Best Gold IRA Companies of 2021
Here are some questions you should ask any gold IRA company.
Do You Focus Exclusively on Gold IRAs?
There are lots of companies that deal with bulk silver and gold quantities. IRAs only focus on a small part of the gold business and choosing companies that focus exclusively on gold IRAs ensures you get the best services.
What is the Premium Charge Over Prevailing Gold Prices?
Companies that offer gold IRAs will often charge a small commission or premium over the prevailing prices of gold. It is therefore a good idea to check gold prices. This is the best way to get a good deal. Also, ask whether the company can lock the price for you so you can get it later.
Does the Company Have a Buyback Feature or Schedule?
When it comes time to liquidate or dispose of the gold, you need to be sure you can get a buyer and some money for it. Many companies will buy the gold back from you, and you only need to make the request and wait for a check.
What are the Associated Fees?
Many gold IRA companies charge a flat fee, while some have a scaling fee feature. The fixed cost is charged no matter how much gold you hold, while with scaling fees, you pay a percentage depending on how much gold the custodian holds for you.
What are the Sentiments of Past Clients?
You can find a lot of information about gold IRA companies online. By doing a bit of research you will find out how experienced, reputable, and trustworthy the company you are considering is. Do not forget to read reviews, testimonials, and complaints, too. Use as many online resources as you have access to so that you can develop an informed opinion about a company.
How Long Has the Company Existed?
Ideally, you want to work and invest with companies that have a lot of experience in the industry. So, do your research to find out how long the company has been in business as well as how long they have dealt with gold, silver, and precious metal IRAs.
How Long Until I Get Precious Metals?
You should receive the precious metals within seven business days. Longer than this is usually a bad sign.
How Long Does a 401(K) Rollover Take?
A rollover will usually take two to three business days. Opt for companies that make it easy to complete the process online. These companies will usually provide a faster turnaround than those where need you to visit an office and talk to someone.
Are Online Applications Possible?
Online applications are the better option because they allow for the process to be completed quickly. If you need to receive documents via mail and then mail them back, the process will take much longer. Online applications also show that the business is modern enough. Companies that have embraced these modern practices are often easier to deal with. Also, doing everything electronically provides you with a paper trail that is easy to follow.
For many people, dealing with retirement accounts, 401(K)s and IRAs can be confusing and complicated. Gold IRAs are a great option, and they give you the option to invest in gold, silver, and other precious metals. Once you find the right company, the process should be relatively easy. It is better to deal with companies that handle gold IRAs exclusively to get the best services. These companies also have experts who understand these accounts standing by to help you out. The companies we recommend are Augusta Precious Metals, Birch Gold Group, and GoldCo. Although they offer slightly different services, you cannot go wrong with any three of these.