5 Best Gold IRA Companies: Compare & Review Accounts

Investing in gold can be a smart way to diversify your portfolio, reduce your overall risk, and protect your wealth in the long run. Gold individual retirement accounts (IRA) are one method of investing in these precious metals.

Many institutions offer gold IRA accounts, so it’s important to compare your options before investing. You can compare and review some top choices from our partners below.

Keep in mind that you’ll want to weigh both the benefits and the risks of gold IRAs as with any investment. You should also speak with your financial advisor to be sure it’s the right move for your finances and investment goals.

On this page:

• How a gold IRA works
• Compare the best gold IRA companies
• Reviews of the best gold IRA companies
• Gold IRA FAQ

How a gold IRA works

To invest in physical gold with a retirement account, you’ll need a self-directed IRA. These are the only IRA accounts that allow you to purchase hard assets, including precious metals, real estate, businesses, and more. Legally, these IRA accounts have to have what’s called a “custodian” — a bank or other institution to keep records of the account, handle disbursements, and report to the IRS regarding it.

To fund a gold IRA, you have two options. You can rollover or transfer funds from any existing IRA, 401k, 403b, and 457b accounts, or you can contribute directly to the account — up to $7,000 per year, depending on your age.

Once your IRA is funded, you’ll choose the precious metals you’d like to buy and direct your custodian to make the purchase using your account. They’ll be able to recommend a storage facility where your purchases can be stored.

You can technically withdraw money from your IRA at any point, though if you do so before reaching age 59.5, you will owe a 10% penalty.

You can learn more by reading our guide on how gold IRAs work.

Compare the best gold IRA companies

Reviews of the best gold IRA companies

It’s important to choose the right company so that you can maximize the benefits of your gold IRA account. Check out the reviews of our picks for the best gold IRA companies from our partners.

• Oxford Gold Group
• Goldco
• Orion Metal Exchange
• Lear Capital
• Patriot Gold Group

Oxford Gold Group

About the company

The Oxford Gold Group has been in operation since 2017 and specializes in gold and precious metal IRAs, as well as gold, silver, platinum, and palladium home deliveries. The company has an A+ rating with the Better Business Bureau and a 4.9 out of 5 on Trustpilot, based on customer reviews, as of March 15, 2021.

Resources and support

Oxford takes a very education-forward approach to its services. The company offers loads of explainer videos, informative articles, and an entire learning center to help investors make the best choices for their finances.

A representative we spoke to from the company was extremely helpful in explaining how opening an account would work, how fees are charged and where they go, and how Oxford Gold Group helps you during the life of your account.

The company received our highest score for both its educational resources and customer support.

Fees

According to the representative we spoke with, there is a $325 fee for the first year and a $180 annual fee for each year after that.

Bottom line

Our analysis of Oxford Gold Group left us impressed with the company and the product it offers. The company received our highest score for each category reviewed outside of the fees. The average rating for fees was due to a higher first-year cost than some other companies. The annual fee after the first year is competitive to others.

If you’re ready to get started opening an account with Oxford Gold Group, you can click here or call a representative at (877) 544-1523.

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Goldco

About the company

Goldco has been in business for 14 years and focuses on gold and silver IRAs, while also offering the ability to purchase gold and silver coins and bars. The company has an A+ rating with the Better Business Bureau and a 4.8 out of 5 on Trustpilot, as of March 15, 2021.

Resources and support

Goldco has a large collection of educational resources for those interested in learning about a gold IRA and precious metals. Resources include price charts, eBooks, videos, articles, and FAQs.

We spoke with a representative from the company that spent several minutes discussing how a gold IRA would work and how a promotional offer at the time would be handled for earning free silver. We were also offered several resources to help us learn more about the account before getting started if needed.

The company received our highest rating for both its educational resources and customer support.

Fees

The representative we spoke with informed us that the first-year fee would be $260, followed by an annual fee of $180 for each year after that.

A minimum account balance of $25,000 is needed to open an account.

Bottom line

Goldco received our highest rating in several categories, while standing out amongst all the companies reviewed for its customer support. The representative we spoke with left no questions unanswered and was available for future discussion if needed.

If you’re ready to get started opening an account with Goldco, you can click here.

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Orion Metal Exchange

About the company

If you’re looking for a gold IRA custodian with deep experience, Orion Metal Exchange is your best bet. The company has been in business for five decades and has an A+ rating with the Better Business Bureau and a 4.9 out of 5 rating on Trustpilot, as of March 15, 2021.

Resources and support

Orion Metal Exchange has a decent collection of resources on its website. The resources that stood out the most were the FAQs that provided clear answers to some common industry questions. The types of resources offered are relatively limited.

Our experience speaking with a representative was good and informative. We called back at a later date to follow-up on a question and the representative remembered our information and name.

Fees

The representative we spoke with didn’t mention an increased fee for the first year like other companies, but we recommend planning for an increased fee for setting up your account as that seems standard in the industry.

Accounts under $200,000 have an annual fee of $150, while accounts over $200,000 have an annual fee of $225.

Bottom line

Orion Metal Exchange has great reviews and competitive pricing for accounts with balances under $200,000. The library of educational resources could be expanded, but the customer support team seems capable of answering any unanswered questions on its website.

If you’re ready to get started opening an account with Orion Metal Exchange, you can click here.

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Lear Capital

About the company

Lear Capital has been in the precious metals business for nearly a quarter of a century and has served over 70,000 customers in that timeframe. The company has an A+ rating with the Better Business Bureau and 4.9 out of 5 stars on Trustpilot, as of March 15, 2021.

