Best Gold IRA Companies of 2023
by Brand Partner Agency
A Gold IRA can be an excellent way for a person who wants to keep their investments safe and secure. You must only invest money into a Gold IRA with reputable companies like the ones in this article. The best part? These companies are also places where you can find information on how to start your own business.
Certain factors should be considered when searching for a company to handle gold ira investments. It is crucial that the company is insured, licensed, and guaranteed. You also want to make sure that they have an excellent reputation.
The cost of the investment and any other expenditures associated with it will vary depending on what type of services you need and how much Gold you want to invest into your IRA. Some services include safekeeping, storage, shipping, and even insurance for your investment if it gets damaged or lost in transit.
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1. Goldco (Editor’s Choice)
Goldco Precious Metals is a leader in gold and silver individual retirement accounts (IRAs). They are a privately owned company who was founded in 2006. GoldCo helps people protect their retirement accounts by rolling over an IRA, 401k, or 403b, to a IRA backed by Precious Metals. Goldco holds many awards and 5-star reviews all over the web. In 2021 they were awarded Company of the Year by the American Business Awards. Goldco has been publicallu endorsed by Chuck Norris and American talk show host Sean Hannity. You can learn more about Goldco in this complete Goldco review.
Pros of Goldco
- Customer satisfaction – A+ BBB rating, Abundance of 5-star reviews, Tripe-A rating from Business Consumer Alliance.
- Extensive Educational Resources – Goldco is a wealth of knowledge to help you make the most informative decision with your retirement account.
- Knowledgeable staff – They have knowledgeable staff that can answer your questions and gives you the best advice. They also have great customer service so that customers can be satisfied every step of the way.
- Insured – Precious Metals are covered by insurance to guarantee that in case of natural event or even theft, you will be compensated for your loss.
Bonus: 10% back in free silver coins for new accounts
Cons of Goldco
- Minimum investment applies
Why We Choose It
- Great reputation – Their reputation speaks for itself. They have been in operation for 13 years and have countless satisfied customers that can vouch for their excellent service. They are featured at the top of many of the best gold ira reviews across the web.
- State-of-the-art facilities – You are protected from any loss or damage to your investment thanks to the state-of-the-art facilities where they store their products. Although you will be charged a fee for this security, it is worth the peace of mind it brings you as a customer, knowing that your investment is well cared for.
- Variety of products available – They offer a wide selection of gold coins and bars depending on what best suits your needs and budget. They even have fractional bars and coins available to choose the amount of money you want to invest into your IRA.
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2. Augusta Precious Metals
This company has been in business for over a decade and is licensed by the United States Treasury. They are a full-service gold buyer and wholesaler. You can even buy a variety of products from them, which include: bars, coins, rounds, bracelets, chains, bullion coins, and much more. They also give you options to purchase the metal that you want. Some people prefer bars, while others want coins or rounds. They not only offer products but also give you ways to invest your money.
Pros of Augusta Precious Metal
- Low-cost, transparent fee structure
- Money-back guarantee
- Guaranteed fair-pricing on purchases
Cons of Augusta Precious Metals
- Doesn’t offer platinum or palladium
- No minimum investment specified
- No online purchases
Why We Choose It
- IRA-approved precious metals
- Direct purchase of gold and silver
- Gold storage in an IRS-approved depository
- Lifetime support from professionals
Augusta focuses on transparency, simplicity, and top of the line customer service. This has helped them set themselves apart from other gold IRA companies.
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3. American Hartford Gold
This company has been in business for over three decades and offers competitive prices. They are a full-service gold buyer, wholesaler, and dealer of gold coins, bullion bars, and rounds. There are many options available to you when you choose to work with this company, such as 1 oz gold bars and 10 oz. Gold bars or 5 oz. Nuggets (a form of non-monetary legal tender) are also 1/10th ounce, 1/4 ounce, or 1/2 ounce options for half eagles in their non-monetary legal tender series. They have many products that can fit your needs so that you can easily find what you’re looking for. They are rated A+ by the BBB and a trusted Gold IRA Rollover custodian.
Pros of Hartford Gold
- Family-owned and operated business
- BBB-accredited company with an A+ rating
- A buyback commitment and price-match guarantee
- Company that donates to charitable community organizations
Cons of Hartford Gold
- Does not disclose specific fee structure or precious metal prices
- Charges annual maintenance fees
- Provides no international shipping
Why We Choose It
- Free shipping-For peace of mind and convenience, you can purchase Gold with Hartford Gold and have it shipped to your home for free. If you want to save even more, they give you a discount if you purchase over $5,000 coins. You don’t have to worry about paying a lot for shipping because they offer it at no additional cost.
- Fast payments-They pay cash at the spot rate on the day they receive your order so that you can get quick payment for your gold items. They can send your payment quickly because most orders are received within two business days.
- 24/7 customer service- They offer many different ways to contact them so that you can get in touch with them anytime. You can call or chat with them during business hours or contact their 24-hour phone line for emergencies. They also have an online chat and several different methods of contacting them from social media or email options so that you can contact someone whenever it is convenient.
