Physical precious metals such as gold, Silver, and platinum have been around for centuries and are considered safe investments because they are not subject to market volatility. Gold and Silver are especially popular among investors because they are globally accepted currencies. Precious metals can be stored in physical form or in an investment vehicle such as a mutual fund or ETF.
Precious metals are an excellent way to invest in your retirement investment portfolio. They offer stability and a high degree of safety, which makes them a good choice for long-term investments. But how to invest in them? Is there any trustable investment portfolio?
Yes, there is!
Goldco offers brokerage assistance for fine metals-funded IRAs and helps in the conversion of traditional retirement accounts to precious metals IRAs. Clients can also sell the metals on the metals market or buy them back when they begin to withdraw funds from their IRA.
Is GoldCo worth the hype? What makes it different from other gold IRA investment companies? GoldCo has many positive aspects and a few negative aspects as well. Continue reading our GoldCo review to find out the answers.
Let us start with the basic facts and details about GoldCo:
| Important Information About GoldCo | |
|---|---|
| Main Features: |
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| Type Of Metals Available: | Gold, Silver, platinum, and palladium |
| Available Bullion products: | Bars, Coins, Ingots, and other common as well as premium bullion products |
| GoldCo Services: |
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| Better Business Bureau (BBB) Ratings: | A+ |
| Eligible IRA Accounts: | 401(k), 403(b), 457, Pensions, and other qualified retirement accounts |
| Company Founder: | Trevor Gerszt |
| Minimum Investment Required: | $25,000 |
| Fee/Charges: | $180 per annually + storage fees |
What is GoldCo?
Investing in precious metals is more accessible than ever before, especially because you can now buy gold, Silver, and other precious metals online with a few clicks. When you invest now, the price of these investments is a fraction of what they may cost when you retire. With GoldCo, this investment opportunity is available to you.
Do you know there are many advantages to transferring retirement savings to gold? Your savings can now be easily transferred from your existing retirement account to a gold IRA through GoldCo. Taking advantage of these features is very simple and can be done online in no time. Silver and gold IRAs are excellent investments for a number of reasons. These include the fact that they offer protection during turbulent times. Another benefit is that they can be used instead of paper money. At GoldCo, precious metal investments are easy to manage. A wide variety of IRA investments is offered by the company, including gold, Silver, platinum, palladium, and platinum-palladium.
The Better Business Bureau rated GoldCo precious metals IRA A+ while the Business Consumer Alliance rated it AAA. In addition, Sean Hannity and other media personalities have publicly endorsed the company. Also, it has earned thousands of 5-star reviews online.
On the GoldCo website, you can order a free GoldIRA kit, similar to most other gold IRA companies. If you would like to learn more about gold IRAs, you can request a free online kit. The company is located in Woodland Hills, California.
The GoldCo Company has built a reputation based on its customer service and security and is extremely satisfied with its track record.
In the manufacturing industry, the GoldCo team has been creating innovative and cutting-edge products for decades. Continually seeking growth and expansion, GoldCo strives to produce the best products. The American Business Awards have honored the company as one of the most successful privately-owned businesses in the United States.
Gold IRA professionals at GoldCo precious metals are able to help investors take advantage of underutilized loopholes in retirement account regulations that reduce fees and taxes on the exchange of stocks and bonds for physical metals such as gold and silver IRAs.
Consumers who want to balance the volatility of stock and bond markets with the safety of precious metals IRAs can find that GoldCo’s precious metals IRA offers an attractive choice.
In addition, GoldCo provides brokerage services for IRAs backed by precious metals, and it strictly abides by IRS rules.
GoldCo Gold IRAs: How They Work
In a gold IRA, GoldCo aims to provide more stability than the US Dollar, whose purchasing power has decreased by 98% since 1971. A steady increase in gold’s purchasing power, however, has been observed over time.
Gold IRAs are your own investment options if you believe in the power of gold. GoldCo accounts can be opened in three steps, and the entire process takes just a few minutes.
Step 1. Create a gold IRA
In the first step, you must sign a Purchase Agreement. A Purchase Agreement will help you establish a solid working relationship. If you haven’t already signed the Terms of Doing Business, you’ll never see them. Now is the time to sign and begin the gold IRA rollover process if you haven’t done so already.
Step 2. Fund Your Self-Directed IRA
The self-directed IRA allows you to invest in a wide range of nontraditional assets, such as real estate or commodities. If you would like to do this, you can rollover assets from existing retirement accounts, such as your 401(k), 403(b), and many others.
Your GoldCo gold or Silver IRA can be rolled over or transferred to avoid taxes and save you money.
Step 3. Purchasing Precious Metals
It is not always easy to choose the right investment when it comes to precious metals. It can be challenging to find the perfect investment, especially when it comes to gold bullion and gold coins, as well as other forms of precious metals and assets.
Choosing your precious metals after your retirement funds are in a GoldCo gold IRA is a simple process.
GoldCo Gold IRA Products
There are many precious metal IRAs offered by GoldCo.
