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Best Silver IRA Companies in 2023

Are you considering investing in a silver IRA? As the year 2023 approaches, it’s important to know which companies are the best for your investment needs. With so many options on the market, it can be overwhelming to choose the right one.

That’s why we’ve done the research for you and compiled a list of the top-rated silver IRA companies for 2023. When evaluating these companies, we looked at several factors such as customer service, fees and costs, investment options, and company reputation.

It’s crucial to have a comprehensive understanding of each of these elements before making any decisions about where to invest in the best silver IRA. So sit back, relax, and read on to discover which silver IRA companies made our list for 2023.

Evaluating Customer Service

You’ll want to pay attention to how well these companies treat their customers, so let’s dive into evaluating their customer service.

When researching the best silver IRA companies for your investment needs, take note of how quickly and efficiently they respond to inquiries and concerns. Look for companies that offer multiple channels of communication such as phone, email, or chat support – this shows that they prioritize customer satisfaction.

Another way to evaluate a company’s customer service is by reading reviews from previous clients. Pay attention to comments about response times, problem resolution, and overall satisfaction with the service provided.

Keep in mind that no company is perfect and there may be occasional negative reviews, but look for patterns in feedback to get an accurate idea of how well a company values its customers. Good customer service should be a top priority when choosing a silver IRA company as it can make all the difference in ensuring a smooth investment experience.

Analyzing Fees and Costs

Analyzing fees and costs is crucial when deciding on a provider for your retirement investment, as the expenses can significantly impact your overall return.

It’s important to understand the different types of fees that may be associated with a silver IRA, including annual maintenance fees, transaction fees, and storage fees. Some providers may also charge additional fees for account setup or termination.

When comparing providers, it’s essential to consider the total cost of ownership over time. While some companies may offer lower upfront fees, they may have higher ongoing costs that add up over time. On the other hand, some providers may charge a bit more upfront but have lower ongoing costs that result in significant savings down the line.

Be sure to review all fee schedules carefully before making any decisions and don’t be afraid to ask questions if anything is unclear. By doing so, you’ll be able to select a provider that aligns with your financial goals and offers transparent pricing without any surprises along the way.

Examining Investment Options

Understanding the various investment options available for retirement accounts is crucial for maximizing your returns and securing a stable financial future. When it comes to silver IRA companies, you want to make sure they offer a diverse range of investment options that align with your individual goals and risk tolerance.

Here are some key factors to consider when examining investment options:

  • Look for flexibility: A reputable silver IRA company should offer a variety of investment vehicles, such as physical bullion, exchange-traded funds (ETFs), and mining stocks. This gives you the flexibility to tailor your portfolio according to market trends and personal preferences.
  • Consider diversification: Diversification is essential when it comes to mitigating risk in investments. Make sure the silver IRA company offers multiple types of precious metals, as well as non-precious metal assets like real estate or bonds.
  • Assess liquidity: You may need access to your funds at any given time, so it’s important to choose an IRA company that allows for quick liquidation without incurring significant penalties or fees.

By taking these factors into account when examining investment options offered by silver IRA companies, you can ensure that you’re making informed decisions about how best to allocate your retirement savings.

Considering Company Reputation

If you’re looking to secure your financial future, it’s important to consider the reputation of any potential retirement account providers you may be considering. After all, this is your hard-earned money that you’re entrusting with a company.

You want to make sure that they have a solid track record for providing excellent customer service, transparent fees, and reliable investment options. One way to gauge a company’s reputation is by checking their ratings with independent organizations like the Better Business Bureau or Trustpilot.

You can also look at online reviews from current and former customers to see what their experiences have been like. Additionally, it’s worth researching how long the company has been in business and whether they have any history of legal or regulatory issues.

By doing your due diligence and choosing a reputable silver IRA company, you can feel confident that your retirement savings are in good hands.

Top-Rated Silver IRA Companies for 2023

Looking for the top-rated options to secure your financial future? Check out this list of the most highly recommended providers for your retirement account needs in 2023.

When it comes to silver IRA companies, there are a few firms that stand out from the rest. One of them is Birch Gold Group, which has been around since 2003 and has earned an A+ rating from the Better Business Bureau. They offer a wide range of precious metal products including gold, silver, platinum, and palladium.

