Retirement is an exciting time in life but can also be a stressful and challenging transition. Life expectancy is longer than ever, and many people are outliving their retirements. Adding to the mix currency devaluation and manipulation to the extent the founding fathers would have never thought would occur, traditional 401(k) accounts just haven’t been cutting it for these individuals anymore. That’s why companies like GoldCo have become popular for diversifying retirement savings.
In this GoldCo review, you will learn about the reputation and reliability of GoldCo and what makes GoldCo precious metals so attractive for customers thinking about retirement, and how to protect their investment accounts.
We will start with a general overview of the company, diving into what other customers of GoldCo have had to say in their review of GoldCo, before moving on to exactly what the company has to offer. We will also cover some customer complaints and what you should think about before investing in GoldCo precious metals.
2021 GoldCo overview
GoldCo is a precious metals IRA investment company that helps customers purchase precious metals as part of a retirement portfolio, which has been proven to resist inflation and currency manipulation.
As we will cover in more detail later in this review, GoldCo is a privately held American-based company founded in 2006. It is important to bring this up now because it has played a big part in the existing customer reviews from review companies like Better Business Bureau (BBB), Consumer Affairs, Trust Link, Business Consumer Alliance, Google Reviews.
- Is known for not being Pushy
- Offers gold and silver IRAs
- Free retirement resources
- Get info online or over the phone
- Has received multiple awards for customer service excellence.
What is GoldCo’s reputation?
GoldCo has an excellent reputation among clients with excellent customer service ratings both online and off. Gold IRA buyer reviews say that they are treated professionally and kept informed of their investment performance results. Customers providing GoldCo reviews also like that GoldCo is a “small company” and can give them better personal attention than larger, more bureaucratic companies can.
GoldCo Direct Review
Looking to review companies for more information on what customers have to say about GoldCo, we find that GoldCo has an A+ rating from the Better Business Bureau with a review star rating of 4.89 out of 5 stars. There have been more than 100 independent reviews provided to the BBB for the 4.89 stars rating.
The Los Angeles Business Journal named GoldCo the 17th fastest growing company in the greater Los Angeles area, and Inc. Magazine starred it as the 3rd fastest-growing financial services company in the US in 2018. Customer feedback for GoldCo review is pretty amazing too, and the precious metals IRA specialists are credited for being friendly and extremely efficient. According to GoldCo reviews, their entire IRA rollover process is pleasant, seamless, and prompt.
What Customer-driven Review Companies have to say about GoldCo direct.
Other ratings and customer reviews on Google Reviews indicate that GoldCo Gold ranks 4.6 stars out of 5 from 112 reviews with the BBB. Their social media accounts are active, with 11,645 likes and 12,114 followers on their Facebook page and 513 followers on LinkedIn.
According to scamreport.com, Goldco is only one of a handful of gold bullion dealers listed in their trusted directory. One of the reasons is that GoldCo is one company they come back to again and again for honesty, transparency, and quality of customer care. With a total of 44 independent buyer reviews supporting a 5 stars rating, GoldCo is credited with taking a soft-sell approach.
Scamreport.com sent in three mystery shoppers to test the buying experience with GoldCo. All three mystery shoppers commented on when through the buying process interacting several times with the friendly agents with GoldCo. The one common note was how each of the representatives took a non-pressure approach with the customers.
It appears that with current reviews, Goldco customers are overall positive of the company’s customer service and the Goldco precious metal IRA products it provides. ConsumerAffairs shows an average of nearly five stars out of five for Goldco from 142 reviews.
GoldCo is the winner of the Stevie Awards.
GoldCo precious metals complaint
For the overwhelming number of positive reviews for GoldCo promoting Gold IRA retirement funds, very few buyers have complained. Most complaints revolve around misunderstanding how to evaluate and price precious metals. Most complaints have been noted as resolved by the customers and even requested to be withdrawn or modified to reflect GoldCo’s customer-first approach.
There is only one lawsuit we were able to find filed against GoldCo. In “Jodi Judson, individually and on behalf of all others similarly situated, v. Goldco Direct, LLC,” GoldCo is being accused of violating telemarketing practices where they are contacting consumers on a DO NOT CALL LIST. GoldCo denies the allegations. At the time of writing this article, the courts have not decided on the case.
All other cases returning with the name GoldCo seem to be related to another company stemming from a 1992 case approximately 14 years before this company was founded.
- Offers gold and silver IRAs
- Free retirement resources
- Get info online or over the phone
- Only gold & silver IRAs, no precious metals accounts
The bottom line
GoldCo is a gold and silver IRA firm that helps consumers set up and maintain their self-directed retirement accounts. While Goldco only offers gold and silver IRAs, it does allow consumers to invest in other precious metals within these accounts.
Who owns GoldCo Direct?
Trevor Gerszt is the founder and CEO of Goldco, a precious metals dealer located in LA specializing in building wealth through security by investing in gold for retirement or other assets like stocks with higher potential returns. Offering an array of investment accounts so you can choose how much to take on based on what’s suitable for your comfort as well as local law, GoldCo direct has been named one of Inc 500’s top 5 providers over the last 20 years.
