Discover Which Precious Metals IRA Companies are the Best

• Precious metals IRAs allow investors to diversify their IRA portfolios by holding precious metals, such as gold and silver.
• Precious metals IRAs are self-directed accounts, allowing investors to invest in most investments. Precious metals IRAs allow investors to diversify their IRA portfolios by holding precious metals, such as gold and silver.
• Precious metals IRAs allow investors to place assets in gold and silver, among other precious metals.

Precious metals such as gold, silver, and platinum have long been a popular alternative to paper currency. For investors who want to protect their assets from rising interest rates and inflation, storing them in precious metals IRAs can be a good way to diversify.
Investors can invest in precious metals IRAs through self-directed brokerage accounts, which allow them to invest in most types of investments. Non-retirement accounts such as IRAs and 401(k)s allow investors to save for retirement by deferring taxes on investment gains until withdrawal. However, IRA contributions are limited to no more than $6,000 per year, while 401(k) contributions are based on your income and tax situation.

What Is a Precious Metals IRA?

Precious metals are types of metals like gold, silver, or platinum that are valued by investors because of their rarity and the possibility of appreciation over time. Precious metals are also called bullion because the metals are minted into bars or coins.
Precious metals IRAs offer investors a way to accumulate physical gold and other precious metals. Instead of purchasing gold in bars or coins, investors can roll over their retirement account into an IRA-owned account. The United States government allows investors to hold precious metals in their IRA as long as they follow the guidelines outlined by the IRS.
Precious metals are not like stocks or bonds, so they remain valuable even when the stock market goes up or down.

Precious Metals IRA Companies

Many precious metals IRA companies have been in the news for locking up investors' funds and stiffing them on fees.
One company, Regal Assets, has been fined $1.1 million by the Consumer Financial Protection Bureau (CFPB) for selling precious metals investments through a self-directed IRA.
Another company, Regal Assets, has been sued by New York Attorney General Barbara Underwood for allegedly failing to disclose fees charged to investors. Regal Assets is not in the business of selling precious metals. Instead, it offers custodial services for IRA and other retirement accounts.
Gold and Silver IRA companies cannot charge custodial fees. If they did, they would be in violation of IRS rules. However, they can charge other fees, such as management fees, which are legal.

American Bullion

American Bullion, LLC, headquartered in Las Vegas, Nevada, is a precious metals dealer that was founded in 2011. American Bullion specializes in gold and silver IRAs, providing physical precious metals for investors who wish to diversify their portfolios.
Upon choosing American Bullion for your retirement account, you'll be assigned a dedicated account executive. This representative will guide you through the purchasing process from start to finish, answering any questions you have along the way. You'll also be provided with free storage, insurance, and shipping.
American Bullion offers a variety of precious metal IRAs, including individual retirement accounts (IRAs), Roth IRAs, rollover IRAs, and self-directed IRAs. American Bullion also offers precious metals storage services.

Apmex

Apmex is a well-known precious metals dealership specializing in gold and silver. The company offers IRAs, ROTH IRAs, and precious metals IRAs. Apmex has a 4.1 Star Rating on Trustpilot, with reviews praising the company's quality products, customer service, and competitive pricing.

Bullion Direct

Bullion Direct specializes in precious metals bullion coins and bars. The company also offers a buy-back program, where customers can sell their precious metals to Bullion Direct at market value. The company also offers IRA and 401(k) rollovers. Bullion Direct does not charge for account setup or storage fees.
Regal Assets
Regal Assets is the third-largest precious metals dealer in the world. The company offers a variety of services, including IRAs, commodities, and bonds. Regal Assets also offers free storage. The company charges a flat-rate quarterly management fee of .75%.
Goldco Precious Metals
Goldco Precious Metals is an industry leader in precious metals IRAs. The company specializes in gold IRAs, which allow investors to buy, sell, and store physical gold in an IRA. Goldco charges no account setup fees and offers free shipping on gold and silver orders. The company charges a flat fee of .25% annually on the value of the account.

Gold Bullion International

Gold Bullion International (GBI) is a precious metals IRA company founded by gold enthusiasts and precious metals investors. It is known for its superior customer service and knowledgeable staff, who have the same passion as their customers for precious metals investments.

Liberty Gold Exchange

Liberty Gold Exchange (LGE) is a company that is committed to providing its clients with the precious metals they desire. It offers a variety of precious metals IRAs, including gold, silver, platinum, palladium, and rhodium. Clients can also purchase bullion bars, coins, and jewelry.
The company offers a variety of investment types, including cash, self-directed IRAs, and self directed precious metals accounts. Clients may choose to purchase coins, bars, or a combination of the two.
The company's website provides information to help clients determine which precious metal is best for their IRA. It also offers educational resources that assist clients in making informed investment decisions.
The company accepts checks, money orders, and credit cards.

Gold IRA: Should You Open One To Save For Retirement?

The Bottom Line

While buying precious metals through a self-directed IRA account might seem attractive, there are some serious downsides. For one, you'll have to pay taxes on any gains you make when you sell the metals.
If you're at all concerned with taxes, it might be a better idea to invest in stocks. However, the precious metals market is still a solid place to invest long-term.