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Find the Best Way to Invest in Gold in Tulsa, OK

March 3, 2021, 12:13 p.m.

Tulsa residents looking to diversify their portfolios sometimes turn to gold investment companies for help buying gold and setting up precious metals IRAs. We created this guide by comparing the consumer reviews and local availability of 24 businesses and choosing 10 favorites from the top gold investment companies in Tulsa.

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Red Rock Secured
Red Rock Secured
Features
  • Offers precious metals IRAs
  • Minimum IRA investment of $1,500
  • “Zero Fees for Life” promotion for qualifying investors
  • Available in Tulsa and nationwide
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Patriot Gold
Patriot Gold
Features
  • Offers gold and silver coins and gold IRAs
  • Minimum IRA investment of $9,500
  • No annual IRA fees on qualifying accounts
  • Available in Tulsa and nationwide
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Orion Metal Exchange
Orion Metal Exchange
Features
  • Offers precious metals and gold and silver IRAs
  • Minimum IRA investment of $5,000
  • Annual IRA fees are waived for three years
  • Available in Tulsa and nationwide
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Monetary Gold
Monetary Gold
Features
  • Offers precious metals IRAs and coins
  • Minimum IRA investment of $5,000 to $10,000
  • Annual $100 storage and insurance fee for up to $100,000 of gold
  • Available in Tulsa and nationwide
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Oxford Gold
Oxford Gold
Features
  • Offers precious metals IRAs and coins
  • Minimum IRA investment of $7,500
  • Annual IRA administration fees between $175 and $225
  • Available in Tulsa and nationwide
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Advantage Gold
Advantage Gold
Features
  • Offers gold IRAs
  • No minimum IRA investment
  • Annual IRA fees of $175
  • Available in Tulsa and nationwide
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Augusta Precious Metals
Augusta Precious Metals
Features
  • Offers precious metals and IRAs
  • Minimum IRA investment of $50,000
  • Annual IRA fees of $180 plus a $50 setup fee
  • Available in Tulsa and nationwide
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Lear Capital
Lear Capital
Features
  • Offers precious metals and gold IRAs
  • Minimum IRA investment of $7,500
  • Annual IRA fees of $160
  • Available in Tulsa and nationwide
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Tulsa Gold & Silver
Tulsa Gold & Silver
Features
  • Offers precious metals
  • Available in Tulsa
  • tulsacoins.com
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Tulsa Gold & Gems
Tulsa Gold & Gems
Features
  • Offers precious metals and gems
  • Available in Tulsa
  • tulsagold.com
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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.

How to buy gold in Tulsa

tulsa skyline

Buying gold is popular with Tulsans who want to diversify their investment portfolios. Some of the most popular ways to invest in gold here include:

  • Gold IRAs: A gold or precious metals IRA is a common way for investors to diversify their assets for retirement. This strategy involves investing in physical gold or metal held at a specific, secure location, like a bank or depository. Because of this, there are often higher fees associated with gold IRAs than other types of investment strategies, though.
  • Gold bars: Investors buy gold bars by weight and quantity. Gold bars, also known as bullion, should be at least 99.5% pure gold. You can store gold bars at your home or a bank.
  • Gold ETFs: A gold ETF is somewhat like a gold stock. Instead of owning and storing physical gold, buying a gold ETF involves investing in assets that are backed by gold. These prices are usually similar to gold in terms of returns, but ETFs don’t require the storage or fees associated with physical gold.
  • Gold futures: A gold future is a deal to trade a specific amount of gold at a certain price on a certain date. Both sides of the deal are essentially taking a bet on what the price will be in hopes that they come out ahead.

Tulsa gold investment/gold IRA FAQ

How does a gold IRA work?

With a gold IRA, you buy physical gold as part of your retirement portfolio, and these assets receive the same tax-advantaged status as traditional IRAs. A storage company then holds these physical pieces of gold for safekeeping until you sell them at a later date. This means that the rate of return depends on what the gold market is at that time.

Can I store my gold IRA at home?

No, you cannot store the gold in your IRA at your house. The IRS requires investors to store their gold in approved facilities, like a bank or gold depository.

Can I hold physical gold in my IRA?

Yes, you can hold physical gold in an IRA. A gold IRA allows you to buy real gold and keep it as an investment portion of your IRA.

Is gold a good retirement investment for Tulsa residents?

It depends. Because it’s fairly stable, gold is often a good investment for people who don’t want to put their money into an uncertain market. Plus, when the stock market is down, the gold market is usually up. However, no investment is certain to bring returns.

Are there taxes on buying gold and silver bullion in Oklahoma?

