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Gold IRA companies are aggressive, aren't they? Given the uncertain economic landscape, these companies are smelling blood in the waters and are heavily marketing their services to IRA and 401k owners. As a consumer, your job is to do your due diligence and make a calculated decision. We highly recommend you contact 2-3 top gold IRA companies and make them fight for your business by lowering their fees.
Gold IRA Awards in 2022
Top 10 Gold IRA Companies
(Detailed Ranking Table)
#1. Top Company Overall - Best for Premium Bullion & Ratings
- Non-Commissioned Sales floor (Rare in the industry)
- Only gold IRA provider with in-house compliance department
- Best customer reviews across the board
- Harvard-educated Economist on staff
- Perks for High Net Worth customers
- High investment minimum ($50,000)
- High premium on exclusive coins
- No offerings in platinum or palladium
#2. Best for Beginners
- Perfect average rating of 5/5
- Low IRA account minimum of $2,000
- Collin Plume puts a lot of emphasis on education
- Exclusive IRS-approved storage in Texas
- "No-quibble" buyback policy
- Young brand (only 6 years old)
- Only "A" rating from the BBB
- Key founding partner left in 2020
- Higher premium on exclusive coins
#4. Gold Alliance
- Great ratings on BBB, TrustLink, and Trustpilot
- Partners with 3 IRA custodians: Equity Trust, Preferred Trust, & GoldStar Trust Companies
- Preferred vault facility is the world-renowned Delaware Depository
- Segregated or non-segregated storage options
- Higher premium on exclusive coins
- No offerings in platinum or palladium
- Newer in the industry
#5. Regal Assets
- 1,600+ five-star reviews on BirdEye
- Clear mission: they sell bullion only (easy to liquidate)
- 10+ year old brand
- Forbes Finance Council member
- All assets under the same hat (Regal IRA™)
- Low minimum ($5,000-10,000)
- No additional fees when selling back
- Non-transparent about the management team
- Not rated by the BBB
#6. Advantage Gold
- Great ratings on TrustLink & Trustpilot
- The company is a U.S. Mint listed dealer
- They claim to have fast delivery times (to be verified)
- Website doesn't provide pricing information for coins
- Higher premium on exclusive coins
#7. American Bullion
- Longevity in the industry
- Substantial educational resources section
- Provides secure storage with Delaware Depository
- Segregated or non-segregated storage options
- Some negative reviews and complaints
- Higher premium on exclusive coins
- No offerings in platinum or palladium
- Excellent scores from 1000+ verified reviews
- Highly-rated customer service
- Flat annual fee structure without any surprises
- Competitive $80 annual fee
- Worthwhile promotions on offer
- Segregated and non-segregated storage options
- Minimum investment of $25,000
- Higher premium on exclusive coins
- No offerings in platinum or palladium
#9. Birch Gold
#10. Rosland Capital
Looking for a gold IRA company that isn't here? » See Full Ranking Table of the best gold IRA companies in the business.
3 Questions You Need to Answer Before Calling a Gold IRA Company
1 – What Percentage of your Portfolio Do You Want to Allocate to Precious Metals?
If you let salesmen make that decision for you, you'll end up investing 100% of savings, and your first-born, into precious metals! Do your due diligence and speak to your financial advisor to determine what allocation you want to go with based on your objectives and concerns regarding the precious metals asset class as a whole. Ideally, seek out the advice of an advisor with firsthand experience dealing with precious metals investments.
Gold and silver are generally used as a hedge, or an insurance policy, in case all other dollar-bound investments like stocks and real estate go south. In general, diversifying across a broad array of asset classes is a good idea for an IRA account as it allows your retirement funds to accrue value over a long horizon while being able to sustain periods of economic decline.