What does GoldCo do?
If you are looking for a safe investment with one of the most trusted IRA companies in the industry, GoldCo is for you.
GoldCo is one of the fastest-growing award-winning gold dealers in America, but they are not like most other companies. GoldCo offers clients precious metals IRA services through which they can roll over their existing IRAs, 401(K) and 401 (b) account into a new account with GoldCo so they can invest in precious metals IRA.
Why should you choose to invest your retirement savings in an IRA that invests solely in precious metals like gold or silver?
For starters, it’s important to diversify your portfolio and protect against inflation. The value of paper money had decreased by more than 95% since 1913, when the Federal Reserve was created! Investing in physical gold will help safeguard your hard-earned wealth from this devaluation. You may also want to consider investing some of your retirement funds into silver or platinum as well because these two metals have historically been good hedges against inflation as well as being great investments in their own right.
With a GoldCo Precious Metals IRA, you never need to worry about market volatility or fluctuations because all three types of metal are backed by real assets – unlike stocks and bonds, which rely on faith in that company alone!
What are the services and products offered by GoldCo?
GoldCo is a comprehensive retirement planning company that helps clients with the difficult decision of deciding what IRA investment options to make when preparing for their future.
GoldCo provides two major investment services – the direct purchases of precious metals and precious metal IRAs. GoldCo states that 80% of their business is in IRAs, and 20% is in non IRAs, which means that IRAs are now their main business. With precious metal IRAs, you can invest in Gold, Silver, platinum, or palladium. But, you can’t invest in just any old gold, silver, platinum, or palladium, as the IRS has specific standards that your precious metals have to meet, which include.
Acceptable GoldCo precious metals IRA products that meet these criteria include Canadian Maple Leaf coins, Australian Koala bullion coins, and PAMP Suisse bars. The IRS also allows American Eagle coins. You can read more about the IRS coin specification here.
GoldCo belongs to industry trade groups like the American Numismatic Association (ANA), Industry Council for Tangible Assets (ICTA), or Professional Numismatists Guild (PNG), which gives it total authenticity, unlike many of its competitors.
Why Goldco help customers invest in precious metals like gold?
Inflation is a situation in which the prices of goods and services tend to rise. Unfortunately, from 2019 to 2021, upwards of 40% of the currency ever created for the United States Of America has been printed during these two years. This has tremendously devalued the US Dollar and left those on a fixed income extremely vulnerable.
The cost of raw material was the first to triple in price lumber prices during the first and second quarters of 2021, making it harder for home improvement projects and new homes to develop. As the ripple effects of new money continue to work their way through the system, those on fixed incomes will not see the same increase from their retirement fund.
GoldCo sees this pattern as a real issue causing problems and provides an investment vehicle to hedge private retirement accounts the same way only large investment firms used to have access to. Helping private investors protect their assets through tax-protected accounts means a better quality of life for those who take advantage of this diversification.
What is a precious metal IRA?
A precious metals IRA, or a gold IRA, is a self-directed IRA (individual retirement account) designed to invest in non-traditional investments like precious metal coins, bars, and rounds. This type of account has been able to save millions for individual investors.
Traditional investment companies cannot offer physical gold and silver for a buyer as part of a retirement portfolio. One of the major complaints about traditional retirement investment companies is the limitations put on the buyer.
These retirement plans allow the investor to set aside a portion of their income for investment in gold bullion bars, silver bullion coins, or other types of precious metals without paying taxes on the profits until they withdraw those funds upon retirement.
GoldCo’s Customer Service
It is a standard policy at Goldco to provide exceptional first-class customer service regardless of whether it’s a query, opening an account, or a direct purchase of precious metals. Goldco makes it a top priority to make the entire GoldCo experience from the initial contact professional, polite, and beneficial.
GoldCo claims that the idea of rushing their clients for a deal doesn’t exist within their company. They don’t want you to feel harassed by the endless forms filling, so the GoldCo team members will take care of all the details for you if you wish.
Customer reviews on GoldCo’s website praise the efficiency of their customer service, thorough explanations of the GoldCo program, and how to invest in a self-directed IRA. Customer reviews also state that their staff patiently took time to explain the purchase of various precious metals and their advantages and disadvantages of investing in bullion, bars, coins, including their performance in the market.
The detailed customer service makes clients feel like partners seeking information to provide high-value investment grade decisions. GoldCo Client seem to like the
How does GoldCo help me get started?
The experienced agents at Goldco have the expertise to help customers start precious metals IRAs. They offer various precious metals, including gold bullion, silver bullion, platinum coins, bars, and palladium coins and bars. GoldCo has a simple step-by-step process to help customers roll over their traditional IRA, 401(k), or 403(b) plans to minimize fees and speed up the process. When you are ready to give them a call, click here for their phone number.
It’s understandable for people who have an existing retirement account to have and experience a hesitation when dealing with a completely new investment company that can complicate things for them. Often people like to stick with their existing financial policies even if they are potentially losing money.
