How to compare gold IRA companies
Every company in this space sells the same thing: an account, a custodian relationship, and metal. What differs is price, minimum, and how they treat you. Check these five things and you'll know more than most buyers do.
1. Fees, in writing
Setup, annual custodian, annual storage. If a company won't put them on paper before you open an account, that's your answer.
2. The spread
Ask for the sell price and the buyback price on the exact products you'd hold, the same day. The difference is what the company makes. A narrow spread on common bullion is normal; a wide spread pushed through proof or "exclusive" coins is the most common way buyers overpay.
3. Minimum and buyback policy
Minimums range from about $10,000 to $50,000. A buyback policy should state the price relative to spot and how quickly you're paid.
4. Track record
Years in business, a rating you can check with the Better Business Bureau, and reviews on more than one site. Read a few of each; patterns matter more than any single review.
5. How they sell
A good specialist answers questions and lets you set the pace. Pressure to move fast, predictions about prices, or a pitch built on fear are the signs to end the call.
Questions to ask on the call
What are your three fees, and do you waive any in year one? What's the spread on your most common bullion products? What's the buyback price today? What's your minimum? How long does a transfer from my custodian usually take? Who is the custodian and who is the depository?
Any company that answers all of those plainly, in numbers, has passed the test most companies fail.