7 Best Gold IRA Companies in 2023

Though many people favor traditional individual retirement accounts (IRA), savvy investors may opt for alternatives, like precious metals. Being a more stable and secure investment, gold and other metals have become a lucrative choice in 2023. Hence, it has become a hot topic, with many IRA companies working on drawing the attention of potential investors.

However, only a few offer beneficial conditions and terms. Knowing them in advance will give you peace of mind that your investment is safe and in good hands.

Read on to learn everything you need to know about the benefits of gold IRAs and the best providers to work with.

Best Customer Support

Goldco

4.5/5

  • Over a decade of experience handling Gold IRA accounts
  • Low Yearly Fees (with first one waived)
  • Exclusive new-client promotions
  • Outstanding customer service

Best Pricing

Augusta Precious Metals

4.5/5

  • Joe Montana is a corporate ambassador
  • One-on-one conference
  • Simple account opening process
  • Extraordinary customer service

Lowest Fees

Noble Gold Investments

4/5

  • Flat-rate fees
  • Low minimum investment
  • High ratings and reviews from trusted organizations.
  • Advisors and customer service are top-notch

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Precious metals spark images of wealth and prosperity, don’t they? Gold, silver, and platinum have marked wealth and prosperity for centuries, and that’s not likely to change soon.

That makes investing in precious metals an exceptional way to secure your retirement. Gold IRAs might be the key to securing investment for a carefree future. We’ve seen market turmoil too often over the past few decades.

In many cases, it has cost good people large portions of their retirement funds. With the push to diversify and find more stable investments, precious metals emerged as a robust option.

At first glance, a gold IRA may feel like chasing the shiny toy, but if you dig a little deeper, it’s a wise decision. A diverse portfolio is your best defense against market instability, and choosing something that retains value could give you a stronger sense of security.

Of course, as with any investment, there are crooks promising all that glitters only to deliver a poor knock-off. Fortunately, investing in precious metals isn’t new, and the 7 best gold IRA companies have a reliable system, solid business ratings, and long-term customers.

The Best Gold IRA Companies Reviews for 2023

Company

Best For

Goldco

Best Customer Support

Augusta Precious Metals

Best Pricing

Noble Gold Investments

Lowest Fees

Birch Gold Group

Best Customer Service

American Hartford Gold

Lowest Minimums

Advantage Gold

Most Educational

Hard Assets Alliance

Best Security

A Detailed List of the Top Gold IRA Companies

Choosing the best gold IRA companies to work with wasn’t easy, but we narrowed the list to a few select categories to help you decide. From best overall to high-quality customer service, each company on our list contributes something unique to the industry.

We have included the most important information that may interest a potential investor, including key features, pros and cons, and a right-to-the-point description.

Goldco

Best Customer Support

4.5/5

Key Features

  • Over a decade of experience handling Gold IRA accounts
  • Low Yearly Fees (with first one waived)
  • Exclusive new-client promotions
  • Outstanding customer service

Important Information

Account Minimum:

$25,000

Fees:

$175-$225/year

Current Promotions:

5% back on metals over $50k

Pros

  • Over a decade of experience handling Gold IRA accounts
  • Low Yearly Fees (with first one waived)
  • Exclusive new-client promotions
  • Outstanding customer service

Cons

  • Online account setup is not supported.
  • Initial IRA deposit of is $25,000.

Augusta Precious Metals

Best Pricing

4.5/5

Key Features

  • Joe Montana is a corporate ambassador
  • One-on-one conference
  • Simple account opening process
  • Extraordinary customer service

Important Information

Account Minimum:

$50,000

Fees:

$180/year

Current Promotions:

Fees waived (depending on the investment amount)

Pros

  • Joe Montana is a corporate ambassador
  • One-on-one conference
  • Simple account opening process
  • Extraordinary customer service

Cons

  • Don’t offer platinum or palladium bullion
  • Thorough and transparent process takes slightly longer

Noble Gold Investments

Lowest Fees

4/5

Key Features

  • Flat-rate fees
  • Low minimum investment
  • High ratings and reviews from trusted organizations.
  • Advisors and customer service are top-notch

Important Information

Account Minimum:

$2,000

Fees:

$225/year

Current Promotions:

Incredible precious metals buyback program

Pros

  • Flat-rate fees
  • Low minimum investment
  • High ratings and reviews from trusted organizations.
  • Advisors and customer service are top-notch

