… How Do Goldco Compare With Other Gold IRA Companies?

Overview: Goldco state that their mission is to educate Americans about the importance of safeguarding their retirement and to make it as easy as possible for them to use precious metals to protect their retirement portfolios from inflation, stock market volatility and economic uncertainty.

Conclusion: Our findings are that in all areas of their business Goldco are very well set up to achieve these objectives, and that it is evident that they are succeeding. We consider that Goldco have outshone the competition.

Goldco ‘At a Glance’ Analysis:

Goldco Precious Metals Analysis

Websitehttps://goldco.com
Phone No.1-855-465-3472
PERFORMANCE:
BBB Rating
(Scale of A+ to F)
A+
BBB Customer Ratings
4.93/5
BCA Rating
(Scale of AAA+ to F)
AAA
BCA Complaints
(last 3 years)
1 - click here for details
Trustlink Rating
250+ reviews
RETIREMENT FUNDS:
Gold IRAs Offered
(US)
Crypto IRAs Offered
(US)

(via sister company)
Gold RRSPs Offered
(Canada)
RedCross
GENERAL:
Preferred DepositoryDelaware Depository
Preferred CustodianEquity Trust Company
Minimum IRA Investment$25,000
Physical IRA Application
Digital IRA Application
FEES:
Set Up$50 + $30 wire fee
Admin (annually)$80
Storage (annually)Segregated: $159
(recommended)
Non Segregated: $100
TIMESCALES:
IRA Transfer Processwithin 2 business days
401k Rollover Process2 to 4 weeks
Delivery of MetalsIn stock: a few days
New order: 3 to 4 weeks
PEACE OF MIND
US Mint
Listed Dealer
RedCross
ICTA Member
TRUST Pilot
ethics.net
Main PromotionUp to 10% of investment given back in free silver
Other PromotionFirst year fees waived
Visit Website:
Free Gold IRA Guide:

Goldco Review:

Goldco

The Background to Goldco

How Goldco Have Evolved

Goldco, also known as Goldco Precious Metals, was founded by Trevor Gerszt in 2006.

Originally the company was called Goldco Direct. At that time they focused mainly on direct cash deals as opposed to IRAs.

As the company evolved they identified the growing need in the marketplace for a reputable Gold IRA provider.

They responded by taking the step to fill that gap themselves. That was the point at which they changed from being a gold dealer to a being a gold IRA company and in doing so they recognized the need to change their name to something that represented more the service they were providing.

Hence they changed their name, to Heritage Gold Group. That was short lived however because they soon discovered that a company named Heritage Auctions had a trademark on ‘Heritage’. They were forced to change their name again therefore.

They felt that they had outgrown the name Goldco Direct and changed instead to Goldco Precious Metals since they wanted it to reflect what they sold. Ideally at that point they would have preferred to be known as just Goldco but the domain Goldco.com was already taken by a company providing technology and services for Japanese technical translations.

They pursued the Goldco name however and after years of back and forth negotiations they managed to buy the Goldco.com domain and in April 2017 officially become Goldco, a name which they say won’t be changing again. To this day they are still often referred to as Goldco Precious Metals however.

Goldco Today

  • Goldco in 2021 is a company specializing in precious metals IRAs (Gold IRAs and Silver IRAs) and in selling precious metals to non IRA customers. They are based in Woodlands, California.
  • They state that nowadays 80% of their business is in IRAs and 20% is in non IRAs, meaning of course that IRAs are now their main business.

Goldco’s Management

Goldco’s two primary executives are their Founder, Trevor Gerszt and their CEO, Brenda Whitman.

Trevor Gerszt – Founder

Trevor Gerszt

Goldco founder Trevor Gerszt was literally born into gold in South Africa, the world’s second largest gold producing nation. His family had a tradition of gold collecting, which rubbed off on him from an early age. He grew up nurturing a passion for collecting gold numismatic coins and gradually realizing the importance of including this #1 precious metal in an investment portfolio.

It was a natural consequence that Gerszt would want to start his own gold dealing firm, which he did in 2006 when he founded Goldco (then known as Goldco Direct). He has injected into the company his love of the yellow metal, his desire to educate people and his strong belief that gold (and silver) have an important role to play in protecting your retirement savings.

Brenda Whitman – CEO

Brenda Whitman

Brenda Whitman joined the company in May 2015 and has rapidly worked her way up the ladder from Director of IRA Services, to Chief Operations Officer, to CEO where today she fills one of Goldco’s top two leadership positions.

