How to Buy Gold For an IRA

How to buy gold for an IRA

Gold IRAs are individual retirement accounts that enable investors to hold precious metal investments such as coins and bullion for retirement purposes. Investors must use an IRS-approved custodian who will safeguard these precious investments.

Gold IRAs often incur fees associated with purchasing, storing and selling the metals within them – costs that add up over time and can significantly diminish profits.


gold ownership requires incurring several fees. These expenses include one-time account setup charges, annual custodian fees, storage fees (to keep metals secure) as well as seller markups and insurance premiums that could reduce returns earned through an IRA. All of this adds up and can reduce returns realized from owning gold in an IRA account.

Professionals typically advise investing a small percentage of your retirement assets in gold due to its highly volatile nature, which can shift quickly in and out of favor. Furthermore, this investment does not pay dividends and may become illiquid over time.

Avoid high-pressure sales tactics. A good gold IRA company should work with you to understand your needs and goals without pressuring you into trades or investments that don’t match up to those desired – examples being Lear Capital, Oxford Gold Group and Red Rock Secured who all provide price match guarantees and 24-hour risk-free periods as some benefits.


Gold and other precious metals are popular investments for those looking to protect their savings against inflation, however not everyone should incorporate them into their portfolio. Before making this decision it’s wise to consult with an advisor or tax specialist.

When investing in gold, there are various fees that must be considered when calculating its total cost. These include one-time account setup fees, annual maintenance fees, spreads (sometimes known as seller fees), brokerage fees and storage costs – these all must be factored into your calculations of investment costs.

When considering adding physical gold IRAs to your retirement portfolio, make sure that the custodian you select specializes in this form of account. Companies such as American Bullion, APMEX and Goldco have long been recognized as trusted custodians of self-directed gold IRAs; all three provide excellent customer satisfaction ratings as well as resources or educational material; some even feature dedicated support representatives who can answer any inquiries that arise.


When investing in gold for an IRA, it is necessary to abide by all IRS regulations. This means having it stored in an IRS-approved depository such as a bank, credit union or savings and loan association; insured as this could increase storage and securing costs; any dealer charging additional one-time or ongoing monthly fees may incur extra costs; additionally the IRA company should cover shipping and handling.

An alternative to mainstream IRAs that invest in gold company stocks or exchange-traded funds (ETFs), precious metals IRAs allow you to store physical bullion and coins. Though not as popular, these accounts provide a diversified investment portfolio with less volatility than other investments – however they tend to charge higher fees which eat into your returns and limit how long you can hold onto the investment for.


As Americans adjust their financial priorities in response to today’s economy, some are choosing to add precious metals like gold and silver into their retirement portfolios. Owning physical bullion may not be necessary – you could invest instead in ETFs or mutual funds that specialize in gold mining companies.

If you want to buy physical precious metals for your IRA, choose a company with an excellent track record in the industry and compare their fees such as account maintenance charges, storage and insurance costs.

Gold IRA companies will offer you a more tailored experience and provide multiple investment options, as well as ensure your precious metals are stored at an IRS-approved depository and safely over time. Furthermore, they’ll give you price match guarantees and 24-hour risk free periods so you can consider making your purchase before committing.

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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