How much does a gold and silver IRA cost to start?

The Internal Revenue Service (IRS) first began allowing investors to place gold, silver and platinum within their self-directed retirement accounts in 1997 when the Tax Payer Relief Act was passed. Millions of American investors have transferred their existing IRAs and 401ks into gold and silver-backed retirement accounts since that time, and many economists believe that this trend could continue due to our nation’s current financial and political situation.

Many investors have no idea how much it costs to start and maintain a gold and silver IRA. The exact amount that one will pay varies depending on the custodian of the precious metals, the gold and silver dealer chosen to facilitate the transfer and the products purchased. Equity Institutional has been rated by investors as one of the most reliable Precious Metal IRA custodians and the costs to open a gold and silver IRA with this company are as follows:

-One-Time Precious Metal IRA set-up fee of $50

-Annual Precious Metal IRA maintenance fee of $75

-Annual storage fee of $150 (insures up to $250,000 of physical metals; additional costs may be incurred for higher monetary values)

The transfer forms can be a bit complicated and some precious metal brokers even charge clients for assistance with completing the paperwork. Gold Silver Retirement Advisers can walk you through the forms step-by-step for free and with no obligation to do business with our company. Once the new account is funded then the investor must decide which products to purchase. Bullion bars usually have lower premiums than bullion coins, and the American Eagle Proof coins have slightly higher costs than bullion coins due to their limited and special mintage. Every item has a “buy-and-sell spread” that must be overcome before the investor can make a profitable liquidation. Some dealers also add broker commissions to the bottom line, although Gold Silver uses only non-commissioned employees.

Contact Gold Silver directly at 1-800-394-3337 for a free brochure about starting a gold and silver IRA or to get help with the paperwork. We can also help with account evaluations and liquidations. More information about the gold and silver markets is available via Real Money Magazine, a free copy of which is available through the link below.

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