Whitman brings with her a wealth of experience in IRAs and gold dealings. Prior to joining Goldco she spend over 10 years with Capital Gold Group, filling various roles as she moved her way up the company ranks. These included Director of IRA Services, Vice President and taking charge of the company’s National Affiliate Program. In the latter capacity she helped financial professionals to educate their customers on the importance and opportunities to use gold to manage risk and reduce volatility in their retirement investments.

Goldco’s Reputation

Goldco stands out for its impressive growth and national recognition.

  • Ranked in 2015, 2016, 2017 and 2018 by Inc. Magazine on their Inc. 5000 list of the 5000 fastest growing private companies in the country
  • Goldco is endorsed by former Presidential candidate Ron Paul and celebrity martial artist and actor Chuck Norris

Having extensively followed their growth and development we can understand why Goldco have gained a solid reputation for providing excellent customer service and unrivalled educational resources.

Goldco’s Ratings

Goldco have exceptional ratings at independent consumer review sites.

Our findings as of April 2021:

Goldco at Better Business Bureau

  • At the BBB (Better Business Bureau) Goldco are an Accredited Business with the maximum A+ Rating and 4.93 out of 5 Stars based on 96 Customer Reviews

Goldco at Business Consumer Alliance

Goldco at Trustlink

  • At Trustlink Goldco have a 5 Star Rating based on 253 Customer Reviews

Goldco at Trust Pilot

  • At Trust Pilot Goldco have a 4.8 out of 5 Stars Rating based on 599 Customer Reviews

Goldco at Consumer Affairs

  • At Consumer Affairs Goldco have a 4.9 out of 5 Stars Rating based on 392 Customer Reviews

Goldco Reviews at Google

  • At Google Goldco have a 4.7 out of 5 Stars Rating based on 242 Customer Reviews

visit goldco

Goldco’s Ratings Comparison

In the table below we have compared Goldco’s ratings at independent review sites with the ratings of other leading Gold IRA Companies we have reviewed

 

Gold IRA Company

 

BBB

 

BCA

 

Trustlink

 

Trustpilot

 

Consumer Affairs

 

Google Reviews

Goldco A+ AAA 5 out of 5 Stars 4.6 out of 5 Stars 4.9 out of 5 Stars 4.7 out of 5 Stars
Advantage Gold A+ AA 5 out of 5 Stars 5 out of 5 Stars 5 out of 5 Stars 5 out of 5 Stars
BGASC A+ Not Listed Not Listed 4.8 out of 5 Stars Not Listed No Reviews
Birch Gold Group A+ AAA 5 out of 5 Stars 4.8 out of 5 Stars 4.9 out of 5 Stars 4.9 out of 5 Stars
Blanchard & Company A+ BBB 1 out of 5 Stars Not Listed Not Listed No Reviews
Gainesville Coins A+ Not Listed Not Listed 3.6 out of 5 Stars Not Listed 3.4 out of 5 Stars
Goldline A+ A 2.5 out of 5 Stars 4.8 out of 5 Stars Not Listed 1.7 out of 5 Stars
Lear Capital A+ AAA 4.5 out of 5 Stars 4.8 out of 5 Stars 4.8 out of 5 Stars No Reviews
Regal Assets Not Accredited AAA 4.5 out of 5 Stars 3.8 out of 5 Stars Not Listed No Reviews
Rosland Capital A+ AAA 3.5 out of 5 Stars 4.8 out of 5 Stars Not Listed 4.8 out of 5 Stars

Goldco Reviews and Complaints

Positive Goldco Reviews

The vast majority of the Goldco Reviews we found (and there are many) are positive. We discovered that customers seem to particularly like:

  • The way Goldco handles all the paperwork involved in setting up a new Gold IRA and does all the liaisons with the custodian and depository on the customer’s behalf
  • The way the Goldco representatives take time to discuss and evaluate each customer’s circumstances, needs and retirement goals before recommending which metals to include in their new IRA
  • Goldco’s customer service, the professionalism of their staff and the ease of doing business with them

Negative Goldco Reviews

Naturally, when you have been in business the number of years that Goldco have you cannot satisfy every customer.

