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Goldco is a privately held firm specializing in helping people protect their retirement savings. Goldco acts as a broker for gold and silver, but what sets them apart from others in the industry is they also provide their customers with a helping hand, both when buying precious metals and later on in retirement when it is time to liquidate.
Why Invest in Precious Metals?
Investing in precious metals such as gold and silver offers many advantages to an astute investor. Adding precious metals to your retirement plan is a superb way to easily obtain a hands off diversified portfolio. Both gold and silver offer almost guaranteed growth and safety to your retirement.
Precious metals are also one of the best assets to hedge against stock market volatility. The stock market fluctuates wildly, and while in retirement, the last thing one wants is watching their fortune dwindle. As is often the case with retirees who only invest in stocks, a withdrawal at a market low is not something that can be recovered from. This is why gold makes the perfect hedge for a retirement plan.
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The value of gold, while quite stable, does indeed fluctuate. But what makes it unique is that it typically fluctuates in the opposite direction of the stock market. During a stock market recession, and there will often be at least two recessions during an average person’s retirement, is when gold values tend to rise the most. As Goldco points out, it makes the perfect asset to add to a retirement plan.
In addition to protecting against stock market fluctuations, gold also acts as a great hedge against inflation. Federal Reserve Chief Jay Powell has already stated in his January 2022 speech that inflation is not going to be transitory but is indeed here to stay for an extended period of time. As the purchasing power of the dollar decreases, the relative value of gold will stay stable. In an inflationary environment, there is historically no better asset to hold than precious metals.
We are currently living in unprecedented times, with political and economic instability permeating our institutions. Our research has concluded there is no better firm out there that provides the stability of gold and silver assets than Goldco.
What Makes Gold Valueable?
Gold has been used as a store of value for centuries. Over the centuries it has never significantly dropped in value. Simply put, gold and other precious metals are valuable due to their unique properties. They are relatively rare, do not rust or corrode, and are easily identifiable when smelted to a pure state.
What Makes Goldco Unique?
While it is true there are dozens of firms specializing in gold and silver brokerage services, and many of them are indeed quite reputable, Goldco stands out because of the top notch customer services. Each customer is assigned an precious metals specialist that assists with buying, selling, and even IRA and 401k rollovers.
Through an initial consultation, the precious metals specialist will assess the customer’s portfolio and goals. The specialist will educate the customer on how precious metals could fit into their portfolio and the potential benefits.
What Services Does Goldco Provide?
Goldco is a brokerage firm for both gold and silver. In addition to brokerage services, they will coordinate with the custodian company that will physically hold your assets, including filling out all of the required paperwork. Goldco also has long standing relationships with all of the largest and most popular IRA and 401k administrators and will easily handle all of the paperwork for rollovers. Goldco also will help liquidate your assets in an efficient manner from the custodian company.
What Products Does Goldco Offer?
Goldco has a suite of resources to help you set up a gold IRA.
In addition to gold, they also will set up a silver IRA.
They will assist in rolling over some or all of your 401k to gold or silver.
Goldco will provide you with tools to figure out whether a traditional or Roth IRA is best for your unique situation.
Goldco provides resources for business owners to set up plans for their employees.
Goldco also has a suite of resources specifically for small business owners and their employees.
How Does an IRA Work?
The core of Goldco’s business is helping customer put gold and silver in a retirement account. IRAs and 401ks are taxed in a way that makes them extremely efficient when saving for retirement. No taxes are due until the assets are pulled from the account in retirement. This tax treatment saves many thousands of dollars over their lifetime. As most people get close to retirement, most can benefit from having precious metals in their portfolios as a hedge against uncertainty.
Get Your FREE Gold IRA Guide Here!
Why Is Gold An Especially Good Investment Now?
In today’s uncertain times, gold and silver may be an especially important asset to hold in your portfolio. Precious metals are synonymous with stability, and stability seems to be something in very short supply.
The US Dollar is often viewed as the world’s reserve currency. It is well known that the US is facing an inflation crisis, which will weaken the purchasing power of the US Dollar. As the power of the reserve currency decreases, people not just in the United States, but around the world, are likely to flock to the security of gold and other precious metals.
The large US trade and budget deficits along with an unusually large increase in the money supply during the last decade will continue to erode the US Dollar for the foreseeable future, which will result in increasing demand, and thus prices, for gold and silver. It is highly likely that the price of gold will never again be as low as it is today. Unlike paper currency and other commodities, gold has a history of holding its value, and even rising, during economic crises.
