2020's Best Gold IRA & Investment Companies

We’ve aggregated more than 300 precious metals dealers with reviews and ratings to help you with choosing the right Gold IRA or Investment Company. A Gold IRA lets you hold physical precious metals in your retirement account…

Top 3 Rated Gold IRA Firms

Editor's Choice
Goldco
Direct
Top Rated
Regal Assets
Inc
Top Rated
Silver Gold
Bull

gold ira survey bnr

Should I Invest in Gold?

Update - 2020.09.04

You better have a game plan…

With the Fed’s money-printing going into overtime, the value of the fiat dollar will drop. The US deficit was already extremely high and will grow even higher with the recently passed stimulus  packages.

As your life savings are erased, what can you do?

There is but one time tested portfolio protector…GOLD.

Gold is real money and has been for a thousand years. It can’t be printed and has a fixed supply. Experts see Gold as portfolio protection as inflation or even hyper inflation kicks in.

“I encourage every investor to make sure they have a meaningful amount of physical gold and silver, as we continue to face the challenges of a global pandemic, and the subsequent economic and monetary fallout.” Jeff Clark, Senior Analyst, GoldSilver.com 

Storing physical metal is my #1 way to protect yourself against a global monetary reset. Jim Rickards.

One of the best ways to own physical gold with tax breaks is through the Gold IRA, IRS Loophole. For more info and a free gold investment kit, visit our top rated dealer, Goldco.

The best time to buy gold is before it rallies into a bull market. As of today, The price of Gold goes up when there is a significant lack of confidence in the central bank, US government and the dollar. E.g. quantitative easing, the national debt and fiat currencies that don’t last forever. Gold, today, is reaching for $1600 an ounce. Billionaire Paul Tudor Jones has said that Gold will be the best investment for the next few years.

Proponents of owning physical metals cite that the gleaming yellow metal is a scarce commodity and has no counter party risk. Its value is inherent.

Benefits in owning physical Gold:

  • Portfolio diversification
  • Hedge against a down economy
  • No credit risk
  • Outperformed fiat currencies
  • Liquid asset
  • Opportunity for gains
Our analysis shows that adding 2%, 5% or 10% in gold over the past decade to the average pension fund portfolio would have resulted in higher risk-adjusted returns.
Gold.org

gold chart Statistics:

  • Worldwide demand has increased an average 18% since year 2000.
  • It has had comparatively good returns compared to other investment assets.
  • World banks and billionaires are accumulating physical metals while major countries are “reacquiring” what they own.
  • The yellow metal is a proven portfolio diversifier.
  • It holds value as fiat currencies like the US dollar fall in value.
  • The Fed continues the dollar devaluation while the US government can’t stop its endless borrowing and spending policies.

Billionaires John Paulson, Thomas Kaplan, Paul Tudor Jones, Eric Mindich and Carlos Slim all own a lot of the precious metal. Do they know something we don’t?

Combine Fed Policy, the federal deficit and federal government spending, many experts believe that eventually, something has to give. A financial day of reckoning if you will. Whether it be a dollar collapse, hyper inflation or something else, they like the peace of mind knowing that not all of their assets are dollar based.

What is a Gold IRA?

A Gold IRA is a self directed retirement account that allows individuals to hold precious metals in their retirement accounts to protect them from “paper” fiat dollar denominated investments that they own. Similar to standard IRAs, tax deferment is possible on earnings.

And just like any other Individual Retirement Account, a precious metals IRA allows Internal Revenue Service permitted annual deposits into a brand new account or transfers and rollovers for existing IRAs.

Custodians are required by the IRS to oversee the process. Once the Gold IRA firm receives your investment funds they can convert the dollars to real money, aka gold.

Code requires that your precious metals are stored by an approved facility either overseas or domestically. Overseas storage is the choice of investors looking distance from the government.

Can I Hold Physical Gold in my IRA

In a word, YES, you can hold precious metals in your retirement account.

