Gold IRA Investment Companies

Disclaimer: Some or all of the companies listed here may provide us compensation. This is partly how we keep and maintain our free services for consumers. Compensation and in-depth research from our team determines the results of our reviews.

Has the turbulence of the economy made you anxious about how you'll protect your nest egg? You aren't the only one. With the stock and real estate markets being so unreliable, many people are turning to precious metals as a way of diversifying their assets.

Precious metals are valued for retirement portfolios because they are real assets that perform inversely value-wise to the stock market. That means that if the market crashes, you still have a safety net thanks to the metals. It will get you through until the economy rebounds.

For more than two decades, it's been possible to create a precious metals IRA. But the regulations are strict, and the paperwork can seem daunting. That's where precious metals IRA companies come in. They do the heavy lifting for you, streamlining the entire process.

These are our top picks for the best gold IRA investment companies, along with some key pointers about how to choose the right option for your needs.

Top 5: Gold IRA Investment Companies

#1

9.8/10

Augusta Precious Metals

Augusta Precious Metals

#3

9.6/10

Birch Gold Group

Birch Gold Group

#4

9.4/10

Regal Assets

Regal Assets

#5

9.2/10

Noble Gold

Noble Gold
Augusta Precious Metals

Augusta Precious Metals is often cited as one of the top IRA investment companies on the market. Why does it get our number one slot? We haven't been able to find any company that can replicate the amazing organization and helpful customer service approach that Augusta has.

Augusta focuses on gold and silver retirement assets. Their approach involves working with customers for life, so you get ongoing updates about your holdings and portfolio. You'll curate a one-on-one relationship with the same customer representative throughout your time working with them.

In addition to the customer service rep, there are also specialized departments within the company. Each focuses on a different aspect of the IRA process such as the paperwork, the precious metals themselves, the purchase process, or the market.

Since every employee has one niche focus, there's a much wider breadth of knowledge throughout the company. If you have obscure questions about the industry or your investment choices, there are people at Augusta who have the answers.

This specialized setup is also cost-efficient. Since representatives aren't pressured to know each step of the process inside and out, there are savings over time. These allow Augusta to charge lower prices for their precious metals than much of the competition.

Quarterback Joe Montana has wholeheartedly recommended Augusta and works as the corporate ambassador for the company. After just one meeting with Augusta's representatives, he found himself so impressed by the service that he wanted to tell everyone about it.

Augusta Precious Metals

Another advantage of dealing with Augusta is the company's level of transparency. It's easy to find information about how the company works on their website. You can even find glowing employee reviews of the company culture on Glassdoor.

There are no hidden fees, so the price you're quoted is the price you'll pay. You'll get continuous updates on the status of your precious metals, whether they're in transit or safely stored in your vault. On top of this, you can have your questions answered by a representative at any time.

When your personal agent is assigned to you, they will streamline the IRA process. That means walking you through all of the paperwork and explaining each piece, plus helping you pick out your precious metals purchases. Most of the account setup work is done through the company so you don't have to do it yourself.

It's also possible to invest in precious metals for your personal portfolio with Augusta. When that's the case, you aren't subject to the same IRS regulations that there are on IRAs.

The company has an analytics team that can give you insights about your holdings and guidance for what to do in the future. The team leader has a Harvard background and a stellar reputation. In fact, there are hundreds of positive customer reviews online.

On the Better Business Bureau website, Augusta has an A+ rating and zero complaints. Out of 86 customer reviews, their total star rating is 4.97 out of 5. That means that nearly every single reviewer gave them a perfect score!

Augusta Precious Metals

This company can appeal to any potential investor who wants to purchase gold for an IRA. Their competitive pricing and streamlined setup are all super helpful. You aren't just making a purchase, you're creating a partnership that will last through your retirement and beyond.

One thing to keep in mind is that the company recommends that you invest $50,000 at minimum. For those whose retirement accounts are still relatively new, you might not have enough money to meet that threshold. That goes especially considering you don't want to put all of your money into precious metals.

If you do have $50,000 in savings or your existing retirement plan, Augusta is the perfect company for you.

Another advantage of the company is that they have educational materials available. For those who aren't quite sure whether they want to invest, these helpful seminars, articles, and eBooks can teach you everything you need to know. You'll learn about the market, advantages and disadvantages of investing, and who can benefit most from precious metals.

