Augusta Precious Metals — Best Orion Metal Exchange — Best for Low Fees Birch Gold Group — Best for Fear Transparency Augusta Precious Metals has plenty of customer information on its website. Ironically, one of the features that make this company the best of our favorites is their video blog series with reasons why you shouldn’t own gold. Many gold IRA companies use scare tactics or exploit investors’ fears of a (highly unlikely) collapse of the entire financial system and a full-scale US collapse. Five companies have made it onto the list with the most reliable and overall best investor satisfaction.
They are Lear Capital, Goldco, Orion Metal Exchange and Patriot Gold Group. The Oxford Gold Group is also a well-known company that should be on your radar. Here’s what we did to make our best Gold IRA decisions. If you want to keep up with precious metal prices, American Hartford Gold can help you do just that.
The company has an entire section of its website dedicated to gold, silver, and platinum price charts as well as market news. A representative from the company we spoke to was extremely helpful and explained how opening an account would work, how fees are charged and where they go, and how Oxford Gold Group helps you during the life of your account. Our Oxford Gold Group analysis impressed us with the company and the product on offer. In addition to an excellent collection of educational resources, the company offers an excellent collection of gold, silver, platinum, and palladium coins and bars.
Her knowledge of the gold and silver markets is established in private markets and can be easily transferred to your IRA management. Many institutions offer Gold IRA accounts, so it’s important to compare your options before you invest. Some Gold IRA companies work with specific depositories so you can easily transfer your investment to these facilities. However, setting up a Gold IRA can be an overwhelming process, as it requires finding a Gold IRA custodian, finding an approved custodian to store your gold, and complying with IRS tax regulations for Gold IRA accounts.
Some companies also sell fake IRAs, tricking you into transferring your money to an unknown account, while others fake gold purchases and funnel the money into their own store instead. Spending on gold IRAs is generally higher than spending on traditional retirement accounts such as 401 (k), s. This is why many investors are turning to reputable gold IRA companies to make the process easier for them. However, many Gold IRA companies have their own minimum investment requirements that you must meet in order to work with them.
Gold IRA companies are essentially brokers that sell IRS-approved coins and bars of gold and other precious metals so you can invest a gold IRA. If you want more flexibility with your precious metals, you might want to learn how to buy gold outside of an IRA. Investing in a gold IRA is one of many ways to plan for retirement, and if you choose to do so, you should be aware of how to do it wisely. Some investors think this is safer, an opinion that gold IRA companies sometimes misleadingly hold.
Gold Individual Retirement Accounts (Gold IRAs) combine the relative stability of gold bars with the convenience and benefits of a modern IRA. Whether you’re looking to buy gold to diversify your investment portfolio or convert an existing retirement into a precious metals IRA, here are the best gold IRA companies. It uses STRATA Trust Company and Equity Trust Company as custodian managers for gold IRA accounts as well as the Brinks Depository and Delaware Depository vaults.