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With the crazy stock market and uncertain economic outlook, you may be starting to get concerned about your future retirement—whether it will be in a few years or a few decades. If so, you might be interested to learn more about a Gold IRA. Gold IRAs allow you to hold gold and other precious metals in your retirement account.
With a Gold IRA, you get all the tax advantages that standard IRA holders receive, along with the benefit of diversifying your portfolio by investing in precious metals. When some of your portfolio holds gold or silver, you'll be less negatively impacted should the market take a major dip or even crash.
Deciding that you want to open a Gold IRA, however, is merely the first step. Next—and possibly most importantly—you'll also need to decide which Gold IRA company you'd like to work with. Choosing the best company to give your business to is essential. You want to feel confident that the Gold IRA company you choose has a good reputation, is working with your best interests in mind, and offers the products and service that you desire.
Today, we're going to take a close look at five of the best Gold IRA companies. Read on to learn more about each of these top companies to decide which will be the right fit for your investment needs.
Top 5: Gold IRA Company Reviews
While we respect and recommend all of the Gold IRA companies on this list, there is one company that really stands out as the absolute best choice for those looking to open a Gold IRA. That company is Goldco. If you'd like to learn more about why Goldco earned the top slot in this round-up of the best Gold IRA companies, keep reading.
Goldco was founded by Trevor Gerszt in 2006. Gerszt started the company with the goal of working with each investor to help them meet their retirement and overall investment needs.
In addition to helping customers set up a Gold IRA, Goldco also offers gold and silver coins and bars that users can purchase as a personal investment.
But, don't just take our word that Goldco is the best company to work with. Read through the numerous online customer reviews on websites such as Trustpilot and Google, and it should become clear that Goldco's clients are overwhelmingly pleased with their experiences and interactions with the company.
Additionally, Goldco has earned the highest ratings possible from the Better Business Bureau and Business Consumer Alliance (an A+ and AAA, respectively).
Opening a Gold IRA
Once you've decided that Goldco is the right company to work with, you'll find that they have made it easy for individuals to open a Gold or Silver IRA. The website outlines much of what you'll need to do to get your new account up and running.
Goldco will help you work with an IRA custodian to fund your new Gold IRA using an existing retirement account. Many retirement account types, such as IRAs and 401(k)s are eligible for a rollover, but if you have any questions a member of the Goldco team can help provide more specific information.
After your account is set up and the funds have arrived from your existing retirement account, you can select the coins and bars that you'd like to invest in. If you are unsure which gold products to select, chat with the Goldco expert. They can offer advice and insight to help you make the best decisions to meet your goals.
IRA-Approved Coins and Bars to Add to Your Account
The IRS limits the coins and bars that are eligible to be held in a Gold IRA. Gold bars and coins must be at least 99.5% pure, while silver bars and coins must have a minimum purity level of 99.9%.
Within these restrictions, you should still find that Goldco's selection of coins and bars is quite impressive. They offer an assortment of coins and bars for you to choose from. Some of the available options include:
Promotions for Gold IRA Customers
Goldco is currently offering one of the best promotions for new Gold IRA customers. When you open a Precious Metals IRA, you can earn up to 10% back in free silver. That can help give your account and savings an extra boost to help you prepare for retirement.
Pros & Cons of Goldco
#2. Augusta Precious Metals
August Precious Metals is another of the best Gold IRA companies out there. Let's learn more about the company, the services they offer, and their selection of gold bars and coins in the next few sections.
About Augusta Precious Metals
Augusta Precious Metals was founded in 2012. The company wants to serve as a resource for each of their customers and aims to help individuals make smart financial investments. You can read more about some of the key tenets that Augusta Precious Metals holds dear on their website, but they include knowledge, commitment, accessibility, respect, selection, transparency, and coordination.
Opening a Gold or Silver IRA
Helping their customers open a Gold or Silver IRA is just one of the services offered by Augusta Precious Metals. If you decide you'd like to work with Augusta Precious Metals, the team members will assist you in making sure that all the paperwork is completed properly. They can also help connect you with an IRA custodian company to ensure a smooth transition of the funds from your existing retirement account to your new account.
Many people don't know for certain which coins or bars they'd like to hold in their account. If you have any questions, don't hesitate to reach out to a member of the team. They are there to help make the entire process as simple and stress-free as possible for you.
As shared above, there are regulations set by the IRS that limit the coins and bars that are eligible to be held in an IRA account. Below, you'll find some of the different coins offered by Augusta Precious Metals that meet the minimum purity requirements outline by the IRS.
