Best Gold IRA
top 3 Gold ira companies
Disclosure: Our content does not constitute financial advice. Speak to your financial advisor. We may earn money from companies reviewed.
Investors find it increasingly wise to preserve their capital by turning to precious metals due to the rising stock market volatility and economic unpredictability. In addition to a Traditional IRA’s security and financial advantages, transferring your retirement money to a Gold IRA gives you access to the implicit advantages of precious metal investment.
However, to accomplish this financial shift effectively, you must choose a Gold IRA provider that you can trust & work with effectively. In this article, we’ll examine the 3 Best Gold IRA providers on the market right now. After considering your available cash, risk tolerance, and financial goals, you can determine whether you wish to invest in them.
Based on the highest customer ratings from the Better Business Bureau (BBB) and the Business Consumer Alliance, comprehensive assessments of the top Gold IRA providers are provided below (BCA). We evaluated these companies based on the following criteria:
- Trustworthiness
- Customer service
- Fees and additional costs
- Transparency
- Investment options
- Assistance with compliance
- Customer education
It would be unsettling to trust a firm with your retirement funds if you know little or nothing about them. However, the businesses we’re talking about here are all trustworthy and will go above and beyond to inform and help you secure your assets.
- Money magazine’s “Best Overall” Gold IRA Company in 2022
- Quarterback Joe Montana and his financial team chose Augusta
- Zero fees for up to 10 years — every customer qualifies
- Free guides on how to avoid gimmicks & high-pressure tactics used by gold IRA companies
The Best Gold Investment Services Providers
Most gold IRA organizations have some special characteristics, but the ones we’re talking about stand out for their trustworthiness, professionalism, transparency, and expertise. Investment firms must make the procedure thorough and easy with timely feedback and knowledgeable assistance.
The top gold IRA firms, according to our extensive study and analysis, are:
#1 – Augusta Precious Metals
Augusta Precious Metals is one of the best companies offering Gold IRAs. The business has an impeccable reputation in the market and has never had any complaints filed against it with the Better Business Bureau (BBB) or Business Consumer Alliance (BCA). Additionally, it provides lifetime account support and the most affordable cost. Additionally, before making any purchases, you will be invited to a private online conference for education.
Important Information Regarding Augusta Precious Metals
- Since its founding in 2012, the only gold IRA provider has received zero BBB or BCA complaints.
- A Harvard-trained economist employed by the firm is hosting a unique one-on-one online conference for investor education.
- Selected Joe Montana’s advisers after researching the leading gold IRA firms
- Pricing that is fair and clear, with a maximum of 10 years’ worth of costs waived
- No sales practices that include pressure, including no gimmicks or intimidation & lifelong assistance for account
- Exclusively focused on silver and gold IRAs
P R O S
✅ No complaints registered with the BBB or BCA
✅ Outstanding reputation and top-notch service
✅ A process that is clear, streamlined, and informative with affordable price (fees for the first ten years are waived)
✅ An innovative, no-pressure online conference is free and available on a one-to-one basis.
C O N S
❌ There is no online setup
❌ $50k minimum deposit required
Many people worry that their present retirement plans, often of a traditional form, may not be enough to ensure a financially secure retired life in the future given the pandemic’s mayhem, growing inflation, and the loss of employment. Thus, Augusta Precious Metals may be helpful.
There is no question that Augusta can assist any American investor who wants to safeguard his retirement by understanding the economy’s current status and the benefits of and strategies for diversifying with actual silver and gold.
Along with its outstanding reputation and competitive cost, it is among the most significant arguments for choosing Augusta over its competitors. After all, winning over the personal advisers of a multi-millionaire like Joe Montana is not a simple affair.
If you’re considering starting a Gold IRA for your retirement portfolio, you can’t go wrong with Augusta.
