Dear Birch Gold,
I want to invest in gold for retirement, but I’m not really sure how it works. How do you store physical gold in a self-directed IRA account?
Thanks for emailing – we’re happy to answer your question. Placing gold into a self-directed IRA account is really simple, and the storage is taken care of by an approved depository or vault. Here’s how it all works …
Open a Precious Metals IRA
The first step to investing in physical gold for retirement is opening a new Precious Metals IRA. This is a self-directed IRA account, which means you maintain control over your investment decisions, while an IRA custodian manages the assets on your behalf. Opening a Precious Metals IRA is easy – there are only a few basic forms involved, and our Precious Metal IRA Specialists will guide you through it, step by step. You also have the option of rolling over funds from other retirement accounts, such as a 401k.
Select your gold
Once you’ve funded your account (with a rollover, transfer or contribution), you’ll purchase the physical gold to be placed in your Precious Metals IRA. A variety of gold coins and bars are approved, as well as other precious metals, including silver, platinum and palladium. We’ll go over all your options and can help you determine what might be right for your particular needs and goals.
Your gold is stored in a metals depository or vault
The physical gold in your self-directed IRA will be stored in an approved depository or vault. The account will then remain under the management of the IRA custodian until retirement or whenever you decide to take distributions from your account.
Birch Gold Group partners with a number of leading custodians for Precious Metals IRAs, so the whole process is seamless and you can rest assured that your gold is in good hands. If you have any other questions about opening your account, just give us a call!
Thanks for the question, Mitch!
Do you have a question about how to invest in precious metals? Want to know more about how to set up a Precious Metals IRA, or what types of coins are available to you? Send an email to [email protected] and we may answer it in a future post on our site.