Best Gold IRA Companies 2022 – Planning Your Retirement

With our help, you can ease your mind knowing that your retirement is in good hands with one of the most qualified gold IRA companies. 

These companies offer:

  • 5-star customer feedback
  • The highest level of global accreditations
  • A secure depository for storage
  • Flexibility to meet every concern
  • Lifetime customer support

We found 15 gold IRA company contenders via my rigorous review process. Then, I chose those with the highest consumer ratings from reliable organizations like the Business Consumer Alliance (BCA) & the Better Business Bureau (BBB). That left 10 companies.

To find the best gold IRA accounts, I screen companies for the best customer support, compliance assistance, transparency, education, and fees & prices.

#1 – Augusta Precious Metals

#2 – Goldco

#3 – Birch Gold Group

#4 – Regal Assets

#1. Augusta Precious Metals

Quick Summary of Augusta:

  • Up to 10 years of fees waived
  • Thousands of 5-star ratings from clients
  • No-pressure sales strategy
  • Account lifetime support
  • Unique one-on-one web conference with Harvard economist

Augusta Precious Metals, founded in 2012, is one of the top gold IRA businesses and has provided educational investment opportunities to help you make the best decision with your money.

They offer a personal one-on-one web conference with Devlyn Steele, the Harvard-trained economist on their staff.

This customer-centric strategy has garnered them heaps of five-star reviews and not a single complaint to the BCA or BBB in the entire time they have been operational.

Even Joe Montana and his financial advisors, who are experts in the field, decided that Augusta Precious Metals was the best choice for managing his gold IRA. After an exhaustive review of all possible companies, they determined that Augusta had the strongest reputation, was the most transparent about their prices and processes, and offered competitive pricing.

Augusta’s 2022 ratings:

Business Consumer Alliance: AAA

Better Business Bureau (BBB): A+

Scam Report: N/R

Trustlink: ★★★★★

Consumer Affairs: ★★★★★  

Trustpilot: ★★★★★

Augusta Precious Metals Fees & Minimum Investment:

Annual custodial fee

$80

Annual depository storage fee

$100

Minimum investment

$50,000

Augusta Precious Metals Promotions:

  • Up to 10 years of fees waived on certain investments
  • First year of fees waived for investments over $50,000

Augusta has four departments dedicated to each client, and they’ll work together for as long as you’re with the company. We want to ensure that we deliver great service and meet your needs every step of the way– all while keeping everything easy for you to understand.

Augusta Pros & Cons

Pros

  • The only gold IRA company without a single complaint to the BCA or BBB since 2012
  • Thousands of 5-star ratings from clients
  • Endorsement by high-income customers like Joe Montana
  • Up to 10 years of fees waived
  • No-pressure sales strategy: No wonder this company has received award-winning recognition for its account lifetime support.

Cons

  • $50,000 IRA minimum
  • Only gold & silver (no platinum/palladium)

#2. Goldco – Best Pricing

Goldco Precious Metals is an IRA provider in the United States specializing in self-directed gold and silver IRAs and directly purchasing physical gold.

It is one of the older gold investment firms founded in 2006. They have years of expertise and a wealth of client feedback to back it up.

Once you’ve signed up with Goldco, an account manager will guide you through the IRA procedure while ensuring that you succeed in your investing objectives.

Then, as soon as you’ve completed your training course, they’ll be there for you with any questions or issues you might have. Goldco does not push you or lead you in any direction unless you ask them to.

Goldco has an A+ rating from the BBB and is one of the fastest-growing companies in America, according to Inc. 500, a famous private business ranking system.

