How to Open Your Precious Metals IRA in 3 Easy Steps!

Open Your Self-Directed IRA Account

If you want to protect your retirement assets, there is no better way than a self-directed precious metals IRA! This is your chance to be your own “central bank” and hold the same assets as global central banks: certified investment-grade gold and silver bullion!

1. Open Your Self-Directed Precious Metals IRA:

It begins with your decision to open a “self-directed” precious metals IRA. The process is simple and begins with the application. Our IRA-qualified advisers can help you with questions and submissions to the precious metals IRA custodian. The application can be completed in minutes and is the first step to protecting your retirement assets with certified investment-grade precious metals from the world’s leading sources, including the US Mint, Royal Canadian Mint, and Australia`s highly popular Perth Mint. There are also several private mints that provide qualified products.

2. Get Your Self-Directed Precious Metals IRA Funded:

After your new self-directed IRA account is open, it’s time to fund it! If you are funding the account, the custodian will provide funding instructions. (for accounts over $10,000.00, we recommend a bank wire). If you transfer or roll over from an existing IRA, the custodian will submit an investment direction form (IDF) to the custodian where your IRA is currently held. Most custodians accommodate with electronic signature, otherwise, you will need to print, sign, and fax to your new self-directed precious metals IRA custodian.

3. Choose the Metals You Want in Your Precious Metals IRA:

After the new account has been funded, it’s time to decide which precious metals you want to put into your new account. The custodian will contact us and let us know your new account has been funded. At this time, one of our advisers will contact you and assist with the purchase of the metals you want held in the new account. Private Bullion has a wide variety of eligible products that are allowed in the precious metals IRA. After the metals are purchased, Private Bullion will provide you with a copy of the invoice that is also sent to the custodian.

Why Opt for a Precious Metals IRA?

Investing in precious metals via an Individual Retirement Account (IRA) offers numerous advantages, primarily centered around tax benefits. The specific tax advantages hinge on your choice between a traditional IRA and a ROTH IRA.

Traditional IRA:

  1. Tax Deductions: Traditional IRAs permit investors to contribute pre-tax money, which is tax-deductible, into their accounts. This tax advantage can potentially lower your current tax bracket.
  2. Tax-Deferred Growth: The funds in a traditional IRA can grow over time without incurring immediate taxes, allowing for compound growth.
  3. Higher Investment: Since taxes are not deducted from your initial investment capital, you can invest more money in your traditional IRA.
  4. Eligibility: Traditional IRAs are an option for investors in higher tax brackets who may not qualify for a ROTH IRA.
  5. Early Withdrawals: In specific situations like a first home purchase or medical bills, early withdrawals can be made without penalties.
  6. Tax Rate Consideration: Opt for a traditional IRA if you expect your retirement tax rate to be lower than your current tax rate.


  1. Tax-Free Withdrawals: With ROTH IRAs, you contribute post-tax money, and your investments grow tax-free. When you reach retirement age (currently 59.5) and your account has been open for at least 5 years, you can withdraw funds without any taxation.
  2. Upfront Tax Payment: By paying taxes upfront on contributions, ROTH IRAs ensure that qualified withdrawals in the future are tax-free.
  3. No RMDs: ROTH IRAs do not have Required Minimum Distributions (RMD), providing flexibility in managing your retirement funds.
  4. Investor Age: Even if you’re over 70.5, you can continue to contribute to ROTH IRAs.
  5. Tax Rate Consideration: Choose a ROTH IRA if you anticipate your tax rate at retirement to be higher than your current tax rate.

New vs. Existing IRAs:

Our self-directed IRA custodian partners can help you establish new IRAs or facilitate 401(k) rollovers or the transfer of existing assets. It’s crucial to execute IRA transfers or rollovers correctly, as errors can trigger substantial tax consequences. Our experienced IRA custodians are available to assist you seamlessly and accurately.


Open Your Self Directed IRA Account

If you want to protect your retirement assets, there is no better way than a self-directed precious metals IRA! This is your chance to be your own “central bank” and hold the same assets global central banks do, certified investment-grade gold and silver bullion!

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