Augusta Precious Metals — Best Orion Metal Exchange — Best for Low Fees Birch Gold Group — Best for Fear Transparency Augusta Precious Metals offers plenty of customer information on its website. Ironically, one of the features that make this company the best of our favorites is their video blog series with reasons why you shouldn’t own gold. Many gold IRA companies use scare tactics or exploit investors’ fears of a (highly unlikely) collapse of the entire financial system and a full-scale US collapse. Five companies have made it onto the list with the most reliable and overall best investor satisfaction.
They are Lear Capital, Goldco, Orion Metal Exchange, and Patriot Gold Group. The Oxford Gold Group is also a well-known company that should be on your radar. Here’s what we did to make our best Gold IRA decisions. The leading Gold IRA companies offer unbiased educational resources, investor information, and responsive customer support.
Gold IRA companies are essentially brokers that sell IRS-approved coins and bars of gold and other precious metals so you can invest a gold IRA. Some gold IRA companies describe their offerings as diverse because you can hold more than one type of precious metal in them. Most gold IRA companies buy back gold that they originally sold to you, but repurchases are generally made at the wholesale price, which is often around 30% below the prevailing retail price. Some investors think this is safer, an opinion that gold IRA companies sometimes misleadingly hold.
Gold IRA companies are not investment companies that have a fiduciary obligation to act in your best interest. Gold IRA companies typically have a number of distinctive traits, but the ones discussed here are characterized by trust, professionalism, transparency, and experience. Many of these companies allow investors to buy precious metals, which include silver, platinum, and palladium in their IRAs in addition to gold. Many Gold IRA companies work with a custodian, and either the custodian or the Gold IRA company may select a custodian bank.
We’ve rated the websites of Gold IRA companies together with consumer protection organizations Better Business Bureau and Business Consumer Alliance, as well as websites with customer reviews such as TrustPilot. Noble Gold is on this list as one of the best gold IRA companies for retail investors because it requires only a small minimum investment and provides extensive educational resources. We’ve researched 18 reputable companies that offer Gold IRA services and searched them for the highest consumer ratings from the Business Consumer Alliance (BCA). Most gold IRA companies buy back gold or other precious metals they’ve sold you, but buybacks are generally made at the wholesale price, which is around a third cheaper than the retail price.
