Goldco vs Noble Gold
Thursday, September 12th 2024
Investment in precious metals has grown increasingly popular as an insurance against economic uncertainty and inflation (1), so a gold IRA or other precious metal investments may be part of your plan to diversify. Two leading providers within this field include Goldco and Noble Gold. Here is an in-depth comparison between their offerings to assist with making an informed decision when selecting precious metal IRA providers.
Company Background
Goldco: The company was founded in 2006 by Trevor Gerszt and located in Woodland Hills, California is an established precious metals IRA provider known for offering both gold and silver accounts as retirement investments. Their A+ rating with Better Business Bureau shows their dedication to customer service as they educate clients about investing in precious metals as part of their retirement planning strategies.
Noble Gold: The company was established in 2017 as one of the newcomers to the precious metals IRA market and quickly established an excellent track record. Co-founded by Charles Thorngren and Collin Plume of Pasadena-based Noble Gold is known for providing investment options such as gold, silver, platinum and palladium investments at competitive rates. Boasting an A+ rating with Better Business Bureau (2) for transparency and customer education services.
Product Offerings
Goldco: Goldco specializes in gold and silver IRAs, providing products such as gold, silver, platinum, and palladium bullion coins and bars in these metals to investors. Popular offerings from this provider are American Gold Eagle coins (IRA-approved), Canadian Gold Maple Leaf coins and American Silver Eagle coins among many more IRA-friendly offerings – plus there are platinum, and palladium options as well.
Noble Gold: They offer more investment options than Goldco, beyond standard gold and silver IRAs, including platinum and palladium IRAs. Their product offerings also include IRA-approved coins and bars in gold, silver, platinum, palladium including popular options such as American Gold Eagle coins, Canadian Maple Leaf coins, and American Silver Eagle coins as well as exclusive collectible options like Trump coins. Additionally, Noble Gold provides exclusive and collectible options like Royal Mint Queen’s Beast series coins which may appeal.
Storage Options
Goldco and Noble Gold work closely with trusted third-party depositories to safely store clients’ precious metals.
Goldco: Their clients may select between two secure storage facilities. Delaware Depository or Brink’s Global Services, both offering top-of-the-line protection with fully insured services, segregated storage is available upon payment of an extra fee, guaranteeing your metals won’t get mixed in with assets belonging to other clients.
Noble Gold: It has joined forces with International Depository Services (IDS), offering both domestic and international storage options to its clients. IDS facilities are located in Texas and Delaware in the U.S. as well as Ontario in Canada, giving clients an added layer of asset protection and peace of mind. Noble Gold’s partnership provides segregated storage at no additional charge so their clients may rest easy knowing their precious metal assets are secure from harm’s way.
Fees and Pricing
Both Goldco and Noble Gold offer highly competitive pricing and fee structures for their precious metal IRA services.
Goldco: They charge an account setup fee of $50, wire transfer fee of $30 and annual maintenance fee of $80. Storage fees depend upon which depository and segregated storage option is selected. These are transparent fees so it is essential that users take time to understand all costs involved when managing an account with them.
Noble Gold: Their fees are easy and transparent for investors to understand, charging only $50 account setup and $80 annual maintenance. Domestic facility storage begins at $150 annually while international storage fees in Canada start from $225. Providing segregated storage at no additional charge makes Noble Gold an attractive solution for investors seeking increased security.
Account Opening and Funding Process
Goldco and Noble Gold offer users simplified account opening and funding processes, making setting up precious metals IRAs simple for investors.
Goldco: Their account setup process entails either filling out an online application form, or connecting with one of their representatives over the phone, before having your application approved by Goldco. Afterward, their team works to transfer funds from your existing IRA/401(k) into your precious metals IRA account. Once funds have been moved you can start purchasing precious metals! Typically, this takes between two to four weeks.
Noble Gold: It provides an easy and straightforward process for opening and funding an IRA account. Simply submit an online application or contact their representative, who will guide through each step until your application has been approved and funds transferred over from an existing retirement account to Noble Gold’s team who then assist in selecting precious metals to form your IRA. This usually takes between two to four weeks to complete.
Customer Service
Goldco and Noble Gold have earned an exceptional reputation for customer service excellence by providing personalized attention and guidance throughout the investment process.
Goldco: Provides each client with their own account executive, providing one point of contact in case any inquiries or problems arise. Furthermore, this company prides itself on their educational approach. Helping clients understand how precious metal investments can contribute to a well-diversified retirement portfolio.
Noble Gold: Offers personalized services with its dedicated account representative supporting clients with account setup, funding and asset selection. In order to promote transparency and educate investors effectively on making informed decisions. In-house webinars and market updates help investors stay abreast of market changes. Guides offer more resources.
Reputation and Customer Reviews
Goldco and Noble Gold both enjoy stellar reputations within the precious metals IRA industry, boasting numerous positive client testimonials.
Goldco: Boasts an A+ rating with the Better Business Bureau and 4.8-star reviewers on Trustpilot are very positive about Goldco’s knowledgeable, attentive customer service as well as their educational approach and guidance provided by account representatives.
Noble Gold: Boasts both an A+ rating from the Better Business Bureau and 4.6-star reviewers on Trustpilot, earning praise from clients regarding professionalism, honesty and personal customer service offered by the account representative to clients. Reviews often praise Noble Gold’s commitment to educating investors about precious metal investment and the benefits they bring.
Conclusion
Both Goldco and Noble Gold are respected precious metal IRA providers that offer various investment options at highly competitive fees with outstanding customer service. Goldco’s primary focus lies with gold and silver IRAs while Noble Gold offers additional investments like platinum, palladium, collectible coin accounts as well as unique coin investments.
Noble Gold offers superior storage services with segregated space available at no additional charge. Both companies also provide secure and insured facilities to safeguard the safety of your assets.
Goldco and Noble Gold each possess their own distinct advantages when deciding between them. Therefore, choosing one over another ultimately comes down to personal choice and needs. Each company possesses certain benefits when making your decision, so make sure you consider investment options, storage facilities, fees, customer service levels, as well as fees when making your final choice of precious metals IRA provider.
Ready to add precious metals in your investment portfolio?
Now is the perfect time to safeguard your retirement savingsbefore the markets become much worse and even less predictable in the near future. As a result, it is vital to establish a precious metals IRA and transfer some of your assets to gold that is acceptable for IRAs before it’s late. To get started, take a look at the top companies below.
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2 Comments
Sounds like Noble Gold has bigger fees than Goldco…
Hi Casey,
This is true however, fees are just a part of the elements to consider before choosing a gold IRA company.
Happy investing!