While most IRA investors make an investment in more traditional assets like stocks, funds, and bonds, the tax code also permits them to make an investment in precious metals like gold IRA and silver using specialized IRA accounts.
Choosing the right company to work with is essential, as this will ensure you invest your money and time with the right people.
Let’s look at gold IRA companies and how they operate, so you can decide where to invest your retirement savings.
Here are some of the best gold IRA companies:
Goldco – The most reputable gold IRA company
Augusta Precious Metals – Top gold IRA company for transparent pricing
American Hartford Gold – Best for deposit requirements
Birch Gold Group – Most reputable for precious metals selection
Noble Gold Investments – Best company for smaller investors
Oxford Gold Group – Most reputable for gold IRA trade
Patriot Gold Group – Best in facilitating a precious metals IRA
Monetary Gold – Best for connecting with gold resources
Gold Alliance – Best for gold individual retirement accounts
Orion Metal Exchange – Best for trading gold IRAs
It has earned the top spot for the gold IRAs company for its exceptional customer service and streamlined retirement account practices. Many customers praise the company for handling administrative tasks, making the process much more manageable.
Additionally, despite having slightly higher fee rates than some of the competition, Goldco offers added security features and options that prioritize accessibility and accountability for their customers.
Goldco is among the most customer-focused and one of the best gold IRA companies available on the market today. It always keeps the safety and security of its customers in mind, making it a great choice for anyone looking to invest in a gold IRA.
Specific qualifications must be met to set up a retirement account with Goldco. You must have a minimum of $25,000 in assets or cash, and an additional $50 startup fee is required.
Along with these initial expenses, it’s important to note that ongoing costs are associated with maintaining the account. These costs typically amount to around $200 annually, which covers custodian fees and the cost of storing the precious metals.
Despite these costs, Goldco still offers a competitive fee structure compared to other custodians in the industry, making it a cost-effective option for investing in gold IRA.
Goldco provides a precious metals IRA which allows for gold IRA investments. It boasts a state-of-the-art, high-security storage facility for customers’ precious metals, ensuring their investment is safe.
Goldco has earned an A+ from the BBB, and the AAA rating from the BCA reflects its reputation and commitment to customer satisfaction.
The company has also established connections with mints to provide access to IRS-approved precious metal coins through your account. The setup process is easy with assistance from a dedicated Goldco representative for every customer.
It has a competitively low setup and a recurring fee compared to other companies.
The simplified setup process with direct communication with a Goldco representative, removing the need for interactions with custodians and mints.
A variety of customer service options and educational resources to assist customers in understanding the precious metals news and investment strategies.
The high return on investment with a $50,000 initial deposit may cause some FOMO for those who can’t afford the higher investment amount.
Augusta Precious Metals is a gold investment company that offers similar services to Goldco, with distinct differences in communication and fee structure.
The company simplifies the setup process, similar to Goldco, by organizing its representatives into teams, providing customers with specialized expertise throughout the setup process.
Additionally, this company charges lower fees than its competitors, with only an upfront fee of $50 to establish the precious metals IRA account and two annual fees of $100 each for the storage facility and gold IRA custodian fees.
However, one of the main differences between Augusta Precious Metals and Goldco is the required initial investment; this company requires a minimum of $50,000 as an initial investment, which may make it less accessible to some investors.
Augusta Precious Metals provides a dedicated representative for every gold and silver IRA in the entire company.
It has five teams of experts specializing in different areas such as legal documentation, retirement account creation, and purchasing precious metals to ensure customers promptly answer their questions.
It also offers a wide range of educational resources on its website, led by its director, to help customers learn about gold IRAs and retirement.
The company has an A+ from the BBB and a storage facility located in a remote area far from political and financial areas to minimize the risk of criminal activity in the area.
Augusta Precious Metals has a team of experts, allowing specialized knowledge to be easily accessible to investors and potential customers.
It offers a variety of educational resources available for free, created by a Harvard analyst to help customers learn about investing in gold IRA and silver.
It has lifetime customer care service that provides market insights and ongoing convenience for gold investors.
The $50,000 deposit may be challenging for first-time or new investors to reach.
AHG is known for its low minimum deposit requirements and positive industry reputation. One of the critical differences between AHG and other top gold IRA companies is that it sources its coins from the mint years and gold bullion.
This, along with the lack of a minimum deposit requirement, results in a fee structure with fewer recurring costs. While there is no setup fee with AHG, you will still need to pay for storage and custodian costs, usually between $75 and $125 yearly, for the depository fees.
However, these fees can vary, and that depends on which custodian you choose. Another advantage of American Hartford Gold is that it does not charge additional fees to maintain the account and has no minimum deposit requirement to set up a gold IRA.
Its unique approach to its business model sets it apart from many gold IRA companies in the industry. One of the key advantages of AHG is its focus on minting approved coins by the IRS.
These coins have lower demand than silver coins and bullion runs that are new, allowing them to be sold at a more competitive price. Additionally, AHG’s business model generates revenue by selling the older gold coins before charging maintenance fees or setup.
