Gold IRA accounts are the perfect vehicle for providing a long-term investment for your retirement. The major benefit of owning gold is that it can be stored without the risk of any loss or theft since precious metals are indestructible.
You also have the option to sell gold you do not want at any time, as opposed to stocks, which are liquidated at market rates, and you will not see a profit from this transaction.
This article will outline the different benefits and features of gold IrA accounts, as well as compare some of the top companies in the country.
What is a Gold IRA Company?
A precious metal IRA is an investment plan that allows for investing in precious metals such as gold and Silver. In order to have your money invested in this type of account, you must go through specific channels to establish the account and find a dealer to purchase from. There are thousands of dealers throughout the country who will allow you to place your money into a gold IRA account.
Advantages of Gold IRAs
There are several advantages of having a gold IRA. First and foremost, gold or other precious metals are durable, which means that you can store them for long periods of time without any risk of capital loss. This is important in two areas: the first is that you do not have to worry about the financial markets changing and losing your money. The second is that you will be able to sell your precious metals at any point in time and usually make a profit when this is done.
Another advantage to investing in gold ira accounts is that it allows investors to diversify their portfolios with a more stable asset than stocks and bonds alone can provide.
As mentioned in the introduction of this article, precious metals are indestructible, which means that you can store them without any fear of loss. Investors must know that the price of gold and silver prices fluctuates and is extremely volatile, but if you want to invest in gold ira accounts, then this is something you must consider. No matter how much money you put into an account, there will always be a buyer willing to pay more than what is owed to you. This means that assuming the next few years do not cause any major volatility in gold prices, your investment should provide a good profit for decades to come.
Disadvantages
Unfortunately, the stock market has proven that it is extremely volatile over the past several years. Investors who invest in gold ira accounts should keep this in mind. If a downturn occurs during the age of our retirement, selling your precious metals may become necessary. This can cause liquidity issues if you are not well-equipped with liquid assets.
The lack of liquidity also means that investors must be prepared for significant declines in prices, as opposed to stocks, for example, where large price increases are more likely. Also, keep in mind that precious metals have a relatively high entry point and costs are very high compared to stocks and bonds.
Top 5 Gold IRA Companies
1. Goldco
This company offers a very wide selection of gold, Silver, platinum and palladium products in addition to providing many different types of collectibles and gifts to add to your portfolio. Their gold IRA account is managed by a team of highly trained experts who provide 24/7 support for any investor questions you may have. They also offer a full line of precious metals as well as coins and collectibles suited for any need or want you may have. They also provide many different types of resources, including education, videos, books and newsletters that will help educate you on the best investment options.
Goldco is the leading gold IRA company, offering the most competitive prices in the industry. Although their prices are low compared to other companies, they have developed an excellent reputation for their customer service and integrity.
Why Goldco?
Goldco delivers all of your gold to a secure facility in Utah. The safety of your precious metals is one of their main concerns. They store your precious metals at a facility in Utah that meets all of our security needs. They are strictly regulated by a government agency as well as a private security company with exclusive access to the site at all times.
Has a team of experts who will help guide you through each step of the process. You get to be a part of the experts and how your precious metals are managed. The team can help you with any questions or concerns you may have. They are always available for you by phone and email 24 hours a day, 7 days a week.
Licensed and insured for up to $10 million. We are an approved dealer in every state throughout the country except Idaho, Louisiana, Michigan and Alaska. We also have an agreement with the U.S. Mint. If you have any questions, concerns or comments about your account, please contact us anytime, and we will do our best to help you through the process.
Offers a full line of gold bullion coins, bars and ingots for you to use for investment purposes. You can purchase gold in recognized forms, such as gold bars and various sizes of coins that are in high demand by investors around the country. Also available are IRA-approved silver bullion products in various sizes, privately minted silver rounds and ingots, as well as privately minted silver coins that are not approved by governments but accepted by many collectors worldwide.
Goldco is a licensed U.S. Treasury Dealer. They take your IRA funds and place them into a U.S. Treasury Trust account. The money is then used to purchase Gold, Silver or Platinum in various forms. Your assets are placed with a government-insured custodian in a non-bank trustee account with no fees or other charges associated with the approval of your gold IRA account. It is an exceptionally simple process that takes less than 48 hours to complete once all the required documentation has been submitted.
Among the options for gold coins are:
- Gold American Eagle gold coins
- Gold Maple Leaf coins
- Gold Freedom and Hope coins
- Gold bars
Clients of Goldco are required to deposit a minimum of $25,000 before they can begin investing in gold. Included in this amount is the setup fee of $50.
The other account fees are not included in this review.
Customers should be made aware of additional Goldco fees, such as storage and custodian fees, which are fairly typical for this industry.
Clients will pay between $100 and $150 in storage fees, while custodian fees are typical $80. No, this is not a one-size-fits-all situation. It depends on the vault type and depository that the client selects.
But one thing is certain: both fees are paid annually.
Cons
- 25,000 Minimum Investment
- To qualify for the best new customer promotions, customers must invest a minimum of $50,000.
