|BUSINESS CONSUMER ALLIANCE RATING||AAA||AAA||AAA||A||AAA||AAA||A||F|
|BCA COMPLAINTS (3 YRS)||1||66||11||5||44||8||14||36|
|BETTER BUSINESS BUREAU||A+||No Rating||A+||A||A+||A||A||D-|
|BBB COMPLAINTS SINCE MARCH 2013||0||Not Available||0||1||20||6||4||7|
|IRA ANNUAL FEES*||Flat (No Fee 1st Year)||Unknown||Scaled||Unknown||Scaled||Unknown||Scaled||Scaled|
|WEBSITE||Regal Assets||Merit Gold||Capital Gold Group||Morgan Gold||Lear Capital||Rosland Capital||American Bullion||Goldline|
|REVIEWS||Regal Assets Review||Merit Gold Review||Capital Gold Group Review||--||Lear Capital Review||Rosland Capital Review||American Bullion Review||Goldline Review|
Business Consumer Alliance: AAA Rating, only 1 complaint in the last 3 years (see BCA report)
BBB: Rating of A+, 0 complaints since March 2013 (read more on the BBB)
TrustLink: based on 337 Reviews (TrustLink page)
Minimum Investment Amount: Regal Assets has minimum investment amounts of $10k for a retirement account rollover and $5k for a cash buy for physical delivery.
Important: First year’s storage and administration fee is waived. After that, there is a low flat fee for segregated storage of your metals. Most other companies offer commingled storage by default. If they do offer segregated storage, it is typically scaled and limited to gold. Regal Assets offers segregated storage for both gold AND silver.
If you’re seriously considering a precious metals IRA with Regal Assets or ANY company, we highly recommend that you listen to this first.
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Click the Play Button Below to Listen to Our Interview with Regal Assets CEO, Tyler Gallagher.
What You’ll Learn in this Interview:
- The Most Important Factor to Consider When Choosing a Gold IRA Company
- Bullion vs Rare/Collectible – Finally, A Real Answer
- Why You Might Not Want to Trust That Ad for Really Low-Priced Bullion
- How to Get Your Gold/Silver IRA Setup in 4-6 Weeks Less Than the Standard
- How to Save Thousands in Management Fees
The Top 3 Questions to Ask Your Gold IRA Company
Q1: Are your annual fees FLAT or SCALED?
It’s important to be aware of what your annual IRA storage and administration fees will be. Most companies offer SCALED pricing for storage and/or administration. Some companies will say their fees are flat, but they are only giving you a half truth. So, find out if the fees ever become scaled and under what conditions. If you have a smaller sized account (<$100k or so), then this will not be as big a deal, but if you are investing more than $100k, it is VERY important. Even if you’re investing a smaller amount now, your account balance may grow or you may decide to add additional funds in the future, which may push you into the scaling fee. Accounts with scaled fees can incur thousands or tens of thousands of dollars in unnecessary fees over 10 to 20 years. For some, the scaling fee is even more expensive if you have segregated storage added on. RECOMMENDATION: We recommend choosing a company with a low, flat annual fee for both storage and administration.
Q2: Will my metals be COMMINGLED or SEGREGATED?
Another area to research closely is how your metals will be stored. Many companies will quote you the price for commingled metals, but then present you with the higher, segregated costs later (should you realize you want to segregate your metals). It’s a good idea to get segregated storage so that your metals do not get commingled with lower quality items that another company may have sent for their clients. Even some companies that do offer segregated storage don’t realize that the most popular depository (Delaware) DOES NOT offer segregated storage for silver. They only offer it for gold. But, beware of someone quick to tell you otherwise. They probably don’t know the real answer and just want to proceed with your business. RECOMMENDATION: We recommend choosing a company with segregated storage for both gold and silver, even for accounts with segregated storage.
Q3: Do you recommend BULLION or RARE coins?
Both bullion and rare coins have their pros and cons. It’s important to be aware of them. Be skeptical of any company that pushes a particular coin or product for sale. If you want bullion, make sure you’re not forced into rare coins. Also, be careful with “X% over dealer cost” advertisements for bullion. In most cases, this is loss leader/bait and switch advertising in which the advertising company NEVER intends to sell you these products. They bring you in with low priced bullion and convince you to buy their higher priced, rare products in which they have much higher profit margins. RECOMMENDATION: We recommend choosing a company that does not push any one type of gold or silver coin.
