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When it comes to protecting your retirement account against market volatility and inflation, a gold IRA or precious metals IRA may be one of the best options at your disposal.
A gold IRA is a specialized, self-directed individual retirement account designed to hold physical gold and silver, and other precious metals. Just like traditional IRAs, a gold IRA allows pre-tax contributions, meaning that the investment earnings can accumulate tax-deferred.
Opening up a precious metals IRA account has many benefits, and can help you:
- Hedge against a weaker dollar and increasing inflation
- Limit exposure to economic uncertainty
- Mitigate the effects of geopolitical instability
- Diminish negative fallout from the coronavirus economic crisis
- Diversify your portfolio
- Take real ownership of your financial future
In this article, HowToInvestGold.com has reviewed and rated the top 5 precious metals IRA companies in the industry to help you identify the best option to protect, secure, and grow your wealth.
We have rated each precious metals company on a variety of factors including BBB/BCA ratings and complaints, customer reviews, annual fees, precious metals selection, promotions, and buy-back programs.
1. Goldco: Best Overall Gold IRA Company
Goldco is our top choice for the best gold IRA company in the United States.
With almost two decades in the business and close to a spotless track record, we believe that the company has earned its spot as the leading and most trusted provider of precious metals IRAs in the US.
Founded by Trevor Gerszt in 2011, Goldco’s mission is to help Americans protect and secure their retirement savings accounts from stock market volatility and inflation with the use of precious metals, which they have successfully been doing for 16 years now.
The company’s specialty has always been the sale and delivery of premium gold and silver coins that are IRA-approved and in helping investors identify which precious metals are right for them.
Goldco offers unmatched customer service and their Precious Metals Specialists make it a seamless process to start a new gold IRA account, where they hold your hand pretty much from start to finish.
Their low annual fees, A+ rating by the Better Business Bureau and AAA rating by the Business Consumer Alliance and thousands of 5 star reviews on popular watchdog sites, makes them the best and safest option to open up your gold IRA account.
Additionally, Goldco was honored as the Company of the Year in the 2021 American Business Awards.
And was also endorsed by the talk show host and conservative political commentator Sean Hannity and American radio personality Stew Peters.
They support the company’s growth initiatives to educate people about the benefits of buying gold and silver, as well as protecting their IRA, 401(k), TSP, or pension accounts with physical precious metals.
Plus, Goldco offers the highest buy-back guarantee on the market in case you want to liquidate your precious metals.
Reasons To Choose Goldco As Your Precious Metals Company
To give you a quick overview, here are reasons why we recommend you choose Goldco as your precious metals company:
- You can get $10,000 or more in FREE silver (if opening up a qualifying IRA)
- Unmatched customer service
- No high pressure sales tactics
- Outstanding ratings & customer reviews
- Free and easy IRA & 401(k) rollovers
- A+ BBB rating and AAA BCA rating
- Highest buy-back guarantee in the industry
- Free storage for non-IRA precious metals
- 2021 Company of the Year Award
Popular Goldco Gold Coins & Gold Bars
If you’re wondering about Goldco’s precious metals selection, we have listed some of their popular gold and silver coins and bars:
- Gold American Bald Eagle Coin
- Gold American Eagle Proof
- Gold American Eagle Coin
- Gold Buffalo Coin
- Gold Maple Leaf Coin
- Gold Lucky Dragon Coin
- Gold Australian Saltwater Crocodile Coin
- Royal Mint Gold Lunar Series: 2016-Year of the Monkey Coin
- Royal Mint Gold Lunar Series: 2017-Year of the Rooster Coin
- Royal Mint Gold Lunar Series: 2018-Year of the Dog Coin
- Royal Mint Gold Lunar Series: 2019-Year of the Pig Coin
- Numerous PAMP Suisse and Perth Mint gold bars of various sizes
Goldco Silver Coins
- Silver American Bald Eagle Coin
- Silver American Eagle Coin
- Silver American Eagle Proof Coin
- Silver Lucky Dragon Coin
- Silver Maple Leaf Coin
- Silver World War I Coin
- Silver WWII Victory Coin
- Silver Australian Saltwater Crocodile Coin
- Royal Mint Silver Britannia Lunar Series: 2015-Year of the Ram Coin
- Royal Mint Silver Britannia Lunar Series: 2016-Year of the Monkey Coin
- Royal Mint Silver Britannia Lunar Series: 2017-Year of the Rooster Coin
- Royal Mint Silver Britannia Lunar Series: 2018-Year of the Dog Coin
- Royal Mint Silver Britannia Lunar Series: 2019-Year of the Pig Coin
Goldco’s Recent Verified Customer Reviews
As mentioned, customers can’t stop giving praise to Goldco and their knowledgeable Precious Metals Specialists.
