Precious Metals IRAs
In the huge U.S. IRA market, now valued at $6.5 trillion, investors are diversifying their asset mix of mutual funds, equities and bonds with other products, including precious metals. Asset diversification has been recommended for generations by investment advisors, who typically suggest accumulating up to five percent of total assets in precious metals to hedge against inflation and protect against stock market declines. Assets held in Traditional, SEP, Simple, and Roth IRAs are eligible for transfer into physical metals. Transfers do not result in taxes or penalties.
The Taxpayer Relief Act of 1997 expanded allowable IRA holdings from gold and silver American Eagle coins to encompass a wide range of options, including Canadian Maple Leafs, Austrian Philharmonics and gold, silver, platinum and palladium bars that meet minimum fineness requirements.
As a leading wholesaler of precious metals, Dillon Gage offers its clients a range of products that meet IRA requirements. Retailers and institutional clients can purchase a variety of products to meet their customers’ investment needs, and we will store them at International Depository Services through coordination with a qualified IRA trustee or administrator. Coin dealers can set up self-directed IRAs for their clients using Dillon Gage’s new Closed Loop IRA™ platform.
As part of Dillon Gage’s Digital Metals services, the Closed Loop IRA platform was developed to streamline the process for retail investors, linking together all the parties in a seamless transaction: coin dealers, account administrators, wholesalers and storage facilities. Through the use of advanced technology, exclusive to Dillon Gage, the process which was once considered complicated is now simplified and manageable for all parties.
Through the Closed Loop IRA dashboard on Dillon Gage’s FizTrade platform, a coin dealer can initiate and track a client’s precious metals IRA investment from start to finish from a single web-based browser. The customer can initiate the transaction via a widget embedded on the dealer’s website.
Precious metals held in IRAs can be stored at either of two International Depository Services locations: New Castle, Delaware or Toronto, Ontario. As wholly-owned, independently-operated units of Dillon Gage, both centers are designed to meet the custody and distribution needs of institutional and individual investors, and they are managed by metals professionals with decades of financial experience.