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The Best Gold IRA Companies 2021

Catherine Tramell
Catherine Tramell

Last updated 5. august 2021

Precious metals

Why Invest in a Gold IRA

Gold IRAs are hot. Every sensible investor with retirement on their minds is considering holding their money in a gold IRA. The problem, however, is finding the right precious metals IRA company for investing in the yellow metal. Making things even more difficult is the plethora of self-directed IRA companies soliciting your patronage.

If you are new to gold IRAs or a seasoned investor who has never had any exposure to gold IRAs, you may feel dizzy merely glossing over the options at your disposal. Luckily, this guide intends to cut out all the clutter and clatter, making things relatively straightforward in the process.  

You’ll learn about gold IRAs in tremendous detail so that you understand the reasoning behind the IRA companies suggested (later in the guide). Everything you possibly would want to or should know about gold IRAs are discussed, which include:

  • Setting up an IRA account
  • Multiple stakeholders
  • Gold coins eligible/not eligible for an IRA
  • Pros and cons of a gold IRA, etc.

There’s just so much to discover and assimilate!

Even if you’ve never heard of the terms Gold IRAs or Precious Metals IRA before, this article will be your one-stop resource for everything on the topic. And if you are already familiar with gold and silver IRAs, this article will still offer you invaluable nuggets of information.

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Our Top Rated Precious Metals IRA Companies:
  • goldco precious metals IRA

    Goldco is a precious metals IRA expert with excellent customer service and alot of top rated customer reviews. Read summary

  • Augusta Precious metals

    Augusta Precious Metal is a Precious Metals IRA company with expertise, reputability, and trustworthiness in the industry. Read summary

  • Regal Assets

    Regal Assets has a 99% customer satisfaction rate with a wide range of products. Does also offer Crypto IRA. Read summary

  • noble gold IRA

    Noble Gold Noble Gold protect their clients’ financial futures by giving them a safe and easy way to invest in a Precious Metals IRA and other precious metals. Read summary

  • Birch Gold Icon

    Birch Gold Group has excellent customer service education initiatives that sets them apart from the competition Read summary

What is a Gold IRA?

A form of precious metals IRA, a gold IRA is a specialized IRA (individual retirement account). Besides gold, other metals that can partake in a precious metals IRA arrangement include silver, palladium, and platinum. 

Gold IRAs are not different from a traditional or Roth IRA. The same distribution rules and contribution limits apply. Unlike the other two, however, a gold IRA is “self-directed”, giving it the name “self-directed IRA (SDIRA)”.

An SDIRA can hold a wide range of investment vehicles usually not allowed in regular IRAs. The alternative investments include:

The yellow metal is considered a “collectible” and not allowed in IRAs offered by standard IRA companies. If you have traditional retirement accounts, you must hold your gold investment (in the IRA form) independently.

Is a gold IRA traditional or Roth?

Since a gold IRA is self-directed, you can set it up as a traditional IRA or a Roth IRA. In other words, you can make tax-deductible contributions to the IRA or choose to pay tax before investing and not pay any taxes at the time of distribution.

How much can you contribute to a gold IRA annually? 

If you are not 50, your gold IRA contributions can be a maximum of $6,000 every year. If you are 50 or more, you may contribute an extra $1,000 or $7,000 in total. 

When can you take possession of the gold?

You can start taking distributions when you are 59.5 years or older. You may choose not to take a distribution until you are 70.5. When you turn 70.5 years old, the distribution becomes mandatory. If you take distributions before you turn 59.5, an additional 10% tax would be levied on top of the already applied taxes.

Why Hold Your Funds in a “Gold IRA”?

Gold, along with other precious metals such as silver, platinum, and palladium, have historically served as the perfect shield against the vagaries of the stock market. “Diversification” is vital for any investment or savings portfolio, and a gold IRA offers that.

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  • Growth and Stability

    The ideal investment portfolio is the one that strikes the right balance between risk and growth. While shares and bonds offer more potential for growth, precious metals such as gold, silver, platinum, etc., help steady the boat when the markets are stormy or the economic climate is hostile.

    If you’ve put your money in paper investments such as stocks, bonds, and mutual funds with your retirement portfolio in mind, you would be more than familiar with the unpredictable nature of those investments or the stock market.

    The value of gold spiked during the early 1980s, falling in the $400 to $500 an ounce range. It was so until around 2006. When the sub-prime mortgage crisis struck, the value increased to more than $1,700 per ounce. It then stabilized and came down to the $1,100 and $1,300 range. The current gold price (as of May 2021) is around $1,800 an ounce.

    Gold and other precious metals would never lose their value, as the worth of those metals is intrinsic or not primarily dependent on external factors, which fiat currency is.

  • Diversification

    Gold IRAs would appeal to investors keen on diversifying their investment or retirement portfolio. Generally, gold prices move in the direction opposite to paper investments, rendering the addition of the IRA as an insurance policy or hedge against inflation. This savings approach helps smooth out risk, particularly when the asset is held over a period.

  • Owning the “Physical Metal”

    A gold IRA is not the only way to purchase the metal and save for retirement. Gold mining mutual funds, stocks, ETFs (exchange-traded funds), etc., are also ways to invest in precious metals. However, none of the above lets you own the material gold. Buying physical gold and keeping possession of it is an option, but that’s not as secure.

  • Theft Protection

    Gold is prone to burglary. Even precious metals stored in the most secure home storage facility are not immune to theft. The safety net a gold IRA company provides is also not completely foolproof. But a commercial storage facility is a lot more safe and secure than a home storage setup can ever be.

    Dedicated security personnel and robust technologies to safeguard your investment are deployed at depository firms. And even if the gold gets robbed, the insurance will provide cover or help regain the losses.

The Drawbacks of Holding Money in Gold IRAs

Like with every good thing in life, a gold IRA also has its share of caveats. If any gold IRA company or advisor tells you appreciation in value is certain with gold investments, they are simply not being honest.

  • Not the Most Liquid

    A gold IRA is hard to liquidate compared to buying the precious metal outside of an IRA arrangement. Since a third party is safely holding the metal, you may have to go through multiple hoops to lay your hands on the metal and eventually sell it.

    Gold IRAs, however, make up for the lack of liquidity through “authenticity” and “purity” promises. Gold bought outside of an IRA may be easier to sell and turn into cash, but there’s the risk of dealing with counterfeit or not the purest form of the metal.

  • Possible Scams and Acts of Fraudulence

    Gold IRAs are lucrative, and there’s certainly no dearth of crooks looking to cheat you out of your money. Not every gold IRA company out there posing as a “legitimate” service provider has your best interests in their mind.

    (Therefore, reviews of the best gold IRA companies or a guide like this that introduces the best gold IRA companies to new investors is so relevant and critical.)

    Fortunately, the FTC (Federal Trade Commission) periodically publishes gold investment scam information on its website. Wrongdoings pertaining to hidden fees or telemarketing are topics it has covered in the past.

    Also, a basic search online using keywords such as “gold investment scam” or “gold IRA fraud” will pull up relevant information.

Gold Eligible for a Gold IRA Investment

Not every gold coin or bar you get your hands on is allowed in an IRA.

The coins (proof or bullion) approved by the IRS for a gold IRA are:

The coins mentioned above are eligible as they are 99.5% pure for gold.

Gold rounds and bars made by a national government mint or a refinery approved by the COMEX or NYMEX are also acceptable. 

Gold Coins Not Eligible for a Gold IRA

Popular gold coins such as the Krugerrand and the Sovereign do not make the cut as they fail to meet the requirements mentioned above.

A few other coins that do not meet gold IRA account requirements according to the IRS are:

Reputable, IRS-approved gold dealers will ensure a simple, hassle-free way to buy the right bullion coins for your requirements.

The Gold IRA Account Stakeholders

A gold IRA is self-directed, but that doesn’t imply it’s devoid of a structure. The perceived (not actual) complexities attached to setting up precious metals IRAs could dissuade some not-very-savvy investors from opting for a precious metal IRA.

For starters, you cannot set up precious metals IRAS, such as a gold IRA, by yourself. You’ll need professional assistance from third parties to create and manage your account, procure suitable precious metals, and store them safely and securely in an IRS-approved facility.

The following are the three major stakeholders you’ll be dealing with:
  • Custodian

    An IRA must have a “custodian”, including a gold IRA. Custodians are essentially trustees that help set up and manage precious metals retirement accounts.

    An IRS-approved entity can act as a custodian for precious metals, including credit unions, savings and loan associations (S&L), etc. Though rare, banks may also offer gold IRA service or act as a storage facility.