Here is a sample of some recent, verified customer reviews:
2. Augusta Precious Metals: Most Trusted Gold IRA Company
Next on our list of the best gold IRA companies comes Augusta Precious Metals. The company truly lives up to being the most trusted gold IRA company in the US.
From opening its doors in 2012, the company has an excellent track record with thousands of top ratings.
They have an A+ BBB rating and a AAA rating with the BCA, and Augusta Precious Metals has also been named “Most-Trusted Gold IRA Company” by IRA Gold Advisor and received “Best of TrustLink” 6 years in a row.
Then there’s the fact that Augusta is endorsed by hall of fame quarterback and multimillionaire Joe Montana.
He asked his personal financial team to find the best gold IRA company, and they found Augusta for him.
He attended the company’s unique one-on-one web conference and became a customer. Joe loved the company’s mission so much that he also became the company’s paid corporate ambassador.
What also stands out is that the company offers the most unique approach to customer education via its personal one-on-one web conferences designed by on-staff Harvard-trained economist Devlyn Steele.
Overall, Augusta Precious Metals has a well-oiled process for making your gold IRA rollover or transfer stress-free and easy together with IRA Specialists you can trust.
Reasons To Choose Augusta As Your Precious Metals Company
Here are some reasons to choose Augusta as your precious metals company:
- Thousands of top ratings — plus hundreds of top reviews with the BBB, BCA, TrustLink, and others
- Unique, free one-on-one educational web conference designed by Augusta’s on-staff, Harvard-trained economist
- Endorsed by hall of fame quarterback and multimillionaire Joe Montana and his personal financial team
- Up to 10 years of fees reimbursed to your IRA in premium silver coins (ask what you qualify for)
- Educational, no-pressure sales approach
- Easy and stress-free IRA setup, with a streamlined process
- Buy-back program
Augusta Precious Metals Gold And Silver Coins & Bars
- Gold American Eagle Proofs
- Gold American Eagle Coins
- Gold American Buffalo Coins
- Gold Canadian Eagle Coins
- Gold Canadian Maple Leaf Coins
- Australian Striped Marlin
- Gold or Silver Austrian Philharmonics
- Silver Canadian Eagle with Nest Coins
- Silver Canadian Soaring Eagle Coins
- Silver Canadian Maple Leaf Coins
- Silver American Eagle Coins
- Silver America the Beautiful Coins
- Gold or Silver Bullion Bars
Augusta Precious Metals Fees And Investment Minimums
For more details, read the full Augusta Precious Metals review.
3. Birch Gold Group: The Gold IRA Specialist
Third on our list comes Birch Gold Group.
Founded in 2003 and headquartered in Burbank, California, Birch Gold Group’s executive team of former wealth managers, financial advisors, and commodity brokers have helped thousands of Americans diversify their savings with physical precious metals, including gold, silver, platinum, and palladium.
Like the previous gold IRA companies, Birch Gold Group has an A+ rating with the BBB and an AAA rating with the BCA.
They’ve also managed to earn thousands of 5-star reviews, with more than 12,000 clients across the US.
The company’s educational, no-pressure sales approach and easy and stress-free gold IRA setup, makes them an excellent choice for a gold IRA company.
In addition, Birch Gold Group has been endorsed by Ben Shapiro and featured regularly in major news and media outlets.
