Augusta Precious Metals – Best Orion Metal Exchange overall – Best for low fees Birch Gold Group – Best for fee transparency Augusta Precious Metals has plenty of customer information on its website. Ironically, one of the qualities that put this company at the forefront of our selection is its video blog series with reasons why you shouldn’t own gold. Many gold IRA companies use scare tactics or exploit investors’ fear of a (highly unlikely) collapse of the entire financial system and a collapse in the US. Five companies made it onto the list of the most reliable and overall best investor satisfaction.
They are Lear Capital, Goldco, Orion Metal Exchange, and Patriot Gold Group. Oxford Gold Group is also a remarkable company that should be on the radar. Here’s what we’ve done to get to our best Gold IRA options. Many gold IRA companies work with a custodian, and either the custodian or the gold IRA firm may select a custodian.
Most gold IRA companies buy back gold or other precious metals that they sold you, but buybacks are generally made at a wholesale price, which is about a third cheaper than the selling price. Some gold IRA companies describe their offerings as varied because you can include more than one type of precious metal in them. Many of these companies allow investors to buy precious metals, which include silver, platinum, and palladium in their IRAs in addition to gold. Gold IRA companies are not investment companies that are held in trust to act in your best interest.
Gold IRA companies differ in that some let you choose between multiple custodian companies and custodians, while others require you to use a custodian bank and custody account of your choice. The leading Gold IRA companies offer unbiased educational resources, investor information, and responsive customer support. Most gold IRA companies buy back gold that they originally sold you, but repurchases are generally made at a wholesale price, which is often around 30% below the current selling price. Gold IRA companies typically have a number of distinctive characteristics, but the companies discussed here are characterized by trust, professionalism, transparency, and experience.
You can choose a mix of gold and silver, and some gold IRA companies also offer platinum and palladium, which you can buy and hold in your IRA. Mint, the corresponding authority of certain other countries, or designated private minting companies may be held in a Gold IRA. Once you’ve decided that a Gold IRA is right for you, you can contact your retirement plan administrator to initiate the rollover, or let the Gold IRA company make a direct rollover between the two companies. A gold IRA is distinctive because the account holder owns the actual precious metals, as opposed to stocks or fund shares of mining companies.
We’ve reviewed more than a dozen Gold IRA companies and highlighted the best options for investors with diverse needs and financial refinements.