Augusta is also simple in their offerings. They don't work with platinum or palladium. The gold and silver that they do offer is some of the most popular on the market. Not only is it compliant with IRS guidelines, but it is a classic mint that stands the test of time.

By offering popular materials, Augusta makes it easy to choose exactly what you want. You don't need to worry about picking the perfect potential collector's item. Collector's coins aren't allowed in IRAs, anyway.

The company has a partnership with the Royal Canadian Mint. This allows them to offer coins at lower prices because there isn't any middle man. When you place an order, it will be shipped to the storage facility for free. Every package is fully insured.

Augusta doesn't guarantee that it will buy back your gold when the time comes. However, they haven't ever declined any buybacks. If you're ready to liquidate your assets in the future, they can pay you market price for the gold. That saves you the trouble of finding a buyer on short notice.

If there are any issues with your purchase, there's a 100 percent money back guarantee. You can also revise prices for seven days following a purchase. If the price of silver or gold drops in that time period, you'll pay the lower price instead. That's a perk that isn't offered by very many companies.

Augusta Precious Metals

When the time for liquidation comes, Augusta can either buy the metals back and wire you cash, or they can send you the metals themselves.

The company CEO is a man named Isaac Nuriani, who has a background in retirement planning. He began educating people about how they could be more financially secure when the economy is unstable due to Wall Street and stock market crashes.

He runs the company with strict ethics and transparency, making sure that customers always know exactly what's going on.

The company CFO is a man named Howard Smith, who has more than two decades of experience in the financial sector. He has been working with Augusta since 2018, bringing all of his knowledge and expertise from his work with bankers and capital markets.

Augusta's resources have been used to help high net worth individuals save for retirement since the company's inception. After you create your account, you then have a lifetime relationship with the company. You can ask questions and receive service from any department, regardless of whether you have any transactions pending.

Augusta also has more storage locations available than most competitors on the market. They work with a variety of different storage companies, rather than being partnered with just one or two. That means you can have your items stored in California, Utah, Ohio, Delaware, New York, or even Canada.

After your purchase is finalized, the items should arrive at the facility of your choice within one to two weeks.

As part of their commitment to transparency, Augusta publishes their pricing markups. When you purchase gold bullion, you'll be paying a 5 percent markup from the market value. That's very competitive and still within Augusta's bottom line.

You'll also pay one flat fee of $50 to set up your IRA and get connected with your custodian. Then there's a $180 fee annually that covers both the cost of storage and custodial maintenance.

Pros

  • Dedicated customer service representative.
  • Teams of specialized experts available to answer every question you have.
  • Tons of resources to help beginning investors without being pushy.

Cons

  • Minimum recommended investment is $50,000, so it might be out of some people's price range.

#2. Goldco

Goldco

Goldco is our second pick for the best gold IRA investment company. It's certainly the best option if you don't have enough funds to meet the high minimum price set by Augusta Precious Metals. Though the company has been in business for less than two decades, they have quickly established a reputation as one of the best of the best.

Goldco was first founded by Trevor Gerszt in 2006. Trevor's goal was to help people diversify their investment portfolios and make the financial decisions that would allow for future success. The company's specialty is in IRA rollovers and setting up new IRAs.

In addition to helping you get your IRA set up, the company also has gold and silver available for individual purchase. If you want to invest in these assets outside of an IRA, you have a chance.

Goldco's reviews are excellent no matter whether you're looking at past customers, industry experts, or community watchdogs. The Better Business Bureau gives them an A+ and the Business Consumer Alliance gives them an AAA. Trustpilot and Google also show very favorable reviews.

Goldco

Goldco partnered with Ron Paul in 2017 to help educate the public about how precious metals can be used to protect an IRA. They are familiar with the intricacies of the 1997 act that made it legal to hold precious metals in an IRA.

There are many companies that have been around for longer than Goldco, but hardly any manage to compete with the pricing and customer service.

One of the advantages of working with Goldco is that you get services other than simple precious metals transactions. Your customer service rep will walk you through the entire IRA setup process. You'll also be able to choose from multiple different custodians when you want to roll over your existing IRA assets.

