OWN | Precious Metals IRA |

OWN|

Precious Metals IRA

More Metal, Less Hype, Zero Premiums.

OWNx brings you an affordable Precious Metals IRA with zero premiums and no minimum investment.

Setup and trading is simple through our app or online dashboard and unlike most Gold and Silver IRAs, our fractional investing approach allows you to buy metal by weight -ensuring you get more metal for your money.

Get our free guide and learn more about how Precious Metal IRAs can help you reach your financial goals.

OWNx brings you the best Precious Metals IRA with zero premiums and no minimum investment.

Download our free guide to learn more about how Precious Metal IRAs can help you reach your financial goals.

Trusted by thousands

What is a Precious Metals IRA?

A Precious Metals IRA (Individual Retirement Account) is a specialized type of IRA that allows investors to hold precious metals such as gold, silver, platinum, and palladium within the account. This type of IRA is governed by the same rules and regulations as traditional IRAs, but it provides investors with an alternative investment option beyond traditional stocks, bonds, and mutual funds.

Investors interested in diversifying their retirement portfolios and including tangible assets like precious metals often consider Precious Metals IRAs as part of their overall investment strategy.

Why an OWNx IRA?

Low Fees and all trades for IRA and Non-IRA occur at cost. No games, no premiums. Just buy at the Ask, sell at the Bid.

Our quest to reinvent precious metals IRAs began when we identified the pain people experience when trying to create and invest in a Precious Metals IRA. Most companies require hours of phone calls, emails, and cumbersome identification processes simply to set up your account. Many limit purchases to high-premium gold and silver coins and small bars. Once you have your holdings, there is no way to manage or liquidate them.

We went to work with one question in mind. How can we use the OWNx technology platform to solve these problems for our clients? The answer was to partner with a custodian who was also interested in providing their clients with a better experience.

Since 2008, OWNx has been building and refining a platform that gives you smart and simple access to the most cost-effective way to hold physical precious metals in your IRA. All trades occur “at-cost,” meaning you will maximize the number of ounces in your account for the amount you invest.

Together we leverage state-of-the-art technology for you:

The ability to own a weight of low premium gold and silver bars enables you to invest your dollars in metal instead of premiums. Let’s look at an example:

With our 0% premium and a silver market price of $20, a $100,000 precious metals IRA would own 5,000 ounces. If you purchased silver American Eagles at $7 over spot, you would only be able to buy 3,704 ounces. Buying your silver in the form of fractional ownership of large bars enables you to own over 1,300 more ounces of physical silver!

The OWNx platform enables you to own a specific weight of IRA approved physical gold and silver, safely stored in an IRA approved, non-bank depository. The metal is:

Titled and owned by your self-directed IRA
Fully insured and stored in the depository

This puts the power of asset management back in your hands:

Easy liquidity
Adapt to changes in market conditions
Rebalance your portfolio

Get Started

Benefits of Investing Through a Precious Metals IRA

Investing in a Precious Metals IRA (Individual Retirement Account) can offer several potential benefits, depending on your investment goals and overall financial strategy. This unique retirement investment vehicle allows individuals to include precious metals like gold and silver in their retirement portfolios, providing several compelling reasons for consideration. Here are some key advantages:

Unlike stocks or bonds, which represent ownership in a company or a debt obligation, precious metals are tangible assets. Owning physical gold, silver, platinum, or palladium can provide a sense of security and a hedge against financial market volatility. Gold and silver are a tangible and portable form of wealth. Unlike stocks or bonds, which exist in electronic form, physical precious metals are tangible assets that can be stored securely. This can be particularly appealing to those who value the idea of having a portion of their wealth in a form that is not dependent on the stability of financial institutions.

A Precious Metals IRA allows you to include physical assets in your retirement portfolio. This can be especially appealing for those who want to diversify beyond traditional investments in stocks and bonds.

It's important to note that while there are potential benefits, investing in precious metals also involves risks, and market conditions can vary. Before making any investment decisions, it's advisable to consult with a financial advisor who can provide personalized advice based on your financial goals and risk tolerance.

Types of Precious Metal IRAs

Gold IRA

A Gold IRA, managed by top gold IRA companies, is a subset of the Precious Metals IRA, focusing exclusively on gold as its primary asset. Gold IRAs, often set up through a gold IRA custodian, have gained immense popularity due to the intrinsic value and historical significance of gold. Gold IRA investing involves selecting gold coins, such as the Canadian Maple Leaf coins and Gold American Eagles, which are among the popular choices for inclusion in a gold IRA account. These gold bars and coins, offered by reputable gold IRA companies, are not just mere investments; they represent a tangible form of wealth, offering a hedge against economic uncertainty.

Silver IRA

While Gold IRA companies and best gold IRA options are widely recognized, Silver IRAs also hold significant value. A Silver IRA, as the name suggests, is dedicated to investments in silver, including silver coins and bars. Silver, much like gold, serves as a buffer against volatile stock market trends and offers diversification benefits that paper assets can't match.

Precious Metals IRA vs Traditional IRA

While both Precious Metals IRAs and Traditional IRAs offer tax advantages and are designed to help individuals grow their retirement savings, they differ fundamentally in the assets they hold. A Traditional IRA primarily consists of paper assets such as stocks, bonds, and mutual funds. It's a reflection of the stock market's ebb and flow, making it susceptible to market volatility.

On the other hand, a Precious Metals IRA is a type of self-directed IRA that allows investors to hold physical precious metals like gold, silver, platinum, and palladium. This tangible form of wealth offers a hedge against economic uncertainties, inflation, and currency devaluation. Moreover, the intrinsic value of precious metals often moves independently of stock market trends, providing a layer of diversification not found in a Traditional IRA.

In essence, while a Traditional IRA offers a more conventional approach to retirement savings, a Precious Metals IRA provides an alternative investment strategy, emphasizing tangible assets and long-term stability.

Criteria	Precious Metals IRA	Traditional IRA
Type of Assets	Physical precious metals (gold, silver, platinum, palladium)	Stocks, bonds, mutual funds
Protection Against	Economic uncertainties, inflation, currency devaluation	Market performance
Asset Tangibility	Tangible assets stored in IRS-approved depositories	Electronic/paper assets
Diversification	Independent of stock market trends	Correlated with stock market trends
Initial Investment Cost	Potentially higher due to physical metal prices	Typically lower
Storage Fees	Yes, for storing precious metals in approved depositories	No
Tax Advantages	Yes, based on IRS guidelines for precious metals	Yes, based on IRS guidelines

FAQ

To be eligible, gold items must meet certain purity standards. Here are some common types of gold items that are generally approved:

Please note: The OWNx platform enables you to own gold and silver in the form of fractional ownership of IRA-approved large bars. The benefits of this are the ability to a) buy and sell gold and silver instantly within your IRA, b) obtain metal at the lowest possible price, and therefore c) maximize the number of ounces you hold.

Gold Bars from Approved Refiners: Gold bars from specific refiners that meet the necessary fineness standards may be accepted. These bars must be produced by refiners on the "Approved List" maintained by the IRS.
Gold Bullion Bars: Gold bars that meet minimum fineness standards are typically accepted. The gold must be at least 99.5% pure for bars, but many IRA custodians prefer gold bars with a purity of 99.9%.
Gold Bullion Coins: Certain gold coins issued by government mints are eligible for inclusion in Precious Metals IRAs. These coins are typically required to have a minimum fineness of 99.5% or higher. Examples include the American Gold Eagle, Canadian Gold Maple Leaf, and Australian Gold Kangaroo.
Gold Proof Coins: Some proof gold coins may be eligible if they meet the required purity standards. Proof coins are specially minted for collectors and often have a higher level of craftsmanship.
Gold Commemorative Coins: Certain gold commemorative coins issued by government mints may be eligible if they meet purity requirements. However, not all commemorative coins are approved for Precious Metals IRAs.
It's important to note that not all gold items are eligible for inclusion in Precious Metals IRAs. Additionally, the IRS may update its guidelines, so it's advisable to check with your IRA custodian to ensure that the specific gold items you are considering meet the current requirements.

Following is a partial list of common gold coins that are typically IRA-eligible.

American Gold Eagle: These coins are issued by the U.S. Mint and are among the most popular choices for Precious Metals IRAs. They are available in various denominations and contain one troy ounce of fine gold. The minimum fineness is 91.67%.
Canadian Gold Maple Leaf: Issued by the Royal Canadian Mint, the Gold Maple Leaf is a widely recognized gold coin with a fineness of 99.99%. It is available in various denominations, and the one-ounce coin is a popular choice for Precious Metals IRAs.
Austrian Philharmonic Gold Coin: Minted by the Austrian Mint, the Philharmonic is a legal tender coin with a fineness of 99.99%. It is available in various sizes, and the one-ounce version is commonly included in Precious Metals IRAs.
Australian Gold Kangaroo/Nugget: Produced by the Perth Mint, the Gold Kangaroo (previously known as the Gold Nugget) has a fineness of 99.99%. It is available in different sizes, and the one-ounce coin is a popular choice for Precious Metals IRAs.
South African Krugerrand: The Krugerrand was the first modern gold bullion coin, and it is minted by the South African Mint. It has a minimum fineness of 91.67%. While it was once not as commonly accepted for IRAs due to the lower fineness, changes in IRS regulations have made certain Krugerrands eligible.

