Professional & Experienced
Our professionals are experts in this industry, and they are dedicated to providing you with the best experience possible.
3 Easy Steps to Get Started with your SDIRA
2. Fund The Account
After your account is set up, you’ll need to deposit funds into the account. The minimum required to start an SDIRA is $25,000 USD.
3. Choose Your Metals
Finally, come into the California Gold & Silver Exchange to talk to our experts about which precious metals you would like to store in your IRA. We will make recommendations and answer any questions you may have about gold or silver investments.
What is a Self-Directed IRA?
A self-directed IRA (sometimes called a “Gold IRA”) is a retirement account that enables you to exercise your own discretion to select the assets that you invest in and hold in your IRA, including real estate, private equity, private lending, precious metals, and other assets permitted to be held in an IRA. All investment decisions and directions in your self-directed IRA are made exclusively by you or a designated third party, such as an investment advisor or power of attorney that you appoint.
What precious metal items are APPROVED/NOT APPROVED for SDIRA’s?
IRA approved products must meet a minimum fineness to qualify for the IRA. The minimum gold fineness is .995. The minimum silver fineness is .999, the minimum platinum fine is .9995, and the minimum palladium fineness is .9995. The ONLY exception to this is the American Gold Eagle. The American gold Eagle and the American Gold Buffalo are allowed in the Self-Directed IRA. Some examples of non-approved precious metals products include gold Krugerrands, pre-1933 gold coins, 50 Peso Mexico Gold Coin and 90% US Silver Coins.
What types IRA’s are eligible to transfer or Rollover?
All IRA’s (Roth, Traditional, SEP, SIMPLE, Solo) are eligible for direct rollover. Ask your IRA custodian (Equity Trust) for more details.
How long does it take to roll over an existing IRA/401K?
It can take up to 1-2 business days to open your account once receiving your application. After your account is set up you will have to fund that account, which can take a few days to a few weeks.
Are my metals insured at the depository?
Yes. Once your precious metals arrive at the depository they will be fully insured.
Will I ever be able to take physical possession of my precious metals?
You can take possession or liquidate your metals at any time, however this is considered a distribution and there may be tax implications involved. We recommend speaking with your CPA or tax professional before making this decision.
What are typical custodian maintenance fees and storage fees?
Fees will vary depending on the value of the metals in your account. Fees are determined by Equity Trust. Here is the link to their fee schedule. Equity Trust Custodial Account Agreements (trustetc.com)
Do you have a minimum IRA purchase amount?
Yes, the minimum amount for an IRA purchase is $25,000.
Do you charge commissions as the dealer for IRA precious metal purchases?
No. We charge our normal premiums as we would for physical metal in our store front with no extra commissions or surcharges.
Can I transfer money from an existing IRA account to fund my precious metal IRA without incurring any tax penalties?
Yes, An existing IRA or 401k account can be transferred to a Self-Directed IRA account without any tax penalties. Equity Trust, the custodian, are happy to help you with a transfer or rollover in a seamless manner.
Should I rely on this website for tax or legal advice and/or financial advice?
California Gold and Silver Exchange can not provide tax or legal advice, nor will we advise on the tax or legal consequences of buying or selling precious metals or opening a precious metals IRA. Furthermore, it is up to you to do your own research on the advantages/disadvantages of a self-directed IRA. We are not financial advisors and cannot provide financial advice.
Are there precious metal products that are better than others?
Yes, we recommend the most common and popular items like the American Gold Eagle, American Gold Buffalo, Canadian Gold Maple Leaf, Australian Gold Kangaroo, or Great Britain Gold Britannia. For silver we recommend American Silver Eagle, silver rounds, silver bars and popular silver coins like the Canadian Maple Leaf, Australian Kangaroo, Great Britain Britannia, or the South African Silver Krugerrand. We do not recommend proof gold or silver coins, collectable bullion coins, or modern graded gold or silver coins.
Gold Coins We Recommend For Your SDIRA:
American Gold Eagle
American Gold Buffalo
Canadian Gold Maple Leaf
Australian Gold Kangaroo
Great Britain Gold Britannia
Why Choose Gold for an SDIRA?
There are many benefits to choosing gold as an asset for your SDIRA. With an SDIRA, you can choose gold coins, bullion, bars, or all three as part of your investments. However, there are other reasons you should choose gold as an asset including:
- You can choose to use pretax or after-tax dollars through a special custodian or through your broker.
- The IRS allows you to purchase gold in any approved physical forms to use as an investment.
- These accounts are separate from any regular IRAs you have set up.
A gold SDIRA requires that you actually purchase the physical gold, and then store it as part of the investment. Usually your custodian, a bank or brokerage, will manage your account and keep track of all of the assets that you include in your account.
How Does It Work?
A gold SDIRA requires that you actually purchase the physical gold, and then store it as part of the investment. Usually your custodian, a bank or brokerage, will manage your account and keep track of all of the assets that you include in your account. California Gold and Silver can act as your custodian for storing the precious metals you choose to invest in. Talk to your financial advisor before deciding if an SDIRA is right for you.
What Are the Risks of Using Gold as an SDIRA?
As with any type of investment, there are some risks involved when it comes to investing in gold and choosing an SDIRA in general. Some things you should keep in mind are:
- The price of gold is constantly fluctuating.
- SDIRAs often carry higher fees than regular IRAs because they require you to purchase and store physical assets.
- The IRA puts a limit on annual contributions you can make to your SDIRA.
Keep these risks in mind when you are deciding if an SDIRA is right for you. You should always talk to your financial advisor or CPA before making any decisions about your finances.
