What Is a Self-Directed Precious Metals IRA?

A self-directed precious metals IRA is an individual retirement account that allows for ownership of physical assets—including gold, silver, platinum, and palladium. 

Commonly referred to as a Gold IRA or Silver IRA, the precious metals IRA is a favorite among investors seeking an alternative to paper-based investment vehicles.


Understanding Self-Directed Precious Metals IRAs 

The self-directed precious metals IRA is a lot like the IRA you may already own. 

A self-directed plan differs from a typical plan in that it allows for ownership of physical assets—such as precious metals, real estate, and investment properties—as well as paper-based assets. 

It is fully self-directed. You choose the assets you want to own and how much.

A precious metals IRA offers the opportunity to:

  • Diversify your investment portfolio
  • Hedge against inflation
  • Invest in a tangible asset
  • Help preserve your wealth


Eligible Precious Metals 

Allowed self-directed IRA precious metals include:

  • Gold
  • Silver
  • Platinum
  • Palladium   

Gold has been a valued commodity for centuries. Known for its beauty and durability, this rare metal has been a staple in jewelry, adornments, and coinage since ancient civilizations. Because of its non-corrosive nature and high conductivity, modern technology has used gold in all sorts of electronics. 

Silver shines brighter than ever. Once more valued than gold, silver has seen a renaissance of demand. Modern technology, such as solar panels, computers, cellphones, touch screens and much more, could not function without silver. Silver demand has never been higher.

Platinum is a beautiful shiny metal perfect for jewelry. It is highly malleable, very durable, non-reactive, and highly conductive. Platinum is especially prominent in the auto industry. Essential for catalytic converters, platinum helps vehicles clear harmful emissions before they pollute the air.

Palladium is historically known for its use in the dental industry. Fillings and crowns rely on palladium. This rare metal is also a key component in fuel cells, catalytic converters, and various electronic components. 

Keep in mind that the IRS has strict guidelines for self-directed IRA precious metals. Approved precious metals must meet standards for quality, purity, and origin. 


Benefits of a Self-Directed Precious Metals IRA  

As investors battle high inflation, geopolitical turmoil, money printing, and the risk of recession, many find that a precious metals IRA can be a safe haven for their wealth. 


You have more options in a self-directed IRA. You decide what you want to own, how much of it you want to own, and how long you want to own it.  


You make all of the decisions for your plan. If a transaction is IRA-eligible, then you can complete it.  


Most IRAs are paper-based and only allow paper assets—stocks, bonds, treasuries, and exchange-traded funds (ETFs). The best self-directed precious metals IRA offers all these options as well as physical assets. 

With the precious metals IRA, you own metals not correlated with the stock market. They belong to an entirely different asset class than stocks. 

Historically, precious metals tend to increase in value during periods of high inflation, stock market correction, or economic recession. 

Risk Management 

Known as a safe-haven asset, investors often turn to precious metals during tumultuous economic times. 

Having seen some of the supposedly most stalwart companies disappear overnight, many seek out a physical asset. 

Your bars and coins in your IRA are real, physical, and tangible. You can hold them in your hand. 

The metals are some of the best and purest in the world and generally are easy to liquidate in most countries. 

You’ll sleep better knowing that gold, silver, platinum, and palladium anchor your portfolio. These precious metals’ value has persisted throughout the ages and will probably never go to zero.  


Setting Up a Self-Directed Precious Metals IRA 

It is important that you partner with one of the best self-directed IRA companies—such as Advantage Gold.

Advantage Gold’s highly trained representatives will:

  • Help you choose the right style of IRA for you (traditional, Roth, or Self Employed Pension (SEP))
  • Walk you through the account application
  • Transfer or roll over funds from your old plan into your new plan
  • Educate you on the eligible precious metals for your plan
  • Assist you with purchasing your metals and choosing the right depository (vault) for their safe storage
  • Pack, insure, and ship your metals to the depository
  • Inform you of their arrival and acceptance in the depository

You’ll be amazed at how quick and easy the process is. In no time, you’ll have anchored your portfolio to physical precious metals. 


Create a Precious Metals IRA with Advantage Gold 

With almost a decade of experience and a wealth of knowledge, Advantage Gold is the perfect company to help you start your journey toward precious metals ownership. 

We have thousands of five-star reviews on trusted review sites such as Trustpilot and the Better Business Bureau. Please feel free to read what our clients have to say.   

Call us today, or let us know how to contact you. One of our account executives will get you on your way. 

We are happy to help, and look forward to meeting you. 

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