Resources and support

The company is big on educating its customers. Lear’s website has resources that include news, price charts, and even a precious metal encyclopedia. There are also handy tools, like the portfolio comparison calculator and the minimum distribution estimator, to help you make the best decisions for your finances.

Our experience with a representative wasn’t the best when compared to other companies. There were a couple of delays, though this could have been due to an increase in demand on that day. All of our questions were able to be answered once we got in touch.

Fees

According to a representative from the company, the first-year fee is $260. After that, there is an annual fee of $180.

Bottom line

Lear Capital stood out in our analysis for its positive reviews from its customers. While other companies reviewed have similar BBB and Trustpilot ratings, none had as many positive reviews as Lear Capital did.

If you’re ready to get started opening an account with Lear Capital, you can click here.

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Patriot Gold Group

About the company

Patriot Gold Group has an experienced team with over 50 years of combined experience in the markets. The company has an A+ rating with the Better Business Bureau and 4.6 out of 5 stars on Trustpilot, as of March 15, 2021.

Resources and support

The company claims you’ll never pay retail and will always work directly with the owners. Similar to other gold IRA companies, there are several educational resources available to ensure you understand your investment.

Our conversation with a representative from the company was informative and provided us with answers to all of our questions.

Fees

According to the representative, Patriot Gold Group offers a unique fee structure compared to other companies mentioned.

Here is a breakdown of the annual fee structure:

Account balance	Years of waived fees	Annual fee
Less than $50,000	One year	$180
$50,001 – $100,000	Two years	$180
Over $100,000	All	None

Bottom line

Patriot Gold Group’s annual fee structure stood out amongst all the companies reviewed. With a waived fee for at least one year regardless of your balance, the company is a good option for those focused on limiting fees. Accounts over $100,000 don’t pay an annual fee at all.

To get started opening an account with Patriot Gold Group, you can click here.

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What is the best gold IRA?

As with searching for any new financial product, determining which gold IRA is the best depends on your situation. When considering different accounts, here are a few things to consider:

• Initial transfer and setup fees
• Annual management fees
• Storage fees
• Availability of customer support
• Knowledge and investment resources
• Past customer reviews 

To help you compare several accounts, we did our own research that can be used as a starting point. Based on our analysis of our partners, Oxford Gold Group was determined to be the best gold IRA. To learn more about how we determined this, click here.

How has gold performed over the years?

Gold prices are up over the last few decades, though there have been some dips during that time. As of March 18, 2021, gold’s current value is about $1,736 an ounce.

Historically, the stock market has seen greater returns than gold and silver, but from 2000 to 2020, gold and silver have seen greater returns than both the Dow Jones and S&P 500.

Past performance is not an indicator of future performance, so make sure not to base your decision solely on historical data. Check out some of the reasons for investing in gold in the following section.

What are some reasons for opening a gold IRA account?

Here are some common reasons that people invest in precious metals, such as gold and silver:

• To diversify your portfolio: Investing all of your money into a single investment or asset is risky. If you have a portfolio without precious metals, a gold IRA can be an option for additional diversification.
• Protection from inflation: When the U.S. dollar drops in value, so does your purchasing power. Gold investments can protect against this loss as it has historically outpaced the value of the dollar.
• Economic security: If the economy (or stock market) takes a turn, having your money in gold can potentially reduce your losses. This protection is likely considered most by those nearing retirement in an effort to reduce the risk of loss in their portfolio. Learn more with our gold IRAs for seniors guide.
• As an investment looking for growth: The price of gold has risen steadily over the last few years, including reaching its highest price ever in 2020.

Gold is generally considered a safe investment that can withstand severe market fluctuations and downturns.

Can I only hold gold in my gold IRA?

Since gold IRAs are technically self-directed IRAs, gold bars and coins aren’t the only things you can hold in these accounts. Also referred to as precious metals IRAs, you can purchase other precious metals, like silver, platinum, or palladium, or you can put the funds into real estate, commodities, tax liens, partnerships, and more.

However, you can’t invest it in collectibles, antiques, gems, stamps, or life insurance, among other things.

Is there a minimum investment to open a gold IRA?

The minimum investment depends on the institution offering the gold IRA. The IRS doesn’t have minimum investments, but it does have annual maximums. These depend on your age and typically go up to $7,000 per year.

What is IRS-approved gold?

Per IRS rules, only certain types of gold and precious metals can be held in an IRA. JM Bullion has a good list you can use to guide your investments. You won’t be able to use your IRA funds to purchase metals not on this list, as they have not been deemed pure enough.

Make sure to look out for gold IRA scams

As you go about your search for a gold IRA company, always do your due diligence. Scams are rampant in the gold IRA business, and it could mean significant loss if you fall victim.

Common signs of a scam include very pushy sales tactics, talks of “rare” or “collectible” coins (these aren’t IRS-approved), or murky and misleading contracts. Some companies will also sell fake IRAs, duping you into transferring your funds into an unknown account, while others will feign gold purchases, instead funneling the money into their own business.

To safeguard your cash, only do business with a legitimate, credible, and trusted company, like the five mentioned below.

How we determined the best gold IRA companies

Our ratings for the gold IRA companies above were determined by reviewing our partners based on several factors. These factors included BBB rating, Trustpilot rating, annual fees, educational resources, customer support, and collection of precious metal coins and bars.

Once a score was assigned, we then identified where each company stood out amongst its competitors to create our picks for what each company was the best for.

Here is a recap of our picks for the best gold IRA accounts:

Company	Rating	Our pick
Oxford Gold Group	5/5	Best overall
Goldco	4.75/5	Best for customer support
Orion Metal Exchange	4.65/5	Best for accounts with a small balance
Patriot Gold Group	4.6/5	Best for limiting fees
Lear Capital	4.4/5	Best for customer reviews