Gold IRA Company Reviews


Choosing the right Gold IRA company is just as important as choosing the right elements to include. An appropriate Gold IRA company will provide free printed material regarding a Gold IRA that can be examined and digested. They will also provide a representative that can answer questions you might have after having reviewed the requested materials. When considering Gold IRA companies, it is strongly suggested they:

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An appropriate Gold IRA company will have been in business for a number of years and will have assembled a network that includes a custodian, who is responsible for reporting both to the account holder and the government, as well as a depository, capable of holding the physical metal products in a safe, secure, and insured facility. An appropriate Gold IRA company should be a one-stop shop, capable of making all of the necessary arrangements, in order to facilitate a quick, tax-free, and hassle-free account opening.

Gold IRA Rollover

A Gold IRA can be created from scratch, by utilizing funds, up to the annual maximum contribution of $5,500 for investors under 50 years of age, or $6,500 for investors over the age of 50. Otherwise, it can be funded by transfer or rollover from a typical and qualified 401(k), 403(b), 457(b), traditional IRA, SEP IRA, SIMPLE IRA, TSP, Roth IRA, or any other qualified deferred compensation or pension plan. In addition, an appropriate Gold IRA company will be able to initiate transfers with more uncommon IRA’s, like Spousal and Beneficiary IRA’s.

Advantages of a Gold IRA Account

The reason for creating a Gold IRA is three-fold. First of all, gold and other precious metals have a history of long-term appreciation. Secondly, gold and other precious metals are universally accepted “money” that has never become worthless, unlike every fiat currency throughout history. And finally, gold and other physical precious metals are the ultimate hedge against potential losses by other popular investments like stocks, bonds, and currencies, because historically speaking, when most other investment vehicles collapse or flounder, precious metals appreciate and excel.

top investing companies and custodians reviews 2018

Another tremendous advantage of a Gold IRA is the ability to convert principal and profit from investments on a tax-free basis. When a raging bull market runs out of gas and begins to sputter, precious metals increase in value, while equities and other investments falter. Investors have the opportunity to capture principal and profit from high priced equity investments and acquire precious metals at bargain prices. When a major correction occurs, investors have the inverse opportunity, to capture principal and profit from their precious metal investments and reacquire stocks, bonds, and currencies at bargain prices. And all of this occurs on a tax-free basis, until it is needed for retirement, when investors are in a lower income tax bracket.

Gold Backed IRA Portfolio Allocation

Financial advisors typically recommend that 5% to 15% of a retirement portfolio be invested in physical precious metals, but an over-valued stock market, increasing global tensions, and Fed monetary policies that have taken the potential profit out of a variety of common and popular investments are good reasons to consider a higher than normal allocation to the precious metals portion.

An appropriate Gold IRA provider will not only have the network in place to facilitate the complete initiation, transportation, and operation required, but they will have the knowledge and experience necessary to do it in a timely, seamless, and simple fashion. Online applications and information should be readily available. It is typically a great benefit if the company you select specializes in Gold IRA’s rather than just provides (dabbles in) the service.

Physical Gold vs Paper Gold

Gold IRA’s are not offered by brokerage firms, so frequently their brokers will try to convince investors that are interested in precious metals diversification, that Exchange Traded Funds (ETF’s) offer similar returns, but don’t require assistance by a self-directed IRA custodian, metals broker, or storage facility, so they’re a much better way to go. But the reality is that a precious metals ETF does not offer any of the true benefits of physical precious metals ownership. An ETF is a “paper” asset, it’s a “portion” of a pie, no different than a stock or mutual fund, such that when there’s a run on the market, the market closes and your ability to see the gains of physical precious metals closes with it.

best investment is not paper money

You essentially own a position that you trade into and out of based on extraneous factors, which may or may not have an effect on the underlying price. When it comes time to sell, take a number. Meanwhile, large hedge funds and the like are out of the market in nanoseconds and their effect on the market can be devastating. In addition, heaven forbid that circumstances get as grim as existed in the Weimar Republic during the 1930’s, but in times of economic turmoil precious metals are a universally accepted currency, whereas the dollar, or other paper assets may only be worth the paper their printed on.

Product Range

An appropriate Gold IRA provider will have access to the full range of IRS-approved precious metal products for IRA inclusion. Gold, silver, palladium and platinum bars and rounds produced by a NYMEX or COMEX-approved refinery or national government mint, qualify as long as they meet minimum coin fineness requirements.

Choosing a Gold IRA Company Checklist

In summary, an appropriate Gold IRA company will be able to display proof of experience, knowledge, and high customer satisfaction. Representatives of the company should be willing to provide printed information, as well as answer any questions having to do with their network, IRA requirements, and their complete product line. However, due to the nature of the precious metals market, pricing will vary on a daily basis, due to changes in the spot price of metals, but commissions should not change.

