In the current financial climate, finding a safe space to invest your money can be challenging. Traditional investing methods may not always be the best option, especially for millennials and Gen Z-ers who are just starting to think about retirement.
Fortunately, there are ways to invest in assets that will help you save for the future and offer a lucrative return on investment. The use of a Gold IRA is one such alternative investment strategy.
With an Individual Retirement Account (IRA) as your vehicle, you can now invest in precious metals like gold and store it directly with a custodian – referred to as a Gold IRA company.
What Is a Gold IRA?
An Individual Retirement Account (IRA) is a tax-advantaged retirement savings account that allows you to invest money on a pre-tax basis and withdraw it later tax-free. While there are several types of IRAs, including Traditional IRAs, Roth IRAs, and SEP IRAs, the Gold IRA is the specific type of IRA that allows you to invest in physical gold and store it with a custodian.
Here are our top 5 picks of the best Gold IRA companies in 2022:
Headquartered in New York City, Goldco is one of the leading Gold IRA companies in the country. Their team of experts has access to over $2 billion worth of gold in various forms, including bars and coins, and they offer a secure storage service that you can access from any computer or mobile device.
The Gold team is dedicated to providing a seamless and easy-to-use experience for all their customers. Whether you’re new to investing or a seasoned pro, you’re sure to find Goldco to be among the best Gold IRA companies for you.
2. Oxford Gold Group
Oxford Gold Group is an established Gold IRA company based in Florida with branch locations in Miami, Tampa Bay, and Orlando.
They are a full-service brokerage firm specializing in precious metals such as gold, silver, palladium, and platinum, including alternative investment strategies.
3. American Hartford Group
American Hartford Group is another top Gold IRA company. Founded in 2010, they specialize in precious metals, including gold, silver, platinum, and palladium, as well as alternative investment strategies, such as diamonds and gemstones.
American Hartford offers both Traditional IRAs and Roth IRAs, making them a great all-around company for those looking to open a Gold IRA. Additionally, they provide the option of fully insured gold and silver storage.
4. Birch Gold Group
Birch Gold Group is another great option for those looking to open a Gold IRA. It is a full-service brokerage firm based in Connecticut specializing in precious metals and alternative investment strategies. What we love about Birch Gold Group is that it offers competitive rates, various investment options, and flexible terms.
5. Augusta Precious Metals
Augusta Precious Metals is the last company on our list of the best Gold IRA companies.
Established in 2017, Augusta Precious Metals is one of the newest Gold IRA companies on the market. They are a full-service brokerage firm based in New York that specializes in gold coins, bars, certificates, and other precious metals.
The Bottom Line
Opening a Gold IRA is one of the best ways to prepare for retirement. It allows you to diversify your investment portfolio and provides the potential for a greater return on investment than a Traditional IRA or Roth IRA.
Additionally, you can use a Gold IRA to protect your savings from the effects of inflation by investing in a tangible asset that has historically retained its value. You’re sure to find the perfect fit with our list of the top five Gold IRA companies.