Goldco Review

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People are constantly looking for ways to invest their money. Unfortunately, not everyone is always lucky to get the best investment opportunity.

The precious metals industry has so far proven to be a viable investment tool for many people in the country. That’s where Goldco comes in.

Before we get started with this review:

We understand how difficult it is to pick a company that you can trust with your hard earned savings. That's why we create informative and useful information to give you as much knowledge as possible to make the right decision.

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About Goldco

goldco homepage

Goldco is one of the most popular precious metal companies in the world. It has been in operation for more than ten years. Its objective is to help customers protect their retirement savings by transferring them to the existing retirement account over to silver and IRAs.

Most people love working with Goldco because of its vast experience in precious metals investment. The company also provides direct sales of silver and gold to customers across the country.

If for example, you have a savings account, a specialist from Goldco can easily help you diversify your funds with precious metals. Besides, the company offers great customer service 24 hours seven days.

Pros and Cons of Goldco

Pros
  • Customers are not charged any fees within the first year
  • New customers get back 10 percent of silver coins
  • They have specialists who offer guidance to ensure you make the right decision
  • They won’t force you to invest in something you don’t want
Cons
  • The minimum investment for new customers is $25,000
  • There are no palladium or platinum options

Why Invest with Goldco?

There are many reasons why you should consider working with Goldco to boost your investment portfolio. Many people focus on saving or end up investing all their money in the stock market oblivious of the risk they are getting into. In case of high inflation or if the stock market crashes, it means that all your investments go down the drain.

But if you have invested some of your money in form of gold and silver, it is less likely that you will be affected by inflation and other market forces. Your precious metals will still be intact and you can convert them into cash anytime.

Another reason why you should invest with Goldco is to secure your financial future. Time flies and within a few years, retirement will be knocking at your door.

Investing in gold and silver makes it easy for you to convert the precious metals into cash without the usual hustle associated with other retirement schemes.

Investing in precious metals is also better than investing in the real estate market. This is because the price of silver and gold is always on the rise, unlike rental property that can be hit by inflation.

Besides, you may find it difficult to convert your real estate property into immediate cash as is the case with precious metals. In other words, investing with Goldco is a great way of protecting your wealth.

Precious Metals IRA

customer service awards

Setting up gold and silver IRAs is one area that Golco specializes in. Precious metals IRAs allow you to enjoy tax benefits related to traditional IRAs. Some of the benefits include the ability Retirement Savings Contribution Credit and the ability to defer taxes.

Besides, some precious metals IRAs can automatically be transferred to your dependents without the need to pay inheritance taxes.

With a silver or gold IRA, a customer can hold their investment in precious metals instead of stocks and bonds as is the case with traditional IRAs. This allows you to enjoy all the benefits related to diversifying your investment portfolio.

Steps of Setting up a Gold IRA with Goldco

It is simple to set up a precious metals IRA using Goldco. Below are the steps you can follow to get started:

1. Open Your IRA

The first step is to visit their website and sign up for an agreement form and understand the trading terms of Goldco. There are company representatives always on standby to guide you throughout the process.

You should then enter the required information and choose how you are going to fund the account.

2. Fund Your Self-Directed IRA

After setting up your account, the next step is to decide which silver or gold you would like to buy for the account. There will be a company representative to take you through various options to ensure that you make a sound investment decision.

Before making the final decision, you should be clear as to whether you prefer bars, coins, or a combination of the two. Most people prefer bars because they are tangible gold and available in different sizes.

The value of silver and gold bars depends on the weight of the bar as well as the current price of the precious metals.

3. Purchase Your precious metal

After deciding which precious metals you want and funding your account, the last and final step is to effect the purchase.

It is also important to note that there are limits or caps when it comes to the amount of gold or silver coins that one can hold in an IRA because of government regulations. But even with the restrictions, Goldco still provides a great selection of silver and gold coins and bars.

Below are some of the available options:

Gold

  • Gold American eagle coin
  • Gold Buffalo coin
  • Gold American bald eagle coin
  • Gold lucky dragon coin
  • Gold maple leaf coin
  • Gold American eagle proof
  • Gold Australian saltwater crocodile coin

Siler IRA Coins

  • Silver American eagle coin
  • Silver American eagle proof
  • Silver World War 1 coin
  • Silver lucky dragon coin
  • Silver maple leaf coin
  • Silver WWII victory coin

How do IRA Rollovers Work?

A rollover IRA is a term used to describe an individual retirement account (IRA) funded by moving money from a TPS, 401(K), 403(k), or related retirement account into an IRA.

The major difference between an IRA and a 401(k) is that an IRA is usually opened by an individual instead of being issued by the employer.

With a rollover IRA, you can use current retirement funds to diversify your investment portfolio. By investing in a self-directed IRA, you are exposed to a wide range of investment options like a gold IRA rollover.

Rollover IRAs are normally created when a person is retiring or changing jobs. This is to allow employees to transfer their existing 401(k) or any other retirement account balance into an IRA account.

When implementing an IRA rollover, money from the current tax-advantaged accounts is rolled over into a new IRA-tax-free account. One can even roll over money from several retirement accounts into one self-directed IRA.

This makes it easier to consolidate and manage all your retirement savings.

As far as a gold IRA rollover is concerned, investors can reduce their tax exposure because distributions are usually subjected to ordinary income tax rates.

Is it possible to Roll a Traditional IRA into a Gold IRA?

