Using the Best Self-Directed Gold IRA

How to Invest in Precious Metals With a Respected Gold IRA Company

What Is a Self-Directed Gold IRA?

A Gold IRA or Precious Metals IRA is a type of individual retirement account (IRA) that can be used to invest retirement funds in alternative investments. While you would receive the same tax advantages as a standard IRA, the big difference is what you can invest in. With a standard IRA, you can invest in stocks, bonds, and mutual funds. With Self-Directed Gold IRAs, you can expand your investment portfolio beyond Wall Street products and diversify your investments by putting money into gold or other precious metals.

Gold and Precious Metal IRAs at a Glance

A Precious Metals IRA is a type of Self-Directed IRA that can be used to invest in gold and other precious metals.

There are many benefits of investing in gold and silver as well as other precious metals. Hedging against inflation is one benefit of Precious Metal IRAs. Gold has consistently held value throughout history, and it's a great portfolio diversifier.

It's important to note that there are minimum fineness requirements and specific metals that you are able to invest in with a Self-Directed Precious Metals IRA account.

You can set up a Self-Directed Gold IRA with Madison Trust, one of the best Gold IRA companies, in six simple and secure steps.

Understanding Gold IRA Investing

A Gold and Precious Metals IRA offers you the freedom to invest in tangible assets. Let us walk you through this great investment option..

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What are the Benefits of a Precious Metals IRA?

There are several benefits to using a Precious Metals IRA for gold and silver investing:

Inflation-Resistant Investments

When the dollar's buying power decreases, precious metals' value tends to increase in response. This is why many choose to invest in a Gold IRA during periods of inflation.

Build Generational Wealth

Gold has historically kept its value over time, and many see gold as a way to pass their family wealth to the next generation.

Diversify, Diversify, Diversify!

Precious metals can be an excellent way to diversify your retirement portfolio. Precious Metal IRAs hold alternative investments that are not available on the stock market, and when stocks and bonds decrease in value, those precious metals hold strong.

Factors to Consider

Before investing in your precious metal of choice, it's important to confirm that it qualifies as an IRA-allowable precious metal per IRS regulations. The IRS prohibits all IRAs from investing in collectible items, and precious metals that do not meet certain criteria may be deemed as such.

As Self-Directed IRA custodians are not permitted to give investment advice, it is up to the individual investor to perform adequate due diligence on every prospective investment. Thoroughly research potential precious metal dealers to verify that they are reputable and that all offered products are authentic and allowable.

Strategizing and observing your precious metal's liquidity is considered best practice. Selling large quantities can be challenging, depending on the market. Developing a plan can help your precious metal investment best support you in retirement. This coincides with constructing a budget and bearing in mind any upcoming storage or insurance fees.

Furthermore, familiarizing yourself with prohibited transactions is paramount in maintaining the integrity of your Self-Directed IRA; gold investments must follow the same rules as investments in other types of assets. Schedule a call with a Self-Directed IRA specialist to determine if anything on the horizon can potentially signal a prohibited transaction.

Self-Directed Gold IRAs or Precious Metals IRAs are incredible vehicles for diversifying your portfolio.

What Types of Precious Metals Can I Invest in With a Gold IRA?

With Madison Trust's Self-Directed Gold IRA, you can invest in several types of metals, including gold, silver, platinum, and palladium. It’s important to note that each of these metals has certain fineness requirements per the Internal Revenue Code:

Gold: 99.5% pure

Silver: 99.9% pure

Platinum: 99.95% pure

Palladium: 99.95% pure

It’s also pertinent to mention that if your precious metals investment is minted by the government (e.g. American Eagle coins), it does not need to meet the fineness requirements for Precious Metals IRAs for gold, silver, and other metals. But if your precious metals are not government-issued, then they need to be accredited and meet the fineness requirements.

How Does a Precious Metal IRA Work?

Now that you know what types of metals you can invest in with a precious metal IRA, the next question is: "How do you invest in gold and silver with a Self-Directed Precious Metals IRA?" As one of the top gold IRA companies, Madison Trust has a secure and simple six-step process, and we work directly with FideliTrade and Delaware Depository on all gold IRA trades. This ensures that you're buying gold and other precious metals at a fair price and gives you peace of mind, knowing that your metals are securely stored in Delaware Depository's vault.

Here's how to buy gold in a Self-Directed IRA and invest in other precious metals with us:

Open a Self-Directed Precious Metals IRA account with Madison Trust, and fund your account.

Open an account online with FideliTrade, a Delaware Depository Company.

Visit Fidelitrade's Products & Prices page to pick what you'd like to invest in and call to lock in your price.

Fill out the Trade Confirmation from FideliTrade & Investment Authorization Form from Madison Trust.

Madison Trust wires your funds directly to Delaware Depository.

Delaware Depository securely stores your precious metals.

Take This Info on the Go!

Download a PDF version of our Self-Directed Precious Metals IRA investment process for your future reference.

