If you have decided to invest in a Precious Metals IRA in 2021 (or rollover a previous retirement vehicle such as a 401k, SEP, TSP or 403b to a Gold IRA), your next step is to decide which company to work with. This is not a decision to take lightly, as some companies have a better track record than others, while many newer companies have no track record at all which is even worse. 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.
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 our Top Overall Award in 2021. (Read Full Review)
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. (Read Full Review)
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. (Read Full Review)
Charles and Colin, two veterans in the Gold IRA space launched Noble Gold Investments five years ago. The company prides itself in offering competitive prices, which is why they earned our Top Fee Structure award in 2021. (Read Full Review)
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 as they offer great support and education. (Read Full Review)
American Bullion is a household name when it comes to Gold 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. (Read Full Review)
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.
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, but some are only for collectors and not IRA eligible.
Monex is one of the oldest precious metals dealers in the industry specializing. They have been offering gold and silver IRA investments to their clients as well. The company has been founded by Louis Carabini back in 1987.
Augusta prides itself for having high profile clients like Joe Montana, Hall of Fame Quarterback. We like their team's transparency. Isaac Nuriani, their CEO, is a highly educated and experienced professional and is member of Ethics.net
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.
As always, please speak to your financial advisor before making any asset allocation decision. You want to aim for a well-diversified portfolio and an expert can help you achieve that. 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!
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.
#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
We recommend that you contact a few companies before making a decision. Compare their service, products and fees. Also, speak to your financial advisor before making any investment decision.