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Best Silver IRA Companies

*We may receive a referral fee from some of the companies featured in this article. This is not a financial advice article. Refer to a professional for financial advice. Investing in silver can make for a rewarding experience. Not only will you own one of the most valuable rare earth elements right now, but you are also providing a hedge against inflation for your savings. Keep in mind that things in the market have become a bit more unpredictable for anybody’s comfort. That being said, you need the assistance of a good Silver IRA company for your activities. The question is this: which one should you choose? To make things easier, here is a guide on how to pick the best IRA companies operating in the country right now.

Top 3 Silver IRA Companies

As of now, the industry considers 4 companies to be the standard that every other IRA Company must follow or surpass. These companies possess several qualities (which shall be discussed later) and have been rated highly and consistently by their client base. As of now, the 4 leading Silver IRA companies are as follows:

  1. American Hartford Gold – Best Gold IRA Company overall and most trusted
  2. Birch Gold – Runner up
  3. Goldco – Excellent Customer Service

#1 American Hartford Gold – (4.8/5 Rating) Best Gold IRA Company overall and most trusted

This company is known for its particular brand of customer service. Availability is one of their strongest points as reviewers do point out that their customer service is online on a near 24/7 basis. Aside from being always available, the agents have been trained to be as meticulous as possible with their work while being attentive to the needs of their clients. Aside from customer service, the company is quite known also for its investor education program. Upon becoming a client, a person will be given access to free resources like weekly analysis, real-time market monitors, and investment guides. For their fees, AHG adopts a more variable system where you will pay based on the frequency of your activities. Annual fees will be computed by taking into consideration how much silver you have currently stored in your account and the type of storage you chose. Their investment minimum is a comparatively low amount of $10,000.00 and fees can be waived if your IRA purchases reach $50,000.00. Pros:

  • Rated #1 Gold and Silver IRA Company in the nation
  • 24/7 customer support
  • Low investment minimum at $10K
  • Buyback option with no liquidation fees

Cons:

  • Comparatively longer waiting times for transactions
  • No shipping outside of US territories
  • No prices listed online

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#2 Birch Gold – (4.7/5 Rating) Runner up

Operating since 2013, Birch Gold is one of several companies that offer hassle-free shipping options. Shipping is completely insured and the company ensures that your orders will be delivered either to your depositary or doorstep as quickly as possible. The rates are completely dependent on the type and size of precious metals you ordered but the fees can be waived if your purchases reach the $10K mark. Birch is also one of several companies that offer all 4 types of leading rare earth metals for clients. Not only will you get a sizeable selection of silver coins and bullion but also gold, palladium, and platinum. As for fees, Birch does require a $180.00 annual fee for storage and maintenance and a one-time $50.00 setup fee. For their minimum investment, it is recommended at a comparatively low $10,000.00. Pros:

  • Free shipping for purchases above P10k
  • Solid selection of silver products
  • Offers a promotion program for qualified first-time purchases

Cons:

  • Agents lack complete transparency when it comes to disclosing fees
  • Buyback might be offered but not always guaranteed under certain conditions

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#3 Goldco – (4.5/5 Rating) Excellent Customer Service

Based in Woodland Hills, California, this company has been providing IRA and retirement planning services since 2006. For 16 years, the company has received zero major complaints about its services and has received high ratings like an A+ from the Better Business Bureau. A strong focus with Goldco is on Investor Education. Before you could decide on either setting up an IRA or purchasing silver, you will be encouraged to go through a series of webinars where the basics of investments will be explained to you. On paper, this helps you consider your options carefully before you make a decision. They might have one of the highest recommended investments for IRA transactions right now at $50K, but this is offset by their excellent customer service. Also, a lot of their fees can be waived if you make certain qualifying purchases. Pros:

  • Strong focus on client education
  • Offers promotions for qualified first-time purchases
  • Good customer service and support

Cons:

  • Bullion options are considerably limited
  • The High recommended purchase minimum at $50,000.00

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Silver IRA: What You Should Know

A Silver IRA is essentially a type of Individual Retirement Account for all intents and purposes. What makes it different is that it allows you to store one of the most valuable precious metals in the market right now: silver. Is an IRA similar to a standard bank account? The answer is no. Unlike your typical account, an IRA is subject to stricter scrutiny from the government. The IRS, in particular, would not want retirement plans like IRAs to be an avenue for tax evasion and has imposed strict conditions before a person could qualify for one. Also, maintaining an IRA is going to be demanding financially. You can expect to spend from $150.00 to $300.00 every year for account maintenance and that does not include storage fees and other expenses that an affiliate custodian and depositary might impose. This is why a good Silver IRA would ask if you are fully committed and prepared before you decide to set up an IRA. The perks might be considerable, but what is required under the law will be demanding as well.

Is Silver a Good Retirement Investment?