This partnership allows the public to learn more about their retirement savings options since Mr. Shapiro’s thoughts are that, “it is foolish not to have some assets in the one area of human activity that has never been worth zero.”
Mr. Shapiro even helped bring to the fore the option to rollover an IRA or eligible 401(k) into an IRA backed by physical gold and silver.
Also, Birch waives all setup fees for new accounts over $50,000, plus shipping fees on all cash purchases of $10,000 and more.
Plus, their buy-back program makes it easy to liquidate your metals when it is time to sell.
Reasons To Choose Birch As Your Precious Metals Company
Here are some reasons for choosing Birch Gold Group as your precious metals company:
- With 19 years in business, BGG is an established gold IRA company
- A+ rating by the BBB and AAA rating by the BCA
- Great customer reviews
- Educational, no-pressure sales approach
- Easy gold IRA setup
- $10,000 investment minimum (less than most competitors)
- Waives shipping fees on all cash purchases
- Offers a buy-back program
- On-going promotions
Birch Gold Group Gold Coins & Gold Bars
- American Buffalo Coin
- American Gold Eagle
- American Gold Eagle
- Canadian Gold Maple Leaf
- Austrian Philharmonic Coin
- Australian Nugget/Kangaroo Coin
- Gold Gyrfalcon Coin
- Gold Polar Bear and Cub Coin
- Gold Rose Crown Guinea Coin
- Gold Twin Maples Coin
- Valcambi Combi Bars
- A Variety of Gold Bars and Rounds
Birch Silver Coins & Silver Bars
- America the Beautiful Silver Series
- American Silver Eagle
- American Silver Eagle
- Canadian Silver Maple Leaf
- Austrian Philharmonic Coin
- Australian Kookaburra Coin
- Mexican Libertad Coin
- Silver Gyrfalcon Coin
- Silver Polar Bear and Cub Coin
- Silver Rose Crown Guinea Coin
- Silver Twin Maples Coin
- A Variety of Silver Bars and Rounds
Platinum Coins & Bars
- American Platinum Eagle Coin
- A Variety of Platinum Bars and Rounds
Palladium Coins & Bars
- Canadian Palladium Maple Leaf Coin
- A Variety of Palladium Bars and Rounds
Birch Gold Group Fees And Investment Minimums
For more information, read the full Birch Gold Group review.
4. Regal Assets: The Best Alternative Assets IRA Company (Crypto & Precious Metals)
Regal Assets is our top choice when it comes to alternative assets IRAs, mixing precious metals and cryptocurrencies such as Bitcoin and Ethereum.
The company specializes in helping people secure their savings and investments through gold-and-crypto-backed IRA programs and has been the market leader in the precious metal IRAs market for 10 years in a row.
Regal Assets has an A+ rating with the BBB and an AAA rating with the BCA.
They’ve also managed to earn thousands of outstanding customer reviews on sites like TrustLink and BirdEye where people praise their customer service.
Like our other contenders, Regal Assets also offers an easy and stress-free IRA rollover, where an IRA Expert at Regal guides you through the whole process.
They will directly contact a client’s IRA custodian to have the funds transferred over to them.
Best of all, they offer zero rollover/transfer fees and cover your storage and admin fees for the first year when opening a qualifying IRA.
What is unique for Regal Assets is that they offer guaranteed shipping in under 7 days (the fastest in the industry).
And in case they would miss the 7 business day deadline for shipping metals, the company adds a free 1 oz. silver American Eagle coin to the client’s order.
