Gold IRA Company Reviews & Comparison
Saturday, June 10th 2023
A gold IRA is a type of individual retirement account that is funded with physical gold and other precious metals in the form of bullion, coins, or bars. As you might know, gold is quite valuable so you will want to ensure that you select the right gold IRA company. There are a lot of different aspects to look for when selecting a trustworthy gold IRA company. Doing your research to verify a company meets all of these aspects will pay of greatly.
On this page, we offer a checklist to help you find the company right for you. However, we can sum it up for you right away, if you want to call our #1 recommended company, American Hartford Gold. Just click here.
When you look at any gold IRA company, you should consider the following six aspects:
► All legitimate gold IRA companies will have a free information booklet that can be downloaded from their website or requested from an agent (to get specifics for your needs). A good gold IRA provider will have a complete booklet that covers almost any question that you may have and includes thorough information on the company.
► Prior customer satisfaction is crucial for any company that you do business with. Using a website like Facebook or Google is an okay start to getting information on a company but you will also want to read verifiable reviews. Turn to websites like Google My Business and Trust Link to find verifiable reviews of gold IRA companies from trusted parties.
► Verify that any business that you shop with is a recognized and listed dealer with the United States Mint (1). Also check that they are authorized by Professional Coin Grading Services (PCGS) and Numismatic Guaranty Corporation (2) for a further quality guarantee.
► Check with industry watchdogs like the American Numismatic Association (ANA) and the Industry Council of Tangible Assets (ICTA) to ensure that the company is both a member and not in bad standing.
► Does any company you consider have good standing with general business watchdog and mediation websites/agencies such as the Better Business Bureau or Business Consumer Alliance? These websites offer ratings on businesses based on reviews and complaints.
► When it comes to the company itself, you will want to learn as much as possible about the company. A reputable gold IRA company will have been in business for a good number of years. Over those years they should have built up a network of industry services such as custodians and depositories. You shouldn’t have to go anywhere besides your gold IRA company to purchase your gold, open a tax-free account, roll over an existing retirement account (i.e. IRA, 401K, 403B, or similar account) and arrange both shipping and custodianship.
Top 10 Gold IRA Companies (June 2023 Update!)
|COMPANY||BBB RATING||TRUSTLINK||MIN. INVESTMENT||PRICING||MORE INFO|
|American Hartford Gold||A+||5 Star Rating||$5,000||Best - Price Match Guarantee||Review of American Hartford Gold|
|Augusta Precious Metals||A+||5 Star Rating||$50,000||Great - Up to 10 years fee-free!||Review of Augusta Precious Metals|
|Goldco||A+||5 Star Rating||$25,000||Great - $10K in Free Silver*||Review of Goldco|
|Advantage Gold||A+||5 Star Rating||$5,000||Great *First-time buyer discount!||Review of Advantage Gold|
|Birch Gold Group||A+||5 Star Rating||$25,000||Great - 10K Free Silver*||Review of Birch Gold Group|
|Noble Gold||A+||5 Star Rating||$5,000||Good||Review of Noble Gold|
|Rosland Capital||A+||5 Star Rating||N/A||Average||Review of Rosland Capital|
|Lear Capital||A+||4,5 Star Rating||$5,000||Below Average||Review of Lear Capital|
|Patriot Gold Group||A+||4,5 Star Rating||N/A||Average||Review of Patriot Gold Group|
|Oxford Gold Group||A+||N/A||$7,500||Average||Review of Oxford Gold Group|
Creating Your Gold IRA (New Gold IRA Vs Gold IRA Rollover)
There are two different ways of starting a gold IRA. The first method is to set up a gold IRA is to create a new account and fund it with money from your income sources. Investors under the age of 50 can contribute to a maximum of $5,500 a year while those older than 50 can contribute to $6,500 a year.
Your second option is to take an existing retirement account and roll it over into a gold individual retirement account. Only certain retirement accounts are eligible for gold IRA rollover, here is a list of eligible rollover accounts: 401K, 403B, 457B, traditional IRAs, SEP IRAs, simple IRAs, Thrift Savings Plans (3), and Roth IRAs. A few other less common differed tax retirement accounts may be eligible and a good gold IRA company will help you to verify the eligibility of your current retirement account, should you want to perform a rollover.
