Most Precious Metal IRA companies have some sort of free offering to gain some leads.
(I’ll link Augusta Precious Metals breakdown of Free Silver offerings.)
So, in this article I wanted to provide a comprehensive breakdown of the Goldco Free Silver offering.
We’ll start with a brief background of Goldco, we’ll quickly cover their offerings, and then we’ll hop right in.
Quick Disclaimer:
The content provided in this article is for informational purposes only and should not be considered financial or investment advice. Always consult with a qualified financial advisor before making any decisions regarding Precious Metals, Investing, or IRAs. Additionally, this article contains affiliate links, and I may earn a commission if you make a purchase through these links, at no additional cost to you.
Another common question I get asked about sales tactics used by Gold IRA companies is about how silver is leveraged and mentioned.
If you want to learn more, below are two free PDFs by Augusta Precious Metals that break down how to check the integrity of an IRA provider as well as information on how Silver is used as a sales tactic.
Augusta Precious Metals Links:
Goldco Background
Goldco, established in 2006, is headquartered in Los Angeles, California.
They specialize in offering precious metal investment options tailored to help protect your retirement savings.
By choosing Goldco, you’re opting for a company with long-standing experience in the industry.
Goldco enjoys a noteworthy position among gold IRA providers.
They’ve built a solid reputation for providing quality services and innovative solutions for those keen on safeguarding their financial future with precious metals.
Goldco Offerings
Goldco provides a variety of offerings for individuals looking to diversify and protect their investment portfolio.
Here is an overview of what you can expect:
Precious Metals IRAs: Goldco facilitates the creation of gold and silver IRAs, which can serve as a hedge against economic uncertainties. The process includes setting up the IRA, transferring funds, and purchasing precious metals.
Direct Purchase: Aside from IRAs, you can also make direct purchases of precious metals. Goldco allows you to buy physical gold and silver that can be shipped and held directly at your home. While the selection of coins may appear smaller compared to other companies, it includes high-demand items that are widely recognized.
Goldco Free Silver Bonus: One of the attractive aspects of investing with Goldco is their bonus offer of free silver, provided you meet the minimum investment amounts. This makes them an appealing choice for larger investments in precious metals (Business Insider). For more details, visit our section on Goldco Free Silver Bonus.
Storage and Insurance: Goldco collaborates with reputable third-party custodians to ensure the safe storage and full insurance of your precious metals. The custodian fee ranges between $200 and $250 per year, which covers storage and insurance costs (Business Insider). Learn more about storage and associated costs in our article on Goldco Fees.
Here’s a quick overview of Goldco’s charges:
| Fee Type | Cost |
|---|---|
| Set-Up Fee | $50 |
| Custodian Fee | $200-$250 |
| Minimum IRA Deposit | $25,000 |
| Minimum Direct Purchase | $15,000 |
Whether you are creating an IRA or making direct purchases, Goldco’s offerings are structured to give you a balanced and secure investment option.
If you want to comprehend better how Goldco stacks up against other providers, our comparison articles such as Goldco vs. Augusta Precious Metals may provide insightful information.
Goldco Free Silver Bonus
Goldco provides a highly attractive offer for potential investors: free silver bonuses.
This offer makes Goldco a competitive choice compared to other industry players.
Qualifying for Free Silver
To qualify for Goldco’s free silver bonus, you need to meet specific minimum investment amounts.
Goldco offers this bonus to encourage larger investments in precious metals, making it a compelling option for those looking to diversify their portfolios with silver.
According to Business Insider, the qualification for free silver begins with a minimum cash purchase of $15,000, which can result in a bonus of $750 in silver.
Higher investment amounts unlock even larger bonuses, scaling up to significant amounts for large deposits.
Scaling Free Silver with Deposit
The amount of free silver you can receive directly correlates with the size of your investment.
The table below illustrates how the bonus scales with different deposit amounts, making it easy to see the potential rewards:
| Deposit Amount ($) | Bonus Silver ($) |
|---|---|
| 15,000 | 750 |
| 50,000 | 2,500 |
| 100,000 | 5,000 |
| 500,000 | 50,000 |
| Figures courtesy of Business Insider.
Investors can earn substantial amounts of silver when they invest higher sums.
For example, a $100,000 investment offers $5,000 in bonus silver, while the maximum bonus of $50,000 is achieved with a $500,000 purchase.
This tiered bonus system incentives larger investments, making it an appealing option for those looking to capitalize on more significant investment opportunities.
To fully understand the fee structure associated with these investments, please visit our page on goldco fees.
Additionally, you may want to read reviews that compare Goldco with other providers like augusta precious metals fees and american hartford gold fees.
This unique offering positions Goldco as a prime choice for innovative and lucrative investment options in the precious metals market.
For more insights into customer experiences and reviews of Goldco’s services, check out our detailed goldco review and goldco ira reviews.
Goldco Fees and Costs
Set-Up Fee
Goldco charges a one-time set-up fee of $50 to open your account (Business Insider).
This fee covers the initial administrative work required to establish your IRA.
Custodian Fee
The custodian fee for a Goldco Precious Metals IRA ranges between $200 and $250 per year.
This fee covers storage and insurance and varies depending on the third-party custodian you choose (Business Insider).
Here is a breakdown of these costs:
| Fee Type | Cost |
|---|---|
| Set-Up Fee | $50 (one-time) |
| Custodian Fee | $200 – $250/year |
For more detailed information, you can contact a Goldco representative or refer to their FAQ section for an in-depth understanding of other charges like commissions on purchases (Business Insider).
To explore more about Goldco’s cost structure or compare it with other providers, check out our articles on goldco fees and augusta precious metals fees.
Additionally, if you’re interested in getting the most out of your investment, you might want to learn more about Goldco’s unique free silver offer.
Goldco Investments Performance
Assessing Goldco’s investments performance, particularly in the context of gold, provides valuable insights for those considering a Gold IRA.
The historical performance of gold and its comparison to the stock market reveal the potential benefits of choosing gold as an investment.
Historical Performance
Gold’s performance has been remarkable over the years, especially since the beginning of the 21st century.
According to Goldco, gold has achieved an average of 10.3% annualized gains, vastly outperforming major stock indices.
For instance, on the first trading day of 2001, gold was priced at $268 an ounce. This long-term growth highlights gold’s stability and potential for appreciation.
Here’s a table summarizing gold’s historical performance:
| Year | Gold Price (per ounce) | Annualized Gain (%) |
|---|---|---|
| 2001 | $268 | – |
| 2022 | $1,800 | 10.3 |
Comparison to Stock Market
When comparing the performance of gold with that of the stock market, gold has consistently outperformed major indices like the S&P 500 and the Dow Jones.
Since the start of the 21st century, gold has shown average annual gains of 10.3%, while the S&P 500 and Dow Jones averaged only 4.5% and 4.6% respectively (Goldco).
| Index | 2001 Value | 2022 Value | Annualized Gain (%) |
|---|---|---|---|
| Gold | $268 | $1,800 | 10.3 |
| S&P 500 | 1335.63 | 3950 | 4.5 |
| Dow Jones | 10,646.15 | 33,000 | 4.6 |
Furthermore, examining the period post-August 15, 1971, gold maintained an annualized gain of 8.4%, surpassing the S&P 500’s 7.3% and Dow Jones’s 7.1%.
For those interested in Goldco’s offerings and fees, visit our detailed goldco review.
Comparisons with other providers are available at goldco vs augusta precious metals, and for more insights on Goldco fees, see our page on goldco fees.