How Does a Gold IRA work? | MrGold IRA 401K, SEP, Roth IRA

by | Oct 13, 2022 | Gold IRA

How Does a Gold IRA work? | MrGold IRA 401K, SEP, Roth IRA




How Does a Gold IRA work?

A gold IRA allows you to invest in physical gold bullion, coins, bars, and rounds without paying taxes or penalties. Your money grows tax-free while it sits idle in a bank vault or safe deposit box. And unlike most traditional IRAs, there are few restrictions on what you can buy.

Unlike conventional IRAs, where the government requires you to pay hefty fees, you’ll never incur hidden expenses like sales commissions or brokerage fees.

The process is simple. First, open an IRA with a reputable custodian such as New Direction IRA. Then choose how much gold you want to invest. Next, we’ll help you select the type of metal you’d prefer, whether it’s gold bullion, gold coins, or even gold futures contracts. Finally, we’ll provide you with a receipt showing the amount of gold you’ve purchased.

You’ll receive monthly statements detailing how your funds are invested. But don’t worry about tracking down those receipts — they’re stored online.

In addition to investing in gold, you can use your IRA to purchase silver, platinum, palladium, rhodium, and iridium.
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LEARN MORE ABOUT: Precious Metals IRAs

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing

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