A gold IRA allows you to own physical gold bullion while also benefiting from the tax advantages of an individual retirement account. However, this special type of IRA is not an optimal choice for most investors. For instance, you won’t find a gold IRA option at any of the largest, most reputable brokerage firms.
While some gold IRA companies are seemingly transparent about their fees, we found that on the whole they charge gold prices that run well above the average market price for gold. In our analysis, we’ve dubbed this premium “the gold bar spread.” This price premium is almost never disclosed by gold IRA companies, and it represents a hidden fee for investors.
If you absolutely must have a gold IRA, we’ve broken down the best options available to you. But please bear in mind that even the best of this bunch are not optimal choices for investing your hard-earned retirement dollars.