Another top-rated choice for silver IRA companies is Regal Assets. This firm has earned numerous accolades such as being named #20 on INC 500’s list of fastest-growing financial services companies in America and #1 in the investment category by

With over a decade of experience in the industry, Regal Assets offers clients a variety of investment options including physical gold and silver coins or bars, as well as other precious metals like platinum and palladium.

These two companies are just some examples of the best silver IRA providers available today – so do your research and choose wisely!


Congratulations! You’re now well-informed about the best silver IRA companies in 2023. By taking the time to evaluate customer service, analyze fees and costs, examine investment options, and consider company reputation, you can make an informed decision when choosing a silver IRA company.

Remember to do your due diligence before making any financial decisions. The top-rated silver IRA companies for 2023 have demonstrated their commitment to providing excellent customer service, offering low fees and costs, providing diverse investment options, and maintaining a solid reputation in the industry.

With these factors in mind, you can confidently choose a reputable company that will help you achieve your retirement goals through investing in precious metals.

Why Gold IRAs Are a Better Investment Than Traditional IRAs

Investing in gold is a smart move because it can help you protect your savings from the forces of economic instability. While traditional IRAs allow you to invest in stocks, bonds, mutual funds, and ETFs, gold IRAs offer a different kind of investment experience. By investing in gold, you’ll be able to put your money in IRA-compatible bullion that has been approved by the IRS.

Investing in gold is a great way to hedge your savings against economic forces

Investing in gold is an excellent way to protect your savings from the forces of inflation and economic instability. Buying physical gold bars, coins, and jewelry is a smart way to invest against inflation. However, when considering buying gold as an investment, consider your needs and how it fits into your overall investment strategy. Speaking to a professional can help you decide whether or not gold is right for your portfolio.

While investing in gold is not an investment like stocks and bonds, it can still provide a hedge against inflation, possible economic downturns, and rising prices. However, investing in gold is not a foolproof way to protect your savings in the current market environment. It doesn’t pay dividends or interest, and its prices are subject to fluctuations. Investing in gold should only be done in an appropriately diversified portfolio.

There are many risks and challenges associated with investing in gold, including finding a safe place to store your gold. It’s also important to understand that gold not bought with gold IRA companies is taxed at higher long-term capital gains rates. It’s best to choose a reputable investment manager.

Inflation is a powerful economic force that eats away at the buying power of our savings. The current inflation rate of 6.8% is the highest since 1982, and many investors are looking for a way to protect their savings from the slow erosion of purchasing power. Investing in gold is one of the best ways to protect your savings against inflation.

Gold IRAs allow the investor to put money into stocks, bonds, mutual funds, and ETFs

Unlike a traditional IRA, gold IRAs let the investor invest in precious metals such as gold. These precious metals are not correlated with the value of stocks and bonds. If the price of gold drops, other assets will likely do better, so an investor can balance out the losses of gold. However, gold is still not immune to the risks of traditional IRAs.

Aside from physical gold, the investor can also invest in stocks, bonds, mutual funds, and ETPs. While diversification is important, it cannot guarantee a profit or protect the investor from losing money in a declining market. All investment strategies carry risk, and the value of an account will fluctuate.

When buying gold, it is best to deal with reputable companies that are licensed to sell gold. Always check if the company has the proper insurance and bond requirements. In addition, make sure the company charges a reasonable fee for selling gold. Remember that gold has a going rate and a markup, which varies between vendors.

The best ETFs provide multiple asset options. This helps minimize risk because of the diversification. These funds also offer low cost and minimal investment fees. However, investors must be aware that the performance of ETFs is not as good as that of individual stocks.

IRA-compatible and IRS-approved bullion is better

There are several advantages to owning IRA-compatible and IRS-approved bullions. These metals provide stability in uncertain times, can help protect against inflation, and can pass on wealth tax-free. Additionally, they provide the same benefits of owning physical gold bullion, including safe storage, insurance against loss, and convenience.

To invest in an IRA-compatible and IRS-approved bullions, you must purchase them in coin form and from a US-approved refinery. In addition, the precious metals must meet certain fineness standards. Then, you must store them with an approved trustee. Trustees can include banks, savings and loans, credit unions, and other IRS-approved organizations. You cannot purchase IRA-compatible gold and silver on the Internet or from private individuals.

To make your investment easier, you can choose to store your bullion at a secure IRA-compatible company like Augusta Precious Metals. This website offers a variety of storage options and enables customers to choose the custodian that best fits their needs. The company also offers secure storage, a gold buyback program, and a vault that can store up to 1,000 ounces of gold.

