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When considering how you can protect your financial future with a retirement account or simply checking your investment options, you might find yourself interested in precious metals. But when you want to invest in precious metals, there are overwhelming regulations and paperwork you have to consider. There are also different scams in the industry that can affect you.
That’s why you should consider the best gold IRA company in the industry. These companies help you out with the paperwork, purchasing and investing in gold, and opening an IRA. Goldco and Noble Gold are two major companies that provide precious metals and gold IRA services.
Both companies provide different precious metals services with solid industry reputations. They also have similar fee structures, depository options and custodianship. It’s best to compare both companies and choose the one that is best for you. Let’s take a closer look at Goldco and Noble Gold.
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About Goldco
Goldco is a highly reputable company in the precious metals industry, and it features customers all over the US. Goldco’s services involve setting up and diversifying your IRA, and it has been sponsored by different celebrities, including Sean Hannity.
The company was established in 2006 and had extensive experience in precious metals IRAs. Goldco also allows you to invest in physical precious metals using cash. Most of the products are silver and gold, but occasionally, they add platinum and palladium to the inventory. Goldco also educates its investors.
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About Noble Gold
Noble Gold is a relatively new company in the precious metals industry and has been operating since 2016. It was founded by two experts who had worked at Regal Assets before moving to create their own company.
Although Noble Gold is newer than Goldco, it has gained a positive reputation among precious metals investors. It has received mostly positive feedback from past customers and is accredited by the Better Business Bureau. The company is known for their Royal Survival Packs.
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Differences Between Goldco and Noble Gold
Goldco and Noble Gold operate in a similar way as they are in the gold industry. They both help their customers open retirement accounts to hold precious metals and also to hold precious metals in cash. They also feature a decent reputation online and great customer service. Let’s take a closer look at the two companies and their differences.
How to Get Started
Goldco and Noble Gold offer easy ways to get started, but you get more information with the latter than the former. When you sign up on Goldco, you get a specialist that will help you with the paperwork. Their customer service is detail-oriented, so they also talk to your custodian and coordinate with your depository. Goldco works with Equity Trust, which is a reputable IRA provider in the US.
On the other hand, Noble Gold does not offer a lot of information on the custodian that they are using. You can fill out the information on the website to set up your account, but you will have to contact the representative to know more.
Services Offered
Goldco offers different services, including precious metals IRAs, direct purchases of precious metals, IRA rollovers and transfers, and crypto IRAs. There are different gold and silver products, including gold and silver bars and coins like American Eagles, South African Krugerrands and Canadian Maple Leaf. Also, there are specialty coins like the Austrian Philharmonic and Gold American Buffalo.
You can open an IRA with their custodian, which is Equity Trust, or choose your own custodian. Some of their products cannot be held in an IRA since they are numismatic collectibles. You can purchase these with cash, and you won’t have to worry about the IRS regulations.
As for Noble Gold, the company offers precious metals IRAs and allows you to purchase them in cash. You can rollover or transfer your IRA. One of their unique services is the Royal Survival Packs, which is a way to invest in precious metals on a budget. You will choose an investment tier and get a pack of coins and bullion that meets your price. It can be easily liquidated in the case of an emergency.
You can invest in gold, silver, platinum and palladium bars when working with Noble Gold. There are gold and silver coins like American Eagles, Canadian Maple Leaf, and South African Krugerrands. There are specialty coins, too, like Gold American Buffalo and Australian Kangaroo,
Fees and Minimum Amount
Another thing to consider is the fees that you will pay when working with Goldco and Noble Gold. You will need to pay custodian fees, maintenance fees, and depository fees to the companies. Both of them have flat fee structures, but for Goldco, it depends on the custodian you choose.
The minimum investment amount at Goldco is $25,000, which is a bit high. But, if you invest over $25,000, you won’t have to spend any money on your storage fees. On Goldco, you will pay a flat annual service fee of $80. This includes the IRA account set-up fee of $50 and the wire fee of $30. For maintenance, the fee is $100. You will also pay for storage, which is $100 for non-segregated and $150 for segregated.
Noble Gold has a pretty simple fee structure, with an annual administration fee of $80 and a one-time account set-up fee. The fee is waived for investments over $50,000. The minimum investment account is $2,000, which is much lower compared to Goldco. For the Royal Survival Packs, the minimum tier is $5,000. As for storage, it depends on the facility and vault, but it usually goes for $150 per year.
