Goldco Vs. Lear Capital

Deciding if Goldco or Lear Capital is suitable for your gold investment can be tricky since they’re both great.

I’ll give you a quick overview to help you choose. These two are known for being reliable and suggest adding precious metals to your investments.

I’ll look at what they offer for retirement savings, what customers say about them, and how they differ. My goal is to make it easy for you to pick who can best manage your investment.

Keep reading to learn key differences between Goldco and Lear Capital that might help you decide where to invest your gold and silver.

STOP! Before I go any further, I want you to think carefully about where you’re putting your money. Picking the right company to invest with is a big deal, and I know my advice might help you decide that.

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Quick Overview

BEST OVERALL
9.8
GOLDCO
GOLDCO
  • CEO: Trevor Gerszt
  • BBB: 4.8/5 Out of 1,027 Customer Reviews
  • Available Metals: Gold, Silver, Platinum, and Palladium
  • Minimum Investment: $25,000
  • Promotions: Get Up to $10,000 in Free Silver on Qualified Purchases
  • Free Kit Available: Yes
GOOD CUSTOMER SUPPORT
8.4
LEAR CAPITAL
LEAR CAPITAL
  • CEO: Kevin DeMeritt
  • BBB: 2.68/5 Out of 31 Customer Reviews
  • Available Metals: Gold, Silver, Platinum, and Palladium
  • Minimum Investment: $5,000
  • Promotions: Up to $15,000 Offer in Bonus Coins on Qualified Purchases
  • Free Kit Available: Yes
Disclosure: “The owners of this website may be paid to recommend Goldco or other companies. The content on this website, including any positive reviews of Goldco and other reviews, may not be neutral or independent.”

What is Goldco?

Goldco has been around since 2006, when Trevor Gerszt started it because he likes gold and silver and knows a lot about managing money.

The company’s headquarters are in Calabasas, California, but it works with people from all over America. Its main purpose is to help people save for their retirement safely, even when the economy is not doing well.

A testament to their excellent service is that over 6,000 customers have given them 5-star reviews. Money.com even said they had the top customer service in 2024. Inc. Magazine picked them as one of the fastest-growing companies in the Pacific area in 2024.

This company has made a name for itself by being super helpful and trusted by those looking to save for their later years. Even well-known figures like Sean Hannity, Chuck and Gena Urschel, and Ben Stein say many good things about how Goldco helped them save by using gold and silver.

They also won big with the Gold Stevie Award for fast growth in 2024. They’ve been named on the Inc. 5000 list of fast-growing companies for seven years.

Goldco is focused on ensuring people have comfortable retirements by investing in gold and silver. They’re good at what they do, caring for their customers and helping them save, so they get lots of praise and awards.

If you would like to learn more about the company:
You can check my review on Goldco.

What is Lear Capital?

Lear Capital is a leading company in the precious metals industry. It was founded in 1997 and is based in Los Angeles, California.

It focuses on helping people secure their financial future by investing in metals like gold and silver. Lear Capital has built a strong reputation by putting its customers first and offering excellent service.

The company specializes in helping clients add gold and silver to their investment portfolios, whether through buying bullion or rare coins or by including these metals in their IRA accounts.

Lear Capital is designed to help clients navigate financial uncertainties and plan for retirement securely. One unique feature of Lear Capital is how easy and fast it is for clients to buy and manage their investments.

They provide a straightforward process and a secure environment for transactions, and each client has a personal representative to help with their needs.

Lear Capital keeps its clients updated with the latest prices, news about metals, and important economic changes.

Lear Capital has an AAA rating from the Business Consumer Alliance, which shows that it’s a trustworthy company.

It’s also certified by the PCGS (Professional Coin Grading Service), ensuring that all the coins it offers are authentic and accurately graded. Lear Capital also stands by strong ethical standards and supports rules that help the precious metals community.

The company is known for its competitive pricing thanks to its ‘Price Advantage Guarantee’. This promise includes written agreements and confirmations, ensuring clients understand and agree with every purchase. To date, their successful sales of up to $3 billion highlight their credibility and commitment to fair pricing.