There are several advantages of owning precious metals in an IRA. For one thing, they are stable and are good for inflation protection and market instability. On the other hand, they can be quite expensive. Hence, you should seek professional advice or seek the services of a reputable and experienced bullion company.

How Interest Rates Affect the Price of Gold

In the past, gold prices have been impacted by rising interest rates. This article will examine the impact of rate hikes on gold prices in the past, as well as the effects of rising rates on gold prices in the stock market. This article will provide methods to analyze and predict gold prices. There are also factors that can impact the price of gold in the future. For example, the effects of rising rates on gold prices are more evident in the short term, but this may not be the case in the longer run.

Rising interest rates have historically affected the price of gold

While rising interest rates are generally bearish for the price of gold, this is not always the case. Gold is not an income-producing asset, and rising interest rates increase the opportunity cost of owning it. Although rising interest rates are generally negative for gold prices, they have historically risen along with the US dollar. In fact, a gold price increase has coincided with an interest rate hike on six out of the last seven cycles.

While rising interest rates affect the price of gold, investors typically flock to precious metals during times of economic strife. Gold is considered a safe haven asset, and the increased demand for it has historically boosted its value. When interest rates are rising, many people are tempted to invest in other assets, such as savings accounts or shares. As a result, property values rise faster. However, smart investors realize that higher interest rates can also increase their risk profile and may be best avoided altogether.

Methods to analyze and predict gold price

Several methods are available to study the relationship between gold prices and interest rates. These methods include univariate time series and linear regression. The data used in training and testing models can be classified into granularities. The data used in the proposed method can be classified into three granularities per month. The dataset is normalized to reflect the correlation between the variables. The proposed method can also be compared with grey models.

Some of the independent factors considered in this research are international economic indicators, commodity prices, and futures. One such indicator is Gold Futures, which reflect the market’s expectation about gold prices in the future. Moreover, the gold market’s seasonality can be considered an important variable. This might need further research. Here, we will discuss some of these factors. This article also includes a list of factors that affect gold prices and interest rates.

Impact of rate hikes on gold prices

In general, rate hikes don’t have a significant impact on gold prices. In fact, gold prices have generally done better during and immediately after rate hikes. The same is true for the opposite – gold has performed better immediately after a rate cut than during a rate hike. But it’s important to remember that rates do affect gold prices in specific ways. In particular, rate hikes tend to increase gold prices because gold prices respond to increases in real interest rates.

The US Federal Reserve has announced that it plans to increase interest rates three more times this year, up to 1.0 percent in 2022. That would effectively counter the current inflation rate of seven per cent. As a result, higher interest rates are positive for gold prices and will encourage investment in fixed-income assets. However, in the long run, gold prices will likely continue to increase even if the rate hikes are few and far between.

The U.S. Federal Reserve, which controls interest rates, has long influenced major stock and commodity markets, including gold. Recent rate hikes have had a specific effect on gold. The World Gold Council produced a graphic showing how stock and gold prices performed during and after rate hikes. Interest rates, also known as the target federal funds rate, are projected overnight lending rates for banks and credit unions.

Historically, investors have gravitated towards gold during times of economic turmoil and uncertainty. While the price of gold does not pay interest, it can produce a capital gain if held in an economy with strong demand. However, higher interest rates will also increase supply, which will affect overall gold prices. Higher interest rates are both bearish and bullish for stocks. If interest rates rise, investors will likely move toward shares and savings accounts, since these investments offer higher dividends. However, smart investors know that increasing interest rates can lead to higher risk profiles.

Best Gold IRA Companies

Which is the Best Gold IRA Company?

The best gold IRA companies have diversified offerings in different precious metals. By making the process of purchasing precious metals easy and accessible, a good company will allow you to diversify your portfolio. In this article, we’ll discuss Birch Gold Group, American Hartford Gold, and Augusta Precious Metals. Here are some of the advantages of these companies.

Augusta Precious Metals

If you’re looking for a reliable company that can help you manage your retirement assets, look no further than Augusta Precious Metals. Augusta has several gold and silver IRA accounts, and can even roll over funds from your existing retirement accounts. It ships your precious metals to a secure depository in Delaware or a U.S. city, such as New York. And, while Augusta does not make a margin over spot prices, it pays spot prices.

