You may have come to this article because you’ve already decided to go with a Gold IRA. Or you’re just looking for more information. Either way, I found some key answers to questions everyone should ask before signing the dotted line.
Setting Up An Account
Before you do anything, you should check out a list of quality Gold IRA companies. Do your research, and even reach out with any questions you might have. A good company will welcome your inquiries.
Next, you set up your funds with the company. If you want to rollover funds from another IRA, check out my article here on how to do that. Once your funds are in the IRA account, you will work with your broker on how you would like to purchase your gold, silver, platinum, or palladium.
Each broker has their preferred dealers and sources, and you will work with them to purchase IRS-approved precious metals for your account.
Once the Gold is Purchased…
After your gold is purchased, you will work with your broker and your custodian to ship, store, and secure your investment. After that process is over, you will generally pay a yearly custodian fee, and that’s it.
You can watch the stocks and bonds, watch inflation, and watch the precious metals markets, knowing that your investment is secure.
The process for purchasing gold and silver for an IRA is fairly straightforward, but you may still have some questions. I’ll devote the rest of this article to some common ones that I’ve fielded in the past.