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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.
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.
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.
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).
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.
Some features that have won these awards and given national recognition to Goldco in the United States are.
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.
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.
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.
The company is known in the United States for selling genuine IRA-eligible precious metal investments in the gold and silver categories.
Gold
The IRA-eligible gold coins and bars on Goldco's website include the following.
Silver
The IRA-eligible silver coins and bars on Goldco's website include the following.
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.
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.
Now, let's dive further into the steps you must take to open a gold IRA account through Goldco.
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.
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.
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.
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.
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
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 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:
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
$25,000."
Goldco Reviews on BBB
A+ 4.82 out of 5 stars
4.9 score out of 5
This rating was based on 1,470 reviews.
No reviews
This was a very small sample of reviews as we could only find 4 verified reviews
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.
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.
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.
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 #1 Precious Metals & Gold IRA Company - Best Overall
Read Augusta Precious Metals Review
Augusta Precious Metals is our best-rated overall precious metal dealer.
Our #3 Gold & Silver Company -Great Prices and Great Customer Service
American Hartford Gold is our third top-rated company.
Our #4 Gold & Silver IRA Company
Birch Gold is our fourth top-rated gold IRA provider.
Excellent customer service
Our #5 Top-rated Gold IRA Dealer
Noble Gold Investments is our fifth top-rated gold IRA provider.
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.
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.
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.
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.
