Gold Retired

How to Transfer IRA to Gold | Easy Steps You Can Follow!

by Leave a Comment

How to Transfer IRA to Gold

Interested in learning how to transfer IRA to gold? This post will take you through all you need to know even as a beginner who has no idea about what investing in gold entails. All you need to do is read on till the end of this article and you will be good to go. Let’s dive into it right away:

Introduction

Thinking about your retirement years will most likely lead to you figuring out the best ways to invest, in a bid to ensure that you are free from financial stress and struggles when that time comes. If anything, the retirement years are meant to be spent enjoying the fruits of all the hard labor that went into earning the money and building wealth. 

By now, you probably know about different types of IRAs, and what they are used for investing in. Different accounts have different rules, and as you will learn when you are getting started with investing in gold, you cannot use your regular IRA to invest in this shiny metal.

This means that if you have some funds in your existing individual retirement account (IRA), you cannot use them to directly invest in physical gold. If you are in such a situation, there are only two ways in which you can gain exposure to gold, including:

  • Transferring your IRA funds to gold investments 
  • Purchasing gold paper assets e.g. gold mining stocks, gold futures, gold ETFs, and mutual funds that have gold stocks in them.

This article will only focus only on how you can transfer your IRA to gold, so read on to find out more about it.

>>>How Much Does it Cost to Start a Gold IRA? What To Expect

What is a Gold IRA transfer?Gold Retired

A gold  IRA transfer refers to the process of moving funds from one type of individual retirement account to a special IRA referred to as a gold IRA, simply by having the custodians of the two accounts liaise with each other about the movement of the money. Simply put, the movement of the money happens between the two custodians, without you coming into contact with the money at any phase of the process. 

This is different from a gold IRA rollover, in that with a gold IRA rollover, you have to request the custodian of your existing IRA to send or remit to you the funds in your account so that you can deposit them into the gold IRA that you will create. 

N.B: A gold IRA is a type of self-directed individual account that allows you as the account holder to invest in precious metals ( gold, silver, platinum, palladium), and other alternative assets that are otherwise prohibited for use for investment in regular IRAs. 

>>>Retirement Planning (Gold IRA) | What You Need To Know!

How to transfer your IRA to Gold: The Steps You Should Follow

1. Open a new gold IRA

The first step in the process is in opening a new gold IRA. In this step, you are required to search for the most reliable gold IRA custodian (or gold IRA company). Most gold IRA custodians have a well-defined and simple application process that involves filling out some online forms by providing some details about yourself.

If at any point, you feel that you do not have what it takes to complete the account opening process, then you should check if a phone number is provided on the custodian’s official website, so that you can contact them and request help. 

2. Initiate a gold IRA transfer 

A typical gold IRA transfer involves supplying the custodian of your existing IRA (Traditional IRA, Gold IRA, or SEP-IRA) with the information pertaining to your new gold IRA. After supplying the existing IRA’s custodian with basic information about your account and the amount you want to be transferred, they will proceed to contact your gold IRA custodian, for them to complete the transfer. 

The good thing about such a transfer is that you will not be taxed or penalized since the IRA custodians will play their part to ensure that the process is completed within 60 days. 

3. Search for a precious metal dealer 

Now that your gold IRA is funded, you can start thinking about how to source the gold that you will add to your account. It is necessary for you to exercise caution at this phase of the process since you can either end up with fake gold or end up losing your money to scammers. Your gold IRA custodian may provide you with a list of precious metal dealers for you to pick the one you find most reliable to you. 

Take your time to evaluate each precious metal dealer you short-list for consideration and visit as many consumer trust sites (Better Business Bureau, Business Consumer Alliance, Yelp, Trustpilot, Facebook reviews, etc) to see what other customers are saying about the nature of services offered. 

4. Storage of the precious metals depository

When it comes to investing in gold through an IRA, the IRS does not allow you to store the gold at your home safe or a local depository. All the gold must be stored in an IRS-approved third-party depository that has been established to not only be safe enough but that is also insured by a well-known insurance firm such as Lloyds of London.

Your gold IRA custodian may let you choose your preferred IRS-approved depository, but others may only offer a limited list of the depositories you can choose from. Either way, you should do your research to find out whether the depository you choose has an exemplary track record of performance.

