The Best Gold IRA Companies in 2022
May 10, 2022- Written by Peter Anderson
May 10, 2022- Written by Peter Anderson
With rapidly rising inflation rates, investors are looking to hedge their losses with precious metals.
Transferring your retirement account into a gold IRA can give you both the benefits of investing in precious metals, and the security that comes from a traditional IRA.
But in order to make the change, you'll need to choose a capable and trustworthy gold IRA company to work with. On this page I'll share my personal list of who's best - based on what you're investing and what you want to accomplish.
My rigorous review process first found 20 gold IRA company contenders. Then, I picked over those with the highest consumer ratings from the Business Consumer Alliance (BCA) & the Better Business Bureau (BBB), which narrowed it down to 10 companies.
Best Customer Feedback
I moved on to screen these companies for the best ratings in these categories: Customer support, compliance assistance, transparency, education, and fees & prices to gather the top 5 gold IRA accounts.
Putting your retirement or nest egg in the hands of a company you're not familiar with can be worrisome, but this list will help you sort out which companies you can trust.
Some of the links in this article are from sponsors. The list below is an honest review gathered from thorough research, experience, and consumer-based feedback.
Many gold IRA companies have few distinguishing qualities, but the ones on my top list stand out for transparency, professionalism, and experience.
These companies make the process simple and easy to understand, with qualified support and responsive feedback.
No other company has four specialized customer service departments that work with each client.
They range from educating you about the economy and gold & silver, to filling out most of the paperwork with you for a quick and painless process.
Some more benefits of working with Augusta:
Goldco offers great pricing with a transparent process and walks you through exactly what the plan is and how they are going to handle your investments.
If you're looking for an educated process and someone knowledgable by your side, Goldco is a great choice.
Noble Gold Investments is known for their educational process where they walk you through a very simple and quick process
They have a gold survival pack that can be delivered to you which is excellent for the uncertainty of the economy.
$2,000 minimum investment for a Gold IRA.
American Hartford Gold is well known for their friendly and informational approach, as well as their free storage and buyback program.
Any investor with American Hartford Gold will get a helping hand in their precious metal investment journey.
Birch Gold Group is best known for their low barrier to entry with a minimum investment of just $10,000.
They have a great customer service team and are one of the most transparent IRA companies you'll find.
This is a great choice for beginner investors as well as those who have been investing for decades.
Founded in 2012, Augusta Precious Metals has since delivered education-centric investment opportunities to ensure you go down the right path with your money.
They even offer a personal one-on-one web conference with Devlyn Steele, the Harvard-trained economist they have on staff.
This client-focused strategy has earned them a great reputation, with thousands of five-star reviews and absolutely no complaints to the BCA or BBB the whole time they have been in business.
They protect your savings as if they were their own, and treat their clientele with the highest level of customer service on the market.
Even football legend Joe Montana and his financial advisors settled on them as the best option for managing his gold IRA.. Joe asked his financial advisors to find the best gold IRA company in the US, and after reviewing all possible choices they suggested Augusta Precious Metals for its strong reputation, transparency, and competitive prices.
He signed up for Augusta’s web conference anonymously, and he was so impressed with their educational approach that he decided to become a spokesperson for the company – and a customer.
Augusta also has very high ratings on the BBB, the BCA, TrustLink, Facebook, and Google.
Augusta has 4 different client-devoted departments that you’ll work with when you invest with the company.. These departments will all work together for the lifetime of your account to deliver you the best service and make sure you understand every step, with easily digestible information.
When you first sign up with Augusta, you’ll be assigned a personal agent who will be with you step-by-step for the lifetime of your account.
Next, you’ll be introduced to their education department, including on-staff Harvard-trained economist Devlyn Steele. This team will give you up-to-date information on the economy, the state of gold and silver, and the benefits of precious metals IRAs, so you can make informed choices about your financial future.
When you’ve decided to get started with a precious metals IRA account, Augusta’s IRA processing department will handle 95% of the paperwork with you and walk you through the process so you can dodge any potential compliance pitfalls and avoid paying any penalties.
Lastly, the order desk will work with you so you can understand what types of gold and silver are available for investment and what are the most popular choices for a precious metals IRA.
