Frequently Asked Questions
Clear guidance, expert insights, and simple solutions to your most important questions.
How do I transfer funds from another retirement account into a Gold IRA?
There are two IRS-approved ways to move retirement funds into a Gold IRA without taxes or penalties: a 60-day rollover or a trustee-to-trustee transfer.
- With the 60-day rollover, your current IRA provider sends a check to your home. You then forward it to Parkview Capital Group. As long as the check is deposited within 60 days, there are no penalties or taxes.
- With the trustee-to-trustee transfer, your current IRA provider sends the funds directly to us, which is usually the fastest option
Our team will guide you through the process and handle the details to make the transfer simple and worry-free.
Do I actually own the metals in my Gold IRA, or just certificates?
You own the actual physical metals. They are stored in an IRS-approved and insured
private storage facility, called a depository. Once you retire (after 59½) or begin
mandatory distributions, you can choose to take physical delivery of your metals or
liquidate them for cash.
Why can’t I hold gold or silver in a traditional IRA?
Traditional IRAs are limited to investments such as mutual funds, bonds, stocks, and ETFs. To own physical precious metals with the same tax-deferred advantages, you need a Self-Directed IRA like a Gold IRA.
Can I contribute to a Gold IRA like I do with a traditional IRA?
Yes. You can continue making contributions, which may be used to purchase more precious metals or diversify into other IRA-approved assets.
What happens when I take a distribution from my Gold IRA?
When you’re ready, contact your Account Executive. You can choose either:
- Cash (funds sent by wire or mailed check), or
- Physical delivery of your metals, shipped securely to you.
IRS rules apply, so withdrawals before age 59½ may come with taxes and penalties. We generally recommend holding precious metals for five to ten years.
How do I track the performance of my Gold IRA?
You’ll receive regular statements from your account administrator. Our team is also available to provide updates anytime, and you can view real-time gold, silver, and platinum price charts on your phone or computer.
How do I set up a Gold IRA and how long does it take?
We’ll assist you through the entire application process and coordinate with your current IRA provider to complete the rollover.
- Opening a Gold IRA and getting an account number typically takes one business day.
- The transfer of funds depends on your current custodian but usually takes one to five business days.
Once funds arrive, your account is ready, and we’ll secure your precious metals
right away.
Do I pay shipping fees for my Gold IRA?
No. All shipments are free, fully insured, and trackable. In the rare event of damage during transit, you are completely covered.
Is there a minimum to start a Gold IRA?
Yes. The minimum initial contribution for a self-directed Gold IRA is $10,000.
What are the storage fees?
Storage fees vary depending on your account size and metal holdings. In some cases, storage may even be free. Contact us for details.
Can I take physical delivery of my IRA metals?
To keep your account in compliance with IRS rules, metals must remain in an approved depository. You can liquidate your IRA and take possession at any time but doing so before age 59½ may trigger taxes and penalties. Always consult with a tax advisor first.
Will I receive the metals at home if I open a Gold IRA?
No. The IRS requires that your gold and silver be stored in an approved depository, such as Brinks Global Services or Delaware Depository. These facilities keep your assets secure until you retire or decide to sell. Be cautious of companies offering “Home Storage IRAs” or “Private Storage IRAs.” The IRS has not clearly approved these options, and they could be ruled invalid in the future,
creating risks for your retirement savings.
Get Your FREE Gold & Silver Information Guide
