Goldco Review: Best Precious Metals Company?9 min read

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Founded in 2006, Goldco is a California based precious metals dealer that specializes in gold and silver IRAs. The company has completed billions in transactions with thousands of customers through their almost two decades of doing business.

In this Goldco review, we’ll take a close look at the company’s background, products and services, IRA fees, and online reputation across the major consumer watchdog organizations.

Executive Summary:

Goldco is a leader in precious metal IRA investments. The company has earned an A+ rating with the Better Business Bureau, Triple A rating with the Business Consumer Alliance, and earned hundreds of 5-star reviews between Trustlink, Consumer Affairs, and TrustPilot.

GoldIRASecrets.com has ranked them #1 overall for precious metal IRA companies in 2023, and Investopedia has Goldco at the top of their list as “best for customer support.”

After reviewing the company, Goldco is not at the top of our list for 2023. We’ve given this spot to Augusta Precious Metals. You can learn more about Augusta Precious Metals on our full review here, or by visiting their website directly.

Continue reading below if you’d prefer to finish reading our full Goldco review.

Goldco offers a wide selection of IRA-eligible bullion products at low markup and low annual IRA fees. Goldco can have your gold IRA up and funded in under a week. 

The company provides fully insured shipment of your metals to the IRS-approved storage depository of your choice. If (or when) you’re ready to sell, Goldco offers a fair price through their gold buyback program. 

The gold dealer has streamlined the entire process making opening your gold IRA easy and painless. We’ve ranked Goldco at the top of our list of best precious metal IRA companies.

Visit Goldco’s website to learn more.

Goldco’s Products and Services

If you’re interested in buying bullion or premium coins for your home collection, Goldco has no problem serving you as a customer. A large portion of the company’s business is in cash sales. 

Goldco can sell and ship your metals anywhere in the United States. But the bulk of their customers turn to Goldco for their expertise with gold IRAs.

If you visit the company’s website, you’ll see that it’s almost entirely focused on facilitating gold or silver IRA accounts

Gold IRA Transfers or Rollovers

The typical precious metals IRA customer has money tied up in a 401(k), 403(b), Thrift Savings Plan (TSP), or other retirement savings account. Americans call a company like Goldco in order to move or convert some of these retirement funds into a physical precious metals IRA.

Why a gold IRA? Customers want to move a percentage of their money outside of the stock market and into silver and gold coins or bars. 

Most importantly, they want to buy their physical precious metals without any tax-consequences. The Taxpayer Relief Act of 1997 relaxed restrictions on the type of investments Americans can buy with their IRA. 

Often referred to as a ‘tax loophole’ by gold dealers, Americans can fairly easily move retirement savings into a tax-free gold IRA, so long as they follow IRS guidelines.

For some, the process is complicated and may seem daunting. Goldco literally holds your hand through the entire gold IRA rollover process and can get your gold IRA up and running in less than a week! Most importantly, they’ll ensure all is done in compliance with IRS guidelines.

What can you hold in your gold IRA?

Gold IRA Eligible Coins, Rounds, and Bars

It’s important to understand that not all precious metals are allowed in an IRA. The IRS has very specific guidelines as to the requirements for IRA-eligible bullion coins, rounds, and bars. 

If you’re interested in specific numismatic, collector, or rare coins, Goldco can source them for you ship them to your home without issue… They just won’t allow you to include them in your IRA.  

Below is a short list of gold IRA eligible coins and bars you can hold in your account:

• Gold American Eagles (bullion or proofs)
• Silver American Eagles (bullion or proofs)
• Platinum American Eagles
• Gold Buffalos
• Gold Maple Leafs
• Silver Maple Leafs
• Platinum Maple Leafs
• Palladium Maple Leafs
• Gold American Bald Eagles
• Silver American Bald Eagles
• Gold Australian Striped Marlins
• Silver Australian Striped Marlins
• Gold Liberty coins
• Silver Liberty coins
• Silver Australian Spotted Eagle Rays
• Gold Australian Sea Turtles
• Silver Australian Sea Turtles
• Various Gold & Silver Bars 

Some gold IRA companies only focus on the most popular silver and gold investments. Goldco works with all of the major government and private Mints and can source all of the most popular bars and coins as well as some of the more obscure options. 

Note: Don’t know what to buy? Don’t worry. With Goldco, you’ll work directly with an account executive that can answer your questions and help you pick the best IRA eligible bars and coins for your account!

The precious metals company will stand by your side, not just when you buy gold or silver coins and bars, but also if you ever need or decide to sell. 