Augusta makes #1 on my list not only because of their education-driven team, but also because they're easy to deal with.
Once you fill out their form, they don't continuously bug you or try to pressure you into investing with them.
In fact, their unique, no-pressure sales floor means their team has no incentive to get you to buy anything that won’t be a good fit for you. Their goal is to learn more about why you are interested in precious metals, and arm you with your own knowledge so you’re equipped to make well-reasoned investment choices.
From there, they provide you with more educational information and don't push you to make a purchase. When you are ready to buy, you’ll have all the information you need to know you’re making the right choice for your situation.
Goldco Precious Metals specializes in self-directed gold & silver IRAs in the USA along with direct purchases of physical gold.
Founded in 2006, it is one of the more seasoned gold investment companies; they have years of experience and tremendous client feedback.
Once you get started with Goldco, you get an account executive to walk you through the IRA process while ensuring you meet your investment goals.
The BBB has awarded Goldco with an A+ rating and, as a private business, was also named one of the fastest-growing companies in the USA by Inc. 500.
Noble Gold is based in Pasadena, California and has more than 20 years of experience with precious metals and IRA's. They pride themselves on their customer education and simple 5 minute process to get started with a Gold IRA.
Their customers rave about how friendly and knowledgeable their team is and how well they explain the process to invest in precious metals. You get a dedicated account manager who is committed to helping you understand everything you need to know about precious metals.
The best part about Noble is their Texas based depositories.
American Hartford Gold is working with investors to aid them in diversifying their portfolio and protecting their assets against the volatility of the stock market and inflation.
AHG ha received a 5-star rating from the BBB three years in a row. They take their customers' success seriously and offers education options when investing with them. Not only do they offer market news and updates, they also have free consultations with the a senior portfolio manager.
If you're looking for a company that makes you feel like you're taken care of, American Hartford Gold is a great choice. If you're a beginner investor or someone who is very knowledgable, they will have valued education to bring to the table.
Birch Gold Group aims to empower its clients to meet their personal investing goals.
They have the lowest minimum startup investment, a solid customer service department, tons of educational resources, and a transparent approach so the client knows what's happening 100% of the time with their gold investment in USA.
Since 2003, Birch Gold Group has maintained a great reputation and works with the likes of Ben Shapiro and other celebrity clients.
They have high BBB ratings, as well as Google and Consumer Affairs.
Their specialists are free to chat and explain the latest stock market information, changes, and how that applies to your IRA.
Birch's entire process is designed to empower their clients with the knowledge to make their own decisions and be confident in them. In addition to their client empowerment, they also have the lowest minimum startup investment of just $10,000.
There are two components to a Gold IRA account: an IRA and gold.
Gold is a precious metal that has been used as a secure investment for ages.
It has a tendency to hold its value and is a commodity. Gold technically falls into the "investment diversifying" category like real estate or stocks do.
Precious metals are a great hedge against inflation that comes with a fiat currency like the US dollar, which is thrown around and abused by politicians.
Precious metals are great because they're the actual commodity, whereas the U.S. dollar was once backed by gold, the commodity, but no longer is. It is literally backed by nothing but the word of the government that issues it.
A great way to compare the US dollar and gold is by looking at their value in history.
in 1970, gold was priced at $35 per ounce. In 2021, gold is now at $1,800 per ounce.
If you had $35 in cash in 1970, it is still the same $35, but with MUCH less buying power than it once had thanks to inflation.
Obviously more goes into the comparison than just their value changes in the last 50 years, but this gives you some good insight into which way both gold and the dollar could be headed.
Now let's talk about what an IRA is.
IRA stands for "Individual Retirement Account"
Traditional IRAs are great because they take your pre-tax funds and invest them into your retirement. Then your account grows without any capital gains or dividends slapped on it.
The income tax comes later when you withdraw your money from the IRA.
A Roth IRA is similar to the Traditional IRA, but it only can hold stocks and bonds or cash.
Combining all of the concepts above, you get a gold IRA, which is a gold-backed individual retirement account.
This can be made up of gold bars and coins, or different precious metals. The "traditional" approach is an IRA backed by stocks and bonds.
Your gold IRA account can also be set up with post and pre-tax income.
The term "Gold IRA" refers to a specialized Individual Retirement Account (IRA) that holds gold (and at times other precious metals).
A gold IRA is separate from a Traditional IRA and is allowed to hold other precious metals.
A gold IRA works just like a traditional IRA, but invested in it is gold or other physical precious metals.
This is great because a gold IRA in the USA allows you to invest without paying capital gains tax.
A gold IRA company is a company that's qualified to facilitate the purchase of gold and the setup of your Gold IRA under IRS rules.
Along with a gold IRA company, you will also need a Gold IRA Custodian, as well as a security depository to store your gold.
The best Gold Investment companies in USA help with this process and even take care of it all for you.
The benefits of a Gold IRA start with the diversification of your retirement portfolio in a tax-preferential way.
A great way to fund your Gold IRA is through rollovers or transfers which do not trigger any taxes when done properly.
You can avoid capital gains tax on any amount of gold by investing directly into a gold IRA if you are investing within the USA.
Other taxes and fees may apply if you're investing in a different country.
The United States does not have capital gains tax on gold or silver purchased for an IRA.
As with almost everything Gold IRAs come with fees. This usually amounts to anywhere from $250-$300 for the first year, and about $150/year after that.
The investment minimum into your account, however, is dependent on whichever company you choose to invest with. This minimum ranges from $5,000 up to $50,000.
Gold is allowed in a Gold IRA, which is also called a "precious metals IRA".
There are 4 precious metals you can put into this which include gold, silver, platinum and palladium.
Gold is great for the diversification of your retirement account. It hedges against inflation.
In fact, it traditionally performs best when the US Dollar is down.
Our recommendation for the best gold IRA Custodian is Equity Institutional & Self Directed IRA, which you automatically work with when signing up with Augusta.
Equity is their preferred custodian for most customers.
Although you are allowed to purchase gold and store it at home, the IRS does not allow you to store your IRA-approved gold in home storage.
IRS Code Section 408 says your IRA precious metals must be stored with a trustee.
Your Gold or Precious Metals IRA invests into physical gold and other precious metals.
With a Gold IRA, you also have the option of investing in Gold ETFs, although I don't recommend it.
Gold IRAs come with many small details you need to take into consideration- rules and regulations to comply to.
A gold IRA is technically a self-directed IRA, which means specific rules made by the IRS need to be followed.
Below I touch on different investment options, rules, regulations, and more.
Before you begin gold IRA investing, you need to grasp what this does and does not include.
Along with gold, you can also invest in silver and platinum which are approved in the form of bullion bars and coins. The gold coins or bars you invest with need to meet the grade of 0.995 purity and up.
The IRS forbids any collectible investment with your precious metals IRA because they normally won't meet purity standards.
Along with physical gold investments, "paper" investments, as they're called, are also approved by the IRS, although I don't recommend them.
Paper investments, also known as exchange-traded funds, or ETFs, include:
-Precious metal mutual funds
-Stocks in gold mining companies
-Precious metal commodity futures
-Gold commodity exchange-traded funds
$50,000 Minimum Investment
Free portfolio reviews for all clients
Just like any investment, the IRS has their noses deep in your business and slap a list of rules onto what you can and cannot do.
Taking your physical precious metals out of the vault (called a distribution) is subject to income tax once you withdrawal, but it is not subject to capital gains tax.
Unless you have a predetermined exclusion, early distributions (before you are 59.5 years old) get a 10% levy tax slapped onto it.
Gold IRAs are tax deductible just like traditional IRAs.
You avoid capital gains tax on gold when investing in it through your Gold IRA, as opposed to just purchasing physical gold not through an IRA.
Gold backed IRAs have a contribution limit of $6,000/year and $7,000/year if you are over 50.
It can be funded from a rollover or with a purchase made through the IRS-approved administrator.
You can't withdraw your Gold IRA funds until you are 59.5, and you must take distributions of your funds once you hit 70.
To get a gold IRA, you need to go through an IRS-approved precious metals administrator, which is called a custodian.
Even though it is a self-directed IRA and you are in control of what kinds of assets are in your IRA, you will depend on custodians to administer the account, your gold IRA provider to help you choose and buy metals, and your storage facility to ensure the security of your metals.
Your precious metals need to be stored in IRS-approved vaults.
Taking possession of these precious metals when they are under the rules of an IRA is considered a distribution, which is subject to penalties and taxes if they the distribution is taken early. Surprise!
Gold is always at risk of being stolen, so having a safe depository is necessary—and legally required for gold IRAs.
Step 1: Choose your gold IRA provider
I listed my favorites above, and as mentioned I would personally go with Augusta. They are the top gold investment company you can work with. While the other companies on this list are all respectable, I think that Augusta is the best choice for most investors.
The other gold backed IRA investment companies mentioned in this article are better than the other contenders like American Hartford Gold, JM Bullion, Lear Capital, Rosland Capital, 7k Metals, SD Bullion and Monetary Gold.
You usually see an average of 10% to 15% portfolio investment going to gold IRAs, but considering the status of the US and its dollar, more is acceptable.
Step 2: Choose a custodian and transfer or rollover your funds
Determine where the funds are coming from. A rollover from an existing IRA/401(k), or a transfer?
If you're going with a rollover, you get the funds from the original account and deposit them into the new account for your gold IRA investment with a custodian.
This NEEDS to be done within 60 days, or the IRS considers it a withdrawal, which means you are charged a 10% penalty if you're under the distribution age limit.
One rollover is allowed per year.
If you're doing a transfer, the money goes straight from the old account into the new one.
You can make as many transfers as you'd like.
You can do both a rollover and a transfer from a 401(k), a traditional IRA, a Roth IRA, or a 403(b) retirement plan.
Step 3: Make your purchase!
Don't make the mistake of going with a local dealer in your area who may not have the expertise to handle your account securely. We all want to support our local businesses, but in this case, small companies just don’t have the resources they need to do the best job. Go with a well-rounded, experienced, and proven-best gold IRA company like my first choice: Augusta Precious Metals.
This gets you lower markups, better quality service, and a better overall experience and investment.
The best gold investment companies in the USA are most likely not in your neighborhood, they are found online. Look for gold IRA companies that have great ratings, great client feedback, and a stellar reputation. One telling fact you can look for is how many complaints people have made (Augusta has absolutely zero).
Augusta Precious Metals
Augusta is the leading provider of Gold and other precious metal IRAs. They offer exceptional customer service and diversification options for their clients.
Augusta Precious Metals- Why We Recommend Them
Augusta is the clear leading provider of gold IRAs and other precious metal IRAs, and they are the number one choice I recommend you reach out to.
Unlike other companies, they have never had a complaint with the BBB or BCA – in all the years they have been in business (since 2012).
It is obvious that they offer exceptional customer service (no pressure tactics), account lifetime support, the most transparent and competitive pricing, and some really helpful education options.
For example, the unique one-on-one web conference that was designed by their on-staff Harvard-trained economist. Other companies don’t give you the same kind of access to the same caliber of information.
I was seriously impressed that Joe Montana and his advisors decided to go with Augusta after checking out all other gold IRA companies.
I love that he signed up for the web conference anonymously, then liked the company mission so much that he wanted to not only become a customer but its ambassador.
You can’t argue with Augusta’s thousands of absolute top reviews (I could hardly find any that were not the highest you can get). They were named most trusted in the US and also “Best Of” by TrustLink for the last five years in a row.
I hope this article pointed you in the right direction to compare the top gold IRA investment companies while deciphering which is the best for you to invest in gold with.
Keep moving ahead with confidence – a gold IRA is a great option for many retirement investors who are concerned about the economy and want to find a way to protect their money.
Secure your savings and future with one of the longest-standing commodities of all time.
Diversifying your portfolio has always been a good idea, but now more than ever, keeping all your assets in the US dollar is a surefire way to lose your purchasing power and the level of wealth you have today.
Inflation is higher than ever, and as of this writing, things have never looked worse for the United States dollar.
Do yourself a favor and take control of your hard-earned retirement. Don't let these politicians control the trajectory of your and your family's future.
Finding the best company to invest in gold with is the first part, but following through is necessary.
Get in contact with one of the best gold IRA investment companies on the market and secure your retirement today!