Best Gold IRA Companies
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Have you noticed how volatile the stock market is today? Market values can be soaring, and by the next day, they have tanked! While it’s a great idea to have some cash invested in bonds and stocks, you do not want to invest all of your money in any one asset.
Take this into consideration. Suppose the stock market crashes once you’ve retired. Would there be enough money to live out your retirement as planned? Or ……..would you need to start a new career to make ends meet?
Luckily, there are ways to secure your financial stability throughout your full retirement. By investing in gold, silver, and other precious metals, you can diversify your portfolio and protect yourself against Wall Street.
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Reviews and Breakdowns for Gold Company IRA's
- 1) Goldco - Rating: 9.9
- American Buffalo Coin
- American Gold Eagle (bullion)
- American Gold Eagle (proof)
- Canadian Gold Maple Leaf
- Australian Striped Marlin Coin
- Washington Monument Coin
- Independence Hall Coin
- Phoenix Coin
- Liberty Coin
- Numerous other Gold Bars and Rounds
- American Silver Eagle (bullion)
- American Silver Eagle (proof)
- Canadian Silver Maple Leaf
- Silver Great Barrier Reef
- Australian Spotted Eagle Ray
- Australian Spotted Eagle Ray
- Numerous other Silver Bars and Rounds
Founded in over a decade ago, Goldco has earned a very commanding reputation in the business of gold investing. The Business Consumer Alliance gave them a AAA rating, and the Better Business Bureau gave them an A+ rating. They have also received numerous positive customer reviews.
This company offers Silver IRA’s & Gold IRA’s. These are very much like traditional IRA’s and both offer tax benefits that allow individuals to grow their wealth while prepping for retirement. The key difference is that instead of being required to invest in the stock market, you can invest in gold or silver coins and bars!
Helping their customers set up a new IRA and roll over a pre-existing plan to a new IRA is one of the best services offered by Goldco. Creating a new IRA or rolling over to a new one with this company will be a long-term decision you will be very pleased with. By setting up a Gold or Precious Metals IRA, it ensures your protection against falling economies, and stock market crashes. If you have some of your money invested in gold, you won’t need to be worried about losing a large portion of your wealth in the case of catastrophic events.
On Goldco’s website, they offer a straightforward application form that allows individuals to start the process of creating or rolling over an IRA. Once you’ve indicated how you will be funding the account, a precious metals specialist will work with you to move the money to your new account.
Once your money has been transferred over, you may choose to add gold and silver coins and bars. If you are not sure of what you should invest in, the experts on Goldco’s team would be happy to assist you and offer any tips to help you in your decisions.
Goldco offers a wide variety of silver and gold bars and coins that are IRS-approved. They have a wide selection of gold and silver items and brands to choose from for your new IRA. Some available options are listed in the 2nd stanza below.
Not all precious metal pieces may be kept in an IRA due to certain IRS regulations. Gold coins and bars are required to be a minimum of 99.5% pure, while silver bars and coins are required to be 99.9% pure.
Are you looking to learn more about setting up your Gold IRA? Goldco also offers a free guide to self-directed IRA investing which you can request through a download off their website.
- The Better Businesses Bureau gave them a rating of A+
- Goldco’s IRA’s have the ability to invest in precious metals
- Over a decade of experience with gold IRA’s
- Excellent customer service
- Does not offer storage of custodian services
- Annual fee of $175 for accounts that are worth less than $100,000
- Platinum and Palladium coins and bard are not offered
- 2) Augusta Precious Metals - Rating: 9.7
August Precious Metals brings a knowledgeable & experienced team to help each client grow their investment wealth. They have the highest ratings & standards in the industry. Strategizing with this company ensures you will have a lot less to worry about, as you will find 95% of the work is done for you!
Augusta Precious Metals has solid customer reviews on many important platforms such as Google and Facebook, as well as other recognized review sites. The Business Consumer Alliance awarded them with a AAA rating, and they earned an A+ qualification from the BBB. They also received the highest rating possible from TrustLink.
A primary service they offer is to help clients roll-over a pre-existing Gold IRA or to set up a new account. Choosing this company to guide you through your journey will give you stability and protection of your finances against future stock market dives.
They are also partnered with numerous Gold and Silver IRA custodian companies that work with clients to set-up new Gold IRA’s or determine if an existing account is eligible for a rollover. Some of these companies are GoldStar Trust Company, Equity Trust, and Kingdom Trust.
Once you have setup your funding with one of these IRA custodian companies, you will then be able to choose which eligible gold and silver items you would like to hold in your account. Not all gold and silver items may be held in an IRA due to certain Internal Revenue Service regulations. Gold coins and bars are required to be at a minimum 99.5% pure, while silver bars and coins are required to be 99.9% pure.
Below are a number of Augusta Precious Metals’ gold and silver items:
Various secure storage options are offered for clients. Keep in mind that due to IRS regulations, precious metals placed in Gold IRA’s must be stored only in facilities approved by the IRS.