Reasons To Choose Regal As Your Alternative Assets Company
Here are some reasons why we recommend choosing Regal as your alternative assets company:
- Official member of the Forbes Finance Council
- 99.9% client satisfaction rating
- Friendly and knowledgeable customer service (a no sales approach)
- Large selection of bullion and crypto products
- Flat fee model (not scaled)
- Annual fees waived for 1st year
- Offers a buy-back program
Regal Assets Gold Bars & Coins
- 1 kl Credit Suisse Gold Bar
- 10 oz Credit Suisse Gold Bar
- 1 oz Credit Suisse Gold Bar
- 50 gm Credit Suisse Gold Bar
- 20 gm Credit Suisse Gold Bar
- 10 gm Credit Suisse Gold Bar
- 5 gm Credit Suisse Gold Bar
- 2.5 gm Credit Suisse Gold Bar
- 1 gm Credit Suisse Gold Bar
- Gold American Eagle Coin
- Gold American Buffalo Coin
- Gold Britannia Coin
- Gold Chinese Panda Coin
- Gold Austrian Philharmonic Coin
- Gold South African Krugerrand Coin
- Gold Canadian Maple Leaf Coin
Silver, Platinum, And Palladium Bars & Coins
- 100 oz Silver Bar
- 10 oz Johnson Mathey Silver Bar
- 1 kl Silver Australian Kookaburra Coin
- 1 kl Silver Australian Koala Coin
- Silver American Eagle Coin
- Silver Austrian Philharmonic Coin
- Silver Canadian Maple Leaf Coin
- Silver Britannia Coin
- Platinum American Eagle Coin
- Platinum Australian Koala Coin
- Platinum Canadian Maple Leaf Coin
- 1 oz Credit Suisse Palladium Bar
- 10 oz Credit Suisse Palladium Bar
- Palladium Canadian Maple Leaf Coin
Regal Assets Cryptocurrencies
- Bitcoin
- Bitcoin Cash
- Bitcoin SV
- Aave
- Chainlink
- Civic
- Basic Attention Token (BAT)
- Cardano (ADA)
- Dogecoin
- EOS
- Dash
- Ethereum Classic
- And more.
5. Noble Gold Investments: Most Personalized Service
Making a name for yourself in the precious metals retirement investment sphere in just 5 years is not easy. And making a good name is that much harder.
Noble Gold Investments has done just that. Despite their relative freshness as a brand, they consistently pop up as one of the top gold IRA companies available.
Noble Gold, based in Pasadena, California, was established in 2017.
Just like the other precious metals companies in this article, they focus on shielding Americans’ retirement savings from any number of economic calamities.
The company has an A+ rating with the BBB and an AA rating with the BCA, as well as remarkable customer reviews, practically spotless despite being in business for only 5 years.
They also offer the lowest minimum IRA requirements in the sector, with $2,000 to open an IRA and a $5,000 rollover minimum.
Additionally, one of the stronger points of the company is the availability of IRA-eligible coins in numerous denominations.
Likely due to their focus on precious metals dealership, they are able to offer IRA-eligible bullion in denominations that you simply will not find with most other gold IRA companies.
Reasons To Choose Noble Gold As Your Precious Metals Company
Here are some reasons why we recommend choosing Noble Gold as your precious metals company:
- One of the lowest minimum IRA requirements in the sector, with $2,000 to open an IRA and a $5,000 rollover minimum
- Joined by a low and transparent annual custodial fee of $80 and an annual storage fee of $150
- Remarkable customer reviews and reputation, practically spotless despite being in business for only 5 years
- A+ rating with the BBB and AA rating with the BCA
Noble Gold Coins & Gold Bars
- American Eagle Gold Coin
- Canadian Gold Maple Leaf Coin
- Australian Gold Kangaroo Coin
- Australian Gold Philharmonic Coin
- Johnson Matthey 1 Kilo Gold Bar
- Perth Minth 10oz Gold Bar
- Pamp Suisse 100-Gram Gold Bar
- PAMP Suisse Lady Fortuna Gold Bar
- And more.
Noble Gold Silver Coins & Silver Bars
- 1oz American Silver Eagle Silver Coin
- 5oz America the Beautiful Silver Bullion Coin
- 1oz Canadian Maple Leaf Silver Coin
- Australian Silver Kangaroo Coin
- 1oz Austrian Silver Philharmonic Coin
- 1-kilo Australian Silver Coin
- 5oz Highland Mint Silver Bar
- 10oz Republic Metals Silver Bar
- 1oz Rand Refinery Silver Bar
- 100oz Republic Metals Silver Bar
- And more.