Lear Capital, founded by Kevin DeMeritt, is dedicated to educating its customers about the advantages of investing in precious metals. It offers a range of products, such as coins and bars, and also provides precious metal IRAs.

With its focus on transparency and customer satisfaction, Lear Capital aims to be a reliable partner for investors wanting to improve their investment strategies with precious metals.

If you would like to learn more about the company:
You can check my Lear Capital review.

Services Offered by Goldco and Lear Capital

Goldco and Lear Capital are well-known companies in the investment sector, specifically focusing on precious metals.

They provide a range of services to facilitate purchasing and managing precious metals for investment and retirement savings.

Below are the services they offer:

Goldco

Goldco is a company that helps people add precious metals like gold and silver to their retirement savings.

Here’s a simple breakdown of what they offer:

  1. Precious Metals IRA: Goldco can help you set up a particular retirement account to keep gold, silver, platinum, and palladium instead of stocks or bonds. They will help you move your retirement savings into this new account and help you pick the suitable metals to buy.
  2. Buying Precious Metals Directly: If you want to own gold or silver directly, not just in your retirement account, Goldco can sell these metals to you. They will send the metals to your home or a secure place where you want to keep them.
  3. Sell Metals Back to Goldco: If you ever want to sell the metals you bought, Goldco will offer to buy them back from you based on the current prices.
  4. Learning Materials: They provides extensive information and advice about investing in precious metals. This helps you understand how everything works and make smart choices.
  5. One-on-One Help: Goldco gives you your expert to talk to. This person can answer your questions and help you determine the best strategy for adding precious metals to your savings.
  6. Setting Up Self-Directed IRAs: They can help you set up a retirement account to invest in a wider range of things besides precious metals. They guide you on how to do this and follow the rules.
  7. Safe Storage and Handling: You need a safe place to keep precious metals in your retirement account. Goldco helps you find a secure storage facility and takes care of the paperwork to ensure your metals are properly cared for.

Goldco is all about helping you protect and grow your retirement savings by adding precious metals. They offer much support and information to ensure you feel confident and informed about your choices.

Lear Capital

Lear Capital is a well-known company that helps people invest in precious metals like gold and silver.

Here are the main services they offer:

  1. Gold and Silver IRAs: They help you set up retirement accounts that include gold and silver. This is for people who want to protect their retirement savings from big market changes.
  2. Buying and Selling: You can buy and sell gold, silver, platinum, and palladium through them. They offer coins and bars in different sizes to fit various budgets and preferences.
  3. See Prices in Real-Time: Lear Capital shows the latest prices of precious metals, helping you make smart decisions.
  4. Understand the Market: They provide detailed analysis of what affects precious metals prices, such as global economies and currency values.
  5. Learn About Investing: They offer guides and advice to help you understand how to invest in precious metals.
  6. Direct Buying and Home Delivery: You can buy metals and deliver them to your house or a secure place.
  7. Trade Anytime Online: They have a platform where you can manage your precious metals investments 24/7.
  8. Advice Just for You: Get investment tips that match your financial goals and the amount of risk you’re comfortable with.
  9. Safe Storage: If you don’t want to keep your metals at home, Lear Capital can store them safely for you.
  10. Helpful Customer Service: Their team can answer your questions about investing, transactions, and your account.

It’s important to remember that the services and details might change, so check out Lear Capital’s website or contact them to get the latest information.

How to Get Started with Goldco and Lear Captial

Below is a comparison of how to start with Goldco and Lear Capital, two companies specializing in precious metals investments, including gold and silver IRA accounts.

Goldco

Goldco helps you easily plan for retirement with gold and silver, providing friendly guidance and simple investing steps.

1. Research and Information Gathering

  1. Visit Goldco’s official website.
  2. Browse the website for information on their services and products.
  3. Request a free Self-Directed IRA guide by filling out a form on their website with your information.
  4. Review educational materials and resources provided on their site.

2. Initial Consultation

  1. Contact Goldco by phone or through their website to schedule a consultation with one of their specialists.
  2. Discuss your investment goals and ask about the IRA setup process, fees, and options.
  3. Get assistance in understanding the risks and benefits of investing in precious metals.

