Making the decision to start a gold IRA and protect your wealth is an easy one. The difficult part is choosing between the many gold IRA companies that are available. It’s important to choose a company that is reputable, trustworthy, and has your best interest in mind.
We’ve set out to make this decision as easy possible for our visitors. We’ve reviewed and compared the best gold IRA companies on a variety of key factors, and have presented our findings below. We’ve taken into consideration the following in our reviews:
- Years of Experience
- Company Reputation
- BBB Rating
- TrustLink Rating
- Costs and Fees
Comparison of Top Gold Companies
|Company||BBB Rating||TrustLink Rating||Read Review||Visit Web Site|
|Regal Assets||A+ (0 complaints)||5 Stars (548 reviews)||Full Review||www.regalassets.com|
|American Bullion||A (4 complaints)||5 Stars (30 reviews)||Full Review||www.americanbullion.com|
|Lear Capital||A+ (27 complaints)||4.5 Stars (293 reviews)||Full Review||www.learcapital.com|
|Lexi Capital||A- (1 complaint)||5 Stars (3 reviews)||Full Review||www.lexicapital.com|
|Merit Gold||D (15 complaints)||4.5 Stars (676 reviews)||Full Review||www.meritgold.com|
|Bullion Vault||A- (1 complaint)||N/A||Full Review||www.bullionvault.com|
|Rosland Capital||A (9 complaints)||2.5 Stars (18 reviews)||Full Review||www.roslandcapital.com|
|Goldline International||B- (7 complaints)||2.5 Stars (45 reviews)||Full Review||www.goldline.com|
|US Gold Bureau||A+ (6 complaints)||4.5 Stars (5 reviews)||Full Review||www.usgoldbureau.com|
What Factors You Should Look For When Choosing A Gold IRA Company
1. Reviews and Ratings
There’s no better way to judge a company than by looking at what previous customers are saying. That’s why you should always put a lot of consideration into a company’s BBB rating, as well as reviews from other sites such as Yelp or Trustlink. This is one of the biggest factors we took into consideration ranking the top gold IRA companies to work with.
2. IRA Fees and Policies
The fees and policies should be another big factor in your decision of selecting a gold IRA company. Some companies will just charge flat annual fees, while other companies have a scaled fee model that increases as your account size increases. These scaled fees can add up a lot, especially if you’re investing more than $50,000 or plan on growing your gold IRA account over time. We recommend choosing a company that has a flat annual fee that won’t increase as your account size increases.
Make sure you understand the exact cost for the storage fees. Unfortunately, some gold companies claim to have a flat-rate storage fee, but fail to mention that there is a limit of how much gold you can store. So if you go past that amount with additional investments, you could exceed their storage limit and occur thousands in additional storage fees. That’s why we recommend our visitors to use a company like Regal Assets, as the have a flat storage fee, no matter how much you invest in your account.
3. Account Setup and Delivery Times
An important factor to take into consideration when buying gold is a company’s delivery time. If you’re rolling over an existing retirement account into a gold IRA, the IRS has a 60-day time limit before penalties and extra fees incur. Most gold dealers should be able to deliver your metal within 30 days, but some can take much longer.
4. What Types of Precious Metals Do They Carry?
Gold bullion or Gold Coins? They both have their pros and cons, and you need a company that has a good selection of both. There are certain rules and regulations in place by the IRS that restrict the type of precious metals you can hold inside your gold IRA account. For example, the gold you buy needs to have a purity level of at least 0.995. You need to work with a company that understands gold IRAs, and the restrictions set forth by the IRS.
Tip – Some companies will try and sell you “collectible coins”, because those products have the highest profit margin. Most people don’t realize that the IRS does not allow you to hold collectible coins inside of your precious metal IRA.
5. Do They Offer A Buy-Back Program?
An important thing to take into consideration is whether the company will buyback your gold or silver if you decide to later sell. It’s important to know that your investment has liquidity and that you CAN sell your precious metals for a fair price, if you needed to.
6. Rollover and Delivery Times
When choosing a company to purchase gold from, you need to understand their delivery times. Most companies should deliver your precious metals within 30 days, but some can take as much as 90 days. When rolling over your existing IRA into a precious metals IRA, the IRS gives you a 60-day time limit before you incur penalties. Make sure that the company you choose can complete the process in a timely manner.
The Best Gold IRA Company
Finally, a company that actually listens and cares about their customer’s best interest! You probably hate salesmen as much as I do. Instead of focusing on selling a product like many other gold investment companies, Regal Assets actually takes the time to understand their customers and their investment goals.
Regal Assets not only sells gold and precious metals, but they actually specialize in retirement accounts and gold IRA rollovers. Once you contact their company, they will assign you a dedicated account representative that will walk you through the entire account setup process and help answer any questions you have along the way. They are truly a customer-centric company, as evident by their A+ ratings by the Better Business Bureau.
What Makes Regal Assets The Best Gold IRA Company?
Fast Shipping – Their shipping and delivery times are the best in the industry. Rather than waiting 30-90 days to receive your gold like other investment companies, Regal Assets guarantees your delivery within 7 days. If they don’t meet that deadline, they’ll send you a free 1 oz American Eagle gold coin.
Inexpensive Storage Fees – Most precious metal companies charge $250 a year or more to store your gold. Regal Assets uses Brinks to store and segregate your gold, and their fees are the cheapest in the industry at just $150 a year.
Dedicated Gold IRA Department – Many companies just focus on selling you precious metals, and wishing you the best of luck. Regal Assets has an entire department that specializes in retirement accounts and 401k rollovers. They’ll help you setup the entire account to make sure the process is as easy and seamless as possible.
No Fees For The First Year – In order to help earn your business and gain your trust, Regal Assets waives all setup, storage, and administration fees for the first year. Not only that, they’ll even deliver your gold or precious metals for free as well. Other companies can charge up to $500 for these fees.
Best Customer Service – Regal Assets has gained one of the best reputations in the entire industry with their customer-oriented approach. Here’s their ratings by various review sites.
- Better Business Bureau gives Regal Assets an A+ rating for responsible and trustworthy business practices. Not a single closed complaint since March 10, 2013.
- Inc. Magazine ranked Regal Assets number 20 out of 500 companies in the financial services category.
- TrustLink gives Regal Assets a 5 out of 5 star rating, based on 328 reviews.