What are the best gold IRA companies to invest with in 2022?
While there are quite a few companies that deal with gold, silver and other precious metals IRA products, we believe there are 4 standout companies that go above and beyond the call of duty to provide gold IRA investment account services.
In this post we will feature these 4 companies, their products and services and also provide a list of other companies at the end of the post to ensure you have a full range of companies to investigate for your investment purposes.
Disclosure: We are required by the FTC to remind you that the programs listed here are to be promoted to United States audiences only. Content found on this website does not constitute financial advice and should not be taken as such. Always do your own research before making any investment decision. The owner of this website, including the positive reviews of any company, or any negative reviews of its competitors, may not be independent or neutral.
The owners of this website may be paid to recommend Birch Gold Group, Augusta Precious Metals, Regal Assets and Goldco or other companies. The content on this website, including any positive reviews of these companies and other reviews, may not be neutral or independent.
The Best Gold IRA Companies of 2022
Changes in the world economy are highlighting the volatility of investment markets and are consequently directing more people to look into alternatives to traditional IRA's. This "flight to safety" is usually accompanied by the question "what is a gold ira?" To find out more about the differences between traditional and gold ira's go here.
In short, a Traditional IRA is used as a vehicle to hold stocks, bonds and other traditional assets, while a self-directed IRA account allows you to hold precious metals such as gold, silver, platinum an palladium. This can be held as bullion or in the form of coins, depending on the gold IRA company's policies and product offerings.
The methodology used to determine the final 4 options in this post was to review 12 companies, based on their ratings and reviews in the Better Business Bureau (BBB) and Business Consumer Alliance (BCA). We also looked at Consumer Affairs (CA) complaints and finally, the product offerings, management and costs associated with each company's gold IRA account. The final 4 were chosen on their consistency to provide a quality, safe and diverse investment product.
The Top 4 Gold IRA Companies of 2022
BEST OVERALL GOLD IRA
4.8 / 5
Goldco has one of the best educational resources of all the gold companies. The company goes to great lengths to ensure its clients are not just investors, but educated investors. This makes it easier for the professional staff to create the best investment portfolio for their clients. The investment process is transparent and the process is streamlined and easy to navigate.
They offer a full range of investment options that can include gold, silver, platinum and palladium and investments can be held in bullion and coins alike. The minimum investment at time of publishing is $25,000 which can be through a direct investment or via a rollover of 401K, 403(B) holdings or 457 Deferred Compensation Plans.
Birch Gold Group
4.8 / 5
Birch Gold Group has a very competitive pricing structure with multiple IRA-approved precious metals and bullion coin products. Based in Burbank, California, Birch provide services for personal precious metals investment through direct purchase, and for investing in Gold IRA's via direct investment and through rollovers from 401(K) and 403(B) holdings.
They have a lower minimum investment threshold than other companies and at the time of publication have a first year fees waiver on IRAs over $50,000. Clients are directly matched to investment staff to ensure a 1-on-1 client approach. Birch prioritises client trust which is evident from their high customer satisfaction rating.
Augusta Precious Metals
EASY ONBOARDING PROCESS
4.8 / 5
Augusta Precious Metals have one of the most streamlined onboarding processes that includes 5 steps where clients are assigning to a specialist, provided education, assisted with product determination, and then guided through the ordering and confirmation of the purchase. The focus is on stress-free investing.
They have a $50,000 minimum investment amount for both IRA and Cash purchases in any combination, and there are no maximum order amounts, which helps those with large rollover accounts. At time of publication there is no buyback scheme but they will accept trade-ins of precious metals. They don't guarantee to purchase metals that you own or repurchase metals it sells to you.
Company recommended or client selective Custodians
Recommended storage repositories
WIDE PRODUCT SELECTION
4.8 / 5
Regal Assets has no fees on the first year's opening investment and has an easy to follow online application process. They also offer a 7 day shipping guarantee on all products. As a point-of-difference they are specialists in cryptocurrency and Franck Muller watches for collectors.
Like the other companies their products include gold, silver, platinum and palladium in both bullion and coins, and they have a wide range of storage options to suit all needs. They use a flat rate fee structure of $190 per year if accounts contain only metals and $230 per year if both metals and other products are invested.
What Does A Gold IRA Cost?
Costs for gold IRA's are not uniform across the industry and are generally company dependent. They fall into 3 categories:
1. Set up fees: These can range from free to $200 depending on factors such as company promotions, special offers and the size of the investment. That is, fees can sometimes be waived on large deposits.
2. Annual administrative fees: Usually between $50 and $150 depending on account size.
3. Storage fees: The amount of gold/precious metal stored governs this fee which usually ranges between $50 and $300 annually.
You should also discuss with the company you select how they determine their commissions on purchasing or selling gold. It's often not a direct charge but instead can come in the form of a markup to the spot price of the precious metal being bought or sold. If there is no middleman involved, then markups can be reduced to the benefit of the investor.
Other Gold IRA Companies
The list of companies below comprises other companies that offer Gold IRA products. While they didn't make the cut into the top four listed above, they are still worth investigating to see if they would suit your purposes.
Regardless of the company you choose for your gold IRA investment, always get sound financial advice first from both your accountant and financial advisor. Let them guide you as to the best way to invest in this style of investment.
Gold IRA's are a great way to diversify your investment holdings as well as assisting in protecting your investments against volatility in the markets, locally and around the world. By investing wisely you can also provide a hedge against inflation.
It's also great to know that you are actually investing in a physical asset, and not just a digital number within a system that you have absolutely no control over.
Make sure to request the free booklet from each company (some of the banners above go to those pages) and compare the pros and cons of each organization. Take the time to review the companies on our list and when you feel you have all the information you need, start your direct investment or rollover process. Happy investing.