Category: Investing

Latest Gold IRA Statistics (2025): What You Should Know
Gold IRA Statistics:

Approximately 37% of American households possess an Individual Retirement Account (IRA).

Approximately 29% of American households hold a traditional IRA.

Roughly 30% of Americans have two retirement plans, often combining an IRA and an employer-sponsored plan.

Over 60% of American households have at least one retirement plan, illustrating a significant portion of the population engaged in retirement savings.

Self-directed IRA accounts, encompassing various types, represent only 3-5% of the total IRA accounts in the United States.

Approximately 12% of the American population owns gold. Whether this ownership is within an IRA or in physical form is uncertain.

About 14.3% of males in the 45-54 age group own both gold and silver.

5.1% of males aged 35-54 own gold exclusively, without holding silver.

7.8% of females aged 35-44 own only silver without possessing gold.

1.8% of men in the same age range exclusively own silver.

The price of gold experienced a substantial 360% increase between 1990 and 2020.

The Dow Jones stock index witnessed a remarkable 991% increase over the same period, indicating significant stock market growth.

The value of the U.S. dollar appreciated by 198% from 1990 to 2020.

In the financial ecosystem today, individuals with earned income typically look for ways to save a certain percentage of their income as retirement funds. Individual Retirement Accounts (IRAs) are a unique form of retirement investment scheme that preserves investors’ funds for a long period. These IRAs come in various forms, including the Gold IRA. Here are the 13 best Gold IRA companies that I recommend. Number one will surprise you!

Since immemorial, gold has been utilized as a general store of value as it does not significantly depreciate regardless of the financial market. Individuals utilize gold via IRAs because of the economic security it provides. This article will explore more details about how this investment scheme benefits its users and its Gold IRA statistics. Let’s get started:

Gold Statistics (Gold IRA Statistics)

Why does Gold bullion cost more than the spot price?

The ‘spot’ price of gold is a theoretical price upon which all gold holdings are based. It is a base price before any commissions or fees and does not include costs such as minting, insuring, and shipping.

How are the prices of Gold set in the market? – Who sets the price?

Every day, gold trades in dozens of markets around the world- France, Turkey, Tokyo, Hong Kong, New York, Chicago, Sydney, and so forth. Each market reacts to news, and gold price is always updated. The prices are ‘set’ and constantly ‘re-adjusted’ by the ever-changing supply and demand factors, input by millions of investors, governments, central banks, jewelers, miners, dealers, and other individuals who trade in gold daily. The gold market amounts to billions of dollars daily, and no one can ‘set’ the price. It changes constantly due to hundreds of factors, ranging from the opening of a new gold mine to the changes in interest rates of one currency or another. The gold market is the largest and most free market in all the commodity markets.

Is 24-karat Gold the best?

24-karat gold is the purest form (99.9%), but it is not necessarily the ‘best.’ The gold coin has traditionally been 22 karats because adding a small percentage of alloy metal, usually copper, strengthens it tremendously and makes it less susceptible to wear and damage. Pure gold would be a poor choice for a coin that has to pass hand to hand in commercial use – it would wear with time and usage.

What is an Individual Retirement Account (IRA)? (Gold IRA Statistics)

An Individual Retirement Account, an IRA, is a unique long-term savings account that allows individuals to save up for their retirement and enjoy certain tax benefits. The advantages of an IRA mainly cater to self-employed individuals who do not have access to particular workplace retirement advantages such as a 401(k). IRAs are tax-advantaged accounts to which self-employed individuals can contribute their income before or after the tax deduction. This income grows in the IRA on a tax-free or tax-deferred basis.

Because IRAs are long-term savings accounts, money held in them withdrawn before the age of 59½ will incur a 10% tax penalty on the amount withdrawn.

Before we dive into what a Gold IRA is, let’s look at the general benefits of IRAs.

Benefits of Individual Retirement Account (IRA) (Gold IRA Statistics)

Individual Retirement Accounts (IRAs) serve as a means of providing a tax-advantaged opportunity for individuals saving up for their retirement. Here are several benefits associated with IRAs and how they can contribute to a healthy retirement plan for their investors:
1. Enables True Diversity in Investment: Individuals who utilize individual retirement accounts (IRAs) can invest in various properties apart from stocks, such as treasuries and precious metal assets. Thus, IRAs serve as a means of providing tax-advantaged ways for people to save for their retirement. IRAs generally operate on a tax-deferred or tax-free basis.
1. Available for Self-employed Individuals: Unlike other retirement plans, such as the 401(k) plan, Individual Retirement Accounts (IRAs) are not tied to employers. They are available for self-employed individuals whose income is not covered by an employer plan.
1. Insured by the Government: IRAs are typically insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC is a government-run agency that protects users’ finances and investments when a financial institution, such as banks or lending systems, fails. The FDIC also covers customer deposits held in FDIC-insured institutions and loan associations. The deposit amount in these cases is usually up to 250,000 dollars per account.
What is a Gold IRA? (Gold IRA Statistics)

A Gold Individual Retirement Account, commonly known as a Gold IRA, is a unique individual retirement investment account that allocates a certain percentage of its investor’s income towards the Investment of gold. A Gold IRA holds physical metals and assets, including but not limited to gold bars, palladium bars, precious metals-related securities, and sovereign-minted coins. The Gold IRA not only holds physical bullion, but it also holds paper-based gold assets.

Gold IRAs are a unique form of self-directed IRAs. In these accounts, individuals and investors can direct their savings and investments into purchasing certain collectibles, such as art and gold.