With the passing of the Taxpayer Relief Act in 1997, the IRS allows investors to own approved Gold, Silver, Platinum and Palladium bullion in a self directed retirement account.

The setup of an IRA must be handled in accordance of IRS rules and regulations by authorized ira firm. You may either open a self directed physical precious metals IRA outright, do a transfer or rollover funds from an existing 401k, SEP, TSP, 403b, etc into your new account.

Transfer: If you have an existing IRA, you can “transfer” funds directly from your current custodian to the new ira custodian. The government requires that the disbursement check must be made out to the new custodian or trustee. You do not take possession of the funds and can do a transfer as often as you like.

Rollover: If you receive a distribution from a retirement account and move the funds to an IRA custodian, this would be considered a rollover. To avoid IRS taxes and penalties, the transfer must be made within 60 day window. You are allowed to rollover the same funds once in twelve months to keep your retirement account tax deferred.

What Precious Metals are IRA Approved?

Some of the approved coins for a precious metals IRA :

Gold:

  • American Eagle
  • Canadian  Maple Leaf
  • Austrian  Philharmonic
  • Australian Kangaroo/Nugget
  • Chinese  Panda
  • American  Buffalo uncirculated coins

Silver:

  • American Silver Eagle
  • American Silver Eagle
  • Mexican Libertad
  • Canadian Silver Maple Leaf
  • Austrian Silver Philharmonic
  • Australian Silver Kookaburra
  • Chinese Silver Panda

Platinum:

  • American Platinum Eagle
  • American Platinum Eagle
  • Australian Platinum Koala
  • Australian Platinum Emperor Penguin
  • Canadian Platinum Maple Leaf

Palladium:

  • Canadian Palladium Maple Leaf

Note: Other bars and rounds are permitted  and all bullion must meet with IRS issued requirements of fineness. The best precious metals dealer can help you choose the right precious metals for your needs.

How to Vet Gold IRA Companies

If you are trusting your hard earned investment or retirement funds with a bullion dealer, you want to make sure that firm is a trusted and reliable source. The investment firm should provide a physical office address (no PO box), email contact and phone number with office hours.

Questions to Consider Before Opening a Gold IRA:

  • How long has the firm been in business?
  • What is their track record?
  • Are there independent reviews/complaints?
  • Are there alerts from consumer or government regulatory agencies about the firm?
  • Are they based in a country that allows for legal action if necessary?
  • Is withdrawal or sale easy?

Fees for Buying and Selling Precious Metals:

As with any financial product purchase, you should know about any commissions, transaction fees or purchase premiums involved. These fees will vary from firm to firm and if are not stated on their website, you may have to ask their representative.

For the most part, lower premiums will be charged on larger bars compared to coins. Similarly, fees for selling your precious metals holdings would be lower compared to coins, etc.

Other Fees:

There can be other costs when investing in precious metals, including ongoing management, storage, delivery, insurance, administration fees and even currency exchange. These fees vary from product and dealer and are often figured as a percentage of your precious metals account holdings.

Consult with your tax adviser, but any gains from your investments could be taxed with capital gains or income tax like your other investments.

Storage fees differ as well and are based on the products you invest in. Vault or segregated storage will be more expensive and a preferred method by serious investors. Costs for pool allocated precious metals will be lower.

What is the Best Gold IRA?

Goldco Precious Metals is the #1 rated Gold IRA firm online. Based in Woodland Hills California, the firm has been helping clients add gold and silver to their IRAs since 2006. Goldco’s expert advisers will work with you to develop a plan that will help you reach your retirement goals via precious metals. With hundreds of satisfied client reviews available online, Goldco Precious Metals is a safe choice to help you with your Gold IRA.

 

Goldco is a leader in the precious metals industry with these impressive reviews:

A+ Better Business Bureau rating                                    5 star rating on 240 customer reviews at Trustlink.com

     AAA rating on Business Consumer Alliance                     5 star rating on 481 reviews at TrustPilot.com

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