A gold IRA makes it possible to invest in physical gold or other precious metals through an Individual Retirement Account. It functions in a similar way to a normal IRA. instead of having holdings in paper assets, gold IRA account holders hold physical bullion coins or bars. These accounts allow for greater diversity of investments.
The four approved metals for individual retirement accounts include gold, silver, platinum, and palladium. Out of all of these metals, gold is the most sought after. A gold IRA presents several unique features:
- It must be a self-directed IRA
- Usually comes with more fees than a traditional or Roth IRA.
- Serves as a good hedge against inflation.
For over two decades, award-winning Lear Capital has played a key role in the IRA industry. With more than $3 billion in transactions under its belt, the organization is always prepared to serve its customers needs.
Lear Capital offers many customer benefits including a guarantee for seamless transactions, no-fee buy-back program, and professionalism. Lear Capital reviews show positive feedback from satisfied customers.
Lear Capital is on a mission to empower investors to diversify their investment strategies with an easy-to-use system. Investors can gain positive exposure to demanded metals such as rare coins, physical gold , and physical silver.
Its top customer service keeps it miles ahead of the competition. It is focused on providing great customer service while remaining compliant with IRS guidelines for IRAs. All customers are provided with a customer engagement representative to guide them through the investment process.
American Hartford Gold Group
American Hartford Gold Group is an accredited player in the Gold IRA industry. It has received a positive rating from the Better Business Bureau website.
The organization specialises in the purchase and sale of gold and silver for physical possession as well as Gold and Silver IRAs. It uses a three-step process to exchange precious metals for physical delivery.
Most complaints made against American Hartford Gold Group revolved around the fluctuating prices of precious metals.
Patriot Gold Group IRA
Patriot Gold Group IRA is specialised in a process called facilitation. It focuses on overseeing transactions for precious metals IRAs.
Patriot Gold Group IRA sells bullion bars, bullion coins, and coins for IRA customers. Customers are encouraged to gain an adequate understanding of regulations when making purchases as they may be subject to reporting laws.
Bird Gold Group
Birch Gold Group sells physical gold, palladium, silver, and platinum for IRA investors and personal ownership. It helps its customers to manage precious metals and Gold IRAs. Bird Gold’s in-house department helps in opening precious metals IRAs.
Bird Gold Group is rated by the Better Business Bureau. Account holders pay fees for holding an IRA with Bird Gold. The organization works with STRATA Trust Company for custodial services and Delaware Depository for storage.
Orion Metal Exchange
Most complaints about Orion Metal Exchange revolve around the performance of gold and silver commodity prices. It works with customers to diversify their IRA. It offers precious metals storage for up to three years.
An Orion Metal IRA can be used to acquire bullion coins, bars of gold, silver, platinum and palladium. Not all coins are acceptable for an IRA. For example, Silver coins must be at least .999 fine while gold coins must be .995.