Yes, it is possible to roll traditional IRA funds into a gold IRA. However, certain guidelines must be followed when investing in precious metals. They include the following:

  • Gold must be stored by a custodian
  • The gold must have a purity of 99.5 percent or fineness of 0.995
  • Preowned gold cannot be included in a gold IRA

Benefits of a Gold 401(k) Rollover

When contributing to a gold IRA as part of your retirement investment, you are buying actual gold, unlike gold EFT that only shows you have interest in gold. Below are some of the benefits of investing in a gold IRA:

  • It protects you against the effects of inflation
  • Protects you against currency devaluation
  • Helps you diversify your investment portfolio
  • It has similar tax benefits as traditional IRA
  • It is less susceptible to government seizure

How to Get Started

gold investing information kit

Starting your precious metal investment journey is simple, especially if you are with experts like Goldco. Although anybody can easily start investing in precious metals IRAs, it is important to ensure that you have adequate information about gold-backed IRAs.

Below is a quick guide on how to get started:

1. Choose Your IRA plan

To get started with precious metals investing, you must begin with a self-directed IRA. If you are a new investor, the first thing is to open a new IRA account.

It is highly recommended that you consult precious metals tax experts to ensure you are following all the existing regulations.

2. Select a Custodian of Your Precious Metals

According to IRS regulations, gold and silver IRA assets must be stored by a custodian. Choose a reputable custodian like Goldco to avoid disappointment in the future.

3. Choose Your Precious Metals

When selecting precious metals, you should bear in mind that those precious metals must fulfill certain IRA regulations to avoid future mistakes.

That’s why you should closely work with a precious metals expert to ensure that you choose the right types of silver, gold, and other precious metals.

4. Buy precious metals

After deciding which precious metals to invest in, you can go ahead to buy them and discuss with your custodian how they will be stored. The custodian will safely keep your assets at a bullion depository where you can access them whenever you are in need.

IRA Approved Precious Metals

When starting to invest in precious metals, it is good to know which precious metals to purchase. Below are IRA-approved gold and silver coins:

  • Gold buffalo
  • Gold American eagle
  • Gold lucky dragon
  • Gold maple leaf
  • Royal mint lunar series coins
  • Gold Australian saltwater crocodiles
  • Silver- 0.999
  • Platinum – 0.9995
  • Palladium – 0.9995

Is the Dollar About to Collapse?

There has been a lot of uncertainty concerning the currency market for some time now. Because of the volatile nature of the stock market, many investors are starting to look in different directions to protect their investments from global instability.

What Factors Impact Paper Currency?

Many factors can affect the paper currency. They include things like politics, elections, wars, national debt, government expansion, and global pandemics. Besides, there are still some political factors that impact the strength and weakness of the dollar.

Changes in foreign reserves, worldwide events, the strengthening of other world currencies, and turmoil in other countries can also affect the dollar.

Additionally, manipulation of currency by other countries may also affect the dollar. It is important to take into account all these factors when investing in precious metals.

Customer Service

Goldco has great customer service. You can confirm this with customer feedback from their website. The company has a 5-start rating from the majority of its customers. The company has a policy that prioritizes customers over everything else. The team at the customer service understands a lot about precious metals and is always prompt to answer customer queries.

Goldco Fees

Goldco offers some of the best rates in the market. The price of gold and silver depends on their weight as well as the current market price. The company charges fees depending on the type of services customers seek.

IRA Approved Precious Metals

Goldco has been in operation for more than 10 years. The main objective of the company is to help investors convert their retirement funds into precious metals. History has taught us how the future can be uncertain.

With the fear of inflation and political instability, it becomes difficult to continue relying on some investment options like the stock market and real estate.

That’s why companies like Goldco have continued to gain popularity among many investors in the country and around the world.

Ever since it started its operations, Goldco has helped many people store their preserve their wealth in form of precious metals. The company has great customer service with reasonable fees.

Real Customer Reviews

"This is my second business transaction with Goldco. I am very pleased with my prompt service through my reliable representatives Carl, David, and Diana. My first transaction was a self directed IRA where I pulled my retirement and transferred it to gold/silver. 

The entire process went well without incident. I like having the personal connection to my representative as well his personal contact information so I can contact the individual I have become to trust on an intimate level, it is a excellent way to do business.

I have now sold one of my rental properties and used the proceeds to buy more gold/silver. It was as easy as picking up the phone, calling Carl.

Again, no stress, very professional and personal. I would never consider another company as I feel secure in my decision of doing business with Goldco.

Thank you, Ed."

- Ed of Providence Forge, VA on Consumer Affairs

"Working with Tony Pino has been a pleasure! Very knowledgeable, and always accessible. I feel I've been well informed, and was lead in the right direction regarding my long term goals! 

Thanks again Tony!"

- Tom W. on BBB

"I received a IRA account when I divorced, and I wanted to protect it in this volatile market. I did my research, and chose Goldco as my very best option. 

The employees were kind, patient, and knowledgeable. My account was handled professionally and they were always kind and helpful. I would use them again in a heartbeat!"

- Barbara on Trustpilot

"This is the very first time buying precious metals from a company for an IRA account. The people at Goldco made the experience very comfortable and pleasant. 

They were very knowledgeable and made me feel confident in what I was doing. They always and I mean always called me when they said they would and always called me back if I had left a message or had questions.

I did my research and found Goldco to be a very reputable and honest company. There is a reason why they come highly recommended. If you are looking for a precious metals IRA, I would recommend Goldco hands down.

Thanks Goldco!"

- Michael C. on Google

Is Goldco a good company to invest in?

In general, Goldco has proved to be one of the most trusted and reliable precious metals dealers. For the time it has existed, the company has managed to transform the lives of many people through sound investment.

They have a team of experts and professionals with years of experience in precious metals.

At EximBankIndia we have analyze hundreds of gold companies and written about them extensively on this website and Goldco has consistently placed at the top of our ratings scale.

For the reasons stated in this review, Goldco is our #1 recommendation for folks looking to investing in gold and other precious metals, whether it's rolling over a 401k into a gold IRA, or simply making cash purchases.