The Recycled Gold IRA and Recycled Gold 401(k)

Self-directed IRA holders have discovered gold – in the trash. Some of our clients recently found out how to invest in gold while also being environmentally responsible.  There may be more options for recycled gold, but the one that was brought to our attention, Ohio Precious Metals  extracts the metals from electronics, jewelry, the banking industry (not sure why the banking industry would give up the goods), photographic equipment and other industries.  Gold IRA and Gold Health Savings Account (HSA) owners have been buying recycled gold bars and coins. If I was allowed to ever have any opinion on an investment, which I’m not, I’d think it was pretty cool.

You probably already know that some other self-directed IRA custodians choose the gold dealer for the IRA holder, but our clients use their gold IRA or gold 401(k) or gold HSA to buy gold (or silver or platinum or uranium) from any dealer.  And of course, our clients can pick anywhere to store their gold (as long as they’re an authorized storage facility). Again, I’ll repeat: We never give our clients investment advice. We never tell anyone where to buy or where to store their gold.

As long as I’m repeating myself, let me say again that when it comes to a gold ira or a silver ira or any other precious metal ira, you’re only investing in the metal itself, not the pretty coin.  No matter what image is on the coin.  No matter what kind of bar.  Gold IRAs, Silver IRAs, etc are only investing in the metal – never collectible coins.

Ohio Precious Metals, a 35-year-old company, also recycles silver, platinum, and palladium.  (I don’t know about uranium).

Photo courtesy of bogenfreund.