Augusta provides services that will help you purchase and sell gold and silver. In addition to offering services like storage, they have an excellent track record and can help you secure your gold and silver in any location. There are some caveats, though. While you do not get all of the benefits of gold IRAs, you do need to take the responsibility of keeping your metals safe. Augusta has multiple gold IRA options, and you can receive a fast quote on precious metals.

Augusta offers webinars to educate customers about gold and silver IRAs. Attending webinars is also a great way to learn about gold and silver and to meet with Augusta’s agents. This is a no-pressure way to find out more about gold and silver IRAs, and it’s a great way to learn more about the industry while also meeting a personal advisor.


The IRA in gold is a very popular investment option these days, and Goldco aims to educate the masses on precious metals and how they can protect their retirement plans. They also help clients open new IRA accounts and purchase bullion coins. The company also helps investors diversify their investment portfolios by investing in both physical gold and silver. Listed below are some of the features of this company.

A gold IRA can be opened by rolling over assets from another retirement account. The transfer usually doesn’t incur early withdrawal penalties. A new IRA can be opened by buying physical gold and silver coins through the company’s website. Customers can also receive free storage through Goldco. Goldco also helps rollover regular retirement accounts into IRAs. Goldco also purchases and sells physical gold and silver coins for clients as they begin to distribute their funds.

In addition to offering low-cost accounts, Goldco is a top precious metals IRA provider. Their reputation with prospects is unsurpassed and they offer white glove assistance. Customers have rave reviews about the service they receive. Goldco’s website offers information on precious metals investment plans and provides helpful tips. Additionally, they are an excellent custodian and repository. They have a long-term track record.

Birch Gold Group

The Birch IRA Group offers an array of gold and other precious metals as investments. This company has earned Triple A ratings from the Business Consumer Alliance and an A+ rating from the Better Business Bureau. The Birch team will help you set up a Precious Metals IRA, roll over your current retirement plan, and learn about the best ways to invest in precious metals as a personal investment.

There are two main ways to invest in gold and silver with the Birch Gold Group: ownership and rollover. Both of these options involve physical possession of the metals, and you may need assistance from a financial professional. The Birch Gold Group will assign an agent to walk you through each option, help you choose the metals you’d like to own, and take care of the payment process. Birch Gold Group accepts wire transfers or personal checks.

The Birch Gold Group is dedicated to customer education, empowerment, and transparency. Its financial experts have worked in major institutions like Citigroup, IBM, and Dun and Bradstreet. Their customer support staff will walk you through the entire process and explain any steps along the way. You will also receive a detailed guide with all of the documents you need to complete to open an account. The Birch Gold Group is a trusted leader in the gold industry.

American Hartford Gold

There are many advantages of using American Hartford Gold IRA companies. Among them are their wealth of resources. For starters, they offer a free information guide. Furthermore, they have a stellar customer service reputation, with a 5-star rating on Trustpilot and an A+ grade from the Better Business Bureau. Finally, they are one of the few companies that offer a full refund policy. If you’re looking for an IRA company with a solid customer service history, American Hartford Gold is worth a look.

The American Hartford Gold IRA company prides itself on educating their customers, and their website is informative. This helps prospective clients make the best decision regarding their gold purchases. The company also prides itself on its high customer satisfaction, with all representatives taking pride in meeting each customer’s expectations. A bonus feature is that American Hartford Gold has a price match guarantee, which is another major benefit. Additionally, they make the process of investing in gold as painless as possible. The company will even deliver the gold directly to you, or transfer it into your retirement account.

Another advantage of American Hartford Gold IRA companies is that they offer free storage of your precious metals for a limited period. The company also has a buyback commitment for its clients. The BuyBack Commitment helps clients avoid paying extra charges to complete the three-step liquidation process. All they need to do is contact the company and fill out the appropriate paperwork. You’ll then be able to initiate the transfer of your funds or rollover your funds. You can transfer any type of retirement account to American Hartford Gold, and they’ll pay you.

Noble Gold

Setting up an IRA with Noble Gold Investments is simple. You can open an account by filling out an online form. When you call or email, a representative will follow up with you to complete any paperwork. Once the paperwork is completed, you’ll receive an account number and instructions on how to login to your account. Once you’ve completed the form, you’ll receive a confirmation email that you can use to access your account.

Unlike many IRA companies, the Noble Gold IRA company has low minimum investment requirements and offers an extensive library of educational resources. They offer both online and telephone support, and the company offers an IRA guide for free. Unlike some of their competitors, Noble Gold is a relative newcomer to the gold IRA space, but it continues to rank among the top IRA companies. Once you’ve set up an account, you can enjoy the benefits of investing in gold.

