Investing in gold makes perfect sense for future retirees. Opening a gold IRA gives investors the opportunity to hedge against inflation and diversify their portfolio at the same time. 

Investing in the stock market is a gamble at best. You never know when it’s finally going to bottom out and come completely crashing down. With gold diversification, your IRA investments will help offset potential stock market drawdowns and losses. 

Plus, inflation is a serious problem. The price of gas, groceries, goods, and services are becoming more expensive as of late. Gold investments offset price increases, because the value of gold increases in tough inflationary environments as well. 

I highly recommend opening a gold IRA to round out your retirement portfolio. There are a number of reasons to begin investing in gold, silver, platinum, and palladium. 

Would you like to learn about them? Keep reading to discover the truth.

The Foremost Reasons to Consider Gold IRA Investing

To get a better handle on the benefits of gold IRA investing, please consider the following advantages: 

  • The value of gold is steadily increasing. In fact, the gold price has increased by more than 50% in less than two years. And it’s increased by more than 800% in the past 20 years. 
  • Gold investments act as a hedge against inflation. Now that the US is once again dependent on foreign oil, the price of gas is on the rise. This trickles down into every area, causing price increases for food, goods, services, rent, entertainment, and much more. Your gold IRA investments will help offset these major price increases. 
  • The demand for gold is at an all-time high. Major investors, world superpowers, and financial institutions are buying physical gold in droves. This increases the value of gold, making this investment a potentially lucrative opportunity. 
  • US dollar purchasing power has weakened in recent years, while the value of gold has grown stronger. Since the late 1990s, US dollar purchasing power is in a negative trend. Ordinary people need more money to purchase goods and services. In 1998, it cost $1.09 to purchase a dozen eggs. Today, the average price of a dozen eggs is $1.64. It may not seem like much, but it really adds up. 

I strongly recommend learning about each of the gold IRA companies operating in this space. These organizations work diligently to provide great customer service and wonderful experiences for their clientele. They will work hard to make sure you are happy and satisfied every step of the way.

I don’t know about you, but I certainly appreciate the solid effort put forth by the best companies in this space. Investing in gold is a scary thing, but these wonderful organizations help put your mind at ease. They provide knowledge, wisdom, and understanding unlike lesser companies in this field.

Gold IRA Company Evaluation Techniques: Using the 7 Critical Factors to Appraise Precious Metals Companies

Discovering the ideal gold company might seem difficult on the surface. Instead of blindly picking a random company for no rhyme or reason, you can use the 7 critical factors. In fact, I used these critical factors to determine the top 10 gold companies in the industry right now. 

You can trust my judgment or you can evaluate each company yourself. Below is an explanation of the 7 critical factors in full detail.

1. Online Peer-Reviewed Ratings

Reading online peer-reviewed ratings is a good place to start your journey. You’ll learn valuable information from ratings agencies who’ve evaluated each business. 

They’ll share important information including the following: 

  • Complaints against each company in the past 3 years 
  • Complaints against each company in the past 12 months 
  • A numerical or star rating supplied by former customers 
  • Contact info and detailed business information 

Customer reviews are incredibly eye-opening. They provide unique insight into customer likes, dislikes, and so much more.

2. Types of Precious Metals: IRA Eligible Coins, Bars, & Rounds

Gold IRA investors have an opportunity to purchase physical gold, silver, platinum, and palladium in this account. Not every gold bar or silver coin meets the IRS’s purity eligibility requirements though. 

The requirements are as follows: 

  • Gold purity – 0.995% or higher 
  • Silver purity – 0.999% or higher 
  • Platinum purity – 0.9995% or higher 
  • Palladium purity – 0.9995% or higher 

When you evaluate a company, make sure they sell precious metals that meet these purity requirements. Many gold companies also sell ineligible coins, rounds, and bars, so keep this in mind.

3. Precious Metals Buyback Program

Industry-leading gold companies tend to provide their customers with a buyback program. This program is important because you can sell your precious metals back to your broker at current market value. 

Answer the following questions before picking a gold company: 

  • Will they repurchase my precious metals? 
  • Do they pay current market value? 
  • Do they purchase them and pay quickly? 

The top gold companies typically pay for buyback purchases within 24 hours of receiving the item. Remember, to receive your payment you must ship your metals to the broker from your storage facility, which takes about a week. So, 24-hour shipping turnaround is outstanding because the quicker the gold is shipped to your broker, the faster you’ll get paid. 

4. Stockpiling

Your stockpiling options are as follows: 

  • Co-mingled – this stockpiling selection keeps your precious metals investments in a stored vault shared with other people. It’s a safe, effective, and less expensive way to keep your precious metals secured. 
  • Segregated – this stockpiling selection is the one many investors prefer and it’s also my best recommendation. Your precious metals will remain safely stored in a secure vault. This vault is dedicated to your investments and no one else’s. 

Stockpiling fees can get expensive depending on the gold company you’ve chosen. On average, typical IRA custodians tend to charge $325 per year in storage fees. 

Top gold companies have relationships with IRA custodians that can help you save money. By doing business with the best companies, you’ll only pay $150 or less per year, which is certainly much cheaper.