Secure IRA Storage
Due to regulations put in place by the IRS, individuals are not allowed to take possession of the precious metals for an IRA account until they reach the legal age for retirement. Before this time, your precious metals must be stored in an IRS-approved depository.
There are several IRS-approved depositories located across the country, and Augusta Precious Metals has connections with many of them to provide their customers with secure storage options.
A few of the different approved depository locations include Wilmington, Delaware, New Castle Delaware, New York City, New York, Bridgewater, Massachusetts, Las Vega Nevada, Los Angeles, California, South Fargo, North Dakota, and Salt Lake City, Utah.
Regardless of which location you choose, you can rest easy knowing that your precious metals are being monitored and secured using high-tech security measures. Investments will also be fully insured against loss, theft, or damage in any of these locations.
Pros & Cons of Augusta Precious Metals
#3. American Hartford Gold
You may also be interested in working with American Hartford Gold to set up your new Gold IRA. In the next few sections, we'll share more about American Hartford Gold to help you decide if they're the right company to help you meet your needs.
About American Hartford Gold
American Hartford Gold was founded in 2015. While they are a bit newer to the scene than some of the other companies on our list, in the over five years that they have been in business, American Hartford Gold has built up a positive reputation with their customers and the industry as a whole.
American Hartford Gold's website lays out the company's commitments to their clients. These include a commitment to answering questions and calls to make the process of purchase gold and silver straightforward, offering clear and transparent, up-to-the-minute pricing on their website, using the team's experience to share market perspectives, shipping precious metals in a manner that will ensure their integrity and value is preserved, and keeping investors informed and up to date.
American Hartford has earned praise and endorsements from many well-known media personnel. Some of these individuals include Bill O'Reilly, Rick Harrison, Rudy Giuliani, Megyn Kelly, and Lou Dobbs.
Setting up a Gold IRA
American Hartford Gold is one of the top companies that can help you open a Gold IRA to diversify your portfolio and protect yourself against inflation and stock market volatility.
They have worked to simplify the IRA setup process into three straightforward steps. These include:
Adding Coins and Bars to Your IRA
American Hartford Gold customers who choose to set up a Gold IRA will be able to choose from numerous gold and silver coins and bars. Each of the coins and bars listed below meets the minimum purity requirements outlined by the IRS.
Gold IRA Storage
American Hartford Gold works with different IRS-approved depositories across the country. These include the Delaware Depository and Brinks Global Services. As two of the top names in precious metals security, you can rest easy knowing that your precious metals are secure. To learn more about the depository options offered by American Hartford Gold, reach out to a member of the company today.
Pros & Cons of American Hartford Gold
#4. Birch Gold Group
We also really like Birch Gold Group and think that they could be an excellent choice when you're looking to set up a Gold IRA. Read on to learn more about Birch Gold Group so you can decide for yourself if they're the right company for you.
About Birch Gold Group
With its nearly 20-year history, Birch Gold Group is one of the most-experienced Gold IRA companies on our list. The company was founded in 2003 and has its headquarters in Burbank, California.
Birch Gold Group values each customer. They strive to always put the needs of their customers first and to provide them with the knowledge and resources needed to make the best decisions.
The company's website highlights a number of standards and beliefs that Birch Gold values. These include:
After reading through these values, you should be getting a sense that Birch Gold Group is a company that really cares about each of their customers. When you take a few extra moments to read through the numerous positive reviews from past customers, this feeling should be even stronger. Birch Gold Group has also earned an A+ rating from the Better Business Bureau and an AAA rating from the Business Consumer Alliance, which should help to further your trust in the company and the business practices they use.
Birch Gold Group has been featured many times on the Ben Shapiro show, too. The company's representatives stop by to share expert tips and advice to listeners to help them learn more about the benefits of investing in precious metals.
Opening a Precious Metals IRA with Birch Gold Group
With a Precious Metals IRA, you can hold physical gold and silver in your retirement account. Birch Gold Group has worked to make the process of opening a Gold IRA as easy as possible. They want their customers to benefit from the tax breaks IRA holders receive and to help them diversify their portfolio to find protection against stock market volatility.
To set up your new Gold IRA, reach out to a member of the Birch Gold Group. You can visit the Contact Us page to send them a message or call the phone number listed on the website for even faster service.
The team member you speak with can help you learn whether your existing retirement account is eligible to be rolled over into a Precious Metals IRA. Many account types, such as traditional IRAs, Roth IRAs, 401(k)s, SEP IRAs, and TSP IRAs, are eligible. However, different restrictions apply, so it is always a good idea to confirm eligibility.
