Are you beginning to think more about your retirement? Do you worry about whether you'll have enough saved to cover all of your expenses while still letting you enjoy your retirement years? Investing money in the stock market is one way to grow your wealth, but relying too heavily on the stock market can definitely backfire.

If all of your retirement savings is held in stocks and bonds, what will you do if the stock market takes a major downturn right as you're ready to begin enjoying retirement? Rather than investing all of your money in the stock market, it is a sound financial decision to diversify your portfolio and invest some of your money in gold and other precious metals.

Goldco is one of the many gold investment companies out there. In addition to helping you invest money in a Gold IRA retirement account, they also offer personal investment options to let you purchase gold and silver bars and coins to hold on your own or pass down to future generations.

However, since there are so many different gold investment companies, you may be wondering what's so special about Goldco. If so, you've come to the right place. We've put together a comprehensive review of Goldco, the services they offer, the support you'll receive, and the various investment opportunities you can take advantage of. We'll share more in the next few sections, so continue reading!

Why Should You Invest in Precious Metals?

If you're still undecided about whether investing in precious metals is the right decision for you, you'll likely be amazed at all of the reasons we're about to share. Investing in the stock market can be a smart financial decision. However, investing all of your money in the stock market is not such a good idea.

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If all of your money is invested in the stock market, you are putting yourself at major risk for catastrophic losses should the stock market crash. This can be concerning at any time, but can be especially detrimental if it happens during your retirement.

When you invest in gold, silver, and other precious metals in addition to keeping some money in the stock market, it is known as diversifying your portfolio. Diversification is seen as a smart financial move since your money is spread out more, and you'll be less impacted by a major downturn in one sector.

Gold and silver offer the perfect investment opportunity for those looking to diversify their portfolio. As rare precious metals, they continue to be highly sought-after across the globe. Their limited supply makes their value increase.

Additionally, gold and silver are used in a variety of businesses. You're likely familiar with how they can be used to make jewelry, accessories, or even silverware, but what you may not know is that gold, and silver especially, are being used more and more for different technological advancements.

The variety of ways they are used only adds to their value and gives some peace of mind that they'll continue to be in demand for the foreseeable future.

Gold and silver are also very easy to liquidate. When you're ready to cash in your investment or retire, selling any gold or silver coins and bars should take no effort on your part; quite the opposite of other investment options like real estate.

About Goldco

Goldco has earned a reputation as one of the trusted names in the gold investment industry. The company was first started in 2006 by Trevor Gerszt. Gerszt's aim when creating Goldco was to offer the assistance each of his clients needed to achieve financial success, save for their retirement years, and have less stress.

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Goldco offers a variety of services for their customers. These include purchasing gold or silver coins and bars, setting up Precious Metals IRAs, and rolling over an existing retirement account into a Precious Metals IRA.

As we shared above, Goldco is a highly-trusted name in the precious metals investment industry. And, there is a reason for this. The company has earned numerous high ratings from customers and rating agencies alike.

They have a Triple A rating from the Business Consumer Alliance and an A+ rating from the Better Business Bureau. If you look at review sites, such as Google or Trustpilot, you'll also find that the vast majority of reviews from customers are positive and sing the praises of working with Goldco.

Gold IRAs

Many customers who work with Goldco do so to set up a Gold IRA. A Gold IRA is the ideal way to prepare for your retirement years while also enjoying the many benefits associated with investing in gold. With a Gold IRA, you'll still receive many of the tax benefits that come with traditional IRAs, so there really is no reason not to diversify your portfolio with a Gold IRA.

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If you open a Gold IRA with Goldco, you can hold physical pieces of gold or gold coins in your retirement account instead of just stocks and bonds. As we shared above, gold is a highly sought-after commodity, so investing in it to save for your retirement is a good way to diversify your portfolio with a high-performing investment.

Goldco has made the process of setting up a Gold IRA as simple as is possible. You'll find a form on the website that you can complete to express interest in a new Gold IRA. After you complete the form, you'll need to enter information about how you plan to fund your account and set up the transfer.

After the transfer is complete, you'll be able to select the gold coins and bars you would like to add to your account (we'll share the various investment options offered through Goldco in a moment). Deciding which gold coins and bars to invest in may not be the easiest decision, especially if you are new to precious metals. It is completely understandable if you have questions or need guidance; this is why Goldco's team is available to help you and walk you through the process.

