I’ve covered a lot of ground in the Gold IRA department, and for good reason. Investing in gold can be a great hedge against inflation and help diversify your portfolio in uncertain economic times.
In this article I’ll compare Rosland Capital, Lear Capital, and Goldco to determine which is the better Gold IRA company. If you still have questions, be sure to check out the individual reviews I’ve already written, and the review of the absolute Best Gold IRA companies out there.
What All Three Do Well
Before we go forward, I should note that there are some very important functions that all three companies perform very well. Without these basic services, I wouldn’t even bother writing reviews of these companies.
Not only can Lear, Rosland, and Goldco meet your needs in these areas, they can exceed your expectations.
Many folks want to invest in precious metals as diversification, and if that’s the case for you, then Rosland, Lear, and Goldco can help you transfer some or all of your existing IRA account into a Gold IRa. Goldco seems to make this process the easiest, however, and Rosland Capital doesn’t offer a lot of information upfront about this service.
Before we continue...
We have worked very hard to review, research and reveal the most important pieces of information that investors need to know before investing their money. We have been able to narrow a list down to the top 5 gold IRA companies.
What Each One Does Best–that the Other Two Don’t
Now we come to the meat-and-potatoes of the review. It’s nice to know that all three can help with IRAs, Rollovers, and Physical Gold purchases. But now we’ll start to see how each of them separates themselves.
Rosland’s Biggest Pro and Con
Perhaps the biggest thing that sets Rosland apart is their promotional and special products lines. But this is also their biggest drawback. They are always innovating new and eye-catching products and packages to appeal to the first-time consumer.
There is a downside to this, though. Some of their products are novelty coins, that aren’t IRS approved for an IRA, and aren’t legal tender in any way. That means that while you are receiving .9999 fine gold, you cannot store it in a retirement account, and you cannot spend it.
Some of their specialty coins include Formula One, PGA, and British Museum coins that are available nowhere else. In addition, on their website as of this writing, they are offering a free $1,000 in gold for every $20,000 purchase.
Again, this is a big Pro, but the Con is the fine print on this offer: this free $1,000 is not legal tender, and Rosland won’t buy it back or take it in trade if you’re not satisfied with the coins they send, which means the $1,000 is probably novelty coins that aren’t legal tender.You can read my full Rosland Capital review to learn more.
Lear Capital’s Biggest Pro and Con
Lear Capital has been in the Gold IRA market for over twenty years, and they’ve developed a stellar reputation for great customer service. One of the things I like best about their IRA program is that they will cover storage and maintenance fees for certain packages, in some cases for up to three years.
That means that investing a substantial portion of your IRA or 401(k), anything over $75k, they will send you a reimbursement check for all of your storage fees. In addition to that, their yearly fees, through affiliates, are only $200, or less than $20 a month.
Another thing I like about Lear is that they know not everyone is in a position to invest that much, but they still want to help out. With any investment over $10k, Lear Capital will cover your set-up fee.
Lear Capital’s biggest Con is their pricing for certain coins: it’s simply not available unless you call. They are working on this, however, and have a Smart Tools app that you can download right to your phone. You can also read more about Lear Capital in my review of them.
What Makes Goldco Special
Before going on, I should note that of all three of these companies, only Goldco made my list of the 5 Best Gold IRA Companies, and it wasn’t for just one or two things. Goldco has built up a relationship with not only its customers, but even its celebrity spokespeople.
As you can read about in my review, Goldco not only has one of the highest customer satisfaction ratings from the Better Business Bureau, but they are also active on the BBB website to help resolve the few complaints there are.
I’m going to stress this again, because it’s hugely important to me as a financial writer. Not every company is going to be perfect, and I judge a reputation on what a company does to set things right more than anything else.
Part of their reputation is their buyback program, which you can see in action through their BBB customer responses. If you’re ever unhappy with a gold purchase from Goldco, they will offer to buy it back at an industry leading rate.
Many Gold IRA companies simply don’t have buybacks, and if they do, they will offer substantial discounts–to themselves. Not at Goldco. They know that their success depends on your satisfaction, and they work hard to earn it.
Breakdown by Category
Now that I’ve taken you through some individual characteristics, it’s time to declare some winners in some of the most important categories. I’ll follow a format familiar to many of my readers, first looking at Fees, then Trustworthiness, and finally Education.
Like I mentioned above, there is no real comparison for Lear offering to cover all set-up and storage fees for up to three years. I need to note, however, that Goldco does offer similar offers, but they don’t advertise the specific figures on their website.
Trustworthiness Winner: Goldco
This is a no-brainer, for me. Not only do they have the personal use and endorsement of people like Sean Hannity, Chuck Norris, and even Ben Stein, but their engagement on websites like the BBB show a commitment to not only customer satisfaction, but issue resolution.
Markets are volatile, right now, and having a company like Goldco that is willing to hear your concerns about fluctuating prices–and is willing to work with you toward your satisfaction–means the world.
Education Winner: Goldco
Again, this was a relatively easy choice. Goldco wins this category. Not only is their website the easiest to use and navigate to the information you’re looking for, but you can request a free information kit with the click of a button.
This information kit is packed with all the answers to Gold IRA questions you may have been asking, and you can even chat via text live from their website if you have questions before the kit arrives.
Overall Winner: Goldco
Goldco gets the nod in this three-way contest, and it really comes down to a few key details. Not only do they offer the best customer service and reputation, but they don’t have as many missing gaps in their information.
Lear Capital has a great product, but some of their website gets a bit muddled, and their lack of information keeps them out of the Winner’s Circle. Rosland, meanwhile, seems more focused on novelty offerings than Goldco, who has curated their list to only the most desirable IRA-eligible products.
Not only does Goldco have one of the easiest to read Gold and Silver Coins pages I’ve ever seen, it also has the most important information. Combined with their celebrity endorsements and reputation, Goldco takes the win.
No, they’re not. Unfortunately there are a lot of hucksters and frauds. Always read around, like in my related articles, to make sure you’re with a legit company.
Yes, they do when those celebrities are actually invested with that company. Remember, it’s one thing to go on TV and do a commercial–it’s another when someone like Chuck Norris or Sean Hannity actually recommends it to friends and family.
No. In fact, most financial advisors recommend keeping some of your retirement in stocks, some in bonds, and some in precious metals.