Augusta Precious Metals utilizes locations across the country to give more storage options for clients. Regardless of its location, each storage facility offers full insurance and security for your account value. Some facility locations include New York, Massachusetts, Bridgewater, North Dakota, South Fargo, Utah, Salt Lake City, Delaware, Wilmington, California, and Los Angeles.
Purchasing gold and silver for personal investment is also an option with Augusta Precious Metals. They offer a wide variety of premium gold and silver bullion that can be shipped to your home.
- Each order includes shipping & shipping insurance
- Numerous storage locations offered across the country
- Simplified IRA rolling process
- Platinum and Palladium coins and bars are not offered
- 3) Birch Gold Group - Rating: 9.4
Made up of highly experienced professionals from companies like IBM and Citigroup, the Birch Gold Group is knowledgable and they are ready to help clients make great investment decisions. Their team members are always there to address any questions and concerns that may arise to make sure each customer is confident in their path.
Earning high customer reviews, as well as an A+ rating from the Better Business Bureau.They also have a AAA rating from with Business Consumer Alliance, the Birch Gold Group ensures the utmost confidence for individuals investing with the company.
Helping customers rollover their precious metals IRA’s or creating new IRA’s is the Birch Gold Group’s specialty. If you are interested in this process, visit their website to connect with a specialist and begin the process. To begin, the first thing you will need to do is fund your account.
If you are using your own personal funds to set up a new account, you will be able to wire them to the Birch Gold Group. If you are planning on rolling over an existing IRA to a new one you will be assigned a Precious Metals IRA custodian. Two custodian companies that the Birch Gold Group works with, both having an A+ rating from the Better Business Bureau are STRATA Trust and Equity Trust.
Once you’ve transferred your funds to your new IRA, you may now choose which precious metals you would like to add to your account. The Birch Gold Group offers a wide variety of precious metals selections including gold, silver, platinum, and palladium coins and bars. Remember that not all gold and silver pieces may be utilized in an IRA due to certain IRS regulations. Gold coins and bars must be at least 99.5% pure, while silver bars and coins are required to be 99.9% pure. Platinum and palladium must be 99.95% pure.
Here are some coins and bars available to choose from:
- American Buffalo Coin
- American Gold Eagle (bullion)
- American Gold Eagle (proof)
- Canadian Gold Maple Leaf
- Austrian Philharmonic Coin
- Australian Nugget/Kangaroo Coin
- Gold Gyrfalcon Coin
- Gold Polar Bear and Cub Coin
- Gold Rose Crown Guinea Coin
- Gold Twin Maple Coin
- Valcambi Combi Bars
- Numerous other Gold Bars and Rounds
- America the Beautiful Silver Series
- American Silver Eagle (bullion)
- American Silver Eagle (proof)
- Canadian Silver Maple Leaf
- Austrian Philharmonic Coin
- Australian Kookaburra Coin
- Mexican Libertad Coin
- Silver Gyrfalcon Coin
- Silver Polar Bear and Cub Coin
- Silver Rose Crown Guinea Coin
- Silver Twin Maples Coin
- Numerous other Silver Bars and Rounds
- American Platinum Eagle Coin
- A Variety of Platinum Bars and Rounds
- Canadian Palladium Maple Leaf Coin
- A Variety of Palladium Bars and Rounds
There are two IRS-approved storage options this company offers for their client’s precious metals to be held in an IRA. These include Brink’s Global Services and Delaware Depository. Both of these options include all the security and insurance you will need to trust that your precious metals will be ready and waiting for you once you begin cashing in your investments at retirement.
If you are not sure if the Birch Gold Group will be the right fit for you, you may request their free information kit. it is designed to aid individuals in learning more about investing in gold, silver, platinum, and palladium. This kit includes common questions and answers regarding setting up gold IRA’s, as well as the benefits of investing in silver and/or gold.
- Offers investments in gold, silver, platinum, and palladium
- You can purchase precious metals for your personal investment
- Free information kit available; detailed information for individuals
- Website does not clearly list all account holder fees
- 4) Hartford Gold - Rating: 9.8
Best Dealer For Bullion Purchases!
When it comes to precious metals IRA investments, American Hartford Gold Group is a retailer that you can trust. This family-owned business is operated in Los Angeles, California, and has made it their mission to educate, protect, and empower customers in their goal to save for retirement.
American Hartford Gold has decades of experience when it comes to helping investors choose the right gold bullion for their retirement portfolios. They offer an array of products – including physical gold, silver, and platinum, as well as personalized customer service to help you understand the process of investing in precious metals.
Whether you are a beginner or a seasoned investor, American Hartford Gold Group has the expertise and resources to help you achieve your retirement goals.
Plus, with an A+ rating from the Better Business Bureau, a 5-star rating on review platforms like Google and Trustpilot, recommended by Bill O’Reilly, Rick Harrison, and Lou Dobbs, and having been ranked the #1 Gold Company by Inc. 5000’s 2021 list of America’s fastest-growing private companies, you can be sure that you’re in good hands with American Hartford Gold Group.
