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Frequently Asked Questions
Please review the following Frequently Asked Questions regarding
our IRA related services. If your questions are not answered below,
please review the FAQs for your selected IRA Custodian or feel free
to contact us
Q: What are the fees for storage?
Bullion Direct does not charge storage fees.
Q: Will I incur delivery and handling charges when I buy on the Nucleo™
exchange?
No. Since your purchases are held within our depository arrangements,
delivery and handling fees are not charged. If you require a transfer
to an outside facility, fees will apply. See Special Services under
Account Fees for rates.
Q: I already have an IRA Custodian. Can I use my current IRA Custodian
relationship to buy precious metals?
Maybe. Most IRA Custodians do not provide precious metals
investment capabilities due to the physical nature of the investment.
Check with your current IRA Custodian.
Q: My current IRA Custodian allows investments in precious metals,
however they are not one of your approved Custodians.
Can I still buy precious metals from Bullion Direct?
Absolutely! contact us for more details.
Q: If I Buy on the Nucleo™ Exchange, am I obligated to Sell back
to the Nucleo™ Exchange and/or to Bullion Direct?
No. You can sell to any dealer of your choice, however delivery
fees may apply. You may want to contact your IRA Custodian ahead
of time to discuss logistics in order to avoid unwanted tax consequences.
Q: Am I buying physical metal, paper certificates, or futures
contracts from Bullion Direct?
Physical metal. All orders on the Nucleo™ Exchange are for physical commodities.
Q: Can I take personal possession of precious metals I have purchased with my IRA funds?
Taking personal delivery is a disbursement, which will likely have
tax consequences and possible penalties. Please contact your IRA Custodian
for more information.
Q: Can I pay for my purchases directly from my personal funds?
No. Funds for your purchases must come from your IRA Custodian
on behalf of your IRA.
Q: Do I open a "Self Directed IRA" or a "Precious Metals IRA?"
In order to trade on Nucleo with an IRA-enabled trading account, you would need
to open a Standard "Self Directed IRA." This format would provide you
the flexibility to invest in many different assets and not be restricted to precious metals only.
Q: Can funds be tranferred from an existing Roth or Standard IRA?
You will need to seek advice on all IRA matters with your IRA custodian. They are intimately knowledgable of all
the legalities involved and would ultimately handle the process for you.
Q: What products can I buy with an IRA?
Please review our published list.
Q: Can I order anything before my account is funded in order to lock in prices?
No, unlike our "Standard" trading account and IRA account must have funds prior to any trading activity.
Continue to Create your account!
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