When it comes to investing in gold and other precious metals, Goldco is often a name that comes up. But is this company a scam or can you trust them?
In this review, we will take an in-depth look at Goldco and see what their track record looks like. By the end of this article, you should have a good idea whether or not Goldco is the right choice for you.
Goldco Precious Metals Review
Goldco is well known as a trusted, experienced and full-service precious metals firm. Goldco has been around since 2006 and is one of the top gold IRA companies on the market today. Goldco is a premier provider of gold and silver IRAs.
Founded by Trevor Gerszt, GoldCo is based out of Woodland Hills, California. Goldco specializes in taking care of gold and silver IRA rollovers and offers their clients the opportunity to buy precious metals directly from them. Goldco works to protect, secure and diversify the investments and wealth of their customers.
The company’s excellence has not gone unnoticed by various publications, with Inc. Magazine even naming them one of the three fastest-growing financial services companies in the U.S. in 2015 – a tremendous accomplishment surely worth celebrating!
To get a full grasp of Goldco Precious Metals, let’s look at their company vision.
Company Vision
When establishing Goldco, founder Matt Gerszt had a vision for providing clear and honest services for all clients, including novice investors. His belief was that a well-diversified investment portfolio should include physical assets such as gold and silver, which would provide an added layer of stability and safety from the effects of economic and political conditions.
Thus, Goldco’s core focus is on providing its customers with the security associated with precious metals investments. They offer several different products such as bullion bars, coins and even other forms of rare metals that serve to offer a safe approach to investing.
This single mindedness towards offering pure gold and silver investments has enabled Goldco to become one of the most reliable names within this industry.
Services Offered By Goldco
1. 401(k) Rollover:
Goldco offers professional assistance for those looking to roll over their 401(k). This is a seamless process that can be completed quickly and easily with help from Goldco’s experts.
2. Self Storage Gold IRA:
One of the unique services offered by Goldco is the provision of self storage Gold IRAs to clients. This allows investors to store their gold in a secure location without having to worry about safety or security.
3. Precious Metals:
Another key service offered by Goldco is the buying and selling of precious metals outside of a gold or silver IRA account. This allows investors to buy and sell gold, silver, and other metals at competitive rates without having to open a gold or silver IRA account.
4. Bullion Coins & Bars:
Goldco also sells bullion coins and bars in order to provide investors with more options when it comes to investing in precious metals.
What is a Gold IRA?
A Gold IRA is a type of Individual Retirement Account (IRA) that is backed by physical pure gold coins or bullion. This means that instead of investing solely in the stock market and bonds, you can also invest in gold or other precious metals.
A gold IRA offers investors an avenue to benefit from pure gold and other precious metals while still getting the same tax advantages associated with an IRA retirement account.
Just like a traditional IRA or Roth IRA, gold or silver IRA accounts offer the same tax advantages but provide investors with an opportunity to invest in gold instead of stocks and bonds. SEP and SIMPLE IRAs also provide gold IRA options for those investors.
Additionally, existing retirement assets can be rolled over into gold IRAs, allowing them to benefit from any gains they may have made in stocks but maintain a level of stability by transferring that wealth into gold or other precious metals.
Why Invest in Gold IRA?
Gold IRA is becoming increasingly popular as gold has been seen as a safe haven asset in times of economic uncertainty. Gold also offers financial protection against inflation, which is why many investors are turning to gold IRA investments in order to protect their wealth.
On top of this, gold also has the advantage of being a tangible asset that can be stored or transferred without any fear of it being stolen or devalued. Gold IRA’ is also eligible for tax-deferred growth.
Goldco offers clients the opportunity to open a Gold IRA with them and start investing in gold. Goldco specializes in supplying IRA-approved gold and silver coins, helping both first-time investors as well as those with existing precious metals IRA accounts.
Goldco also offers assistance in the form of their experienced and knowledgeable IRA experts, who can help you navigate the process of setting up and managing a gold IRA. Their experts will guide you through the entire process and make sure that your investments are as safe and secure as possible.
How to Open a Goldco Precious Metals IRA
One of Goldco’s most popular services is the opening and managing of precious metals IRAs. Investing in a precious metals IRA needs the gold and silver to meet certain guidelines, including purity standards set by government regulators.
