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Learn More About Physical Gold & Silver in an IRA

The FAQs below provide important information about gold and silver IRAs. Have more questions? Contact us online or call 800-700-1008. Augusta Precious Metals enthusiastically welcomes your questions.

Frequently Asked Questions

What is a gold and silver IRA?

A gold and silver IRA allows you to buy IRS-approved physical gold and silver within a tax-advantaged Individual Retirement Account. Your metals are stored in a highly secure, insured depository for safekeeping. Augusta Precious Metals walks you through the few, easy steps required to open the account. We help you go through required forms and initiate the simple process to fund your new gold IRA.

How can I actually see the gold and/or silver in my IRA?

Your precious metals are delivered, with free shipping and transit insurance, to the depository storage facility you select as part of the account-opening process. You can make arrangements to visit your purchased metals by contacting your custodian directly.

Where are the private storage facilities located?

You can choose the depository most convenient for you from several locations in U.S. cities. At the time of this writing, storage facilities are available in Los Angeles, California; Salt Lake City, Utah; Jackson, Ohio; Wilmington, Delaware; New Castle, Delaware; and Springfield Gardens, New York. Please ask us for a current list.

Is it difficult to liquidate a gold IRA?

Not at all. It’s easy to arrange a full or partial distribution – in either metals or cash – from your gold IRA.

  • We can withdraw metals on your behalf and wire the cash to your custodian and they will transfer funds to you.

  • You can request shipment of metals directly to you through your custodian.

  • You can coordinate with your custodian to pick up the metals at the storage facility for distribution.

Remember, any early IRA distribution may result in taxes and penalties unless rolled over to another qualified account. Consult your tax advisor before making any withdrawals from a gold IRA.

Why are there ZERO management fees with the gold and silver IRA?

The gold IRA is a self-directed IRA, which means YOU direct and manage your own physical precious metals within this IRA. You do not pay someone to manage it, which means you have complete control over all your purchases and sales decisions. You are only responsible for modest custodian account setup and depository storage fees.

How do I get FREE shipping and insurance for my purchases?

With a qualifying purchase, Augusta Precious Metals covers all shipping and liability insurance costs for your metals until they are delivered to your IRA storage location.

Does a gold IRA provide the same tax advantages as other IRAs?

Yes. The same rules and tax benefits that apply to other IRAs also apply to gold IRAs.

Are my precious metals insured while in private storage?

Yes. Your metals are insured against covered losses by the depository storage facility while stored there. In addition to the substantial physical security depositories provide, they typically use an all-risk Lloyd's of London insurance policy to protect your metals against risks of physical loss or damage.

Can I roll over my current IRA, 401(k) or other retirement savings into a gold IRA?

Yes, you can roll over funds from your traditional IRA, Roth IRA, 401(k) or 403(b) to your gold and silver IRA. That’s commonly how gold IRAs are funded. Augusta provides you with all the information and assistance you’ll need to ensure the rollover process is smooth and worry-free.

What kinds of precious metals can I invest in within my precious metals IRA?

Generally, IRS rules allow you to purchase coins minted by the U.S. government as legal tender, such as American Gold Eagles (1 oz, 1/2 oz, 1/4 oz and 1/10 oz) and American Silver Eagles. Certain coins minted by other nations as legal tender also are IRS-approved. To learn more about IRA-eligible gold and silver, click here.

Is the gold in my IRA ever subject to any risks stemming from the financial condition of the depository?

Your precious metals are stored fully allocated and off-balance-sheet at the depository. This means your gold and silver remains entirely separate from assets and liabilities of the depository. In the highly unlikely event a depository declares bankruptcy, creditors would have no claim to your metals.

Is my gold and silver physically secure in the depository storage facility?

You can rest assured that the fortified depository facility where your precious metals are stored is one of the most secure in the industry. Among the many physical security features of each depository are rigid access-control protocols and state of the art security systems. Click here to learn about the depository we recommend, the Delaware Depository.

What are the benefits of buying gold and silver within an IRA?

Owning tangible, physical gold and silver can help diversify your savings because the value of precious metals through history has often been uncorrelated with other investments. Buying your metals inside of a self-directed IRA allows their value to grow on a tax-deferred or even tax-free (Roth IRA) basis. A gold IRA also makes it possible for you to make your own purchases and bypass portfolio management fees.

Augusta cannot guarantee, and makes no representation, that any metals purchased by a customer will appreciate at all or appreciate sufficiently to make a profit, and there is no certainty that any metals can be sold for a profit. The future value of the coins you purchase cannot be predicted. You could lose money. Don't purchase Augusta products with money you can't afford to lose. Prices may rise and fall over time or rapidly. Past performance of any coin does not guarantee future results. Premium coins are sold for more than the spot price of the precious metal they contain. Augusta's sale prices and buy-back prices are determined and controlled by Augusta. The value assigned to the coins you purchase at any given time may vary from retailer to retailer and Augusta cannot guarantee another retailer will value the coins at the same rate as Augusta would in any given circumstance. Augusta cannot guarantee buy-back of any item it sells and cannot guarantee another retailer will purchase coins purchased through Augusta. Augusta cannot guarantee another retailer will value a premium coin at the same rate as Augusta would in any given circumstance. This purchase is speculative and unregulated.

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