2. American Hartford Gold
American Hartford Gold is one of the best gold ira companies in the country. They have a very large selection of various gold products as well as many other precious metals that you can use to make your investment portfolio. When buying precious metals with your IRA or 401k, you have a certain number of options when it comes to where you are allowed to invest, and American Hartford Gold is one of the options that is covered by many different retirement plans. The prices are very low, but the quality of their products is outstanding, so you know that what you are buying is just as good as any other company’s gold ira accounts.
Why American Hartford Gold?
American Hartford Gold has a very large selection of gold coins, bars and other precious metals that you can use to make your investment portfolio. They have the most options when it comes to gold ira companies in the country.
The customer service is excellent, and they are a highly respected company in the industry. They will help guide you through each step of the process so that you understand what is going on with your investments. You can also be assured that they will protect your investments at all costs by following all legal agreements and contracts that are required by law.
American Hartford will be there to give you the right guidance and guide you in the right direction. If you want any help, they can provide you with a wealth of knowledge that will help you make your gold investments as successful as possible.
The following services and goods are available from American Hartford Gold:
- Australian Wildlife Gold
- Australian Wildlife Silver
- Europa and the Bull, Malta
- Canadian Buffalo 2018
- South African Krugerrand
- American Eagle
- Canadian Buffalo 2021
- Canadian Gyrfalcon
- 2014 Canadian Arctic Fox
- Canadian Maple Leaf Royal
- Canadian Polar Bear & Cub
- 1 Ounce Rounds – varies
- American Eagle Proof
- Pre-64 Circulated Coins
- 5 Oz America The Beautiful
- 100 Oz Gold Bar
- Silver 10 Oz Bar
- Mercury Dimes
- Valcambi Combibar
- Morgan Dollar
- Circulated Half Dollars
Cons
- A significant portion of the company’s IRA-eligible inventory is several years old, which may not be appealing to investors who place a premium on novelty.
3. Augusta Precious Metals
Augusta Precious Metals is one of the best companies in the country because they offer incredibly competitive prices and they take their commitment to customer service seriously. It is their primary goal to help their clients make incredibly profitable investments. They want to be the best at what they do by providing the absolute highest quality precious metals and gold ira accounts, which can be trusted completely. Augusta Precious Metals are proud of offering unmatched customer service, which is why over 96% of customers are very satisfied with their experience.
Why Augusta Precious Metals?
Augusta Precious can provide you with a wide selection of gold coins, bars and other precious metals that you can use to make your investment portfolio. They offer an extensive list of gold options that you can use to create the perfect combination of investments.
They are one of the most trusted gold ira companies in the country because our company has been trusted by thousands of individuals and businesses for a number of years. We have an excellent reputation as well as outstanding customer service, so we will always be there to help when needed.
Augusta is of the only companies in the country that can provide you with a two-way insured Gold IRA. With a two-way insured Gold IRA, your investments are fully protected, which means you can use your precious metals to purchase other precious metals in the future. This gives you flexibility and versatility to expand your investment portfolio as much as possible, which will allow you to make significant profits.
They offer a variety of gold coins and bars in many different denominations that you can use for investment purposes. You will have access to an excellent range of products so that you aren’t limited when it comes to creating your portfolio.
Augusta has a Gold IRA that you can use for your investments. You will have access to a large selection of gold coins, bars and other precious metals that you can use to create your investment portfolio. With this option, you will be able to make the most of your investment no matter what type of metal you choose.
A $50 flat setup fee is charged. Additionally, prospective customers should be aware that their holdings are fully insured.
The cost of standard bullion is 5% more expensive than the spot price. The catch is that this is considerably less than what the dealers would normally charge.
Think about that.
The markups are usually higher if you want to purchase Premium goods with cash as opposed to retirement funds. The company will only increase premiums by a maximum of 33%.
For this reason, it is absolutely essential to make sure that you thoroughly research any cash purchases that you make before beginning.
Cons
- The $50,000 starting investment is the highest on the list.
4. Birch Gold Group
Birch is one of the oldest gold ira companies in the country. They have a very large selection of various gold products as well as other precious metals that you can use to make your investment portfolio. There are numerous retirement plans that will allow you to invest in their products, and the prices are extremely low when compared to other companies. Birch Gold Group offers an excellent array of highly competitively priced metals, which can help you create some really big profits in the long run. Gold prices are always at a premium when compared with other metals, such as Silver, so you know that what you are buying is just as good as any other company’s products.
Reasons to Trust Birch
Birch is one of the most trusted companies in the country because we have over 20 years of experience along with an excellent reputation that has never been tarnished. We have a team of highly trained experts who are professionals in every aspect of their lives. As such, they are very knowledgeable about gold and other precious metals, which is one reason why thousands of people trust them to invest their money on a daily basis.
With Birch Gold Group, you will never have to worry about losing money when it comes to your investments. That is because there is an impressive level of accountability when it comes to our company. We have an incredibly low rate of customer complaints, and that is one reason that our clients continue to use us as their gold ira provider.
