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GoldCo Reviews: Is It a Legitimate Service? Truth Exposed!

July 19, 2022 1:30 am
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GoldCo is one of the most well-known names in the gold and precious metals IRA space. Since their inception, they’ve helped many clients diversify their retirement savings by rolling over a 401k, 403B, IRA, or other retirement accounts into one of their precious metals IRAs.

Is GoldCo just another overhyped IRA company? How do they compare to other top-rated gold IRA companies? Read our full review to discover everything you need to know about GoldCo today.

What is GoldCo?

GoldCo is a California-based precious metals IRA company that lets you purchase precious metals for your retirement accounts. They’re one of the oldest precious metals IRA companies, founded in 2006.

GoldCo lets you roll over any existing retirement account into a gold IRA like many other gold IRA companies. For example, you could roll over pre-existing IRA account into a gold IRA with GoldCo.

GoldCo currently has an A+ rating by the BBB and AAA from the Business Consumer Alliance. They also have thousands of 5-star reviews online and strong public endorsements from Sean Hannity and other famous media personalities.

Like many other gold IRA companies, GoldCo offers potential customers a free kit. You can request a free kit to learn more about how precious metals IRA works, its potential advantages, etc.

How GoldCo Gold IRAs Work

The gold IRAs offered by GoldCo are designed to provide greater stability than the US Dollar, which has lost 98% of its purchasing power since 1971. In the meantime, the purchasing power of gold & silver has remained consistent over time.

If you believe in the power of gold, investing in gold as part of your retirement accounts could be a wise decision. According to GoldCo, “based on recent trends, your IRA might exceed both the Dow Jones and the S&P 500.”

In three easy steps, you may start a GoldCo gold IRA:

Step 1: Establish a gold IRA. To secure your purchase, sign a contract. After that, agree to GoldCo’s conditions of business. At every step, you’ll be guided by a GoldCo representative.

Step 2: Put money into your gold IRA. You’ve established a self-directed IRA and need to fund it. All gold IRAs are self-directed IRAs (which allow you to invest in assets other than stocks, bonds, and other standard assets). You can roll over assets from your existing retirement accounts, such as your 401(k), 403(b), TSP, savings, or IRA accounts, to finance your GoldCo gold IRA. By rolling over or transferring these funds to your GoldCo IRA, you would have less tax liability.

Step 3: Invest in gold and other valuable metals. You can choose which precious metals to buy once your funds are in your GoldCo gold IRA. You can buy gold bullion, gold coins, and other precious metals and assets.

Approved Gold Products by Gold IRA

Different gold IRA companies will have different gold products available to invest in. However, GoldCo has a wide range of IRA-approved products in either gold or silver.

Like other gold-IRA-approved products, all gold products from GoldCo must meet a minimum fineness requirement of .995. GoldCo works with mints all over the world to maintain this requirement, including the mints of Canada, Australia, and the United States.

Some of the most popular gold coins or other products include:

  • Gold American Eagle – Type 1: The Gold American Eagle Type 1 is the official gold bullion coin of the United States Mint. It was first minted in 1986 and is stuck from 22 karat gold. It is currently available in 1 oz, .5 oz, .25 oz, or .1 oz options.
  • Gold American Eagle – Type 2: The Type 2 Gold American Eagle is struck from 22 karat gold and is identical to Type 1 Gold American Eagle, only with different images.
  • Gold American Eagle Proof: Gold American Eagle Proof coins are gold coins made from 1oz of 22 karat gold, available in four sizes – 1 oz, .5 oz, .25 oz, or .1 oz options.
  • Gold Liberty Coin: The Gold Liberty Coin features an effigy of Queen Elizabeth II on one side and the Liberty Bell on the other side. It has a face value of $25 and is produced by the New Zealand Mind.
  • Gold Maple Leaf: The 2021 Gold Maple Leaf bullion coin is made from 1 ounce of .9999 pure gold and was first minted in 1979 by the Royal Canadian Mint.
  • American Gold Buffalo: The United States Mint makes the 2021 American Gold Buffalo coin. It is the first 24-karat gold coin minted by the United States Mint.
  • Gold American Bald Eagle: The Gold American Bald Eagle features Queen Elizabeth II on one side and a bald eagle on the other. It is Struck by the Perth Mint of Australia and is .25 oz of .9999 pure gold.
  • Gold Australian Striped Marlin: The Gold Australian Striped Marlin is 99.9% gold, issued as legal tender, and produced by the Perth Mint of Australia.
  • Gold Military Guinea: Gold Military Guinea pays tribute to a British gold coin formerly accepted internationally and was struck by the East India Company of London from 0.25 oz of 0.999 pure gold.
  • Gold British Lunar Series: The Gold British Lunar Series is based on the Chinese zodiac and features a different animal each year, struck by the Royal Mint from 0.25 oz of 0.9999 pure gold.
  • Gold Australia Saltwater Crocodile: The Gold Australian Saltwater Crocodile, minted by the Perth Mint from 0.25 oz of 0.9999 pure gold, is legal currency and recognized as the Australian saltwater crocodile.
  • Gold Lucky Dragon: The Gold Lucky Dragon, created by the Royal Canadian Mint from 0.25 oz of 0.9999 pure gold, symbolizes good fortune and prestige.
  • Gold Freedom & Hope: The Royal Dutch Mint’s 2021 Gold Freedom and Hope coin is manufactured from 0.25 oz of 0.9999 pure gold. It was created to commemorate the Declaration of Independence’s 245th anniversary.
  • Gold Freedom Coin: The 2021 Gold Freedom Coin was created by the New Zealand Mint to mark the 135th anniversary of the Statue of Liberty’s dedication.
  • Gold bars: GoldCo offers a wide range of 0.9999 pure gold bars. The gold bars can be used in an IRA.
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Other GoldCo Products

