Open an IRA Account
Open a Precious Metals IRA
Opening a self-directed IRA that permits certain precious metals does not have to feel overwhelming.
Monetary Gold can help explain the general process, identify the forms that may apply to your situation and answer questions along the way.
Ready to begin?
Prefer assistance? Call 888-411-GOLD (4653) to speak with a Monetary Gold representative.
Before You Begin
Having the following information available may make the application process easier:
- Your Social Security number and valid identification
- Your current address and contact information
- Your employment and beneficiary information
- Information about an existing IRA or former employer retirement account
- The name and contact information of your current account custodian or plan administrator, when applicable
The forms you need will depend on how your account is being established and funded. You may not need to complete every form listed on this page.
Understand the Account-Opening Process in 3 Steps
Step 1: Complete Your Application
Provide the information needed for the custodian to review your application and determine whether the self-directed IRA can be established.
Some personal information may be required to verify your identity, maintain accurate account records and satisfy applicable legal and custodial requirements.
A Monetary Gold representative can help you identify which forms may apply to your situation.
Step 2: Fund Your Account
If the application is approved and the account is established, it may be funded through an eligible contribution, IRA-to-IRA transfer, direct rollover or other permitted funding method.
The appropriate process and paperwork will depend on the type of retirement account you currently have, where the funds are held and the requirements of the institutions involved.
Step 3: Provide Purchase Direction
After cleared funds become available in the account, you can provide direction for the acquisition of certain precious metals that meet applicable IRA eligibility requirements.
The metals are then delivered under the custodian’s approved storage arrangement and held on behalf of the IRA in accordance with applicable requirements.
IRA Forms and Documents
Select the form that applies to your situation. A Monetary Gold representative can explain the general purpose of each document and help you identify which forms may be needed.
Precious Metals Application Kit
Use this application kit to provide the information needed for the custodian to review and potentially establish a self-directed IRA that permits certain eligible precious metals.
Interested Party Authorization
Use this form to authorize a designated person or company to receive information about your account without giving that party authority to initiate transactions or make decisions on your behalf.
Complete the Authorization Form
IRA Transfer Request
Use this form to request an IRA-to-IRA transfer from an existing IRA custodian to the receiving custodian.
Transfer eligibility and processing requirements are determined by the custodians involved.
Not sure which form to complete?
Call 888-411-GOLD (4653) and a Monetary Gold representative can help explain which documents may apply to your situation.
What Happens After You Submit Your Application?
1. Application Submitted
Your completed application is submitted through the applicable electronic-signature process to the parties identified within the documents.
2. Application Under Review
The custodian reviews the information provided and may request additional information, clarification or documentation.
3. Custodian Decision
The custodian determines whether the application can be approved and the account established. Submission of an application does not guarantee account approval.
4. Account Established
If approved, the custodian establishes the self-directed IRA and may provide confirmation and account-access information.
5. Funding Initiated
An eligible contribution, IRA-to-IRA transfer, direct rollover or other permitted funding method may then be initiated.
6. Purchase Direction Submitted
After cleared funds become available, the customer may provide direction for the acquisition of certain eligible precious metals.
7. Metals Delivered for Storage
Metals acquired through the IRA are delivered under the custodian’s approved storage arrangement and held on behalf of the account in accordance with applicable requirements.
Why Is This Information Requested?
The account custodian and other parties involved in processing the application may request personal, financial and beneficiary information to:
- Verify your identity
- Review and establish the account
- Process a requested contribution, transfer or rollover
- Maintain required tax and account records
- Satisfy applicable legal and custodial requirements
- Help detect or prevent unauthorized activity
- Communicate with you about the application or account
Only provide personal information through an official Monetary Gold, DocuSign or custodian-provided application link.
Your Information and Electronic Signature
The online forms are provided through DocuSign and submitted to the parties identified within the applicable documents.
Personal information may be requested to verify your identity, establish and administer the account, process requested transactions, maintain required records and satisfy applicable legal or custodial requirements.
Before entering personal information, confirm that you are using an official Monetary Gold or custodian-provided application link.
Review the applicable privacy notices, account agreements and disclosures to understand how your information may be collected, used, shared and protected.
Before signing, also review the electronic-record and signature disclosures presented with each form.
By consenting to electronic records and applying your electronic signature, you acknowledge that the submitted documents may have the same legal effect as documents signed by hand, subject to applicable law and the terms of those disclosures.
Need Help With the Application?
A Monetary Gold representative can provide general assistance with the application process, including:
- Helping you access the appropriate form
- Explaining the general purpose of each form
- Clarifying general process terminology
- Helping you navigate the electronic application
- Explaining the expected next steps after submission
Customers are responsible for reviewing the documents, providing complete and accurate information, and deciding whether to sign and submit them.
Monetary Gold representatives cannot complete attestations, answer application questions on a customer’s behalf or make account elections for the customer.
Monetary Gold does not provide legal, tax or individualized financial advice. Consider consulting an independent professional regarding your circumstances.
Call 888-411-GOLD (4653) to request assistance.
Common Questions
Do I need to complete every form?
Not necessarily. The forms required will depend on how your account is being established, how it will be funded and whether another person or company needs authorization to receive account information.
Can I transfer an existing IRA?
An eligible IRA may be transferred directly from one IRA custodian to another. Eligibility, documentation and processing requirements are determined by the custodians involved.
Can I roll over a former employer retirement account?
Certain former employer retirement accounts may be eligible for a direct rollover or another permitted distribution and rollover process.
Eligibility and procedures depend on the account type, plan rules and individual circumstances.
When can precious metals be selected?
A customer may generally provide purchase direction after the account has been established and cleared funds are available.
Any acquisition remains subject to product eligibility, pricing, availability and custodian requirements.
Which precious metals can be held in an IRA?
Only certain coins and bullion products may qualify for inclusion in an IRA. Eligibility depends on the specific product and applicable requirements. Not every precious-metals product qualifies.
Where are IRA-owned metals stored?
Certain precious metals held by an IRA must remain within an arrangement that satisfies applicable custodial and physical-possession requirements.
Personal possession by the account owner may result in tax consequences. Customers should review the custodian’s account documents and consult an independent tax professional regarding their circumstances.
How long does the process take?
Processing times vary.
The completeness of the application, the custodian’s review, the transaction type and the institution currently holding the retirement funds can all affect timing.
Monetary Gold does not guarantee account approval or processing times.
Can someone help me complete the application?
A Monetary Gold representative can explain the general process, help you access the appropriate forms and provide navigation assistance.
The customer remains responsible for reviewing the documents, providing accurate information and deciding whether to sign and submit them.
PROOF COIN AVAILABILITY
The United States government issues a limited number of proof coins each year and availability is subject to demand. Ask your Monetary Gold IRA specialist about availability.
One of our Precious Metals IRA Specialists can guide you through the general process of transferring or rolling over an eligible retirement account to a custodian that allows for self-directed IRAs with precious metals, such as Equity Trust, Kingdom Trust, Gold Star Trust Company, Entrust, and many others.