Best Gold Investment Companies in 2023
October 13, 2022 - Written by Tim Stief
As the economy continues to take a downward turn, retirees are looking for investments that will save their wealth. Precious metals are now considered one of the safest methods of maintaining your investment value, and investing in a precious metals IRA is a tax efficient method to do so.
Below we detail the top silver and gold investing companies on the market. Keep reading to find out which companies made our top 5 list.
Disclosure: We may receive compensation if you purchase through the links on this website. However, this does not affect how much you pay or the integrity of our review. We simply choose the best option for retirees.
Ranking # | Company | Best _____ | Rating | Contact |
|---|---|---|---|---|
#1 |  | Best Pricing & Customer Service | 4.9/5 Rating | |
#2 |  | Best Client Feedback | 4.8/5 Rating | |
#3 |  | Best Buyback Program | 4.7/5 Rating | |
#4 |  | Best Education | 4.5/5 Rating | |
#5 |  | Lowest Minimum | 4.4/5 Rating |
#1 Best Pricing
4.9/5 Rating
#2 Best Client Feedback
4.8/5 Rating
#3 Best Buyback Program
4.7/5 Rating
#4 Best Education Options
4.5/5 Rating
#5 Lowest Minimum
4.3/5 Rating
Precious Metals have long been trusted as safe stable investments, regardless of what the market is doing at that time. In fact, precious metals have been shown to perform best in times of recessions. (Research citations here.)
The reason? Gold, silver, and other metals have intrinsic value, a finite supply, and are not affected by inflation or other political moves. Keep reading for a thorough overview of the top 5 gold IRA investment companies on the market.
A Thorough List of the Top Gold Investment Companies
#1 Goldco Precious Metals
Best Pricing, Best Customer Service
Rated 4.9/5 Stars
Key Features
Goldco Precious Metals is one of the most well-known gold and silver IRA companies in the United States.
They have made a name for themselves with top-tier customer service, low fees, transparent processing, and stellar customer service.
About Goldco:
Goldco Precious Metals was founded in 2006 with the mission of helping investors diversify their portfolio and secure their retirement funds with gold and silver.
Goldco now offers gold, silver, platinum, and palladium to their IRA investors, which allows you to invest in only one metal, or a customized combination of the metals of your choice.
Trevor Gerszt is the founder and owner of Goldco; he has decades of experience in wealth and asset protection which plays a large part in Goldco's mission and processes.
Goldco is at the top-tier for business ratings in the IRA industry: they maintain an A+ with Better Business Bureau, an AAA with the Business Consumer Alliance, and a 4.8 on TrustPilot.
Who is Goldco Precious Metals Best For?
Goldco Precious Metals is best for the specific investors who:
Fees & Minimum Investment
Fees: $175-$230/year
Investment Minimum: $25,000
Promotions: Up to $10k in free silver
Pros
Cons
#1 Goldco Precious Metals
Best Pricing & Customer Service
Rated 4.9/5 Stars
Key Features
Goldco Precious Metals is one of the most well-known gold and silver IRA companies in the United States. They have made a name for themselves with top-tier customer service, low fees, transparent processing, and stellar client feedback.
About Goldco Precious Metals
Goldco Precious Metals was founded in 2006 with the mission of helping investors diversify their portfolio and secure their retirement funds with gold and silver. Goldco now offers gold, silver, platinum, and palladium to their IRA investors, which allows you to invest in only one metal, or a customized combination of the metals of your choice.
Trevor Gerszt is the founder and owner of Goldco; he has decades of experience in wealth and asset protection which plays a large part in Goldco's mission and processes.
Goldco is at the top-tier for business ratings in the IRA industry: they maintain an A+ with Better Business Bureau, an AAA with the Business Consumer Alliance, and a 4.8 on TrustPilot.
Who is Goldco Precious Metals a Good Fit for?
