Goldco is a top-rated company in the industry, and it is home to reputable dealers of precious metals. It aims to protect the retirement of many people and ensure that they have a tangible asset like gold or silver that will not correlate with the fluctuations of the stock market. See more about gold on this webpage here.
On the other hand, there’s another company called Augusta Precious Metals, which was established in 2012, and it offers a lot of investment options. There is non-IRA gold and silver available, as well as dedicated support with a personalized approach.
Products and Services Offered by Each Company
Goldco allows different options for their customers to purchase bars and coins from them. You can first set up an individual retirement account with them with a minimum threshold funding of $25,000. Charges and other fees can be based on a flat rate, including maintenance and storage of their services.
The company also offers eBooks, brochures, and online resources to help customers make decisions; others have a dedicated executive who will manage their assets and submit their reports to the IRS.
There are also free investor kits and free silver for qualified accounts. They have an excellent market reputation and dedicated customer service, with an A+ rating from the Better Business Bureau.
Opening an account with them can be simple; you just need to fill up an information kit, and they will call you for follow-up and answer your questions. They have a comprehensive guide if you want a more diversified portfolio, and they have a lot of estate planning attorneys, financial advisors, and tax accountants who will help you with your existing retirement. You can get started by opening a qualified account with them, doing a rollover, and purchasing your preferred bullion.
You can store your metals on an approved depository, and there can be a one-time set-up fee of $50. Annual account charges may also apply, and high-value investors can find greater savings.
They also have a higher buy-back guarantee, but you can’t expect that they will also offer palladium or platinum. If you’re comparing these two gold companies, here’s another thing you would want to know about the Augusta Precious Metals.
Established at 5830 East 2nd Street, Casper WY, and also has an A+ Rating with the BBB, you can get an array of selections with Augusta Precious Metals, including the Gold American Eagle, Maple Leaf, Buffalo, and more. You can also get a certified depository and custodian of your choice with the help, and you can set up a facility near you to personally see your assets.
It’s important to note that the company doesn’t exactly provide in-house storage. Still, the depository of their choice is the Delaware Depository, that’s insured in London for a billion dollars.
Their suggested custodians include the Equity Trust, which has been operating for 30 years in the industry from 50 different states, as well as the GoldStar Trust Company in Texas. One of the more consumer-focused and largest investment firms, Kingdom Trust, has been one of their partners in keeping the assets safe.
Facilities where the gold bars and coins are incredibly secure, and they are often located away from financial and political centers to prevent theft. These are the facilities that are privately owned and have cutting-edge technologies for stringent security.
The choice is entirely up to you, so it’s important to do your research before signing up for these two companies. Talk to one of their representatives and see if they can provide you with what you need.
Why Invest in Precious Metals?
Consumers invest in them because precious metals act as a hedge against inflation. Unlike paper currency or stocks, which can lose value rapidly during times of economic uncertainty, the price of gold, silver, platinum, and palladium tends to rise when the purchasing power of fiat currencies declines. Read info about fiat at this link: https://corporatefinanceinstitute.com/resources/economics/fiat-money-currency/.
Gold also possesses an intrinsic value that transcends national boundaries. While currencies may fluctuate based on geopolitical factors or government policies, they remain universally recognized as a store of wealth throughout history.
Its allure is not confined by borders or affected by political whims, which makes it an attractive option for international investors seeking stability.
Another advantage lies in their potential for diversification. Precious metals provide an alternative investment avenue that moves independently from traditional financial markets like stocks and bonds. By adding bullion to your portfolio mix, you can reduce overall risk exposure through diversification across different asset classes.
They also offer tangible ownership compared to other forms of investments, such as stocks or mutual funds held electronically on paper. Owning physical bars allows you to have direct control over your investment without relying on intermediaries or worrying about counterparty risks.