Gold IRAs: Safe or Predatory?

Considerations & Red Flags

Pricing & Fees

Make sure you are not over paying!

Salesy Sales People

Gold IRA salespeople are not usually investment advisors. If they are pushing particular products, it is most likely because that is what will make them the most money.

Reference Spot Prices

Use online resources, like Kitco, to see live spot prices. Remember - the Gold IRA industry is under fire for charging ridiculous markups.

"Call for Pricing"

Why wouldn't a Gold IRA company provide a standard upfront markup above spot price for their products? If they require you to call for pricing, it's likely because they're just trying to see how much markup they can squeeze you for. This is a common Gold IRA scam.

"Exclusive" & "Limited Mintage" Coins

Are you wasting your time - or money - on any exclusive or limited minted coins being pushed on you? Consider the commissioned salesperson's motivation (ie: charging you 50%-200% commission)

Additional Fees

Are there monthly or annual fees for your Gold IRA? Do they charge you to close or move your account?

Account and Platform

Be mindful of the account, custodian, and access you'll have with your Gold IRA

Account Access

Is there an online dashboard you can log into and see your balances? If so, can you make purchases yourself or do they force you to call a salesperson to buy or sell assets?

Custodian

Who actually holds the physical metals on your behalf and are they reputable?

Technology

You probably have an app or easily accessible website for all of your bank and retirement accounts. It is 2023... if a Gold IRA company hasn't set up basic technology, what might that say about their business & opinion of their clients overall?

Liquidity & Selling

It's not uncommon for excuses to surface when trying to sell-back your assets to Gold IRA companies. If it's a manual process and not an online transaction that you can do yourself, it might not be easy to liquidate or sell your assets.

Information contained on this website is for information purposes only. It does not constitute investment advice in any way. Gold IRA News & Reviews makes no representation or warranty as to the accuracy or completeness of this information and shall not have any liability for any representations (expressed or implied) or omissions from the information contained herein. Gold IRA News & Reviews disclaims any and all liability to any party for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising directly or indirectly from any use of this information.