Precious Metals IRAs
Precious metals IRA…
We hear it every day. “I wish I had money to invest in precious metals….”
Well, maybe you do!
In most cases, you can convert your existing Individual Retirement Account (IRA) to a self-directed precious metals IRA consisting of your own physical gold, silver, platinum and palladium and 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 encourage do do your own research, but will say that we have worked successfully with four reputable firms (listed alphabetically) who are Precious Metals IRA custodians.
The Entrust Group
Equity Institutional (formerly Sterling Trust)
There are three simple steps:
– Establish your account
– Fund the account with regular contributions, transfers or rollovers
– Purchase metals from Vault Wholesale (which we will be ship 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:
American Silver Eagle
Australian Kangaroos (we don’t list on our website, but we usually carry them. Please call for pricing and availability.)
Austrian Philharmonic (we don’t list on our website, but we usually carry them. Please call for pricing and availability.)
Canadian Maple Leaf
Bars and rounds
From manufacturers accredited by NYMEX/COMEX, or a national mint meeting minimum fineness requirements as follows:
The list above is not exhaustive and is subject to change.
Vault Wholesale is not affiliated with any precious metals IRA custodian. We do not recommend any specific custodian
Vault Wholesale receives no compensation from any of the custodians mentioned above (or any other precious metals IRA custodian).
Vault Wholesale does not offer investment advice. Please consult your accountant, CFA or financial attorney for professional assistance, tax implications etc.
PLEASE NOTE: 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.