Who Is The Best Precious Metals Company Goldco Or Regal Assets
Hi, I'm Steven Hernandez I have written this Gold Company Comparison To give you some true insight to help you decide which company works best for you.
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Best Precious Metals Company Goldco Or Regal Assets
The appeal of gold, a solid, stable asset that naturally keeps increasing in value during political disruptions, falling stock markets, and inflation, is worth attention. With such allure, it's not astonishing that investors who want to diversify their IRA - Individual Retirement Accounts beyond stocks, bonds, and mutual funds want a stake in gold.
Precious metals companies have been in the business of buying, selling, and storing silver, gold, and platinum for centuries. Some gold firms are better known, but who is the best precious metals company?
In this piece, I will give you the details of gold IRA - gold Individual Retirement Accounts to help you in your gold bullion transaction from the point of information. I will tell you the best gold IRA companies to deal with and what makes them stand out.
We'll look into two leading companies - Goldco and Regal Assets. Both companies have a long successful history, and they offer investors a variety of precious metals products and services. Suppose you are on the search for the right place to invest in gold or silver; these two firms should be at the top of your list.
Before then, let's dive deep into the basics of gold IRA
What is Gold IRA - Individual Retirement Account?
As a beginner, you cannot store physical gold in a regular IRA account. You can only do so in a different, particular account called self-directed gold IRA account.
Also known as precious metal IRA, gold IRA funds operate more like standard individual retirement accounts; the exact distribution rules and contribution limit applies.
However, rather than holding paper assets like stocks or bonds, a precious metal IRA account has physical bullion, which includes gold coins and other authorized precious metals such as silver, platinum, and palladium.
Precious metal IRAs can also hold gold shares (stocks of gold production or mining companies), gold mutual reserves investing in stocks or bullion, and ETF - exchange-traded funds that track gold indexes
How to Invest in Precious Metals
The first step to possessing physical gold in a precious metal account is to choose a gold IRA company or precious metals dealer to help you create an SDIRA - self-directed IRA with a particular custodian. Your precious metals dealer can assist you in choosing a creditable custodian with a storage facility. They will also act as liaisons to help you manage and understand the details.
The custodian is usually a financial institution experienced in gold IRAs. Your gold IRA company will buy the actual IRS-approved gold for your IRA account and also help you convey it to a proper gold IRA depository.
A gold IRA company's principal function is to stimulate setting up your gold IRA account, purchasing the gold coins, and storing them properly.
Between Goldco and Regal Assets, Which is Better?
First, an excellent precious metal IRA company will only associate with a reputable custodian. Besides, your chosen company must be able to assist you in selecting a depository.
Furthermore, the suitable gold IRA company will only operate with trustworthy and thoroughly vetted third-party storage companies or secured depositories.
Some companies work with numerous depositories located in various parts of the country. Most times, the gold IRA company will usually take care of insurance coverage and transportation logistics.
There are many gold IRA companies in town. However, some are not worth your attention. Therefore, you should conduct a background check before investing in any gold IRA company. Choosing a suitable option can be daunting, so I have done that so you don't have to worry.
Remember that a gold IRA is an investment and a way of securing your hard-earned money and future, so you have to be sure you're dealing with the right precious metal company.
After spending hours researching, I concluded on 2 of the industry best; therefore, come with me as I compare those two options while also helping you discover the best gold IRA investment company.
Goldco Precious Metals - Best Gold Choice
Established in 2006 and based in California, United States, Goldco is a gold and silver bullion dealer that helps thousands of customers to diversify, safeguard, and scale their funds with silver, gold, and other like platinum and palladium.
With headquarters in Calabasas, California, and quoted as the 3rd fastest growing financial company in the US in 2015 by the Inc. Magazine.
On the other hand, the Los Angeles Business Journal awarded it the 17th fastest growing company in Los Angeles. Goldco has an A+ rating by the Better Business Bureau.
As a beginner, you're qualified for a traditional IRA from seventy and half years old. Goldco offers silver and gold IRAs so that you can open an account or two for both.
Furthermore, Goldco works with Equity Trust Company as its chosen IRA custodian. As an investor, you can purchase silver or gold with Goldco's non-IRA precious metal service regardless of age or income.
