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Gold and Silver backed IRA's

Since the Taxpayer Relief Act of 1997, Americans have been permitted to fund Individual Retirement investments with physical gold, silver, platinum or palladium. These “hard assets” provide stability because they have real intrinsic value and tend to move inversely to paper assets like stocks, bonds, mutual funds and cash. They can provide a hedge against currency devaluation, inflation and stock market corrections, and are a great way to diversify your portfolio. For these reasons, many investors feel confident having some or all of their retirement accounts in tangible assets like gold.
If you had put $26,000 in a gold IRA in 2002, it would be worth over $174,000 in 2012. ...

It is easy to rollover your Traditional or ROTH IRA’s or eligible 401K’s and most other retirement accounts into an IRA that contains physical precious metals. Unlike ETF’s or gold stocks, these are real metals that belong to you. You can take distribution from your account at any time–just like with any other IRA investment, either in cash or in the form of the metals themselves.

This is a lateral move so there are no penalties or tax consequences for transferring assets within an IRA. Your account is managed by a third party custodian, who will provide you with quarterly statements; you can also check your account online. There are several firms that can provide this function. Fairpoint can establish your gold IRA with any of them that you wish. Entrust, Gold Star Trust, Equity, or SDI are a few of the major IRA custodians in the U.S. They are all expert in managing these IRA’s and provide the interface between you and the Depository. Your metals are physically stored in the Delaware Depository in Wilmington Delaware, and are fully insured by Lloyd’s of London.

3 Simple steps

3 Simple steps are all that's required to start or transfer your retirement account into the safety of a Gold IRA:


Fill out an application to open your account.

We will be happy to complete this for you and submit it to you for your signature if you wish. Or you can fill out an application online.


Transfer funds from your existing IRA into your trust account.

A transfer document is included with the application that will order your existing broker to liquidate and transfer assets directly to your new trust account. Or you may elect to take distribution from your current account and can send a check to fund your Gold or Silver IRA. (Must be accomplished within 60 days to avoid a taxable event).


Select the precious metals for your

After your account is opened and funded, we will discuss the options and metals permissible for your new IRA. We will give you the pros and cons of the various types of gold or silver available and can make recommendations based upon your personal goals and objectives. Your metals are then shipped to the Delaware Depository, where they are inspected and verified for authenticity and placed in your account.

To begin the process of your Gold or Silver IRA just fill in the form below and we will start your application

Type of Retirement Account(s)

Do not hesitiate to contact us with any questions you may have. It is our job and our pleasure to explain everything to your satisfaction.

Your information is private and will never be shared.

Fairpoint does NOT offer “check-book” Self-Directed IRA’s

In the past few years we hear some investors say, “I have an IRA in Gold, and the Gold is under my bed. And this is perfectly legal and OK with the IRS.” ”The popularity of investing retirement accounts into “non-traditional” assets (e.g. real estate, private lending, and everything else you can imagine) using a self-directed IRA or an IRA-owned LLC (“checkbook control” IRA) has increased rapidly, perhaps too rapidly, since the economic meltdown in 2008. This growth has brought increased mainstream media attention, scams, and a huge amount of legal and tax non-compliance.”

These instruments are pushed by metals companies that are not lawyers, are not in the business of providing legal or tax advice, yet they get clients into this complicated and extremely marginal approach to holding precious metals in their IRA. This becomes an extremely “grey area” in terms of compliance with IRS tax rules, and if any problems arise (think IRS audit), the client is on his own for any penalties or loss of tax deferred status in his account. In fact, all IRA custodians and IRA LLC facilitators have language in their contracts that say things like “you are solely responsible for the success or failure of your account” or “we are not advising you on legal or tax issues.”

As appealing as it may be to have your IRA in the safety of precious metals and have them in your safe as well, we choose to not offer this approach to our clients. Fairpoint Gold Group does not provide legal or tax information and in an abundance of caution do not offer the “under the bed” approach to Gold backed IRA’s. The Depository storage of gold in IRA’s is well established and adheres to the customary proceedures for an IRA.