Choosing the best gold investment companies to roll over your existing IRA into can be a hassle, but in this guide, I’ll go through my method for evaluating gold IRA companies and help you make the right decision for protecting your wealth. Before getting into how I made this decision, it’s important you understand the best gold IRA company is Augusta Precious Metals.
- Money magazine’s “Best Overall” Gold IRA Company in 2022
- Quarterback Joe Montana and his financial team chose Augusta
- Zero fees for up to 10 years — every customer qualifies
- Investopedia’s “Most Transparent” Gold IRA Company in 2022
- Free guides on how to avoid gimmicks & high-pressure tactics used by gold IRA companies
We earn a commission if you make a purchase, at no additional cost to you.
This guide is really about helping you determine who to trust to protect your wealth. Talking about the best gold IRA companies to protect your wealth is better than having it sit in the stock market or in a crypto exchange like FTX. I moved all money money out of crypto last year (2021) before this wild adventure took hold of the spiral downward with FTX.
It’s 2022 and we’ve seen a crazy amount of turmoil globally and in the US. With the latest events with FTX going bankrupt and the cryptocurrency market in question of whether it’s going to survive, it’s more important now more than ever that you really understand where your money is going.
I’ve spent a great deal of time understanding all the gold IRA companies out there and who I can trust. I also found that with quarterback Joe Montana’s financial team telling me they picked Augusta Precious Metals over any other company – it’s a reason to really pay attention.
| [presto_player id=4770] |
I am not Joe Montana but I will take you through my personal story and experience in this evaluation process but before jumping into the details of my evaluation process for gold IRA companies, I have one simple question for you:
What asset can you trust to protect your wealth for retirement?
In order to answer that, it’s important to have some context of how I think about trust.
I worked in high tech jobs for 20+ years before deciding to make a jump to starting my own business and I always tell people that trust is the MOST important thing to me over anything else.
I define trust as the intersection between what you say and what you do. If you follow through with what you say and stay true to your word – that is trust.
When evaluating something to invest in, the pieces that I always evaluate are:
- Management Team
- Product
- Market Opportunity
Management Team
When you look at the team running the show, it’s important to look for a management team that has experience and has had success previously. It is possible to find success with a team where this is their first rodeo – it’s a gamble and if you’re thinking about moving your retirement funds into a gold IRA, the last thing you need is a gamble.
Look at the individuals that trusted Sam Bankman-Fried at FTX. Yes that’s fresh and still new for some but he didn’t know what he was doing and somehow lost billions of dollars. It’s probably going to be years before we find out what really happened.
What you’re really looking for is a team that has been there and done that before. The CEO of Augusta Precious Metals (Isaac Nuriani) has been running the company since graduating from UCLA with a Bachelors in Economics since 2012. He’s built a team of experts around him that understand the market including the Director of Education (Devlyn Steele) who has processed over $2B worth of financial transactions and is a member of the business analytics program at Harvard Business School. Their team is solid and it’s important to recognize this as you review and think about the type of management team that’s building something real for you to hold your wealth and really protect your retirement.
Product
When we talk about the actual product of what we’re getting it’s an asset class that’s been around for decades. When you invest in the stock market and you’re trying to decide what the next big thing is – it’s a guessing game and as we can tell from the hyperinflation it’s impossible to pick the next big thing.
I love evaluating asset classes, companies and the next big potential investment. That’s really fun for me but one thing that isn’t fun is watching the massive swings we have going up and down in the market today.
The product we are really talking about here is one that the US Dollar was backed by before Nixon took us off of it as a standard for our currency. The product we’re talking about is gold which is something tangible you can hold in your hands or store with a custodian like Equity Trust.
We are in a time of wealth protection and it’s important to have your retirement protected and the best way of doing that is finding a team that can help you legally store gold in your IRA. The product and service that Augusta Precious Metals and their preferred custodian, Equity Trust, can do is help you store your retirement in a safe and trusted space that over $25 billion assets across all 50 US States are doing.
Take a look here at the last two years of how gold has faired against the US Dollar – much easier to look at then an FTX chart or a NASDAQ roller coaster – that’s for sure!
[tcb-script type=”text/javascript” src=”https://www.bullionvault.com/chart/bullionvaultchart.js”][/tcb-script][tcb-script type=”text/javascript”]var options = {bullion: ‘gold’,currency: ‘USD’,timeframe: ‘1w’,chartType: ‘line’,miniChartModeAxis: ‘oz’,referrerID: ‘MYUSERNAME’,containerDefinedSize: true,miniChartMode: false,displayLatestPriceLine: true,switchBullion: true,switchCurrency: true,switchTimeframe: true,switchChartType: true,exportButton: true};var chartBV = new BullionVaultChart(options, ’embed’);[/tcb-script]
Will the US Dollar come back onto the gold standard with a Republican White House in 2024?
The US Congressmen Alex Mooney proposed that the US dollar be backed by gold because of the continued inflation we’re seeing across the country and the world. He calls it the ‘Gold Standard Restoration Act’ and it’s amazing to me that this is being re-introduced and could have some real legs in congress depending on how far we go into a recession.
If we continue to have inflation at the same levels and our debt continues to climb at a breakneck pace, I wouldn’t be surprised if we see this happen – especially now that we have a US Congressmen telling us so.
Market Opportunity
Have you ever heard the term greedflation?
Greeflation is the idea of exploiting people like you and me for corporations to generate additional profits. In October 2022, Shell announced they would buy back $4 Billion worth of stock for their shareholders and not pass on the savings to consumers. Their profits doubled and that’s all due to this new term greedflation. On November 1, 2022 BP announced a share buyback of $2.5 Billion and it’s for the same reason.
This type of behavior will not be able to continue as we enter into a time of hyperinflation and a potential recession. The good news out of all of this is that it provides us an opportunity to make sure we own the right assets in a time of inflation, war and just extreme greed.
At some point, in my opinion, we’re going to see something break in our system that will cause an event where we’ll all want to have some portion of our assets in gold. The best way of doing that is through a gold IRA and having a custodian hold it for you like Equity Trust vs. setting up a home storage gold IRA which has all sorts of tax liability issues we’re going to get into in this article.
There are gold IRA scams out there too so just be careful and focus on what I’ve been saying here which is trust. Focus on finding the right partners for you that can be trusted and as I’ve told you – in my opinion – the best gold IRA option based on my research is Augusta Precious Metals.
Augusta Precious Metals
- Money magazine’s ‘Best Overall’ Gold IRA Company in 2022
- Joe Montana’s financial team chose Augusta Precious Metals
- Investopedia’s ‘Most Transparent’ Gold IRA Company in 2022
Augusta Precious Metals
Augusta Precious Metals is one of the best gold IRA companies and I always recommend them as the best Gold IRA company. There are may options out there but after seeing what Joe Montana’s team was able to see – I don’t recommend anything else. They are the best precious metals IRA out there and I recommend looking at them to be your primary gold IRA account.
Key Features & Benefits
- The best Educational system on the planet for precious metals led by Devlyn Steele who is their Director of Education.
They are by far the best gold IRA company that helps you understand the physical gold, silver coins just plain gold and silver coins market. There is a precious metals market that as one of the many gold IRA investors you’ll want to understand and they help you with this.
- The Better Business Bureau looks to them as the premier gold IRA company that doesn’t have an issue as other gold IRA companies do.
You’ll be able to start small and add on over time.
- They allow their clients to start with $50,000 minimum and grow their retirement portfolio over time.
Some of the advice you’d get from your financial advisor is to just sit and wait but they allow you to easily move more and more into your gold and silver products as you see fit. They are the best gold IRA / precious metals IRA company that you’ll find and you need to realize this is something that will help you and your family long term. Whether you’re looking for the gold iRA rollover setup or just find one of the best gold IRA companies out there, I’d highly recommend you look at Augusta.
Andrew’s Take
I’m always looking for the safest way to protect my wealth and this is it. Augusta Precious Metals works with Equity Trust who is the custodian that I have done research on and trust. With all the companies and individuals just lying about everything they do – it’s good to see a team with integrity.
Best For: Trusting with your retirement funds
Sales Process: Educational through a 1:1 web-conference
Customer Support: Best in Class
|
Top Rated Gold Companies |
Features |
More Info |
|---|---|---|
|
# 1
|
Augusta Precious Metals
|
|
|
# 2
|
Lear Capital
|
|
|
# 3
|
American Hartford Gold
|
Lear Capital
They have the best customer service in the industry and they’re able to answer all of your questions right away. If you’re looking for a great gold IRA company this is one you’ll want to look at and I believe that it should be seriously considered.
Key Features & Benefits
- They offer a gold IRA, silver IRA, and a platinum IRA
- They will handle all of the paperwork for you as your new best friend in the gold IRA industry.
- You can fund your account with cash, check, or wire transfer and they make it easy to do so.
- If you’re looking for an easy way to get started with a gold IRA company this is one you’ll want to take a look at. They’re one of the best in the business and will help you every step of the way.
American Hartford Gold Group
Key Features & Benefits
- They offer a gold IRA, silver IRA, and a platinum IRA.
- They have an A+ rating with the Better Business Bureau
- They have been in business since 1974
One of the benefits of going with American Hartford is that they’re one of the most well-known companies in the industry. When you go with a company like this you can be sure that your investment is in good hands and that they will do everything they can to help you succeed. They do have Bill O’Riley as their spokesperson and many people trust him so ask yourself if he’d put his money into this company – would you?
I look at gold individual retirement accounts and the precious metals IRA as a way to make sure you’re building your gold IRA accounts as you should. There are too many options out there and most gold IRA companies are not going to be the best fit for the physical precious metals that you’re looking for in your gold IRA investments.
GoldCo
Key Features & Benefits
- They offer a gold IRA, silver IRA, and a platinum IRA.
- They will handle all of the paperwork for you as your new best friend in the gold IRA industry.
- You can fund your account with cash, check, or wire transfer and they make it easy to do so.
- If you’re looking for an easy way to get started with a gold IRA company this is one you’ll want to take a look at. They’re one of the best in the business and will help you every step of the way.
Birch Gold Group
What Birch Gold Group:
One of the key items that you’ll be able to do with Birch Gold that you can’t with others is get into precious metals other than gold and silver. They do allow you to do this and it’s worthwhile to ask if you’re interested in learning more about this.
Minimum investment: $10,000
Potential of $10,000 of free precious metals
1st Year Fees waived if you open a $50,000+ account
As one of the top precious metals companies that is also a distributor of silver bullion, I’d make sure you understand the minimum investment of each company and if the gold iRA business is their primary. There are many gold IRA services that have gold and silver bullion but you really need to think about what the Better Business Bureau thinks and if you’re considering the gold IRA reviews out there too.
Key Features & Benefits
- They offer a gold IRA, silver IRA, and a platinum IRA.
- They have been in business since 2003
- They are one of the only companies that offers a 1-ounce gold American Eagle for your retirement
- The company is headquartered in Los Angeles, California
As you can see from these key features and benefits, Birch Gold is a top precious metals company that you’ll want to take a look at.
Some of the other gold IRA companies are:
- Oxford Gold
- Regal Assets
- Advantage Gold
- Patriot Gold
- Noble Gold
There are so many options if you want to purchase precious metals but it’s important to understand the details of all the gold IRA providers and choose the right option for your life and investment strategy. Gold IRAs are complicated if you end up finding a service with terrible customer service and possibly something that is not a reputable gold IRA company. Make sure you’re thinking about your investment portfolio and what percentage of physical gold you have before you decide that a gold or silver IRA is not the right fit for you. I didn’t get into details about other precious metals here either but if you’re going to start thinking about collecting physical gold it will be important for you.
What is a gold IRA?
A gold IRA is an Individual Retirement Account that allows you to hold gold bullion or coins in your portfolio.
There are a few benefits of having a Gold IRA:
- Diversification: A Gold IRA can help diversify your portfolio and protect your retirement savings from inflation.
- Tax Advantages: With a Gold IRA, you can enjoy the same tax advantages as a traditional IRA.
- Stability: Gold is a stable asset that has maintained its value throughout history.
If you’re thinking about investing in gold, Augusta Precious Metals is the best place to start. They are a reputable and trustworthy company that will help you get started with your gold IRA. You’ll find that a gold IRA company is one of the best places to hold your assets. In the world where we’re seeing massive inflation and the CPI hitting record highs not seen since 1982 – you know that we’re hitting levels that are worth carrying about.
