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Best Gold IRA Investment Companies 2022
For those starting in the investing world, it is easy to think that the only way to invest their money is in the stock market. Nothing further from the truth; the options are many. An extensive portfolio, with the money evenly spread around and not only in the stock market, is the best way to protect your capital.
Gold and silver, just to name a few of the precious metals where you can invest, give the investor a great deal of flexibility. Spreading out your budget in this way offer considerably less risk of loosing everything than having all your money, and hopes, in the stock market.
Most of the gold investment companies are designed from the bottom up to make it easy for new users to gather together a varied portfolio, investing in gold or silver (platinum and palladium are also included in the precious metals category), either as coins or ingots that you can have in the security of your own home safe, pursuing larger investments, or setting up a new gold IRA.
Gold Investment Companies Reviews
There are many gold investment companies, and finding the ideal one for you can become a challenging and daunting process. With that in mind, we have selected and reviewed the top four gold investment companies to make the decision of where to invest your money a less difficult one. Our goal is help you find the company that best suits your needs and in which your money will be most secure.
#1. Goldco
Pros
Cons
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Goldco - One of the Best Gold Investment Companies
Without a doubt, of all the gold investment companies in the market, Goldco is one of the best. It has the highest rating both with the Better Business Bureau and the Business Consumer Alliance, A+ and Triple A respectively. This alone should be the perfect tip to choose it as your gold investment company.
Contrary to some of the other high ranking companies here, Goldco doesn’t work with Platinum and Palladium, specializing exclusively in gold and silver. If these two are the precious metals you want to invest in, Goldco’s focus on them can make it the obvious choice. This, and the fact that both gold and silver prices have been stable under periods of crises when the stock market is performing not that good, make Goldco a perfect investment company to start your portfolio.
On top of that, gold and silver are being used more frequently these days in the development process of new technologies, and this trend is not going to slow down any time soon as we move deeper into a technological-defined future. When the time comes to sell your gold or silver, you will have no problem at all selling whatever amount you want.
A Gold IRA is a kind of self-directed IRA. In it, private persons are allowed to hold gold, or any other kind of precious metals if it was a Silver IRA, Platinum IRA and so on. The big advantage for individuals with this kind of IRAs is that they don’t need to invest in stocks or bonds. Because of the focus that Goldco has on gold and silver, setting such an IRA with them is rather easy.
Visit GOLDCO'S official website
After the cursory form-filling application on their website to open a new IRA, you just need to select the way to fund such IRA, and then provide the funds for said IRA. As soon as Goldco confirms that it has received the money, you can then select what kind of gold pieces, or silver pieces, you want in your IRA.
IRA Eligible Gold Bars & Coins
All the coins and ingots, bars, that Goldco offers meet the IRS demand of being 99,5% pure. There are a diversity of forms to choose for the coins or bars you decide to add to your Gold IRA. These are the ones that Goldco offers:
Goldco’s own portfolio is not limited to gold, you can also have Silver IRAs with them. The benefits for an individual portfolio with silver are almost the same as with gold: your future wealth will be better protected and, like gold, silver is on high demand.
IRS regulations state clearly that silver must be 99,9% pure to be held in a Silver IRA. Goldco gladly obliges. Below are the different kind of forms your Silver IRA and take:
The help Goldco provides to their customers does not end in merely helping them setting up a new self-directed Precious Metals IRA with either gold or silver. A non Precious Metals IRA can be easily turned into one, using the funds currently in the account. The Goldco’s team is more than happy, and eager, to offer you help in the process of understanding and determining if your retirement account can be made into a Precious Metals IRA.
You can count on the same benefits for the IRAs that Goldco offers than for a more traditional IRA. The maximum amount of money you can use to keep your investment growing goes from $6000 to $7000 a year, depending on your age, and from the time you turn 59 ½ you will be able to withdraw your money from your account(s) without any penalties.
If all this sounds appealing to you, visit Goldco’s website and request the free Self-Directed IRA guide. With it, you will get a broader and better understanding of what Gold and Silver IRAs are, how to set them up, and the types of coins and ingots you can buy.
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#2. Birch Gold Group
Pros
Cons
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Diversify Your Portfolio with Birch Gold Group's IRA Investing Account
Birch Gold Group is on a mission: to put the needs of their customers first, helping them find the gold, silver, platinum and palladium they need to diversify their portfolios. They are knowledgeable and ready to help you with whatever question or problem you may have in the process of investing.