You may decide to invest in all gold coins, all gold bars, or a mix of the two. You may even decide to add silver coins or bars to your portfolio as well (we'll also share more about this below). Many people prefer to invest in coins over bars since their value may increase more as the coin becomes rarer and more coveted.

IRS-Approved Gold Coins and Bars

The IRS has set regulations regarding the purity levels of gold coins or bars that are allowed to be held in a Gold IRA. They must be at least 99.5% pure. The only exception to this rule is the American Gold Eagle Coin with a purity level of 91.67 and is allowed to be held in Gold IRAs.

Below are the various gold coins and bars offered by Goldco for Gold IRAs.

Coins

  • Gold American Eagle Coin
  • Gold American Eagle Proof
  • Gold American Bald Eagle Coin
  • Gold Buffalo Coin
  • Gold Maple Leaf Coin
  • Gold Australian Saltwater Crocodile Coin
  • Gold Lucky Dragon Coin
  • Royal Mint Gold Lunar Series: 2016-Year of the Monkey Coin
  • Royal Mint Gold Lunar Series: 2017-Year of the Rooster Coin
  • Royal Mint Gold Lunar Series: 2018-Year of the Dog Coin
  • Royal Mint Gold Lunar Series: 2019-Year of the Pig Coin

Bars

  • Perth Mini and PAMP Suisse Gold bars in 1 oz, 5 oz, 10 oz, 100 oz, and other sizes

Silver IRAs

Another Self-Directed IRA option offered through Goldco, is a Silver IRA. Much like a Gold IRA, a Silver IRA is a retirement account where you are allowed to hold physical silver coins and bars rather than stocks and bonds. Silver IRAs are also an excellent option for those looking to diversify their portfolio and protect themselves against the volatile stock market.

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The steps for setting up a Silver IRA are the same as setting up a Gold IRA: fill out the form on the website, fund your account, and select the coins and/or bars you wish to invest in. You can reach out to one of the representatives from Goldco's team with any questions or concerns.

Many people hold a mix of gold and silver pieces in their portfolio. This offers greater diversification and even more protection of wealth. These mixed portfolios are often referred to as a Precious Metals IRA, but you may also hear them called a Gold IRA.

IRS-Approved Silver Coins and Bars

As with gold coins and bars, the IRS has also developed regulations regarding the purity levels of silver coins and bars in order for them to be accepted in an IRA. It is required that silver be at least 99.9% pure for it to be allowed in an IRA.

Here are the different silver coins and bars available for IRAs through Goldco.

Coins

  • Silver American Eagle Coin
  • Silver American Eagle Proof Coin
  • Silver American Bald Eagle Coin
  • Silver World War I Coin
  • Silver WWII Victory Coin
  • Silver Maple Leaf Coin
  • Silver Australian Saltwater Crocodile Coin
  • Silver Lucky Dragon Coin
  • Royal Mint Silver Britannia Lunar Series: 2015-Year of the Ram Coin
  • Royal Mint Silver Britannia Lunar Series: 2016-Year of the Monkey Coin
  • Royal Mint Silver Britannia Lunar Series: 2017-Year of the Rooster Coin
  • Royal Mint Silver Britannia Lunar Series: 2018-Year of the Dog Coin
  • Royal Mint Silver Britannia Lunar Series: 2019-Year of the Pig Coin

Bars

  • Perth Mini and PAMP Suisse Silver bars in 1 oz, 5 oz, 10 oz, 100 oz, and other sizes

Setting Up an IRA Rollover

If you have an existing retirement account, you may be able to roll it over into a Gold or Silver IRA. Just as the team at Goldco will work you through the steps required to set up a new Precious Metals IRA, they'll also be available to help you set up an IRA Rollover.

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This is important since there are pretty strict rules set by the IRS about how to make a transfer and how long funds can remain uninvested. Your precious metals advisor will work with you to ensure you submit the necessary paperwork and meet all the deadlines to avoid facing any penalties.

When you work with your advisor, the first step will be to set up the transfer for the fund in your account. Once the transfer is complete, you'll be able to choose which gold and silver coins and bars you'd like to hold in your account.