I was born in 1982 and when I think about the 20% mortgage rates in the early 80s my parents had to deal with it makes me crazy. I always want to consider looking at other investment options and the best gold IRA companies are usually a place that I’d like to start.
How a gold IRA works?
A gold IRA is an Individual Retirement Account that allows you to hold gold bullion or coins in your portfolio.
- You can open a gold IRA through a self-directed IRA custodian such as Augusta Precious Metals.
- With a self-directed IRA, you have the flexibility to invest in a wider range of assets than with a traditional IRA.
- Once you open your account, you will choose a gold dealer to buy gold from and have it delivered to the custodian.
- The custodian will then store the gold for you and provide you with a statement of your account balance.
- To make a withdrawal from your account, you will need to contact the custodian and arrange for the gold to be sold and the proceeds to be sent to you.
How we selected the Best Gold IRAs?
When selecting the top gold IRA companies out there, we look at making sure they aren’t associated to any gold IRA scams and have had the backing of people like Joe Montana’s financial team. One of the most important things in this industry is really understanding if your gold IRA account is being held by a reputable gold IRA custodian who is going to treat your assets like their own.The BBB (Better Business Bureau) and the FTC are really looking to and making sure that many gold IRA companies are following the law. It’s amazing to me that in gold investing and precious metals IRAs that you’re seeing fraud. I’m only looking for companies that are able to make sure you’re money is safe and it’s hard to do when even the best gold IRA companies are trying to figure out how to invest. I trust Augusta Precious Metals and as a gold IRA company, it’s really important that you do too.
Where are precious metals stored in your gold IRA?
Your gold IRA will be stored in a segregated account at a custodian facility.
The custodian will provide you with a statement of your account balance and will also send you an annual report detailing the holdings in your account.
You can arrange for withdrawals from your account by contacting the custodian and requesting that the gold be sold and the proceeds sent to you.
Why invest in gold-based IRAs?
There are several reasons why you might want to consider investing in a gold IRA:
- Gold has outperformed the stock market over the long term.
- Gold is a stable asset that can help diversify your portfolio and protect your retirement savings from inflation.
- Gold is a hedge against economic uncertainty and can provide you with peace of mind knowing that you have a tangible asset that will maintain its value in turbulent times.
- With a gold IRA, you have the flexibility to invest in a wider range of assets than with a traditional IRA.
- A gold IRA can be a good way to hedge against inflation and economic uncertainty.
If you’re considering investing in a gold IRA, be sure to do your research and choose a reputable company to work with.
Augusta Precious Metals is a leading provider of gold IRAs and can help you get started with investing in gold.
What are the benefits of investing in gold?
Gold is a stable asset that has maintained its value throughout history.
Investing in gold can help diversify your portfolio and protect your retirement savings from inflation.
Gold is a hedge against economic uncertainty and can provide you with peace of mind knowing that you have a tangible asset that will maintain its value in turbulent times.
Types of gold you can hold in a precious metals IRA
There are a few different types of gold that you can hold in a precious metals IRA:
- Gold coins: Gold coins are one of the most popular ways to invest in gold. Popular gold coins include the American Eagle, Canadian Maple Leaf, and South African Krugerrand.
- Gold bars: Gold bars are another popular way to invest in gold. They are typically made of pure gold and come in a variety of sizes.
- Gold ETFs: A gold ETF is an exchange-traded fund that invests in gold. The most popular gold ETF is the SPDR Gold Trust (GLD).
- Gold mutual funds: A gold mutual fund is a type of mutual fund that invests in gold.
- Gold mining stocks: Gold mining stocks are stocks of companies that mine for gold.
When it comes to investing in gold, there are a variety of options available to you. The best way to invest in gold will depend on your individual investment goals and objectives.
If you’re looking for a safe and stable way to invest in gold, then a gold IRA may be the right choice for you. Augusta Precious Metals can help you get started with investing in gold and can answer any questions you have about the process.
I’ve also put together some ideas about what to invest in when the dollar collapses but getting into a gold IRA should be at the top of your list. Augusta Precious Metals is the best reputable gold IRA company out there so if you’re looking for the best place to go for gold bullion, gold coins or some kind of precious metal coins – you’ve found it so just go with it.
Gold IRA Companies FAQ
Andrew’s Gold IRA Pick
Augusta Precious Metals is the most trusted gold IRA company
