What is the Minimum Investment for a Precious Metal IRA?

The Delaware Depository is an IRS-approved deposit that specializes in IRA holdings of precious metals. This Los Angeles-based company offers people the opportunity to invest in gold and other valuable metals through a direct purchase or a retirement account. Precious metal IRAs may be a viable option for some investors concerned about inflation and market volatility. They can provide access to valuable tax benefits and the ability to store physical silver and gold at non-governmental sites across the country.

If you're looking to open a gold IRA or other precious metal IRAs, it's essential to turn to a reputable and reliable company to facilitate the process. Augusta Precious Metals, founded by Joe Montana, a Hall of Fame quarterback, and his team of financial advisors, is one of the top gold IRA companies. You can talk to your precious metals specialist at any time to review the performance of your precious metals or make changes to your account. These companies may even offer to ship your precious metals to their facilities for free if you purchased them directly. In addition, once you purchase precious metals in an IRA, they must be stored in an approved warehouse.

Beyond that, there may be expenses associated with transactions with precious metals, which may mean that homeowners take home less than the current spot price when they sell. If you're not sure what type of precious metal to buy in an IRA or have questions about the process, you may want to work with a company that offers potential repurchases. Physical precious metals are a self-directed investment and generally require a custodian who offers self-directed IRA investments. Depending on the storage facility you select, you can usually schedule an appointment to really see your precious metals. With a gold IRA, you can accept your RMDs “in kind”, meaning that physical precious metals are sent directly to you. Depending on your financial situation, most experts recommend that you invest no more than 5 to 10% of your retirement funds in precious metals.

Investing in a Precious Metal IRA can be a great way to diversify your retirement portfolio and protect yourself from market volatility.