2 – Bullion Coins OR Premium/Rare Coins?
|Bullion||Proof & Uncirculated coins||Collectibles/Numismatics|
|Highest Purity Level?||Yes||Yes||No|
|Limited Edition and/or Scarcity Factor?||No||Yes||Yes|
|High Finishing Quality & Detail?*||No||Yes||Some|
|Easy to Sell/Liquidate Anywhere||Yes||No||No|
|Premium Over Spot When Buying?||Low||Medium||High|
|What you can expect to sell them for?||Close to spot price. Usually no or little premium.||Spot price + premium based on rarity/age/demand for your coins||Spot price (if they contain some precious metals) + premium based on rarity/age/demand and other factors|
|Where can you sell them?||Anywhere, since these bullion coins are recognized and trusted worldwide. However they'll probably only give you spot price.||Anywhere, but original dealer would likely be the best place if you want to recoup premium. Others might only give you spot price. Ebay is also a good option if you have rare and highly sought after coins.||Antique stores, coin shops, collectors' markets, eBay.|
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Higher Quality & Detail?* Bullion coins are struck once. Proof coins are struck twice, giving them more luster, detail and shine. Visually and texturally, proof coins look better as they are meant to attract investors and collectors alike.
The IRS allows only bullion and a limited amount of proof coins to be included within a gold IRA. The question you need to ask yourself is “do you care about the QUALITY and RARITY of the products you're buying?” If the answer is no, then go for the common (non-proof) bullion coins like Amerian Eagles or Canadian Maple Leafs in your IRA account. Gold bars are also a good option.
These products command lower premiums over spot, but aren't rare or scarce since they are the same products being sold everywhere by all dealers. When it's time to sell, you can sell them anywhere to any dealer but can expect to get a price close to the spot price.
No premium can be added to these since they aren't rare and the exact same coins are being sold every year. If the answer is yes, and you don't mind paying higher premiums for such coins because you hope you can sell them for higher premiums in the future due to their scarcity, then go for proof/rare coins, but be careful as only certain proof coins are allowed within a gold IRA account (e.g. American Eagle Proofs). Most proof coins aren't eligible for a precious metals IRA.
Selling proof coins is a bit more difficult than bullion. Unless you want to settle for a price close to spot, it's much easier to sell them to the same company you bought them from if you want to get the best prices. So, make sure their buyback program makes sense to you.
3 – Am I Opening a Gold IRA for the Right Reasons?
Once again, if you rely on the salesman of the company you're calling, they'll convince you that everyone and their grandmother needs to open a gold IRA account. After all, their commission depends on it! In reality, precious metals aren't for everyone. As with all major financial decisions, it's always a good idea to first speak to your financial advisor to see if gold IRAs are the right call for you.
You need to ask yourself why you want to own gold or other precious metals. Is it for the right reasons (e.g. portfolio diversification, wealth preservation over the long term) or is it for the wrong ones (e.g. getting rich overnight, conspiracy theories, etc.). Don't let the decision to add precious metals to your IRA account be an emotional decision. It should be a rational one based on your financial outlook and goals.
Dispel of any false belief about getting rich quick or having a store of value if the U.S. dollar suddenly collapses and is rendered worthless at the drop of a dime. These are not credible reasons why you should invest in precious metals. Rather, the decision to diversify your IRA with precious metals should be borne out a desire to manage risk and protect your savings over multiple decades.
4 – Am I Looking for Short or Long-Term Growth?
Investors looking for short-term investments (i.e., <5 years before cashing out) are likely not well-suited for precious metals investments. Rather, precious metals like gold, silver, platinum, and palladium are typically added to portfolios with notably long time horizons (i.e., 10 years or more) or for those who are nearing retirement age.
While gold and other precious metals are indeed useful hedges against broader market volatility and economic decline, they are also considerable growth assets. In fact, recent reports indicate that the precious metals catalyzer industry, of which 70 U.S.-based companies are a part, is estimated to grow to $22.6 billion in value by 2027. As demand for precious metals continues to increase from developing economies such as China, India, and Brazil, we should expect to see the value of precious metals increase in step.
5 – When Am I Retiring, and What Will My Retirement Income Look Like?
Generally speaking, the closer you are to your retirement, the better gold investments look on paper. Because gold, silver, and other precious metal assets tend to move in the opposite direction of paper assets like stocks and ETFs, precious metals are safe hedges against market instability. They essentially act as a bulwark against the ups and downs of the stock market. Therefore, older investors have historically favored them, just as they have bonds and Treasury bills.
