, and third-party reviews. 

Patrick Sather
Written by
Patrick Sather
Patrick Sather is an award-winning personal finance writer and licensed broker who has worked for some of the largest financial firms in the United States, including TD Ameritrade and Pacific Life. A graduate of the University of Nebraska in both Economics and International Trade and English, his articles on life's most common financial decisions and quandaries are straightforward, practical, and always easy to understand.
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