    Banks usually don’t delve into gold IRA arrangements as gold IRAs are complex products, and one requires expertise and dedicated resources to manage or administer the IRA. Even investment companies that offer traditional retirement planning and investing services do not dabble in gold IRA for the same reason.

    Custodian Duties

    • Offers a secure platform to carry out gold IRA transactions and other tasks concerning the account.
    • Purchases precious metals on the customer’s behalf from dealers. If you buy gold, silver, platinum, etc., directly, the money withdrawn to buy the metal will get subjected to taxes.
    • Offers educative/informative resources/tools on IRAs and investing. Some custodians may also provide specialized or personal guidance, but only if asked for.

    The security features offered include automatic re-locking features and timed locks, round-the-clock supervision, detectors (sound, motion, and vibration), etc. Custodians are insured entities, with the insured sum being close to as high as $1 billion.

  • Gold/Precious Metals Dealer

    A gold IRA dealer is a firm that sells precious metals for your gold investment account. These entities exist as they ensure that only gold coins/bars eligible for an IRA are being sold and that all the purity and fineness requirements are met.

    Choosing a reputed, trustworthy precious metals dealer to work with is critical as some companies could sell rare, expensive metals that may not be as pure as the labels would suggest. If you need help finding a reliable bullion coins seller, check out this official dealer list.

  • Depository

    Precious metals that are part of an IRA must be stored with a depository approved by the IRS. Home storage arrangements such as safety deposit boxes, closets, home safes, etc., aren’t considered an “IRS-approved storage facility”.

    The customer usually chooses the depository for their precious metals. But some custodians may prefer to work with particular repositories and recommend them to their customers. Those companies are given preferential treatment due to their minimal storage fees, state-of-the-art storage facility, multiple storage locations, etc.

    Depositories that are usually preferred include:

    Generally, it’s safe to go with an experienced and established gold IRA company’s choice of depository services. The depositories above, for instance, get the thumbs up from the Business Consumer Alliance (BCA) and the Better Business Bureau (BBB).

Setting Up a Gold IRA – The Basic Steps

Gold IRAs are considered “alternative investments”, but there’s nothing “alternative” about their setup and handling. The IRS oversees precious metals IRA like it does traditional retirement accounts.

  • The Application Stage

    A gold IRA is opened with a trustee/custodian. The retirement account could be set up as a traditional IRA or as a Roth IRA.

    To open your SDIRA, provide specific documents or information to the trustee, such as your Social Security number (SSN), driver’s license, beneficiary details, etc.

    At the time of account setup, the custodian would let you in on important information relating to your IRA, such as your annual contribution limits. This limit may change yearly and is dependent on your age, inflation, and other factors.

    For the IRA to be activated after completing the formalities and application submission, it could take anywhere between 48 and 72 hours. At times, your IRA will start to roll earlier than two working days or take more than three days. The gold IRA company you associated with also determines how swiftly things progress.

  • Funding the Account

    You must fund your IRA before buying the gold. The funds could be from your bank account, or you may carry out a gold IRA rollover or move funds from existing retirement accounts, such as a 401(k), 457, or 403(b) plan to your precious metals IRA. Check transactions also work.

  • Buying the Precious Metal

    Once the account is created and funded, direct your custodian to buy gold on your behalf using the retirement funds. You may instruct them to purchase the precious metal from a specific dealer or allow the trustee to make the call. Either is fine if you know what you’re doing, or the gold IRA company is reputable.

    If you pick a dealer of your choice, the custodian will provide you a gold dealer form that you must duly fill. Upon receiving the information, the trustee will release your retirement funds and make the purchase accordingly. If you let the custodian call the shots, the form will not be needed, or there won’t be much documentation.

Gold IRA Account – Minimum Investment and Fees

When corresponding with the stakeholders above to open your IRA, you are likely to come across the term “minimum investment” and various fees.

Minimum Investment

There is a “minimum amount” requirement to open a gold IRA with a custodian. It takes resources and effort to manage an IRA. If the minimum investment sum is not substantial enough, administering the IRA may not be worth it for the company.

How much that minimum investment turns out to be can vary with the custodian you select. Generally, it starts in the $5,000 to $10,000 range. Some trustees may ask for a minimum investment of more than $10,000.

