Headquartered in Woodland Hills California, Goldco Precious Metals was founded by Trevor Gerszt in 10/7/2006 to assist investors looking to add precious metals to their IRA’s as a tool to physically preserve their individual savings, they also sell gold and other metals for personal ownership right to your door.
Goldco Precious Metals Ratings
Goldco has been a BBB accredited business since 12/09/2011, they also enjoy an A+ rating with a clean file of complaints at the time of this review
GPM is also a fully accredited and proud member of the BCA.This rating agency has rewarded the company with the highest rating possible, AAA. BCA’s complaint resolution index indicates that GPM has zero complaints filed against them in the last three years
On Trustlink, GPM boasts a five star rating based on 214 positive reviews. Most clients testify to the great way they were treated by Goldco’s account managers. Their questions were answered promptly, and they were walked through their IRA rollover with both expertise and professionalism
Trustpilot : 5 stars based on 52 positive reviews.
Inc 500 : GPM was recently featured on the Inc.500 september issue of 2015 as the sixteenth fastest growing company in the U.S.
Yelp : On Yelp, GPM has a five star rating as well,but only from five clients who were very satisfied to deal with the company
Goldco precious metals Complaints
Goldco had zero complaints filed with these agencies as well, and nowhere could we find anything negative about them.
When we contacted Goldco Precious Metals by phone, we talked to an account executive who forwarded us to Mr Paul Sunderland, a knowledgeable man with over 40 years of expertise in the precious metals markets.To say the truth, the man was wonderful to talk to, and he answered all of our questions with clarity, transparency and expertise.
The discussion started with Mr Paul asking us a lot of questions, he said that he wanted to know as much as possible about our situation to provide the best help he could.
Here are more details from this call
Their minimum investment is $25,000 for an IRA
They will actually change you to a new custodian who will be in charge of your account. Literally what you’re doing is moving from one 401k to what is called a self directed IRA . And there is no penalty on that
290 dollars, and that would include your first year storage and metals insurance as well.
The ongoing cost for maintaining your account is 175 dollars a year
It’s absolutely a Flat Fee and there are no hidden charges, and that pretty covers the admin and storage fees
They use Delaware Depository, one of the most secure and private vaults in the world.
Gold is stored separately, while silver tends to be put together in one place.
However, by law they have to send you exactly what you purchased. He went further to explain that if three people purchased exactly the same thing, it doesn’t matter who gets what.
The issue is that it got to be identical in every possible way
Absolutely, you can track your metals online 24/7
A great online reputation which grants their credibility and reliability
They deal with your chosen custodian directly which avoids you the complications of contacting and dealing with one of your choice
They have a Flat IRA admin and storage fee of 175 a year, which allows you to add more metals to your account without any other charges in the future
They offer segregated Gold Storage at Delaware depository, which guarantees that your bullion bars and coins are not commingled with others’ possessions
Their customer service is great and you can also expect professional ongoing support
Minimum investment amount of 25.000, which is way too much for many starters
They use Equity Institutional as one of their IRA custodians,a company which has a solid amount of dissatisfied clients,and a bad reputation online
The Bottom Line
We have done an extensive research on G.P.M and tried to make this review as unbiased as possible, our final judgement is that this is by far a great company to deal with, their account managers answered all of our questions in a professional manor, and we see nothing negative about the company except their set up fee which is a bit expensive compared to other brokers, we also don’t like the fact that they’re using Equity Institutional as one of their IRA custodians,a company with red flags. In the mean time, we recommend you browse other companies we have reviewed and compare them on your own options to see which one best meets your criteria.
Which Company do we Recommend to Safeguard and Grow your Retirement Money?
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