Learn More About American Hartford Gold
4. Noble Gold
Noble Gold is one of the most reputable companies to buy Gold online because they offer competitive prices, a wide variety of products, and a secure, easy-to-use website. Their 1/10th oz. Gold bars are also competitive since most companies in the industry sell only one or two sizes; however, Noble Gold offers many different options so that you can find the right amount for your needs.
Pros of Noble Gold
- Management is committed to increasing customers’ wealth.
- You’ll always have information with a focus on education.
- Several services are available, including non-IRA accounts.
- They offer possession and purchase of physical gold.
- Only Noble Gold has a Texas storage facility with the highest level of security for precious metals IRAs.
- Noble offers home delivery for the Royal Survival Packs.
- All Noble Gold IRA options have some of the lowest required minimum investments in the industry.
- The process is quick. There is a wealth of expert guidance and support available.
Cons of Noble Gold
- Since Noble Gold only started operating in 2016, it does not have the same established reputation as some of its competitors have.
- International options are constrained because there are no storage facilities outside North America. Furthermore, US storage is more expensive.
Why We Choose It
- High purity gold-They offer 100% pure gold products guaranteed to be of the highest quality possible.
- Top quality-Their company has an A+ rating from the Better Business Bureau, which shows that they are a reputable company with great customer satisfaction and quality products. This is important because many companies in the industry have bad ratings from the Better Business Bureau, making a good impression on new customers looking for a reliable place to purchase Gold for their investment.
- Low premiums-They offer low premiums and fees on all of their investment options so that you don’t have to worry about paying too much when you invest in their products. They are very competitive in the industry and offer great prices with good quality, so you feel confident when purchasing from them. Their low fees make it easier to get a good investment return.
- Long business hours-They offer their services 24 hours a day so you can reach them whenever convenient. It’s great to know that you can invest in Gold at 3:00 am if you choose to and still have access to the same features and services as if you were purchasing the product during their normal business hours.
There are many ways to buy Gold online, and you must find the option that will work best with your budget and needs. This can be a great resource because it has the information you need about gold bars and how to invest in them. Since there are quite a few options, it can be challenging to know where to start, but this guide should help you make an educated decision by giving you all the information about each company and how their products compare. The best way to determine which company is right for you is by comparing their services, prices, and delivery policies to determine which will be most beneficial for your needs.
What Is a Gold IRA?
Most people know about Individual Retirement Accounts (IRAs). They are very effective when it comes to keeping safe your money to finance your retirement. This account has traditionally kept assets like cash, stocks, or bonds. Gold retirement accounts came into the fold in the late 90s. These self-directed retirement accounts give investors various precious metals to choose from including platinum, palladium, silver, and gold. Some self-directed IRAs include cryptocurrency, art, and real estate. And similar to how a traditional IRA works, a gold IRA gives room for pre-tax contributions and accrues the investment earnings in a tax-deferred manner. The income and contribution caps are identical.
However, in contrast to traditional IRAs, which generally store assets like ETFs, funds, bonds, stocks, and cash alternatives, a gold IRA is structured to keep physical gold or other precious metals. You don’t have the physical gold at hand; you have to keep it in a secure depository.
The IRS doesn’t recognize all gold commodities; just some coins, bars, and bullion that meet the established metal ‘fineness’ standards. Permitted gold coins include the Canadian Maple Leaf or American Gold Eagle.
It’s a requirement that you keep the precious metals supporting your IRA in an IRS-approved depository. It’s more or less like purchasing gold without actually physical access to it. Note that keeping your gold in a location that isn’t ratified by the IRS provides grounds for your Gold IRA to get disqualified.
The best part about opening a gold IRA is that you are guaranteed protection from inflation and also provides another alternative of diversifying your retirement account. Enlisting a skilled gold IRA firm will assist you to harness the potential of these investments and will also know what’s permissible and not for a gold IRA according to the IRS.
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How Much Does A Gold IRA Cost?
A gold IRA typically charges three sets of charges. Opening a one-time account can range from $50 – $150. Some investment firms waive the charge for a greater first deposit. There’s also a custodial or annual administrative fee that ranges from $50 – $150 depending on the size of the investment. Storage charges in a depository on the other hand range from $50 – $300 per year, depending on the gold amount being stored at the facility.
Many gold IRA firms don’t levy a commission for selling or buying gold. But most include a ‘markup’ on top of the spot price, which in simple terms is to take their cut out of the transaction. Some firms are clear about their markup, while others hide their fees. All in all, a gold IRA usually has higher charges compared to Roth or traditional IRA that invest money in mutual funds, bonds, and stocks.
Final Word
You cannot afford to gamble with your retirement as those will be your golden years. A gold IRA can provide you with the cover and assurance you need against inflation and the volatility of the markets. You should keep in mind that your retirement goals and requirements are unique to you. Setting up Gold IRA accounts is a little complex compared to your traditional IRA so it’s crucial that you choose a gold investment firm that has the knowledge and expertise to assist you to attain your retirement dreams.
Therefore, if you’re looking to diversify your portfolio and safeguard your retirement future with a gold IRA, you cannot fail with the aforementioned best gold IRA companies. The final decision is yours and yours alone. That will mostly boil down to how you feel and think the company will work best for you.
Scour their websites for additional gold IRA info, talk to their representatives, and have a good time planning your retirement portfolio backed by a top-service gold IRA firm.
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