Investors who:
Fees & Minimum Investment
Fees:
Investment Minimum:
Promotions
$175-$230/year
$25,000
Up to $10,000 in free silver
Pros
Cons
#2 Augusta Precious Metals
Best Client Feedback
Rated 4.8/5 Stars
Key Features
About Augusta Precious Metals
Augusta Precious Metals is a family-owned, precious metal IRA company with no complaints to date. Their goal is to aid investors in controlling their financial future with secure assets that hedge against market risks.
The firm's top employees have over 5 decades of experience in precious metal investing. Augusta is hands-on with every client, creating a custom plan and working with investors one-on-one to grow and secure their wealth.
Augusta has some of the best business ratings in the industry: they have kept a A+ Better Business Bureau rating, an AAA with the BCA (Business Consumer Alliance), and a 5.0 on TrustLink.
The CEO of Augusta is well-seasoned professional Isaac Nuriani; he had a vision for a customer-first gold and silver IRA business, which brought to fruition Augusta Precious Metals in 2012.
Harvard economist Devlyn Steele is their on-staff education director; he walks every potential client through their one-on-one web conference to ensure each investor has a full background on precious metals and the standing of our market.
Augusta's main focus is providing a personalized approach for each investor, making the process simple and easy. You won't have to worry about the paperwork that comes along with investing - they guide you through the entire process, following all regulations and educating you along the way.
Who is Augusta Precious Metals a Good Match for?
Those with a high starting investment that are looking to diversify their portfolio with secure, tangible assets.
Fees & Minimum Investment
Fees:
Investment Minimum:
Promotions
$180/year
$50,000
Fees waived for up to 10 years
Pros
Cons
#3 American Hartford Gold
Best Buyback Program
Rated 4.7/5 Stars
Key Features
About American Hartford Gold
American Hartford Gold is one of the leading gold and silver companies in the country, delivering more than $1 billion in precious metals. With a 5.0 TrustPilot rating, and A+ rating from the Better Business Bureau, the company is one of the most reputable options for investment grade gold and silver. They also offer competitive prices and buyback commitments with no back-end fees.
The company offers a variety of services to help clients manage their portfolios and achieve their investment goals. The company's wealth management services make it easy for clients to invest in gold or silver, while its innovative tools help them understand their financial situation. Their excellent customer service is another plus.
They provide rollover services for both traditional and Roth self-directed IRA accounts. The company also maintains a secure, IRS-compliant facility where precious metals are stored.
Customers can also contact the company for details on specific pricing. The company provides a monthly conference call and answers customer questions.
Fees & Minimum Investment
Fees:
Investment Minimum:
No listed
$10,000
Pros
Cons
#4 Birch Gold Group
Most Experience
Rated 4.5/5 Stars
Key Features
About Birch Gold Group
Birch Gold Group has been in business for almost two decades and has served over 7,000 customers. The company offers competitive rates and customer-oriented services, as well as gold and silver IRAs.
It also has a team of specialists who will assist customers in selecting the right metals. They can even help customers maximize their tax advantages.
The specialists will also review their orders and confirm their purchases, and they offer several options for storage. They work with companies like Brink's Global Service and the Delaware Depository.
Birch also has high standards for customer education, transparency, and efficiency. It treats each customer as an individual and strives to create a relationship of trust and confidence between them and the company.
They educate customers about the benefits and risks of precious metals investing, and helps them avoid scams.
Fees & Minimum Investment
Fees:
Investment Minimum:
No listed
$10,000
Pros
Cons
#5 Noble Gold - Lowest Minimum Investment
4.4/5 Rating
- Minimum Investment: $2,000
If you're looking for a reputable, reliable company to invest in gold, silver, and other precious metals, Noble Gold Investments is one of the best choices for you. With low fees and a great reputation in the industry, this company has a lot to offer. However, there are some things that you should consider before investing.
Noble Gold specializes in gold investments and gold IRA rollovers. The company has an A+ rating with the Better Business Bureau and takes great pride in customer satisfaction. The company also strives to provide education, so you can make smart investment decisions. To this end, Noble Gold provides a wealth of online resources for potential customers.