How to Get Started
You can easily get started with your SDIRA at California Gold and Silver Exchange. Simply come into our office and fill out a form to start investing in your future. Be sure to talk to your financial advisor before making any monetary decisions.
2. Fund The Account
After your account is set up, you’ll need to deposit funds into the account. The minimum required to start an SDIRA is $25,000 USD.
3. Choose Your Metals
Finally, come into the California Gold & Silver Exchange to talk to our experts about which precious metals you would like to store in your IRA. We will make recommendations and answer any questions you may have about gold or silver investments.
Why us?
Highly Rated Gold Dealer
We are highly rated on Google and Yelp because we are fully transparent with our customers and have a no-pressure selling process. We will gladly give you a free estimate, and we test your gold right in front of you. No tricks, no scams.
On-Site Purity Testing
We can test the purity of your gold right from within our store, and we do it in front of you, so you get instant results with full transparency.
Family Owned & Operated
We are proud to be a family owned and operated business. Our owners have grown up in the gold and silver industry, and our father owned a gold business in California for over 40 years. We are familiar with all things gold and will treat you like family too.
Authorized, Certified Dealer
We are authorized to buy and sell gold in the state of California and are recognized by PCGS and the NGC. Our scales are certified on an annual basis by the San Bernadino County Agriculture Weights & Measures.
No Sales Tax on $2000+ Orders
When you spend $2,000 or more, we will not charge sales tax. This is a great way to save money when investing in precious metals. Sales under this amount are required by the State of California to charge the current sales tax rate, which is 7.75%.
California Gold & Silver Exchange Is One Of The Most Trusted Gold Dealers in California
Maria and Amira are the best so nice and very polite my wife brought a ton of jewelry she didn’t want anymore and Amira and Maria took very good care of us and paid us the max that they could which wasn’t bad at all. My wife was pleased with the sale. I would definitely recommend this family-owned place to anyone looking to sell any gold or silver to them.
Honest, fair and helpful. Maria, Amira and Michael, inform and educate their customers. They have the equipment to give you a straight-up breakdown of what your ring or necklace or coin is composed of. They will show you the up-to-date value of any metal. Everything is above board with these folks. I’ve never seen them on the wrong side of an argument. Buying or selling, they do honest and fair business.
These people will never do you wrong. They are so honest and helpful and really attentive. They also have fair prices and honestly what they provide in service in terms of trust and accountability is why I still choose them even when other places might have a better price at times. There is no price on trust and I’m so glad I found them.
California Gold & Silver Exchange Is Officially Accredited & Authorized,
An SDIRA allows you to use assets such as precious metals, private placements, tax lien certificates, real estate, and other alternatives. At California Gold and Silver Exchange, we can help you decide which precious metals are the best to use in your SDIRA. Our focus, of course is on gold, and we can help you decide which gold assets are the best to add to your SDIRA.
Reasons to Use Gold as an Asset for your SDIRA:
- Gold is a truly unique and valuable investment.
- The most trustworthy investment.
- Gold acts as a hedge against inflation.
- Gold is easy to sell.
- Gold can diversify your portfolio.
- Billionaires like to invest in gold.
- Throughout history, gold has been seen as a special and valuable commodity.
- Gold has a long history, literally thousands of years, of holding it’s value.
- Gold can also provide financial cover during geopolitical and macroeconomic uncertainty.
- Gold mining has produced less gold over the past decade, increasing prices.
- Global demand for gold is increasing, both by emerging nations, and by investors.
Get notified if the price of gold goes up or down. Also, we will inform you about promotions we are offering. Check the box if you would like schedule a private with our expert gold dealers.
What is the most popular type of gold?
- 14k gold is the most common type of gold used in jewelry. 10k, 18k, and 24k are also commonly found in jewelry. Yellow gold, white gold, and rose gold are popular gold colors. Popular fills of gold are plated, vermeil, filled, and solid. Gold-plated items have a thin layer of gold on them, gold vermeil has a slightly thicker layer and won’t tarnish, gold-filled is the thickest layer without being solid gold, and solid gold is comprised fully of gold. We do not buy gold-plated items but will buy most gold-filled items. We do pay accordingly for the 18, 21, 22 or 24 karat gold. We play no games at CGSE. We test everything in front of our clients and we will gladly show you our scales with the exact weight of your gold and/or silver. We will give you a free estimate and there is no pressure to sell.
How much is gold worth? Gold Price Examples at the time of writing:
- Gold Coins – $1,991.82
- Gold Bullion (1 troy ounce) – $1,945.08
- Gold Bars – $1,917.97
- Gold Ingots – $1,851.00
- Gold Scrap (per gram of 14k) – $32.53
- Gold Jewelry (14k per pennyweight)- $51.59
Currently, one ounce of gold is worth $1855.90. 10 years ago, it was worth $1394.75. And in the future 10 years, it is forecasted to be worth $17,000.
What are my payment options when purchasing?
- We accept cash, wire, or personal check. If you would like to pay by cash, you can take home the product the same day. For personal check or wire, we require a 10% cash deposit which allows us to lock in the price. Whether the price goes up or down, you are locked in. The balance may be paid by personal check or wire. We require a driver’s license with matching check for check purchase. You can pick up your items between 5-10 business days after the check clears the bank. For wire purchases, you can pick up the product within 1 day of us receiving a cleared bank wire. Please call us for more information on purchasing with check or wire.
How do I know the coins I buy are real?
- Every item we purchase is tested with our Sigma Metalytics Precious Metal Verifier. It would be our pleasure to show you have we test gold and silver.
What is the difference between a troy ounce and a regular ounce?
- A troy ounce has 31.1035 grams. A regular ounce has 28 grams. Gold and silver is measured in troy ounces.
