Gold IRA - Good Investment or not

Visit the Precious metals page on the website for suggestions on overall Portfolio structure, choosing between Silver and Gold, and other important Portfolio considerations.
The ideal Silver and Gold Portfolio begins with physical metal that the Investor has easy access to. That could be a local vaulting facility (in bigger cities), a home safe, or a hole dug in the back yard.
These personally-held Precious metals form the foundation of our ideal Portfolio and they are purchased with after-tax income outside any tax-favored retirement account.
After we take personal possession of some physical Silver and Gold we can then build the rest of our Precious metals Portfolio using a mix of pre-tax and post-tax income.
Gold IRAs allow us to allocate tax-preferred funds into physical metal.

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But...If you would like to continue exploring an Investment in Gold IRAs feel free to continue reading below.


What is a Gold IRA rollover

Benefits of Gold IRA
There are three key benefits gained from an Investment in a Gold IRA.
First, you can purchase physical Precious metals inside a tax-advantaged Retirement account.
Second, moving existing retirement money into Gold provides diversification for the traditional Portfolio of stocks and bonds.
And third, Gold acts as a hedge against Inflation and economic turmoil.

Gold IRA vs physical Gold
Investing in a Gold IRA versus physical Gold is an important question to consider.
At Satori Traders we encourage our clients to begin their Precious metals Portfolio by purchasing physical Gold outside the financial system.
Once this solid foundation has been laid, tax-advantaged funds can be moved from existing Retirement accounts into a Gold IRA.
This strategy adds the security of Gold to an Investment Portfolio while also diversifying away from the traditional 60/40 Retirement account holding Stocks, Bonds, and Mutual funds.

How does a Gold IRA work
Here’s are some key Gold IRA tax rules to keep in mind. They will help explain how does a Gold IRA work.

What is a Gold IRA rollover

Gold IRA fees
* Sell commission can be avoided by taking a distribution of the physical metal instead of distributing cash
Account setup fee – Buy commission
Some companies offering Gold and Silver IRAs charge an account setup fee, others charge a sales commission on the physical metal purchased for the IRA.
For accounts under $100,000 the overall cost to setup an IRA is likely to be similar regardless of which company you choose.
Above $100,000 the fee structure for account setup should drop noticeably and some Precious metals IRA companies waive these fees altogether for accounts above $250,000.
Promotional offers
Another factor affecting overall account setup cost is the promotional offers available from the IRA companies.
The companies are competing for your retirement funds so they run promotions as part of their growth strategy.
Smart consumers will take advantage of these promotions.
Because the fees charged by the IRA companies are based on the size of the Investment and the promotional offers change periodically, you will have to do a little research to determine your exact account setup cost.
Metal storage fees
Storage fees are an additional cost of participating in a Precious metals IRA.
Remember that we are talking about physical metal that an IRS-approved Custodian will store for us in their approved vaulting facility.
There is a cost incurred by the Custodian to store our metal securely so it is reasonable that we pay the Custodian for their service.
Segregated vs non-segregated metal storage
An important aspect of Gold and Silver IRAs comes to light when we consider annual storage fees.
Precious metals Custodians make a distinction between segregated (or ‘allocated’) and non-segregated (or ‘unallocated’) metal storage and charge different fees for each service.
In segregated storage specific Coins and Bullion bars are set aside or ‘allocated’ specifically for the Investor.
In non-segregated storage the Custodian makes an accounting entry designating a certain amount of their operating Precious metals inventory as belonging to the Investor.
In other words, no actual metal is set aside specifically for the Investor in non-segregated storage.
Custodians prefer non-segregated storage and charge more for segregated storage. For example, we are likely to find annual fees for non-segregated storage are around $100 while segregated storage costs $150 or more.
Conservative Investors will want to pay the premium for segregated storage.
To setup a Precious metals IRA and opt for non-segregated storage is like stopping the winning touchdown run just a few yards short of the goal line.
Always opt for segregated storage and have the winning ball placed in the vault with your name on it.
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Vanguard Gold IRA

Gold IRA reviews
There are quite a few Precious metals IRA companies to choose from so having a strategy for making a selection is important.
Because we are talking about having physical Precious metals stored by a third-party, the important selection factors are related to trust.
The Investor has to feel comfortable with the IRA company and the company’s Custodian.
Gold IRA reviews from actual customers provide valuable insight into the companies and how trustworthy they are.
Those reviews can be found at the following consumer websites:
Better Business Bureau (BBB)
Consumer Affairs
TrustLink
Trustpilot
Minimum Investment
Investors wanting to setup a new Precious metals IRA using only the IRS allowed contribution of $6,000 ($7,000 over age 50) will need a company offering low minimum Investments.
Most of these companies offer free Investment kits on their website.
Precious metals IRA company
Fidelity
- Founded: 1946
- BBB rating: C-
- Proof Coins: No
- Minimum Investment: $1,000
Patriot Gold Group
- Founded: 1990
- BBB rating: A+
- Proof Coins: Yes
- Minimum Investment: $15,000
- Founded: 2003
- BBB rating: A+
- Proof Coins: Yes
- Minimum Investment: $10,000
- Founded: 2006
- BBB rating: A+
- Proof Coins: Yes
- Minimum Investment: $25,000
- Founded: 2010
- BBB rating: unrated
- Proof Coins: Yes
- Minimum Investment: $10,000
Noble Gold
- Founded: 2017
- BBB rating: A-
- Proof Coins: Yes
- Minimum Investment: $2,000
Gold IRA | Year founded | BBB rating | Proof Coins | Minimum Investment |
---|---|---|---|---|
Fidelity | 1946 | C- | No | $1,000 |
Patriot Gold Group | 1990 | A+ | Yes | $15,000 |
2003 | A+ | Yes | $10,000 | |
2006 | A+ | Yes | $25,000 | |
2010 | unrated | Yes | $10,000 | |
Noble Gold | 2017 | A- | Yes | $2,000 |

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Conclusions
Instead of trying to determine whether a Gold IRA is a good Investment or not, in this brief article we focused on a hypothetical Investor wanting to build a Precious metals Portfolio.
Within that context moving tax-advantaged retirement funds into physical Precious metals makes a lot of sense.
Tax-deferred retirement funds are essentially stuck inside IRS-approved Investment vehicles until the Investor reaches age 59 ½.
Precious metals IRAs allow Investors to diversify their overall Investment Portfolio using tax-favored funds.
The ideal Investment Portfolio will look different for each Investor. Always do your due diligence and consult your Investment advisor, tax advisor, and Financial planner before making significant changes to your Portfolio.
Bryan V Post is a California-registered Investment Advisor Representative specializing in the Precious metals.
He is the founder and CEO of Satori Traders LLC, a California-registered Investment Advisor.
Bryan has worn numerous hats during his life:
Engineer, Portfolio manager, Precious metals Investor, Technical analyst, Proprietary trader, Swing trader.