Although it is regulated by the same rules that control the operation of a traditional IRA, such as distributions and contribution limits, a Gold IRA must be held separately from a conventional individual retirement account. Individuals looking to open a gold IRA can do so via a broker-dealer or other financial custodians. Gold IRAs, also known as Precious metals IRAs, can be set up using pre- or post-tax funds like a Roth IRA. Since Gold IRAs require the buying and storing of physical gold assets, financial custodians, such as a brokerage firm or a bank, are needed to manage the operation of the account.

Types of Gold IRAs (Gold IRA Statistics)

Like traditional individual retirement accounts, Gold IRAs come in different types and forms from which investors can choose. These types include:
1. Traditional Gold IRAs: These types of IRAs are funded using pre-tax money. This means that contributions and earnings related to the account develop on a tax-deferred basis, and taxes are imposed on withdrawals when the individual retires.
1. Simplified Employee Pension (SEP) Gold IRA: Like the traditional Simplified Employee Pension (SEP) IRAs, Simplified Employee Pension (SEP) Gold IRAs are special IRAs made available for self-employed individuals or employees of small businesses. Like its traditional counterpart, taxes are only imposed on the individual’s retirement of a Simplified Employee Pension (SEP) Gold IRA rather than on any contributions made to the account. The Internal Revenue Service (IRS) enforces certain limitations on contributions for Simplified Employee Pension (SEP) IRAs.
1. Roth Gold IRAs: Roth Gold IRAs are funded by contributions made with after-tax money. This means that there is no immediate tax advantage attached to this type of Gold IRA. Individuals utilizing this type of IRA pay taxes when the time comes for them to begin to receive distributions when they retire.
General Advantages of Gold IRAs (Gold IRA Statistics)

One primary merit of possessing a Gold IRA is that it helps to diversify the retirement portfolio of its users and thereby enables them to enjoy tax-preferential treatment.
- Serves as a Hedge against Deflation and Inflation: The current financial market is very volatile, which means that, over time, inflation erodes and negatively affects investments. Gold, as an asset, serves as a hedge against these factors as it renders its investors’ portfolios immune to their effects.
- Enables Investors to Control Their Finances: As a self-directed IRA, Gold IRAs enable their users to be sole custodians of their accounts by allowing them to make decisions concerning their account’s assets, the allocation of these assets, and their redistribution while also giving them particular tax advantages.
- Serves as a Better Store of Value than Fiat Currency: Gold assets are good investment options as they are profitable regardless of market volatility. This is because gold is a better store of value than currencies and stocks, as its value can never reach zero. The following is the value of gold compared to that of the Standard and Poor stock market (S&P 500) in past bear markets:
- Black Monday 1987: -22.6% (S&P), +4.2% (Gold)
- Aug. 1 to 14, 1990: -21% (S&P), +11.1% (Gold)
- Oct. 2, 2000, to Oct. 2, 2002: -38.5% (S&P), +18% (Gold)
- Oct. 9, 2007, to Oct. 1, 2010: -20.1% (S&P), +78.9% (Gold)
- Dec. 1, 2019, to March 1, 2020: -19.8% (S&P), +7.6% (Gold)
(Source: Due)
- Serves as a Means of Providing Profit: Gold and other primary precious metals have excellent profit potential based on their historical performance in the traditional financial market. For example, in 2000, Gold was priced at 200 dollars per ounce, which increased to 1,200 dollars in 2017. Gold, in the form of Gold IRAs, can be a potentially profitable means of earning passive income for investors.
(Source: Allegiance Gold)

Understanding Gold IRA Statistics

Analyzing the data from the IRA market can help investors assess the statistics of specific self-directed IRAs, which in this case is the Gold IRA. Below is the analytical data collected from a report on the general IRA market made by an investment company in 2021:
- 37% of American households own an IRA, of which only 35% made contributions in 2019.
- 29% of American households have a traditional IRA. Of this percentage, more than 8 in 10 households had an employee-assisted plan. This means that only roughly 30% of Americans have two retirement plans.
- More than 60% of American households have at least one retirement plan.
(Source: iBR)

Since Gold IRAs are self-directed IRAs, it can be challenging to determine which accounts, in particular, are holding gold and how much gold they possess. This is because demographic information on investors in Gold IRAs is complex, as those records are not made public. This means that the data provided in this article is not entirely accurate. However, it can be used to hypothesize who owns a Gold IRA. Below are some general statistics for context:
- Of the total number of IRAs in the financial market, only 3-5% are self-directed IRAs. This includes all forms of self-directed IRAs, not just gold.
- This survey did not specify if gold was owned in the IRAs or as physical bullion assets.
(Source: iBR)

It is also important to note that as of 2020, roughly 10.8% of U.S. adults held gold as an investment asset. This number is expected to increase yearly as the inflationary environment and economy currently favor physical and hard assets. (Source: Due)

Gold IRAs Versus the U.S. Dollar (Gold IRA Statistics)

In 2022, gold assets outperformed the U.S. dollar by almost two-to-one. The statistical data concerning the growth of gold and the growth of the U.S. dollar is stated below:
- From 1990-2020, Gold assets experienced a 360% increase in price.
- During this same period, there was a 991% increase in the Dow Jones industrial stock market index.
- The United States (U.S.) dollar also experienced a rise of 198% during this same period.
Typically, gold assets function better with low interest rates. In 2022, the interest rate for gold averaged between 0% and 4%.

