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A gold IRA is a self-directed individual retirement account (IRA) where you invest in gold and other precious metals instead of stocks or mutual funds. Gold is often considered to be a solid investment since it tends to move in the opposite direction of the stock market. That is, that if the market is dropping, your precious metals investment will still be doing well. However, choosing the right company to handle your investment is a vital first step because picking the wrong gold IRA company can cost you time and money. Find below five trustworthy companies you may want to consider for your gold investments.
Patriot Gold Group
Patriot Gold Group is a precious metals dealer, and it facilitates transactions involving precious metals like gold and silver. They have been in business since 1990 and is a certified Professional Coin Grading Service (PCGS) company. When you set up a gold IRA, Patriot Gold Group will work with your custodian and storage facility to facilitate the process of buying precious metals.
APMEX
APMEX is one of the largest online precious metals dealer and offers more than 10,000 items. The company has been in business since 1999, and it helps customers set up gold IRAs and purchase precious metals for their own personal collection. They have a vast variety of precious metals to choose from, and they will walk you through the process of funding your IRA.
Goldco
Goldco started in 2006, and since then, it has helped thousands of customers invest in precious metals like gold, silver, platinum, and palladium. The company offers gold and silver IRAs, and stores these precious metals in a third-party vault. You can also buy precious metals from the company, and they will either store them for you or deliver them directly to your home.
Lear Capital
Lear Capital offers a number of benefits to its customers, including a no-fee buy-back program. They have been in the industry for over 20 years now. By choosing Lear Capital, the company will educate you on how to set up your gold IRA.
Gold Alliance Capital
Gold Alliance Capital will either help you set up a gold IRA, or allows you to buy precious metals from the company outside of an IRA. Gold Alliance Capital have been able to build good reputation as a precious metals dealer, and they provide free precious metals storage to all its customers.
Setting up a gold IRA can be a good way for you to diversify your portfolio outside of the stock market.
Good luck!!