Choosing the right gold or precious metals company to invest with can be extremely difficult unless you know what to look out for. By knowing how to properly investigate each firm and reading the gold IRA reviews you will learn how to ask the right questions, which will make the whole process a lot less difficult.
Keep in mind that getting a good deal and having all the features you need are important when investing with gold companies. The last thing you want to happen is to end up paying more for a poor level of service that barely meets your level of standards.
How We Rate and Review Dealers
If you’re looking to rollover your IRA or 401k into gold, its best to check several options before you make a decision. It’s important to get the proper financial education so you can avoid any scams while getting the best service for the lowest cost.
When reviewing gold IRA companies its critical to compare the ratings and reviews by looking at independent authority sources. We look at the scores given by using 4 independent rating sources that include the Better Business Bureau, Business Consumer Alliance, TrustLink and Ripoff Report.
Using these sources is a great way to start your due diligence process.
After gathering all the information, choose a few companies and call them to ask about prices, fees and what types of investment options they have available. By following this process, it will insure that you pick the perfect gold IRA firm that exactly suits your needs.
1. Better Business Bureau
The Better Business Bureau or BBB is a non-profit organization that recognizes the need of people to find a trustworthy business to work with. Ever since its inception, the BBB has provided billions of reviews on businesses.
Furthermore, it mediates between businesses and consumers in handling disputes while working towards settling them accordingly.
Businesses are rated from A+ to F, and there are several factors that affect the rating. In case the business does not reveal any piece of information, the BBB gives a rating of NR (Non Rated).
In order to be recognized be the BBB, the business needs to meet 8 standards that will make it eligible for accreditation.
2. Business Consumer Alliance
Since 1928, the Business Consumer Alliance or BCA has been ensuring business self-regulation by making sure that complaints of customers are resolved.
A structured system is set in place to evaluate various aspects of the business, and the BCA rates the company or business in question from AAA to F. This way, customers will be able to identify a reliable company from one that is not trustworthy.
Essential details about the company are obtained from a number of sources including the BCA file. Other pieces of information are gained from complaints filed by customers, or pertinent sources such as licensing and regulatory agencies.
Factors considered in rating a company include complaint volume, response to filed complaints, compliance with requirements for licensing, and length of time in the business, to name a few.
The BBB founded TrustLink back in 2008, and it served as a forum for consumers to express their complaints and feedback on businesses they have dealt with.
What’s unique about TrustLink is its open structure, so consumers can simply post reviews and communicate with other people without the need to pay any membership fees. At present, there are about 100,000 reviews posted by consumers to the site with almost 1 million businesses listed.
Once a business receives the TrustLink Verified Review label, this means a customer has provided a review on a company after interacting or working with it in the past. Without this label, this may mean that there are no verifiable pieces of information on the business.
4. Ripoff Report
Ripoff Report was founded by Ed Magedson back in 1999 to prevent consumers from being lied to, mistreated and scammed by dishonest people. This website focuses on consumers complaints about businesses.
However, there is no guarantee that all of the reports provided are accurate, so it is still up to potential customers to evaluate and assess the reports. Yet, you can be sure that all of the complaints are unedited and available for public viewing, as this allows people to decide whether they should choose the company, business or individual they are looking to deal with.
Top Gold IRA Companies and Bullion Dealers
Birch Gold Group
New Direction IRA
Which Company Do We Recommend?
After considering the customer reviews and ratings provided by established and credible organizations, it is evident that Goldco remains as the best gold IRA investment company in which you can trust.
The BBB has rated it A+, an excellent rating of AAA from the BCA and a 5-star rating from TrustLink based on 777 reviews from actual customers. Although there were 2 previous cases filed at Ripoff Report against Goldco, there are recent customer reviews that are all-praises about the company.
Most importantly, Goldco does not charge any fees for rollover and transfer, and shipping is guaranteed in less than 7 business days. During the first year, there are no charges for admin and storage fees, as well.
These all contribute to an excellent working relationship that you can count on from a credible and highly recommended investment firm.
I’ve been a financial retirement planner for over 30 years and have been investing in gold, silver and other alternative investments since 2008. When I’m not spending time with my wife and 3 beautiful children, I am learning more about new emerging technologies such as the blockchain.