The 5 Best Gold IRA Companies in 2023
January 3, 2023 - Written by Raymond Carnell
Though many investors favor traditional IRAs, savvy investors are now turning towards precious metals. Keep reading to learn more about the benefits of investing in a gold IRA and the best providers to work with.
Disclosure: We may receive compensation if you purchase through the links on this website. However, this does not affect how much you pay or the integrity of our review. We simply choose the best option for retirees.
#1 Best Prices
Goldco Precious Metals
Rated 4.8/5 Stars Overall
#2 Best Buyback Program
American Hartford Gold
Rated 4.7/5 Stars Overall
#3 Best Client Feedback
Augusta Precious Metals
Rated 4.6/5 Stars Overall
For centuries precious metals have been a trusted store of value, and to this day are still a great way to secure your retirement. Not only do precious metals like gold and silver have intrinsic value, but they also have a finite supply.
Unlike fiat currency, gold is not at risk of losing its value - the long-regarded store of wealth, inherent value, and independence from the stock market make gold and silver great methods to hedge against the current risks we all face in today's financial market.
Over the past couple decades, we have seen some retirement portfolios lose a large chunk of its value, with no way to get it back. Fortunately, more and more investors are learning about gold IRAs and the tax benefits, diversification, and stability they offer.
With the desire to diversify and move out of the stock market & US dollar, precious metals turn out to be a more robust and safe option than most think.
Of course, as with any investment, you need to make sure your money is going into the right hands. Below we detail the 5 best gold IRA companies on the market that stand out for return customers, business ratings & reviews, and reliable systems.
The Best Gold IRA Companies for 2022
Company | Best For | Header |
|---|---|---|
#1 Goldco Precious Metals | Best Prices | |
#2 American Hartford Gold | Best Buyback Program | |
#3 Augusta Precious Metals | Best Client Feedback | |
#4 Birch Gold Group | Best Education | |
#5 Noble Gold Investments | Lowest Minimum |
#1 Best Client Feedback
4.9/5 Rating
#2 Best Pricing
4.8/5 Rating
#3 Best Buyback Program
4.7/5 Rating
#4 Best Education Options
4.5/5 Rating
#5 Lowest Minimum
4.3/5 Rating
#1 Goldco - Best Prices & Customer Service
4.8/5 Rating
*Most Trustworthy
*Best Customer Service
*Best Pricing
Goldco is a reputable company with a number of benefits to offer investors. This company specializes in selling IRAs that hold gold and silver. It also has a buyback program that allows investors to sell off their gold and silver with minimal hassle. The company also offers storage facilities that meet the IRS requirements.
Goldco charges no annual fee for first-time members and no maintenance fees after reaching $50,000 in their IRA. They also offer low-cost storage options for your coins, which are kept in a non-segregated vault. This ensures that the value of your assets is preserved. However, you should keep in mind that you will have to pay an annual fee for insurance and maintenance.
This company also provides a 24/7 customer service team, which can answer all your questions and assist you throughout the process. It also maintains an active blog with educational articles and resources. Customers can also enjoy attractive incentives like 5%-10% back in silver coins if they order $50,000 or more.
The company has a solid reputation with clients, with an A+ rating from the Better Business Bureau and more than 80,000 positive reviews on Trustpilot. Clients appreciate the company's honesty, friendly staff, and ease of account setup. In addition, it has been recognized by Stevie Awards as "Company of the Year" for 2021, and has been an INC 5000 member for five years. It is even endorsed by Sean Hannity, a well-known radio host.
#2 American Hartford Gold - Best Buyback Program
4.7/5 Rating
*Best buyback program
*Low minimum investment
*Best brand recognition
Located in Los Angeles, American Hartford Gold is a family-owned business that helps individuals and families invest in precious metals. They offer both physical delivery to your door and delivery within your retirement account. Through their extensive knowledge of the precious metals market and historical perspective, they empower clients to make wise investments for their future.
The company prides itself on providing superior customer service in every transaction. This commitment is reflected in the A+ rating they received from the Better Business Bureau. In addition, American Hartford Gold was named the #1 Gold Company in Inc 5000's 2021 list of fastest growing US private companies. In addition, the company has gained high-profile endorsements, including those of Bill O'Reilly, the legendary TV host. Additionally, they are proud sponsors of NASCAR, a sports league that emphasizes high-quality performance.
