Many people worry about their retirement funds during their lifetime, as sometimes, if you don’t start saving when you’re young enough, you could suffer severe consequences once you retire. Moreover, even if you create a savings account, your money could easily lose value over time.

That’s why gold IRAs are so popular, as this precious metal isn’t as volatile as other assets and has maintained the same price for several years, making it an ideal option to fight against inflation. Traditional IRAs manage assets such as stocks and bonds, but these self-directed gold IRAs allow you to hold all sorts of precious metals.

Nonetheless, it isn’t easy to set up a gold IRA account, as you need to follow all sorts of procedures and meet several requirements, such as finding a custodian and a depository, as well as following the IRS tax rules. These complicated processes make people opt to hire a gold IRA company that can help make this situation much more straightforward.

Moreover, these companies tend to feature specialized experts willing to help you manage your account and guide you through all the processes without breaking any tax rules. Therefore, if you’re looking to save money for retirement, the best thing you can do is read the following list of the best gold IRA companies of 2022.

Gold Co IRA Company

1. Goldco

Goldco is the first company on our list, as it ranked as the best gold IRA company of 2022. It is a solid company that aims to protect your wealth and assets by transferring them to a precious metals IRA, which allows you to hold gold, silver, platinum, and palladium.

Moreover, with Goldco, you can choose to open either a gold or silver IRA, and you can purchase a wide range of coins to fund your account. However, keep in mind that you are going to need to work with approved mints to find high-quality coins that meet IRA standards.

This fantastic company helps gold IRA investors in all the processes of opening and managing their IRA accounts. If you’re interested in gold investing, you need to sign an agreement form on Goldco’s website and talk with one of its representatives, who’s meant to walk you through everything you need to know about the account.

The next step is to fund your IRA account, and the most straightforward way is by transferring your assets from a 401(k) account to your gold IRA. These rollovers usually don’t have any tax penalties, but if you want to be 100% sure of not breaking tax rules, you can create an account from scratch.

After funding your account, you can choose the precious metal pieces you wish to buy. Remember that most people buy physical gold coins, which must be stored in a Goldco-approved depository. However, some customers get the fantastic advantage of having free storage.

In addition, you can enjoy a wide variety of precious metals that you can buy to fund your account. Nonetheless, if you are reluctant to work with Goldco, you can always ask its team to send you a free kit to explain everything you must know about the company. This kit has several guides in various formats that answer all questions you may have.

In summary, Goldco is a fantastic IRA company for anyone who wants to ensure their precious metal investments stay as safe as possible until retirement.

2. Augusta Precious Metals

This premium gold IRA company was founded by Joe Montana and his team of financial advisors. It has some of the best reviews on the gold IRA market and has even been awarded several prizes for its services.

Some of its most popular services are its gold IRAs and cash purchases, and you can easily open an account by rolling over your funds from previous gold IRAs into one of its precious metals IRAs.

The first step to do this is talking to an agent who can give you timely investing advice on the best gold and silver purchase options. They are going to be some sort of mentors who can educate you on everything you need to know to use your precious metals IRA account.

Now you can create your IRA account, but keep in mind that you are going to need at least $50,000 to invest in Augusta Precious Metals. You can fund your new gold IRA with a previously existing retirement account and buy your preferred precious metals.

Moreover, one fantastic perk of this company is that it allows you to buy physical gold and silver coins outside of a gold IRA and still receive guidance from the company’s professionals. All you have to do is pay for the pieces and get them shipped directly to your door.

In addition, it offers a wide variety of physical precious metals, such as Canadian Maple Leaf coins, gold bullion, and American Eagle gold coins. Augusta Precious Metals can offer all these services because it works with reliable metal custodians and gold IRA providers who can help you manage your gold IRA whenever possible.

This company also features a handy website where you can find all sorts of helpful informational videos from Delvyn Steele, who can teach you everything you need to know about the world’s current economy. Therefore, if you’re looking for a gold IRA company with an impeccable reputation, Augusta Precious Metals is the one for you.

3. Noble Gold

The last company on our list is Noble Gold, which sells rare gold and silver coins. You can buy them through your IRA account or its website, but either way, you are sure to follow a straightforward process of filling out a simple survey. If for some reason, you don’t understand the questions you’re being asked, you can always ask for help from a member of the company who can guide you through the whole process.

Next, you are going to be assigned to a custodian who is going to help you with your account setup and any other necessary process. Investors are also going to receive their precious metals IRA account numbers, but please make sure to keep them somewhere safe.

Now, you can choose to roll over your funds from a pre-existing retirement account to your new gold IRA, so you can avoid facing tax penalties. Moreover, you can check your account status by simply going to your online custodian, who is always available.

Nevertheless, some people prefer to directly buy their precious metals. If that’s the case, you can use Noble Gold’s Royal Survival Packs, which are exclusive precious metals selections with high liquidity that are perfect for those investors who don’t know which are the best options to buy.

