There are, in fact, few restrictions on your gold IRA choices, and because gold IRAs are self-managed, you alone decide which assets you want to hold. In practice, however, it is strongly recommended that you maintain your gold IRA strictly for precious metal investments.
Present law restricts gold IRA precious metal assets to gold, silver, platinum, and palladium bullion. They may include any combination of bars and legal tender coins, but rare coins and other collectibles are not permitted.
Other than the inclusion of precious metals as an acceptable asset, gold IRAs are governed by the same laws as conventional IRAs, and they share the same tax liabilities and benefits. Thus, although you are free to take physical possession of your assets at any time, you would be subject to the same tax consequences as you would be when making a withdrawal from a regular IRA.
For many investors, the gold IRA will not be the only active IRA; so, it is important to keep in mind that your yearly contribution limit applies to the sum of your contributions to each of your accounts.
With that in mind, once you decide to establish an account, all you need to do to is pick up the phone and call Certified Gold Exchange. We will help you choose a custodian, fill out the paperwork, and then you will choose the assets you want from our extensive inventory. We will then quickly and securely transfer your purchase to your custodian’s depository. Nothing could be simpler.
Because Certified Gold Exchange is continually looking for ways to keep precious metals investment interesting as well as profitable, by offering as wide a variety of products as possible, the list above is intended to be representative only. For currently available and IRS-permissible gold IRA product options, and up-to-the-minute quotes, just give us a call at (800) 300-0715.
To learn more about our policies on this matter, please call
1-800-300-0715 Ext. 303. Thank you.