- 14 Apr 2021
- Bonds
- Precious Metals
- Comments: 0
Gold IRA Company Reviews
#1 Goldco
Goldco offers both Gold and Silver IRAs. Gold and Silver IRAs are very similar to a traditional IRA in that they offer tax benefits and allow individuals to build wealth and prepare for their retirement. The main difference, however, is that instead of being required to invest in stocks, you can invest in gold and silver coins and bars.
Goldco’s website offers a simple application form that individuals can fill out to start the process of creating an IRA or rolling over an existing account. You’ll just need to indicate how you’re funding the account, and a member of Goldco’s team will work with you to get the money transferred to your new account.
After the money has been transferred to your IRA account with Goldco, you can select the gold and silver coins and bars to add to it. If you are unsure which options make the most sense for you to invest in, don’t hesitate to ask questions. The precious metals experts on Goldco’s team will be happy to offer advice or information to help you make the right financial decision.
Due to IRS regulations, not all gold or silver pieces may be held in an IRA. Gold coins and bars are required to be at least 99.5% pure, and silver coins and bars must be at least 99.9% pure.
There are a wide variety of IRS-approved gold and silver coins and bars offered by Goldco, so you should have no trouble selecting an array of precious metals to fill your new IRA. Some of the available include:
Gold
Silver
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#2 Augusta Precious Metals
One of the things that Augusta Precious Metals offers is helping their customers set up a new Gold IRA or rolling over an existing Gold IRA. Choosing to work with Augusta Precious Metals to create a Gold IRA will offer you financial protection and stability against future stock market drops.
Augusta Precious Metals has partnered with Gold and Silver IRA custodian companies, such as Equity Trust, Kingdom Trust, and GoldStar Trust Company to work with their clients to set up a Gold IRA and determine if an existing retirement account is eligible for a rollover.
After you’ve worked with the IRA custodian and have set up the funding for your account, you’ll be able to choose the IRA-eligible gold or silver coins and bars you’d like to add to your account. Per IRS regulations, gold coins must be at least 99.5% pure, and silver coins must be at least 99.9% pure.
Augusta Precious Metals’ selection of IRA eligible coins includes:
Augusta Precious Metals offers numerous secure storage option for their clients. The IRS regulations state that precious metals for Gold IRAs must be stored in IRS-approved facilities.
Augusta Precious Metals uses locations across the county to give their clients plenty of options. Each storage facility, regardless of its location, offers exception security and full insurance for the value of your account. Some of the storage locations include: New York, New York, Los Angeles, California, Wilmington, Delaware, Salt Lake City, Utah, South Fargo, North Dakota, and Bridgewater, Massachusetts.
With Augusta Precious Metals, you can also decide to purchase gold or silver for a personal investment. They offer a large selection of gold bullion, premium gold, silver bullion, and premium silver that you can have shipped directly to your door.
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#3. Birch Gold Group
Setting up new Precious Metals IRAs or helping individuals transfer or rollover existing retirement accounts into a Precious Metals IRA are some of the things that Birch Gold Group specializes in. If you’re interested in setting up or rolling over an IRA, just visit the website to initiate the process and connect with a specialist from Birch Gold Group. The first thing you’ll need to take care of is funding the account.
If you’re setting up a new account using your personal funds, you’ll be able to wire them to Birch Gold Group. If you’re rolling over an existing account, you’ll need to work with a Precious Metals IRA custodian. Birch Gold Group works with Equity Trust and STRATA Trust, two custodian companies that have an A+ rating from the Better Business Bureau.
Once the funds have been transferred to Birch Gold Group, it will be time to choose the precious metals you’d like to hold in your account. They offer a wide selection of gold, silver, platinum, and palladium coins and bars for individuals to choose from. Remember that IRS regulations state that in order to be held in an IRA, gold must be at least 99.5% pure, silver must be at least 99.9% pure, palladium must be at least 99.95% pure, and platinum must be at least 99.95% pure.
Below are some of Birch Gold Group’s IRA-approved coins and bars you can choose from:
Gold
Silver
Platinum
Palladium
Birch Gold Group offers their clients two IRS-approved storage options for their precious metals held in an IRA. They are the Delaware Depository and Brink’s Global Services. Both of these are excellent options in terms of the security and insurance you’ll receive for your precious metals; you’ll be able to trust that your gold, silver, platinum, and palladium will be ready and waiting when you’re ready to retire and begin cashing in your investments.
If you’d like to purchase gold, silver, platinum, or palladium as a personal investment, you’re also able to do that with Birch Gold Group. All the IRA-approved gold coins and bars listed above can be purchased as a direct investment, plus they offer a few additional options. These include the Liberty Head Double Eagle $20 Coin, the Saint-Gaudens Double Eagle $20 Coin, the Walking Liberty Half Dollar Coin, and the Peace Silver Dollar.
If you think Birch Gold Group sounds like a good fit for you, but still aren’t quite sure, request their free information kit. This kit is designed to help individuals learn more about investing in precious metals. It includes some common questions and answers about setting up gold IRAs, highlights the benefits of investing in gold, silver, platinum, and palladium, and shares some of the various coins and bars you can choose to invest in.
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#4. Regal Assets
Gold
Silver
Platinum
Palladium
One of the other IRA options offered by Regal Assets is a Cryptocurrency IRA. You can choose in vest in Bitcoin, Ethereum, or other digital currencies. Regal Assets was the first company in their industry to receive a cryptocurrency trading license, making them a trusted source for investing in cryptocurrencies.