“Goldco is the company I recommend to my audience, friends, & family. “

-Sean Hannity

Goldco’s ratings as of 2022:

Business Consumer Alliance: AAA

Better Business Bureau (BBB): A+

Scam Report: N/R

Trustlink: ★★★★★

Consumer Affairs: ★★★★★  

Trustpilot: ★★★★★

Goldco Fees & Minimum Investment:

Annual custodial fee

$80

Annual depository storage fee

$100

Minimum investment

$25,000

Goldco Pros & Cons

Pros

  • No additional fees or hidden penalties
  • Competitive pricing
  • Many years of experience 

Cons

  • Only gold & silver (no platinum/palladium)
  • Minimum investment $25,000

Birch Gold Group

Birch Gold Group specializes in helping their clients set up Precious Metals IRAs so that they can diversify their portfolios and make their retirement years more secure. If you have been considering investing in precious metals, keep reading for a comprehensive review of what Birch Gold Group offers, how to invest your money with them, and how to set up a Precious Metals IRA.

Birch Gold Group

About Birch Gold Group

The Birch Gold Group, based in Burbank, California, was founded in 2003 and has grown to become one of the top precious metals firms in the United States in less than 20 years. They have one mentality that runs through everything they do: to assist their clients to reach the necessary level of knowledge to make optimal decisions for their futures. There is always a team member on call ready to assist at a moment’s notice, and working together provides several benefits.

Birch Gold Group Review About Birch Gold Group

Every member of the company adds something to the company. Their backgrounds span a wide range of professions, companies such as Dun & Bradstreet, IBM, and Citigroup, to name a few.

The Birch Gold Group has been granted an A+ from the Better Business Bureau and an AAA from the Business Consumers Alliance. GoldDealerReviews.com and Consumer Affairs, both prestigious review sites, have ranked the Birch Gold Group very high in their ratings.

Birch Gold Group specializes in Precious Metals IRAs, self-directed IRAs where the owner possesses precious metals instead of stocks or bonds.

They made it easier to get started with them by streamlining the procedure. The choices are either to transfer money into your new account or rollover an existing retirement plan.

Not sure whether your retirement plan qualifies for a rollover? consult with one of the Birch Gold Group team members. They will be able to answer any questions you have about it. Some examples of accounts that may be eligible for rollovers are 401(k)s, 403(b)s, 457s, TSPs, Roth IRAs, SEP IRAs, and SIMPLE IRAs.

Birch Gold Group Review Precious Metals IRAs

Before you can open an account, you’ll need to choose how you want to fund it. The Birch Gold Group only works with high-rated custodian companies like Equity Trust and STRATA Trust. Once that is done, the next step will be to choose the precious metals you desire to hold in your account. If you are undecided, a specialist from the Birch Gold Group will be able to help you with suggestions or answer any questions you might have to make sure your account holds what YOU Need.

Features

  • Have been in the sector for almost twenty years.
  • Their goal is to educate their customers, helping them make better and more informed decisions about their financial future.
  • A+ rating from the Better Business Bureau and AAA from the Business Consumer Alliance.
  • Investing in precious metals with them will keep your portfolio diversified and protected in front of these days’ volatile market.
  • Large selection of precious metals approved by IRA.
  • Delaware Depository of Brink’s Global Services: two top-of-the-line secure storage companies to choose from.
  • Free information kit, no strings attached, to help you understand both the company and what Precious Metals IRAs are.
  • The abundance of free resources on their website.

Pros

  • Abundance of free resources on their website.
  • Delaware Depository or Brink’s Global Services, two top-security storage services companies to choose from.
  • Not sure if Birch Gold Global is for you? Ask for the free information kit or why not call and ask directly to one of their representatives.

Cons

  • Less variety than other companies when it comes to choose the coins and bars you want in your Precious Metals IRA.

Regal Assets

Regal Assets is a well-known Forbes Finance Council member and ranked #20 in the INC 500’s financial services category. Regal Assets puts its customers first, providing transparent advice, products, and services that are custom tailored to each customer’s needs. No more pushy sales!

Regal Assets Review

Tyler Gallagher specifically selected a team of experienced investment advisors so that your first call to Regal Assets will be informative and helpful, dispelling any doubts you may have.

Gold and Precious Metals IRAs Through Regal Assets

Regal Assets’ clients can set up a Precious Metals IRA or self-directed IRA, where the IRA holds precious metals instead of stocks or bonds.

