As I searched on the web I noticed there were quite a few of what I would call newcomers. Of course, because a company is new does not mean they are not worth considering. But they should have references about the persons behind it in the least so you can verify the business’s legitimacy. If there are no names of individuals with their background, I personally would write them off. If they are looking for me to trust them with my money they should be able to equally take the risk of offering their background to me.
Once I nailed down a few different business I wanted to work with it came down to cost and services. Cost is always important and should be considered seriously. However, the services offered are going to be something you have to live with. Be sure that they provide statements and reports. Recently, the growth of this business has pushed them to offer valuation of your investment as well. This makes life easier for those of us who are running around trying to make a living.
I finally did open an account with one of these firms. The process itself was relatively simple. The people I worked with were very accommodative and helpful in every way. In fact I had more problems moving my money out from the fund which held the original 401k than with the new company opening my self-directed IRA.
In the end, if you have decided to invest in gold or silver with your retirement money, as I have, it is not too difficult. There are many good firms that make it easy. Here at BullionVault we recently started to provide a list of both custodians and administrators that are well recognized for self-directed IRAs and work with us on a regular basis.
We cannot guarantee or recommend any one company but we offer this list of gold IRA custodians and administrators as a starting point for your own personal research. It should save you a lot of the legwork.
This article was originally written by Miguel Perez-Santalla.