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Gold IRA or Precious Metals IRA Investments

Gold IRA

Gold IRA or Precious Metals IRA

The IRS allows an IRA, Individual 401(k), or HSA to invest in certain precious metals while keeping the tax benefits associated with that account type.

Investing in precious metals such as gold, silver, platinum or palladium in your Self Directed IRA is one way to diversify your retirement portfolio. Many people have had experience investing their personal funds in precious metals. They are now looking to capitalize on that experience and generate retirement wealth that is tax-deferred or tax-free.

An IRA holder must choose a dealer/broker and a depository in order to invest in physical precious metals in his or her IRA. An IRA can purchase precious metals from any non-disqualified person (learn more) or entity. The depository is a secure facility where the metals are held in the name of the IRA.

The IRS requires an authorized IRA provider for all IRAs. Not all IRA providers allow their clients to invest in precious metals, but New Direction IRA does. You, the IRA holder, select a dealer/broker from which to buy metals, and direct us to send money from your IRA to close the deal. We make sure that the entire process takes place within your IRA, and thus deserves any tax benefits associated with the account type.
New Direction IRA has strengthened its support of and commitment to precious metals investors with the formation of its Precious Metals Asset Team (PMAT). The team includes specialists in precious metals IRA investment options, who are able to guide you through the entire process, and can help make self directed investing in precious metals an easy and pleasant experience. To reach the PMAT team, dial (877) 742-1270, ext.185. gold ira

Step by Step Guide to Acquire Precious Metals in an IRA

Step 1 – Open and Fund your IRA – It takes New Direction IRA one to two business days to open your account once your application is in the office. Then you will fund the account with a rollover, transfer, and/or contribution. This may take several weeks, depending on your current custodian, so plan for that in your timetable.

Step 2 – Choose a dealer and depository - The IRA is allowed to purchase metals from any non-disqualified person or entity.

Step 3 - Fill out a Buy Direction Letter and Depository Election Form, then submit it to NDIRA.

Step 4 – Agree on a purchase with the dealer. Dealer will send an invoice to NDIRA.

Step 5 - NDIRA pays the dealer from the IRA funds. NDIRA sets up an account at the depository in the name of the IRA. Metals are shipped by the dealer to the depository.

Have a Question?
Call 877-742-1270 ext. 185
or email: pmat@ndira.com

Gold IRA or Silver IRA - Important Things to Know

  • The IRA is the owner of the precious metals, not the IRA holder. Therefore, purchase, shipping and depository costs are paid by the IRA and all gains go back to the IRA.
  • All legal documents related to an IRA-owned asset must be in the name of the IRA, not your personal name. 
  • The IRS does not allow the IRA holder to possess the physical metals while those assets are in the IRA.
  • The metals must meet certain fineness standards, as specified by the IRS, to be held in a retirement account.
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Self Directed IRA educational videos - Precious Metals in IRA
gold ira

Gold IRAs – Introduction to Precious Metal Investing

Learn how investing in precious metals such as gold, silver, platinum and palladium with a self directed IRA/401(k) can be part of a sound plan to diversify your retirement portfolio. Owning gold and silver in an IRA is a viable investment option which has become increasingly popular among those who are seeking alternate investment opportunities outside the stock market. It is also a much quicker and easier process than many IRA holders realize. This brief 30-minute presentation will discuss IRS rules for precious metals investments, eligible metals and coins, as well as the basic steps on how to open, fund and invest in a precious metals retirement account with New Direction IRA.

Would you like to schedule a specific time to speak to an experienced precious metals Client Representative to discuss your precious metals investment needs and ask any questions about a self directed precious metals IRA?

Our staff is available to contact you between 8:30 am - 4:30 pm Mountain Time and would be glad to call you at a time that is convenient for you.

Gold ira provider
Gold - 99.5%
  • American Eagle coins
  • American Buffalo coins
  • Australian Kangaroo/Nugget coins
  • Austrian Philharmonic coins
  • Canadian Maple Leaf coins
Silver - 99.9%
  • American Eagle coins
  • Australian Kookaburra coins
  • Austrian Philharmonic coins
  • Canadian Maple Leaf coins
  • Mexican Libertad coins
Platinum - 99.95%
  • American Eagle coins
  • Australian Koala coins
  • Canadian Maple Leaf coins
  • Isle of Man Noble coins
Palladium - 99.95%
  • Bars and rounds meeting minimum fineness requirements
NOTE: Gold American Eagles are permissible even though they do not meet the fineness requirement.

Due Diligence for Precious Metals in an IRA

It is the IRA holder's responsibility to perform due diligence. New Direction IRA will work with any metals dealer and depository the IRA holder chooses. As part of their due diligence, the IRA holder researches potential dealers and depositories and chooses the option with which he or she feels most comfortable.

In selecting a dealer, an IRA holder might consider factors like price, fees and delivery time. When choosing a depository, criteria like location, insurance, security procedures, segregated vs. non-segregated storage, price and more might come into play. Note that dealer and depository fees are separate from NDIRA fees.

Learn about New Direction IRA Precious Metals Fees

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