The precious metals industry may attract both reputable and unscrupulous companies due to the less stringent regulations. Gold IRA companies consist of a custodian, dealer, and depository, which can be affiliated but operate independently with their own practices and fees. To find a reliable set of companies for setting up and maintaining a gold IRA, reputation plays a significant role.
We consider BBB ratings and the company's longevity as important factors. However, the lack of standardized disclosures and the presence of borderline practices, such as enticing customers with free offers or using high-pressure sales tactics, are common in this industry. Whether these tactics make a company untrustworthy is subjective and based on personal opinion.