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, Inc., 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.
Have you ever thought about having your 401k or IRA retirement account backed by physical precious metals? 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.
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 A.P.M., Inc. clients open their new precious metals IRA accounts.
This means selecting an IRA company that will handle opening your new precious metals IRA account and filling out an application.
Open Account Online with New Direction Trust Co. – Click Here
Once you have selected an IRA company, you will work with one of their representatives to move your funds into your new IRA account.
One of the forms you will need to fill out along the way is typically called a Buy Direction Letter. This is where you list the dealer of record (precious metals dealer you have selected to fund your account with physical precious metals), such as American Precious Metals, Inc.
Since taking possession of the metals is not allowed, the coins or bars you purchase will be sent to a highly secured, fully insured private depository. We can make a recommendation there as well. For instance, CNT Depository Inc., the same company with whom we have partnered to offer Storage Services to our clients, is also a depository for precious metals IRAs. Your metals will be held in a segregated storage account and never comingled with other depositors’ coins or bars.
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 we can provide guidance in this area. Watching the introductory video above can answer many questions about what metals are allowed in the account.
Once the funds are available in your IRA account, call us to place your order.
Once your order has been placed with us, we send your invoice to the IRA company and they send the funds to us, usually by wire transfer.
Once the funds have cleared, we send the metals by registered, fully insured mail 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.
American Precious Metals, Inc. has dealt with the following large national custodians of self directed 401k / IRAs for numerous client precious metals IRAs. Please use the links and contact information below to get more information to see if this option is right for you.
New Direction IRA, Inc.
1070 W. Century Drive, Suite 101
Louisville, CO 80027
Toll Free: 877.742.1270
Please call us at 602-840-5500 or 800-522-GOLD for more information.