Disclosure: "the owner of this website may be paid to recommend Goldco, the content on this website including any positive reviews of Goldco and other reviews, may not be independent."
Chances are you are tired of scams that promise to help you retire with peace by investing your hard earned cash with them and you are here because you are looking for a legitimate company that you can trust.
You are in luck.
Because in this website we have reviewed over 150 precious metals companies, the bad and the good and we decided to put together an article where we share with you the top 5 gold IRA companies that you can actually trust.
Obviously these 5 gold IRA companies won't be all good for you, that's why we invite you to take your time to read this post and do your comparisons so you can find your perfect match.
If you're a newbie and you are not sure what is a gold IRA, we decided to start this article by explaining what it is and after that we share with you our top 5 gold IRA companies.
What is GOLD IRA?
A Gold IRA is a self-directed individual retirement account that allows you to invest in different precious metals like physical gold and silver.
It often comes with higher fees than a traditional or Roth IRA that only allows you to invests solely in stocks, bonds, and mutual funds.
Gold IRA can serve as a good hedge against inflation but is also concentrated in a single asset class.
Gold IRA Qualifications
Though IRAs were once limited to holding American Eagle gold and silver coins, today, IRAs allow you to invest in IRS-permitted gold, silver, palladium, and platinum bullion and coins.
Thanks to the Taxpayer Relief Act of 1997 which expanded the precious metal holdings allowed in IRAs to include one, one-half, one-quarter, or one-tenth ounce U.S. gold coins and one-ounce silver coins minted by the U.S. Treasury Department, along with certain foreign coins.
In order to qualify, the following minimum fineness requirements must be met
- Gold must be 99.5% pure, silver must be 99.9% pure, and platinum and palladium must both be 99.95% pure.
- Bars, rounds, and coins must be produced by a refiner, assayer, or manufacturer that is accredited/certified by NYMEX, COMEX, NYSE/Liffe, LME, LBMA, LPPM, TOCOM, ISO 9000, or national government mint and meeting minimum fineness requirements.
- Proof coins must be encapsulated incomplete, in original mint packaging, in excellent condition, and include the certificate of authenticity.
- Manufacturers must make small bullion bars (other than 400-ounce gold, 100-ounce gold, 1000-ounce silver; 50-ounce platinum, and 100-ounce palladium bars) to exact weight specifications.
- Non-proof (bullion) coins must be in brilliant uncirculated condition and free from damage.
TOP 5 BEST GOLD IRA COMPANIES
#1 Augusta Precious Metals
Augusta Precious Metals is one of the best (not if the best) precious metals companies that is known for its total transparency, excellent customer service, and many other factors that helped build its reputation and made thousands of customers including the hall-of-fame quarterback and multimillionaire Joe Montana trust them with their savings.
Augusta also takes pride in the accreditation, high marks, and ratings that they have received from trusted and well-known institutions.
Below you can see why we decided to put Augusta at the top of the list:
Better Business Bureau (BBB) - 4.96 out of 5 based on 110 reviews. A+ rated and a BBB accredited business.
Trustlink - 5 out of 5 based on 283 reviews.
Business Consumer Alliance - AAA RATING (96 reviews)
Facebook - 4.8 out of 5 based on 98 reviews.
Membership in the National Ethics Association (Ethics.net)
Consumer Affairs - 4.9 out of 5 based on 129 reviews
Google My Business - 4.9 out of 5 based on 301 reviews
IRA Gold Advisor - Voted Most-Trusted in the U.S.
Stevie Awards - Two Awards for Customer Service Success and Sales Distinction of the Year
What I Like About Augusta Precious Metals
Augusta will supply you with all you need.Gold and silver can be purchased physically, and they also act as an IRA custodian that provide secure storage for your precious metals.
Conveniently simple installationIf you contact support for help setting up your account, the process will take a few minutes, also, they will walk you through the entire setup process, from selecting the services to purchasing to filling out the paperwork.