(Source: iBR)

Gold IRAs Versus Traditional IRAs (Gold IRA Statistics)

Compared to traditional IRAs, Gold IRAs perform differently in the financial market, with a considerable difference in profit return on investment (ROI). For instance, an individual who takes a $1,000 investment in gold in the year 1990 and the same investment in the Dow Jones Stock Market Index in the same year would experience the following:
- A $4,419 return, as of 7/19/22, or $3,419 profit from the gold assets.
- 11,878 dollars in stock market gains.
- A loss of 2x purchasing power of the same amount of dollars if kept in savings.
(Source: iBR)

How is a Gold IRA Taxed? (Gold IRA Statistics)

The tax imposed on gold is based on whether the gold asset is held as a collectible or invested in an IRA. Below is data compiled by the Journal of Accounting that reflects tax rates on gold holdings at the time of compilation in 2022:
1. For investors with an annual income of $60,000 and an investment of $10,000, ROI after tax would be;
  1. 5.85% for physical investments,
  2. 8.94% for a Traditional IRA, and
  3. 6.88% for a Roth IRA.
1. For investors with $398,500 with higher taxes imposed, the ROI would be;
  1. 3.71% for physical investments
  2. 7.94% for a Traditional IRA, and
  3. 5.68% for a Roth IRA.
These return on investment (ROI), including tax implications, reflect a smaller benefit for low-income earners in lower tax brackets (i.e., a 25% tax bracket at the time of investment and a 15% tax bracket at retirement) than more for their wealthy and high-income-earning counterparts.

Final Thoughts (Gold IRA Statistics)

Although gold is a great profit option for users looking to make profits and secure their future by utilizing a Gold IRA, it is worth noting that investing in gold assets depends on the individual’s personal financial and investment profile. For users looking to invest in a Gold IRA, the amount that can be contributed in 2022 is $6,000 and $6,500 in 2023. However, users older than 50 years of age are allowed to contribute an additional amount of $1,000 for both 2022 and 2023. These monetary limits only apply to traditional and Roth Gold IRAs. Here are the 13 best Gold IRA companies that I recommend.
March 8, 2023
Latest 13 Best Gold IRA Companies You Must Know In 2025
Best Gold IRA Companies:

With the stock market’s ever-present volatility, most retirement investors are turning towards gold IRAs, which have continuously shown stable and steady market growth. Gold IRAs permit diversifying retirement portfolios through investing in precious metals.

Knowing that your future financial security may be at stake, there are various factors to consider when choosing a Gold IRA company. The most important considerations should be your chosen company’s integrity and reputation; researching and reading reviews from past clients is one good way to start.

This article will enlighten you on Gold IRAs and how to invest in gold and share some tips. We will also share our 13 top picks for the best gold IRA companies you can invest in based on their ratings from the Business Consumer Alliance (BCA) and Consumer Affairs.

What is a Gold IRA? (Best Gold IRA Companies)

Gold IRA is an individual self-directed retirement account for holding only precious metals. Unlike traditional IRAs designated to hold paper assets, Gold IRA accounts hold only approved precious metals like gold in a secured depository.

Unlike traditional IRAs, gold IRAs are usually self-directed. This means that they can be diversified into other investments, like real estate. Opening and managing a gold IRA account means sourcing the services of a Gold IRA company for proper management, purchase, and storage of the precious metals.

Some standards and guidelines exist to determine if bullion or coins will be accepted and deposited into a Gold IRA account. Only certain gold coins are approved for deposit. The Canadian Maple Leaf and the American Gold Eagle are examples of these gold coins accepted for account deposits.

How Does Gold IRA Investment Work? (Best Gold IRA Companies)

You can either buy gold bullion or sovereign coins as they are both valued and can be deposited as a Gold IRA. Although sovereign coins are more accessible to trade and sell at higher prices than bullion, you can get a beneficial buy-back policy if you choose a good company for your investment.

Gold IRA is like every other individual retirement account, except that the approved investment is gold or other precious metal. You can start a Gold IRA investment with as low as $5,000 or more. You can also open a Gold IRA retirement account with a rollover from an existing IRA. The metals for an IRA account are purchased through a Gold IRA company or any reputable gold dealer.

After opening an account and purchasing a precious metal of your choice, they store it in a secured depository where a custodian or trustee will be assigned to manage the account. These custodians may be credit unions, banks, loan associations, trust companies, or other approved organizations. Although Gold IRAs can be complicated, finding a credible and trustworthy company that matches your retirement goals would be a plus to help diversify your portfolio and start your journey into Gold IRA investments.

Best Gold IRA Companies (Best Gold IRA Companies)

After careful research and screening from customer reviews based on transparency, fees and price, ease of opening an account, and educational resources, here are our top 13 Gold IRA companies for investments.

#1. Augusta Precious Metals (Best Gold IRA Companies)

Opened in 2012, Augusta Precious Metals is a family-owned business in Beverly Hills, California, United States. Although they offer only gold and silver for purchase and IRA, they provide an attractive opportunity for easy IRA rollovers. They do not charge management fees because accounts are self-directed.

Augusta Precious Metals has earned top-notch ratings and reviews from reputable Consumer Rating Agencies, including the Business Consumer Alliance and Consumer Affairs. These reviews and ratings prove they are credible and undoubtedly one of the best Gold IRA companies.

They work in tandem with the Delaware Depository for their customer storage needs, offering top-notch services. Although purchases are not made online, they provide full customer support with the necessary paperwork.

Investment Costs (Best Gold IRA Companies)

Augusta Precious Metals accepts a minimum of $50,000 on investment. Alternatively, you can reduce this cost by transferring from an existing 401(k) or IRA. They also charge a one-time account opening fee of $50, an annual depository fee of $100, and a yearly custodian fee of $100.

This means that the total annual charge for the first year of investment is $250. Afterward, it will be reduced to $200.

Benefits of Investing with Augusta Precious Metals (Best Gold IRA Companies)

Here are some potential benefits of investing in this company.
- They offer fair pricing that comes with 7-day price protection.
- They have a vast selection of precious metals, and Gold IRAs are available.
- They offer extensive educational resources for their customers.
- They work with the Delaware Depository, which has gained IRS approval for their storage services.
- New customers are entitled to a 100% money-back guarantee.
- They offer a highly straightforward and transparent pricing scheme and fee structure.
- They also have an excellent buy-pack policy.
#2. Goldco Precious Metals (Best Gold IRA Companies)

Founded in 2006 with their office in Tarzana, California, United States, Goldco Precious Metals has built a profound reputation from its superior customer support. In addition to their top-notch customer support, they provide a wide range of educational resources for clients, such as ebooks and instructional videos.

