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Originally Posted On: https://investingin.gold/goldco-review/
Goldco has one of the most memorable names in the precious metal industry. However, the name alone is not enough to make you invest your IRA with them. You need to look through the myriad of firms in the industry before you can settle on a firm you can trust. This Goldco review examines the benefits and any possible disadvantages of opening a precious metal IRA with the company.
A Goldco overview
Trevor Gerstz founded Goldco in 2006 as a web-based precious metal retailer. The headquarters is located in Woodland Hills, California. The CEO is currently the National Gold Group’s IRA department president. The firm has since grown to encompass traditional 401(k) accounts and precious metal IRAs. The firm mainly deals in gold, but it also deals with other precious metals like silver and platinum.
Goldco has received numerous awards. In 2015, it was awarded the Los Angeles Top Gold IRA firm award by the LA Business Journal. It has well-established connections with other financial institutions like Horizon Bank and Equity institutional, giving the firm a backing of close to $12 billion.
What Goldco offers
The self-directed precious metal IRA allows a client to buy precious metals from the business. The acquisition process is fairly streamlined. Goldco customer service representatives give the client all the information concerning the precious metals they are interested in buying. This is normally done either online through the website or over the phone. The firm also handles most of the customers’ paperwork.
The unique selling point is the self-directed IRA that allows not only purchase but also self-directed storage. These self-directed IRAs are under an LLC, ensuring that their other assets are protected. The main products you can buy are silver and gold bars or coins. Occasionally, the company offers palladium and platinum coins, but they mostly concentrate on the two main precious metals.
Goldco Ratings on Consumer Review Sites
|Consumer Protection Agency||Rating||Reviews||Source|
|Better Business Bureau (BBB)||A+||3||View Page|
|Business Consumer Alliance||AAA||0||View Page|
|TrustLink||5 Stars||238||View Page|
|TrustPilot||5 Stars||475||View Page|
What We Liked about Goldco Precious Metals
Goldco have received an A+ accreditation by the Better Business Bureau, AAA by Business Consumer Alliance and a five star review on TrustLink. There are few complaints on these sites with only two in all three sites. This is an indication of the customer confidence and reputation that Goldco has.
The self-directed IRA options
Most firms that deal in precious metals offer customers IRAs that they manage themselves. However, Goldco is one of the few firms that offer a self-directed IRA as well as the self-storage gold IRA. You can personally control your IRA if you have the financial shrewdness and you can choose where to store your gold. This sets them apart from most other gold investment companies.
A simple and informative website
If you opened most financial websites, you would be bombarded by advertisements and pop-up chat requests. However, Goldco’s website is slightly different. The firm has a simple design with minimal intrusive marketing. Additionally, there is a live chart that customers can use to view the current price of Gold.
Most financial investment firms tend to use a lot of hyperbole in their advertisements. However, Goldco’s adverts seem to be realistic. The firm has no qualms with showing the prices of gold even when they are on the decline.
The bottom line
Goldco is one of the most reputable companies in the industry. There are over 200 positive reviews on BBB, BCA, and TrustLink and only a few complaints. This shows customers have a very positive experience.
Goldco’s offering is slightly different from most of the other gold investment firms. You need to perform your preliminary research on what is the best IRA for you to open. You should also decide on the custodian if you opt for the self-directed IRA and storage options. However, Goldco is ranked #2 on our list of top gold IRA companies and happily recommend their services. Click on the image below to request their free gold IRA investment kit.