Fortunately, Goldco takes away all of your worries by making it simple for you to guarantee that only approved gold and silver are purchased into your IRA.
The process for opening a GoldCo Precious Metals IRA is simple and straightforward, taking only a few steps.
Step 1: Open an Account
The first step in setting up a gold IRA with Goldco is to open an account with the company. This can be done by visiting the Goldco website and filling out the necessary paperwork.
Step 2: Fund Your Account
Once an account has been opened with Goldco, the next step is to fund it. Funds can be transferred from traditional IRAs or 401(k)s into a Goldco IRA free of charge.
Step 3: Buy Your Precious Metals
Once the IRA has been funded, you can then begin to purchase precious metals through Goldco. Goldco offers a wide selection of gold and silver coins as well as other types of investment-grade bullion.
Step 4: Storing Your Investments
After buying your precious metals IRA, you can then choose to store them in an approved third-party depository or have Goldco store your investments for you.
What Are Goldco’s Fees?
GoldCo offers a flat fee model instead of charging you a percentage of your assets every year. The minimum investment cost to get started with Goldco is $15,000, which isn’t too difficult if you already have some funds set aside for precious metal investments.
While their fees aren’t stated upfront on their website, the company does allow for frequent promotions that give customers an opportunity to get a refund for their fees.
This means you don’t always have to worry about these charges when considering whether or not gold investing is the right option for you.
Goldco’s Customer Feedback & Complaints
Goldco has consistently received stellar reviews from many 3rd party review sites, including its A+ rating from the Better Business Bureau.
Consumer reviews on the BBB site praise Goldco with an impressive 4.87 out of 5 stars, and any complaints filed have been dealt with thoughtfully by the company.
It also merited an AAA rating from Business Consumer Alliance, as well as impressive 4.8 out of 5 star ratings both at ConsumerAffairs and TrustLink, with reviewers noting how responsive their service is to questions and how thorough and patient its specialists are.
It appears that Goldco is dedicated to providing its customers optimal services, and will do whatever it takes to go above and beyond what’s expected.
Goldco Features
To best understand this Goldco Review, let’s explore the features that make Goldco stand out. Here are 7 of them.
Low fees
As mentioned before, Goldco offers a flat fee model which is great for investors who don’t want to pay high percentage fees every year.
Buyback Program
Goldco has a buyback program where you can get cash for gold or silver coins that you don’t want to keep. This is beneficial for those who are looking to liquidate their investments quickly.
Free Shipping and Insured Delivery
When it comes to the delivery of precious metals, Goldco offers free shipping and insured delivery, so you can be sure that your investment is safe and secure during transport.
Wide Range of Products
Goldco offers a wide range of products. They offer gold coins, silver coins and bars, platinum coins, palladium coins and other bullion products. So whether you’re looking to diversify or just want to buy some gold or silver for yourself, Goldco has you covered.
Excellent Customer Service
The customer service team is also top notch. They are responsive and helpful when it comes to answering any questions you may have about investing in gold or silver.
Secure Storage Options
Goldco also offers secure storage options with a variety of custodians that can store your precious metals. They also have a storage insurance program, so you can be sure your investments are well protected.
Ease of Use
Goldco’s website is easy to use and navigate. Whether you’re just starting out or a seasoned investor, the website makes it easy to find what you’re looking for.
Conclusion: Is Goldco Trustworthy?
Yes, Goldco can be trusted to provide reliable service with regards to precious metals investing. With an impressive track record, quality customer service and competitive prices, Goldco is a great option for those looking to invest in gold and silver.
The company’s reputation speaks for itself – they are reliable and trustworthy. They have many satisfied customers who are happy with the services they have received from the company.
Goldco is an A+ BBB accredited business and has also been featured in numerous publications, including Forbes and Money Magazine. With all of this taken into consideration, Goldco proves that it is not a scam.
Ultimately, Goldco is a great option for those who want to invest in precious metals. With low fees, secure storage options, and their buyback program, it is worth considering if you are looking to get started in the precious metals market.
If you’re looking for an experienced precious metals firm with which to grow your wealth, look no further than Goldco.
Frequently Asked Questions:
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