Why Choose A Gold based IRA As An Investment
Four major reasons exist for choosing a gold IRA. One of the biggest reasons to invest in precious metal IRAs like gold IRAs is that they have a long history of long-term appreciation. Even when the rest of the economic world isn’t doing well. Since the beginning of time gold and other precious metals have always been recognized as valuable and accepted as currency. Other fiat style currencies have become worthless over time. Precious metals are a great way to safeguard against a downturn in the economy or loss in other investments. When other investments lower in value gold has a trend of rising even higher in value.
The last benefit you will see is differed taxes for
investing into your gold IRA. You won’t have to worry about some of your income
going toward the government while you build up a large amount of capital.
Again, even when the economy isn’t performing well.
Using Gold To Supplement or Back Your Portfolio
You should never have all of your investments in one place, even if it is a relatively “safe” investment platform. A gold IRA is a great way to diversify because it is so different from other forms of retirement accounts. Despite gold IRAs being an amazing investment option, most experts say that you should only invest between 5 and 15%, depending on your existing portfolio. Splitting investment platforms to help hedge against future changes.
Speed and Convenience of Setup is a Trait of a Good Gold IRA Company
Finding a gold IRA company that can take care of everything for you in a quick manner is essential. To figure out about the speed and efficiency of a gold IRA, look to see if they have a network of services in place. Another common way that gold IRA companies speed up the process is to use digital or only forms. It is much easier to use a computer to fill out gold IRA applications and helps to make sure they are error free and readable.
The Difference Between Physical Gold and Paper Gold
A gold IRA account is an investment in physical gold, you just don’t get to store the gold yourself. If you go to a brokerage firm, they don’t offer gold IRAs. Instead, they will try to convince you to purchase Exchange Trade Funds (ETFs). A broker will try to convince you that ETFs have similar or better returns and are better because you do not need a custodian, broker, or storage facility. In reality, an ETF is just paper gold, you are not investing in real gold. And you are only investing in a portion of an asset with an ETF, similar to investing in a stock.
Numerous factors affect the market, and these have a much
larger negative affect on Exchange Trade Funds. The biggest reason people
invest in precious metal individual retirement accounts is to protect
themselves from negative trends in the economic world while still having an
investment that will make money in any situation.
Products Available From Gold IRA Companies
Choosing a gold IRA company that offers a complete range of approved precious metal products is key. Precious metal IRAs only allow you to use specific gold, silver, palladium, and platinum bars and rounds. All legitimate companies will be able to help you choosing the best gold coins, bars and bullion with the right Karat for your investment needs.
Create a Checklist for your Gold IRA Comparison
Creating a checklist for your gold IRA provider search is the best way to track your findings. Make a list and print copies so you can use it for comparison of all companies. As a summary, you are looking for an experienced gold IRA company that provides quality service, fast. They should have great customer reviews, be registered and in good standing with watchdog organizations, and be recognized at a minimum by the U.S. Mint.
Don’t forget to check third party reviews websites for
reviews. Trusted review sites like the Better Business Bureau can provide you
with a lot of information, including how a company handles complaints.
Why American Hartford Gold is the Best 👑 of all gold IRA companies?
Of the many decisions one can take to have a sound financial future, one of the most important and dependable happens to be the choice to invest in Gold IRAs. While there are many factors that will help you make all the right calls when it comes to investing in gold and other precious metals, perhaps the most influential role is played by the company you choose to set up your gold IRA with.
There is no lack of Precious Metal IRA companies out there but only a few have your interests in mind. American Hartford Gold happens to be the best of the best 🥇 at this and here are the reasons that make it such a great choice…
► Long track record of success
A company’s success is measured by the value it offers its clients. American Hartford Gold operates on a customer-first philosophy and has received many positive reviews on platforms such as Trustpilot. Great customer services and continuous service improvement are some of their key differentiators.
► Unbeatable prices
American Hartford Gold offers the best prices in the USA to help customers grow their investments faster and get the most value from precious metals. In fact, right now in June 2023 you can take advantage of their “Price Match Guarantee”, customers get up to 30 % in cost savings. Call American Hartford Gold now before the end of June 2023 on 866-250-5090 to take advantage of this exciting offer or read more about it here.