Once you confirm that your account is eligible for a rollover, you'll work with the member of the Birch Gold Group team and an IRA custodian company to transfer the funds for your new account. Birch Gold Group only recommends IRA custodian companies with an A+ rating from the Better Business Bureau.
IRA-Approved Coins and Bars
Whereas many Gold IRA companies only offer gold and silver coins and bars for investors to choose from, Birch Gold Group customers have a few additional options. Their customers can also add approved platinum or palladium coins or bars to their account.
As shared above, gold coins and bars need to be at least 99.5% pure, and silver coins and bars must be at least 99.9% pure in order to be held in an IRA. Platinum and palladium coins and bars must be at least 99.95% pure to be held in an IRA.
Below are some of the different coins and bars offered by Birch Gold Group that meet these criteria.
Gold IRA Storage
Birch Gold Group works with four of the different IRS-approved depositories. When you set up your Gold IRA, the customer service representative can help you make a final decision about which of these two companies is the right fit for your needs.
The storage options are Brink's Global Services, the Delaware Depository, the Texas Precious Metals Depository, and International Depository Services. There is no 'bad' choice when these are the options to choose from. These depositories are among the most-trusted options for individuals looking to store valuables.
Regardless of which facility you choose, your precious metals will be covered by an all-inclusive insurance policy. They also utilize the latest in security measures to protect the investments of their customers. You can rest easy knowing that your metals will not be lost, damaged, or stolen when they're stored with either of these companies.
Free Precious Metals Promotion
Birch Gold Group has an incredible promotion running right now. When you make a qualified purchase, you can receive a bonus of free precious metals. Contact the company to learn more about this promotion and if it may be right for you.
Pros & Cons of Birch Gold Group
#5. Noble Gold
Last, but not least, Noble Gold is another one of the best Gold IRA companies that you may want to consider. Let's read more about what they have to offer in the next few sections.
About Noble Gold
Collin Plume and Charles Thorngren started Noble Gold in 2016. The company employs a team of skilled and knowledgeable precious metals advisors who are available to answer any questions customers may have. With all this knowledge and expertise available, you can also feel confident that you'll receive expert advice to help you make the best financial decisions for your retirement.
Noble Gold boasts high reviews from past customers who have a lot of wonderful things to say about doing business with the company. They have also earned an A+ rating from the Better Business Bureau and an AA rating from the Business Consumer Alliance.
Noble Gold wants each of their customers to feel comfortable calling with questions and don't want them to be turned off at the prospect of getting a hard sell. For this reason, they don't use pushy sales tactics that you may find with some other precious metals investment companies.
Do you think Noble Gold is the right company for you? If you're ready to open a Precious Metals IRA, Noble Gold is ready and willing to work with you. The team can help you determine just what needs to be done to rollover an existing retirement account into a Gold IRA.
Setting up a Gold IRA with Noble Gold will allow you to diversify your portfolio and protect yourself against inflation. Precious metals, such as gold and silver, continue to be in high demand across the globe, which should provide you confidence that your holdings will be easy to liquidate when you're ready to retire.
Visit Noble Gold's website to complete the IRA set up form. Once you've completed the form, a member of Noble Gold's team will reach out to you to discuss the form and address any areas of confusion you may have had.
The team member will also help connect you with a Gold IRA custodian company to initiate the transfer of funds from an approved existing IRA account. Once the funds arrive, you can choose the precious metals you'd like to add to your account.
Then, just sit back and let Noble Gold take care of the rest. They'll ship your order to an IRS-approved depository.
Adding IRA-Approved Precious Metals to Your Account
One of the benefits of working with Noble Gold is that you can also add platinum and palladium. This gives you the opportunity to further diversify your portfolio for even more protection.
In the next few sections, you can find out more about the different gold, silver, platinum, and palladium coins that Noble Gold's clients can add to their Gold IRA.
Request a Free Gold IRA Guide
If you'd like to hear more about what Noble Gold has to offer and how their Gold IRAs work, request a free Gold IRA guide through the website. This downloadable guide will help you learn more about what Gold and Silver IRAs are, why you should consider setting one up, and how you can use an IRA to purchase precious metals.
Pros & Cons of Noble Gold
How to Choose the Best Gold IRA Company
As we mentioned earlier, finding the best Gold IRA company to give your business to is very important. You'll be trusting the company you choose with investing your hard-earned money and helping make sure that you're prepared for your future retirement.
