Are Gold IRAs Worth It?

Gold IRAs should not be approached lightly or made quickly without extensive research from reliable sources. Avoid being coaxed into investing by companies offering limited-time sales or making unsubstantiated claims about an impending economic collapse.

An IRA holding precious metals incurs various fees and charges similar to traditional IRAs, such as setup and custodian fees.

Investing in Precious Metals

Many investors appreciate the diversification that precious metals bring to their retirement accounts and the hedging capabilities that gold offers against inflation.

Before investing, it is crucial that you thoroughly research the risks involved with IRA-approved precious metal investments and consult a financial advisor or precious metals IRA specialist before making any definitive decisions.

Precious metals offer protection from global economic crises due to their independence from paper assets. This makes precious metals an effective investment choice.

Exchange-traded funds and mutual funds that track gold indexes and prices provide investors with exposure to precious metals without needing a gold IRA, providing easier access to alternative assets without incurring extra fees associated with gold IRAs. A gold IRA requires storage and custodial fees payment and fulfilling minimum account balance and contribution requirements set out by their IRA provider, creating costs to maintain this account type that many may find prohibitive.


Gold IRAs require physical precious metal purchases, which carries additional tax implications and custodian/depository considerations, according to Moy. Investors also run the risk of theft or other loss as these tangible items present additional challenges not seen with paper assets such as stocks and ETFs.

Companies offering precious metal IRAs usually charge fees to open and manage an account, including fees to store and insure physical assets like coins or bullion. Furthermore, markup fees on metal prices may apply depending on whether or not the metal in question belongs to bullion, coins, or proofs categories.

Fees can eat away at the returns from your precious metals portfolio quickly. To minimize extra expenses, look for companies offering transparent fees and competitive purchase prices, such as Delaware Depository. Furthermore, ensure they store investments safely by choosing one approved by IRS such as Delaware Depository for safe keeping of investments.


Gold has long been used as an inflation hedge and many investors find precious metals IRAs an excellent way to diversify their retirement savings portfolios. Before investing any funds in one, investors should carefully assess any associated fees before transferring any money over.

When choosing a precious metals dealer for your self-directed IRA, look for companies with clear fees disclosure policies. Avoid custodians with hidden or opaque fee structures which could add up over time; for example some charge scaled or flat fees which increase in tandem with account size while some may offer discounted first year fees but make sure you add up how much will actually cost annually over time.

Similar to gold IRA dealers, many gold IRA dealers may not be licensed to provide financial advice or act as fiduciaries for their customers. Instead, these dealers often earn commissions off products they sell rather than focusing on your financial wellbeing.


Gold investments through a self-directed IRA can add diversification and protection against inflation to your retirement portfolio, but can be expensive. Before purchasing precious metals, make sure you perform sufficient research and find an established dealer with transparent pricing and no ancillary fees attached. It’s also essential that investors understand that past performance of gold does not guarantee future price appreciation.

When buying gold for an IRA, the best method is generally through an approved depository company. Such depository firms provide various buying and selling options with additional fees applied for shipping, storage and insurance costs. Some depository firms even offer buyback programs if you need to sell before meeting the minimum distribution age of 70.5 or 72; be wary of companies who provide this buyback at wholesale market price rather than retail market price as this could result in significant financial loss from your investment.

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