>>>Gold IRA Storage Fees | Comparison & Info on Top Companies

5. Buying the gold and holding it

After choosing your preferred third-party depository, you can proceed to buy the gold. This is a simple step, but you will need to establish which type of gold you are purchasing, and why you are purchasing it. You can start by educating yourself about investing in gold through an IRA, and use the educational resources offered by your gold IRA custodian on their official website. Most gold IRA custodians are willing to educate you through:

  • One-on-one consultation calls (these may be free)
  • Webinars 
  • Gold IRA kits (delivered to your home for free)
  • A detailed Frequently Asked Questions section 
  • Blog posts 
  • Videos 

Frequently Asked Questions on “Transfer IRA to Gold”faq

1. How long does it take to transfer your IRA funds to gold?

The duration of the gold IRA transfer process varies from one gold IRA custodian to the next one. If you work with a reliable company, you will be better placed to have everything set up and ready to roll within a few days. Other companies may take up to a month, depending on how their processes are structured. If you come across that takes longer than a month, then you should probably cross it off your list right away. 

2. Is there a limit to the quantity of gold I can hold in a gold IRA?

No. You can hold as much gold as you want to, provided that it is all IRA-approved gold. Note that there are annual contribution limits for gold IRAs, so the quantity of gold you can hold in your account is most likely limited to the total amount of funds you transfer from your other IRA, plus the total gold IRA contributions you make from the time you open your account to the time you start taking distributions. 

3. Who is eligible for a gold IRA transfer?

In most cases, if you already have an existing IRA (Traditional IRA, SEP IRA, and Roth IRA), you can easily open a gold IRA and begin gaining exposure to the price movements of this metal. You should, however, consult with the gold IRA experts in your preferred gold IRA custodian company on your eligibility. You can do this by contacting them and requesting to know whether your existing IRA qualifies for a gold IRA transfer. 

4. Is a gold IRA transfer necessary for me?

Depends. Investing in gold has its upsides and downsides, just as is the case with other precious metals. You can choose to tap into the main benefits of gold, such as protection from inflation, diversification, and growth, by allocating a portion of your retirement funds to your gold IRA. You will come across many opinion posts about investing in gold, but my advice would be that you take the time to do sufficient research and that you do not let anyone rush you into making a decision about doing a gold IRA transfer. 

That will be all for today’s post on how to transfer IRA to gold. I hope you found this post informative, and if you did, let me know by leaving a comment in the section below. You can also share it with anyone in your circles who you know would benefit from such information. 

I wish you the best, 

Eric, Investor and Team Member at Gold Retired!

Converting a Roth IRA to Gold? Here Is How You Should Do It

by Leave a Comment

converting a Roth ira to gold?

What goes into converting a Roth ira to gold? Is the conversion worth considering? Today’s post will help you understand whether you can move the funds in your Roth IRA into a gold IRA, and what you should expect from doing so. Read on to find out more about this topic.

Introduction how to invest in gold in an IRA

A Roth IRA is one of the investment vehicles that present an investor with an opportunity to save and invest for their retirement years while taking advantage of the underlying tax benefits. With a Roth individual retirement account, one is required to pay taxes on their contributions upfront, or at the time they are depositing their funds into the IRA so that they do not have to pay taxes when taking their retirement distributions. 

Such an arrangement is quite beneficial, moreso in situations in which an investor can tell that the inflation rates will be higher in the future. A Roth IRA provides them with a tax shelter that helps them invest in particular assets, as they wait for their retirement years to come so that they can start taking withdrawals. 

Compared to a Roth IRA, a Traditional IRA is structured so that the investor is required to pay taxes on their retirement distributions, not on their contributions. Such an arrangement has its upsides and downsides, but one downside you should be aware of is that waiting until later to pay your taxes could significantly diminish the total amount you take home in the form of distributions, more so if the inflation rates increase consistently over the years. 

Roth IRA investors who are looking for extra ways to protect their retirement investment portfolios from inflation often end up converting their Roth IRA into Roth Gold IRAs.

>>>Gold Roth IRA Rules | Let´s go through them in a simple way

What is a Roth Gold IRA?Gold Retired

A Roth Gold IRA is a self-directed individual retirement account that allows an investor to hold physical gold in their account. Self-directed individual retirement accounts give investors more control over what they can invest in, by allowing them to go beyond the traditional paper assets to alternative assets such as precious metals, real estate products, cryptocurrencies, etc.

With a Roth Gold IRA, investors are mainly allowed to hold physical gold (and other IRA-approved precious metals), but they can also hold other alternative assets, provided that the Roth Gold IRA allows for it. 

The rules governing the operation of a Roth Gold IRA are similar to those of a Roth IRA, with the only difference being that the Roth Gold IRA presents an investor with more investment choices and opportunities.

