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Best Gold IRA Conversion Companies

Updated on August 30, 2013

IRA investing - open an IRA account with gold

Ever heard of Lexi Capital, Merit Financial, Goldline, Rosland Capital, or Capital Gold Group? They’re some of the best IRA companies around, so if you want to open an IRA account, you might want to get to know these IRA companies better. If you have a traditional Individual Retirement Account, perhaps you’re considering funding the IRA with gold. If you’ve been keeping up with the price of gold, you know that it’s been steadily increasing and is at record highs presently. Gold is a great hedge against inflation, huge national debt, and political unrest, so many investment experts recommend including precious metals like gold in your investment portfolio.

If you’re thinking about investing in gold but still want the tax benefits provided by an IRA, you can have the best of both worlds by converting your Individual Retirement Account to a gold-backed IRA. There are two ways to go about this: by buying physical gold, or by purchasing gold stock.

Buying gold

Not all financial institutions are equipped to handle a gold IRA or precious metals IRA investing, so your first step will be to find a reputable company that specializes in gold retirement accounts. If you already own gold, that gold cannot be used in a gold IRA. Per IRS regulations, the gold you purchase for funding an IRA must be either U.S. Gold Eagles, American Buffaloes, Australian gold nuggets, Canadian gold maple leafs, or gold bullion bars that are at least 99.5% pure.

Your physical hold must be kept in an approved depository. Your IRA custodian can give you more information about which gold depositories they use. You’ll be responsible for paying custodial and maintenance fees for storing your gold safely, and the gold will be held by the depository for the complete term of the Individual Retirement Account.

Buying gold is not as risky as buying gold stocks, but the return might not be as large as that with gold stocks.

Buying gold stock

This type of investment is called an “index investment,” and the process to convert an IRA with this type of gold IRA investing is usually easier than it is for funding an IRA with actual gold commodity. Such index investments might be in a company that mines gold or in one that processes gold.

Some Individual Retirement Accounts can include stocks for funding an IRA. If you have one of these types of retirement accounts, adding gold stock is relatively simple. Your broker can take care of the trade requests for you, and much of the transaction can be completed online.

If your IRA does not allow for the holding of stocks, you’ll need to open an IRA account that does. Be sure to choose IRA companies or administrators with experience in handling IRA investing with gold stocks.

IRA investing with gold stocks has the potential for higher returns than actual gold does. The risks, however, are greater, too. With mining stocks, the unforseen can always happen. Operational costs can increase unexpectedly, the quality or the amount of the ore deposits can be calculated incorrectly, labor issues could occur, and there could be poor management, in general.

Which are the best gold IRA conversion companies?

Both traditional IRAs and Roth IRAs can include gold and other precious metals. You’ll have to decide which type is best for your unique situation. For some individuals a traditional gold IRA would be better, while for others, a Roth gold IRA would make more sense.

There are several IRA companies with a great deal of experience handling gold IRA conversions. Of course, some are better than others. What you want to look for is IRA companies with experience, knowledge, and integrity, and one that provides the easiest and safest transactions available. Since a good working relationship is largely about trust, you also want IRA companies that implement transparency in their dealings.

Among the best IRA companies for handling gold IRA conversions are Lexi Capital, Merit Financial, Goldline, Rosland Capital, and Capital Gold Group. All these companies enjoy excellent reputations, so they’d be a good place to start with your gold IRA conversions. If you want to open an IRA account that’s backed by gold or other precious metals, working with one of these IRA companies should provide you with confidence. And remember – it’s never too early to open an IRA account.

Open an IRA account with gold.
Open an IRA account with gold.


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    • Certified Gold profile image

      Certified Gold 6 years ago

      Nice job habee! Love your Hubs always intresting to read. Thank you!

    • habee profile image

      Holle Abee 6 years ago from Georgia

      Thanks for reading!

    • professorsclub profile image

      professorsclub 6 years ago from Nigeria

      yeah is educative

    • profile image

      jamilmalik 6 years ago

      If you are willing to spend $20 on head phones then look no further than the Sony MDR-V150 Studio Monitor Stereo Headphones. I have been using this head phones for a 6 months now and I believe these head...

    • habee profile image

      Holle Abee 7 years ago from Georgia

      Quildon, you can always start investing in gold with gold coins. Some come in smaller weights.

      Same to you, HH! Yep - in another couple years, I'll be a millionaire!

    • habee profile image

      Holle Abee 7 years ago from Georgia

      Onceuponatime, what a great idea!

      De Greek, it's all we have for now! lol

    • Hello, hello, profile image

      Hello, hello, 7 years ago from London, UK

      Holle, Happy New Year, and I didn't know you earning that much on hubs.

    • habee profile image

      Holle Abee 7 years ago from Georgia

      Melinda, thanks for the tip!

    • profile image

      quildon 7 years ago

      Very usefu hub, habee. How much are we looking at to start investing?

    • De Greek profile image

      De Greek 7 years ago from UK

      So we are reduced to this are we? Meeting on hubs about bullion????


    • onceuponatime66 profile image

      Jackie Paulson 7 years ago from USA IL

      This past summer a friend told me all about how to find little gold that is real in jewelry and I ended up going to yard sales and getting it cheap. After having so much found I sold it and got money for it. Gold is up. Silver is down. Great job, Happy 2011

    • msorensson profile image

      msorensson 7 years ago

      Wow..well done Habee!!

      Happy New Year.

      Oh, I want to add that there is a bank called everbank. It is run by Agora Financial and people can buy gold stocks there too.

      Happy New Year.