Goldco operates inside all IRS guidelines for gold IRAs. Instead of having their own custodians or storage facilities, they have partnered with many different options. This means that you can choose the custodian that works best for you, while also having a choice of different locations for your storage.

The costs of opening and maintaining an account might vary slightly depending on different factors. But when you speak to the representatives, you'll find that they aren't demanding or pushy. They are informative and will answer your questions without trying to convince you to make a purchase.

It's recommended that you have at least $25,000 to invest before getting started. That's half of the minimum of Augusta, so the company may be more accessible to many people. At the same time, that minimum might still be too high for those with relatively small assets.

Goldco

When you get signed up as a new customer, you will be reimbursed for your first year's storage fees. The reimbursement will come in silver that's shipped to your home or another location of your choice. This silver is not part of your IRA.

You can expect to pay $175 per year for storage. Once you get to $100,000 in assets in the bank, that price will raise to $225. But it will never get higher than that, no matter how much you store.

Many other companies use percentage-based fee structures. They take a small percentage of your holdings as their storage fees. Flat fees are better because you aren't penalized for adding more assets to your vault. Your costs per year always stay the same.

To get signed up, you'll need to pay a flat fee for account setup. This is usually $50 to $80.

The setup process is simple and streamlined, though you should have some time set aside for it. You'll need to answer a lot of questions about your assets and your personal information. For example, you'll need your social security number. This allows the company to verify that you are a US taxpayer and stay compliant with IRS reporting regulations.

You can get set up over the phone if you want. It's also possible to do the setup process online, which might be simpler for those who don't like long phone conversations.

As you get set up, the company will provide educational resources about precious metals. You'll be given a complementary guide that teaches you about the basics of the industry and the benefits of precious metals for retirement. These basic notes are super helpful for beginning investors who aren't sure what decisions to make.

Another huge selling point for Goldco is that they have a buyback guarantee. When you're ready to start taking dividends from your account, you can sell your assets to the company at the current market price. There's no need to stress about finding a buyer or liquidating for lower than the items are worth.

Goldco

If you don't have any specific custodial partner in mind, Goldco has some partners it recommends. They often work with established entities like Equity Institutional and Sterling Trust. For those who don't know much about the storage and custodial options available, Goldco's recommendations are invaluable.

Goldco makes the IRA rollover process easier than any other company today. Do you have assets sitting in a retirement account right now? Do you want to use them to purchase precious metals, but you aren't sure what paperwork is necessary? That's where Goldco's service shines.

The company has garnered almost universal praise for their efficiency, transparent pricing, and quality customer service. On the rare occasion that a complaint has arisen, they've worked promptly to address and rectify it. Customers indicate that they are satisfied with the solutions provided by the company and that they feel prioritized.

That makes Goldco a pretty safe bet for your gold IRA investment. You know that they're honest and that they value you as a consumer. And they have the educational resources and recommendations to get you from Point A to Point Z, even if you don't know much about investing yourself.

Pros

  • First year fees waived and 10% given back in silver for newcomers.
  • Relatively low minimum investment of $25,000.
  • No pushy sales tactics or pressure to buy.

Cons

  • Minimum investment might still be too high for younger people and those without large retirement accounts.
Birch Gold Group

Coming in third on our list of the best gold IRA investment companies is Birch Gold Group. This company has been operating out of California since 2003. The team of employees is made up of precious metals experts, experts from the financial sector, and economic experts.

All of the combined expertise allows Birch Gold Group to help people secure their retirement savings in a precious metals IRA. They provide updates about market conditions to help people make the best possible decisions for their retirement savings.

Birch Gold is one of the most trusted investment companies in the industry, whether you're talking to customers or experts. They offer a brokerage with gold bullion, storage services for precious metals, and retirement planning services.

Having been in the industry for almost two decades, Birch Gold has earned its trust from the ground up. There are precious metals available in a variety of weights. Unlike some other companies, you can purchase rare metals like platinum and palladium.

If you're interested in having a more diverse portfolio for your precious metals, these offerings might intrigue you. Silver's price can fluctuate because of demand from the technology industry. Meanwhile, palladium has the potential to generate greater returns because it is more scarce than gold.