Noble Gold is one of the best gold investment companies, as it features incredibly competitive pricing and fast and secure shipping. Hundreds of investors have decided to trust it with their retirement funds, which is directly reflected in its online reviews.

Moreover, you can even enjoy Noble Gold’s buyback program, which takes a massive weight off your shoulders, as it makes sure to buy all precious metals you don’t want anymore in case your investment goals change. Therefore, Noble Gold Investments is the one for you if you’re looking for a company that provides fantastic customer support and excellent experience.

What Is a Precious Metals IRA?

4o1(k) and traditional IRA accounts are highly popular in the investment market as they are fantastic ways of saving up for retirement by investing in index funds, stocks, and other assets. Nonetheless, these assets are vulnerable to devaluation, which is why gold IRAs have appeared to solve that issue.

Gold IRAs work similarly to traditional IRAs but allow their owners to hold precious metals instead of other paper investments. They have fantastic benefits, such as pre-tax contributions and similar limits to other savings accounts.

However, keep in mind that when you buy precious metals for your gold IRA, you need to store them outside of your home in a properly regulated and secure depository with a reliable custodian, as this is a requirement that all precious metal IRAs must meet.

All the previously mentioned gold IRA companies are going to help you understand all steps of the process, from opening your account to buying and storing your gold. This is crucial, as you need to be aware of all the ins and outs of gold IRA accounts and their rules to properly maintain them.

Moreover, investing in precious metals can be highly beneficial for you, as they are much more stable assets than regular currencies, which minimizes volatility and allows you to have a diverse portfolio with less risk. In addition, you are going to benefit from incredible tax benefits, as your contributions are tax-deductible, and your gains aren’t taxable.

In summary, opening a gold IRA is one of the best ideas you can have if you wish to have a stable and diverse portfolio that you can count on once you retire. Moreover, remember that you can always do a gold IRA rollover if you need to.

How We Ranked the Top Gold Investment Companies

In order to find a trustworthy and efficient gold IRA company, we must pay attention to several factors that help you locate the best possible companies for your retirement investment portfolio.

Those were the factors we analyzed when choosing these three companies; you can check them out on the following list.

Reputation and Reviews

One of the first things you need to review is the company’s current reputation, as this is going to give you a broad idea of how effective its processes and experiences are. You can check out the Better Business Bureau, as it gathers all customer reviews, including complaints, and rates the companies on a scale from A+ to F.

All of the previously mentioned companies were reviewed through the Better Business Burau, and all of them ranked B or higher on their score.

Ease of Setup

Another aspect we reviewed was how straightforward the setup process was, as this is a crucial characteristic for any IRA company to make sure its clients can open new accounts as fast and effortlessly as possible. All of the mentioned companies allow you to set up your IRA accounts in a few days, and they offer guidance throughout the process so that you don’t feel lost.

You can do this through one of their qualified specialists who are ready to help you learn all the ins and outs of each platform.

Costs and Fees

You should also pay attention to the fees these companies charge for their services, such as opening and maintaining your gold IRA account and holding your metals. However, please be aware of companies that offer these services for free, as they don’t tend to be as reliable as other professional companies.

Moreover, you shouldn’t also trust companies with extremely high fees, as they may be taking advantage of you and your lack of knowledge about gold IRA companies. Therefore, we gathered the companies with the most competitive pricing possible.

Selection of Gold and Silver Products

One of the main objectives of opening a gold IRA is to diversify your portfolio, which is why you must find a company that offers a wide variety of precious metals to purchase, including silver, platinum, and palladium. Therefore, the companies on this list offer all sorts of coins, gold bullion bars, and other precious metal pieces so that its users can choose their preferred ones.

Buybacks

Sometimes you are going to feel unsure whether to purchase precious metals or not. If that’s the case, you should open your gold IRA in a company that offers buybacks, as you are going to be able to buy all the pieces you want and resell them without extra fees if you’re not comfortable with your purchase.

Moreover, the best companies even offer to ship your pieces back to their facilities to make the process as effortless as possible. All the gold IRA companies on this list offer this feature, so you don’t have to worry about deciding to resell your gold.

Finding a Broker or Gold IRA Custodian

Keep in mind that you are going to need to keep your precious metals somewhere safe, but the IRS doesn’t allow you to keep them in your house. Therefore, you are going to need to find a reliable custodian, such as a bank or other federally approved brokerage firm.

In some cases, your precious metals IRA is going to recommend you one, but if they don’t, finding one can be a bit of a challenge. Still, you don’t need to worry, as you only have to pay attention to its qualifications, licenses, insurance, and registration.

Moreover, remember you can always check the Better Business Bureau to get a better insight into a specific custodian. Nonetheless, you are also going to need a broker, but luckily, all the gold IRA companies featured on this list act as brokers to make the process much easier.

Hire a Reputable Gold IRA Company

Now you know everything you need to choose a gold IRA company to keep your retirement portfolio. However, we highly encourage you to do your own research before committing to one of them so that you can be 100% sure you found the best gold IRA companies.