Precious Metals IRA FAQ

Acquiring precious metals for your self-directed Gold IRA is simple and straightforward. And your dedicated account representative will assist you every step of the way. 

First, you’ll complete a 10-minute account application. We’ll then send you your paperwork to sign with a prepaid FedEx return envelope.  

After we receive your completed paperwork, we’ll set up your account within 24 hours. Next, we’ll help you transfer funds from your existing retirement account to your new Gold IRA so you can purchase your metals. Finally, we’ll help you select the best mix of metals for your needs and goals.   

Yes, you can move funds from most qualified retirement plans, including: 

• Traditional, Roth, SEP & SIMPLE IRAs 

• 401(k), 403(b) & 457(b) plans 

• Pensions & Thrift Savings Plans 

If you’re unsure which of your accounts are eligible, or if you’d like more details about Gold IRA rollovers, call us at 800-465-6009 to get your free Gold Guide. 

The process is simple and hassle-free. You have two tax-free transfer options: 

1. Direct trustee-to-trustee transfer: Funds move straight from your current plan to your new IRA. 
2. 60-day rollover: Your current provider sends you a check, which you forward to your new IRA within 60 days. 

Your Colonial Metals Group representative will handle the details for you, fill in your paperwork for your approval, help facilitate your funds transfer, follow up with custodians, and help you select your best mix of metals. We’re with you every step of the way. 

Not at all. We’ll keep paperwork to a minimum. On the initial application, we’ll simply need your basic info and a list of your beneficiaries, if any. We’ll send your paperwork with a prepaid FedEx return envelope. And your account manager Gold IRA specialist will be there to make everything simple, fast and easy. 

No. When you follow the right process, you pay no taxes or penalties on your transfer.   

That’s where Colonial Metals Group comes in. Your dedicated representative will oversee every step to help keep everything safe and compliant. We’re proud to say we’ve had zero clients incur taxes or penalties from an IRA rollover. If you’re ready to get started, click here. 

Usually, we can have your new Precious Metals IRA ready within a single business day. And fund transfers generally take an average of 5 business days. 

Our Precious Metals IRAs have straightforward, transparent fees that are often lower than conventional retirement accounts. For example, an account with Equity Trust costs: 

$225/year for commingled storage or $275/year for segregated storage 

The flat annual fee covers secure storage, insurance, quarterly statements, and 24/7 online account access. The benefit of a flat fee is that it is not tied to the size of your account. So when your Gold IRA account value grows, your maintenance fees remain the same (unlike a traditional IRA or 401(k)-type account). 

Yes. We believe in securing your life’s work, exercising your monetary freedom, and protecting your financial future with tangible assets you can hold in your hand.  

And when you open a Gold IRA with Colonial Metals Group, you will own real, physical gold and silver in your name, stored in a state-of-the-art, IRS-approved, fully insured, private depository outside of the US banking system.  

Gold IRA precious metals must be stored in one of the nation’s IRS approved facilities. And your dedicated Colonial Metals Group representative will review your options with you. To make certain your metals are secure, we recommend the IRS-approved Delaware Depository in Wilmington, DE. Delaware Depository is fully insured by London Underwriters and safely handles billions of dollars in monthly transactions.  

You’ll have 24/7 online account access to view your holdings and their daily spot value.  

If you prefer a paper report, your custodian can send a quarterly summary by mail. 

The best mix of gold and silver for your new IRA depends on your unique financial goals and timeline. Our experts can assess your situation and help you select the perfect coins or bars for your needs. For a free, no-pressure consultation call (800) 465-6009.  

Yes. You can make contributions to your Gold IRA on any recurring schedule you prefer, just like you make contributions to a Traditional IRA account. And you can then hold your contributions in your account or use the funds to acquire more metals – you’re in control.  

Taking a distribution is simple and usually takes one business day. Just let us know. We’ll prepare your paperwork and arrange secure delivery of your metals from the depository to your home. Or, if you prefer, we can liquidate your holdings for you and deliver a check for the amount.  

Most conventional IRA providers only offer electronic access to paper assets like stocks, bonds, ETFs and mutual funds. To secure your life’s work with gold and silver, you’ll need a self-directed Precious Metals IRA. We specialize in setting these up properly and can help you establish yours quickly and easily. 

To guarantee purity and authenticity, we only source certified metals from globally trusted government mints like the US Mint and Royal Canadian Mint. Every coin has a verifiable record of origin. And your coins undergo a second authentication audit at the depository to meet strict insurance standards. Additionally, you’re welcome to visit the depository and view your metals anytime. We proudly stand behind every coin we offer so you can invest with confidence. 

We have publicly accessible glowing 5-star client reviews. Over the years, we’ve built our business on integrity, expertise and service. And we’re proud to be a nationally recognized leader in the precious metals industry. 

Before investing in precious metals, we highly encourage you to thoroughly vet any company you’re considering. Google us, check our reviews and ratings. We share your conservative values. You’ll love talking and working with us. And we’ll do all we can to make sure you’re confident it’s one of the best financial decisions you’ve ever made.

Precious metals work best as a long-term store of value. Therefore, we generally recommend holding your gold and silver for at least 3–5 years or longer before selling.  

Your Colonial Metals Group expert can discuss investment timelines that align with your retirement goals.