During our research we noted that the majority of the few negative reviews we found are connected with the misunderstanding of how the values of precious metals are calculated, particularly in the case of collectible coins. In some of these instances we noticed that the negative comments have been updated to positive ones after Goldco have explained to the customer how initially the listed value of these coins is the melt value (i.e. how much the melted coin would be worth) whereas the coin value is separate to the metal value.

Below are screenshots of some of the Goldco reviews we found at well respected independent business review sites

goldco reviews

Services Offered by Goldco

Gold/Precious Metals IRAs

Goldco will help you set up a Gold or Silver IRA or a combination of both, liaise with their preferred Custodian, Equity Trust Company on your behalf, help you identify which precious metals are right for you, assist you with the purchase of your IRS approved metals and arrange storage of them at an approved depository, thus ensuring that you are fully compliant with IRS regulations.

Cash Sales of Precious Metals

Goldco will help you identify which precious metals are right for you, assist you with the purchase of them at competitive prices and arrange secure and insured delivery to your choice of either a secure vault or your home. Delivery and storage is free of charge. Sales are limited to the United States. There are no international sales available.

Cryptocurrency IRAs

In conjunction with their sister company, CoinIRA, Goldco will help you identify which digital currencies are right for you and to set up a Crypto IRA if you wish to use that as a means to invest in cryptocurrencies. Unlike Regal Assets they don’t offer the option to combine precious metals and cryptocurrencies in the same IRA.

In addition to their core services referred to above Goldco will assist you with:

401k Rollovers

    • they will help you rollover your existing IRA into a Precious Metals IRA

Procedures For Simple IRAs

    • they will guide you on opening a Simple IRA and explain the rules and procedures for gold and/or silver Simple IRAs

Procedures For Sep IRAs

    • they will provide you with assistance and education about matters such as contribution limits and eligibility for SEP IRAs

Procedures For Roth and Traditional IRAs

    • they will provide guidance and education for comparing Traditional and Roth IRAs and assist you with rolling them over into a Precious Metals IRA

What Is a Gold IRA?

  • A Gold IRA (also known as a Precious Metals IRA) is a Self Directed IRA account which allows you to diversify your retirement investments by including physical precious metals (gold, silver, platinum and palladium) just as you would include, for example, stocks or bonds in a conventional IRA.
  • You can rollover or transfer an existing retirement account into a Gold IRA and continue making permissible annual contributions.

Why Choose a Gold IRA?

  • By having a retirement account that includes precious metals you are protecting your investment portfolio against inflation and market volatility or crashes that could cause havoc with your hard earned savings.
  • Gold has a reputation as being a ‘hedge’ because when markets fall and inflation rises gold tends to go up in value. Therefore, by including gold or silver as a percentage of your investments you are balancing out your portfolio and reducing risks.

Gold QuotePhysical metals should not be looked at as an investment. You want to look at them just as you look at your home owner’s insurance, health insurance and auto insurance. Precious metals are your financial insurance

– Blake Skadron, Sales Director, Goldco

Goldco Evaluation: What Makes Them Unique?

what makes goldco unique

As part of our research we set out to discover what Goldco are doing differently to their competititors. This is what we discovered:

  • They have one of the best overall ratings in the industry (this is more difficult to maintain the longer you’ve been in business, and Goldco have been in business for 14 years)
  • They have specialists in every different aspect of their business (not jack of all trades like some companies)
  • They offer what they refer to as their ‘white glove service’ for IRAs. This encompasses expert assistance from beginning to end, a streamlined process with customers’ hands held every step of the way, knowledgeable, experienced reps, and strategic business relationships with the most reliable and experienced custodians and depositories
  • Their staff are trained to discuss and evaluate your individual circumstances before recommending which metals to include in your Gold IRA. The purpose is to create the most suitable portfolio of precious metal assets, based on your capital, needs and retirement goals.
  • For cash sales they include free, prompt delivery and free storage
  • They offer Competitive pricing across the board with no ‘pushy’ sales people
  • Special Promotions for new IRA customers:

    – Goldco give 5-10% back in FREE silver (5% on $50k-$100k sales, 10% on sales of $100k+ with no maximum)

    – They waive all your first year fees if you invest more than $50k

    What this means to your pocket: If you were to open a new Gold IRA account with $50,000, as an example, you would save $320 in fees and receive $2,500 worth of free silver. If you were to invest more, the savings you would make and the free silver you would receive would be correspondingly more as well.

