As the saying goes, “Don’t put all your eggs in one basket”, especially if that basket is made of paper. A precious metals IRA allows you to invest in physical gold, silver, platinum, and palladium - tangible assets that are seldom available in an employer-sponsored 401k / 403b or conventional IRAs.
Many retirement plans heavily rely on volatile financial markets. During the 2008 Financial Crisis and the Dot-Com Crash of 2000, it was not uncommon to see accounts lose 50% or more of their value. What’s worse is that after the 2000 crash, the market took 8 years to recover, which was immediately followed by another crash which took the average account value down 50% again, and took over 6 years to recover.
Gold and Silver are seen by many financial experts as a hedge against the inflation caused by these stock market failures. This is because the price of gold has historically had an inverse relationship with the U.S. dollar. Normally, when the paper-dollar-backed-stock market crashes and the government prints more money, the price of gold goes up. Because of this, adding precious metals like gold to your investment portfolio can as much as double your risk-adjusted returns.
Investors are often drawn to precious metals specifically for their growth potential. Precious metals are physical assets that hold intrinsic value. They are mainstream assets that are used in industries like jewelry, electronics, science, energy, and national defense. Furthermore, there is a limited supply of precious metals; more cannot be printed or programmed into existence. We believe as the demand for precious metals increases and supply remains limited, their price is bound to increase. In the 21st century alone, the price of platinum has increased 240%, the price of silver has increased 490%, and the price of gold has increased an astonishing 670%!
For the past 30 years, inflation has made reaching financial goals challenging and sometimes just plain unattainable. Many clients have expressed the desire to leave something behind that can not only keep up with inflation but grow their hard-earned wealth. Precious metals like gold continue to be the most attractive option for our clients due to their ability to outperform inflation over time and help build generational wealth.
A Precious Metals IRA comes with all the same tax benefits as a conventional IRA and many more! We recommend you ask your CPA about in-kind distributions, and potential tax benefits they provide.
Setting up your very own precious metals IRA is easy and it only takes about 5 minutes to fill out all the paperwork. If you’re ready to get started and set up your account, give us a call at 800.719.7408. Your dedicated account representative with walk you through the simple online application and assist you in sending back the completed application via fax, email, or physical mail. After we receive your application, your account will be completely set up within 24 - 48 hours!
One of the most common ways our clients fund their new IRAs is through a rollover, or transfer of funds from an existing retirement account. Our full service IRA department does all the heavy lifting, and quickly completes a rollover / transfer call with your existing custodian
Once your precious metals IRA is funded, you can start to fill it with any combination of gold, silver, platinum, and palladium that you want. Your account representative will help walk you through your options of bullion, bars and coins to fill your account. After you decide, we take care of everything else!
The IRS has specific guidelines for the type and fineness of precious metals that can be deposited in a precious metals IRA. Only physical gold, silver, platinum, and palladium can be held, with many collectible and rare coins not being eligible. Specific items that qualify for each of the precious metals are shown below.
IRS Certified Gold Items:
IRS Certified Silver Items:
IRS Certified Platinum Items:
IRS Certified Palladium Items:
Your account representative will be more than happy to go through all your options and explain the potential benefits and risks of each item. Our goal is to educate and give you the freedom to decide what metals are right for you and your long-term investment goals.
A precious metals IRA has all of the same rules regarding yearly contribution limits, tax benefits, and distribution rules at retirement. However, one of the unique things our clients love about their precious metal IRAs is the flexibility they offer. Since a precious metals IRA holds physical assets instead of paper ones, you have more options when it comes to withdrawals.
You can have your physical precious metal shipped to you after the distribution.
You can opt for us to re-purchase the metal from you, giving you the fair market dollar value of your investment. Either way, making a withdrawal is as easy as calling your dedicated account representative!
The IRS has specific guidelines for the type and fineness of precious metals that can be deposited in a Gold IRA. Only physical gold, silver, platinum, and palladium can be held in a Gold IRA. Specific items that qualify for each of the precious metals are shown below.
The IRS requires that all physical gold, silver, platinum, and palladium be handled, stored, and insured by an IRS-approved Depositories. There are several approved Depositories with state-of-the-art facilities spread around the US. These include Brink’s Global Services, the Texas Bullion Depository, and the Delaware Depository Service Company. All physical assets are 100% insured with all depositories.
When withdrawing from your Gold IRA, you have the option to receive physical delivery of your precious metals or receive a cash equivalent.