While many people see the stock market as their primary option for investing, the reality is that it is only of on many options. Diversifying a portfolio with other investments is an ideal way to protect your finances and secure your future. Gold, silver, and other precious metals offer just this opportunity.
When you invest some of your money in precious metals, whether through a self-directed IRA or as a personal investment, you are spreading out your investments to offer more stability should the stock market crash. In the event the stock market does crash shortly before you plan to retire or need to access your money for another purpose, your losses will be less significant if you have money invested in other areas.
Gold investment companies are designed to make it easy for individuals to diversify their portfolio by investing in gold, silver, platinum, or palladium coins and bars. Some even offer the opportunity to invest in cryptocurrencies now. A gold investment company can be an excellent resource whether you just want to pick up a few gold coins or bars to hold in your home safe, would like to pursue a large investment to be secured in a depository, or are interested in rolling over or setting up a new self-directed IRA, often called a gold IRA.
There are a large number of gold investment companies out there. While some competition is a good thing, it can also make it more of a challenge to determine which company will offer what you're looking for. We've put together reviews of five of the top gold investment companies to help simplify your decision so you can select the best company to meet your needs and secure your financial future.
Gold Investment Company Reviews
There are a lot of great gold investment companies out there but Goldco is the one we most highly recommend. They are an A+ rated company with the Better Business Bureau and also have a Triple A rating from the Business Consumer alliance. As such a trusted and well-established company, you really can't go wrong when you choose to invest in gold or silver with Goldco.
Goldco specialized in Gold and Silver IRAs, also called Precious Metals of self-directed IRAs. Setting up a Precious Metals IRA with Goldco are an ideal way to diversify your portfolio and protect you from the highly volatile stock market. As highly-sought after precious metals gold and silver both make an excellent investment. Their value has remained stable over the years and tends to rise when the economy or stock market are not performing as well.
Gold and silver are also being used more and more for manufacturing and new technologies, meaning their demand will only continue to grow as we shift into a more technologically-advanced future. When you decide to sell your investment upon retirement or a later date, you'll have no trouble getting cash for your gold or silver, which is not the case with some other investment types, like real estate.
Goldco specializes in helping its clients set up Gold IRAs. A Gold IRA is one type of self-directed IRA where individuals are allowed to hold gold, rather than stocks or bonds, in their IRA. Setting up a self-directed IRA with Goldco is simple
Visit their website, and take a few moments to fill out an application to open a new IRA. You'll then select how you plan to fund your IRA, and transfer money to the new account. Once the money has been received by Goldco, you can select the gold pieces you would like to add to your IRA.
Goldco offers both gold coins and bars for Gold IRAs. All of these coins and bars meet the IRS requirements of being 99.5% pure and can be held in IRA accounts. Below are the gold coins and bars you can choose to add to a Gold IRA with Goldco:
In addition to offering Gold IRAs, Goldco also offers Silver IRAs. Silver IRAs offer many of the same benefits of Gold IRAs in that they can help individuals diversify their investment portfolio to protect their future wealth. Silver, like gold, is a highly sought-after precious metal, making it another smart investment choice.
Since silver is less expensive than gold, you'll be able to add more to your Precious Metals IRA for the same price you'd pay to purchase just a few gold coins or bars.
Due to IRS regulations, silver must be 99.99% pure to be held in a silver IRA. Goldco offers many different IRS-approved silver coins and bars for individuals looking to add silver to their Precious Metals IRA. Below are the silver coins and bars you can add to a Precious Metals IRA with Goldco:
In addition to helping you set up a new self-directed Precious Metals IRA with gold or silver, Goldco can also help with rolling over an existing IRA into a Precious Metals IRA. Many retirement accounts are eligible for a rollover and will allow you to get your new self-directed IRA set up with the funds currently in your account. A member of Goldco's team can help you understand more about the process and determine if your retirement account is eligible for a rollover.
A Gold or Silver IRA with Goldco offers the same tax benefits as a traditional IRA. You can contribute up to $6,000 each year (or $7,000 if you're over 50 years old) to help your investments continue to grow even more until you are ready to retire. Once you are at least 59 ½, you will, be able to withdraw funds from your account without penalties.
If you are interested in learning more about Goldco and setting up a self-directed Precious Metals IRA, visit their website to request the free Self-Directed IRA guide. The guide will help you understand what Gold and Silver IRAs are, how to set them up and fund them, and the various coins and bars you can add to your account.
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#2. Augusta Precious Metals
Augusta Precious Metals is another excellent company to consider if you want to invest in gold or silver. They have received an A+ rating from the Better Business Bureau as well as excellent ratings from Google, Facebook, TrustLink, and the Business Consumer Alliance, making them a trusted company to give your business to.
