Oxford Gold Group offers investors two different options for storing a precious metal IRYou can choose between the Brinks Depository in Salt Lake City, Utah, or the Delaware Depository in Wilmington, Delaware.
What's the outcome of this Oxford Gold Group review? The firm is relatively new, but it offers convenient investment services and a great selection of precious metals. Expect higher fees than other companies, and you only have the option of two different IRA custodians. However, it does have an excellent reputation and BBB rating. Ultimately, the Oxford Gold Group is a good choice for investing in precious metals and diversifying your wealth portfolio.
Augusta Precious Metals is a premier gold IRA company founded by Joe Montana, a hall of fame quarterback, and his team of financial advisors. This company has received thousands of five-star rankings since 2012 and has won several awards for its IRA services.
Augusta Precious Metals offers gold IRAs and cash purchases. Like the other companies on our list, Augusta Precious Metals requires you to have a qualifying IRA and roll over your funds to your new gold or silver IRA.
First, you'll have the opportunity to talk to a live agent who can guide you in your gold or silver purchase. Your agent can also give you helpful economic guidance to educate you about precious metals IRAs.
Next, you can create your new IRA with the help of your live agent. You'll need to have at least $50,000 available to invest in order to qualify for an Augusta Precious Metals IRA account.
Once you've created your account, you'll need to fund it with money from your existing retirement account. Then, you can buy gold or silver by submitting an order from Augusta's order desk.
What Does Ira Approved Gold MeanAugusta also allows you to buy physical gold and silver outside of an IRIf you choose to go this route, you can still receive guidance from the company's gold and silver professionals, free and secure delivery, and complete control over your precious metal assets. You'll simply need to follow these steps to buy gold or silver directly:
Augusta sells a range of gold and silver bullion and coins that you can purchase directly or use to fund your IRThese gold and silver products include:
Augusta works with trustworthy custodians such as Equity Trust, Gold Star Trust Company, and Kingdom Trust who can administer your new IRAdditionally, Augusta can serve as your liaison with your custodian, giving you access to the custodian at any time.
The Augusta Precious Metals website also includes a video resource library filled with helpful videos from Delvyn Steele, a Harvard-trained economist. If you're looking for insight into what's going on in the economy, these videos are an excellent resource to review.
Overall, we recommend Augusta Precious Metals for anyone looking to open a precious metal IRA with a reputable company.
Noble gold sells gold, silver, palladium, and platinum coins along with valuable rare coins. You can purchase these precious metals through an IRA or buy them directly through the Noble Gold website.
Ira N GoldThis company follows a simple process to help facilitate gold IRAs for its customers. You can get started with Noble Gold by filling out an online IRA setup form. This form only takes about five minutes to complete. If you aren't sure of all the answers, the company can call you to guide you through the process of finding the necessary information.
Next, the Noble Gold IRA team will call your new custodian to set up your account and acquire any additional paperwork you may need to complete. The company will also email you your new self-directed IRA account number.
With Noble Gold, you can either transfer assets directly from an existing custodian to your new IRA or roll over funds into your new account. You shouldn't face any tax penalties when transferring funds from one custodian to another.
Once you fund your account and purchase your precious metals, you can check their status at any time through Noble Gold's custodian, Equity Institutional. This custodian offers online access to your account 24/7/365.
If you'd rather buy precious metals directly, you can take advantage of Noble Gold's Royal Survival Packs. These packs include hand-picked selections of precious metals with high levels of liquidity and recognizability. Purchasing these packs is especially helpful if you're unsure which metals to buy.
Noble Gold offers several features that set it apart as one of the best gold IRA companies. First, this provider offers some of the best gold prices on the market and provides fast, secure shipping. Noble Gold has also received hundreds of five-star reviews from satisfied customers, allowing you to feel confident in its practices.
Open Gold IraEven better, Noble Gold offers a buyback program to every client. If your retirement goals or savings change over time, you can rest assured that the company will buy back any gold or other precious metals that you previously purchased.
Overall, Noble Gold is an impressive gold IRA company that goes above and beyond to help its clients purchase profitable investments.
You've probably heard of 401(k) and traditional IRA accounts. These retirement accounts allow you to invest in index funds, stocks, and other paper investments to fund your retirement account. However, most traditional retirement investment accounts do not allow you to invest in gold.
That's where gold individual retirement accounts (IRAs) come in.
Gold IRAs are specialized individual retirement accounts that hold precious metals, such as gold, silver, platinum, or palladium. Like traditional IRAs, these accounts typically allow for pre-tax contributions and have similar income and contribution limits.