>>>Am I Eligible For a Roth IRA? What The IRS Wants You To Know

How can I convert my Roth IRA to a Roth Gold IRA?Gold Retired

Roth IRA holders who are interested in expanding the scope of their investment choices can follow the steps outlined below to open and convert their retirement account to Roth Gold IRAs:

1. Find a reliable custodian

The first step lies in finding a reliable Roth Gold IRA custodian so that you can open an account with them. Your custodian should have a proven track record of performance as far as the oversight of IRAs and ensuring their compliance is concerned. 

>>Check out our list of recommended custodians here.

2. Contact your Roth IRA custodian and initiate a transfer of the funds 

Next, you need to contact your Roth IRA custodian and inform them that you need them to transfer some or all of your Roth IRA funds to the newly created Roth Gold IRA. Upon providing your Roth IRA custodian with information pertaining to the Roth Gold IRA, and the contact details of the Roth Gold IRA custodian, you can step aside and let the custodians process the transfer of the funds. Doing so will ensure that you are not taxed or penalized by the IRS during the process. 

3. Find a reliable precious metal dealer 

With a funded Roth Gold IRA in place, you can now begin looking for a suitable precious metal dealer from whom you will purchase the physical gold. There are many local precious metal dealers as well as online dealers, whom you can find by doing a quick search on the internet. Do not forget to read as many customer reviews as you can about the precious metal dealers, and only settle on the one that has the highest ratings and positive reviews. 

4. Select a preferred precious metal depository

The gold you purchase from your preferred precious metal dealer will need to be stored in a safe IRS-approved precious metal depository. You should, as such, figure out where your precious metals will be stored even before you purchase them. Your Roth Gold IRA custodian can help you by giving you a list of their preferred depositories, but even then, you should do your research to find out which depositories will be best for you in terms of safety and all underlying storage fees and costs. 

5. Purchase the gold

At this stage, everything is all good to go, and all you need is to sign the documents authorizing your Roth Gold IRA custodian to purchase the precious metals on your behalf. The gold will not be shipped to your home but will be shipped to the precious metal depository, where it will be safely stored. You can contact the staff at the depository to organize the viewing of your assets- most of them will welcome you with open arms to their facility.

>>>What is The Best Gold Coin to Buy For Investment Currently?

Why Gold? gold

This is a question that is becoming increasingly common over time, and for a good reason. There are investors on both sides of a heated debate about whether gold is a necessary addition to one’s retirement portfolio. Generally, as per the historical data on the trends of physical gold as an investment asset, it appears that this shiny metal has the following benefits:

  • It is a valuable addition to one’s portfolio during times of high inflation, or when inflation is expected to keep on rising (i.e. gold is a store of value). 
  • Those who invest in physical gold diversify their retirement investment accounts.
  • Investing in gold can contribute to the steady growth of one’s investment portfolio over time. 

Frequently asked questions on how to convert Roth IRA to Gold? faq

1. Why should I convert my Roth IRA to gold? 

There are many reasons why you can convert your Roth IRA to gold, including the fact that gold brings some protective elements to your portfolio. Physical gold has a negative correlation with paper assets and is thus an asset that is worth holding when a stock market crash is anticipated. 

2. Why do retirees prefer opening Roth Gold IRAs as part of their family estate?

Most retirees who intend to leave wealth that is not affected by inflation or taxation for their children or grandchildren often turn to a Roth Gold IRA. This account can be passed on to the next generation, and they can hold on to the assets in it without being required to take the required minimum distributions (RMDs). Retirees who convert their IRAs to Traditional Gold IRAs are required to start taking RMDs upon hitting 72 years, failure to which they are penalized an amount that is equivalent to 50% of the RMD. 

3. Is a Roth Gold IRA safe? 

Yes. This type of retirement investment account is safe and can be used by any investor who wishes to hold physical gold. The price fluctuations of gold are to be anticipated as always, but there is nothing about a Roth Gold IRA that makes it inherently unsafe. 

4. Can I invest in gold without converting my Roth IRA to gold?

Yes, you can. You can purchase gold mining stocks or other paper assets ( ETFs, futures and options, mutual funds) that enable you to gain some exposure to the price movements of gold. You should, however, establish the underlying pros and cons of the gold paper asset you choose to invest in, since most of them may not offer the protective elements that are otherwise offered by physical gold. 

