We’ve seen a lot of economic variability in the last two years. COVID, Cryptocurrencies, and Inflation have all thrown uncertainty into our financial planning.

One route that many people have taken to secure their future is to move some of their retirement savings into precious metals. I’ve written before about how to move some or all of your IRA into a Gold IRA. I’ll cover a bit of why you might want to do that, and review five of the very best companies out there for converting your IRA into Gold.

Why Use a Gold IRA?

There are a few good reasons to use a Gold IRA. The first is inflation. As prices go up relative to common goods (groceries, gas, housing), Gold maintains a healthy relationship to cash currencies.

Another good reason to convert some or all of your retirement account into Gold is for diversification. If the stock market crashes, or even skids, you don’t want all of your eggs in one basket, as it were.

With a Gold IRA, you can be assured that whatever happens to Stocks, Bonds, Currencies, or Crypto, some part of your portfolio is protected.

Best Gold IRA Companies

We ranked these companies based on trustworthiness, ease of use, transparency, and experience. All of them check those boxes, but some of them specialize in certain aspects, like information or ease-of-use. Be sure to read all the reviews to find what’s right for you, and check out the FAQs at the end.

Best Gold IRA Companies in 2022

1. Augusta Precious Metals: Best overall

Founded in 2012, Augusta offers full-service Gold IRA packages, as well as physical purchases of gold and silver bars and coins. You can ask them any question, any time, with their lifetime customer service.

Augusta brings an educational approach to Precious Metals IRAs, and it shows. They were founded by Isaac Nuriani, who has a wealth of experience in helping seniors with financial planning, and he’s a member of financial ethics organization Ethics.net.

In addition to that, they have a full time senior leadership position called Director of Education, and it’s currently held by Devlyn Steele. His passion is reflected in a portion of their website devoted to education resources.

The fact that they offer sections on Risk Disclosure and how to avoid high pressure sales tactics speaks to their trustworthiness and transparency. And their passion for ease and their experience setting up accounts is reflected in their simple, 1-2-3 approach to setting up an account.

Step 1: Create Your New IRA

With Augusta's preferred self-directed IRA custodian

Step 2: Fund Your Account

With dollars from your existing retirement account

Step 3: Buy Gold or Silver

You choose and order with Augusta's order desk

Augusta doesn’t charge management fees, but you will pay to set up your account, and like with all precious metals IRAs, you will pay for your own deposit and security fees with the gold custodian.

Pros

  • Committed to Education.
  • No high-pressure sales tactics.
  • Endorsed by football legend Joe Montana.
  • No management fees.
  • Cash/physical purchase options available.

Cons

  • Prices aren’t listed upfront.
  • Signing up prompts you to download (and read) a lot of material.

Overall, I recommend Augusta as an overall Gold IRA company. They have over ten years in the industry, and their leadership has a combined experience of decades. You can be sure that when you go with Augusta, you’re getting the best in the industry.

If you want to read more about Augusta Precious Metals, check out our full review here.

2. Goldco: Best-Endorsed Company

If reputation and spokespersons are important to you, then Goldco may be the best option for you. Their homepage features articles and endorsements from Sean Hannity, noted personality Ben Stein, and even showcases a legal-tender release of Chuck Norris coins from the New Zealand Mint.

In addition to their endorsed articles, they have a full library of Gold IRA, Investing, and Central Bank articles, plus a reviews section that shows some real people and their real experiences with Goldco.

Speaking of those reviews, Goldco has an A+ Rating from the Better Business Bureau, and a Triple A from the Business Consumer Alliance. Speaking of their Better Business Bureau reviews, they have three hundred with an average of 4.8 stars.

One last note on Goldco. There is a mechanism in precious metals IRA programs called buy-back. It refers to the idea that if you want to quickly unload your assets (gold or silver), and don’t have time to put the assets on the market, you can sell them directly to your Gold IRA company. In the case of Goldco, they tout the highest offered prices on buy-backs.

Pros

  • Endorsements from prominent public figures.
  • Wealth of articles and reviews to read. 
  • Free start-up kit and guide.
  • High buy-back rate. 

Cons

  • Some articles on their website have a political bias.
  • Prices aren’t visible on their website..

My bottom line on Goldco is their endorsements. A lot of Gold IRA companies offer the same basic services, and without being able to see their prices, we have to distinguish them based on what people are already saying about them. If the opinion of public figures weighs on your decision making process, then Goldco is for you.

If you want to read more about Goldco, check out our full review here.

3. Birch Precious Metals: Most Expertise

Knowledge is power, and Birch Gold Group has been gathering information and knowledge for nearly twenty years. They’ve been in the Precious Metals IRA game since 2003, and they’ve got their finger on the pulse of the entire market of Gold, Silver, Platinum, and Palladium.

It’s important to note their inclusion of Platinum and Palladium, because they are two often overlooked investment avenues. Palladium had been so mystical that the BBC devoted coverage to it just two years ago.

While every Gold IRA company is legally speaking a self-directed precious metals IRA, not every company has the knowledge and expertise to confidently court your business in Platinum and Palladium. And that’s where Birch really sets themselves apart.

And while many companies boast of the historical value of gold and other precious metals, Birch has done the research, crunched the numbers, and has made those data available to you, the consumer.

In addition, Birch is transparent and upfront about their pricing, which is based on flat fees, regardless of transaction amounts.