They offer both possibilities: either Setting up a Precious Metals IRA from the ground up, or rolling over an existing retirement plan. The steps are as easy as they come: open a new account and transfer funds into it. Finish the set up, select the precious metals you want, and add them to said account. Done.
The provided help by the Birch Gold Group is always in the form of a staff member. They will guide you throughout the process, offering recommendations suited to your investment needs. Said staff member will finalize the purchase once you take the decision of what to buy.
While the Birch Gold Group offers a range of locations as storage options, the most recommended choice is the Delaware Depository. With their $1 billion worth of insurance, it is really easy sleep at night knowing your investments are well secured.
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Birch Gold Group holds it’s gold, silver, platinum and palladium to the high standards required by the IRS. This is 99.5% pure gold, 99,9% pure silver, and 99,95% purity both for platinum and palladium.
Some of the coins and bars that Birch Gold Group offers are:
Gold:
Silver:
Platinum:
Palladium:
In addition to the IRA options, you are also able to purchase these metals for a personal investment. Some of the options for gold and silver are listed below:
Gold:
Silver:
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#3. Augusta Precious Metals
Pros
Cons
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One of the Top Gold Companies to Invest In
As one of the Top 5 companies when it comes to considering setting up a Precious Metals IRA, Augusta Precious Metals has got high marks not only with the Better Business Bureau, but with Google, the Business Consumer Alliance, TrustLink, and Facebook. You can not go wrong with them.
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Augusta Precious Metals value their transparency above all else, and are committed to give the best service, in all the areas that are within their speciality. The process of investing in precious metals with them is streamlined and personalized to the needs of each client.
With Augusta Precious Metals, the process of setting up an IRA is as simple as it gets, making really accessible. On top of that, the staff members are ready to help whenever. Determining if your actual retirement account is eligible to roll over into a new Precious Metals IRA is one of the many fields where they can help you.
Here is a list of some the gold and silver IRS-approved coins that can be added to your Precious Metals IRA via Augusta Precious Metals:
Augusta Precious Metals has numerous IRS-approved storages for your Gold and Silver IRAs, from the West to the East coast. These cities include, but are not limited to:
Wilmington, Delaware, Jackson, Ohio, Salt Lake City, Utah, Los Angeles, California, Las Vegas Nevada, and Bridgewater, Massachusetts.
A Precious Metals IRA is not your only option with Augusta Precious Metals. Gold and silver can be purchased as a personal investment, adding an extra layer of protection to your portfolio.
The setting up process for a personal purchase is almost identical to the one you go through setting up a Precious Metals IRA: set up the account, transfer the desired amount of funds, and then select the coins or bars to be purchased. Here are some of the options offered by Augusta Precious Metals:
Gold and Silver Bullion:
Premium Gold and Silver:
Of note, is the packing and insurance system that Augusta Precious Metals offers. The latter is free of charge and every packet is securely and discreetly wrapped.
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#4. Regal Assets
Pros
Cons
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Diversify Your IRA Account with Cryptocurrency
What is it that makes Regal Assets stand out from the crowd? Besides the fact that they are a member of the Forbes Financial Council, their dedicated staff, the decade plus in experience, the fact that they work not only with gold and silver, but also palladium and platinum, there is another big factor to consider, specially if you take into account the more and more internet driven path that global economies are taking: cryptocurrency.
Cryptocurrencies are here to stay, no mistake about it. Together with more standard IRA, such as Precious Metals IRAs, investing in cryptocurrency will make your portfolio a sturdy one. And we are not talking only about Bitcoin, though admittedly it is the most famous.
These days you can choose from Ethereum, Tezos, Zcash, Litecoin, Stellar, and XRP, to name a few. The advantages of investing in cryptocurrency are many.
Regal Assets has special cryptocurrency investment packages, designed with only one purpose in mind, to simplify the whole process.
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There are six packages to choose from:
Regal Assets will also help you setting up a new Precious Metals IRA, or rolling over a pre-existing retirement account into a Precious Metals IRA. It is just a matter of contacting them and asking for the necessary help.
Regal Assets precious metals meet IRS’s regulations, with a 99,5% pure gold, 99,9% for silver, and 99,95% purity for platinum and palladium. You can add these metals to your portfolio in these forms, though you are not limited to them:
Gold:
Silver:
Platinum:
Palladium:
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What you need to take into account when choosing a gold investment company
There are a series of considerations to remember, all of them detailed in our list below. Take your time and find the company that best suits your interests and needs. This is not a choice you want to rush into.
