One of the most impressive and popular retirement investment options for people today is precious metals individual retirement accounts (IRAs). These accounts are impressive because they allow people to save towards their retirement in precious metals like gold, silver, palladium, and platinum. With this account, you can easily hold physical precious metals to ensure financial stability in your retirement years.
Precious metals, especially gold, have so many benefits that it is not surprising that this retirement investment has become as popular as it is. You can read this article to learn more about the benefits of gold as an investment asset. However, owning a precious metal IRA comes with several requirements and rules.
A big requirement is that you will need a precious metal IRA company that will manage everything about your account. From setting it up to buying and storing the metal. Typically, there are so many companies offering this service but one of the most popular ones is Goldco.
Goldco has been in business for over 10 years and has over this period efficiently catered to so many investors. However, you cannot just trust a company with your retirement funds just because they are popular. It is best to do your due diligence yourself to find out all you can about the company. We understand this, which is why we have written this comprehensive and unbiased review of Goldco to help you make the right and properly informed decision.
Pros and Cons of Goldco
One of the best and trusted ways to decide on something is to compare its advantages and drawbacks. Typically, when the drawbacks are more than the benefits, choosing that thing will be a bad choice. Therefore, we will look at some of the pros and cons of Goldco to help you in your decision-making.
Pros
There are so many benefits you stand to gain by collaborating with this company, however, one of the most important ones is the expertise they offer. This company is made up of several IRA experts who will guide you seamlessly through this process. It also offers several client incentives like its buyback programs which allow you to easily liquify your assets without hassle. You will also have access to several educational resources, news, and articles to help you stay current with market trends.
They offer several types of certified precious metals to cater to the peculiar needs of every investor. Setting up an account with them is also relatively fast and easy. They provide the best support and prioritize customer service.
All of these have given Goldco a solid reputation with several positive feedback and reviews from past and existing clients. It has an A+ rating on the Better Business Bureau (BBB). You can visit the BBB website https://www.bbb.org to see this for yourself. It also has a Business Consumer Alliance Triple A rating.
Cons
Goldco offers its clients so many benefits but has just one significant drawback. When compared with other companies, this company’s minimum investment requirement of 25,000 dollars is quite high. This makes it a less feasible choice for some people who cannot afford it. However, the good thing is there are zero fees attached to the investment.
Services and Products
Before you invest your money, you need to know what is being offered. A major objective of this firm is to help people buy and sell precious metals. However, Goldco offers only silver and gold investments; this may be a con for people looking to invest in other metals.
This firm specifically offers IRAs like gold and silver individual retirement accounts. When opening an IRA with this firm, a specialist will be assigned to you, and they will guide you throughout the process of opening and setting up your account. The specialist will also educate you on the company’s terms and practices.
Goldco also offers silver and gold products for people who are not looking to set up an IRA. Once you pay for these products, they will be shipped to your home or depository (depending on what you want). The firm offers a wide variety of silver and gold products, so you will find what you want when you check its catalog.
Reputation
One thing that you need to check for before collaborating with any firm is its reputation. In the case of Goldco, its reputation is almost pristine. Check out our fiscal security to learn more about Goldco’s reputation. With such high ratings on authority platforms like BBB, BCA, Consumer Affairs, and TrustLink, you can rest assured that the company is doing something right.
This is not to say that there have not been any complaints. However, the best thing about this company is that it often does everything possible to address and resolve negative feedback and comments. This goes to show its commitment to always ensuring customer satisfaction.
Conclusion
As we have seen in this article, Goldco is one of the most popular precious metal companies for good reasons. The firm prioritizes customer satisfaction and has managed to build a solid reputation for itself over its 10 years in operation. However, at the end of the day, the choice of whether to collaborate with them or not is yours to make. But with all we have seen so far, it is unlikely that you will end up with regrets if you choose this company.