American Hartford Gold offers an online platform that allows investors to buy and sell gold and other precious metals. Individuals can invest in gold, silver, and platinum using IRAs. Those who are over the age of 55 can sell their investments and withdraw their profits, but the company recommends that their clients hold onto their gold for five to ten years. American Hartford Gold also offers a gold buyback program. Simply complete the withdrawal request form and the agent will tell you how much gold you can withdraw. Once the order is approved, you will usually have to wait a few days to receive your money.
In addition to providing excellent customer service, American Hartford Gold offers a wealth of services to help their customers invest in precious metals. Their website features a "News and Charts" section that gives customers access to articles and updates on precious metals. Additionally, the company's staff of professional executives will help investors choose the right precious metals to invest in. There are many types of precious metals available, including gold, silver, platinum, and palladium.
#3 Augusta Precious Metals - Best Client Feedback
4.7/5 Rating
*Best customer feedback
*Unique educational web conference
*No complaints since inception
Augusta Precious Metals has a stellar reputation, and they have thousands of satisfied customers to back up their claims. They have a customer-centric approach that makes opening an IRA account easy, and they have an expansive website with all the information you need. The company is even endorsed by former NFL quarterback Joe Montana, who is an ambassador for Augusta Precious Metals and a huge fan of the company.
Augusta has a professional team that understands the unique needs of investors. Customers will be paired with a customer success agent who will guide them through the entire process and respond to questions as they arise. Customers will also appreciate the fact that Augusta specializes in gold IRAs and offers competitive prices on precious metals. In addition, Augusta has an impressive track record of customer loyalty, resulting in high ratings on a number of respected rating platforms.
Augusta Precious Metals has an impressive range of investment options, including physical gold and silver bullion. They also offer multiple types of gold coins. This vast selection of investment options makes Augusta Precious Metals one of the best gold IRA companies.
Augusta custodians charge a low $50 setup fee and $80 annually for custodial services. They also recommend using a Delaware depository for IRAs, which is insured by Lloyds of London for $1 billion in case of theft. However, customers are free to choose from other depositories if they wish.
If you're looking for a safe, reliable investment option, precious metals are an excellent way to protect your investments from inflation. They are in high demand and hard to obtain, making them an ideal hedge against inflation. In addition to being valuable, precious metals also serve as a hedge against the risk of economic crisis.
#4 Birch Gold Group - Best Education
4.5/5 Rating
*Best delivery services
*Best education options
*Great brand recognition
Birch Gold Group has been in business for nearly two decades and is privately owned. The company has high standards for customer education, transparency, and efficiency. They prioritize responsiveness, knowledge, and one-on-one care to ensure their customers are satisfied with the services and investments they make. They also educate their customers about the risks and opportunities involved in precious metal investments, as well as how to avoid scams.
Birch Gold Group has an easy fee structure and does not require a high minimum amount for starting an account. They also waive the first year's annual fee for deposits of $50,000 or more. Their fees are comparable to other gold IRA providers, but they add up over the course of decades.
Birch Gold Group has an A+ rating with the Better Business Bureau and a reputation for providing great customer service. Its customer service representatives are very knowledgeable about gold, silver, platinum, and palladium, and are more than happy to answer any questions you may have. Its team of financial experts has worked with many top companies in the industry and has a stellar reputation for providing exemplary service.
Birch Gold Group also offers a free investing kit. They can help you set up an account and provide buyback quotes for your precious metals. Customers can also contact their specialists for updates and questions about the growth of their accounts. Additionally, Birch Gold Group helps their clients find a custodian to store their gold IRA.
Birch Gold Group works with a number of secure depositories throughout North America. The company uses Brinks Global Services, Delaware Depository, and others. Each of these depositories is highly rated by investors and provides segregated vault and non-segregated vault storage.
#5 Noble Gold Investments - Lowest Minimum
4.4/5 Rating
*Has cryptocurrency options
*Lowest minimum investment
*Great customer service
One of the best ways to invest in gold is through an IRA company like Noble Gold. This company offers a variety of investments and specializes in storing and transferring precious metals in multiple currencies. They also offer a free metals exchange service. The company has a great reputation with clients and has a number of different precious metals to choose from. They also offer an affiliate program for individuals who are interested in earning extra money through gold investments.
