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A lot of people feel overwhelmed by all the gold IRA companies out there. Now, some say the only way to solve that anxiety is to do your research.
Are you going to quit your day job to research every gold IRA company out there? That’s not practical, but what you can do is use the information provided by folks who are willing to do the work for you, like us.
The following are 10 gold IRA companies to consider. This list was last updated in November 2022.
1. Augusta Precious Metals
Visit their official website here
The first company I’ve got to cover is Augusta Precious Metals, which you’ve probably come across.
It’s quite popular and considered a top-rated gold IRA company. Part of their appeal is they sell IRS-approved gold and silver.
That’s not all though. They’re also willing to work with several custodians, even though their preferred one is Equity Trust, which makes it easier to set up self-directed IRAs. Their focus is on teaching clients rather than just providing a service.
Pros
- Reviews are very positive with A+ rating from the Better Business Bureau
- It’s promoted by Joe Montana.
- Offer a one-on-one conference designed by an Harvard-trained economist. You can request their free guide here.
- Offer easy sales and lifetime account services.
- Very transparent fees
- Lifetime support
- Work with Equity Trust, the most trusted directed IRA custodian in the US
Cons
- $50,000 entry
- No online setup
2. Birch Gold Group
Visit their official website here
Birch Gold Group is another company to mention. It’s a precious metal firm that deals with platinum, silver, palladium, and gold, which is why we’re here.
It was founded back in 2003, and it’s been going strong since then. Birch Gold Group is located in the state of California, but it is online based.
The company focuses on finding ways to protect your portfolio from inflation. It personalizes options and helps educate clients.
Pros
- It has thousands of five-star reviews.
- The form has an A+ from the Better Business Bureau.
- Its supported by Ben Shapiro.
- It’s number one for customer care.
- You can request their free gold IRA guide here.
Cons
- No overseas depositing
- Not transparent about startup fees
3. Noble Gold
Visit their official website here
Of course, we had to mention Noble Gold. These folks offer everything you could ever want regarding precious metal IRAs.
This is another company that focuses on education, so you feel ready to do this on your own. The company is based in Pasadena, but it has storage options throughout the nation.
Nobel Gold was founded in 2017, so it’s quite young. Still, for being so young, it seems to be holding its own.
Pros
- The sign-up process is fast.
- Company has good customer service.
- The investment minimum is low.
- Has an A+ rating with BBB and consumer aliance.
Cons
- Very new
- No international depositories
4. Goldco
Visit their official website here
If you’ve been following IRAs for some time, chances are you’ve come across Goldco. It’s one of the most popular gold IRAs out there, thanks to personalities like Sean Hannity who swear by it.
It was founded by Trevor Gerstz in 2006, so it’s relatively young compared to other gold IRAs.
It’s a web-based precious metal retailer. The firm has been growing since it was founded, and while it mostly focuses on gold, it also works with other precious metals, like platinum and silver.
The following are some pros and cons of this company:
Pros
- Good customer service
- Great promotions
- No high pressure tactics
- High buyback guarantee
Cons
- Can’t set up everything online.
- There’s a $25,000 minimum for an IRA.
5. Regal Assets
Visit their official website here
The company was founded by Tyler Gallagher. He made a career in finance before he founded Regal Assets.
He wanted to educate people and offer alternative assets. The company was created back in 2009.
The company focuses on precious metals; cryptocurrency is just an addition. Those interested in cryptocurrency will find offerings through Regal Wallet.
Pros
- They have more than 1,600 positive reviews.
- Only bullions are sold, which are easy to liquidate.
- Assets are managed by one entity.
- There’s a low minimum investment.
- Offer a simplified buy back with no extra costs.
Cons
- Website not user friendly
- Not rated by Better Business Bureau
- Not transparent about who you will work with
6. American Hartford Gold
Visit their official website here
American Hartford Gold is an important company to bring up. It’s another young one that was founded in 2015, but it’s impressing folks.
The people behind it have more than 20 years of combined experience in finance. This is a big plus, especially compared to other companies. The company guarantees your satisfaction and says people will only get high-quality gold.
They have a good customer service team to help guide newbies and experienced investors with anything they might want.
Pros
- Family owned
- A+ rating from Better Business Bureau
- Number one rating with INC 5000
- Price match guarantee
- Great promotions
Cons
- Gold and silver only
- No flat-rate system
7. Patriot Gold Group
Visit their official website here
Patriot Gold Group prides itself on creating and funding these types of IRAs. It’s a traditional gold IRA, which is part of its charm.
It works with palladium, platinum, silver, and gold. The company ensures that you get the same tax benefits and deferrals that people expect from a regular IRA.
The company tries to take care of most of the work. It’s not focused too much on education but rather simplification by leaving it all up to your representative.
Pros
- Experts in precious metal IRAs
- Investor direct pricing
Cons
- Pretty new, established in 2016
- Must fill out initial form before getting more information
8. Gold Alliance
Visit their official website here
Gold Alliance Capital is another company with decades of experience behind it. The people who founded the company have been doing this for a long time.
The company focuses on gold IRAs. These types of IRAs are a little complex, but this company attempts to streamline and simplify the paperwork associated with its gold IRAs.