Augusta Precious Metals’ Specialty Offers
Gold IRAs:
The IRS has approved them as a retirement investment option with tax advantages. In essence, it’s a “self-directed” investment that lets you take advantage of the many advantages silver and gold investments offer while managing your funds. The benefits and regulations of regular IRAs also apply to gold IRAs. A custodian must oversee its administration, and a safe location must house its storage.
Augusta gives its customer actual silver and gold for this kind of IRA. Along with helping you learn about and establish your account, it also provides services instructing you on interacting with the custodian and storage facility.
Silver IRA:
Comparable to a gold IRA, but with silver instead of gold.
Non-IRA Silver and Gold Cash Accounts:
These accounts let investors purchase silver and gold coins and deposit them anywhere. These coins increase in value over time, enhancing the investors’ financial standing.
Custodian Services For Physical Silver And Gold Storage
Despite the fact that the firm offers silver and gold coins, they collaborate with storage facilities to provide you with safe storage for these coins as well. The website for Augusta has a map that displays the locations of various storage facilities so that you may choose one that works best for you.
You must have a custodian manage your account if you have a silver or gold IRA. You can trust Augusta’s business practices because of its affiliations with many custodians. Upon completion, Augusta genuinely assists you with 95% of the paperwork. Additionally, unlike some other gold IRA suppliers, it keeps in touch with you after you’ve bought your silver and gold so that you may connect with your custodian more effectively.
Multi-Team Method
Last, Augusta’s multi-team strategy for the consumer deserves particular attention. Each business employee is prepared to assist you in understanding silver and gold and opening your account without difficulties. Additionally, they keep helping you along the road as your investments increase. Silver and gold ownership is equivalent to embarking on a journey. The organization is always prepared to provide you with that essential assistance whenever required, making it simple to diversify your retirement assets.
Required Gold IRA Fees
Minimum Investment: $50k
Annual cost: $180 (custodial plus storage fees – no additional management fees chargeable)
Admittedly, some investors could find Augusta’s high minimum of $50,000 to start, compared to the competitors, to be onerous. However, this is the only issue with the business. Many retirement investors indeed have little trouble coming up with this bare minimum. So, it won’t be difficult for them to begin working with Augusta.
Regarding fee structures, Augusta is very open. For precious metal IRAs, there is a nominal custodial maintenance cost of $80 and a depository storage fee of $100.
Since you essentially handle your account, there aren’t many startup costs associated with custody, and Augusta doesn’t charge any administrative costs. In addition to storage, the firm provides complimentary custodial services for ten years.
In summary, Augusta’s price structure is very competitive. Additionally, the compliance division of the business ensures that you are aware of exactly which items and at what price you are paying. The order desk is happy to spend as much time as you need with you to help you to the best options for silver and gold and help you assemble a precious metals portfolio.
#2 – GoldCo
With Goldco investing is simple since a customer care representative will walk you through every step of the process.
Important Information Regarding Goldco
- Fifteen years or more of experience
- Outstanding client service
- Customers may purchase tangible goods.
- Low costs
- Excellent client feedback
P R O S
✅ Low yearly costs
✅ Exceptional client service
✅ Free storage is available for non-IRA metal assets.
✅ The top customer reviews in the sector Extra benefits for qualified purchases
C O N S
❌ Only accessible via a special URL is the sign-up procedure.
❌ Unable to set-up online
❌ Required minimum to invest is $25k
Your retirement worth has decreased significantly due to increased inflation, stock market volatility, and a weaker currency. Silver and gold are examples of precious metals that have maintained their worth throughout the years and are legitimate commodities. The American dollar, on the other hand, is no longer backed by gold or anything else and is merely a fiat currency.
This indicates that if unfavorable financial market events occur, every investment using dollars or stocks is vulnerable to unacceptable risks. Because they are independent of the currency and the stock market, precious metals may be categorized as standalone assets. For instance, these assets perform best when the stock market drops.
This is a good enough excuse to diversify your retirement savings via investments in precious metals and ensure your financial security.
