![]() GoldStar Trust Company makes no recommendations or value judgments.ĭelaware Depository-Delaware (Depository Trust Company of Delaware, LLC) The dealer you buy precious metals from usually determines which depository will be used. Precious metals for GoldStar IRAs are held within one of the depositories below. IRA assets must remain in the custody of the IRA custodian until distribution, which means that you can’t hold them yourself while in the IRA or determine your own storage facility. Better Business Bureau rating: To find a company’s BBB accreditation and rating, type the name into the BBB’s national search tool.Beware of dealers you cannot find information about. Dealer history: Find out any information you can about a company’s history and reputation from their own website as well as a number of different unbiased sources.Dealer affiliations: Is your dealer a member of the Professional Numismatists Guild or the American Numismatic Association? If so, they must abide by a code of conduct and resolve legitimate disputes or lose their membership.Precious metals terms: Be aware of different terms used and what they mean such as spot, bid, and ask pricing.We encourage you to do your own research and educate yourself before making any investment. This entire process typically takes 2-4 weeks or longer depending on how quickly GoldStar receives funds from your resigning custodian(s). After we receive purchase details, the metals are shipped and payment is made from the IRA. Our precious metals department will notify the specified dealer when your account is funded. GoldStar is not affiliated with any precious metal dealers and receives no compensation from investments made for your account.Ĭhoose your precious metals’ dealer, negotiate the price and initiate your purchase by submitting an Precious Metals Investment Direction to GoldStar. You will need to choose a precious metals’ dealer, negotiate the price and initiate your purchase. Rare or collectible coins, including certified or “graded” coins.Bullion coins must be uncirculated in excellent condition. Proof coins must be ungraded, complete with certificate of authenticity and in original mint packaging. 9995 pure to qualify.īars, rounds and coins must be produced by a refiner, assayer or manufacturer that is accredited/certified by NYMEX, COMEX, NYSE/Liffe, LME, LBMA, LPPM, TOCOM, ISO 9000, or national government mint in order to be accepted by GoldStar Trust. 9990 pure, and both platinum and palladium must be. The specific precious metals permitted are: silver, gold and platinum American Eagle coins, a coin issued under the laws of any State, and gold, silver platinum or palladium bullion that meets the minimum fineness requirements.Ĭurrently, gold must be. The allowable exceptions were broadened by the Taxpayer Relief Act of 1997, effective January 1, 1998. Coin or bullion that is not specifically permitted are considered to be collectibles and are disallowed for IRAs. Through a self-directed IRA, diversifying your portfolio is easier than ever.Īn IRA may hold investments in certain precious metals allowed by the Internal Revenue Code. GoldStar Trust is a leading custodian for gold, silver, platinum and palladium bullion. Of course, you can always contact us directly with any questions about a GoldStar account.ĭIVERSIFY YOUR PORTFOLIO WITH PRECIOUS METALS Important information you’ll need to know.ĭue to the highly specialized nature of Precious Metals IRAs, we’ve provided resources below that should answer many of your questions and provide assistance. Our depth of experience and proven expertise in precious metals investments make it easy to own these assets as part of your retirement. GoldStar Trust Company is one of America’s leading custodians for self-directed IRAs specializing in precious metals. ![]() The custodian of precious metal assets must have highly specialized knowledge as well. If you want to invest in precious metals, there are special steps you will need to take. Holding precious metals not as straightforward as other investments. government regulations now allow a considerable range of gold, silver, platinum and palladium bullion and coins to be held as IRA investments. There have always been savers and investors want to hold a portion of their assets in precious metals.
0 Comments
Leave a Reply. |