view ChartHow Do I Buy Gold For My IRA?
To buy gold for your IRA, you should follow a few simple steps to make sure that you are in compliance with IRA regulations, so Uncle Sam never gets in the way of your financial independence.
First, make sure that your account is eligible for a rollover. Employer-based retirement accounts (401Ks, 403Bs, TSPs) may be eligible as long as you have either retired or changed jobs. If you have a Roth, Sepp, or Traditional IRA plan, you too are allowed to transfer your retirement account into a gold IRA.
If your account is eligible for a rollover, you may choose to liquidate your assets and transfer the chosen amount of your retirement wealth to either Self-Directed IRA Services (SDIRA) or Equity Institutional. These two custodians are government-approved to handle gold IRA plans, and these two entities accept rollovers of IRA cash as well as some “in-kind” assets like stocks and treasury bonds.
Once your new account is set up and you have decided how much you want to shift into gold, you simply need to locate a gold exchange that can facilitate your transaction. Once a product and price are agreed upon, your gold broker will fax an invoice that you will sign and return. Your gold will be shipped to the depository on your behalf, and you will receive monthly statements regarding the exact holdings of your gold IRA.
The government does not allow you to personally hold the gold that you purchase with your IRA funds, so the gold will remain in storage until you liquidate it or begin withdraws from the account after retirement. For more specific answers about how to buy gold for your IRA, contact one of our IRA specialists directly and always consult a tax adviser concerning IRA changes.
Written by Pat Collins and John Halloran
My first order of business was to find a dealer that I could trust. After considerable research, Certified Gold Exchange was at the top of my list. When I contacted CGE, I was introduced to Pat Collins. From our first discussion, Pat clearly understood the situation and developed a plan.
Long story short, Pat earned my trust with his friendly demeanor, patience, and metals experience. I'll be calling CGE and Pat for my next transaction. Many thanks Pat!
From the beginning of contacting Patrick Collins the process was efficient and professional. Pat provided regular communication and helped me at every step. The length of time from start to finish was much quicker than I was expecting thanks to CGE.
I want to thank Pat and his team at Certified Gold Exchange for a smooth and efficient transaction.
being new to selling metals, Patrick walked me step by step in the process through distributions with my IRA. Whenever I contacted him with questions or concerns, he replied within an hour or minutes to resolve my percieved issues. What a comfort Patrick has been in this (at times) somewhat stressful process.
Thank you Patrick!
It was my first time selling precious metals and they made the process as seamless as possible, despite multiple hiccups caused by my chosen custodian failing miserably. I will choose this team for every precious metals purchase or sale in my future.
I decided to invest $60k and in just three months it's over $120k! Not only that, the team at Certified Gold Exchange has excellent customer service.
I highly recommend them.
When I spoke with coin dealer David White, he was able to give me a quote in 3.5 hours. He also explained the importance of shipping my coins via registered mail with the Post Office. David said that the Post Office requires a registered box to be sealed with brown paper tape to prevent tampering. David emailed me links to sites that showed the right tape to use and how to seal the box. He called several UPS stores in my neighborhood to try to find the tape for me. In the end, I bought the tape from the Post Office. David explained that while Fedex and UPS would ship the coins, since they are not allowed to ship gold or silver, I would have no recourse if my coins were lost. David even gave me his home number so I could reach him after hours if necessary.
My experience with Certified Gold Exchange, Inc. stands in stark contrast with how two other coin brokers responded. The firm from which I had bought most of my silver coins never called me back. On November 13 when I called the broker from whom I had bought most of my gold coins, I couldn't get through on the phone. So, I emailed them and it took 5 days for them to respond! The broker didn't give me a quote until December 2 -- and then only for some of the coins! He said he would tell me what they would pay for the other coins after I shipped them!
In addition, that broker explained that one of their customers had lost all their coins valued at $22,000 because the box was tampered with and they had failed to insure them for the full amount. However, I knew by then that if the firm had told the customer to ship the coins via registered mail as Certified Gold Exchange, Inc. does, the box could not have been tampered with.
So, Certified Gold Exchange, Inc. is the only gold and silver dealer I recommend. The level of service is truly remarkable.
Your interest in helping me on such short notice shows how much you care for your clients. I hope 🤞 to have you as one of my financial team in the future.
Protect Your Retirement!
Avoid These 10 Gold IRA Scams.
Avoid These 10 Gold IRA Scams.
10 GOLD IRA SCAMS
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DEALERS USE ON YOU
