Precious Metals IRA FAQs

Read more about our frequently asked questions.

1. Why diversify my portfolio with Precious Metals?

Precious metals are becoming more popular as an investment vehicle, since they are not linked to the stock market. Choosing to diversify your retirement portfolio with alternative assets can be a reliable hedge during periods of increased market volatility.

2. How do I find a precious metals investment for my self-directed IRA?

Finding a precious metals investment that is right for you is quite easy. You can speak to one of our specialists who will guide you step by step.

 CALL TOLL FREE: 855-959-2618

3. What is a Custodian?

Custodians are qualified administrators of IRA, as required by the IRS. Although self-directed account custodians do not provide investment advice, they do provide reporting and administrative services, and are able to purchase the precious metals on your behalf through your IRA account.

4. How do I begin the IRA process?

To begin, you need to open and fund a self-directed IRA account, which can be done through a paper application form, but most people prefer to use our simple online application.


5. Can I purchase physical gold or silver with my IRA?

Yes, you may purchase silver or gold coins, bullion bars and other precious metals that meet required standards with your IRA.

6. What requirements are there for metals in a retirement account?

Manufacturers accredited by specific entities are responsible for producing metals that can be held in a retirement account.

NYMEX/COMEX, LME, BMA, NYSE/LIFFE/ CBOT, and ISO-9000, or a national mint.

The minimum fineness requirement for bullion is:

  • Gold .995+
  • Silver .999+
  • Platinum .9995+
  • Palladium .9995+

7. Are precious metals easily liquidated?

An ongoing demand exists for precious metals, and you can exercise the option to sell your precious metals back to an authorized dealer, who will then return the cash to your IRA.

8. Are there any penalties for moving my IRA or 401(k)?

There are no penalties nor fees. An IRA rollover is a tax-free process if done according to IRS guidelines. Once you deposit all funds received from an IRA into your new IRA account within 60 days, they are not subject to penalty or taxation.

9. Can I keep my precious metals at home?

The IRS prohibits storing precious metals at home when held in an IRA. They mandate that physical assets owned by an IRA must be held by a qualified custodian and stored in an approved secure depository.

10. In what form may I receive distributions?

Distributions from your IRA may be received in the form of physical silver or gold, or whatever precious metals are in your account. You also have the choice to convert your precious metals into cash.

Prudential Metals Group dedicates itself to providing the education, guidance, and support that empower our clients to feel confident when adding the safe-haven assets of gold and silver to their investment strategies.