Physical Gold in IRA

Last Updated on March 17, 2024 by Ben

If you have been tuning in to the economic news recently, you probably heard how inflation significantly affects different businesses and individuals. What if there is a way to hedge against them while protecting your hard-earned money?

Look no further than investing in bars or coins of physical gold in IRA. Read this comprehensive blog to add them to your portfolio effectively.

Top 5 Gold IRA Companies Review

One of the most famous financial crises, The 2008 Great Recession, made the world invest in precious metals and individual retirement accounts. Since then, many gold IRA firms have thrived until today.

However, finding the perfect custodian for one’s retirement savings can be daunting since there are many options in the market. If you’re looking for a company to start, the following section is for you.

Drawing from our experience, the top five gold IRA companies offering physical gold, silver, and other precious metals are as follows:

Augusta Precious Metals: Editor’s Choice – Great Gold IRA Company Overall (4.9/5)

Star Rating

Augusta Precious Metals offer its loyal customers exclusive access to gold and silver professionals. They have a Harvard-trained economic analyst who leads the company’s metal educators available anytime for your queries.

Despite imposing one of the highest minimum investment fees, Augusta Precious Metals guarantees that their clients get more than they paid. This includes providing lifetime support to their client’s investment accounts.

For instance, Augusta customers are eligible for a one-on-one meeting with a representative to improve their understanding of their chosen investments. This IRS-approved custodian also offers Roth IRA and a traditional IRA.

On top of that, this company caters to all kinds of investors. Based on our observation, talking with an Augusta representative was not intimidating, which is excellent for beginners. They provide clients with transparent fees, ensuring no hidden tricks or charges as you open your gold IRA account.


  • Has a transparent price structure
  • Offers reasonable prices on gold and silver commodities
  • Has a wide selection of silver and gold in their catalog
  • With an A+ rating from BBB
  • Empowers customers with their investment choices


  • Limited options on palladium and platinum
  • The base investment fee is costly

Goldco: Great Buyback Program (4.6/5)

Star Rating

Goldco Precious Metals takes pride in providing its clients with investment education. Goldco clients are eligible for library access, including guides, webinars, e-books, and blogs regarding precious metals IRA and other relevant investment options.

This custodian also has an excellent online presence. Unlike other IRA providers, Goldco’s website has real-time monitoring of prices, providing much more accurate market analysis for investors. Additionally, it is in an easy-to-understand format that is perfect for newbies.

Based on our experience, Goldco has top-notch customer service. Their representatives guarantee to process all investment transactions in a satisfactory mode. If you want to check their services, contact them because they are not accessible for general public viewing.

Check out this pros and cons list to discover if Goldco matches your investing goals perfectly.


  • Stellar customer service than competitors
  • Swift order transaction times
  • Provides various educational materials for customers
  • Rated A+ from BBB and other reputable online reviewers


  • Needs more transparent with their fees and costs
  • High initial investment fees

American Hartford Gold: Great Price (4.5/5)

Star Rating

AHG or American Hartford Gold pledges to deliver reasonable transaction prices, competitive product fees, and valuable services and features. Not only that, but they also highly prioritize their clients.

Most reviews obtained by American Hartford Gold (AHG) revolve around a practical and professional way of helping with their client’s transactions. AHG representatives are all equally acquainted with what the gold IRA dealer offers.

After trying out their customer assistance feature, a representative quickly responded to our concern. Their hotline is unrestricted for the whole day — regardless of where you are or what time it is in your area.

Our analysis of this product revealed that despite their 24/7 customer accommodation, some clients say they encountered slow transaction times. An AHG order can sometimes take three to five business days before successful trade proceeds.

Check out American Hartford Gold’s pros and cons below to see if they fit your criteria in choosing a gold IRA custodian.


  • 24/7 customer accommodation and hotline availability
  • Offers one of the lowers initial investment fees
  • Provides valuable materials to clients
  • Helps clients with having informed precious metal investment decisions


  • Slow transaction orders
  • Unavailability of prices on their online catalog
  • Only ships within the United States territory

Birch Gold Group: Great Staff Overall (4.2/5)

Star Rating

Birch Gold Group is another IRA approved custodian excelling in price transparency. They provide long-time and potential clients with a list of transaction costs, including administrative and other related fees. This helps investors prepare their wallets for what is yet to come.

You may enjoy their flat-rate structure feature if you are a Birch Gold Group investor that frequently orders precious metals. This is beneficial if you want to minimize your spending.

We have found that this option may be a burden if you are an investor who rarely orders or only buys in smaller amounts. Keep in mind that the flat-rate option still includes shipping, transaction, storage, and maintenance fees.


  • Flat-rate pricing is suitable for frequent and bulk buyers
  • Offers palladium and platinum options
  • With easily accessible details on products and services
  • Partners with various IRS-approved depositories


  • Longer waiting time for clearing transactions
  • A flat-rate structure is not suitable for infrequent traders

How Do I Convert My IRA To Physical Gold?

As per our expertise, converting an individual retirement account to physical gold is a beneficial way to diversify a financial portfolio. It also safeguards an investor’s retirement savings against the stock market’s volatility. The best practice to achieve this is to partner with a reliable gold IRA company offering such services.

The first stage in converting a 401(k) into a gold IRA is choosing an experienced and reputable custodian. Always ensure they operate with excellent products and services within the precious metals industry. Further, find one that delivers reliable customer service assistance.

Aside from that, take your time in investigating IRA companies. There are physical gold IRA custodians that provide buyback programs. You may take advantage of this program as it allows investors to sell gold assets directly instead of finding a buyer on an open market.

After finding a custodian, they will require you to fill out documents by providing the necessary information. You may ask your custodian if they offer an option to mail the paper forms instead of applying online.

Through our practical knowledge, buying gold assets for individual retirement accounts is also pretty straightforward. However, working with a trusted gold IRA dealer is brilliant if you want to ensure you will not get penalized.

Once settled, investors can already proceed in purchasing their precious metal commodities. The good thing is most gold IRA firms give out educational tools to clients to help them invest effectively in physical precious metals.

The custodian will transfer or rollover funds to your new gold IRA dealer to purchase your selected rare metal assets. You can sell the gold or silver bars and coins in your IRA or preserve them for personal use.

Can You Have Physical Gold In An IRA?

Yes. You may purchase physical gold in your self-directed IRA. Aside from gold bullion, you can hold silver, platinum, and palladium in your accounts.

Physical gold also delivers extensive financial security, as cyber lawbreakers cannot compromise or steal precious metals if stored in a depository.

However, bear in mind that the IRS has strict regulations regarding ownership of physical precious metals within an IRA. Obeying the rules allows investors to avoid tax penalties, maximize the benefits, and reap other advantages.

Here are some of the rules you need to observe before purchasing physical precious metal commodities:

  • Gold assets must have 99.5% purity
  • Nationally-accredited companies should produce precious metals
  • Physical gold must be in complete and original packaging with a certificate of authenticity
  • Gold coins must be damage-free and uncirculated
  • Gold bars should be in an exact weight
  • All approved precious metals must be national government mint

Another thing to consider is you should not hold your precious metals in your possession, like storing them in your house. It does not matter if you are the rightful owner. An IRS-approved depository should keep all physical gold off-site.

Benefits Of Having Physical Gold In An IRA

You may check the historical data to see how rare metals, especially gold, have ascended their worth through the years. They still thrive even with constant economic downturns.

With this in mind, gold assets are the obvious choice if one wants to have a more diversified portfolio without thinking of losing up to zero balance.

Here are some of the advantages of owning gold in a traditional gold IRA:

Portfolio Diversification

We all want our hard-earned money to appreciate over time. As an investor, you should know that putting all your investments in a single basket can be risky. To reduce the risk of loss, diversify your assets and spread them evenly.

Unlike the usual paper assets, owning physical gold in your retirement portfolio is ideal if you want additional wealth protection. After all, gold values do not directly relate to the stock market.

Hedge Against Deflation and Inflation

Both phenomena can erode your investments, especially when dealing with traditional ones. With precious metals added to the mix, your retirement portfolio will be immune from various market circumstances.

For instance, when the dollar currency declines, your purchasing power does the same. However, physical gold assets can protect you against potential losses like this.

Profit Opportunity and Growth Appreciation

If you do not want to take our word for this, research the historical data on gold investments. Our findings show that in 2000, the value of this precious metal was about 200 USD an ounce. It rose to 1,2000 USD per ounce in 2007. In just seven years, you can see a significant increase in the return on investment.

Should You Buy Physical Gold?

Precious metals like gold are one of the top favored choices for retirement investors seeking to spread assets in their portfolios effectively. You may purchase physical gold or exchange-traded funds to add to your self-directed gold IRA.

Buying gold and silver bullion coins comes at a hefty price. You must pay for dealer commissions, storage and insurance fees, sales tax if necessary, and safety precautions to avoid fraudulent acts like theft. Although pricey, gold acquisitions are valuable assets if you wish to provide your heirs with safer investments.

In some cases, precious metals investors opt to save physical gold in IRA. However, most financial and wealth experts recommend clients venture into gold ETFs or stocks instead. This investment is more stable and can provide ease of liquidation.

On the other hand, physical possessions of gold provide satisfaction for collectors. Some investors see collecting rare metals as a rewarding hobby. They also use their rare bars and coins to store their funds.

On top of these, the most significant advantage of investing in them is how their value does not fluctuate or depreciate as much as traditional paper assets, like bonds, stocks, and some currencies. Their longevity ensures an investor’s purchasing ability remains unruffled for years.

However, keep in mind that gold’s value can still vary over time, making it extremely tough to find buyers for an expensive offer. This is why precious metals holders sometimes settle at lower prices when taking out distribution from their individual retirement accounts.

What Is An IRA Backed By Physical Gold?

Gold is an attractive investment choice for people seeking to diversify their retirement portfolios against deflation and inflation. It also shields against its potential value rise during stock market volatility.

An IRA backed by physical gold assets differs from a traditional IRA as they only pay taxes on the interest after withdrawing funds from the account. Gold IRAs sometimes charge a much higher maintenance fee than other retirement accounts.

The costs included in gold IRA accounts are account setup fees, brokerage partnership, insurance coverage, and cash-out fees. Some dealers may also add extra on sales costs and account closures.

We discovered that people always seek reasonable, transparent price offers when searching for gold IRA providers. Our best advice is to go for a company that partners with various third-party depositories. Aside from the fact that they will secure your acquisitions, you may also pay a lower price.

Final Thoughts – Physical Gold In IRA

With enough data gathering and research, adding physical gold to your individual retirement account can be your best shield against market flux. However, to enjoy its maximum benefits and reduce penalties, you must be partners with a reputable gold IRA custodian.

It is overwhelming to plan for retirement, especially if you are still figuring out where to begin. Our research indicates that if you want a company to assist you with your retirement plan successfully, you should check out Augusta Precious Metals.

Augusta Precious Metals is among the top IRS-approved custodians that have a team skilled to help you with all your investment queries securely and safely. When we tried this company, we saw that they operate without hidden agendas aside from providing clients with hassle-free transactions.

Scroll to Top