May 8, 2024

Investing in Platinum with a Self-Directed Gold IRA 

Written By: Daniel Gleich

Key Points 

  • With a Self-Directed Gold IRA, you can invest in platinum and other precious metals.
  • By investing in platinum, you can diversify your retirement portfolio and typically hedge against inflation.
  • Madison Trust makes it easy to open a Gold IRA and begin your platinum investing journey.
Platinum bars 1000 grams pure platinum

A Self-Directed Gold IRA, also referred to as a Gold IRA or Precious Metals IRA can give you the unique opportunity to invest in precious metals, such as platinum for your retirement. You may use it to diversify your retirement portfolio and invest beyond stocks, bonds, and Wall Street products. Here’s what you need to know about investing in platinum. 

What is a Gold IRA? 

A Gold IRA is a type of Self-Directed IRA (SDIRA) that allows you to invest in various alternative assets, including these precious metals

  • Platinum: 99.95% pure  
  • Gold: 99.5% pure 
  • Silver: 99.9% pure 
  • Palladium: 99.95% pure 

Each of these metals has specific fineness requirements per the IRS. Fineness is the weight of the metal in proportion to the total weight of the object in parts per thousand. 

Self-Directed Gold IRA Options 

If you decide to open a Self-Directed Gold IRA so you can invest in platinum, you can choose between a Self-Directed Traditional IRA and a Self-Directed Roth IRA. 

Gold bar, calculator, and glasses on an increasing trend graph to show an investment in precious metals with a Self-Directed IRA

A Self-Directed Traditional IRA holds the same tax advantages as a Traditional IRA. You contribute pre-tax dollars, which can potentially lower your current taxable income. The funds within your Self-Directed IRA grow tax-deferred — any capital gains, dividends, or interest earned on your investments are not subject to immediate taxation. Your investments can compound over time without the drag of annual taxes. 

A Self-Directed Roth IRA involves the after-tax contribution method. This means you fund the account with money that has already been taxed so your contributions won’t be tax-deductible. All your earnings, including capital gains, dividends, and interest, will accumulate without any future tax liability, as long as you follow the withdrawal rules. 

Benefits of Investing in Platinum Through a Gold IRA 

Here are several advantages to investing in platinum through a Gold IRA. 

Investing in precious metals, like platinum, make it possible to diversify your retirement portfolio and in turn, potentially enhance your overall investment strategy. 

Stack of coins with blocks on top with images of a dollar sign, oil tank, dollar bill, shopping cart, and a red arrow to show increasing inflation.

Platinum and other precious metals have historically increased in value as the dollar's purchasing power diminished, making them a valuable potential hedge against inflation. 

Depending on the type of Gold IRA you choose, you can enjoy either tax-deferred or tax-free growth for your platinum investments. 

Precious metals, like platinum are generally seen as  liquid assets, meaning you have the potential to swiftly convert them into cash. 

Platinum has the potential to appreciate, offering the opportunity for increased returns on your retirement investment in response to market conditions. 

How Can I Invest In Platinum With A Self-Directed IRA? 

Madison Trust makes it a breeze to invest in platinum with a Self-Directed IRA. Our simple, 6-step process includes:

  1. Complete your Self-Directed IRA application and fund your account with Madison Trust. 
  2. Open an online account with FideliTrade, a Delaware Depository Company. 
  3. Visit FideliTrade's Products & Prices page to choose your platinum investments and call to lock in your price. 
  4. Fill out your FideliTrade Trade Confirmation Form and Madison Trust's Investment Authorization Form. 
  5. Instruct Madison Trust to wire your funds to Delaware Depository. 
  6. Delaware Depository will securely store your platinum. 

Getting Started with Investing in Platinum with a Gold IRA Today 

If you’re interested in investing in platinum to save for retirement, schedule a discovery call with Madison Trust. We look forward to educating you further on the power of a Gold IRA. 

Disclaimer: All of the information contained on our website is a general discussion for informational purposes only. Madison Trust Company does not provide legal, tax or investment advice. Nothing of the foregoing, or of any other written, electronic, or oral statement or communication by Madison Trust Company or its representatives, is intended to be, or may be relayed as, legal, tax, investment advice, statements, opinions, or predictions. Prior to making any investment decisions, please consult with the appropriate legal, tax, and investment professionals for advice.

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