Goldco Gold IRA Review 2023

Gold is long-seen as an investment option Your portfolio is diversified And Hedging against inflation. Historically, investors have looked to gold as a store of value during times of global or economic uncertainty.

If you are new to precious metals investing, gold investment companies can help you get started. One of the most well-known companies in the space is Goldco, which specializes in Gold IRA retirement plan. The Goldcore Gold IRA is easy to set up, and the company excels at serving its customers.

If you think you could benefit from investing in gold, get started now by requesting Goldco’s free information kit here.

Goldco Overview

Goldco is a privately held gold investment company founded in 2006. The Los Angeles-based company aims to help investors protect their retirement savings through Gold IRAs Retirement plans that can hold gold, silver and other precious metals. Goldco sells gold and silver directly to consumers.

Goldco has been listed as one of the Inc 5000’s fastest growing private companies for the past six years. The American Business Awards recognized Goldco as Company of the Year in 2021 and 2022.

Goldco price

Like other gold IRA companies, Goldco attaches several fees to your account. For starters, you must pay a one-time setup fee of $50 and an annual account administration fee of $80.

When you purchase precious metals for a gold IRA, you must store them in an IRS-approved depository, which usually involves a fee. In this case, Goldco charges a $100 annual storage fee for storing your coins and bars with other people’s gold, and $150 per year if you store your gold separately from others.

You can notice each plane of these fees. In contrast, many gold companies charge a percentage of the value of your deposit, often between 0.5% and 1% annually. Storage fees can range from $175 to $225 or more depending on the size of your deposit.

With Goldco’s flat-fee structure, your fees stay the same whether you deposit $25,000 or $50,000 or more. According to the company, most consumers can expect to pay about $180 in fees per year with a Gold IRA.

Incidentally, Goldcore has a minimum of $25,000 Investing to open a gold IRA. As such, the roughly $180 annual fee works out to 0.72%, which is a competitive rate compared to expense ratios with most IRAs and 401(k) plans, typically around 0.5% to 0.8%.

Learn more about investing in gold with Goldco.

Goldco Gold IRA Professional

Goldco enjoys high ratings in part because of the numerous benefits the company offers its customers. These include:

• Free Kit: Goldco offers a free beginner’s guide to help you understand gold and precious metals investing.
• Special offer: Goldco offers free shipping and a 10% bonus on qualifying silver purchases.
• Strong Reputation: The company enjoys high ratings and recognition from organizations and customers alike. For example, the company has an A+ rating from the Better Business Bureau (BBB), an AAA rating from the Business Consumer Alliance, and a 4.8 rating on Trustpilot.
• Experience: Goldco has a 17-year track record of assisting precious metals investors.

Goldco Gold IRA Cons

When deciding to open a gold IRA with Goldco, consider the company’s pros as well as its cons, such as:

• Minimum Investment: Goldcore’s $25,000 minimum investment is on the high side compared to competitors. At the other end of the spectrum, American Hartford Gold has no minimum contribution amount.
• Limited options: GoldCo offers only gold and silver investments. If you want to invest in other precious metals, consider the Oxford Gold IRA, which allows you to hold paper assets like gold, silver, platinum and palladium, as well as mutual funds, exchange-traded funds (ETFs) and gold mines. stock

Goldco’s unique advantage

Internal Revenue Service (IRS) regulations require gold to meet purity and size standards Eligible for a gold IRA. For example, gold bars and rounds, with the exception of American Gold Eagle coins, must be 99.5% pure, as must gold coins.

Maintaining high purity standards not only helps GoldCo comply with IRS regulations, but the high price-to-price ratio enables the company to offer an exceptional buyback guarantee. As the company says, “If your circumstances change, Goldco offers a buy back program guaranteed at the highest price.”

Explore your gold investment options with Goldco here.

Goldcore’s unique flaw

Goldco is among the few companies that limit their gold IRA offerings to gold and silver. Most of the gold companies we researched offer four types of precious metals: gold, silver, platinum and palladium. Some companies add paper investments to their offering, eg ETF and precious metal futures.

While it’s surprising that a market leader has such limited options, it makes sense for the company to focus on what it does best. Specializing so tightly in core offerings may be why their customer service rates are high.

Bottom line

As a gold investment company, Goldco is now the market leader with more than $1 billion in gold and silver orders in its 17-year history. With a 4.8 rating on TrustPilot and an A+ rating from the Better Business Bureau, investors can be confident they’re dealing with a reputable gold company with steady potential.

As with any investment, it’s always wise to shop around and compare multiple companies before making a decision. Also, consider your risk tolerance level and if the investment will help you meet your financial goals.

If you decide to open a gold IRA with Goldco, the process is a straightforward one consisting of three steps: opening your IRA, funding your account and purchasing your precious metals.