The type of IRA account you select (Roth or Traditional) will depend on what kind of retirement you intend to have. While this guide is a helpful resource to choosing your IRA subtype, a rule of thumb is that you should consider a Roth IRA if your income tax bracket at the point of withdrawal will be higher than what it is now. Roth IRAs consist of after-tax funds, so choosing a Roth IRA if you expect to pay more taxes in the future usually makes sound financial sense.
8 Things to Look For in a Gold IRA Company
You'll likely contact at least two or three different companies before making an investment decision. Simply sending an email or getting on the phone with a few precious metals IRA vendors and inquiring about their rates can go a long way toward getting the best deal. Once you've contacted them, let them know that you're actively shopping around for the best deal available—this might be enough to convince them to lower their fees or otherwise sweeten the deal.
However, your first step is to choose a precious metals IRA company to contact. When choosing between the best gold IRA companies, we recommend looking for these following elements:
#1 Ratings, Ratings & Ratings!
The more positive reviews a company has from its existing client base, the better. Additionally, ratings from authority bureaus are paramount, especially those like the BBB (Better Business Bureau), BCA (Business Consumer Alliance), BirdEye (a review aggregator), and Trustlink.
Feedback from previous clients on websites like YP. Complaint Board and Yelp are also great indicators of the company's professionalism and service level. Reputable gold IRA providers will have near-flawless reviews across these ratings sites.
You want a company that cares about you and your investment without feeling pushy and without using fearmongering. This is about diversification and protecting your retirement. Do your due diligence. Speak to your financial advisor, and most importantly don't fall for hungry salesmen who want to push precious metals investments on you at any cost.
#2 Premiums You're Paying for the Coins
Again, some people are strictly interested in bullion for its high purity, others like proof coins (also called premium or rare coins) for their rarity and superior craftsmanship (see comparison table below). With bullion, you get the common well-known coins like the American Eagle or Canadian Maple leaf and other gold and silver coins which are recognized everywhere, and you are generally paying lower premiums over the spot price of gold.
Premium proof gold and silver coins, while definitely more attractive visually, command much higher premiums, mainly due to their rarity (they are limited editions) and superior craftsmanship (they are struck twice and with a higher level of detail). Depending on which gold IRA company you are calling, they will most likely try to sway you one way or another, yet the best gold IRA companies usually aren't too pushy.
Don't be pressured by their sales teams. You and only you should decide on what type of coins to add to your gold IRA.
#3 Company's Longevity
In this industry, new gold IRA providers constantly come and go. One of the main reasons it's important to consider longevity before investing in a gold IRA, in our opinion, is because of the buyback program. When you're interested in liquidating, it's much easier to sell your coins/bars back to the same company you bought them from. You'll generally get better prices than going to other dealers. This is especially important for those buying proof coins and limited edition coins for their gold IRA account.
Many of the best gold IRA companies have exclusive precious metals coin deals with national mints like the US Mint or Royal Canadian Mint, meaning that they get exclusive rights to sell specific proof silver or gold coins (that includes setting the price). If you buy those precious metals coins and want to sell them back a few years later, you'll likely have to sell them back to the same company. The good news is that a reputable gold IRA company will buy the investment back at nearly the full price you bought it at.
If the company doesn't exist anymore, you'll have to go to other precious metals dealers or post them on eBay or pawn them off. As you can imagine, this involves a lot more work and it can take you a lot longer to find buyers that want to give you a decent price for them.
#4 Fee Structure: Gold IRAs
Always choose a company with flat annual fees, as opposed to companies that have a scaled fee model that grows with the account size. This is especially true for medium and large investors (e.g., $50,000+) and those planning to grow their precious metals account size over time. If your fees go up significantly with your account value, your gains are going to be eroded. This is why we caution against the scaled fee model when searching for a gold IRA account or custodian.
Some of the companies we reviewed can charge thousands of dollars per year for large gold IRA accounts. Avoid this if you can. We'll reiterate: always seek out flat-fee gold IRA investment companies that won't scale up your fees as your account grows with time. Otherwise, you might find yourself in a situation where you owe many thousands of dollars in fees per year just for the privilege of having the gold IRA company store your metals. Instead, get a flat rate quote and stick to it.
#5 Efficiency & Delivery Time
Some clients reported that they waited up to 90 days for their gold IRA accounts to be set up and their physical gold and other precious metals to be delivered. This is simply unacceptable in today's uncertain economic landscape. If you want to protect your wealth today, you can't let months pass before you can acquire the gold you paid for.
