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Goldco is, no doubt, the most preferred gold IRA company out there currently. However, we strongly believe in giving our readers the freedom to make choices after exploring the different options available out there.
This guide discusses the various Goldco alternatives that one can consider if, for some reason, Goldco fails to meet the cut.
American Hartford
American Hartford Gold specializes in helping clients diversify their investment portfolios by offering gold, silver, and platinum products for direct delivery or within retirement accounts.
Birch Gold Group
Birch Gold Group is a reputable precious metals dealer that helps individuals protect and diversify their wealth by offering gold, silver, platinum, and palladium products, including precious metals IRAs.
Augusta Precious Metals
Augusta Precious Metals is a reputable precious metals dealer specializing in gold and silver IRAs, offering secure investment options and expert guidance to help clients diversify and protect their retirement portfolios.
Noble Gold
Noble Gold is a provider of precious metal investment services, offering gold and silver IRAs to help individuals safeguard and diversify their retirement savings with expert advice and secure storage solutions.
Top 4 Best Alternatives To Goldco in 2024
In summary, the following are the companies that are often considered as substitutes for Goldco in the precious metal IRA space.
1. American Hartford Gold
American Hartford Gold is a good replacement for Goldco especially if you’re looking for a company that allows you to start with a small cap account. The minimum amount needed to start an account here is $5,000 which is significantly below Goldco’s $25,000.
Besides that, American Hartford Gold is known to offer a diverse selection of precious metals ranging from gold, silver, to palladium, and platinum. Some of the popular products on their menu include American Eagle, Canadian Buffalo, and Saint Helena Sovereign Gold among others.
Just like GoldCo, this company supports IRA rollovers. An application fee of $230 is charged along with a $200 annual fee that is meant specifically for custodial services as well as insurance services. That said, if you’re an investor with a large sum of money you can have some of those fees waived.
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2. Birch Gold Group
This is yet another top company worth considering especially if you’re looking to diversify your retirement portfolio. Founded in 2003 in California, this company has over two decades of experience and a solid reputation to boot.
One thing we like about them compared to Goldco is that they allow for a minimum IRA investment of $10,000. While that might still seem high for most first-time investors, it really falls within the industry average – and that is a good thing at least for most people.
To set up an account here you will need to part with a $50 initial set up fee. That’s alongside an extra $200 worth of charges (charged per year) for account maintenance, storage fees, and custodian management services.
It is worth noting that this company charges flat rates and this tends to favor investors with large-sized accounts.
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3. Augusta Precious Metals
Augusta Precious Metals is a reputable company specializing in the sale of precious metals and gold IRAs. Established with a strong commitment to customer service, Augusta offers a secure and straightforward process for investing in gold and silver.
The company provides a wide range of IRS-approved precious metal coins and bullion to cater to various investment needs. Their team of knowledgeable experts guides clients through every step, ensuring a seamless experience from portfolio diversification to retirement planning.
Augusta Precious Metals stands out for its educational resources, transparent pricing, and lack of commission-based sales tactics. Investors can appreciate the peace of mind that comes from Augusta's emphasis on security, with insured and secured storage options.
Overall, the firm's dedication to integrity and customer education makes it a solid alternative for those considering Goldco and similar investment avenues.
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4. Noble Gold
Noble Gold is a reputable precious metals investment firm offering a variety of products and services for individuals seeking to diversify their portfolios with tangible assets. Established with the goal to provide clients with secure and simplified investing in gold, silver, platinum, and palladium, Noble Gold prioritizes customer education and transparency.
The firm's experienced team guides customers through the process of setting up their own precious metals IRAs, ensuring compliance with IRS regulations while optimizing for minimum risks.
Additionally, Noble Gold offers direct sales of physical coins and bars, which are securely shipped to clients or stored in insured, high-security depositories.
With a strong commitment to customer service, ethical practices, and a robust portfolio of educational resources, Noble Gold stands out as a reliable Goldco alternative for those looking to invest in precious metals.
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What Factors Should You Consider When Choosing an IRA Company?
Choosing the ideal IRA company can be complicated especially in a sea full of firms offering competitive deals. However, before you settle for any company, make sure you stick to the following as your bare minimum requirements:
- Large number of positive reviews
- Iron-clad buy-back program
- The existence of an investor education guide
- Uncompromising, trained customer support
- Competitive fees & reasonable terms
As usual, before you make any major financial decision, it is always advisable to talk to a licensed financial advisor.
Conclusion
GoldCo is considered as the go-to precious metals IRA firm for most people. However, some of their terms may not work for some – especially their $25,000 minimum account deposit requirement.
For that reason, it makes a lot of sense to consider working with the alternatives some of which include American Hartford Gold, Birch Gold Group, Augusta Precious Metals, and Noble Gold among others.
Remember, choosing the right IRA company is important for your long-term financial wellbeing and stability.
