Goldco IRA Company Review | Prices & Fees | Competitors | Storage & Account Setup
21215 Burbank Blvd Suite 600, Woodland Hills, CA 91367
Monday to Thursday – 8am to 5pm
Friday 7am – 4pm -
|Goldco Fees||Fee Description|
|Annual Fees||$80 maintenance fee per year|
|Storage Fees||Storage fees range from : $100 – $150 depending on the depository, segregated or non-segregated|
|Shipping Fees||Variable, ask for free shipping|
|Minimum Purchase Amount||$50,000 for IRA purchase|
$25,000 outside of IRA purchase
Goldco IRA Investing Summary
There are many great gold investment companies out there but Goldco is one of our top recommendations. They are an A+ rated company with the Better Business Bureau and also have a Triple A rating from the Business Consumer alliance. Knowing this a trusted and well-established company, Goldco provides the best overall investor experience.
Goldco specialized in Gold and Silver IRAs, also know as Precious Metals of self-directed IRAs. Setting up a Precious Metals IRA with Goldco is a favourable way to diversify your portfolio and protect from the highly volatile stock market. As highly-sought after precious metals gold and silver both make an excellent investment. Their value has remained stable in comparison since inception.
Gold and silver are also being used more and more for manufacturing and new technologies, meaning the demand will only continue to grow as the world shifts into a more technologically-advanced future. Once you decide to sell your investment for retirement or other considerations, you'll have easy access to your investment for cash and cash equivalents.
Rating: 5 out of 5.
Rating: 4.5 out of 5.
Rating: 5 out of 5.
Goldco Gold IRA Investment Review
In 1977 the government changed regulations allowing individuals to use precious metals as part of their investments for retirement. The new regulations state that if you incorporate precious metals into your IRA that they must be part of a self-directed IRA, must meet certain purity requirements, and the precious metals must be kept in a depository. At the same time, it is being used to back the funds in your IRA.
Goldco is a precious metals brokerage that specializes in establishing self-directing IRAs for precious metals investing. Goldco also sells gold and silver coins directly to the public to hold in their private investments.
Establishing an IRA with Goldco is very simple. You can complete the IRA application online in less than five minutes. Once the account is established, a representative from Goldco will contact you to see how you would like to fund your account.
You will have the option of starting the account from scratch or rolling over money from your 401k or other IRA to fund this new account. Once the account is funded, you can work with a representative to determine what coins you would like to purchase for your account.
Which Precious Metals Can I Hold In My IRA?
Under IRS guidelines, you can place gold, silver, palladium, and platinum into your self-directed IRA investment. However, if you review the guidelines, you will see that the IRS requires that these coins or bullion are 99.9 percent pure and only originate from approved mints.
If you are investing in coins, the coins must be graded, they must be in a container that specifies their grading, and they must meet the purity standards for the precious metal. Bars of precious metals must come from an approved mint and meet quality standards.
The IRS will not allow any other types or forms of precious metals to be incorporated into a self-directed IRA other than those stated above.
Why Invest In Precious Metals?
When you are actively involved in your retirement planning, it is hard not to come across information about purchasing precious metals as part of your investment strategy. Most people overlook this opportunity because it seems terribly confusing and not worth the effort. Sadly, they are missing out on a prime opportunity.
When you review the performance of how precious metals fair in the markets, especially when other areas of the financial markets are dropping, you will see that precious metals stay stable or gain in value. Diversifying your IRA with precious metal investments is one of the easiest ways to hedge against inflation and stock market fluctuations.
You may be interested in our article - Gold And Inflation - A Historical Truth
Two very significant reasons investing in precious metals makes sense. The first is that as technology advances, the need for these metals increases. High-speed technology requires the use of precious metals to operate efficiently. As technology improves, demand will increase.
The second reason that investing in precious metals makes sense is that there is a limited supply. There is only so much of each of these metals available on the planet, which means when demand is high, so is the value of these metals.
Additionally, when you invest in precious metals with Goldco, you are purchasing high-quality limited supply coins that will also increase in numismatic value. Coin collecting is a very serious hobby for many people, and these unique coins can generate a higher return on investments than their metal weight alone.
Why We Recommend Goldco
Now that you understand the importance of diversifying your IRA with precious metals, the next thing that you will want to know is why you should choose Goldco.
For over a decade, Goldco has been helping clients establish precious metal IRAs and rollover their current investments into these metals. They have successfully helped many people discover the benefits of precious metal and coin investing.
Goldco works with vetted companies that manage the self-directed IRAs and with IRS-certified depositories for storing your investments. All of their transactions are in strict compliance with IRS regulations.
