The Ultimate Gold IRA Review

  • If you are considering a gold IRA rollover, you may be asking yourself, "What is the best gold IRA company?" The answer to this question depends entirely on your personal circumstances.
  • If you would like to trust a 40-year industry veteran, then consider Regal Assets.
  • If you prefer a self-directed alternative, then consider Goldco.
  • Although these two companies have a lot in common, their differences may speak for themselves.

If you are considering a gold IRA rollover, you may be asking yourself, "What is the best gold IRA company?"
The answer to this question depends entirely on your personal circumstances. If you would like to trust a 40-year industry veteran, then consider Regal Assets. If you prefer a self-directed alternative, then consider Goldco.
Although these two companies have a lot in common, their differences may speak for themselves.



Free Gold IRA kit

Pros Explained

Very low costs associated with buying gold bullion, coins, or bars.

Very low account maintenance fees.

Transfers are fast, free, and simple.

Customer service is friendly, knowledgeable, and available.

Customer service representatives answer the phone immediately.

Customer service representatives are knowledgeable and willing to answer questions.

Customer service representatives are not aggressive sales people.

Customer service representatives are not incentivized to sell you anything, but are happy to provide advice and information.

Cons Explained

Customer support is only available during normal business hours. They don't offer after-hours support.

Customer service representatives are not always knowledgeable (even when they are).

Customer service representatives are not incentivized to sell you anything, but are happy to provide advice and information.

Cons Explained

No physical gold storage available - Although Liberty Gold is a recognized gold IRA company, it does not offer physical gold storage, so you need a separate second company to store your gold.

Limited selection - Liberty Gold only offers one gold IRA product and does not offer any other brokerage services.

No business address - Liberty Gold does not have a physical office, so it can be difficult to contact the company.

No performance history - Liberty Gold does not have a track record of delivering on promises.

No customer reviews - Liberty Gold does not offer customer reviews, so you would have to rely on the company's own marketing claims and endorsements for credibility.

No firm affiliation - Liberty Gold does not have any affiliations or relationships with any firms, brokers, or banks.

Fees Explained
Liberty Gold charges an annual management fee of $1,000 for its Gold IRA, making it one of the most expensive gold IRA providers.

Available Features

Allows IRA investors to own physical gold bullion, coins, or bars

Allows conversion from an IRA to a Precious Metals IRA

Allows withdrawals of gold from an IRA

Allows unlimited contributions

Fees
Precious Metals IRAs have no annual account fees or minimum balance requirements.

Recommended Gold IRA Provider

As with most financial products, it's wise to shop around. As its name suggests, Precious Metals IRAs cater to IRA investors interested in precious metals. Of the two providers, IRA Services Trust Company (IRSC) and American Bullion, American Bullion is the better choice.
American Bullion charges a flat $150 set up fee, which is $50 less than IRSC. American Bullion's $1,000 minimum investment limit is lower than IRSC's $10,000 minimum.

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Customer Service and Support

The companies we reviewed all accept inquiries via phone, email, and live chat. However, the options available differ among providers.
AmeriGold offers phone, email, and live chat 24/7.
Regal Assets provides access to email and live chat only during business hours, but it offers live phone support Monday through Friday from 8 a.m. to 5 p.m.

Regal Assets also assigns each client an account manager and provides access to a dedicated team of specialists for more detailed questions.

IRA Financial Group has phone and email support 24/7, as well as live chat during business hours.

Customer support is a critical component of any gold exchange-traded fund. Because gold IRAs are new investment vehicles, you're likely to face a variety of questions, and some may have complex answers.

Available Pricing Plans

Goldco offers three pricing options for investments:

Individual: $1,000 minimum investment; $4.95 per trade; $50 annual maintenance fee per account.

Investor: $2,500 minimum investment; $9.95 per trade; $100 annual maintenance fee per account.

Institutional: $25,000 minimum investment; $25 per trade; $100 annual maintenance fee per account.

Goldco also charges $35 for physical delivery, $90 for coins and bars, and $95 for precious metals jewelry.

