Best Gold IRA Companies
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#1 Ranked Precious Metals Company on the Inc. 5000’s Fastest-Growing Companies List
Best For Affordability
Goldco Precious Metals is a solid gold IRA company that has been around since the early 80s and has a reputation for being a top-notch firm in terms of customer service and satisfaction. The company offers flexible storage options through Brinks, as well as other financial services such as live market quotes, professional money management, insurance protection to cover your precious metals from theft or damage, and 24/7 access to your investment accounts online or by phone.
Goldco offers services specifically tailored to the needs of first-time gold IRA investors and seasoned ones that want more control over their retirement funds. For example, for people interested in adding coins or bars to their IRA but don’t have a lot of money to start with, Goldco offers an option called “Payable on Death,” which allows you to buy gold with no upfront fees.
Both Gold and Silver IRAs can be opened with Goldco, and you can decide which precious metal you want to invest in. The company charges a one-time fee of $350 for set up, as well as a fee of 0.5% for purchasing gold through your IRA account. If you want to contribute funds from outside your retirement account, there’s an additional fee of 1%-2%.
Using the Goldco application is quite easy. All you have to do is open an account, transfer funds from your regular IRA, and you can start buying gold immediately. Goldco gives its clients access to professional money managers that will invest their retirement savings in various ways, including gold mining stocks or ETFs.
The available Gold and Silver coins to choose from on Goldco’s website include:
Augusta Precious Metals
Augusta Precious Metals ranked #1 in 2021 due to their sophistication and dedication to customer service. This is the company that high net worth individuals (like Hall of Fame Football Player Joe Montana) choose to invest their hard-earned money with.
You can also invest in physical gold with no money down using Augusta’s “10% First Rule” which states: you can buy up to 10% of what you already own without having to spend anything upfront. This rule takes into account all of your savings, including cash, stocks, bonds, and mutual funds. Once you’ve decided on a product such as American Eagle coins or bars from renowned brands, contact the company to arrange its delivery.
The metals provided by Augusta are highly rated. For example, you can store your Gold Maple Leafs or American Eagles in a Certificate of Authenticity card. The company gives you the option to select from a range of insured storage facilities, including Brinks and Merril Lynch Bank. Augusta’s fees for gold IRAs are pretty low – only 0.75% per purchase order, which is one of the lowest in the industry.
Augusta helps their customers through live chat, email, and phone. The company’s secure website is user-friendly and full of valuable information on how their gold IRA works and news updates on the precious metals industry.
This company has also partnered with a number of other reputable dealers, giving you a chance to expand your portfolio with silver and palladium. This would be especially useful for investors getting close to the annual contribution limits set by the Internal Revenue Service.
Augusta precious metal selection includes:
Augusta Precious Metals is an excellent choice for people who want to add gold to their IRA retirement fund, as it gives great value for money versus other companies in its niche. Compared to Goldco, Augusta offers 10% less in monthly fees but no insurance coverage on shipping and storage costs. With its competitive rates and well-known brands such as APMEX, NTR, and Valcambi, this company could prove irresistibly helpful when choosing between all the options available in the marketplace today.
Noble Gold is an up-and-coming company in the field of gold IRAs. They are known for offering some of the highest quality goods around – you can check this out by reading through their reviews.
Very little personal information is necessary to get started with Noble Gold, just your name, phone number, email address, date of birth, and Social Security number. This can be submitted through their online form or by phone.
Once you have submitted this information, someone from the company will call you to talk about how they work and what type of IRA account (traditional, SEP, Roth) you want to set up. After that conversation, an application will be sent for your review and signature. Once it has been processed and everything is in order, an initial deposit can be made into your account.
It’s worth mentioning that Noble Gold provides two storage options: active storage (in a bank safety deposit box) or private vault storage (a facility where your metal will be stored). Both locations are within the United States. However, if you choose to store your precious metals overseas, there will be additional fees of $35 per quarter.
Process of Opening a Noble Gold Account
Choose A Type Of Account
Step one is to decide which type of account you would like to open. You can either go with a traditional or Roth IRA – each has different rules and qualifications, but the main idea is that they are both tax-advantaged types of accounts.
Create An Online Account
The second step requires creating an online account. This involves setting up your username and password, then adding personal information into your profile (name, date of birth, Social Security number).
Step three requires a signature from a qualified signer – this is the person who will be acting as your trustee or custodian. This individual needs to have their name, phone number, and email address entered into your account.
Enter Your Contact Information
The last step involves entering your contact information into your online account. This includes not only your contact info (name, address, Social Security number) but also what type of IRA account you would like to set up (check out this article for more information on traditional vs. Roth IRAs). After all of these steps have been completed, Noble Gold will mail over an application that can be signed and returned in exchange for a deposit to be made into your account.
Set Up A Storage Location
If you decide to store your precious metals abroad, it is necessary to set up an account at the storage location. This involves creating another username and password and filling out personal information (name, date of birth, address). If a person has a foreign passport number or country ID, that can be included in your profile.
Send In Your Application
After you have completed these steps, then you will need to send in your application. It’s important that this form is filled out completely – if there are any mistakes, the company might ask for clarification or not proceed with setting up your account.
You’ll want to make sure a qualified signer signs this application – this person should have their name, email address, and phone number filled out on the document. It’s also customary to include your social security number as well.
The types of coins you can buy on Noble Gold include:
Birch Gold Group
Birch Gold Group (BGG) is well known for its low fees for gold IRA accounts. It provides both storage and shipping coverage and comprehensive yearly audits of its holdings to maintain transparency for its customers.
