Overview of Goldco Precious Metals
Goldco Precious Metals is based in San Diego, California. It was founded in 2006 and has a good reputation as a seller of gold, silver, platinum and palladium. It offers services such as secure storage, portfolio management and IRA rollovers.
In this review, we will examine the advantages and disadvantages of using Goldco Precious Metals.
Company History
Ken MacAskill and Michael Gasser, two certified public accountants, founded Goldco Precious Metals in 2006. They had knowledge of stocks, bonds and commodities markets. For 15+ years, they've helped clients from Fortune 500 companies to individual investors make decisions about buying gold and silver coins.
Goldco got its start in LA's Brentwood neighborhood. It then expanded with offices country-wide. In 2008, Goldco created an online store. This let customers buy gold and silver easily and securely.
In 2017, Goldco became a direct IRA custodian, backed by New Direction IRA. Customers could transfer assets from existing retirement accounts or buy them using self-directed IRAs.
Goldco's commitment to customer service, and its innovative LLC setup program for decentralized crypto storage portfolios, has earned it a reputation as a top US precious metals dealer.
Types of Precious Metals Offered
Goldco Precious Metals provides US customers with a wide variety of physical gold, silver, platinum and palladium products. These are all offered at competitive prices with no extra fees or commissions. Plus, Goldco offers free shipping on every purchase! They also provide storage solutions for self-directed Individual Retirement Accounts (IRA).
The selection of precious metals Goldco offers includes:
- Gold: Bullion bars and coins, U.S. Mint American Eagles, Canadian Maple Leafs, Krugerrands and more.
- Silver: Bars, rounds, coins like US American Eagles, Canadian Maple Leafs and Mexican Libertads.
- Platinum: Bars and coins such as U.S Mint American Eagles, Australian Koalas etc.
- Palladium: Bars from PAMP Suisse plus coins from countries like Russia’s Polar Bear Series.
Services Provided
Goldco Precious Metals is an investment firm. They are based in Burbank, California. They offer services like secure storage and 24-hour customer service. Goldco buys coins, bars and rounds made from gold, silver and platinum. They are licensed and can get products from mints like the U.S. Mint and the Royal Canadian Mint. Plus, they buy back coins customers already own.
For storage, they use well-insured third-party vaults in North America. Metals stored here are tracked and updated daily. Goldco customers can access their accounts online or on their mobile app.
Staff members at Goldco are experts on investing in physical gold and other metals. They help clients reach their financial goals. Goldco believes physical gold is a wise investment for the long-term. They believe it helps protect against market risks.
Customer Reviews
Goldco Precious Metals is a go-to gold and silver dealer. Customers are satisfied with their helpful customer service and competitive prices. Plus, they love the fast and safe shipping too!
Let's investigate customer reviews of Goldco Precious Metals further.
Positive Reviews
Goldco Precious Metals has earned glowing reviews – both from industry sources and customers. The BBB gives Goldco its highest A+ rating, based on customer feedback. Forbes magazine recommended Goldco. Trust Pilot, and consumeraffairs.com rate Goldco 5 stars out of 5.
Customer testimonials have been posted directly on the company's website. People praise the quality of service from Goldco's representatives. Transactions are handled quickly and efficiently. Customers report having their expectations exceeded with both initial and ongoing investments, such as IRAs and 401Ks.
Customers are delighted with Goldco's products and services. This is true for those investing for long-term or short-term gains:
- Long-term gains
- Short-term gains
Negative Reviews
Goldco Precious Metals may not please all customers. Although some customers had positive experiences, others had negative issues. We've included a selection of negative reviews below.
The main problems cited were slow delivery times and difficulty finding info on the website. Other complaints included difficulties getting refunds or returns, and feeling pressured into signing up for programs.
It's important to note that these reviews are a small fraction of the customer base. Many people praised Goldco for their helpfulness, quick response times, and excellent products and services.
Overall Customer Satisfaction
Goldco Precious Metals is a leader in the online precious metals trading market. They provide a secure platform for buying gold, silver and other valuable metals. Customer satisfaction is their top priority.
Reviews from customers show us how satisfied they are when they invest with Goldco. Consistently, they praise their prices, staff and fast delivery times.
Customers feel comfortable buying precious metals as they trust Goldco's credentials and reliability. They also appreciate the personalized service, advice and market updates.
However, some customers report delays in support tickets and inefficient responses. Plus, it's hard to reach out during third-party transactions involving money transfers or transfers of ownership.
Overall, customer feedback is mostly positive. Most reviews show good experiences when investing through Goldco Precious Metals.
Pros and Cons
Goldco Precious Metals is an esteemed gold IRA custodian. They have been aiding customers since 2006, to invest in gold, silver, and other precious metals. They offer various services. However, to decide if investing with them is right for you, it's essential to weigh the pros and cons.
Let's delve into the specifics:
Pros
Goldco Precious Metals is a great company for gold, platinum and silver products. Certified coins, bars and rounds are available! Plus, you can buy one-time, get IRA investments, or do automatic monthly orders.
Here are the pros of working with Goldco:
- Highly Reputable: They have an A+ rating from the BBB.
- Wide Selection: Rare coins, special bars and rounds available.
- Clear Pricing: Prices and fees are known before purchase.
- Custodian Services: Account documentation is maintained for clients. Streamlined and simple funding!
Cons
Researching Goldco Precious Metals reviews can be beneficial. Let's take a balanced look at the pros and cons. Here are the main cons:
- Fees: Goldco charges storage fees. These can add up quickly if you're using their depository service for large holdings.