The company provides a concierge service, which is a great service, especially if you don't have the time to monitor your portfolio. Noble Gold Investments is available at various hours, which allows you to reach an agent at any time. In addition, their customer service agents are highly professional, and they aren't pressured to sell you products.
The company was founded to help others build wealth, so they built a team of gold experts to serve clients. This team has over two decades of experience in gold investments, and they are dedicated to helping clients achieve their goals. The team is also willing to answer any questions you may have about the process.
The company also offers a gold buyback program. This allows customers to turn gold into cash, without having to wait for the metal to be delivered to them. The company is also committed to educating its clients and hiring honest, professional employees to assist them in every aspect of their investment.
Gold Investing Rules and Regulations
Gold investing rules and regulations are important; these rules and regulations will help ensure that you are making the most of your investment, while also ensuring that you are legally protected.
ETFs
If you are looking to diversify your investment portfolio, you may want to consider investing in ETFs. ETFs allow you to invest in gold, silver, or other commodities without having to physically own them. However, there are some important rules and regulations that you should know about before you buy an ETF.
ETFs are a common investment option for many investors. They are a low cost, diversified alternative to stocks and bonds. While they provide investors with a great deal of flexibility, they also pose liquidity related risks. In order to avoid these potential issues, you should always read the prospectus before investing. You can also rely on the annual information return from the ETF issuer.
Gold and other physical commodities can be bought through grantor investment trusts in IRAs. The IRS has ruled that shares in these funds are taxable. So, you should consult an experienced tax professional before you make your decision.
Gold and other physical commodities can be owned through futures contracts. These contracts trade on exchanges and give you greater financial leverage. Futures are not subject to the 60%/40% rule that applies to most long-term capital gains.
Investors should also be aware that gold futures have split taxes on capital gains. Specifically, investors pay taxes on short-term capital gains and long-term capital gains.
Another benefit of owning gold through a futures contract is that you are free of management fees. This allows you to take advantage of dollar-cost averaging. But, this option requires you to buy and sell in the future. It is possible that a broker will charge you 3% or more for currency transaction spreads.
Buying and selling gold futures is similar to buying and selling stocks on the stock market. A buyer and seller agree to a price at a future date.
Mutual funds
If you are thinking about investing in gold, then you should know about the investment rules and regulations. These are based on the assumption that investors will seek to purchase gold as a form of safety. But, you should also keep in mind that this form of investment is not a guarantee of positive returns. Investing in this form of asset should be an integral part of your overall investment program.
When you invest in gold funds, you're investing in a pool of money that is used to buy shares in a variety of gold companies. This is an efficient and cost-effective way of investing in the precious metal.
Gold mutual funds are subject to capital gains tax if they are held for more than three years. For those who are investing for a shorter period of time, they may be taxed at a lower rate.
One advantage of gold mutual funds is the fact that you can invest in small amounts. You can start with as little as Rs 100 per month, which is a lot less than buying physical gold. Another important factor to consider is that you can redeem your units at any time.
The Net Asset Value (NAV) of each fund unit is updated at the end of each trading day. This value is calculated by comparing the price of one gram of gold with the price of each unit.
Gold ETFs are similar to mutual funds traded on stock exchanges. The main difference is that these funds invest in pure gold. In addition, they offer protections. They are similar to a gold-based IRA. However, you must have a demat account to trade these products.
Futures contracts
Gold futures contracts are legally binding contracts between a buyer and a seller. These contracts are traded on exchanges. They are similar to stock trading in that they involve purchasing an asset at an agreed-upon price. The difference is that the seller is obliged to deliver the purchased asset at a specified date.
Gold futures can provide you with a valuable opportunity to make a profit. However, they can also be risky. As with any financial instrument, there are regulations you should be aware of when entering this market.
One of the most fundamental features of gold futures is the margin. This is a deposit made by both parties in the trade to a central clearer. This helps to reassure both parties that they are on the same page with the trade. It is also a way for them to offset any potential investment risk.
