Which Gold IRA Company Is Best?
When it comes to investing in a Gold IRA, the amount you want to invest is not the only factor to consider. It’s crucial to prioritize the protection of your retirement funds through a physical gold and silver IRA provided by reputable companies with a proven track record of helping investors secure their financial future.
Fortunately, several companies offer excellent services for your investment needs. All of the companies listed below have received an A or A+ rating from the Better Business Bureau. However, each custodian has its own strengths and weaknesses, so it’s essential to identify the gold IRA company that best suits your individual requirements.
Disclosure: As a professional review site, we may receive compensation from companies whose products we review and recommend. It’s important to note that we are independently owned, and the opinions expressed on our site are solely our own.
1.Augusta Precious Metals
Augusta Metals is a highly esteemed company that places the customer at the forefront of the process of setting up a gold IRA. This organization is dedicated to transparency and education, and never views the customer as just a transaction.
To fulfill this mission, Augusta has specialists on hand to assist you in understanding the products, constructing your portfolio, managing distributions, and building a lasting legacy for the future.
One advantage of Augusta is its ability to store your precious metals in a variety of secure facilities across the United States, including California, Utah, Ohio, Delaware, and New York. The company provides free transportation insurance for your precious metals during transit to the selected facility, and you can schedule a viewing appointment at any time.
If you’re looking to learn as much as possible about the process of investing in a gold IRA, Augusta Precious Metals stands out for its extensive online resources. The company’s website offers ample information and is a great resource for honest answers about the good and bad reasons to invest in gold.
Pros:
- Exceptional customer service
- A+ rating from the Better Business Bureau
- High customer satisfaction
Cons:
- Minimum investment requirement of $50,000
2.Goldco
Goldco is a highly rated firm with over 10 years of experience helping customers protect their wealth and assets through precious metals IRAs. This company offers both gold and silver IRAs, and customers have the option to roll over funds from existing accounts.
One of the standout features of Goldco is its commitment to offering the highest buyback price for precious metals. This program is particularly appealing as the company also assists customers in funding their IRAs with gold or buying silver and gold directly.
Goldco strives to make the IRA process easy and streamlined, with just three simple steps. With the help of a Goldco Specialist, customers will establish a self-directed IRA, fund the account with existing savings or additional cash, and then choose the precious metals that will be part of their gold IRA.
When it comes time for distribution, Goldco will provide the precious metals or assist in converting them to cash.
This company boasts many celebrity endorsements and accreditations, and if you’re interested in hearing from notable people like Chuck Norris or Ben Stein, Goldco has plenty of resources, books, and articles for you to peruse.
Pros:
- Specializes in precious metals-backed IRAs
- Over a decade of experience in precious metals IRAs
- A+ rating from the Better Business Bureau
Cons:
- Does not offer custodian or storage service
3. American Hartford Gold
American Hartford Gold specializes in providing precious metals and gold IRAs with a focus on customer satisfaction and personalized service.
The company offers a variety of IRA-approved and collectible coins for emergency purposes or investing in a gold IRA. American Hartford Gold partners with reputable organizations such as Brinks Global Services and Delaware Depository to ensure customers have full control over their investments, even when they are stored in secure depositories.
Regular statements help customers track their investments and the company offers a 4.93/5 score from the Better Business Bureau. The company requires a low minimum investment of $2,500 and offers a price match guarantee and buyback commitment. However, pricing information on the website is limited.
American Hartford Gold is a great option for customers seeking personalized service and a range of investment options.
4. Birch Gold Group
Birch Gold Group offers educational resources to help customers make informed financial decisions.
They offer gold, silver, platinum, and palladium for precious metal IRAs and recommend self-directed IRAs over home-storage options due to regulations and precautions. They work with reputable organizations like Delaware Depository and Brinks, and prioritize safety and trust. Birch provides personalized care to each customer and values diversification to protect and grow investments.
Notable figures such as Ben Shapiro and Forbes CEO Mike Federle support Birch’s mission.
5. Noble Gold Investments
With two decades of experience in the investment industry, Noble Gold offers a seasoned outlook on the entire investment process. They assure that investing in a gold IRA with them will be tax-efficient and maintain its value over time. Furthermore, gold IRA owners are able to join a global currency network with no fear of the gold market collapsing, instead expecting to see their wealth grow as gold withstands inflation.
Noble Gold allows you to keep track of your precious metals stored in your gold IRA. You can even arrange to view them in person. The company mentions an annual fee of $80-$150 to cover storage and insurance expenses.
Noble Gold places a strong emphasis on providing segregated storage for your precious metals, rather than offering commingled storage at a lower cost, which only grants partial ownership of your metals. Their storage facility in Texas sets them apart, making them a suitable option if you prefer to keep your assets in the South.
Protection is Key
The company offers the discreet delivery of precious metals to your doorstep through Noble Express, a unique feature within the Royal Survival Pack. This additional service, not offered under their gold IRA programs, provides peace of mind that your valuable metals are secure.
For an alternative to home delivery, Noble Fortress offers two high-security storage options, ensuring the safety of your valuables.
Pros:
Clear fee structure
Knowledgeable and helpful staff
Low minimum investment required
Will provide you with photos of your gold/silver holdings
Cons:
Limited to national storage options
Visit Site
Why Invest in Gold?
Gold, silver, and other precious metals are valued assets due to their enduring worth. While the price of gold may fluctuate, its long history of retaining value sets it apart from currencies and stocks that are prone to rapid drops. Unlike other forms of investment, gold will never lose its worth.
Gold is not only a scarce resource, but it has also been utilized in technology, medicine, and various cultures throughout history. Many individuals see ownership of precious metals as a way to safeguard their investments against inflation and to diversify their portfolios. Gold is a good investment in a recession.
Once you purchase gold in the form of bullion, bars, or approved coins, it can be securely stored in a facility and appreciate in value, adding even more worth to your IRA account.
Additional Fees & Costs
It’s important to understand the various expenses that come with using gold IRA companies. Although many would argue that the security of investing in precious metals outweighs the extra costs, it’s crucial to be aware of all fees involved.
When working with a third-party to establish a gold IRA, you may incur costs such as account setup fees (ranging from $50 to $100), annual maintenance fees (ranging from $75 to $300), seller fees over and above market prices (around $40), insurance fees (ranging from $100 to $300), and storage fees proportional to the amount of gold you own.
Different Types of Gold IRAs
Gold IRAs function similarly to traditional retirement accounts. Once you establish a gold IRA, you must wait until you reach the age of 59 ½ to withdraw assets without being penalized 10% and paying taxes. Roth IRAs work similarly in that they allow customers to invest money after paying taxes, thus avoiding taxes on distributed assets.
Owners of a traditional gold IRA are also required to withdraw a minimum amount annually once they reach the age of 70 ½.
The Best Options
Each of these gold IRA companies boasts high accreditation and a wealth of positive reviews. While choosing any of these options would be a wise choice, it’s also worth considering what sets them apart as the best in their field.
If you’re looking for a company that prioritizes preparing you for uncertain times and ensuring you have the resources to stay in control, Noble Gold is the top choice.
Goldco boasts a strong reputation and will provide you with peace of mind knowing you’re in good hands with many satisfied customers.
For those who want transparency and detailed information about their investment, Augusta Precious Metals is the ideal choice.
Birch Gold leverages its business acumen to provide you with the smartest advice for your investment.
And if customer service is of utmost importance to you, American Hartford is the company that will prioritize you as a valued customer.
Disclosure: As a professional review site, we may receive compensation from companies whose products we review and recommend. It’s important to note that we are independently owned, and the opinions expressed on our site are solely our own.