Retirement comes around a lot faster than people think, but when people do not prepare for it, they may be left with nothing. Many people have an IRA because they are preparing for this time in their lives.
However, people should consider diversifying their investment portfolios to have more options when they retire. That is why having a gold IRA has become a big staple for many people. To learn more about a gold IRA or where to open one, continue reading below.
What Is a Gold IRA?
When someone wants to get ready for retirement, they usually look at getting a 401K or a 403K. However, these retirement accounts help people invest in stocks, funds, and other paper assets. This can be helpful when it’s time to retire, but many of these markets are volatile, which means that people may not make as much money for their retirement as they thought.
However, there is another retirement account called a gold IRA. It allows people can invest and hold different kinds of precious metals from gold, silver, platinum, and palladium. Gold IRAs are becoming increasingly more popular because they know their investment will go up in value every single time.
Also, people will have physical precious metals to keep when they create their IRA. However, the IRS states that these metals cannot be kept in a person’s home but need to be kept in a secure storage facility outside the home.
How Did We Rank These Top Gold IRA Companies?
To determine how to rank the following gold IRA companies, it needed to be decided which ones were the best. The most important thing was to pick three companies that are reputable when it comes to making a gold IRA. Also, the company needed to have enough experience in the industry.
We first checked out an industry leading site: IRA Investing List of Top Rated Gold IRAS.
This was stop #1 as they are a leader in the precious metals investing scene since 2012.
Many people who have a gold IRA have been holding onto these accounts and their physical gold for years. This is why you want to pick a company with a proven track record and excellent service because it will be a company that they will use for years.
Also, security was a big factor when choosing the following companies. People may trust the company to store their gold bullion, silver, platinum, and palladium precious metals, which is why it needs to be secure. The last thing anyone wants or deserves is their gold IRAs to be emptied because the security was not enough for the custodians.
Lastly, the cost of opening up an account was looked at because people will need to put money into their gold IRAs to open them, but they will also need to purchase physical precious metals. This can all end up being costly, which is why people have a variety of companies to choose from when they pick out which company it uses.
The Three Best Gold IRA Companies
Below are the best gold IRA companies people can use for their gold IRAs. Fantastic groups were not mentioned on this list, like Birch Gold Group, but the three companies featured are some of the best gold IRA providers.
Goldco: The Best Gold IRA Company Overall
People looking for a gold IRA company with an amazing reputation will be happy with Goldco. This reputable gold IRA company is one of the best in the industry, which is why many people have used it.
The team will work with the customers to make every interaction personalized because they want you to set up the account that you need. This is one of the ways that Goldco stands out. Also, the customer support team stands out amongst the rest because they are available 24/7.
Features
Additionally, Goldco has an active educational blog that is kept up to date, so investors know about the current trends with physical gold and silver. This is essential when purchasing gold coins or other precious metals because people will need to stay informed about what is happening in the market. The company also has a lot of incentives for people who want to open up a gold IRA account because they will receive 5%-10% back in silver coins if they put down $50,000, to begin with.
Moreover, there is a buyback program that people can use. This is perfect for those who buy precious metals because it will allow them to sell them if they need to in the future. Also, there is a selection of fourteen eligible gold coins that people can purchase from Goldco to add to their gold IRA account.
However, the only downside to Goldco is that it is not transparent about fees. When someone goes to the website, they will find that they will not know the minimum amount of money they need to put into the account to set it up. Additional research has been completed, and it can be hypothesized that people will need to deposit $25,000 minimum to open an account. This is less compared to other gold IRA companies, so this is another reason why people use Goldco.
Storage
People will also be able to use some of the low-cost options that Goldco has for storage. The company already works with reliable custodians so that people can keep their precious metals safe. When someone initially invests in a precious metals IRA, their precious metals are stored in a non-segregated vault. However, if they want them to be moved, this will cost them extra.
Reputation
Goldco has set a very high bar that many other gold IRA companies may struggle to beat because it holds an A+ with the Better Business Bureau. Also, thousands of five-star reviews are online, which makes many people comfortable when choosing Goldco as their gold IRA company.
Final Thoughts
Goldco is a great company for people to get their precious metals IRA account if they want one. Many features available allow people to create an account that is perfect for them. Also, the team will work around the clock to ensure every investor receives an experience that is pleasurable and custom.
Pros
- Great customer support.
- Competitive pricing.
- New accounts will get silver coins.
Cons
- The fees are not listed on the website.
Augusta Precious Metals: Experts In Gold IRA Rollover
Augusta Precious metals is a gold IRA company that provides a complete service. This company’s reputation is outstanding, which is also why people need to pay big bucks to open up a precious metals IRA here.
Features
Customers who do choose to use Augusta Precious Metals will be able to have access to 24-hour lifetime support. Also, people will receive a personal assistant to help them create their account and address any concerns they may have. This is how many investors feel special when they use this company.
