Can I Open a New IRA With a Contribution?

Welcome back to GMRgold’s series on Precious Metals "self directed" IRA’s - A short series of videos that will explain everything you need to know on precious metals self directed IRA’s.

Make sure you catch all the videos in this series to get a full understanding of precious metals self directed IRA’s. This is the last of the videos in this particular series. We have more series on other important precious metals topics on our website, as well on our video channels.

Let’s continue…

Can I open a new IRA with a contribution?

Yes, you can open a new IRA with a contribution. Your annual contribution limit will remain the same.

Who holds the precious metals in my IRA?

Your GMRgold private advisor will help you select an IRS approved precious metals custodian that will manage your physical precious metals at a designated depository. At your direction, an IRS-approved precious metals custodian manages your physical precious metals. The custodian will provide you with consistent reporting on your precious metals IRA and earnings.

What’s the difference in Precious Metals ETFs vs. Precious Metals IRAs?

A precious metals ETF is best suited for investors and traders that desire to move in and out of markets quickly. ETFs are a paper instrument with counter party risks, and do not allow you to take physical possession of your gold and silver. On the other hand, owning physical precious metals is better suited to individuals that want to buy gold and silver and hold it longer term. If you own the physical precious metals within your self-directed IRA, you always have the option of taking physical possession of the actual gold and silver.

Thank you for joining us for the final video in our series on precious metals IRA’s. The link to the other videos in this series is in the link description below. Feel free to visit our website at your convenience for more information on this important topic, as well as many other topics on diversifying into precious metals.

We are here to answer any questions you may have about moving into the precious metals markets. Thank you for joining us in this series on precious metals IRA’s.