5. IRA Fees

After narrowing down the top three gold companies, we’ve determined that their IRA fee structures are as follows: 

Goldco Fee Structure 

  • $100 per year for co-mingled stockpiling 
  • $150 per year for segregated stockpiling 
  • $80 per year administration fee 
  • $30 per wire transfer
  • $50 one-time gold IRA setup fee 
  • First year fees waived ($50,000 or more deposit required)
  • 5% back in free metals on any qualified order over $50k 

Birch Gold Fee Structure 

  • Minimum investment of $10,000 to open an account 
  • $100 per year for co-mingled stockpiling 
  • $150 per year for segregated stockpiling 
  • $80 per year administration fee 
  • $30 per wire transfer 
  • $50 one-time gold IRA setup fee
  • First year fees waived on IRAs over $50,000
  • Free shipping for cash purchases over $10,000
  • Up to $10,000 in free precious metals on qualified purchases

Regal Assets Fee Structure 

  • $110 per year for segregated stockpiling 
  • $80 per year administration fee 
  • Administration and stockpiling fees paid on your behalf for 1-3 years based on account size
  • First year’s fees waived on all IRA’s 

Also, please note the following: 

  • it’s typically free to initiate a gold IRA rollover or transfer when doing business with the best gold companies.

6. Service & Delivery Time

Top gold companies provide excellent customer service and work quickly and efficiently. They focus on quick delivery for their customers and providing complete satisfaction. 

The best companies will set up your gold IRA account in 48 hours or less. Even better, they’ll take seven days or less to have your gold and other precious metals delivered to the depository.

7. Customer Support & Salesmanship

My favorite precious metals companies provide high-level customer support. They also avoid using pushy sales tactics. Other companies attempt to convince you to purchase investments that you do not want or need. And their customer support is severely lacking. 

And without further ado, here is the part you’ve all been waiting for. The Top 10 Gold IRA Companies:

Top 10 Gold IRA Companies

#1. Best of the Best

  • The yearly administrative fee at Goldco is incredibly affordable and worthwhile since it’s only $80 per year
  • Co-mingled stockpiling costs $100 per year and segregated stockpiling costs $150 per year, which are both very fair prices
  • Gold IRA rollovers and transfers are initiated at the customer’s request and because Goldco looks out for its customers, they are free of charge

Goldco sits comfortably in the #1 spot because this company truly excels in all areas across the board. I appreciate that they have longevity in this business. They were originally founded in 2007 and the company is still going strong.

Even better, they’ve created an amazing website for their customers. It showcases their top gold and silver precious metals IRA investments, provides educational resources, and the info being shared is completely transparent.

More importantly, this industry expert truly cares about its customers. They have such a knowledgeable and understanding staff that I’d be hard-pressed to find one that can compete with them. I constantly read positive messages about their salespeople, specialists, and dedicated team.

They are ready and willing to help you initiate a gold IRA rollover or transfer as soon as you’re prepared to take the plunge. So contact them right away.

Read Full Review

#2. Best Ratings

  • The company offers their customers very inexpensive stockpiling fees, which are currently some of the best in the industry. Pay $100 per year for co-mingled stockpiling expenses and $150 per year for segregated stockpiling expenses.
  • This gold IRA company has 18 years of successful experience under their belt. They are considered the gold standard in the precious metals IRA industry and have numerous 5-star reviews to back up this claim.
  • They are willing to buy back precious metals from their customers at fair market value whenever necessary. The state of California inhibits them from guaranteeing their buyback program, but they’ve never refused a customer to date.

Birch Gold has landed in 2nd place on this list for very good reason. For starters, the company has tremendous longevity. They have successfully satisfied their customers for more than 18 years and counting. This goes a long way in the precious metals industry.

I also appreciate their top-level celebrity endorsements. In particular, rockstar investors like Steve Forbes, Peter Schiff, and Jim Rogers believe strongly in this organization. And political pundit Ben Schapiro has nothing but good things to say as well.

More than anything, Birch Gold has a fantastic reputation amongst its customers. They’ve literally received thousands of 5-star reviews throughout the years, with many more to come.

Read Full Review

#3. Top Gold IRA

  • They offer the least expensive stockpiling fees in the business for their segregated stockpiling. Investors are only required to pay $110 per year for segregated stockpiling. And the first year’s fees are waived.
  • The company has more than 10 years of experience in this industry. They’ve achieved tremendous success with precious metals IRA rollovers. And they have lots of happy customers and a plethora of 5-star reviews on the top peer-reviewed websites.
  • Their customers must make a minimum $10,000 investment to open a precious metals IRA via rollover or transfer. After you make this investment, Regal Assets is willing to waive their administration fees, account setup fees, and first year’s storage fees.

Regal Assets is a wonderful company that deserves to be in 3rd place on my top 10 list, which you can read here. The company has tremendous success and they’ve impressed their clientele for over a decade now.

I like that so many people are willing to endorse this company. And they’ve received many industry awards and accolades over the years. This includes prestigiously being added to the Top 20 Inc. 500 financial services business list.