While silver and gold investments take time to materialize, the best gold investment companies or best gold IRA companies typically have same-day or next-day account setup processes. After the setup is complete, they generally let you fund your account within 3-7 business days, at which point you're free to buy and sell gold and other metals in your gold IRA at your leisure.
Executing a gold IRA rollover is perhaps the best way to fund your gold IRA account quickly. Simply put, a gold IRA rollover involves the transfer of existing funds from an IRA (either Roth or Traditional), or a 401(k), into a new gold IRA account. Usually, the gold IRA rollover process is handled by the representatives of a gold IRA company, with little involvement necessary on your end.
#6 Pushy Salesmen or Unfriendly Customer Support
Some agents will try to push you to invest in collectibles and numismatic precious metal coins simply because these will yield much high profits for them. This is a major red flag and we strongly recommend that you stay away from companies with such nefarious practices. Collectibles are NOT recommended for investors, and they are not approved by the IRS for gold IRAs nor any other precious metals IRA account.
When you contact a precious metals or gold IRA company, ask them as many questions as you can to see how knowledgeable and helpful they are. If you feel rushed or pushed into collectibles, move on to the next one. The only gold or silver eligible for IRA inclusion is physical bullion, and certain proof coins made by the US Mint. Any other asset type is unqualified for a precious metals IRA and, if their inclusion in an IRA is caught by the IRS, will result in significant penalties and fines that can evaporate your gains.
#7 Transparent Management Team & Staff
Always seek out a service provider that is fully transparent about their management team and founders. You don't want to go with a company that's shrouded in secrecy and not open about the location of its headquarters or who its team consists of. As a rule, if the founder is not named on the company's website, move along and find another service provider that isn't afraid to show their face.
Trust is everything in the alternative investment space. Without mutual trust, a financial partnership is never going to work. After all, if anything goes wrong or the company goes defunct while you have potentially thousands of dollars in assets invested with them, you're going to want to know the names of the team members to pursue legal action.
A good place to start when it comes to researching a company's management team is LinkedIn and Crunchbase. If you can find the company's details listed on these sites, as well as the names of verified employees and team members, then that should serve as a major confidence boost.
#8 Other Alternative Investment Options Available?
Your new gold IRA is a self-directed IRA and therefore can accommodate additional alternative investments in the future if needed. Is the company you are working with able to offer additional alternative investment options, such as cryptocurrencies or real estate? If you ever wanted to expand your horizons and invest in more alternative assets, it helps to find a provider that can accommodate that.
You can read third-party gold IRA reviews for a closer look at which companies you should trust in the gold investment space with your gold IRA. There you wil find out full reviews of some of the top-rated providers in the gold IRA investing space, such as August Precious Metals and Noble Gold Investments, both of which are revered in the precious metals market. Alternatively, you could open a precious metals 401(k), SEP IRA, Keogh Plan, or a host of other self-directed retirement accounts that offer unique tax advantages.
Inquire with your employer to see if you're eligible for an employer-sponsored retirement account. If so, rolling over your existing employer-sponsored account (e.g., 401k) into a new gold or silver IRA could put you in a better financial position for your retirement. Speak to your financial advisor to see if this is the right move for you.
Best Gold IRA Companies Summary
We recommend that you contact a few companies before making a decision. Compare their service, products, and fees using our best gold IRA companies review, as well as your own homework into each company reviewed—don't merely take our word for it. Also, speak to your financial advisor before making any investment decisions and never invest money that you cannot afford to lose.
Gold IRA Reviews: Frequently Asked Questions (FAQs)
A Gold IRA, or a Precious Metals IRA, is essentially a self-directed IRA used to invest in physical metals. Only certain custodians offer such as investment product. You will not find it at Vanguard, Charles Schwab or any other standard financial/brokerage firm, as those tend to specialize in paper investment like stocks, bonds, and ETFs. It is also worth noting that not all physical metals are eligible to be held in a Gold IRA. Only high purity bullion products like the American Eagle, American Buffalo, and the Canadian Maple Leaf products are IRS-approved to be held in a Gold IRA. Beware of a company that tries to convince you to invest in numismatic or collectibles.