Low fees compared to the market averageThe initial yearly fee is $250. Subsequent annual renewals will cost you another $200. Administrative, transportation and coverage costs are covered at no additional cost
Full honesty regarding the buying procedureMoney magazine rated Augusta Precious Metals the "Best Overall" gold IRA provider for 2022, and Investopedia dubbed them "Most Transparent."
Provides unlimited support for as long as you have an accountAugusta Precious Metals seeks to develop lasting relationships with each of its clients. For the sake of the objective, they devote substantial resources to cultivating relationships with each client and investment.
They place a premium on educationBecause of its friendly support staff and wealth of learning materials, Augusta is a great option for both novice and seasoned investors.
What I Don't Like About Augusta Precious Metals
Minimum purchase of $ 50 000To buy gold or silver from Augusta, you'll need to purchase at least $50,000 in your IRA or cash. As compared to similar businesses, this is a significantly higher minimum requirement.
Premium coins have higher markups.
- When purchasing precious metals, Augusta also includes a markup in the price. Each product has its specific margin. Their Transaction Agreement allows for a maximum 66% profit on premium coins.
Goldco is a reputable precious metals company with over a decade of experience in helping people protect their savings.
What makes Goldco one of the best in the game is its top customer service,
So whether you want to buy gold and silver directly, or diversify your retirement assets into precious metals, a Specialist will help you through the whole process from beginning to end.
Goldco is top-rated literally in every trusted website out there including BBB, Truslink, Trustpilost, and more!
Not only that!
In 2015 a magazine named Goldco the third fastest-growing financial services firm in the U.S!
What I Like About Goldco
Low annual feesGoldco has low fees compared to other precious companies, also, Non-IRA transactions have zero fees.
Offers free storage for non-IRA precious metalsWhen buying precious metals or other investments outside of an IRA, you won't have to pay any transaction fees. Goldco can store them for free indefinitely.
Unparalleled Attention to DetailThe organization has been around for a long time, and its name is synonymous with integrity, quality service, and a wealth of information about precious metals.
A+ BBB Rating and AAA BCA RatingGoldco has been awarded an A+ rating by the Better Business Bureau (BBB) and a AAA rating by the Business Consumer Alliance (BCA) because it has been found to adhere to BBB's accreditation guidelines, which include promising to make a good faith effort to resolve any consumer concerns.
Strongest Money-Back PromiseGoldco offers the industry's strongest buyback guarantee. In this way, you won't have to waste time contacting unreliable coin merchants who would likely offer you a poor price for your gold or silver coins.
What I Don't Like About Goldco
The Minimum investment is at least $25,000Goldco's precious metals IRAs require a minimum commitment of $25,000, which is considered to be on the high side. Although this is comparable to the prices offered by some of its rivals, other businesses provide prices that are even more competitive.
No online account set up
- You will not be able to open an account online; however, you can submit a request to receive a free guide to gold IRAs.
JM Bullion is a fairly new company, founded only in 2011.
The company is owned by Mike Wittmeyer who used to build websites for other business and help drive traffic to them.
However, he realized that he can also do the same thing in the precious metals market. Plus, he would own all of the businesses and not just someone who helps other businesses thrive.
Now, JM Bullion has thrived to be a leading online retailer of precious metals. Selling precious metals like gold, silver, copper, and platinum at very competitive prices.
What I Like About JM Bullion
A Wide array of products and services
JM Bullion offers a lot of precious metals for you to choose from. Plus, they also offer a lot of services that would be beneficial to customers like IRA and being able to sell your precious metals.
Good reputation for a young company
Even though they are a fairly recent and young company, they have already established itself as legitimate. Plus, they also beat a lot of competitors when it comes to accessibility.
Unlike other companies, their website also serves as an e-commerce site. This makes it easier for customers to find and get what they want. Furthermore, they also accept many types of payment methods.
