Open or create a custodian account
(see section below for options)
Many individuals are funding a self-directed IRA with gold, silver, and platinum bullion bars and coins. Diversifying your investment portfolio with precious metals is a smart way to balance and improve the overall performance of your retirement portfolio. Paper denominated assets like those found in traditional and Roth IRAs and 401Ks can lose value when government fiscal and monetary policy are not sound. Adding a percentage of gold, silver or platinum in a new precious metal IRA can compensate for paper losses.
Regardless of which legal framework you prefer to use as shown in the section below, the process of getting physical precious metals into your 401k or IRA is simple:
Establish a self directed 401k trust or LLC where you are the trustee or owner of the LLC. Fund it from existing 401ks or IRAs. The metal is in YOUR control. There may be annual fees payable to local/state or the federal government. Once funded, you would simply contact us to buy your precious metals.
Establish a self directed 401k or IRA at an existing self directed custodian. Fund it and buy precious metals. The metal must be stored in an IRA approved depository and there are yearly fees associated with management and storage of your account. Once funded, fill out the buy direction paperwork with any of the custodians naming CGS Coins as the dealer. Then contact us and we will coordinate with the custodian in selling the metals into your account and sending to the depository.
A company in Southern California (not affiliated with CGS Coins), called My Solo 401k Financial, specializes in helping you set up the legal structure and all the paperwork needed to establish your own 401k or IRA. Fees range from about $800-$1100. We strongly urge you to review their website and call them to see if this option is right for you. Their contact information is:
My Solo 401k Financial
701 Palomar Airport Road #300
Carlsbad, CA 92011
800.489.7571
business@MySolo401k.net
CGS Coins has partnered with three large national custodians of self directed 401k / IRAs. Please use the links and contact information below to get more information to see if this option is right for you.
The Entrust Group
555 12th Street #1250
Oakland, CA 94607
Toll Free: 877.545.0544
Fax: 775.850.9118
1070 W. Century Drive, Suite 101
Louisville, CO 80027
Toll Free: 877.742.1270
Fax: 303.665.5962
P.O. Box 719
Canyon, TX 79015
Toll Free: 800.486.6888
Fax: 806.655.2530