A Gold IRA, or a Precious Metals IRA, is a complex bureaucratic endeavor that involves a custodian, a dealer, and a depository. The IRS is very strict when it comes to opening a Gold IRA or rolling over a previous 401(k) or IRA into a Precious Metals IRA. This means that any mistake in the process can end up costing you thousands of dollars in penalties and tax implications. This is why it is paramount to choose a company that has a stellar track record in opening Gold IRAs.
You may be thinking of adding gold to your investment portfolio for a number of reasons such hedging against inflation, deflation, or general economic uncertainty. The benefits of investing in gold as well-established. However, holding gold specifically within a self-directed gold IRA allows you to invest in a tax-enhanced environment. With a traditional IRA, you can deduct your contributions and your investments grow tax-free.
Investing in gold through specialized gold IRA companies means that you will be dealing with experts in both retirement investing and gold investing. Investing in physical precious metals has many caveats that only a specialized company can take the best care of. You want a gold IRA company that can handle all aspects of the investment process, from regulatory compliance to choosing the coins or bars, understanding rollover procedures, securing storage, and transportation.
As always, it is important to remember that physical gold pays no dividends nor interest. Also, please speak to a financial professional before making any asset allocation decision. The first step in learning how to invest in gold is discovering the myriad reasons why gold investing can benefit your financial situation. The primary reasons you want to own physical gold (not paper gold) as part of an IRA are:
Hedge against the declining dollar and money printing policies
Again, history has shown that any decline in the value of the dollar correlates with a rise in the price of gold. While all other assets tend to follow the health of the dollar, gold gives your portfolio additional protection in case the dollar goes south.
Safe haven in times of geopolitical, economical, and financial turmoil
Gold is often called the “crisis commodity” because people worldwide flee to its relative safety when world tensions rise. While governments and central banks respond to crises by printing more money, gold cannot be produced and the limited supplies make it a hot commodity during those times.
A strong case in point is the global financial crisis, which saw the price of gold rise +27.4% between October 9, 2007, and March 6, 2009. While during the same time the S&P 500 fell by -54%. Similarly, the Dot Com Crash saw gold prices rise +18% (October 2, 2000 to October 2, 2002) and the Iraq-Kuwait war coincided with a +11.1% gain in gold prices between August 1 and August 14, 1990.
Hedge against inflation AND deflation
History has shown that gold not only responds positively to inflation but holds up against deflation as well. During inflationary periods, the price of gold tends to exhibit upward price movement, although there's no direct correlation between the rate of currency inflation and gold prices.
Essentially, when investors notice that the value of their currency is experiencing volatility, they look to sound money, such as physical gold. Gold is a tested way to store wealth as a risk-mitigating measure.
Supply and demand fundamentals
Gold is not just a beautiful shiny metal, it has real-life commercial uses in various industries such as electronics, architecture, high technology, medicine, and more. In particular, gold is used widely in the production of consumer electronics, an ever-growing industry in our modern times. According to Geology.com, 37% of gold, excluding bullion, is used for electronics in America.
In fact, about $21 billion worth of gold is used every year in commercial electronics like smartphones and tablets. Since there are a limited amount of gold mines, and fewer mines are being discovered each year, this bodes well for those bullish on the price of gold in the long run.
Store of Value
As mentioned initially, you don’t necessarily get rich by owning gold. That is not the point of investing in physical metals. However, unlike stocks and bonds, the value of gold can never be zero as there is inherent material value in the substance itself for manufacturing and industrial usage. At no point in its millennia-long history has the price of gold gone to zero.
Portfolio Diversification and Protection
As pointed out previously, at various points in its history gold has had a negative correlation to stocks, bonds, and the dollar. Is your portfolio stock-heavy? Most successful investors will tell you that when it comes to investing: you don't want to put all your eggs in the same basket. Investing in gold and other precious metals such as silver, palladium, platinum, and rhodium offers deep diversification that can protect your wealth during market crashes.