Another important feature of gold futures is the leverage. Leverage allows an investor to buy a larger amount of gold than they actually can afford. A commodity broker may allow you to use up to 10:1 leverage.
Purchasing gold futures is like buying stocks through a brokerage. You need to open an account and set up a funding account. Once you have an account, you can begin trading. Some brokers offer stop-loss services to reduce the damage of bad trades.
Another reason to invest in gold futures is to avoid the hassle of owning physical gold. Buying physical gold can be expensive and requires storage. Also, you may be required to pay for insurance. If you lose money in your gold futures investment, you'll have to reinvest it.
The market for gold futures is volatile. You could experience a loss if the price drops too far or you run out of cash before the contract expires.
Costs of storing physical gold
If you're thinking about investing in gold, it's important to understand how much you'll pay to store it. The cost of storing physical gold varies depending on the type of solution you choose. Fortunately, choosing the right storage option can help you to save money while still maintaining peace of mind.
Gold is a highly sought-after investment due to its value and its malleability. In addition, it serves as a safe haven during times of economic turmoil or market volatility. Purchasing gold is an excellent way to diversify your investment portfolio. Buying physical gold also offers tax benefits.
You can buy physical gold bars online or at retail websites. The costs vary, however, so you need to perform a thorough search for a reliable dealer. Also, you may need to pay extra for insurance.
Often, the best way to store gold is to use a home safe. There are a variety of sizes of safes and prices vary. A top-tier safe could cost up to PS3000, while a bottom-end safe might cost only PS30.
Some online gold retailers offer storage solutions. While these solutions can be convenient, they can also be quite expensive. This is because some dealers charge significant commissions. Other costs may include additional shipping fees and insurance.
Another option is to use a bank safe deposit box. These can be very expensive, but can provide a secure and insured storage solution. However, they may expose your gold to the risk of counterparty failure.
Alternatively, you can store your gold at a segregated storage vault. These costs are $15 a month, but you'll be able to store your gold in a secure location.
High-net-worth investors have kept a substantial percentage of their assets in gold
Buying and holding physical metals is a bit risky for the average Joe. For this reason, the ultra rich have taken to the stock market and other exotic financial products, if not a gold teddy bear. Despite the hordes, one can still find a handful of intrepid investors who are willing to go the distance. The latest entrant into the fray is Pictet, which has enjoyed a fivefold increase in its physical gold fund, as the unease about inflation persists. Gold is also a good bet for small and midsized businesses, who are looking for an insurance policy against the apocalypse.
Despite the doomsday economic scenario threatening the foreseeable future, high net worth investors continue to make a bet or two on the yellow gold. A few well positioned banks and financial institutions have already jumped in the bandwagon. Several high profile examples include Morgan Stanley, UBS and Credit Suisse, to name but a few. Among these firms, the aforementioned UBS Managing Director of Private Banking and Asset Management Anthony DeChellis is responsible for the biggest slice of the pie. Earlier this year, the firm reported that its high-net-worth clients were more interested in taking advantage of the surging gold price than they were in securing a safe deposit box. This should bode well for the firm's gold bullion business. Lastly, the company's chief marketing officer, Samir Raslan, told reporters that it was a "remarkable" number of clients who were interested in buying the metal in the first place. Despite the stumbling economy, investors are looking for any number of reasons to make their fortunes.
Citations:
Artigas, J. (2017, February 23) How to Invest in Gold
https://www.sec.gov/Archives/edgar/data/1222333/000119312517052841/d344244dfwp.htm
Gaspareniene, L., Remeikiene, R., Sadeckas, A., Ginevicius, R. (2018, September) Gold Investment Incentives: An Empirical Identification of the Main Gold Price Determinants and Prognostication of Gold Price Future Trends.
Nawaz, N., S. VR (2022, June 1) A Study on Various Forms of Gold Investment. https://www.semanticscholar.org/paper/A-Study-on-Various-Forms-of-Gold-Investment-Nawaz-S.V/336246916818d5a6f97920ee6c5837aaaeaf2fbc