Yes, Oklahoma has a sales tax of 4.5% on all purchases. Tulsa has an even higher sales tax at 8.51%, though. People who buy gold from a storage company can do so without paying taxes, as long as the metals remain under the control of the company itself.

How much gold should I own in my portfolio?

There is no hard-and-fast rule here. However, generally speaking, diversifying a portfolio with reasonable investments makes it stronger. For this reason, having less than 10% of your investments in gold is often a good option.

Red Rock Secured

Red Rock Secured Learn More

Red Rock Secured is a privately held company with more than a decade of experience as a wholesaler of gold and other precious metals for IRAs. Clients who prefer to physically hold their investments can get home delivery or, for greater convenience, have storage arranged with nongovernmental private depository storage facilities. Spot market prices are used for all transactions. There’s no charge for speaking with an experienced account executive if you have questions.

Patriot Gold

Patriot Gold Learn More

Patriot Gold offers no-fees-for-life gold IRA investment options. You are eligible to receive up to $2,500 in free gold coins when enrolling in an IRA. Its secure storage services are located throughout the nation. Accounts can be set up in as little as 24 hours, but its IRAs require a minimum investment of $9,500.

Orion Metal Exchange

Orion Metal Exchange Learn More

Orion Metal Exchange is a precious metals investment dealer specializing in gold, silver, palladium and platinum. Its products include coins, bars and gold and silver IRAs. Storage is free for up to three years with investment accounts, and there are no transfer or setup fees. Pricing is guaranteed in real-time, and its Buyback Commitment provides the option to sell gold back to Orion Metal Exchange.

Monetary Gold

Monetary Gold

Monetary Gold, located in Woodland Hills, CA, was founded in 2000. Its website doesn’t offer specific pricing, but the company is a direct precious metals dealer, which cuts out the costs of a middleman. Precious metals are kept at a third-party, private storage facility in Delaware. Customers who prefer to keep a closer eye on their gold can, for a flat $30 shipping fee, have their gold delivered to their homes. Depository storage costs $1 per $1000, with a $100 minimum. Advisors are available by phone for free consultations.

Oxford Gold

Oxford Gold Learn More

Oxford Gold Group is a precious metal investment company based in Beverly Hills, CA. Annual fees for gold IRAs are $175 on accounts valued up to $100,000 and $225 for larger accounts. Precious metal coins or bars are stored at private depository facilities in Salt Lake City, UT, and Wilmington, DE. You are not permitted to store the precious metals in your IRA, but phone consultations with investment specialists are available for free.

Advantage Gold

Advantage Gold

Advantage Gold is a gold IRA company offering precious metal products for gold investment accounts. These products include gold, silver, platinum and palladium coins. Its buyback policy guarantees that Advantage Gold will buy precious metals bought from them at a fair market price. Assets are stored at either Brink’s Global Services USA Inc. or Delaware Depository.

Augusta Precious Metals

Augusta Precious Metals

Since 2012, Augusta Precious Metals has assisted consumers with gold and silver investments. Its gold IRA clients pay a one-time $50 application charge, an annual $80 custodial fee and an annual $100 storage fee. Commodities are kept in one of several depository storage facilities across the United States (and one in Canada, but you can view them by appointment. Pricing is based on the spot market value. Customers have access to a specialist who can answer their questions.

Lear Capital

Lear Capital

Lear Capital is a precious metals dealer and gold IRA company. Its inventory includes gold and silver bars and coins, plus rare options like numismatic coins. Investors receive a personal account representative who helps them through spot pricing and investment insights. You can sign up for real-time price alerts on your favorite products, too. Gold IRA metals are held at Delaware Depository’s IRS-approved vault, which charges $160 annually for storage.

Tulsa Gold & Silver

Tulsa Gold & Silver

Tulsa Gold & Silver is a buyer and seller of gold and silver coins, bullion, jewelry, flatware, holloware and wristwatches. All purchases are done in front of a seller for full transparency, and house calls are available for larger collections. The company is located at 6357 E. 41st St., Tulsa, OK 74135.

Tulsa Gold & Gems

Tulsa Gold & Gems

Tulsa Gold & Gems is a gold, silver and diamond buyer. Evaluations are free and come with no obligations. Employees don’t work on commission, and 60-day loans are available for 0% interest when using gold, silver or platinum for collateral. The company is located at 9014 S. Yale Ave., Ste. 200, Tulsa, OK 74137.

ConsumerAffairs content is intended to be used for general information purposes only. Before you make any investment, it is very important to do your own analysis based on your own personal circumstances and consult with your own investment, financial, tax and legal advisors.