Once you reach the age of 59 ½ years old, you can begin making withdrawals from your Precious Metals IRA. It is important to try to avoid making any withdrawals before this time as you will be charged a 10% fee and will also need to pay income taxes on any money you take out.

Once your IRA is set up, you may contribute additional funds to it each year to see your balance continue to grow to put you in the best spot possible for retirement. If you are under the age of 50, you can contribute a maximum of $6,000 each year, and if you are older than 50, you may contribute as much as $7,000 each year.

However, if you have another IRA aside from the Precious Metals IRA you set up, the $6,000 or $7,000 figures represent the maximum amount you're allowed to contribute between all of your retirement accounts. Just be sure to keep this detail in mind to avoid being charged any penalties.

Precious Metals Storage

Whether you sign up for a new Precious Metals IRA or rollover your existing retirement account into a Precious Metals IRA, you won't be able to take custody of the physical coins and bars in your account until you are at least 59 ½ years old. IRS regulations state that precious metals for Self-Directed IRAs must be held in an IRS-approved depository.

Goldco will handle shipping your precious metals, with insurance, to the depository. All of the IRS-approved depositories feature top-notch security to ensure you precious metals stay safe and ready for you when you need them.

After you are old enough to begin making withdrawals from your account, you can choose to have the physical gold and silver coins and bars sent to you, or have some/all of them sold for cash.

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Investing in Gold and Silver

Setting up a Gold or Silver IRA can help put you in a good position for retirement. However, you may also be looking for additional opportunities to invest in gold and silver outside of a retirement plan. Goldco also offers various gold and silver coins and bars for sale that customers can purchase as a personal investment.

Contacting a member of Goldco's team is the best way to learn more about the other investment options they offer. There is a form you can complete on the 'Contact Us' page of the website.

Helpful Information for Clients

As you begin investing in precious metals, or considering starting to invest, it is always a good idea to stay informed. Goldco has dedicated a portion of its website to sharing different resources with their investors and potential investors to help them learn more about investment opportunities, market trends, and more.

Under the 'Resources' tab, you'll find four different subsections: 'Precious Metals Prices,' 'eBooks,' 'Videos,' and 'FAQs.' Visiting one of these sections can help you increase your knowledge and comfort level with investing in precious metals.

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Sign Up for a FREE Self-Directed IRA Guide

Finally, if you think you may be interested in investing in precious metals, but still have a few unanswered questions, visit Goldco's website to request their Self-Directed IRA guide.

This is a free guide that includes a lot of important information to help you learn more about the process of investing in precious metals as well as the benefits of doing so. The guide also highlights some of the gold and silver coins and bars you can invest in and has directions for next steps you can take to get started.

Features

  • Goldco has a good reputation in the precious metals investment industry.
  • The customer service team at Goldco is knowledgeable and experienced to help you make the best investment decisions to benefit your future.
  • The company has received high ratings from customers, a Triple A rating from the Business Consumer Alliance, and an A+ rating form the Better Business Bureau.
  • Goldco can help you rollover an existing IRA into a Precious Metals IRA or set up a new IRA.
  • Setting up a Gold or Silver IRA can diversify your portfolio and protect you against volatility in the stock market.
  • Their Self-Directed IRA guide is free and shares useful information to help you learn more about investing in precious metals.
  • There is a section on the website where you can find additional information and resources about investing in precious metals.

Pros:

  • Goldco is a trusted company with an A+ rating from the Better Business Bureau and a Triple A rating from the Business Consumer Alliance.
  • A member of the Goldco team will help walk you through all the necessary steps to set up a new Gold or Silver IRA or rollover an existing retirement account into a Gold or Silver IRA.
  • You can easily monitor the price of gold and consult additional resources about investing in precious metals right on the website.

Cons:

  • If you are interested in just purchasing gold or silver coins and bars for a personal investment, you'll need to reach out to Goldco to find out what they offer.

Final Verdict

There are a lot of promising signs that investing in gold and silver is one of the top ways to set yourself up for a lucrative retirement. If you are ready to set up a new Gold or Silver IRA or rollover an existing retirement plan, contact Goldco today. You'll find out just how easy and straightforward they have made it to diversify your portfolio and start preparing for retirement today!