Thank you for making it to the end of this post on what goes into converting a Roth IRA into gold. I hope you enjoyed it and you picked some insights that will guide you as you purchase some gold with your Roth IRA funds. Let me know if you have any questions pertaining to today’s topic. 

I wish you well, 

Eric, Investor and Team Member at Gold Retired!

What is Gold IRA, a Scam? | (goldira.com) CAUTION Red Flags

by Leave a Comment

In this article, we will review Gold IRA (goldira.com). It is a weird-looking website for a gold firm, at least in comparison to the hundreds of other gold firms we have reviewed during the years. What is Gold IRA, a scam or legit? Let´s look into this in this short review! 

Company: Gold IRAwhat is gold ira

Website: www.goldira.com

Owner: a “division” of The Midas Gold Group?

Price: N/A

Who is it for? Self-directed investors, retirees

Overall rating: 2 out of 5 stars (2 / 5)

Warning!

There are many scammers who will trick you into giving them your hard-earned cash. 

They employ high-pressure sales techniques like calling you every day. 

To avoid this, please do your own research before you decide what firm to invest with. 

You can do this by checking the reviews and ratings independent 3rd party consumer protection agencies give them.

To discover which investment firm consumers rate the highest… who won’t bother you with pushy sales calls… and who you can trust to protect and grow your wealth… then take a look at the #1 Recommended Gold & Silver IRA Dealer on our top-5 list.

With that being said, let´s continue with the review on Goldira.com!

What is the Gold IRA (goldira.com) website?

The website seems to be a platform that assists a client in opening a Gold Self-directed individual retirement account. On the website you can read that they (goldira.com) is a divison of the (a bit) more well-known firm Midas Gold Group.

is gold ira a scam

According to their website, the company’s account executives are positioned to help the client decide on the most agreeable option when deciding on a preferable investment that serves them best. The company also has a variable of options in that it accommodates most standard means of payment which include; IRA transfer, wire transfer, and checks.

Address: 11201 N Tatum Blvd Ste 300 Phoenix, AZ 85028-6039. United States

What products do they offer?

The Gold IRA company offers a self-directed IRA custodian, which offers IRA options in various precious metals, with gold being their most common. The company also focuses on other precious metal IRA retirement plans. Their services, competitive pricing, extensive product selection as well as a global delivery that is fully insured have afforded them an A+ rating in the Better Business Bureau. The company has earned its reputation as the go-to place for collectors and investors alike.

Investing with Gold IRA means you have a wide selection of precious metals to choose from any time you need to invest or purchase the various option in precious metals. The company has dedicated its services to ensure that clients gain the most from their investments.

Whenever you need to invest in gold, silver, titanium, or rhodium, the company offers professional advice all through the investment process. This aims at ensuring you are getting the best deal the trade has to offer.

How to get started (IRA)?

Getting started with Gold IRA is quite simple, given the company’s excellent customer service. You can start by going to their website (the Midas website) and looking through the various investment options available for you.

The website provides information concerning the available investment options as well as the requirements. There, a prospecting client can get the information regarding their offices which assists the process of further inquiry. The guide could be quite helpful for prospecting clients who are researching more secure investment opportunities.

This guide also provides various background information on the company. This includes; what they have been engaging in and how many years they have existed. Once you have ample information on the company, you are better placed to start a precious metal IRA investment with the company. This becomes possible as soon as you contact their company representatives for further information on how to make the step into precious metal investment.

**See our top-3 gold & silver IRA solutions instead

What IRA custodians do they work with?

My efforts to find out the IRA custodian the company deals with did not bear any fruits. Any person looking for this information would have to contact the company and find out from them as that information has not been availed to the public.

What are the fees?gold

The fees for the specific company have been tasking to find as the company name is based on a product name offered by all companies in the industry. This might be a veil intended to keep clients from acquiring the relevant information. For this reason, I ask individuals considering investing with this company first to ensure they have all the factors relating to their investment proven and confirmed. The choice of a company name is meant to give the institution some level of visibility, which brings the question of why a global company not associated with the investment model chooses a brand that denies them the relevant visibility? 

How good is their support?

The company has its number available on limited sites. Considering the brand name, it’s also difficult to find the relevant contact information related to the specific company. This makes it a task to acquire the correct email, directions, or phone numbers except through the Midas group channel, which is a lengthy process requiring dedication as well as time investment. For this reason, I am unable to judge the company’s support capabilities. 

Is Gold IRA (goldira.com) a Scam?

So, is goldira.com a scam? This is a hard question to answer conclusively since all the information I could find was either from the specific company’s channels or unrelated to the specific company. This can be attributed to the brand name, which eliminates any efforts to confirm reference to allegations made.