3. Account Setup

  1. Complete an application form to open a Self-Directed IRA.
  2. Goldco will help coordinate the rollover of funds from your retirement account into your new IRA.
  3. You may need to provide identification documents and financial information for compliance purposes.

4. Funding Your Account

  1. Decide how much you want to transfer or rollover into your new Self-Directed IRA.
  2. Complete any necessary documentation to transfer funds from an existing retirement account.

5. Purchasing Metals

  1. Once funds are in your account, consult with your Goldco specialist to select the precious metals you want to purchase for your IRA.
  2. Goldco will provide you with options and assist you in purchasing based on market conditions and your investment goals.

6. Ongoing Support

  1. For any additional purchases, sales, or questions about your account, you will receive ongoing customer service and support from Goldco.
  2. Access to market news and updates through their website or newsletters.

Lear Capital

Lear Capital aims to make learning about and investing in precious metals straightforward, offering clear advice and market knowledge.

1. Research and Information Gathering

  1. Visit Lear Capital’s official website.
  2. Explore resources such as investment guides, market news, and product information.
  3. Request their free investor kit by providing your contact details through their website.

2. Initial Consultation

  1. Contact Lear Capital by phone or filling out a form on their website for expert advice.
  2. Speak with an account representative about your financial goals and how to incorporate precious metals into your investment strategy.
  3. Inquire about setting up a precious metals IRA and any associated costs.

3. Account Setup

  1. Fill out the necessary forms to create a new Self-Directed IRA account.
  2. Lear Capital will guide you through transferring or rolling over funds from your current retirement accounts.
  3. You may need to provide personal information and identification for account setup.

4. Funding Your Account

  1. Determine the amount you want to invest in your new IRA.
  2. Complete the transfer of funds from your existing retirement account to your new Self-Directed IRA with Lear’s assistance.

5. Purchasing Metals

  1. Decide on the precious metals products you’d like to purchase in consultation with your Lear Capital representative.
  2. Lear Capital can help execute the purchase and ensure that metals are IRS-approved for IRA investment.

6. Ongoing Support

  1. Lear Capital provides customer support for future transactions, questions, or needs regarding your account.
  2. They offer educational materials, market insights, and personalized advice moving forward.

Goldco and Lear Capital offer similar processes for individuals to get started with precious metals IRAs. Minor differences may exist in the company-specific consulting style, educational resources, product offerings, and customer service approach, and individual preferences can determine the better fit.

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Fees and Pricing Structure of Goldco and Lear Capital

Understanding the fees and pricing structure of both companies is crucial for investors aiming to make informed decisions.

Below, we break down the fees and pricing structures for Goldco and Lear Capital, highlighting key components that investors should be aware of.

Goldco

Here’s a breakdown of how much it costs to use their services and the minimum amount you need to start investing:

What You Pay For: Cost:
Opening an Account: $50 (one-time)
Yearly Account Fee: $125
Storing Gold with Others: $100 (every year)
Your Own Storage Space for Gold: $150 (every year)
Least Amount to Invest: $25,000

If you put in the minimum amount ($25,000) and choose to store your gold with others, it’ll cost you $225 yearly. This is like paying 0.90% of your investment in fees if you put in $25,000 or 0.23% if you invest $100,000.

Lear Capital

Lear Capital charges different fees for managing your gold and silver IRA account in the first year compared to the following years.

What You Pay For: Cost:
First-Year Fee for IRA Account: $280
Fee After First Year: $200 every year
Orders Over $10K: No $50 setup fee
Orders Between $25K – $50K: The first year fee is given back after the first month
Orders Between $50K – $75K: No fees for the first and second-year
Orders Over $75K: No fees for three years

Lear Capital also has special offers where you can save on fees if you order a lot. For example, big orders can eliminate the setup fee or even years of fees.

This helps a lot if you’re planning to invest a large amount. It’s always good to consider these fees before deciding where to invest your retirement savings.