What Is a Gold IRA?

A gold IRA is a retirement account that allows you to hold physical gold in your IRA. A gold-backed IRA offers several benefits:
Security: The gold held in your IRA is not insured by the FDIC or SIPC, as is paper money.

Liquidity: A gold-backed IRA offers instant liquidity, which allows you to access your retirement funds at any time.

Investments: Gold is an asset class that offers diversification.

Upside Potential: Gold has historically outperformed most asset classes.

What is Precious Metals 401(k)?
A Precious Metals 401(k) is a retirement plan that is similar to a traditional 401(k) plan. A 401(k) plan is a retirement plan that allows an employee to contribute a portion of his or her salary to an account that can grow tax-deferred.
An employee can invest a portion of his or her 401(k) fund in precious metals. The employer can make matching contributions, which are elective and contribute pre-tax income to the account.
A Precious Metals 401(k) plan can own precious metals in the form of bullion or coins.

Where Do I Open a Gold IRA Account?

There are a handful of reputable companies that can help investors open a self-directed gold IRA, such as:
Invesco Gold & Precious Metals

Regal Assets

American Bullion

These companies have solid reputations for customer service and for portfolio diversification. You should consider contacting them and asking for a quote for setting up an IRA account.

What Is a Gold Bullion IRA?

A gold bullion IRA allows you to invest in physical gold.
A gold bullion IRA is similar to other retirement accounts in that you contribute pre-tax dollars and the money grows tax-deferred until you withdraw it with no taxes due. A gold bullion IRA, however, allows you to invest in gold bullion rather than stocks, bonds, mutual funds, and other financial products.

The gold bullion IRA is a type of self-directed IRA. This means that you, not an investment manager, make investment decisions.

Gold bullion IRAs provide several advantages.

What Is a Gold "Exchange-Traded" IRA?

A Gold IRA is essentially a self-directed IRA that can hold gold bullion, gold coins, or gold certificates. The gold is stored in a depository; there is no need to keep bullion bars or coins in storage yourself.
A gold IRA can be established at a traditional bank, brokerage firm, or investment house. It is relatively simple to set up, and the process is similar to setting up an IRA or 401(k) account.

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What Is a Gold ETF?

A gold ETF is an exchange-traded fund that invests in physical gold. Gold ETFs share many of the same characteristics of other ETFs, including being traded on stock exchanges and being passively managed.
Gold ETF prices tend to mirror the price of gold, with some exceptions. Gold ETF prices can trade above or below the price of gold due to supply and demand.
Gold ETFs are traded on stock exchanges just like common stocks. Gold ETF prices reflect supply and demand.
Gold ETFs are passively managed, meaning the portfolio manager does not actively trade the ETF.

What Is a Gold Coin?

A coin is a flat, round piece of metal with a stamped design. Gold coins are coins that are made out of gold. They can be minted by a government or a private mint. Gold coins come in two forms: bullion coins and proof coins.
Bullion coins are coins that are sold based on the value of their metal content, not the design or condition. Bullion coins have a face value, which is generally worthless. Bullion coins have at least 99.9% gold content.
Proof coins are coins that are available for sale to the public at a higher price than bullion coins. The price difference is because of the higher production quality and limited mintage. Proof coins have a face value, which is generally higher than the bullion coins. Proof coins have at least 99.9% gold content.

How Do I Buy Gold Coins?
Coins can be purchased from coin dealers, coin shops, and online coin dealers. Gold coins can also be purchased directly from the United States Mint.
The United States Mint produces bullion coins and proof coins. It also produces commemorative coins, which are only minted for special occasions.

What Is a Gold Certificate?

A gold certificate is a certificate issued by a government, a bank, or any other financial institution that entitles the holder to ownership of a certain amount of gold.
The U.S. government, for example, issues 24-karat American Gold Eagles, a gold coin that approximates a $1 face value.