The brand name also makes difficult any effort to discover if they are your best alternative out there, and that leads us to what the most well-known and trusted independent consumer protection agencies have to say:

Midas gold group reviews, complaints & ratings:

BBB (Better Business Bureau)

Rating: 2.7 out of 5 stars (2.7 / 5) (for the parent company, the Midas Gold Group) click here for details (opens in new window)

Trustpilot

Rating: N/A

Yelp

Rating: N/A

What can we make out of these results?

The consumer protection agency that I normally put the most weight on for their ratings is Better Business Bureau. The reason for this is that the bureau has created a reputation in the art which compels me to consider their view.

However, the reviews available are for the Midas Gold Group, which has numerous complaints and minimal publicly available reviews, which confuses whether to believe the complaints or the reviews. The specific Gold IRA company reviews are hard to find due to the brand name similarity with the product name offered by numerous IRA-related companies.

Any complaints & red flags?

Personally, I think their website looks terrible to be honest, even worse is that there is very little info available there. When looking at the “about section” they state they are a division of Midas Gold Group… Guess that means it is the same company, so why have a separate website for the same thing? I don´t knos, if you have a good answer to that then please share it with us in the comment section below.

goldira.com reviews
This is how the website of Gold IRA (goldira.com) looks like

The accessible complaints are only tied to the Midas Gold Group. Being a global company that has been in business for over a decade, it is understandable to have complaints as the company handles huge numbers of clients. However, it is important to consider the situations under which the issues happened before choosing to work with a company. Mistakes are more understandable when you are not the victim, right?

Are there better alternatives?

Yes, in my opinion there are at least a handfull of firms I could name right away that I would go with instead of goldira.com and/or Midas Gold Group. We have listed all of them on this website and also collected them on a top-5 list, as well as written detailed reviews on each one of them.

**See our top-5 list of Gold & Silver Firms

Gold IRA PROs & CONs

The positive 

  • Numerous product options

The negative

  • Minimal operational information
  • There are some complaints to be found.
  • There is no actionable intelligence that can be tied to the specific company.

Do you own or represent this company?

Are you the owner, manager, or representative of Midas gold group? Would you be interested in clarifying any of the details we have provided above or adding more detailed information on the topics reviewed? Feel free to contact us. The quickest and easiest method to get in touch with us is to post a note in the comments section below or to send us an email at the following address: contact@goldretired.com.

Final words & Verdict

Verdict: Not recommended

Overall rating: 2 out of 5 stars (2 / 5)

Summary: The above report covers all the company’s information publicly availed. The Gold IRA is a company that offers Gold IRAs, among other precious metal IRAs. The company is a subsidiary of the Midas Gold group. This means that the Gold IRA is registered as an individual company under the control of the Midas Group. 

I did not find the IRA custodians they work with? There is no info about this on their website. I also did not find much information from sources related to the company. My overall judgment on the absence of information and the camouflage associated with the brand and lack of reviews is that it is not a company I personally would feel comfortable with. This opinion is open to scrutiny; however, I don’t see how the factors surrounding this specific company are aimed for your benefit. I advise prospecting clients to do thorough research before choosing this company as an investment option.   

So, a weak 2 out of 5 stars is my rating for now. My reason for an average score is due to the lack of critical information from just and reliable sources. Most of the information seems to relate to the group company. It would help to have information from a neutral point of view.

I hope you found this short review on Gold IRA (goldira.com) to be helpful and that you now have a better understanding on what it is and if it is a scam or not. If you have used any of their service then please share your experience in the comment section below as it can help others! Also, if you got any questions about this I would be more than happy to answer them below!

I wish you success!

Glanz, investor and team member at Gold Retired

What is California Numismatic Investments? A Legit Company?

by Leave a Comment

What is California Numismatic Investments? Which products and services does it offer? Who owns this company? Does it offer IRA services? Does it offer precious metal storage services? Welcome to today’s interesting review in which I will be taking you through all you need to know about this company before you can make a decision about whether to turn to it for the services that it offers. This review is information-packed and will offer insights on a couple of elements about California Numismatic Investments, so read on to find out more about this company. 

Name of the company: California Numismatic InvestmentsWhat is California Numismatic Investments?

Official Website URL: https://www.golddealer.com/

Overall Rating: 4 out of 5 stars (4 / 5)

Recommended: Yes (compare with other alternatives in the market though)

Warning!

There are many scammers who will trick you into giving them your hard-earned cash. 

