Storage fees Gold, silver, or other precious metals held in an IRA account must be kept in an approved depository. Mint, the corresponding authority of certain other countries, or named private minting companies can be held in a gold IRA. The company has competitive prices, making it an attractive option for anyone interested in investing in precious metals. Like other IRA precious metals companies, American Hartford Gold promises competitive product prices and reasonable fees.
When you open a Gold IRA account with the company, you get access to a customer care representative who will walk you through the process of setting up a Gold IRA. If you only use your IRA for gold, silver, palladium, and platinum, you defeat the very purpose of diversification. Many people are considering investing in a self-directed IRA to diversify their retirement portfolio. The one-time setup costs include the administrative fees for setting up a new IRA and transferring funds to it.
All reputable gold IRA providers work with IRS-approved depositories, in particular the Delaware Depository, Brink’s Global Services, and AMGL (A-M Global Logistics). The company even offers rare, numismatic coins as part of its portfolio, as well as traditional physical gold and silver coins and bars. Some may only store precious metals in one of these deposits, while other Gold IRA companies offer multiple options. The platform offers a wide selection of gold bars and premium gold alternatives, including outstanding assets such as American Eagles, Canadian Maple Leafs, American Eagle Proofs, Gold Canadian Eagles, American Buffalo, and Australian Striped Marlin.
Regardless of the name, your precious metal IRA should still be a diversified warehouse that should consist of 5 to 10% of precious metals. Start with standard products like American Gold Eagles or Canadian Maple Leaf coins and gradually move on to rarer and riskier products. In addition to Delaware Depository and Brinks, two well-known precious metal deposits, Noble Gold also has its own depot in the state of Texas, giving customers additional options for storing their precious metals. This family-owned company has done this by implementing a fairly honest and transparent fee system that its customers can view and track, making it one of the best Gold IRA companies overall.
Gold IRAs are known as self-directed IRAs, but you can use them to purchase certain IRS-approved gold bars and precious metals.