Receiving a 5-star rating from Consumer Affairs and an AAA rating from Business Consumer Alliance, Goldco Precious Metals is one of the top picks for Gold IRA companies. Account opening is easy, and customers receive assistance from an assigned company representative throughout the process. They offer IRAs and 401(k) rollovers to transfer already-existing retirement funds.

Investment Costs (Best Gold IRA Companies)

Goldco charges a one-time account opening fee of $50 and an annual $80 storage fee. They also charge a segregated alternative storage fee of $150 and a non-segregated alternative storage fee of $100.

Benefits of Investing with Goldco Precious Metals (Best Gold IRA Companies)

Here are some potential benefits of investing in this company.
- Goldco Precious Metals offers its clients extensive educational resources.
- New accounts receive 10% free silver coins back.
- They work with Delaware Depositories, Brinks Salt Lake City, and International Depository Services Group for storage services.
- They offer a competitive pricing system.
- Silver and Gold IRAs are available.
#3. Birch Gold Group (Best Gold IRA Companies)

Located in Burbank, California, United States, Birch Gold Group is a privately owned company specializing in educating its customers on the benefits of diversifying their savings. Founded in 2003, it also assists customers in opening retirement accounts and offers private placement, consultancy, and asset management services.

With a 5-star rating and impressive reviews from Consumer Affairs and Business Consumer Alliance, Birch Gold Group is one of the finest gold IRA companies globally. With a team of professionals ready to assist customers through their investment process, this company prides itself on being an IRA specialist.

Investment Costs (Best Gold IRA Companies)

Birch Gold Group charges $80 annually for storage and $100 for insurance, making it a $180 annual fee. They charge $50 as an account opening fee plus a $30 wire transfer fee that you will incur. The minimum accepted IRA investment rate is $10,000.

Birch Gold Group will cover your first-year cost only for transfers above $50,000.

Benefits of Investing with Birch Gold Group (Best Gold IRA Companies)

Here are some potential benefits of investing in this company.
- They work with reputable companies like Delaware Depository and Brink’s Global Services for storage services.
- They offer transparent and straightforward pricing information.
- They offer a variety of IRS-approved metals for sale and investment.
- Gold IRAs are available.
- Educational resources for clients are made available.
- Clients can diversify their savings.
#4. Patriot Gold Group (Best Gold IRA Companies)

Founded in 2016, Patriot Gold Group is a private business and a precious metals dealer based in Los Angeles, California, United States of America. Offering over 25 different gold and silver coin options for sale, they have an outstanding history of helping retirement investors secure their investments through Gold IRA. These options include IRA-eligible coins, proof coins, bullion coins, and private coins.

Patriot Gold Group charges no extra commission as a direct dealer company when precious metals are bought through investor-direct pricing. Retirement IRA accounts can be set up in a day, and purchased precious metals are available for home delivery.

Patriot Gold Group is one of the best Gold IRA companies globally, with an AAA rating from Business Consumer Alliance, a five-star rating from Consumer Affairs, and other consumer rating agencies.

Investment Costs (Best Gold IRA Companies)

Although they do not list their sale prices online, you can find out more about the current value of their bars or coins by calling, emailing, or chatting with one of their representatives.

To start an investment with this reputable company, you must invest a minimum of $25,000. Accounts below the no-fee-for-life limits are charged a yearly fixed fee for storage, rollovers, and insurance.

Benefits of Investing with Patriot Gold Group (Best Gold IRA companies)

Here are some potential benefits of investing in this company.
- You can complete your investment application online through the help of an online representative.
- Gold IRAs are available.
- Although metals like silver and gold cannot be purchased online, you can add these products to your quote tool on their official website to ease the purchase process.
- When purchasing qualifying IRAs, no extra fees are charged. This means that the storage, rollover, and insurance fees for large Gold IRA investment accounts are reimbursed to the client.
#5. America Hartford Gold Group (Best Gold IRA Companies)

Located in Los Angeles, California, United States, the America Hartford Gold Group is a privately owned company that sells precious metals and helps customers set up IRA accounts. Their IRA investment options include Gold bars, American Gold Eagle coins, Silver Canadian Maple Leaf coins, American Gold Buffalo coins, and American Silver Eagle coins.

With an AA company rating and a 5-star review from Business Consumer Alliance, America Hartford Gold Group is on the list as one of the best Gold IRA companies. They also have a 5-star review from Consumer Affairs, earning them a credible reputation.

Investment Costs (Best Gold IRA Companies)

Opening a gold IRA account, rolling over a retirement account, and shipping precious metals are charge-free. The amount charged for deposits depends on the investment type.

For other investment costs, visit their website and contact an online customer representative.

Benefits of Investing with America Hartford Gold Group (Best Gold IRA Companies)

Here are some potential benefits of investing in this company.
- They offer an impressive buy-back policy with a guarantee.
- No shipping fee is charged for the purchase of precious metals.
- Gold IRAs are available.
#6. Noble Gold Investments (Best Gold IRA Companies)

Located in Pasadena, California, United States, Noble Gold Investments is a legitimate precious metals company with good customer satisfaction reviews from past clients. They offer a range of Gold IRA resources and work hard to maintain customer satisfaction. Young investors looking for a gold IRA company that accepts low investments can choose Noble Gold Investments.

With a 5-star rating from Consumer Affairs and an AA from Business Consumer Alliance, Noble Gold Investments is yet another reputation Gold IRA company. They offer charge-free consultations to clients and also provide extensive educational resources.