They employ high-pressure sales techniques like calling you every day. 

To avoid this, please do your own research before you decide what firm to invest with. 

You can do this by checking the reviews and ratings independent 3rd party consumer protection agencies give them.

To discover which investment firm consumers rate the highest… who won’t bother you with pushy sales calls… and who you can trust to protect and grow your wealth… then take a look at the #1 Recommended Gold & Silver IRA Dealer on our top-5 list.

With that being said, let´s continue with the review on California Numismatic Investments!

 

Company Background Information 

California Numismatic Investments (also known as GoldDealer.com)  is a precious metal dealer that also doubles up as a Gold IRA company. It was founded in 1980 and has been serving its customers mainly through its headquarters located in Inglewood, California. 

This company offers its clients an impressive collection of IRA-eligible products, as well as a comprehensive inventory of rare coins that coin collectors can purchase. Customers can turn to this company if they want to purchase precious metal products including:

  • Gold
  • Silver
  • Palladium 
  • Platinum 
  • Rhodium 

The above products can be accessed in their coin or bar form. If you are just getting started with investing in precious metals, you can access the educational resources that California Numismatic Investments provides to customers who need to increase their knowledge on how to invest in precious metals, as well as the best precious metals to add to your portfolio for retirement. The company offers free resources such as:

  • Audio updates on gold news (daily)
  • Newsletter
  • Precious metal graphs 
  • Articles 

Who are the noteworthy figures in this company’s Management Team?

The current acting president of this company is Richard Schwary, who according to the information on their official website, is an alumnus of the California State University (1973). Richard has been working in the precious metal industry for over 40 years now, hence is well-versed with customers’ needs and expectations, and how to deliver on them. 

Ken Edwards is another well-recognized leader in this company. He is known for co-founding this company along with Richard Schwary. Ken has specialized in his role as a precious metal specialist. He has made appearances in media houses such as CNN, CNBC, and PBS, where he has given his insights about precious metals. 

Richard and Ken have gone to the lengths of registering California Numismatic Investments as a member of internationally recognized organizations such as:

Which services does California Numismatic Investments offer? 

Beyond being a precious metal dealer (purchasing and selling precious metal products at competitive prices), this company also offers the services below:

  • Gold IRA services
  • Partnered storage
  • Authorized PCGS and NGC submission center 
  • Precious metal product appraisals 
  • Rare Coin Market Insights
  • Supplying coins, and collecting gifts for families 

You can either access an individual service, or you can view California Numismatic Investments as your one-stop-shop, and utilize all its available services. It would be a good idea for you to, however, compare what California Numismatic Investments is offering, with what its competitors out there are offering, before making a decision on which company you will rely on to invest for your retirement years. 

Which products does this company offer?

This company’s catalog includes an extensive collection of gold, silver, platinum, palladium, and rhodium products. There is also a collection of products that coin collectors can access if they are out to add more items to their personal collections. Examples of the products offered by California Numismatic Investments include:

  • Silver Austrian Philharmonic
  • Gold Austrian Philharmonic
  • Canadian Gold Maple Leaf 
  • Silver American Eagle 
  • Canadian Platinum Maple Leaf
  • American Gold Eagle 
  • Canadian Palladium Maple
  • American Gold Buffalo 

Does this company offer custodian services?

This company does not offer custodian services, but it has its preferred custodian, Equity Trust Company. Customers are not mandated to go with any company’s preferred custodian. I would in fact encourage customers to do their due diligence, no matter what any precious metal IRA expert advises them to do. 

The main reason I encourage investors to compare various offerings in the industry is because elements such as fees, quality of services, and features vary from one firm to the next one. You may think that you have gotten the best deal, until you come across a more affordable service provider, with a greater quality of services. 

Does California Numismatic Investments offer precious metal IRA services?

Yes. This company offers precious metal IRA services and has partnered with Equity Trust Company as its preferred custodian. If you have done some research on how to open a gold IRA (Precious Metal IRA), then you do know that you are required by the law to choose an IRS-approved custodian to oversee your account’s activities and to report to the IRS. As already highlighted, you can decide to work with Equity Trust Company as your custodian, or you can choose your preferred custodian, based on the features and qualities of their services that you want to lock-in. 

Does California Numismatic Investments offer storage services? 

California Numismatic Investments offers partnered storage services with a company known as  CNT Depository. CNT Depository has a 63,000-square-foot facility that has Class 3 UL-rated vaults, that it uses to provide segregated and non-segregated storage services to customers who need these services. One of the outstanding pros of the CNT Depository is that it is fully insured by one of the most revered insurance service providers, Lloyds of London. 