The Company provides superior customer service, and many reviews of the company state how beneficial working with their reps has been in educating consumers about these types of investments. Goldco also has a buyback policy for coins and bars of precious metals purchased from them as personal assets and not for an IRA.
If you have any questions about changing your retirement accounts over to a self-direct IRA with precious metal holdings, you are encouraged to speak with one of the reps from Goldco today. They are always available to answer your questions, and they will follow up with you to make sure that you are happy with your transactions.
Goldco IRA INVESTMENT BENEFITS
Setting Up a Goldco Gold IRA
Goldco has an easy step-by-step process from start to finalizing the gold IRA rollover:
- A Goldco representative will complete the documents to set up your account and the transfer or rollover of funds from your existing IRA, 401(k), or other retirement plan to open the account. Or, you can contribute funds per annual IRA limits and open a new IRA that way.
- Send back your completed paperwork and let Goldco go to work for you.
- Goldco will open your self-directed IRA and process the necessary documents to transfer the funds from your existing account in a tax free way, while avoiding early withdrawal penalties.
- Once your account is open, your representative will guide you through your precious metals IRA investment choices.
- Start to finish will take about 2-3 weeks.
- After you choose your precious metals, they will be purchased for you and delivered to the Delaware Depository, Brinks or IDS Texas.
Reasons To Invest In Goldco
Leading Client Gold Investment Education
Knowing what you're investing in is key for piece of mind
With a modern take on Gold and Silver IRA investing, the beginners guide offered by Goldco can help solidify confidence in the precious metals market. They use historical data and market tracking to back up their claims.
If you're an experienced investor, this guide can offer valuable insight into purchase desicions.
Gold Coin Offerings
Quality guidelines and high resale value makes gold coins a high demand asset.
IRS approved gold coins have stable value and act as a currency hedge to a failing market or currency. The Gold coins offered at Goldco offer stability and diversity to an IRA portfolio and serves as a good candidate to rollover a retirement portfolio.
Silver Quality And Refinement Matters
Silver has been argued to be more stable than gold. Some experts believe silver to be the safest investment in the precious metal realm.
Silver IRA's are a valuable asset. The silver coins offered at Goldco are 99.9% pure and certified for sale. It is important to know that if you already own silver and it is in your possession, you will not be able to add silver to your IRA account.
Other Precious Metals IRA Specialists
Augusta Precious Metals
Augusta Precious Metals, our #1 choice for gold IRA service, transparency and pricing, is a great investing option to consider if you want to invest in tangable assets like gold or silver ( coins and bars). This impressive company has no complaints (for real), an A+ rating from the Better Business Bureau, and excellent ratings from Google, Facebook, Trustlink, and the Better Consumer Aliance. Trustlink has chosen them multiple years in a row as "Best of," and IRA Gold Advisor named them the "Most Trusted in the U.S"
Birch Gold Group functions as a precious metal seller that has a large focus on establishing gold IRAs. The main service that Birch Gold provides is selling precious metals such as gold, palladium, silver, and platinum for personal ownership or as an investment for an Individual Retirement Account. At Best Gold Investment Review we rank Birch Gold 3rd on our list of the Top 5 Gold IRA companies.
Final Thoughts on Goldco Precious Metals IRA
A Gold IRA is one type of self-directed IRA where individuals are allowed to hold gold, rather than stocks or bonds, within an IRA. Setting up a self-directed IRA with Goldco is simple
Visit their website, and take a few moments to fill out an application to open a new IRA. You'll then select how you plan to fund your IRA, and transfer money to the new account. Once the money has been received by Goldco, you can select the gold pieces you would like to add to your IRA.
Goldco offers both gold coins and bars for Gold IRAs. All of these bars and coins meet the IRS eligibility requirements of containing 99.5% purity and can be held in IRA accounts. Below is the complete list of gold coins and bars you can choose to add and hold to a Gold IRA with Goldco.
Still need more information about setting up a gold back IRA?
Read through our Beginners Guide here - Go to Beginners Guide
You can also visit the Frequently Asked Questions Page for more insight into Gold IRA's.
What Coins Are Offered In A Goldco IRA?
Goldco has dedicated its business to establishing precious metal IRAs. They have decided to focus on these two precious metals because of their continued performance in the markets. Both of these precious metals outperform other investments, especially when the market takes a downturn.
They offer buyers gold and silver coins and small bars of each metal for their investment portfolio. The choice of using specialty coins is because these coins often rise above the value of the metal because of their collectability. Ost of the coins offered by Goldco are no longer being minted and are only available in very limited quantities.
