Red Rock Secured
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Patriot Gold
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Orion Metal Exchange
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Monetary Gold
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Oxford Gold
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Advantage Gold
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Augusta Precious Metals
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Noble Gold Investments
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Lear Capital
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VA Pawn
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Capital City Coins & Currency
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The Gold Prospector
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Liberty Coins
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Gold and other precious metal IRAs are an investment and carry risk. Consumers should be alert to claims that customers can make a lot of money in these or any investment with little risk. As with any investment, you can lose money and past performance is not a guarantee of future performance results. Consumers should also obtain a clear understanding of the fees associated with any investment before agreeing to invest.
There are multiple ways of investing in gold, including individual retirement accounts, bullion, futures and electronically traded funds. Each opportunity provides different advantages:
Are there taxes on buying gold and silver bullion in Virginia?
Yes, the tax on gold and silver bullion in Virginia ranges from 5.3% to 6%.
How does a gold IRA work?
Gold IRAs need a broker and custodian to help you acquire the right amount of gold or other precious metal for your portfolio. After paying the required fees, your investment team manages your portfolio and provides advice on other investments and opportunities.
Can I hold physical gold in my IRA?
Yes, you hold physical gold in your IRA if it is stored in an IRS-approved depository.
Can I store my gold IRA at home?
No, you can’t store the gold for your IRA at home.
Is gold a good retirement investment for Richmond residents?
Gold can be a good retirement investment for those looking to diversify an already established investment portfolio. If you feel more secure with physical assets than digital or paper assets, gold is a smart investment opportunity. We recommend consulting a financial advisor to determine if adding gold to your retirement plan should help you meet your goals.
Red Rock Secured |
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Red Rock Secured is an L.A.-area wholesaler of gold, silver, platinum and palladium for IRAs. You can have metals purchased for your IRA sent to a private depository or delivered to your home, although the latter option is subject to federal rules. All transactions are based on spot market pricing. Further fee details are not available, but its precious metal experts are available for no-obligation phone consultations. |
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Patriot Gold |
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Patriot Gold provides gold IRAs and gold assets to interested investors. Services such as secure vault storage, home storage and gold IRA rollovers are also available. Patriot Gold waives its $180 annual fee for gold and silver IRAs over $100,000. |
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Orion Metal Exchange |
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Orion Metal Exchange is based in Southern California and specializes in gold IRAs. Orion recommends that its customers do not store metals at home and instead points them to private, nongovernmental depositories. Storage fees vary, but if you meet account value thresholds, you can qualify for free storage promotions. Orion Metal Exchange representatives are available to give precious metal investment advice via complimentary phone calls. |
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Monetary Gold |
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Monetary Gold has offered gold IRA investment guidance and services to consumers since 2000. Depository storage is handled through a private, nongovernmental storage facility in Delaware, which may provide some tax advantages. Storage and insurance fees are about 0.1% of your investment at the time of publishing, with a $100 minimum. Clients who choose physical delivery pay a flat fee of $30 for shipping. Experts are available by phone to provide precious metal investment guidance. |
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Oxford Gold |
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Oxford Gold Group is a gold and precious metals firm based in Southern California. Its gold IRAs have annual maintenance fees of $175 or $225, depending on whether the account is valued above or below $100,000. Oxford Gold arranges all IRA metal storage at insured, third-party facilities in Wilmington, DE, and Salt Lake City, UT. Home delivery isn’t available. Precious metal investment advice is available at no cost, though. |
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Advantage Gold |
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Advantage Gold offers precious metals IRA rollovers where you convert traditional retirement accounts into physical assets such as gold, silver and other precious metals. Its annual fee for an IRA is $100, plus a $75 custodian fee. The company also offers a wide range of investment resources for those interested in learning more about gold investing. |
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Augusta Precious Metals |
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Augusta Precious Metals, headquartered in Beverly Hills, CA, has been offering gold and silver investments for nearly a decade. Its prices are based on spot market value. Gold IRA customers pay a one-time $50 application charge and an additional $180 annually in custodial and storage fees. Investment advisors are available during business hours. Gold IRAs have a $50,000 minimum purchase amount, but cash purchases have a $25,000 minimum. |
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Noble Gold Investments |
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Noble Gold Investments provides a multitude of opportunities for investors looking for financial stability and tangible assets. The company offers rare coins, precious metal coins and precious metal IRAs. Its lead advisors each boast over 20 years of experience in the industry. There’s an $80 annual fee for IRAs, plus a $150 yearly fee for storage in Texas or Delaware. |
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Lear Capital |
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Lear Capital has helped clients with gold and precious metal IRA rollovers and the acquisition of gold assets since 1997. Potential customers can look up the cost of gold coins and other precious metals directly on Lear Capital’s website. |
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VA Pawn |
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VA Pawn is a pawn shop offering everything from electronics to rare gold coins. The shop is licensed, insured and bonded, and it’s ready to appraise your collection. VA Pawn is located at 5300 Hull Street Road, Richmond, VA 23224. |
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Capital City Coins & Currency |
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Capital Coins & Currency has served Richmond for over two decades. This coin collector and investor company is owned by the only active Professional Numismatists Guild member. Its collection contains both foreign and domestic coins. Capital City Coins & Currency is located at 8801 Patterson Ave., Richmond, VA 23229. |
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The Gold Prospector |
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The Gold Prospector buys and sells rare coins, gold and jewelry. Its on-site appraisers are available to answer any questions you may have about a rare coin. Before visiting the shop, customers can also look up the approximate value of a coin on the company’s website. The Gold Prospector is located at 3612 Mechanicsville Turnpike, Richmond, VA 23223. |
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Liberty Coins |
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Liberty Coins provides customers with services like liquidations, collection appraisals, and coin and bullion sales. The store has been in business since 1985, and it also participates in a variety of coin shows across the nation. Liberty Coins is located at 1125 N. Gaskins Road, Ste. 200, Richmond, VA 23238. |
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