GoldCo is one of the leading companies in the gold and precious metals IRA market. It was created to help users protect their retirement savings by rolling over IRAs, 401(k), and 403(b) among other retirement accounts to gold IRAs.
Some of the most popular questions that people ask about this company include whether it lives up to the hype, and how it compares to other leading gold IRA companies among other vital things that its users should know. Here is a reliable review of GoldCo.
What Is GoldCo?
GoldCo is an IRA company based in Woodland Hills, California. Founded in 2007, it specializes in gold and other precious metals. It allows users to purchase precious metals such as gold and silver and roll them over to their retirement accounts. The goal is to encourage them to roll over their existing retirement accounts into a gold IRA account – transferring some or all their retirement savings into gold.
By standards, GoldCo is an A+ rated company on BBB and AAA among other reputable customer rating companies. It boasts of thousands of 5-star online reviews, Sean Hannity, and media personality public endorsements among other aspects of its solid reputation.
GoldCo offers a free kit just like its competitors. By requesting a free online kit, you can access the information you need and learn about how the gold IRA works.
How GoldCo’s Gold IRAs Work
GoldCo aims at providing an exemplary gold IRA, stronger than the U.S. dollar. The latter has lost about 98% of its purchasing power since 1971. On the contrary, gold’s purchasing power has remained stable over the years, which explains why holding your gold in an IRA is the best decision for anyone that believes in the metal. GoldCo.com perceives the latter as the secret to outperforming the Dow Jones and the S&P 500 as shown by the latest trends.
Signing up with GoldCo gold IRA involves three simple steps as follows:
Opening a gold IRA account: This requires you to sign up the agreement to secure your purchases and sign GoldCo’s terms and conditions of doing business with them. A company’s representative is allocated to walk you through the process making it easier and more convenient.
Funding your account: Having a self-directed gold IRA account isn’t enough – you should deposit some funds to make it active and operational. All gold IRAs are self-directed – allow you to hold assets that are not bonds, stocks, or other traditional assets. Funding your GoldCo account involves rolling over assets from your existing retirement accounts to the 401(k), 403(b), savings, TSP or IRAs – doing you allows you tax exemption on your savings.
Buying gold and other precious metals: With adequate funds in your account, you can choose which metals to trade in (buy). These metals include gold coins and bullion among other metals and assets.
GoldCo IRA Approved Gold Products
Numerous gold IRA companies are offering a range of gold products for their clients. GoldCo offers several approved gold IRA coins that you can select from with a minimum fineness of 0.995 according to the regulations. The company works with mints across the world to maintain the required fineness levels including Canada, the U.S., and Australia. Some certified products available at GoldCo include:
Gold American Eagle Type 1: It is the official gold bullion in America made of 22 karat gold and was first minted in 1986 and issued by the U.S. Mint. You can buy the coins in 0.1 oz, 0.25 oz, 0.5 oz, or 1 oz.
Gold American Eagle Type 2: It comprises a 22-karat gold, similar to Type 1 but the images between the two are different.
Gold American Eagle Proof: These coins are made from 1 oz of 22 karat gold and are IRA eligible. They come in four sizes 1 oz, 0.5 oz, 0.25 oz, and 0.1 oz.
Gold Liberty Coin: These coins are produced by the New Zealand Mint. They boast of a Queen Elizabeth II effigy on one side and Liberty Bell in Philadelphia on the other. They have a face value of $25.
Gold Australian Striped Marlin: They are produced by the Perth Mint of Australia and comprise 99.9% gold. They are issued as legal tender.
Gold Maple Leaf: It is produced by the Royal Canadian Mint and was first minted in 1979. The 2021 Gold Maple Leaf bullion coin was made from 0.9999 pure gold.
American Gold Buffalo: The 2021 American Gold Buffalo coin is the first U.S. Mint 24 karat gold bullion coin. It is manufactured by the U.S. Mint from 0.9999 pure gold.
Gold American Bald Eagle: It is made by the Perth Mint of Australia from 0.25 oz of 0.9999 pure gold. It features a bald eagle on one side and Queen Elizabeth II.
Gold Military Guinea: It is made from 0.25 oz of 0.9999 pure gold and is struck by the East India Company. It pays homage to a gold coin that was once accepted globally.
Gold Freedom Coin: The 2021 Gold Freedom Coin was made by the New Zealand Mint in commemoration of the 135th anniversary of the dedication of the Statue of Liberty.
Gold Freedom and Hope: The 2021 coin was made by the Royal Dutch Mint from 0.25 oz of 0.9999 pure gold in recognition of the 245th anniversary of the Declaration of Independence.
