Investing in gold through an Individual Retirement Account (IRA) can be a smart strategy to diversify your retirement portfolio and protect your wealth against market volatility.
When selecting one of the best gold IRA companies, you must consider the cost of storage, buying, selling, and account administration fees.
In this article, we will explore some of the best gold IRA companies that have established a solid track record and offer exceptional services to investors seeking to incorporate gold into their retirement savings.
Learn why Augusta Precious Metals is our #1 choice for gold IRA companies and other alternatives to try.
Best Gold IRA Companies
- Augusta Precious Metals: Best overall (Most transparent pricing)
- American Hartford Gold – Best gold IRA company for small investments
- – Best gold IRA company for educational resources
Best Gold IRA: Quick Verdict
If you want to invest in a self-directed retirement account by purchasing and selling precious metals like gold and silver, Augusta Precious Metals is the best option.
They offer competitive prices, great customer support, and a dependable reputation.
1. Augusta Precious Metals – Most Transparent Gold IRA Company and Best Overall
Pros:
- Training without charge
- A variety of precious metals, including gold, silver, and platinum
- A+ rating from the Better Business Bureau (BBB)
- Competitive pricing for gold and silver
- Excellent support for customers
Cons:
- Does not provide platinum or palladium
- There are only two metals: silver and gold
- The minimum investment is $50,000
Isaac Nuriani, the CEO of Augusta Precious Metals, established the organization in 2012. As an IRA provider, it focuses on silver and gold coins and bars, primarily the American Gold Eagle coin (91.6% pure).
As one of the best gold IRA companies, Augusta guarantees that all its metals are 99% pure and offers the best gold IRA accounts. Their pricing plan is available on the web. The prices are established by adding a margin to the base or melt value and may fluctuate due to various factors, such as supply and demand, value, and economic circumstances.
Augusta encourages investors to compare their prices with those of other dealers since they are very confident in their accounts offer. New investors are allowed to reverse a transaction within seven days.
Why We Chose It
Augusta Precious Metals is our top pick for one of the best gold IRA companies due to its transparent charge and pricing policy. Since their start in 2012, they have obtained high ratings from the BCA and provide a 100% refund to unsatisfied customers.
In addition, as the best gold IRA accounts, they offer seven-day price protection and a buy-back program—Augusta partners with the highly acclaimed Delaware Depository to provide storage for their clients’ needs.
Moreover, their onboarding and transaction procedures are automated and do not charge any administration fees. Despite these advantages, their selection of metals is limited, and their minimum investment threshold is quite high.
Although they do not allow online purchases, they are a great option for those seeking to do an IRA rollover.
Summary
Augusta Precious Metals is one of the best gold IRA companies available, a claim that can be supported through its excellent and best gold IRA accounts reputation, customer feedback, and dedication to education. They have gone to great lengths to build trustworthiness and reliability.
2. American Hartford Gold – Best Gold IRA Company for Small Investments
Pros:
- The smallest sum needed is $5,000
- A superb collection of coins and bullion
- It is easy to create an account
- Provide savings that cover the price of up to three years’ worth of maintenance, insurance, and storage
- Partnered with the most reputable brands in precious metals storage so you may choose
Cons:
- Higher annual charges apply to larger accounts.
- Palladium and platinum products are not readily accessible.
Why We Chose It
American Hartford Gold, a family-run precious metals business based in Los Angeles, was founded by Sanford Mann in 2015.
Its best gold IRA accounts offer free insured shipment, price matching, a buyback guarantee, and a minimum deposit of $5 000 required to start a Gold IRA – much lower than the industry standard.
There are two methods to transfer existing IRA funds to a gold-backed retirement account with American Hartford Gold – between trustees or their 60-day rollover provision, without encountering fees or taxes.
As one of the best gold IRA companies, the team has been praised for their professionalism and responsiveness to customer questions and concerns 24/7.
To secure precious metals, the corporation has collaborated with two of the best in the business – Brinks for Vaults and Delaware Depository for more precious metals than any American facility.
However, there is criticism for the slow processing times, which can take up to five days, and shipment may take an additional week, with orders only being shipped to addresses within the United States and its territories.
Summary
American Hartford Gold, one of the best gold IRA companies, stands out from other precious metals IRA providers due to its outstanding client service.
Additionally, as one of the best gold IRA accounts, they are willing to cover storage, upkeep, and insurance fees for the initial three years – plus, many customers appreciate it.
3. Oxford Gold Group – Best Gold IRA Company for Educational Resources
Pros:
- Superb customer service
- Consumers’ top recommendations
- Speaking with them is simple
- An enormous array of teaching aids
- Provide IRA and 401(k) holders the option of investing in gold and silver
- A versatile investing option is silver or gold
Cons:
- A drop in the market might make a comeback more difficult
- It is not publicly known who the owners are
Why We Chose It
If you seek guidance on investing in precious metals as a retirement savings strategy, Oxford Gold Group is a reputable investment firm that can help you.
They can help you acquire gold or set up the best gold IRA accounts and are specialists at optimizing the tax benefits associated with precious metals IRAs.
They diversify their retirement funds by purchasing precious metals using their retirement accounts and 401(k)s.
Gold, silver, platinum, palladium coins, bars, and bullion are all available from Oxford Gold Group, a precious metals broker. As one of the best gold IRA accounts, the company provides its customers with free resources to further their education.
Due to their great worth and relative fragility, precious metals need unique storage conditions to protect them from theft and wear & tear.
As one of the best gold IRA companies, the company uses several different depositories, including the Brinks Depository in Salt Lake City, Utah, and the Delaware Depository in Wilmington, Delaware.