Why Is Gold So Important For Diversification?
Diversification means more than just having an assortment of different assets in a portfolio. A portfolio can have several different stocks or even mutual funds and still not be diversified. The key to diversification is to have assets that tend to be pulled in different directions during market events or conditions. During boom times of high economic activity and success, certain tech stocks may skyrocket, while other more mundane stocks may stagnate.
What makes gold so unique and so needed in a diversification strategy is that it tends to move in the opposite direction of almost all other assets, and what’s more, tends to move the most when things are the worst. In the event of a stock market crash, gold becomes an extremely valuable asset to hold in your portfolio.
In these uncertain times, with geopolitical tensions rising around the world, unknowns such as migrations and water shortages due to global warming and climate change, supply chain uncertainties due to a global pandemic, political instability, and fears of an overvalued stock market, gold is simply the best to hedge against all of these risks.
Adding to today’s uncertainty, there are rising fears among economic experts that the wildly unpredictable and volatile cryptocurrency market may cause additional wild swings and strains on our economic and monetary systems.
Although gold and other precious metals can be volatile in the short term, they have always not only held their value, but have consistently gone up in the long term.
What Is Goldco's Process Like?
“From Goldco’s website, we entered our email address and phone number in order to receive a free informational kit. A rep called us a few minutes later to get our address and walk us through a brief consultation. The whole process was easy, stress free, and informative.
After briefly asking about our current assets, investing goals, risk tolerances, and future plans, our account representative educated us on the basics of gold and silver IRAs.
After our kit arrived, which was filled with lots of information, we thoroughly went through all of our retirement assets. Seeing as how we were almost 100% invested in the stock market and nearing retirement, we decided a precious metals IRA would benefit us.
We set up another telephone appointment with our account representative and he patiently walked us through the rest of the process. We had an old IRA that we decided to transfer into a gold IRA. He took care of all the paperwork and contacted the brokerage firm that held our assets.
Within a couple of weeks, our assets were liquidated, and the cash was transferred to Goldco. The paperwork for our new gold IRA was also set up by our account representative. We got a very fair price for our new gold and received proof it was being held safely and securely at our custodian facility.
Going forward, we will still be assigned to our same account representative in case we wish to purchase more gold or liquidate our gold if we need it. The whole process was simple and stress free.
Our overall experience was very positive and we do recommend Goldco for anyone serious about hedging their retirement plan against uncertainty.”
– Goldco Customer
Frequently Asked Questions (FAQ)
A Gold IRA is an example of a Self-Directed IRA. Self-Directed IRA’s were designed to give individuals more freedom in the selection of investments that they could hold in their retirement account. A Gold IRA is unique to precious metals, where the investor/individual has the ability to hold gold, silver, and other precious metals such a platinum and palladium in their account rather than being limited to traditional stocks and bonds.
By holding precious metal investments in a Gold IRA, this gives the ability for individuals to make their portfolio more diverse and prepare themselves for future financial success. Having a diversified portfolio makes for a better chance to survive a stock market crash and still have some of your funds held in other categories, such as gold.
There are various options when it comes to investing in gold. One option is to purchase gold coins or bars from a local retail shop or gold investment company. You may then hold the metals until you are satisfied with their growth, ready for retirement, or need them for another expense.
Another option to invest in gold is by setting up a Gold IRA. These are a form of a Self-Directed IRA, only your funds can be held in gold rather than stocks and bonds. This is a good way to invest in precious metals without worrying as much about taxes.
Depending on your age, current financial position, and personal preferences, the answer to this question will vary per person. If you are coming up on retirement, you’ll want to take fewer investment risks and may not want a large portion of your money in gold. If you’re still young and have more time to take greater investment risks, you may want a larger percentage of your portfolio invested into gold.
The value of a gold coin increases as the value of spot gold increases. The number that is printed on each gold coin (known as the face-value) is not an accurate reflection of its true valuation. In fact, its value is likely much higher than the face-value based on the current price of gold today.
Like many investments, it is optimal to buy at a low value. Generally speaking, when the stock market is over-performing, the value of gold is at a much lower amount. Gold also follows some trends such as a decrease in certain months of the year, including January, March, and April.
It is always a good idea to seek out a financial advisor to help discuss the best options for your current situation. This way you can shift your investments based on what makes the most sense for your financial goals, and the current economy.