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Self Directed IRA Investments - Gold IRA or Silver IRA

silver IRA

The IRS allows an IRA, Individual 401(k), HSA, or ESA to acquire certain precious metals as an asset while keeping the tax benefits associated with that account type.

Acquiring assets, such as silver, platinum, palladium or gold in an IRA is one way to diversify your retirement portfolio. Many people have 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.

An IRA holder must choose a dealer/broker and a depository in order to acquire physical precious metals in his or her IRA. There are dealers and depositories all over the U.S. and the world, and each has its own business practices, pricing structures and paperwork. An IRA can purchase precious metals from any non-disqualified person (learn more) or entity. The depository is a secure facility where the metals are held in the name of the IRA.

The IRS requires an authorized IRA provider for all IRAs. Not all IRA providers handle precious metals, but New Direction IRA does. 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 paperwork substantiates that the asset is part of your IRA and, thus, deserves the tax benefits associated with the account type.

New Direction IRA (NDIRA) has recently strengthened its support of and commitment to precious metals investors with the formation of its new Precious Metals Asset Team (PMAT). The new team includes specialists in precious metals assets, IRA accounting and business-to-business relationships, and benefits clients by streamlining the metals acquisition process.  To reach the PMAT team, dial (877)742-1270, ext.185.

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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.  Then you will fund the account with a rollover, transfer, and/or contribution.  This may take several weeks, so plan for that in your timetable.

Step 2 – Choose a dealer and depository - The 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 NDIRA.

Step 4 – Agree on a purchase with the dealer. Dealer will send an invoice to NDIRA.

Step 5 - NDIRA pays the dealer from the IRA funds. NDIRA sets up an account at the depository in the name of the IRA. Metals are shipped by the dealer to the depository.

Have a Question?
Call 877-742-1270 ext. 185
or email: pmat@ndira.com
  • The IRA is the owner of the precious metals, not the IRA holder. Therefore, purchase, shipping and depository costs are paid by the IRA and all gains go back to the IRA.
  • 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.
gold in IRA

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Gold - .995%

  • American Eagle coins
  • American Buffalo coins
  • Australian Kangaroo/Nugget coins
  • Austrian Philharmonic coins
  • Canadian Maple Leaf coins

Silver - .999%

  • American Eagle coins
  • Australian Kookaburra coins
  • Austrian Philharmonic coins
  • Canadian Maple Leaf coins
  • Mexican Libertad coins

Platinum - .9995%

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

Palladium - .9995%

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

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, price and more might come into play. Note that dealer and depository fees are separate from NDIRA fees.

Self Directed IRA educational videos - Precious Metals in IRA

Gold IRAs – Introduction to Precious Metal Investing

This FREE online seminar discusses investing in gold, silver, platinum and palladium through an IRA/401(k). Take 30 minutes and learn how you can secure your retirement plan wealth by diversifying with precious metals. Will your retirement funds be safeguarded from inflation? Financial professionals across the globe all agree that asset diversification is the key to success. To reduce the risks of investing, many professionals suggest the purchase of precious metals to diversify investments among different securities or asset classes.

Learn about New Direction IRA Precious Metals Fees

Self Directed IRA educational videos and webinars.

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