Birch Gold Group

There are fees associated with a Birch Gold account, but they're extremely reasonable. It costs $50 to set up your account, which includes everything from creating your precious metals IRA to funding it with a rollover. When you make your payment for your metals, you'll have to pay $30 as a wire transfer fee.

You can also be expected to pay $180 per year in combined custodial maintenance and storage costs. If you create an account with more than $50,000 worth of holdings, your fees for the first year will be free.

Like the other best companies in the industry, Birch charges flat fees instead of percentages of your holdings. That $180 will never change, no matter how much money you accrue in your account.

It's recommended that you have $10,000 to invest as a minimum. While this might be steep for new investors, it is significantly less than either of the previous options on the list. Because of this, Birch Gold might be a good choice for younger and more frugal investors who still want high quality customer service.

The company is partnered with two storage companies: Brink's Global Services and Delaware Depository. This gives you a choice of several different regional and international storage options. Every vault is fully insured, and packages ship with full insurance as well.

When you work with either of these storage companies, you will have your precious metals independently verified by your custodian. They will make sure that your holdings are the correct purity and weight. As time goes on, your vault will periodically be audited to make sure the correct metals are still inside.

Birch Gold Group

Birch Gold is known for having excellent customer service, with the vast majority of people satisfied with their experience. Their BBB page has 83 reviews, almost all of which are perfect scores. The rating overall from the bureau is A+.

There is one major difference between Birch's customer service team and the customer service at the average investment company. With Birch, the customer service representatives help clients figure out what investments best suit their specific goals and needs. It's a very individualized process.

The goal of the company is never to sell as many precious metals as possible. Instead, the goal is to find out what customers want for their future, and then to make a plan for how to achieve that. They do this by using the economic and financial expertise of their varied experts.

Birch Gold creates educational resources to help first time investors learn about the benefits and drawbacks of different investment options. They can walk you through different metals, different portfolio layouts, and different strategies for returns.

The company has also done work for the local community surrounding its California headquarters. They reached out to honor healthcare workers for their lifesaving response to the COVID-19 pandemic.

Getting set up is super easy. If you're thinking about opening an account, you can get in touch with one of the company specialists. They will talk with you about your retirement goals, worries, and current assets. By using this information, they'll help you figure out a plan.

After you've done this, one of the company's IRA specialists will examine your retirement account and find out if it's eligible for a rollover. Some accounts may allow rollovers without any penalties. The specialist will walk you through the process of doing this.

Birch Gold Group

You'll use your rollover to fund your new retirement account. At this point, you'll also select a custodian. If you don't have one in mind, you can use one of Birch Gold's recommendations. The paperwork for this process is also very streamlined.

After the funds from your retirement account roll into the IRA, you'll buy precious metals that adhere to your investment plan. The metals will be shipped to your chosen storage depository and stored.

If you want to fund the account with your bank account savings, that's possible as well. You just won't need to do the paperwork for an IRA rollover. Similarly, you can purchase metals for personal investments. These will be shipped to the location of your choice without any of the fees associated with retirement account setup or maintenance.

All in all, Birch Gold's approach is hard to beat. They have enough experts to answer your questions and help you make investment decisions, and they also don't have a huge minimum investment. That makes the company more accessible to those who have more limited funds for their IRA setup.

Pros

  • Minimum investment of $10,000, so it's a more accessible option for those with less money.
  • Expert resources with individualized attention paid to every customer.
  • Potential promotions like fee waivers and returns on precious metals.

Cons

  • First year fees are only waived if you invest at least $50,000.
Regal Assets

Regal Assets is one of the best gold IRA investment companies in the industry today. Unlike many of their competitors, they also offer other self-directed assets like cryptocurrencies. If you're interested in investing in both gold and crypto, this company is a one-stop shop.

Regal Assets was founded by financial expert Tyler Gallagher. Tyler specializes in non-traditional assets and retirement planning. He was part of the Forbes Finance Council for two years in a row. The company's gold IRA offerings have been available since 2013.

Though this is one of the newer companies in the industry, they have made a name for themselves. They're well known for being on the forefront of technology.

Regal Assets is among the fastest-growing firms in the country. In addition to selling cryptocurrency and gold, the company helps people make decisions about their financial futures. They use reputable trading firms and custodians in their deals.

