Many top rated gold IRA companies showcase gold IRA reviews or testimonials but smart consumers aren't likely to trust those, they want an independent review source. Lucky for everyone there is a selection of review and rating websites out there to turn to. Each one of these websites has their own benefits and operate in a unique method.
The Better Business Bureau, or the BBB for short, is one of the most trusted business rating and oversight agency on the internet. You have probably seen one of their rating stickers in the window of a store. They rate businesses based off of the number of complaints, number of lawsuits, and several other factors. This does mean that occasionally a business will slip through with an outstanding rating just because it hasnât had any complaints yet. This is why you should always use multiple sources. A score from the BBB works on a scale where A+ is the best and F is the worst.
TrustLink is another source for moderated reviews on companies. Unlike where the BBB uses complaints and lawsuits, TrustLink mainly focuses on reviews. It works kind of like a store where one star is the worst rating and five stars are the best possible rating. Reviews are fact checked for honesty and accuracy by TrustLink employees and volunteers. The more reviews a company on TrustLink the more accurate the score will be.
The Business Consumer Alliance is another source for information on a business. Utilizing information from multiple sources the BCA provides consumers with detailed information about companies such as where their offices are located, number of complaints, ratings on other websites, lawsuits, CEO names, and more. The BCA does more than just reviews, though, they help with disputes too. Their rating system runs from an F, all the way up to an AAA.
What To Ask The Best Gold IRA Companies?
Ask for a full fee schedule from any gold IRA companies that you might want to deal with. Fees are the number one place that customers get upset about. A lot of companies like to place hidden fees that end up costing the customer way more than they thought they would spend. If a company is not willing to be upfront about their fees you will want to look elsewhere.
FDIC insurance is provided by the Federal Deposit Insurance Company and while it is rare to see a company operating without it in todayâs world, it is still possible. Make sure to thoroughly vet any gold IRA company to make sure that they have FDIC insurance. It doesnât hurt if the company has additional insurance either.
Another crucial thing that a gold IRA company should be able to provide you with is proof that they are IRS licensed. The IRS license helps to ensure that they are operating within United States law. If a company does not have an IRS license there should be no ifs, and's, or buts, you shouldn't work with them. It could spell disaster for your money if you do.
Make sure to ask the gold IRA company if they have a buy back program. A buy back program means that the company will offer to buy your gold back when it comes time for you to sell it. This makes it significantly easier to sell your gold. It means that you donât have to worry about lining up a buyer.
The last factor that you should keep an eye on is the sales people themselves. People are the one major weakness of a shady company. Sales people for a shady company will be easy to spot as they will be hesitant to provide you with information that you request, will try to turn you in circles with distractions, and will be pushy about making a sale. Make sure that you spend some time interacting with the salespeople of a gold IRA company before making a purchase so that you get a feeling for how they will treat you after you have made your purchase.