Investing in precious metals can be a useful way to diversify your portfolio and protect against extreme events. However, for long-term investors, the tax treatment of physical precious metals is not always ideal. Luckily, there’s an easy way to get the diversification benefits of precious metal investment, while enjoying the tax perks of an IRA account!
Disclaimer: The page below is for informational purposes only and should not be considered investment or tax advice. You should speak to a qualified tax professional before making any major decisions about new IRA accounts.
Introducing the Precious Metal Self-Directed IRA Program
Bellevue Rare Coins is proud to offer our clients a very valuable service: access to a self-directed IRA program designed specifically for precious metal investment.
This program allows you to buy and hold physical precious metals in a tax-advantaged retirement account. Here are the basics:
Provides the same tax benefits of a standard IRA (or a Roth IRA, depending on your selection)
Allows you to hold physical precious metals in a secure storage facility with the tax benefits of an IRA
Invest in physical gold, silver and platinum bullion in a tax-advantaged account
Deposits may be tax deductible, depending on your income level and choice of Roth/Traditional account
Enjoy tax-deferred growth until retirement
Withdrawals can be made in cash, or in physical bullion
Select bullion products are eligible, including American Silver Eagles, American Gold Eagles, American Platinum Eagles, and select other bullion products
The IRA account can also hold other assets, including equities, bonds and more
Essentially, this account functions similarly to a standard IRA account – with the main difference being in its ability to hold physical precious metals. You will have your own choice of investment options, and you won’t need to worry about safely storing your investments, as all bullion is held at a secure precious metal vault! You’ll be able toinvest in physical gold, silver, and platinum bullion.
If you want to invest in precious metals as part of your retirement plan, the Precious Metal Self-Directed IRA program is an excellent option!
How it Works
Here’s how the precious metal IRA program works:
Establish your account and choose between traditional IRA or Roth IRA option
Fund the account with new money (minimum to open an account is $5,000)
You can also roll over an existing IRA product
Choose Bellevue Rare Coins as your precious metal dealer
Provide investment instructions to GoldStar, the custodian of your IRA
GoldStar will purchase physical precious metals on your behalf, based on your instructions
Your investments will be safely stored in a precious metal depository
You can continue to make contributions to the account every year (subject to yearly limits)
You will receive an annual statement with the fair market value of your account
When the time comes for withdrawals, you can choose to take possession of your physical metals, or have the custodian sell them and withdraw cash
Your precious metal IRA will enjoy all the benefits of a normal IRA, including preferential tax treatment
The IRA is administered by GoldStar, our custodian partner. However, Bellevue Rare Coins staff members are happy to answer any questions you have about the Precious Metal IRA program! Contact us today to discuss your options.