They have the lowest price on gold in the entire market. With our products, you are guaranteed to purchase a high-quality product for less than any other company. This makes us the best deal for anyone looking to invest in gold because we offer great products, competitive prices and exceptional customer service from a trusted company.
They don’t restrict you from creating different kinds of expansion funds when investing in any of our products as well as other metals such as Silver or platinum. They want you to have the most freedom, which is they we offer you an unlimited number of options when it comes to your investments.
Birch offers a two-way insured Gold IRA that is fully insured, which means your investments are completely protected. We can ensure that all of our customers are confident in their decision by offering them the best protection when it comes to their precious metal purchases. This gives you the confidence that whenever you need to use your gold for another purchase or withdraw it for cash, you will be able to get the maximum value out of your investment, no matter what.
If you decide to use Equity Trust, you must pay an annual account maintenance fee of $80.
A $50 basic setup fee is additionally paid to Birch. The wire transfer fee for your initial purchase is $30 in addition to that. This is only charged once to establish the link between Birch’s and your bank account.
Your first year’s fees will be completely waived if you invest a minimum of $50,000. However, there is only a $10,000 minimum investment required to use the services. Even though that is significantly less than Goldco or Augusta, some people may not be able to afford it.
5. Noble Gold Investments
Noble Gold Investments is newer company that you can use to make your investment portfolio. With an extensive selection of highly competitively priced products, they are a great choice for new precious metal IRA investors. They offer some of the highest quality precious metals in the entire industry, along with a complete array of other metals that you can use to create your investment portfolio. They offer incredibly affordable prices along with excellent customer service, which is why they have been able to forge relationships with thousands of individuals and businesses for years.
Reasons to Trust Noble
They are one of the most trusted companies in the country because there is a complete team of professionals behind our company from every aspect of the business. All of these individuals are experts in their field and highly trained professionals who know all there is to know about gold, which is one reason that so many people trust us.
Noble offers a large selection of gold coins and bars that you will have access to when investing in their products. With this option, you will be able to create a portfolio with every imaginable kind of precious metal.
They offer a variety of products that have a very attractive price tag, which is why so many people invest in their products. Whether you’re looking for gold or Silver, we can provide you with everything that you need to create your portfolio.
All of the gold and silver products that they offer are made in the United States by our expert team of mints and manufacturers. Each product goes through rigorous testing to ensure it is of premium quality when it arrives to you, which is one reason why so many people trust them with their investments.
Noble Gold Investments offers a Gold IRA that you can use for your retirement. This is a unique IRA that can be used to create a tax-free retirement portfolio. You will be able to invest in all of our products without having to worry about paying taxes on any of the earnings. This is another reason why so many people trust us with their precious metals.
Noble has some of the lowest prices on gold in the entire country because they are looking out for our customers. They want you to have no problems when investing, which is why they offer competitive pricing in every aspect of our business.
There is no setup fee and a $2,000 minimum investment requirement for IRA services. The minimum increases to $5,000 when funds need to be rolled over.
The Royal Survival Packs can help with that.
You select an investment level and send the funds to Noble. Then they put together a package for you with carefully chosen bullion that is simple to sell. If there are any unforeseen natural disasters, political unrest, severe economic events, or other worries on your mind, you will be prepared.
The packages contain enough bullion at the lowest tiers to support a single person or a small family for a few weeks. You’ll receive a custom pack at the highest tier that was created with your input in mind.
These purchases are not governed by the same rules as an IRA because they are made with cash savings. In actuality, if you choose, you can keep these in your house.
The distinctive Noble Ambassador tier stands out as the sole exception. This is a unique service that is only offered to international clients who want to store a significant amount of untraceable bullion in the U.S. If you need to cross the border, Noble Gold will make sure that everything is prepared for you and that your privacy is protected. Both American dollars and bitcoin can be used to purchase this tier.
Conclusion
When you’re ready to get started with your gold IRA, there are a number of choices available to you. You’ll need to decide whether you want to work with a company like Augusta or invest in coins and bars directly.
If you’re still not sure what’s best for you, take some time to compare the different companies on this list and make the right decision for your needs. When you’re happy with your decision, you’ll be able to take advantage of the huge benefits that gold can bring to your financial situation.
The most important thing that you need to keep in mind when you’re making this choice is how much effort and to care you want to put in. If you are planning on simply buying some bullion and holding it for a decade or two, it doesn’t really matter what company you go with.
However, if you want to carefully curate your portfolio and reorganize it over time, this is where the right gold investment companies come into play. It is easy to purchase your initial products from them and then monitor their value as you add to your portfolio. Work with a company that you trust and that you feel will be there for you when needed.
You’ll be able to rest assured that everything is taken care of and that your investment is growing each day. By using one of these companies, you’ll invest in a product that pays tangible dividends over time. As the bull market continues, the price of gold will continue to rise, which means that you’ll see an increase in the number of products within your portfolio.