Do yourself a favor and get started with Regal Assets right away. Visit their website and share your name and email address with them. They will give you a free gold investor’s kit for your troubles.

Read Full Review

#4. Excellent Services

  • They have 8 successful years in the precious metals IRA industry
  • They offer a buyback program to their customers
  • They offer segregated or co-mingled stockpiling
  • They provide free depository or direct shipments and insurance to their customers

Augusta Precious Metals is ranked #4 on my top 10 list. This successful company has excellent ratings and reviews on the top online review websites. Many happy customers have provided flawless reviews about this business and shared them online. Their service is excellent, their staff is open and honest with their customers, and they provide friendly and professional services. This precious metal broker is a company that you can trust.

Read Full Review

#5. Top Education

  • The company was founded by famous Rich Dad Poor Dad advisor Mike Maloney
  • They have a buyback program in place for their customers
  • They use IDS and Brinks Global Services for storage
  • They charge a $50 setup fee
  • Their storage fee is 0.06% per month with a $4 minimum

Goldsilver is ranked #5 for a very good reason. They focus on providing investor education and their founder, Mike Maloney, has an excellent reputation in this regard. They also charge competitive prices, have the right policies in place, and practice what they preach. Investors will benefit tremendously when doing business with Goldsilver. They have good customer service, a solid reputation, and they’ve received many accolades throughout the years.

Read Full Review

#6. Excellent Customer Service

  • They are known for their excellent customer service and support
  • There is a buyback program in place for their customers
  • They offer segregated and co-mingled stockpiling
  • They quote fees & shipping charges over the phone

Cornerstone Bullion is ranked 6th on my top 10 list. They’ve received this high-ranking position because they provide a wide range of gold and silver products. The company only does business with trusted depositories including Dakota Depository, Delaware Depository, Idaho Armored Vaults. And The Entrust Group is their favorite IRA custodian of all. Customers love doing business with this organization because they answer questions and alleviate concerns fast.

Read Review

#7. Great Industry Reputation

  • They are one of the industry leaders for precious metals IRA rollovers
  • Their gold buyback program is firmly in place
  • They provide co-mingled or segregated storage through Brinks and Delaware Depository
  • They charge a 0.40% annual fee and broker commissions

Advantage Gold has the distinct honor of ranking 7th on my list. I feel comfortable recommending this company for a number of reasons. Although more expensive than other options, they have a great reputation in this industry. Their customer service and support are fully professional, and the account creation setup process is easy to implement and understand. They’re helpful to beginners and they’re an excellent choice for anyone new to the precious metals IRA industry.

Read Full Review

#8. Convenient Buyback Program

  • They offer a wide array of gold, silver, platinum, and palladium IRA approved precious metals products
  • • They buy back precious metals under the “Sell to Us” tab on their website
  • Citadel Global Depository Services charges low annual fees between 55-150 basis points
  • They work with numerous custodians including The Entrust Group, Goldstar Trust Company, Equity Trust, and Kingdom Trust

APMEX is ranked 8th on our list for good reason. For the most part, customers seem to have a positive experience while doing business with this company. They process orders quickly and efficiently. Their customer service staff is easy to talk to and they’re willing to answer every one of your questions. Their website is simple to understand and easy to navigate. And they deliver their products quickly in secure and discrete packaging.

Read Full Review

#9. Over 50 Years in the Business

  • Company founder Louis E. Carabini has more than 50 years of experience in the precious metal space
  • They have a “Metals Buy Back Program” for customers who need to quickly sell their precious metals investments
  • They work with the leading IRA custodians and depositories according to their website

Monex is 9th on our list because of the 50+ years of experience that Louis E. Carabini brings to the table. This company specializes in providing high-quality bullion coins and bars in the form of platinum, palladium, silver, and gold. According to their company literature, roughly 80% of their business is repeat business. This means they have many happy customers that continue to buy precious metals from them over and over again.

Read Full Review

#10. Wide Range of Services

  • They offer a wide range of services to their customers
  • They have an effective precious metals buyback program in place
  • They are fully insured by Lloyd’s of London
  • They store precious metals with CNT Depository

California Numismatic Investments is the 10th precious metals broker on our top 10 list. They provide independent services and encourage their customers to invest through a precious metals IRA. Their preferred custodian is Goldstar Trust Company, who has an excellent reputation. And according to previous happy customers, their annual service fees are reasonable. You’ll also have to pay a fee to their recommended IRA custodian as well, so keep that in mind.

Read Full Review

Bottom Line

You undoubtedly recognize the need to choose a trusted gold company as you begin your precious metals IRA journey. I worked hard to narrow down my list to the top 10 gold companies out of hundreds of potential candidates.

What makes these businesses special? What makes them stand out amongst the rest? Each of these companies excels in the following areas: 

  • They provide excellent customer support 
  • They offer their customers knowledge, wisdom, and experience
  • They have the best prices in the industry 
  • They have an excellent reputation on online ratings websites 
  • They pass muster with the BBB, BCA, and Trustlink 
  • They go above and beyond to make sure their customers have the best experience when doing business with them 

Need I say more? Consider the top 10 gold companies and pick your favorite based on the 7 critical factors today.