Convert IRA To Physical Platinum

Diversifying your retirement portfolio with physical platinum in a self-directed IRA helps safeguard savings against market fluctuations. It allows you to enjoy potential metal appreciation and traditional IRA tax benefits. Collaborate with a reputable precious metals firm to securely convert your IRA into physical platinum. Before committing to this investment strategy, consider all associated risks and implications.

Top Platinum IRA Companies At A Glance

  1. Augusta Precious Metals: Editor’s Choice – Great Gold IRA Company Overall (4.9/5)
  2. Red Rock Secured: Runner up – Best at Home Gold IRA (4.8/5)
  3. Goldco: Great Buyback Program (4.6/5)
  4. American Hartford Gold: Best Price for Bullion (4.5/5)
  5. Birch Gold Corporation: Great Staff Overall (4.2/5)

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


Augusta Precious Metals is a leader in providing physical gold and silver for IRA accounts. Founded in 2017, Augusta has quickly become the go-to source for individuals looking to diversify their investment portfolios with precious metals. After extensive research, Joe Montana and his financial team found Augusta, the best gold company in the United States.

Augusta Precious Metals offers several services, including cash purchases, precious metal IRAs, and converting existing IRAs to physical platinum. They also provide secure storage options through PCGS (Professional Coin Grading Service) approved depositories. Customers can purchase coins, bars, rounds, and other products from Augusta’s online store or by calling their toll-free number.

Augusta Precious Metals holds an A+ rating with the Better Business Bureau® due to its commitment to customer service and satisfaction. Reviews of Augusta on sites such as Consumer Affairs are overwhelmingly positive, with customers praising the company’s helpful staff and fast shipping times. On social media, they have over 2,600 followers on Facebook who regularly comment on posts about investing tips and advice.

Augusta Precious Metals is a reliable source for purchasing gold and silver products for retirement portfolios or other investments and converting IRAs to physical platinum. Affordable costs, secure storage alternatives, and outstanding customer service explain why many individuals have chosen them as their go-to precious metals dealer.

Pros & Cons


  • The BBB has approved it, and has a triple-A rating from BCA.
  • Establishing a precious metals self-directed IRA
  • straightforward procedure requires only three simple steps to complete.
  • Excellent assistance and services all the time.
  • There is no high fee that can be invested.
  • Deliver your precious metals to the approved repository as soon as possible; do so within ten days.
  • The customer service continues to be cordial and helpful even after the transaction.
  • There were no formal complaints made about them.
  • There are several five-star reviews and ratings on Trustpilot.
  • There is a live chat service available 24/7, 
  •  On their official website, twenty-four hours a day.


  • The entry hurdle is high at $50,000 for the minimum investment.
  • Online account opening is not possible.
  • A restricted supply of precious metals, such as gold bullion, is used to make natural assets.

#2. Red Rock Secured: Runner up – Best at Home Gold IRA (4.8/5)


Red Rock Secured is a family-owned company based in Southern California that protects retirement savings through education and investments. Founded in 2023, Red Rock Secured has become one of the most reliable names in gold and precious metals investing. The company offers online services to residents nationwide, allowing them to invest as part of their retirement plan; they invest in gold and other precious metals.

Red Rock Secured is committed to providing its clients with the highest customer service and support. They offer various services such as IRA rollovers, 401k transfers, gold IRA accounts, and even converting IRA to physical platinum. Their team of knowledgeable professionals is dedicated to assisting their clients in making informed investment decisions.

The business has established a track record for producing high-quality goods and services at competitive prices. In addition, they have received numerous awards from industry organizations for their commitment to excellence. Customers have praised Red Rock Secured for their knowledgeable staff, helpful customer service representatives, and excellent follow-up without being pushy or aggressive.

Pros & Cons


  • Most customers are not charged any fees for their precious metal IRA.
  • Every order is sent and insured for no additional cost.
  • A Price Protection Plan is available for purchases of qualifying gold and silver.
  • There is an available buyback program.
  • There is a 7-day cancellation period following the initial purchase.
  • You must contribute at least $10,000 to Red Rock Secured to start an IRA.


  • Online access to pricing data is not possible.
  • Information on Red Rock Secured price protection eligibility and no fees is unavailable online.
  • Online purchases are not possible. To complete a transaction, talk to a representative.

#3. Goldco: Great Buyback Program (4.6/5)


Goldco is one of the top-tier Precious Metals IRA companies in the United States. Founded in 2011, Goldco specializes in gold, silver, and platinum investments and offers customers a variety of options to protect their wealth and livelihood. With an A+ ranking from the Better Business Bureau and Triple-A rating from Business Consumer Alliance, Goldco is a trusted source for precious metals investments.

Goldco facilitates transferring funds from existing 401(k)s, IRAs, or other qualified retirement accounts into gold, silver, or physical platinum coins. The company also provides a comprehensive option of IRA-approved gold, silver, and platinum coins that can be used to diversify your portfolio and protection your wealth from market volatility.

Customers have praised Goldco for its excellent customer service, competitive prices, and quick delivery times. Many customers have reported feeling secure with their investments when working with Goldco due to the company’s dedication to providing outstanding products and services, including the option to convert IRAs into physical platinum.

Pros & Cons


  • Straightforward and aids with account creation.
  • The best ratings come from the BBB and BCA.
  • It’s a terrific company, according to Consumer Affairs Accredited.
  • Numerous 5-star ratings may be found on reputable websites.
  • On their website, you can have a chat with someone. 
  • Gold IRA providers with the lowest annual fees.
  • It provides complete transparency, allowing you to concentrate on your long-term objectives.
  • Because they minimize the cost of your investment, the company routinely runs campaigns with appealing fee refunds.
  • To obtain a free information package, register on the website.


  • Only online accounts can be created.
  • This company does not accept credit or debit cards as payment.
  • A minimum deposit of $25,000 is needed to open a retirement account, along with a $25,000 balance.

#4. American Hartford Gold: Best Price for Bullion (4.5/5)


American Hartford Gold is a reliable leader in the precious metals industry. Founded in 2023, they have quickly become one of the most reliable and reputable dealers in the United States. With an A+ ranking from the Better Business Bureau and thousands of satisfied customers, American Hartford Gold has become a leading provider of gold, silver, and platinum coins and bars.

The company offers various services to help customers diversify their investments in precious metals. They provide IRA-eligible investments that can be used to create a secure retirement fund. Additionally, they offer personalized advice on investing in precious metals so customers can make informed investment decisions.

One of their specialized services includes helping customers convert their existing IRAs into physical platinum and providing an alternative investment choice for those looking to diversify their retirement portfolios.

American Hartford Gold is devoted to delivering outstanding customer service and helping people take control of their financial future. Their team of professionals is available to respond to any inquiries about investing in precious metals. It could help you locate the best investment options for your needs, including converting your IRA to physical platinum.

Pros & Cons


  • The BBB gave it an exceptional rating.
  • The experts that specialize in buying silver and gold will get in touch with you right away.
  • They provide live chat choices every hour, every day of the week.
  • Advisors can assist you with creating a self-directed IRA.
  • Gold bars, coins, and other tangible gold goods are on offer.
  • When you buy bullions, they will transport them quickly and safely to your home or a safe deposit box.
  • Sign up for a free 25-page bullion, gold, and rollover IRA primer.
  • Each transaction includes a repurchase guarantee for the customer.
  • Excellent customer service.


  • The transactions must be finished in three to five business days.
  • It is not possible to export gold from the US.
  • No pricing information is provided on the website.

#5. Birch Gold Corporation: Great Staff Overall (4.2/5)


Birch Gold Corporation is a precious metals dealer specializing in gold, silver, and platinum. They provide an array of products, which include gold bars and rounds and the opportunity to open or transfer a Precious Metals IRA. The company was started in 2016 and had its head office in Burbank, California.

Birch Gold Group has earned an excellent reputation for customer service and knowledgeable staff. Individuals can reach them via phone, email, or their website with any questions about purchasing precious metals. Customers can find helpful information for investing in gold, silver, or platinum on their website.

Besides delivering premium goods and services, Birch Gold Group is committed to helping customers protect their investments by offering secure storage solutions. Their secure storage facilities are insured against theft or damage in the United States.

Furthermore, Birch Gold Group offers the option to convert IRAs into physical platinum, allowing customers to diversify their retirement savings and take advantage of the potential benefits of investing in this precious metal. This service caters to those wishing to include platinum in their investment portfolio, providing them with the necessary guidance and assistance.

Pros & Cons


  • It was rated triple-A by the BCA.
  • It is rated A+ by BBB.
  • Many different IRA options are available.
  • It is the most outstanding Gold IRA provider if you are a beginner.
  • There is no yearly fee for investments exceeding $50,000.
  • Provide you with assistance from gold authorities and financial gurus.
  • Along with gold and silver, other valuable metals include platinum and palladium.
  • On their website, you may easily register for their free informational guide.
  • Physical assets are delivered quickly and securely.
  • Multiple five-star pilot evaluations


  • You must confirm your account after supplying some essential personal data before investing.
  • There is no repurchase program.
  • It is not compatible with traditional IRAs.
  • It offers no assurances.

What is Platinum IRA Rollover

Platinum IRA rollovers let you invest in platinum and other precious metals. They operate similarly to conventional IRAs, but you can invest in authentic platinum coins and bars instead of equities or bonds. A Platinum IRA rollover allows you to diversify your retirement portfolio and shield your assets from market fluctuations.

Establishing a Platinum IRA rollover follows the same procedure as creating any other type of IRA. You must open an account with a self-directed IRA custodian who will manage fund transfers and account documentation. After setting up your account, you can invest in platinum coins or bars that comply with the Internal Revenue Service’s (IRS) purity requirements.

Regarding taxes, several factors should be considered when investing in a Platinum IRA rollover. 

The IRS authorizes tax-free distributions from an IRA if specific conditions are fulfilled. Moreover, any gains on investments held within the account remain untaxed until withdrawn.

In conclusion, a Platinum IRA rollover enables investors to diversify their retirement portfolios while safeguarding their investments against market volatility. Investing in actual platinum coins or bars lets investors enjoy the advantages of precious metal investing while benefiting from the tax-deferred growth opportunities offered by traditional IRAs.

Historic Performance of Platinum

During the early 1970s, the price of platinum fell while the price of gold rose. When the stock market crashed in 1974, gold prices skyrocketed. Around 2000, platinum’s worth increased as experts believed society had more faith in the government and our financial system. 

However, as the economy hit a new low in the early twenty-first century, the price of platinum dropped once again. In many situations, platinum and gold have worked together for at least four years. Nevertheless, historical evidence demonstrates that when the value of platinum plummeted, it quickly rebounded to a level higher than that of gold.

What is Allowed in a Platinum IRA?

A Platinum IRA is a self-directed Individual Retirement Account that allows you to invest in platinum coins and bars. For the platinum to be eligible for an IRA, it must meet specific standards set by the Internal Revenue Service (IRS). These standards include having a fineness of .9995 or greater. Additionally, only particular gold, silver, platinum, and palladium coins and bars are allowed in an IRA.

Investing in precious metals through an IRA ensures that the products meet IRS requirements. It includes ensuring that the gold, silver, platinum, and palladium coins and bars have a minimum purity level of .9995 or higher. You must also understand that not all precious metal products can be bought with an IRA.

Investing in a Platinum IRA can diversify your retirement portfolio with physical assets such as coins and bars made from precious metals. It can help protect your investments against market volatility while providing potential tax benefits.

Benefits of Opening a Platinum IRA

Further diversifying your retirement account involves investing in precious metals like platinum. The assets in your retirement account can also be diversified by investing in precious metals like platinum. Despite being much rarer than gold and silver, platinum has various industrial uses. By including platinum in your IRA alongside gold or silver, you can increase the diversification of your precious metal holdings.

Platinum and Gold Factors

Platinum and gold possess contrasting properties. As the value of gold increases, platinum’s value declines, and vice versa. This fluctuation occurs because of these precious metals’ distinct reactions to different economic conditions.

  • Gold Factors – When other components of the financial market face risks, gold’s value typically increases. Factors like banking crises, dollar depreciation or other legal tenders, and government bond security speculation can enhance gold’s worth.
  • Platinum Factors -Conversely, platinum typically increases in value during extended periods of economic growth or when investors believe the current economy exhibits monetary stability. Furthermore, platinum is used in various industrial applications. Consequently, its value tends to decrease when the demand for it drops.

Popular Coins and Bars for Platinum IRAs

Platinum IRAs offer an excellent way to diversify your retirement portfolio and capitalize on the potential of platinum. You have various coins and bars when investing in a Platinum IRA, including popular options like American Eagles, Canadian Maple Leafs, and Australian Koalas.

To select the correct coins or bars for your Platinum IRA, ensure they meet the IRS’s requirements for IRA-eligible platinum, which includes a minimum purity of .9995 and being manufactured by an authorized refiner or mint.

Popular coins and bars for Platinum IRAs typically come from government mints such as Perth Mint, Royal Canadian Mint, and United States Mint. These coins often carry higher premiums than privately manufactured items but offer greater liquidity when it’s time to sell. Popular coins include the American Eagle, Canadian Maple Leaf, Australian Koala, Austrian Philharmonic, Chinese Panda, British Britannia, Mexican Libertad, and South African Krugerrand.

Bars are another popular choice for Platinum IRAs with low premiums over spot price. Standard bar sizes range from 1 gram to 10 ounces, and you can find various shapes like rounds and ingots. Some of the most popular brands are PAMP Suisse, Credit Suisse, Valcambi Suisse Bars & Rounds, Johnson Matthey Bars & Rounds, and Engelhard Bars & Rounds.

Ensure that any coin or bar you choose for your Platinum IRA account meets all IRS requirements to maximize your return on investment while minimizing potential tax consequences in the future.

Frequently Asked Questions

What Is an IRA and Why Should I Consider Converting It to Physical Platinum?

Individual Retirement Accounts (IRAs) are tax-advantaged investment accounts that allow people to save for retirement. Converting an IRA to actual platinum allows you to diversify your retirement portfolio, guard against inflation, and benefit from long-term platinum price increases.

Are There Storage Requirements for Holding Physical Platinum in My IRA?

Your IRA’s actual platinum must be maintained in an IRS-approved depository. It assures asset security and compliance with IRS regulations. While the platinum is in your IRA, you cannot take personal possession of it.

Can I Receive Distributions From My IRA in the Form of Physical Precious Metals?

Yes, depending on the metals in your account, you may get payouts from your IRA in actual gold, silver, platinum, or palladium. However, before withdrawing any withdrawals from your account, you should consult a financial professional because there may be tax ramifications.

Are There Any Benefits to Converting an IRA to Physical Platinum?

Investing in a Platinum IRA allows people to possess physical platinum rather than paper assets like mutual funds or ETFs. A Platinum IRA provides investors the opportunity for portfolio diversification and long-term growth. It can also bring tax benefits and the ability to take physical ownership of your investments.

Final Thought – Convert IRA To Physical Platinum

Converting an IRA to physical platinum is an excellent strategy to increase your retirement investment portfolio and protect your savings against market volatility. With the help of a reliable precious metals firm, you can quickly and securely convert your IRA into physical platinum. Understanding the tax implications of holding precious metal assets in your IRA is essential before making any decisions. Ultimately, converting an IRA to physical platinum is a sound investment strategy that can assist you in making the best out of your retirement funds. Some reputable precious metals firms that can assist you in this process include Augusta Precious Metals, Red Rock Secured, Goldco, American Hartford Gold, and Birch Gold Corporation.

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