Clicky

GoldCo Review: Are Their IRAs Legit in 2022?

By Jonah Ellingson

GoldCo, IRA Reviews

GoldCo is a company that has been in business for over 30 years and specializes in Gold and Silver IRAs.

They offer a variety of gold and silver products, including coins, rounds, and bars. GoldCo also offers storage services to their customers to help them keep their precious metals safe.

In this GoldCo review, we will cover all aspects of their gold and silver investing company, including what they are, how their products work, how to open an account with them, and the pros and cons of using their services.

We will also compare GoldCo to some of its top competitors in the market so you can decide if they are the right fit for you.

What is GoldCo?

a pile of four gold bars next two several stacks of gold coins

GoldCo is a gold IRA company that has been around for over 30 years. They offer a variety of Gold products, including coins, bars, and rounds. GoldCo also offers storage services to their customers to help them keep their Gold safe.

GoldCo boasts an impressive AAA rating from the Business Consumer Alliance, an A+ rating from the Better Business Bureau, as well as a 4.8 out 5 star rating at Consumer Affairs.

This helps to give customers peace of mind when it comes to gold and silver investing, as they can feel confident that they are working with one of the best precious metal investment companies in the business.

How Do GoldCo IRAs work?

GoldCo IRAs work by allowing investors to put money into Gold or Silver instead of stocks or other assets.

This can be a good way to diversify your portfolio and protect your wealth in case the stock market crashes.

Gold and Sliver are physical assets, so it can be a good hedge against inflation. GoldCo offers both traditional and Roth IRAs, so you can choose the option that best fits your needs.

Can You Rollover a Traditional IRA into a GoldCo IRA?

Yes, GoldCo offers a traditional IRA rollover option for those looking to invest in Gold or Silver.

How to Rollover Your Traditional IRA to a Gold or Silver IRA at GoldCo

GoldCo makes the rollover process easy and straightforward.

You can either transfer your existing IRA to GoldCo or rollover your 401k into a Gold or Silver IRA.

Once you have decided to rollover your traditional IRA, simply contact GoldCo and they will help you through the rest of the process.

Here’s a look at how the process works in a bit more detail: 

How to Open an Account with GoldCo

Opening an account with GoldCo is a simple process that can be done online or over the phone.

You will need to provide some personal information, such as your name, address, and Social Security number.

You will also need to choose how you want to fund your account. GoldCo accepts rollovers, transfers, and new contributions.

What are GoldCo’s Main Products, Plans, and Services?

several stacks of gold and silver coins

As we mentioned earlier, GoldCo specializes in Gold and Silver IRAs.

They offer a variety of Gold and Silver products, including coins, bars, and rounds.

GoldCo also offers storage services to their customers to help them keep their precious metals safe. They have partnered with Brinks, one of the world’s largest security companies, to provide storage for their Gold IRA customers.

GoldCo’s Physical Gold Offerings

  • Gold Liberty Coin: The total value of each coin is about $25. It has Queen Elizabeth II stamped on the front, and the back features the Liberty Bell in Philadelphia, PA.
  • Gold Eagle Coin: The Gold Eagle coin is GoldCo’s most popular product. It is an official US Mint coin and is available in denominations of $50, $25, $20, and $05. Gold Maple Leaf Coin: The Gold Maple Leaf coin is produced by the Royal Canadian Mint and features a maple leaf on the front and Queen Elizabeth II on the back.
  • Gold Krugerrand Coin: The Gold Krugerrand coin is South Africa’s national coin and features Paul Kruger, the country’s first president, on the front, and a Springbok antelope on the back.
  • Gold bars: Gold bars come in a variety of sizes, from one gram to 400 ounces. GoldCo offers bars from a variety of manufacturers, such as Valcambi, PAMP Suisse, and Credit Suisse.
  • Gold rounds: Gold rounds are discs that are minted by private companies and usually have designs that mimic coins. They come in a variety of sizes, from one ounce to one gram. GoldCo offers rounds from a variety of manufacturers, such as Sunshine Minting and Engelhard.

GoldCo’s Physical Silver Products

  • Silver American Eagle – Type 1: The Silver American Eagle is the official silver bullion coin of the United States and is minted by the US Mint. It contains one troy ounce of .999 fine silver and has a face value of $0.01. The front of the coin features Lady Liberty, and the back features an eagle in flight.
  • Silver American Eagle – Type II: The Silver American Eagle – Type II is a variation of the regular Silver American Eagle coin. It was minted in 1986 and contains one troy ounce of .999 fine silver. The front of the coin features Lady Liberty, and the back features an eagle in flight.
  • Silver Maple Leaf Coin: The Silver Maple Leaf coin is produced by the Royal Canadian Mint and features a maple leaf on the front and Queen Elizabeth II on the back.
  • Silver bars: Silver bars come in a variety of sizes, from one ounce to 100 ounces. GoldCo offers bars from a variety of manufacturers, such as Valcambi, PAMP Suisse, and Credit Suisse.
  • Silver rounds: Silver rounds are discs that are minted by private companies and usually have designs that mimic coins. They come in a variety of sizes, from one ounce to one gram. GoldCo offers rounds from a variety of manufacturers, such as Sunshine Minting and Engelhard.

