Disclosure: This article contains references to products from our partners. We may receive compensation if you apply or shop through links in our content. This compensation is how we fund our in-depth research. (read more)
When looking to make an investment in precious metals for your retirement or to build your net worth, you probably typed into your search engine something like, “Which are the best precious metals IRA companies in the USA?”
Many of the sites you will have found on the web focus solely on Gold investments and Gold IRAs; Although Gold has historically been a great investment choice, we believe you should consider investing in a broader range of precious metals.
For this reason, we believe finding an IRA precious metals dealer that offers more than just Gold investments is essential. We would suggest that your Gold and precious metals IRA company needs to sell Gold, Silver, Platinum and Palladium as a minimum offer. the growth in silver has outperformed the growth in Gold on many occasion during the last ten years. Having Platinum and Palladium in your portfolio can also help further diversification and thus reduce risk.
One of the prime reasons you may consider investing in precious metals is diversifying your savings to maximize opportunity and minimize risk. Traditional ways of saving for your retirement, like your 401k plan, are often held in stock, shares, and bonds. Most 401k plans do not allow you to hold precious physical metals; some do allow you to hold “paper gold.”
When seeking the best precious metals IRA firms, you should look for companies that offer help and advice in all precious metal trading, storage, buying and selling.
Our recommended approach is to consider diversification in all aspects of your investment portfolio. We would not recommend holding all of your wealth or retirement funds in precious metals, nor would the precious metal IRA companies we choose as our top pick precious metal IRA companies. Similarly, we believe you should consider holding various precious metals in your precious metals IRA for the same reason. Never have all your eggs in the same basket!
By having various precious metals in your IRA or portfolio, you minimize the risk of a collapse in the price point of a single precious metal, wiping out all of the funds you hold in precious metals
There currently is a great deal of speculation around the top price of Gold, and people are often asking the question, has gold reached a high point? If this is the case, then investing in Gold might be a bad idea; none of us really know the answer to that question, although we can all speculate; after all, that is what any investment is based on, speculation and using your best judgement.
In our opinion, if you compare the Gold price to the price of Silver, it looks more likely than not that silver has not reached its highest price point. So considering Silver as part of your precious metal IRA portfolio might seem a good idea.
When considering which precious metals to invest in you need to consider the sparsity of each metal. Still, equally, you need to consider the likely future demand for each metal. As an example, what will be the impact of the global switch to electronic vehicles on the price of precious metals?
Here are a few links that might help you consider this question
When choosing the precious metal IRA custodian you wish to work with, and please ensure that they are authorized to sell the precious metals you want to incorporate within your IRA. Not all precious metal IRA companies can or do sell all groups of precious metals. Indeed, not all precious metal IRA firms are equal.
This link will take you to our review of our Top Picks of Precious Metal IRA companies.
If you want to see a whole of the market view of all the precious metal companies, this can be found on our complete list of Gold and Precious Metal Companies page.
Our 2022 award for Best Precious Metal IRA company went to Augusta Precious Metals this year.
For full details of our Top Gold IRA Companies for 2023 click this link.