If you’re interested in working with them to open a Precious Metals IRA or even rolling over an existing retirement account, surf the website and fill out the form. Afterward, a member of Regal Assets’ team will contact you to help finish setting up your account.

Some retirement accounts, unfortunately, aren’t eligible to be turned into a Precious Metals IRA–be sure to ask about this when speaking with the representative. For example, 401(k)s, SEPs, TSPs & 403(b)s are all eligible to be rolled over.

IRA-Approved Coins and Bars

For gold, silver, platinum, or palladium to be held in a Precious Metals IRA account by the IRS, the metals must have certain purities: gold at least 99.5%, silver at 99.9%, and platinum and palladium each ~~has a purity of~~ 99.95%.

Features

  • Possibility to invest in precious metal plus cryptocurrencies.
  • Direct help setting up a new self-directed IRA or rolling over a previously existing retirement account.
  • Diversify your portfolio and secure your financial future with a Precious Metals IRA.
  • Choose from a wide selection of coins and bars in gold, silver, platinum, and palladium.
  • Possibility to buy Franck Muller Bitcoin watches.
  • Six ready-to-go packages if you are not sure where to start.
  • Segregated storage: something not to be forgotten.
  • Flat fee for said segregated storages.
  • Interested in learning about all this? ask for the free precious metals investment kit.

Pros

  • Can invest in cryptocurrencies.
  • Take advantage of Regal Assets partnerships with various secure segregated storages around the globe, if you are purchasing precious metals.
  • Helpful, knowledgeable, and not pushy team.

Cons

  • A somewhat less extensive selection in coins and bars than other companies in the sector.

Precious Metal Investing FAQ

What is a Gold IRA?

There are two components to a Gold IRA account: an IRA and gold. Gold is a precious metal that has been used as a secure investment for ages and is known for holding its value.

Unlike the US dollar, which can rapidly lose value due to inflation, precious metals are a great way to protect your finances.

Precious metals are excellent since they’re the real deal, whereas gold, the material that once backed the U.S. dollar but no longer does, is a commodity that is backed by reality itself. It’s dependent on the government that prints it to guarantee its value.

While comparing the value of US dollars and gold over time, one must consider inflation. For example, in 1970, an ounce of gold was only $35, but as of 2021, that same ounce is now priced at $1,800. This means that if someone had held onto their 35$ from 1970, it would still be the equivalent amount today BUT wouldn’t have nearly as much purchasing power.

Let’s start with what an IRA is. An IRA, or Individual Retirement Account, is a type of retirement account that allows you to invest in stocks and bonds without paying taxes on the money until you retire at age 70 1/2 if you are under the age of 50 at the time of your first withdrawal from the account or 59 1/2 if you have a disability.

IRA stands for “Individual Retirement Account”

Traditional IRAs have many benefits, including that your pre-tax funds are invested into your retirement. Another great perk is that your account grows without being subject to capital gains or dividends.

You won’t pay any income tax on the money in your IRA until you withdraw it later down the road.

A Roth IRA is similar to a Traditional IRA but can only contain equities, bonds, or cash. To summarize the ideas above, you get a gold IRA, an individual retirement account backed by gold.

There are many ways to invest in gold, including through physical bars and coins or by investing in other precious metals. The “traditional” approach is an IRA backed by stocks and bonds. However, you can also set up a gold IRA account with post-tax or pre-tax income.

Gold IRA FAQ

Gold IRA Meaning

A gold IRA is an Individual Retirement Account that allows investors to hold gold and other precious metals.

How Does a Gold IRA Work?

A gold IRA is similar to a traditional IRA. However, the former allows investment in gold and other physical precious metals. This is incredibly advantageous because Americans can invest without paying capital gains tax.

What is a Gold IRA Company?

A gold IRA company is a business that can help you buy gold and set up your Gold IRA as per IRS guidelines. In addition to a gold IRA company, you will need a Gold IRA Custodian and security depository to keep your gold safe.

