How to Open a Precious Metals IRA

With an ever-changing global economy still in beginning stages and driven by unpredictable societal/political factors, regime transformations and upheavals, what better way to save than to invest in an IRA based purely on gold, silver and other precious metals. Abstain from having to rely on stocks, bonds and other paper-based investments valued according to the success others' decisions. Open a precious metals IRA and surpass other forms of unsure investments.

Difficulty: Moderate

Instructions

1. Know that to roll over Traditional or Roth IRAs into precious metals IRAs does not require a complicated process or set of procedures. Roll over assets in your 401(k) plan to a gold-backed or other metals IRA after leaving a current employer. Realize it's difficult to transform an employer's 401(k) plan while you're still employed by them; although it's possible.

2. Transfer existing credit union, bank, stock brokerage and other IRAs directly and more easily. Reassign cash or securities to open a precious metals IRA. Consult with a financial adviser specializing in precious metals IRAs who can negotiate this process with your current firm for you to transfer your account and open a precious metals IRA.

3. Note that only 24 karat gold bars are permitted in a precious metals IRA, and each must have a NYMEX/COMEX-approved refiner/assayer hallmark. Find similar parameters with gold coins, which must also be 24 karat gold; however, one exception is the 22 karat US Gold Eagle coin.

4. Add silver coins or bars (0.999+ fineness only) to open a precious metals IRA. Include platinum or palladium bars or coins (90.9995+ fineness only). Get more out of your investment though with gold and silver.

5. Choose a trustee with the advice of your precious metals IRA adviser and store the precious metals with a custodian. Expect to be charged storage and custodial rates.

Resources

• Learn more about precious metals IRAs with
• Read an informative article about precious metals IRAs on
• Discover more about adding silver to a precious metals IRA.