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Why the Rich are Investing in Gold IRAs

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Why Opening a Gold IRA May Protect Your Retirement?

Do you have a 401k or IRA? If you're like most people, you probably don't want to think about what could happen if the stock market crashes. In our Goldco Review, we examine some reasons why the wealthy are moving some of their retirement funds into a gold IRA and why we thousands are trusting GoldCo to protect their retirement.  

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Here are multiple reasons why a precious metal IRA could be a smart financial move.

Protect your retirement from volatility.  How has your IRA performed this year? Maybe it has been a great year, but maybe you wonder if this performance will last.

Will the market crash? This up and down nature of the stock market – or volatility – can cause stress, especially if your retirement plan is based primarily on stocks and bonds. If your current retirement strategy does not include precious metals, you may be missing out on an essential element of diversification.

Gold and silver are less volatile, and as part of a diversified investment portfolio, you can hedge against the risk of crashes or downturns in the stock market right before you are ready to retire.

Since the financial crisis of 2008, Gold IRAs have become increasingly more popular. Record gold sales combined with the appearance of companies like Goldco, who handle and simplify the transactions, have made investing in a gold IRA an easy pursuit. This has led to robust precious metal IRA growth. 

What is a Self-Directed IRA?

Self-directed IRAs are similar to traditional IRAs that permit owners to invest in a much broader array of assets, such as precious metals, commodities, private placements, limited partnerships, tax lien certificates, real estate, and other sorts of alternative investments. There are two different self directed IRSs offered by Goldco: Gold IRAs and Silver IRAs.

Why Choose a Goldco Self-Directed for Your Gold IRA?

As mentioned above, self-directed IRAs are a great way to diversify your portfolio and smooth out your risk in the event of market decline. Regular IRAs are limited to common securities like stocks, bonds, certificates of deposit, and mutual or exchange-traded funds (ETFs). Self-Directed IRAs let you invest in precious metals like gold.

Let’s say your retirement date is planned, but just as you plan to retire, the stock market crashes. This can be devastating. You have to re-think your future – different lifestyle or more working years? However, if some of your money had been invested in precious metals like gold or silver, your retirement might not be as impacted.

When we look historically and compared to other investment categories, gold prices show moderate volatility. Extreme peaks are leveled off by longer periods of relatively little movement.

In general, the price of silver and gold tends to rise when the stock market is down, which can offer wealth protection in times of financial uncertainty. During the past 20 years, the value of gold has grown nearly twice as fast as the stock market. Think about what that could have done for your portfolio! 

Gold has been sought after and highly prized for thousands of years, especially in making jewelry and decorative items. Around 1500 BC, Egypt decided it would be the first official medium of exchange for international trade. Of course, today gold is still used for jewelry but also for some technologies like smartphones and solar panels. Gold has maintained its value due to a consistent demand.

 Another reason precious metals are advantageous is that they are easy to sell when you want the money. This asset liquidity is not the same for some other investments, like real estate. 

How to Buy Gold With IRA?

You will be able to purchase Gold within your self-directed IRA using one of the  best Gold IRA companies in 2022 which are reviewed in  Additionally, the option to purchase physical gold, stocks, buying cryptocurrencies like bitcoin in your IRA, or even real estate is all possible with a self-directed IRA.

Taxes and Moving Your 401K, Roth, or Traditional IRA into a Gold IRA

Please consider this education and not official tax advice as we are not Certified Tax Experts.  From a tax perspective, traditional and Roth IRAs carry significant tax advantages. Because the money in traditional IRAs is tax-deferred, you will not have to pay taxes on your money while it is growing or building or even when you first begin taking distributions. In other words, traditional IRAs yield an upfront tax break, whereas a Roth IRA hands you that perk when you’re ready to retire. 

Since you contribute after-tax dollars, your earnings and withdrawals are not taxed in retirement. A Gold IRA through Goldco offers all the same tax benefits you’d have with a traditional or Roth IRA. The main difference is that instead of stocks and bonds, your IRA contains gold.

Transfering Your Retirement Fund to

Coins approved by the IRS (examples)

view picture of coins approved by the IRS

GoldCo Professionals Help You Every Step of the Way

 If you would like to start a Gold IRA, the team at Goldco can help. They understand specific IRS regulations regarding self-directed IRAs and can instruct you on the correct procedures to avoid any penalties or violations.

