If you have decided to invest in a Precious Metals IRA in 2021 (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 regarding the quality of their products, their selection, and their reputation for customer care. 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.
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. 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. 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, as well as our own proprietary ratings that we've authored ourselves. 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.
Goldco is definitely no stranger when it comes to Gold and Silver IRA investments. We like their team's transparency, their education materials and their free silver giveaway. Note however that they do not offer platinum and palladium.
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In a few short years, Gold Alliance has risen through the ranks of precious metals investment space, to become one of the most popular precious metals IRA companies. Gold Alliance also offers exclusive gold coins not found anywhere else.
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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:
The 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. For future social proof, I recommend seeing if each company has an active Twitter, Facebook, or Instagram and seeing if they have an active customer base that engages with their content. If they do, chances are they have a following for a reason. If they're inactive or generate suspicious-looking engagement (i.e., from bots or paid reviewers) then you should think twice before entrusting them with your money.
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 (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! We'll reiterate: Always seek out flat-free gold investment companies that won't scale up your fees as your account grows with 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. If you want to protect your wealth quickly, you can't let months pass before you can acquire the assets you need. The best gold investment companies or gold IRA companies typically have same-day or next-day account setup processes. After installation, reputable top gold selling companies generally let you fund your account within 3-5 business days, a which point you're free to instantly buy and sell gold bullion.
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 metals 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 stored by IRS-approved third-party custodians.
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. If you ever wanted to expand your horizons and invest in cryptocurrencies or, say, annuities, then it helps to find a provider that offers these assets as well.
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.
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.
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.
There's never been a better time to invest in a crypto or gold IRA or 401(k). With the stock market breaching unprecedented levels of volatility, risk-conscious investors would do well to protect their wealth with non-correlated assets. To get started, consider checking out our list of IRA-approved gold bullion, silver, or cryptocurrency eligible for IRA/401(k) inclusion.
Not only can precious metals and cryptocurrencies safeguard your wealth from market shocks, but they can also significantly increase your wealth, as we've seen with gold, Bitcoin, and Ethereum in recent years. In 2020 alone, gold saw an annual percentage change of +24.4%, whereas Bitcoin has an average annual growth rate of +95%. Be warned, however, that past results do not guarantee future performance.
Amid global instability, now is the time to protect your hard-earned wealth. Unsure about which alternative assets IRA company to choose? Let us match you based on your situation and objectives by taking this 1 minute quiz: