Category Archives: Gold IRA Rules

Gold Backed IRA – What Are The Rules?

gold ira rules

There has been a lot of interest in investing in gold over the last decade, particularly as the stock market has become less stable. When you turn on any financial television channel, you will see that many companies are now offering gold backed IRA accounts, which have a reputation for making quite a lot of money. However, before you invest in a gold backed IRA, it is important that you fully understand the rules so that you can be a smart investor.

How Can You Own Gold In An IRA?

There is nothing new about owning gold in IRA, as it has been a source of stability for centuries all around the world. Physical gold can be rewarding to own, but it will not benefit you in terms of your tax liability. In order to protect your gold investments from short-term taxation, then you are going to need to work with a company that will buy and sell the gold for you and place it with the custodian so that it is protected from taxes.

Why Should I Put Gold In My IRA?

invest for retirement

One of the best reasons to own gold in your IRA is because it is the ideal hedge against high inflation and an unstable economy. Especially now that the stock market is as high as it is, it is important hedge against the potential dip in the market or burst in the bubble. The best way to do so is by investing in gold, and by putting it in your IRA, you will be able to protect the gains that you make from the tax man.

Of course, you may want to hold gold outside of your IRA, and there are many ways that you can do this. You can obviously purchase physical gold in the form of gold coins, gold jewelry, or gold bars and bullion, or you can trade gold ETF’s or mutual funds. The gains on these will obviously be taxable just like any other investment, but they are a very accessible way of using the power of gold to your advantage.

What Kind Of Gold Can Be Put In An IRA?

ira approved precious metals

The first thing that you should understand is that you cannot put jewelry or traditional gold coins into a gold backed IRA. These items can be held outside your IRA as a taxable investment, but in order to protect any gold investments in your IRA, it must be physical gold that is held by custodian in the form of US minted gold coins, and certain gold bullion. Well-known gold coins such as the South African Krugerrand are not eligible for tax-exempt status. For more information on IRS-approved precious metals, click here.

What Do You Do When It Is Time To Retire?


When you have put physical gold into your IRA account, you and your investment manager are going to need to do some complicated math in order to determine what your required minimum distribution will be and how to gain access to it. Unlike commodities or cash, gold will need to be sold in certain amounts, which may put you under or over your RMD. Therefore, there is more planning involved in selling IRA gold investments then there would be in simply selling stocks or mutual funds that you may have in the same account.

Therefore, setting up your gold and silver IRA with a company that can liquidate your precious metals according to the spot price is important. Check out Regal Assets, this is exactly what they do. They buy back your gold at spot price.

Where Can You Learn More About a Gold Backed IRA?

Since this is a fairly complicated transaction, it is worth talking to a professional before investing in gold, particularly if you are looking to protect your gains from taxation in the form of an IRA. Some brokerages will work hand-in-hand with a gold custodian, while you may find that working with a company that specifically deals with precious metals IRA this is an easier way to handle the entire process. They will help to ensure that you get the best price on the gold that you buy and that you are always in alignment with the current rules and regulations as they pertain to your IRA.

Where Can You Get The Best Advice?

Since this is no small investment, you may want to talk to a company like Regal Assets, which is a very well-known, reputable gold investment company. They can show you the many ways that you can invest in gold, including putting it in your IRA, and they can help to manage the entire process for you.

We have done an extensive review on Regal Assets. They have some very good professional specialists where they can help you with every step of the process.

For a limited time, Regal Assets will provide you with a free gold buyer’s kit, simply by providing your email address or phone number. This will give you additional information on knowing when the right time is to invest in gold and how to use the current market fluctuations to your advantage. If you have been looking for a safe and accessible way to put gold into your IRA, then they may be able to help you.

Optionally, you can also read our top 10 Gold IRA companies reviews here.