1. Same story, different day...........year ie more of the same fiat floods the world
    Dismiss Notice
  2. There are no markets
    Dismiss Notice
  3. Week of 6/24/2017 Closing prices & Chg Over Last Wk---- Gold $1256.40 Silver $16.64 Oil $43.01 USD $96.94
  4. "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"
    Dismiss Notice

IRA Certified Gold or Silver - What makes it so and why do I care?

Discussion in 'Purchasing Precious Metals' started by AGRO, Oct 1, 2017.



  1. AGRO

    AGRO Seeker Seeker

    Joined:
    Mar 31, 2010
    Messages:
    252
    Likes Received:
    145
    Trophy Points:
    43
    Occupation:
    Graphic Arts
    Location:
    New York
    I am really wondering why some bars I see like those ugly Apmx Stackers with their logo blasted all over it and their website (that drives me nuts! The last thing I want on ANY of my bullion is a damn advertisement.)

    In any case - I need to do some IRA restructuring and I have been stacking when possible.

    So:
    (This would be a private IRA not through a company)

    1. What makes a bar IRA certifiable?
    2. Can you still hold it or does it have to go to some odd escrow account?
    3. How does interest accrue on it? Considering the price fluctuates daily.
    4. Do I suffer the same penalties for withdrawing some metal as I do cash?

    5. Any answers to ANY questions are greatly appreciated. Or if you have actually placed PMs in an IRA I would love to hear how it works.!#}]]]]]]]]]]]]]]]]]]]]]]]]]
    Thank You!
    AGRO!
     
  2. 3glocks1stack

    3glocks1stack Seeker

    Joined:
    Mar 10, 2011
    Messages:
    127
    Likes Received:
    102
    Trophy Points:
    43
    Tag, also interested. Just guessing though and my bet would be the metals are not in your (or my) possession.
     
  3. AGRO

    AGRO Seeker Seeker

    Joined:
    Mar 31, 2010
    Messages:
    252
    Likes Received:
    145
    Trophy Points:
    43
    Occupation:
    Graphic Arts
    Location:
    New York
    Yeah - I would tend to agree - but then who holds them? We need an IRA metal depositor here!
    ASAP!
     
  4. 3glocks1stack

    3glocks1stack Seeker

    Joined:
    Mar 10, 2011
    Messages:
    127
    Likes Received:
    102
    Trophy Points:
    43
    APMEX has some info on their website.

    "Self-directed IRA (use retirement funds, metals held in a depository on your behalf" is what it says.

    Doubtful we'd even get a chance to look at it, let alone hold it. Sure would be nice to take advantage of the tax thing though. Would provide other benefits for me a well. I started a thread recently about "traditional retirement accounts" and there were some really funny responses in there and full of good advice. May have to do something else anyway as to not put all the eggs in one basket.
     
  5. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

    Joined:
    Apr 2, 2010
    Messages:
    13,679
    Likes Received:
    16,400
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    N/A
    Location:
    You can't get there from here.
    Some members here have self-directed IRAs in PMs. If you wait they should find there way into this thread.
    I believe there is a way to hold it yourself, but I think it is complicated.
     
  6. stAGgering

    stAGgering Silver Miner Seeker

    Joined:
    Apr 11, 2010
    Messages:
    680
    Likes Received:
    316
    Trophy Points:
    63

    Not particularly difficult with Roth IRA and willingness to pay penalty/taxes.
    Just before penalty was raised, my IRA balance went to zero, and my boat sank.
    It was a heavy day.
    Stay in the system, keep paying for the system.
     
    gringott likes this.

Share This Page