Precious Metals IRA Account  |  Establish A Precious Metals IRA  |  Retirement Planning  |  Rollover Existing IRA  |  Precious Metals IRA FAQ

Frequent IRA Questions

Q. Can a person have more than one IRA?

A. You may have more than one IRA. However, the maximum deferred annual contribution is currently $5,000 (USD), if you are less 50 years old and couples younger than 50 can contribute up to $10,000 (USD). Individuals approaching or over 50 can contribute up to $6,000 (USD) and couples over 50 can contribute as much as $12,000 (USD).

Q. Can I transfer money from an existing IRA account to fund my Precious Metal IRA, without incurring any tax penalties?

A. If you have an existing IRA or 401K the easiest way to set up a new Precious Metal IRA is by Direct Roll – Over. You transfer the amount you want to spend into a new IRA and there are no tax penalties. Your IRA custodian knows exactly how to do this and they will facilitate the process.

Q. What types of IRA’S are eligible to rollover?

A. All IRA’s (Standard IRA, Roth IRA and SEP IRA) can have a direct roll-over. You can speak with your IRA custodian for details or any limitations.

Q. Can I open a new IRA with cash?

A. Yes, you can open a new IRA with cash. However, the maximum deferred annual contribution is currently $5,000 (USD), if you are less 50 years old and couples younger than 50 can contribute up to $10,000 (USD). Individuals approaching or over 50 can contribute up to $6,000 (USD) and couples over 50 can contribute as much as $12,000 (USD).

Q. Does APMEX have a minimum dollar amount for an IRA purchase?

A. Yes, the minimum amount for an IRA purchase from APMEX is $1,000 (USD).

Q. Is there a minimum dollar amount when I wish to sell my IRA held metals back to APMEX?

A. Yes, when you sell your precious metal products to us, even from an IRA account, our minimum purchase amount is $1,000 (USD).

Q. What is the difference between investing in a Precious Metal IRA and owning a precious metal ETF?

A. Having precious metals in your IRA means that you actually own precious metals, even though these metals are held in safekeeping by your IRA custodian. ETF’s are still a paper security, meaning that you do not own the physical metal. With ETF’s you cannot take physical delivery unless you own more than 100,000 (USD) shares of the ETF. Physical precious metals values have never gone to zero, however, due to the legal structuring of an ETF, you could potentially lose all of your invested money if the ETF is valued at zero.

Back to IRA's