Given the unpredictable nature of the investment market in the aftermath of the pandemic, investors are actively seeking alternative options to counter the volatility of certain products.
Among the available choices, precious metals IRA like gold, silver, palladium, gold bullion, and platinum offer a relatively stable investment profile and long-term security.
However, investing your savings with the utmost seriousness is essential before embarking on this endeavor. When considering the inclusion of precious metals IRA in your investment portfolio, it becomes crucial to identify trustworthy companies.
To address this concern, our team has diligently researched every company operating in the industry and handpicked only those few that exhibit the highest customer service standards.
By providing you with this comprehensive selection, you can quickly evaluate the top players in the field and make an informed decision based on your specific needs and investment objectives.
In January 1998, gold was slightly below $300 per ounce, whereas in April 2023, it was valued at approximately $2,000 per ounce. There have been fluctuations throughout this period, but the overall trend has consistently risen over the past 30 years. Nevertheless, all investors must remember that past performance does not guarantee future results.
This article focuses on gold and highlights two companies that offer investment opportunities. Before delving into these companies, it’s essential to understand some fundamental rules regarding investing in gold. Firstly, it is illegal for individuals to possess any gold associated with an Individual Retirement Account (IRA) in their own homes.
Keeping gold bars at home does not provide the necessary security, and if they were to be stolen or damaged, there would be no recourse available, resulting in the complete loss of the investment.
Instead, the Internal Revenue Service (IRS) regulates precious metals investments in gold IRAs by stipulating that they must be stored in secure stockpiles, such as Fort Knox, banks, and other security-focused facilities. If you come into possession of any gold held within your IRA, the IRS treats it as a withdrawal.
Consequently, there may be penalties and taxes that you could be liable for, and in some cases, the IRS has the authority to seize some or all of your gold. There are also regulations regarding managing investment accounts, including gold IRAs. Typically, a custodian is responsible for all buying and selling precious metals activities. However, you may be able to direct these transactions in certain situations yourself.
The two companies highlighted in this article are Goldco and Noble Gold. Both companies have earned high respect within the industry. You can find out more if you are asking yourself what is the best gold ira company? Goldco has a more extended history and claims to provide “the best customer service,” while Noble Gold possesses its advantages.
Retirement Savings with Precious Metals IRA
The self-directed variant of these accounts is designed explicitly for saving toward retirement. Gold, often regarded as a “blue-chip stock,” is a stable investment option. Its returns are generally modest and accumulate over time, avoiding drastic fluctuations. Retirees often choose to diversify their investment portfolios by including gold.
In addition to gold, certain gold coins from the United States, Canada, and Australia can also be owned within such an account. However, it’s important to note that the IRS imposes restrictions on the types of assets that can be held. Collectibles, including old American Double Eagles (valued at $20), are prohibited.
Tax Benefits of Precious Metals IRA
Similar to other IRAs, Gold IRAs offer tax advantages. Either taxes are deferred when establishing the account or when withdrawing funds from it. After creating a Gold IRA, annual limits exist on the amount that can be contributed.
Custodial Gold IRA Accounts
Most regulations and advantages remain the same if you opt for a custodial account. The primary distinction is that you rely on a custodian to handle the investment transactions on your behalf. Reputable companies prioritize your best interests and aim to simplify the process.
When selecting the best gold IRA company, regardless of whether it’s self-directed or custodial, it is crucial to inquire about the individuals involved, including any custodians, and confirm if they act as fiduciaries. A fiduciary is legally obligated to work in your best interest. This ensures you are not disadvantaged if someone sells you a product solely to earn a bonus or meet a quota.
What is Goldco?
Goldco, a relatively young player in precious metals investing, has been operating for just 17 years. Its primary focus is planning, managing, and safeguarding individuals’ retirement savings. Trevor Gerstz, the company’s founder, is highly regarded by his clients and renowned for his exceptional service.
Goldco specializes in comprehensive analysis and assistance in selecting the ideal retirement account. However, it is essential to note that Goldco is not a financial planning firm and does not provide investment advice. Instead, the gold investment company equips clients with relevant information and executes their desired actions. Goldco’s customer service consistently receives outstanding praise, emphasizing its commitment to fulfilling client requests.
New clients benefit from special incentives and favorable deals when they invest and open an account with Goldco. Goldco does not engage in aggressive sales tactics, ensuring clients feel no pressure when making important decisions.
Goldco takes pride in its client-centered philosophy, allowing individuals to proceed at their own pace. The company’s cost structure is transparent and competitive compared to industry rivals, considering the value it offers.
When it comes to custodial services, Goldco collaborates with trusted external custodians. These custodians hold the precious metals added to clients’ portfolios as physical gold and silver, providing a tangible asset-backed investment. It is important to note that Goldco’s services primarily cater to long-term investments rather than short-term trading. Additionally, opening a Goldco IRA cannot be done online; individuals must request a free brochure and work with an advisor to establish their account.