Noble Gold is an IRA investment company that strives to provide excellent service to their clients. They are a reputable company with over 20 years of experience in commodities investments. They were founded by Collin Plume, an economist who previously worked in the insurance and real estate industry. After seeing the importance of preserving wealth during a recession, he decided to specialize in the field of precious metals.
The company has a secure facility where gold and silver bullion are stored. This facility has ample space and significant security measures. In addition, the company covers the cost of depository services. If you decide to purchase gold outside of your IRA, you'll need to store it in a secure place.
Another benefit of Noble Gold is that they offer an easy application process. Typically, the process takes less than ten minutes. When you go to their website, click on the Gold or Silver IRA option, and then click on "Open An Account." In the application process, you'll need to provide your personal information, Social Security number, investment account information, and beneficiary information.
The Benefits of a Gold IRA
Investing in gold through an IRA is an excellent way to protect your retirement savings. However, it is important to do your research before you invest. It is best to work with a financial advisor who can guide you in making the best decision. Gold IRAs can help you protect your funds, while also enabling you to take advantage of the growing gold market.
Gold IRA companies offer assistance in setting up an account, funding it, and transferring your existing retirement account. When investing in gold, you should look for a company that offers customer service that is as professional as possible. There are several benefits to using a gold IRA company, including fast delivery of physical gold and silver and help with rollovers from your existing retirement account.
One of the biggest benefits of owning precious metals is that they can be used to diversify your portfolio. You can mix them with stocks and bonds for an even more attractive portfolio. You can also withdraw your investments with minimal penalties, since you can withdraw your money as it is needed. A gold IRA company can also help you invest in other types of assets. These investments are also tax-deductible.
A gold IRA is an excellent way to save for retirement. It helps reduce the risk of missing out on retirement benefits, while providing a hedge against inflation and interest rates. While it does not yield an income while sitting in the safe, it provides a level of security that other assets cannot match. By the time you reach the age of seventy-five, you must take a required minimum distribution from your account.
Finding a Trustworthy Company
Gold IRA accounts are an excellent way to invest in precious metals. However, they require you to meet certain requirements. For example, you cannot withdraw your account's cash value before you've reached the age of 59 1/2. As such, finding a good company is crucial to make sure you can get your money when you need it.
First and foremost, you should find a company that provides excellent customer service. A good company will have a smooth setup process for new clients and have qualified account representatives available to answer any questions that you may have. In addition, it is important to choose a company that will keep its fees low.
Another thing to look for in a company is quick turnaround times. Ideally, your gold IRA or 401(k) should be processed within a couple of days. Companies that offer online applications will process paperwork quicker. Those that use paper and ink cannot process your application quickly. Fortunately, some companies allow online applications. By comparing companies, you'll be able to pick one that fits your profile best.
Another good option is US Gold Bureau. It has an A+ rating with the Better Business Bureau and offers a wide range of precious metal products. Whether you want to buy a gold IRA or a silver IRA, this company offers top-notch customer service and an excellent return on investment.
Once you've selected the right company, you can then start investing. A gold IRA is an excellent way to diversify your portfolio and decrease the volatility of asset prices. Most companies don't allow you to open a new account; instead, you need to transfer the funds from a traditional IRA to your new gold IRA account. This process is known as a gold IRA rollover.
Gold IRA FAQ
Gold Individual Retirement Accounts (IRAs) have become increasingly popular in recent years as a way for individuals to invest in precious metals and diversify their retirement portfolios. However, many people still have questions about how these accounts work and what the benefits are. In this article, we will answer some of the most frequently asked questions about Gold IRAs.
What is a Gold IRA?
A Gold IRA is a type of individual retirement account that allows the holder to invest in physical gold, silver, platinum, and palladium. These precious metals are held in a secure facility and are fully insured. The account holder can choose to invest in one or more of these metals, and can also choose to invest in other types of assets such as stocks, bonds, and real estate.
How does a Gold IRA differ from a traditional IRA?
A traditional IRA is a retirement account that is typically invested in stocks, bonds, and mutual funds. A Gold IRA, on the other hand, allows the holder to invest in physical precious metals. This can provide a level of diversification and protection from inflation that is not possible with a traditional IRA. Additionally, some people believe that gold can act as a hedge against market volatility and economic uncertainty.
