Look for gold and silver IRA companies with a good reputation, transparent fee structure, and excellent customer service. Ensure they offer a variety of IRS-approved precious metals and have secure storage options. Reading reviews and checking their standing with the Better Business Bureau can also provide valuable insights.
Can I hold physical gold and silver in an IRA?
Yes, you can hold physical gold and silver in a self-directed IRA. However, the metals must meet IRS purity standards and be stored in an IRS-approved depository. You cannot take personal possession of the metals while they are in the IRA.
Are there risks involved with gold and silver IRA holdings?
Like all growth, precious metals IRAs carry risks, including market volatility and potential changes in regulatory policies. Additionally, there are costs associated with storage and insurance. Diversifying your portfolio and consulting with a financial advisor can help mitigate these risks.