The cryptocurrency options are interesting. Cryptocurrency is the opposite of precious metals in some ways: it's a non-tangible asset, and it's an extremely risky and volatile investment. But like precious metals, crypto is a non-traditional way of holding your money where the government can't get to it.

Regal Assets was the first company to be given a license to trade cryptocurrency commodities. They allow you to invest in a variety of different virtual currencies including Bitcoin, Ethereum, Litecoin, Stellar, and Ripple. All virtual currencies are supported by the company, even if they aren't actively available for purchase.

Regal Assets

If you're interested in purchasing a different kind of cryptocurrency, you can talk to a company representative. They might be able to make you an offer.

As for precious metals, Regal Assets has multiple IRS-approved coins and bars in gold, silver, platinum, and palladium. Platinum products are only available in coin form. If you want palladium, you'll need to purchase either a bar or a Canadian Maple Leaf coin.

There are a variety of different weights available for the gold and silver coins and bars. You have a chance to invest exactly as much as you want.

You also have the choice of four different investment portfolios, which are divided based on their cost. The $25,000 portfolio is built for fast profit. The $250,000 portfolio is built for people with high net worth to increase their wealth significantly over time.

Another option is to get a Protection Package. This is a personal package that will be shipped to you outside of an IRA. It includes high quality coins and metals that can be easily liquidated if there's an emergency. You can purchase $5,000 worth of coins for an individual or $10,000 worth to support a family.

If you want to invest in an IRA, you'll need to meet the $25,000 minimum. Regal Assets typically has IRAs that are a combination of cryptocurrency and precious metals. But if you don't want cryptocurrency, you can buy precious metals alone.

Customer reviews for Regal Assets over the years have been glowing. One complaint has been filed through the BBB, but the company resolved it and the customer was satisfied.

Regal Assets

There is no pressure from the company to invest right away. You can ask your questions and get answers and guidance without any pushy sales tactics. In addition, all of the IRA materials are IRS-approved, so you don't have to worry about picking the right ones.

The company offers a free guide to gold IRAs for beginners, which you can use to learn about your investment opportunities. For those interested in learning about crypto, there's also a free crypto IRA guide.

Regal Assets partners with Brinks Global, which is a reputable and IRS-approved depository. It doesn't have as many storage options as some competitors, but the vaults are extremely secure. You can also get segregated storage, which will keep your assets from being accessed by anyone except your custodian or you.

The company makes rollovers easy no matter what assets you're purchasing. You can roll over funds from 401(k)s, IRAs, and more. If you have an existing IRA, you don't even need to contact your custodian. Regal Assets can do that for you. All the heavy lifting and potential hassle is taken care of without you needing to lift a finger.

In addition to having glowing reviews from past customers, Regal Assets has also been written about by major finance publications. The company has been featured in the Huffington Post, Forbes, Bloomberg Magazine, and Smartmoney. Despite the company's young age, it is a respected member of the Forbes Finance Council.

Pros

  • A+ BBB rating and 99% customer satisfaction on other sites.
  • Offers both cryptocurrency and precious metals IRAs for a diverse portfolio.
  • Has "Survival Packages" that can be purchased outside of an IRA.

Cons

  • Only partnered with one storage company, so depository options might be somewhat limited.
Noble Gold

Noble Gold has the lowest minimum investment threshold of any company on the list, asking that you have just $5,000 to invest. That's perfect for younger investors and those who only want to invest a very small percentage of their assets.

Their fees are a little higher than you get with some of the competitors, which is why they come in fifth. But they use a flat-fee setup so you aren't penalized for adding more money to your account, and their costs are still well within the low end of the gold IRA spectrum.

Noble Gold's founders don't just talk the talk; they also walk the walk. Together, they have invested over $200,000,000 since 2005 in the precious metals industry. Their combined experience in the investment sector comes to more than 25 years. Despite the company's youth, Noble Gold's reputation is solid.

Noble Gold employs advisors that are often recommended by CPAs, estate attorneys, and fiscal agents. Financial experts believe that the company has their clients' best interests at heart. Customer support is a huge deal, and Noble Gold takes pains to make sure everyone's experience is good.

Noble Gold

When you create an account, you'll also get access to ongoing information about your assets. You'll pay an annual fee of $80 along with a $150 fee for storage. That includes segregated storage, which keeps your metals separated from other people's. Every vault is also fully insured.