The 3 Step Process
Basically, there are 3 steps involved, each one as important as the next:
- Buy Gold (make sure you buy the right kind of gold that’s approved by the IRS)
- Setup a Self-Directed IRA with an IRA Custodian
- Store the Gold Somewhere in a Vault/Depository
*Thankfully, instead of having to complete these three steps myself with limited knowledge of the industry, I was able to make one quick call to Regal Assets at (888) 981-7445 and I am glad to share they took care of the majority of the legwork, which made my experience completely headache-free. While I know the price of gold will fluctuate short-term, I’m now confident, and I’m no longer losing sleep at night because I know that a good portion of my retirement fund is backed by something
real, not some paper based ETF, volatile stocks, or fiat currency.
Keep reading to learn more about how we chose the top company…
Knowing the reputations of some of these gold companies, I knew I wanted to work with a reliable, trustworthy company that specialized in setting up gold IRAs.
While doing research on gold IRA companies’ experience and reputation, I realized each leading company was listed and rated on consumer focused sites like the Better Business Bureau (BBB), TrustLink, and the Business Consumer Alliance. It became easy to see which companies had a lot of complaints lodged against them, how many were resolved, and how many had been closed within the last year. A recurring theme among some of the well known companies revealed they offer poor customer service, have pushy sales people on staff, deliver low quality coins, have a slow inefficient process, post unexpected fees, push collectible (proof, numismatic, or rare) coins.
If you’re looking for a high quality, high touch, streamlined experience with a best of breed company that truly specializes in precious metal IRAs, does not push you to buy overpriced rare coins, and offers a low, flat annual storage and admin fee ($225/year and actually no cost the first year), then the obvious choice is Regal Assets. We recommend you give them a call and see if they really live up to their reputation.
More on My Recommendation
Besides the stark differences in the reputations of the various companies, Regal Assets were a pleasure to speak with on the phone and very knowledgeable about the market and more importantly, Regal Assets are experts on converting to a gold IRA. I didn’t feel pressured at any time and confidently trust them with my financial future.
I’ll admit that the contrast between Regal Assets and the other gold IRA companies was a quite shocking. I expected there would be a few companies I’d have a hard time choosing between, but it just wasn’t my experience. Not only do Regal Assets’ numbers add up with their 5 star reviews and very low number of complaints, I had a wonderful experience with them during all the calls I made, asking a few questions about converting to a gold IRA and inquiring about the overall process. Not only did they answer my questions, but they did so in a friendly manner and didn’t pressure me to buy anything (Not even to buy gold, which I actually wanted to buy!). On the other hand, when I called some other companies, I got a vastly different experience. With most other companies, I actually felt somewhat pressured or like I wasn’t worth their time. And, some were condescending in tone while others were just completely rude (in one case, I was actually ANGRY after the call).
What made RA stand apart from the other companies was the fact they left me feeling as if they take the most pride in what they do. Have you ever talked to someone who is the best at what they do? They possess a sort of relaxed confidence and that is the feeling I got from Regal Assets. And, if you’re actually buying gold coins (or silver, or platinum) for delivery to your home, they offer a 7 day delivery guarantee (which is hard to find anywhere else).
I recommend you visit their website by clicking here or call them and request your free gold investor kit. They’ll call to confirm your address and you can ask them a ton of questions at that point or you can wait until you’ve had time to review the kit.
>Visitors Also Read: Should You Be Concerned About Fees? – Important Points for Those Investing More Than $100k – 250k
Feel free to contact me with any question, concern or comment, as I’m always on the lookout for fellow investors.
**There are many IRA custodians out there. Most offer scaled account structures, which means you pay more. Most of the companies on this page either use Self Directed IRA Services or Goldstar Trust, both of which charge based upon the size of your account. Our recommendation, Regal Assets, has a long standing relationship with another very well respected custodian which allows them to charge a very low annual fee (covered for the first year).
Be sure to research this well before signing any documentation.