Investment Costs (Best Gold IRA Companies)

Noble Gold Investments charges an annual storage fee of $80 for Gold IRAs and an additional $150 annually for clients with Gold IRA accounts in Delaware and Texas.

Their minimum investment rate is $2,000, and the prices of their survival packs range from $10,000 to $500,000.

Benefits of Investing with Noble Gold Investments (Best Gold IRA Companies)

Here are some potential benefits of investing in this company.
- They offer transparency on their IRA fees.
- Precious metals are stored in secured Texas, Delaware, and Canada depositories.
- Their survival packs are open for home delivery.
- They offer numerous educational resources for their clients.
- They offer personalized but transparent services.
- Gold IRAs are available.
#7. Oxford Gold Group (Best Gold IRA Companies)

Located in Beverly Hills, California, Oxford Gold Group is a precious metals dealer that offers investment options like gold and silver IRAs. They offer competitive prices and a wide selection of self-directed retirement accounts.

Founded in 2018 and recognized by the Business Consumer Alliance and Consumer Affairs, Oxford Gold Group specializes in assisting clients in meeting their retirement goals by tailoring their investments strategically to meet their needs by purchasing precious metals.

Investment Costs (Best Gold IRA Companies)

Oxford Gold Group charges a $175 annual fee for accounts with less than $100,000 in savings and a $225 annual fee for accounts with over $100,000 in savings. No other fee is charged, although investors are responsible for paying for their gold or other precious metals purchased.

Benefits of Investing with Oxford Gold Group (Best Gold IRA Companies)
- No charge on account start-up
- Transparent fees
- Free Delivery of precious metals on purchase
- They offer rollovers from other retirement accounts into precious metal IRA accounts
- Gold IRA is available
- They offer a repurchase program with no extra fee charged
#8. Advantage Gold (Best Gold IRA Companies)

Founded in 2014, Advantage Gold is a rapidly growing company that has continuously earned its reputation, especially among first-time buyers. Located in Los Angeles, California, United States, Advantage Gold is widely known for its reliability, transparency, and top-notch customer support.

Having good reviews from other Consumer Rating Agencies, a 5-star rating from Consumer Affairs, and an AAA rating from Business Consumer Alliance, this young company has made its way to the top of the list as one of the best Gold IRA companies globally.

Although there is no specified amount for fees charged or investment costs, reviews from clients claim they offer welcoming amounts. They work in tandem with reputable companies like Delaware Depository and Brink’s Global Services USA, Inc., for their customer services, and their custodian is STRATA Trust Company.

Investment Costs (Best Gold IRA Companies)

There is also no specified amount for minimum investment, purchase fee, account opening fee, or annual storage fee. For more details on these values, contact the company or a representative.

Benefits of Investing with Advantage Gold (Best Gold IRA Companies)

Here are some potential benefits of investing in this company.
- They charge a low annual storage fee.
- They offer a straightforward fee structure.
- Gold IRAs are available.
- They offer extensive resources and educational materials that benefit first-time buyers.
- They also offer an excellent buy-pack policy, with opportunities for clients to make repurchases at the market price.
#9. Orion Metal Exchange (Best Gold IRA Companies)

Founded in 2017, Orion Metal Exchange is a full-service gold investment company and IRA group in Los Angeles, California, United States of America. Offering gold, silver, and palladium metals for sale and investment, they are among the best choices for small investors. They also provide storage options for any IRS-approved metal.

Although they charge an annual fee for storing and securing metals, no extra fee gets charged during purchase, transfer, or IRA account setup. You only get three years of fee-free storage on promotional offers and ongoing account management support.

With a 4.8 overall rating from over 168 reviews and Consumer Affairs, Orion Metal Exchange is one of the most reliable Gold IRA companies.

Investment Costs (Best Gold IRA Companies)

Although they do not release their online feed info, you can find out more about the current value of their bars or coins by calling, emailing, or chatting with one of their representatives.

To start an investment with this reputable company, you must invest at least $5,000. The minimum amount accepted for gold purchases is $268.

Benefits of Investing with Orion Metal Exchange (Best Gold IRA Companies)

Here are some potential benefits of investing in this company.
- You can complete your investment application online through the help of an online representative.
- Precious metals like gold, silver, and platinum can be bought online.
- Gold IRAs are available.
- Clients can physically possess and liquidate their metals.
- There is no extra fee charged for their buy-back policy.
#10. Red Rock Secured (Best Gold IRA Companies)

Founded in 2008, Red Rock Secured has an office in Southern California, United States. They specialize in self-directed IRAs and are known for their top-notch customer support and services.

Consumer Affairs and Business Consumer Alliance ranked Red Rock Secured as one of the best gold IRA companies. It offers only gold and silver IRA metals with a secured home delivery option. For approved home delivery, clients are expected to create an LLC and have an approved IRA storage facility for metal storage.

Investment Costs (Best Gold IRA Companies)

They accept a minimum investment of $10,000 on a Gold IRA. The annual storage fee charged ranges from $125 to $300.

Benefits of Investing with Red Rock Secured (Best Gold IRA Companies)

Here are some potential benefits of investing in this company.
- Clients can purchase precious metals for IRA investment or home storage with a home delivery option.
- Most purchases can be made online with customer support.
- Gold IRAs are available.
- They offer an available Thrift Savings Plan Option.
- Price protection is assured.
#11. Monetary Gold (Best Gold IRA Companies)

Founded in 2000 in Woodland Hills, California, United States, Monetary Gold specializes in silver and gold products. Clients can also open an IRA account with them, which will be funded with IRS-approved precious metals.

