FREQUENTLY ASKED QUESTIONS

No taxes apply when purchasing precious metals with IRA funds, provided they are shipped to a depository in a state with no sales, storage or administration tax. Currently precious metals shipped to the Delaware Depository in Wilmington, Delaware incur no sales, storage or administration tax. 

We cover storage and custodian account fees for the first year. Afterward our current annual fee of $195, which may change over time, covers both the custodian account and storage. Remember, account fees are tax-deductible. 

We operate on a classic retail model, buying precious metals wholesale and selling them retail, which allows us to earn profits while providing value to our clients.

For cash purchases, the minimum is $20,000, and for IRA purchases, it's $50,000.

Our price match guarantee and transparent price breakdown is offered on all of our products. If you find a current lower price on a competitor’s website, we will match that price upon request. Please note that the product must be identical to the competitor’s product by classification, name, size, weight, and quantity. 

The price of precious metals can vary each day, so it is necessary to speak with your Red State Gold representative to get the most up-to-date pricing on our products.

Yes, we provide special promotions, including free silver on qualified purchases during certain times of the year, and always offer free silver for qualified referrals through our referral program.

Simply write a check or send a wire for your selected metals. We'll ship directly to you within a 28 day period after we verify receipt of good funds, which covers your rescission period, and delivery times. We cover shipping and insurance to ensure your complete peace of mind.

You're acquiring physical metals. Our focus is strictly on tangible products, keeping you clear of paper or digital forms.

We cannot provide you with an allocation recommendation. The amount you allocate to gold and silver should be tailored to your individual objectives and the specific reasons you're considering diversification. It's a decision that should reflect your personal investment strategy.

You always have the ability to take physical possession of your metals. Cash purchases allow for immediate possession, while metals bought through retirement accounts are stored in a depository to meet regulatory requirements up until you’re ready to make a distribution. You can request physical delivery at any time, though that will incur the taxes just like your typical distribution.

For IRA metals, we recommend the Delaware Depository due to its high security, insurance coverage, and compliance with regulations, ensuring your metals are safe and sound. Additionally, there are other reputable storage options across the country that offer similar security and insurance benefits.

Most depositories store fungible precious metals on a non-segregated basis. You may choose to pay a higher charge for storage on a segregated basis, in which case you can schedule an appointment to personally see your metals at the depository.

The 1930s gold collection was tied to the Great Depression's economic strategy, with currency backed by gold reserves. Today's currency system, not linked to gold, virtually eliminates the need for such government actions. A return to a gold standard, prompting government gold collection, would require significant global financial changes, an unlikely scenario with clear precursors. This modern economic setup inherently protects personal gold holdings. In our view, any concern over another such gold recall should not factor into your purchase decision. 

We provide 2-day shipping after verification of good funds, your state’s specific rescission period and the depository’s assaying and inspection procedures. In compliance with regulations, we guarantee the delivery of your precious metals within 28 days after verification of good funds. 

We use third-party grading services to meticulously verify the purity and quality of all our metals, and only provide metals that are .999 fine quality or higher. That is not only an IRA regulation but our company standard. We exclusively source from reputable major exchanges and government mints which further guarantees the legitimacy of your precious metals.

While you cannot eat your current portfolio either, luckily more and more states are coming on board authorizing gold and silver as legal tender for day-to-day purchases. 

The reason most people are diversifying into physical precious metals is to have true ownership of something intrinsically valuable and tangible.  

Our guidance is not to pursue gold and silver with the sole aim of financial gain. Yet, Precious metals are generally considered to be uncorrelated to economic downturn. Their principal advantage lies in acting as a reliable store of value, but they also present the potential for profit under certain conditions.

The law prohibits us from guaranteeing to buy back precious metals from you. But we strive to maintain a commission-free buy-back commitment, offering you competitive buy-back pricing. If you wish to sell your precious metals in the future, please contact us for current buyback pricing. 

Unlike local coin shops, we operate on a national scale, offering you unparalleled access to a diverse selection of metals, faster and more efficiently. With us you get a thorough education on your options, and the comfort of knowing you’re not stuck figuring it out on your own. We offer transparent pricing and a price match guarantee. 

Simply put, your typical retirement account often limits you to traditional investments and doesn't allow the ability to hold physical precious metals. By setting up a self-directed IRA you can diversify beyond the usual market assets. 

Transferring assets typically takes 3-10 business days, mainly influenced by the promptness of your current financial institution. The overall process's speed is also determined by your eagerness and schedule. We focus on efficiency, security, and keeping you well-informed, ensuring a smooth transition without rushing.

You're likely eligible for IRAs and annuities if your account is loan-free. For 401k and similar plans (403B, TSP, etc.), qualification requires being over 59 ½ or holding the account with a previous employer. Please call for assistance if you have a pension, CDs, or deferred compensation plan. 

9 times out of 10 your financial advisor’s institution does not even provide physical precious metals. 

Absolutely. Not only will you have an online custodian portal that you can access to check your account and make changes, but you can opt into receiving electronic or paper statements if you prefer.

Your online custodian portal will show you exactly what’s going on with your metals at any given time.

Absolutely! Should you wish to modify the ratio or types of metals in your possession, we're here to help facilitate those changes, ensuring your portfolio aligns with your current preferences. 

So long as you are not taking required minimum distributions (RMDs), you may continue to contribute to your IRA. You can also transfer or roll over additional funds from other qualified retirement vehicles at any time. 

To simplify the process for you, we seamlessly work alongside your Self-Directed IRA custodian to facilitate a hassle-free experience. Whether you prefer your RMD in cash, or as physical metals, we've got you covered. A 1099 form will also be provided by your custodian, perfectly organized for your CPA to streamline your financial records. Curious about receiving metals directly? Reach out, and we'll gladly walk you through the details.

Should anything happen to you, rest assured, your Gold IRA is designed to smoothly transition to your beneficiaries. They will gain full access to the account, mirroring the way you've managed it. Our team will guide them through understanding the holdings, the specifics of their inherited account, and all available benefits and options. We're committed to providing comprehensive education on the strategic approach you've chosen, ensuring they feel confident and informed moving forward.

We are a retailer who sells you precious metals that you select for your self-directed IRA. On the other hand, your custodian, a regulated financial institution, plays a pivotal role in safeguarding your investments. They not only provide a secure vault for your physical metals through a licensed third-party depository, but also ensure your Gold IRA adheres to all IRS regulations, maintaining the legal and operational framework of your account.