GoldCo offers a wide selection of gold-plated coins and bullion coins that are IRA-approved. The fineness requirement for coins offered by GoldCo is .995. Like other IRA-approved gold coins, the coins must be at least that fine.
The right size denominations of gold-based products are essential. Therefore, we maintain a close relationship with mints worldwide to ensure that the required fineness is maintained.
Following Precious Metal Services/Products are offered by the GoldCo:
Gold American Eagle – Type 1
The 2021 Gold American Eagle coin is crafted from 22 karat gold and represents the gold standard of the USA. These coins were first minted by the US Mint in 1986 and come in four sizes: a half ounce, quarter ounce, one ounce, and tenth ounce.
Gold American Eagle – Type 2
Gold American Eagle – Type 2 is a bullion product that is composed of 1 troy ounce of gold. This product is minted by the United States Mint, and it has a purity of 99.9 percent. This product is legal tender in the United States, and it is considered to be one of the most valuable gold coins in the world.
Gold American Eagle Proof
The Gold American Eagle Proof is a physical gold bullion coin that was first issued in 1986. The coin is minted from 1 troy ounce of .9999 fine gold and features an image of the Statue of Liberty on the obverse and an eagle with its wings spread on the reverse. The coin is legal tender in the United States and has a face value of $50.
Gold Liberty Coin
An image of Queen Elizabeth II by Ian Rank-Broadley graces the obverse of this stunning coin. At the same time, the reverse highlights the 270th anniversary of Philadelphia’s arrival of the Liberty Bell. There is a 1/4oz gold version of this coin available.
Silver American Bald Eagle
The United States national symbol appears on this Silver IRA. This is an IRAS silver coin, struck by Perth Mint from 2 ounces of .999 pure Silver and honors the bald eagle. This coin has a face value of $2 TVD, and it weighs 62.213 grams.
Gold Australian Striped Marlin
The Perth Mint minted the 2020 Striped Marlin coin from 14 oz of 99.9% gold and issued it as legal tender. Marlins are symbols of tenacity, dedication, and perseverance.
Gold Freedom Coin
Gold freedom coins are made of 99.9% gold, and they come in 1/10th oz, 1/25th oz, 1/50th oz, and 1/100th oz sizes. They are legal tender in the United States and can be used as a form of currency. They also have a purity of .9999 and are legal for investment purposes.
These coins make a great way to invest in precious metals while also supporting the freedom and liberty of our country.
Gold Lucky Dragon
Gold Lucky Dragon 2021 coins are struck from 1/4 oz gold by the Royal Canadian Mint. These coins are pure gold .9999. Dragons are also regarded as symbols of good fortune and prestige as well as power and strength.
Gold British Lunar Series
The Royal Mint issues gold coins made from .9999 pure gold in the Gold British Lunar Series. Gold coins, known as the Lunar Series or Shengxiao Collection, have been produced by the Royal Mint since 2014. Each year’s coin highlights one of the 12 animals that comprise the Chinese zodiac, which is based on the Chinese calendar.
Gold and Silver Bars
Gold and silver IRAs are an ideal choice for investors who want to invest in precious metals. It is a cost-effective alternative to purchasing gold or silver bars; these bars are available in different sizes.
When you make any investment, make sure to do thorough research and choose the right product from GoldCo that suits your individual circumstances.
Other Precious Metals And Products Offered By GoldCo
There are also gold and silver products offered by GoldCo, including IRA-eligible and non-IRA-eligible gold and Silver.
Silver Coins
In addition to gold coins, GoldCo also offers silver coins. Silver American Eagles are available in both Type 1 and Type 2, which are minted from one ounce of pure Silver. Silver coins are also offered by GoldCo from the mints of Australia, Canada, New Zealand, and the United Kingdom.
Silver Bars
Silver bars are a good investment because they are backed by physical assets. This means that the value of the Silver is not likely to decrease over time, which is something that you can rely on. IRA-eligible silver bars from GoldCo are a 0.9999 fine.
Chuck Norris “Five Principles”
One of GoldCo’s unique products is Chuck Norris’s “Five Principles” coins, 1-ounce silver coins struck by the New Zealand Mint. The coins are not eligible for IRA contributions. A quote by Chuck Norris is engraved on the front of the coin: “Faith, Family, Freedom, Fitness, and Fight.”.
There is no platinum or palladium option available at GoldCo. Only Silver or gold can be purchased from the company.
All products sold by GoldCo are bought back at the highest price. In the event that you change your mind or wish to adjust your gold IRA holdings, GoldCo guarantees to buy back your coins or bars “at the highest cost.”
GoldCo Reviews: What Do Customers Say?
The gold-silver IRA provider GoldCo has been on the precious metals market for a long time. The company has got a really decent rating on Trustpilot and BBB. Let’s take a look at some GoldCo reviews and know what the existing IRA customers think.
Robin W. claims that it was a pleasure dealing with Goldco. They were very helpful and answered all his questions with professionalism. Throughout this process, they kept Robin updated every step of the way. As a result, he is much more confident about his finances.
