Top Gold IRA Companies & Custodian Reviews (2020) | Gold IRA Guide
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Gold IRA GuideTop Gold IRA Companies + Reviews (2020)

Top Gold IRA Companies + Reviews (2020)

disclosureimageIf you have decided to invest in a Precious Metals IRA in 2020 (or rollover a previous retirement vehicle such as a 401k or 403b to a Gold IRA), your next step is to decide which Precious Metals IRA company to work with. This is not a decision to take lightly, as some companies have a better track record than others. Some have even been accused of fraud! Also, it is important to know that some companies handle the entire process (including dealing with your IRA custodian and providing storage) while others simply sell the metals. Here is a comparison chart that will help you make an enlightened decision. We have extracted the most recent ratings of each company on authority review boards such as the BBB, BCA, TrustLink and others. Click on the “View Full Review” button next to each company to see a more detailed review. Don't forget to print out this page for future reference!

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. 

#1. Top Overall Company

  •  Highest Amount of Positive Reviews
  •  Largest List of Alternative Assets
  •  Offers strictly IRA-approved bullion
  •  First year's fees waived

Great customer reviews, virtually zero complaints, a competitive pricing structure and a great selection of IRA-approved precious metals and bullion coins are the reasons why Regal Assets earned the 1st spot in our Top Gold IRA firms list for 2020. Note that at the time of writing this review, Regal Assets is charging $0 for rollover/transfer fees, offers guaranteed shipping in under 7 days (fastest in the industry), and charges $0 storage and admin fees for the first year.

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#2. Top Gold IRA

  •  A+ BBB Rating
  •  Great Expertise in Gold IRA Investments

🕿 1-855-465-3472

@ goldco.com

Goldco is definitely no stranger when it comes to Gold and Silver IRA investments. We like their team's transparency, their education materials and dedication to making their clients feel at ease with their investment. If you are thinking of rolling over a retirement account to IRA-approved gold and silver coins, then Goldco should be on your call list! However, if you are looking a for more extensive selection of metal products, including platinum and palladium coins, or other alternative assets you'll need to look elsewhere. Goldco is a highly rated organization committed to the satisfaction and education of its would-be clients.

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#3. Top Fee Structure

  •  Competitive Fee Structure
  •  Experienced Founders
  •  Only Company offering Texas storage
  •  Owners, Charles & Collin, bring decades of experience in the precious metal space

Noble Gold provides its customers with a large selection of coins and bars in IRA-approved gold, silver, palladium, and platinum accounts. We spoke with the management team and appreciated their passion and honesty when it comes to helping investors diversify their portfolios. For most investors, their significant section of rare, collectible coins will not be appropriate (especially for people buying bullion precious metals in IRA's), but these will be of interest to coin collectors.

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#4. Top Support

  •  Professional Customer Support
  •  Easy Account Creation
  •  Great customer support and help for beginners

🕿 1-800-341-8584

@ advantagegoldira.com

Advantage Gold has a lot of positive reviews on sites like TrustLink and TrustPilot. This company is a great choice for those who are new to precious metal IRA investing. Advantage Gold's real strength lies in educating their customers. They offer a good selection of U.S. and Canadian mint IRA approved coins. The only downside is that they are relatively new to the industry.

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#5. Top Education

  •  Over Two Decades of Experience
  •  Great Bullion Selection

American Bullion is a household name when it comes to Precious Metal IRA rollovers. Based in Los Angeles, CA, this company specializes in IRA-grade coins and bars and also has an extensive selection of collectible and rare coins. We highly recommend that you give them a call or request their free kit to see if they might be a good partner for you!

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#6. Top for Numismatics

🕿 1-800-473-1213

@ lexicapital.com

Lexi Capital sells a wide range of coins, including numismatics, semi-numismatics and special editions. It emphasizes the difference between collecting and investing, which is a very important point for beginners. The focus of its founders is a solid attribute. Lexi Capital is a relatively new entrant into the precious metals IRA industry. Lexi Capital has news feeds with charts for gold, silver, platinum and palladium. The site is very basic without too many distracting features. There are bonuses for opening or converting an IRA. On the bottom of the page are testimonials from clients.

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#7. Top Storage

Cornerstone Bullion offers a variety of gold and silver bullion coins and bars, many of which are approved to be deposited into a precious metals IRA. Their bullion prices are constantly changing based on the live market vale of the precious metal at the time of sale. Some of their more popular coins that are IRA-approved include the American Gold Eagle, Canadian Gold Maple Leaf, and Austrian Gold Philharmonic. Cornerstone Bullion assists clients in setting up sand stocking precious metals IRAs through several leading custodians. In addition to letting their clients choose from one of several custodians, they also help clients choose an ideal approved depository, recommending three popular choices - Dakota Depository, Delaware Depository Service Company, and Idaho Armored Vaults.

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#8. Top Longevity

🕿 1-800-444-8317

@ monex.com

Monex is an established precious metals dealer specializing in gold, silver, platinum, and palladium bullion bars and coins, with an industry presence of more than 4 decades. It was founded back in 1987 by Louis Carabini – an investor who has been involved in precious metals since he founded his first company in 1967, the Pacific Coast Gold Exchange. Monex has stated that about 80% of its business comes from repeat clients, and that one quarter of their business is referred by existing customers.

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#9.

🕿 1-800-225-7531

@ golddealer.com

The company's online catalog consists of gold, silver, platinum, and palladium bullion bars and coins, as well as rhodium bars and various types of rare coins. In addition to their physical products, California Numismatic Investments also offers independent storage and a broad range of services, which can be found on their Services page. California Numismatic Investments encourages its clients to set up precious metals IRAs through one of the three IRA custodians they recommend – GoldStar Trust Company, Equity International (Sterling Trust), and New Direction IRA – the latter of which is their preferred custodian. Thus, the cost of purchasing IRA-eligible precious metals from them and storing them in an IRA will depend on the custodian you choose and the annual fees they charge.

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#10. Top Education

🕿 1-888-319-8166

@ goldsilver.com

Most of the precious metals companies in the top 10 of our list have a record that is impressive-to-flawless. However, in addition to a company's reputation you should also consider their prices, policies, and practices. One of the most important factors to consider is whether or not they charge a sliding scale fee for storage of precious metals in an IRA. Since most sites will offer very similar bullion prices, the real price factor IRA investors should compare is the annual cost of storing the purchased precious metals.

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Benefits of Having a 5-20% Gold & Silver Allocation in your IRA

 

An example of the famous Tony Robbins “All Seasons portfolio” which has an estimated 8% gold allocation.

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.
  • Hedge against inflation AND deflation. History has shown that gold not only responds positively during inflationary times but holds up against deflation as well.
  • 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.  There are a limited amount of gold mines, and less mines are being discovered each year.
  • 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.
  • Portfolio Diversification and Protection. As pointed out previously, gold has had a negative correlation to stocks, bonds and the dollar. Is your portfolio stock-heavy? All successful investors will tell you that when it comes to investing: you don't want to put all your eggs in the same basket.

 


 

5 Things to Look For When Choosing a Gold IRA Company

 

This comparison chart is meant to help you compare the ratings & reviews of the most popular Precious Metal IRA dealers. When choosing a company, we recommend looking at these four elements:

#1 Ratings, Ratings & Ratings!

bcabbbtrustlinkThe more positive reviews a company has from its existing client base, the better. Additionally, ratings from authority bureaus like the BBB (Better Business Bureau), BCA (Business Consumer Alliance) and Trustlink are paramount. Feedback from previous clients on websites like YP, Complaint Board and Yelp are also great indicators of the company's professionalism and service quality.

#2 IRA Fee Structure

Always choose a company with flat annual fees, as opposed to companies who have a scaled fee model that grows with the account size. This is especially true for medium and large investors (c.f. $50,000+) and those planning to grow their account size over time. Some of the companies we reviewed can charge thousands of dollars per year for large accounts!

#3 Efficiency & Delivery Time

Some clients reported that they waited up to 60 days for their accounts to be set up and their precious metals to be delivered. This is simply unacceptable in today's uncertain economic landscape.

#4 Pushy Salesmen or Unfriendly Customer Support

Some agents will try to push you to invest in collectibles and numismatic 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 practices. Collectibles are NOT recommended for investors, and they are not approved by the IRS for IRAs. When you contact a Precious Metal 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.

# 5 Other Alternative Investment Options Available?

Your new Gold IRA can accommodate additional alternative investments in the future since it is a self-directed IRA. Is the company you are working with able to offer additional alternative investment options such as cryptocurrencies or other potentially interesting investments that you could include in your portfolio? That is a question you should ask.

 


 

Top Gold IRA Summary

 


  •  Highest Amount of Positive Reviews
  •  Largest List of Alternative Assets
  •  Offers strictly IRA-approved bullion
  •  First year's fees waived

1-855-465-3472


  •  A+ BBB Rating
  •  Great Expertise in Gold IRA Investments


  •  Competitive Fee Structure
  •  Experienced Founders
  •  Owners, Charles & Collin, bring decades of experience in the precious metal space
  •  Only Company offering Texas storage

1-800-341-8584


  •  Professional Customer Support
  •  Easy Account Creation
  •  Great customer support and help for beginners


  •  Over Two Decades of Experience
  •  Great Bullion Selection

1-800-473-1213

1-800-444-8317

1-800-225-7531

1-888-319-8166

 


 

FAQ

 

What is a Gold IRA?

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.

How does a gold IRA work?

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.

What is IRA approved gold and silver?

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.

What is a Gold IRA Company?

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.

Are these Gold IRA Reviews Legit and Unbiased?

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.

What are the top Gold IRA scams I should watch out for?

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.

Should all companies offer Home Storage for my Gold IRA?

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.

Why do Gold IRA Companies offer free kits?

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.

How do I choose the best company to invest with?

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.

 


 

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