Cons

  • Storage options are not internationally available
  • Only available to U.S. residents

Birch Gold Group

Best Customer Service

4/5

Key Features

  • High business ratings from trusted sources
  • Educational resources on precious metals and IRAs.
  • Competitive Prices
  • Excellent customer service

Important Information

Account Minimum:

$10,000

Fees:

$180/year

Current Promotions:

Receive $1,000 in free silver (depends on investment amount)

Pros

  • High business ratings from trusted sources
  • Educational resources on precious metals and IRAs.
  • Competitive Prices
  • Excellent customer service

Cons

  • Only available to customers in the U.S.
  • $10,000 minimum for non-IRA purchases

American Hartford Gold

Lowest Minimums

4/5

Key Features

  • Low investment minimum
  • A+ rating with Better Business Bureau
  • Low annual fees
  • Price match guarantee

Important Information

Account Minimum:

$10,000

Fees:

Up to $150/year (charged by the custodian)

Current Promotions:

Receive up to $1,500 in free silver (with a qualifying purchase)

Pros

  • Low investment minimum
  • A+ rating with Better Business Bureau
  • Low annual fees
  • Price match guarantee

Cons

  • International investment options are limited
  • Only available for U.S. customers

Advantage Gold

Most Educational

4/5

Key Features

  • Buyback services available
  • U.S. Mint approved dealer
  • Exceptional customer service
  • Easy to liquidate your investment retirement account.

Important Information

Account Minimum:

$25,000

Fees:

$225/year

Current Promotions:

Invest $50,000 (waives all fees for the first year )

Pros

  • Buyback services available
  • U.S. Mint approved dealer
  • Exceptional customer service
  • Easy to liquidate your investment retirement account.

Cons

  • Online purchase not available
  • A relatively new company

Hard Assets Alliance

Best Security

4/5

Key Features

  • Competitive pricing
  • Easy to open an account
  • Different account types
  • Great storage options

Important Information

Account Minimum:

N/A

Fees:

Storage Fees: 0.7%/year

Current Promotions:

$5/month minimum per account; waived for accounts with MetalStream activated.

Pros

  • Competitive pricing
  • Easy to open an account
  • Different account types
  • Great storage options

Cons

  • No transparency
  • Lack of customer service

What is a Gold or Precious Metals IRA?

An IRA, or individual retirement account, is meant to see you through the retirement years. Traditional IRAs can involve various investments, like a 401(k) program, while gold and precious metal IRAs rely on stocks in gold companies or physical products, like coins.

Benefits of Having a Gold IRA

Investing in precious metal IRAs could carry significant benefits if you handle them properly. Keep in mind that precious metal IRAs, like any other investment, should only make up part of your portfolio.

Tax-free growth

Though the IRS has guidelines and rules for gold IRAs, they also provide some special benefits for using them. Contributions are tax-deductible, and you have some tax-free rollover options.

Security

As we’ve seen time and again, banks, stocks, and paper money can rise and fall. Gold and other precious metals offer more security in uncertain times because they remain almost universally coveted.

Diversification

Spreading your investments around and choosing a combination of assets builds a more diverse portfolio. The diversification approach limits the risk of loss and helps you survive any market volatility.

Capital appreciation

Gold prices change like anything else, but they trend toward increases, often substantial, making them a solid investment plan. Likewise, other precious metals follow a similar trend, though they all differ slightly.

Limit inflation

Though gold prices trend upward, they usually run opposite paper money and stocks, meaning they may protect you against inflation. When stocks and other paper assets plummet, you can rely on precious metal IRAs to hold their own and keep you afloat.

Gold IRA Rules & Regulation

The best gold IRA companies know the rules and regulations so that they can stay in business. However, as the investor, it helps to have an idea about what to expect before you enter into an investment.

Gold standards

We’ve come a long way from the days of the 49ers prospecting for gold, but just like those days, investors have standards. You can’t use just any gold for an IRA, it must meet requirements outlined by the Internal Revenue Service (IRS), including a minimum fineness.

Unfortunately, not just any gold qualifies for an IRA. Even some of the most valuable collector’s coins fall short of the minimum fineness ratings, making them collectibles instead of assets.

Gold and other precious metals must meet fineness standards of .999 or 99.9%.