What I Don't Like About JM Bullion
A lot of recent complaints (2023 update)
When you look at their BBB page you can find a lot of customer complaints, but the good thing is that they do answer the complaints which means that they are trying to solve the problem!
There are also a lot of people complaining about their customer service which is a kind of turn-off!
No Referral Discount or bonus
This might be a small thing for some people; however, discounts or bonuses are nice to have especially if you are going to purchase a lot of items.
Despite being a newbie in the industry, Noble Gold managed to be one of the top gold IRA firms because of various reasons including the low minimum investment requirement which is $5000, and their low annual and storage fees.
Noble Gold has a 4.98/5 rating and they also have quite an interesting amount of positive reviews on trusted websites!
What I Like About Noble Gold
Offers buyback programNoble Gold will re-purchase your silver and gold with the same openness and honesty they showed when you first opened an account with them since they understand that people will change their minds.
Provides their customers with a free gold IRA guideAnyone looking to make a financial investment in precious metals, whether a novice or a seasoned pro, can benefit from learning as much as possible about doing so. Fortunately, Noble Gold provides a comprehensive online manual for free.
Gives their customers proper educationAn investing firm might easily make assumptions about you and try to offer you unnecessary services if you let them. This is something that Noble Gold Investments will never undertake. That's why they work so hard to inform you about investments and address your concerns.
Excellent customer supportEven though every company in Noble Gold's industry claims that their customer service is unparalleled, the fact that the company has received positive feedback from reputable review sites gives them a leg up on the competition.
What I Don't Like About Noble Gold
A newcomer to the marketThis is probably Noble Gold Investments' biggest drawback. Given its infancy stages, many shareholders are understandably wary. Because its rivals have been functioning for longer, this is a disadvantage.
Few available choices for storing
- The company has a minimal number of storage choices, none of which are available worldwide.
Regal Assets is a company that started its operations with a small investment and a big vision: to simplify, innovate and rejuvenate the alternative assets investment landscape which was still operating under heavy bureaucracy and unnecessary hurdles.
They offer a Regal IRA, which is the world’s first Alternative Assets IRA that currently allows you to invest in both hard assets (precious metals) and digital assets (cryptocurrencies).
Also, the Regal IRA is a cutting-edge and future-driven investment vehicle that you won’t find anywhere else.
What I Like About Regal Assets
Great reputationRegal Assets' pristine track record supported by 99% client satisfaction is one of its main selling points for me. That's reassuring, and it makes you want to do business with them.
Quick processing and shippingIn the event you decide to withdraw your precious metal from your account, you can rest confidently knowing that they will deliver it to you within a week.
Pricing structure based on a flat rateA one-time fee of $250 will be deducted from your retirement account. In addition, the first year's payment is delayed until the second year of employment because the company covers the cost.
Separate storage facilityYour assets will likely be kept in a vault with those of other customers at your investing firm. Regal Assets offers vault storage for your bullion, coins, and gold bars at a discounted rate of $150 per year, compared to the industry standard of $250.
What I Don't Like About Regal Assets
Extremely high-priced bundlesRegal Assets' Merchant Package costs $5,000, while their Legacy Portfolio costs $25,000.
Not recognized by the BBB or any other review sitesFamous magazines, websites, and celebrity endorsements don't mean much if a company isn't recognized by the Better Business Bureau or another reputable organization. Having this sort of organization's stamp of approval will make it easier for regular individuals to share their insights and anecdotes about a particular industry.
Fewer options availableAlthough it does sell coins, its variety is limited compared to those of competing businesses.
Top 5 Best Gold IRA Companies - Conclusion
After reading this article, you probably already picked the right company for you!
Precious metals are a great opportunity to invest and diversify your portfolio, however, keep in mind that investments always carry risks so be carefull with every step you make!
Thank you for reading this "Top 5 BEST Gold IRA Companies" article, if you have any thoughts or questions please feel free to leave a comment below!