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Gold & Other Precious Metals

Purchase gold and silver coins and bars
Shipped metals come with shipping insurance
Offers a buy-back program that guarantees the highest price

Requires a minimum purchase of $15,000 to open a gold IRA

Goldco specializes in gold and silver IRA retirement accounts and has been operating since 2011. The company can help you both open your IRA and purchase the gold and silver you wish to invest in.

Of course, Goldco is just one of the many precious metals IRA firms out there. Use this guide to see if it’s the right fit for you.

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What does Goldco offer?
How much does Goldco cost?
Customer ratings
More information

What does Goldco offer?

Goldco offers precious metals IRAs, as well as various IRS-approved gold and silver coins.

Precious metals IRAs

Gold and silver IRAs are Goldco’s specialty. They can help you open these accounts, fund them with a rollover from other retirement accounts, and then purchase the best-fitting investments. They can also point you toward an approved depository where you can store your metals.

In order to open an account, you’ll need at least $25,000.

Direct purchases of coins or bars

According to IRS rules, you can only purchase metals of a certain purity with an IRA. If you want to store precious metals outside of an IRA, Goldco offers various coins and bars that can be shipped to your home.

How much does Goldco cost?

Goldco itself doesn’t charge any fees. The custodian selected for your account will charge an annual account administration fee of $125. Depending on whether you choose segregated or non-segregated storage, the depository where your metals will be stored could charge between $225 and $325 per year.

Additionally, Goldco requires a minimum investment of $25,000.

Customer ratings

Not all gold IRA companies are created equal. In fact, scams are common in this industry. To be sure you’re steering clear of these scams, as well as getting the best service and investment guidance, it’s important to compare your options thoroughly. Customer ratings and reviews can help in this.

As you can see below, Goldco reviews are positive across all rating platforms. Ratings were checked on May 20, 2024.

Source	Rating
Better Business Bureau	A+
Trustpilot	4.7/5 (1,357 reviews)
Google	4.9/5 (2,497 reviews)

Where does Goldco store my precious metals?

Goldco doesn’t store your metals directly, but it does have relationships with various secure depositories across the country. Your precious metals specialist will direct you to the best depository for your needs.

Can I see how my precious metal investments are performing?

There doesn’t appear to be any customer dashboard or other way to monitor performance directly through Goldco. The company does, however, use Equity Trust and Self Directed IRA as its custodians. Both of these appear to have customer dashboards you can use to check in on your investments.

How to open an account

Goldco’s precious metals specialists can walk you through the process of setting up your account, but generally, it will look something like this:

1. Choose your IRA

You can opt for a traditional self-directed IRA or a self-directed Roth IRA. The best choice typically depends on how you’ll be funding the account. (If you’re rolling over funds from a Roth IRA, a self-directed Roth account is likely best.

2. Determine your funding source

Figure out how you’ll fund your new account. Most investors use funds from other retirement accounts, like IRAs, 401(k)s, and 403(b)s. You’ll simply roll over a portion or all of your funds into your new account.

3. Choose your custodian and fill out the paperwork

You’ll next need to choose your gold IRA custodian. If you use Goldco, its preferred custodian is Equity Trust. Once you complete the custodian’s paperwork, you can establish your IRA account and begin investing.

4. Fund your new account

Next, it’s time to fund your new account. If you’re rolling over funds, you can request the transfer by contacting your current 401(k) or retirement account holder. You may want to speak to a tax advisor first to be sure you’re in line with IRS rules and minimizing your tax liabilities.

5. Buy your metals

Finally, you’ll choose the approved gold and silver you want to buy. Goldco’s investing specialists can help you pick the right metals for your portfolio, as well as coordinate the purchase, shipping, and storage of your investments.

Pros and cons of Goldco

As with any company, Goldco has its pros and cons. Make sure you consider both before deciding where to open your gold IRA account.

Pros

Great reviews and ratings
Allows you to open an IRA and buy metals in one place
Many helpful online resources to learn from

Cons

High minimum investment
No publicly available fees or prices

How can I withdraw from my account?

Though you can technically withdraw funds from your gold IRA at any time, you will owe a 10% penalty if doing so before age 59.5. After you hit 59.5, withdrawals are tax-free.

By age 72, you’re required to start taking minimum distributions, per IRS rules.

Where to find Goldco alternatives

Goldco can help you both open your account, fund it, and purchase your gold and silver investments. Keep in mind, though: It’s not your only option. There are many precious metal IRA companies out there, so be sure to compare your options if you want the best service and rates. Use our gold IRA guide to get started.

How we rated Goldco

Our rating for Goldco was determined by reviewing companies based on several factors. These factors included BBB rating, Trustpilot rating, annual fees, educational resources, customer support, and collection of precious metal coins and bars.

Once a score was assigned, we then identified where each company stood out amongst its competitors to create our picks for what each company was the best for.

Ready to learn more about Goldco? Visit its website.

Learn More

What’s offered: Gold & silver IRAs and direct purchase of precious metals
Annual fee: Varies by custodian and depository
BBB Rating: A+
Benefits: When you’re ready to liquidate your metals, Goldco will purchase them back at the highest price guaranteed