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Goldco Review 2023 - Gold IRA Reviews What Are The Pros and Cons 
Are Goldco the Best Precious Metals IRA Company

Bear Lake Gold is a professional reviews company that evaluates many gold IRA companies yearly to help investors identify the best dealers in the precious metals industry.

We have designed this Goldco review, unlike other Goldco, precious metals reviews on the internet, to give our readers vital information on whether Goldco is a reliable gold company to meet their investment needs.

We have evaluated hundreds of precious metals companies and do so every year to allow us to recommend the most suitable, competitive, and ethical dealers in the United States. We aim to stack rank all companies and identify the top five gold IRA dealers.

After profiling hundreds of companies and subjecting the details we got about them to our standard gold dealer review methodology, we ranked five companies as the best in the industry. These companies, in their standing order, are.

  1. Augusta Precious Metals
  2. Goldco
  3. American Hartford Gold
  4. Birch Gold Group
  5. Noble Gold Investments

Goldco is our Second-Best Overall gold IRA dealer in the United States gold and silver industry. Thus, the central aim of this review is to give our independent opinions about Goldco so you can compare it with our other top five gold dealers in the United States.

This review will provide accurate, well-researched, and unbiased information about important aspects of this company. We will cover Goldco’s leadership, products and services, who should do business with the company, its pros and cons, and rankings across top-rated consumer rating websites.

With that said, let's begin to explore the features of Goldco and why we have ranked it as the second-best gold IRA company in the United States gold industry.

401k gold free gold


While cryptocurrency, stocks, and keeping fiat money in the bank is an excellent way to save your money, it is not the best because your funds are not safeguarded from inflation and volatility.

For instance, if you bought one bitcoin in 2021 at its all-time high ($68,000), you would be at a loss today because one bitcoin is currently less than $30,000. Hence, you would have lost over 50% of your retirement savings to the market crash. The dollar's value keeps declining daily, so monies held in the bank in 2021 would not be worth the same value today. Between 1971 and today, the US dollar has lost about 98% of its value.

Furthermore, the recent crash of Silvergate Bank has shown that saving all your funds in the bank can expose you to losses.

The case is not the same for gold and silver investments. Throughout the years, gold has helped customers avoid volatility and inflation by maintaining its value. Its purchasing power has increased, even amid severe economic crashes like the 2008/2009 global financial meltdown.

Hence, saving gold is one of the best and most recommended investment decisions for those who do not want bad economic situations to affect their money.

free $10,000 in silver

Goldco is a gold IRA company founded by Trevor Gerszt over a decade ago Goldco is a fantastic company for anyone who wants to open a new gold IRA account or rollover funds into their precious metal IRAs.

Goldco works with specialists to help you roll over funds from your 403b, TSP, or 401k retirement accounts into your new gold IRA account. Goldco also sells gold and silver coins and bars to interested customers. The specialists who work with the company can recommend profitable gold and silver investments to customers based on their needs and goals.

The company has positive reviews and ratings on BBB (Better Business Bureau) and BCA (Business Consumer Alliance).

investing in silver as part of your retirment savings

Goldco Awards and Endorsements

Goldco has received numerous awards and national recognitions in the United States. In 2021, Stevie gave Goldco the Company of the Year Award at the Annual American Business Awards (AABA). The company is also recognized in the United States as one of the fastest-growing private companies. It has maintained its place in the United States' fastest-growing Inc. 5000 list in recent years.

Some other recognitions and awards that the company has gotten include.

  • Accolades, honors, and awards from more than one business publication.
  • One of the 25 fastest-growing private firms in LA, according to the Los Angeles Business Journal.
  • Prominent Media Leaders in the United States, like Sean Hannity, Stew Peters, Chuck Norris, and Ben Stein, recognize Goldco as a trusted gold and silver IRA provider.

Some features that have won these awards and given national recognition to Goldco in the United States are.