    We found this to be the most generous promotion in the industry

  • Goldco have a dedicated department for their Buy Back Program in which they offer their customers who wish to liquidate their metals very competitive prices and a very streamlined process
  • They offer extensive educational resources. These include a blog, ebooks, videos and live price trackers, all backed up by customer support

visit goldco

The Gold IRA Transfer/Rollover Process With Goldco

The step by step process from your initial contact with a Goldco representative to your metals arriving at the depository is very straightforward and Goldco will hold your hand throughout the entire process.

We noticed that many customers mentioned in their reviews that they particularly liked how Goldco handled all the paperwork and liaising with third parties on their behalf throughout this process.

Step 1

You speak to a rep and once you decide to proceed you will either speak to an IRA Specialist there and then or arrange a phone appointment with one for another time. The Specialist will gather the required information for completing the application to establish your account and for transferring your funds

Step 2

Once the funds have arrived into your account your Account Executive will help you choose, in line with your personal circumstances, the best metals to be purchased and held in your new IRA

Step 3

Your metals will arrive at your chosen depository for secure storage a few days later if the metals are held in Goldco’s existing inventory, or within 3 to 4 weeks if an order has to be made

Notes

  • As per standard practice when opening financial accounts you will be required to provide personal information such as your social security number.
  • If you do not already have a precious metals custodian or preferred depository Goldco will help you to set up accounts with their recommended strategic partners.
  • To initiate the process Goldco will mail or email to you a comprehensive investment guide which will include information about the precious metals options for Gold IRAs. This will help you decide which precious metals to include in your new IRA.

Goldco’s Fees Compared

In the table below we have compared the amounts and type of Goldco’s fees with those of other leading Gold IRA Companies

Gold IRA Company Set Up Fees  

Admin Fees (annually)

 

Storage Fees (annually)

 

*Fee Type

Goldco $50 + $30 wire fee $80 $150 for segregated
$100 for non-segregated
Flat
Advantage Gold $295 $175 $100 Flat
BGASC Not divulged Not divulged Not divulged Not divulged
Birch Gold Group $90 Not divulged $160 Flat
Blanchard & Company $25 $60-$250 (scaled) $100 (scaled) Scaled
Gainesville Coins $25+ (scaled) $60+ (scaled) $100+ (scaled) Scaled
Goldline $125 $60-$250 (scaled) $100 (scaled) Scaled
Lear Capital $275 $100 $150 Flat
Regal Assets $0 $80 $110 Flat
Rosland Capital $50 £225 Not divulged Flat

*Fee Type explained

Flat fees are always the same amount irrespective of the value of your retirement fund. Scaled fees are calculated as a percentage of your fund and therefore increase as your fund grows. Flat fees are the preferred option for most investors as they nearly always work out less over time.

Goldco Analysis: FAQ

Based on some of the pertinent information we discovered when researching into Goldco, particularly the most common topics discussed by their customers, we have compiled the following Q & A:

FAQ

  • Is there a minimum investment level for a Goldco Precious Metals IRA?

    Yes, $25,000

  • What Precious Metals do Goldco provide?

    Gold and silver. They do not provide platinum or palladium

  • Can I add precious metals that I already own to a Goldco IRA?

    No, the precious metals included in a Goldco Precious Metals IRA have to be purchased through Goldco

  • Do Goldco provide their own custodian and storage services?

    No, but they will help customers to set up such services through their recommended strategic partners with whom who they have strong working relationships

  • Do I have to use Goldco’s recommended custodian and depository or can I choose my own?

    You have the option to choose your own

  • What types of retirement accounts can I rollover into a Goldco Precious Metals IRA?

    401k
    403b
    Roth 401k
    Roth 457b
    Traditional IRA
    Roth IRA
    SEP IRA
    SIMPLE IRA

  • What types of gold can I include in a Goldco Gold IRA?

    American Eagle
    American Eagle Proof
    Australian Saltwater Crocodile
    Buffalo
    Gold bars
    Lucky Dragon
    Maple Leaf
    Royal Mint Gold Lunar Series coins

  • What types of silver can I include in a Goldco Silver IRA?

    American Eagle
    American Eagle Proof
    Australian Saltwater Crocodile
    Bald Eagle
    Lucky Dragon
    Maple Leaf
    Silver bars
    Royal Mint Silver Britannia Lunar Series coins
    Silver World War I
    Silver World War II Victory

  • How long does the process take to open a Goldco Precious Metals IRA?

