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Open a gold IRA

A Precious Metals IRA, or Individual Retirement Account, is a type of retirement account that allows the holder to invest in physical gold, silver, platinum, and palladium, in addition to more traditional investments such as stocks and bonds. Bullion Exchanges is glad to offer you an easy way to setup your Precious Metals IRA. We have partnered with GoldStar Trust Company and My Equity Trust to offer you the lowest costs and the quickest and most convenient way to open and maintain an IRA Account. Also, we give you the option to choose among the following top and high-class IRA-approved bullion storage facilities: IDS Delaware and Canada, and SWP Cayman Islands.

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OUR PREFERRED IRA CUSTODIANS

GoldStar Trust Company

For over 30 years, Goldstar Trust Company has provided specialized services as one of the nations’ leading self-directed IRA custodians. Handling over 37,500 Self-Directed IRAs with more than 2.5 billion dollars in IRA assets, GoldStar offers attractive low fees and costs. Their knowledgeable agents expertly assist clients in diversifying retirement portfolios using both traditional and alternative investment options.

Equity Trust Company

  • 1 Equity Way
  • Westlake, OH 44145
  • Toll Free: 855.233.4382
  • My Equity

Founded in 1974 and with over $29 billion in invested assets, Equity Trust continues to lead the financial industry as one of the best self-directed IRA (SDIRA) custodians. Equity Trust combines the right mix of customer service, experience, and investment capabilities to give any investor peace of mind. Equity Trust fees are extremely low, allowing investors to save more money on their precious metals IRA portfolio compared to other competitors.

IRA-Approved Depositories

IDS of Delaware

IDS (International Depository Services) is a COMEX/CME, LBMA and ICE approved depository for precious metals which provides unmatched security-conscious protection of your IRA assets. Its staff has extensive experience in precious metals, banking, security and depository. The company provides 24-monitored bullion storage in their modern, state-of-the-art and high-tech UL-Rated Class III vaults in Delaware (US) and Ontario (Canada). The facilities maintain multi-redundant security systems and are insured through an all-risk policy underwritten by one of the world’s leading specialized asset insurance provider – Lloyd’s of London.

SWP Cayman Islands

SWP (Strategic Wealth Preservation) Cayman Islands is a new purpose-built bullion storage facility located in the Cayman Islands. It’s considered one of the premier precious metals storage in the world and the closest offshore storage option for North American investors. The company provides fully allocated, segregated and insured secure storage of physical precious metals in one of the safest and most flexible storage locations on the globe. Their bullion vaults are UL rated Class III, and the top-notch facility is second-to-none.

Welcome to IRA

If you prefer physical precious metals to traditionally balanced retirement portfolios, Bullion Exchanges is here to offer you an easy way to setup your Precious Metals IRA Account in three simple steps.

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Step 1: Open Your Self-Directed IRA Account

Fill out the IRA form to open your Self-Directed IRA Account.

Choose your preferred IRA custodian between two of the most trusted custodian companies in the industry – GoldStar Trust Company and My Equity Trust.

Then pick the most convenient IRA-Approved storage facility for your precious metals: IDS Delaware, IDS Canada, or SWP Cayman Islands.

Complete and submit the form, and you will receive a confirmation email with a link to your chosen custodian or administrator.

Follow the link and fill out a Self-Directed IRA application directly on the IRA administrator website. Once you finish, we will be notified of your account number.

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Step 2: Fund your IRA Account

Once your IRA account has been successfully opened, work with your custodian to fund your account. After your IRA account has been funded, we will be securely and electronically notified of the funds authorized for your precious metals purchase.

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Step 3: Approve our trade and purchase your precious metals

Only certain bullion products are approved to be included in an IRA-Account, including the most popular high-quality coins and bars available on the market. Select your desired gold, silver, platinum and palladium products from the IRA-Eligible product list which you can find in our Learning Center.

We will send you a quote with the metals that you’ve specified so you can see how your funds are allocated across metal types.

Approve the trade, we’ll execute it, and automatically send your shipment to your specified LBMA approved facility.

FAQs

Why would I need a Precious Metal IRA?

Precious metals have always been regarded as a reliable protection against inflation or any potential financial turmoil. Precious Metals IRAs give you the chance to acquire gold, silver, platinum, or palladium and account them into your retirement savings. One of the main advantages of a Precious Metals IRAs is tax benefits, as the investor can either save taxes now (Traditional IRA) or in the future (Roth IRA).

Who is eligible for a Precious Metals IRA?

You qualify for a Precious Metals IRA if you are under age 70 ½ and have earned income.

Which Precious Metals are eligible for IRA?

Solely precious metals which meet the established minimum fineness level are qualified to be included in the IRA Account. The minimum fineness for each precious metal is:
Gold - .995
Silver - .999
Platinum - .9995
Palladium - .9995
Only Gold American Eagles, which are made from 91.67% pure gold, are an exception from this rule, being approved to be included in IRA Accounts. Any bullion items with purity less than the specified minimum are not eligible to be included in a Precious Metals IRA – e.g. Gold Krugerrands, Pre-1933 Gold Coins or 90% US Silver Coins. Here you can find detailed lists of Eligible precious metals items.

Is there a minimum amount of a precious metal IRA purchase?

Bullion Exchanges doesn’t have a specific minimum purchase amount for IRA bullion. However, we do have amount limits based on the payment type that you want to use. Please consult our Terms & Conditions. Also, contact your selected IRA custodian for more details about any minimum amounts regarding purchases within your IRA account.

Can I contribute already owned bullion into a Precious Metals IRA?

No. All contributions into an IRA Account must be made in cash or through transfers, rollovers or new purchases of IRA-Eligible precious metals.

Am I limited to only precious metals investments in a Precious Metals IRA?

Absolutely not. Your Precious Metals IRA is a Self-Directed IRA Account which allows you to invest in stocks, mutual funds and other investment types. Check this page for more info.