What type of retirement accounts can be converted into a gold IRA?
- Traditional IRA
- Roth IRA
- Simple IRA
- SEP IRA
- Pension Plans
- TSP - Thrift Savings Plan
- Tax-Sheltered Annuities
You can also hold precious metals in Coverdell Savings Accounts and Health Savings Accounts. If you do not see your account listed here, call us for advice.
What will be held in my IRA, a paper certificate or the actual physical asset?
You will be the owner of physical precious metals. No paper certificates are involved.
Where is my gold stored?
Your gold is stored at an IRS-approved storage facility called the Delaware Depository Service Company, located in Wilmington, Delaware. Approved depository facility of NYMEX, COMEX, and CBOT
“All Risk” insurance coverage.
State of the Art Inventory Control and Security Systems monitored 24 hours a day, 365 days a year.
Detailed confirmation of assets received.
Allows you to store an unlimited amount of precious metals.
Do I have access to my gold in my IRA?
Yes. You may actually visit and inspect your precious metals at the Delaware Depository. If you want to take possession of your metals through an IRA distribution, you can either choose to have them shipped to you directly or you can sell them in your account and have cash wired to your bank account.
Why can’t I hold precious metals within my existing IRA?
Most banks and custodians are neither approved nor capable of offering the services necessary to facilitate physical asset ownership. Most banks are only equipped for electronic trading and storing information in computers. In most circumstances, all your financial advisor can provide is assistance in purchasing gold EFTs or shares of a mining corporation. As we discussed earlier, those do not provide the specific advantages of owning physical metals. Opening a new self-directed Gold IRA allows you the freedom to hold physical Gold and other precious metals directly within your qualified retirement account.