Can You Own Gold in a Roth IRA?

IRS rules mandate that gold purchased for an IRA be stored in an approved depository that meets security and insurance standards, and there’s no guarantee that its value will increase over time.

Prior to making any major decisions, it’s essential that you carefully consider your budget, investment goals and time horizon. Doing this can help avoid costly errors.


Gold IRAs follow many of the same rules as traditional pre-tax and Roth IRAs, such as contribution limits and required minimum distributions when you reach age 70.5 or 72. They also feature specific provisions aimed at physical precious metal investments, including an early withdrawal penalty of 10 percent and 28% collectible tax rate.

The IRS stipulates that your precious metals must come from an authorized dealer with approved fineness levels, offering discounts on these coins while also offering storage services at an IRS-approved depository.

Gold IRAs can be an attractive retirement asset and inflation hedge, yet investors must understand their risks, particularly in a bear market, before making their decision. Investors should consult a financial advisor in making an informed decision as well as researching various Gold IRA companies before selecting one that suits their circumstances.


Gold can add diversification and flexibility to your Roth IRA savings, as it maintains its value over time and does not subject you to minimum distribution requirements or early withdrawal penalties.

However, like any IRA account, Gold IRAs may incur fees associated with purchasing and securely storing precious metals. Furthermore, these accounts require working with a custodian that specializes in physical precious metals as per IRS regulations.

Many Gold IRA companies provide various services, from setting up your account and providing precious metal options, to transporting and storing them over time. Oxford Gold Group boasts an A+ rating with the Better Business Bureau and 4.8 stars out of 5, with Precious Metal Specialists ready to guide you through your options and answer any queries that arise.


Gold IRAs operate under the same rules as traditional pre-tax or Roth IRAs, and can be opened either physically or virtually. Fees charged typically vary, though usually higher due to special storage and insurance of physical precious metals; furthermore, an IRA custodian may charge one-time fees to initiate processing a new account.

Fees also cover ongoing annual custodial costs and insurance should your precious metals become damaged or stolen. Since physical gold is considered collectible under IRS guidelines, it must be stored in an approved facility. Hiding them at home could result in penalties from IRS.

Investors should carefully consider what percentage of their retirement portfolio to allocate towards precious metals investments. While precious metals investments may offer protection from inflation, an IRA dedicated solely to precious metals doesn’t offer full diversification and could leave investors exposed to other market risks.


Gold can make for an invaluable component of a retirement portfolio, but unlike stocks or mutual funds it does not generate dividends or yield and its value increases solely through price movements. Furthermore, due to being non-liquid it requires special storage facilities if sold. Selling physical precious metal assets requires considerably more work compared to selling stocks or mutual funds.

When you need to cash out, the top Gold IRA companies offer competitive pricing and will purchase back the precious metals you own when needed. Furthermore, they charge minimal ancillary fees and have excellent customer service ratings.

At such companies, they will help you open an account, buy precious metals you desire and store them safely with government-approved depositories. Furthermore, they provide online portfolio tracking as well as money-back guarantees on initial investments. Furthermore, there is often a wide selection of precious metals such as bullion bars and coins available – it is essential that any company you select possesses all of the appropriate licenses, registrations, insurance coverages and bonds to safeguard your investment!

Raymond Banks Administrator
Raymond Banks is a published author in the commodity world. He has written extensively about gold and silver investments, and his work has been featured in some of the most respected financial journals in the industry. Raymond\\\'s expertise in the commodities market is highly sought-after, and he regularly delivers presentations on behalf of various investment firms. He is also a regular guest on financial news programmes, where he offers his expert insights into the latest commodity trends.

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