The best Gold Investment companies in the USA help with this process and even take care of it all for you. 

Is there a cost of opening a Gold IRA account?

Fees are common with Gold IRAs, as they are with most investment vehicles. The initial year’s cost typically ranges from $250 to $300; after that, it goes down to about $150 per year. The minimum amount you must invest in your account is determined by the firm you choose to work with. This minimum may range from $5,000 to $50,000.

Is Gold Allowed in an IRA?

A Gold IRA, sometimes known as a “precious metals IRA,” allows you to invest in gold and other precious metals. Gold, silver, platinum, and palladium may be included in the four valuable metals.

Benefits of a Gold IRA- Why Should I Get One?

The benefits of a Gold IRA begin with the diversification of your retirement portfolio in a tax-advantaged manner.

One of the best ways to finance your Gold IRA is through rollovers or transfers that don’t result in taxes when done correctly.

Can I Avoid Capital Gains Tax on Gold?

If you invest directly into a gold IRA in the United States, any amount of gold will be exempt from capital gains tax.

If you’re investing in a different country, you may be subject to various taxes and fees. 

The United States does not have capital gains tax on gold or silver purchased for an IRA.

Is Gold a Good Investment for Retirement?

Gold can be a great addition to your retirement account. It helps protect against inflation and usually does well when the US dollar is weak.

Which Is the Best Gold IRA Custodian?

When signing up with Augusta, we recommend using Equity Institutional & Self Directed IRA as your gold IRA Custodian. They are the preferred custodian for most customers.

Is it possible to take physical possession of gold in an IRA?

The Internal Revenue Service does not enable you to store your IRA-approved gold in home storage, even though you are allowed to purchase and keep gold at home. IRS Code Section 408 states that your IRA precious metals must be deposited with a trustee.

Physical Gold IRA

Your Gold or Precious Metals IRA invests in real gold and other precious metals. You have the option of investing in Gold ETFs with a Gold IRA, but I don’t think it’s a good idea.

Before You Decide to Invest in a Gold IRA, Here’s What You Need to Know

Gold IRAs come with many small details you need to consider- rules and regulations to comply to. A gold IRA is technically a self-directed IRA, meaning specific IRS rules must be followed. In the section below, I address different investment options, rules, regulations, and more associated with this type of Retirement Account.

Options for Investing in Gold IRA Accounts

Before investing in a gold IRA, you must understand what is omitted. In addition to gold, silver and platinum are viable investment options approved in the form of bullion bars or coins; however, the purity of your displaced gold coins or bars must meet 0.995 or higher.

The IRS does not allow any assets deemed as “collectibles” to be invested in through a precious metals IRA. This is because they generally do not meet the purity standards required.

Although “paper” investments, which are essentially stocks or bonds,  are approved by the IRS, I would not recommend them.

Paper investments, also known as exchange-traded funds, or ETFs, include:

-Precious metal mutual funds

-Stocks in gold mining companies

-Precious metal commodity futures

-Gold commodity exchange-traded funds

From a tax standpoint, what are the rules and regulations for Individual Retirement Accounts (IRAs)?

The IRS is, like any other investor, interested in your company. It follows the same rules as other investments, including having its nose deep in your business and slapping a list of restrictions on what you can and cannot do.

How is Gold Taxed in a Gold-Backed IRA?

When you take your real physical metals out of the vault (also known as a distribution), you must pay income tax on them, not capital gains tax. Unless you have an exception stipulated, any early distributions are taxable at a rate of 10%.

Is a Gold IRA Tax Deductible?

The IRS defines a gold IRA as an individual retirement account that invests in precious metals, such as gold and silver. They are also tax-deductible, just like conventional IRAs.

How Do I Avoid Capital Gains Tax on Gold?

By investing in gold through a Gold IRA, you can avoid capital gains tax on the gold, as opposed to if you were to just purchase physical gold outside of an IRA.

