A gold-based IRA is one of the best options for protecting your pension accounts against inflation and market volatility. The precious metals IRA is a self-directed retirement account that lets you invest in tangible precious metals like gold, silver, and platinum to diversify your portfolio.
Today, the market is flooded with gold IRA brokers and custodians. However, it’s essential to collaborate with only the best gold IRA rollover companies that will offer top-notch services for years to come.
We’ve compiled a list of the best account providers to assist you in selecting a reputable gold IRA company to manage your assets and help you narrow down your search.
Best Precious Metals IRA Companies
Overall Winner: Goldco
Best Skilled: Birch Gold Group
Great for Customer Support: Augusta
Best for Metal Selection: Regal Assets
Winner for Customized Solutions: American Hartford Gold
Best for Small Investors: Noble Gold IRA
Contrary to popular belief, most investors’ investment portfolios do not contain any physical precious metals. These top six precious metals and gold IRA companies will help you stabilize your investments and maintain the security of your retirement.
Augusta Precious Metals
Augusta Precious Metals has become the best gold IRA company in the precious metals market because of its white-glove customer service.
This company considers retirement planning and saving as a marathon, not a sprint. It commits to providing high-quality data and goods for a lifetime to assist people in preparing for retirement.
Every client is welcome to participate in the company’s educational web conference to learn about gold IRAs, the economy and inflation, and how to avoid scams and high-pressure sales techniques.
Since its launch in 2012, the family-run Augusta has developed a reputation for transparency and ethics. Augusta further boosts the confidence of its customers by providing new consumers with a 100% money-back guarantee, fair pricing, and seven-day price protection on precious metals IRAs.
It offers a competitive pricing structure for common gold bullion, premium gold and silver coins, and other precious metals. Additionally, you can benefit from Augusta’s buyback policy. However, buyback pricing could differ, and the company cannot guarantee buybacks.
The company partners with the well-known Delaware Depository, which has vault facilities throughout the United States, for its customers’ storage requirements. In addition, there are no administration fees because the account is self-directed.
Overall, the Augusta Precious Metals IRA offers exceptional customer service. Augusta’s onboarding and transaction processes are fully automated, and experts assist customers with all the required documentation.
You are in very good hands with Augusta.
Birch Gold IRA Group
Birch Gold Group established a powerful reputation as one of the top gold IRA companies over the course of 20 years. The gold-medal group uses its skills to help with portfolio diversification through gold, silver, platinum, and palladium. It also works with customers who want to buy precious metals directly with cash.
This company’s financial experts bring a wealth of knowledge to the table because of their experience working for leading financial and technological companies.
Birch Gold Group makes the process of setting up a gold IRA simple because of its dedication to providing exceptional customer service.
It takes satisfaction in showing investors how precious metals investments can safeguard their retirement even when the economy becomes unstable. Your Birch Gold Group representative will offer the chance to ask any question you may have regarding a precious metal, and they will provide you with an honest response.
The customers’ faith in Birch Gold Group is reflected in their ratings and testimonies. Its team will work hard to earn your trust as you diversify your portfolio. Birch Gold Group prioritizes its customers, from assisting you in learning more about investing to refusing to disclose your paper assets to outside parties.
These outstanding services make Birch Gold Group one of the top gold IRA providers.
Goldco is the best gold IRA company with the finest customer service representatives. It puts in the extra effort to ensure that both new and existing customers receive all the information required to make an informed decision about investing in precious metals.
Customers receive Goldco’s “white-glove service,” which includes direct access to an expert to help them every step of the way, from account set up through the most recent transaction. Clients are encouraged by Goldco to make the most of the comprehensive education center available on its website.
Goldco offers a wide choice of investing-related e-books, videos, and in-depth blogs in addition to these other resources.
You must first decide whether you want to finance your gold IRA with conventional (pre-tax) or Roth (post-tax) funds. Although nearly all retirement plans have assets that can be rolled over, clients frequently decide to fund a conventional gold IRA rollover out of an existing, traditional IRA account with pre-tax money.
If you have any questions or concerns about your tax liability, the company advises that you speak with an accountant.
The privately held company’s main goal is to protect clients’ retirement savings by transferring assets from 401(k), 403(b), and standard IRA accounts to a self-directed IRA secured by physical gold and silver.
Goldco’s IRA experts specialize in assisting clients with the rollover process step-by-step to simplify this kind of retirement savings protection. It offers investors and collectors the opportunity to purchase gold coins in addition to income and asset protection.
The gold IRA company has a strong buyback program as well. However, it is the customer-centric approach that sets it apart from other precious metals IRA companies.
IRA rollovers can be challenging and require specialized knowledge to avoid mistakes. Therefore, you can trust Regal Assets to know what it’s doing when IRA rollovers make up most of its business. Because of this, it ranks high on our list of the best gold IRA companies.
The Regal Assets company entered the market for the first time in 2010. Its innovative founder desired an innovative strategy for investing in alternative assets. The company envisioned transformation and simplicity in place of complicated rules and challenges.
Regal Assets has established itself as a market leader among the best gold IRA companies, thanks to its high customer reviews. If that weren’t enough, there are currently no fees associated with its gold IRA services.
Hence, today is the best time to invest in this precious metals IRA company.
The company has a distinctive position as a one-stop shop for investing in both physical precious metals and cryptocurrencies. It specializes in enabling clients to diversify their accounts with alternative investments by transforming the conventional account into a gold IRA account.
This gold IRA company maintains its stellar reputation by putting the needs of its customers first. The team depends on user education to ensure that consumers are at ease and prepared to continue their adventure with alternative investments like gold coins and crypto.
