With 12 years in business, a stellar reputation and an A+ BBB rating, Money Metals Exchange is one of the most trusted places to buy gold. The exchange offers a wide range of metals, including silver, platinum and palladium, at competitive prices, with no hidden fees or minimum purchase requirements. Monex educates its customers and offers free gold and silver to customers who refer their friends to their gold dealer. Your gold dealer should help you select the right metals and let you know if gold isn't the best option for your portfolio.
Top gold IRA companies offer unbiased educational resources, investor information, and responsive customer support. However, it's important to note that financial advisors generally recommend allocating 5% or less of a portfolio to precious metals because gold doesn't pay dividends and, even with a long time horizon, gold investors have no guarantee of making money with their investment. The company offers investment options in gold and silver; it uses Delaware Depository, a popular option among gold IRA providers, to hold clients' assets, such as gold coins and gold bars. Most gold IRA companies buy back the gold they initially sold to them, but repurchases are generally made at the wholesale price, which is often about 30% lower than the prevailing retail price.
Other Gold-Silver gold products include Gold Eagles and Gold Buffalo, Maple Leafs, Krugerrands, Austrian Philharmonics and several ingots. A good gold broker will teach you about the gold market, inform you about the spot price, and analyze and compare the advantages of various gold investments. Like a traditional IRA where you can hold stocks, bonds, or mutual funds, a gold IRA is a tax-preferred investment vehicle and the only option for holding precious metals in an IRA. The gold trader helps clients strategically use the metal as a hedge, whether they take possession of the gold or keep it in a retirement account.
Oxford Gold Group gold dealers provide customers with the information they need to make sound financial decisions. If you choose to fund the account with assets that are currently in another IRA, the gold IRA company will help you manage the reinvestment (more on that process below). Some gold IRA companies refer to their offerings as diverse because they may contain more than one type of precious metal. Gold IRA companies are not investment firms that have a fiduciary duty to act in their best interest.
Precious metals such as silver and gold, platinum and palladium are considered hedges against inflation and stock market volatility. Gold IRAs make it possible to keep these precious metals in an individual retirement account.