Purchase through a custodian

Also, unlike the prospectors of old, you can’t take any gold you find or possess and shift it into an IRA. You must purchase precious metals through an IRS-approved custodian.

Special storage

If a gold IRA gives you the image of opening a lockbox in your home whenever you feel the need to gaze upon your investment, you are in for a surprise. The physical gold, or other precious metals, must remain within a bank or IRS-approved trustee.

Many providers allow you to choose segregated or non-segregated storage. Segregated storage means your precious metals have their own space in the facility, while non-segregated vaults contain gold belonging to several people.

Required minimum distribution

Like most IRAs, gold and precious metals have required minimum distributions (RMD). While it may not be an issue some years, other years you may end up struggling to sell the gold at an optimal time to meet that minimum and avoid penalties.

FAQ’s

Once you determine that a gold IRA is right for you, it helps to know how to set on up. Though you may not want to rush into anything, you be surprised by how easy it is.

While it would be awesome to have a chest of gold, most of us aren’t pirates or treasure hunters. Investing in a gold IRA means that you own the gold, but it must remain stored within an IRS-approved vault. The United States permits six institutions to manage the gold:

– Brinks Security
– JPMorgan Chase Bank North America
– Delaware Depository
– CNT Depository
– Scotia Mocatta
– HSBC Bank USA

While these companies primarily use storage locations in America, most offer some international options in major cities around the globe, including London, Dubai, and Zurich. Note that the IRS still approves the off-shore storage options for gold and precious metals.

Gold IRAs work much like any other IRA with set contribution limits and rules about distribution and withdrawal. The difference is the actual holding. With stocks and bonds, you have a piece of paper detailing the assets, but a gold IRA uses physical items, like a coin.

As noted above, gold IRAs can also involve stocks in a gold mining or production company, mutual funds that invest in gold, or gold exchange-traded funds. However, most gold IRAs involve storing physical pieces in a vault.

Self-directed IRAs refer to a subcategory of individual retirement accounts that involve alternative investments. Custodians or trustees handle the investment, but the individual manages it.

For example, with a gold IRA, you must purchase the precious metals through an IRS-approved custodian. However, you decide to make the investment and determine if and when to sell or withdraw.

IRA custodians hold your investments and ensure that they follow all applicable rules and regulations. Before working with an IRA custodian, make sure they provide proof of IRS approval.

This question can be tricky. Generally, the IRS considers most precious metals to be collectibles. However, there is an exception for IRA investments in certain precious metals, including American gold coins.

How to Invest in a Gold IRA

Once you determine that a gold IRA is right for you, it helps to know how to set one up. Though you may not want to rush into anything, you may be surprised by how easy it is.

Step #1: Choose a gold IRA provider

Since you need to go through an IRS-approved custodian, that’s the best place to start. It’s important to find a reputable company to work with but note that some brokers may suggest custodians they know.

Doing your homework is crucial to protect yourself and your investments. Since you’re developing a self-directed IRA, many firms don’t offer support for choosing a gold broker or custodian.

As you research companies, don’t be afraid to ask questions and dig deep.

  • Look for transparency, especially regarding fees and minimum thresholds.
  • Check the company’s history from objective sources, like the Better Business Bureau and other review sites.
  • Make sure the company possesses all necessary licenses, registration, and insurances. Remember that the company must be IRS-approved to handle a gold IRA.

As a final note about choosing a provider, don’t underestimate your gut feeling. If a company seems too good to be true or doesn’t seem to offer a personal experience, it may not be the right fit.

Step #2: Begin rollover or transaction process

Establish the self-directed IRA account and set up your contribution. You could also roll over funds from qualified plans. Make sure you meet all minimums and work within the established contribution limits.

Step: #3: Invest in gold or precious metals

While you can’t buy just any gold or silver, you have some options. Depending on the provider you chose, they may provide you a selection of dealers to use. Again, everything you purchase must meet the IRS guidelines to work for a gold IRA.

Next Steps

Diversifying your investment portfolio with gold IRAs gives you power over your future and more security in uncertain times. There’s no such thing as guaranteed, but precious metals have more or less retained value for centuries.

Now that you know the best gold IRA companies and what it means to invest in precious metals, why not take the leap? Invest in something shiny for your future self!

Best Customer Support

Ranked #1 for Best Pricing

When it comes to customer service, fees, safety, and overall customer satisfaction, Goldco checks all of the boxes.