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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 help you 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 a depository convenient for you from several locations in U.S. cities. At the time of this writing, storage facilities are available in Los Angeles, CA; Salt Lake City, UT; Nampa, ID; Las Vegas, NV; Shiner, TX; Dallas, TX; South Fargo, ND; Wilmington, DE, Bridgewater, MA; New Castle, DE; and New York, NY. 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 control over 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 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 all-risk insurance through London underwriters.

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 information and assistance you’ll need to make the rollover process smooth and worry-free.

What kinds of precious metals can I purchase 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 secure. Among the 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, inflation-hedging gold and silver can help diversify your savings because the value of your metals is often-uncorrelated with other assets. 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.

Investment in precious metals involves risk and is not suitable for all investors. Augusta Precious Metals recommends that you consult your own financial or investment advisors prior to investing in precious metals. Augusta is not qualified and does not offer financial, investment, legal, or tax advice. This site and the information provided by Augusta throughout its sales process is general in nature and is not tailored to any specific person, their circumstances, or their financial goals.

Opinions offered by Augusta Precious Metals are its own. Additionally, while Augusta attempts to provide factually accurate information, information presented by Augusta may turn out to be inaccurate or incomplete. You should conduct your own independent verification of any facts or opinions presented prior to making any investment.

All decisions regarding the purchase or sale of precious metals are your own, and should only be made after considering your investment objectives, risk tolerance, and level of experience. Augusta Precious Metals cannot guarantee, assure, or promise future market movement, prices, or profits. Past performance does not guarantee future results. Any investment in precious metals is speculative and could result in significant financial losses.

* Past customers received silver coins as a thank-you for reviews. Joe Montana is a paid ambassador for Augusta.

Contact Augusta to Learn More About Gold and Silver IRAs

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