In this Goldco review we will explore some of the reasons to invest in precious metals along information you need to know to make a decision on whether Goldco is the right gold IRA company for you.
Why Invest in Precious Metals?
Investing in gold during economic uncertainty can be a great way to protect your wealth. Gold is often seen as a safe-haven asset and its value tends to increase when the value of currency decreases. This means that when the economy weakens, gold prices usually rise as investors seek a secure store of value.
Furthermore, gold is also viewed as a hedge against geopolitical uncertainty, providing an additional layer of protection should any global crises arise. Stocks and bonds are generally better investments for retirement portfolios, but owning physical gold can be a great way to hedge against economic downturns. Ultimately, investing in gold during times of economic uncertainty can provide peace of mind and financial security.
Stock markets can be volatile at times; inflation could rise, or the US dollar’s strength could fall considerably and undermine cross-border profits. Taxes, commodities prices as well as how much we’re worth are all influenced by politics and elections. There is however an option to avoid market volatility and safeguard your investment capital in the most efficient way.
Your invested capital will surely be eroded in some or all of these instances. Gold and silver have proven to be an effective way to protect asset value for centuries, which is why they are often called real commodities.
Unlike gold or silver, the US dollar is not backed by any physical commodity. It is backed by trust in the US government. Increasingly, investors are seeking the safety of gold to protect their savings because of these reasons.
Gold IRAs are a smart way to invest in physical gold, and many investors have been interested in learning more about Goldco, one of the largest gold IRA providers.
Who is Goldco?
The company was founded in 1995 with the help of Trevor Gerszt, Goldco is an investment firm in precious metals which also offers the brokerage of precious metals. As per IRS rules, Goldco assists investors in creating self-directed IRA accounts.
In establishing lasting and enriching business relationships, Goldco has built a huge client base. Goldco’s goal was to provide its customers (even new investors) with transparent and trustworthy solutions for creating auto-directed IRA account and to invest in gold.
According to him an investment portfolio that is well-diversified should consist of a balanced mix of physical assets , such as precious metals to provide security from the effects of macroeconomic and political change. As an investment company in precious metals, Goldco aims to provide its clients with a risk-averse strategy.
As opposed to being managed through an IRA account the ownership of precious metals is entirely by an investor. Goldco has established itself as a major presence in the market due to Gerszt’s principal goal was to trade silver and gold, and not attempting to use other services and skills.
- Gold and silver IRAs are provided
- 401(k) Rollover Assistance
- Self-storage gold IRAs for investors
- Buying and selling non-IRA precious metals and bullion
Precious Metal IRAs from Goldco
A precious metal IRA can be purchased by anyone aged 70.5 or younger. A precious metal IRA may include gold, silver, or a mix of the two. In addition to guiding its customers to buy the option that best suits their investment profiles, Goldco follows all IRS guidelines and regulations.
Goldco has partnered with third-party custodian companies to store customers’ precious metals in ultra-modern vaults throughout the country. If you are looking for variety, Goldco has partnered with several other custodial companies in addition to Equity Trust Company.
Apart from providing very competitive market rates for the buyback of precious assets, Goldco has a very transparent policy regarding their rates. Even when nearing retirement, Goldco customers do not have to sell back their precious metals.
Gold, Silver, and other Direct Purchases from Goldco
Any willing investor can directly purchase gold or silver from Goldco’s product stock without any restrictions. It is up to direct purchase customers whether they wish to store their precious metals in a vault or directly take possession of assets.
The required minimum purchase at Goldco to start a gold IRA is $25,000. Goldco’s preferred Custodian charges a flat annual account service fee which includes a one-time IRA account set-up fee of $50, as well as a $30 wire fee. Annual maintenance is $100, and storage is $150 for segregated storage or $100 for non-segregated storage.
Fees for gold storage and custodianship can vary depending on the company you select to handle these services (required by the IRS, as all IRA assets must be managed by a custodian). Depending on the Custodian, storage fees can range from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1% annually. Goldco does not charge any storage fees for cash transactions over $25,000.
Is Goldco The Best Gold IRA Company for You?
Goldco is a great company for people looking for opportunities to diversify their asset portfolio by buying precious metal assets. Goldco helps investors to set up self-driven precious metals IRAs. For investors looking to retain total control of their investment portfolio, a self-directed IRA is the best option.
- Investing in US dollars or purchasing stocks can fail for many. However, precious metals have been consistently profitable for hundreds of years despite market fluctuations.
- As many experts predict, the biggest financial crisis in the history of the United States may be around the corner. Coupled with a currency whose value is dropping, the financial implications can be devastating.
- Prior to signing off on anything, Goldco makes sure its customers are well-versed in the entire process and the benefits of investing in gold and silver IRAs.
It is Goldco’s commitment to customer confidence that makes it an ideal dealer for new and experienced precious metals investors alike. Investing with Goldco means working with industry professionals with decades of experience.