However, it is worth mentioning that Goldco’s website explicitly states that their advisors are not licensed financial advisors. Furthermore, Goldco’s product selection is not extensive. The minimum investment amount with Goldco is $25,000, surpassing that of other companies, and may be unattainable for many smaller precious metals investors.
What is Noble Gold
While Goldco may be considered a relatively new player in the market, Noble Gold is even fresher on the scene. Founded in 2016, the best gold IRA company embodies a philosophy of honesty, transparency, and value, setting itself apart from its competitors. Like other firms, Noble Gold guides customers to help them make informed purchasing decisions.
One of the key advantages of this gold IRA company is its ownership of a secure storage facility in Texas, specifically designed to safeguard the gold purchased for your gold IRA. Furthermore, Noble Gold boasts a nominal annual fee; if you invest a sufficient amount, there is no fee to establish an account. Although the reputable gold IRA company has a minimum investment requirement, it is considerably lower than Goldco and many other competitors.
Noble Gold also caters to clients who wish to acquire rare silver and gold coins, as well as physical gold and silver bullion, outside the scope of an IRA. This service, known as the “Royal Survival Pack,” allows individuals to hold these precious assets. However, it is essential to note that Noble Gold may not command the same level of respect as its more established counterparts due to its youthful presence. The company’s facilities are also limited to North America, restricting international options. As a result, Noble Gold’s storage fees are relatively higher than its competitors.
When visiting Noble Gold’s website, you will not find readily available prices for the precious-metal coins; instead, you must contact the reputable gold IRA company and request a list. While the customer service experience with Noble Gold representatives is satisfactory, it may not quite measure up to the level of service provided by Goldco.
Also Read: Goldco vs. American Hartford Gold.
At Goldco, investors not only benefit from reasonable fees but also have the option to engage their custodians to manage their assets alongside Goldco. For retirement accounts up to $99,999.99, the annual fee charged by Goldco is $175, while reports of $100,000 or more incur a cost of $225.
One of the perks offered to clients is a refund equivalent to one year’s fee for every initial investment of $25,000.
On the other hand, Noble Gold charges a fee of just $80 per year. If you decide to store gold with them, an additional annual precious metals storage fee of $150 applies, regardless of the invested amount. Noble Gold entices new clients by waiving the first year’s price. Moreover, the minimum investment required to get started is only $5,000, making it one of the lowest thresholds in the entire market.
Consider Noble Gold for Your Precious Metals Needs
True to its name, Noble Gold is an excellent choice for securing and safeguarding your wealth.
Setting itself apart from other firms, Noble Gold encourages clients to adopt a long-term perspective on their investments, offering expert guidance to help them achieve their financial objectives.
Committed to fostering strong relationships with investors, Noble Gold has significantly enhanced its customer support, storage solutions, and fee structures. Take a look at the details below.
Exceptional Customer Service
Dedicated to financial education, Noble Gold equips its clients with the necessary tools for prudent investment decisions, tailored options that suit individual needs, and adequate protection of retirement funds.
In addition to facilitating seamless Gold IRA rollover for existing account holders, Noble Gold presents unique retirement alternatives through its Royal Survival Packs.
Signing up with Noble Gold is quick and hassle-free, requiring just a few minutes to complete an online form and connect with a representative. The Gold IRA company guarantees all customers a response within 24 hours or less.
Transparent Fees and Expenses
To establish a precious metals IRA with Noble Gold, a minimum investment of $2,000 is required.
While Noble Gold does not charge any fees for setting up a Gold IRA, it has higher storage fees than its competitors. On average, segregated storage in Texas amounts to $150 per year, with a custody fee of $80.
Secure Storage Options
Noble Gold partners with International Depository Services, allowing for the establishment of highly secure depositories in Texas. This proactive measure sets Noble Gold apart from other precious metals companies in the precious metals industry.
Clients outside Texas can still invest in precious metals IRAs with Noble Gold, but the available storage options are limited.
Goldco: Leading the Gold IRA Market with Unmatched Service
With an impressive track record spanning the past decade, Goldco has solidified its position as one of the premier Gold IRA companies.
Setting up a Gold IRA with Goldco is a breeze, thanks to their streamlined process that guides customers through just a few simple steps. But what truly sets Goldco apart is its commitment to delivering personalized services tailored to individual needs.
Goldco stands out among Gold IRA companies for its genuine concern for investors and dedication to safeguarding their financial future. The company has garnered praise for its exceptional customer service, comprehensive storage options, and competitive costs.
Goldco’s Unparalleled Customer Service
Goldco prides itself on providing top-tier customer service. Numerous clients have lauded the company’s responsive agents, who willingly explain the intricacies of setting up an account.