► Buyback commitment
Gold has always been considered a safe haven against calamities, inflation, and other challenges. But what do you with the gold when it’s time to cash out? You find the best company to buy these precious metals at the best price. American Hartford Gold has been helping investors liquidate their gold and silver for many years. They can buy your precious metals back at any time – and on short notice – without charging you any fees.
► Free and easy IRA rollover
More and more investors start to see the benefits of rolling over their existing IRA into a precious metal backed IRA. Nonetheless, many investors shy from taking the plunge because of the lengthy and complicated steps involved in the rollover. Some of the fears include extra payments and penalties. American Hartford Gold simplifies the rollover process and saves you from these risks – without charging you a cent.
► Free storage and insurance
After buying gold for your retirement account, the biggest challenge for many customers is safe storage and insurance for those precious metals. With American Hartford Gold, all investors get free storage, maintenance, and insurance for their precious metals for up to three years.
► Free shipping
Buying gold and other precious metals is just the first step in the journey to a comfortable retirement. Commonly logistics pose a challenge to investors, but American Hartford Gold takes this problem off your hands once again. Unlike most of the competition, they provide free shipping for all your precious metals, complete with comprehensive registration and insurance at no extra cost to you.
► Invest in your knowledge
With the right knowledge and support, investing in gold for retirement can be a simple and profitable undertaking. American Hartford Gold invests in educating its customers. The company website has a wealth of information and free resources for both beginners and experienced gold investors. You can learn everything essential for successful gold IRA investments, from the account rollover process to eligible precious metals and storage solutions.
► Keeping you in control
American Hartford Gold empowers you to make better decisions. They have a weekly blog that keeps you updated on market data with live charts, market comparisons, and regular reports to help you make the right decisions. The RMD Estimator on the site is accessible and easy to use –it can help you calculate safe withdrawal limits.
To sum it up
When uncertainty rocks the world, you need historically safe assets. Gold and other precious metals are the answer. American Hartford Gold can help you stabilize and grow your retirement account, leveraging deep expertise and industry know-how. In June 2023 they are undoubtedly the best Gold IRA Company in America.
Phone number: 866-250-5090
Click the image below to request the free investment kit from American Hartford Gold
Gold IRA FAQ
What Is A Gold IRA Account?
Part of the Taxpayer Relief Act of 1997 introduced gold
individual retirement accounts. The relief act recognized the fact that gold
and other precious metals are a long-standing universal currency and thus
created a retirement plan based around precious metals. After all, the words for
silver and money are the same in 14 different languages.
Another thing that helped influence the decision was the
fact that gold has shown during historical periods of economic uncertainty that
precious metals move in the opposite direction. It can offset losses for
American citizens to help prepare them for a downturn. Even if the market is in
a positive trend, gold gradually gains value over time.
One of the first things that armies go for after defeating a
country in battle is their gold and silver supply. These are valuables that
will continue to be worth something after the fall of a country. After they
defeat their country, the fiat currency is worthless just like many other types
of investments the country once had.
Besides fineness requirements, gold, silver, and other
precious metals that are eligible for precious metal IRAs must be produced by a
NYMEX or COMEX-approved refinery in the form of a bar or round.
A precious metal IRA has the same reporting and distribution
requirements as a traditional IRA. The main difference, besides the investment
asset, is the fact that the gold must be stored by a trustee or custodian that
is approved. Examples of approved precious metal IRA custodians include banks,
federally insured credit unions, savings and loan associations, or an entity
specifically approved by the Internal Revenue Service for such job.
You can start any IRA from scratch. Alternatively, you can
rollover an existing retirement account into your gold IRA. Here are a few
examples of retirement accounts that are eligible for rollover:
- Deferred Compensation Plan
- Non-Prototype IRA
- Pension Plan
- Roth IRA
- Thrift Savings Plan
- TIAA CREF
- Traditional IRA
- SEP IRA
- Simple IRA
- Beneficiary IRA
What is IRA Approved Gold?
We already mentioned that gold must be in the form of bars and rounds and produced by a NYMEX or COMEX-approved refinery. There are other rules and requirements too. A fineness requirement applies, as does a requirement for the gold to be in the form of specific bars or rounds.