- Variability: The value and price of gold, silver, platinum and palladium can change significantly. So, returns may not always be as expected. To reduce risk, diversify your portfolio.
- Taxes: Charges may be applied when you purchase or sell precious metal products. Research regulations in your area to ensure budgeting requirements are met.
With the right research and understanding, you can invest with Goldco Precious Metals if you consider the costs and risks.
Pricing and Fees
Goldco Precious Metals stands out! They have no minimum buys. Free shipping on all orders! Plus, they have great prices on gold, silver, and other metals. Let's explore their pricing and fees. See what perks they have!
Transaction Fees
Goldco Precious Metals has transaction fees for products bought on their website or over the phone. The fee varies based on the size and type of purchase. For 100 ounces or less of gold/silver coins/bars, there is a $19-$29 fee plus delivery charge. Over 100 ounces but up to 500 ounces, charges are 4% plus delivery cost. International payments incur a 3% international payment processing fee.
IRA housekeeping fees range from $95-195 annually according to purchase amount. Account setup fees differ for an IRA and non-IRA account.
- Goldcop IRA = $49;
- Silver IRA = $49;
- non-IRA gold/silver = $19;
- GIA diamond pendants =$99.
These fees don't apply to subsequent purchases with the same account.
It's important to consider cost differences when investing. This can help you decide which product is best and make an informed investment decision.
Storage Fees
Storing your gold with Goldco Inc is easy, safe and affordable. Fees depend on the size of your account and the storage location. All account sizes can enjoy the same benefits, such as secure storage in Fort Knox-level vaults and tax-deferred growth and liquidity.
- For Small Accounts, 1 – 14 ounces of gold:
- IDIC insured vault – $8/ounce/year; minimum $95 annual fee.
- For Medium Accounts, 15 – 99 ounces of gold:
- Vault $4/ounce/year; minimum $345 annual fee.
- For Large Accounts, 100 ounces or more:
- Vault $2/ounce/year; minimum fee waived with 250oz accounts or higher.
Goldco offers optional third-party insurance coverage. This covers theft from deposits and external forces such as natural disasters or financial market disruption. The fee depends on the size of the account and metal type stored (gold vs silver).
Gold IRA Rollover Fees
Investing in gold? Rollover your IRA or 401(k) into a Gold Individual Retirement Account. This is called a “rollover“. You need help from a precious metal dealer for this process.
Fees come with this rollover. Transfer fees to move funds out of an existing account, opening fee for setting up the new account, and storage or depository-related fees depending on the depository chosen. Ask questions and understand all applicable charges before you transfer or invest. Could be big costs!
Conclusion
Goldco Precious Metals provides heaps of services and products. From retirement accounts to gold and silver coins. It's A+ rated by the Better Business Bureau. Plus, many customers trust Goldco. They offer an extensive support system to give their customers confidence to make decisions.
In conclusion: Goldco is reliable and trustworthy for investors diversifying their portfolio with gold and silver.
Summary of Goldco Precious Metals
Goldco Precious Metals is a renowned precious metals dealer. They've been serving customers since 2005. Thousands trust them nationwide.
Goldco offers competitive prices and secure storage. Low pricing and safekeeping fees are included. They also educate customers on investing and trading safely. Plus, they help with the purchase of rare coins like historic pieces or ones from selected mints.
Assistance with domestic and international transfers is available. They assist with retirement account transfers too. Goldco has an excellent support team for quick customer inquiries and responses.
In conclusion, Goldco is an excellent choice for adding to portfolios.
Final Recommendation
Our investigation of Goldco Precious Metals has revealed they are an ideal choice for those planning on investing in gold, silver, and other precious metals. Their services are comprehensive and their customer service is unparalleled.
The most outstanding element of Goldco Precious Metals is their dedication to giving customers the best advice and support available. Their team of professionals are proficient, responsive, and always ready to go the extra mile to ensure clients comprehend all elements of investing in precious metals. They're also open about fees and costs, making them a dependable company.
In conclusion, Goldco Precious Metals provides a safe platform for those wanting to add physical gold, silver, or other precious metals to their portfolio, as well as an uncomplicated way to hedge against inflationary risks. If you want a reliable partner who can assist you in making the most out of your investments in gold or silver, then Goldco Precious Metals is your perfect option.
Frequently Asked Questions
Q: What is Goldco?
A: Goldco is a company that specializes in helping investors add precious metals to their portfolios. They offer a variety of products, including gold and silver bullion, coins, and IRA accounts.
Q: How do I buy gold or silver from Goldco?
A: To buy gold or silver from Goldco, you'll need to create an account with them first. Once your account is set up, you can browse their selection of products and place an order online or over the phone with one of their representatives.
Q: Is Goldco a reputable company?
A: Yes, Goldco is a reputable company with a strong track record of helping investors add precious metals to their portfolios. They have an A+ rating with the Better Business Bureau and many positive reviews from satisfied customers.
Q: What kind of fees does Goldco charge?
A: Goldco charges various fees depending on the product or service you're interested in. For example, they charge an annual custodian fee for their IRA accounts, and a markup on the price of the precious metals they sell. You can find more information on their website or by speaking with a representative.
Q: Can I store my precious metals with Goldco?
A: Yes, Goldco offers secure storage options for their customers' precious metals. They partner with several reputable storage companies to provide options for both domestic and international storage.
Q: What are the benefits of adding precious metals to my portfolio?
A: There are several potential benefits to adding precious metals to your investment portfolio. Precious metals like gold and silver can serve as a hedge against inflation and market volatility, as well as a store of value during economic downturns. Additionally, holding physical precious metals can provide a level of diversification that other assets, like stocks and bonds, may not offer.
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