Also, fantastic educational materials are available for people to read to learn more about precious metals and how the market is changing. All of these materials are written by staff from Harvard University.
Additionally, all of the personal consultations have received high praise from the investors because they all cater to the person and their needs.
Lastly, the website is well-designed, which shows that the company continues to work to stay with the current times and trends.
Fees
The fee structure for Augusta Precious Metals is transparent, which is helpful for customers who want to think about using this company seriously. To set up an account, people will need to pay $50, and they will need to pay an additional $180 a year for custodial fees. However, the biggest downfall is the high minimum deposit to create a gold IRA.
People will need to put down $50,000 into their gold IRA to access an account. This can deter people from creating a gold IRA here, but that does not mean other people won’t do it.
Storage
Investors will be able to use the flexible storage options that they can choose from. It all depends on the person and what they want to do with their gold and silver precious metals.
Reputation
Since the minimum deposit is so low, it is no surprise that some of the highest people in society go to Augusta Precious Metals for all of their gold IRA needs. This means that the reputation of this company is outstanding, which is why many people have left five-star reviews.
Final Thoughts
Augusta Precious Metals is a great option for people who want to open up a precious metals IRA, but they will need to have the money to initially open their account. Even though the features and service are unmatched, the high price tag makes it a company many people may not want to use in the future.
Pros
- Amazing reputation.
- Lifetime support.
- Educational resources.
Cons
- High minimum investment.
Noble Gold: Gold IRA Transfer to Gold Specialists
Noble Gold helps people diversify their investment opportunities with the large selection of gold bullion, silver, platinum and palladium, and more. Investors will need to fill out an online form to start creating an account, but if they need any help, they can speak with a representative happy to explain everything to them. Also, people can skip the form and call the company directly.
Features
One of the most notable features of Noble Gold that other gold IRA companies have never thought of is the Survival Packs. This emergency response package comes with a mix of precious metals of gold and silver. The experts have picked these metals at Noble Gold, and these precious metals can be used as currency if there were to be a large-scale disaster. This is perfect for those planning for the end of the world.
People can choose their pack depending on how much money they want to deposit. It will change depending on if they put in $5,000 or $500,000. This is then delivered to the investor’s home within five days in plain packaging. Also, people can keep it in storage in the USA or Canada.
Fees
Investors like Noble gold because they only need to put down a minimum investment of $2,000. This is perfect for those who want a gold IRA but do not have the large amount of money that the competitor companies have.
Storage
Noble Gold does have storage options available for investors to use for their gold and silver precious metals, but there are other stage facilities that people can use as well. If they want to move their precious metals to a different facility, then they will need to pay to get them transferred.
Reputation
Noble Gold also has thousands of five-star reviews online, which means that customers trust this gold IRA company when it comes to their gold IRA needs. Also, the company does have an A+ rating from the Better Business Bureau.
Final Thoughts
Noble Gold is a great company for people to use when they want a gold IRA. The team is thoughtful and will help investors create their account. Also, the survival packs are unique and a big selling point because no other company offers this service.
Pros
- Transparent pricing.
- Fast gold IRA set up and shipping.
- Wide range of precious metals is offered.
Cons
- There is no international gold storage.
Find the Right Broker or Custodian for Your Gold-Based IRA
After purchasing the different metals that go into a gold IRA, people need to store them with a gold IRA custodian. There are many custodians around the country that people can choose from. Whether a credit union, a bank, a brokerage firm, or a different financial institution, people need to choose the right one for their investments.
It can be a challenging decision when someone needs to find out where they can store their investments, but it is not impossible. Many of the companies on this list will help people store their investment with their facility or know of their IRS-approved facilities that they can use. However, every person should research when it comes to picking their custodian because they need licenses, registrations, and insurance to provide investors with the correct service. Otherwise, people may end up losing their investment.
Lastly, people can look at a custodian’s reputation online. This is another solid way to determine whether a custodian is a right fit for the person and their investment because if other people use it, it may be a safe place to start.
Conclusion
People who want to diversify their investment portfolios should always consider looking into gold, silver, platinum, or palladium coins and precious metals. This is because they will always go up in value and are a safe bet for retirement.
However, before anyone uses any company to open up gold IRAs, they should conduct their research because the best gold IRA company depends on the person and their needs. Some people may prefer Birch Gold Group over Goldco. However, they will need to complete their research to ensure they pick the right one.
Also, there are many different precious metal IRAs out there, so the investor needs to pick one suitable for their needs. However, this post recommends Goldco as the best fit for gold IRAs. The customer support team is always ready to help, but the competitive pricing does allow other people to make an account with this company.
About Christopher Diaz
Christopher is an avid golfer who calls Miami home. As a Phil Mickelson fan, he set up this website as an informational portal for all other fans of "Lefty." He also occasionally reviews equipment and golf training programs, but admits he'd rather be on the course than anywhere.