Are you looking for an ideal way to invest your money and ensure its safety? If so, you may be considering a gold IRA. A gold IRA is an excellent method to secure and protect your assets in the event of another stock market crash or economic downturn. However, not all gold IRA companies are created equal. In this blog post, we’ll discuss the best gold IRA companies and help you decide which one is right for you!
Investors are transferring their retirement accounts into gold IRAs to protect their money from rapidly rising inflation rates. A gold IRA is a good way to invest in precious metals and have a traditional IRA’s security.
In order to transfer your money into a gold IRA, you will need to choose a company that you trust. I have compiled a list of reputable companies that can help you with this process. The list is based on what you are investing in and your goals for the future.
We looked at a lot of companies to see if they were good for gold IRAs. The ones that had the highest ratings from the Business Consumer Alliance and the Better Business Bureau were the ones we chose.
We screened these companies for the best ratings in these categories: Customer support, investment options, compliance assistance, transparency, educational opportunities, and fees & prices.
When you are looking for a company to trust with your retirement or nest egg, it can be worrisome not knowing which one to choose. This list will help you find companies that you can trust.
The companies below will do everything that they can to help you protect your investment plans.
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Our Top Gold Investment Company Picks
Many gold IRA companies are very similar, but the ones on our top list have qualities that set them apart. These companies are transparent, professional, and experienced.
Augusta Precious Metals
Augusta Precious Metals provides education-centric investment opportunities to help you make the right choices with your money. They offer a personal one-on-one web conference with Devlyn Steele, an economist who has studied at Harvard University.
This company has a great reputation because they always put the customer first. They have received thousands of five-star reviews and no complaints to the BCA or BBB.
They protect their client’s money as if it were their own, and they provide the highest level of customer service possible.
Even football legend Joe Montana, along with his financial advisors, settled on Augusta Precious Metals as the best way for managing his gold IRA. Joe consulted his financial advisors to find the best gold IRA company in the United States, and after reviewing all of his choices, they suggested Augusta Precious Metals for its strong reputation, transparency, and competitive prices. He liked Augusta’s web conference so much that he decided to become a spokesperson for the company and a customer.
Augusta has high ratings from the BBB, BCA, TrustLink, Facebook, and Google. Augusta also has four different departments that will help you when you invest in the company. These departments will all work together to give you the best service and make sure you understand every step.
The first time you sign up with Augusta, you’ll be assigned with a personal agent. This person will help you through every step of the process and will be with you for as long as you have your own account.
Next, you’ll meet the people who work in the education department. This team includes a Harvard-trained economist named Devlyn Steele. They will give you up-to-date information about the economy, gold and silver, and the benefits of precious metals IRAs so that you can make informed choices about your financial future.
If you want to start a precious metals IRA account, Augusta’s IRA processing department will help you. They will help with 95% of the paperwork. This will help you avoid any potential compliance problems and penalties.
Lastly, the order desk can help you understand what types of gold and silver are available for investment and the most popular choices for a precious metals IRA.
Augusta is one of the best places to work because of its education-driven team. They are also easy to work with.
After you fill out their form, they won’t continuously bug you or pressure you to invest with them.
The people working at this company want you to buy what is good for you. They don’t want you to buy something just because someone is pressuring you to do it. They want to learn more about why you are interested in precious metals so that you can make good decisions about investments.
They will provide you with more educational information and won’t push you to make a purchase. When you are ready, they will give you all the information you need to know so that you can make the best choice for your situation.
Birch Gold Group
Birch Gold Group helps its clients meet their personal investing goals. Birch Gold Group has a low minimum startup investment, good customer service, lots of educational resources, and a transparent approach so that the client knows what is happening with their gold investment 100% of the time.
Birch Gold Group has a good reputation. They have worked with people like Ben Shapiro and other celebrities. They have high ratings from the BBB and Google, and Consumer Affairs.
The specialists at this company are free to chat and explain the latest stock market changes, information, and how that applies to your IRA.
Birch’s entire process is designed to help their clients make their own decisions and be confident in them. In addition, Birch has the lowest minimum startup investment of just $10,000.