And finally, be sure to verify the reputation of any Gold IRA company’s you may be considering, with third party testimonials and reviews, as well as through the Better Business Bureau and industry related watchdogs, like the American Numismatic Association and the Industry Council for Tangible Assets.

 

Top 7 Gold IRA Companies (2018 Comparison)top gold IRA companies and best custodians reviews 2018

COMPANYBBB RATINGTRUSTLINKMIN. INVESTMENTPRICINGMORE INFO
Advantage GoldA+#1 in 2016 & 2017$5,000Best *First-time buyer discount!Read Review
American BullionA+5 Star Rating$10,000GreatRead Review
GoldcoA+5 Star RatingUnlistedGoodRead Review
Regal AssetsA+5 Star Rating$10,000AverageRead Review
Lear CapitalA+4.5 Star Rating$5,000GoodRead Review
US Gold BureauA+4.5 Star RatingUnlistedGoodRead Review
Rosland CapitalA+4 Star Rating$1500AverageRead Review

 

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What is a Gold IRA?

The Gold IRA was created by the Taxpayer Relief Act of 1997 and has become a very popular instrument, used to truly diversify a retirement portfolio. Precious metals have been a universally accepted currency for millennium. Just as an example, the words “silver” and “money” are the exact same word in at least 14 different languages, including French, Swahili, Thai, and Welsh.

When wars were won, the first stop of the conquering nation was always the loser’s treasury, because that’s where the gold and silver booty could be found. In today’s world, precious metals are an important part of any retirement plan, due mainly to the protection they provide for other assets, particularly “paper” assets, like stocks, bonds, and fiat currencies.

Historically speaking, during times of economic uncertainty, panic, or devaluation, precious metals prices move in the opposite direction, thereby offsetting losses of those other assets. Additionally, precious metals tend to deliver a long-term increase in value regardless, which makes them perfect components for the long-term saving strategy of a retirement portfolio.

Gold, silver, palladium and platinum bars and rounds produced by a NYMEX or COMEX-approved refinery or national government mint, as long as they meet minimum coin fineness requirements.

The same reporting and distribution requirements apply to a Gold IRA account, as to a regular traditional IRA. However, the metals must be in the possession of a trustee or custodian. Specifically, “the trustee or custodian must be a bank, federally insured credit union, saving and loan association, or an entity approved by the IRS to act as a trustee or custodian.”

A Gold IRA can be started from scratch, with contributions up to the annual limit, which is $5,500 or $6,500 for those over 50 years of age. Or they can be initiated with funds rolled over from an old (or possibly still in-service) :


• 401(k)
• 403(b)
• 457(b)
• Deferred Compensation Plan
• Non-Prototype IRA
• Pension Plan
• Roth IRA
• Thrift Savings Plan
• TIAA CREF
• Traditional IRA
• SEP IRA
• SIMPLE IRA
• Beneficiary IRA.

IRA Approved Precious Metals and Coins

The IRA account itself is capable of holding any IRA-approved precious metals and products. The metals include; gold, silver, platinum and palladium and the products include the following:

Gold   (Minimum fineness: .995%)

• American Gold Eagle bullion coins
• American Gold Eagle proof coins
• American Gold Buffalo
• uncirculated coins (proofs not allowed)
• Australian Kangaroo/Nugget coins
• Austrian Gold Philharmonic coins
• Canadian Gold Maple Leaf coins
• Chinese Gold Panda coins

 

Silver    (Minimum fineness: .9999%)

• American Silver Eagle bullion coins
• American Silver Eagle proof coins
• Australian Silver Kookaburra coins
• Austrian Silver Philharmonic coins
• Canadian Silver Maple Leaf coins
• Chinese Silver Panda coins
• Mexican Silver Libertad coins

 

Platinum   (Minimum fineness: .9995%)

• American Platinum Eagle bullion coins
• American Platinum Eagle proof coins
• Australian Platinum Koala coins
• Canadian Platinum Maple Leaf coins
• Isle of Man Platinum Noble coins

 

Palladium   (Minimum fineness: .9995%)

• Canadian Platinum Maple Leaf coins

 

 

Is a Gold IRA a Safe Investment?

If you are looking for possible retirement investment opportunities, you may be wondering whether a gold IRA is a safe investment. In order to properly address this question, it is important that we define what “safe” means in the context of investing.

For the purposes of answering this question, we will assume that “safe” means that the investment has a high probability of making a positive return and that capital is preserved. With this in mind, can a gold IRA be considered a safe investment?

A gold IRA is similar to a regular IRA except that the underlying asset is gold, or other precious metals rather than stocks or other traditional types of investment assets. This means that the returns on these types of investment are linked to the returns on gold (precious metals). Since all investments have some level of risk involved, we need to determine how the risk of investing in gold compares to the corresponding rewards, and how those rewards compare to the returns on traditional IRAs.

