How Do I Buy Physical Gold in My IRA?

Purchase of physical gold and silver is one method of investing in precious metals, but investors can also select an exchange-traded fund (ETF) focused on gold as another investment vehicle.

IRAs generally do not permit owning collectibles, such as gold. There are, however, ways around this rule for investing purposes like this one. Here’s how.

Self-Directed IRAs

If you want to purchase physical gold for retirement purposes, a self-directed individual retirement account (SDIRA) offers the perfect solution. An SDIRA enables investors to make their own investment choices under the guidance of a custodian; you can find one by working with either a precious metals dealer or financial services firm that specialize in SDIRAs.

First, establish an IRA with a qualified custodian. Next, choose which coins or bullion you wish to own and ensure they meet IRS regulations. Expect to pay an one-time set-up fee that varies by institution as well as annual fees associated with storage of gold.

Physical gold investment may provide diversification benefits and serve as an inflation hedge, however not every investor may find this to be suitable; before making your decision it’s wise to consult a financial advisor or tax professional in order to ascertain whether physical gold investments would fit within your investment portfolio.

Self-Directed Custodians

Gold can serve as an effective investment diversifier and help reduce volatility in your retirement portfolio. However, as it doesn’t produce income itself, it is vitally important that other assets within your account provide income streams in balance.

If you want to add physical gold to your IRA, work with a company that specializes in self-directed IRAs. After setting up an account with your chosen custodian and selecting metals or coins to invest in, these companies can assist in finding suitable investments that suit both your needs and budget.

Be sure to consider fees associated with storing and insuring precious metals when investing in a gold IRA. While these costs can vary widely depending on which storage provider is selected – for instance some charge markup fees while others levy annual storage fees; other firms may even levy fees when moving funds to a different custodian.


Gold IRA rollover is an efficient way to convert existing retirement accounts into precious metals investments, using funds from an IRA, Roth IRA or traditional IRA to open one with self-directed gold investing capabilities. Investors work directly with a precious-metals dealer/custodian who will purchase actual bullion for storage explains John Johnson from GoldStar Trust in Canyon Texas.

Finding a trustworthy precious metals company that assists with the entire process from start to finish can be challenging, so make sure they provide clear terms, fees and charges upfront without hidden surprises at the end.

Keep a keen eye out for companies charging excessive markups for coins or bullion. Be wary of those offering collectible or semi-numismatic gold pieces which tend to be less liquid (harder to sell) but carry no added value over standard bullion.


Precious metal IRAs provide an alternative to traditional IRAs by investing in precious metals as an asset class. Such investments provide investors with diversification for retirement portfolios while protecting against inflation and market fluctuations; however, these may be more expensive options.

Finding a custodian that specializes exclusively in precious metal IRAs is the first step toward investing in gold tax-deferred accounts. Standard custodians like Fidelity or Schwab don’t accept physical gold IRAs, so you must find one who does. When searching for such a company, look for licensing, registrations, and insurance for added protection of assets.

Once you have located a reputable custodian, choose which type of gold or bullion you would like to invest in. Make sure it meets IRS-approved coins or bullion that has been verified as high-purity by a nationally accredited gold dealer; in addition, avoid collectibles as they may not fit within an IRA asset classification.

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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