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Gold individual retirement accounts can be a good choice for investors looking for stability or diversification.

“It’s important to have assets that behave differently during various economic conditions in your portfolio to help keep your savings steady,” says JB Beckett, founder of Beckett Financial Group in West Columbia, South Carolina.

To find the best gold IRAs of 2024, we reviewed more than 20 firms on the services they offer, their account minimums and their fees. From that list, we narrowed the selection to seven companies that represent the best the industry has to offer.

Our Picks for Best Gold IRAs

Compare the best gold IRA companies

GOLD IRA COMPANYBBB GRADEACCOUNT MINIMUMINITIAL PURCHASE REQUIREMENT
A+
$0
$0
A+
$2,000
$2,000
A+
$0
$10,000
JM Bullion
A+
$0
$0
Patriot Gold Group
A+
$25,000
$0
Monetary Gold
A+
$10,000
$10,000
Preserve Gold Group
A-
$20,000
$25,000

Methodology

We have reviewed and researched some of the largest online brokerages in the U.S. to rank the best ones on the market today.

For our rankings, we sent a digital survey, consisting of more than 20 queries, to each company that we reviewed. Our researchers verified the survey data and confirmed any missing data points by contacting each company directly and via online research.

Among the brokerages considered, the seven that made our list excelled in areas across the nine major categories (with weightings): BBB grades of a B or higher (30%), account requirements (10%), transparency (5%), price (15%), customer service (10%), features (15%), gold selection (10%), silver selection (2.5%) and platinum selection (2.5%). For cases where no pricing info was available, those companies received a score of 0 for that category.

  • Within each major category, we considered several subcategories, combining them to give an overall score for that category, which we then weighted to calculate an overall ranking of the companies.
  • Data points were scored on a 0.00 – 1.00 scale. The top raw score was 0.9, curved to a 5-star rating as the highest possible score.

Why other gold IRA companies didn’t make the cut

We chose these top gold IRA companies based on their industry expertise, account and purchase minimums, fees, and customer service. Other companies that didn’t make the list fell short in one or more of these areas. For instance, we only considered companies with at least a BBB rating of B.

We also called every company to speak with a customer service representative. Some were unable to answer our questions or were more interested in pushing consultations than assisting.

Final verdict

Based on our research, JM Bullion is the best gold IRA provider. After reviewing its services, it isn’t surprising JM Bullion is consistently recognized as one of the fastest-growing companies.

JM Bullion doesn’t impose account minimums or charge transaction fees, which is more than can be said for the majority of gold IRA providers. It also offers a range of products, including gold coins and bars, plus other precious metals.

We were impressed with our customer service interaction at JM Bullion. The representative listened patiently and answered most of our questions directly.

JM Bullion is a strong choice if you’re interested in opening a gold IRA.

Frequently asked questions (FAQs)

A gold IRA company is a business that helps you invest your IRA savings in physical gold. These companies partner with various custodians and storage facilities to help you keep your physical assets, per IRS rules that require the products to be sent to an approved IRA depository.

Gold IRAs are self-directed, meaning you’re responsible for managing the account by choosing investments. Some gold IRA companies provide guidance and investment advice. But it’s important to ensure you work with a licensed investment professional before acting on any guidance. An alternative to a physical gold IRA is to invest in gold exchange-traded funds or mutual funds, which professionals manage.

Yes, you can choose your own gold IRA custodian. Some gold IRA companies partner with multiple custodians to give customers the choice of where to keep their assets. Alternatively, you can bypass the gold IRA company and open an account directly with the custodian.

Yes, you can roll over a 401(k) into a gold IRA. Some firms charge fees for the process, but there should be no tax consequences unless you withdraw money from the 401(k) without putting it into the IRA.

Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.

Blueprint has an advertiser disclosure policy. The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider’s website for the most current information.

Coryanne is an investing and finance writer whose work appears in Forbes Advisor, U.S. News and World Report, Kiplinger, and Business Insider among other publications. She discovered her passion for personal finance as a fully-licensed financial professional at Fidelity Investments before she realized she could reach more people by writing.

Stephanie Steinberg has been a journalist for over a decade. She has served as a health and money editor at U.S. News and World Report, covering personal finance, financial advisors, credit cards, retirement, investing, health and wellness and more. She founded The Detroit Writing Room and New York Writing Room to offer writing coaching and workshops for entrepreneurs, professionals and writers of all experience levels. Her work has been published in The New York Times, ӣƵ, Boston Globe, CNN.com, Huffington Post, and Detroit publications.

Hannah Alberstadt is the deputy editor of investing and retirement at ӣƵ Blueprint. She was most recently a copy editor at The Hill and previously worked in the online legal and financial content spaces, including at Student Loan Hero and LendingTree. She holds bachelor's and master's degrees in English literature, as well as a J.D. Hannah devotes most of her free time to cat rescue.