The term gold IRA refers to a specialized individual retirement account (IRA) that allows investors to hold gold as a qualified retirement plan. Investors with gold IRAs can hold physical metals such as gold bars or coins as well as securities related to precious metals in their portfolio. Gold IRAs are specialized individual retirement accounts that store precious metals such as gold, silver, platinum, or palladium. As with traditional IRAs, these accounts typically allow pre-tax contributions and have similar income and
contribution limits.
Augusta Precious Metals was named Best Overall by Money Magazine, Most Transparent by Investopedia, A+ by BBB and AAA by Business Consumer Alliance (BCA). Goldco is a precious metals company recommended by major media leaders such as Sean Hannity, Chuck Norris, Ben Stein, and Stew Peters. Birch Gold Group has been active in the precious metals industry for a long time. It was even described as one of the best gold IRA companies available by media figures such as Ben Shapiro
.
Gold IRA companies differ in that some allow you to choose between multiple custodian firms and depositories, while others require that you hire a custodian and depositary of your choice. A gold IRA is characterized by the fact that the account holder owns the actual precious metals, as opposed to stocks or fund shares of mining companies. It is therefore important that investors look for gold IRA companies to select a reputable custodian bank for their retirement savings. We took into account the reputation, transparency, and quality of the online education and resources they provide from Gold IRA companies
.
Some Gold IRA companies work with specific depositories, so you can easily transfer your investment to these facilities. We’ve reviewed the websites of Gold IRA companies along with consumer protection organizations such as Better Business Bureau and Business Consumer Alliance, as well as consumer review websites such as TrustPilot. Most gold IRA companies buy back gold that they originally sold to you, but repurchases are generally made at the wholesale price, which is often around 30% below the current retail price. Some investors think this is more secure — an opinion held by Gold IRA companies,
sometimes misleading.
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. Many of these companies allow investors to buy precious metals in addition to gold, which include silver, platinum, and palladium in their IRAs. To help you find the right precious metal IRA, we’ve reviewed the best gold IRA companies in the
industry.
