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If history has taught us anything, it is that there will always be people and organizations looking to scam others. And this is particularly true in the area of investment, where people frequently seek out simple ways to make quick money.

The first step in avoiding gold IRA scams is learning about trustworthy and reputable gold IRA firms and precious metals companies.

Second, it is crucial to know about the most typical gold IRA scams and how to avoid them if you want to make sure you are not being taken advantage of.

To learn how to avoid gold IRA scams, you can either request this Free Guide that helped Joe Montana avoid mistakes or continue watching the videos below.

Free Gold Ira Lies Guide: Augusta Precious Metals

How To Avoid Gold IRA Scams

We recommend that you watch these 2 videos to help you identify and avoid the scams, gimmicks, and high-pressure tactics some companies use to gain buyers and make commissions.

 

Avoid Gold IRA Scams

 

Gold IRA Companies Involved In Lawsuits

To date, several of the leading precious metals investment firms have been involved in lawsuits from government regulators in relation to their sale of precious metals-based retirement investments.

Here is a sample of precious metals companies that have been in legal hot waters:

  • Advantage Gold
  • American Bullion, Inc.
  • APMEX, Inc.
  • Fortress Gold Group
  • Free Gold IRA
  • IRA IN GOLD
  • JM Bullion
  • Gold IRA
  • Gold Silver, LLC
  • Lear Capital
  • Money Metals
  • Monex Precious Metals
  • Patriot Gold Group
  • Oxford Gold Group
  • RC Bullion
  • Rosland Capital
  • Scottsdale Bullion & Coin
  • SD Bullion
  • uDirect IRA Services, LLC

Reputable Gold IRA Companies

Fortunately, there are reputable gold IRA companies that have been serving Americans for over a decade and helping them protect and secure their hard-earned retirement savings.

We have vetted and rated the top 6 gold IRA companies in the industry to help you identify the best option to protect and grow your wealth today.

Each gold IRA company is rated based on a variety of factors including BBB/BCA ratings and complaints, customer reviews, annual fees, precious metals selection, storage options, promotions, and buy-back programs.

>>>Check out our list of the top 6 gold IRA companies (cash sales also available).

Or, you can click on the banners below to request a FREE Gold IRA Guide/Kit from each precious metals company or click on “Learn More” to read their full review.

Frequently Asked Questions & Answers

Is investing in precious metals a good idea?

We believe it is. Throughout history, gold and silver prices have moved in the opposite direction of paper assets and can, therefore, provide a good hedge against inflation. Past performance doesn’t guarantee future gains, but the numbers show that the weaker the dollar has become in the past, the better gold generally has performed. In fact, the relationship between gold and the dollar is often seen as an inverse one.

Why starting a gold IRA?

Traditional IRA accounts may not be enough to provide for you and your loved ones, post-retirement. Not if the economy remains as uncertain as it has looked recently.
For eons, investors have looked to gold to help them potentially offset losses due to economic turmoil. A gold IRA or precious metals IRA permits you to diversify a portion of your retirement portfolio — including pre-existing IRAs and former 401k(s) with previous employers — by actually owning physical gold (and silver) within a retirement plan. As a result, you can securely possess physical precious metals in a tax-deferred account.

Should I invest in physical gold, futures options (EFTs), gold mining stocks, or gold funds?

Indirect forms of investing in gold are much riskier than physical metal. You are relying on any third party individual or company to look after your wealth for you, and depending on the company’s success or failure, you risk losing your investment. With physical gold, you are in control of your wealth. Physical gold offers you that layer of protection and security which Gold Exchange Traded Funds (ETFs), gold mining stocks and funds do not.

When investing in a gold IRA, you will get the same tax benefits as a traditional IRA, while actually owning physical gold coins or gold bars.

Do my precious metals have to be bars or can they be coins?

While some coins can be included in precious metals IRAs, only certain coins are IRS approved for inclusion in IRAs. In fact, not all bars or bullion are IRS approved. The IRS maintains a list of acceptable forms of precious metals for IRAs. You can be certain that a reputable gold IRA company offers a variety of metals for IRAs within IRS guidelines.

Can I choose any custodian and storage company to store my metals?

Yes. While established gold IRA companies often recommend Equity Trust as their preferred custodian and Delaware Depository for storage, you can choose your own custodian and storage companies.

Can I store my precious metals at home?

Non-IRA precious metals, yes. Not metals for an actual IRA. IRS rules forbid keeping your IRA precious metals at home or in a standard safety security box. They must be held by an approved non-bank trustee or a bank within IRS guidelines that restricts access. In other words, just like a traditional IRA, the access to the precious metals in your precious metals IRA must be restricted in specific ways to ensure deposit and disbursement laws are followed.

Are the values of the precious metals I buy for my IRA guaranteed?

No. Like all investments, the future value of precious metals is not guaranteed and can rise or fall based on a variety of market influences. But we believe physical precious metals are your safest bet to hedge against a stock market crash, inflation, and the debasing of the dollar.

When will I be eligible for distributions from my gold IRA?

At age 59½, you or the beneficiary of your precious metals IRA can start taking penalty-free distributions from the account, according to the IRS.

How long does it take to rollover a traditional IRA into a gold or silver IRA?

Usually around two-three weeks, although each application is different and the amount of time varies on a case-by-case basis.

What is the advantage for customers to set up an IRA with a gold IRA company as opposed to going to the custodian and setting it up with them?

The customers will receive top-notch service and specialized account setup knowledge provided by the gold IRA company’s IRA Processing Department throughout the process from start to finish. They do 95% of the paperwork with them. Customers can feel safe knowing they will be kept up to date every step of the transfer process by daily calls or e-mails from the IRA Processing team with any gold IRA company listed on How To Invest Gold. These companies also often provide lifetime account support.

About How To Invest Gold

Our Mission

For over a decade, our mission has been to provide investors and retirees with all the information they need when it comes to precious metals and cryptocurrency investing.

Gold backed IRA - Goldco, Regal AssetsNot only do we provide a complete guide on the best ways to invest in precious metals, but we have also carefully vetted the best precious metals companies in the US to help you choose the best provider for your investment needs.

We believe that investing in precious metals and cryptocurrencies through your 401(k)/IRA is one of the best ways to invest in this asset class, due to the tax-saving component. A gold IRA or crypto IRA is the best way to protect your retirement account against an unstable market.

Disclaimer: The owner of this website is not licensed as an investment advisor and, accordingly, does not make any recommendations regarding clients’ personal investment portfolios. It is recommended that you carefully evaluate and research the risks and rewards associated with investing in alternative assets such as physical precious metals and cryptocurrencies before you make a purchase. Learn more in our Terms of Service.

We are happy to answer all your questions

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