Convert IRA To Physical Precious Metals

In the current unpredictable economic climate, safeguarding retirement savings is crucial for investors. A practical way to establish this is to convert an Individual Retirement Account (IRA) into physical precious metals such as gold or silver, creating a Precious Metals IRA. This strategy protects against inflation, market fluctuations, and currency devaluation and preserves the associated tax advantages.

Best Precious Metals IRA Companies Of 2023 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)


Based in Casper, Wyoming, Augusta Precious Metals leads the IRA gold and silver industry. As a reputable precious metals merchant and PCGS (Professional Coin Grading Service) dealer, Joe Montana’s financial team recognizes Augusta Precious Metals as the top US gold company.

Augusta Precious Metals assists investors in diversifying their portfolios by opening silver and gold IRAs. Forbes recommends safeguarding retirement assets with precious metals. With excellent customer service and a secure online purchasing system, Augusta makes adding real gold or silver to your retirement portfolio easy.

Their expertise, professionalism, and customer service have earned Augusta a 4.97 BBB rating. Customers also appreciate the company’s affordable coin, bullion prices, and fast shipping.

As a trusted gold and silver investment provider, Augusta Precious Metals offers competitive coin and bullion prices, secure online ordering, and knowledgeable customer service to assist you in making investment decisions. They can also help you convert your IRA into actual precious metals, further diversifying your portfolio.

Pros & Cons


  • The company provides an easy-to-use purchase method for precious metals, allowing investors to acquire and sell precious metals swiftly and efficiently.
  • Augusta Precious Metals provides a simple method for purchasing precious metals. Their easy-to-use web platform allows investors to purchase and sell Gold and Silver at reasonable prices.
  • Simple and user-friendly methods allow investors to execute transactions quickly and without trouble or hassle, and orders of $5,000 or more within the continental United States qualify for free shipping.
  • While Augusta Precious Metals makes it easier to buy precious metals, some investors may need more time to learn about the process.
  • Augusta Precious Metals makes it simple to buy precious metals. However, due to Augusta Precious Metals’ commitment to due diligence and ensuring every transaction is precise and efficient, investors may need longer timeframes.
  • Their attention to detail distinguishes them from other businesses in their field; they take the time and care to meet the demands of each investor and handle all transactions with integrity and openness.


  • Precious metals prices, like any other investment, can change dramatically, requiring investors to be prepared for potential losses.
  • Though investing in precious metals can be rewarding, investors should remember that there are hazards, as with any other investment. Precious metal prices can fluctuate swiftly due to market conditions, geopolitical events, and other external forces beyond an investor’s control.
  • Investors must always be prepared for probable losses and have a long-term investment strategy. Remember that funds in precious metals are not a fast way to get rich; rather, It is implied to be a way of securing one’s financial future.

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


Red Rock Secured, a privately held company in Southern California, protects retirement savings through education and premium services. The company’s mission centers on helping clients safeguard their hard-earned money by converting it into physical gold and silver. The SEC and DFPI have featured Red Rock Secured for its fraud scheme targeting retirement accounts.

The company is engaged on social media platforms like Facebook and LinkedIn, sharing valuable retirement planning tips. Additionally, their YouTube channel offers videos on how to protect your retirement savings. Customers can also find reviews of Red Rock Secured on websites such as Consumer Affairs and Birdeye.

Red Rock Secured is a trusted source for protecting retirement savings through gold and silver investments. With years of industry experience, they remain dedicated to offering customers the best attainable service.

Pros & Cons


  • A comprehensive variety of IRA-eligible bullion in all four precious metals categories is available.
  • A long track of success in the business
  • FREE $5,000 in silver
  • Plan for price protection
  • There are no custodial or administration costs for up to ten years.
  • Gold IRA company with the highest ranking on the 2022 INC 500 list
  • Though they claim that IRAs are just half their revenue, their focus on retirement investors is evident.


  • The bullion they provide should have its product page.
  • An option of home delivery IRAs, the prudence we still need to figure out.
  • Aside from TrustLink, there was some negative feedback, which was swiftly handled to the customer’s satisfaction.

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


Goldco, a Los Angeles-based private wealth and asset protection organization founded in 2006, is a leading US Precious Metals IRA provider. Their products and services assist consumers in preserving their retirement funds with gold and silver.

With an A+ ranking from the BBB and a Triple-A rating from the Business Consumer Alliance, Goldco ensures the safety of your investments. They primarily sell IRA-approved gold and silver coins, simplifying the process of opening precious metals IRA accounts.

Goldco actively secures your wealth and livelihood. With over 1587 positive customer ratings, you can trust this esteemed precious metals investment organization. They expertly help you convert your IRA to precious physical metals, ensuring a seamless transition and diversified retirement portfolio.

Pros & Cons


  • Goldco specializes in precious metals IRAs, which may appeal to investors looking to diversify beyond typical stocks and bonds.
  • Goldco’s team possesses extensive expertise and experience in the precious metals business, which may give investors confidence in their investment decisions.
  • Goldco provides various precious metals products, including gold, silver, platinum, and palladium, allowing clients to customize their investments.
  • Goldco may provide tax advantages to investors who use IRAs to invest in precious metals.