When explaining complex industrial jargon to customers, Goldco’s agents and staff use simple language. Goldco’s seamless processes and employees’ eagerness to help have made it universally accepted by both new and experienced investors.
The reason gold and silver IRAs have become so popular among non-expert investors is because they are much easier to master than stocks and bonds. Customers of Goldco have the option of buying back precious metals assets to grow their existing accounts.
What Are the Benefits of Putting Gold in Your IRA?
Your retirement and the financial security of your family are protected with Individual Retirement Accounts (IRAs). You can set aside tax-protected savings in these special accounts.
To ensure a secure retirement, you should allocate a significant portion of these accounts to solid and reliable assets. If you have cash in an IRA, it is devaluing rapidly and inflation is out of control. The best asset for this is gold, since it is dependable, retains its value, and even increases in value over time.
Uncertainty has never been greater and investors are protecting themselves by placing physical gold in IRAs during lockdowns, shortages, wars, and inflation. These crises negatively affect most other assets, but gold IRA investments prosper.
When you know the economic risks and do nothing to protect yourself and your family, you are at risk. In a gold IRA with Goldco, you can protect your financial future by knowing the economic dangers and taking action.
How is Goldco Different from Other Gold IRA Companies?
1. Extraordinary White Glove Service
Goldco guides customers through the steps of the rollover to help make the process simple and easy. The direct transactions of silver and gold are also available to safeguard and diversify cash and savings accounts.
2. Industry Expertise and Resources
The Goldco Wealth Protection Kit is only one of the many parts of the library of top guidebooks and reports are available free of charge to prospective and existing customers as well as customers. The reports are free to prospective and current customers. Customers can also get access to Goldco specialists and customer support team via email, phone chat, or email.
3. Reliable and trustworthy
Goldco was a premium metals leader for over 10 years. It is based on unshakeable foundation of ethics. Goldco has earned an A+ rating with the Better Business Bureau with an A-rated rating from the Business Consumer Alliance, 5-Time INC5000 Award Winner, 2021 is the year for the company of the year and thousands of glowing reviews from our customers.
4. Special Customer Promotions
Goldco offers a variety of offers throughout the year, to assist customers in maximizing their profits on their purchases. A few examples include the reimbursement of IRA costs or a percent of the transaction with free silver.
5. Excellent Buyback Program
If a customer chooses to sell the metals bought from the company Goldco can provide the the best price possible for each customer to be the best deal to ensure that every customer is. Goldco can be so sure in its buyback prices that encourages customers to visit Goldco first.
Goldco’s IRA Specialists Are Always Available
IRA specialists at Goldco are always available to assist customers throughout the process. Goldco’s customers are assigned an expert agent from the beginning to the end.
In addition to answering customer questions, Goldco’s specialists explain the whole process to customers, as well as clarifying anything that needs clarification.
The main goal of Goldcos salespeople is not to close sales, but rather to ensure customers are well-informed and confident.
Gold IRA Rollover Services
When considering an IRA rollover, there are some important things to know.
First, transferring funds from an employer-sponsored plan, such as a 401K to a Gold IRA is easy and can be done through a service like Goldco.
Second, an IRA rollover provides flexibility when changing or leaving a job. It’s also a convenient way to take your old 401(k) or other workplace retirement accounts and combine them with an IRA.
Third, there are rules that must be followed when doing a 401(k) rollover to an IRA, including the process, timing, costs, and more. Finally, some services may charge account fees for the rollover service. Knowing these facts can help you make the best decision for your retirement plan.
Storage Options Offered By Goldco
In addition to establishing rigorous legal policies for precious metal investments, the IRA delegated precious metal storage services to third parties. In all its storage facilities across the country, Goldco has formed a partnership with leading depositories that rely on advanced security technology.
As soon as Goldco receives your sign-off, your precious metals will be placed in Delaware Depository. If you prefer, you may place them in your preferred depository. Delaware’s depository has more than 200 years of experience and uses Class 3 vaults for extra security.
Goldco Review Final Thoughts
A top recommendation for investors has been earned by Goldco based on our exhaustive research. Since it is difficult to fault Goldco’s professional attitude or services, we have rated them 4.9 out of 5 stars.
As a result of its 15 years of experience, many types of investors highly value the company’s services. Goldco’s professional services are highly rated by TrustLink, Consumer Affairs, and TrustPilot.
Furthermore, Goldco has outstanding ratings from the Better Business Bureau and the Business Consumer Alliance.
Investors can set up gold and silver IRAs, purchase physical assets, and self-direct their portfolios through Goldco’s whole business operations.
Taking a keen interest in offering quality customer service, relevant education materials, and a well-trained team of industry professionals has allowed Goldco to achieve this dream. This mentality has paved the way for positive reviews and a growing list of repeat customers for Goldco.
We recommend Goldco because they have established themselves as a trustworthy and well-recognized company for precious metal investment.