Gold certificates give investors a ready-made solution to diversify their portfolios. They typically offer similar benefits to those enjoyed by physical gold - i.e., scarcity, portability, liquidity, and fungibility - but are easier to acquire and safer to store.
Gold certificates are issued by a plethora of issuers, including banks, investment houses, central banks, and governments.

What Is a Gold IRA Rollover?

A gold-based IRA rollover is a procedure that allows investors to move their existing retirement assets into a gold IRA. As long as the individual is already under the age for retirement, they can move the money to a self-directed retirement account that is allowed to invest in precious metals.
It is very similar to the traditional IRA rollover procedure, except that it allows investors to keep their existing IRA administrator while adding a gold custodian.

The gold IRA rollover procedure allows investors to move their retirement assets into a gold-based retirement account and avoid many of the restrictions that come with other retirement accounts. For example, a self-directed gold IRA rollover allows investors to buy and sell gold bullion without custodian approval. Investors can also do their own research when it comes to investing in gold.

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Another perk of the gold IRA rollover is that there are no limits on the amount of gold that you can invest in. Traditional retirement accounts, such as 401(k)s, 403(b)s and traditional IRAs, are subject to the same limits as other retirement account types. Gold IRA rollovers, however, bypass these restrictions.

What Is the Difference Between a Gold Bullion and Other Precious Metals?

Gold bullion is the purest form of gold, minted, or mined in a physical form. Gold bars, coins, and other bullion come in 1 gram, 1/10 gram, 1/4 gram, 1/2 gram, and 1 troy ounce weights.
Gold bullion is the purest form of gold, minted, or mined in a physical form. Gold bars, coins, and other bullion come in 1 gram, 1/10 gram, 1/4 gram, 1/2 gram, and 1 troy ounce weights.
Gold bullion is the purest form of gold, minted, or mined in a physical form. Gold bars, coins, and other bullion come in 1 gram, 1/10 gram, 1/4 gram, 1/2 gram, and 1 troy ounce weights.
Silver bullion is the purest form of silver, minted, or mined in a physical form. Silver bars, coins, and other bullion come in 1 gram, 1/10 gram, 1/4 gram, 1/2 gram, and 1 troy ounce weights.

Both gold and silver bullion are legal tender, and their bullion value generally doesn't fluctuate based on any market factors. For example, unlike paper currency, whose value tends to fluctuate based on the value of the economy, the price of gold bullion does not fluctuate based on any economy-related factors.

How Can an IRA Purchase Gold?

Gold is purchased through a number of ways, including:
A physical bullion coin, such as the American Eagle, Canadian Maple Leaf, and Gold Britannia

A certificate of ownership, such as a Gold IRA Rollover Kit

A Gold ETF

gold ira review

What Are the Benefits of a Gold IRA?

Gold IRAs are versatile retirement vehicles that allow you to invest in physical gold, as well as gold-related investments like gold mining stocks and foreign currencies.
Gold IRAs have several advantages over other retirement vehicles, including these:
Precious metals retain their value despite inflation, deflation, and political turmoil.

Gold is a less risky investment than stocks because its price is less volatile.

Gold is historically less volatile than other investments.

Gold is portable, making it easy to store.

Gold is a viable hedge against market uncertainty.

Gold has a track record of wealth preservation.

Will Gold Always Be Worth a Lot of Money?

No.
Gold, like any other commodity, has value because it is useful. Gold does not sit there like a gold bar waiting to be bought. Gold has no value in and of itself.
Gold is valuable because people want it. And gold is valuable because the world needs it. If you removed gold from the world, it would not go away. It would not disappear.
Gold is valuable because people want it. And gold is valuable because the world needs it. If you removed gold from the world, it would not go away. It would not disappear.
Gold is valuable because people want it. And gold is valuable because the world needs it. If you removed gold from the world, it would not go away. It would not disappear.
Gold is valuable because people want it. And gold is valuable because the world needs it. If you removed gold from the world, it would not go away. It would not disappear.
Gold is valuable because people want it. And gold is valuable because the world needs it. If you removed gold from the world, it would not go away. It would not disappear.