6 Best Gold IRA Companies of 2022

Gold IRAs cater to investors who want to diversify their wealth as they save for retirement. Precious metals like silver and gold, platinum and palladium are considered hedges against inflation and stock market volatility, gold IRAs allow you to hold these precious metals in an individual retirement account. The accounts offer the same tax benefits as IRAs invested in stocks, bonds, mutual funds and ETFs more details.

Adding precious metals or other alternative assets to a portfolio can help reduce risk through diversification. But it’s important to keep in mind that financial advisors generally recommend allocating 5% or less of a portfolio to precious metals because gold does not pay dividends and, even with a long time horizon, gold investors have no guarantee of making money on their investment.

The top gold IRA companies offer unbiased educational resources, investor information and responsive customer support. When choosing a reputable gold IRA company, transparency and customer feedback are important tools for evaluating what kind of experience you are likely to have. Competitive pricing is another factor, as you want to avoid those with higher fees. Easy account setup is important, too.

We evaluated more than a dozen gold IRA companies and have highlighted the best options for investors with various needs and levels of financial sophistication. Read our gold IRA reviews and our gold IRA investing guide below to discover if one of these is the right choice to diversify your portfolio, and what you need to know before investing.

Our Top Picks for Best Gold IRA Companies of 2022
Augusta Precious Metals – Best Overall

Orion Metal Exchange – Best for Low Fees

Birch Gold Group – Best for Fee Transparency

Oxford Gold Group – Best for Beginners

Noble Gold Investments – Best for Diverse Storage Options

Advantage Gold – Best for Customer Popularity

© Provided by Money.com Best Gold IRA Company Reviews© Provided by Money.com Pros
Site has informative videos and educational content
Supports investing diversity
Potential for fee waivers of up to 10 years
Cons
High minimum purchase order of $50,000
Hard to find fee information online
HIGHLIGHTS Metals Available Gold, silverBBB GradeA+BCA GradeAAATrustPilot Review GradeNot ratedMinimum Purchase Order$50,000
Why We Chose It: Founded in 2012, Augusta Precious Metals gives investors a wealth of information about investing in precious metals. The company offers gold and silver investment options; it uses Delaware Depository — a popular choice among gold IRA providers — to hold customer assets such as gold coins and gold bars.

Augusta Precious Metals has a lot of customer education on its site. Ironically enough, one of the attributes that makes this company rise to the top of our picks is its video-blog series of reasons why not to own gold. Many gold IRA companies use scare tactics or play on investors’ fear of a (highly unlikely) meltdown of the entire financial system and a wholesale collapse of U.S. currency.

© Provided by Money.com Pros
Investors pay no fees for setup and transfer
Lower minimum order threshold compared to competitors
Storage fees waived for up to three years
Options for choosing custodian and depository
A+ BBB grade
4.9 TrustPilot rating
Cons
Site lacks info about custodial fees
Suggests investing up to 20% of assets in precious metals -- far riskier than conventional investing advice
HIGHLIGHTS Metals AvailableGold, silver, platinum, palladiumBBB GradeA+BCA GradeNot a member of BCATrustPilot Review Grade4.9Minimum Purchase Order$5,000
Why We Chose It: Orion Metal Exchange says it does not charge fees for setting up an account, annual maintenance or transferring funds.

Customers can establish an account over the phone within 10 minutes. Orion says it works with all IRS-approved gold IRA custodial institutions. Online account information is available through the custodian chosen by the investor — most charge a $50 account set-up fee. Storage and insurance costs $170 a year for most gold IRAs.

The order minimum is $5,000 — some other gold IRA companies have minimums of $50,000. Orion also offers a fee-free buyback policy more here.

© Provided by Money.com Pros
Fee information is clear and easy to find online
Customer can choose their custodian and depository facility
Flat-rate fee structure benefits investors with large balances
Cons
Asset transfers for account set-up can take up to a month
Flat fee structure less cost-effective for small investors
HIGHLIGHTS Metals AvailableGold, silver, platinum, palladiumBBB GradeA+BCA GradeAAATrustPilot Review Grade4.8Minimum Purchase OrderRecommended $10,000 initial purchase
Why We Chose It: Most gold IRA companies have websites that lack basic information about fees and other costs. Birch Gold Group, in business since 2003, is one of the few gold IRA companies we came across that includes fees on its site. We found it had the most detail about both one-time and recurring annual fees.

Birch Gold Group charges a flat-rate annual fee rather than a percentage of the account value, which could benefit large investors but might be more expensive for those with lower balances.

The company lets customers choose between Equity Trust Company and STRATA Trust Company as the account custodian, and Delaware Depository or Brink’s Global Services for their precious metals storage.

© Provided by Money.com Pros
Site has resource library for investors
Information geared towards educating novice investors
Customers can access their account online
Cons
AA BCA grade (top category is AAA)
HIGHLIGHTS Metals Available Gold, silver, platinum, palladiumBBB GradeA+BCA GradeAATrustPilot Review Grade4.9Minimum Purchase OrderNot provided
Why We Chose It: Oxford Gold Group offers comprehensive customer education resources and tools. Its website says customers can set up their account quickly, often within 24 hours. The company works with Delaware Depository and Brinks, and charges an annual fee of $180, according to the website read more.

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