How Does a Gold IRA Work?

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.

What is a Gold IRA Company?

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.

How Do I Avoid Capital Gains Tax on Gold?

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.

How Much Does it Cost to Open a Gold 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.

Why Should I Get a Gold IRA?

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.

Who is the Best Gold IRA Custodian?

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.

Can I take Physical Possession of Gold in My IRA?

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.

How is Gold Taxed in a Gold Backed IRA?

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.

How Do I Avoid Capital Gains Tax on Gold?

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.

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.

Best Gold Investment Companies Review

January 19, 2024- Written by Peter Anderson

Get immediate access to the most qualified gold IRA companies so you can safely secure your retirement.

These companies have:

Lifetime customer support
Highest level of Global Accreditations
Flexibility to meet every concern
Stellar customer feedback
The most secure depository storage

To understand the rigorous review screening these companies must pass, click here

My rigorous review process first found 20 gold IRA company contenders. Then, I picked those with the highest consumer ratings from the Business Consumer Alliance (BCA) & the Better Business Bureau (BBB), which narrowed it down to 10 companies.

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.

Or, keep reading to protect your wealth with the most reliable gold IRA accounts on the market.

Disclosure: The owners of this website may be paid to recommend Goldco and the other companies. The content on this website, including any positive reviews of Goldco and other reviews, may not be neutral or independent.

Rank #	Ratings	Header
#1 Best Customer Service & Business Ratings	4.9 out of 5 Stars	Visit Site
#2 No Complaints to Date, Best Customer Feedback	4.8 out of 5 Stars	Visit Site
#3 Best Buyback Program	4.6 out of 5 Stars	Visit Site
#4 Most Experienced	4.4 out of 5 Stars	Visit Site
#5 Lowest Minimum	4.3 out of 5 Stars	Visit Site

#1 Best Customer Service & Business Ratings

4.9/5 Rating

Visit Goldco's Site

#2 Best Customer Feedback

4.8/5 Rating

Visit Augusta Precious Metals's Site

#3 Best Buyback Program

4.7/5 Rating

Visit American Hartford Gold's Site

#4 Most Experience

4.5/5 Rating

Visit Birch Gold Group's Site

#5 Lowest Minimum

4.3/5 Rating

Visit Noble Gold's Site

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.

The top gold investment companies

Automatic protection from increasing inflation and market risks is granted with these providers.

The Best Gold IRA Companies List of 2023:

Best Business Ratings/Customer Service: Goldco
Best Customer Feedback: Augusta Precious Metals
Best Buyback Program: American Hartford Gold
Most experienced: Birch Gold Group
Lowest Minimum: Noble Gold Investments

table of contents

#1: Goldco - Best Customer Service & Business Ratings

4.9/5

Fully trusted by Sean Hannity
Educational opportunities tailored to you
Up to $10,000 in free silver
Near perfect ratings from BCA, TrustPilot, & other sources
Well-known "white glove" customer service

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#2: Augusta Precious Metals - Best Customer Feedback

4.8/5

Thousands of 5-star ratings from clients
Endorsement by high-income customers like Joe Montana
No-pressure sales strategy
Account lifetime support
Unique one-on-one web conference with Harvard economist

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#3 American Hartford Gold- Best Buyback Program

4.6/5

Ranked #1 Gold Company on INC 500 List
Bill O’Reilly & Rick Harrison's trusted and recommended precious metals dealer
Buyback commitment with price-match guarantee and no back end fees
Over $1 billion of precious metals delivered
A+ Rating from the BBB and a 5-Star Rating on Trustpilot

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#4 Birch Gold Group - Most experienced

4.4/5

Low barrier to entry - $10,000 minimum investment
Great customer education opportunities for every stage investor
Transparent pricing and fees
Have been in business since 2003
Trusted by Ron Paul & Ben Shapiro

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#5 Noble Gold Investments - Lowest minimum

4.3/5

No questions asked buyback program
Free delivery straight to your door at any point
Lowest minimum investment of $2,000
Over 20 years of experience
Diverse precious metal investment options (gold, silver, platinum, & palladium)

Visit Site

Let's get into the comparison of these gold IRA companies....

#1. Goldco - Best Customer Service & Business Ratings

Our Rating: 4.9/5 stars

customer feedback: 98%

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Customer support: 98%

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Education: 97%

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Investment Choices: 90%

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Visit Site

Goldco specializes in self-directed gold & silver IRAs in the USA along with direct purchases of physical gold.

Founded over a decade ago, 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 a precious metals specialist to walk you through the IRA process while ensuring you meet your investment goals.

From then on, they are there for you with any questions or concerns you might have. Goldco does not rush you or guide you in any direction you don't want to go.

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.

"Goldco is the company I recommend to my audience, friends, & family. "

-Sean Hannity

Request Complimentary Gold Kit Now

Goldco's ratings as of 2022:

Business Consumer Alliance: AAA

Better Business Bureau (BBB): A+
Scam Report: N/R

Trustlink: ★★★★★

Consumer Affairs: ★★★★★
Trustpilot: ★★★★★

Goldco Gold IRA Fees & Minimum Investment:

The required minimum purchase at Goldco to start a gold IRA is $25,000. Goldco’s preferred Custodian charges a flat annual account service fee which includes a one-time IRA account set-up fee of $50. as well as a $30 wire fee. Annual maintenance is $100, and storage is $150 for segregated storage or $100 for non-segregated storage.

Fees for gold storage and custodianship can vary depending on the company you select to handle these services (required by the IRS, as all IRA assets must be managed by a custodian). Depending on the Custodian, storage fees can range from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1% annually. Goldco does not charge any storage fees for cash transactions over $25,000."

Goldco Pros & Cons

Pros

No additional fees or hidden penalties
Competitive pricing
Many years of experience

Cons

Minimum investment $25,000

Visit Goldco's Site

#2. Augusta Precious Metals- Best Customer Feedback

**No Complaints since they began in 2012**

Our Rating: 4.8/5 stars

customer feedback: 100%

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customer feedback: 100%

Customer support: 100%

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Education: 100%

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Investment Choices: 98%

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Visit Site

Quick Summary of Augusta:

Thousands of 5-star ratings from clients
No-pressure sales strategy
Account lifetime support
Unique one-on-one web conference with Harvard economist

Founded in 2012, Augusta Precious Metals is one of the bigger gold IRA companies & 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.

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.

"Augusta Precious Metals helped diversify my portfolio to protect my hard-earned retirement."

-Joe Montana

Request Complimentary Gold Kit Now

Augusta's 2022 ratings:

Business Consumer Alliance: AAA

Better Business Bureau (BBB): A+
Scam Report: N/R

Trustlink: ★★★★★

Consumer Affairs: ★★★★★
Trustpilot: ★★★★★

Augusta Precious Metals Fees & Minimum Investment:

Annual custodial fee: $80
Annual depository storage: $100
Minimum investment: $50,000

Annual custodial fee	$80
Annual depository storage fee	$100
Minimum investment	$50,000

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.