For gold investments you must have a .995% fineness. Here
are the options you have for gold products:
- American Gold Eagle Bullion Coins
- American Gold Eagle proof coins
- American Gold Buffalo
- Uncirculated coins (proofs not allowed)
- Australian Kangaroo/Nugget coins
- Austrian Gold Philharmonic coins
- Canadian Gold Maple Leaf coins
- Chinese Gold Panda coins
For the rest of the precious metals, there are also fineness
requirements and limits on the rounds, bars, coins, etc.
Silver must have a fineness of .9999% or greater. Here are
the options you have for silver products:
- American Silver Eagle bullion coins
- American Silver Eagle proof coins
- Australian Silver Kookaburra coins
- Austrian Silver Philharmonic coins
- Canadian Silver Maple Leaf coins
- Chinese Silver Panda coins
- Mexican Silver Libertad coins
Platinum must have a fineness of .9995% or greater and your
options for platinum products are:
- American Platinum Eagle bullion coins
- American Platinum Eagle proof coins
- Australian Platinum Koala coins
- Canadian Platinum Maple Leaf coins
- Isle of Man Platinum Noble coins
Palladium is accepted for precious metal IRAs when it has a
minimum fineness of .9995% or greater. For palladium IRA you can have the
following product in your account:
- Canadian Platinum Maple Leaf Coins
Is a Gold IRA a Good Investment?
Many people here gold IRA and wonder if it is a good
retirement option. Is it safe? Is it a long-term option? Is it viable? Etc.
Gold is a great precious metal because it has a history of
gaining value when the rest of the economic world is in turmoil. Rarely does
gold reduce in value, and when it does, it is only a temporary reduction. It
doesn’t take long for gold to come back up in value. This makes it a relatively
safe investment. You don’t have to worry as much about making a positive return
compared to stocks or other products that vary based on the market.
As with traditional IRAs, gold IRAs provide long-term retirement accounts with similar features, with the primary difference being their investment asset: precious metal. Thus regulated by the federal government for added safety and tax deferral.
Many people around the country store gold as a bet against negative times in the economy. There are several problems with storing gold at home. One of the first being that you have to buy it with taxed income. With a gold IRA, you are making the investment without tax being paid upfront. Another benefit is that the storage is secure and guaranteed when you use a gold IRA custodian.
Between 1970 and 2015 the gold world has outperformed the
Economic inflation happens and the value of anything associated
with the dollar gets skewed. That is, with the exception of precious metals.
The values of precious metals hold strong as they are a currency of their own.
Part of saving for retirement is securing your investments
against the future. Gold is a great investment to secure your future against
changes in the financial world, so as a secondary retirement account it is great
option for many people. A gold IRA specifically is better because of the secure
storage, actually ownership of physical gold, and the deferred taxes.
Can I Use My Existing IRA to Buy Gold?
Like with some other retirement accounts, you can rollover
your existing IRA into a gold IRA. This can be done from a number of deferred
interest retirement plans such as a 401k or traditional IRA.
The purchase process of a gold IRA transfer is conducted
between the old custodian and the new one. At no time do you have physical possession
of your gold or have to transfer the money yourself.
A gold IRA rollover is slightly different. You have to
withdraw the funds from your current retirement account and then deposit them
into the account of the gold IRA company that you are using to buy and store
your gold. A gold IRA rollover must be completed within 60 days of being
started to ensure that you actually plan to use the funds for a rollover.
How Does A Gold IRA Work?
A gold IRA works similar to that of a traditional IRA. It is a self-directed IRA that is open through a gold IRA company. Taking the time to checking gold IRA companies thoroughly will help to make sure you get the best deal, many companies have a host of fees and costs that you might have to pay.
After setting up the gold IRA account the owner must finance
it from contributions, transfers, and/or an IRA rollover. Then they must
purchase the gold that they wish to store in their gold IRA.
What Is A Gold IRA Custodian?
A Gold IRA custodian is a certified party that is in charge of storing your gold for your gold IRA. For a variety of reasons, the federal government requires that you store your IRA metals with a professional custodian. In most cases gold IRA home storage is not a real option.
What Is the Best Gold IRA?
Taking the time to compare the various options will help you to find the best gold IRA company. Reputation, experience, metal options, prices and fees, and more go into making a company reliable and successful. On our American Hartford Gold review page you find more information about why this firm outranks all other companies in our gold IRA comparison chart.