Online Reputation
When it comes to investing in precious metals, it’s important to choose a company that is reliable and has a good reputation.
In terms of Goldco, it is one of the most popular gold investment companies with tons of online feedback. It features a 4.8 rating on Trustpilot, a 4.8 rating on Consumer Affairs, and a 4.8 rating on Trustlink. It also has an A+ rating from Better Business Bureau. Whenever there are complaints online, the company works fast to resolve the issue.
On the other hand, Noble Gold doesn’t have a lot of ratings online, but the reviews that are available are mostly positive. It features a 5-star rating on Trustlink, Consumer Affairs and Facebook. It is hard to find negative reviews online, but the small number of reviews is troubling. Also, the company has been accredited by the Better Business Bureau.
Customer Service
Both Noble Gold and Goldco also offer top-notch customer service to their end users. Goldco is widely known for its exceptional service, especially since it features a robust educational section where you can find information on news and articles on the precious metals market. On the website, you can learn how to buy gold and invest in an IRA.
Every customer on Goldco is given a dedicated representative, which makes it easy to develop a personal rapport and help with paperwork and other details. The company sticks to its policies, and most customers have praised their service for being of high quality.
Noble Gold also offers personalized customer service, as they assist you in opening an account from the beginning. Their experts will fully help you with the rollover process. Their customer service is highly efficient, responsive, friendly, and reliable.
Noble Gold might have smaller reviews when compared to other companies, but there are no complaints about the quality of their customer service. You can contact their customer service through the website or phone.
Depository and Storage
As for storage, Goldco works with diverse depositories around the United States. This allows you to store your precious metals anywhere you want. With International Depository Services and Brinks Global Services, you can store your metals abroad too. The Delaware Depository allows you to store your precious metals in different places in the US.
On the other hand, Noble Gold has very limited storage options. You can only store your gold in their depository in Texas, so it is not ideal for those that want to keep their gold or other precious metals abroad. There is only segregated storage available, which goes for $150 annually.
Who Wins Between Goldco and Noble Gold?
Goldco and Noble Gold have amazing reputations in the precious metals industry, whether it is to open an IRA or invest in physical metals. While both are reliable companies that you can work with, the better option is Goldco.
Goldco is a top company that you can invest in, as it offers superb customer service and is good at communicating with customers. It also does great in terms of ease of use, as it features a simple set-up compared to Noble Gold.
Goldco also has a great reputation, with tons of positive online reviews from previous customers. The company also handles negative feedback well by fixing complaints immediately after they are posted. Goldco also has a wide selection of products that you can purchase, including gold, silver, palladium and platinum.
One of the main downsides of Goldco is their minimum investment rate which is pretty high. If you don’t have the minimum amount of $25,000 to invest, then you won’t be able to use their services. If you’re on a tight budget, you should go for Noble Gold instead. With the minimum investment amount of $2,000, you can open your IRA or invest in physical gold. Noble Gold also allows you to purchase Royal Survival Packs, which can be easily liquified in the case of emergencies.
Alternative Gold Companies
If you’re not sure about using Goldco or Noble Gold for your investment, there are other alternatives that you can consider. We recommend the companies below for your investments:
Augusta Precious Metals (WINNER)
Augusta Precious Metals is a highly experienced precious metals investment company that has received mostly positive ratings and an A+ rating from the Better Business Bureau. The company is known for its amazing customer service, with lifetime account support, one-on-one sessions and customer education. These experts help you with your IRA paperwork.
When working with Augusta, you can invest in a gold IRA or purchase physical gold. They partner with Equity Trust for their retirement accounts and provide a gold buyback service. The main downside of investing with this company is the minimum investment amount which is $50,000.
Another alternative gold investment company is American Hartford Gold, which features a minimum investment amount of $5,000. The company was founded in 2015 and has been endorsed by different celebrities. With the low minimum investment amount and the positive reviews online, it’s a great choice for anyone with a budget.
Also, American Hartford Gold will waive its fees for the first three years when opening a gold IRA. This means you get free maintenance, insurance and storage. The company offers gold and silver IRA, bullion, coins and bars. There is also a buyback program with no fees involved, and you get a quote based on the spot price of the precious metals.
Final Thoughts
If you’re wondering which company you should use between Goldco and Noble Gold, it’s best to check your budget and the precious metals services that they offer. Both companies are known for their reputation and quality service. You can also receive top customer support from the moment you sign up. You can contact the companies to know the one that is ideal for your investment plans.