What are the benefits of investing in a Gold IRA?
Investing in a Gold IRA has several benefits. First, it provides a level of diversification and protection from inflation that is not possible with a traditional IRA. Second, gold has historically been a safe haven asset during times of market volatility and economic uncertainty. Third, gold can act as a hedge against currency fluctuations and geopolitical risks. Fourth, it can potentially provide a hedge against stock market crash.
Can I invest in a Gold IRA if I already have a traditional IRA?
Yes, you can invest in a Gold IRA even if you already have a traditional IRA. In fact, many people choose to do this as a way to diversify their retirement portfolios and protect their savings from inflation.
What are the tax implications of investing in a Gold IRA?
The tax implications of investing in a Gold IRA are similar to those of a traditional IRA. Contributions to the account are tax-deductible, and the account holder does not have to pay taxes on the growth of the investment until they withdraw the funds. Withdrawals made before the age of 59 1/2 may be subject to a 10% penalty, but there are certain exceptions such as buying a first home or education expenses.
How do I open a Gold IRA?
Opening a Gold IRA is a simple process. First, you will need to find a reputable Gold IRA custodian or administrator. This is a company that will hold and manage the precious metals in your account. Once you have found a custodian, you will need to set up an account and make an initial contribution. The custodian will then purchase the precious metals on your behalf and store them in a secure facility.
How do I make contributions to my Gold IRA?
You can make contributions to your Gold IRA in a variety of ways. The most common way is to make a cash contribution, which can be done on a regular basis or as a one-time contribution. Some custodians also allow you to make contributions in the form of physical precious metals, such as gold coins or bars.
How do I withdraw funds from my Gold IRA?
You can withdraw funds from your Gold IRA at any time, but keep in mind that withdrawals made before the age of 59 1/2 may be subject to a 10% penalty. To withdraw funds, you will need to contact your custodian and request a distribution. The custodian will then sell the precious metals in your account and transfer the proceeds to you. It is important to note that you may not withdraw the physical metals themselves, as they must be stored in a secure facility for the duration of the account.
Can I take a loan against my Gold IRA?
No, you cannot take a loan against your Gold IRA. IRAs are designed to be long-term investments and borrowing against them would defeat the purpose of saving for retirement.
Are there any fees associated with a Gold IRA?
Yes, there are fees associated with a Gold IRA. These can include setup fees, annual custodial fees, and transaction fees. It is important to research the fees associated with different custodians and compare them before opening an account. Additionally, you should be aware of the spread that is the difference between the buying and selling price, which can also be considered as a fee.
Conclusion
In conclusion, Gold IRAs can be a great way to diversify your retirement portfolio and protect your savings from inflation. By investing in physical precious metals, you can potentially benefit from the stability and growth potential of gold, silver, platinum, and palladium. However, it is important to carefully research different custodians and understand the fees associated with the account before opening one. Additionally, it is important to consult a financial advisor and to be aware of the tax implications of investing in a Gold IRA, as well as the penalties for early withdrawals.
Gold IRA Rollovers
A Gold IRA rollover is a type of retirement account that allows individuals to invest in physical gold, silver, platinum, and other precious metals. These types of accounts can be a great way to diversify your investment portfolio and protect your savings from market volatility and inflation. In this article, we will discuss the basics of Gold IRA rollovers, including how they work, the benefits of investing in precious metals, and some key considerations to keep in mind before starting a Gold IRA rollover.
What is a Gold IRA Rollover?
A Gold IRA rollover is a way to move funds from an existing retirement account, such as a 401(k) or traditional IRA, into a new account that holds physical precious metals. The process of rolling over funds is typically done by transferring the funds from the old account to a new account that is set up to hold the precious metals.
The new account, known as a Gold IRA, is self-directed, which means that the individual has more control over their investments and can choose from a wide range of precious metals options. Additionally, with a Gold IRA, the precious metals are held in a secure, IRS-approved depository, providing added security for the investor.
Benefits of Investing in Precious Metals
There are many benefits to investing in precious metals through a Gold IRA rollover. One of the main advantages is diversification. Investing in precious metals can help to reduce the overall risk of your investment portfolio and provide a hedge against market volatility and inflation.