Augusta Precious Metal's is dedicated to each customer and helping them receive the best possible experience. The company is committed to being transparent, simplifying the process of investing in gold and silver for the customer, and offering personalized service to meet the needs of each individual.
One of the main items that Augusta Previous Metals specializes in is helping customers set up Gold and Silver IRAs to diversify their portfolios and protect them against future stock market downturns. They strive to make the process of setting up an IRA as simple as possible and offer support each step of the way. They can also help you determine whether an existing retirement account is eligible to be rolled over into a new Precious Metals self-directed IRA.
Augusta Precious Metals offers a large selection of IRS-approved gold and silver coins that can be added to a Precious Metals IRA. Some of these coins include:
Secure storage at an IRS-approved facility is required for Gold and Silver IRAs. Augusta Precious Metals offers numerous storage options for the customers all over the United States. Some of these options include: Wilmington, Delaware, Jackson, Ohio, Salt Lake City, Utah, Los Angeles, California, Las Vegas Nevada, and Bridgewater, Massachusetts.
Another option you'll have with Augusta Precious Metals is the opportunity to purchase gold or silver for a personal investment. Investing in gold and silver as a personal investment comes with many of the same benefits associated with investing in them for a retirement savings account. You can protect your portfolio by diversifying your investments as well as protect yourself against a decrease in the value of the dollar.
To make a personal investment in gold or silver, set up your account, transfer funds, then select the coins or bars you'd like to purchase. Augusta Precious Metals offers gold and silver bullion as well as premium gold and silver for purchase. Some of the available options include:
Gold and Silver Bullion:
Premium Gold and Silver:
Purchases with Augusta Precious Metals ship for free with free insurance. Each item is securely and discreetly packaged to offer further protection.
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#3. Birch Gold Group
Since 2003, Birch Gold Group has been working hard to prioritize the need of their customers. They aim to help each of their customers find the right mix of gold, silver, platinum, and palladium to diversify their portfolios and protect their wealth. Birch Gold Group offers a knowledgeable and helpful customer service team who can help answer questions or walk you through the necessary steps for investing in gold.
Birch Gold Group can help you set up a Precious Metals IRA to diversify your portfolio. If you're interested in setting up a new IRA or rolling over an existing retirement plan, the first step is to open a new account and transfer funds to it. Once your account is set up, you'll be able to select the precious metals you want to add to it.
A member of the Birch Gold Group team will be available to help you learn more about this process and offer personalized recommendations to help meet your investment needs. After you finalize your decision, the specialist working with you will complete the purchase for you.
Precious metals purchased for an IRA must be stored in an IRS-approved depository. Birch Gold Group offers their clients a variety of storage options. One of their highly recommended choices is the Delaware Depository that offers $1 billion worth of insurance, so you can rest easy knowing your investments will be secure.
In order to be held in a self-directed IRA, precious metals must meet specific levels of purity. These include 99.5% pure gold, 99.9% pure silver, 99.95% pure platinum, and 99.95% pure palladium.
Some of the IRA-eligible coins and bars from Birch Gold Group include:
In addition to the IRA-approved gold, silver, platinum, and palladium options, you can also purchase other precious metals for a personal investment with Birch Gold Group. Some of the available gold and options include:
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#4. Regal Assets
Whether you're looking to diversify your portfolio with precious metals or cryptocurrencies, you'll want to take a look at what Regal Assets has to offer. Regal Assets was founded by Tyler Gallagher more than a decade ago and has become a highly-trusted name in the precious metals' investment business. They are a member of the Forbes Finance Council and offer a dedicated team of experienced and knowledgeable investors to help their clients make the best financial decisions for their specific circumstances.
Regal Assets can help you set up a new Precious Metals IRA. They offer a large selection of gold, silver, platinum, and palladium coins and bars that are approved by the IRS for holding in an IRA. If you want to set up a new Precious Metals IRA with Regal Asset, just complete the online form to enter the information necessary to set up an account and fund it. Once the funds have arrived into your account, you'll be able to select the coins and bars you'd like to invest in.
In addition to helping individuals set up a new Precious Metals IRA, Regal Assets can also help you rollover an existing retirement account into a Precious Metals IRA. If you are unsure whether your current retirement account is eligible for a rollover, reach out to a member of the Regal Assets team, and they can help you determine if it is eligible.
