Can You Buy Gold With Your IRA?

Because of IRS rules that consider physical gold coins and bullion collectibles, most mainstream IRA custodians do not allow you to invest in physical form – the best solution would be opening a self-directed IRA with one of several custodians that specialize in this form of account.

An experienced gold IRA provider should make the buying and selling experience as seamless as possible, offering potential buyback options should you decide to liquidate your investment at some point in the future.

Noble Gold

Noble Gold is an established precious metals IRA company, providing investors with assistance for investing in gold IRAs. Their team of experts understand the significance of diversifying an investment portfolio with precious metals and can guide you through this process. In addition, Noble Gold also offers a buyback program should investors need to liquidate their investments.

Noble Gold advises investing in physical gold through a self-directed individual retirement account (SDIRA). Physical gold does not generate dividends, interest payments or capital gains distributions that would otherwise require taxation upon withdrawal if investing through stocks, mutual funds or ETFs.

An SDIRA provides access to investments not available through traditional custodians like Fidelity, Schwab or TD Ameritrade – such as real estate investments, private equity funds and even undeveloped land. Noble Gold makes the process of setting up gold IRAs easy by offering free setup and transfer services, competitive precious metal prices and secure storage via their partnership with International Depository Services Group and Texas Bullion Depository.

Gold IRAs

Gold IRAs enable people to save for retirement by investing in physical gold coins, bullion, or bars. Unlike stocks or mutual funds, which generate income taxed while they’re held within an IRA account, the value of a gold IRA will only be taxed when its withdrawal occurs.

Physical gold investment can be an excellent way to hedge against inflation and diversify an investment portfolio, but before opening an account it is vitally important that investors review IRS rules and fees charged by custodians as well as seek a company with experience handling precious metals and an established record of satisfied customers.

Fidelity and Schwab do not offer Gold IRA services, though there are a few providers such as American Bullion and APMEX who do. Make sure to shop around until you find one that meets your individual requirements best.

Precious Metals IRAs

Your retirement account (IRA) usually does not allow for precious metal purchases unless the plan sponsor has established a self-directed IRA that permits this. However, you can convert to precious metal-focused investing by rolling over your retirement account with a company that specializes in these types of investments.

Precious metals IRA providers possess the experience to assist you through the rollover process and ensure your precious metals meet IRS regulations. Furthermore, they collaborate with reliable depository providers for storage and insurance purposes.

Noble Gold offers an attractive service called the Royal Survival Pack that provides hand-selected precious metals with high levels of liquidity and recognizability, exceptional customer service, as evidenced by hundreds of five-star reviews online, competitive pricing on its products, making Noble Gold an attractive option for creating a Gold IRA; however, prior to opening one it is wise to consult an investment adviser about any specific financial considerations and establish your individual investment needs before opening one.

Self-Directed IRAs

Purchase of physical gold within an IRA requires numerous steps and hurdles. The IRS considers physical gold to be collectible and does not permit these collectibles in IRA accounts, however there are ways around this rule and doing it correctly can save on taxes.

Finding an IRA custodian willing to open and manage a self-directed IRA for precious metal assets can be challenging, since many mainstream IRA custodians do not offer these accounts and even those that do charge fees, often high fees such as one-time setup, annual maintenance fees and seller markup (a percentage of current spot price of precious metal), storage and insurance premiums.

Be sure to partner with a company that provides buybacks so you can sell back your precious metals easily if necessary. Some of the top gold IRA companies provide this option, making the process quick and painless compared to selling on your own. In doing so, you’ll save yourself both costs and hassle when selling back precious metals!