Precious Metals IRA | Benefits, Rollover, Storage Options and Companies

precious metals ira guide


Do you want to include precious metals such as gold in your IRA? Well, I am glad to hear that! A precious metals IRA is a type of self-directed IRA which consists of IRS approved coins and bars. Unlike paper currency, physical bullion is kept as an investment in such accounts. There are four types of precious metals that you can include in your self-directed precious metals IRA. They are Gold, Silver, Platinum, and Palladium. Gold is most famous among all the IRA-approved metals due to a vast majority of buyers.

Benefits of Precious Metals in IRA

The majority of the people have simple retirement accounts holding paper money as assets. So, why should I buy luxury metals with my retirement funds? Here are some of the logical reasons that support precious metal investing.

  • Complete Diversity to the retirement portfolio. Diversity has become an important factor in calculating "CIBIL" for the account holder. It assures government institutions that the individual is more likely to get confirmed returns in the future.
  • Tax Benefits. 401k accounts are liable to federal taxes. Converting 401k into precious metal IRA allows the account holder to get a rebate in taxes.
  • Assured Returns. Unlike the stock market, these metals are not subject to market risks. One can sell these metals at the time of maturity to retrieve the paper money.
  • Huge Gains. The price of luxury metals such as Gold has risen exponentially in the past few years. If you invest now, it will provide huge returns shortly.
  • Easy to Trade. These IRA approved metals acts a symbol of recognition. People around the world may not have heard about your native currency. But the shiny metals like Gold, Silver, Platinum are known to every citizen in the world.
Let me know, which one has the above benefits has assured to invest right now in the comment section.

3 Step Guide to Precious Metals IRA Rollover

Now you know the advantages of investing in physical bullion, it’s time to open a brand new self-directed precious metals IRA account. Opening a metal retirement account is very easy and quick. Once you have all the necessary documents, you are good to go. But if you have an existing tax liable account such as 401k, TSP or Roth, you will have to cross some extra hurdles. Here is the simple 3 step guide to precious metals IRA rollover. Do not worry; I will walk you through.

  1. Get NOC letter from Employer.
  2. Transfer funds into the new account.
  3. Purchase IRA coins and bars.

Step 1: Get "NOC" letter from Employer.

If you are a part of a multinational company or a regional institution, then your account is probably supervised by your employer. In general, once an employee gets a job in a company, the manager or the human resource team opens a salary account. After few years of service, the company asks him/her to open a retirement account. The employer assigns a trustee or custodian for the IRA. The trustee remains the sole operator of the account unless the employee wants to shift the mode of investment.
Since you are now about to invest in precious metals, this is very much the time when you consult with your employer. Have a good and healthy discussion about willingness to buy gold and other metals with retirement funds. If the employer finds a valid and supportive argument in your reasoning, he should provide you the NOC (No Objection Certificate) for your activity. Once you have the authority letter, confront with your custodian. Ask the IRA custodian about the governing rules and regulations of the rollover. Get details of your existing account such as account number, funds available in the account, IRA contribution limits, etc. Open a new account with the help of your custodian. This new account opening takes around 5-7 days excluding public holiday. You will be intimated by email or a call.

Step 2: Transfer funds into the new account.

Once you have opened a self-directed precious metals IRA account, it is time to transfer the funds from the old account into the new account. Remember, according to IRS laws it is advisable to move 60% of the money in a single go. The funds are liable to taxes if it exceeds the prescribed value. Also, to follow diversity in the retirement portfolio, it is advised to invest moderately in precious metals. You should invest rest of the money in stock bonds, mutual funds, EFTs, equities and other government securities. By this way, you can allow natural diversity to the profile.

Step 3: Purchase IRA approved coins and bars. 

Once you have deposited your funds into the new account, it’s time to buy physical bullion. As I have mentioned earlier in the post, there are four types of precious metals. You can buy any number of coins as you like with your money. There are no such restrictions on the purchase as long as the precious metals fidelity is followed.

You can also take help of precious metal IRA Company to transfer your existing account. These IRA companies are well versed with the documents and processing of the applications. Hiring a company or custodian makes the task easily.

Click here to hire a gold IRA company now.

List of IRA approved Precious Metals:

1. Gold:

Gold is the most popular and invested metals of all. It has always been a symbol of purity and luxury. Even Donald Trump; President of United States of America; has gold plated his trump tower doors, walls, and even the private jet. If you hold gold bullion in your retirement account, it is called Gold IRA. Here is the list of gold bars and coins which you can keep in your account.

•    American Gold Eagle bullion coins
•    American Gold Eagle proof coins
•    Canadian Gold Maple Leaf coins
•    Austrian Gold Philharmonic coins
•    Australian Kangaroo/Nugget coins
•    Chinese Gold Panda coins
•    American Gold Buffalo
•    Gold bars produced by a NYMEX or COMEX.

2. Silver:

Silver has a vast history. It has been used to make coins since 700 B.C. Silver is slightly harder than gold and conducts electricity like no other metal. The term 'sterling silver' about the grade .925 silver emerged in England. More than 78% of the world population buy silver on auspicious occasions. Here is the list of IRA approved silver coins, you can buy.
•    American Silver Eagle bullion coins
•    American Silver Eagle proof coins
•    Canadian Silver Maple Leaf coins
•    Austrian Silver Philharmonic coins
•    Australian Silver Kookaburra coins
•    Chinese Silver Panda coins
•    Mexican Libertad coins
•    Silver bars produced by a NYMEX or COMEX.

