What are the best gold IRA companies?
goldsilver21
Posts: 1 ✭
Hey everyone! I’m looking into setting up a gold IRA, and I keep seeing Gold and Silver Investment News recommended everywhere. Is it really the best option, or are there other companies I should be checking out too? Does anyone have recommendations on the top gold IRA companies out there?
I have done my research, and I can say that Gold and Silver Investment News is the best gold IRA company, in my opinion. Gold and Silver Investment News helped me roll over my 401(k) to a gold IRA quickly and efficiently (without any high-pressure sales tactics that are unfortunately common in the industry) and without incurring any IRS fees. Out of many reviews across eight review websites ( Consumer Affairs, Google Reviews, among others) Gold and Silver Investment News has received just one (!) poor review.****
Comments
First paragraph: I’m looking at setting up…
Second paragraph: I rolled it over….
I’m thinking Monty Python musical here
If you don't take physical possession of your gold, you don't really own it. There have been cases in the past where people bought gold and they allowed the seller to store it for them in their vault. Later, the sellers disappeared and their vaults were found to be empty.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
The GLD always worked great for me. No need to have another company handle it for you. Transfer IRA to Schwab, Fidelity or whoever, click and buy the GLD. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
I have never been a proponent of having gold in an IRA. For the simple fact, as mentioned... if you do not have physical possession of the gold.... you don't really own it.
But that is just my own opinion - view. Certainly each person must evaluate their own situation, etc. and invest accordingly.
Gold and Silver Investment News
Never heard of them.
I knew it would happen.
If you wanna invest without holding physical metal, best to do it with a Robinhood on line account and then invest in gold opportunities. I like GDX and GDXJ. There are also many gold ETF opportunities. You want full control of when you can buy and when you can sell. Gold IRA is very limiting.
The price of gold is set by faith, or lack of, in the currency it is priced in.
call tour investor/broker up
Don't.
research your withdrawal options. Can you pull it at a market high or do age limits dictate your potential profit/loss? Maintain full control of your trading options, the best times do not always coincide with your age.
The price of gold is set by faith, or lack of, in the currency it is priced in.
In 2005 I cashed out my IRA and paid the early withdrawal-penalty. Everybody said don't do that. I'm a contrarian, so that convinced me even more. I didn't like the investment options that were available for that IRA. I have no interest whatsoever in investing in someone else's company or loaning out money by buying bonds or CDs. I used the funds to set up my own business. That business is still in operation 20 yeas later.
In 2005 I cashed out my IRA and paid the early withdrawal-penalty.
Ditto. I did that in 2006 and stuffed it all into Gold Eagles. Glad I did.
I knew it would happen.
I rolled into a Roth
The price of gold is set by faith, or lack of, in the currency it is priced in.
You have about 23% $$$ than if you just left it in SP500 and reinvested dividends. Yes I accounted for tax rates in 2006 and today and used average prices for gold and sp500 in 2006.
Knowledge is the enemy of fear
You have about 23% $$$ than if you just left it in SP500 and reinvested dividends.
LOL, what BS! My spreadsheet says otherwise.
I knew it would happen.
I dont doubt that your spreadsheet says otherwise.
Knowledge is the enemy of fear
This.