  • Precious metals may change, and their prices can move quickly, potentially resulting in investor losses.
  • Metals of value Traditional IRAs often have higher fees and more complicated processes, which may disadvantage some investors.
  • Investors may require assistance with liquidity concerns when investing in precious physical metals because selling and turning them into cash can take time.
  • Goldco’s products and services may only appeal to confident investors, and those new to the precious metals market may encounter a longer learning curve.

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


American Hartford Gold, a reputed leader in the precious metals industry, holds an A+ rating from the Better Business Bureau and boasts thousands of satisfied customers. As one of the nation’s most popular precious metals dealers, they specialize in gold and silver IRAs and offer a wide range of gold coins and bullion.

Based in Los Angeles, this family-owned business prioritizes exceptional customer service. It assists clients in selecting the best investment options for their retirement funds. With competitive product pricing, American Hartford Gold caters to new and experienced investors.

As a reputable precious metals broker, American Hartford Gold stands out for its outstanding customer service and high-quality offerings. They provide an excellent retirement savings option and can convert your IRA into tangible precious metals to diversify your portfolio.

Pros & Cons


  • The BBB gave it an A+ rating, supported by 361 reviews with an average rating of 4.9/5.
  • They offer low prices and hassle-free transactions.
  • They provide the Lowest Price Guarantee and no buyback costs.
  • Bill O’Reilly and Rick Harrison endorsements only.
  • Free precious metals consultation.
  • Featured on Newsmax, RSBN, Epoch Times, and Fox News.


  • The website does not list coin prices; please get in touch with a salesperson for pricing information.
  • Platinum and palladium possibilities are limited in self-directed IRAs.

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


Burbank-based Birch Gold Corporation specializes in selling precious metals and offering Precious Metals IRAs. They provide precious physical metals for both IRAs and cash delivery.

Endorsed by The Daily Wire Editor-in-Chief and host of the Ben Shapiro Show, Birch Gold Group retains an A+ ranking with the Better Business Bureau. It boasts over 114 Consumer Affairs reviews, averaging a 4.4-star rating.

Offering reliable gold and silver investments, Birch Gold Group’s Precious Metals Specialists are available from 6 am to 5:30 pm on weekdays PST to answer any questions related to gold and silver investing.

Whether you’re a beginner or have an existing IRA, Birch Gold Group can expertly guide you through investing in precious metals. Trust their experienced team to handle your investments with care. They can also assist you in converting your IRA into a Physical Precious Metals IRA, helping you diversify your portfolio and protect your retirement savings.

Pros & Cons


  • It provides a modest and inexpensive investment minimum, making it possible for a broader spectrum of consumers to invest in a Gold IRA and ensure their financial future.
  • Customers are given instructional resources to help them better understand IRA investments, allowing them to make more educated selections and stay current on market circumstances.
  • Customers can create portfolios based on their preferences and risk tolerance by offering various precious metals such as gold, silver, platinum, and palladium.
  • Birch Gold Group has a solid history, decades of experience, and a respected reputation, establishing faith in consumers looking for a reliable and profitable company.


  • Customers must call a salesperson to purchase instead of purchasing directly online, which may be inconvenient for those looking for a more simplified procedure.
  • Birch Gold Group offers various benefits, including a low investment minimum, educational materials, precious metals, and a proven track record. However, there needs to be more direct internet ordering and significant delays in contacting a salesperson.

What is IRA?

An Individual Retirement Account (IRA) is a tax-advantaged investment account designed to assist you in saving for retirement. With tax benefits and flexible investment options, IRAs continue of the most widely used methods to prepare for retirement. You can contribute to an IRA using pre-tax or after-tax dollars, and the money grows tax-deferred until you withdraw it at retirement. The taxation of withdrawals depends on the type of IRA you select.

Four main types of IRAs exist Traditional IRAs, Roth IRAs, SEP IRAs, and SIMPLE IRAs. Traditional IRAs enable you to contribute pre-tax dollars, allowing your money to grow tax-deferred until you withdraw it at retirement age. Withdrawals from a traditional IRA are taxed as ordinary income. Roth IRAs, on the other hand, permit after-tax contributions, with your money growing tax-free until retirement age.

 Additionally, withdrawals from a Roth IRA are not taxed. As employer-sponsored plans, SEP IRAs allow employers to allocate up to 25% of employees’ salaries into their retirement accounts each year. Lastly, SIMPLE IRAs resemble SEP IRAs but feature different contribution limits and eligibility requirements.

Differences Between a Transfer and a Rollover

An Individual Retirement Account (IRA) is a tax-advantaged investment account specifically designed to assist you in saving for retirement. As one of the most favored methods for retirement savings, IRAs provide tax benefits and investment flexibility.

