Steps and Advantages of Investing in Self-Directed Precious Metal IRAs

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Although many people invest in stock and bond-based retirement accounts, you have other options with strategic advantages. Setting up a self-directed IRA gives you the freedom to choose the types of investments and make transaction calls. These accounts may be traditional or Roth IRAs depending on your goals and financial situation. One possibility is a precious metals account.

Precious metal IRA accounts come with requirements. First, investors must purchase IRA-eligible products. Second, investors do not actually possess the gold and silver. When you become a precious metals investor, you will need to choose a custodian or trust company to conduct the transactions for you. The custodian is obligated to set up accounts, generate account statements and handle contributions. A federally approved depository also needs to be selected.

Precious metals may be bought from a dealer who will have a variety of prices and products. The custodian will handle the transaction and the product’s delivery to the depository.

Gold is an established investment market and quite suitable for precious metal IRA accounts. The metal must be at least .995 percent pure to be eligible, but investors may choose coins, bullion or bars. If you are interested in precious metals for your accounts, this guide will help you. Examples of approved coins are:

  • American Gold Eagle
  • Austrian Gold Philharmonic
  • Canadian Gold Maple Leaf

At Orion Metal Exchange we offer a wide selection of these types of products. You can contact us at

One primary reason for you to consider a precious metal IRA is the tax advantage. The IRS does not tax IRA holdings or capital gains until you sell. Because your tax rate will depend on your income as you cash in your retirement holdings, you can increase returns by minimizing your tax rate. This is not possible with investments held in brokerage accounts; making precious metal IRA accounts a wise option.