Holding Physical Gold or Silver in Your IRA Can Protect You During Uncertain Economic Times.

If you are like other investors, you are worried about these current economic times. Many are now searching for the top gold ira companies to diversify their retirement portfolios.

What is a Gold or Silver IRA?

A gold backed IRA or precious metals IRA is an Individual Retirement Account where actual physical gold or one of the other approved precious metals are held for the benefit of the account owner.  It functions in the same way as a regular IRA, with the exception of instead of holding paper assets, it actually holds some type of physical bullion or coins instead. This type of IRA is usually a self-directed IRA, which is a type of IRA wherein the custodian of the IRA will allow more diverse investments held in the account. A gold self-directed IRA can include various types of retirement accounts to include a Roth IRA, SEP IRA, HAS, TSP, Simple IRA and also a 401(k) account.

There are actually four types of precious metals that can be held in an individual retirement account.  They are gold, silver, platinum and palladium, as long as they are the form of IRS-approved coins or bars. Of these metals, gold is the most commonly purchased to be held in a retirement account. Although a retirement account can hold any combination of these precious metals. Silver seems to be the second most common metal held in an account.

Precious metals are used by investors to act as a long-term hedge against inflation and to provide diversification for their portfolio.

The Internal Revenue Code requires that all approved precious metals have to be stored in a certain manner. The custodian for the account may provide in-house facilities for holding of the metals or use a third party depository for storage.

Why Choose a Gold or Silver IRA?

  • Hedge Against Inflation

    The major consequences of inflation are a shrinking dollar, a decrease in purchasing power and real wealth destruction due to a declining currency. Investors see the opportunity to invest in gold or other precious metal is in reality a hedge for their retirement account or investment monies. They use hedges as a counterbalance to other asset classes. If a certain asset class is experiencing losses, then they are protected with their hedge in a different asset class. Precious metals surge in value as the dollar declines.

  • Preservation of Wealth

    Precious metals preserve wealth and create investment portfolio stability in turbulent times more effectively than any of the other asset classes. The preservation of wealth and the stability that is offered remains as strong as ever to today’s investor. It is one of the few assets that are not affected by a promise to pay, as it offers safety from widespread default risk.

  • Safe Haven

    Safe haven investments provide protection from any potential financial disasters that may arise. In times of crisis or stressful economic times, precious metals carry the least amount of risk and the greatest amount of liquidity.

  • Direct Investment

    Investors know that holding physical precious metals will provide them with long-term buying power.

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What Precious Metals Can Be Held in an IRA?

  • American Gold Eagle (bullion coins and proof coins)
  • Canadian Gold Maple Leaf coins
  • Austrian Gold Philharmonic coins
  • Chinese Gold Panda coins
  • S. Buffalo Gold (uncirculated coins – proofs not allowed)
  • Credit Suisse gold/PAMP Suisse gold bars
  • Gold bars and rounds that have been produced by those manufacturers accredited by Nymex/Comex, LME, LBMA, NYSE/Liffe/CBOT, and ISE-9000 or a national government mint and that meet the minimum fineness requirements
  • American Silver Eagle (bullion and proof coins)
  • Canadian Silver Maple Leaf coins
  • Austrian Silver Philharmonic coins
  • Australian Silver Kookaburra coins
  • Chinese Silver Panda coins
  • Mexican Libertad coins
  • Silver bars and rounds that have been produced by those manufacturers accredited by Nymex/Comex, LME, LBMA, NYSE/Liffe/CBOT, and ISE-9000 or a national government mint and that meet the minimum fineness requirements
  • American Silver Eagle (bullion and proof coins)
  • Canadian Silver Maple Leaf coins
  • Austrian Silver Philharmonic coins
  • Australian Silver Kookaburra coins
  • Chinese Silver Panda coins
  • Mexican Libertad coins
  • Silver bars and rounds that have been produced by those manufacturers accredited by Nymex/Comex, LME, LBMA, NYSE/Liffe/CBOT, and ISE-9000 or a national government mint and that meet the minimum fineness requirements
  • Palladium bars and rounds that have been produced by those manufacturers accredited by Nymex/Comex, LME, LBMA, NYSE/Liffe/CBOT, and ISE-9000 or a national government mint and that meet the minimum fineness requirements

The Minimum Fineness Precious Metal Requirements are as Follows:

  • Gold .995+
  • Silver .999+
  • Platinum .9995+
  • Palladium .9995+

Of note, coins that have undergone “certification”, also referred to as “slabbed” coins, are not allowed in retirement plans at this time. This includes the American Eagle coin.

What Are the Storage Requirements for a Precious Metals IRA?

In compliance with the Internal Revenue Services’ requirements, every IRA, including a precious metals IRA, must be possessed by a trustee or custodian, and not the owner of the account. The IRS specifies that for all IRA’s the trustee or custodian has to be a bank, a credit union that is federally insured, a savings and loan association, or an IRS approved entity to act as a trustee or custodian.

What Companies Offer a Gold or Silver IRA?

Check Out Our Reviews of these Companies

Regal Assets

Regal Assets

5 Star Rating TrustLink

Northwest Territorial Mint Logo

Northwest Territorial Mint

gainesville coins logo

Gainesville Coins

APMEX Logo

American Precious Metals Exchange

BullionVault Logo

BullionVault

Blanchard Gold Logo

Blanchard Gold

Heritage Gold Group Logo

Heritage Gold Group

Kitco

Lexi Capital Gold IRA Specialists

Lexi Capital

Provident Metals Logo

Provident Metals

Store Gold for IRA at Home

Is It Legal?

You may have recently seen an At Home Gold IRA, “Home Storage Gold IRA”, “See, Touch and Hold Your Gold” being advertised or “Store Your Metals Where You Choose”. But what you may not know is that this is really an advertisement for you, the investor, to establish a Limited Liability Corporation to hold the precious metals for your IRA in your home or, in reality, a bad scheme to sell gold, silver or other precious metal for IRA holdings.

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