3rd Party Reviews of Goldco and Lear Capital

Goldco and Lear Capital are well-known options for investing in precious metals. This below comparison uses reviews from third-party websites to show what customers like and dislike about each company.

Review Platform: Goldco: Lear Capital:
Better Business Bureau (BBB): A+ rating, 4.81/5 from 1,035 reviews A+ rating, 2.68/5 from 31 reviews
TrustLink: 5/5 from 254 reviews 4.5/5 from 326 reviews
Trustpilot: 4.8/5 from 1,454 reviews 4.8/5 from 2,221 reviews
ConsumerAffairs: 4.8/5 from 1,687 reviews 4.9/5 from 1,376 reviews
Google My Business: 4.9/5 from 2,600 reviews Not available

Goldco, a precious metal IRA company, got mixed feedback. Happy customers liked the friendly staff and easy setup, praising workers like Ben Moaci and Joshua.

On the other hand, some people were upset, saying Goldco sold them low-quality metals that were hard to sell and came with high fees. These customers felt cheated, warning others to be careful with Goldco.

In contrast, Lear Capital has mixed reviews as well. Happy customers appreciate representatives like Frank and Reid for clearly explaining things, being patient, and helping with first investments in metals.

However, there are complaints about high fees: one customer mentioned a 30% fee, and another was unhappy with a substitute representative after their regular one, Armando, left. These reviews show that good service and clear fees are crucial at Lear Capital.

Goldco and Lear Capital Pros and Cons

When comparing Goldco and Lear Capital, it’s good to look at the pros and cons.

Here’s a simple breakdown of their pros and cons:

Goldco

Pros:

  • Good Reputation: Many people trust Goldco for its excellent service.
  • Focuses on Gold and Silver: Perfect if you’re mainly interested in these metals.
  • Helpful Service: They guide you well if you move retirement money into metals.
  • Learning Resources: They offer lots of information to help beginners.
  • Buyback Option: They can buy back your investment, which is a plus.

Cons:

  • Fee Details: It’s hard to know what you’ll be charged until you sign up.
  • High Start: You need a lot of money to invest with them.

Lear Capital

Pros:

  • Variety: They have gold, silver, platinum, and more.
  • Experienced: They’ve been around for a long time.
  • Clear Pricing: Shows the cost of metals on their site, so no surprises.
  • Storage Choices: You can choose how to store your metals safely.
  • Guides for Beginners: They also offer help and information for starters.

Cons:

  • Service Could Improve: Their customer service might not be as good as Goldco’s.
  • Website Issues: Some people find their site hard to use.
  • Fees Can be Unclear: Like Goldco, getting detailed fee info might require a call.

Goldco is great if you want a personal touch and focus on gold and silver. Lear Capital is a good pick if you’re looking for a wider variety of metals and like seeing prices easily.

Which Company Should You Invest with?

As an expert in the field, I recommend investing with Goldco for individuals focusing on long-term retirement planning.

My choice leans towards Goldco’s strong commitment to educating its clients and providing tailored advice for diversifying retirement portfolios with precious metals.

Goldco distinctly stands out for its exceptional customer service. It guides clients through the intricacies of precious metals IRAs, making it especially appealing for those new to this investment sector.

Their expertise in handling retirement accounts and a broad selection of gold and silver investment options align well with safeguarding one’s retirement assets against market volatility and inflation.

Conclusion

When looking at Goldco and Lear Capital, you see two top gold IRA companies for investing in gold and silver. Goldco is known for its great customer help, teaching materials, and easy-selling options.

Lear Capital impresses with a wide selection of items and strong market advice. Each firm gives investors a trusted way to add gold and silver to their investments, fitting their goals and choices.

BEST COMPANY
BEST OVERALL
9.8

Goldco Precious Metals

  • Goldco Surpasses $2 Billion in Precious Metals Placements
  • Over 5,000 Five-Star Ratings on BBB, Trustpilot, and ConsumerAffairs
  • Seven-Time Winer on the Inc. 5000 List

 

Disclosure: “The owners of this website may be paid to recommend Goldco or other companies. The content on this website, including any positive reviews of Goldco and other reviews, may not be neutral or independent.”
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