Augusta® Gold & Silver IRA FAQ
Have a Question About the Augusta® Gold & Silver IRA you can SEE, TOUCH & HOLD® in PERSON?
See answers to common questions below, or call us at 855-242-4121
Q. What is an Augusta® Gold & Silver IRA?
A: This IRA enables investment in IRS-approved physical gold, silver and other precious metals you can see, touch and hold in person. You store your metals in an approved non-government depository storage facility for safekeeping. Augusta Precious Metals walks you through the few easy steps. It’s simple--just sign a few forms and transfer funds from your existing retirement account.
Q. How can I see, touch and hold my IRA?
A: Your precious metals are delivered, with free shipping and insurance, to a non-government depository storage facility you select. If the metals are segregated (set apart from all other metals in the storage facility), you can make an appointment to see and hold them in person. If your metals are not segregated, you still can make an appointment to see and hold metals in the forms purchased.
Q. Where are the private storage facilities located?
A: You can choose the depository most convenient for you from several locations in U.S. cities and one location out of the country. At this time, storage facilities are available in Los Angeles, California; Salt Lake City, Utah; Jackson, Ohio; Wilmington, Delaware; New Castle, Delaware; and Springfield Gardens, New York, as well as Mississauga, Ontario, in Canada.
Q. Can I easily liquidate my Augusta gold or silver IRA? How can I get my gold fast in any disaster?
A: For personal reasons or in the unlikely event of any national or global economic, social or governmental disaster, you may choose to retrieve your precious metals from the depository storage facility. You can take a full or partial distribution. Because Augusta has its own storage account, we can quickly withdraw the metals on your behalf and wire the cash to you or you can request shipment directly to you through your custodian. You can even request a distribution from your custodian and go pick up the metals in person. As with any early IRA distribution, early withdrawal of precious metals from an IRA may result in taxes and penalties unless rolled over to another qualified account.
Q. Why are there ZERO management fees with the Augusta gold IRA?
A: The Augusta Gold IRA is a self-directed IRA, which means YOU direct and manage your own physical precious metals investments within this IRA. Your precious metals are administered by a third-party custodian, but you have complete control over what you invest in through the Augusta IRA, so there is no outside investment manager taking additional fees out of your hard earned funds.
Q. How do I get FREE shipping and insurance for my purchases?
A: With your qualifying purchase, Augusta Precious Metals covers all shipping and liability insurance costs on your metals until they are delivered to your IRA. Metals shipped out of the U.S. might incur shipping and insurance fees.
Q. Can I defer paying income taxes on my Augusta Gold IRA savings until retirement?
A: Yes. The gold IRA has the same tax-deferment benefits and penalties as more common retirement plans, including Traditional IRAs and 401(k)s.
Q. Is the depository storage facility controlled by the government? Are my precious metals insured while in private storage?
A: The approved storage facilities are not owned by the government. Each location is privately-owned. Your metals are insured during shipping and while in the depository storage facility.
Q. Can I roll over my current IRA or existing 401(k) retirement savings into an Augusta Gold IRA?
A: Yes, you can roll over funds from your Traditional IRA, Roth IRA, 401(k) and 403(b) to your Augusta Gold IRA.
Q. What kinds of precious metals can I invest in?
A: Generally, you may invest in coins minted by the U.S. government as legal tender, such as American Gold Eagles and American Silver Eagles (1 oz, 1/2 oz, 1/4 oz and 1/10 oz). Certain coins minted by other nations as legal tender may also be IRS-approved.
Q. Is my gold IRA financially secure in the depository storage facility?
A: Your precious metals are stored where you can arrange to get them, but where they are safe from facility creditors and geographically separated from financial or political centers for safekeeping in the event of a disaster. Bullion is fully allocated and held off balance sheet.
Q. Is my gold or silver physically secure in the depository storage facility?
A: The fortified depository facility where your precious metals are stored is one of the most secure in the industry, access controlled and protected by state of the art security systems.
Q. What are the benefits of buying gold and silver within an IRA?
A: Owning tangible, physical, inflation-hedging gold and silver or other precious metals can provide reliable intrinsic value that is proven resistant to inflation and market meltdowns. Purchasing physical precious metals in a self-directed IRA allows you to make your own purchases and bypass fee-driven, unknown trustee middlemen. When your gold or silver IRA is stored in an approved non-government depository storage facility, you can arrange to go get it as long as you are prepared to pay taxes and penalties if you make an early withdrawal.