The company has partnered with another reputable dealer, Provident Metals, which enables you to buy silver with no money down using the 10% First Rule. Just like Augusta Precious Metals, BGG allows you to invest in other precious metals such as platinum and palladium alongside gold IRAs if your annual income allows it.
You can select bars or coins from popular brands such as Valcambi, PAMP Suisse Diecast Bars, Royal Canadian Mint Gold Coins, and Sunshine Minting Silver. The company offers a wide variety of storage facilities nationwide that are fully covered by insurance, including Brinks, Transamerica, and COMEX.
The fees for BGG’s gold IRA accounts are among the lowest in the industry at 0.49% per purchase order, while their storage rates start at 1%. This means that if you invest $5,000 into your account for one year, you’ll get charged only $40 in fees.
One advantage offered by BGG is the ability to choose any form of gold bullion from 99.99% fine silver bars to 1 oz American Eagle coins or 24K gold coins, depending on what fits your budget best. The company provides up-to-date news on current events. It regularly accounts for changes in precious metals’ value, always providing users with concise and relevant information.
How to Set Up Your Birch Gold Group Account ?
Log in To The Website
When you go to BGG’s website, you’ll be presented with a homepage that has an online chatbox on the right side where you can speak directly with their representatives. The best way to get started is by filling in your personal information and selecting the type of account you’d like. You can choose between a rollover or a traditional IRA account.
Choose Your Precious Metal Type
Once you’ve chosen which IRA account type suits your needs best, it’s time to select your precious metal coin or bar options. If the value of gold was unchanged from when you first opened your account, purchasing new bullion bars or coins would be unnecessary. It’s best to stick with the assets you already have and sell them when the time comes rather than bringing in new ones. Still, there may be a chance that BGG increases its prices for silver or gold over time, so it’s always good to keep an eye on what kind of deals you can get by purchasing from other dealers.
Once You’ve Selected Your Precious Metals, Pay For Your Order By Visiting Provident Metals To Buy With Cash Or An Invoice.
If you started your IRA account with Birch Gold Group, then they’ll walk you through each step of how to buy precious metals when it’s time to reinvest funds in your account. If you open your account with another company, you’ll be required to sell those assets and transfer the proceeds before reinvesting in a new batch of gold or silver. If you’d like, BGG may also purchase precious metal from outside dealers on your behalf as long as it meets their requirements.
A lot of IRA custodians allow clients to select how they would like to invest funds – either by purchasing bullion or by holding it in cash until they decide what to do with it later down the line. Birch Gold Group only offers one option: hold your money in cash until you’re ready to buy more metal for your account.
When you’re ready to buy precious metals for your IRA account with Birch Gold Group, the company will hold on to your assets until you can use them later down the line. If you have any questions about how they work or if you’d like any additional information about setting up an account with them, it’s best to reach out by phone or live chat. The time it takes for this process is very short and results in little to no fees.
Below are some of the coins offered by Birch Gold Group:
A Gold IRA is an individual retirement account that allows you to buy, hold and sell gold investments without facing any penalties or taxes usually associated with other types of IRA. While this article won’t give step-by-step guidelines on investing in gold through your self-directed IRA, it will shed some light on the top five companies currently offering these services. After reading about these companies, hopefully, you will be able to make an informed decision when choosing where you want to go to get your precious metal investment.
The price of gold has gone up by more than 1,000% since 1990; there’s no question why many people are flocking towards this type of investment. The precious metal also has a history of being used as a hedging tool by investors that want to preserve their money in turbulent times. You may be interested in investing in this type of IRA if you believe the economy will fall apart soon and you need a haven for your retirement savings.
Gold usually has a low correlation with other asset classes, which means they don’t directly influence it; therefore, its price doesn’t fluctuate based on inflation or political unrest. That’s why gold can be an appropriate investment even when stock prices are dropping off the charts. If you would like to add physical gold bullion bars and coins to your self-directed IRA, the following are some solid gold IRA companies that will help you do so.
Key Considerations Before You Invest in Any Precious Metals Company
1) Years in Business
Before you invest in any company, you should look into its history. How long has the firm been in business? Are there any complaints about this company on the Better Business Bureau website?
2) Fees Associated With Your Account
You’ll want to be aware of all fees that are associated with your account. What type of IRA do you want to create? There are fees associated with IRA accounts, and when you add in the service fee of companies like Noble Gold, your final price for buying precious metals will rise.
3) Ability To Buy Different Types of Coins and Bullion
Does this company offer all five Precious Metal products: gold, silver, platinum, palladium, and rhodium? Some companies only provide a couple of types of coins and bars.
4) Minimum investment
What is the smallest amount of money you can put into your account with this company? Do you have to open up an IRA before you can purchase coins from them? The minimum number for opening up an IRA account might differ from that of the minimum purchase amount.
5) Transparency On The Website & Social Media
Is there a lot of information provided on this company? Are they active on various social media sites? Check out their LinkedIn page as well as Facebook and Twitter. Their Instagram or Pinterest accounts can also give you an inside look at how this company operates. Additionally, check out the customer reviews section of Google+ to see if past customers have anything to say about their experiences with different companies. If not, then be sure to read up on these companies so that you aren’t surprised later when something goes wrong.
6) Support Services
There are a lot of companies out there that won’t provide any type of customer service. Is this the case with Noble Gold? If you have a question about your account, you’ll want to know that someone will be more than happy to assist you in figuring everything out.