Do I Need a Broker to Buy Gold Through a Self-Directed IRA?

Stacks of Silver and Gold Bullion for a Gold and Silver IRA

What Makes a Self-Directed IRA different from a traditional IRA

A Self-Directed Individual Retirement Account differs from a regular IRA by giving investors the freedom to choose among approved physical products while still taking advantage of a traditional IRA’s tax benefits. These products include Gold, Silver, Platinum, Palladium, real estate, and cryptocurrency.

Limitations of an SDIRA

While an SDIRA provides more control and freedom in selecting your investment vehicles, there are still limits and rules which must be adhered to. These are the same rules that govern traditional IRA’s, including the necessary roles of a Trustee, who is approved to administer the IRA, a Custodian, who stores the Precious Metals for the IRA, as well as a Broker, who sells physical metals to the Custodian.

What can I add to my Self-Directed IRA?

Precious Metals eligible for a Self-Directed IRA include 99.5% Fine Gold, 99.95% Fine Platinum and Palladium, and 99.9% Fine Silver. These cannot be Precious Metals you owned before setting up the IRA or collectible items.

With any IRA, you will need a Trustee, Custodian, and Broker to maintain a tax-advantaged status. Prepare for your future and read about Gold IRA’s today.

Quick Guides to Investing

Step 1:

Why Buy Physical Gold and Silver?

If you are concerned about the volatility of the stock market, you’re not alone. The extreme highs and lows of the stock market often lead investors towards safe-haven assets, like bullion. Historically, the Precious Metals market has an inverse relationship with the stock market, meaning that when stocks are up, bullion is down and vice versa.

Step 2:

How Much Should I Buy?

This question is one of the most important for investors to answer. After all, experts suggest limits on how much of any types of investments should go into a portfolio. After deciding to purchase and own Precious Metals and considering how much money to allocate, one can then think about how much and what to buy at any point in time.

Step 3:

What Precious Metals Should I Buy?

With the frequent changes in the market and countless Precious Metal products available, choosing investments can be difficult. Some want Gold or Silver coins, rounds or bars while others want products that are valuable because of their design, mintage or other collectible qualities. Also, collectors may shop for unique sets and individual pieces for their collections.

Step 4:

How To Buy Gold and Silver?

After considering why, how much, and what Precious Metals products to buy, an investor’s next step is how to buy them. Gold and Silver are different than your typical investments. While buying Precious Metals can be important for investing, it can also be a fun shopping experience. One guideline for buying Precious Metals is to keep the buying process as simple as possible. Plus, one should only buy them from respectable retailers with longstanding credibility for quality, like APMEX.