Regal Assets offers various gold, silver, platinum, and palladium coins and bars that meet the IRS' regulations. Gold must be 99.5% pure, silver, must be 99.9% pure, and platinum and palladium must be 99.95% pure to be held in an IRA. Some of the available coins and bars you can include in your portfolio with Regal Assets include:
One thing that makes Regal Assets stand out when compared with many other gold investment companies is that they also offer the opportunity to invest in cryptocurrencies. This is yet another way to diversify your portfolio and offer greater protection against the ups and downs of the stock market or a weakened US dollar. Some of the cryptocurrencies you can invest in with Regal Assets include Bitcoin, Ethereum, Tezos, Zcash, Litecoin, Stellar, and XRP.
Regal Assets also offers special investment packages. These packages are designed to simplify the investment process, which can be overwhelming, and offer pre-selected coins and bars at different price points. There are six different packages to choose from:
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#5. Noble Gold
Noble Gold is another gold investment company you'll want to take a close look at. Accredited with both the Better Business Bureau and Consumer Affairs, Noble Gold strives to help each of their clients make the best financial decisions possible without the stress or hassle that many associate with investing precious metals. Noble Gold is also a member of the Business-Consumer Alliance, the Royal Canadian Mint, and TrustLink. They are highly regarded and well-reviewed by their numerous happy customers.
Noble Gold can help you set up a Precious Metals IRA to help you protect your investments and diversify your portfolio. Gold IRAs receive all the same tax breaks that traditional IRAs receive, making them an excellent option for setting up for future financial success.
If you want to set up a new Precious Metals IRA or rollover an existing retirement account into a Precious Metals Ira, fill out the IRA set up form on the website. Once you've completed the form, a member of the Noble Gold team will call you to help you finish setting up your account and begin the process of moving funds to the new account.
After your account is funded, you can choose the precious metals you would like to have added to your new self-directed IRA. Noble Gold offers a large selection of IRS-approved gold, silver, platinum, and palladium coins and bars. Below are the options you can choose from:
If you prefer to purchase precious metals for a personal investment, rather than setting up a self-directed IRA, you can also do that with Noble Gold. In addition to being able to purchase the gold, silver, platinum, and palladium coins listed above, they also offer collections and rare coins for purchase.
All of the rare coins are independently graded and certified by the NGC (Numismatic Guarantee Corporation) or the PCGS (Professional Coin Grading Service). Each coin or collection is sent in a sealed holder to keep it in pristine collection. The rare coins and collections that are available include: Four-Piece Indian – Saint Gauden Set, 1854 Kellogg $20 Coin, and Morgan Silver Dollars
Investors may also consider one of the Royal Survival Packs offered by Noble Gold. There are eight different options that include pre-selected precious metals that are designed to meet the needs of a range of individuals. The available packs include:
When you purchase precious metals from Noble Gold, your order will be shipped securely, discreetly, and quickly to get them to your hands as quickly as possible. Noble Gold works with numerous suppliers for gold, silver, platinum, and palladium, which allows them to offer their customers very competitive pricing for precious metals. If you decide you want to sell your precious metals back, Noble Gold's buy-back program makes it quick and easy to do so.
Another huge advantage of choosing Noble Gold is that their team members are easy to work with and won't offer a pushy or hard sell. They want to help each customer make the best decisions for their personal financial needs, and don't push you to make decisions you aren't ready to make.
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Consideration in Choosing
Before choosing a gold investment company, read through our list of considerations below. Taking some time to select the right company to meet your needs will help ensure that you're satisfied with the process and receive the services you're looking for.
Reputation and Experience
As with any other investments or large purchases, you want to do your research and select a reputable and trustworthy company. Choose a company that has multiple years of experiences and high customer reviews. Looking for companies with an A+ rating from the Better Business Bureau or ones that are accredited with Consumer Affairs may provide additional peace of mind.
Next, you'll want to consider the various investment options offered by each company. First, determine whether they only offer Precious Metals IRAs, or if they provide the option to purchase gold, silver, or other precious metals for personal investments as well.
Then, look at the selection of precious metals they offer. Can you invest in gold, silver, platinum, and palladium, or will you be limited to just gold and silver? How many coins and bars are available for IRAs, and how many are available for personal investments.
Some gold investment companies also allow individuals to invest in cryptocurrencies, such as Bitcoin. If this is something you think you'd be interested in, be sure to look for a company that offers this option.
You may need to check the fine print, but you'll also want to assess the fees you'll need to pay. Will you need to pay for shipping or insurance for your precious metals? Are there yearly fees associated with IRAs? Will you be charged for anything else? Answering these questions may help you better compare two companies that you're torn between.
Customer Service and Support
Setting up a Gold IRA can be challenging. You may also be charged various fees if you don't transfer funds from an existing retirement plan to a new one. Finding a company that offers top-notch customer service is a must.
