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Gold IRA Guide

Why Invest In A Gold IRA? Protect Your Retirement Savings

Thank you for visiting our gold IRA guide. Learn everything you need to know about owning physical gold in an Individual Retirement Account, 401(k) rollover and transfer rules, how to start a gold IRA, the best gold IRA companies, etc.

 
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Introduction Gold IRA Guide


For centuries savvy investors have been aware of the importance of gold as part of a well-balanced and diversified portfolio. Gold is a world-renowned safe haven for investors offering the ultimate insurance and protection against turbulent economic times.

Protect your assets with a gold or precious metals IRA and take advantage of a simple and easy IRS loophole that allows you to hold physical gold and silver with the money you already have saved in your retirement accounts, completely tax and penalty-free.

In this gold IRA guide, you will find all the information you need to protect your retirement savings account.

Overview

What Is A Gold IRA?

Why Invest In A Gold IRA?

Benefits Of A Gold IRA

Potential Risks Of A Gold IRA

Invest Safely With A Gold IRA

How To Start A Gold IRA

IRA-Approved Precious Metals Bullion

Rollover & Transfer Rules

Best Gold IRA Companies

What Is A Gold IRA?


A gold IRA, also known as a precious metals IRA, a gold-backed IRA, or a Roth gold IRA, is a specialized type of Individual Retirement Account (IRA) that allows investors to hold physical gold bullion or coins and other precious metals as qualified retirement investments.

“Because gold is one of the most commonly purchased metals, the commonly used term “gold IRA” simply means a retirement account containing any combination of precious metals.” – source: goldco.com

These special forms of IRA retirement vehicles are actually self-directed IRAs that are meant to hold physical gold coins and gold bars of high purity, as well as silver, platinum, and palladium if you so choose.

Thanks to the new IRS rules and regulations, you are now able to own high-purity (IRA-approved) and investment-grade gold bullion and the other precious metals in their tangible form in such accounts. This provides a safe way to protect your retirement savings, while also reaping the same tax advantages as a conventional IRA.

Why Invest In A Gold IRA?


Gold IRA Guide - What is a gold IRA? Why invest in a precious metals IRA? Best gold IRA companiesBy investing in gold and other precious metals through a gold IRA, you can rest assured that your assets are safe and secure. You do not have to worry about a possible stock market crash or inflation, where your paper assets would lose its value.

A gold IRA is the better choice since traditional IRA accounts may not be enough to provide for you and your loved ones post-retirement. Not if the economy continues spiraling out of control at this magnitude. Every single day the United States creeps further into debt and it is taking your IRA/401(k) along with it.

In fact, your IRA/401(k) has never been more in danger than it is today. As a result, big banks may be coming after your savings and retirement accounts.

For certain accounts, they could help themselves to your money to stay solvent during this looming financial crisis, and it is all going to be 100% legal because of the Dodd-Frank Act.
 


 
You can protect yourself by investing in IRAs that will not disappear if the dollar does. And the only secure financial asset that has stood the grueling test of time is gold.

A gold IRA permits individuals to diversify any portion of their retirement portfolio — including pre-existing IRAs and former 401k(s) with previous employers — by actually owning physical metals within that retirement plan.

Investors can securely possess physical precious metals in a tax-deferred account.

Many investors do not know how easy and safe it can be to invest in gold and particularly through a gold IRA. A gold IRA is subject to the same rules as a traditional IRA, which allows investors with existing retirement assets to easily invest in gold.

Gold is protection and serves as an inflation hedge. Gold should not be seen as an investment, but as financial insurance.

Gold IRA guide - Why invest in a gold IRA? Best gold IRA companies.Benefits Of A Gold IRA


1. Inflation Hedge/Protection

The stability offered by gold is unmatched. The greatest single reason to invest in a physical gold IRA is that precious metals are the smartest and easiest means of protecting your retirement account against the ravages of inflation and other manifestations of economic chaos.

As money gets inflated away by the meddling government, it decreases in value, but precious metals do not suffer at the hands of inflation. In fact, this asset class increases in value as the economy suffers and the American dollar declines over time.

2. Tax Advantages

Like any other IRA, a gold IRA offers the ability to accrue gains tax-free, while allowing you the benefit of owning physical gold coins or gold bars. There are no unfortunate tax consequences or hard requirements of declaring precious metals from the IRA to the IRS (since they are already aware of it).

If you would later decide to transfer your gold IRA assets to another approved investment or retirement plan down the road, you will not suffer any tax problems or penalties.

When deciding to liquidate, both Goldco and Regal Assets have buy-back programs and will offer you a much better price than a regular coin dealer or broker.

3. Diversification

Diversifying your assets with physical gold and silver can protect against inflation, currency risk, default risk, geographic risk, financial crisis, and government confiscation of your hard-earned money.

In addition, because the beta or correlation between stocks and bonds, compared to gold is extremely low, you can rest assured that falling stocks and bonds prices generally translate to rising precious metals bullion prices.

When financial conditions show signs of deterioration, as they do now, investors flock to gold to protect their assets.

Just a small allocation of precious metals–5% to 10%–could add a significant amount of protection to your portfolio if things get ugly in the financial markets.

It is also important to know that gold IRA accounts are not only restricted to precious metals bullion. They can also hold franchises, businesses, stocks, bonds, mutual funds, commodities and futures, mortgages, cash instruments, and other non-collectible forms of investments.

In fact, there is no other form of IRA investment or retirement vehicle, which can hold a larger variety of investments than the self-directed gold IRA.

4. Wealth Appreciation

Since President Nixon closed the gold window in 1971, gold has actually outperformed both the S&P 500 and the Dow Jones Industrial Average, despite the amazing stock market bull run of 1982-2000.

Gold’s performance in the 21st century has been even more amazing, with gold making more than double the gains of both the S&P and the Dow, which is a strong indicator you can put your trust in this metal.

Including gold within an existing retirement account could improve investment performance by either increasing returns, without increasing risk, or by reducing risk, without adversely affecting returns.

5. Rollover Ease

You can simply roll over or transfer part or all of any existing retirement account over to a gold IRA. The process is easy and painless and takes about 10 business days.

It just requires selling assets in your existing accounts, rolling those funds over to your gold IRA and using those funds to buy gold, all without having to front extra cash.

Read more about the rollover and transfer process in Gold IRA Rollover & Transfer Explained.

Besides, the gold IRA specialists will help you navigate the process without a hitch. You can find our recommendation of gold IRA companies here.

6. Gold Stands The Test Of Time

From the traders of antiquity to today’s most savvy investors, accumulating gold stands the test of time. Gold is accumulated for a myriad of reasons, including to hedge volatile stock markets, to offset fluctuating commodities prices, and as a safe haven against falling home prices.

To capitalize on consistent growth in value, gold has always proven the safest investment.

Goldco - a Top Rated Gold IRA Company. Specializes in Precious Metals IRAs, Gold IRA

Potential Risks Of A Gold IRA


1. The Price Of Gold Fluctuates

Like any investment, the price of gold can go up or down and have volatility. This is why it is recommended to diversify your investment portfolio into several asset classes. You can easily do this by combining, for example, gold and bitcoin in a crypto IRA.

2. Safeguard Against Unethical Companies

It is important to only be dealing with a company that has all the appropriate and required licenses, registrations, insurance, and bonds to protect your investment. Ask for verification of those licenses and other information before you invest your savings.

Look for a gold IRA company with an outstanding reputation from objective third parties, such as the Better Business Bureau or the Business Consumer Alliance.

Invest Safely With A Gold IRA


Once your new precious metals have been purchased, they must be stored according to IRS guidelines for gold or precious metals IRAs. Your precious metals investments are stored with a custodian, just like any other IRA asset.

More so, gold IRA custodians specialize in storing precious metals and have secure vaults set up to keep your precious metals safe. They also carry insurance to ensure that, in the very unlikely event that some metals get stolen or destroyed, your investments will be made whole.

How To Start A Gold IRA


To begin the process of opening a gold or precious metals IRA is simple, especially when you partner with precious metals experts who know the ins and outs of this type of IRA.

Let us show you the easy 4 steps when opening a gold IRA.

How To Start A Gold IRA Step 1

1. Select Your IRA Plan

To invest in precious metals you have to start with a self-directed IRA. As an investor, you can begin a new IRA account, or roll over from an existing retirement account. It is key to speak with a tax advisor and precious metals expert to make sure that you follow regulations and that any retirement accounts you currently hold are eligible for a gold IRA transfer or rollover, or other precious metals IRA.

How To Start A Gold IRA Step 2

2. Select A Precious Metals Custodian

Gold IRA assets need to be stored with a custodian per IRS regulations. Working with precious metals investing experts, like those at Goldco or Regal Assets, will help you find a custodian experienced with gold IRA investing to make sure your self-directed IRA is set-up correctly.

How To Start A Gold IRA Step 3

3. Select Your Precious Metals

When choosing precious metals, it is important to remember that they need to meet certain IRS rules and regulations to avoid retirement mistakes when investing. Working with a precious metals specialist will ensure that you are choosing the right types of gold and other precious metals.

How To Start A Gold IRA Step 4

4. Purchase Precious Metals

After you choose your desired metals as an investment, you can purchase your gold and work with your custodian to store it. The custodian will keep your assets safe and secure at a bullion depository so that they are there when you need them.

 
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IRA-Approved Precious Metals Bullion


IRA-approved precious metals bullion must meet certain exacting standards and specific pieces must be approved by the IRS in order to effectively be included.

With gold bullion, the standard is a minimum purity of 99.5%, while with silver it is 99.9% minimum purity. Find out more in 10 Reasons Why You Should Invest In Silver.

Additional precious metals to consider for investing are:

Platinum – Primarily used in automotive applications for catalytic converters to help reduce harmful emissions. It is also used in jewelry and other refining catalysts along with some computer applications. Platinum is rarer than gold or silver and has historically been as expensive as gold.

Palladium – Palladium is 15 times rarer than platinum and 30 times rarer than gold. It is used in automobile manufacturing, electronics, dentistry, and fuel cell production. Like platinum, palladium is primarily used in automotive catalytic converters.

You can find a complete list of what gold and silver bars, rounds, and coins that are IRA-approved here.

IRA-Approved Precious Metals Bullion - How To Invest In Gold, Gold IRA Investing

Rollover & Transfer Rules


Investing in precious metals through an IRA has to be done in accordance with the IRS rules and regulations, which is why it is important to work with a company that has a good track record working with these types of accounts.

A rollover occurs when you receive the distribution from your existing retirement account, and then turn around and deposit it in another retirement plan custodial account.

In this case, you would need to re-deposit the funds into the new retirement plan account within 60 days. If the 60 day time period is exceeded, you would be liable for taxes and penalties on the money withdrawn.

You may roll over the same money only once every 12 months to preserve the tax-deferred status of your retirement savings.

A transfer you can do at any time with your existing IRA, as long as the assets go from custodian to custodian. In a direct transfer, the money flows directly from one IRA custodian to another.

This means that the distribution check from the old IRA custodian must be made out in the name of the trustee or custodian of the new IRA account that receives the funds.

Transfers may be made as often as you want. Find out more about the rules and regulations in Gold IRA Rollover & Transfer Explained.

Gold IRA Rollover & Transfer Explained

IRA-Approved Bullion

Welcome to gold IRA rollover & transfer explained.

Learn what the difference between a gold IRA rollover and transfer is, what are the rules and regulations, how to store your IRA gold, when you can take physical possession of your gold, etc.

Check out our IRA-approved bullion guide.

Learn the requirements set forth by the Internal Revenue Code for IRA-approved gold and silver bullion.

Best Gold IRA Companies

Gold IRA Companies We Recommend

Best Gold IRA Companies – There has never been a better time to invest in gold than today. With the ease of setting up a gold IRA, you can go from worrying about your retirement savings to complete confidence in the security of your wealth before you know it. But choosing the right precious metals company to invest with can be extremely difficult unless you know what to look out for.

When reviewing gold IRA companies its critical to compare the ratings and reviews by looking at independent authority sources. We look at the scores given by using 5 independent rating sources that include the Better Business Bureau, Business Consumer Alliance, TrustLink, TrustPilot, and Ripoff Report.

We have looked into Goldco Precious Metals and Regal Assets which are both top rated gold IRA and alternative assets companies.

Goldco Gold IRA

Best Overall Precious Metals Company
$260/ Yr
  • Minimum Investment $20,000-$25,000
  • Cash Sale Minimum $3,500
  • 10% Back In FREE Silver
  • Easy IRA & 401(k) Rollovers
  • A+ rating by the BBB
  • Outstanding Customer Ratings
Learn More

Regal Assets Regal IRA

#1 Rated Alternative Assets Company
$250/ Yr
  • Minimum Investment $10,000
  • Cash Sale Minimum $5,000
  • Waived Fees For 1st Year
  • Combines Metals & Crypto
  • Oustanding Client Ratings
  • No Sales Approach
Learn More

Frequently Asked Questions & Answers

Why is gold considered a safe haven investment?

Because gold serves as a hedge against inflation and deflation, currency risk, stock market volatility, etc. Gold is a store of value and should be seen as financial insurance. It is possible for a stock to go to zero, for a bond to default, for a currency to lose its value, but gold will never be worth zero. Historically, gold moves in the opposite direction of traditional securities like stocks, bonds, and mutual funds. When the stock market goes down, the price of gold and silver tends to rise. If you are looking to minimize risk, diversify your portfolio, and safeguard your wealth during times of heightened volatility, you should hold physical gold.

Why a gold IRA?

The only secure financial asset that has stood the grueling test of time is gold. A gold IRA permits individuals to diversify any portion of their retirement portfolio — including pre-existing IRAs and former 401k(s) with previous employers — by actually owning physical gold and other precious metals within that retirement plan. Investors can securely possess physical precious metals in a tax-deferred account.

Is a gold IRA a safe investment?

Yes. Your precious metals investments are stored with a custodian, just like any other IRA asset. An IRA custodian is a financial institution that holds your account’s investments for safekeeping and sees to it that all IRS and government regulations are adhered to at all times. The custodian could be a bank, credit union, trust, or another company called a non-bank custodian.

Can I store my precious metals at home?

Non-IRA precious metals, yes. Not metals in an actual gold IRA. IRS rules forbid keeping your IRA precious metals at home or in a standard safety security box. They must be held by an approved non-bank trustee or a bank within IRS guidelines that restricts access and keeps all precious metals segregated by the customer. This ensures exact metals purchased by a specific customer are returned to that same customer once legal distribution requirements are met.

In other words, just like a Traditional IRA, the access to the precious metals in your Precious Metals IRA must be restricted in specific ways to ensure deposit and disbursement laws are followed.

Are the values of the precious metals I buy for my IRA guaranteed?

No. Like all investments, the future value of precious metals is not guaranteed and can rise or fall based on a variety of market influences. This is why it is good to diversify your portfolio with other asset classes such as cryptocurrencies, real estate, etc.

Should I invest in physical gold, future options (EFTs), gold mining stocks, or gold funds?

Indirect forms of investing in gold are much riskier than physical metal. You are relying on any third party individual or company to look after your wealth for you, and depending on the company’s success or failure, you risk losing your investment. With physical gold, you are in control of your wealth. Physical gold offers you that layer of protection and security which Gold Exchange Traded Funds (ETFs), gold mining stocks and funds do not.

Should I buy gold coins or gold bars?

It depends on your individual investment goals and situation. Gold bars are the largest and most efficient way to purchase and store large amounts of gold. They are usually also the most cost-efficient because they have the smallest premium over the gold spot price and the lowest markups for design and transportation. They are also easier to stack and more difficult to counterfeit.
Gold coins are smaller and more convenient than gold bars but they are also harder to store because they are easier to lose. Gold coins are less efficient than bars for holding large amounts of metal and some of them may come with a higher premium over spot since they can be marked-up for design or rarity. However, gold coins are more useful for people who intend to use their gold as money.

When it comes to precious metals IRAs, only certain coins are IRS approved for inclusion in IRAs. In fact, not all bars or bullion are IRS approved. The IRS or your gold IRA company maintains a list of acceptable forms of precious metals for IRAs.

When will I be eligible for distributions from gold IRA?

At age 59½, you or the beneficiary of your gold IRA can start taking penalty-free distributions from the account, according to the IRS.

What is Goldco?

Goldco is the leading provider of precious metals IRAs and its IRA & 401(k) rollovers are easy and painless. They pride themselves in customer service and the ability to help individuals diversify their retirement accounts. Goldco has an A+ rating by the BBB, and Inc. magazine ranked Goldco the 528 in its 35th annual Inc. 5000, a list of the nation’s fastest-growing private companies. With Goldco, any investor can buy precious metals outright, even if they specialize in precious metals IRAs. Read the full review of Goldco Precious Metals in section: Best Gold Companies.

What is Regal Assets?

Regal Assets aimed for being the world’s best one-stop-shop for tangible precious metals investing and fulfilled its goal with flying colors. Regal Assets achieved the status of being the #1 rated alternative assets company 10 years in a row and was ranked #20 best firm in the U.S. by Inc. 500. In November 2019 Regal Assets joined forces with Coinbase and Kingdom Trust. This dynamic new partnership enables Regal Assets to offer the #1 crypto IRA in the market, called a Regal IRA. Read the full review of Regal Assets in section: Best Gold Companies.

 
Please feel free to reach out if you have any questions about the content of this website. If you believe something is explained incorrectly, please send us an email at info@howtoinvestgold.com.


Disclaimer: The owner of this website is not licensed as an investment advisor and, accordingly, does not make any recommendations regarding clients’ personal investment portfolios. It is recommended that you carefully evaluate and research the risks and rewards associated with investing in alternative assets such as physical precious metals and cryptocurrencies before you make a purchase.
About How To Invest Gold

Our Mission

Our mission is to provide investors and retirees all the information they need when it comes to precious metals and cryptocurrency investing. We aim to provide a complete guide on the best ways to invest in gold, silver, and crypto.

Gold backed IRA - Goldco, Regal AssetsWe believe that investing in precious metals and cryptocurrencies through your IRA or 401(k) is one of the best ways to invest in this asset class, due to the tax-saving component. A gold or crypto IRA is the best way to protect your retirement account and adds financial insurance.

Whether you are interested in gold coins, pure minted bars, EFTs, or gold mining stocks, you will find the information you need on this website to get started on the right foot.

10 Reasons You Should Start A Gold IRA - FREE eBook

Publisher/Author: Goldco Precious Metals

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