Preserving Your Wealth for Generations

What is a Precious Metals IRA?

A precious metals IRA allows a custodian to hold approved physical metals in an Individual Retirement Account on the behalf of the client.

Actual, physical metals are held at a depository, rather than paper assets as with a typical IRA. A precious metals IRA is simple to setup and also a great way to diversify your portfolio.

A Precious Metals IRA is a self-directed IRA; an existing IRA or 401k MAY be “rolled over” into a Self Directed Precious Metals IRA.*

Spouses MAY be able to each have a separate Precious Metals IRA, subject to IRS regulations.*

These self-directed IRAs are subject to the same limits and qualifications of any other type of IRA.

*always visit with your tax professional to determine if this retirement plan is right for you and to determine, if any, the tax consequences to you.

Once the decision has been made to set up a Precious Metals IRA there are several steps to the process:

Choose a custodian. Choosing the right custodian is very important.
Carefully research the custodian’s fees and policies. There are several to choose from that are familiar with the Precious Metals IRA concept and what is necessary for successful conversion and ongoing transactions.
Visit with your current IRA/401K custodian to see if they offer a Precious Metals option for your retirment account.
We have extensive experience with and recommend New Direction IRA, Inc. or The Entrust Group.
Complete the paperwork required by the custodian/IRS and return in a timely manner to the custodian.
Fund the account, either through conversion of any existing IRA/401K accounts or by a contribution.

Select a precious metals depository. There are several of those in the United States. The choice of the depository may be up to the discretion of the custodian; if a choice is offered, we recommend Dakota Depository Company, LLC. This depository is local and offers much greater access to your retirement metals if you should choose a disbursement of them “in kind”.

Determine the product mix to place into your IRA. The IRS has guidelines for eligible precious metals: (minimum fineness shown)

Gold – .995 fine
Silver – .995 fine
Platinum – .9995 fine
Palladium – .9995 fine

Treasure Island Coins, Inc. can supply you with all of your precious metals needs for your IRA. TIC’s knowledgeable, highly trained and professional staff can answer your product questions, help in the decision process and help facilitate the transaction.

We Can Help

The Treasure Island Coins staff is comprised of a group of individuals with a common passion: educate our clients and help them expand their portfolios with precious metals. We feel that we offer more than a typical bullion dealer. We are well known for our personal approach, as well as our excellent customer service, great attention to detail, and competitive pricing.

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