Disclaimer: We may receive compensation for referring the consumer to the companies we review on this site, such as Augusta Precious Metals, Birch Gold Group, Goldco, BitIRA, iTrustCapital and others. This is a small part of how we maintain free services for our website. Compensation and many hours of thorough research determine how each company is reviewed.
UPDATE January 2023: After reviewing multiple recent complaints from Trustpilot and other respected independent review boards, we currently do not recommend Regal Assets as an option for handling retirement account services. Our recommendation for Goldco remains intact and continued positive reviews are posted from customers regarding Goldco. We will leave the existing review in place below for historical comparison, as well as current Goldco highlights to consider.
You can add precious metals to your retirement investments by contacting Regal Assets or Goldco for help. These two organizations provide access to alternative Individual Retirement Accounts or IRAs backed by precious metals.
Regal Assets and Goldco offer a simple approach to investing you can trust. Here’s a comparison of these two options and what you can expect from these two groups.
About the Companies
The first thing to see in a Goldco review involves how the company works. Goldco operates out of the Los Angeles area and was formed in 2006 as a wealth and asset protection company. The group focuses on gold and silver sales, offering gold and silver IRAs and non-IRA investments.
Regal Assets is another California-based company formed in 2009. The group was formed to help people store gold and silver in their IRAs. The company added cryptocurrency investments to its available services in 2017.
Your Regal Assets IRA can include a combination of precious metals and cryptocurrencies. You can invest in gold and silver bars and coins, plus platinum and palladium investments are available. A Regal Assets crypto IRA can also include your choice of about twenty different currencies.
Goldco precious metals are limited to gold and silver bars and coins. Almost all the assets Goldco offers are eligible for your IRA needs. You can set up an IRA with Goldco, or you can acquire gold and silver without starting one if you prefer.
The storage standards Regal and Goldco uses for precious metals are different from one another. Regal Assets gold and other metals are stored in various vaults worldwide, including one in Dubai. You can also request your metals be sent to you, although you will have to find a separate IRS-eligible place where you can store your metals for your Regal Assets gold IRA.
As for cryptocurrencies, your Regal Assets cryptocurrency will stay in a cold storage vault where your access keys remain offline and are only accessible when you need to make a trade.
Goldco does not own a dedicated storage site for Goldco gold IRA assets. But Goldco does have a network of storage facilities where you can reserve your gold. You’ll receive the option to store your gold in one of these places based on your preference.
Charges and Minimums
The Regal Assets gold IRA fees you’ll spend will vary depending on your investment. Administration fees cost $90 each year, while vault storage costs are $125 per year.
The custodial fees for your account can increase to $240 per year with a monthly fee of 0.005% of your account holdings if you add cryptocurrencies to your IRA.
Goldco fees will also vary over how much you invest. Annual charges start at $175, and those charges will rise to $225 a year after you invest at least $100,000. The cost for storing your physical metals will vary surrounding the vault or other storage space you hire.
Goldco requires at least $25,000 in your account when starting, while Regal has a lower minimum of $10,000.
Funding Your Account
You can fund your account with either Regal or Goldco by transferring funds from an existing IRA into your new account. You can also roll over your 401(k) assets into your new IRA. Both services also support bank wire transfers to move money into your account.
How Does This Service Work?
The next part of this Regal Assets review involves looking at how you will get your account ready. You’ll communicate with an advisor at Regal to get your account ready. The work includes linking with a custodian who can set up your IRA and take in the money you want to invest.
You’ll also learn how the Regal platform works and how you can choose whatever metals or crypto investments you want to use.
Goldco reviews on how you’ll start an account with the service are also vital to note. Goldco requires you to talk with a representative to get your account ready and discuss how the platform works. You can communicate with a representative by phone or online, plus the company offers a free guide that offers details on how your gold or silver IRA can work.
Regardless of which option you choose, it will take a few weeks for you to get your account ready. The verification process for both organizations is extensive.
Both of these groups have listings with the Better Business Bureau. But only Goldco is accredited by the BBB.
The Regal Assets BBB listing shows Regal has an A+ rating, but it is not accredited. Meanwhile, Goldco has been accredited by the BBB since 2011, plus the Goldco BBB page shows Goldco has an A+ rating.
Both entities have received positive reviews from many people over the years. There are more than 1,800 positive Regal Assets reviews on BirdEye and other platforms, plus the company is on the Inc. 500 listing of most trusted companies in the country.
Goldco IRA reviews have also been positive, with Goldco having thousands of five-star reviews on Google, Trustpilot, and TrustLink. Goldco has also been featured on many prominent television programs and websites, and it also features television news personality Sean Hannity as its spokesperson.
Goldco and Regal Assets have telephone lines where you can contact these groups during business hours on working days. You can also send an email or a live chat message to either group if you have further questions.
Which Is Best?
Goldco and Regal Assets are both appealing choices for alternative IRA investing, but make sure you look at what makes these two different. Goldco is helpful for people with more money, plus it is helpful for people who want to store their metals in a secure spot.
Regal Assets is best for people with less money for investing, as the minimum to start is less. Regal also works for those who want more control over where they will store their metals. You’ll also find more metal options through Regal, plus you can benefit from Regal Assets crypto options.
Both of these options will be useful for your investing needs. Take a look at your budget for investing in metals, and see what either can do for your needs.
What is better to invest when finding precious metals, bars or coins?
Gold or silver bars are better because they have lower premiums than coins. The added cost to mint a coin will make these coins more expensive.
How long does it take for you to open a precious metals IRA?
While you can talk with an account manager to get your metals IRA ready in minutes, it can take weeks for your funds to reach your account. The timing is due to verification issues and a need to ensure all funds are legitimate.
Can precious metals hedge against a recession or another market crash?
The prices of precious metals tend to rise as stock prices decline. Since the demand for such metals drops as the economy struggles, it becomes easier for investors to buy gold and other assets. The demand for these metals will eventually rise as industrial production and the consumer market rebounds.
Risk Disclosure: Any investments, such as precious metals and crypto, come with an inherent risk, where you could end up making less money than what you put in. Before investing your hard-earned cash, be sure to speak with licensed professional financial advisor first. Always remember that past performance is not an indication of future returns.
Disclaimer: The website's owners of Cryptowealthbay.com may be compensated for suggesting certain businesses, goods, and services. While we do everything possible to verify that all of our content is accurate, the information we provide may not be impartial or unbiased, and it does not constitute financial advice.