It was founded in 2017, so, yes, it’s another young one. Magazines like Forbes and the Wall Street Journal have talked about it.
Pros
- Google reviews give it a five star
- A+ rating from Better Business Bureau
- Client support forever
- Buy back guarantee
Cons
- Prices for their metals aren’t listed.
- Their not transparent about precious metal prices.
- The company is quite young.
9. Advantage Gold
Visit their official website here
I couldn’t let you go without talking about Advantage Gold. These guys are specialists at what they do.
They teach clients about the importance of gold IRAs and try to make the transition easy. They have experts who explain tax regulations and codes you have to know.
Education is a big deal for this company, so it’s a great place for newbies. Advantage Gold thinks that informed clients will be a lot happier with their investments.
Pros
- It’s number one in TrustLink for three years.
- The flat rate is offered.
- Offers exceptional customer service.
- The founders are still very involved.
Cons
- The company is quite new to the industry.
10. American Bullion
Visit their official website here
American Bullion started with gold in 2009. The company is known for streamlining processes that take a long time with other companies.
Setting things up, signing up, and many other things are done quickly. This reduces headaches, which is great. The company is full of knowledgeable folks who want to teach you how to be a better gold IRA investor.
Pros
- They have good customer reviews.
- Better Business Bureau gave them an A+.
- They’ve been doing this for over 12 years.
Cons
- Pricing discrepancies
- Overcharge from time to time
- Limited depository and custodian choices for clients
What to Expect From a Good IRA Company?
Now, we’re going to give you some tips to help you find a good gold IRA company. This should make it easier to narrow down your choices.
- Positive ratings from authority bureaus
- No pressure to buy premium coins
- Been in Business for some time
- Transparent fee structure
- Efficiency and good delivery time
- No pushy salespeople
- Alternative investment options
Well, this is our list, and we think it’s a good one. If you compare the list to our ‘what to expect from a good gold IRA company’ section, then most companies fall short somewhere. The two that check the most boxes are Birch Gold and Augusta. Of course, it’s totally up to you, but that’s just our opinion.
To me, the best way to invest in gold is to do it through a gold IRA. You can buy gold and keep it in your IRA for tax-free income, or convert your IRA to a Gold IRA. You can also buy physical gold and keep it in your home for personal use, but you’ll have to pay capital gains on the sale of that gold if you decide to sell it later.
I’d like to add that yes, Gold IRA companies are one of the best but also the only way to invest in gold for your IRA since you need a custodian. Of course, the cost of buying gold varies based on the price of the gold and how much you want to spend on a gold IRA.
The cost of investing in a gold IRA is often less than investing through an exchange-traded fund (ETF), depending of how much the minimum contribution is.
@markforumadmin May I ask how you rated them?Hey Lucie,
Thanks for your contribution. Sure, I rated them according to the following criteria (this is not an exhaustive list):
• Reputation
• Fees
• Price competitiveness
• Years in business
• Sale tactics
• Legitimacy
• Customer reviews
• Quality of customer Service
• Trust seals
• Benefits for new and existing investors
• Quality of the information provided in their free kit (they all have one)
• Buyback plansThose are great criteria to do an in-depth analysis of those companies. I definitely agree with your top 5 at least. It’s good to see someone that cares about rating them properly.
can this be done within a traditional Ira? I’m thinking of investing in gold but I don’t know what’s the best way to do it.
Hey Sean, there are many ways to invest in gold. One way to do it is via a self-directed individual retirement account, also called SDIRAs. This is the only retirement plan that allows you to acquire gold and a few other precious metals like silver palladium and platinum. Although, you do not hold it directly, a trustee has to do it for you (usually a credit union or financial institution like a bank).
What is a gold IRA and what are the disadvantages of it please? Also, what is a gold IRA custodian? Thanks for your help.
What is a gold IRA and what are the disadvantages of it please?
A gold IRA is a tax-advantaged savings account that allows individuals and businesses to save money in an investment vehicle that has favorable tax rules. The interest you earn on your money can be tax deferred. This means that your taxes will only be paid on the money you earn once it is withdrawn, which could be years from now.
What are some of the disadvantages of a gold IRA?
It provides you with a tax-advantaged savings account, which means that you can’t use this type of account to pay any other expenses.
What is a gold IRA custodian?
A gold IRA custodian provides you with the services of an intermediary between you and your gold IRA. The gold custodian provides a safe place to store your precious metals, as well as other services that you might require, such as tax preparation, investment management and more.
To open a gold IRA account, you will need to contact a financial institution that provides the services that you require for your gold account, and they will provide a document that you should fill out. The document will ask for information such as your name and contact information, the amount of gold and/or silver you wish to purchase, your IRA number and the type of IRA account you want to open.
If you’re interested but don’t know too much about gold IRAs, I strongly suggest you look at the companies we listed above. Go to their official website and request their free kit to get you started.
I’ve used Goldco before, they’re a great company I agree with you. Their staff were a huge help, super informative. I rolled over my 401(k) account to a gold IRA with them and I don’t regret it at all.
Thanks Henry, great to hear you had a positive experience with them. I’d recommend Augusta or Birch Gold but I know Goldco is also a good option.
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