These costs don't include custodial fees. Your custodian will have their own pricing structure for maintenance and transactions, which will be added to this total.

Noble Gold has one of the fastest delivery times on the market. Within five days of making your purchase, the metals will be inside a Gold IRA pool. This pool includes details about everyone's holdings and IRA values.

For people in the southwestern United States, Noble Gold has another unique feature: a storage depository in Texas. It was previously difficult to find any registered and approved depositories in the southwest region of the US. Texans who want their gold close to home will appreciate this.

It takes just 24 hours to open an account. Purchases are made quickly and efficiently through electronic systems. If you get signed up with an IRA, your fees for the first year will be waived, so you don't even need to worry about them until next year.

The company is also committed to avoiding pushy sales tactics. Like the other options on the list, every representative puts the customer first. They want to make sure that you succeed at whatever your individual goals are. Their business comes from trusted recommendations rather than shady tactics.

Noble Gold

Some people have even said that they're glad they went to Noble Gold for their first investment experience because of the customer service. They say it was easy to have their questions answered, access resources, and take charge of their own decisions. At the same time, recommendations were available when the investor asked for them.

Reviews of the company online are excellent. They have an A rating with the BBB and have been accredited since 2017, when they were founded. Of the 30 customer reviews, every single one gave the company a perfect score. There has been just one complaint closed recently.

The complaint is no longer available to read on the BBB website, but it was related to a product or service. Because it is no longer available, it can be assumed that the issue was resolved to the customer's satisfaction.

What Noble Gold lacks in longevity, it makes up in quality. The experts behind the company know what they're doing and make precious metals investment accessible to more than just the elite.

Pros

  • Advisors are constantly available to answer questions and guide the process.
  • Low minimum investment threshold of $5,000.
  • You get ongoing updates about your precious metals, including reports and photographs.

Cons

  • The company has existed for less than 5 years, though the founders do have much more experience in the financial sector prior to that.

Final Thoughts

The right gold IRA company for you will vary depending on your needs. Every one of the investment companies on this list has excellent customer service, competitive precious metals pricing, and a fairly easy setup process.

Our top pick overall is Augusta Precious Metals. Their company organization simply can't be beaten. Every employee is part of a specialized team that focuses on one specific aspect of the IRA process. That means that when you have questions, there's always someone who knows the exact answer, even if the query seems obscure.

If you're looking for a company that specifically specializes in IRA rollovers, Goldco is the way to go. They have stellar customer service and a leading industry reputation. Meanwhile, if you're looking for the white glove service with a relatively low minimum investment, Birch Gold only requires you to invest $10,000.

Frequently Asked Questions

What is a gold IRA?

A gold IRA is a special type of retirement account. Instead of holding assets like money, stocks, and bonds like a traditional IRA, this is a self-directed account. Self-directed IRAs can include assets like precious metals, real estate, and other non-traditional holdings. Gold IRAs hold gold.

In order to invest part of your retirement in precious metals, you'll need to comply with strict IRS regulations. There's paperwork to fill out, and you will need to have your items kept in an approved facility with a licensed custodian. There are several facilities and custodians throughout the US.

Because the process of setting up a precious metals IRA can seem daunting to people who don't have a financial services background, there are companies that can help. These companies are staffed by experts who specialize in all the intricacies and legalities of precious metals IRAs.

By working with one of these companies, you cut down on the stress and hassle of setup. Many of the companies will also connect you to the gold you need to fund your account at a competitive price.

What precious metals can be held in a retirement account?

In addition to gold, it is legal to keep silver, platinum, and palladium in a self-directed IRA.

But there are certain rules and regulations. You can't use items like jewelry. The metals must be pure coins or bars. Each has a different purity level required for approval by the IRS, but all must be almost 100 percent pure.

It's not always easy to make sure that your precious metals fall within the IRS guidelines for self-directed IRAs. That's another reason that precious metals IRA companies exist. They know the regulations, so they can connect you with options that are all within acceptable boundaries.

Can I put precious metals that I already own in a retirement account?

You cannot place existing precious metals investments in a retirement account, even if they meet the standards outlined by the IRS. You must first create the account, fund it with money, and then use that money to purchase new precious metals.

