In the realm of financial security and portfolio diversification, investing in precious metals has long been a strategy favored by many. Among the myriad options available, Goldco emerges as a prominent player in the precious metals market, offering a range of services tailored to investors seeking to fortify their portfolios with gold and silver assets.
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In this comprehensive review, we are going to delve into the core offerings, management insights, customer testimonials, and notable features of Goldco, providing prospective investors with a detailed analysis to aid in their decision-making process.
What is Goldco?Goldco Locations, Timings, Email, Phone, Services
Goldco is a precious metals dealer based in Calabasas, California. Their office is located at 24025 Park Sorrento Suite 210, Calabasas, CA 91302.
Over the years, the company has developed a large customer base. Their online presence reflects this large client base as the company has received 1000+ positive reviews across multiple review platforms including Google, BBB and ConsumerAffairs.
Goldco has partnered with other firms to offer you IRA custodial services and bullion storage. Also, they house a large collection of gold and silver products you can add to your precious metals IRA.
They have plenty of non-IRA precious metals products available in their catalog too. So, if you’re looking for collectible rare coins, they have a variety of options.
A brief explanation of Sentiment Analysis:
Sentiment analysis is like reading a room to figure out the mood. Imagine you’re at a party and you want to know if people are having a good time. Instead of asking everyone, you listen to what they’re saying and how they’re saying it. Are they laughing and talking loudly, or are they whispering and frowning? By observing, you get a sense of the overall vibe — happy, sad, excited, or bored.
In the digital world, sentiment analysis works similarly, but instead of listening to voices, it examines texts — like tweets, reviews, or comments. It’s a computer doing the “listening,” using algorithms to understand if the words and phrases are positive, negative, or neutral. For example, it can look at a movie review and decide whether the reviewer loved, hated, or felt indifferent about the movie.
People Behind Goldco: CEO, Owner, Co-Founders & MoreWho owns Goldco? What is the management team behind Goldco?
The Goldco owner and founder is Trevor Gerszt. His vision was to create a clear service for investors so they could set up self-driven IRA accounts and begin investing in precious metals.
According to his online presence, Gerszt believes strongly in well-diversified portfolios which have a considerable mix of precious metals as they add stability and safety from many volatile factors.
He grew up in South Africa and came to the US when he was 6.
Trevor Gerzst was a coin collector when he was young and his passion for rare coins helped him kickstart Goldco.
How to Signup with Golco: Step-by-Step Guide
If you want to start a Goldco IRA, you can follow these 3 steps:
Step #1:
Go to their website and sign up for the free retirement savings guide. The free guide can help you get a general idea of the benefits of a gold IRA.
Alternatively, you can give them a call directly and request to open an IRA.
Step #2:
The representatives from Goldco will contact you after which, you can sign an agreement to secure your purchase. Also, the specialists at Goldco will guide you through the entire process.
Then, the representative will ask you to fund your precious metals IRA. You can fund your Goldco IRA by a rollover. If you have an existing 401(k), 403(b) or another IRA account. The specialists at Goldco will assist you in this process as well.
Step #3:
After funding your Goldco IRA, you can start buying your desired precious metals. That’s it.
With just these 3 steps you would have a full-fledged Goldco IRA with your preferred gold and silver investments.
Additional Highlights of Goldco
There are plenty of things which separate Goldco from the rest of the industry. Below are some of the unique highlights of this IRA company:
Trusted Storage Facility
According to IRS regulations, you must store your IRA precious metals in an IRS-approved vault. So, you are not allowed to store your IRA precious metals at home.
The IRS doesn’t consider the precious metals stored at your home as part of your IRA and you might face penalties for the same.
That’s why gold IRA providers like Goldco offer storage facilities. Goldco partners with multiple third-party storage providers.
There, you get to choose between segregated storage and non-segregated storage.
In non-segregated storage, the vault doesn’t separate your individual coins from others. So, if you withdraw your coins, you might not necessarily get the exact coin you had stored.
For example, if you store a Gold Maple Leaf, you might not get the same Gold Maple Leaf coin when you make a withdrawal. This facility works because IRA-eligible coins don’t have any collectible value. Their value is only based on their bullion weight.
On the other hand, you can pay a bit extra and opt for segregated storage. In that option, you can get the exact coins you had stored in the vault.
For custodial services, Goldco partners with Equity Trust Company, one of the most popular IRA custodians in the industry. IRS regulations state that your IRA must have a custodian because they oversee your compliance with rules.
Simple IRA Rollovers
According to multiple Goldco reviews and their website, the LA-based company offers smooth and efficient IRA rollovers.
If you have an existing IRA, the specialists at Goldco will help you rollover the funds from the IRA to a Goldco IRA.
The company doesn’t charge any extra fees for rollovers, which is impressive. Several reviews have highlighted that they didn’t face any problems in performing rollovers with this IRA company as well.
The Very Active Goldco Blog:
On their website, Goldco runs a rather active and helpful blog. It covers the latest industry insights and their impact on personal wealth.
As a part of their effort towards client education, Goldco has published many articles on precious metals, the global economy, personal finance and other relevant topics.
