Frequently Asked Questions

Why should I invest in gold or other precious metals?

Investing in gold, silver, platinum, and palladium offer investors a way to diversify their investment portfolio. Unlike the volatile stock market, precious metals typically hold stable value. They are also in limited earthly supply, which give them rarity and thus highly sought.

Precious metals are commonly associated with jewelry, but the reality is that they are applied in different ways which keeps them in consistent high demand. This includes uses related to technological advancements, which has forecasted continued increase over the coming years.

Investing a portion of money in gold, silver, platinum, or palladium will allow you to diversify your portfolio. This is highly advisable to protect you against a sudden correction in the stock market. If all of your assets are held in the stock market and the stock market crashes during your retirement years, you could face a lot of financial stress or hardship. However, if some of your assets are held in precious metals, you will be less adversely affected.

Precious metals are also very easy to liquidate with good timing. Since they are in such high demand, you should have no trouble finding a buyer. This is not typically the case with real estate or some other investment alternatives.

Please read more in Top 5 Gold Investment companies or use our Financial Blog posts for some guidance.

When is the best time to buy gold?

It goes without saying that you want to purchase gold at the lowest price possible. While this isn't usually simple, there are a few signs that can help you know if it is a good time to invest in gold. Typically, the price of gold rises as the stock market falls. If you can purchase gold before the stock market is expected to take a big drop, history has shown this to be a good strategy.

Learning how to check on the stock market futures could help you predict when you should purchase gold. Hearing that a reserve bank is going to begin printing more currency is generally a strong indicator that the price of gold will increase since the value of gold goes up as the value of the national currency diminishes.

The website at Birch Gold Group offers some good insight into timing a trade.

What is a Gold IRA?

A gold IRA is one type of Self-Directed IRA, or Individual Retirement Account. Gold IRAs allow individuals to invest in gold, silver, platinum, or palladium in and Individual Retirement account rather than traditional stocks or bonds. Gold IRAs offer the same tax benefits of other types of retirement accounts, but may be subject to higher management and storage fees.

The advantage of choosing to set up a Gold IRA is that you'll be able to diversify your portfolio by holding some precious metals instead of all stocks and bonds. Most instances allow you to roll over an existing IRA into a Gold IRA.

Learn more in the Beginners Guide to Gold IRA Investing.

What percentage of my portfolio should I hold in gold?

The right percentage of a portfolio to dedicate to gold investments depend heavily on the individual. Consider your risk level with different types of investments as well as your current age. If you are close to retiring, experts advise against making high risk investments. 

You could also modify the percentage of your portfolio held in gold by closely following the price of gold and the stock market. This requires more attention and results are not typical enough to make a recommendation.


Should all of my money be invested in gold?

No, all of your money should not be invested in gold. Gold should be used to diversify your portfolio to protect against sudden losses in other investment ventures. If all of your money was invested in gold, you could face similar problems to having all of your money invested in the stock market.

If the price of gold happens to decrease, your entire portfolio would decrease in value. If just a portion of your portfolio is invested in gold and the price of gold decreases, you will not lose all your leverage at once. This allows for some financial flexibility.

Augusta Precious Metals was the most transparent when asked this question.

Click Here to register for the Augusta Precious Metals Webinar

When will I be eligible for distributions from my Gold IRA?

At the age of 59 1/2, the sole beneficiary of a Precious Metals IRA may begin receiving penalty-free distributions from their account.

Anything before that will incur different costs.
Learn more on our Rules and Regulations Page.

How long does it take to roll over my IRA to a Gold IRA?

Typically around two weeks. Each application is unique and the exact amount of time it takes to roll over varies per individual requirements. Your experienced Precious Metals Account Executive will help organize and submit all of the necessary documents for your rollover, and can usually provide you with an estimate for how long your specific rollover will take. 

GOLDCO was the fastest out of all the companies we reviewed.

CLICK HERE to learn more 

Why do I need a custodian to administer the precious metals in my IRA?

With any individual retirement account, the IRA will require a custodian. This is stipulated by the IRS. The good news is that custodial charges are nominal and are often included in the fee structure.

Who is eligible for a Traditional Precious Metals IRA?

Anyone who is under the age of 70.5 and has earned income. You can choose to set up any type of precious metal IRA.

How do I earn interest with gold and silver?

Physical gold and silver do not produce interest or dividend payouts. Instead, buyers of precious metals coins and bars buy them for the value of the metal contents. Premium coins, because of their limited runs, scarcity and other collectable qualities, may be worth more than bullion products in some instances.

In what form can I receive distributions from gold?

You may receive distributions from your Precious Metals IRA in the form of physical gold, silver, platinum, or palladium, depending on which metals you've purchased. If you prefer to receive cash, most IRA specialists will help you convert your precious metals into cash.

Can I get rich buying gold?

Although gold has historically increased in price by leaps and bounds over some periods of time, you should not expect to get rich by purchasing gold. Most buyers of gold and silver use it as a balancing factor in their portfolios. Precious metals have historically risen in value during some periods when other assets have fallen in price, which means metals can provide diversification in your portfolio. Gold and silver should be held for longer terms to gain their balancing benefits. As with any asset, the price of gold and silver will go up and down – don’t let that scare you. Look to your metals’ long-term benefits as an asset with intrinsic value, unlike fiat currency. Gold and silver have never been worth zero. Before purchasing precious metals, be sure to consult with your personal legal, financial and tax professionals.

What are risks associated with buying precious metals?

As with any investment, buying precious metals carries certain risks and you should be aware of these before purchasing gold and silver from any IRA company. Please review their Risk Disclosures (click here to see a sample) to get a better understanding of some of the risks involved. To view the entire Augusta Transaction Agreement that you would need to sign if you become an Augusta customer, please click here. Always consult with your own legal, financial and tax professionals before purchasing precious metals.

Is it difficult to liquidate a gold IRA?

 It’s easy to arrange a full or partial distribution – in either metals or cash – from your gold IRA. Your specialist can withdraw the metals on your behalf and wire the cash to your custodian and they will transfer funds to you. You can request shipment of your metals directly to you through your custodian. You can coordinate with your custodian to pick up the metals at the storage facility for distribution. Remember, any early IRA distribution may result in taxes and penalties unless rolled over to another qualified account. Consult with your tax advisor before making any withdrawals from a gold IRA..

Can I roll over my current IRA, 401(k) or other retirement savings into a gold IRA?

Yes, you can roll over funds from your traditional IRA, Roth IRA, 401(k) or 403(b) to your gold and silver IRA. That’s commonly how gold IRAs are funded. Augusta provides you with all the information and assistance you’ll need to ensure the rollover process is smooth and worry-free.

Why do I need a custodian to administer the precious metals in my IRA?

Yes, with any individual retirement account, the IRA will require a custodian. This is stipulated by the IRS. The good news is that custodial charges are nominal and are often included in the fee structure.

Who is eligible for a Traditional Precious Metals IRA?

Anyone under the age of 70.5 and has earned income. You can choose to set up any form of precious metal IRA.

Can I take physical possession of my metals?

While your metals are owned by your IRA, they are securely stored in a depository. Once you are eligible to begin taking distributions at age 59 ½, you can choose to take your distributions either as a cash payment or in the form of precious metals

Do I have to pay taxes when I sell my gold and silver products?

Gains from the sale of an asset must be reported to the IRS and are subject to capital gains taxes. However, sales of assets inside of IRAs and other tax-advantaged accounts usually are not subject to capital gains taxes. However, withdrawal of assets from such accounts potentially can generate various other tax liabilities. Always direct any questions about tax consequences to your personal tax professional.

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