Full Disclosure: The review you are about to read is based on our many hours of research. We feel very strongly that you should make your investment decisions based on the company that aligns with your individual investment goals.
In doing this research, we have compiled a list of the top 5 gold investment companies. We hope that one of them meets your needs. Each of these companies boasts excellent reputations and outstanding customer reviews.
>> Click Here for our list of the Top 5 Gold Investment Companies <<
See if Birch Gold is on our list or continue reading this review to see if they are the right company for you.
About Birch Gold
Birch Gold specializes in self-directed IRAs (SDIRAs), unique retirement accounts permitted by the IRS to hold tangible assets such as gold and other precious metals. These accounts are often referred to as "gold IRAs" or "precious metals IRAs."
Regardless of the terminology, these accounts allow investors to legally establish retirement accounts containing IRS-approved precious metals, including gold, silver, platinum, and palladium bars and coins.
While many precious metals investment companies only offer silver and gold, Birch Gold Group provides a full range of all four precious metals. Few competitors offer palladium or platinum.
It's important to note that traditional IRAs, 401(k)s, SEPs, and similar retirement accounts are not legally permitted to hold precious metals.
This distinction makes SDIRAs particularly special, as they allow for the inclusion of metals, which is the core of Birch Gold Group's services.
Most banks and IRA custodians do not handle tangible assets, so to set up a gold IRA, you need a company like Birch Gold that sells, stores, and helps legally establish SDIRAs that include metals.
Additionally, Birch Gold Group's professional team assists investors in creating new IRAs or rolling over existing IRAs, SEPs, or 401(k)s into a gold IRA.
The Better Business Bureau gives Birch Gold an A+ rating and the Business Consumer Alliance gives them an AAA rating. They have also received many 5-star reviews from satisfied clients as well.
Educational Resources
Birch Gold believes it is important to be well-informed about your investment options so that you will be empowered to take control of your financial future.
Education is a core value of the company. They want you to be educated on the benefits of precious metals as well as the pros and cons of specific products.
They have various guides to help you recognize investment schemes, investment scams, and videos and articles to learn about precious metals.
You can view these resources at your discretion, working through the information at your own pace. Additionally, account specialists are available to answer any questions.
IRA Services
Birch Gold Group places significant emphasis on their IRA services. By opening a self-directed IRA, you can invest in alternative assets such as real estate, cryptocurrency, and precious metals. However, the initial paperwork can be daunting, and there are strict guidelines regarding the assets you hold.
Their precious metals IRA specialists simplify this process. You’ll receive assistance from a dedicated account representative who will guide you through the paperwork and help you get set up with your custodian. Once your account is fully funded, they’ll assist you in finalizing your precious metals purchase.
The Birch Gold Group website provides clear information about the fees associated with these services. A minimum investment of $10,000 is required, though you can invest more if desired. For cash purchases outside of an IRA, a lower minimum threshold may be possible.
A basic setup fee of $50 covers the cost of assistance with paperwork. Each precious metals purchase incurs a $30 bank wire transfer fee.
The custodian and storage depository will charge annual fees which are paid directly to them and not to Birch Gold. These fees typically amount to $100 a year per custodian and depository.
If you invest $50,000 or more in your new account, Birch Gold Group will cover your first year of fees, including the wire transfer, setup fee, and custodian and storage fees. After the first year, you will be responsible for paying the annual fees.
One of the custodians charges flat-rate fees rather than percentage-based ones, so you won’t incur higher costs as you add more assets to your account if you choose that one.
Non-IRA Precious Metals
Birch Gold offers a varied selection of coins, bullion bars and collectible rare coins with numismatic value for investors or collectors interested in purchasing physical gold and silver this way.
Some of the numismatic coins to choose from are Morgan Silver Dollars, Liberty Head coins and Gold Indian Head Eagle coins.
Since this type of gold and silver are not IRA-approved, they can be shipped to you directly or to your chosen storage depository.
How to Set-Up a Gold IRA
The Birch Gold Group website provides valuable information on opening a Precious Metals IRA and purchasing precious metals.
To start, you need to create and fund an account with a minimum investment of $10,000. This amount can be rolled over from existing retirement accounts such as an IRA or 401(k) without penalties.
Next, you’ll select a custodian and complete the application paperwork. An IRA custodian is an IRS-approved institution responsible for managing your account paperwork, ensuring compliance with tax regulations, and executing your transactions.
STRATA Trust Company and Equity Trust Company are two of the IRS-approved custodians that Birch Gold primarily uses. They both have excellent reviews, including an A+ rating with the Better Business Bureau. You can, of course, choose to work with any other approved custodian.
Once your account is funded, the next step is for you to choose which precious metals to purchase in consultation with your Precious Metals Specialist. They will discuss your financial goals and concerns, then recommend IRS-approved products that align with your long-term objectives.
Precious metals must meet IRS purity standards to be placed in an IRA, and coins must be from an IRS-approved list. Your Birch Gold Group specialist will guide you to items that meet these requirements.
After selecting the metals, you’ll confirm the price with your Specialist, complete the necessary paperwork, and make a payment. Once the payment is received, the metals will be shipped to your chosen depository which is in essence, an IRS-approved storage facility.
The IRS requires that physical precious metals held in an IRA must be stored in a depository to ensure that they are properly stored and secured. Birch Gold partners with the Delaware Depository, Brink's Global Services, International Depository Services and Texas Precious Metals Depository.
When the metals arrive at the depository of your choice, the custodian will secure them in your vault. Your custodian will also provide account statements and updates on the value of your holdings.
Throughout this process, your precious metals specialist will be available via email or phone to answer any questions. You’ll continue to work with the same specialist for future purchases or inquiries.
Many customers praise Birch Gold Group for their smooth IRA process. They report excellent customer service and a hassle-free experience in opening and funding accounts, often noting improved satisfaction after switching from other companies.
Special Promotions
You can get up to $10,000 in precious metals for free when you make a qualified purchase. You need to check with a Precious Metal Specialist to see if this offer is still available since it is for a limited time.
Also, on IRA transfers over $50k the annual fees for the first year will be waived.
Buyback Features
Birch Gold Group recognizes the importance of security and confidence in your investments. To address this, they provide a top-tier buyback program at competitive prices, a feature not commonly found with other gold dealers.
Their buyback program empowers you to retain control over your investments, offering the assurance that you can sell your gold whenever needed without hassle. This guarantees that your gold remains a reliable investment, even during challenging times.
Final Thoughts
If you're thinking about allocating part of your retirement savings to precious metals, Birch Gold Group is a highly reliable option. The company is endorsed by conservative commentators and has garnered positive feedback from hundreds of satisfied customers online.
Consumer watchdogs such as the BBB rate them an A+ and Business Consumer Alliance rate them AAA. Customers frequently commend the company for its superior service and educational resources. Many have reported switching to Birch Gold Group after unsatisfactory experiences with other firms, ultimately finding great satisfaction with their new choice.
Like any large organization, Birch Gold Group has received occasional complaints. However, they are proactive in addressing these issues, with most complaints resolved to the customer’s satisfaction. The majority of these issues seem to be due to misunderstandings rather than any dishonest or unethical behavior.
In conclusion, Birch Gold Group is our #1 recommended option. With a minimum investment requirement of $10,000, it is more accessible than some of its pricier competitors, and its reputation for customer satisfaction is outstanding.
Don't forget to checkout our top 5 companies before investing!
>>Click Here for our Top 5 Companies List<<
We hope this helps with your investment decisions!
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