However, unlike traditional IRAs and 401(k)s, which hold paper assets, gold IRAs contain physical precious metals. When you purchase precious metals through a gold IRA, you must store them outside your home, with a custodian, and in a secure depository.
Offshore Gold IraA reputable gold IRA company, such as one from our list, can help you facilitate your gold purchase and walk you through the steps of opening your new gold IRA account. These companies know the ins and outs of IRS rules for retirement accounts, giving you the guidance you need to maintain a profitable portfolio. Many gold IRA companies also partner with custodians.
Investing in gold IRA accounts can provide numerous benefits for your retirement goals. Gold often provides more stable growth than paper assets, allowing you to diversify your portfolio while minimizing volatility.
Additionally, gold IRAs come with unique tax benefits. Your contributions and gains are not taxable, and in many cases, your contributions may also be tax-deductible.
All in all, investing in a gold IRA is a wise option to consider if you're looking to stabilize and diversify your portfolio. You can also consider a gold IRA rollover, in which you transfer funds from your existing IRA to a gold IRWe'll discuss this concept more below.
How we ranked the top gold investment companies
If you're looking to open a gold IRA or other precious metals IRAs, it's essential to use a reputable, trustworthy company to facilitate the process. Gold IRA investments can be expensive and choosing a questionable provider may be a costly mistake.
When we chose the five best gold IRA companies to add to our list, we searched for a range of factors that indicate that a company is reliable, knowledgeable, and reputable. Specifically, we examined the following factors while creating our list.
Companies typically develop positive or negative reputations for a reason. When searching for a gold investment company to facilitate your IRA, choosing one with a positive industry reputation can ensure that you have a positive experience overall.
When we chose the five best gold IRA companies to add to our list, we searched for a range of factors that indicate that a company is reliable, knowledgeable, and reputable. Specifically, we examined the following factors while creating our list.
One way to evaluate a company's reputation is to look the company up through the Better Business Bureau. The Better Business Bureau is an organization that allows consumers to write reviews and, often, complaints of businesses online. The Better Business Bureau also rates organizations on a scale from A+ to F, with A+ being the best rating.
When we chose the five best gold IRA companies to add to our list, we examined each company's Better Business Bureau reviews and ratings. The companies that made our list all have B or higher BBB ratings and tend to have more positive gold IRA reviews than negative ones.
Gold As Part Of IraReliable precious metal IRA companies do everything they can to gain new clients, including making the setup process as easy and stress-free as possible. These companies allow new clients to set up gold IRAs within a few days or less and offer qualified assistance from investment professionals.
The gold IRA companies that made our list feature easy setup processes. These companies also allow you to talk with a specialist directly throughout your account-opening process, ensuring that you can quickly receive the guidance you need.
Most gold IRA companies charge fees for their services. These fees cover the costs involved in opening your account, maintaining your account over time, and securely holding your precious metals.
If you come across an IRA company that offers its services for free, you may not be able to trust that it will put the necessary expertise and time into facilitating a reliable gold IRAdditionally, companies offering free services often do not provide the additional assistance and knowledge you would receive from a higher quality company.
Gold Ira Pros And ConsOn the other end of the spectrum, companies that charge outrageously high fees may not be trustworthy either. These companies may be more focused on maximizing profits than providing quality services for customers.
When we chose the gold IRA companies to add to this list, we focused on organizations that charge reasonable fees for their services.
One of the reasons many people choose to open gold IRAs is to diversify their investment portfolios. As a result, it makes sense to work with a gold IRA company that offers a diverse selection of gold, silver, and other precious metal products.
Some of the companies on our list only offer silver and gold coins but provide an extensive selection of each coin type. Other companies allow you to invest in gold, silver, platinum, and palladium in coins or bars. Additionally, one of the companies on our list—Regal Assets—also allows you to invest in cryptocurrencies.
You can feel confident that all the companies that made our list offer a varied selection of precious metal products.
If you're unsure what type of precious metal to purchase within an IRA or feel hesitant about the process, you may want to work with a company that offers potential buybacks. These companies allow clients to sell their precious metals back to the companies without incurring additional fees.
The best gold IRA companies offer buybacks and make the buyback process as hassle-free as possible. These companies may even offer to ship your precious metals back to their facilities for free if you purchased them directly.
Several of the companies on our list offer easy and reliable buybacks, giving you a cushion to fall back on if you decide to sell your precious metals back to them.
