Gold & Silver Precious Metals IRA | Store Offshore in Singapore

There are 2 types of self-directed IRAs:

• Traditional IRA
  • Allow you to deposit pre-tax money to invest
  • Pay tax only when the funds are withdrawn
  • By contributing to a traditional IRA, there may be tax benefits where you may be able to lower your current tax bracket as your contributions are tax-deductible
  • Investors who are in too high of a tax bracket to qualify for a ROTH IRA can still choose to contribute to a traditional IRA
  • Investors should consider the tax benefits of choosing a traditional IRA if they anticipate their tax rate at retirement to be lower than their current tax rate
• ROTH IRA
  • Allow you to deposit post-tax money to invest
  • Upon reaching retirement age (59.5 years old), you can withdraw without paying tax with the condition that the account has been opened for 5 years
  • Investors above 70.5 years old can still contribute
  • No RMD (Required Minimum Distributions)
  • Investors should consider choosing a ROTH IRA if they anticipate their tax rate at retirement to be higher than their current tax rate

Yes. Your self-directed IRA custodian can help you arrange to rollover or transfer your existing IRA into a precious metals IRA to buy physical gold and silver.

Yes. Your bullion is covered for all physical loss or damage risks, including terrorism and sabotage, mysterious disappearance (unknown causes), and infidelity of employees (inside jobs).

Mysterious disappearance covers precious metals losses that cannot be explained or substantiated by police, thereby requiring the insurance to be extraordinarily confident in a vaulting company's operations.

Learn more about our comprehensive class of insurance:
https://www.silverbullion.com.sg/Storage/Insurance-Beyond-Industry-Norms

Bullion stored in our vault can be audited in several ways.

Personal audit
You can request an in-person audit of your precious metals at our vault or a virtual audit online. For the latter, video conferencing software will be used with our vault staff taking you through our precious metals vault.

Alternatively, you can check the ownership of your bullion using our parcel ownership list – a master record for all parcels that is made available to all customers in their S.T.A.R. Storage account.

Third-party audit
Silver Bullion engages third-party bullion auditors for quarterly audits of physical precious metals stored in our vault.

Custom audit
Custom audits can be conducted either by a customer or by nominating a trusted representative and would involve a visit to the vault in Singapore and retrieval of precious metals parcels to be audited. A minimum audit charge will be due.

Learn more about auditing your bullion here:
https://www.silverbullion.com.sg/Storage/Parcels-and-Auditing

Please consult with your IRA custodian as he will be in the best position to advice you.

You can sell your precious metals at any time from your Silver Bullion S.T.A.R. Storage account.

If you consider taking physical delivery of your precious metals, this is considered a distribution and there may be tax implications involved. We recommend speaking with a tax professional first.

We charge storage fees based on a fixed SGD rate per troy ounce per year, with insurance and audit included. This means that the storage fees do not change even if spot prices move up.

Gold: SGD 9.855(approx USD7.25) per oz per year

Silver: SGD 0.2774(approx USD0.20) per oz per year

A: The minimum purchase will be 1 parcel of physical precious metals and depending on the bullion that you are buying, the parcel size and quantity will differ. Please refer to the number above the ‘Store in our vault’ button to determine the minimum purchase amount.

For Gold, the smallest parcel is 1 X 50g gold bar

For Silver, the smallest parcel is 10 X 10oz silver bars

Yes, you have the flexibility to decide on the precious metal mix of your self directed IRA. If you prefer coins, you can also hold only silver and gold coins.