Goldco Self Directed IRA Review: 2022 Update

We’ve reviewed the top Gold Investment Companies to help you to choose the right Gold IRA or Bullion investment. A Gold IRA lets you hold physical precious metals in your retirement account.  We may receive a commission from our partners but our reporting and recommendations are always independent and objective. For more, read our Compensation Policy.

9.9 Total Score
Goldco Direct

Goldco Direct helps you augment your retirement account with precious metals. You can roll over your 401(k) or other qualified retirement account into a Gold and Silver IRA or purchase precious metal coins and bullion for investment purposes. Either way, Goldco helps you preserve your wealth and protect your life savings. Read more

10% Back In FREE SILVER
9.9
Low Fees
9.5
Buyback Program
9.5
PROS
  • A+ BBB Rating
  • 5 Star Trustlink Rating
  • AAA Rating BCA
  • Consumer Affairs Accredited
  • Free storage for non-IRA transactions
CONS
  • Minimum Investment

What Kind of Company is Goldco?

goldco gold iraGoldco Direct is a full service precious metals firm  known for providing “white glove service” with expert assistance from start to finish.

The firm employs knowledgeable representatives,  and utilizes only skilled and dependable storage depositories and custodians .

For those that purchase non IRA precious metals Goldco offers fast delivery at no charge. Your assigned Account Executive pledges to provide outstanding attention to detail along with prompt and professional service. If any issues occur with your transaction, the firm will work immediate resolution.

Goldco has more than 10 years of experience in dealing with precious metals.  Their thousands of satisfied clients are a testament to their commitment to help you protect and grow your retirement savings.

More Information: Goldco offers a complementary self-directed IRA guide that can enlighten you on how to invest in gold and silver with a precious metals IRA. In the guide, you will discover all the advantages of a precious metals IRA and how the process works.

Alternatively, the Goldco website is replete with precious metals and retirement planning resources including Ebooks, videos and FAQs.

What is a Goldco IRA?

This investment is similar to a standard Individual Retirement Account but differs in that instead of  holding stocks, you may physical gold, silver, platinum or palladium in it.

The SDIRA also referred to as a Gold IRA, allows you to own physical precious metals in your retirement account. There are specific requirements and only eligible coins are allowed per IRS regulations.

401(k), 403(b), 457, Pensions and TSP accounts are eligible for a gold IRA. You can also roll-over funds from a Roth retirement account into a Roth Precious Metals IRA, or perform a Roth conversion when rolling over from a 401(k) or similar account into a Roth Precious Metals IRA.

You may not take possession of your precious metals until you start taking distributions at age 59 1/2. And a custodian must be in place to administer and track the assets in your IRA.

The Gold IRA setup process can be accomplished in 3 steps.

  1. Open an IRA with Goldco.
  2. Transfer funds from your old account.
  3. Purchase precious metals.

Is Goldco a Legitimate and Reputable Company?

Goldco is a reputable and legitimate firm with top consumer website ratings:

  • Better Business Bureau: A+ 271 reviews
  • Business Consumer Alliance: AAA
  • Trustlink.org  5/5 Stars 253 reviews
  • TrustPilot.com 4.6/5 Stars   25 reviews
  • ConsumerAffairs.com 4.8/5 Stars 655 reviews

(as of 5/13/2022)

What are Goldco's Gold IRA Fees?

Total Startup Fee $280- $330:

  • Startup Fee: $50
  • Wire Charge: $30
  • Annual Maintenance: $100
  • $100 Non Segregated Storage (+$50 segregated)

Annual Fees:$200 – $280 based on storage:

  • $180 Storage Maintenance (non segregated)
  • $150 Storage Maintenance (segregated)
  • $100 Annual Account Maintenance

Minimum $25k Investment

Does Goldco Provide their own Custodian and Storage Services?

Custodians: 

Goldco has connections with multiple reputable IRA custodians so you can choose one you feel comfortable with.

Storage:

Goldco offers multiple storage options including the Delaware Depository in Wilmington or Orange County Ca. and internationally in Canada or Switzerland.

The Delaware Depository is a fortified, state of the art secure facility. As a bonus, the state of Delaware has no sales tax on the purchase, storage and administration of precious metals.

Who Owns Goldco?

trevoTrevor Gerszt: Goldco Founder/CEO

Gerszt opened Goldco’s doors in  2011 offering physical precious metals delivered to clients’ homes and added to an IRA or 401k.

President Gerszt says, “We’re here to help investors protect and grow their hard-earned assets to ensure their financial stability-in good times and bad. We need to make sure they’re informed about the financial decisions they’re making and we are here to make sure they are.”

Goldco Direct Gold IRA Buyers Guide

goldco buyers guide

Goldco offers their Wealth protection Guide for $0 shipping/handling.

Inside you’ll discover:

  • How to add safe-haven precious metals to your portfolio.
  • Why diversification can help your savings grow.
  • How this can be done tax & penalty Free.

Does Goldco Sell Precious Metals Without an IRA?

Yes, Goldco  has an impressive selection of gold, and silver coins and bars that can be sent to your home or your chosen depository.

Their selection includes American Eagles, Liberty Coins, Maple Leafs and coins from around the world.