 To put gold into an IRA, you’ll need to have a Self-Directed IRA. Begin by filling out an application on Goldco’s website, determine how you plan to fund your IRA, set up a transfer to your account, and then select the gold pieces such as coins or bars that you would like to purchase. 

 Once your metals are purchased, Goldco will arrange to have them sent to an IRS-approved storage facility until you decide to sell them. Disbursements can be made in gold or cash.

Can you put physical Gold in an IRA?

Yes, you most certainly may.  There are just a few decisions you will have to make when deciding to buy gold...

Bars or coins? 

Bars are rectangular slabs of pure gold and are produced in various amounts. Like coins, gold bars are portable, private, and liquid. 

Coins, on the other hand, are one of the more widely known forms of gold ownership.

For thousands of years, civilizations around the world have been fascinated by the allure of gold coins, an allure that remains strong today.

You have more selection with gold coins as well – size, finish, design, price, grade, rarity, origin all are factors in buying coins. In terms of value, the value of a gold bar will be based on the price of gold, whereas sometimes gold coins sell for higher prices due to demand for the coin or limited mintage.

 Precious Metals IRA must contain gold that is at least 99.5% pure, based on the IRS regulations. Goldco offers a variety of gold coins and bars that meet these requirements and can be held in a Gold IRA, such as:

Gold IRA Coins

  • Gold American Eagle Coins

  • Gold American Eagle Proofs

  • Gold American Bald Eagle Coins

  • Gold Buffalo Coins

  • Gold Maple Leaf Coins

  • Gold Lucky Dragon Coins

  • Gold Australian Saltwater Crocodile Coins

  • Royal Mint Gold Lunar Series: 2016-Year of the Monkey Coins

  • Royal Mint Gold Lunar Series: 2017-Year of the Rooster Coins

  • Royal Mint Gold Lunar Series: 2018-Year of the Dog Coins

  • Royal Mint Gold Lunar Series: 2019-Year of the Pig Coins

Gold IRA Bars

Goldco also offers a large selection of gold bars in a variety of sizes, from one ounce to 100-ounce bars. Each bar is 99.99% pure. Goldco receives its gold bars from mints such as PAMP Suisse and the Perth Mint.

Silver IRAs

Like a Gold IRA, a Silver IRA is another great option for investors looking to diversify their portfolio. The benefits of silver are similar to that of gold, because it can help protect your overall investments should the stock market enter a downward period.

The major benefit of silver over other precious metals like gold, platinum, and palladium is that it is less expensive. You can purchase many more silver coins and bars for the same price you’d spend on just a few gold coins.

Silver, like gold, is highly liquid, so you will not have trouble selling it when you are ready. Silver has been treasured for thousands of years, and its uses range from ornamental to medicinal when it was discovered. In ancient cultures, many wealthy families owned silver utensils, jewelry, religious talismans, and decor. Of course, silver was also used as currency and as gifts, much like today.

To put silver into an IRA, you will need to have a Self-Directed IRA. Begin by filling out an application on Goldco’s website, determine how you plan to fund your IRA, set up a transfer to your account, and then select the silver pieces you would like to purchase. 

Silver must be 99.99% pure to be held in a Silver IRA. Goldco offers a large selection of IRS-approved silver coins and bars for your investment.

IRS regulations dictate that silver must be 99.99% pure to be held in a silver IRA. Below are the various approved silver coins and bars you can add to a Precious Metals IRA with Goldco:

Silver IRA Coins

  • Silver American Eagle Coins

  • Silver American Eagle Proof Coins

  • Silver Maple Leaf Coins

  • Silver Australian Saltwater Crocodile Coins

  • Silver Lucky Dragon Coins

  • Silver World War I Coins

  • Silver WWII Victory Coins

  • Silver American Bald Eagle Coins

  • Royal Mint Silver Britannia Lunar Series: 2015-Year of the Ram Coins

  • Royal Mint Silver Britannia Lunar Series: 2016-Year of the Monkey Coins

  • Royal Mint Silver Britannia Lunar Series: 2017-Year of the Rooster Coins

  • Royal Mint Silver Britannia Lunar Series: 2018-Year of the Dog Coins

  • Royal Mint Silver Britannia Lunar Series: 2019-Year of the Pig Coins

Silver IRA Bars

Just like with gold, silver can be purchased from Goldco in bars that are 99.99% pure and come in sizes from 1 ounce to 100 ounces. Goldco offers silver bars from some of the top and most respected silver producers such as PAMP Suisse and the Perth Mint.