Investment risk is closely linked to market volatility and how that volatility affects investing activities. Stocks are one of the most volatile types of investment assets and are therefore considered to be highly risky. While gold also has a level of volatility, it is considered to be a relatively safe investment haven because it is an effective hedge against inflation.

In fact, whenever the stock market gets extremely volatile, many investors allocate a larger portion of their investment portfolios to gold. Gold tends to hold its value during periods of high volatility as happened during the 2008/2009 market crash. This is one reason why many investors believe that a gold IRA is a safe investment.

The following chart shows how gold performed relative to the stock market between 1970 and 2015.

silver and gold vs stock investing

 

 

Source: Longterm Trends

  • Gold
  • Silver
  • Dow Jones Industrial Average
  • S & P 500

This data demonstrates that gold outperformed the stock market during this period.

There are several other valid reasons for considering gold IRAs as safe investments. To begin with, gold is considered as an effective hedge against inflation especially during times of financial or political crisis. This is because the value of gold cannot be manipulated by monetary policies or other government regulations. Other fiat currencies upon which paper investments are based, can and usually are manipulated by the government in order to achieve certain economic objectives.

The fact that gold tends to preserve wealth or to hedge against the loss of value, makes it an attractive retirement asset option. The whole goal of retirement investing is to not only maximize investment returns, but to moreso preserve the invested capital.

As a retirement investment option, a gold IRA is therefore an excellent choice. While it will not necessarily give the highest rate of return, it is one of the best ways to preserve the value of your retirement investments.

 

Overall Best Gold IRA Company – and the Winner is…

More gold IRA companies exist than most people know. Picking the right one is essential. You need to safeguard your money and be able to trust your the company you choose to invest with.

Out of all of the companies that we could choose from, our #1 choice for gold IRA companies is Advantage Gold. Advantage Gold is an industry leader and well recognized by many experts. Let’s take a look at the company and why we choose it above the rest…

 

Based out of Los Angeles, California, Advantage Gold is a United States owned business. They work with customers around the country to help them get the gold retirement savings that they need to survive through their retirement in a happy state. While they do sell precious metals, they focus their business on gold IRAs. This has allowed them to build up a great amount of experience.

 

Storage Safety

You know that your gold will be secure because Advantage Gold uses one of the best depositories in the industry, Brinks. Brinks is a major armored car and depository company. Some even consider Brinks to be the safest storage in the world.

 

Low Minimum Investment

Every company has a minimum investment that you must make in order to open account. The most trusted gold IRA companies tend to have a larger minimum investment. Advantage Gold’s minimum investment is $5,000, which will help to set you up for a healthy retirement.

 

Low and Flat Rate Fees

Being honest and transparent is important. Advantage Gold is exactly that. When you visit their website, you can determine exactly what their fees are and what you will be paying in order to make an investment. The fees at Advantage Gold are done on a flat rate basis. That means they won’t fluctuate unless you specific changes to your account. But you know upfront those are.

 

Highest Customer Satisfaction

Advantage Gold has a long history of striving to reach perfect customer satisfaction. They are known to go above and beyond in order to ensure that customers are satisfied. Their customer service department is one of the reasons we chose them.

 

 

To learn more about any company, you can turn to Trustlink, The Business Consumer Alliance, and The Better Business Bureau. All three of these companies assign businesses a rating based off of customer experiences. Let’s take a look at Advantage Gold’s ratings:

  • Better Business Bureau: A+
  • Trustlink Rating: 5 Stars (Rated #1 2016 & 2017)
  • Business Consumer Alliance: 5 Stars

For each of these rating agencies, Advantage Gold has scored the highest possible rating.

 

Best Buyback Program

The Company’s buy back process is really simple and that’s just one of the things that separate Advantage Gold from the competitors. At any time, you can sell back any precious metals that you bought from this company, and Advantage Gold will pay you at the minimum, the spot price at the time of liquidation – and for many coins, they’ll pay you well above that level, depending on the wholesale market.

 

Conclusion:

Now that you know the reasons that we have chosen Advantage Gold as our chosen gold IRA company, it is time that you take a look at their website for yourself. We always recommend that our readers do their own research. Having a well informed opinion in the retirement industry is a must.


 

 

Lowest Prices

Did you know that Advantage Gold is also known for their competitive prices?

With their current “First Time Buyer Discount” promo you’ll find it hard to get your metals at a better price elsewhere.

Why don’t you test it by calling Advantage Gold (310) 774-2133 before the end of October 2018 and mention the “First Time Buyer Discount” to check if they can match any other offer you might get elsewhere?

Website: http://advantagegold.com

 

Click the image below to request the FREE gold IRA guide from Advantage Gold     ▼     ▼

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