You want someone helpful who will walk you though each step in the process of either setting up a new IRA or rolling over an existing retirement account. Additionally, finding an investment company that will provide you with advice and guidance if you aren't sure exactly what you want to invest in can also be helpful
All of the gold companies we reviewed above are trusted and respected options to help you set up a Precious Metals IRA or invest in gold, silver, platinum, or palladium. However, we had to select Goldco as our top pick. There is a lot we like about Goldco.
First, they are an A+ rated company with the Better Business Bureau and have a Triple A rating from the Business Consumer Alliance. Goldco makes it easy to set up or rollover a Precious Metals IRA; their team members are very knowledgeable and helpful and will address any questions or concerns you may have.
Goldco offers a nice selection of IRS-approved gold and silver coins and bars that you can add to your IRA. Investing in gold and silver with Goldco can help diversify your portfolio and protect you against drops in the stock market.
We think you'll be happy with your decision to invest in gold or silver with Goldco. Visit their website today to request your free Self-Directed IRA guide or to sign up to get your new Precious Metals IRA started!
Frequently Asked Questions
1. Why should I invest in gold or other precious metals?
Investing in gold, silver, platinum, and palladium offer a great way to diversify your investment portfolio. Unlike the volatile stock market, precious metals typically hold their value pretty consistently. They are also in limited supply on Earth, which makes them more rare and highly sought-after.
Precious metals are commonly associated with jewelry, but the reality is that they are used in a variety of different ways which keeps them in high demand. This includes uses related to technological advancements, which will only continue to increase over the coming years.
Investing some of your money in gold, silver, platinum, or palladium will allow you to diversify your portfolio. This is highly advisable to protect you against a sudden downturn in the stock market. If all of your assets are held in the stock market and the stock market crashes right around the time you plan to retire, you could face a lot of financial stress. However, if some of your assets are held in precious metals, you will be less adversely affected.
Precious metals are also very easy to liquidate when you are ready to sell them. Since they are in such high demand, you should have no trouble finding a buyer. This is not the case with real estate or some other investment alternatives.
2. When is the best time to buy gold?
It goes without saying that you want to purchase gold when it is at the lowest price possible. While this isn't always easy, there are a few signs that can help you know if it is a good time to invest in good. Typically, the price of gold rises as the stock market drops. If you can purchase gold before the stock market is expected to take a big drop, it is probably a good idea.
Learning how to check on the stock market futures could help you predict when you should purchase gold. Hearing that a reserve bank is going to begin printing more currency is also often an indication that the price of gold is about to increase since the value of gold goes up as the value of the national currency goes down.
3. What is a Gold IRA?
A gold IRA is one type of Self-Directed IRA, or Individual Retirement Account. Gold IRAs allow individuals to invest in gold, silver, platinum, or palladium in their retirement account, rather than the stocks and bonds with a traditional IRA. Gold IRAs offer the same tax advantages of other types of retirement accounts, but may be subject to higher fees.
The benefit of choosing to set up a Gold IRA is that you'll be able to diversify your portfolio by holding some precious metals instead of all stocks and bonds. Many times, you can even roll over an existing IRA into a Gold IRA.
4. What percentage of my portfolio should I hold in gold?
The right percentage of a portfolio to dedicate to gold investments will vary by person. Consider your comfort level with different types of investments as well as your current age. If you are close to retiring, experts advise against making riskier investments. However, if you are years away from retirement, you may feel more comfortable taking a bigger risk and investing more money in gold.
You could also modify the percentage of your portfolio held in gold by closely following the price of gold and the stock market. This is riskier though, since if you don't move quickly enough you could lose a lot of money.
5. Where can I purchase gold?
Gold is available in coin shops or from bullion dealers. You may be able to find a local bullion dealer or coin shop in your area if you are interested in purchasing in person. Before visiting a dealer, you will want to read up on their reputation and business practices to make sure you choose someone reputable. It is also a good idea to determine the current price of gold and bring it with you to make sure you don't get scammed.
In addition to purchasing gold in person, there are a number of online gold investment companies. They offer a large selection of gold coins and bars as well as other precious metals that you could purchase for a personal investment or for starting a self-directed IRA. You should also check the reviews and ratings for a gold investment company before giving them your business.
6. Should all of my money be invested in gold?
No, all of your money should not be invested in gold. Gold should be used to diversify your portfolio to protect against sudden losses in the stock market. If all of your money was invested in gold, you could face similar problems to having all of your money invested in the stock market.
If the price of gold happens to decrease, your entire portfolio would decrease in value. If just a portion of your portfolio is invested in gold and the price of gold decreases, you won't take as big of a financial hit.