The representatives at GoldCo are aware of this natural hesitancy and ensure their customer support is first-class in dealing with this – your allocated IRA gold account executive will spend a lot of time discussing with you, as a potential customer, the precious metal investment process and how it will fit into your investment portfolio.
From the reviews listed above, customers have had a good response to this process. They agree that GoldCo has made the whole rollover process straightforward. GoldCo makes the gold and silver IRA investment process as easy as possible. You are given a designated IRA agent to help you out with every step of the rollover process.
The precious metals IRAs that GoldCo will help you set up will be a self-directed IRA with certain rules and regulations. Check out our understanding of Precious Metals IRAs for more details.
The Self-Directed Individual Retirement Account (SDIRA) is an IRA that allows for investments in property, stocks, and precious metals. This type of IRA is also referred to as a Precious Metals IRA or Gold IRA. The U.S. government does not legally regulate an SDIRA, but it does follow a set of strict guidelines established by the Internal Revenue Service (IRS).
GoldCo’s Buyback Program
Likewise, if you decide you don’t want to keep your gold investment tied up in one policy and want to sell, GoldCo is willing to buy back your precious metals from you. It is not a condition to sell back to GoldCo, but it is a viable option for all their customers.
This is because you are very likely to get a much better offer from GoldCo for your precious metals than in the open market, where buyers tend to have their own profit-maximizing agendas. This buyback option can be a huge bonus for many investors who don’t want to worry about how and where to sell their coins or silver bars.
So, GoldCo can buy back the physical precious metals or sell them through the metals market when it comes time to start liquidating assets.
Extensive Educational Resources on the GoldCo Website
The GoldCo website is packed full of current and informative news and data about the industry – it also provides its investors with an extensive, helpful online education center that aims to keep you, as a loyal customer, informed on precious metals and precious metals IRAs.
When trying to understand gold, silver, or what could affect your gold IRA account, it’s good to know that companies like GoldCo keep you up to date in their blog.
GoldCo’s State-of-the-Art Storage Options
It’s important to review the storage facility options for qualified gold IRA investment companies. To ensure compliance with IRS regulations, an appointed custodian must store all your precious metals at a third-party depository. Goldco provides a full and comprehensive list on their website of the best storage providers in the precious metals industry to keep your gold IRA account investments safe.
Each of these depositories offers state-of-the-art facilities to safeguard your gold IRA account investments. GoldCo and several other investment companies use Delaware Depository, which has over 200 years of dealing in precious metals, high-tech security systems, and Class 3 vaults.
The Delaware Depository has an A+ rating with the Better Business Buerue with zero complaints, a B rating with the Business Consumer Alliance, and a 4.3 Google Stars review.
Customers are allowed to store their precious metals elsewhere – there is no obligation to use GoldCo’s facilities.
Precious Metals Prices
A lot of people are concerned about inflation and the value of their money.
If you want to protect your wealth from inflation, investing in GoldCo precious metals like gold IRA and silver IRA may be a good investment option for you.
When the economy slips, it’s nice to know that investments can protect against inflation. When prices rise too high, many people wait for a decrease before making any large purchases.
That’s why several people have chosen to invest in gold, silver precious metals IRAs. Investing with a company like GoldCo, precious metals purchases and storage of your retirement assets are made easy.
Knowing the purchasing power of your retirement account is somewhat sheltered from currency manipulation will allow you to sleep better at night.
During the great recession back in August of 2008, the price of gold rose to new heights. From 2008 – 2010, precious metals prices nearly doubled. Rising from $845 in august 2008 to $1,415 in December 2010, it continued to reach a peak of $2,168 in 2011 before giving up ground when the dollar started to strengthen again. This is during the start of the recovery from 2011 to 2015.
How valuable would have a gold IRA have been for your retirement account from 2008 – 2010? Some traditional IRA, 401(k), and 403(b) accounts were halved. Traditional investment companies don’t have access to the same investments you would by electing to invest with Goldco precious metals.
This statistic is just one reminder of why buying gold at these low points can be a great way to protect your retirement account.
What affects the price of gold?
Several market forces can affect the cost of gold. Since gold and silver are both precious metal commodities, the market of supply and demand sets the prices.
Gold and silver have always had high demand and are difficult to mine. With the high price of gold, mining for gold has become more difficult and costly. Even if miners find a few ounces of gold, they may not cover their expenses. These expenses can include wages, fuel, equipment, trucking costs, and other overhead costs, which is why many mine owners have decided to close their mines down or decrease production in recent years.
What is the safest precious metal to buy?
The safest precious metal to purchase is Gold. It has the least volatility of all precious metals. It often holds its value in economic instability or recessions because it’s difficult to mine for gold that production costs are high.
GoldCo is an investment company that focuses on retirement savings. They are customer-centered, which means you are partners with GoldCo, and they want to make sure you understand what you’re investing in before taking your money. When a person wants to retire and start drawing funds from their account for income, the value of those investments needs to be preserved against inflation – this is where gold or silver comes into play as hedges against inflation. The fundamentals of how these metals work defensively can be found here online at Goldco’s website, so don’t hesitate to check them out if it sounds like something you might need!