Goldco Precious Metals specializes in helping people buy gold for their retirement. They can help you set up a self-directed IRA, which is a special kind of account that lets you invest in gold. Goldco can also help you buy physical gold, which is the actual metal that you own.
Gold investment companies have been around for a while now. This company has a lot of experience and good feedback from clients.
When you start working with Goldco, you are assigned an account executive. This person will help guide you through the IRA process and make sure you meet your investment goals.
Goldco has an A+ rating from the BBB and was also named one of the fastest-growing companies in the USA by Inc. 500.
American Hartford Gold
American Hartford Gold is working with investors to help them diversify their portfolios and protect their assets from the volatility of the stock market and inflation.
AHG has received a 5-star rating from the BBB for the past three years. They take their customers’ success seriously and offer education options when investing with them. AHG not only provides market news and updates but also offers free consultations with a senior portfolio manager.
If you’re looking for a company that is credible and takes care of you, American Hartford Gold is a great choice. They have education for beginner investors and people who know a lot about investments.
Regal Assets has been in business for about ten years, and they have a good reputation. Their clients rated them one of the top gold IRA investment companies.
One thing that sets Regal Assets apart from other companies is the option of segregated metal storage without any extra fees. This means that you will own your own storage unit, and no one else will have access to it. As a Regal Assets client, you also have a free delivery to your door anywhere in the world!
Another rarity is a flat rate for your account’s life, rather than a percentage of your investment like other companies have.
What is a Gold IRA?
There are two parts to a Gold IRA account: an IRA and gold. Gold is a valuable metal that has been used as a secure investment for a long time. It usually stays valuable, and it is a commodity. This means that people want and use something, like real estate or stocks.
Precious metals are a good way to protect yourself from inflation. Inflation happens when the value of money goes down. This can happen when the government prints a lot of money or if the economy is bad. Precious metals are an excellent investment because they are a real commodity, whereas paper money is not backed by anything except the government’s word.
A way to compare the US dollar and gold value is by looking at their prices in history. In 1970, gold cost $35 per ounce. In 2021, it is now priced at $1,800 per ounce. If you had $35 in 1970, it would still be worth $35 today. However, because of inflation, that $35 would not have the same buying power as it once did.
This chart compares how the value of gold and the dollar have changed over the last 50 years. It shows that the value of gold has increased more than the dollar, but there are other factors to consider.
An IRA is an account where you can save money for your retirement. You can put in pre-tax money, and it will be invested in your retirement account. This account will grow without any taxes on the capital gains or dividends.
When you take your money out of the IRA, you will have to pay income tax on it. A Roth IRA is similar to a Traditional IRA, but it can only hold stocks, bonds, or cash. So if you want to put gold in your IRA, you need a gold-backed Roth IRA.
A gold IRA is an account that you can set up to hold different types of gold. There are two ways this could be done: with gold bars and coins or with other precious metals. The “traditional” way to do it’s by using stocks and bonds as backing for your account. However, you can also use post-tax or pre-tax income to fund your account.
Gold IRA Guide: Important Factor Before Gold IRA Investing
Gold IRAs come with a lot of small details that you need to take into account. There are some rules and regulations you need to follow in order to make sure everything is done correctly.
Gold IRA Investing Options
Before you start investing in a gold IRA, it is important to understand what this includes. The gold you invest in has to be at least 0.995 purity. This means that the gold must be pure and not mixed with other metals.
The IRS doesn’t allow you to collect any old thing if you want it to be part of your precious metals IRA. That’s because the things you collect might not meet the purity standards that the IRS requires. You are allowed to have physical gold investments, but I don’t recommend “paper” investments.
Paper investments also called exchange-traded funds, or ETFs, are a type of investment that includes:
- Precious metal mutual funds
- Stocks in gold mining companies
- Precious metal commodity futures
- Gold commodity exchange-traded funds
Gold IRA Investment Tax Rules & Regulations
The IRS is like any other investor. They want to make sure that they are getting a good return on their investment. This means that they have rules about what you can and cannot do with your money.
Gold-backed IRAs have a limit of $6,000/year for contributions. If you are over 50, you can contribute $7,000/year. The money for a gold-backed IRA can come from a rollover or from an IRS-approved administrator.
