The leading Gold IRA companies offer unbiased educational resources, investor information, responsive customer support, and easy account setup. A reputable Gold IRA company will also offer competitive prices. You should avoid those with high IRA fees, even if they offer you a free first year of storage. We’ve reviewed more than a dozen Gold IRAs to find the best options for gold products, supported account types, tools and resources, and more.
Many of the listed companies offer both gold and other precious metals. Investors who want a full-featured brokerage account for their retirement savings have come to the right place with Fidelity. Fidelity offers numerous types of retirement accounts, many commission-free investment funds (including Fidelity’s own), access to international stock exchanges, and the ability to buy fractional shares. It also has an extensive branch network for investors who want personalized advice.
According to the Internal Revenue Service, gold IRAs are self-managed IRAs, which means they can hold alternative investments, such as precious metals. If the storage and security requirements for holding physical gold seem problematic, there are other ways to add gold to your portfolio. It is the best gold IRA for specialty coins, as the product range also includes bars, investment coins, premium coins, exclusive coins, and exclusive specialty coins. You should consult with an independent financial advisor to discuss your investment timeline, goals, and risk tolerance to determine whether a Gold IRA investment or a Silver IRA deserves a spot in your retirement portfolio.
Mint, the corresponding authority of certain other countries, or named private minting companies can be held in a gold IRA. We’ve rated the websites of Gold IRA companies together with consumer protection organizations Better Business Bureau and Business Consumer Alliance, as well as websites with customer reviews such as TrustPilot. If you’ve decided that a Gold IRA is right for you, you can contact your retirement plan administrator or have the Gold IRA firm do it for you. As for the platform’s gold selection, you can buy assets such as American Eagles, Canadian Maple Leafs, American Eagle Proofs, Gold Canadian Eagles, American Buffalo, and Australian Striped Marlin.
Goldco requires a high minimum investment to open a Gold IRA account with them, and currently this is the second-highest investment minimum in the sector ever documented. Money’s guide to buying gold includes information on buying physical gold and getting started with gold through gold ETFs, gold mutual funds, and futures contracts or stocks in gold mining companies. If you want more flexibility with your precious metals or want to keep them at home, find out how you can buy gold outside of an IRA. You can invest in gold ETFs that own physical gold, such as SPDR Gold Trust (GLD) or iShares Gold Trust (IAU).
You can convert existing retirement accounts to a gold IRA, and gold IRAs offer perks such as diversification outside stocks and inflation protection. It’s important to understand the differences between a traditional IRA and a precious metals IRA before investing in a precious metals IRA. The Gold IRA company also connects you to the account custodian bank, which carries out the administrative tasks, as well as with the custodian bank, which stores the precious metals you have purchased. Gold IRA companies differ in that some allow you to choose between multiple custodian firms and depositories, while others require that you use custodian banks and custody services of their choice.