  • Quality customer service
  • Standard business practices.
  • Comprehensively detailed gold and silver IRA investment guide.
  • Quality and vast gold and silver product selection.

According to one of the company's agents, Goldco believes that firms should build relationships with customers and their business models on trust and healthy rapport. Hence, the company has not failed to provide its customers with overall satisfaction to gain their confidence.

reverse of gold american eagle as part of goldco ira
gold mapple leaf coin as part of goldco ira

How Does Goldco Work?

As a gold and silver investor, you must ensure that the companies you work with meet state regulations. This factor is vital because protecting your investments depends on it. In addition, you might not enjoy the investment benefits that come with precious metals if you do not invest through companies that are IRS (Internal Revenue Service) compliant.

Goldco highly prioritizes compliance. The company ensures that it does not take non-compliant steps with the relevant state rules and regulations. For instance, Goldco ensures that all its IRA-eligible products meet the minimum IRS purity standards for IRA-eligible precious metals. In addition, it has partnered with an IRS-approved secure depository to offer precious metals storage solutions to its gold IRA. Hence, Customers can rest knowing that their gold and silver investments are safe with Goldco. They can also enjoy all the tax benefits and advantages of investing in a gold IRA.

free $10,000 in silver

Goldco Management Team

Who Owns Goldco?

The owner and founder of Goldco is Trevor Gerszt.


What is Goldco Selling?

Goldco is a leading precious metals dealer facilitating the selling and buying of physical gold and silver. In addition, the company offers IRA services to interested customers. Goldco works with a trusted custodian, Equity Trust Company, to provide custodianship services to its customers.

Goldco handles all the paperwork associated with opening a gold IRA for its Customers to ensure a smooth account opening and setup process. It also assists customers to rollover funds from their existing retirement accounts to their new gold IRA accounts.

Its gold and silver products have purity levels of 99.5% and 99.9%, respectively. The company ensures that it delivers high-quality IRA-eligible precious metals to its Customers by working with globally recognized mints.

As proof that it sells quality products to its customers, it buys these metals from any of its customers who want to liquidate their gold and silver at any time. Goldco buys these products from customers at the best silver and gold prices.

Some of the gold and silver IRA-eligible product categories you will see on Goldco's catalog are.

  • Gold American Eagle coins
  • Silver American Eagle coins
  • Gold Hope and Freedom coins
  • Silver Lucky Dragon coins
  • Gold Maple Leaf coins
  • Silver Maple Leaf coins.
  • Gold bars
  • Silver bars

Goldco Products and Services

Goldco Precious Metals

The company is known in the United States for selling genuine IRA-eligible precious metal investments in the gold and silver categories.


The IRA-eligible gold coins and bars on Goldco's website include the following.

  • Gold American Eagle 1oz
  • Gold American Bald Eagle 0.25oz
  • Gold American Eagle Proof 1oz
  • Royal Dutch Mint Gold Freedom & Hope 0.25oz
  • Royal Dutch Mint Gold Valor 0.25oz
  • Gold Australian Saltwater Crocodile 0.25oz
  • Gold Australian Striped Marlin 1.5oz
  • New Zealand Mint Gold Independence Hall 0.25oz
  • New Zealand Mint Gold Liberty 0.25oz
  • Gold Australian Phoenix 0.25oz
  • Gold Australian Sea Turtle 0.25oz
  • American Gold Buffalo 1oz
  • New Zealand Mint Gold Freedom 0.25oz
  • Canadian Gold Maple Leaf 1oz
  • Canadian Gold Lucky Dragon 0.25oz
  • Gold British Lunar Series 0.25oz
  • Gold Military Guinea 7.8g


The IRA-eligible silver coins and bars on Goldco's website include the following.

