When it comes to investing, gold is the way to go. No matter what the economy is doing, booming, busting, trading sideways, investing in gold will still help you maintain financial security.
It’s also a good idea to make sure you have a portion of your savings in precious metals as a hedge against inflation and other economic conditions. I’ve put together this site as a guide to gold investing, and one thing that many investors don’t know, is that they can essentially build a retirement portfolio by starting a gold IRA.
What is a Gold IRA?
A gold IRA is an individual retirement account where the account holder invests in gold and other precious metals. This type of account comes with more fees than a Roth or traditional IRA in bonds, stocks, and mutual funds. A gold IRA account works well against the effects of inflation. It also is concentrated in one asset class.
When you invest in a gold investment retirement account, a portion of your retirement nest egg is transformed into gold. However, all IRA accounts don’t allow gold investments.
Gold IRA Reviews for Top Rated Companies 2020
There are more gold IRA companies in the market nowadays. Having said this, many gold IRA reviews have stated that the following are the best gold IRA companies in the market:
GoldCo has a BCA rating. According to TrustLink, GoldCo has a 4.8 out of a 5-star rating that is based on 240 reviews.
- – – – > GoldCo Review.
2. Regal Assets LLC
According to TrustLink, Regal Assets LLC has a 4.9 out of a 5-star rating from more than a thousand customer reviews. They also have no customer complaints on the Better Business Bureau. This company has a one-week buyback guarantee as well.
Goldsilver has the following criteria: A BCA rating of AAA, only one grievance in three years from BCA complaints, an A+ BBB rating, and a perfect 5-star rating based on three reviews and complaints according to TrustLink.
- – – – > Goldsilver Review.
4. Birch Gold
In the past three years, Birch Gold has gotten no complaints according to BCA. They also have an A+ BBB rating, a five out of 5-star rating based on 73 complaints and reviews in TrustLink. In the past three years, however, they have received six complaints that are now closed in BBB.
5. Augusta Precious Metals
With the Augusta Precious Metals, the BCA rating is AAA. There have been two complaints in the past three years. Nevertheless, this organization has an A+ BBB rating in which two BBB complaints are closed in the previous two years, and one is closed in the previous year. Also, Augusta Precious Metals have a 4.9 out of a 5-star rating according to 240 reviews and complaints on TrustLink.
6. Cornerstone Bullion
Cornerstone Bullion has an AA rating in BCA. They have no complaints in the last three years in BCA. Also, Cornerstone Bullion has an A+ rating and no complaints over the last three years in the Better Business Bureau. And according to the TrustLink, this company has a five out of a 5-star rating based on three complaints and reviews.
- – – – > Cornerstone Bullion Review.
7. Advantage Gold
Advantage Gold has a BCA rating of AA. They have no BCA complaints in the past three years. Also, Advantage Gold has an A+ BBB rating, one documented BBB complaint since August 2013, and a five out of the 5-star rating according to 208 complaints and reviews in TrustLink.
- – – – > Advantage Gold Review
Another creme of the crop among gold IRA companies in the gold IRA reviews is Apmex. They have a BBB BCA rating and one BCA complaint in the last three years. According to the Better Business Bureau, they have an A+ rating in which 31 BBB complaints have been closed in the past three years and nine are closed in the last year. And according to TrustLink, Apmex has a five out of the 5-star rating that is based on two complaints/reviews.
- – – – > Apmex Review
Monex has a BCA rating of A in which one complaint was made in the last three years. Their BBB rating is A+ in which six complaints occurred in the prior three years. Also, according to TrustLink, this organization has a 4.2 out of a 5-star rating among 40 complaints and reviews.
- —> Monex Review
10. California Numismatic Metals
With the California Numismatic Metals, the following includes their ratings: A BCA rating of AAA, no BCA grievance complaint in three years, an A+ BBB rating, only one BBB complaint in three years, and a three out of the 5-star rating in TrustLink according to six reviews and complaints.
11. Red Rock Secured
Red Rock Secured is located in Southern California. They have been assisting investors for more than a decade. In fact, they were created to re-establish secured retirement options for their clients, friends, and family. This company has an A+ BBB rating and a BCA rating of AAA from 45 reviews. They have a 2.6 out of a 5-star rating from seven reviews in TrustLink.
What is a Gold IRA Custodian?
Gold IRA custodians include organizations that are mandated by the International Revenue Code to hold all IRA assets for interested people. These organizations may call themselves either an IRA custodian or a self-directed IRA custodian which both mean the same. All IRA accounts are self-directed because the account holders don’t influence the IRAs.
What is the Gold IRA Rollover?
Now that you know some information about gold IRA investing, it is imperative to know about the gold IRA rollover. This involves moving your entire or a part of your savings to a gold IRA. You will have retirement savings in a form of physical gold assets. And thus, you will roll over funds to the gold IRA by withdrawing a certain amount from your personal retirement account to the the precious metal procurement in a gold IRA company. Then, the procured item is recorded into your new IRA account according to the present market price.
Gold is the way to go when it comes to more secured investing. This type of investing serves as a hedge fund against inflation. Investing in a gold investment retirement account (IRA) also ensure you have financial security for your golden years as well.
Now that you know what is a gold IRA and other details about gold IRA investing, you can proceed in making better decisions in investing in gold IRAs.