Precious Metals IRA
Diversify your retirement portfolio with physical precious metals held in a tax-advantaged IRA account.
IRA Overview
What is a Precious Metals IRA?
A Precious Metals IRA (Individual Retirement Account) allows you to hold physical gold, silver, platinum, and palladium within a tax-advantaged retirement account. Unlike traditional IRAs that hold stocks, bonds, or mutual funds, a precious metals IRA holds tangible assets that have historically maintained their value over time.
Benefits of a Precious Metals IRA
- Diversification: Reduce portfolio risk by adding tangible assets
- Inflation Protection: Precious metals historically hedge against inflation
- Tax Advantages: Same tax benefits as traditional IRAs
- Tangible Assets: Own physical metals, not paper certificates
- Portfolio Stability: Metals often move inversely to stock markets
Eligible Metals
Only certain precious metals meet IRS requirements for IRA inclusion:
- Gold: Must be 99.5% pure (24 karat)
- Silver: Must be 99.9% pure
- Platinum: Must be 99.95% pure
- Palladium: Must be 99.95% pure
HOW IS A PRECIOUS METALS IRA WORKS
Protecting Retirement with Tangible Wealth
A precious metals IRA allows you to diversify your retirement saving by holding physical gold and silver inside a self-directed IRA. Unlike traditional paper-based assets, precious metals offer a tangible store of value that has stood the test of time. At Novara Gold, we make the process simple, transparent, and tailored to your needs.
STEP 1: OPEN A SELF-DIRECTED IRA
You will begin by establishing a self-directed IRA through one of our trusted custodian partners. Unlike standard retirement accounts, self-directed IRA allows you to hold physical assets, including IRS-approved gold and silver coins and bars. Our account set up process is simple and you will usually have an account number within 48 hours if all proper documents are submitted. Our back office will handle everything for our clients, so you can be rest assured that everything will be done correctly.
STEP 2: FUND YOUR ACCOUNT
Your new IRA can be funded in several ways.
Rollover: Move funds from an existing IRA, 401(K), 403(b), or similar accounts.
Transfer: Directly transfer funds from another IRA without triggering taxes.
New Contribution: Make a standard annual contribution
Our specialists guide you through every option to ensure a smooth, compliant process.
STEP 3: SELECT YOUR METALS
Once your account is funded, you will be able to set up a full in-depth consultation with one of our specialists and choose from a variety of IRS-approved precious metals. At Novara Gold we focus on metals that provide the best value and security for your retirement.
STEP 4: SECURE STORAGE IN IRS-APPROVED DEPOSITORIES
Your metals are shipped directly to an IRS-Approved depository of your choosing for secure storage. These vaults are insured and audited, ensuring your investment is fully protected. You will receive regular account statements and 24/7 visibility of your holdings through your custodian.
STEP 5: MANAGE, GROW, AND WITHDRAW
As with any IRA, your account grows tax-deferred (or tax-free if in a Roth IRA). When the time comes, you can choose to:
Sell Metals within the account for cash distribution, or
Take Physical Delivery of your metals as part of your retirement distribution.
Which ever step you find yourself you will always have a team of specialists at Novara Gold helping you chose which is best for your specific needs and goals, because a Precious Metals IRA in more than just an account- it's peace of mind. At Novara Gold, we handle the details, so you can focus on building a retirement that's both stable and enduring.
Rollover & Transfer Guide
Detailed Rollover Information
As outlined in Step 2 of our process, you can fund your precious metals IRA through several methods. Here's detailed information about each option:
Rollover from Existing Retirement Accounts
Move funds from your existing retirement accounts without tax consequences. This is the most common way to fund a precious metals IRA.
- Traditional IRAs
- Roth IRAs
- 401(k) plans
- 403(b) plans
- 457 plans
- Thrift Savings Plans (TSP)
- Pension plans
Fees & Minimums
Account Fees & Costs
Account Setup Fee
$50 - One-time fee for establishing your precious metals IRA
Annual Maintenance Fee
$90 - Annual fee for account administration and record-keeping
Storage Fees
Commingled: $100 annually
Segregated: Varies by depository
All fees and minimums are subject to change and may vary depending on your chosen custodian and depository. Please contact us for current pricing information.
Minimum Investment Requirements
- Initial Investment: $50,000 minimum
Fee Transparency
All fees are clearly disclosed upfront with no hidden charges. We believe in transparent pricing so you can make informed decisions about your retirement savings.
Custodian & Depositories
Approved Custodian
We work with an IRS-approved custodian who specializes in precious metals IRAs:
Our custodian is:
- Fully licensed and regulated
- Experienced in precious metals IRAs
- Committed to excellent customer service
- Transparent with fees and processes
Secure Depositories
Your precious metals are stored in highly secure, insured depositories that meet strict IRS requirements.
Storage Features
- 24/7 security monitoring
- Full insurance coverage
- Regular audits and inspections
- Segregated storage options
- Online account access
Your Rights
As an IRA holder, you have the right to:
- Inspect your metals at the depository
- Request audits of your holdings
- Receive regular account statements
- Choose your preferred depository
Frequently Asked Questions
Can I take physical possession of my precious metals?
No, precious metals in an IRA must be held by a qualified custodian or depository. Taking physical possession would result in a distribution and potential tax penalties.
What happens to my metals when I reach retirement age?
At age 59½, you can take distributions from your IRA. You can choose to receive the metals directly or sell them for cash. At 72½ or older, requirement of distributions may also be taken out from this account.
Are there penalties for early withdrawal?
Yes, withdrawing from your IRA before age 59½ typically results in a 10% early withdrawal penalty plus applicable taxes, unless you qualify for an exception.
Can I add to my precious metals IRA over time?
Yes, you can make annual contributions up to the IRS limits ($7,000 for 2024, or $8,000 if you're 50 or older).
What if I want to sell some of my metals?
You can sell metals within your IRA without tax consequences. The proceeds remain in your IRA and can be used to purchase other investments or held as cash.
How do I know my metals are secure?
All depositories we work with are fully insured, regularly audited, and meet strict security standards. You can request audits and inspections of your holdings.
Ready to Start Your Precious Metals IRA?
Contact our IRA specialists to begin the process of diversifying your retirement portfolio with precious metals.