American Hartford Gold
American Hartford Gold, based in Los Angeles, California, has rapidly grown in the precious metals IRAs industry since its establishment in 2015.
It works with clients who want to purchase precious metals such as gold, silver, platinum, and palladium and have them discreetly delivered to their doorstep.
The company specializes in creating actual precious metals IRAs for investors wishing to protect against difficult times for generations. In order to help individuals and families diversify their holdings, American Hartford Gold works hard to offer them individualized solutions that are IRA-approved such as physical gold and silver.
This gold IRA company believes that education is the secret to its client’s success. Customers can now access their data center, real-time precious metals charts, and ongoing communication with an account representative.
Its customer care team is available to address your concerns and make buying gold and silver as simple as possible. You can also sell precious metals easily in difficult times for instant cash equivalents.
American Hartford Gold offers inexpensive IRA fees and transparent pricing. It specifically doesn’t charge IRA costs, but the institution that administers your self-directed IRA does, and these fees are typically around $180 each year.
The company might be able to cover these costs for you based on the size of your order. When you speak with a representative, be sure to inquire about this.
Noble Gold IRA
Noble Gold is our pick for one of the best gold IRA companies for smaller investors because of its low minimum investment requirement and wealth of training materials.
It was founded in 2016 and is a relative newcomer to the precious metal IRAs market. Noble Gold has seen success with consumer rating organizations in its brief history, earning a five-star rating from Consumer Affairs and a BB rating from the BCA.
This precious metal IRA company offers each prospective customer an introductory consultation in addition to its extensive selection of educational resources so that both parties can learn about the other’s needs, preferences, and goals.
After that, customers are paired with a dependable advisor who assists and informs them the throughout the process without using high-pressure sales techniques.
Although Noble Gold’s fees aren’t the cheapest, they are reasonable. There is no setup fee for new clients; however, there is an annual service fee of $80 for all gold IRAs. All users also pay an annual storage fee of $150.
The good news is that the storage fee pays for segregated storage and that the flat fees apply to all gold IRAs, regardless of size. Noble Gold doesn’t provide mixed-use storage.
Customers can get gold coins at low prices because of Noble Gold’s wide network of suppliers and partners. A “no questions asked” buy-back service is also provided by Noble if you want to sell your precious metals.
Tips for Investing in Gold IRAs
Investors frequently hear “invest money in gold” these days, and it has some appeal. Gold seems like a precious metal that will always be valuable.
However, is it wise to purchase gold today?
There are different ways to buy gold that the IRS sanctions. Gold Individual Retirement Accounts (gold IRAs) combine the advantages of a modern IRA with the relative stability of gold bullion.
Which gold IRA, though, is best for your present circumstances?
The market is flooded with numerous providers and investment possibilities, so these investments could be a reliable choice for anyone looking to diversify.
You should be aware of the advantages and disadvantages of each company because there are many options for gold IRA companies.
All IRAs must adhere to tight rules regarding storing and transferring precious metals. According to most retirement experts, five to 15% of your entire portfolio should be made up of precious metals, with some recommending as much as 20%.
Investment companies should abide by the guidelines in order to protect your wealth, regardless of whether you decide to invest that allocation solely in gold or combine it with silver, platinum, or palladium.
Which Precious Metals Can Be Included in IRA Investments?
Gold bars: The gold bar’s fineness must be 0.995 or higher or 24 karats. A refiner or assayer that is authorized by COMEX or NYMEX must mark them. These bars are available in 400 oz, 100 oz, 2.15 oz, 10 oz, and 1 oz sizes.
Gold coins: All gold coins must have at least 24 karats, except the 22-karat U.S. Gold Eagle.
Silver bars and coins: The 1 oz Mexican Silver Libertad and U.S. Silver Eagle bullion coins must have a fineness of 0.999. You can purchase silver bars of 1000 oz. or 100 oz.
Platinum and palladium coins and bars: They must have a purity of 0.9995 or above and a COMX or NYMEX hallmark. It is acceptable for private enterprises to produce 1 to 100-oz platinum palladium bars with hallmarks.
What Are the Risks Associated with Precious Metal IRAs?
One thing to look out for when investing in this market is the potential for fraud. Even if financial regulators continue to strengthen their control over this sector, there are still challenges.
If you purchase gold bullion, it does not pay any interest, dividend, or other returns. Therefore, it doesn’t entirely profit from the tax-free growth of IRA investing.
Only the capital gains from selling your precious metal at a profit would qualify for a tax benefit.
You cannot store gold at home or in a safe deposit box at a bank. Instead, you need to pay a custodian to purchase, ship, and transport the precious metals you keep in your IRA, as well as to store and insure them.
The custodian expenses for these IRAs are generally higher than those for traditional IRAs.
Before making any choices, you should consider the risks of investing in gold or other metals. However, a gold IRA can be a suitable choice for individuals who wish to diversify their retirement funds and benefit from the hedging advantages that gold provides against other financial assets, such as equities and paper money.
IRA Accounts with Precious Metal Assets
Due to the risks involved, the internal revenue code seems to discourage retaining metal assets in IRAs. Its opinion that any investment in a coin or metal is seen as acquiring a collector object accurately portrays this.
Therefore, the transaction can be classified as a taxable IRA distribution for income tax purposes.
IRAs are not permitted to invest in any coin or metal that was produced using precious metals because of this restriction. There is, however, a crucial legal exception to this general rule.
The exception stipulates that certain silver, platinum, and gold bars that fulfill the required standards of purity, may be used by IRAs as investments. However, the custodian or trustee of the IRA, not the actual IRA owner, must hold the bullion or coins.
With the best precious metal companies listed above, you can choose the company that suits your requirements to stabilize your future.