What about the fees charged by California Numismatic Investments? Fee

The fees charged by companies in the precious metal industry vary from one company to the other. You will also find that even within the same company, customers can end up paying different fees altogether. If you turn to California Numismatic Investments and you sign up for its preferred custodian’s services as a precious metal IRA investor, here are the fees you can expect to pay:

  • Account set-up fees – $50 
  • Annual fees -$80
  • Annual segregated storage fees -$150
  • Annual Non-segregated storage fees – $100 

Is California Numismatic Investments Genuine or a Scam? Is Premier Trust a scam?

I think that California Numismatic Investments is a legit company. It has been around for over 4 decades, which is sufficient time for the long arm of the law to catch them if they were out to no good. Its founders are people who have also served in the precious metal industry for a long, where they have also come to be recognized as authorities. Let us now turn to the customer reviews to see what those who have utilized its services have to say about it:

Better  Business Bureau (opens on a new window) –   3.7 out of 5 stars (3.7 / 5) – A+ rating

Business Consumer Alliance (opens on a new window) – No customer ratings – AAA rating 

Trustpilot (opens on a new window) – 4.8 out of 5 stars (4.8 / 5)  

Yelp (opens on a new window) –  4 out of 5 stars (4 / 5)  

Trustlink (opens on a new window) – 3 out of 5 stars (3 / 5) 

Sitejabber  (opens on a new window) – 5 out of 5 stars (5 / 5) 

Pros and Cons 

ProsPros

  • Offers a wide range of IRA-approved precious metal products 
  • Vault storage offered in partnership with the CNT Depository 
  • Has preferred custodian for custodian services 
  • Rare coins for coin collectors are available 

ConsDrawback

  • Popular IRA-approved coins are at times not available.

Do You Own or Represent the California Numismatic Investments?

If you are a representative, or associate of California Numismatic Investments and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an email at contact@goldretired.com.

Final Words and Verdict

Verdict: Legit 
Overall Rating : 4 out of 5 stars (4 / 5)

California Numismatic Investments has surely managed to serve its purpose quite well in the precious metal investment industry, as you can see from the consumer trust ratings and reviews. The fact that it has been around for many years goes a long way to validate its legitimacy since was it an illegal firm, it would have been shut down by the authorities. It also appears that this company has an impressive collection of products that customers can purchase as they also utilize other services.

The fact that they also offer IRA services is such a bonus for any gold investor who would want to get all their solutions delivered by one firm. I think this company is doing a great job as is, but I would recommend that you also check out other firms in the industry and what they have to offer, just to ensure that you get the best deal:

That will be all for this review on what California Numismatic Investments is about, and what it has to offer to investors. I hope that you found it informative and that the information presented herein will help you make a solid decision. Let me know whether you have more questions or concerns about this company – drop them in the comments section and I will get back to you ASAP!

I wish you well,

Eric, Investor and Team Member at Gold Retired!

The 3 Best Gold Investment Companies in 2022 [Buying Guide & Quick Review Summaries]

by Leave a Comment

Best Gold Investment Companies

If you are new to the world of gold investing, it’s not easy to decide which gold company you should invest with. Like with most purchases, your first consideration is most likely the price point. Because this may be your first purchase in gold or silver, you might not want to spend too much on fees. So it is advised to look at some transparent and safe firms instead of blindly go with the first shiny object in sight. In this post, we’ve put together a list of what we think are the best gold investment companies in 2022.

The Top-3 Best Gold Investment Companies in 2022

If you’re in a hurry, here are links to our favorite gold investment companies. We go into more detail about why we like them later on in this article.

Logo Name Budget Invest
Goldco Precious Metals $$

Current Deal
Augusta Precious Metals $$$

Current Deal
Advantage Gold $

Current Deal

Our Favorite Gold Investment Company Reviews

Here are our reviews of the best gold investment companies in 2022 to help you choose the right one for your needs. We’ve included alternatives for all budgets and whether you are looking to invest in an IRA or outside an IRA through a direct purchase. All three companies deals with both gold & silver in the form of bars, bulllion & coins.

#1. Goldco Precious Metals

Goldco is your best overall gold investment company as it suits both smaller and bigger investors, their IRA deals starts at $20k and a direct purchase starts as low as $3,5k. There is no limit on how much precious metals you can purchase.

