Wholesale Direct Metals

We strongly recommend that you thoroughly research and contact a few gold IRA companies before seriously considering investing in gold and precious metals. There are so many horror stories, including fraud, from investors who simply picked a gold IRA company at random for their retirement. Please take your time and read through a few more reviews before you begin your rollover process.

Damon Geller, the CEO and President of Wholesale Direct Metals is an experienced precious metals professional, asset management expert, and the author and co-author of numerous books concerning investing in gold and national debt. He writes frequently on the Gold Blog section of WholesaleDirectMetals.com. He also offers feature analysis and market commentary in the “Ask the Expert” section of the site.

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They have a comparatively basic catalog of bullion coins including the American Gold Eagle, American Silver Eagle, Canadian Gold Maple Leaf, and South African Gold Krugerrand. They have three categories currently in their proof coins catalog – Gold Proof Eagle, Silver Proof Eagle, and and Gold Proof Set.

Wholesale Direct Metals advises clients to set up a self-directed IRA through the IRA custodian they are affiliated with, which currently is Equity Institutional (known formerly as Sterling Trust). So, assuming you were to purchase gold for an IRA through Wholesale Direct Metals, you would pay the admin fees and annual storage fees charged by Equity Institutional, which are shown in the chart below:

Opening a precious metals IRA through a bullion dealer, the process usually goes this way:

The investor meets up with the bullion dealer and is guided by an IRA custodian through the process of setting up an IRA. Typically, bullion dealers are affiliated with one or several IRA custodians. The custodian will be oversee the precious metals storage in the IRA within an approved depository.

The cost of storing precious metals in an IRA is influenced by the annual fees charged by the IRA custodian your bullion dealer is partnered with. Wholesale Direct Metals uses Equity Institutional as its custodian. Note that many bullion dealers are not partnered with IRA custodians, and assuming you were to buy gold from a company that does not associate with custodians, you don’t have a choice than to choose a custodian for yourself.

Most professional precious metals companies cooperate with affiliated custodians to provide the convenient service as your bullion supplier collaborate with your IRA custodian to have the purchased metals deposited directly into your IRA.

If you are a representative, associate or owner of Austin Rare Coins and you notice any content of this review that is misguiding, untrue or outdated, please feel free to contact us with removal or revision requests. In an effort to give our reader’s the most accurate and current reviews possible, constructive criticism from all sources are welcome andwe  will gladly honor any revision requests based on fact.