How to Get Physical Gold in an IRA

Gold IRAs have grown increasingly popular among investors concerned with inflation and other risks. But investors should be wary of any fees that might be associated with setting up and managing these accounts, including account setup and maintenance fees, storage charges and insurance premiums.

Physical gold doesn’t produce cash flows and cannot produce income that could be tax-deductible, making ETFs the superior investment choice over physical gold IRAs.

Self-Directed IRAs

Gold IRAs have grown increasingly popular as investors look for tax-efficient options to diversify their portfolios and add precious metals such as gold or other precious metals into self-directed IRAs, though investors should be wary of any associated fees or costs.

Gold IRA providers typically serve as custodians of accounts, and investors can then work with precious metal dealers to purchase items they wish to invest in directly, bypassing brokerage firm fees altogether.

However, an IRA custodian will still charge annual fees to manage and store an investment, increasing the overall costs associated with owning physical gold. Therefore, it’s wise to shop around for a reputable IRA custodian who offers comprehensive services at competitive prices; many also provide online dashboards to track performance of investments.

Brokerage Accounts

Custodians like Fidelity, Schwab or TD Ameritrade will typically not handle physical gold investments; you’ll require an independent self-directed IRA company specializing in precious metals like American Bullion or APMEX that specializes in precious metal investments to manage all aspects of your account in accordance with IRS regulations.

If you decide to invest in gold coins or bullion, your custodian will purchase them using funds from your IRA account and store them safely with an IRS-approved depository.

Coins or bullion held within an IRA can be costly, while investing in a gold ETF may be much more cost-effective and easier. ETFs can be bought and sold on the open market like stocks, with none of the additional storage or insurance costs required with physical ownership of coins and bullion. Whatever investment option you decide upon, it’s essential that you familiarize yourself with their advantages and disadvantages so you can make informed decisions that are best suited for your retirement portfolio.

Bank Accounts

For retirement portfolio diversification with physical gold, self-directed gold IRAs from Oxford Gold Group offer white-glove customer service and lifetime account custodian support, secure storage facilities for precious metals as well as online dashboards to monitor their performance.

However, physical gold IRAs don’t come without their share of drawbacks, including high ownership costs and inaccessibility of your gold for cash redemption or tax-advantaged income since physical gold doesn’t pay dividends or interest.

As soon as you reach age 70 1/2, all non-Roth IRAs require required minimum distributions (RMDs). If you withdraw any gold before this point in time, taxes and penalties could arise; thus making this an important consideration before investing in physical gold IRAs.


Gold IRA custodians are financial institutions approved by the IRS to manage precious metals IRA accounts. These IRAs must remain separate from other IRAs and may only receive up to $6,000 or $7,500 per year depending on your age.

Physical gold can offer investors several advantages; it can help to diversify your retirement portfolio and offer protection from inflation; however, its ownership doesn’t generate cash flows for its owner, plus there may be costs involved with buying, holding and selling physical gold.

These fees include storage, management and other costs that can eat into your returns. When investing in physical coins or bullion, make sure they meet IRA-approved purity levels; additionally, consider companies offering online dashboards to monitor investments – this could save both time and money! And remember – taking distributions prior to age 59 1/2 requires paying taxes even with an IRA buyback program in place!

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