In addition to gold products, GoldCo also offers IRA-eligible and non-IRA eligible silver products, like:

  • Silver Coins: GoldCo has a range of silver coins similar to the gold coins mentioned above. For example, GoldCo sells Type 1 and Type 2 Silver American Eagle coins made from 1 oz of .9999 pure silver. They also offer silver coins from the mints of Canada, the UK, Australia, and New Zealand.
  • Silver Bars: GoldCo has IRA-eligible silver bars with a .9999 fineness.
  • Chuck Norris “Five Principles: GoldCo also sells a unique product that shows Chuck Norris’ Five Principles. These non-IRA eligible coins are made from 1 oz of silver and were struck by the New Zealand Mint a few years ago. The front of the coin is engraved with Chuck Norris’ five principles to life: fitness, freedom, faith, family, and fight.

GoldCo does not currently offer any platinum or palladium coins or bars. They only offer gold and silver coins.

GoldCo claims to have the highest price buyback program on all their products, no matter what product you buy. They guarantee they’ll buy back your coins or bars at the absolute highest price if you change your mind or want to adjust your IRA holdings.

GoldCo Pricing & Fees

GoldCo has a slightly higher minimum investment requirement than most other gold or silver IRA companies. However, these fees are transparent, and GoldCo waives these fees for the first year for new clients.

Here is what you should know about GoldCo’s pricing and fee structure:

  • Annual Fees – $180 per year with additional storage fees
  • Minimum Investment Requirement – $25,000
  • Special Bonuses – First-year fees are waived for new clients, and 10% back in silver coins for new clients

GoldCo Pros & Cons

GoldCo is one of the most popular gold IRA companies for a reason. Depending on your needs, it may be the right choice for you. Here are some of the main pros and cons associated with GoldCo:

Pros

  • Non-push advisors
  • Excellent bonuses for new users, including first-year fees waived and 10% back in silver bonus
  • Highest price buyback program
  • Beginner-friendly gold IRA company
  • Excellent, diverse range of gold and silver coins and bars available, including IRA-approved precious metals from all over the world
  • Excellent ratings in customer service and overall setup

Cons

  • Higher minimum investment is needed ($25,000)
  • No platinum or palladium offerings

What Customers Say About GoldCo

GoldCo has received positive feedback on the internet, including an A+ rating from the Better Business Bureau, a 4.8-star rating from Trustpilot, and a 4.7-star rating from Google reviewers.

Customers have expressed the following things about GoldCo on the internet:

Most users have positive things to say about GoldCo workers, indicating that they had a positive experience with the company’s salespeople and customer support representatives. GoldCo users describe a simple transition from a 401(k) to a gold IRA. With the help of a GoldCo salesman, most consumers were able to set up their GoldCo account “effortlessly.”

Some consumers have expressed dissatisfaction with the gold IRA establishment and maintenance process, citing ambiguous fees, unknown gold and silver storage locations, and other annoyances. Customers have complained that GoldCo calls them many times a day, attempting to sell their gold and precious metals IRAs.

Other customers find the $25,000 deposit minimum far too high, considering other gold or precious metal IRA companies come with a smaller $5,000 initial investment.

In general, most users claim they have a positive overall experience with GoldCo, which is why there are thousands of positive reviews online. In general, GoldCo delivers on its’ promises to customers to give them a convenient, affordable way to open and use a gold IRA.

About GoldCo

GoldCo is one of the premier gold IRA companies globally, currently based out of Woodland Hills, California. The company has provided these services since 2006.

To contact the company, use the following methods:

The Business Consumer Alliance currently gives GoldCo an AAA grade, the highest rating. It also received the Financial Company of the Year Award in 2021 from the American Business Awards.

Final Thoughts

GoldCo is one of the most well-known gold IRA companies with an outstanding history of providing gold IRAs for over 15 years.

You can transfer a portion or all of your retirement savings into precious metals by signing up for their service.

To learn more about GoldCo and its services, visit their official website by clicking here! >>>

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