Questions to Ask Before Opening a Gold IRA
Use this checklist before signing paperwork or authorizing a rollover.
Account
- Why am I using an IRA rather than buying metal directly?
- Who is the custodian?
- What transaction type will move my existing funds?
Costs
- What are first-year and recurring account fees?
- What is the exact purchase price of each metal product?
- What is today's buyback price for the same items?
Storage and exit
- Which depository holds the metal?
- How is insurance described?
- How do liquidation, cash distributions and in-kind distributions work?
Portfolio
- How much liquidity do I need?
- What percentage of retirement savings would this represent?
- What happens if metal prices fall for several years?