  • Rollover: Your current IRA custodian transfers the specified withdrawal amount to you in a rollover. You must deposit the investment into your new gold IRA account within 60 days. You must meet this deadline and be under 59.5 to avoid facing a 10% penalty on the withdrawal. Consequently, gold IRA rollovers are considered riskier than transfers.
  • Transfer: Transferring an IRA to gold involves your current IRA custodian sending funds directly to your gold IRA custodian without withdrawing cash from the retirement account. Individuals prefer this method due to its convenience (no need to handle the money directly) and the reality that it eliminates the possibility of missing the 60-day window.

In need of assistance with a rollover or transfer? Gold IRA companies stand ready to guide you through each step of the process.

How Do You Convert an IRA to Physical Gold?

Suppose you have a traditional IRA, Roth IRA, SIMPLE IRA, or SEP IRA. In that case, likely, your brokerage doesn’t allow you to hold tangible assets. You can, however, invest in gold exchange-traded funds (ETFs), mutual funds containing gold assets, and stocks of gold mining companies.

Funding physical gold through an IRA and the reality that it eliminates the possibility of that supports alternative asset investments. This process involves several steps.

Open a New Self-Directed IRA

To convert an IRA to physical gold, open a new account. Most traditional IRA and 401(k) plans do not allow the purchase of actual gold due to specific restrictions.

When buying gold through a tax-deferred retirement plan, you must meet specific storage and insurance requirements. Work with a trustee or custodian specializing in self-directed IRAs and precious metals investments to do this.

Initiate a Transfer or Rollover

To start setting up an IRA through American Hartford Gold, request a free gold investor kit, consult an expert consultant, and select the gold or silver bars and coins to include in your IRA. American Hartford Gold is a reputable and trustworthy gold IRA company, making it an ideal choice for diversifying and protecting retirement portfolios.

Before purchasing actual gold, you must first fund your new self-directed IRA. Thankfully, converting assets from an IRA to real gold is straightforward. You can submit a transfer request once you’ve set up your new account.

A typical transfer request requires you to provide your account number and basic account information. Your new trustee or custodian will then contact the current custodian to complete the transfer.

No penalties or taxes are involved when transferring assets from one IRA to a new gold IRA rollover. In addition to converting an IRA to real gold, you can convert an existing 401(k). The IRS permits a rollover for this purpose, which is allowed only once per year.

Find a Reputable Precious Metals Dealer

Many companies providing gold and silver IRAs enable customers to buy precious metals from any trustworthy metals dealer. They may also offer a list of preferred vendors.

When comparing metals merchants, search online for customer reviews and feedback. Ensure you only purchase gold from reputable companies boasting years of experience in the industry.

Choose a Third-Party Depository

According to the IRS, you cannot be the custodian for your precious metals purchased through an IRA. Instead, a third-party entity, such as a depository, must hold the physical assets.

Many investment companies offering self-directed IRAs supply a list of depository partners. In contrast, others might permit you to select your bank.

If given the option to choose a depository, ensure it is insured and licensed to store precious metals.

Buy Your Physical Gold

Finally, purchase your gold. It typically involves signing an Investment Direction form the metals dealer sends to your self-directed IRA’s custodian.

Now that you know how to transform an IRA into tangible gold, ensure you compare gold companies and verify their Better Business Bureau (BBB) rating before opening an account.

Frequently Ask Question

Can You Convert Your IRA to Gold and Silver?

You can convert your IRA to a gold IRA by selecting a trustworthy gold IRA business and custodian. You can protect your retirement funds by purchasing platinum, palladium, silver, and other precious metals.

Can You Transfer an IRA to Physical Gold?

All or portion of your retirement assets can be transferred or rolled over from one account to another. The custodian obtains gold or other qualifying Purchasing on your behalf, bullion bars that have received IRS approval, or particular coins using the transferred or rolled-over money.

Is Converting My IRA to Physical Precious Metals Tax-Free?

If done correctly, changing your IRA to actual precious metals is tax-free. A straight rollover or a trustee-to-trustee transfer is used, which avoids any taxes or penalties.

How Do I Choose a Reputable Gold IRA Company?

Consider criteria such as their industry reputation, customer reviews, experience, fee transparency, and the selection of precious metal products they offer when selecting a Gold IRA provider. To ensure your investment is an achievement, you must engage with a trustworthy and trusted organization, such as American Hartford Gold.

Final Thought – Convert IRA To Physical Precious Metals

Converting an IRA to physical precious metals provides a great chance to diversify your retirement portfolio and safeguard your savings against inflation. To do this, you’ll need to open a self-directed IRA account, transfer or rollover funds from an existing IRA, and choose the gold or other precious metals you want to purchase. Before taking this step, conducting thorough research and understanding the risks associated with investing in precious metals is crucial.

Some reputable companies specializing in precious metal IRAs include Augusta Precious Metals, Red Rock Secured, Goldco, American Hartford Gold, and Birch Gold Corporation. Considering these options, you can make an informed decision and confidently invest in a diversified retirement portfolio.

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