With good ratings from Consumer Affairs and an A rating from Business Consumer Alliance, Monetary Gold is one of the credible Gold IRA companies for investments. They also offer a variety of foreign coins, bullion coins, rare U.S. coins, and modern-proof coins.

Investment Costs (Best Gold IRA Companies)

They accept a minimum investment of $5,000 to $10,000 on a Gold IRA. Their annual insurance and storage fee starts at $100, and new clients get their precious metals shipped for free.

Benefits of Investing in Monetary Gold (Best Gold IRA Companies)

Here are some potential benefits of investing in this company.
- They work in tandem with the Delaware Depository for their depository storage.
- They offer charge-free shipping for new clients.
- They offer a variety of investment options.
- Silver and Gold IRAs are available.
#12. Freedom Shield Capital (Best Gold IRA Companies)

With its office in Santa Monica, California, United States, Freedom Shield Capital is a wealth preservation company founded in 2002. They specialize in alternative assets like silver and gold and offer self-directed silver and gold IRAs.

With good ratings and reviews from Consumer Affairs, Freedom Shield Capital is one of the best gold IRA companies for investments. Clients are then allowed to manage their accounts and are charged a one-time service fee with no extra commission.

Investment Costs (Best Gold IRA Companies)

Freedom Shield Capital charges a one-time service fee when an account gets opened and a free shipping fee for investments above $10,000.

Clients with $50,000 and above investments do not pay a storage fee. Investments below $50,000 will incur storage fees. Contact a company representative for more information on the minimum investment accepted.

Benefits of Investing with Freedom Shield Capital (Best Gold IRA companies)

Here are some potential benefits of investing in this company.
- They offer a charge-free virtual or in-person consultation.
- Investments from $50,000 and above are charge-free.
- Gold IRAs are available.
- They have an impressive buy-back policy with a guarantee.
- Shipping is charge-free.
#13. U.S Money Reserve (Best Gold IRA Companies)

The U.S. Money Reserve is a gold sales company offering self-directed gold IRAs in Austin, Texas, and the United States. They also assist customers in setting up new gold IRA accounts or transferring from existing ones.

Opened in 2002, U.S Money Reserve received credible ratings and reviews from Consumer Affairs and the Business Consumer Alliance. If you want to diversify your retirement portfolio and start a gold IRA investment, the U.S Money Reserve is one of the best picks. They offer a variety of gold coins and bars for sale and store them in IRS-approved facilities.

Investment Costs (Best Gold IRA Companies)

The U.S. Money Reserve offers a variety of gold products that can be purchased online on its website. Here are some of them.
- Certified coins ($199 – $1,965)
- Bullion ($244 – $2,056)
- Bars ($1,970 – $60,286)
- Coins ($247 – $2,097)
Gold IRA investments require a minimum of $25,000 for purchases, rollovers, or transfers. They also charge an annual storage fee of $250.

Benefits of Investing with the U.S Money Reserve (Best Gold IRA Companies)

Here are some potential benefits of investing in this company.
- They provide an impressive buy-back policy with a guarantee.
- Precious metal purchases can be made online or over the phone.
- A home-delivery option is available.
- Gold IRAs are available.
- They offer rollover options for existing 401(k).
- Extensive educational resources for clients are available.
General Benefits of Investing in Gold IRA (Best Gold IRA Companies)

Gold IRA retirement accounts offer many benefits, including tax benefits, portfolio diversification, and stability.

Tax Benefits (Best Gold IRA Companies)

Just like traditional IRAs, gold IRAs also provide tax benefits. Although conventional self-directed IRAs are tax-charged, eligible withdrawals are tax-free.

The IRS maintains an annual contribution limit of $5,500 for individuals under 50 and $6,500 for individuals above 50. If you have a pre-tax IRA, you will pay taxes on your distributions during retirement.

Portfolio Diversification (Best Gold IRA Companies)

Since gold IRA investments are self-directed, clients can decide to diversify their accounts to other areas. It means that you control your investment and make choices independently.

When the price of other assets decreases, gold may increase. It helps maintain a portfolio’s value, especially during crises.

Stability (Best Gold IRA Companies)

Compared to other assets, gold is a stablecoin. It can even be said to be everlasting, with less market volatility, unlike other stocks or investments. Therefore, adding a gold IRA to your retirement portfolio offers investment stability.

The key is selecting a reputable company that has its clients’ interests at heart. Although you can store other precious metals like silver and palladium in IRAs, the market is more dominated by gold because of its ease of access and popularity.

Tips for Selecting a Gold IRA Company (Best Gold IRA Statistics)

Here are some tips to guide your selection of a reputable IRA provider.

Business History (Best Gold IRA Statistics)

The first step before choosing a company for investment should be running a background check on it. Review its customer service history and find out the number of clients who expressed satisfaction with its services.

If most of their past clients express satisfaction with their services, you may proceed with your investment plans.

Research (Best Gold IRA Statistics)

After reviewing their business history, you should conduct further research. Using the internet services available, take your time to evaluate and compare different companies to find the best.

Always read the reviews from past clients. They can help you make a better decision.

Check for Credentials (Best Gold IRA Statistics)

Although you can always rely on reviews from past clients, you can also source credentials to check company validity. Companies like these should have some valid licenses to prove their validity and competency.

One of these credentials is the IRS certification. Check for certifications before investing to avoid being entangled with a company battling unresolved lawsuits or claims.

Marketing Techniques (Best Gold IRA Statistics)

The next thing to check for is the marketing techniques because most companies make alleged and extravagant claims. Some even promise huge earnings to attract clients.

Be sure to carefully review their marketing techniques and choose a company that educates its clients on the disadvantages and advantages of investing in precious metals. After this, take your time to ensure you make a good decision.