At the time of writing this Goldco review, some of the topics they have covered on the blog are “Gold Price Rises as International Events Take Center Stage”, “Who is a Gold IRA For” and “Getting Started with Gold and Silver: Glossary”.
Certainly, it’s a good place to keep in touch with news related to gold and silver.
Also, they have added a long list of FAQs on their IRA pages to clear the doubts of prospective investors.
Apart from these articles, you can find videos, charts and research reports sharing vital information on gold and silver. Surely, the company is committed towards informing consumers and helping them make the right decisions when it comes to personal finance.
Goldco Reviews and Complaints: What Their Clients Say
Before investing with any precious metals dealer, it’s best to check their online reviews. Going through their reviews will help you understand what most of their customers think of them and whether they are worth your money or not.
There are 1000+ Goldco reviews available online and most of them are overwhelmingly positive. The company has received positive reviews on multiple third-party review platforms including BBB, Trustpilot and ConsumerAffairs.
Below is a more platform-specific breakdown of Goldco reviews:
Goldco BBB:
The Goldco BBB profile has an A+ rating, which is the highest rating possible on the platform. Moreover, the company has a 4.83 out of 5-star rating according to nearly 400 customer reviews.
Most customer reviews on BBB praise the smooth buying experience and how the company’s staff assists them with the investing process.
For example, Mylinda says that her entire experience with this company was wonderful. She says that the staff was very helpful and easy to work with. Mylinda thanks the team at Goldco for helping her secure her retirement funds.
Similarly, Robert shares that he has made three transfers from his IRA to a gold IRA. On each transfer, he received valuable assistance from Goldco’s representatives. The company answered all of his questions.
There are hundreds of such reviews on the Goldco BBB page.
Goldco Trustpilot:
The Goldco Trustpilot page shows that the company has received 800+ reviews and 91% of those reviews give them a 5 out of 5-star rating.
Hence, the company enjoys a near-perfect rating of 4.8 out of 5 stars. Trustpilot rates the company as “Excellent”.
Here, the reviews praise the company’s professionalism and helpful approach towards gold IRA and rollovers.
For example, Albert Hendricks says that the representatives he worked with while opening his Goldco IRA were extremely helpful. They showed a very high level of professionalism and expertise during their interactions, according to Albert.
Also, he says that the representatives kept doing follow-ups and informed him on all transactions he had with the IRA company. He ends his review by saying, “My sincere thanks to the team…”
Another happy reviewer is Barry Brock who gave the company 5/5 stars. He says that he chose the company on a whim and is glad he did.
Barry was looking to rollover some of his 401(k) into a precious metals IRA and worked with a representative to achieve the same. According to Barry, the experience was pleasant and painless.
Additional Goldco Reviews and Ratings:
Apart from BBB and Trustpilot, you can find many Goldco reviews on other third-party platforms. These include ConsumerAffairs, TrustLink and BCA.
On ConsumerAffairs, the company has a 4.8 out of 5-stars rating based on 1000+ reviews.
Like the other platforms, reviewers here write praises about the company’s quality customer service and knowledgeable support.
On TrustLink, the company has received just over 250 reviews and all of them give the firm a perfect 5 out of 5 score.
Similarly, the company has an AAA rating on Business Consumer Alliance. The AAA rating is the highest possible rating a business can get on BCA. There, the company has been a member of the firm since 2011.
Is Goldco Legit? Should You Invest with Them?Are they worth it?
Yes, Goldco is a legitimate gold dealer. The company has received over a thousand 5-star reviews across different platforms. Furthermore, they have received stellar ratings on multiple platforms such as a AAA rating on BCA and an A+ rating on BBB.
Such a high rating on different platforms showcases the commitment of Goldco towards customer satisfaction.
Moreover, the company has a large selection of gold and silver IRA products. They offer both IRA and non-IRA precious metals to their customers so they can have more freedom while choosing their investments.
To learn about Goldco pricing, you would need to contact their representatives.
Their impressive collection of gold and silver products coupled with their strong reputation helps make them stand out from the rest of the competition.
Moreover, if you’re interested in crypto IRA, you can go with their sister company, CoinIRA. They offer an entirely different catalog consisting of various cryptocurrencies.
Summary
Pros:
- Offer IRA-eligible products
- Offer non-IRA bullion products
Cons:
- High markup on coins
The competitive fees and overwhelmingly positive reviews suggest Goldco can be a great fit for many investors.
They offer a free investment kit and have a detailed blog so if you’re a new investor, you can use these resources to get a better understanding of precious metals investments.
Furthermore, there are various products to choose from for your gold IRA. Most of their reviews praise the company’s seamless processes and how the staff helps you throughout the setup.
The company guarantees customer satisfaction and the various Goldco reviews reflect the same.
Opening a gold IRA can help you hedge against inflation and save your fortune from burning up in an economic downturn.
Precious metals have proven time and again that they are a reliable investment when it comes to saving long-term wealth. However, many investors are afraid of starting a gold IRA simply because they are not familiar with the industry.
I suggest you consult a retirement advisor before you invest with any IRA firm. Moreover, it would be best if you check out a few options before going with a specific gold IRA provider.
You can check out the best gold IRA companies of 2024 on IRAEmpire. Alternatively, if you’re a client of Goldco or have experience in dealing with them, you can share your experience below.