Goldco Specifications

Products & Services: Gold/Silver IRA, Gold/Silver direct purchase — plus, GREAT precious metals education
Strong point: 10% back in FREE silver + highest price buy-back guarantee if you want to liquidate
Endorsed by: Sean Hannity & Chuck Norris (professional badass)
Support:  No pushy sales representatives (this is a HUGE plus, at least in our book)
Minimum purchase: IRA $20,000, Direct purchase $3,500
Our rating:  4.9 out of 5 stars (4.9 / 5)

For the overall gold & silver investor we have selected Goldco as the best choice, it doesn´t matter if you are a high-networth investor or if you are on a smaller budget, this company works with both clientels. Extra plus points for the professional approach of their reps!

There is a reason they have been the fastest growing firm in the gold industry for the last couple of years, everything with this company is super professional & right now they got a 10% back in free silver offer, not sure how long it will be available but at the time we write this it is still live.

CHECK CURRENT PRICES
READ FULL REVIEW

#2. Augusta Precious Metals

Augusta Precious Metals is a great gold investment company that is best suited for the “bigger investors” as their minimum purchase starts at $50,000 and up. There is no limit on how much gold & silver you can purchase with this company.

Augusta Specifications

Products & Services:    Gold/Silver IRA, Gold/Silver direct purchase — plus, outstanding precious metals education
Strong point:  Unique, one-on-one educational web conference designed by Harvard-trained economist
Endorsed by: Quarterback and multimillionaire Joe Montana & his financial team
Support: Account lifetime service and help avoiding this unregulated industry’s scams & gimmicks
Minimum purchase: IRA $50,000, Direct purchase $50,000
Our rating: 4.9 out of 5 stars (4.9 / 5)

Augusta Precious Metals is an awesome gold investment company and is our top choice since it is the only company with a 1-one-1 web conference. With the press of a button, you can book a day and time for your gold & silver investing education were you are able to interact with a Harvard-trained precious metals expert.

The only “drawback” with this company is that it is not for “smaller investors” as minimum investment amount start at $50k, no matter if you want to purchase gold & silver inside an IRA or through a direct purchase (outside IRA).

CHECK CURRENT PRICES
READ FULL REVIEW

#3. Advantage Gold

This company got the lowest minimum purchase limit for an IRA. Due to this, it can work a good chooice for “IRA first timers” or for an individual on a “smaller budget” who still want to invest in precious metals in an IRA.

Advantage Gold Specifications

Products & Services: Gold/Silver IRA, Gold/Silver direct purchase — plus, wide selection of info & educational material
Strong point: Lowest IRA minimum in the industry
Endorsed by: Jim Rickards
Minimum purchase:  IRA $5,000, Direct purchase $5,000
Support:  Phone and e-mail support
Our rating: 4.5 out of 5 stars (4.5 / 5)

For the smaller, “IRA first timer” this might be the right company, especially if you have never had gold inside an IRA. Their direct purchase minimum is not lower than the Goldco minimum though.

A lot of educational material on the website, books, videos, interviews and blog posts. The biggest reason we placed this company on our top 3 list is due to their low IRA minimum purchase amount as we have never seen a lower one in the industry, and we have reviewed 120+ companies!

CHECK CURRENT PRICES
READ FULL REVIEW

Conclusion

To conclude, though we’d recommend checking out the company that make most sense to you, and the one that suits your particular needs the best. They got different strong points all 3 of them and worth to mention is that there is no max roof on how much you can invest with any of the companies.

If you are a High-Net-Worth kind of person, then I would highly recommend that you check out both Augusta and also Goldco to see what company make the most sense to you, and where you get the best bang for your buck so to speak. They both got some pretty awesome benefits, in the end, it depends on your particular preferences. Who knows, you might end up investing with both of them!

However, depending on your budget, at least Augusta, might be “out of your league” when it comes to their minimum purchase limits, that´s why we made that very clear in the tables above on the minimum purchase requirements on each of the companies.

In short, if you can only invest less than $20k (in an IRA), then Advantage Gold is your only alternative. If you want to do a direct purchase (outside an IRA) and only want to buy for, let´s say $3,500 then Goldco is your only alternative, yeah you get the point, hopefully it is clear and understandable by looking at the tables on each and every firm above.

So we hope that helps narrow down some of the best gold investment companies available, no matter if you are looking to invest through an IRA or through a direct cash purchase. We´ll continue to monitor any new companies that come up and add to this list if we see any that looks promising.

Let us know which one you go with in the comment section below!

Join our community for some insider information & advice!