A key selling point of gold IRAs is that you own the physical gold yourself. If that doesn’t matter to you, there are other ways to add exposure to precious metals to a retirement portfolio, such as buying stocks in gold mining companies. Augusta promotes itself as “your leading Gold IRA Company” and promises to help its investors make smart financial decisions to help them prepare for retirement. They sell gold coins, gold bars, and the like but don’t offer IRA investment advice (regardless of what their websites or other marketing materials might suggest).
Unfortunately, most Gold IRA companies don’t have an excellent record of fee transparency on their websites. Therefore, it may take a phone call or two to find out the details. Many of the leading Gold IRA companies have similar fee structures but may vary by a few hundred dollars a year. There are plenty of rules and regulatory hurdles you’ll need to overcome when thinking about a Gold IRA. Or, if you have a traditional retirement savings account and want to increase your exposure to gold, read here how to buy a gold ETF, an exchange-traded fund that tracks the performance of gold.
No other Gold IRA company goes to such great lengths to present investment information in an organized and objective way to earn the full trust of its clients. The two major drawbacks of Augusta are the limited selection of metals and the high minimum investment requirements to set up a Gold IRA. Like a traditional IRA, a Gold IRA allows pre-tax contributions, and investment income can then accumulate in deferred tax terms. Administrators charge a commission to make it easier to buy or sell precious metals in a customer’s Gold IRA.
A high-quality IRA Gold company only works with carefully vetted, reputable third-party storage companies or secured repositories. In some cases, your IRS gold company sells IRS-approved metals so you can buy your coins and precious metals directly from them. With its versatile precious metals catalog, from gold bars to platinum coins, Birch Gold is aimed at a wide target group of investors. Gold IRA companies can vary widely, and choosing the best company for your investment goals is critical if you want to ensure a comfortable and hassle-free retirement.
The members and employees of this team have years of experience dealing with gold IRAs and valuable insights into new issues and trends around the precious metals market that can help customers make the right decisions at the right time.