Find the Ultimate Gold IRA Solution

  • A gold IRA is a retirement account that holds physical gold.
  • Investors can buy and sell gold holdings like one would with a regular IRA.
  • A gold IRA works in much the same way as a traditional IRA, but with one key difference: Your holdings may include physical gold.
  • Gold IRAs have some tax advantages, however, such as the ability to defer or avoid certain taxes.

A gold IRA works in much the same manner as a traditional individual retirement account (IRA), with one key difference: The investor's holdings may include physical gold.
A gold IRA is similar to a traditional IRA, in that contributions and earnings are not taxed until they are withdrawn. Gold IRAs have some tax advantages, however, such as the ability to defer or avoid certain taxes.



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Investing in Gold IRAs

Gold IRAs are a great way to invest for retirement. Gold IRAs are Individual Retirement Accounts (IRAs) that hold physical gold instead of the traditional stocks and bonds.
Gold IRAs have been around since 1997, when Congress authorized certain IRS-approved precious metals, including gold, silver, platinum, and palladium, as acceptable assets in an IRA.

Gold IRA Rollovers

Gold IRA rollovers allow you to transfer funds from an existing retirement account into an IRA that invests in physical bullion. You can roll over funds from a variety of sources, including 401(k)s, 403(b)s, SEP-IRAs, traditional IRAs, and Roth IRAs.
Gold IRAs vs. Gold ETFs
Gold IRAs allow you to invest in physical gold bullion, but trading is limited. Gold ETFs, on the other hand, allow you to invest in gold via securities, which means that you can buy and sell your gold investments at any time. However, gold ETFs typically trade at a higher price per ounce than the cost of gold bullion.

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Gold IRA Trusts

Gold IRA Trusts are generally held by custodian banks and are administered as traditional IRAs. The custodian bank uses precious metals dealers such as Kitco, Regal Assets, and JM Bullion to provide the gold bullion and other precious metals.
The custodian bank holds the physical precious metals of the gold IRA in storage until the owner of the account requests delivery.
The major advantage of a gold IRA trust is that a self-directed IRA custodian bank is not required to hold physical gold bullion. A custodian bank can hold physical gold bullion in storage or in allocated accounts, where the client of the IRA holds the physical gold.
The custodian bank is required to hold precious metals in allocated storage or in storage until the account holder requests delivery.
Self-Directed IRA
The self-directed IRA is an IRA account in which the account holder owns all investment decisions. The account holder can invest in any precious metal or commodity, including gold, silver, and platinum.
The major advantage of a self-directed IRA is that the account holder has control over every aspect of the investment, including physical gold bullion.



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Gold IRA Self-Directed Accounts

A gold self-directed IRA allows investors to buy, sell, and store gold bullion using IRA funds. The custodian of the gold IRA must store the precious metals at a depository. Gold IRAs also have storage fees.
Gold American Eagles
Gold American Eagles are official U.S. gold coins minted by the U.S. government. They weigh 1 troy ounce and are composed of 91.67% gold and 8.33% copper. At $1,337.30 per ounce as of Tuesday, Sept. 23, 2020, gold American Eagles are the second-lowest-priced precious metal after platinum.
Gold American Buffalo Coins
The Gold American Buffalo Coin is the official U.S. gold bullion coin. The coins are .9999 fine and contain 24-karat gold. The coins weigh 1 troy ounce, which is the equivalent of 31.10 grams. At $1,337.30 per ounce as of Tuesday, Sept. 23, 2020, gold American Buffalos cost $4 more than gold American Eagles.
Gold Canadian Maple Leaf Coins
The Gold Canadian Maple Leaf is the official gold bullion coin of Canada. The coins are .9999 fine and contain 24-karat gold. The coins weigh 1 troy ounce, which is the equivalent of 31.10 grams. At $1,337.30 per ounce as of Tuesday, Sept. 23, 2020, gold Canadian Maple Leafs cost $3.30 more than gold American Buffalos.

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Gold IRAs With 401(k)s

The simplest place to start your search for gold IRAs is with a gold IRA company that has online resources that will guide you through the setup process. Once you sign up and set up your IRA, the company will issue you a self-directed IRA custodian and trustee. The custodian is the company that holds your IRA assets and the trustee is the company that makes sure your self-directed IRA investments follow IRS rules.

The company you choose should preferably be a member of the American Bullion Association (ABA) and/or the National Investors Trust Company (NITC). These associations have strict requirements for companies to become members. These organizations also promote ethical business practices and offer their members guidance about self-directed IRAs.

Gold IRAs With Other Retirement Plans

Gold IRAs are retirement accounts that hold physical gold. However, some gold IRA providers allow you to hold gold in your retirement account alongside other types of investments such as stocks and bonds.
Gold IRAs and 401(k)s
One very popular combination is gold and 401(k)s. These accounts allow you to use your retirement account as a fund to purchase gold. Gold IRAs and 401(k)s are similar products, but they differ in how they are funded.
Gold IRAs are funded directly by cash. In contrast, 401(k)s have rollover options that allow you to roll money over from a previous employer's retirement plan.