Noble Gold Fees And Investment Minimums
For more details, read the full Noble Gold Investments review.
Common Gold And Precious Metals IRA Questions & Answers
Even though you have come this far to look for the best gold IRA companies to open a gold IRA account with, you may still have questions.
To hopefully answer all of them, we have listed some common questions and answers about gold IRAs.
What Is A Gold IRA?
A gold IRA or precious metals IRA is a specialized, self-directed individual retirement account designed to hold physical gold and silver, and other metals.
Just like traditional IRAs, a gold IRA allows pre-tax contributions, meaning that the investment earnings can accumulate tax-deferred.
A gold IRA differs from a traditional IRA in the sense that it strictly holds physical gold, silver, or other precious metals.
In contrast to a gold IRA, a regular IRA typically holds paper assets such as stocks, bonds, ETFs, funds, and so forth.
2 Different Types Of Self-Directed Gold IRA
There are 2 types of gold IRAs available:
- Traditional-Based Gold IRA
With a traditional IRA, the contributions you make are tax-deductible (subject to income limitations).
When you start taking distributions from your gold IRA, the amounts withdrawn are taxable as ordinary income. And you can start taking distributions without penalty when you are age 59½.
Traditional IRAs may be good choices for those individuals who anticipate finding themselves in a lower tax bracket once they reach retirement.
That way, they can realize tax benefits from their contributions during higher-bracket working years and pay taxes at a lower rate on withdrawals once they retire.
Note that a traditional IRA – including a traditional gold IRA – comes with a required minimum distribution (RMD) mandate.
This means that you must begin taking annual distributions from your IRA starting at the age of 72.
- Roth-Based Gold IRA
In contrast to a traditional IRA, with a Roth gold IRA, the contributions you make are not tax-deductible.
This means there is no tax benefit generated from your account contributions that you will enjoy during your working years.
However, when you make withdrawals from your Roth IRA, you do not have to pay taxes on the distributions as you do with a traditional IRA.
Roth IRAs may be a prudent account choice for those individuals who believe the tax bracket they are in during their working years is lower than the one they’ll be in once they retire.
They will not receive a tax benefit from their contributions while they are still working, but they won’t pay taxes at all on their withdrawals during retirement when they are in a higher tax bracket.
Additionally, there is no required minimum distribution feature of a Roth IRA.
Something else to be aware of: As of 2022, your modified adjusted gross income must be less than $144,000 in order to contribute to a Roth IRA.
Please be aware that the guidelines presented here for both traditional and Roth IRAs are very broad.
Before choosing between a traditional and Roth IRA, you should consult with your tax advisor to ensure that you are making the best decision on behalf of your own particular tax profile.
Do I Need To Pay Taxes On My Gold IRA?
By investing in a gold IRA, you will diversify your retirement portfolio on a tax-deferred basis and maintain the tax preferential treatment.
For this reason, transferring or rolling over a portion of your existing IRA account into a gold IRA will not trigger any tax implications.
In other words, you do not have to pay taxes on your contributions until you withdraw them.
However, there are limitations on how much you can contribute to these accounts each year, but these limits can change year to year. Your gold IRA company will be updated on these rules.
What Are The Fees Associated With A Gold IRA?
A precious metals IRA or gold IRA often comes with higher fees than a traditional or Roth IRA that invests solely in paper assets. Typically, there are 3 sets of fees charged with a gold IRA:
1. Account Setup Fee
The one-time account setup fee is around $50 to $100.
Additionally, some companies waive this fee if the account size is big enough.
To give you two examples, Augusta Precious Metals has a promotion where they will reimburse up to 10 years of fees to your IRA in premium silver coins.
And Birch Gold Group waives all setup fees for new accounts over $50,000, plus shipping fees on all cash purchases of $10,000 and more.
2. Admin/Custodial Fee
Except for the setup fee, there is also an annual administrative or custodial fee, ranging from $80 to $150 depending on the account’s size.