Gold Lucky Dragon: It was made by the Royal Canadian Mint from 0.25 oz of 0.9999 pure gold and symbolizes good fortune and prestige.
Gold Australia Saltwater Crocodile: It was minted by the Perth Mint from 0.25 oz of 0.9999 pure gold, is recognized as the Australian saltwater crocodile, and issued as legal tender.
Gold British Lunar Series: It was struck by the Royal Mint from 0.25 oz of 0.9999 pure gold. It is based on the Chinese zodiac and features a new animal every year.
Gold bars: GoldCo offers a range of IRA-approved gold bars with a fineness of 0.9999.
Other GoldCo Products
GoldCo also offers a range of other products in addition to the above. These products include IRA and non-IRA certified gold and silver assets as follows:
The silver coins available at GoldCo are similar to the gold coins discussed above. The Type 1 and Type 2 Silver American Eagle, for instance, are made from 1 0z 0f 0.9999 pure silver while there are many other silver coins minted from Australia, Canada, New Zealand and the U.K.
GoldCo silver bars boast 0.9999 fineness.
Chuck Norris “Five Principles”
GoldCo offers a unique product known as Chuck Norris “Five Principles” which is non-IRA eligible and made from 1 oz of silver. It was struck by the New Zealand Mint – the front is engraved with Chuck Norris’ five principles for life – family, freedom, faith, fight, and fitness.
Overall, GoldCo only specializes in gold and silver products, making it available for people interested in palladium and platinum products. The company also offers the highest price buyback program on every product available – a money payback guarantee for your coins at the highest possible price in case you change your mind or would like to adjust your gold IRA holdings.
GoldCo Pricing and Fees
GoldCo has a costlier minimum investment requirement compared to its competitors dealing with gold and silver IRA services. However, it is one of the most transparent with its fees and waivers the first-year fees for new clients. The fees structure is as follows:
- Annual Fees: $180 per year + storage fees
- Minimum Investment Requirement: $25,000
Special Bonuses: First-year fees waived for new clients and 10% back in silver coins for new clients
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GoldCo Pros and Cons
GoldCo’s suitability depends on your needs and requirements. Below are some of the pros and cons of signing up with the company.
- Incredible bonuses for new users including huge discounts on the first-year fees and 10% back on silver coins.
- Subjective advisors
- Beginner friendliness
- Incredible price payback program – the highest
- A wide range of gold and silver bars and coins including the IRA-certified options from across the world
- Strong online customer ratings and reviews, customer service levels and overall setup experience.
- Highest minimum investment requirement of $25000, which may be unaffordable to some people
- No platinum and palladium coins
- Limited transparency with account fees
GoldCo Reviews: What Do Customers Say?
GoldCo boasts of some of the strongest online reviews including:
- BBB — A+ rating
- Trustpilot — 4.8 out of 5-star rating
- Google reviewers — 4.7 out of 5-star rating
Most users were satisfied with the company, especially the customer service team and salespeople who were professional and valuable throughout the process while giving them space and freedom to make independent decisions.
Users also found GoldCo’s rollover process from 401(k) to a gold IRA easy and convenient. The GoldCo salespeople made the sign-up process with the company easy according to most users.
Other users complained about GoldCo’s confusing fees, uncertainty of gold, and silver storage locations among other challenges with the company’s setup and maintenance procedures. Other customers found the company’s multiple calls during the day annoying – the company salespeople trying to sell their gold and silver metals IRAs. Some users found the minimum investment requirement of $25000 unreasonably high while GoldCo’s competitors were charging an initial investment of $5000.
Overall, GoldCo has thousands of positive reviews from online users who had an amazing experience with the company. According to these reviews, the company’s quality of services and customer service levels are the same as advertised including the seamless account setup process.
GoldCo is a gold IRA company based in Woodland, California, created in 2006 to provide outstanding gold IRA services. The company has worked with numerous notable personalities such as Ron Paul and Sean Hannity to enhance your gold IRA experience.
- Email: email@example.com
- Email Form: https://goldco.com/contact-us/
- Phone: 855-483-1718
- Mailing Address: 21215 Burbank Blvd, Suite 600, Woodland Hills, CA 91367
Besides its highest rating at BBB (A+), GoldCo also boasts of the Financial Company Year Award (2021) by the American Business Awards.
GoldCo is a top-rated gold IRA company with a proven record of accomplishment of quality services over the 15+ years it has been in existence. Signing up with the company allows you to transfer part of your retirement savings into gold, silver, and other precious metals. Visit the official website at GoldCo.com to learn more about the company and how it works >>>
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