There's nothing stopping you from selling your existing precious metals and using the cash to fund your IRA, though. You'll then buy new precious metals to replace the old ones so you're still compliant with IRS regulations.

What are the advantages of a gold IRA?

Gold IRAs come with a variety of advantages. Despite precious metals being an "old school" investment, many investment experts recommend dedicating a portion of your portfolio to them. They provide stability and a hedge against inflation that's hard to beat with other assets.

One advantage is that they are real, tangible assets. Holdings like stocks and cryptocurrency can evaporate into thin air as the market turns. With precious metals, you always know exactly what you own and what it's worth.

The stability is the biggest advantage. Precious metals tend to have value no matter what the economy does. When the stock market plunges, the prices of precious metals go up. And the price of precious metals tends to increase over time anyway, in keeping with inflation.

That slow increase in price can help to safeguard your savings against inflation. A dollar you earned in the 1960's is barely worth anything in the 2020's. But if you invested that dollar into precious metals, the value would grow. When you were ready to take dividends from your account, the sale of the metal would be much higher than a dollar.

Are there any disadvantages to a gold IRA?

There are a few potential disadvantages to a gold IRA, though most can be mitigated through smart investing.

One disadvantage is that precious metals don't pay dividends. That means you won't be generating profits with every new quarter the same way you would with stock holdings. Because of this, it's best not to put your entire retirement into precious metals. But a small portion can save you from economic risks.

Another disadvantage is the maintenance fees. Since the assets are tangible and must be stored in an accredited facility, you'll need to pay annual custodian and storage fees. These will vary depending on the storage facility, the amount of precious metals you're holding, and the custodian you choose.

Different custodians set up their fees in different ways. Some have flat annual fees, while others charge for transactions and reports. The right one for you will just vary depending on your investment needs and desires.

What should I keep in mind when choosing a gold IRA investment company?

The most important thing to keep in mind when choosing a gold IRA investment company is that you need to work with a trustworthy company. That goes for any type of precious metals investing, whether you're working with a broker in real life or over the internet.

So it's important to make sure that the company is reputable. There are a few ways to do this. You can look for recommendations by experts and third parties, as well as read customer reviews. One helpful tip is to check out the Better Business Bureau page for each company. Do they have any complaints? Were they resolved to the customer's satisfaction?

You can also check sites like Ripoff Report to see whether any complaints have been filed against a company. Companies with patterns of mismanagement and fraud often have multiple different complaints on this website.

Your next consideration is the quality of service. Does the company give you a dedicated representative? Are they committed to answering all of your questions? Do they handle all of the paperwork and talk to your custodian for you? The more a company takes care of, the less you have to do yourself.

You'll want to consider the prices of their precious metals, of course. It helps to compare the asking price to the normal market price of gold. You can ask your representative about the typical markups on IRA precious metals, but always make sure to double-check the numbers yourself.

Other considerations can be taken into account from there, such as:

  • What are the fees for setup and maintenance?
  • Are the fees separate from custodial fees?
  • Are the fees flat or based on a percentage of your holdings?
  • Do they offer other assets like cryptocurrency or real estate?
  • What is the investment minimum, and do you meet that threshold?
  • Where are the storage facilities located?
  • What type of storage vault is it?
  • Can you view your holdings online or access reports at a moment's notice?

Many of the top companies offer very similar quality in terms of customer service and precious metals, so your final choice will boil down to details like this.

As long as you're careful to work with a reputable, well-established company, you shouldn't have any trouble navigating the process.

How is a precious metals IRA maintained?

When you purchase precious metals for an IRA, they are shipped from the dealer to the storage facility of your choice. Your custodian is then in charge of maintaining them, auditing them, and keeping ongoing reports of your vault's value. Different custodians have different pricing structures for these services.

All metals must be stored in an IRS-approved facility. Before a facility can receive IRS approval, it must conform to stringent security standards. Similarly, the custodian you use must also be licensed and approved by the IRS.

You'll typically pay an annual fee for your storage. This might be based on a percentage of your holdings or based on the amount of space occupied in your vault. For those with large amounts of assets, a flat fee is often less expensive. That way, you aren't penalized for accruing more precious metals over time.

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