Also, companies that help you set up a gold IRA with as little as $1,000 or lesser exist, but then the various charges may add up, resulting in you paying more than what you initially thought you’d expend.

Fees

Custodial companies, gold IRA dealers, and depository services are not non-profits. The sum they charge for their services varies based on the account, their internal policies, etc.

Custodian Fees

Custodians charge a fee to start a gold IRA. Referred to as “set-up fee” or “application fee”, the one-time fee is charged in addition to yearly or quarterly IRA maintenance charges. The price compensates for the custodian’s administration services, including record-keeping, reporting to the IRS, and you (the customer).

The fee could be a flat sum or a percentage of your investment or asset’s value. Yearly administration costs or annual fees could be anywhere between $50 and $300 or more. Some custodians may not charge an annual fee but may earn through small commissions on your asset purchases.

Gold Dealer Fees

The money you pay to buy gold for the IRA constitutes the gold dealer’s margin. If your custodian recommended the dealer, the precious metal’s value might also include the trustee’s share. However, that’s rarely the case. Generally, custodians do not seek cuts in purchases of precious metals.

If your trustee takes a cut from your gold purchases, the company will make an earnest effort to offset that by lowering its transaction or annual fees.

Depository Fees

The depository will, of course, also charge for storing physical gold and shipping them back to the gold dealer when you choose to liquidate the precious metal. Generally, your custodian pays the fees on your behalf to the depository using your gold IRA funds.

Top Gold IRA Companies

The best gold IRA companies featured on the list are primarily custodians, but there may also be dealers, depositories, or holistic service providers. Regardless, each gold IRA company that has made it to the list has been chosen after rigorous research and deliberation.

They meet the following requirements:

  • Reasonable fees and costs
  • Have a BBB rating of at least “A”
  • Have a robust customer support system (telephone, live chat, online form, etc.)
  • Willingness to share starter kits with potential users upon request
  • Happy past customers and current clients

Some of the companies that were in contention but could not make it into the top ten include Lear Capital, Strata Trust, Orion Metal Exchange, Noble Gold Investments (https://noblegoldinvestments.com/), and Red Rock Secured.

P.S. The descriptions of the various IRA companies given below are just brief introductions to the firms. To learn more about them and their fees, charges, etc., visit their official websites. 

1. Goldco

Founded in 2006, Goldco Precious Metals (or just Goldco) is a California-based firm that sells gold and silver. It also offers gold and silver IRAs in association with Equity Trust Company. The company also offers to buy back precious metals at competitive prices.

Ranked #1 of 5
goldco precious metals IRA

4.9 / 5

Read full review

Visit Goldco today
Request your free Precious Metals Guide
Benefits
  • Wide range of products

  • Been in business for years

  • Great customer reviews

  • Excellent customer service

  • Fantastic customer education materials

Disadvantages
  • Fees a bit higher than others

  • Minimum starting investment a bit higher than others

  • Cryptocurrencies only offered through a subsidiary

Websitegoldco.com
Phone(855) 465-3472

Short description

Goldco is renowned within the precious metals IRA industry circles for educating existing and future customers about precious metals retirement accounts and all things related. Besides providing access to multiple videos and e-books, Goldco also maintains a blog to educate its users and site visitors on various investing topics.

Once onboard, the company provides a “white-glove service” or a specialist who guides you through each step of your gold IRA setup process. You can also sign up to receive a free guide. Not to mention, the setup procedure is quick and straightforward. Goldco also offers 401(k) and IRA rollover help in case you need the service.

The annual fee of $200 isn’t modest (the first year fee waived). But for that price, you get to see your gold in the metal any time. Its modern storage facility and the fact that your gold is separately stored offer that provision.

Read full review of Goldco

Products
PRECIOUS METALS IRAYes
Cryptocurrency IRAYes, Via subsidiary Coin IRA
Precious Metals IRA MINIMUM$20,000
Non-IRA Minimum$3,500
Promotion$10,000
Ratings
BBB Rating (A+ to F)A+
BBB Customer Ratings4.93/5
BCA Rating (AAA to F)AAA
BCA Complaints (last 3 years)1 – click here for details
Trustlink Rating5/5 (250+ reviews)
GENERAL:
Preferred DepositoryDelaware Depository
Preferred CustodianEquity Trust Company
Physical IRA ApplicationYes
Digital IRA ApplicationYes
Fees:
Set Up$50 + $30 wire fee
Admin (annually)$80
Storage (annually)Segregated: $159 (recommended)
Non Segregated: $100

