There is no substitute for holding physical precious metals in your IRA. Conventional IRA's are limited to the usual menu of paper assets - cash, stocks, bonds and mutual funds. Even exchange traded funds focused on gold or silver or mining stocks won't provide the security investors need in these volatile times. Banks and brokerages can, and do fail. The dollar perpetually declines in purchasing power. Physical bullion endures.
Not only can you purchase, hold, and sell real precious metals with a tax-advantaged Self-Directed Precious Metals IRA account, but also you can withdraw your bullion and take direct physical possession of it under normal IRA distribution rules. Few Americans have any idea about these fantastic options, because their brokers have never told them!
Here's how a precious metals IRA works:
Choose a custodian and fund your self-directed IRA account -- tax free!
There is absolutely no good reason for your IRAs to be limited to investments in paper assets.
Conventional banks and brokerages get paid handsomely for trading paper, so they limit their customers' choices. You can take the exit and get control of your investment choices with a self-directed IRA. Money Metals recommends the IRA trustees below because they offer low fees and great customer service for our clients. But we can work with any firm providing self-directed accounts - additional companies are listed at the bottom of this page.
New Direction IRA (NDIRA) is a Self-Directed IRA provider that specializes in holding physical precious metals as well as other assets like real estate and private loans. NDIRA allows clients to use a variety of depositories -- giving customers more choices than many other trustees do -- and still has highly competitive fees (starting at only $75/year). Diligent customer service and quick processing speeds are among NDIRA's core strengths. Get started by downloading a Precious Metals IRA Application to establish and fund your new IRA account. If you would like assistance, please call Money Metals Exchange at 1-800-800-1865.
GoldStar Trust Company is an independent trustee that charges very low fees and provides flexible IRAs to hold physical precious metals. Your metals are stored in a maximum-security depository in Delaware in either an allocated or unallocated account (your choice). Simply download PDFs of the Traditional IRA or Roth IRA application to establish and fund your precious metals IRA account. Or enroll directly online through Goldstar's Traditional IRA or Roth IRA web forms. If you would like assistance, please call Money Metals Exchange at 1-800-800-1865.
Lock pricing on the gold, silver, platinum or palladium bullion you want to hold.
Your IRA may hold a wide array of bullion coins, rounds, and bars offered by Money Metals Exchange. Here is a list of all metals that can legally be held within your Self-Directed IRA account. (No slabbed/graded "rare" coins are allowed, which should not be a concern because they are highly risky and tend to be poor investments.) You'll receive payment confirmation from Money Metals Exchange and be able to track your shipment all the way to the depository.
Complete your transaction.
We'll send you confirmation and any other form that needs your signature immediately after we lock your pricing. Simply sign and fax or email the forms back. Your custodian will issue payment for the metals on behalf of your IRA and we'll ship the metals to the depository you have chosen for safe storage.
We will buy the metals you hold back at any time based on the current spot prices. Investing in beautiful, tangible coins rounds and bars in your IRA is the easiest option your broker or financial adviser will NEVER tell you about!
**Please Note: We can partner with ANY self-directed IRA custodian. Here are examples of other firms with which we have worked:
- Mountain West IRA
- Millennium Trust
- IRA Services
- Ramsey National Bank
- Kingdom Trust Company
- Equity Institutional
Regardless of which firm you choose as custodian for your IRA account, we can deliver the physical gold, silver, platinum, and palladium bullion you want – and at great prices!
Here's Why Your Investment Adviser Has Never Told You about Silver and Gold IRAs
Very few U.S. investors own even an ounce of gold or silver bullion, so it should come as no surprise that almost none of them know of the various options to hold bullion in an IRA account. The lack of awareness is generally compounded by financial professionals – the very people whose job it is to educate investors.
Most investment advisers tout "diversification" as the ultimate investment strategy, then turn around and limit their clients to IRAs with the traditional menu of nothing but paper investment options – stocks, bonds, and mutual funds. Brokers are not anxious to promote true diversification away from these paper assets, as they would lose out on management and/or transaction fees.
Alert investors who are concerned about a portfolio limited to paper assets have a much better option. This option is known as the self-directed IRA. By giving yourself full authority over your portfolio, you can then invest directly in other things besides registered securities – real estate, privately held companies, and precious metals, for example.
You can take matters into your own hands by opening a self-directed account. In it, you can purchase qualifying gold or silver bullion coins or bars and get immediate protection from the devaluing dollar in real, tangible metal. And, when you are ready, you can actually take physical possession of that metal through distributions from the IRA. You completely avoid exposure to the dollar or paper assets denominated in dollars.
Many investors in precious-metals-backed ETFs have been moving out of such proxies and into self-directed IRAs holding physical bullion, stored at facilities of the investors' choosing. While ETFs offer a few advantages for short-term or high-frequency traders, the risks of holding precious metals ETF shares are increasingly coming to light.
Owning and storing actual precious metals in a self-directed IRA is an important and straightforward step toward true diversification of your investments. Review the above options and contact Money Metals Exchange at 1-800-800-1865 today to get started.