Compare Investment Costs (Best Gold IRA Statistics)

Although gold IRA companies profit from the fees they charge, some hike these charges to ridiculous levels. Some of the regular fees paid for gold IRAs are for account opening, management, investment, and annual storage.

Compare the investment costs of different companies to know the one that provides the best deals and ensure you make a good decision.

Take Your Research Offline (Best Gold IRA Companies)

You can take your research offline by asking for the opinion of your family or friends. This strategy can help you make a good decision, especially if they share your interests in Gold IRA investments.

You can also ask for the opinion of your colleagues who share similar interests or own Gold IRA investments.

Final Thoughts (Best Gold IRA Companies)

When choosing a gold IRA company for your retirement investment, you should consider many factors. Knowing that your financial stability may be at stake if you make a wrong decision, ensure you take your time to confirm a company’s integrity and reputation before making investments.

After reviewing 20 companies offering gold IRA services based on their ratings and reviews from Business Consumer Alliance and Consumer Affairs, the 13 companies listed above are undoubtedly the best. They provide top-notch customer services, extensive educational resources, and several gold IRA investment options.
March 8, 2023
Latest Review Home Storage Gold IRA (Is It Legit?) 2025
Individuals interested in investing in gold, silver, platinum, palladium, and other precious metals might have seen misleading ads for “Home Storage Gold IRA. It’s advisable to proceed with caution before going ahead with these. But the fact is that home storage gold IRAs don’t work and are not advisable.

There is a bypass, which already suggests it’s not a bright idea. After all, we’re talking about your retirement investment, not a short-term investment portfolio.

Home storage Gold IRAs are not advisable. They are very risky. Most companies offering Home storage Gold IRA will not tell you this, which is why the Self-directed IRA is the best bet.

What is a Gold IRA? (Self-Directed IRA)

A Gold IRA is an individual retirement account that allows you to invest in gold, silver, or other precious metals.

To open a Gold IRA, you must create a self-directed account administered by an IRA custodian who operates and stores precious metals like platinum and silver. Gold IRA can also be allowed to hold gold stocks also.

It would help if you worked with a self-directed IRA custodian facilitating these accounts. You’re directing what IRA-eligible assets you invest in but must handle this IRA in compliance with the IRS tax rules.

Understanding Gold IRAs

A personal retirement account is a tax-deferred account that helps individuals save for retirement. There are different formats such as Traditional IRA, Roth IRA, and Gold IRA. As mentioned earlier, gold IRAs allow investors to hide their money in gold and other precious metals. These accounts should be kept separate from your standard IRA.

The Gold IRA is also known as the Precious Metal IRA. They can be set up with pre-tax funds or purchased as Roth IRAs with after-tax funds. Unlike other IRAs, these accounts require the purchase and storage of physical gold. As a result, Gold IRAs require you to use a custodian (usually a bank or brokerage firm) to manage your account.

A traditional IRA allows investors to hold only stocks, mutual funds, or other traditional investments. The Internal Revenue Service (IRS) allows autonomous IRA account holders to purchase bars and coins minted from gold or other approved precious metals such as silver, platinum, and palladium.

Gold IRA funds can also be invested in gold-related paper investments, such as:

Exchange-Traded funds (ETFs)

Stock in gold mining companies

Precious metals mutual funds

Precious metals commodity futures

How Does Home Storage Gold IRA Work?

If my IRA invests in gold or other bullion, can I store the bullion in my home?

Gold and other bullion are “collectibles” under the IRA statutes, and the law discourages the holding of collectibles in IRAs. There is an exception for particular highly refined bullion, provided it is in the physical possession of a bank or an IRS-approved nonbank trustee. This rule applies to an indirect acquisition, such as having an IRA-owned Limited Liability Company (LLC) buy the bullion. IRA investments in other unconventional assets, such as closely held companies and real estate, run the risk of disqualifying the IRA because of the prohibited transaction rules against self-dealing.

If you want to purchase a home storage gold IRA, whoever the facilitator is will recommend a Self-Directed IRA LLC with “checkbook control.” The bypass we mentioned earlier.

The LLC facilitates precious metals purchase and storage, instantly making you your custodian.

The legal issues start at this point if they haven’t already started.

Being a custodian of precious metals in an IRA is a different ball game. It requires constant and adequate management of assets, following the track of the laws, writing and filing reports, and so on.

The IRS & Home Storage Gold IRA

Individuals can purchase and hold gold, silver, and other precious in their home safe. It is illegal by the IRS to keep them at home. Section 408(m) of the IRS code explains what types of precious metals may be acquired using the self-directed IRA. The code requires these precious metals to have a custodian.

The IRS monitors individuals who break home storage gold IRA rules. That ignorance often leads to tax penalties.

The American government is looking for more revenue. The home storage gold IRA is on its radar and waiting to render maximum penalties. There are repercussions for individuals who don’t comply with IRS regulations. Here’s how Jeffrey M. Christian explains it, he is a Gold and precious metals expert in his ICTA white paper:

“This is a big risk to individual investors. You may face taxes, penalties, and fees on your entire IRA should the IRS decide to call you on your self-storage of precious metals. And the IRS can pursue investors doing this at any time. They know it is a violation they can pursue whenever they want.”

Individuals who breach the regulations and hold the IRA Gold home will face penalties. Securing your gold at home will be regarded as a distribution, Which translates to a 10% penalty if you are under 59.5. The investments you hold will no longer be tax-deferred either, so you will owe income taxes on the distribution. It’s usually a considerable amount of money.

If the IRS notices improper account activity, the case might also lead to an IRA audit, resulting in additional fines and penalties, depending on the audit.

A recent case study shows how a couple was fined $320,000 for being IRA custodians for their precious metal. Semi-high-profile case. The couple invested unethically in precious metals. This fate can befall anyone investing in gold, silver, and other precious metals through home storage of gold Ira.

