Yes, GoldStar Trust Company is a legitimate, regulated business, not a scam. It’s a licensed trust company registered with the South Dakota Division of Banking, providing custodial services for self-directed IRAs since 1989. It operates as a subsidiary of Centennial Bank, adding institutional credibility.
It holds alternative IRA assets like precious metals, real estate, and church bonds.
Reviews are mixed. Ratings vary widely across platforms (BBB, Trustpilot, Yelp), and complaints often center on slow processing, high fees, and customer service during transfers or disbursements. As with any custodian, verify current fees and reviews before opening an account, since they don’t vet the investments themselves.