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Speak With a Precious Metals Representative
Frequently Asked Questions About Gold, Silver & Retirement Accounts
Whether you’re considering a Gold IRA rollover, purchasing physical gold and silver, or selling precious metals you already own, American Gold Group is here to help you better understand the process. Below you’ll find answers to some of the most common questions about precious metals, retirement accounts, purchasing, storage, delivery, pricing, and liquidation.
What does American Gold Group do?
American Gold Group helps individuals purchase and sell physical gold and silver and assists customers who choose to purchase eligible precious metals through self-directed retirement accounts.
For retirement account transactions, American Gold Group helps coordinate the precious metals portion of the process while independent custodians and depositories handle their respective account administration and storage responsibilities.
How does a Gold IRA rollover work?
A Gold IRA allows certain eligible precious metals to be held within a self-directed Individual Retirement Account.
Generally, an account is established with an independent custodian, eligible retirement funds are transferred or rolled over, and the account holder directs the purchase of eligible precious metals. The metals are then held at an approved depository for the benefit of the IRA.
American Gold Group can help explain the precious metals purchasing process and coordinate with the parties involved.
Can I roll over a 401(k) into a Gold IRA?
Certain 401(k) plans may be eligible for rollover into a self-directed IRA that can hold eligible precious metals. Eligibility depends on the type and status of the retirement plan and applicable requirements.
An independent IRA custodian or plan administrator can determine whether a particular account is eligible for a rollover or transfer.
What types of retirement accounts may be eligible for a rollover or transfer?
Depending on the account and applicable requirements, Traditional IRAs, certain 401(k)s, 403(b)s, 457 plans, TSP accounts, and other qualified retirement accounts may be eligible for a rollover or transfer.
Eligibility should be confirmed with the retirement plan administrator or independent custodian.
What types of gold and silver can be held in an IRA?
Certain gold and silver coins and bullion products that meet applicable requirements may be eligible to be held within a self-directed IRA.
Not every precious metals product qualifies for IRA ownership. American Gold Group can provide information about available products, while the independent custodian administers the retirement account and its applicable requirements.
Where are precious metals held in a Gold IRA?
Precious metals purchased through an IRA are generally held at an approved depository while they remain within the retirement account.
The custodian maintains the retirement account records, while the depository is responsible for the physical storage and security of the metals.
Can I take physical possession of metals from my IRA?
Distributions of precious metals from an IRA may be possible, subject to applicable retirement account and tax requirements.
Because IRA distributions may have tax consequences, customers should consult their custodian and, when appropriate, an independent tax professional regarding their individual circumstances.
Can I buy physical gold and silver without opening an IRA?
Yes. A retirement account is not required to purchase physical precious metals.
American Gold Group offers physical gold and silver for direct purchase and delivery, subject to product availability.
What types of gold and silver products does American Gold Group offer?
Available products may include widely recognized gold and silver bullion coins and bars from government and private mints.
Product selection and availability may change depending on inventory, market conditions, mint production, and demand.
Is my gold and silver insured during delivery?
Eligible direct-delivery orders can be securely packaged and shipped using insured delivery.
Specific shipping procedures, insurance coverage, and delivery requirements can be explained before an order is completed.
How is the price of gold and silver determined?
Gold and silver market prices fluctuate throughout the trading day. The price of a physical precious metals product may also reflect factors such as the specific product, availability, market conditions, and the dealer’s applicable spread or premium.
The transaction price is established before an order is confirmed.
What is the difference between the spot price and the price I pay?
The spot price is a market reference price for gold or silver. Physical coins and bars are generally purchased above spot because the transaction price includes an applicable dealer spread or premium.
The amount can vary depending on the product and market conditions. American Gold Group provides applicable transaction pricing before an order is confirmed.
Will I know the price before I agree to purchase?
Yes. The applicable transaction price is provided before an order is confirmed.
Because precious metals prices can fluctuate throughout the trading day, pricing may change until a transaction is confirmed.
Can I sell gold or silver to American Gold Group?
American Gold Group may purchase qualifying gold and silver from customers who wish to sell their metals.
Purchase availability and pricing depend on the product and market conditions at the time of the transaction. Future repurchase availability or pricing cannot be guaranteed.
How is the price determined when I sell my metals?
The price offered for precious metals may be based on factors including current market prices, the type and quantity of metals, product condition, liquidity, and prevailing market conditions.
A purchase price can be provided for review before a transaction is finalized.
How do I sell or liquidate precious metals held in an IRA?
When precious metals are held within a self-directed IRA, a sale is generally coordinated through the IRA custodian.
The account holder provides the appropriate direction, and the transaction is processed according to the custodian’s procedures.
How long does a Gold IRA rollover typically take?
Timing varies depending on the institutions involved, account documentation, verification, funding procedures, and processing times.
American Gold Group can help coordinate the precious metals portion of the transaction once funds become available.
Does American Gold Group provide financial, investment, tax, or legal advice?
No. American Gold Group is a precious metals dealer and provides information regarding precious metals products and transaction processes.
American Gold Group does not provide individualized financial, investment, tax, or legal advice. Customers make their own purchasing decisions and should consult an appropriate independent professional regarding their individual circumstances when necessary.
Can the value of gold and silver go down?
Yes. Gold and silver prices fluctuate, and the value of precious metals may increase or decrease over time.
Past performance does not guarantee future results.
Is there any obligation to speak with American Gold Group or request information?
No. You are welcome to ask questions, learn about available products, and understand how the process works without any obligation to purchase precious metals or open an account.