Transferring and Rolling Over Your IRAs

Let’s say that you have a traditional IRA but now want to expand your portfolio to include precious metals. The question is: can you roll over your current IRA into a precious metals IRA, like a Gold IRA or a Silver IRA? Goldco offers a guide on their website to determine whether your current retirement account is eligible to roll over into a Precious Metals IRA. You can also contact one of the members of the Goldco team if you still have questions about your account’s eligibility.

Rolling over an IRA is common during a job change or retirement because you can move funds from a company-sponsored account more easily. Most pre-retirement payments you receive from a retirement plan or IRA can be rolled over by depositing the payment in another retirement plan or IRA within 60 days. When you roll over a retirement plan distribution, you typically don’t pay tax on it until you withdraw it from the new plan, so your money continues to grow tax-deferred.

 It is possible you will be able to roll over funds from more than one retirement account into your new Precious Metals IRA if you so desire.

There is a significant tax benefit to rolling over existing funds into a Gold IRA as opposed to simply purchasing gold bars or coins to store at your home. Depending on the type of account you set up, you may not even be taxed on the gains on your investment.

 There are a few other benefits associated with rolling over an existing account into a Gold or Silver IRA. Funds held in Gold and Silver IRAs are less susceptible to seizure by the government than some other accounts. Additionally, gold has historically been a hedge against inflation, as the price of gold tends to increase as the cost of living increases. During high inflation years, typically, the stock market will have a downward turn and the value of gold will increase. 

 IRAs do come with guidelines, rules and regulations. For this reason, it is important to understand the contribution limits, tax advantages, age restrictions, fees and penalties associated with IRAs. For example, you cannot withdraw funds from your account before you reach at least 59 ½ years old without a 10% penalty. You will also owe income tax on that money (some exceptions apply, including death and disability). The point is, your investment requires some research so you are prepared for your future.

 Once the research is done and you have decided you want to begin the rollover process, Goldco offers a simple and straightforward 4-step process to get your precious metal IRA set up. In addition to their online guide, a Goldco team member is available for assistance.

 Step one is to look at your investment options. Maybe you are curious about real estate or mutual funds. Explore the pros and cons of those investments. Maybe you are also considering investing in gold and silver. Compare those options. When your research is done and you have decided to invest in precious metals such as gold or silver, it is time to contact a Gold IRA specialist at Goldco. They are the experts in setting up a new Gold IRA.

 Step three is transferring funds into your new account. Once the funds have arrived in your new account, you can choose the specific gold or silver coins or bars you’d like to purchase. Goldco will make sure you get your precious metals securely stored as well.

 Once your Gold IRA is set up, sit back and watch your portfolio value grow. Each year, you are allowed to make a new contribution of up to $6,000 without paying any penalties ($7,000 if you’re older than 50).

Educational Resources

On Goldco’s website, you will see a tab at the top of the page labeled “Resources.” This section is key to understanding gold investing and a great place to start if you want to learn more. For example, you can see the price of precious metals and how they have fluctuated over the past several months or years. Furthermore, this resources page will serve as a deeper educational tool that will help you understand the factors that impact the price of gold. 

Free Self-Directed IRA Guide

Interested but not convinced that a Gold IRA is the right investment for you? Learn more! Goldco has a free guide on self-directed IRAs which will detail the reasons why investing in precious metals can boost your portfolio. If you are ready to protect your retirement savings and would like a printed guide, Goldco has you covered. You can read about it online or request a free guide mailed to you.


Extensive selection of gold and silver coins and bars

Excellent customer service that guides you through transfers and rollovers

A+ rating with Better Business Bureau and a Triple-A rating from the Business Consumer Alliance


Extensive selection of gold and silver coins and bars

Excellent customer service that guides you through transfers and rollovers

A+ rating with Better Business Bureau and a Triple-A rating from the Business Consumer Alliance


Platinum and Palladium aren't offered by Goldco for Precious Metals IRAs

In Conclusion

Gold IRAs have many advantages for investors, such as providing diversification to investors’ portfolios which will protect against market volatility. Diversification means that you look beyond the typical stocks and bonds for investments and consider holding other valuable assets, like precious metals. Even starting off with a small gold investment can help to smooth your risk and increase value in your portfolio. 

Now is the time to prepare for your retirement. Now is the time to consider investing in precious metals. Goldco can help you get your new precious metals IRA set up.

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