How can I open a gold IRA the right way, then?

Holding precious metals like gold and silver requires a Self-Directed IRA.

But home storage gold IRAs aren’t the right choice for your precious metals. It is much better to look for companies that provide self-directed IRAs.

You are reassured of your investment when you follow the self-directed IRA route. It might seem all new, but you don’t need a lot of knowledge to start investing.

They have experts at the companies to guide and educate you through the entire process. They also manage your IRA accounts, so you avoid the paperwork when you use their services.

KEY TAKEAWAYS
- A Gold IRA is a retirement account that allows investors to hold gold coins or bars or other precious metals as an investment.
- Gold IRAs can be set up in pre-tax or after-tax dollars through select custodians or brokers.
- The IRS allows independent IRA holders to purchase gold, silver, platinum, and palladium bars, coins, or other approved physical forms.
- These accounts typically have higher fees than regular IRAs as they require you to purchase and store physical metal. annual contributions are limited by the IRS.
How Do Gold IRA Companies Do It, Then?

A company promoting gold investment in an IRA that doesn’t require a home storage gold IRA usually outlines the process for you on its website.

They inquire about your financial status and work with expert custodians to open a self-directed retirement account for you. The IRA is the most crucial account you will own. Wrong decisions can jeopardize the status of the IRA account.

After creating the gold IRA account, the company will work with an IRA custodian and IRS-approved storage facility to facilitate purchasing and storing precious metals for you.

The gold IRA company is usually different from the custodian company. These custodian companies can be as large or more prominent as the gold IRA company. They tend to handle precious metals storage for numerous companies.

The custodian doesn’t possess a safe or vault but will work with your precious metals merchant and chosen storage depository to ensure everything is secured. The custodian’s primary duty is to file paperwork on your behalf yearly. The custodian ensures no irregularities occur to the account and keeps track of laws while investing. IRS rules require that all IRA accounts have their custodian.

Physical Gold vs. IRA Gold – Which Is Best?

Self-storage of physical metals works and is very popular. It has nothing to do with your self-directed IRA. You can own physical gold outside an IRA and have a self-directed gold IRA filled with them. The IRA company will offer to purchase precious metals for you at every opportunity. You will need a different professional for the precious metal in your home: a bullion merchant.

The company can also assist with providing clients with physical gold, or it might not. It’s essential to take note. However, a reputable bullion merchant will facilitate the process for you to store your precious metals at home.

Some research is needed for a first-timer to determine which bullion products are suitable for their vault or safe at home.

The IRA companies can also facilitate the sale of precious metals. They have a minimum purchase for cash sales higher than other bullion retailers because they focus more on IRA accounts.

A good example is Birch Gold Group which has a $10,000 minimum for cash purchases. If you want to buy gold and other precious metals through small acquisitions slowly, this $10,000 minimum may be high.

Storing gold and other precious metals gives you much freedom, but it can be tasking and challenging. You have to get a vault or a safe, considering the size of the precious metals. They have to be out of plain sight.

You must look into insurance guidelines and policies if you have many precious metals. Gold and other precious metals products are all excellent investments. The choice is up to you to decide which is right for you.

Pros of Gold IRAs

Like all investments, gold IRAs have their strengths and weaknesses. Some of the advantages are:
- Tax benefits. Gold IRAs offer some of the same special tax treatment as standard IRAs. Eligible withdrawals from accounts are tax-free.
- Long Hold. Physical gold is not very liquid, but neither is IRA stock. Gold is a long-term buy-and-hold investment, so it’s a good fit for IRAs, who often don’t touch their assets for decades, typically until retirement. Gold IRAs are always self-directed.
- Tight Control. This means direct control over your property and making all investment decisions.
Cons of Gold IRAs

Consider these drawbacks if you are interested in a Gold IRA.
- Tax-exempt income. Bullion does not pay interest, dividends, or other income. As such, it doesn’t really take advantage of the tax-free growth aspect of IRA investments. You only get a break from the capital gains you get from selling gold for a profit.
- Fees are high. Gold cannot be stored at home or in a bank-safe deposit box. Instead, you must pay a custodian to store, insure, purchase, ship, and transport the bullion you hold in your IRA. Gold IRA storage fees are also typically higher than regular IRA administration fees.
- Funding Restrictions. You cannot transfer the bullion you already own to your Gold IRA. In addition, personal purchases of precious metals and remittances to the IRA are not permitted. Custodians must process all transactions on your behalf.
Summary Of Gold IRA

• IRA-approved gold (and other precious metals) must meet exacting IRS standards for size, weight, metal purity, and design to make sure they pass muster as investment-grade assets.

• A gold IRA company will help you open and fund a gold IRA and will coordinate with the custodian and depository — both of which must be IRS-approved — to administer your account and store your gold.

• You can buy gold for your IRA with a rollover from another retirement account or by authorizing the gold IRA company to conduct an institution-to-institution transfer.

• When you have to take RMDs, you can choose to liquidate the gold or have the metal shipped to you — make sure you understand the costs of each, and factor those into your budget.

• Gold IRA companies are not financial advisors bound by a fiduciary duty to operate in your best financial interests. Seek out reputable outside sources or a fee-based financial planner for investment advice if you are unsure if a gold IRA is right for you.

Final Thoughts

You should consider many factors when choosing a Gold IRA company for your retirement investment. Knowing that your financial stability may be at stake if you make a wrong decision, ensure you take your time to confirm the integrity and reputation of a company before making investments.

After reviewing 20 companies offering Gold IRA services based on their ratings and reviews from Business Consumer Alliance and Consumer Affairs, the 13 companies listed here are undoubtedly the best. They provide top-notch customer services, extensive educational resources, and several gold IRA investment options.
November 11, 2022