ADD GOLD & SILVER TO YOUR IRA
Did you know certain proof and bullion coins like gold and silver proof American Eagles can be held in your Individual Retirement Account (IRA)? One way to diversify a financial portfolio is with a physical asset like gold and silver coins. You can read more about how to add gold and silver to a new or existing IRA below.
DOWNLOAD PRECIOUS METALS IRA FORMS
Download Goldstar Trust Company's IRA forms here. You can obtain forms for other IRA custodians directly from the custodian.
HOW TO ADD GOLD OR SILVER TO YOUR IRA
Many Goldline clients choose to include precious metals like gold and silver as part of their retirement planning.* If you wish to include gold within your Individual Retirement Account (IRA), Goldline can assist you.
Once you have made the decision to include precious metals in your IRA, you will choose an appropriate IRA custodian. Goldline can suggest a third-party custodian if you desire. (You'll find a link to a brochure from one such independent custodian at the bottom of this page.) After the IRA custodian receives the proper paperwork and funds, you decide which precious metals to include in your IRA. Our Account Executives are available to help you throughout the process.
When you are ready to take distributions from your IRA, Goldline can assist you in converting your precious gold and silver metals to cash or arranging for delivery of your gold coins.
COINS THAT CAN BE HELD IN AN IRA
The United States government currently allows certain bullion and proof coins such as gold and silver American Eagles to be held in IRAs.* Gold proof coins are special collector versions of the mass-produced bullion coins.
Proof coins undergo a specialized minting process that uses select dies. Lustrous coin blanks are fed manually into the presses where they are struck multiple times to ensure softly frosted, detailed coin images raised above a mirror-like background. Mint inspectors review each proof coin before deeming it a proof and place it in a protective plastic case. Proof American Eagles come in satin-lined velvet presentation cases with official U.S. Mint Certificates of Authenticity.
Proof coins typically have a limited mintage and their prices are determined by multiple factors including: mintage, rarity, condition, age, the price of the particular metal and demand for gold and other precious metals. The United States government issues a limited number precious metals proof coins each year. Due to their collectible/numismatic significance, proof coins typically carry a premium over their melt value (i.e., the value of a coin based upon the precious metal content multiplied by the spot price of the metal) and are more expensive than bullion coins.
Bullion coins can be thought of as common coins. Their values are dependent upon and tied closely to the spot price of gold, silver, or platinum.
If you are considering buying and including gold and silver in your IRA or would like to request a physical copy of the Goldstar Trust IRA brochure, call Goldline today at 1-800-963-9798. Our Account Executives are available throughout the business day to assist you with buying gold.
*Federal IRA tax laws are complex and may change from year to year. As with any investment, you should consult your tax advisor before making a decision regarding gold IRA investments.