First-year fees are waived for IRAs above $50,000 -AND- Free precious metals up to 5% of order values for any purchases above $50,000 (if you request gold kit below Goldco is offering a time-sensitive Special Edition FREE Silver Coin for every IRA form that’s filled out)

Ready to Protect Your Retirement Savings with Goldco?
goldco precious metals IRA
  • $25,00

    Minimum investment

  • 10% Back in Silver Coins for new clients

    Special

  • First Year Fees Waived for New Clients

    Bonus

Visit Goldco
Get your free Precious metals guide

2. Augusta Precious Metals

Augusta Precious Metals is a transparent business. The company is quite forward with the fees it charges for the different services. Unlike other companies that promote their “low-cost” offerings without revealing hidden fees, Augusta Precious Metals keeps pretty much nothing under the carpet.

Ranked #2 of 5
Augusta Precious metals

4.5 / 5

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Visit Goldco today
Protect and Secure Your Retirement Savings Now!
Benefits
  • Setting up an account is quick and easy.

  • You get full access and control over your precious metals

  • An Augusta precious metals IRA comes with customer service support

  • Augusta has a sophisticated buyback program

Disadvantages
  • Requires a minimum of $50,000 USD in your savings account

Websiteaugustapreciousmetals.com
Phone800-700-1008

Short description

Having first opened shop in 2012, the family-owned business isn’t one with a massive cachet. But within less than a decade of presence, it has made an indelible mark on the industry and IRA buyers. The various gold IRA reviews and customer reviews on the web stand testimony.

Despite being accorded the highest ratings by the Better Business Bureau and Business Consumer Alliance, the company doesn’t adopt a snobbish approach. If its customers are not happy with its offerings, the organization is more than willing to return the money with no questions asked. This also explains why Augusta is regularly showered with glowing customer reviews.

Augusta uses Delaware Depository services to provide gold storage service to its customers, if you were wondering. But you can certainly put forward your recommendations.

Read full review of Augusta Precious Metals

Products
PRECIOUS METALS IRAYes
Cryptocurrency IRANo
Precious Metals MINIMUM$50,000
Non-IRA Minimum$50,000
PromotionNo
Ratings
BBB Rating (A+ to F)A+
BBB Customer Ratings4.96/5
BCA Rating (AAA to F)AAA
BCA Complaints (last 3 years)0 – click here for details
Trustlink Rating5/5 (250+ reviews)
GENERAL:
Preferred DepositoryDelaware Depository
Preferred CustodianEquity Trust Company
Physical IRA ApplicationYes
Digital IRA ApplicationYes
Fees:
Set Up$50
Admin (annually)$75 - $125
Storage (annually)$125

Get lifetime customer support with August Precious Metals

Augusta Precious Metals - Diversify your savings with a Precious Metals IRA
Augusta Precious metals
  • $50,000

    Minimum investment

  • Lifetime customer support

    Special

Visit Augusta
Request Your Free Precious Metals IRA Guide Here

3. Regal Assets

This Precious Metals IRA company is top-rated on the market, featured in Bloomberg and other financial publications.

Ranked #3 of 5
Regal Assets

4.4 / 5

Read full review of Regal Assets

Visit Regal Assets
Diversify & Grow Your IRA with Metals & Cryptos
Benefits
  • 99% customer satisfaction rate

  • Wide range of products and services

  • Offer Cryptocurrency IRA

  • No asset fees during the first year

Disadvantages
  • Account executives can sell you Regal Asset products and services but are not licensed investment professionals and cannot provide financial advice

Websiteregalassets.com
Phone1 877 962 1133

Short description

Regal Assets offers competitive rates for gold or silver IRAs. They’ve expanded their services past precious metals, as they provide cryptocurrencies as well.

Investors choose Regal Assets for their Precious Metals IRA because of their long-standing reputation and expertise.

This company has hundreds of satisfied customers on TrustLink, with a 4.6 rating out of 5 ratings.

