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Gold IRA Introduction


Precious Metals are a hard asset that lie outside of the stock market and bring balance and diversity to your retirement portfolio.


Combine your retirement account tax advantages with gold, silver, platinum, or palladium.


Put your knowledge and experience in precious metals to work for the benefit of your IRA’s growth.

Gold, Silver, Platinum, or Palladium in Your IRA

The IRS allows a variety of different retirement accounts such as an IRA, Solo 401(k), HSA, or ESA to acquire certain precious metals as an asset, all while retaining the tax benefits associated with the account type. Investing in gold, silver, platinum, or palladium in your self-directed IRA is one way to diversify your retirement portfolio. Not all IRA providers allow their clients to possess a gold IRA account; however, New Direction empowers our clients to invest in the asset markets that they know and understand.

Many people have had experience investing their personal funds in precious metals. They are now looking to capitalize on that experience and generate retirement wealth that is tax-deferred or tax-free by investing in a gold and silver IRA. In order to invest in physical precious metals in an IRA, the account holder will first choose a metals dealer/broker and a depository. The depository is a secure facility where the metals are held in the name of the IRA.

An IRA can purchase precious metals from any non-disqualified person or entity. You, the IRA holder, select a dealer/broker from which to buy metals, and direct us to send money from your IRA to close the deal. We make sure that the entire process takes place within your IRA, so that the self-directed gold IRA can maintain the right to any tax benefits associated with the account type.

New Direction IRA has strengthened its support of and commitment to precious metals investors with the formation of its Precious Metals Asset Team (PMAT). The team includes specialists in gold IRA or silver IRA investments options, who are able to guide you through the entire process and can help make self-directed investing in alternative assets an easy and pleasant experience. To reach the PMAT team, please dial (877) 742-1270, ext.185.

Ways to Purchase Precious Metals with Your IRA

Physical Metals: In this scenario, the IRA purchases coins, bars, and/or rounds from a precious metals dealer of their choice. The IRA owner works through a precious metals dealer to purchase eligible metals, some of which may have better appreciation potential. The physical metal is then stored at a depository in the name of the IRA until such time as the IRA holder decides to sell, distribute, or exchange the assets.

Fractional Ownership of Physical Metals: In this scenario, the IRA purchases a fractional ownership of physical bullion that is held in an allocated vaulting account. Often, vendors that offer this asset provide an online marketplace that allows the IRA to buy, sell, or trade their metals. Marketplaces vary in their offerings, but tend to allow more speed and flexibility than the physical scenario above.

Paper/ETF (exchange-traded fund): ETFs are shares in a fund or trust representing an ownership interest in gold bullion, where shares are held in paper form and shareholders have no rights of redemption. Owning an ETF is clearly not the same as owning physical gold. This scenario is typically utilized by equity traders, institutional investors and hedge funds.

Self-Directed IRA Educational Videos

Introduction to Precious Metals Investing Webinar

Learn how investing in precious metals such as gold, silver, platinum and palladium with a self directed IRA/401(k) can be part of a sound plan to diversify your retirement portfolio. Self-directed IRA gold is a viable investment option which has become increasingly popular among those who are seeking alternate investment opportunities outside the stock market. It is also a much quicker and easier process than many IRA holders realize. This brief 30-minute presentation will discuss IRS rules for gold IRA investments, eligible metals and coins, as well as the basic steps on how to open, fund and invest in a precious metals retirement account with New Direction IRA.

Watch Webinar Now  

More About Precious Metals IRAs

Step-By-Step Guide to Acquire Precious Metals in Your IRA

Step 1 Open and fund your IRA – It takes New Direction IRA one to two business days to open your account once your application is in the office. You will then fund the account with a rollover (such as a gold IRA rollover), transfer, and/or contribution. This may take several weeks, depending on your current custodian, so plan for that in your timetable.
Step 2 Choose a dealer and depository - A gold IRA is allowed to purchase metals from any non-disqualified person or entity.
Step 3 Fill out a Buy Direction Letter and Depository Election Form, then submit it to New Direction.
Step 4 Agree on a purchase with the dealer. Dealer will send an invoice to New Direction.
Step 5 NDIRA pays the dealer from the IRA funds. New Direction sets up an account at the depository in the name of the precious metals IRA. Metals are shipped by the dealer to the depository.

Gold IRA Rules - Important Things to Know

  • The IRA is the owner of the precious metals, not the IRA holder. Therefore the purchase, shipping, and depository costs are paid by the IRA. All gains remain in the possession of the IRA until the client reaches age of distribution.
  • All legal documents related to an IRA-owned asset must be in the name of the IRA, not your personal name.
  • The IRS does not allow the IRA holder to possess the physical metals while those assets are in the IRA.
  • The metals must meet certain fineness standards, as specified by the IRS, to be held in a retirement account.
An image of gold and silver

Popular Bullion Products Allowed in an IRA

Gold - 99.5%

  • American Eagle coins
  • American Buffalo coins
  • Austrian Philharmonic coins
  • Britannia Bullion coins (2013 or newer)
  • Canadian Maple Leaf coins
  • Gold Kilo bars

IRA Silver - 99.9%

  • American Eagle coins
  • Australian Kookaburra coins
  • Austrian Philharmonic coins
  • Britannia Bullion coins (2013 or newer)
  • Canadian Maple Leaf coins
  • 1,000 oz. Silver bars

Platinum - 99.95%

  • American Eagle coins
  • Australian Koala coins
  • Canadian Maple Leaf coins
  • Isle of Man Noble coins

Palladium - 99.95%

  • Bars and rounds meeting minimum fineness requirements
NOTE: Gold American Eagles are permissible even though they do not meet the fineness requirement.

Due Diligence for Precious Metals IRAs

It is the IRA holder's responsibility to perform due diligence. New Direction IRA will work with any metals dealer and depository the IRA holder chooses. As part of their due diligence, the IRA holder researches potential dealers and depositories and chooses the option with which he or she feels most comfortable.

In selecting a dealer, an IRA holder might consider factors like price, fees, and delivery time. When choosing a depository, criteria like location, insurance, security procedures, segregated vs. non-segregated storage, and price might come into play. Please note that dealer and depository fees are separate from New Direction fees.