    2 to 3 weeks on average

  • How long does it take to rollover a Traditional IRA into a Goldco Precious Metals IRA?

    Usually approximately 2 weeks, but Goldco do stress that it is very much case by case

  • Do Goldco sell precious metals without a Gold IRA?

    Yes, they will sell you gold and silver and deliver it to your nominated destination

  • Is it true that Goldco give new IRA customers free silver?

    Yes. As a Special Promotion they give customers who open a new IRA 5-10% back in FREE silver (5% on $50k-$100k investments, 10% on investments of $100k+ with no maximum)

  • Will Goldco buy back my metals when I want to liquidate?

    Yes, in fact Goldco urge their customers to give them first refusal as they have a dedicated Buy Back Program and Department. Many customers have reported that their prices are reasonable and competitive

Goldco Reviewed: Pros and Cons

Goldco Pros

Goldco Cons

Well Established Industry Leader With Solid Reputation and Strong Ratings

No Custodian and Storage Services (However They Will Help Customers Set Up Such Services Through Their Recommended Partners)

1000+ Positive Customer Reviews

You Can’t Add Gold or Silver You Already Own to Your Goldco IRA

Renown For Exceptional Customer Service

Gold and Silver Only – No Platinum or Palladium

Specialist Staff In Every Area

Combined Gold/Crypto IRA Not Offered

Streamlined, Quick and Easy Gold IRA Process – All The Paperwork is Completed For You

No International Sales – U.S Only

Experts Evaluate Your Circumstances, Objectives and Retirement Goals Before Recommending Which Precious To Include

Competitive Pricing

Low (Flat) Annual Fees

Competitive Buy Back Program

First Class Educational Resources

Up To 10% In Free Silver For New IRA Customers

Goldco Analyzed: Who Are They Best Suited For?

Goldco’s precious metals IRAs offer a tax-advantaged investment vehicle for investors who wish to save for retirement, in the same way that traditional and Roth IRAs do.

We consider that Goldco are a good fit for those who:

  • wish to invest in precious metals, either within or outside of an IRA
  • are concerned about economic uncertainties, market volatility, the government printing more and more money, rising inflation, the ever increasing National Debt, devaluation of the US dollar… and they wish to protect their wealth from any or all of these
  • are nearing retirement age and don’t want to spend their twilight years forever fearful of financial crises which could cause their pot to run dry

Goldco Compared: Should You Choose Them?

Your retirement investment portfolio, including IRAs, is there to keep you going for many years after you stop working and therefore changes to these should always be carefully thought through. Mistakes could be very costly.

Goldco has a wealth of experience in precious metals, precious metals IRAs, retirement planning and IRS regulations. This experience enables them to help investors make informed decisions when it comes to planning for their retirement.

If you are considering including precious metals in your retirement portfolio there are many Gold IRA Companies to choose from.

Having compared them with other leading Gold IRA Companies we consider that Goldco have outshone the competition.

They tick all the boxes when it comes to their reputation, ratings, customer service and the amount of happy customers that they have.

Whether you want to safeguard your retirement investments with a Gold IRA or invest in precious metals directly, based on extensive research our conclusion is that Goldco are the ‘Go To‘ Company.

visit goldco

How To Speak With a Goldco Representative

  • The best way to speak with a Goldco representative is to complete this very short form on their website to request their FREE GOLD IRA GUIDE. The form simply requests your name, email and phone number.
  • Once you complete the form one of Goldco’s friendly Gold IRA and Retirement Planning experts will call you to check your mailing address for the Guide and to answer any questions that you might have. Make sure that you leave the best ‘phone number for them to reach you on therefore.

If you complete the form outside of business hours Monday thru Friday or at weekends they will contact you the next working day.

Tip: We realized that it’s a good idea to jot down your initial questions in readiness so that you don’t forget any of them when the Goldco representative calls you.

Inside your Free Gold IRA Guide you will learn:

  • How to grab control of your Retirement by breaking free from the restrictions and limitations of traditional retirement accounts
  • How to diversify your retirement account to give you protection against major market collapses and financial crashes
  • How to take advantage of a secret IRS loophole to do all of this tax free and without penalties, 100% legitimately

Your Free Gold IRA Guide Package will include:

  • a physical guide
  • a video guide
  • an audiobook
  • a silver coin

Reviewed by: Doug Young

 

Jump To