You cannot take money from your gold IRA until you are 59.5 years old. Once you turn 70, you must begin taking money out of your account.
In order to get a gold IRA, you need to go through an IRS-approved precious metals administrator. This is called a custodian. Even though it’s a self-directed IRA and you are in control of what kinds of assets are in your IRA, you will still need the help of custodians to administer the account, your gold IRA provider to help you pick and buy metals, and your storage facility to ensure the security of your metals.
Gold IRA Approved Storage
You need to store your precious metals in an IRS-approved vault. When you take possession of these metals, it is considered a distribution. This means that you might have to pay penalties and taxes if you take the distribution early.
Physical Precious Metals Storage Options
It’s vital to have a safe place to store gold. This is especially true for gold that is kept in an IRA account. In fact, it is against the law not to have a safe place to store gold in an IRA account.
Some Trusted US Vaults:
- CNT Depository
- Brinks Security
- Delaware Depository
- Scotia Mocatta
- JP Morgan Chase Bank North America
- Delaware Depository
- HSBC Bank USA
Gold Backed IRA Guide in Investing
Step 1: Choose your gold IRA Provider
Most people invest around 10% to 15% of their portfolios in gold IRAs. But considering the current state of the US dollar, it’s a good idea to invest more if you can.
Step 2: Find a custodian and transfer or rollover your funds
There are several ways to fund your gold IRA investment. You can do a rollover from an existing IRA/401(k), or you can transfer the money from one account to the other. If you do a rollover, you will get the money from the original account and deposit it into the new account for your gold IRA investment with a custodian.
If you want to move your money from one retirement account to another, you have to do it within 60 days. If you don’t do it in that time, the IRS will charge you a 10% penalty. You’re allowed one rollover per year. If you’re performing a transfer, the money goes directly from the old account into the new one. You can make a lot of transfers as you want. You can do a rollover and a transfer from a 401(k), a Roth IRA, a traditional IRA, or a 403(b) retirement plan.
Step 3: Make your purchase!
It’s important to choose a dealer who can handle your account securely. Even though you may want to support your local businesses, sometimes they don’t have the resources they need to do a good job. Augusta Precious Metals is a well-rounded, experienced, and proven-best gold IRA company.
This gets you relatively lower markups, much better quality service, and a better experience and investment. The best gold investment companies in the United States are not necessarily close to you. You can find them online. Look for gold IRA companies that have exceptional ratings, great client feedback, and a stellar reputation.
It’s always an excellent idea to diversify your portfolio, but especially now. Keeping all your money in the US dollar will make it lose value, and you will have less money.
Inflation is high, and the United States dollar is not doing well. You need to take control of your retirement. Don’t let politicians control your future.
Finding a good company to invest in gold with is the first step, but you can’t stop there.
If you wish to secure your retirement, it is important to get in contact with a good gold IRA investment company.
Frequently Asked Questions about Best Gold IRA Companies
A gold IRA often has higher fees than a traditional or Roth IRA that only invests in stocks, bonds, and mutual funds. A gold IRA can protect your money from inflation, but having all your money in one place is risky.
A gold IRA company helps you set up your IRA and buy gold coins or bullion. But you still need to find a custodian to hold your money and a secure place to store your gold. Many gold IRA companies partner with a custodian, and the custodian or the gold IRA company might select a depository.
Luckily, you can avoid paying penalties and taxes on your 401(k) rollover. You just need to do a direct rollover. With this option, your provider takes care of the transfer for you so that your funds automatically show up in the new account. You can do an indirect rollover if you have to handle the transfer yourself.
Gold is selling for around $1,800 per ounce. This price is down around 5% from where it was this time last year, but it’s significantly higher than it was a few years ago. Despite this, some people believe that the current price is too low and that the value of gold will continue to rise in the future.
Gold IRAs are a type of IRA that lets you hold gold as an investment for retirement. You can hold physical metals like bullion or coins or hold securities related to precious metals.
The IRS ruled that IRAs can buy shares in a gold ETF. This is great news because it means that people can invest their money in a way that will protect them from the instability of the stock market.
Read more: 4 Steps To Invest In Gold IRA Companies