When Are You Eligible to Cash Out Your GoldCo IRA?

You are eligible to cash out your GoldCo IRA without any penalties when you reach the age of 59 ½.

GoldCo Pricing and Fees

GoldCo charges a flat fee of $250 to set up an account, plus a storage fee of $100 per year. They do not charge any commissions on the Gold that you purchase.

GoldCo also offers a Gold IRA rollover option for those looking to invest in Gold. The fee for this service is $50.

If you decide to invest with GoldCo, they do require a minimum investment of $25,000 to get started – this one reason why the Rollover IRA is often a preferred method.

GoldCo Pros and Cons

Pros:

  • Offers a variety of Gold products, including coins, bars, and rounds
  • Has storage services to help keep Gold safe
  • AAA rating from the Business Consumer Alliance
  • A+ Rating from BBB
  • 4.8 out 5 Rating on Consumer Affairs
  • Fees waived for first year of membership
  • Top-rated customer support
  • Advisors who have your best interest at heart

Cons

  • Requires a minimum investment of $25,000 to get started
  • Only offers Gold IRAs – no other types of accounts

Verified Customer Reviews

There are thousands of verified reviews from real GoldCo customers available online for you to read. As we mentioned, they have extremely high ratings by the Better Business Bureau [1], Consumer Affairs [2], as well as the Business Consumer Alliance [3].

Here are just a few real customer testimonials we wanted to share here:

Robin is excellent and was able to clear articulate the process of purchasing precious metals, they types, and the mix of gold and silver in our portfolio. The steps to open, fund and purchase went seamless. Thank you for this experience!

GoldCo seemed ready to do business with a first-timer like myself. Despite being a small buyer, at no time did GoldCo make me feel any less important than big time precious metals buyers. They treated my like I was a big time buyer. The two GoldCo competitors I called seemed insincere and disinterested as if I was too small an investor for them to deal with.

As a highly motivated buyer I asked a great many questions and Mr. Hubbard did an outstanding job answering them. Additionally, he was instrumental in the expeditious assistance in funding, gaining approvals and in having the Confirmation Department contacting me with important transaction information regarding my buy. I am glad I made the final decision to do business with GoldCo. I look forward to discussing my shipment updates, monitoring my GoldCo investments and transacting future business with GoldCo. Well Done GoldCo Team!

My first contact with Goldco was made extremely easy. Options available to me were clear and concise. Throughout the process, Goldco answered all my questions and provided necessary contacts for follow up should any concerns arise. I am complete satisfied with Goldco and their assistance. Special thanks to Tim ** and Tony ** for making this an enjoyable experience.

I am new to this! I found that the Goldco had employees that are very patient and new their business. Explaining how it works and helping to get information from E-trade that was needed for the switch. I would highly recommend Goldco to everyone I know. Thank you again for the fine service.

This is just a very small sampling of the reviews you can find online – you can find many more verified reviews from TrustPilot, Google, Consumer Affairs and more by visiting the GoldCo website.

GoldCo Alternatives

If you’re looking for an alternative to GoldCo, we’ve compiled a list of some other great options. These include…

Gold IRA Companies:

While GoldCo is our top-rated choice when it comes to Gold IRAs, there are some solid alternatives out there, a few of which we’ve detailed above.

Be sure to read our in-depth reviews for each of these companies to learn more about them and to find out if they may be a better fit for you.

Summary

If you ’re looking for a Gold IRA company that offers a variety of Gold products, has storage services to help keep your Gold safe, and has great customer reviews, GoldCo is a great option.

They have a AAA rating from the Business Consumer Alliance and an A+ rating from BBB.

They also have top-rated customer support and thousands of positive reviews from satisfied customers.

Learn more and get started by signing up for a free 2022 Gold IRA Kit at GoldCo.

Sources

  1. Better Business Bureau 
  2. Consumer Affairs
  3. Business Consumer Alliance

Jonah Ellingson

About the author

Jonah has worked as a professional journalist for more than a decade. He carries a B.A. in broadcast journalism and a Masters in Education from the University of Montana. His primary focus is on gold and silver IRAs, as well as all news and trending topics related to gold and silver investing. When he's not busy researching or writing, he can usually be found on a golf course.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

READ OUR LATEST REVIEWS