Read full review of Regal Assets

Products
PRECIOUS METALS IRAYes
Cryptocurrency IRAYes
Precious Metals MINIMUM$10,000
Non-IRA Minimum$10,000
Promotion$10,000
Ratings
BirdEye Rating4.9 out of 5 Stars
BirdEye Reviews1500+
BCA Rating (AAA to F)AAA
BCA Complaints (last 3 years)0
Trustlink Rating4.5 out of 5 Stars
GENERAL:
Preferred DepositoryBrinks, Salt Lake City
Preferred CustodianNew Direction IRA
Physical IRA ApplicationYes
Digital IRA ApplicationYes
Fees:
Set Up$0
Admin (annually)$80
Storage (annually)$110

Regal Assets have the overall lowest fees (both admin & storage fees) out of any company that we’ve reviewed.

Regal Assets - Diversify your savings with a Gold and Crypto IRA
Regal Assets
  • $10,000

    Minimum investment

  • Offers Cryptocurrency IRA

    Special

  • Get a 10 year anniversary silver coin if you request the free investor kit

    Bonus

Visit Regal Assets
Request Your Free 2021 Investor Kit

4. Noble Gold

Noble Gold is an established investment service from California, offering various IRA accounts.

Ranked #4 of 5
noble gold IRA

4.3 / 5

Read full review of Noble Gold

Visit Noble Gold
Protect and Secure Your Retirement Savings Now!
Benefits
  • Wide variety of investment products

  • Low minimum investments

  • Access to rare and collectable coins

  • Free educational materials

  • Premium asset protection through the secure gold depository

Disadvantages
  • Assets are only stored in North America

Websitenoblegoldinvestments.com
Phone(877) 646-5347

Short description

You can choose to invest in either gold, silver, platinum IRAs, or silver, platinum, and palladium for more diversification.

Their services are based on customer satisfaction and provide more transparency than other Precious Metals IRAs. There are also low IRA fees and an easy buyback policy if you want to sell our IRA at a solid rate.

Besides funding a Precious Metals IRA, you can roll over your retirement accounts into the same asset, earning more in the long run.

Read full review of Noble Gold

Products
PRECIOUS METALS IRAYes
Cryptocurrency IRAYes
Precious Metals MINIMUM$10,000
Non-IRA Minimum$3,000
PromotionFirst-year fees waived for qualifying IRAs
Ratings
BBB Rating (A+ to F)A-
BBB Customer Ratings5/5
BCA Rating (AAA to F)BB
BCA Complaints (last 3 years)1
Trustlink Rating5 out of 5 Stars
GENERAL:
Preferred DepositoryThe Dallas, Texas storage center 
Preferred CustodianBeverly Hills, California
Physical IRA ApplicationYes
Digital IRA ApplicationYes
Fees:
Set Up$0
Admin (annually)$80
Storage (annually)$150

Noble Gold offers rare and collectable coins you can invest in.

Noble Gold - Protect your retirement today
noble gold IRA
  • $10,000

    Minimum investment

  • Offers rare and collectable coins

    Special

  • First-year fees waived for qualifying IRAs

    Bonus

Visit Noble Gold
Get Your Free Precious Metals IRA Guide

5. Birch Gold Group

Birch Gold Group is a well-respected, experienced precious metals dealer. It helps customers diversify their retirement portfolios with gold, platinum, silver, and palladium. Birch Gold uses Equity Trust Company as its primary custodian. But if you have a custodian you prefer, the company is more than willing to associate with them.

Ranked #5 of 5
Birch Gold Group

4.2 / 5

Read full review of Birch Gold Group

Visit Birch Gold
Protect and Secure Your Retirement Savings Now!
Benefits
  • Wide range of products and services

  • Excellent communications with its clients

  • Outstanding recognition among their clients, other professionals, and investment companies

  • Excellent customer service education initiatives

Disadvantages
  • Their website mentions a set-up fee and annual fees, there was no mention of the exact amount

Websitebirchgold.com
Phone(800) 355-2116

Short description

Birch Gold Group educates its customers about precious metals investing and the benefits. It helps people understand how a gold IRA, for instance, will suit their individual retirement goals or how to customize the same. Birch Gold Group also provides guides that help people identify scams and fraudulent investment schemes.

Birch Gold hooks you up with a “specialist” when you’re looking to buy gold. Any help relating to accessing your IRA, status of your investments, etc., can be discussed with and learned from the Birch Gold Group expert. And the professional will be around throughout your association with Birch Gold Group and not just during the starting stages.

