Goldco Fees and Pricing Guide for 2023
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Goldco fees and pricing for 2023…
What does opening a gold IRA account with Goldco really cost?
And is there a way to save some money?
Find out below!
Table of Contents
What are the Fees for Setting up an Account With Goldco?
The fees for setting up a Goldco account are:
- One-time set up fee– $50;
- Annual custodian fee– $80;
- Annual depository fee– $100 ($150 if you want to have your coins and bars segregated from other savers’s coins and bars).
| Goldco Fees | Recurring Yearly Payment |
|---|---|
| One-time set up fee- $50; | No |
| Annual custodian fee- $80; | Yes |
| Annual depository fee- $100. | Yes |
Note: these are the fees for opening an account with Goldco. It does not include the money you’ll need to spend to purchase gold and silver coins and bullion.
Goldco has a $25 000 minimum investment requirement for opening a gold IRA.
What is the Minimum Investment Requirement at Goldco?
The minimum investment requirement at Goldco is $25,000 for gold and silver IRA purchases. You can meet that minimum purchasing requirement by ordering gold or silver alone, or a combination of two.
Goldco doesn’t have a minimum amount requirement if you want to buy gold and silver with cash.
In the latter case, your precious metals will be delivered to your doorstep.
What is the Maximum Investment at Augusta Precious Metals?
There is no maximum order at Goldco. No matter the size of your order Goldco will be able to successfully fulfil it.
They’re a top gold IRA company operating in the US market.
What are the Payment Methods Goldco Accepts?
The payment methods that Goldco accepts are payment by bank wire and payment by personal checks.
You can transfer any amount via bank wire transfers, while payments by check are capped at $ 50,000 max.
What are the Payment Methods Goldco Doesn’t Accept?
Can I Use Bitcoin to Pay for Opening a Goldco Account?
You can’t use Bitcoin to pay for opening a Goldco account.
Bitcoin and the cryptocurrencies listed below are not valid payment methods for opening a gold IRA with Goldco.
- Binance Coin;
- Tether;
- Cardano;
- Binance USD;
- Ethereum;
- XRP;
- USD Coin;
- Solana.
Read my guide to the best Bitcoin IRA companies next to learn how to open a Bitcoin IRA.
Can I Use Gift Cards to Pay for Opening a Goldco Account?
You can’t use gift cards to open a Goldco account.
Gift cards are not a valid payment method accepted by this IRA company.
Can I Use Personal Checks to Pay for Opening a Goldco Account?
You can’t use personal checks to open a Goldco account.
Personal checks are not a valid payment method accepted by this gold IRA company.
Can I use Payments by Phone to Pay for Opening an Account With Goldco?
You can’t use payment by phone to open a gold IRa account with Goldco.
Payments by phone is not a valid payment method.
Can I Use PayPal to Pay for Opening a Goldco Account?
You can’t use PayPal to open a Goldco account.
PayPal is not a valid payment method accepted by this IRA company.
Does Goldco Charge for Gold and Silver Management?
Goldco doesn’t charge for gold and silver management because the gold IRA you opened with them is going to be a self-directed IRA.
This means you’ll be in charge of your account and all Goldco did was help you open your precious metals IRA and connect you with a specialized custodian.
What is the Refund Policy of Goldco?
Goldco’s refund policy is that you can’t request a refund for the gold or silver you ordered from them.
Once a shipment is delivered, the precious metals are yours and it’s final.
The only way to get your money back from Goldco is to have your shipment lost or stolen in transit and then Goldco will reimburse your money.
How Does Goldco’s Fees Compare to Augusta Precious Metals Fees?
Goldco’s fees for the first year is $230, while the fees for Augusta Precious Metals is $250. Goldco is slightly cheaper and they also have a 50% smaller minimum investment requirement.
Namely, with Augusta Precious Metals the minimum investment requirement is $50 000, while with Goldco it’s only $25 000.
Learn how these two gold IRA companies compare by reading my Augusta Precious Metals vs Goldco guide next.
To learn more about Augusta Precious Metals specifically go ahead and read my Augusta Precious Metals review next.
Goldco Fees and Pricing 2023 (Conclusion)
Goldco is one of the best and most affordable precious metals IRA providers operating on the US market.
For only $230 and a minimum investment of $ 25,000, you can begin to diversify your retirement portfolio and regain peace of mind in the face of the looming recession and rising inflation.
Are you going to open a silver IRA account with Goldco?
LMK in the comment section below.
Nikola Roza
Nikola Roza is an affiliate marketer and blogger behind Nikola Roza- SEO for the Poor and Determined. He writes for bloggers who don't have huge marketing budgets and who still want to carve out a niche online and a better life for themselves. He's also passionate about precious metals IRAs and how to invest in gold and silver for a safer financial future. Learn about Nikola here, or read his blog posts and guides here.