One-Time Fees:

Account Set Up Fee: $50

Wire Transfer Fee: $30

Annual Fees:

Storage/Insurance: $100

Management Fees: $100

They also promote a free first year of fees if you transfer over $50,000 into your new Precious Metals IRA.

Pros

  • Offers all four precious metals as physical or IRA purchases.
  • Upfront pricing.
  • Flexible storage and custodian options.
  • BBB, Trustpilot, and Trustlink rated. 
  • Nearly twenty years of experience. 

Cons

  • Minimum $10,000 purchase for IRA and physical investments.
  • Scrolling prices and requests for personal information on the homepage can be off-putting.

If you want to read more about Birch Precious Metals, check out our full review here.

4. Noble Gold Investments: Simplest to Use

Planning for retirement isn’t exactly fun. I can’t think of anyone who lists it as their favorite weekend activity. That’s why it was so nice to interact with the website for Noble Gold.

As soon as you land on their homepage, you’re greeted by two big yellow buttons: Download the Guide, and Get Started. Couldn’t be more simple. 

If you ever get stuck on a page at Noble Gold, simply scroll to the bottom and find their very helpful FAQ button. Not only that, but if you click the “Call” option, you can make the direct phone call to an expert right from your computer.

When I clicked on their FAQs I was greeted by another pleasant surprise: they have a straightforward explanation of their management and set up fees. While the prices listed are only for Custodial Fees, it’s still more than some websites can list right upfront.

Noble Gold, like many other IRA companies, also offers physical gold purchasing options, and here their ease-of-use really shines. If you’re interested in owning physical gold, but aren’t sure which coins or bars to purchase, or in what amounts, you can purchase flat-rate, curated collections of gold and silver coins.

These investment packages are demarcated by “rank,” starting at Noble Knight for $10,000, and ranging all the way up to Duke, for $500,000. All of these packages are designed for actual use and a real emergency. Small coins are included should disaster strike and you need to use physical money, while large bars are offered for use with long-term planning.

Pros

  • Upfront custodian fees.
  • Simple, easy to use process and website.
  • Physical Gold and Silver options are made simple.
  • Secure storage and discreet shipping.

Cons

  • Investment minimums may be high for some consumers.
  • No Platinum or Palladium IRAs listed.

If you’re looking for a straightforward, get-it-done approach, I recommend Noble Gold. They have streamlined their gold and silver options to only the most popular and sought-after coins to make sure you never get bogged down in minutiae.

5. Oxford Gold Group: Most Informative

With all the information floating around out there, about every topic from science to politics, it can be difficult finding a source you can trust. That’s why I was so gratified to find the website for Oxford Gold to be so informative and accurate.

I’ve done a lot of research into Gold IRAs, and much of what I learned I had to glean from financial news, reading the IRS website (not fun), and speaking with financial advisors. But I can confidently say that much of what I learned can be found in the informational articles linked right from Oxford’s homepage.

In inviting you to set up a precious metals IRA, they also acknowledge that it’s about diversification–not putting all your retirement into any one market. This kind of honesty–that you should put a little bit of something into most of the indices–encouraged me right away about Oxford.

In addition to that, they have in-depth explanations about the difference between IRA and physical investing, and the differences between bullion and numismatic coins. 

In addition to providing quality information upfront, they also promise to tailor their investment advice to your situation, rather than give you a cookie-cutter package that might not work for you. All this has given them some impressive ratings and credentials from business watchdogs.

Pros

  • Excellent information for the beginner.
  • In-depth explanations.
  • Highly rated and trusted.
  • Provides Gold, Silver, Platinum, and Palladium investment options.

Cons

  • No upfront pricing.
  • Didn’t see clear options for Platinum or Palladium IRA accounts.

If you’re looking for a company that can spell out the details of every aspect of precious metals investing, I recommend giving Oxford a visit. They have a toll free number, and you can look up just about any part of Gold or Silver IRAs you can think of.

Final Thoughts

In the end, only you can know what’s right for you and your family. I don’t recommend financial companies lightly, and I’ve looked into each of these firms extensively. Despite all the volatility in the markets and in the world, Gold and other precious metals have remained competitive, if not out performed other currencies.

If you’re looking to invest some of your retirement into precious metals, I highly suggest checking out the five companies I reviewed, based on which seems like the best fit for you. All of them have free information guides, and it wouldn’t hurt to reach out to a few of them to compare pricings.

No matter which you go with, pick the one that you know is taking care of you, and make your choice with confidence.

Related Articles: What Happens to Personal Loans When You Die? Best Debit Cards that Build Credit

FAQs

Can I Set Up a Tax-Free Gold IRA?

 Yes. You can set up either a Roth or Traditional Gold IRA, either avoiding taxation on the investment or the withdrawal.

How Will I Know Which Company is Right?

Within five minutes of talking, you’ll know. They’re all excellent companies, and it will come down to which of them can answer your personal questions about your unique circumstances.

Can I Open More Than One Gold IRA?

Absolutely. You can open as many IRAs as you like, with as many precious metals as you like. That could mean a Gold IRA and a Palladium IRA, each with a different company.

About the author 

Greg Lorenzo

Greg is a financial expert who has been advising his audience on loans for over 10 years. He has a wealth of knowledge and experience in the area, and he is passionate about helping people get the best possible deal on their loans. Greg is an expert in negotiating loans, and he has a proven track record of getting his clients the best possible terms. He is also a strong advocate for financial literacy, and he regularly gives workshops and seminars on the topic.

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