Precious metals, such as gold, have a long history of retaining their value and can provide a stable investment option during times of economic uncertainty. Additionally, gold has been a reliable store of value for thousands of years, making it a popular choice for investors looking to protect their savings.
Another benefit of investing in precious metals is the potential for growth. While the price of precious metals can be affected by supply and demand, they have the potential to increase in value over time. This can provide a significant return on investment for those who choose to invest in precious metals through a Gold IRA rollover.
Key Considerations
Before starting a Gold IRA rollover, there are a few key considerations to keep in mind. First, it is important to understand the types of precious metals that are allowed in a Gold IRA. The IRS only allows certain types of precious metals, such as gold, silver, platinum, and palladium, to be held in a Gold IRA.
Another important consideration is the cost of setting up and maintaining a Gold IRA. There may be additional fees associated with setting up and maintaining a Gold IRA, such as custodian fees, storage fees, and the cost of buying the precious metals. It is important to understand these costs and factor them into your overall investment strategy.
It's also important to choose a reputable and trustworthy custodian or trustee for your Gold IRA. You will want to research and compare different custodians to find one that is experienced, has a good reputation, and offers the services and support you need.
Conclusion
A Gold IRA rollover can be a great way to diversify your investment portfolio and protect your savings from market volatility and inflation. Investing in precious metals can provide a stable investment option and the potential for growth. However, before starting a Gold IRA rollover, it is important to understand the types of precious metals that are allowed, the cost of setting up and maintaining a Gold IRA, and to choose a reputable custodian or trustee. It's also important to consult with a financial advisor before making any investment decisions.
How to Start a Gold IRA Rollover
Starting a Gold IRA rollover is a relatively simple process, but it does require some planning and research. The first step is to choose a custodian or trustee for your Gold IRA. As mentioned earlier, it's important to choose a reputable and trustworthy custodian who has experience with Gold IRA rollovers.
Once you have chosen a custodian, you will need to set up the new Gold IRA account. This typically involves filling out paperwork and providing the custodian with information about your existing retirement account. You will also need to specify which precious metals you wish to invest in and how much you wish to roll over from your existing account.
After the account is set up, the custodian will handle the process of transferring the funds from your existing retirement account to the new Gold IRA. This process may take several weeks to complete.
Once the funds have been transferred, the custodian will purchase the precious metals on your behalf and store them in a secure, IRS-approved depository. You will then have the option to add or remove precious metals from your account as needed.
Risks and Drawbacks
While investing in precious metals through a Gold IRA rollover can have many benefits, it is important to be aware of the risks and drawbacks as well. One of the main risks is the potential for price fluctuations. The price of precious metals can be affected by supply and demand, geopolitical events, and other factors. This can result in short-term volatility and potential loss of value.
Another potential drawback is the cost of storage and insurance. While the precious metals are held in a secure depository, storage and insurance can add to the overall cost of the investment.
Additionally, it's worth noting that precious metals, like any other commodity, can be affected by market speculation and market manipulation. So it's important to do your own research and consult with a financial advisor before making any investment decisions.
Tax Implications
When it comes to taxes, there are some important considerations to keep in mind with a Gold IRA rollover. One of the main tax advantages of a Gold IRA is that the account is tax-deferred, meaning that you will not have to pay taxes on the gains until you withdraw the funds from the account.
Another tax advantage is that the funds in a Gold IRA are not subject to the annual contribution limits that apply to traditional IRA accounts. This means that you can invest more money into a Gold IRA than you could into a traditional IRA.
However, it's worth noting that there may be penalties for withdrawing funds from a Gold IRA before the age of 59.5. Additionally, if you withdraw funds from a Gold IRA within the first five years of the account being established, you may be subject to an additional 10% penalty.
Final Thoughts
A Gold IRA rollover can be a great way to diversify your investment portfolio and protect your savings from market volatility and inflation. Investing in precious metals can provide a stable investment option and the potential for growth. However, before starting a Gold IRA rollover, it is important to understand the types of precious metals that are allowed, the cost of setting up and maintaining a Gold IRA, and to choose a reputable custodian or trustee. Additionally, it's important to be aware of the risks and drawbacks, as well as the tax implications of a Gold IRA rollover. As always, it's important to consult with a financial advisor before making any investment decisions.