Read full review of Birch Gold Group

Products
PRECIOUS METALS IRAYes
Cryptocurrency IRAYes
Precious Metals IRA MINIMUM$10,000
Non-IRA Minimum$5,000
PromotionFirst-year fees waived for qualifying IRAs
Ratings
BBB Rating (A+ to F)A+
BBB Complaints8
BCA Rating (AAA to F)AAA
BCA Complaints (last 3 years)2
Trustlink Rating5 out of 5 Stars
GENERAL:
Preferred DepositoryDelaware Depository Services Co
Preferred CustodianSelf-Directed IRA Services
Physical IRA ApplicationYes
Digital IRA ApplicationNo
Fees:
Set Up$50 for setup + $30 for the wire transfer
Admin (annually)$80
Storage (annually)$100

Birch Gold Group mission is to remove the uncertainty and hesitation from precious metals investment, allowing prospective clients to make wise decisions about expanding their portfolios.

Birch Gold Group - Diversify your savings with precious metals
Birch Gold Group
  • $10,000

    Minimum investment

  • First-year fees waived for qualifying IRAs

    Special

Visit Birch Gold
Discover how gold and silver act as excellent hedges against inflation

Attributes to Look for in a “Reliable” Gold IRA Company

The best gold IRA companies invariably share the following traits:

Good Track Record

For a company or service provider to be termed as “reliable”, the entity must have a positive past. It’s not that difficult to start on a positive note. But maintaining those standards for years and garnering support and goodwill from people is the hallmark of a truly excellent organization.

When checking for credibility, ensure the following:

  • Solid ratings from authority boards Better Business Bureau, Business Consumer Alliance, etc., and multiple investor/customer reviews to their credit.
  • High-quality educational resources in the form of videos, blogs, etc. readily available on their official websites.
  • No promises guaranteeing IRA performance, and certainly no predatory sales approach.
  • A physical company headquarters that’s traceable. Companies that only list P.O. boxes should be avoided like the plague. 

Other good qualities to have but not “needed” include:

  • A host of payment options.
  • Accurate and up-to-date precious metals pricing information on their websites.
  • Clear buyback and return policies so there are no rude shocks later.

If the company has bought other businesses, learn about those acquired entities to get a sense of how the organization’s “company” is. Talking about buying, make sure the company has not bought fake customer reviews.

Transparency

Companies that are unwilling to provide readily available, easy-to-assimilate information about themselves and their gold, silver, platinum, and palladium products through their official website, social media pages, etc., are better avoided.

If a gold IRA firm isn’t upfront about their fees, such as storage fees, or has no proper fee schedule on their site, that’s a red flag.

Comparing fee structures of different companies is essential when hunting for the best gold IRA company. Juxtaposing fees with the costs of other companies gives you an idea of how much money you’ll spend in fees (storage fees, annual fees, etc.) and transaction costs for having created an IRA.

Duly Licensed

Gold IRA companies that aren’t licensed, registered, and do not have proper insurance to provide the services they do is a major red flag. No license and registration hint at the intention of the gold IRA company to bend the law or go against the IRS.

On the other hand, a lack of insurance means the company doesn’t have the intent nor the means to protect your investments or precious metals. The best gold IRA company or investment companies will always have insurance to boot and proper registration and license copies in place.

The aforementioned top gold IRA companies have proper business documents. If you choose to work with a company other than the retirement investment companies mentioned above, duly verify their credentials.

Conclusion

Precious metals IRA conclusion

How your retirement savings/investments perform determines not only the value you derive when your investment plan attains maturity, but they also impact your current mood or state of mind.

Stocks and shares constantly fluctuate in value and can be a major source of stress for investors, particularly those who have not had a first-hand account of the volatility of financial markets or do not have the needed appetite for risk. Investments in precious metals such as gold are comparatively stable performers and help keep mental peace and calm.

A gold IRA, like other forms of gold or precious investments, does not promise the heavens. But for the slightly lesser growth potential, it does offer investment stability and protection against the ups and downs of the financial market. As someone saving for their retirement, you would want a mix of both growth and solidity with your investments. A gold IRA account provides just that.

If you’re convinced that a gold IRA is one of your safest bets for retirement savings and need help choosing the best gold IRA partner for your requirements, click on this link and take the quiz. Spend a couple of minutes answering the questions so that you can find a gold IRA company that suits you.