Request more information from Goldco’s website.

Goldco’s Gold Buyback Program

Goldco offers a competitive buyback program for your metals. When it’s time to sell your metals, you will not:

• Have to look for a buyer on your own
• Worry about getting a low offer for your metals

If you plan on liquidating your account or taking a distribution, you can rest easy knowing that Goldco is willing to buy back your metals at a reasonable price. When comparing gold or silver IRA dealers, ask about (and compare) their buyback programs. For many, this service is a big selling point to work with Goldco. 

Goldco Complaints, Reviews, and Reputation

A Goldco review would be incomplete without digging into the company’s complaints. Below, we’ve curated the company’s ratings across the major consumer watchdog sites:

• A+ with the Better Business Bureau 
• AAA rating with the Business Consumer Alliance
• 5-Star rating on TrustLink (based on 250+ reviews)
• 4.8/5-Star rating on TrustPilot (based on 1,000+ reviews)
• 4.9/5 Star rating on Google Reviews (based on 1,300+ reviews)
• 4.8/5-Star rating on Consumer Reports (based on 1,200+ reviews)
• Rated “Best for Online Reviews” by IncomeInsider.org
• INC 5000 list “Fastest growing company” for both 2015 and 2016
• Awarded “Best for Customer Support” by Investopedia.com

Goldco has been featured in mainstream financial publications such as Forbes, Money, Fox News, NewsMax, and more. 

CEO Trevor Gerszt sits on the Los Angeles BBB Board of Directors, and the firm has been endorsed by Sean Hannity, Chuck Norris, and other celebrities and prominent conservative figures. 

In fact, if you consume right-leaning news, there’s a good chance you’ve seen Goldco and their services prominently advertised and recommended by multiple reputable news media outlets.

Goldco is one of the largest, most recognized, and highly rated gold IRA companies in the U.S.

Goldco Complaints

A look at Goldco’s Better Business Bureau listing, you’ll see the company has a 4.83/5 average rating based on 459 customer reviews. While almost overwhelmingly positive, you’ll find the firm has had seven complaints filed against them in the last twelve months. 

It’s important to note that Goldco has responded to each complaint, and the company profile shows a 100% response rate in addressing and resolving any customer issues. In our Goldco review, we’re very pleased with the company’s overall reputation. 

Research the company for yourself and you’ll find the company is highly rated and considered a leader in the precious metals IRA industry.  

Goldco Gold IRA Fees

If you google “Goldco gold IRA fees,” you’ll find different websites with conflicting information. To ensure the best information, we e reached out to Goldco directly and received this as a response:

The required minimum purchase at Goldco to start a gold IRA is $25,000. 

Goldco’s preferred Custodian charges a flat annual account service fee which includes a one-time IRA account set-up fee of $50, as well as a $30 wire fee. Annual maintenance is $100, and storage is $150 for segregated vault storage or $100 for non-segregated vault storage.

Fees for gold storage and custodianship can vary depending on the company you select to handle these services (required by the IRS, as all IRA assets must be managed by a custodian). 

Depending on the Custodian, storage fees can range from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1% annually. Goldco does not charge any storage fees for cash transactions over $25,000.

Ready to get started? Visit Goldco’s website and request your free gold IRA kit.

Goldco Pros and Cons

What do we like about Goldco?

• Highly rated with the BBB, BCA, Trustlink, Consumer Reports, and TrustPilot
• In business for more than a decade
• Large selection of gold, silver, platinum, and palladium products
• Streamlined gold IRA process 
• All IRA fees covered your first year
• Low annual IRA fees
• Competitive pricing on metals
• Competitive buyback program

There are so many gold IRA companies doing business in the U.S. that there is no need to risk working with a poorly rated gold company. Goldco checks all the right boxes when it comes to reputation and online reviews.

As inflation looms and recession fears grow, more Americans are buying gold and silver. Along with growing customer demand, we’re seeing new gold companies pop up all over the internet. 

We like the fact that Goldco has been in business for more than a decade. They’re not a ‘here today, gone tomorrow” company. If you have questions about your account, or want to sell some of your gold or silver coins in ten years, Goldco will still be around.

What do we not like about Goldco?

• $25,000 required minimum purchase for gold IRA customers
• Product pricing not listed on their website (this is typical of most gold IRA companies)

Goldco’s $25,000 minimum is lower than some of their competitors, but this threshold still may turn some Americans away from working with the company. If your total purchase amount meets or exceeds Goldco’s minimum, you should consider them for your IRA. If not, you may need to find an alternative.