After buying your metals, you can choose to have Goldco deliver them to your doorstep or keep them at a secure value with them.
As a new Goldco customer, they can waive all your fees for the first year if you create a gold IRA account with a minimum of $50,000.
Basically, this implies you can save up to $320 if you create an IRA account worth $50,000 and above. It also means that you can get up to $2,500 of free precious metals depending on what you buy.
If you want cash for your precious metals, Goldco can repurchase them from you. The benefit of this buy-back program is that it lets you sell your gold, silver, palladium, or platinum coins at a higher price.
However, it is not mandatory to sell your precious metals to Goldco; it's just that you will save your time and unnecessary headaches.
Goldco offers guides on its official website. The notion is to provide enough information about gold IRAs to would-be investors. The educational information includes downloadable eBooks and a 12-page gold IRA investment roadmap.
There are videos covering retirement threats, currency fluctuation, stock market crashes, etc.
However, the live price trackers for silver, gold, palladium, and platinum help keep up with the prices of various metals and what's happening in the precious metals market.
Goldco investment requires a minimum of $25,000 for precious metal IRAs, a minimum o $3,500 for non-IRA transactions, and an $80 fee for your entire trades yearly.
Goldco services also include white glove customer service and IRA and 401(k) rollovers.
Regal Assets - Best Alternative IRA Assets
Established in 2009, Regal Assets has been operating for over 10 years, attracting the publications of Forbes, Inc. 500, and celebrities like Laura Ingraham. Even though Regal Assets began with a gold IRA business, it has extended its tentacles to cryptocurrency known as Regal Wallet.
Regal Assets offers a collection of outstanding qualities that gold IRA investors would love to see.
You're required to store your precious metal with an IRS-accredited depository, and Regal Assets works with the best vault services.
Through their strategic collaboration with Brinks – a highly respected top security storage outfit – you can store your precious metals and gold IRA in over 100 values worldwide.
They choose to have them in segregated vaults because these vaults let you store your precious metal bars and coins separately. Of course, these vaults are insured for your account's value based on standard practice with any gold IRA.
As a newbie to precious metals IRA investment, you can ask for a free gold IRA handbook to help you learn the procedures. The kit includes a copy of a special edition of Forbes Magazine that features Regal Assets and a Federal Reserve paper clarifying the dynamics of the gold IRAs. With all that information, you can master investment in precious metals.
If you already have an IRA, TSP - Thrift Savings Plan, 403b, 401k, and SEP - Simplified Employee Pension, with Regal Assets, you can roll over into a gold IRA. While the rollover procedure is complex, Regal Assets will always see you through it.
Regal Assets can even undertake to do it on your behalf instead of your present IRA custodian.
If you're in dire need of cash, Regal Assets promises to help you turn your precious metals into cash in 7 business days. That's fast enough compared to the industry average of about 30 days.
Regal Assets provides top-notch customer service and never disappoints.
Above all, they're a reputable company, an Inc. 500 company, and a member of the Forbes Finance Council.
How We Rate The Right Gold IRA Company Between Goldco and Regal Assets.
Though you may find many other gold IRA companies, these have the market experience, outstanding reputations, and customer reviews showcasing excellent service. I looked at some factors before arriving at a better gold IRA company to invest. The factors are:
They have a reputation and endorsements from big names in finance and celebrities; they also have thousands of 5-star ratings by regular people.
Whether you sign up on their website or through a phone call, these gold IRA companies ensure a seamless setup process, with experts always guiding you through the process.
Costs and fees may be a challenge in gold IRA investment. These precious metal companies are very transparent, with nothing to hide. They are open with commissions, setup fees, storage fees, and maintenance fees.
These firms offer various IRS - Approved Precious Metals
Conclusively, looking at these two precious metal companies, both of them are wonderfully great, with an average of 4.9-star ratings from customers and the general public, but the better one is Goldco. However, I leave you to make your own choice.
If You are still a little confused now would be the best time to compare 3 more top companies I researched alongside Goldco and Regal Assets.
Steven Hernandez
About the Author
Steven Hernandez. Is a writer and researcher at Oatman gold. Steven has been Writing and researching topics within the Gold precious metals investment niche for over 5 years delivering quality content for our readers.