With these benefits, as well as an experienced team of professionals to assist you, it’s easy to see why American Hartford Gold is the top choice for gold IRA investments.
- Secure storage; all investments are securely stored in IRA-approved vaults across the country
- Low costs and no hidden fees, making it an attractive option for those looking to maximize their retirement savings
- Expert guidance; provides investors with expert guidance throughout the entire process
- Pricing on the website is not transparent
- No platinum or palladium products are offered
Key Considerations
Although there are a variety of Gold IRA companies available, each come with their own unique service approach. Make sure to take some time to compare the various options to make sure the company you choose will fit your personal needs and financial goals. The following sections will give you a good idea of how to identify some key considerations when comparing your options.
1) Years in Business
Choosing an established Fidelity Gold Fund Review is important to make you feel confident that they are not going to go out of business while they are working with you.
Aside from making sure the business has been around for a while, also take a look at the indicators that make up their reputation. Many of the companies listed above had high ratings from organizations like the Better Business Bureau and the Consumer Affairs Association. Ratings from these associations instills confidence to their clients.
2) Precious Metals Selection
Not all Gold IRA service companies offer the same selection of precious metals. Many of these companies only offer investments in gold and silver, while others offer platinum and palladium as well.
Have a look through the various precious metals coins and bars offered for each company and decide which items you would like to hold in your portfolio.
In addition to precious metals, some companies also offer their clients the option to invest in cryptocurrencies. This option is not common among Gold IRA companies so if this is something you’re interested in, take some time to find which ones offer this service.
3) Fees
All Gold IRA entities charge fees, although these fees will be different for each company. Make sure to have a clear understanding of these charges before signing up as they can apply to account management, shipping, and storage.
4) Storage
When it comes to having a Gold IRA, you do not have as many storage options available to you in comparison to purchasing gold and silver for a personal investment.
In accordance to IRS standards, all precious metals must be held in a facility approved by the IRS. However, these depositories are available across the country and may offer different storage options.
Seek information about these storage facilities and make sure you’re comfortable with their policies before you select a Gold IRA company.
5) Support
Considering that setting up IRA accounts can be quite a complex process, you’ll want to choose a company with excellent customer service to help guide you through your decisions. Having a knowledgable advisor can help in the steps taken in an IRA rollover process, setting up a new account, and to ensure everything runs smoothly and with no extra charges.
When searching through the various precious metals that are available in your best interest, it is important to have some helpful resources that will help you understand these options. Look for experienced companies that some with helpful investment advisors that can help you make important decisions regarding your IRA account.
Our Recommendation
Although all the companies listed above are excellent choices, we recommend Augusta Precious Metals as the top Gold IRA company to work with.
Augusta Precious Metals has a highly trusted name in the gold investment industry, with an A+ rating from the Better Business Bureau, as well as a AAA rating from the Business Consumer Alliance, and loads of reviews from satisfied customers.
They can help you move an existing registered plan into an IRA, as well as set up a new one. Augusta Precious Metals team members are always there to answer your questions and concerns, and to help you pick the right precious metals that will suit your needs. With your personal financial goals in mind, the Augusta Precious Metals team ensures a smooth and clear transfer process with no additional IRS fees.
Augusta Precious Metals offers a wide variety of precious metals so that you can diversify your portfolio with a selection of gold and silver bars and coins. As you work your way towards retirement, continue to add to your IRA each year to grow your wealth.
We are confident that you’ll choose Augusta Precious Metals as your top pick as well. Visit the Augusta Precious Metals website today and fill out their application form to begin the process in setting up your IRA. You’ll be happy you did!
- Each order includes shipping & shipping insurance
- Numerous storage locations offered across the country
- Simplified IRA rolling process
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.
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.
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.
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.
Your current plan may not give you the option to invest in gold, but there are numerous other plans that allow gold investments. Keep in mind that there are specific rules set out by the IRS regarding how gold can be bought and stored. Because of these rules, it’s important to find a reputable company to work with.
You are legally allowed to do a 401(k) rollover and avoid paying taxes and penalties, but to do this you must follow the correct process. Start by contacting your current 401(k) plan and explain your situation. The rollover may take several weeks or months to complete, so it’s best to begin as soon as possible.
Traditional 401(k) plans and IRA’s are tax-deferred savings accounts, meaning you do not need to pay any taxes on your contributions. Once you retire and eventually withdraw your funds, you will pay taxes on those withdrawals. You will not get any tax breaks if you purchase gold for personal ownership. Right now, the only way to avoid paying taxes on gold is by purchasing it through your 401(k) plan or IRA.
Although this process is a bit tricky, you absolutely can purchase physical gold in your 401(k) plan. Since your IRA cannot be the seller and holder of the gold, they will need to store the physical gold with a third party. You are also not personally allowed to hold the gold. You may only keep gold and silver in a plan of this type if someone else is storing it, according to the IRS. While you will not be allowed to have physical control over the gold, you may still be allowed to access the storage facility.