While most companies have extensive resources, a Noble Gold website is easy to navigate. You’ll be guided through the process step-by-step. Moreover, the company offers a free Gold IRA guide on its website, which explains the different benefits of precious metals and how the rollover process works. In addition to this, Noble Gold has an A+ rating from the Better Business Bureau. ConsumerAffairs and TrustLink readers rate Noble Gold as five stars.

Regal Assets

As one of the top companies that offer gold IRA accounts, Regal Assets has garnered positive recognition from independent business review websites. These sites consider customer reviews, complaints, and how the company responded to those complaints. Regal Assets is a high profile company that opened for business online in 2009.

This company specializes in helping people set up gold IRA accounts and rollover funds between custodians. However, the company is not appropriate for small purchases, or coin collectors. Likewise, it is not a good option for converting a 401(k) into precious metals. However, if you have a significant amount of money to invest and are a novice investor, Regal Assets might be a good choice.

With its flat annual fees, Regal Assets has an advantage over its competitors. While most companies charge scaled fees based on the amount of your portfolio, Regal Assets charges a flat fee of $180. This fee does not become onerous until the end of the second year of investment, so it may be beneficial for you to invest a smaller amount in the beginning. The company also waives storage fees for the first year.

If you have an existing IRA, the process of moving your account to a new custodian is fairly simple. If you are considering rolling your IRA, you should be aware that many consumers have been burned by unprofessional organizations that mishandled their funds. Whether it’s investing your money in gold, silver, or another precious metal, Regal Assets has the expertise to handle the details and make it easy for you.

For further information, you can read a more in depth review of the best gold ira investment companies.

Final Thoughts

Having a company handle your retirement funds can be scary. There are some horror stories out there of people not being able to get in contact with them to take money out. Some companies have hidden fees that slowly deteriorate your funds. That’s why you want to go with a company that has a proven track record. Do your own research and read the reviews from real people.

Look at the BBB and look at other sources like Trust Pilot and BCA. Check out the companies ratings and talk to them on the phone and ask questions.

Schiff Gold Review

If you are looking for a company to invest your money in, consider SchiffGold Investments. The company is not a member of the Better Business Bureau and does not have any reviews on Trustlink. Despite its lack of formal accreditation, Schiff Gold has been around for over a decade and has been doing business under the name of SchiffGold since 2014. Peter Schiff’s expertise and professionalism have earned the company a highly reputable reputation.

The company offers a wide range of precious metals and ensures quality. Calls and live chat are available for you to discuss the various products. Schiff Gold also offers a buyback program, wherein you can sell your bullion back to the company. If you want to sell your bullion elsewhere, the company may reject it.

As long as you store your gold in a secure vault, it will be safe. All vaults at Schiff Gold are regularly audited by an independent company. They also send periodic reports to investors so you can see how much your investment has increased or decreased over time. With their secure storage, you can transfer your investments between vaults and pick up the metals in person, or have them shipped to a destination of your choice.

Comparing Prices

While comparing prices on Schiff Gold is not straightforward, it is easy to find other dealers with better business practices. The founder of SchiffGold is Peter Schiff himself, and it is clear that his expertise is behind the company. As such, it is a trustworthy and convenient option for customers who are looking to invest in gold or other precious metals. You can also benefit from the company’s chat feature, where you can talk with a representative or a specialist.

Payment options at SchiffGold vary. Customers can pay with a check, wire transfer, or bitcoins using BitPay. The company will email you a total invoice after they process the transaction. You can also pay for your gold or silver via PayPal, wire transfer, or a check. A check will require the seller to hold your order until the check clears. Then, the transaction will be complete. It will take around 2 days for you to receive the precious metals.

Peter Schiff has a bad track record when it comes to public predictions. Six years ago, he predicted that the United States would fall into a recession, and that gold prices would explode to hyperinflation. The financial crisis changed that, however, and deflationary pressures became a more pressing concern. As a result, gold traded at $1,700, just a few months after his predictions. It has now fallen back to $1,700 and is $32 from its high. Since then, Schiff has been predicting a gold rally to $5,000.

Whether you are looking to invest in gold or silver, Schiff Gold offers a full range of services to help you buy or sell precious metals. The company offers storage, investments in the metal of your choice, and even buys back gold if it is not selling at a decent price. If you are unsure about whether Schiff Gold is a good investment option for you, it is important to research the company before making a decision.