Gold IRA FAQs

The information mentioned above should have answered a lot of your questions or doubts pertaining to gold IRAs. But there could be a few more, such as the following:

1. Is it worth investing in a gold IRA?

Any form of investment in precious metal is worth it in the long run. If you’re looking for short-term gains or dividends, a gold IRA won’t be right for you. Gold is meant to be invested in and held on to for long, which makes it ideal for investors with retirement on their minds.

However, a gold IRA comes with its share of “fees” and “costs”. Any gains made through appreciation in gold value could get offset by what those costs amount to ultimately. It’s, therefore, critical to pick your gold IRA company meticulously.

2. How much of your retirement funds should be held in a gold IRA?

According to industry experts and seasoned investors, anywhere between 5 to 15% of a retirement savings portfolio must be in gold IRAs. Some even suggest investing up to 20%. But then that could hurt your retirement portfolio’s growth prospects.

You could choose to save retirement money in a gold IRA alone or hold the funds in other precious metals, such as silver, platinum, and palladium. It should be a healthy blend, with gold investments constituting the significant portion.

3. Can you add gold you already own to a gold IRA?

If you have gold coins, jewelry, or the yellow metal in any other form, you may wonder whether you could add those to your gold IRA. The answer is “no”. As mentioned above, precious metals for a gold IRA must meet specific requirements.

Gold jewelry, for instance, is usually not “pure gold”. Pure gold has zero impurities or no other metals in its mix. Most gold ornaments have some metal alloy in their composition – usually nickel, copper, silver, or zinc.

The fineness of gold is measured with its “karat” or carat. A karat is a 1/24 portion of pure gold. 24 karat is pure or 100 percent gold but also malleable. Most gold jewels are not 24 karats because pure gold can easily warp or lose shape. You may, however, sell the gold and use those proceeds to buy eligible gold coins for your retirement account.

Besides the “purity” aspect, a gold IRA is a regulated retirement account and requires the gold to be in a specific shape or a certain kind. That means even if your gold jewelry is pure enough to be included in a gold IRA, it still may not be permissible.

4. Do all IRA custodians provide gold IRA services?

Generally, standard IRA custodians like Schwab, Fidelity, TD Ameritrade, etc., do not deal with physical gold. To set up a gold IRA, you’ll require a custodian specializing in or at least open to dealing with a self-directed IRA like a gold IRA.

5. Can I not liquidate the gold in a gold IRA when I am 70.5 years of age?

When you turn 70.5 years old, you have to liquidate your gold IRA holdings. However, you can choose between selling the gold or taking it in possession. If the gold price at the time of distribution is not significantly high compared to your purchase price, you may wait until the value goes up. Regardless of whether you choose to sell it or keep ownership of it, you will be taxed for it.

6. Can I take possession of the gold in my IRA?

You should store gold or any precious metal bought through an IRA in an IRS-approved depository. In other words, you cannot keep the gold at your home, your friend’s place, or any place that’s not IRS-approved.

If you buy gold and store the metal on your premises or with someone else you know who isn’t IRS-recognized, the gold will not be considered part of an IRA arrangement. In other words, taxes shall apply.

7. Is a gold IRA rollover possible?

As explained earlier in the guide, a gold IRA rollover is workable. Many investors resort to the same or use their 401(k) (company-managed) or standard IRA investment to start a gold IRA. Individuals who quit their 9-to-5 jobs to pursue their entrepreneurial dreams move their funds to a gold IRA from their employer-managed retirement savings account(s).

8. Can I have other assets in a gold IRA?

A gold IRA is solely to hold gold bullion. It cannot have stocks, bonds, funds, or other precious metals in its wing. The IRA, however, could comprise gold stocks (gold production/mining company shares), gold mutual funds (invested in stocks and/or bullion), and gold indexes-tracking gold ETFs.

If you’d like to hold other precious metals in an IRA arrangement, open a separate SDIRA for the particular precious metal.

9. Is my gold stored separately?

You could store your gold separately or with other people’s precious metals. “Segregated” storage is storing the gold separately from other investors’ precious metals. The segregation will afford your precious metal a unique identification number. It also means the yellow metal cannot be replaced or traded as a part of routine vault operations.

When the precious metal is “allocated” or “comingled”, the above privileges do not exist. The amount of gold that belongs to you remains intact, but it may not necessarily be the coins or bars you purchased. The metal could be interchanged with identical gold assets of other investors.

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