Yet, its ownership is a mystery since the “About” page provides no information about the firm or its employees. From what I can see from his LinkedIn profile, Patrick Granfar is the president and co-founder of this business.
Summary
Oxford Gold Group sells a variety of precious metals, including gold, silver, palladium, and platinum.
From what we can tell, they’re a reliable choice and offer the best gold IRA accounts for precious metals IRAs.
Oxford Gold Group makes it simple to enter the gold market with small, regular purchases or a gold Individual Retirement Account (IRA).
What Is an IRA?
Savers looking for tax benefits and a variety of investment opportunities for retirement should consider opening an Individual Retirement Account (IRA).
An IRA can be a great option for those who have a 401(k), 403(b), or other employer-sponsored retirement plan and may even be a better choice than their plan if it requires matching contributions.
There are many types of IRAs, such as the Roth IRA, Traditional IRA, and Rollover IRA, each with its rules on contributions, taxes, and withdrawals.
The Traditional IRA
If your income is consistent, you may invest in a Traditional IRA. Any contributions to this type of IRA may be accepted for a tax deduction, providing users with an upfront tax reduction.
When the funds from a regular IRA are withdrawn during retirement, they will be subjected to income tax. When a person reaches the age of 72, they must abide by the RMDs (required minimum distributions) annually.
The Roth IRA
If you wish to contribute to a Roth IRA and not have to pay taxes on the money you put in immediately, you should use “after-tax” funds. When you retire, these funds are safeguarded from taxation, and you can withdraw them tax-free from the best gold IRA companies.
The required minimum distributions (RMDs) that apply to a Roth IRA permits account holders to keep the money in the retirement account for themselves or their designated heirs.
Unfortunately, your annual income should not exceed a set limit to be eligible to put money in a Roth IRA.
The Rollover IRA
It is possible to transfer funds from a 401(k) or other workplace retirement plan into a Rollover IRA. Doing so may spare individuals from paying taxes or penalties for taking money out of their retirement accounts too soon.
The tax benefits depend on the type of IRA chosen and if RMDs are necessary.
Why Invest in an IRA?
Before retirement, it is estimated that up to 85% of your income may be needed for everyday costs. In this case, saving up with a 401(k) may be difficult. Nevertheless, you can invest in a 401(k) and an IRA. Taking advantage of a Fidelity IRA might be beneficial as it offers the following:
- Allow you to benefit from the potential interest that could be tax-exempt or tax-deferred.
- You can invest in a larger scope of financial instruments than those accessible through the retirement plan provided by your best gold IRA companies.
- Secure additional funds outside the retirement program your best gold IRA companies provide.
Maximizing the potential of the best gold IRAs assets requires making the full contribution and monitoring investments over time. It is essential to make adjustments to the portfolio as desired, particularly when nearing retirement and your goals change.
Why Invest in a Gold-Based IRA?
A gold IRA could be a great selection for alternative investments. The price of gold may change from time to time, based on economic conditions, but it often gets higher during times of uncertainty.
This type of IRA helps diversify retirement savings, the primary benefit of using the best gold IRA companies. Nonetheless, the returns may not be as high as with equities. Gold IRAs also provide some protection from inflation and recession.
Some financial experts are wary of these accounts due to the stricter IRS requirements, complexity, and greater costs.
If you want to get the actual gold or other precious metals, buying bars from the best gold IRA companies is recommended since there is no need to worry about depository requirements and regulations if they are not in an IRA.
A gold IRA might be a solid option to diversify your retirement portfolio and guard against economic instability. It is advised to keep the percentage of alternative investments below 10%.
According to the best gold IRA companies, an individual can get around the yearly contribution limits of $6,000 ($7,000 for those 50 and over) by rolling over a precious metals IRA or a gold IRA. Consulting a financial counselor to see if gold fits your financial aspirations is a good first step.
Once that is done, contact one of the best gold IRA companies to set up the retirement account. When you have a regular income, investing some of it is in your best interest to ensure a comfortable retirement.
IRAs can be an excellent choice for anyone looking to secure their financial future.
How We Chose the Best Gold IRA Companies
- Available Products and Assets: This write-up is principally about gold Individual Retirement Accounts (IRAs), yet we made sure to include some other possibilities that comprise silver, platinum, and palladium IRA.
- Fees: Our ratings will only include a custodian as one of the leading gold IRA companies if they provide competitive and clear fees without extra costs or monthly service fees.
- Customer Service: Deciding to exchange your traditional IRA for a gold IRA is an important one. Therefore, we only incorporate a gold IRA firm as one of the best gold IRA companies in our assessments if they have knowledgeable customer service agents with comprehensive knowledge of IRS and tax regulations.
- Reputation: It is of the utmost importance to entrust your financial management only to the highest caliber firms. Therefore, all the companies we examined in our gold IRA review have earned excellent ratings from the Business Consumer Alliance, Better Business Bureau, and Consumer Affairs.
Final Thoughts on the Best Gold IRA Companies
Investing in a Gold IRA is a great way to diversify your retirement portfolio and protect your finances,
as gold has always maintained its worth over time, making it a reliable long-term investment.
When it comes to investing in a gold IRA, it is crucial to conduct thorough research and consider factors such as reputation, customer satisfaction, fees, and storage options.
Our top choice for gold IRA companies is Augusta Precious Metals due to its strong reputation, excellent customer satisfaction, competitive fees, and comprehensive storage options.
Remember to consult with financial professionals before making any investment decisions to ensure they align with your specific financial goals and circumstances.