Goldco will also sell these coins outside of IRA investments to collectors and those who wish to possess the coins they purchase.
- Gold American Eagle Coin
- Gold American Eagle Proof
- Gold American Bald Eagle Coin
- Gold Buffalo Coin
- Gold Maple Leaf Coin
- Gold Lucky Dragon Coin
- Gold Australian Saltwater Crocodile Coin
- Royal Mint Gold Lunar Series: 2016-Year of the Monkey Coin
- Royal Mint Gold Lunar Series: 2017-Year of the Rooster Coin
- Royal Mint Gold Lunar Series: 2018-Year of the Dog Coin
- Royal Mint Gold Lunar Series: 2019-Year of the Pig Coin
- Various gold bars from PAMP Suisse, the Perth Mint, and other highly regarded mints and refiners
- Silver American Eagle Coin
- Silver American Eagle Proof Coin
- Silver Maple Leaf Coin
- Silver Australian Saltwater Crocodile Coin
- Silver Lucky Dragon Coin
- Silver World War I Coin
- Silver WWII Victory Coin
- Silver American Bald Eagle Coin
- Royal Mint Silver Britannia Lunar Series: 2015-Year of the Ram Coin
- Royal Mint Silver Britannia Lunar Series: 2016-Year of the Monkey Coin
- Royal Mint Silver Britannia Lunar Series: 2017-Year of the Rooster Coin
- Royal Mint Silver Britannia Lunar Series: 2018-Year of the Dog Coin
- Royal Mint Silver Britannia Lunar Series: 2019-Year of the Pig Coin
- Various silver bars from PAMP Suisse, the Perth Mint, and other highly regarded mints and refiners
Additional to helping set up a new self-directed Precious Metals IRA with gold or silver, Goldco can assist with rolling over an existing IRA into a Precious Metals IRA. Many retirement accounts are eligible for a rollover and will allow you to get your new self-directed IRA set up with the funds currently in your account. A member of Goldco's team can help you decide on a rollover strategy and ultimately make a decision on if you should take advantage of the rollover benefits
A Gold or Silver IRA with Goldco offers the same tax benefits as a traditional IRA. You can contribute up to $6,000 per fiscal year (or $7,000 for those who are over 50 years old) to help your investments continue to grow until the day you decide on retirement. Once you are at least 59 ½, you will, be able to withdraw funds from your account penalty free.
If you are interested in learning more about Goldco and setting up a self-directed Precious Metals IRA, visit their website to request the free Self-Directed IRA guide. The guide will help you understand what Gold and Silver IRAs are, how to set them up and fund them, and the various coins and bars you can add to your account.
Goldco Frequently Asked Questions
Does Goldco sell precious metals without a Gold IRA?
Yes, they offer the ability to buy gold and deliver other precious metals to your location.
How do I roll over my existing IRA or 401k to a Gold IRA?
They open a new Goldco Precious Metals IRA for you. They help you fund your new account with the assets from your old IRA (there are no penalties associated with this and you don’t need to invest additional money). Once the transfer is completed, they’ll help you select the precious metals that are best for your financial goals.
What types of gold and silver does Goldco sell?
The company sells all types of gold and silver, ranging from bullion coins and bars to premium coins.
How long does the process take to open a Gold IRA?
This process can take up to 2-3 weeks.
Who is eligible for a Traditional Precious Metals IRA?
Anyone under the age of age 70 ½ who has earned income.
Are there penalties for moving my IRA or 401(k) to a Gold IRA?
No, an IRA rollover is a common, tax-free process with no fees or penalties. There are hundreds performed per day.
What type of metals can I keep in my Gold IRA?
The most popular assets in a precious metals IRA are gold and silver, however, platinum and palladium are also offered. You can also choose between coins and bullion.
How do I keep my precious metals safe while they’re in my IRA
When you open an account, they will help you transfer your gold, silver, and other precious metals to a secure vault in an IRS-approved depository.
In what form can I receive distributions?
You can receive distributions from your Precious Metals IRA in the form of physical gold, silver, platinum or palladium, depending on what metals are in your account. If you prefer to receive cash, you can have your precious metals converted into cash.
Can I take physical possession of the metals?
Yes, they are held in a depository in your name and at the age of 59 ½ you can take physical possession of your metals without any penalties.
There is also no overlap of metals in the depository. Your metals are held separately from other clients.
Will Goldco buyback my metals when I want to cash out?
Goldco urges customers to give them the first chance to buy back their metals when they want to liquidate. Goldco will likely offer a better deal than from a random coin deal or broker who will lowball you.
Which custodians does Goldco work with?
Goldco works with all major Self-Directed IRA custodians.