Goldco Services Offered
The following services are offered to customers by Goldco:
- IRA for silver and gold
- Assistance with 401(k) account rollovers
- IRAs for gold with self-storage
- Sale of collectibles and precious metals in the non-IRA category
- Buyback of silver and gold bars, coins, and bullion obtained from the business
Goldco gives its customers fair and open buyback prices. However, you are not required to return your precious metal holdings to the corporation upon retirement.
Customers of Goldco may choose between two kinds of services:
- Gold-backed IRAs (self-directed)
- Direct purchase
Gold-backed IRA
What is known as a classic precious metal IRA may be purchased by anyone 70½ years old or younger. These IRAs are open to silver, gold, or any combination of the two as investments. The professionals at Goldco provide customers with advice on how to approach investing effectively.
The business complies with all IRS rules and regulations. To offer advanced storage facilities for precious metal assets, Goldco has partnerships with third-party custodians. There are several of these vaults around the nation. Goldco collaborates with various custodial businesses, although they choose Equity Trust Company.
Direct Purchase
There are no limitations on these purchases. Goldco, which has a stock of collectible products in these precious metals, offers consumers the choice to acquire silver, gold, or a combination directly. A purchaser may take direct ownership of their precious metals or store them in a safe storage facility, whichever is more desirable.
Goldco Fees
Goldco claims its charge schedule is created considering the consumer’s needs. In terms of costs and the caliber of customer service, they are in direct competition with Augusta Precious Metals.
One-time fees:
$50 for IRA establishment.
A $20 wiring charge
Annual Fees:
$150 for segregated storage and $100 for non-segregated storage
An $80 maintenance charge
Customers of IRAs who use non-segregated storage will only need to pay $260 for the first year and $180 each year after that. Customers of IRAs who choose segregated storage will pay $310 in the first year and $230 in subsequent years.
If the customer’s account is started with $50,000 or more, Goldco does not impose any fees. Annual fees are increased by an average of $50 for accounts with $100,000 or more balances.
Minimum Investments
The investment minimum for precious metal IRAs is $25,000.
For non-IRA transactions, a $3,500 minimum investment is needed.
#3 – Birch Gold Group
Our Take
Birch Gold Group is among the best companies providing physical purchases and precious metals IRA investments. Almost all investors may qualify to invest with this firm due to the minimal minimum investment requirement.
Birch Gold Group Key Points
- Experience of more than 17 years
- Offers physical purchases
- Outstanding client service
- Low fees
- Excellent client feedback
P R O S
✅ Dedication to education and communication
✅ Exemplary client relations
✅ Offers platinum, palladium, gold, and silver
✅ Various promotions
C O N S
❌ Specific link available for signup.
❌ Does not immediately disclose fees
❌ No buyback assurance
A provider of precious metals IRAs, Birch Gold Group was founded in 2003. The business trades in platinum, palladium, silver, and gold. Birch specializes in assisting customers who want to convert their current 401k, IRA, and other retirement funds into what is known as a self-directed precious metal IRA.
Compared to some other rivals, Birch offers a more diverse precious metals IRA since it allows you to invest in 4 different metals like coins, bars, and rounds.
No investment carries zero risk, and Birch wants people to understand the benefits and drawbacks of diversifying their retirement investments. Regarding customer service, educational materials, communication, and simplicity of use, Birch has gotten stellar customer feedback.
Business consumer alliance and the Better Business Bureau are two groups that grade the firm well.
Custodian Fees for IRAs
The custodian that the business arranges for many of its customers charges the following fees:
$50 for setup
Maintenance costs of $80
$100 for storage
Other Fees
There are special incentives for all customers purchasing gold for the first time and ongoing promotions. These promos do, however, sometimes change. The following specials are on offer right now:
The first year’s fees are waived if you invest $50,000 or more in a precious metal IRA.
For cash transactions of $10,000 or more, delivery is free.
The reward for qualifying purchases is a maximum of $10,000 in free metal.
Minimum Investments
Investment minimums for precious metal IRAs are $10,000.
Additionally, cash transactions require a $10,000 minimum commitment.