Finally, the last IRA option that Regal Assets offers is a Regal IRA. A Regal IRA is a special IRA where individuals can hold both precious metals and cryptocurrencies in an IRA account. Investing in both cryptocurrencies and precious metals is a good option to consider because it will offer the opportunity to diversify your portfolio even more and protect your future in your retirement years.
In addition to the IRA investment options offered by Regal Assets, they also offer various investment packages with pre-selected precious metals and/or cryptocurrencies. These packages can help you make sure you and your family are financially prepared for an unexpected emergency or a larger financial goal. The investment packages range in value from $5,000 to $250,000.
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#5. Noble Gold
Noble Gold offers services to help clients set up a new Gold or Silver IRA or to rollover an existing retirement account into a Gold or Silver IRA. If you’re ready to diversify your portfolio to protect your financial future by setting up a Gold IRA with Noble Gold, fill out the form on the website.
A member of the Noble Gold team will contact you to go over your form and discuss how you’ll be funding your account. Then, once the account has been funded, you can choose from the various IRS-approved gold, silver, platinum, and palladium coins and bars that are available through Noble Gold. Some of these selections include:
Gold
Silver
Platinum
Palladium
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Key Considerations
Years in Business
Choosing a company that has been around for a while is important. This can help you feel confident that the company you selected isn’t going to up and go out of business in the middle of working with you.
In addition to looking at the experience of each company, be sure to also consider their reputation. An A+ rating from the Better Business Bureau and accreditation with the Consumer Affairs Association indicate a trust-worthy company that you should feel confident giving your business to.
Precious Metals Selection
While many companies offer Gold IRA services, they do not all offer the same selection of precious metals. Some many only offer gold and silver, while others may have platinum and palladium investment options as well.
Before choosing a company, look through the various coins and bars they offer for a Precious Metals IRA and consider the pieces you’d like to hold in your portfolio. Select a company that offers the variety you’re looking for.
In addition to allowing individuals to diversify their portfolio by investing in precious metals, some Gold IRA companies also offer the option to invest in cryptocurrencies. This is not as common, among companies, so if it is something you’re interested in, be sure to specifically look for it.
Fees
Storage
You don’t have as many storage options when it comes to a Gold IRA as you would if you were to purchase gold or silver for a personal investment. According to IRS regulations, precious metals held in Gold IRAs must be stored in an IRS-approved facility. However, there are different IRS-approved depositories around the country and different Gold IRA companies may offer different storage options.
Before selecting a Gold IRA company, look for information about the storage facility or facilities available, and make sure you feel comfortable with the choices.
Support
Finally, consider the available support and guidance offered by each company. Because the process of rolling over an existing IRA or setting up a new one can be so complex, you will want to choose a company that offers top-notch customer service. Having an advisor to help you understand and navigate each step of the rollover process will ensure everything goes smoothly and that you aren’t charged any fees.
Also, having a resource to help you understand the various precious metals that are available and select the best choices based on your needs and circumstances is important. Be sure to look for a company with experienced and helpful investment advisors that can help make important decisions about your new IRA.
Goldco has an A+ rating from the Better Business Bureau and a Triple A rating from the Business Consumer Alliance. They are a highly trusted name in the gold investment industry and have tons of satisfied customers.
Goldco can help you set up a new Gold IRA or roll an existing retirement plan into an IRA. Their team members are always available to answer your questions, help you select the best precious metals for your account, and work with you to ensure the transfer process goes smoothly and that you aren’t charged any fees by the IRS.
With the gold and silver coins and bars offered by Goldco, you’ll be able to diversify your portfolio with a nice mix of precious metals. Continue adding to your IRA each year to see your wealth continue to grow as you work your way towards retirement.
Goldco is our top pick, and we’re confident it will be your top pick as well. Start the process of setting up your IRA today by visiting Goldco’s website and filling out the application! You’ll definitely be glad you did!
Frequently Asked Questions
What is a Gold IRA?
Self-Directed IRAs were created to give individuals more freedom in selecting the types of investments they would like to hold in a retirement account. A Gold IRA is an example of a Self-Directed IRA where individuals hold gold, silver, or other precious metals rather than the traditional stocks and bonds.
By holding some investments in precious metals, individuals are able to diversify their portfolio and set themselves up for future financial success. With a diversified portfolio, you’re less likely to be negatively impacted by a stock market crash since some of your funds are held in other investment opportunities, such as gold.
Will the value of a gold coin increase?
When is the best time to purchase gold?
How can I invest in gold?
There are a few different ways you can invest in gold. One is to purchase gold coins or bars from a gold investment company or a local coin shop. Hold the coins until you are satisfied with the growth in their value or you need the money for retirement or another big expense.
You can also invest in gold by setting up a Gold IRA. Gold IRAs are a form of Self-Directed IRA where funds are held in gold, rather than the traditional stocks and bonds. Setting up a gold IRA is a good way to invest in gold or other precious metals without worrying as much about taxes.
How much of my portfolio should be held in gold?
The answer to this question will be different for each person depending on their current financial position, their age, and personal preferences. If you’re close to retirement age, you’ll likely want to take fewer investment risks, so you might not want a large percentage of your money invested in gold. On the other hand, if you’re still young, you have more time to be a bit more aggressive with your investments and to take greater risks, so you may choose to have a larger portion of your portfolio invested in gold.
You can always chat with a financial advisor and shift investments around in your portfolio based on what makes sense at the time based on the economy and your personal financial goals.