How Do I Own Gold in a Roth IRA?

Gold can be an attractive investment choice to diversify a retirement portfolio or reach other investing goals. To be sure you select the appropriate gold-backed Roth IRA options.

Roth gold IRAs are self-directed individual retirement accounts that enable investors to store precious metals with after-tax contributions and tax-free withdrawals during retirement. Furthermore, these IRAs must be held in an IRS-approved depository.


Gold in its physical form is an appealing asset to hold in an IRA, although it should be remembered that unlike stocks or ETFs, physical precious metals don’t provide returns like stocks do; rather, they serve as protection against drops in world currency values. Therefore, physical precious metals must be stored with an approved custodian instead of being hidden away at home or bank vault.

Just like other IRA accounts, your gold IRA will incur fees, including an initial account setup cost and ongoing storage and custodian expenses. Keep in mind that having all of your retirement investments concentrated in precious metals leaves you vulnerable to inflation risks and can leave your portfolio less diversified than it otherwise would be.


Add gold to your retirement account is generally straightforward, though the exact process may differ depending on which company you work with. Generally, this requires opening an IRA with an IRS-approved precious metals dealer who sells coins and bullion. Next, direct the custodian of your IRA account to purchase these investments directly from this dealer using funds from your IRA.

Metals will then be delivered to a depository for safekeeping and storage, following IRS requirements on fineness levels and other specifications of eligible metals.

If you want to invest in physical gold for your Roth IRA, first weigh the benefits and consider whether it fits with your long-term financial goals. In most cases, investing in stocks of gold-related companies, gold mutual funds or ETFs that track an index would provide more leverage and diversification than buying physical bars or coins alone.


Custodial Roth IRAs are retirement accounts designed specifically for children that can be opened by an adult and managed on behalf of that child until they turn 18. Once their account becomes owned by them (usually 18-25 depending on your state’s laws), any investments withdrawn before that age will be taxed and subject to a 10% penalty tax.

Custodians that provide superior service make managing an IRA straightforward, offering a range of assets to invest in at competitive fees, and complying with SEC, FINRA or state regulation requirements.

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When taking distributions from an IRA provider, there are two options available to you – in-kind distributions or cash. While in-kind distributions require extra shipping and insurance fees if choosing to have precious metals delivered directly, they are the only way to be sure your gold conforms with IRS regulations.

If you wish to make a physical withdrawal, your account custodian will work with a reputable precious metals dealer to purchase approved assets and then have them transported to an insured depository. Before making your choice, however, be sure to inquire further with each company about its processes and costs, such as annual fees or storage and insurance charges. Some firms even provide online dashboards so you can monitor how your investments perform; it is best advised that before making your final decision that consult a financial advisor; these professionals are experts at tailoring advice specifically suited to your unique financial circumstances and goals.

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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