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Are You Ready to Get Started on Your Gold IRA Investing Journey?

Take the first step today and speak with a knowledgeable Precious Metals IRA Specialist.

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Choose Madison Trust as Your Gold IRA Custodian

Step-by-Step Guidance

If you're unsure where to get started with investing in gold, a knowledgeable member of our team will help you through the process, from opening your account to placing your investment.

Secure Investing

Madison Trust works with FideliTrade and Delaware Depository for all Self-Directed IRA gold and silver investments. We want to ensure that our clients have the best investing experience possible.

Straightforward Fees

As your Self-Directed IRA gold and silver investments grow, your fees will stay the same. Among the lowest in the industry, our flat rates help ensure you will never pay more for investing in your future.

It's time to give your retirement funds the golden opportunity to grow with Madison Trust's Self-Directed Precious Meals IRA. If you'd like to get the investing process started or have more questions, our dedicated client support team is here to help! Contact us to learn more.

Our Story

Madison Trust is an industry-leading Self-Directed IRA custodian with a passion for empowering individuals to gain control of their retirement investments. Learn more about our story from our President & CEO, Daniel Gleich.

Ready to Get Started? We're Here for You!

Madison Trust offers Self-Directed IRA services that are easy to get started with! Thanks to our dedicated Self-Directed IRA Specialists, you will be provided with step-by-step guidance from account setup all the way to placing your investment.

It's time to start investing in what you know and believe in with a Madison Trust Self-Directed IRA!

Self-Directed IRA Specialist at Madison Trust to show our incredible customer service.

Diversification Beyond Wall Street Awaits

Reach out, and one of our Gold IRA Specialists can assist you with getting started on your self-directed investing path.

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Investing in Precious Metals With a Self-Directed Gold IRA: FAQs

What are the Different Types of Precious Metals IRAs?

You can choose between three different kinds of Gold IRAs.

Traditional Gold IRA – This account will be funded with pre-tax dollars, and all the money you contribute will not be taxed. This means your earnings will grow tax-deferred, and additionally, your contributions are tax-deductible.
Roth Gold IRA – This account is funded with after-tax dollars, which means your earnings will grow tax-free.
SEP Gold IRAs – This account is created for self-employed or small business owners and entrepreneurs. It’s similar to a Traditional Gold IRA, with the main exception being the colossal contribution limit. You’re capable of contributing up to 25% of your self-employed compensation as long as it’s below the $69,000 limit (as of 2024).

How Can I Withdraw Precious Metals?

Besides investing in precious metals, you can also withdraw your bullion and take direct physical possession of it. If you take a distribution before age 59½, you will have to pay tax and early distribution penalties. The type of metal you receive at distribution depends on how you select to store your metals (segregated or non-segregated).

Segregated Storage – the exact metal you purchased is what you will receive if you sell them or do an in-kind distribution.

Non-Segregated Storage – When you sell metals or complete an in-kind distribution, you may receive "like" metals, which are not the exact metals you purchased. For example, you may purchase 2018 silver American eagles. When you take a distribution, you may receive different 2018 silver American eagles or silver American eagles from a different year.

Do Required Minimum Distributions Still Apply to Gold IRAs?

If you’re the owner of a Roth Gold IRA, then the required minimum distributions (RMDs) will not apply. However, if your investment was made under a Traditional Gold IRA, you will still need to take RMDs, beginning at age 73 (as of 2024). You have two options for distributing gold:

Sell the Gold and Distribute it as Cash – this entails liquidating gold and receiving it as a cash distribution. The price of gold will generally be based on the market value on that date.
Create a Personal Account at a Depository – once you’ve created a personal account at a depository (we prefer Delaware Depository), the distribution of your gold will then be transferred to your DDSC account.

What Fees are Involved With Self-Directed IRA Gold Accounts?

At Madison Trust, we aim to have our fees be straightforward, and pride ourselves on being among the lowest in the industry. Just like any other kind of IRA, you’ll have to pay a fee to open the account, as well as our flat-rate quarterly fee, which will always remain the same amount regardless of your account’s value. For Gold IRAs, you will also pay a storage fee which is dependent on the facility in which you choose to keep your precious metals. To learn more, visit our fee schedule.

Why are IRA Transfers a Good Option to Buy Gold?

If you’re looking to further diversify your retirement portfolio with precious metals, you can transfer all – or a portion of – your existing IRA into a new Gold IRA. Transfers from an existing IRA to a new Gold IRA are non-taxable events. Once your Gold IRA is funded, you can follow steps two through six of our process to invest in an IRA allowable precious metals of your choice.

What Other Kinds of Precious Metals Can I Invest In?

Outside of gold, you can also establish a Silver IRA, Palladium IRA, or a Platinum IRA. These precious metals are all IRA-allowable metals, so long as they meet the fineness criteria, and in certain cases, are minted by the government. For more information on investing in any of these precious metals, please reach out to one of our Precious Metals IRA Specialists.

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