Without a doubt, the answer to this question is one big YES. Not only is silver a top-performing precious metal, but it has also historically outperformed gold in some markets. One reason for this is due to its high demand combined with versatility. Also, silver might be high-valued, but it is comparatively more abundant than Gold. Various mints across the world continue to produce coins and there are countless bars still in circulation in the market. What this means is that there is still enough silver around the world without artificially driving prices up. For its price, Silver has found the perfect balance between profitability and ease of entry. It’s still valuable enough to invest in but not too expensive that a few pieces will break your bank account. Lastly, silver can make for good protection against inflation. Its demand around the world is expected to increase, which only drives values further up. With at least 10% of your investment portfolio dedicated to silver, you should have a safety net wide enough to protect the value of your earnings for years to come.

What to Look for in a Silver Company

When you think about it, all IRA companies offer the same set of perks and features. They might vary in quality or scope, but whatever services, products, and advantages that a company can offer are similar to another company somewhere else. So, what would really make a Silver IRA stand out? Here are some qualities to consider.

Informative

The company’s topmost priority when it comes to first-time clients is to inform them of what exactly they are dealing with. Things like fees, limitations, laws, and other IRA topics should be covered first before either party entertains the thought of setting up an account. This is quite important as some companies have it backward i.e. letting you decide to set up an IRA and then telling you of the expenses. And once that person becomes a regular client, the company should continue to provide assistance in every transaction. Is that coin a viable investment today? Are there changes in the storage fees? Is the market currently experiencing a downward trend? Such information will mold any investment decision, so a company must go above and beyond in informing their clientele what they should know before buying something.

Fair Marketing Tactics

In all honesty, there is not much that you can do to spin or manipulate the truth about IRAs. It’s a plan that is both an advantage and a burden for anyone. Thus, what a company should do is market its services as they truly are. You can tell that a company engages in fair marketing if they tell you everything about IRAs, both the pros and cons, at the first opportunity. Also, they don’t resort to fear-based tactics to push you towards making a decision. By being fair and truthful to their clients, the company can establish some form of trust, which will be crucial later on.

Reputable

Due to the speed with which feedback can be provided today, a disreputable IRA company is expected to not last long in the industry. One good indicator of a company’s quality is the ratings and reviews they get. An average of 4 out of 5 stars on sites like Google Reviews is the standard today along with an A+ rating from the Better Business Bureau. As for complaints, they should be infrequent or non-existent. It might seem impossible, but there are Silver IRA companies today who have been operating for a decade and have yet to receive a formal complaint about their services.

Things to Consider When Choosing a Silver IRA Company

To come to the best possible decision, you should narrow things further with your choices. Here are a few more points of consideration when looking for an IRA company.

Track Record and Reputation of the Company

Pick a company that has received no complaints about its work for several years and has received consistently high ratings from agencies like the Better Business Bureau. Also, be mindful of what the reviews are actually saying as this will tell you where the company is strongest.

Upfront and Reasonable Individual Retirement Account Fees

Since there is no going about the fact that maintaining an IRA is going to be expensive, you would rather do business with a company that is completely transparent with you as far as fees are concerned. They should be able to disclose to you how much their plan is, and give a detailed breakdown at the earliest opportunity. It won’t matter if the total annual cost is $150.00 or $1,500.00. What matters is that they can justify what they are charging you for.

Silver Storage Safety

The security of your silver should be the topmost concern of the company. Regardless if you choose segregation or non-segregation, the level of security for the vault in their depositary facility must be top-notch. Insurance will also come into play here as a good Silver IRA company must be ensured for at least $1 billion. This way, their clients can be indemnified in case the worst were to happen.

Generous Company Buyback Policies

The company should have, at least, a buyback policy where you can sell your silver back to them. What you should be on the lookout for is the pricing for the buyback. It should either be the price you originally bought them for or the most recent market value, whichever is higher at that moment. Also, be mindful of liquidation fees. A good company should be upfront if they charge you for a buyback option or do not charge for such at all.

Sincere “Trust Signals” from the Provider

Can that company be trusted to handle your IRA? Trust is hard to build, especially with a service like a retirement planning. Thus, a good company establishes this trust at the first given opportunity. Being upfront with the costs is a start. This can be further built by providing for what the client needs and assisting them in every transaction they make. Again, reviews are your primary source for determining if a company is sending trust signals. If all reviews point out above average to excellent customer service, then that company might be trustworthy enough to handle your savings.

Deep Silver IRA Expertise Exhibited by the Provider

Lastly, a company should approach the experience of having an IRA from a purely objective standpoint. They should tell you exactly what to expect if you have an IRA, from the perks to the obligations, and especially the penalties. A good company would even discourage an applicant from setting up an IRA if they do not meet the requirements. An understanding of how IRAs work and can impact you will help a company guide you towards making the best possible decision.

Final Thought – Best Silver IRA Companies

Out of all the four options, the best one would have to be American Hartford Gold. Aside from possessing the hallmarks of a good company such as a diverse product line, extensive investor education, reasonable fees, and promotions for first-time purchases. However, where AHG stands out more is its focus on customer service. Think of it this way: every other company will offer the same variety of products, education, promotion, and low fees. However, what an investor needs more is a company that provides the best possible customer experience. Professionally-trained staff who are meticulous with their work is a good start, but AHG takes it further by ensuring that you always have the support you need regardless of what time your need arises. By ensuring that your experience with the company is consistently good, AHG has the best chance of helping you come up with smart investment decisions.

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