Gold Investing for Beginners

If you are new to precious metals investing, SchiffGold is a good place to start. Peter Schiff is a renowned financial commentator and author and has made it his mission to help investors choose the right metal for their portfolios. The company does not sell numismatic coins, since they often have high markups and complicated liquidation processes. However, the company does offer a reputable vault storage partner and a full range of gold products.

Whether you plan to invest your money in bullion or an ETF, this precious metal investment option is a great way to get started with gold investing. The most important aspect is finding a company that you trust. And don’t forget to use the tips and tricks of the industry in this review. You will be glad you did.

Ultimate Guide to Gold Stocks

As with all investments, there are also risks involved when you invest in gold stocks. Moreover, your risk increases if you are not well-informed about the market and its risks. To prevent such a situation, follow the tips below to make the most of your gold stocks. You may find some great investment opportunities in the gold market. In addition to these tips, you should also read the following articles to help you understand how gold stocks work.

Gold mining companies’ shares fluctuate in value in relation to their production. This means that buying shares from a high-production company can yield higher returns. On the other hand, investing in low-production companies may result in you losing money on the extraction of the yellow metal. You should also keep in mind that harsh environmental issues, mine strikes, and shutdowns pertaining to care and maintenance may impact the production of gold stocks. Therefore, you should make sure to do your research on the companies you intend to invest in.

Physical Gold VS Paper Gold

While physical gold bullion is the most direct method of exposure to the gold price, it is not always convenient or safe. Purchasing physical gold bullion requires hefty commissions, storage, and insurance costs, which can be costly. Investing in gold stocks is a safer option as you can take advantage of compounded returns. Furthermore, you can get a gold stock as an insurance against the risk of market fluctuations.

As an investor, you can use these benefits to diversify your investment portfolio. Although you do not receive any physical insurance, investing in gold stocks offers more potential for profit. Gold is a good defensive investment because it doesn’t produce cash flow. As long as the company can maintain its profitability, you will make money. But remember, diversification does not guarantee profit, and you may experience losses if the market drops. In addition to diversification, consider the time frame in which you invest.

As with any investment, gold stocks are not for the faint of heart. If you aren’t sure which ones to buy, remember that not all gold stocks are the same. Make sure to do your research before investing to avoid losing money. While investing in gold bullion may seem exciting during a gold bull market, it’s always important to note that you are investing in speculative investments. Even if the investment looks perfect on paper, there are many factors that can derailed a seemingly perfect project.

Stock Shares

Another way to invest in gold is by buying individual shares of companies that operate in gold mines. A company like Barrick Gold Corp. operates in 13 countries and owns mining rights from others. Another company, Franco-Nevada Corp., has mines in Brazil, Ghana, Mauritania, Russia, and Australia. You should understand how gold stocks work and which ones will be the most profitable for your portfolio. It’s important to remember that the amount of gold you invest in depends on your circumstances and what your goals are.

A gold investment can come in many forms. You can purchase physical gold, virtual gold, or adjacent gold. It’s important to note that the value of gold fluctuates quickly and often. This makes it an unsuitable investment choice for those who are overly worried about day-to-day performance. Nevertheless, gold is a good investment choice. While it’s not a high-yield investment, it can help you safeguard against inflation and has a significant payoff.


ETFs are the easiest way to invest in gold. With gold ETNs, you can buy gold shares without a broker’s commissions. However, a guide is still recommended if you want to invest in gold. There are also other gold-related investments. However, before investing in gold ETFs, make sure to do your research. And remember that you’ll never know what to do if your investments don’t pan out.

Purchasing gold stocks is not a suitable investment for everyone. Even experienced investors should read through the investment guide provided by the company they’re considering. While buying gold doesn’t mean purchasing the precious metal, buying gold stocks will give you a way to leverage higher gold prices through corporate operations. As such, they are an excellent way to diversify your portfolio. However, you should be careful about investing in such a volatile asset, because you can get caught in the midst of mistakes and operational risks.

Another way to invest in gold is to subscribe to a gold streaming or royalty company. One such company is Wheaton Precious Metals. Although you shouldn’t invest all of your money in gold, investing a small percentage in gold will ensure you’re protected from market volatility. While there’s no foolproof stock, successful mining companies will keep you from being stressed out if the market crashes. They’re more likely to recover after a downturn than other stocks, so they’re a good option.