Precious Metals IRAS
A good way to invest in precious metals is through a Self-Directed Individual Retirement Account. You can convert your low-yield IRAs to accounts that are fully funded with your own physical gold, silver, platinum and palladium secured at an internationally recognized precious metals depository
What is a Self-Directed IRA?
A Self-directed IRA is exactly like any other IRA, with one major difference. You get to choose where your IRA funds will be invested, rather than just accepting whatever the IRA Trustee or Custodian offers.
With a self-directed IRA, you have the flexibility to invest in certain precious metals:
gold, silver, platinum and palladium coins and bullion.
When it is time to take distributions from your IRA, you may choose to convert your precious metals investments to cash through Vault Wholesale, or take a distribution of the actual coins or bullion. This flexibility means you can wait for optimum market conditions before you sell.
How to open a Precious Metals IRA
We recommend three reputable firms who are custodians for Self-Directed IRAs who accept physical bullion
There are three simple steps:
- Establish your account
- Fund the account with regular contributions, transfers or rollovers
- Purchase metals from Vault Wholesale that will be shipped directly to your custodian
We will be happy to guide you through the process of establishing your account.
Please call us at 503.213.3352, seven days a week so we can get you started.
Permissible Precious metals include:
Silver Eagle Coins
Austrian Philharmonic coins
Silver Canadian Maple Leaf Coin
Platinum / Palladium
Canadian Maple Leafs
Bars and rounds
produced by manufacturers accredited by Nymex/Comex, or a national mint.
The minimum finenesses for bars are:
UPDATE: We have fielded may questions about so-called Home Storage IRAs. We’re not attorneys, accountants, or tax experts, but in our humble opinion, we would steer clear of these vehicles. They are structured to prey on your fear and from what we can tell, they are not legal.
Here’s an article from somebody who is an expert with their opinion: