Gold: $1209.47 2018-11-11 07:17:04
Silver: $14.16 2018-11-11 07:17:04
Platinum: $853.67 2018-11-11 07:17:04
Palladium: $1114.67 2018-11-11 07:17:04

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Build A Secure Retirement With Physical Platinum

As the rarest of the three prominent precious metals, platinum is not only an essential element of industry and base metal for the finest jewelry, but also a safe haven for wise investors wishing to protect their hard earned money in these volatile times. Having said that, many investors are still unaware that physical platinum can be included in an IRA, along with the other precious metals options. Platinum is an excellent investment choice because not only is it scarcer than gold and silver but also strong enough to hold its value over the long term. If you would like to diversify your retirement portfolio with platinum, Capital Gold Group can provide you with investment-grade bullion coins and bars, as well as help you to establish an IRS-compliant Platinum-Backed IRA. To find out more about our services, please feel free to reach out to our precious metals experts.

What Is A Platinum IRA Account?

A Platinum IRA is simply an Individual Retirement Account (IRA) that directly owns physical platinum and other precious metals. It is no different than a Gold or Silver IRA in that it’s a Self-Directed IRA. The key difference between a Platinum-Backed IRA and a regular IRA is it gives you the power to invest in platinum coins and bars, along with many different types of precious metals including gold, silver and palladium.

Just like a traditional IRA, a Platinum IRA gives you access to certain tax benefits. However, we must make it clear that not all precious metals products satisfy the conditions set out by the IRS. To be eligible, each bullion coin or bar must meet specific fineness requirements. At Capital Gold Group, we carry a vast inventory of bullion coins and bars that are acceptable, such as platinum American Eagle Coins, Canadian Maple Leafs and British Queen’s Beasts Coins.

In order to establish a Platinum-Backed IRA, you must have a custodian that is willing to hold the account for you. This is essential because your precious metals must be stored in an IRS-approved depository. If you would rather not rely on a custodian, you could open a Home Storage IRA, which still allows you to invest in precious metals but also hold those metals at home or in a safety deposit box instead. This option isn’t for everybody because it means you will need to manage your own IRA.

Platinum-Backed IRA Set-Up Fees

Although set up fees can vary depending on your individual circumstances, the average cost is $250. Here’s a breakdown of all the costs involved in setting up a typical Platinum-Backed IRA:

  • $25 one time set-up fee
  • $100 insured platinum metals storage fee for the first year (accounts up to $250,000)
  • $60 administrative fee
  • $40 platinum purchase processing fee
  • $25 wire fee for domestic investment purchase


There are no hidden fees with a Capital Gold Group Platinum IRA, which is just one of many reasons so many investors choose to work with us to rollover their existing IRAs. Whether you decide to deduct these costs from your transferred funds or make payment by check, debit card or credit card, all set-up fees must be paid to your new custodian, Strata Trust. An annual fee must be paid upfront upon opening the account.

Rolling Over An Existing Ira Or 401k To A Platinum-Backed IRA

Many of our clients prefer to rollover their existing retirement account to a Platinum-Backed IRA. While most accounts can be rolled over, there are certain types that cannot and our IRA specialists will gladly help you to determine whether a rollover is possible with your account. As always, we suggest you speak with your CPA or tax advisor to assess your existing IRA or 401k and find out when is the right time to rollover to a Platinum IRA.

Capital Gold Group’s IRA experts always make rolling over an account simple and straightforward for all clients and can complete the process in just three easy steps:

  1. First, we will set up your new precious metals IRA.
  2. Second, we will carry out a tax-free rollover and fund your new Platinum-Backed IRA with assets from your old IRA.
  3. Third, we will ensure your funds are transferred to your new IRA and give you access to precious metals resources that will help you to achieve your larger financial goals.

Expert Advice On How To Pick The Right Platinum Company

As CEO and President of Capital Gold Group, Jonathan Rose is only too aware that there are many platinum and precious metals companies out there that are not what they claim to be. To help you make wise decisions with regards to platinum IRA investing, Jonathan has shared some useful tips on picking an honest and reliable platinum company.

Research is the key to ensuring you avoid scammers and choose a dependable platinum company. Checking that the firm has a great reputation and at least a decade of industry experience is a good place to start. You also need to find out the following:


  • Is the company an authorized dealer of the United States Mint?
  • Does the business have an A+ rating with the Better Business Bureau?
  • Is the firm licensed, bonded and registered with the attorney general’s office?
  • How many complaints has the company received and were they handled correctly?
  • Is the customer service team helpful and informative or more interested in pushing sales?

Any reputable platinum company will be an authorized dealer of the U.S. Mint and have a top rating with the Better Business Bureau. However, it’s crucial to look at complaints (if there are any) to see what clients have to say about their experience with the company. If most clients have only negative things to say, it’s best to look elsewhere. It’s also important to test the quality of customer service by calling the company and asking a few questions. Whilst you’re on the phone, ask the representative how they plan to keep you informed about your IRA and platinum investments in the future. If it seems as though the agent is more bothered about pushing sales than being helpful and genuine, look for an alternative company.


Why Should I Put Physical Platinum In An IRA?

Platinum is considered a safe haven investment that is an effective hedge against inflation. It’s also found in auto catalytic converters to control emissions, as well as a variety of other products, such as batteries, monitors, and electrodes. Because global manufacturing is growing, demand for platinum is rising and showing no signs of slowing down. As a result of continued rising manufacturing, investors can expect solid returns. Physical platinum is also around thirty times rarer than gold and has more industrial uses than both gold and silver.

Is Platinum The Only Precious Metal I Can Place In A Platinum-Backed IRA?

No, not at all. In addition to platinum coins and bars, you can choose to include gold, silver, and even palladium bullion and certain coins in your Platinum-Backed IRA. To qualify, platinum coins and bars must have a minimum fineness of .9995, as must palladium. The minimum fineness required for gold is .999 and silver is .995. A Platinum IRA is essentially a Precious Metals IRA because any IRA-compliant precious metals can be added to it.

Why Can’t I Simply Add Platinum And Other Precious Metals To My Existing IRA?

It depends on the type of IRA you have. If you already have a Precious Metals IRA, then you can. However, most IRAs only offer traditional assets, such as stocks, bonds and mutual funds. The option to invest in platinum, palladium, gold, and silver is only available from a limited number of trust companies.

Will I Be Responsible For Physically Handling The Platinum In My IRA?

No, the storage and shipment of your physical platinum are taken care of once you’ve purchased your chosen coins or bars. When you choose a Capital Gold Group IRA, your precious metals are stored in a vault at the Delaware Depository. The IRS requires all platinum, gold, silver and palladium bullion to be maintained by a depository and administered by a custodian. Our recommended depository is IRS-approved and will deal with the safe and secure storage of all your investments until you reach 59½.

If you would rather be responsible for physically handling the platinum and other precious metals in your IRA, then you will need to open a Home Storage IRA, rather than a Platinum-Backed IRA. A Home Storage IRA is still a Self-Directed IRA, only it allows for more freedom and you can have your chosen metals delivered to your home. To find out more about this program, please don’t hesitate to reach out to our IRA experts or read the additional information on our Home Storage IRA page.

Will My Ira Phisically Own Precious Metals?

Absolutely. Although your precious metals will be stored in the IRS-approved Delaware Depository, your IRA will always be the sole owner of the assets. Upon taking distributions from the IRA, these precious metals can be delivered directly to you. Nothing and no one can change this.

If I Can’t Handle My Precious Metals Until I’m 59½, How Will I Know They Are Genuine?

For peace of mind, we strongly urge you to only open an IRA with a reputable precious metals company. You’ll need to do some research to find out whether your chosen company is as honest and reliable as they make out to be. Thanks to the internet, it shouldn’t be hard to find out all you need to know about a company before deciding to do business with them. Provided you choose a firm that is licensed and bonded with their state and has a solid reputation, you should be able to rest easy.

When you purchase physical precious metals from Capital Gold Group, we will guarantee your metals for their origin and purity with our in-house digital technology. Not only are we authorized by the United States Mint but we’re also the first precious metals dealer in America to provide a bullion guarantee and certificate of authenticity to our clients when they metals from us. For more information, head on over to our Bullion Guarantee page. You may even schedule a time to view your IRA precious metals at the Delaware Depository.

What’s The Biggest Advantage Of A Platinum IRA?

Most would agree that it’s the substantial tax breaks. As with any IRA, profits are usually tax-deferred and you have the choice to save on taxes now or in the future. You will also have more freedom and flexibility to purchase a greater range of allowable assets. Furthermore, there is no hassle with a Platinum-Backed IRA other than funding your account and choosing which precious metals you would like to invest in.

Can I Transfer A Retirement Account To A Platinum IRA?

Yes. It will depend on the type of retirement account you already have; most traditional IRAs, ROTHs, 401(k)s, Thrift Savings Plans and 403b accounts can be transferred without incurring any taxes or penalties. The process of transferring an existing retirement account to a Platinum IRA is called a “rollover.” Some accounts, however, cannot be rolled over so feel free to contact our IRA specialists to see whether this is possible with your existing retirement account.

Am I Even Eligible For A Platinum-Backed IRA?

As long as you’re under the age of 70½ and have earned income, then yes, you can start a Platinum-Backed IRA.

Is It Really Necessary For A Custodian To Administer My IRA?

Yes, this is a requirement of the IRS. All Self-Directed IRAs must be administered by an approved custodian, whether it is a Precious Metals IRA or not. The custodian will track the assets in your IRA, provide statements, and handle distributions. If you want to know who your custodian will be of your precious metals IRA, it’s Strata Trust or Kingdom Trust. Both companies have extensive experience in custodial administration and have been trusted to provide high-quality services for a number of years now.

Am I Allowed To Purchase Precious Metals From Capital Gold Group Without A Platinum IRA?

You certainly can. Capital Gold Group conducts transactions with precious metals clients, precious metals investors, and collectors. We have a huge range of authentic products available in our vault, from mint state bars and modern coins to bullion rounds and rare collector pieces. With our global network of affiliates, we can find virtually any coin or bullion product on the market. Feel free to browse our website to find out more about our impressive inventory of precious metals. Alternatively, you can reach out to our experts to help you purchase an item for secure delivery to your chosen location.

This Must Have Guide is Packed Full of:

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  • IRS-Approved Precious Metals Products
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This Guide will Help You:

  • Strengthen Your Portfolio
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  • See our Top rated products
The Definitive Gold Guide

SIGN UP AND GET A FREE GUIDEon best pratices in gold investing by Jonathan Rose

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