What Is A Gold IRA?
A gold IRA or precious metals IRA is an “Individual Retirement Account” in which physical gold or other approved precious metals are held in custody for the benefit of the IRA account owner. It functions the same as a regular IRA, only instead of holding paper assets, it holds physical bullion coins or bars.
Why Is Gold So Vital?
In 2008, during the last stock market crash, many accounts lost almost half their value. And experts are warning that it is going to happen again.
As the global debt reaches an unsustainable $152,000,000,000,000, economists agree that a future Wall Street collapse is inevitable.
HERE ARE SOME OF THE MOST FREQUENT QUESTIONS WE GET ASKED
The first step is to fill out the online IRA set up form here. The form is easy and will only take about five minutes to fill out. If you don’t know all of the answers, we will follow up with a phone call to fill in the blanks.
Within 24 hours, our Noble Gold IRA team will contact your new custodian and get your account setup for you. We will also find out if there is any additional paperwork that your specific custodian requires. We will email you the new self directed ira account number for your records.
There are 2 ways of doing this; a transfer or a rollover.
With a transfer, you don’t have to do anything. A transfer involves moving the assets directly from one custodian to another custodian without you taking receipt of the funds. Our team will work with New Direction IRA, your self-directed IRA custodian to get your funds moved over quickly. Typically, it takes between 3-7 days to move your funds from your old custodian to your new custodian. Once the funds are moved over they will put the funds into a FDIC money market account and your account representative will call you.
A rollover is when you take receipt of your funds and have up to 60 days to reinvest them into a new retirement plan. Your current IRA account provider mails a physical check to your home. Then you are responsible for mailing the check to us. As long as the funds are deposited into your new Gold IRA within that 60 day window, there are no tax penalties.
Absolutely not. As described above, there are no taxes or penalties as long as you are moving from one qualified retirement account to another, from custodian to custodian. With the rollover, as long as the 60 day rule is satisfied, you’re in the clear.
A Noble Gold precious metals IRA provides you with tangible physical precious metals. Your metals will be stored in a secure, private depository vault. We only offer segregated storage. Your physical gold and silver will be held under your name and protected separately from other investors assets in the storage facility. You can keep track of your metals online or schedule to see them in person. When it is time to take distribution of your tangible assets, you can request that they be discreetly shipped to your home, or you can liquidate your assets with our buyback program., you will be the proud owner of the actual physical metals you purchased. All of your hard assets are securely stored at a state-of-the-art, IRS-approved, insured private storage facility.
Noble Gold has partnered with International Depository Services (IDS) to provide our clients with state-of-the-art, specialized, COMEX/CME, LBMA and Intercontinental Exchange (ICE) approved, precious metals storage. Your assets guarded by IDS are insured through an all-risk policy underwritten by Lloyd’s of London, the world’s leading provider of specialized asset insurance. IDS has storage locations in Texas and Delaware in the USA and in Mississauga, which is just outside of Toronto, Canada.
Only qualified retirement accounts are eligible: 401k, 403b, 457b, TSP, Roth, SEP or SIMPLE IRA, and some pensions. It would be best if you spoke with one of our IRA experts to see if your account qualifies, as your situation might be unique. Even if you are unsure if you are eligible for a Gold IRA, you can fill out our online form. Just leave any unknowns blank and one of our IRA experts will followup with you to sort out the details.
There is a recurring annual fee of $225 and a $250 annual fee if you store in Texas. Included in this cost is secure segregated storage of your physical precious metals, insurance, and access to your online account which tracks your assets in real-time. Please note there are companies advertising that the fee’s are $160 per year that is not segregated storage but commingled storage at the depository. We do not recommend commingled storage as an option because it does not give the client full ownership of the metal.
Yes your custodian New Direction IRA Services, offers online access to your private account, 24/7, 365 days a year. And you can also call any of the brokers from 7 am – 5 pm Monday through Friday to find out the balance of your portfolio.
When it’s time to take distribution or liquidate your gold holdings, contact your Noble Gold IRA expert to process your request. You can either have your physical metals securely and discreetly shipped to your home, or you can choose to receive cash. We offer a Buyback program to ensure that you are not left with the task of finding a buyer for your precious metals. We will make sure that you’ll reap the lucrative benefits of your gold and silver, in whichever form you choose.
Yes, this method of purchasing physical gold and silver has become increasingly popular. To fulfill the demand for such services, we’re now offering our Royal Survival Packs. From $5,000 to $500,000, these hand-picked mixtures of precious metals have been assembled for their high levels of liquidity and recognizability all over the world. In case of emergency, you’ll be glad you have one of these stashed away.
We offer a flat fee structure when you acquire the metals from us. We have also limited the number of metals options to the most highly sought after products in the industry. With our years of experience and trading we are able to secure some of the lowest prices to ensure that our clients can grow their portfolio’s quickly.
We can definitely help international buyers protect their futures with gold and silver. We will gladly facilitate the purchase and storage of precious metals for international buyers, but we only ship and store the metals in our secure and insured vaults in the USA (Delaware) and Canada (Mississauga, ON). No matter where you are in the world, our Buyback program is a safe way to liquidate your holdings once it’s time to cash out. We offer our Noble Ambassador Survival Pack for offshore clients – those outside the United States – who want to hold precious metals within North America.
GOLD IRA RULES
METAL PURITY STANDARDS
There are strict rules governing the purity and type of metals which are valid for IRA inclusion:
- Gold must be .9950 (24 karats) pure.
- Bullion bars should be fabricated by NYMEX, COMEX, or any other ISO 9000 approved refiner.
- Proof coins should be presented with a certificate of authenticity and must be in their original mint packaging.
- All bullion must be in an uncirculated, first-rate condition.
IRS APPROVED METALS
The following gold coins are acceptable to be held in a gold IRA by the IRS:
- American Gold Eagle bullion coins
- American Gold Buffalo uncirculated coins
- American Gold Eagle proof coins
- Chinese Gold Panda coins
- Canadian Gold Maple Leaf coins
- Australian Kangaroo/Nugget coins
- Austrian Gold Philharmonic coins
You can invest in the above mentioned gold coins in specific sizes. One ounce, one half, one quarter, and one tenth ounce gold coins are allowed by the Internal Revenue Service.
GOLD IRA VS. TAXES
HERE ARE SOME ELIGIBLE INVESTMENTS
- Common Stocks
- Mutual Funds
- Savings Accounts
- Certificates of Deposit (CDs)
- Exchange Traded Funds (ETFs)
- Money Market Accounts (MMAs)
- Treasury Inflation Protected Securities (TIPs)
- Real Estate Investment Trusts (REITs)
These are the most commonly held investments, but notice they are all paper and currency.
LESS COMMON INVESTMENTS WHICH GAINED APPROVAL ARE:
- Stocks from an Initial Public Offering
- Closely Held Stock – Family companies
- Rental Real Estate
- Options to buy Real Estate
- Oil and Gas Royalties
- Stock Options
- Mortgages or other loans held for investment
- Residential or commercial real estate
- Domestic or Foreign real estate
- Raw land
- Foreclosure property
- Mortgage pools
- Private loans
- Tax liens
- Private businesses
- Limited Liability Companies
- Limited Liability Partnerships
- Private placements