In this Goldco Direct review, we take a look at the business, its offerings, what we liked, what we did not like and whether we would or would not use it to invest in gold or a gold-backed IRA.
Who is Goldco Direct?
Headquartered in Woodland Hills, in California, Goldco Direct LLC is an investment company that specializes in silver and gold delivery, among a few other services. The company was founded in 2006, and it continues to offer opportunities for investors to grow their money through asset diversifications.
Goldco Direct is also referred to as Goldco Precious Metals and the Heritage Gold Group. Other services offered include adding precious metals to IRA and 401K accounts.
Since 2012, the company has been accredited by the Better Business Bureau. It has also maintained a high rating of A, an evidence of its notable performance based on customer feedback. In fact, it continues to resolve numerous concerns that customers encounter with the services they receive.
What Does Goldco Direct Offer?
In this tough economy, it is important to choose the best investment company that can help you increase your profits over time while safeguarding your precious dollar from various issues including depreciation and hyperinflation.
Goldco recommends clients to invest in precious metals by processing a gold IRA rollover. This option can help insure the safety of your assets while expecting gains in profit along the way.
There are several services provided by Goldco Direct, which allow you to select the most suitable investment option for you. They sell investment-grade silver and gold coins which assist you if you decide to invest in a precious metals IRA.
Also you can choose from a number of categories offered by the company such as European gold, silver bullion, gold bullion, pre-1933 gold and certified coins.
When you check Goldco Direct’s official website, you can find helpful pieces of information that are great for first-time investors. Among the key details available are charts, predictions, historical data and videos that can guide you in making a crucial decision in your investments.
Things To Like About Goldco Direct
Here are some of the best features that you can expect from the company:
1. BBB Accreditation
Being accredited by the BBB does not necessarily mean that a company is performing well. However, the mere fact that Goldco has achieved a high rating of A as well as being BBB accredited company since 2012.
This helps maintain its positive reputation among potential investors. The company has also managed to resolve complaints filed by its clients, and this is excellent evidence of its dedication to providing quality service.
Since 2006, the company has been in operation and providing the same level of service until today. In fact, it has agents who are experienced in the field of capital preservation. Thus, you can expect your precious metals and investments to be well taken care of with the help of Goldco Direct’s knowledgeable and professional staff.
3. Wide Range of Services and Products
Goldco Direct offers an extensive selection of products and services to meet the needs of inexperienced and seasoned investors. For instance, customers can opt for the company’s IRA-eligible gold and silver coins, as well as silver and gold IRAs and numismatic-graded coins.
There are also relevant pieces of information on the company’s website, so you can go through these details and helpful tips to further secure your precious metals and coins.
Things NOT To Like About Goldco Direct
Although there may be different features and benefits that Goldco Precious Metals offers, some aspects about this company may not fully satisfy and meet the demands of some investors. The things worth considering before choosing this company include the following:
1. Lack of Feedback from Customers
While the company has received impressive ratings from the BBB , there seems to be inadequate feedback from customers that can reveal more about Goldco’s service. This can be alarming since investors who wish to learn more about the company before they begin entrusting their money, usually refer to customer feedback for details.
2. Missing Details on the Website
There may be historical data, videos, charts and other helpful details on the website, but some clients complain that they find no information whether they can work with a custodian or not. The lack of details available regarding being referred to a particular custodian can be concerning for those who have little to no idea how to get started when investing in gold and silver IRA’s.
3. Vague IRA Plan
Goldco Direct considers itself as a specialist in gold and silver IRA. However, there are no custodian services for their IRA investment. The so-called 3-step plan for the IRA services requires setting up the account using an actual custodian.
This should be done prior to purchasing your investment metals from the company. However, there are no pieces of information presented on the website, which can be a major challenge for investors.
Goldco Direct – IRA Fees
|Initial Setup Fees||Depends on Custodian|
|Annual Admin Fees||Depends on Custodian|
|Annual Storage Fees||$100+ (Scaled Rate)|
|Minimum Purchase Amount||Not Disclosed|
|Preferred Depository||Delaware Depository|
Rankings, Complaints and Customer Reviews
Better Business Bureau (BBB)
Goldco Direct has received a high rating of A at the Better Business Bureau, which is rather impressive. However, it is surprising that although the company has been accredited by the BBB since 2012, there should have been some reviews from customers to provide information to future investors (read more).
Business Consumer Alliance (BCA)
Currently, the BCA has rated Goldco Direct with AAA, which is a high mark that has excited numerous customers. According to some investors, the Heritage Gold Group’s staff helped them invest and set up the account. It is strange, though, because there was only one review in the website, which is not enough to validate the performance of the company (read more).
|Based on 149 reviews|
With 5 stars it may seem almost impossible for a company to have a perfect rating. It is also surprising since it appears to be the only source of information for customers looking for feedback from others who have tried the company. Thus, it is still best to consult other references before deciding whether it is indeed reliable to invest in Goldco Direct.
Goldco does not have any complaints with Ripoff Report as of the time of this writing.
Goldco Direct Review – Final Thoughts
There may be some positive features about Goldco Direct including extensive selection of products and services, as well as a user-friendly website. However, there is a lack of sufficient information on how to set up an IRA investment account or how to get an actual custodian.
Also you may find yourself looking hard and long for customer reviews that can give you an idea about what to expect from the company. After taking into consideration both the positive and negative features of Goldco, it may be practical to choose an investment company with more comprehensive information from its website including previous and existing customers to help you make an informed decision.
Which Company Do We Recommend?
The fact that there are insufficient customer reviews on Goldco Direct really limits your way of knowing if your money is in good hands. At the end of the day you want to devote your time and resources on an investment company that is transparent, established and has great feedback from its past clients.
Regal Assets has proven itself as one of the leading choices for those looking to invest in precious metals through a self-directed IRA. Additionally, they have been featured in numerous publications such as Forbes, Market Watch and Smart Money just to name a few.
To learn more about about Regal Assets, check out this complete in-depth review.
With competitive rates, outstanding customer service and a solid reputation, you can be sure about the success and security of your investments. If you are interested to learn more about opening a Gold IRA and how it can protect your wealth against the future economic crisis visit Regal Assets or Call 1-844-913-7373.