Can You Buy Gold and Silver in a Self-Directed IRA?

Physical investment of precious metals cannot be done through a traditional individual retirement account (IRA), so instead, an SDIRA is necessary to invest in what the IRS considers alternative assets.

SDIRAs allow you to select your own trustee, choose gold and other precious metals that meet IRS rules, purchase them and send them off for storage at an authorized depository. There may be fees involved with setting up, transacting and storing the metals.

Buying Gold

Gold purchases in your self-directed IRA can add diversification to your retirement portfolio while acting as an inflation hedge – typically increasing as the dollar devalues, protecting your savings against inflation.

Your self-directed IRA gives you more flexibility and control than investing through ETFs or mutual funds, since its custodian must approve each purchase of physical gold and silver.

To purchase precious metals, it is necessary to find an IRS-approved dealer with appropriate licenses, registrations and insurance. Most experts advise limiting precious metal investments to no more than five percent of retirement assets; and make sure the dealer you select has an established reputation and strong track record of service delivery.

Buying Silver

Silver is an attractive investment choice for precious metal enthusiasts and available through many IRA custodians. It can often be less costly than gold while offering industrial applications as well as providing protection from inflation. Silver may also help diversify retirement portfolios through providing inflation protection.

Self-directed IRAs offer significant tax advantages when used to purchase silver or other investments, including tax deferral for traditional IRAs and tax free returns for Roth IRAs.

IRS rules stipulate that silver and other precious metals owned by your IRA must be stored in an approved depository. American IRA offers several approved depository options from which you can select to store your precious metals, with annual valuation reports to the IRS made by your custodian based on dollar value plus premiums, including premiums paid. In order to meet IRA purity standards, bullion must have been hallmarked by either NYMEX or COMEX-approved assayers with 24k (0.9999 fineness) gold or silver content such as U.S. Gold Eagle coins or PAMP Suisse bars – in other words U.S. Gold Eagle coins or PAMP Suisse bars are acceptable as examples of such bullion.

Selling Gold

Self-directed IRAs allow investors to invest in any asset the IRS authorizes as long as it complies with tax laws, including precious metals like gold and silver. Such assets have numerous retirement advantages: diversification benefits and potential gains over time are just two benefits that precious metal investments provide; it’s just important that buyers first familiarize themselves with IRA rules before purchasing anything; you must store your precious metals either with an approved depository or keep them at home before having them annually appraised for value.

Your precious metals IRA account requires you to purchase precious metals through an approved dealer, but it’s up to you to find one you trust. Consider membership of trade associations such as American Numismatic Association and Industry Council for Tangible Assets as well as certification by Professional Numismatists Guild before selecting one; make sure it also meets purity requirements set forth by your IRA plan.

Selling Silver

Add precious metals to your self-directed IRA for a great way to diversify your portfolio and reduce volatility. Precious metals were among the earliest forms of currency and continue to be seen as safe investments that offer potential protection from inflation; while central banks can print money, precious metals prices tend to increase when stock markets slump.

IRAs allow investors to purchase coins and bullion made of silver, gold, platinum, or palladium that satisfy purity requirements for ownership in an IRA. Furthermore, the IRS discourages home storage of metals stored within an IRA, suggesting instead to store them with a designated depository instead.

Most companies that provide Self-Directed IRAs partner with precious metal dealers and depository to make investment transactions easy for clients. Madison Trust partners with FideliTrade and Delaware Depository on all gold IRA transactions. Their company then works directly with clients to purchase the exact bullion that suits their individual needs.


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