  • Silver Mayflower 1oz
  • Silver American Eagle Proof 1oz
  • Silver American Eagle 1oz
  • Canadian Silver Lucky Dragon 1oz
  • Canadian Silver Maple Leaf 1oz
  • New Zealand Mint Silver Freedom 1oz
  • New Zealand Mint 1oz Chuck Norris "Five Principles."
  • New Zealand Mint Silver Liberty 1oz
  • Silver Australian Spotted Eagle Ray 1.5oz
  • Silver Australian World War I 2oz
  • Silver American Bald Eagle
  • Silver Australian Striped Marlin 1.5oz
  • Silver Australian Phoenix 2oz
  • Silver Australian Great Barrier Reef 1oz
  • Silver Australian Sea Turtle 1oz
  • European Silver Veteran 1oz
  • Royal Dutch Mint Silver Valor 1oz
  • Silver 20th Anniversary Britannia 1oz
  • Silver Military Guinea 1oz
  • Silver Britannia Lunar Series 1oz

Goldco does not advertise the fact they sell platinum and palladium products. Suppose you want to add platinum and palladium products to your precious metals IRA portfolio. You can invest through our other recommended companies, like Birch Gold Group and Noble Gold Investments.

Goldco Physical Gold and Silver IRA

Goldco gold ira penalty

Opening a gold or silver IRA account through Goldco is simple. It just requires calling Goldco's customer service directly and then giving the agent assigned to you your identity information and your Social Security number. You can also submit your details by completing Goldco's IRA online form.

When you submit these details, the company will mail you its gold IRA investment kit. This guide reveals the various gold IRA options available. It will help you choose the best gold IRA based on your investment needs and goals.

How to Open a Goldco IRA

Now, let's dive further into the steps you must take to open a gold IRA account through Goldco.

Step One

As we have mentioned, you can either call the company agent and submit your details or submit them by filling out the online form with the necessary information. Goldco will ask you to input the following personal details.

  • Your Name.
  • Your Phone Number.
  • Your Email Address.

After filling out these details, Goldco will need you to submit proof of identification, for instance, an Identity Card issued by your government or your passport. After you have filled out the form correctly, you will get a call from one of Goldco's IRA specialists. The expert will get more details about the investment you intend to make and answer any questions about gold IRA and funds rollover from an existing retirement account.

Step Two

After completing the form and getting a call from one of Goldco's specialists, you will receive the company's comprehensive gold IRA investment kit. This investment guide will give you all the information about gold IRA investing and more details about Goldco. The guide contains various topics like precious metals investment benefits, the gold IRA setup process, and the other gold IRA investment options you can choose from.

Step Three

After reviewing the investment kit and selecting the suitable IRA, you should call your assigned agent for your account setup. At this point, you will pay a setup fee. We highly recommend you contact your tax advisor before paying, especially if you need to roll over funds from your existing retirement account(s). Your tax advisor should be able to provide you with the necessary information to avoid incurring any IRS tax penalty.

On the other hand, the Goldco agent will lead you through the account setup process. The agent will assist you in completing any vital paperwork and clarify your misconceptions about the setup process.

Step Four

Once you have finished your account set up and wholly funded your account either through a rollover or transfer, you can start buying gold investments. You can select your preferred gold and IRA coins and bars from the products in the company's online catalog.

After completing your direct purchases and payments, Goldco will move your products to a secure, precious metal storage depository. You can view your metals anytime through the depositories online portal or by walking directly into the depository's facility. These coins and bars will remain in the secure storage facility till you want to retrieve them or are due for retrieval

Goldco Gold Storage Options

The IRS prohibits customers from storing their gold and silver IRA investments in their homes. The IRS mandates keeping your investments within an IRA in a secure depository until your distribution age. Please read our article on gold IRA investment storage and IRS regulations to learn more.

Usually, IRS-approved storage vaults are fully insured, and investors who store metals in them pay storage fees. Goldco has partnered with the renowned Delaware Depository to provide secure storage solutions. The secure storage company has its facilities fully insured by the prestigious Lloyds of London.

Delaware Depository uses state-of-the-art and cutting-edge advanced technologies to secure its storage vaults. The company also employs armed security guards to secure its facilities and monitor vaults around the clock. It is one of the most secure precious metal storage facilities in the United States.

Goldco Costs and Fees

Goldco displays its precious metals prices on its website. The company offers highly competitive and transparent pricing.

Some other costs associated with Goldco's  IRA services are:

Gold IRA Fees

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, including a one-time IRA account set-up fee of $50 and a $30 wire fee. Annual maintenance costs $100, and storage costs $150 for segregated storage or $100 for non-segregated storage.

Gold storage and custodianship fees can vary depending on the company you select to handle these services (required by the IRS, as a custodian must manage all IRA assets). 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

Goldco Ratings and Reviews On Other Thrid Party Sites

Business Consumer Alllience Review

Goldco Reviews on BCA


Google review

4.9 score out of 5

This rating was based on 1,470 reviews.

Facebook Reviews

No reviews

This was a very small sample of reviews as we could only find 4 verified reviews

Goldco Promotions

Suppose you want to open a gold IRA through a company that offers fantastic promotions to new customers. In that case, you should open your gold IRA through Goldco. The company will gift you FREE SILVER WORTH $10,000 when you open a gold IRA and qualify for a rollover.

free $10,000 in silver

Goldco Pros and Cons

Goldco Pros
They are a reputable company in the industry
They have top-notch customer service.
They provide fast and straightforward gold IRA application process for customers.
They have a robust gold self-directed IRA investment guide to help you make informed decisions
Goldco's precious metals specialists will guide you in the entire process of opening a gold IRA, including making and purchasing the appropriate precious metals investments
They have active and responsive customer service, and you can reach them via email and social media
They offer a solid buyback program.
The company has hundreds of positive reviews and high ratings on various consumer rating sites.
They have spent more than a decade in the gold and silver industry.
They offer unique promotions to new customers.
They have a vast collection of gold and silver IRA-eligible products.
Goldco Cons
They have a $25,000 minimum investment for IRAs.
They do sell other precious metals like platinum, silver, and palladium, but they do not actively promote these products.

Who Should Do Business with Goldco?

Goldco is an excellent company for your gold and silver IRA investments. It is suitable for investors who fall into one or more categories below.

  • Customers who can spend $25,000 on gold and silver investments.
  • Customers who only want to add gold and silver to their gold IRA portfolio.
  • Customers who want to diversify their retirement savings through a gold IRA.
  • Customers who want to enjoy the tax benefits of saving their funds in precious metals IRAs.
  • Customers who want to hedge their funds from negative economic situations like inflation and volatility.

Who Should Not Do Business with Goldco?

Although Goldco is a very suitable and ethical company for gold IRA investments and precious metals purchases, it is not the best company for the following types of Customers.

  • Customers who cannot afford the $25,000 minimum investment.
  • Customers who want to buy platinum and palladium for inclusion in their gold IRA portfolio.
  • Customers who do not care about gold IRA tax benefits.
  • Customers who do not care about the effects of inflation and volatility on their savings.

Suppose you fall in the first or second category of Customers. In that case, you can still invest in precious metals within or outside an IRA. However, you may not be able to do that through Goldco.

Below is a list of our Goldco alternatives that offer more precious metals selection and cheaper minimum gold IRA investments.

Note: Augusta Precious Metals’ minimum fee is $50,000, and it sells only gold and silver products. Hence, it may not be suitable for your investment budget and needs if Goldco is not.

Our Recommended Alternatives To Goldco

Our #1 Precious Metals & Gold IRA Company - Best Overall

augusta Precious Metals

Read Augusta Precious Metals Review

Augusta Precious Metals is our best-rated overall precious metal dealer.

