- GoldLine is a precious metals IRA company that specializes in gold IRA accounts.
- The company offers physical gold storage, tax-deferred IRA gold investments, and IRA-approved gold bullion.
- GoldLine IRA accounts are IRS-approved and provide tax-deferred growth along with potential appreciation from gold’s historic price appreciation.
- GoldLine Direct is GoldLine’s division of the firm which offers precious metal IRAs, gold bullion, and silver bullion.
- GoldLine Direct offers these metals at competitive prices, and customers can purchase online using a credit card.
GoldLine is a precious metals IRA company that provides safe, secure, and low-cost precious metals storage. The company’s website states that it began in 2001, and that “we have watched gold rise from $250 (in 2001) to over $2,800 per ounce today.” Besides its IRA services, GoldLine also offers nonretirement investing through its GoldLine Direct division.
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GoldLine Reviews: Pros and Cons
Pros:
GoldLine offers easy setup, low storage costs, and a $1,000 minimum.
Cons:
GoldLine fees are higher than some other competitors, and there are additional fees for wire and IRA transfers.
GoldLine charges a fee of $100 (0.25%) per order, and an additional $25 (0.05%) per IRA transfer.
GoldLine charges a storage fee of $10 per month per troy ounce.
GoldLine offers IRA rollovers, which are $100 for standard IRAs and $200 for Roth IRAs.
Pros Explained
GoldLine is one of five “preferred” gold dealers for the most popular gold investing vehicle, the gold IRA.
GoldLine offers a lot of useful information on its website. For example, it offers videos to help investors set up their gold IRAs, and it publishes a number of guides covering everything from how to purchase coins to how to roll over an IRA.
GoldLine provides attractive rates for buying and storing gold.
GoldLine offers gold and silver bullion coins, which are produced by professional mints, and this reduces the risk of fake coins.
GoldLine offers the flexibility to buy and store precious metals with an IRA, brokerage account, or bank account.
GoldLine offers 24/7 customer service.
GoldLine charges no account fees.
GoldLine allows customers to buy and store precious metals outside of the IRA.
GoldLine has $1 million in insurance for customers’ gold.
GoldLine offers IRAs through several custodians, including Scottrade and TD Ameritrade.
GoldLine has a “buyback guarantee” and a “coin guarantee.”
Cons Explained
GoldLine doesn’t offer the wide range of precious metals that some other gold dealers do. For example, Goldline doesn’t offer silver or platinum.
GoldLine doesn’t offer investors the ability to buy precious metals through an IRA.
GoldLine doesn’t offer investors the ability to sell precious metals.
GoldLine doesn’t offer investors the ability to buy gold and store it for them.
GoldLine doesn’t offer investors the ability to sell precious metals through IRAs.
GoldLine doesn’t offer investors the ability to buy precious metals in fractional amounts.
Cons Explained
1. The Gold IRA and Gold Investment Guide are expensive and misleading
The Gold IRA and Gold Investment Guide cost $297.00.
The Gold IRA and Gold Investment Guide is expensive and misleading. It is nothing more than a glorified prospectus.
The Gold IRA and Gold Investment Guide has pages of fine print, which makes it even more confusing. It also tells you absolutely nothing about how to invest in gold.
It’s misleading because GoldLine tells you to invest in gold, but fails to tell you how much gold.
GoldLine offers you three investment options:
Gold IRA
Gold Time Deposit
Gold Bullion
GoldLine tells you nothing about the pricing of these products. They simply tell you that GoldLine has specialized in gold for over 25 years.
GoldLine’s Price
While GoldLine’s annual management fee is high, the company does offer additional services that can help you make your Gold IRA investment worthwhile.
GoldLine’s annual management fee is 0.35%. In return, the company offers the following complimentary services:
Lifetime storage of your physical precious metals
A 90% buyback guarantee
A transfer service
Annual reporting on the value of your metals
A 100% satisfaction guarantee
A five-year price guarantee
GoldLine’s Price Guarantee is a valuable tool, ensuring that your gold will never fall below $1,200 an ounce, no matter how much the market drops. GoldLine’s buyback guarantee offers protection against the devaluation of your metals.
What Would Be Your Gold IRA?
Gold IRA Rollover: Learn how you can invest in gold.
Gold Investing: Learn the different ways to invest in gold.
Gold IRA Calculator: Use this gold IRA calculator to see if a gold IRA is right for you.
Gold Investing Guide: Learn how you can invest in gold.