The service is great, said James F. According to him, It was prompt and knowledgeable. It had been over three weeks since he had worked with another company. It took Goldco a few days to complete his trade.
Robert says that in his interactions with Goldco’s team, he was really impressed with their professionalism and knowledge. In regards to the process of buying precious metals IRA, they answered all his questions and eased all his concerns. His purchase looks very promising in the future.
Overall, the precious metals company has better than average ratings on different platforms. This makes it one of the best precious metals IRA companies. It is obvious to expect gold and silver prices to rise, but GoldCo’s IRA specialists are there to guide you.
GoldCo’s Charges And Fee
The minimum investment requirement at GoldCo is higher than the minimum investment requirement at many other gold and silver IRA companies. A new client will not be charged any fees for the first year of working with the company.
The following information will tell you how GoldCo charges for its services:
- Annual charges: $180 per year + storage fees
- Required Investment: $25,000
Added bonuses: New clients receive a 10% silver coin back in their first year and waived first-year fees
About GoldCo Services
The GoldCo company provides precious metals brokerage services such as buying and selling gold and Silver. In order for an IRA to manage its assets, a custodian is required, and GoldCo assists with the paperwork necessary to facilitate efficient account management. We also assist clients in rolling over their existing retirement accounts into precious metal IRAs.
As part of the IRA registration process, GoldCo will help select IRS-approved coins and bullion to be included in the IRA. In coordination with the custodian, the IRA specialist communicates with the facility that stores the assets.
The following methods can be used to contact GoldCo:
- Email: info@goldco.com
- Phone: 855-483-1718
- Form: https://goldco.com/contact-us/
Postal Address: 21215 Burbank Blvd, Suite 600, Woodland Hills, CA 91367
GoldCo: Pros and Cons
You may or may not find GoldCo suitable, depending on your needs. Let’s take a look at some of the pros and cons.
Pros
- Goldco charges lower fees than the average.
- The company has positive customer reviews.
- A+ rating from the Better Business Bureau (BBB).
- Exclusive offers are available to new customers that can help protect retirement assets.
- Existing and new clients are provided with educational materials.
- Easily add precious metals to IRA’s and 401K’s
- Storage of precious metals that aren’t part of an IRA is free.
- Complete transparency of the organization’s history.
- Goldco’s experts bring a long-term investment experience together.
Cons
- Fees charged by Goldco are not transparent.
- A new precious metal cannot be added to an existing precious metal. Goldco IRA holdings must be purchased through GoldCo website.
- Coins and bars are not listed on the website.
- Online account opening is not possible; instead, request a free gold IRA guide.
Frequently Asked Questions
What are the physical precious metals IRA?
A physical precious metals IRA is an investment vehicle that allows you to invest in precious metals outside of stock market volatility. With a physical precious metals IRA, you can own physical bullion, coins, and jewelry and have them stored in a segregated account at a custodian.
How to rollover a Traditional IRA into a Gold IRA?
There are a few different ways to rollover a traditional IRA into a gold IRA, depending on the specifics of your situation.
Withdraw the entire amount of money from the traditional IRAs and then convert it into gold bullion.
Transfer the money from the traditional IRA into a gold-backed trust account and then roll over the money into the gold IRA using that trust account.
Use a third-party custodian to help you rollover the money into a gold IRA and manage account assets.
Does moving assets to a Precious Metals IRA incur any penalties?
There are no specific penalties for moving assets from an IRA or 401(k) to a Precious Metals account, as long as the account is eligible and you follow the proper steps.
Which is better for IRA precious metals investment, Gold or Silver?
While both gold and Silver have their benefits, ultimately, it comes down to what you are looking for in an IRA precious metals investment. However, everything depends on your own personal circumstances.
Gold is considered a safe investment, as it doesn’t experience the same types of volatility as other precious metal IRAS. Silver is considered a better investment than gold when it comes to preserving wealth over time. Due to its finite nature, Silver will eventually become more valuable than gold – something that many investors find appealing.
Overall, the future performance results of both metals are not influenced by the past performance of both gold and Silver IRA. For more details, talk to the silver or gold IRA experts if you are not sure.
Closing Remarks: Is GoldCo the right option for precious metals investments?
Gold IRAs and silver IRAs are the most popular precious metals IRAs. There will be a spike in the price of gold and Silver if there is a panic. A good way to store precious metals in your retirement account is to invest in gold and silver coins in your IRA (retirement savings IRA). If the need arises, you are able to easily sell gold and silver coins.
These days people appropriate precious metals investments. However, retirement portfolio changes, especially IRA adjustments, are never to be taken lightly. Including Precious Metals Individual Retirement Accounts (IRAs) are some of GoldCo’s expertise in the precious metals IRA market. Investors can leverage this knowledge to make key investments and decisions regarding Precious Metals IRAs, Precious Metals IRA rules, and Precious Metals IRA investment options.
There is no limit to what you can have at GoldCo precious metals IRA. Further, their goal is to simplify the paperwork and procedures needed for the transfer of physical assets.
When it comes to retirement savings, Goldco is the best place to invest. For more information, please visit the GoldCo official website >>>