Only certain bullion coin and bars are approved by the IRS for investment within an IRA. This has to do with purity level and issuing mint. The American eagles, Canadian maple leafs, Austrian Philharmonic are examples of bullion coins of high purity levels that are issued by recognized governments. Collectible coins and numismatics are NOT approved for IRA investments. Be careful when you shop around for Gold IRA companies because many of them are known to push collectibles and numismatics to their clients to raise their profit margins. A reputable and trustworthy IRA company should only recommend bullion coins that are IRA approved.
A Gold IRA Company or Custodian is a company that specializes in setting up Gold IRAs from beginning to end, including account setup, IRA rollover/transfer, purchase of qualified metals, and storing them with an accredited depository. A Gold IRA Company should be able to handle the entire process for you and answer any question you may have at any step of the process. Gold IRA Companies tend to form strategic alliances with traditional IRA custodians, accredited depositories, and wholesale metal dealers. Example: Regal Assets partners with New Direction IRA, Dillon Gage and Brinks Worldwide for the Precious Metals IRA setup. They also partner up with Lloyds of London for insurance and have other partners for their other alternative investments.
These reviews are totally legit and unbiased since we are simply extracting reviews from external review bureaus like the BBB, TrustLink, the BCA and others. We are an independent Gold IRA magazine with a mission to provide you with all your options. However, as we disclosed on other pages, we DO get compensated when you fill out forms or click on certain links on this page. This doesn't affect the quality of the reviews since we are rating these Gold IRA companies based on what their own customers are saying about them, and based on their fees and other important criteria. We encourage you to do your due diligence and contact several companies before making an investment decision. Also, speak to your financial advisor and ask for their advice.
The #1 scam in this industry is companies trying to sell you numismatics and unqualified gold coins in your IRA. Why? Because these coins yield much higher profits for them. 30%-50%+ profit margins on numismatic coins are very attractive margins for some brokers. Buying such coins can end up costing you thousands in penalties as they are NOT eligible to be held in IRAs.
Unfortunately, not all precious metals IRA companies follow industry standards regarding transparency and ethics. Some have even been accused of fraud, something which is unfortunately not unheard of in the precious metals industry. That's why it's imperative that you do your homework and research the most trusted, IRS-approved precious metals vendors for your retirement savings accounts.
If you want a lower-risk experience, I recommend choosing a top-rated gold IRA company that handles the process from end to end. This way, you can rest assured that your holdings are compliant with IRS regulations. Note: we strongly recommend that do your due diligence and call a few different companies before making an investment decision. Also, speak to your financial advisor before investing in any asset class.
Home storage is a GREY AREA. Proceed with extreme caution if you plan to take this route. Regal Assets does NOT offer this option as they don't want to put their clients at risk, but other companies we reviewed on this page do. If you decide to choose home storage for your Gold IRA, make sure you ask the company all the details and legalities involved in such a decision. We recommend a safe depository, either in the US or offshore, as it's generally safer. Choose offshore storage such as Cayman Islands, Canada or Singapore if you want your gold out of the US government's reach (multiple companies offer offshore storage). However, home storage is NOT a recommended option here at Gold IRA Guide. It can put you in big legal trouble with the IRS if they find out, and there's also the risk of theft and loss. Depositories are insured against all these risks.
It's marketing 101. All businesses in the world want to lure you in by giving you a freebie. Just like in any industry, companies want to get your contact information so they can have you in their database and be able to contact you. This space is no different than any other industry. However, requesting a Gold IRA kit from a company is something you should do before investing any sum of money with them or doing any rollover. The kits are usually 100% free and no obligation, so you don't risk much. Sure, they can email you and call you but you can opt-out of emails and tell their brokers to stop calling you after the first phone call if you aren't interested. They won't be able to pester you after that.
It depends on many factors. What do you care about most? Ratings? Storage options? Availability of other alternative investment options? Physical location? Customer support? Once you decide which factors matter the most to you, make a shortlist of a few companies that meet your criteria, and either give them a call, or request their free gold kits to learn more about their company and products.
Amid global economic and geopolitical instability, now is the time to consider diversifying your IRA or 401k with precious metals, the only asset class to have consistently performed well in times of crisis. As always, we recommend that you do your due diligence and speak to your financial advisor before making any investment decision.
Unsure about which gold IRA company to choose? Let us match you based on your situation and objectives by taking this 1-minute quiz: