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Gold ira

Add a tangible asset to your resources.

What does it mean to have Gold in an IRA?

You can hold gold within a self-directed IRA (Individual Retirement Account) that allows seasoned professionals to acquire physical gold and other precious metals (i.e., gold, silver, platinum, and palladium) as part of their retirement savings strategy. It allows individuals to add physical precious metals in the form of coins or bars. Unlike traditional IRAs, which are typically holdings in stocks, bonds, and mutual funds.

If you’re looking to diversify your retirement assets, acquiring these precious metals may be a great option. At Gold Safe Exchange, we’re passionate about helping individuals own these precious metals inside a retirement account. However, we’re equally committed to assisting those who prefer to acquire gold and silver with funds held in non-retirement accounts, such as checking or savings accounts. Learn how to add Gold to your IRA today!

Should You Own Gold in your IRA?

Owning gold in an IRA may be a smart choice for anyone looking to diversify their assets, secure their wealth, and hedge against market volatility. By owning gold, you will add a tangible asset to your resources. Additionally, holding Gold within an IRA can offer potential tax advantages.

Don’t give anyone else power to have control over your spending power. Opening up an IRA with gold now could be a timely move.

Pros and Cons of holding Gold in an IRA

Gold IRAs can be a valuable asset to add to your retirement valuables. Here are some potential benefits of adding gold to your retirement strategy:

  1. Help Hedge Against Inflation – With a gold IRA, you can secure your retirement savings from the damaging effects of inflation. With gold inside your IRA, you can seek to combat the damaging effects of inflation.
  2. Diversification in Retirement Assets – Diversified retirement assets are important for minimizing risk and maximizing potential returns. Holding gold inside your IRA can help you achieve this diversification.
  3. Tax Benefits – Gold Safe Exchange assists individuals by owning gold inside a retirement account tax efficiently. The IRA offers tax deferral of any growth, helping to reduce your current tax liability. However, it’s important to stay in line with Internal Revenue Service (IRS) regulations.
  4. Physical Ownership – Unlike stocks or bonds, a gold IRA represents a physical asset that can offer a level of stability. Also, it’s difficult for physical gold to be destroyed by events like stock market downturns, company bankruptcies, or geopolitical unrest.

While there are many benefits to transferring gold to a gold IRA, there are a few cons we should discuss:

  1. Storage and Maintenance Fees – Holding gold within an IRA requires that it be physically stored at an authorized depository, which may incur higher fees than those associated with traditional IRAs. At Gold Safe Exchange, you may be able to have the costs waived! Ask one of our professionals to see if you qualify.
  2. Early Withdrawal Penalties – The IRS will give a 10% penalty fee for those who withdraw funds from a gold IRA before the age of 59-1/2 in addition to ordinary income taxes. We encourage individuals to have a separate emergency fund to avoid early withdrawal penalties.

To qualify as IRA-eligible precious metals, the following minimum fineness requirements must be met:

Gold must be 99.5% pure, silver must be 99.9% pure, and platinum and palladium must both be 99.95% pure.

Bars, rounds and coins must be produced by a refiner, assayer or manufacturer that is accredited/certified by NYMEX, COMEX, NYSE/Liffe, LME, LBMA, LPPM, TOCOM, ISO 9000, or national government mint and meeting minimum fineness requirements.

Proof coins must be encapsulated in complete, original mint packaging, in excellent condition, and include the certificate of authenticity.

Small bullion bars (other than 400-ounce gold, 100-ounce gold, 1000-ounce silver; 50-ounce platinum and 100-ounce palladium bars) must be manufactured to exact weight specifications.

Non-proof (bullion) coins must be in brilliant uncirculated condition and free from damage.

IRA Approved Gold

Not all gold coins, proof coins, bars, and rounds are created equal. In order to be eligible, the products must meet a specific fineness requirement of .995, with the exception of American Eagles. However, there are many qualified precious metals that can be placed in a Gold IRA. Though IRAs were once limited to only holding American Eagle products, today, IRAs include all IRS-permitted gold, silver, platinum and palladium products. Thanks to the Taxpayer Relief Act of 1997 which expanded the precious metals holdings allowed in IRAs to include one, one-half, one-quarter or one-tenth ounce U.S. gold coins and one-ounce silver coins minted by the U.S. Treasury Department, along with certain foreign coins.

At Gold Safe Exchange you will always work directly with highly experienced team members. Leading industry professionals with a wealth of experience, we’ve held senior positions at the largest retail precious metals firms in the U.S. Our Low Cost Guarantee gives you the ability to come to us if you find a lower quote so we can work to provide you with a better offer. Put the money you save into your account to increase your precious metals IRA rollover earnings. For more information on IRA-eligible gold coins, proof coins, bars, and rounds or to learn more about rollovers, transfers, and other Gold IRA details, call Gold Safe Exchange today 1-800-341-6727.

American Eagle 2022 Gold Four-Coin Set

West Point USA

Weight: Various

Content: Various

Purity: 0.9167 fine

Diam: Various

IRA Eligible: Yes

The 2022 American Eagle Gold Proof Four-Coin Set features coins minted at West Point. Each contains 91.67% gold, 3% silver. After 35 years, the coin designs were updated in 2021. The set includes a one-ounce, one-half ounce, one-quarter ounce, and one-tenth ounce coin. Each is struck in 22-karat gold and expertly crafted. 100% IRA Eligible.

American Eagle bullion / coins

U.S. Mint

Weight: 31.103 g.

Content: 1 Troy oz.

Purity: 0.9999 fine

Diam: 32.70 mm

IRA Eligible: Yes

The 2022 Gold American Eagle is is struck from 1oz. of 99.99% pure gold and is the official gold bullion coin of the United States of America. First minted in 1986 and issued by the US Mint, this coin comes in four weights: one ounce, half ounce, quarter ounce, and tenth ounce.

U.S. Buffalo Bullion Coins

Producer: U.S. Mint

Weight: 31.103 g.

Content: 1 Troy oz.

Purity: 0.9999 fine

Diam: 32.70 mm

IRA Eligible: Yes

The American Buffalo, also known as a gold buffalo, is a 24-karat bullion coin first offered for sale by the United States Mint in 2006. This was the first time the United States Government minted pure (.9999) 24-karat gold coins for the public. this coin comes in four weights: one ounce, half ounce, quarter ounce, and tenth ounce.

Credit Suisse PAMP Suisse Bars

PAMP SA Company

Weight: Various

Content: Various

Purity: 0.9999 fine

Diam: Standard

IRA Eligible: Yes

PAMP SA Company is an independently operated precious metals refining and fabricating company and member of the MKS Group. It was established in 1977 in TicinoSwitzerland. PAMP bullion bars come in various weights and sizes to suite the various needs of its owners.

1 OZ. Gold bullion Bars (our choice)

Various producers

Weight: Various

Content: Various

Purity: 0.9999 fine

Diam: Standard

IRA Eligible: Yes

The 1 Troy oz gold bar is the most common size of gold bars and they are traded around the world, even in countries using the metric system. A Troy ounce contains 31.1 grams and is the unit of measure used for precious metals. Buying gold 1 Troy oz bars (31.1 grams), are a perfect starting point.

Australian Lunar Series Coins

Perth Mint

Weight: 131.103 g

Content: 1 Troy oz.

Purity: 0.9999 fine

Diam: 32.70 mm

IRA Eligible: Yes

The Perth Mint launched its first Silver Lunar coins in 1999. They started with their Year of the Rabbit silver coins. This was a 12 year project and coin series. The mint was impressed with the popularity of the series and so announced a second series to run from 2008 to 2019.

1/2 oz. gold british sovereign coin

British Royal Mint

Weight: 235 oz.

Content: .235 Troy oz.

Purity: 0.999 fine

Diam: 32.05 mm

IRA Eligible: Yes

The Great Britain Gold Sovereign is one of the most recognizable coins in the world today.  The English gold sovereign has been issued since 1817 by Great Britain and bearing the portrait of the reigning monarch with each release, the gold sovereign is a historic coin that is ideal for both collecting and acquiring.  

Chinese Panda Series Coins

People’s Republic of China

Weight: 31.103 g.

Content: 1 Troy oz.

Purity: 0.999 fine

Diam: 32.05 mm

IRA Eligible: Yes

Issued first in 1982 and produced in various sizes to satisfy demands from seasoned professionals and collectors, the series continues to this day where the depiction on the coin changes with each new year. Panda coins come in different sizes and denominations, ranging from .05 to 1 troy ounce (1.6 to 31.1 grams).

Canadian Maple leaf coins

Royal Canadian Mint

Weight: 31.103 g

Content: 1 Troy oz.

Purity: 0.9999 fine

Diam: 30 mm

IRA Eligible: Yes

The Gold Maple Leaf bullion coin is struck by the Royal Canadian Mint from 1 oz. of .9999 pure gold and was first minted in 1979 to meet the growing demand for gold bullion coins of high quality. This coin features the iconic maple leaf, a symbol that is often used to represent Canada and is synonymous with Canadian identity.

British Britannia Coins (2013 and newer)

British Royal Mint

Weight: 31.103 g

Content: 1 Troy oz.

Purity: 0.9999 fine

Diam: 32.69 mm

IRA Eligible: Yes

Britannia is the female representation of Britain and has been the modern face of bullion since 1987. The history of this icon begins with her appearance on the coins of Hadrian, around AD 119, as the symbol of a new province and people. This this coin comes in four weights: one ounce, half ounce, quarter ounce, and tenth ounce.

Australian Kangaroo Coins

Perth Mint

Weight: 31.103 g.

Content: 1 Troy oz.

Purity: 0.9999 fine

Diam: 32.60 mm

IRA Eligible: Yes

The Australian Gold Kangaroo Coins made their debut back in 1986. Even after all these years, Perth Mint’s Kangaroo Gold Coins are still considered one of the best gold coin sets to collect. Not only do they feature a beloved Australian marsupial but they’re also indicative of the fine quality of bullion products struck by the Perth Mint.

1 oz. gold Donald Trump Round

Privately Produced

Weight: 31.103 g.

Content: 1 Troy oz.

Purity: 0.9999 fine

Diam: 32.70 mm

IRA Eligible: Yes

These privately minted rounds are .9999 pure gold, commemorating the 45th President of the United States. The obverse features the profile of President Donald Trump. The inscription reads, “Donald J Trump” and “45th President.” The White House is pictured on the reverse.

Austrian Philharmonic Series Coins

Austrian Mint

Weight: 31.103 g

Content: 1 Troy oz.

Purity: 0.9999 fine

Diam: 37.0 mm

IRA Eligible: Yes

The gold Vienna Philharmonic was first offered on October 10, 1989, and was initially minted in two sizes: one-ounce and one-quarter ounce. The one-tenth and one-half ounce coins were added in 1991 and 1994. The Vienna Philharmonic is currently the only European bullion coin with a face value in euros.

Frequently asked questions

Why is it important to own physical precious metals like gold?

Owning physical gold may help diversify your retirement savings and could protect your assets against inflation.

What is IRA-eligible gold?

It’s when the following minimum fineness requirements are met: Gold must be 99.5% pure, silver must be 99.9% pure, and platinum and palladium must both be 99.95% pure. For more information, check out our What is IRA Eligible Gold blog today!

Gold IRA vs Physical Gold: What is the difference?

There’s a lack of tax advantages. Acquiring physical gold doesn’t offer the same tax benefits associated with retirement accounts as it does with a gold IRA. The choice between the two depends on your retirement goals and preferences.

What Kind of Accounts Can I Rollover or Transfer?

You can rollover or transfer the following types of accounts into a precious metal IRA:

  1. Traditional IRA
  2. 401(k)
  3. 401(a)
  4. 403(b)
  5. 457(b)
  6. TSP
  7. SEP IRA
  8. Non-IRA investment accounts (e.g. brokerage account)

Note: The IRS rules regarding precious metal IRAs require that the precious metal held in the IRA meet certain fineness standards and be stored with an IRS-approved depository.

Why Do I Need a Custodian?

A custodian is required for a precious metal IRA because the Internal Revenue Service (IRS) regulations state that all self-directed IRAs, including precious metal IRAs, must be held with a custodian. The role of the custodian is to oversee the management and administration of the IRA, ensuring that all transactions meet the IRS rules and regulations. The custodian is also responsible for holding the precious metal and ensuring that they are stored in an IRS-approved depository. This helps to ensure the safety and security of the assets in the IRA.

Why Do I Need to Use a Depository?

A depository is required for a precious metal IRA because the Internal Revenue Service (IRS) regulations state that all precious metal held in an IRA must be stored in an IRS-approved depository. The purpose of using a depository is to ensure the safety and security of the assets in the precious metals IRA, and to provide an independent third-party storage solution for the precious metals.

The role of the depository is to hold and protect precious metals, and to provide periodic statements and valuation reports to the custodian and the IRA owner. The depository is also responsible for the proper insurance and security of the precious metal, including any necessary measures to protect against theft, loss, or damage.

By using an IRS-approved depository, the assets in the retirement funds are kept separate from the custodian’s own assets and are protected in the event of bankruptcy or other financial difficulties. Additionally, having the precious metals held in a depository helps to ensure that they meet the individual retirement account rules and regulations for self-directed IRA.

How Do I Sell My Precious Metal?

Precious metal are insured real property much like your home. However, unlike your home, which is limited to a very narrow pool of buyers, i.e. that specific property, at that specific price, in that specific zip code, etc., gold is recognized as money the entire world over. In fact, Gold is the second most traded commodity in the world after oil.

You can sell as much or as little of your precious metals to anyone, at anytime, anywhere in the world. Where Gold Safe Exchange will be happy to provide an offer to buy back your metals, you are in no way obligated to sell back to us.

Can I Have The Metals Sent to My House?

Absolutely! You can definitely have your precious metals delivered to your home. There are several different options and pathways to achieve this. Our experts will be happy to go through these options with you.