Goldco is a top-rated precious metals IRA that has been in the business for more than a decade.
It’s a no-nonsense, easy-to-setup service, replete with a wide range of options to customize its services to your liking. The owners are veterans of the precious metals industry and have a strong interest in helping new clients make accounts painlessly.
What makes Goldco so great?
Well, for one thing, they’re really good at customer service. Goldco is known for being very responsive and helpful when it comes to setting up your account. The application process is simple and painless, and they’re very supportive.
They’re also extremely proactive, responding to any questions you may have in a timely manner. If you have any issues with the service, they’ll be very quick to respond.
To get started with Goldco, simply visit their website and follow the instructions you find there. One of their representatives will reach out to you and give you more details about the process, as well as explain their terms and conditions.
Customer Service: 5/5
This is one of Goldco’s specialities. They’re very open to new clients and have an extensive list of investment options.
They offer inexpensive storage facilities for precious metals, straightforward account setup, and other low-cost options. Goldco’s top-notch customer support is available 24/7, and they have a detailed knowledge of the industry.
Their customer support specialists have an excellent reputation in the industry. They’re eager to provide learning resources to help you educate yourself on the ins and outs of the industry, and they even run an active and informative blog on their website.
Expenses and Fees: 5/5
Goldco’s fees aren’t the lowest in the industry, but they’re very competitive. They charge a one-time setup fee of $50 for your gold IRA, as well as $100 annually for storage. That said, your fees are waived for the first year if you make an initial deposit of at least $50,000, which brings us to another point.
The initial deposit fee of $25,000 can feel relatively steep, but it’s actually a lot less than most of its competitors.
That makes Goldco an excellent option for first-time clients, which is one of the markets that they focus on. Indeed, Goldco is an excellent option for protecting your savings in the event of rapid inflation or some other financial crisis.
Storage Options: 5/5
This gold IRA company offers low-cost storage facilities for precious metals.
Goldco will store your precious metals in a third-party vault, using only secure and approved depositories.
They offer both segregated and non-segregated vaults for your gold, meaning that you can choose whether to receive back the exact same deposit that you put in or a different unit of gold.
That obviously makes no difference if you’re just depositing generic gold bullion, but if you have unique gold coins to preserve, you’ll want segregated storage and the fact that Goldco offers it is a great advantage.
Goldco by default uses the non-segregated Delaware Depository for storage.
It’s a state-of-the-art facility, but you can choose other storage sites if you want to keep your metals segregated.
The company recommends that you choose a Self-Directed IRA as your custodian, but you can choose your own as well as your own storage facility, so long as it meets the standards for IRA depositories.