These are just a few examples, and it's important to note that not all coins from a specific series may be IRA eligible. Additionally, the IRS may update its guidelines, so it's crucial to check with your IRA custodian to ensure that the specific gold coins you are considering meet the current requirements.

Here are some common silver coins that are typically IRA-eligible:

American Silver Eagle: Issued by the U.S. Mint, the American Silver Eagle is one of the most popular choices for Precious Metals IRAs. It contains one troy ounce of silver and has a minimum fineness of 99.9%.
Canadian Silver Maple Leaf: Minted by the Royal Canadian Mint, the Silver Maple Leaf is a widely recognized silver coin with a fineness of 99.99%. It contains one troy ounce of silver and is commonly included in Precious Metals IRAs.
Austrian Silver Philharmonic: Produced by the Austrian Mint, the Silver Philharmonic has a fineness of 99.9%. It is available in various sizes, and the one-ounce coin is commonly chosen for Precious Metals IRAs.
Australian Silver Kangaroo: Minted by the Perth Mint, the Silver Kangaroo has a fineness of 99.9%. It is available in different sizes, and the one-ounce version is often included in Precious Metals IRAs.
Mexican Silver Libertad: Issued by the Mexican Mint, the Silver Libertad has varying fineness, with some coins containing 99.9% silver and others containing 99.99% silver. It is available in different sizes, and certain versions may be eligible for Precious Metals IRAs.

It's important to note that not all coins from a specific series may be IRA eligible. Additionally, the IRS may update its guidelines, so it's crucial to check with your IRA custodian to ensure that the specific silver coins you are considering meet the current requirements.

First, it’s worth asking what you are looking for in a gold IRA company. With the technology available today, you now have the ability to manage your physical gold and silver assets with nearly the same liquidity as stocks and bonds. Also, the company that provides you with your metal and the IRA custodian must have a solid working relationship.

That said, when looking for reputable gold IRAs, silver IRAs, or precious metal IRAs you need to make sure both companies have a good track record for transparency, customer satisfaction, and adherence to IRS regulations. OWNx has done the vetting for you and found a partner who meets all the criteria - Equity Trust.

OWNx IRA Fee Schedule

Typical IRA Fees

IRA setup and first year maintenance fee. Billed for each IRA	$195
Annual IRA Maintenance Fee, billed on the anniversary date of account establishment	$150
Storage Fees	0.5% per year, assessed monthly as 0.0416%

Fees That Are Easy to Avoid

Paper Statement Fee Avoid by setting up a myEQUITY portal account	$60 per year
Paper Bill Pay or Distribution Avoid by submitting through myEQUITY portal	$15 each
Wire Transfer Fee Select check processing to avoid	$30 each
Cashier's Check, Certified Mail (Select regular check to avoid)	$30 each

Other Fees (Rare Occasions)

Overnight Mail	$50 each
Express Transfer Processing (Reviewed same day)	$75 each
Expedited Process Service	$75 each
Special Document Processing	$10 each
Miscellaneous Activity Request	$75 / hour
Special Handling Fee	$25 each
Foreign Currency Fee	$100 annually
Stop Payment, Return Check Fee	$30 each
In-Kind Distribution or Transfer Out	$50 per transaction
Account termination fee	$250

OWN | Precious Metals IRA |

Precious Metals IRA

More Metal, Less Hype, Zero Premiums.

What is a Precious Metals IRA?

Why an OWNx IRA?

Together we leverage state-of-the-art technology for you:

Quickly and easily set up your accounts.

Help you own more ounces of gold and silver for your money.

Empower you to buy and sell metals within your account.

Simple fees.

Benefits of Investing Through a Precious Metals IRA

Diversification

Hedge Against Inflation:

Tangible Asset Ownership:

Safe-Haven Asset:

Potential for Capital Appreciation:

Tax Advantages:

Retirement Planning:

Types of Precious Metal IRAs

Gold IRA

Silver IRA

Precious Metals IRA vs Traditional IRA

FAQ

Is there a Roth component to the Precious Metals IRA?

Can I store my gold, silver, and other precious metals in my OWNx IRA at home?

What is IRA approved gold?

What gold coins are IRA eligible?

What silver coins are IRA eligible?

Which Gold IRA Company Should I Choose?

OWNx IRA Fee Schedule

Typical IRA Fees

Fees That Are Easy to Avoid

Other Fees (Rare Occasions)