Gold IRA companies are an exciting concept, but as with all investments, it’s essential to consider your options carefully. If you’re unsure which Gold IRA company you should use, these seven criteria will help you make an intelligent decision. Gold IRA companies are a very new concept. Although the first one (Silver Republic) was founded in 2006, many companies have since begun offering gold IRAs. There are more than 350 different gold IRA providers today, but a site like can help you make a decision. The fact that there are so many options can be very confusing when you’re trying to decide which company to use. If you’re unsure which one is right for you, take this quick quiz to help figure it out.

1. Check Legitimacy

First, make sure the company you’re considering is legit. You’ll want to contact the Better Business Bureau to check if they have a rating. It would be best if you also tried to find some independent reviews of the company online. If you can’t find any, search for the name of their CEO or President and see what comes up in a Google search. Don’t forget to read their privacy policy and contact details just in case you need to reach them later. A legitimate gold IRA company should be licensed and insured. They should also have a toll-free number you can call and a physical address you can visit in person. In addition, a legitimate company will be listed as a National Precious Metal Exchange member. Your state’s Consumer Affairs Office can also help you verify the legitimacy of a business.

2. Remember Experience

If you decide to use one of the gold IRA companies, you want to make sure you choose one with a lot of experience. Most of these companies were started because they’ve seen how hard it is to invest in gold without some help. They know how important it is for people to know whom they are dealing with and how trustworthy they are. So, read their FAQs and reviews before making a decision. Customer service will often give you a better idea of their experience. Please find out the number of accounts they’ve managed or the average number of years they’ve been in business. Remember, this is a long-term investment, so make sure you’re working with someone who knows what they’re doing and has been doing it for a long time.

3. Inspect Reputation

When you make your gold IRA deposit, you’ll want to remember to check out the company’s reputation and rating. If the company has a bad reputation, it’s essential to research before funding your account. There are lots of stories about companies getting hacked and losing all of their customers’ money. It doesn’t happen often, but if it did happen, it would be devastating for any company. Whenever you’re making your deposit, make sure that there are no questions about these types of things happening at this particular company. The best gold IRA company will have an excellent reputation.

4. Fees

The gold IRA companies have different fees. Some charge monthly fees, while others charge one fee and then send you a check periodically for their fees. If you choose to use a company that does monthly fees, this could be a problem if your investment overgrows. A good gold IRA company will inform you upfront what their fee structure will be like and when they will make the investments for you. Moreover, you can ask for a copy of the contract to review. This is as important as checking out the reputation of the company.

5. The Gold IRA-related Information Provided

You can expect to receive such information from your gold IRA company. It would help if you took the time to review all of this information before investing. Review the prospectus and ask if they have an independent auditor grade report verifying their statements. They should also let you know their top 10 investors, how long they’ve been in business, how long it usually takes to complete a transaction, and how long it typically takes for gold to be allocated into your account. Choose a company ready to respond to your questions and has much information available. The gold IRA companies compete with each other just like any other business, so it’s important to know exactly how their process works before you make your investment.


When you’re considering different Gold IRA companies, it can help to use this simple test. Just remember to check for legitimacy, experience, and reputation. If the company you want to use passes this test, you’ll likely be happy with your decision and have a successful future in gold IRAs. If they don’t pass the test, you’ll probably be better off choosing another provider. Additionally, Internet stock broker reviews play a substantial role in deciding on a stockbroker online agent and type of account, such as a Traditional IRA or Roth IRA account.