  • Augusta is a highly reputable company in the precious metals market.
  • Straightforward precious metals investment process.
  • Exceptional customer service team.
  • Pricing is highly competitive.
  • Their gold educational program is second to none.
  • The best investment guide in the industry.
  • Zero complaints on BBB & BCA.
  • Free shipping on all orders.
  • Wide range of gold coins and bars.

Our #3 Gold & Silver Company -Great Prices and Great Customer Service

Hartford American

American Hartford Gold is our third top-rated company.

  • A leading and trusted brand in the industry.
  • $10,000 minimum IRA and $5,000 non-IRA investments.
  • They sell a wide range of products.
  • A family-owned and run business.
  • Excellent customer experience.
  • Buyback guarantee.
  • Free shipping.
  • Promotional offers for new customers.
  • Transparent about the cost.
  • Diligent when it comes to compliance.
  • Offers competitive pricing.

Our #4 Gold & Silver IRA Company 

Birch gold reviews

Birch Gold is our fourth top-rated gold IRA provider.

  • A trusted brand in the gold industry.
  • $10,000 minimum IRA investment.
  • Longevity in the industry.
  • Excellent promotional offers for new Customers.
  • Free gold investment kit.
  • Sells gold and other tangible assets like silver, platinum, and palladium.
  • Competitive and transparent costs.
  • Buyback guarantee.

Excellent customer service

Our #5 Top-rated Gold IRA Dealer

Noble Gold Investments is our fifth top-rated gold IRA provider.

  • A leading brand in the gold industry for buying precious metal retirement assets.
  • $2,000 minimum purchase.
  • Wide variety of gold and silver products.
  • Fantastic customer reviews.
  • Excellent customer service.
  • Offers profitable investment selection to customers through its Royal Survival Packs.
  • Provides education to customers through its rich educational materials.
  • Provides a free gold investment kit.
  • Buyback Guarantee.
  • Competitive prices and cost transparency.

Goldco Conclusion - Is Goldco Scam or Legit

Bear Lake Gold will give its final verdict on this precious metals investment company to end this Goldco review. Goldco is our second-best overall precious metals company in the United States and a trusted company in the industry.

The company has many positive features that have made it one of the best, even among our top five gold IRA providers in the United States. In addition, we found just a few Goldco metals complaints on top-ranking consumer rating sites, which means it is safe for your retirement plans.

We highly recommend Goldco for your precious metal investment. However, suppose you are finding its minimum investment and product selection limiting. In that case, you can do business through any of our other alternative companies besides Augusta Precious Metals. Although the company is our best overall, it has a higher minimum investment than Goldco ($50,000).

Please click the links in the previous section to learn more about these companies and invest in a gold IRA or purchase precious metals through them. On the other hand, to get your FREE SILVER WORTH $10,000 from Goldco, click this link to download Goldco's investment kit.

Frequently Asked Questions About IRA Gold Accounts.

What is Goldco?

Goldco is a precious metal investment and gold IRA company that provides a simple and secure way for investors to diversify their retirement portfolio using precious metals. Goldco specialists are very knowledgeable about gold investments, and they answer customers’ questions regarding retirement planning and portfolio diversification using precious metals.

How Do I Open an Account with Goldco?

Account opening with Goldco is fast and straightforward. All you need to do is to visit the company’s website and click the “Open an Account” button just below the “Accounts” tab. When you click “Open an Account,” you will need to submit your personal details, choose your preferred type of account, and then fund your account. Goldco reviews customers’ information provided during the entire process to ensure they are valid. The review process and account opening take at most two business days.

Which Investments Can I Make Through Goldco?

Goldco offers various investments, including gold IRAs, to interested customers. They have investment experts on standby to give you the best investment advice based on your investment goals and needs.

A Gold IRA works as a self-directed individual retirement account. The difference between a Gold IRA and a traditional IRA is that a Gold IRA allows you to purchase and keep a variety of qualifying precious metal bullion and precious metals coins. A Gold IRA was made possible when the US Congress allowed this in 1997.

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