Goldco Precious Metals Pros and Cons: What’s Good and What Needs Improvement

Goldco harvested a lot of glowing reviews from business rating sites. It garnered:

• 5 stars from Trustlink
• 4.8/5 rating from Consumer Affairs
• 4.9 rating from Google
• 4.8/5 rating from Trustpilot
• A+ ratings from Better Business Bureau (BBB)
• AAA rating from Business Consumer Alliance
• 5-time inclusion in Inc. 5000’s “Fasted Growing Companies in the Country” list

These reviews were given as a testimony to Goldco’s excellent service and trustworthiness. Every Goldco review online also gives positive comments about the company. You can read more about the company in our Goldco review to get a complete picture of the company's reputation and achievements.

One of Goldco’s best features is its educational materials about handling money and investments. Goldco’s website includes a News and Articles section that contains a wealth of information about Goldco updates, retirement planning, social security, investing, and other financial news. These articles impart a lot of insightful information useful for investors.

Goldco also offers a free kit on protecting wealth, which contains audio lessons, videos, and printed material delivered to your doorstep for free. You can request a copy of this kit on their online form.

Goldco has more than a decade of experience handling precious metal IRA transactions. Throughout these years, they have built good relationships with major custodians and the Delaware Depository, to cater to the needs of Goldco gold IRA investors. The company’s reliability is clear with their latest milestone of achieving $1 billion in precious metals placements.

With Goldco, you can choose any custodian but only Delaware Depository to store your precious metals.

In all customer reviews, Goldco was praised repeatedly for their sterling customer service. Customers praise the staff for making good on their promises to make follow-up calls, for explaining patiently and clearly about investing, and for ensuring a stress-free process of their gold IRA transaction.

Also, you can see how your precious metal investments are performing on the Goldco website through their update on daily gold prices.

Goldco’s buyback program guarantee offers the highest prices for your gold coin and bar purchases, so long as these were also purchased from Goldco.

Sean Hannity leads the pack of brand ambassadors endorsing Goldco. Sean Hannity said he did his research on Goldco and was happy that the company is “the best at what they do.”

 
Trevor Gerszt, Goldco’s founder and CEO, says, “Our goal is to make precious metals ownership a reality for all Americans who seek financial independence and security. I am ecstatic that Mr. Hannity fosters those same beliefs and entrusts Goldco to deliver the highest standards in customer service, precious metals delivery, and the highest price buyback guarantee for customers.”

Goldo’s other brand ambassadors are Chuck Norris, Stef Peeters and Ben Stein.

 
You can read our Who Owns Goldco article to find out more about Trevor Gerszt and how his influence led to Goldco’s good reputation, such that it led to highly visible and respected brand ambassadors.

The types of precious metals Goldco offers are gold and silver only. Although they included platinum and palladium as one of the possible forms of distribution in their FAQs, their website does not show these precious metals as part of their available items

The minimum investment required for a Goldco gold IRA is $25,000. This requirement is the same whether you are investing on a gold or silver IRA. This is high compared to other gold IRA companies’ required minimum investment. American Hartford Gold does not even require a minimum investment.

Goldco’s website may be full of useful information on finance but there is no information provided about fees for a Goldco IRA. Interested investors will have to look elsewhere to know more about their start-up and annual fees. New investors might be misled into thinking no fees are required for a Goldco precious metal IRA. They also do not have any pricing information on their physical gold or silver coin choices.

Some investors like to find out about a precious metals IRA company’s background, its leadership, and how it started before they invest. Goldco’s website does not contain any information on how it started, who founded it, and who leads the company now. Information like this can give clarity on whether or not a company is reputable, and will help investors’ decision to work with them easier.

A Goldco gold IRA is a safe investment, in the sense that Goldco is a reputable company that employs knowledgeable account handlers who can guide you with your investment. Once you’ve decided to invest in a Goldco precious metals IRA, you may have questions about how to proceed. Here are a few questions and the answers to help make your investment easier.

Your precious metals can be bars or coins, depending on your investment plans. Gold coins are more collectible than gold bars and are thus easier to sell. They come with capital gains tax benefits too. Gold coins are best for new investors who want to make the most out of their investments.

 
Gold bars are best for longer periods and larger investments and for those who want to avoid higher premiums. Gold bars take up less space for your investment and can thus save on storage costs.

The precious metals you buy for your Goldco IRA are not guaranteed in value, similar to other investments. Whether you’re investing in a traditional IRA, Roth IRA, SEP IRA or a SIMPLE IRA, all these do not carry with them a guarantee that your investment will make money. However, a gold or silver IRA is still a good hedge against inflation and is an excellent alternative to diversify your investment portfolio.