3. Storage Fee
Lastly, storage fees are also charged by the depository ranging from $100 to $150 annually, depending on the amount of gold being stored. Plus, if you prefer segregated storage or non-segregated storage.
Should I Buy Gold Bars Or Gold Coins?
When purchasing gold for your gold IRA, you can choose between bullion bars and sovereign coins.
The IRS has established guidelines for metal “fineness” standards to determine whether gold or silver in the form of bullion bars or coins is acceptable for a gold IRA.
This means that the IRS only allows specific gold and silver coins and bars, such as:
- Gold or Silver American Eagles
- Gold or Silver American Eagles (Proof coins)
- Gold or Silver American Buffalos
- Gold or Silver Canadian Maple Leafs
- Gold or Silver Austrian Philharmonics
- Silver America the Beautiful Coins
- Gold or Silver Bullion Bars
- American Silver Eagles
- And more.
No matter what bullion or coins you choose, a reliable gold IRA company knows what is and what is not acceptable for a gold IRA.
While both are essentially valued in the same way—per ounce based on the spot price of gold, coins may be easier to trade and tend to sell at higher premiums than bullion bars.
Besides, the markups are often higher on small bullion bars. And large bars might be more suited for institutional investors.
All the gold IRA companies (listed above) offer favorable buy-back programs for both coins and bullion.
How Do I Fund My Gold IRA?
Opening a gold IRA is great, but having it funded with an existing plan is even better.
All gold IRA companies listed in this article assist with performing rollovers of various kinds, including:
- Full or partial rollover of a 401(k) or similar retirement account
- Full or partial rollover of a 401(k) or similar inactive retirement account
- Rollovers of less common plans and accounts, such as SIMPLE or SEP IRA
When working with any of these gold IRA companies, rollovers are not as troubling as they may seem.
The rollover is handled by a specialist on behalf of the custodian company, as well as any administration that the gold IRA company may employ.
Also, the new gold IRA can be funded by several IRAs or receive only part of the funds that would go into another IRA.
Can I Rollover My 401(k) Into Gold?
Yes. Many people who choose to invest in a gold IRA are using funds they acquired while using a traditional IRA or company-managed 401(k).
Plus, retirees can also make the switch to gold with accounts they take with them upon leaving the workforce.
In addition, many choose to roll over just a portion of their IRA or 401(k) to a gold IRA as a way to diversify their nest egg, which should always be the way to go.
Learn more in HowToInvestGold’s ultimate gold IRA guide.
Where Should I Store The Gold In My IRA?
IRS regulation has mandated that the bullion in your IRA rests with a certified depository, an entity separate from the custodian who will manage your daily paperwork.
Needless to say, you cannot keep your IRA gold in a home safe, safety deposit box, or under the mattress.
Most gold IRA companies partner with different custodians that are carefully vetted and will make sure your metals are stored safely.
But if none of them are what you find suitable, you can introduce a depository of your own to the mix, provided it is compliant with regulations.
For example, Brink’s, the Delaware Depository, and IDS are fairly similar. While only IDS among the three offers segregated storage, all three have a similar set of bonuses:
- A standalone facility where the bullion is processed
- Both the facility and its vaults are managed using the best technology available to the depository
- They have security measures like high-defense vaults and electronic systems
- Adding to that, their assets are insured with a multi-fold policy
Generally, the company handles transportation logistics as well as insurance coverage.
Note: It is up to you to confirm that any company you invest with has all the required licenses, registrations, insurance, and bonds to protect your investment. So, ask for verification of those licenses and other information.
When Can I Take Distributions?
If you are at the qualified age to start getting disbursements from your account (usually 59 ½ ), you can choose to take funds in cash value. Or you can have the actual metals shipped to you directly.
But be aware that you will be taxed accordingly and be responsible for any liability to the IRS for early withdrawals.
Your best option is to treat a gold IRA as a long-term investment for retirement and hold it to maturity. Also, you will then have to start taking payments at 70 ½.
