Best Precious Metals Companies 2022

Economic volatility has been prevalent over the past two years. The global ramifications of rising inflation and COVID have brought uncertainty to our financial planning. One strategy many people are now using to secure their future is moving some of their retirement savings into precious metals.

Reasons to Use a Gold IRA

There are many benefits to using a Gold IRA. Because inflation is impacting the market, converting some or all of your retirement funds into gold for diversification purposes could be a smart move. No matter what happens to stocks, bonds, currencies, or digital assets, a gold IRA can protect a portion of your portfolio.

The Best Precious Metals Companies in 2022

To help you make an informed decision, we've evaluated the top gold IRA providers based on reliability, reputation, precious metal selection, and gold IRA reviews.

Overall Best: Augusta Precious Metals

Founder and CEO Isaac Nuriani established Augusta Precious Metals in 2012. A member of the financial ethics group Ethics.net, he has extensive experience assisting seniors with planning. 

Along with physical purchases of gold and silver bars and coins, Augusta provides full-service Gold IRA packages. The company is renowned for its thorough customer service and open business practices, offering comprehensive and individualized lifetime customer support service.

Customers have full access to a skilled Harvard-educated analytics team, which includes Director of Education Devlyn Steele. Devlyn’s enthusiasm is evident in the scope of their website featuring educational resources on the economy and precious metals. The company also offers a gold buy-back program, which they sat cannot be guaranteed. Policies are subject to modification. 

Augusta does not charge management fees, but you will need to pay to set up your account and cover the deposit and security costs with the gold custodian. With Augusta, you are in very capable hands.

Pros and Cons of Augusta Precious Metals 

Pros

  • Account setup is simple.
  • Bullion prices for gold and silver are competitive.
  • They offer a transparent fee structure.
  • A streamlined strategy that begins with client education.
  • Augusta does not charge management fees.
  • Constant customer support from passionate experts.

Cons

  • They don't list the prices.
  • You get prompted to download many documents when you sign up.

Best Recommended Company: Goldco

Trevor Gerszt founded California-based Goldco Precious Metals in 2006. Online reviews of the company have been overwhelmingly positive since then. Goldco is well-respected in the industry, ranking above competitors and on par with notable rivals. It offers investments in precious metals like gold, silver, platinum, and palladium, and claims to offer the highest buy-back prices. You should consider Goldco if you value a company's reputation and recommendations. 

Former presidential candidate Ron Paul has endorsed Goldco for gold and silver IRAs. Ben Stein and Sean Hannity contribute articles and endorsements to the company homepage. Goldco also displays a legal-tender release of Chuck Norris coins from the New Zealand Mint.

The prestigious American Business Awards selected Goldco as the financial services category's company of the year for 2021. The Los Angeles Business Journal named it the region's fastest-growing business in 2021.

Pros and Cons of Goldco

Pros

  • New customers are eligible for special offers.
  • Education resources are plentiful.
  • They have endorsements from high-profile public figures.
  • They offer a high buy-back rate.

Cons

  • Their website contains nonobjective political articles.
  • They have not listed any prices on their website.

Best Skilled: Birch Precious Metals

Established in 2003, Birch Gold Group possesses market credibility and a strong performance reputation, two crucial components of the precious metals industry. 

Their wealth managers and financial consultants bring a plethora of expertise to the table. The company makes the process of a gold IRA setup simple – thanks to its wealth of experience and dedication to providing exceptional customer service. IRA investments in physical gold, silver, platinum, and palladium are possible, as well as a personal possession of these metals.

Birch Gold focuses on client education. They make it a point to inform clients of the advantages and risks of investing in precious metals while taking care of each investor's goals. 

Technically, all gold IRA providers are self-directed precious metals IRAs. However, not all providers have the experience and knowledge to promote their business – this is where Birch distinguishes itself.

Pros and Cons of Birch

Pros

  • Birch offers physical or IRA purchases of four precious metals: gold, silver, platinum, and palladium.
  • Transparent pricing.
  • Flexible options for custodians and storage.
  • Trustlink, Trustpilot, and BBB ratings.
  • Almost 20 years of experience.

Cons

  • For IRA and physical investments, the minimum purchase is $10,000.
  • It can be vexing to scroll through prices and see personal information requests on the website.

The Most User-Friendly: Noble Gold Investments

Established in 2016, Noble Gold sells collector coins. Their Royal Survival Packs is an option for efficiently obtaining precious metals. 

The website's user-friendly interface sets them apart. They also provide a clear explanation of their management and setup costs. The company runs a gold buy-back program as well. They provide a web-based tool for managing your account so you can access your information whenever you want.

Like other IRA providers, Noble Gold also provides options for buying tangible precious metals, but their user-friendliness is a cut above the rest. 

To prevent you from getting mired down in details, they have reduced the selection of gold and silver coins to only the most popular and desired coins.

Pros and Cons of Noble Gold

Pros

  • They provide transparent custodian fees.
  • A no-frills, intuitive website, and easy process.
  • Simplified physical purchase for gold and silver options.
  • Discreet shipping and secure storage.

Cons

  • For some consumers, the investment minimums may be high.
  • Platinum and Palladium IRAs are not listed.

Best Educational: Oxford Gold Group

President and co-founder Patrick Granfar established the Oxford Gold Group in 2017. The company offers a plethora of accurate and insightful information. 

When they invite you to open a precious metals IRA, Oxford Gold makes it clear that precious metals investment is about diversification, not investing your entire retirement in one market. Such honesty is reassuring.

Their website goes into great detail to explain the distinctions between bullion and numismatic coins and IRA and physical investing. In addition to supplying accurate information up front, they guarantee to customize their investment advice to your needs rather than giving you a pre-packaged solution that might not be suitable for you. 

Business observers have given them some remarkable scores and credentials. If you're looking for a business that can explain every aspect of investing in precious metals in detail, pick Oxford Gold.

Pros and Cons of Oxford Gold

Pros

  • Great advice for newbies.
  • Detailed guidelines.
  • Widely respected and reliable.
  • They offer investment options in gold, silver, platinum, and palladium.

Cons

  • No price disclosure.
  • No options for palladium or platinum IRA.

Bottom Line

The demand for gold and other precious metals has remained strong despite the volatility in the world markets. While we have done in-depth research on each of these companies, the decision that is best for you and your family is ultimately yours to make.

When investing some of your retirement funds into precious metals, we recommend checking out the five companies reviewed here. Contact them for free information and to compare prices.

FAQs

How can I tell which precious metals company is best for me?

You can make an informed choice if you shop around and compare prices. It will come down to which of these excellent businesses can meet your specific needs.

Is gold subject to taxation?

Gold IRAs provide tax benefits while diversifying your retirement portfolio. A Gold IRA does not have any tax repercussions if you transfer or roll over a portion of your current IRA account.

What advantages come with purchasing gold and silver through an IRA?

Since the value of your metals is frequently unrelated to other assets, owning tangible, physical, inflation-hedging gold and silver can assist in diversifying your savings. The value of your metals can increase tax-deferred or even tax-free (Roth IRA) if you purchase them inside a self-directed IRA. You can avoid paying fees for portfolio management by making your purchases with a gold IRA.

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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