Another benefit of working with American Hartford Gold is that it does not have any minimum deposit requirements when opening an IRA, which allows people to invest in the company sooner.
It has received high ratings from the BBB and the BCA, with an A+ from the BBB and a AAA from the BCA.
American Hartford Gold (AHG) offers excellent accessibility to investors due to their lack of minimum deposit requirements.
It has clear and transparent pricing and promotion information ensure customers fully understand what they are getting into with the company.
It has high-quality customer service, as acknowledged by oversight boards such as the Better Business Bureau (BBB) and the Business Consumer Alliance (BCA).
American Hartford Gold (AHG) primarily deals in older IRA-eligible coins and gold and silver bullion, which may not be suitable for some investors who want to have newer mintings.
Although it’s among the gold IRA providers that are older in the precious metals industry, it offers many benefits as the better gold IRA provider.
Its main drawback is its wide range of non-IRA precious metals and IRA-compliant selection, which makes it a good option for anyone looking to purchase precious metals or gold and silver.
Birch Gold Group charges many setup and ongoing fees, including a $50 setup fee, a $30 bank wire fee, and an $80 maintenance fee.
It also has a minimum deposit requirement of $10,000 to start an IRA. However, if you can deposit $50,000, the fees will be free for the first year.
Birch Gold Group offers a vast collection of gold coins approved by the IRS, collectible coins, and silver bullion from various collections and mints.
This IRA company offers non-segregated and segregated storage options throughout three different facilities, all located far from the banking industry, to prevent sudden seizures from the governmental forces.
It has also partnered with the ETG, a highly reputable gold custodian with years of experience handling gold investment.
Birch Gold Group offers various self-directed gold options, including various types of gold and silver storage options.
It has various gold and silver options are available for both personal holdings and IRA deposits.
It has clear payment structures and transparent fees to ensure customers have a complete understanding of the charges and why they are being applied.
The pricing of the gold offered by Birch Gold Group is not always apparent.
Noble Gold is a reputable gold company that offers a range of services beyond traditional IRA plans. Along with its other precious metals options, it also provides a unique service called Royal Survival Packs.
This service allows customers to deposit cash and have Noble Gold create a customized package of gold bullion and silver coins that match the cash that is deposited.
It has different minimum deposit requirements and fee structures depending on whether you choose to invest in its precious metals IRA or opt for one of the RSPs.
Regarding its gold IRAs, the minimum deposit required is $2,000 in cash or $5,000 in other assets.
The company does not charge a setup fee, and the custodial and maintenance fees are comparable to most gold companies.
Noble Gold differentiates itself by emphasizing its Royal Survival Packs, which allow investors to take physical gold. This makes it a good option for those looking for this option.
The company also provides educational materials emphasizing its belief that gold is crucial for financial security and stability.
Its IRA and RSP services have a dedicated team of customer service representatives available to answer any questions and provide helpful guidance.
Additionally, it offers a wide selection of collector’s coins for those who wish to speculate on the collector’s market rather than taking advantage of the tax benefits of a gold IRA.
It has various gold and silver services, including gold and silver IRAs and collectible and bullion selections for at-home storage.
It features a low minimum deposit to make it accessible for newer investors to start saving for retirement.
An international option is available through the Noble Ambassador Pack, which provides untraceable gold storage in the USA for other citizens.
Emphasis on personal financial responsibility results in a less streamlined process than in other companies.
If you are considering gold investing or precious metals IRA investing, Oxford Gold Group is worth considering as a provider. Although the company is relatively new, the leadership team has experience of 20 years in the gold IRA trade.
The company was established to provide gold investment opportunities with lower commissions and fees. Unlike most gold IRA companies that charge a flat fee for their IRA services, Oxford Gold Group operates on a tiered fee structure.
The initial set-up fee for a new IRA ranges from $175 to $275, depending on the amount invested. The more you invest, the lower the fees will be.
Oxford Gold Group is a full-service company in precious metals, offering a comprehensive range of services to help gold IRA investors navigate the world of precious metals.
It has you covered from establishing precious metals IRAs to shipping and ordering bullion or gold coins for home storage.
The company has also established partnerships with well-known gold custodians, such as STRATA and Equity Institutional, to provide its clients with additional security and support regarding gold IRA services.
Additionally, its customer service is always available, answers questions, and offers support when needed, ensuring that its clients have access to the information and assistance they need to make informed decisions about their silver and gold investments.
It offers a simple and easy ordering process for gold IRA or silver for your gold IRA account.
Decades of experience with the company partners guarantee smooth operations and expert leadership.
Partnerships with reputable gold custodians, such as STRATA and Equity Institutional, ensure the safety and security of physical precious metals.
Limited custodian options may result in limited storage location options for your precious metal, potentially storing the metal farther away from your desired location.
The company specializes in facilitating precious metal IRAs and offers a range of precious metals such as silver, gold, palladium, and platinum for both IRA storage and at-home storage.