Goldco Alternatives – Best Gold IRA Companies

Goldco is a highly rated precious metals IRA company that specializes in gold and silver IRAs, but it never hurts to compare a few companies before investing. What are some other highly rated gold and silver dealers?

• American Hartford Group: Bill O’Reilly’s favorite gold IRA company is also highly rated across the major consumer watchdog websites. The firm boasts low IRA fees, competitive pricing, and a $10,000 account minimum for your precious metals IRA.
  
• Augusta Precious Metals: Another highly rated gold IRA company, Augusta offers each customer a free one-on-one web conference designed by their Harvard trained analyst.
  
  This is a unique presentation and opportunity to ask any and all questions you may have about the economy or the gold buying process. Augusta has a required account minimum of $50,000.
  
• Birch Gold Group: In business since 2003, Birch Gold Group is endorsed by Ben Shapiro, Ron Paul, and other prominent figures.
  
  The company is highly rated with the BBB, BCA, and Trustlink, and Birch Gold Group has a low minimum investment of $10,000.
  
• Silver Gold Bull: With offices in the U.S. and Canada, Silver Gold Bull is one of the largest online gold retailers in the world. The company has almost 300,000 online 5-star reviews and no account minimums for your gold or silver IRA.

Goldco prides itself with top customer service and competitive pricing, but it never hurts to compare them with two or three competitors before investing your hard-earned money. 

Goldco Reviews

In a crowded precious metals market, there are plenty of retailers ready to help you buy IRA approved gold and silver with your existing retirement account. In our Goldco review, we rate the precious metals broker at the top of our list of gold IRA companies for 2023 

As an industry leader in precious metals IRA investing, Goldco is a 5-star rated company with thousands of happy customers. The firm has top ratings with both watchdog organizations and finance related web publications. 

The company has low fees and excellent pricing on their bullion coins, rounds, and bars. Goldco offers a competitive gold buyback program, and will cover all IRA fees for your first year.

You can’t go wrong with Goldco.

Contact Goldco today to request your Gold IRA Rollover guide for 2023.

Precious Metals IRA FAQS

What is a precious metals IRA?

A precious metals IRA (individual retirement account) is a type of retirement account that allows you to invest in physical gold, silver, platinum, and palladium, rather than traditional paper assets like stocks, index funds, and bonds. 

These types of accounts are self-directed, and require a custodian to administer the account. The physical gold and silver must also be held in a third-party vault depository. Most investors store their metals via private, non-bank vault depositories such as Brinks or Delaware Depository.

Can I use my existing retirement account to buy gold and silver? 

Yes. You can transfer or roll over a portion of your 401(k), 403(b), TSP, or IRA into physical gold and silver. This is not treated as a distribution. You avoid all taxes and penalties because funds are moving from your old IRA custodian to your new self-directed IRA. 

Your Goldco precious metals account rep can review your current retirement plan and explain your options. One of the main benefits of a gold IRA rollover is maintaining the tax-deferred status of your investments. 

Should I invest in gold, silver, or other precious metals?

Your Goldco account rep can help review your options in selecting appropriate precious metals investments. Some customers stick with the most common gold and silver bullion. Others are interested in platinum and palladium.  

Refer to our list above for some of the usual investments eligible for your gold or silver IRA. A few examples include gold IRA approved coins like the gold and silver Canadian Maple Leafs or gold and silver American Eagle coins. 

Most importantly, your precious metal IRA accounts expert will work with you in selecting metals. He or she will ensure that you select precious metals that are eligible for gold IRAs. Buy the wrong coins and risk disqualification of your IRA, resulting in hefty taxes and penalties.

Is a Goldco precious metals IRA safe?

When you open a precious metals IRA with Goldco, you have a team of precious metals experts holding your hand through the entire gold IRA process. Goldco opens new accounts every day and the company will ensure that you:

• work with a trusted IRA custodian
• select IRS-approved coins, rounds, and bars
• have your metals shipped (fully insured) to your depository of choice
• store your precious metals in a non-bank, private, and fully insured depository

Storage partners such as Brinks, IDS, or Delaware Depository offer state of the art safety of your metals. If that wasn’t enough, Delaware Depository also maintains $1 billion in  all-risk insurance of your precious metals through Lloyds of London.

While some people like the idea of storing gold in their home safe or under a mattress, you will not find better security than with one of Goldco’s storage partners.

For more information about Goldco, request your gold IRA kit online today.