The company’s support team, comprised of industry experts, is available round the clock, ensuring clients can access professional guidance. Moreover, Goldco offers an extensive array of investment options to cater to the diverse needs of its clientele.
Competitive Expenses and Fees
When selecting a company to open a Gold IRA account, expenses and fees play a crucial role.
Although Goldco’s rates may not be the absolute lowest in the industry, they remain highly competitive. Setting up a Gold IRA incurs a nominal one-time fee of only $50, while storage costs amount to $100 monthly.
Furthermore, Goldco waives fees for the first year for clients who initiate their investments with an initial deposit of at least $50,000. This feature makes it an excellent choice for first-time investors seeking to protect their savings.
Versatile Storage Options
Goldco provides an array of advantageous storage options for precious metals. The company maintains partnerships exclusively with trusted, third-party vaults that offer secure and approved storage solutions.
Goldco offers a choice between segregated and non-segregated vaults for those interested in purchasing physical gold or silver. This means clients can decide whether to receive the same units they deposited or opt for different ones.
Goldco’s primary storage option is the state-of-the-art non-segregated Delaware Deposit facility, designed to provide maximum protection for precious metals. However, should clients have a preferred storage site or wish to diversify their assets, Goldco accommodates their preferences.
In summary, Goldco’s exceptional services, unwavering customer support, competitive pricing, and versatile storage options make it a leader in the Gold IRA market. For investors seeking a reliable partner to safeguard their wealth, Goldco stands out as an ideal choice.
Goldco: Pros and Cons
When it comes to gold IRA investments in precious metals, Goldco stands as one of the most reputable gold IRA providers in the industry today.
Goldco has built a strong reputation and garnered numerous positive reviews from its clients, including endorsements from trusted public figures.
However, one of Goldco’s notable advantages is its buyback guarantee, allowing investors to sell their gold or silver in emergencies.
Goldco understands that unforeseen circumstances can arise at any time. Your saved gold coins could prove valuable in such situations, whether medical bills or home repairs after an accident.
Goldco has implemented a buyback system to ensure its customers receive the best ps for their precious metals during unforeseen events.
Goldco remains an excellent option for most investors, offering several other advantages, including:
- Outstanding customer service with multiple communication options.
- Cost-effective storage facilities for silver and gold investments.
- Flexible storage options tailored to individual preferences.
- Over a decade of experience in providing Precious Metal IRAs.
- Competitive rates.
Nevertheless, like other Gold IRA companies, Goldco also has certain disadvantages, such as:
- A high minimum deposit requirement is currently set at $25,000.
- Inability to create a gold or silver IRA account online.
- Fee structures can be challenging to determine, as prices vary based on investment levels.
Goldco maintains a AAA rating from the Business Consumer Alliance, further emphasizing its credibility.
Noble Gold: Advantages and Disadvantages
Noble Gold can be considered a reputable provider for investors seeking to invest wisely in gold coins or other precious metals.
In addition to offering high-quality .9999 fine gold and other precious metals, this company ensures the safe delivery of gold and silver products throughout the United States.
Recognizing the demand for precious physical metals, Noble Gold provides accessible packages suitable for various types of investors.
Their “Royal Survival Packages,” starting at $10,000, enable investors to acquire gold and silver coins of different denominations or bars, offering coverage for any potential scenario.
Moreover, Noble Gold highlights the following benefits:
- Convenient, fast, and accessible purchase process.
- An extensive catalog featuring a range of rare coins.
- Storage options based in Texas.
- The low minimum investment for Gold IRA accounts.
However, it is important to note certain drawbacks associated with Noble Gold, including:
- Relative newness in the market compared to most competitors.
- Limited offering of Gold and Silver IRA options without platinum or palladium.
- Less favorable rating from the Better Business Bureau.
Verdict: Which Gold IRA Company Reigns Supreme?
Searching for the top gold IRA company?
If you’re considering adding physical gold to your precious metals investment portfolio, Noble emerges as a compelling choice!
With its investment packages, this company has streamlined the complex process of acquiring precious metals. Moreover, you can rely on their representatives for expert guidance.
Nevertheless, when it comes to this review, Goldco takes the crown. It secures the highest customer satisfaction ratings, primarily due to its buyback guarantee, surpassing its competitors!
Furthermore, Goldco has garnered impressive accolades from reputable institutions like the Better Business Bureau and the Business Consumer Alliance for its ideal resolution of customer issues. Only a handful of the best gold IRA companies offer such exceptional service!
Investors seeking simplicity also trust Goldco, as this Gold IRA provider ensures a hassle-free precious metals IRA account setup and special metal purchase. With just three steps, you can attain the peace of mind you deserve for retirement!
Other Gold IRA Companies: