What are the best gold IRA companies you can recommend?

[Ben Daugherty]

Hi. I’m thinking about rolling over my 401(k) into a gold IRA. Has anyone here dealt with companies that offer precious metals IRAs? I’d really appreciate any advice, especially since I’ve heard there are a lot of scams out there, which makes the whole process feel risky. Has anyone switched their IRA or 401(k) to gold? If so, could you recommend some of the top gold IRA companies available right now? Thanks in advance!

 

[Rookie Investor]

I haven't invested myself yet, but according to my research, American Hartford Gold (https://www.americanhartfordgold.com) is one of the most popular gold investment companies that offers some of the lowest fees. Just be really careful when dealing with precious metals, especially with dealers who push high-priced, collectible coins with big markups. Make sure you know which metals are actually allowed in an IRA and watch out for hidden fees. Always compare prices and fees before making any purchases, and double-check all the details. It’s also a good idea to spend some time reading gold IRA reviews and complaints on BBB (Better Business Bureau) website.

 

[Johan De Silva]

I recently withdrew part of my retirement funds and bought some gold bars and coins (outside of my IRA). It’s been a pretty good decision so far since gold prices have increased. But keep in mind that gold can be unpredictable in the short term, so make sure you’re aware of the investment risks.

 

[Robin Bowen]

Noble Gold is the best gold IRA company in my opinion. I wanted to switch my 401(k) over to a self-directed gold IRA, and they made the entire experience really smooth. They walked me through each step and explained how the gold IRA rollover worked, so I felt fully informed. Noble Gold has a lower gold spread (markup) than any other popular gold investment company I've looked into, and they're totally upfront about the price of their precious metals.

 

[Marin C]

I’m thinking about rolling over my 401(k) into a gold IRA.

Even though gold is generally seen as a stable asset, you should know that it doesn't provide income through dividends or interest like some other investments do. I'd recommend you to chat with a financial advisor to get some personalized advice before making a big decision like this.

 

[Ben Daugherty]

I'd recommend you to chat with a financial advisor to get some personalized advice before making a big decision like this.

Thank you! I did talk to a financial planner before, and they advised me to keep gold investments to a small percentage of my total portfolio, so I’m not putting all my money into a gold IRA account.

 

[D Bergman]

I rolled over my 401(k) to a gold IRA with Augusta Precious Metals in November 2021, and I'm satisfied. The price of gold has increased by approximately $939 per ounce, which is about 52% since the time of my investment.

However, I almost got scammed by another company called Regal Assets back before I found Augusta. You can read about those scammers here: https://www.cftc.gov/PressRoom/PressReleases/8791-23. One important lesson I learned is to read the fine print carefully, as some companies like Regal Assets have hidden fees or penalties for early withdrawal.

 

[Lex Further]

However, I almost got scammed by another company called Regal Assets back before I found Augusta.

Regal Assets is not the only scam company out there. Red Rock Secured has recently been charged with defrauding retirement account holders in a $50 million scheme. Red Rock Secured was charging 130% markups on the gold they sold and defrauded over 700 investors. I’m glad the SEC is taking action against these companies because they’re giving the gold IRA market a bad reputation and casting a shadow over the entire industry.

If you’re worried about getting scammed, there’s a really informative gold IRA scams guide from Noble Gold Investments that you can download for free. It has all the red flags and covers the most common tactics fraudsters use, so you’ll know exactly what to watch out for.

 

[Steve Towey]

I can attest to @Robin Bowen's words and confidently say that Noble Gold Investments is one of the best gold IRA companies for moving your retirement funds into a gold IRA. I was initially hesitant to transfer my IRA into physical precious metals because the process seemed overwhelming, and I feared incurring fines from the IRS. However, Noble Gold made the entire process easy and stress-free, guiding me through every step.

After researching and consulting multiple companies, I'm really glad I chose Noble. They offer only physical gold bullion, not collectible coins, and have the lowest fees in the industry. I also never felt pressured into buying anything I didn't want. On the contrary, they were patient and educated me on precious metals, IRS rules, and taxes. I guess the fact that Noble is featured in Forbes, Business Insider, Fox News, and Investopedia speaks volumes about the company's ethics and professionalism.

 

[Melinda Reese]

I decided to invest with Birch Gold Group two years ago. This company specializes in gold IRAs and offers professional guidance in purchasing IRS-approved precious metals. Opening an account with Equity Trust Company (one of the two available gold IRA custodians with which Birch Gold is partnered) was really easy. I was able to move funds and purchase gold without any taxes, and Birch employees were really helpful from start to finish.

 

[Value Vanguard]

I can't really recommend any specific companies because all of them have their pros and cons. But if you want to check a company's reputation, my advice is to read gold IRA reviews on the Better Business Bureau (BBB). The BBB is a place where you can find real customer complaints and learn if a company has any ongoing legal issues.

 

[OH_Innovator]

FYI: If you're a current employee under the age of 59½, rolling over your 401(k) is not an option. You become eligible for a precious metals IRA rollover once you either leave your job or reach the age of 59½. Until that point, your contributions (referred to as elective deferrals as per IRS) are legally restricted from being distributed or rolled over: https://www.irs.gov/retirement-plan...-plan-participants-general-distribution-rules