For more on Gold & Silver IRAs:
This webinar is intended to enable people with IRAs to use their IRA to buy gold and silver….(read more)
LEARN MORE ABOUT: Precious Metals IRAs
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
REVEALED: Best Investment During Inflation
If you’re an investor looking to add some diversification to your retirement portfolio, physical gold and silver can be a great addition. Here’s how to put physical gold and silver into your IRA.
Step 1: Find a Custodian
The first step is to find a custodian that allows you to invest in physical gold and silver within your IRA. Not all custodians offer this option, so make sure to ask specifically about it. Additionally, make sure the custodian is reputable and has experience working with precious metals in an IRA.
Step 2: Choose Your Metals
Once you have a custodian in place, it’s time to choose which metals you want to invest in. Gold and silver are the most common choices, but some investors also include platinum and palladium. You’ll need to decide how much of each metal you want to include in your IRA.
Step 3: Purchase the Metals
After you’ve chosen your metals, it’s time to purchase them. You can do this through a precious metals dealer or broker. Make sure to choose a dealer or broker that is reputable and has a good track record. You’ll need to make sure the metals are approved for IRA investment.
Step 4: Store the Metals
You’ll need to find a storage facility for your metals since you can’t take physical possession of them. The custodian can recommend a storage facility or you can choose your own. Make sure the storage facility is insured and has a good reputation.
Step 5: Track Your Investment
Make sure to keep track of your investment by regularly checking the value of the metals. You’ll also need to file yearly reports with the IRS regarding your IRA investments. Your custodian can help you with this.
Adding physical gold and silver to your IRA can be a great way to diversify your retirement portfolio. By following these simple steps, you can invest in these precious metals and potentially see gains in the future.
Any link I post on Facebook from here does not appear on my page. Blocked?
Can we take delivery of our IRA precious metals, or do they have to stay in the depository? If so, how much for shipping?
i wish i saw this in july when I cashed in my (tiny) 401k to purchase silver outright!
If you don't hold it, you don't own it. Better dig a hole and throw it in yourself than have it be 2000 miles away when you need it. You gonna charge me for delivery when gas is $35 a gallon? Sure, I'll break the driver off a 1/10th gram of silver for that… if he can get here. No thanks. IRA = Intentional Repossession Agency.