|BCA Accredited Rating||N/A|
|BBB Accredited Rating||A+ (On a scale of A+ to F)|
|IRA Transfer Process||7-10 days|
|401(K) Rollover Process||21-28 days|
|Metals Delivery||7-10 days|
|Setup Fees||Depends on custodian selection|
|Annual Admin Fees||Depends on custodian selection|
|Annual Storage Fees||$150|
|Preferred Custodian||Equity Institutional,GoldStar Trust Company,New Direction IRA,Provident Trust Group,NuView IRA,Sunwest Trust,American Estate & Trust,Self Directed IRA Services,The Kingdom Trust Company,Next Generation Trust Services|
|Min Purchase Amount||Not Disclosed|
|Physical IRA Application|
|Digital IRA Application|
|U.S. Mint Listed Dealer|
When you choose to invest in a Gold IRA, it is often best to seek out a solid, well-established company. While Gold IRAs are relatively young in financial terms, some of the companies that help to fund or maintain these instruments have quite a long history. One of these companies, Kitco, has a strong reputation in the field. Deciding whether its reputation is enough to earn your business, though, is something that you must decide for yourself. After all, a long history does not always an industry leader make.
Kitco, based out of New York, is a major retailer in gold and other metals as well as a provider of refining services. The company is best known for selling precious metals, namely gold, and for purchasing those same metals for cash. While Kitco maintains a partnership with several Gold IRA companies, it does not offer those services itself. Instead, it partners with these companies to provide the metals themselves. This organization is not officially registered with the Better Business Bureau, but does retain a rating of A+. With offices in Montreal and Hong Kong as well as New York, it is a truly international organization with a good reputation around the globe.
Kitco’s biggest advantage is strongly tied to its age. As the company has been around for over three decades, it is quite easy to look at its record of success. This also means that fears about scams and shady practices are much easier to set aside, as the lengthy history of this company has already put to rest most concerns. One of the more unique features of the organization is its comprehensive pricing displays. If you are the kind of investor who needs to know the value of your precious metals in an instant, the organization’s website will give you all the information that you need.
As with most companies, there are concerns surrounding Kitco. There are relatively few customer complaints lodged against the company, but the most concerning tend to be lodged in relation to advertising – the company might not always live up to its promises. More concerning are issues related to customer service. While the metals company does feature some level of support, it fails to deliver on some of the more modern conveniences that many now expect. Indeed, the lack of chat support available is actually quite unexpected from the company, and it can keep its customers from getting the answers that they need in a timely manner.
Kitco is a good company, and certainly one that is well-established. It is not, however, the best company with which one can set up a Gold IRA. The offerings are often impressive, but the lack of available guidance for new investors makes the company less than appealing for many. Coupled with the lack of true expertise in the Gold IRA field, and most would feel more comfortable looking at one of the other top recommendations. There are many great companies out there, and you deserve to let your retirement funds be managed by the best. Feel free to check out our top recommendations at the homepage now.
Kitco Commercial Video
Kitco Website Monthly Visitors
|Address:||620 Cathcart, Suite 900Montreal, Quebec, H3B 1M1|