Best Gold IRA Companies
If you need help researching and opening a gold and/or silver IRA, you're in the right place.
Deciding to rollover a portion of your IRA, 401(k), 403(b) or TSP into physical gold and silver is a wise decision, in our opinion. There are countless companies that can set up a physical gold IRA for you, but as you might suspect, there are important factors to consider when choosing a gold IRA company.
Our advice is simple - don't go with just any company! Take your time and do your due diligence.
To help you narrow down your search for the top Gold IRA company, we’ve done comprehensive research by working with representatives from each of the top companies to determine the best overall company that we're able to recommend.
It is no wonder that many people are turning to gold or silver. Especially for investors closer to retirement or in retirement - the headlines of extreme inflation, war, dropping stocks and dropping cryptocurrency prices - are not easy to stomach.
Precious metals are an asset class that tend to hold value when other classes drop. Historically, gold has been the primary investment that many seek for a safe haven and more recently the prices for silver have led to an increase in silver interest. Other precious metals that investors consider are palladium and platinum but these are not as common so many investors simply focus on gold and silver.
The purpose of this article is to do a comprehensive review of the top three Gold IRA companies. Educational material is also included to help you understand what to look for and why. After a comprehensive review, Augusta Precious Metals ranked as the top Gold IRA company due to the most transparent fee structure and clear educational resources.
How does a Gold IRA work?
A pre-tax traditional Individual Retirement Account (IRA) allows you to contribute to a retirement account on a pre-tax basis, get tax-deferred growth, and then your contributions and earnings are taxed as ordinary income when you withdraw funds.
A post-tax Roth IRA, on the other hand, has post-tax contributions, tax-deferred growth, and tax-free withdrawals.
Withdrawals before age 59.5 for both Traditional IRAs and Roth IRAs result in tax penalties in many cases.A Gold IRA is a self-directed IRA where you get to decide what to purchase.
Self-directed IRAs are not limited to traditional financial products like stocks, bonds, mutual funds and exchange-traded funds (ETFs).
A Gold IRA is different from a regular IRA because it can hold physical precious metals instead of only precious metal funds, which may or not accurately track that value of the underlying metal they represent and may have higher fees.
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Goldco
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|---|---|---|---|
| Augusta Precious Metals | Goldco | Noble Gold | |
| In Business since | 2022 | 2006 | 2016 |
| BBB rating | A+ | A+ | A+ |
| Facebook and Google Ratings | 4.8-4.9 | 4.8-4.9 | 4.8-4.9 |
| Customer Service Experience | They have a structured educational process where you are walked through education on initial call and get to ask questions | Able to answer detailed questions on initial phone call but had overly-aggressive follow-up | Was not able to answer detailed questions on initial call and did not follow up as promised |
| Types of metals offered | Gold, Silver, and Platinum | Gold, Silver, Platinum and Palladium | Gold, Silver, Platinum and Palladium |
| Offers Gold IRAs and Gold Roth IRAs? | YES | YES | YES |
| Is gold aggregated or segregated in storage? | Either- you get to choose | aggregated | segregated |
| Minimum for retirement account rollovers | $25,000 | $25,000 | $20,000 |
| Annual Gold IRA Fees | $200/year for aggregated or $250/year for segregated storage, reimbursed if you invest over $200,000 | $200/year | $250/year |
FAQs
Conclusion
The final rankings for top Gold IRA company are:
- Augusta Precious Metals
- Goldco
- Noble Gold
Augusta Precious Metals came out on top because of significantly better transparency around fee structure and for having the most comprehensive education. While all three companies don’t directly offer investment advice, Augusta Precious Metals teaches you enough to be able to make informed decisions on your own and the fee transparency allows you to decide which metals to buy on your own.
While the initial purchase amount for Gold IRAs is higher than others, making Augusta inappropriate for rolling over small accounts, it is actually not recommended to move very small accounts anyways because the annual fee will eat into the returns on smaller accounts. Therefore, we don’t feel the account minimums will deter most of the investors looking into Gold IRAs. We value education and transparency above all else so Augusta Precious Metals is our top choice.
All investing contains a degree of risk. Some investments are riskier than others. The information and recommendations on GoldAdvocacyGroup.org should not be construed as financial or investment advice. The owner / operator of this website does not have any financial or investment certifications or licenses. The information on this website is for general educational purposes only. We recommend that you consult with your financial adviser before making any investment decisions regarding information gathered from this website or any website.
GoldAdvocacyGroup.org is a free online resource that caters specifically to those who are seeking helpful comparison information regarding precious metals. Please be advised that the operator of this site accepts advertising compensation from companies that appear on the site, and such compensation may impact the overall rating & recommendation as well as the location and order in which the companies (and/or their products) appear on the GoldAdvocacyGroup.org website.