Early Withdrawal Exceptions

Although you usually will get a 10% tax on any early withdrawals, some exceptions include: 

  • IRA owner has to pay medical bills and doesn’t have the funds
  • IRA owner dies and the beneficiary can get access to the funds
  • IRA owner loses employment
  • IRA owner wants to do a first-time home purchase (can take up to $10k)
  • IRA owner wants to fund a family member’s education

Contribution Limits

Gold-backed IRAs have a $6,000 yearly and $7,000 contribution limit for those over 50. It may be funded with a rollover or purchased through an IRS-approved administrator.

Age Limits

You cannot withdraw your Gold IRA until you’re at least 59.5 years old, and distributions of your money must begin once you turn 70.

Administrator Regulations

To open a gold IRA, you must establish an account with an IRS-approved precious metals administrator, commonly known as a custodian.

Even though you are in command of what assets are in your IRA, you will need custodians to administer the account, a gold IRA provider to assist you to make and to acquire metals, and a storage facility to maintain the security of your metals.

Approved Storage for Your Gold IRA

Your metals will be stored in IRS-approved vaults. If you take possession of these metals under the rules of an IRA, it is considered a distribution, and you will be subject to penalties and taxes if the distribution is taken early.

Storage Containers For Physical Precious Metals

Gold is always at risk of being stolen, so having a safe depository is necessary—and legally required for gold IRAs. 

Some Trusted US Vaults:
  • Brinks Security
  • Delaware Depository
  • CNT Depository
  • Delaware Depository
  • HSBC Bank USA
  • Scotia Mocatta
  • JP Morgan Chase Bank North America

Learn how to invest your money in a gold IRA so you can retire comfortably!

Step 1: Choose your gold IRA provider

I’ve mentioned my favorites above, and I’d choose Augusta as the top gold investment firm. They are the greatest gold investment business you may work with. While the other firms on this list are all reputable, I believe Augusta is the best alternative for most investors.

The companies mentioned in this article that offer gold-backed IRAs are, compared to other contending companies such as American Hartford Gold, JM Bullion, Lear Capital, Rosland Capital, 7k Metals, and SD Bullion.

Gold IRAs get an average of 10% to 15% of portfolio investment, but considering the state of the United States and its dollar, more is acceptable.

Step 2: Choose a custodian and transfer or rollover your funds

Think about where you want the money for your investment to come from. Are you rolling it over from an existing IRA or 401(k), or doing a transfer?

If you’re doing a rollover, that means taking the money out of the original account and putting it into the new one. You’ll need to do this within 60 days, otherwise the IRS will consider it a withdrawal. And if you’re under age 59½, that means paying a 10% penalty.

Per year, you may have only one rollover. Money goes straight from the old account to the new one if you’re doing a transfer. You can make as many transfers as you want. A 401(k), a traditional IRA, a Roth IRA, or a 403(b) retirement plan may be used to do both rolls and transfers.

Step 3: Make your purchase!

If you live in a small community with no dealerships, don’t go with the first local business you find that may not have the experience to protect your account. We all want to support our local businesses, but in this case, little enterprises do not have the resources they need to deliver their best efforts. Choose a well-rounded, experienced, and proven-best IRA provider like Augusta Precious Metals as my first choice.

With the best gold investment companies, you’re likely to find lower markups, better quality service, and a more overall positive experience. Many of these top businesses aren’t found in your neighborhood but are discovered online. When looking for ratings and feedback from previous clients, remember that complaints may not be an accurate measure (as Augusta has zero).

So, is investing in a gold IRA worth it?

Diversifying your portfolio has long been a smart idea, but keeping all of your assets in the US dollar is more likely to lead to a loss of purchasing power and current wealth level.

Inflation is at a record high, and the US dollar has never looked worse.

Do yourself a favor and take control of your hard-earned retirement. Don’t let these politicians control your and your family’s future trajectory.

The first step is identifying the greatest firm to invest in gold, but following through is critical.

Get in touch with one of the most reputable gold IRA investment firms and put your retirement on track immediately!