No! Encore Gold offers free shipping. Furthermore, all packages we ship include insurance and tracking at no additional cost. You can track your package from your door to the depository and everywhere between. Customers can rest easy knowing their metals are fully insured in the rare occurrence of loss or damage during shipping.
No. Our only part of the IRA contribution process is selling the actual metal to the custodian, which we do at our normal rates with no commissions or surcharges added.
We have a $100 minimum that applies to all orders. That being said, most IRA purchases will exceed this amount.
Fees vary depending on the size of your account and the metal holdings in your depository. Please contact either your IRA custodian or your depository of choice to learn more about fee structures.
We do not provide investment advice, but many of our clients prefer self-directed precious metals IRAs because they are backed by real, physical, segregated metal, whereas an ETF like GLD which is only backed by a pool of gold holdings and positions.
You can liquidate or take possession of your metals at any time, but this is considered a distribution, and there may be tax implications involved. We recommend speaking with a tax professional before making this decision.
No. As part of the IRS’ rules regarding precious metals IRAs, Encore Gold MUST ship the products to an approved IRA depository, which then holds the metals until the time you are ready to liquidate the position.
Yes, you may be subject to IRA contribution limits depending on your type of IRA and income levels. Please consult with your IRA custodian to learn more about your potential contribution limits.
Investors can expect to see significant tax savings by investing in precious metals using an IRA vs. investing outside an IRA. Please see the section above to learn about the tax benefits of using a traditional or ROTH IRA to invest in physical precious metals.
All depositories, including First State Depository, provide full accounting and reporting services to insure your metals are safe and counted. All precious metals are separated from other customers’ metals at no additional cost, and are insured for their full amount.
Once your precious metals arrive at the depository they will be fully insured. As an added protection, we also insure each mailing we ship out in the very rare occurrence that a package becomes lost or damaged.
Once your order is placed and your funds have cleared our bank account, the metals ship from our facility within 1-5 business days. Depending on the carrier and the mail service, it can take an additional 1-5 business days to arrive at the depository.
Yes, an individual is allowed to have more than one IRA account. However, your total yearly contribution will remain at the same maximum no matter how many IRAs you have.
In the case of a 401k rollover, your funds are generally paid directly to you. Once you have the funds in your possession you have 60 days to transfer them into your new self-directed IRA account. If you do not do so within this 60-day period, you may be required to pay taxes. In order to fully understand these rules, we recommend talking to a tax advisor before transferring any IRA funds.
This will vary based on which custodian you choose. If you are using New Direction IRA it can take 1-2 business days to open your account once they receive your application. After your account is set up you will then have to fund it which can take up to several weeks.
Yes. Your self-directed IRA custodian can help you arrange to rollover or transfer your existing IRA into a precious metals IRA. We are not able to help set up the actual IRA, but we can recommend custodians to consult.
To qualify as an IRA-approved product, precious metals must meet minimum fineness levels. The American Gold Eagle is the only exception to the following numbers. Minimum gold fineness: .995. Minimum silver fineness: .999. Minimum platinum fineness: .9995. Minimum palladium fineness: .9995. Any products falling outside of these ranges, excluding American Gold Eagles, are not approved for IRA contributions. Examples of non-approved precious metals products include pre-1933 gold, gold Krugerrands, and 90% US silver coins.
If you plan to take physical delivery, you can either store them at home in a safe or you can store them at a safety deposit box at your bank. The other option is to use a privately owned third party insured depository. We can help you with that decision.
This depends on the amount of money you are going to move into precious metals and what your plan is for taking delivery. We can discuss this in greater detail together.
Market conditions inform us when to sell and when to save our precious metals. For example, the Dow to Gold ratio provides some guidance with making the decision.
There may be no need to do anything unless you feel they are at risk and vulnerable. There are several steps that can be taken to ensure that a vulnerable person can be protected from predatory sales tactics.
There are often multiple family members involved in settling the estate, and each estate has its own special situation. Consider your family’s advice, but if you still have questions, are happy to advise and assist you once we learn the details of your situation. Click here or call us at 1-877-563-8736 to get started.
Many people in the financial markets simply do not understand precious metals or the role they play. There is some natural rivalry between stocks/bonds and other investment forms. Also, some professionals are prohibited contractually from discussing precious metals. We can assess the larger economic picture with you.
It is very difficult to determine if you have been taken advantage of or not. Sometimes naturally shifting market conditions can be misinterpreted between sellers and buyers. The key is to have solid facts of your current situation so you may decide what best to do. We can help you with this.
It depends on your current needs and how those holdings are currently valued. It may prove beneficial not to liquidate if you don’t have to. But if there are pressing financial needs forcing you to liquidate, we can decide how best to sell for maximize proceeds and tax benefits. It could be wise to do sell incrementally instead of liquidating all at once. We can plan the frequency and duration of incremental liquidation with more information.
Precious metals aren’t for everyone. Each individual has a unique situation that will play a role in determining if precious metals make sense to own. It is worth exploring together. Click here or call us at 1-877-563-8736.
We have helped many customers with making this decision. There are a few factors involved in making an informed decision which we will be happy to help you with. Simply contact us at a time of your convenience and we can work towards a decision together.