Read through the following sections to identify some of the key criteria that can help you decide which of the companies we shared above best suits your personal needs and expectations.
One of the first things you should consider is the available selection of precious metals that each company offers. First, look at the different gold coins and bars that are available. If there are any particular coins or bars that you'd like to hold in your portfolio, see if any of the companies on your list offer them for their investors.
Next, consider if you'd like to diversify your portfolio even more by investing in platinum or palladium in addition to gold and silver. While nearly all Gold IRA companies give individuals the option to purchase gold or silver coins or bars, there are fewer companies that also include the option to purchase platinum or palladium coins or bars.
Experience and Customer Reviews
You're probably already aware that a Gold IRA will represent a significant investment. For this reason, you really want to do your due diligence and thoroughly research each company you're considering working with. You want to avoid giving your money to a company that isn't going to work with your best interests in mind or one that may not live up to your expectations.
To help you vet the different Gold IRA companies on your list, start by checking out their experience in the industry. Look for companies that have been in business for multiple years and seem to be reliable and trustworthy.
You can also check customer reviews from others who have worked with the company in the past. Reading through customer reviews can help you learn information that may not be so clearly displayed on the website, such as how responsive the company is to problems, whether customers seem satisfied with the products and service they received, and more.
Every Gold IRA company is going to charge fees. However, the fee structure often varies between one company and the next. Take some time to look up and compare these fees to make sure you're getting a reasonable deal.
Some companies are more up front about the fees they charge than others. If you can't easily find information about the fees on the company's website, you can call to inquire. However, this lack of transparency from the get-go may also raise some questions about other interactions with the company and what you may be able to expect in the future.
Support and Service
Last, but certainly not least, also consider the customer service and support that each company offers. You want to work with a company that will have a representative available when you call to answer questions or concerns you may have. It is also important to choose a company with knowledgeable advisors that will be able to walk you through the process of investing in precious metals, especially if you're new to buying gold and silver.
Frequently Asked Questions
Q1. Can you hold gold in an IRA?
Yes, you can hold gold in an IRA. This form of retirement account, called a Gold IRA, allows investors to hold gold, silver, and other precious metals. With a Gold IRA, you benefit from diversifying your portfolio while also enjoying the tax benefits that IRA holders enjoy.
Q2. How do you rollover an existing IRA to a Gold IRA?
If you're interested in rolling over an existing IRA to a Gold IRA, the first step is to find a reputable Gold IRA company to work with. You'll also need to find a Gold IRA custodian, but in most cases the Gold IRA company you work with can help you with this step.
Once you've selected a company to work with, the Gold IRA representative and IRA custodian will help walk you through completing the necessary paperwork. Once the funds have been transferred from your existing IRA, then you will be able to select the coins and bars you'd like to add to your account.
Q3. What are the benefits of a Gold IRA?
Gold IRAs allow you to diversify your portfolio and become less reliant on the stock market. This means that when the stock market dips, your overall worth will be less severely impacted than it would have been if all of your money was invested in stocks. Gold and other precious metals are seen as very good investments. They are highly coveted across the globe and easy to liquidate. This means that when you're ready to receive funds from your Gold IRA that you should have no trouble selling your precious metals for cash.
Q4. Are gold coins or bars a better investment?
Both gold coins and bars can be a good investment. There are a few pros and cons for each option that can help you decide which is the best investment for you. Gold coins offer unique designs that can make them more appealing. Sometimes these designs are rare or more sought after, which can cause the value of the coin to become higher than the mere spot price of gold. However, gold coins aren't as easy to stack and store if you plan to invest in a lot of gold.
Gold bars, on the other hand, are much easier to stack and store. They can be a better option if you're looking to conserve space in a safe. However, they aren't seen as collectible and will be worth simply the spot price of gold.
Q5. When is the best time to invest in gold?
It can be hard to predict the exact right time to invest in gold. However, keep in mind that when the stock market is performing well, gold is typically at a lower value. Additionally, the months of January, March, and April sometimes see slight dips in the value of gold. However, trying to time the market doesn't always work out. If you're ready to invest in gold and are planning to hold the investment for quite some time, it may just make sense to jump in with both feet now.
Q6. What percentage of my portfolio should be gold?
There is no right answer for this question as everyone's situation and comfort levels can vary. Generally speaking, if you're very close to retirement, you want a smaller percentage of your portfolio held in gold because it is seen as a higher risk investment. If you have a long time to retirement and are comfortable taking bigger risks, then you may decide to hold a slightly bigger percentage of your portfolio in gold.