IRA Approved Coins and Bullion

Gold:

  • American Eagle Gold Coins
  • Australian Kangaroo/Nugget Coins
  • Austrian Philharmonic Coins
  • Canadian Maple Leaf Gold Coins
  • Chinese Gold Panda Coins
  • Britannia Gold Coins (.9999 Gold Britannia Coins Only)
  • Proof American Eagle Coins
  • American Buffalo Bullion Gold Coins
  • Credit Suisse/PAMP Suisse Gold Bars / various Gold Rounds and Bars .995

Silver:

  • American Eagle Silver Coins
  • Australian Koala Silver coin
  • Austrian Vienna Philharmonic coins
  • Australian Kookaburra Coins
  • Canadian Maple Leaf Silver Coins
  • Mexican Libertad Silver Bullion Coins
  • Chinese Silver Panda Coins
  • Britannia Silver Coins(.999 Silver Britannia Coins Only)
  • South African Silver Krugerrand Coin
  • Proof American Eagle Silver Coins

Platinum:

  • American Eagle Platinum Coins
  • Proof American Eagle Platinum Coins
  • Australian Platinum Koala Coins
  • Canadian Platinum Maple Leaf Coins
  • Isle of Man Noble Platinum Coins
  • Various Platinum Bars and Rounds .9995

Paladium:

  • Canadian Palladium Maple Leaf Coins
  • Various Palladium Bars and Rounds .9995

Goldco Videos

Is Goldco a Safe Investment?

Security: Your IRA precious metals are held, as mentioned above, in the very secure Delaware Depository or similar location and administered by the custodial financial institution. Precious metals held at a Bank or in your home carry more risk.

Investments: As with any investment, the  price of precious metals is not guaranteed to increase and do not produce income. Although gold and silver prices tend to increase when traditional paper assets drop.

Note: A Goldco BuyBack Guarantee is offered for non IRA purchases.

Are Gold and Silver IRAs a Good Idea?

Yes, investing in a Gold IRA is the best way to buy gold. Your investment will be stored safely and insured against all types of risk, including theft, loss or natural disaster. In addition, it offers specific tax benefits that other forms of investments don’t have!

For example, if you invest in a Gold IRA, you can take advantage of tax-deferred growth. This means that your gold will grow without being taxed until you withdraw it from your account. You can also take advantage of the tax-free distribution of any profits that you make when you sell your gold.

When you invest in a Gold IRA, the IRS allows you to deduct the amount of your investment from your taxable income. This means that if you are in the 28% tax bracket, for example, and invest $10,000 in a Gold IRA, then $2,800 of that investment will not be taxed.

The IRS also allows you to deduct the amount of your investment from your taxable income when you take a distribution from your Gold IRA. This means that if you are in the 28% tax bracket and withdraw $10,000 from your Gold IRA, then $2,800 of that withdrawal will not be taxed.

Goldco Complaints

There have been 17 complaints ( last 3 years), all resolved, along with 271 positive reviews posted on the BBB website.

Gold IRA FAQ

Q: Can I transfer my IRA or 401k to a Gold IRA without penalty?

A: When properly transferred or rolled over there are no taxes or penalties.

Q: What types of accounts are eligible to move into a precious metals IRA?

A: Eligible accounts include  401(k), 403(b), 457, Pensions and TSP accounts. Roth IRAs can be rolled into a Roth Gold IRA. Additionally, a  401k can be converted to Roth Gold IRA.

Q: Can I store my precious metals in my home?

A: Precious metals owned in an IRA must securely stored and managed by a custodian per the IRS. At age 59 1/2 your precious metals may withdrawn or liquidated.

Q: Am I eligible to open a Gold IRA?

A: If you have earned income, you are most likely eligible.

Q: How long does it take to open a Goldco gold IRA?

A: The average timeframe is about 2 weeks. Contact a Goldco Specialist for a more accurate assessment.

Q: Does my distribution have to be precious metals?

A: No, you can ask Goldco to liquidate your holdings into cash.

Goldco Reviews

Goldco was great in answering all of my questions in a very professional and caring way. They were prompt in keeping me informed of this process each step of the way. I feel more confident that my finances are more secure than ever before. Thank you for working with me to complete this transaction, for welcoming me into the Goldco family, and for providing great customer service.

I have purchased precious metals twice now with Goldco. My representative has always been very cordial and professional. He spent quality time answering my questions and made both my experiences very positive. Goldco has earned my trust.

Everyone I have interacted with at Goldco has been very helpful and professional, ready to answer all of my (many) questions. This was a new experience for me and they took the time to explain everything I needed to know about purchasing precious metals and converting my IRA. I have peace of mind in my decision to work with Goldco. I couldn’t have asked for a smoother transaction or more pleasant customer service.

Conclusion

In conclusion we can wholeheartedly recommend Goldco Direct for either precious metals purchases or a Gold IRA.

a review of the many accolades received by Goldo include 1000+ 5 star reviews, 5 time Inc500 winner, AAA customer rating, and 2021 Company of the year.

Add to the above a reasonable fee schedule, solid, secure storage and a 10% free silver bonus. These are the reasons why Goldco is the leader in Gold IRAs.

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