Home Your Guide To Picking The Best Gold IRA Company

Your Guide To Picking The Best Gold IRA Company

In this section of GoldWiki you’ll find company reviews along with advice on how to pick the best Gold IRA company.

Rolling over your 401(K) or IRA to a Gold or Silver IRA

If you’ve come this far you’ve probably already decided to rollover your 401(K) or current individual retirement account to a Gold or Silver IRA — And if you haven’t had a chance we recommend that you read our guides on investing in gold (part 1 and part 2).

So far, so good. You’ve made a decision. The challenging part is to find the best company to work with.

GoldWiki.org is maintained by a group of enthusiastic gold experts that are specialized in the precious metals market. We’ve reviewed the top leading companies that offer Gold IRA services to make sure you’re not wasting your time or money when investing in gold (or other precious metals.).

Each company is rated and reviewed by analyzing 7 different variables resulting in an overall score from 1-5. These variables are  TrustLink Rating,BBB rating, BCA rating  IRA Cost & Fees, Customer Service, IRA Transfer Process & Total number of customer complaints.  Click here to see The Best Gold IRA Companies.

What You Should Be Looking For

IRA Pricing & Fees

The biggest difference in pricing and fees will be if the Gold IRA Company charges a flat or scaled fee. Take a look at this table to understand what happens if you’re maintaining an IRA account with a scaled account fee (Assuming 0.1% account fee).

Investment Amount Flat Annual Fees Scaled Account (*0.1%)
$250,000 $250 $250
$500,000 $250 $500
$1,000,000 $250 $1000
$10,000,000 $250 $10,000

 If you’re on a scaled account fee you’ll end up paying 2x to 40x more VS an account with a flat fee. Even if you’re thinking about investing less than $250,000 today your account value will naturally grow due to inflation and appreciation on precious metals.

Unfortunately most of the Gold IRA companies have a scaling administration fee schedule which can cost you more as the account value increases. Our advice: Pick a Gold IRA company with a flat annual fee.

Coins vs Bullion (and what type of precious metals you’re investing in)

Watch out for any Gold IRA company that is pushing for one specific type of metal (they most likely make higher profit margins on them).  These companies have negative reviews on TrustLink, BBB or BCA — so make sure you read our reviews and pick one of the recommended companies from our Top 10 list.

You’ll also need to make sure that you’re purchasing precious metals that are acceptable for IRAs and choose the custodian that can offer the best secure storage to protect your assets. Our advice: Pick a Gold IRA company that offer the type of precious metal you are interested in, not the one they’re pushing for.

BBB & BCA rating
Pick a company a strong BBB & BCA rating (Preferably with “A+” BBB rating and “AAA” BCA rating.)

Better Business Bureau rating
For more than 100 years, BBB has helped consumers find businesses they can trust. Companies are graded from A+ to F through 16 different variables such as “time in business”, “competence”, “complaints” and “background information”.

Business Consumer Alliance rating
Through a sophisticated algorithm that evaluates several different aspects of businesses, BCA is able to assign letter grades, ranging from AAA to F which assists the public in identifying reputable or disreputable companies. The Business Consumer Alliance, Inc. is a non-profit organization founded in 1936. The Business Consumer Alliance provides free services to consumers to learn everything they need to know about a business before engaging with them. The purpose of BCA is to promote business self-regulation.

Our advice: Pick a Gold IRA company with a 5 star TrustLink rating, A+ BBB rating, AAA BCA rating and as few complaints as possible (zero if possible).

Agressive sales tactics

A common complaint with TrustLink, BBB and BCA are from people feeling like they were taken by aggressive and fast-talking sales reps hungry for their commission. There’s also been reports of sales reps calling and pushing clients to make decisions as fast as possible. Our advice: Pick a Gold IRA company with friendly sales reps and great customer service.

Rated #1 by GoldWiki

GoldWiki recommends Regal Assets  (Ranked #1 with a 5.0/5 overall rating) because of their excellent customer service, a wide variety of financial services, low fees, A+ BBB rating and 470+ positive customer reviews on impartial 3rd party websites. Read the full review here.

We advise that you do your own research, read our reviews, visit the different IRA companies websites to learn more their services.