How To Start A Gold IRA
To begin the process of opening a gold IRA is simple, especially when you partner with precious metals experts who know the ins and outs of this type of IRA.
Here are the 3 easy steps when opening a gold IRA:
Step 1: Create your new IRA with your choice of precious metals IRA’s preferred self-directed IRA custodian.
Step 2: Fund your account with dollars from your existing retirement account.
Step 3: Buy gold, silver, or other precious metals. You simply choose your metals and order from your gold IRA company’s order desk and they will send it to their preferred storage facility that meets IRS requirements.
How To Manage The Precious Metals In Your Account?
After the account is open and funded, getting started can feel a bit prohibitive. Even the die-hard gold investor might find some disagreements over the coin denomination to invest in.
Those with less intent can succumb to external factors more easily, and in finance, these are always within arm’s reach.
All precious metals fulfill the same purpose in your account relative to other assets.
More than likely, they are a form of hedge and were bought with safety in mind. But relative to each other, precious metals can have very varied utility.
Reasons for wanting your gold IRA to include:
Gold
- The most defensive of the four and the safest pick. Gold has the least volatility to the downside, therefore often lacking explosive price action. It behaves remarkably in any crisis scenario, even when the setting is unprecedented.
- The industrial aspect is present but limited. Though gold has plenty of utility and uses in manufacturing in a range of industries, it is mostly viewed as an investment metal. Even those buying gold jewelry often think about its pricing in weight down the line.
- The widest range of investment options, in an IRA and outside it, and the most represented of the precious metals. Collectors and IRA investors alike will be strapped for choice when picking items from the inventory.
Silver
- On the precious metals scene, oftentimes gold’s opposite. It is always both a safety play and a defensive one, as the metal never leaves this role on a broader scale. But within the precious metals spectrum, silver behaves differently from gold despite following its price.
- Those who buy silver do not do it because it is cheaper than gold, as the saying goes, but because of its specific range of benefits. The metal has a huge manufacturing side, with green technology growing more popular. Any significant impacts in demand from the manufacturing sector would greatly benefit silver’s price.
- A similarly varied range of investment options to gold, including many new and old coin varieties that can either be held in an IRA or outside it. Gold and silver both have a very pronounced sector of coin enthusiasts compared to the other two precious metals.
Platinum And Palladium
- Within the context of precious metals, these could be considered industrial metals. They are every bit as volatile as silver but for different reasons. Palladium’s valuations exceed gold’s these days. Meanwhile, platinum, historically gold’s equal in price, sits around roughly half it.
- Both platinum and palladium have a strained mine supply. Not a lot is being mined, and mining is highly localized. In palladium’s case, for example, nearly 40% of annual production comes from one country. This has contributed to the metal soaring to new all-time highs. Despite a dearth of supply, technologies making use of both platinum and palladium are on the rise.
- One might think that platinum and palladium will have few investment options, but that is not the case. Besides a range of bars, plenty of investors are interested in sovereign coins made from either platinum or palladium.
Gold IRA Companies – Which One Is The Best For Precious Metal IRAs?
When it comes to your retirement, a gold IRA can help you diversify, protect, and grow your retirement savings account, as well as help you hedge against a weaker dollar and inflation.
Even though your current investment situation and future goals are all unique, each of these gold investment companies has the expertise and knowledge to help you achieve the retirement of your dreams.
*Stina is a writer and affiliate of HowToInvestGold.com. Contributor’s opinions are their own and the Minority Mindset is not affiliated with or represented by the ideas, companies, or writers listed in this article. Always do your own due diligence before investing. This article is provided by an advertiser and not necessarily written by a financial advisor. Investors should do their own research on products and services and contact a financial advisor before opening accounts or moving money. Individual results will vary. Foreign companies and investment opportunities may not provide the same safeguards as U.S. companies. Before engaging with a company, research the laws and the regulations around that service, and make certain the company is in compliance. For comprehensive guidance on U.S. investments and financial regulations, visit the Securities and Exchange Commission (SEC)’s Investor.gov.