American Precious Metals
Precious Metals IRA
How A Precious Metals IRA Works
Have you ever thought about having your 401k or IRA retirement account backed by physical gold and silver? If so, you’ll want to see this short 3 minute introductory video that highlights the simple process of opening and funding your IRA with physical precious metals.
Opening a precious metals IRA (or rolling over an existing IRA to one that can purchase physical precious metals) is a fairly simple process. At American Precious Metals, we can help you get started opening an account and can handle the precious metals transaction for you when it is time to fund your account.
We have worked with several IRA companies and can recommend one for you, as well as send you the necessary paperwork to get started. For instance New Direction Trust Company. has helped countless APM, Inc. clients open their new precious metals IRA accounts.
1. Open an IRA account with a qualified Custodian
This means selecting an IRA company that handles Precious Metals IRAs. You will open a new IRA account that can be funded with physical precious metals.
Open Account Online – Click Here
2. Fund IRA with a Transfer, Rollover and/or Contribution
Once you have opened an account, you will need to roll your funds from your existing IRA or 401k into your new precious metals IRA account.
3. Choose a Metals Dealer
You select the precious metals dealer you would like to have funding your IRA with physical metal, such as American Precious Metals, Inc.
4. Choose a Secure Storage Facility (Depository)
Since taking possession of the metals is not allowed (IRS rules), the coins or bars you purchase will be sent to a highly secured, fully insured private depository. We highly recommend choosing to have your metals held in a segregated storage account and never comingled with other depositors’ coins or bars.
There are many options out there and we would be happy to provide a list of storage facilities. There is one in particular that has a long-standing history, is a family owned business and also a company with whom we have worked with for the last 30 years. CNT Depository Inc.
5. Decide Which Precious Metals to Purchase
There are four precious metals types allowed in your IRA: gold, silver, platinum and palladium. There are some restrictions regarding fineness requirements and allowable coin types, however, so your dealer can provide guidance in this area. Once the funds are available in your IRA account, you can call your chosen dealer to place your order.
Watching the introductory video above can answer many questions about what metals are allowed in the account.
5. Custodian Sends Funds to the Dealer
Once your metals order has been placed, the dealer sends an invoice to the IRA custodian and the custodian sends the funds to the dealer, usually by wire transfer.
6. Dealer Ships Precious Metals to Depository
Once the funds have cleared, the dealer will send the metals by a registered, fully insured delivery method to the depository, where they are held in your account until you decide you want to take a distribution from your IRA. Your IRA company will regularly send you a statement showing the precious metals being held in your account at the depository.
Please call us at 602-840-5500 or 800-522-GOLD for more information.
Our Location
13951 N Scottsdale Rd Suite 123
Scottsdale, AZ 85254
Hours: Mon-Fri 9:00am-4:00pm