Reputation and Experience
A key factor in any other field, reputation and experience it’s A and B. The company you want helping you with your precious metals investments should have more than a few years under the belt, with high grades from both customer reviews and the Better Business Bureau and Customer Affairs.
Investment Options
Next thing to consider are the different investment options these companies provide. Do they work only with gold and silver or do they also work with platinum and palladium? Can you purchase said metals directly or only to add them to a Precious Metals IRA? What kind of coins and bars they have to offer? Do they work with cryptocurrencies? This last one option is more and more popular between customers and companies. If it is something you are interested in, be sure to check the company you choose offers those services.
Fees
Transparency is key. Don’t be afraid to go elbows deep into fine print. Read cautiously after possible fees you might have to pay. What about insurance? Are your precious metals covered? Do you have to pay shipping for them? This might very well be the point that makes you choose one company over another.
Customer Service and Support
Starting a Precious Metals IRA can be… difficult, to say the least. Then there are fees that you might be charged if you don’t do what you have to do when you have to do it. Be sure to choose a company where customer service is paramount. You want to have help from the beginning, helping you with every step you take, be that setting a new IRA or rolling over an existing account into an IRA account.
Top Pick
For us, Goldco is the top-dog. All the companies in our list are on top of their game, trusted and respected, with many useful options, from personal customer service to free material.
So, why Goldco?
For starters, they rate highest with both the Better Business Bureau, A+, and the Business Consumer Alliance, AAA. When it comes to rolling over existing accounts into Precious Metals IRAs, Goldco makes it just so easy; their team is always ready to help you answer all the questions you might have on the matter and their knowledge is beyond any doubt.
Coins and bars? Goldco’s got you covered. Their selection is varied and IRS-approved. Investing with them can definitely help you diversify and protect your portfolio.
The choice is yours, of course. But we think that, were you to choose Goldco, you will not be dissapointed. Visit their website today and ask for the free Self-directed IRA guide!
Frequently Asked Questions
1. Why should I invest in gold or other precious metals?
When you invest in gold or silver, platinum or palladium, you diversify and protect your portfolio against unstable markets and weakened currencies. Why? Their value remains relatively constant all the time, and the limited supply on Earth makes them even more sought-after.
Because precious metals are not only associated with jewelry, but also technological developments, they will continue to be on demand for the foreseeable future.
By investing in precious metals, your portfolio attains an extra layer of security against sudden dips in the stock market. Were this last one to crash, you will probably lose a great amount of money. But if your money is invested not only in the stock market but also in precious metals… you get the picture.
These metals are extremely easy to liquidate, were you to find yourself suddenly in economic problems. Contrary to the real estate market, you shouldn’t have a problem finding a buyer for precious metals.
2. When is the best time to buy gold?
You want to do it, of course, at the lowest price possible. While these windows are not always easy to spot, think that gold prices tend to rise when the stock market drops. Can you buy gold just before this point, then do it.
But how to predict this? Keep an ear to the ground with reserve banks: if they are going to start printing more currency, this is an almost sure telltale of a rise in gold prices. This is due to the fact that gold prices go up as the value of the dollar goes down.
3. What is Gold IRA?
That is the question, isn’t it. A Gold IRA, or Precious Metals IRA, is a kind of self-directed IRA were you are allowed to invest in gold, silver, platinum, or palladium instead of stocks or bonds. The tax advantages with a Gold IRA are the same of other IRA accounts, but the fees might be higher.
The benefit? A diversified, and stronger, portfolio. Many times it is also possible to roll over an existing retirement account into a Precious Metals IRA.
4. What percentage of my portfolio should I hold in gold?
This is a question that should be answered on an individual basis. Comfort level with different investments, as well as your age, should be factors to decide this percentage. But a good rule of thumb is not to make risky investments close to your retirement, while if you are some years away you can allow yourself to invest more money in gold.
Having an eye on the stock market is also an option to modify the percentage held in your portfolio. But were you not to react rapidly, you could lose important sums of money.
5. Where can I purchase gold?
Coin shops or bullion dealers are the short answer. Were you to opt for this, check out their reputation and time in the business. And be sure to know the exact price of gold at the moment of buying it, you do not want to be lured into a scam.
There are, of course, a number of online companies you can buy coins and bars from. As with local shops or dealers, don’t forget to put some time into checking their reputation.
6. Should all of my money be invested in gold?
This is not a good idea. You want to diversify your portfolio, not have it tied down to one single commodity. While gold’s price is more stable than many other commodities, this is not written in stone. Should gold prices decrease, your losses can be considerable.