3. Platinum:

Platinum is also known as “little-silver.” It is highly un-reactive and shiny metal which is used in wedding accessories, wedding Rings to be more precise. Platinum is one of rare earth metals and is mostly found in South Africa. You can never ignore this precious metal when you are planning precious metals investment. Here is the list of IRA-approved platinum coins.

•    American Platinum Eagle coins
•    American Platinum Eagle Proof coins
•    Canadian Platinum Maple Leaf coins
•    Isle of Man Noble coins
•    Australian Platinum Koala coins
•    Platinum bars and rounds produced by a NYMEX or COMEX.

4. Palladium :

Palladium is a chemical element with symbol “Pd.” It is also a rare and lustrous silvery-white metal discovered in 1803 by William Hyde Wollaston. It is commonly referred to as “White-Gold.” Primary applications of Palladium are in Jewelry, Electronics, and Dentistry. Palladium is also used to store Hydrogen at room temperature. People have shown less interest in palladium as an investment over the years. Here is the list of IRA approved palladium coins and bars which you can purchase with your precious money.

•    Canadian Palladium Maple Leaf coins
•    Palladium bars and rounds produced by a NYMEX or COMEX.


Congratulations on purchasing precious metals for your retirement account. Now, how you plan to store this luxury? Well, you will have to follow precious metals IRA rules otherwise be prepared to face substantial penalties. So, what does the law say? Can I store my precious metals at home?

The answer is all IRAs, including precious metals IRAs, must be in possession of a trustee or a custodian. 
You can’t store your investment at home. According to IRS publication, 590 and I quote-“The trustee or custodian must be a bank, a federally insured credit union, a savings and loan association, or an entity approved by the IRS to act as trustee or custodian.” 
You must find a precious metals custodian, who can take the possession on your behalf. These custodians operate under a reputed company which provides secure vaults for the storage. They charge annual fees for the safe storage.

Top Rated Precious Metals IRA Company:


After spending days on market research and customer feedbacks, I have finally reached to the best precious metal investment company. Regal Assets is the ranked as the highest rated physical bullion investment company. Over the span of 7 years, the company has managed to stay on the top of the business. I was unable to find a single negative review of the company on the internet. On the contrary, Regal Assets has been honored by BBB with a rare 5-stars rating.  You can download “Free Gold IRA Kit” which includes Forbes Edition featuring Regal Assets. The custodians are highly experienced and motivational. With deep gold IRA investment knowledge, they educate their customers beforehand. How can I forget to include the fantastic customer care support? No matter what, you will not be disappointed with the level of customer care experience they provide over a call. They can even open your precious metals IRA account online. So you don’t have to worry about lengthy form fillings and paperwork. Just call them, and they work for you. One more added advantage of giving Regal Assets a chance to serve you is that they have world class storage. Big billionaires such as Jerry Doyle, Jim Rogers, George Soros, Carl Lcahn and others have kept their precious metals in Regal Assets vault. 

Precious Metals IRA Reviews by Billionaires

Now is the right time to invest in physical bullion. Big billionaires have already converted their paper money in shiny metals. Here are some of the reviews from billionaires and millionaires who have invested their money in precious metals. 

1. Carlos Slim: World’s richest man net worth $55 billion. 
"With the same things that were done in 2000 and 2001, when it was temporarily solved with big expenditures and very aggressive monetary and fiscal policy, aside from lowering taxes, we should be directing more money to the real economy, not to the financial economy. The volatility of the markets is so high that more is won or lost in a single day than in five years of accumulated interest. And that’s not a good thing. I am fortunate enough that I invested in precious metals like Gold."
 
2. Marc Stern: Invested over $6 billion in gold. 
“We’re looking now at what the world financial system is going to do with all this money that was printed during the financial crisis, if there’s continued inflation, we’ll see a global trend for raw materials and gold is not an exception. I’m optimistic that the gold price will stay at the same price or higher.”
 3. Eric Mindich: Invested over $800 million in precious metals. 

“Gold is poised to complete its 11th consecutive annual gain, the longest winning streak in at least nine decades, on the brink of a bear market.”
 4. Michael Avery: He currently holds $3.3 billion of Waddell & Reed fund in gold. 
“In 5,000 years of human history, gold has been the currency of choice, the store of value, when people have called into question their governments’ efforts to solve problems by running printing presses and injecting money into the economy.”
 5. M.G. George Muthoot: Muthoot group of companies has a net worth of $1.1 billion. 
“If this business were as easy as it sounds, all my branch managers would be setting up their gold loan companies.”
 6. John Paulson: Invested over $4.6 billion invested in Silver, Platinum, and Gold. 
“I view gold as a currency, not a commodity. It’s importance as a currency will continue to increase as the major central banks around the world continue to print money.” 

Summary: 

Precious metals IRA is a modern investment tool to secure retirement. The current trembling economy does not provide assured of the return on investments. No one can predict the nature of currency. Today’s money is more vulnerable than ever before. One can not only invest all the retirement funds in mutual funds, shares, and bonds. As they are subject to market risks, profits fall if the market fails. So, make a wise move and secure your retirement with self-directed precious metals.  

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