It will charge you a $225 startup fee when creating a precious metals IRA and requires a minimum initial gold IRA investment of $25,000.
It is always recommended to thoroughly research and compare options before making any investment decisions and consider if the fees and minimum investment align with your investment goals and budget.
Oxford Gold Group is a gold company that offers a quick and efficient IRA set-up process, with paperwork completed in 48 hours, even when done remotely or over the phone.
With six years of experience in the precious metals IRA industry, it offers a wealth of expertise to its clients.
It also offers various bullion and coin options, including platinum and palladium, giving you various choices to fit your needs.
The company’s reputation is reflected in its A+ from the BBB, showcasing its positive standing among its customers.
It has specialized experts in offering other precious metals, making the company well-suited for diversifying retirement portfolios.
The investor pricing reduces the value of the precious metals by cutting out some intermediaries commonly found in other gold investment companies.
It has a strong reputation maintained by both individual and celebrity customers.
Obtaining information about pricing and fee structures requires direct contact with the company.
Monetary Gold is an IRA company that will connect with your gold sources directly, eliminating the need for intermediaries and go-betweens.
This results in cost savings for customers, as they spend less on a gold IRA when purchasing through Monetary Gold.
The company does not charge an initial fee, but it asks for a minimum storage and custodial fee of $100 for the first $100,000 worth of precious metals, with an additional $1 for every $100 of assets above that threshold. Additionally, there is a $30 fee for home delivery of the precious metal.
Monetary Gold Group is a gold IRA company that has been operating for over 20 years, leveraging its extensive experience and deep connections with gold sources to provide high-quality options to customers.
It specializes in gold IRAs, physical precious metals, and silver IRAs and delivery them to maintain expertise in these markets.
The company also offers a simple, guided walkthrough process to establish a gold IRA or silver IRA with the help of its dedicated IRA team, ensuring a smooth and easy experience for its clients.
Direct dealership with gold suppliers reduces the cost of gold IRA for an account.
The leadership team has a combined experience of 100 years in the gold industry.
It has an A+ BBB rating for exceptional customer service.
Gold prices are not listed on the company’s website and must be obtained through a phone call before making a purchase.
Gold Alliance specializes in retirement gold IRA accounts and offers a unique focus on the long-term planning necessary for these types of investments to thrive. Gold Alliance does not charge a setup fee, unlike other gold IRA providers.
Instead, the cost of insuring, storing, and maintaining the IRA through Gold Alliance’s services and custodians is an average of $175. This is an attractive and cost-effective option for investors looking to invest in gold.
Gold Alliance provides comprehensive support for gold and precious metals IRAs. Its services include consultation, assistance with a gold IRA rollover from other gold IRA account types, and a range of resources to streamline creating an account.
It has also partnered with Delaware Depository, a highly reputable depository in the United States, to ensure your investments are safe and secure storage.
The investment plans are tailored to meet each investor’s specific needs and goals, whether they’re inflation hedging or downside risk protection.
Gold Alliance is a great option to consider if you are looking for the best gold investment companies.
It has a clear and transparent fee structure, with all costs packaged into a single monthly fee for easy budgeting and planning.
It has a buyback guarantee, providing peace of mind that you have a reliable gold IRA company for your gold in case of early liquidation.
Gold Alliance does not offer home storage options, limiting its use to IRA investments only.
This company is a one-stop shop for precious metal investments, offering a unique blend of trading expertise and in-house IRA services.
This approach allows it to provide competitive market rates for a gold IRA, whether you prefer at-home or custodial storage options.
In the case of new investors, the average setup fee for physical gold with Orion is between $75 and $100, which includes retirement account insurance.
However, storage costs can vary depending on the location of your chosen storage option, whether it be with Orion or one of its partnered custodians.
Orion Metal Exchange offers precious metals enthusiasts a wide range of investment options. As a client, you can choose between home storage, secured vaults under Orion’s self-directed gold IRA company, or security funded with capital or gold IRA rollover from another account.
The customer service team at Orion is dedicated to providing a personalized and informative experience, ensuring that clients are well-informed about legal requirements, market rates, and other essential details before making any decisions.
Unlike other companies, the representatives at Orion take their time and don’t rush their clients into hasty decisions.
There are no transfer or setup fees, providing an affordable and easy way to start gold investing in precious metals.
Regular promotions and discounts on custodial costs help new investors get started.
Fast and insured shipping options for silver, gold, palladium, and platinum ensure safety during transit for at-home storage orders.
Precious metals orders can only be placed over the phone with some of the representatives rather than through the company’s website.
Many of the best gold IRA investment companies are available online, each with its unique focus and areas of expertise. Some gold IRA companies specialize solely in gold, while others offer a wider range of physical precious metals options or gold investment accounts.
When choosing the best gold IRA company for your needs, you must consider your financial circumstances and goals.
Take a good look at what you can afford to save for retirement, and match that with the expertise and services that the best gold IRA company offers.
Doing so increases the chances of growing your wealth with precious metals in the long term. The best gold IRA company aligns with your financial situation and needs.