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Sell Gold Or Silver Out Of Your IRA Or 401K

Sell Gold Or Silver Out Of Your IRA Or 401K

Mar 29th 2020

Posted by LCR Coin

Let’s say many years ago or even just yesterday you took retirement funds out of the markets managed by your Custodian such as Charles Schwab, Edward Jones, Fidelity, Vanguard, TD Ameritrade or Merrill Edge. You found a Gold Broker who would set you up with a new custodian such as Gold Star, Sterling Trust, New Direction, Entrust or Kingdom Trust. You moved funds from your previous stock market custodian to one of the new custodians. You were guided by the Gold Broker.

With this Broker you purchased gold, silver, platinum or palladium in the form of bars or coins into your IRA. You purchased American Gold Eagle Coins, American Gold Buffalo Coins, Australian Gold Kangaroo Coins, Austrian Gold Philharmonic Coins, Canadian Gold Maple Leaf Coins, Valcambi Gold Bars, Credit Suisse Gold Bars, Johnson Matthey Gold Bars, American Silver Eagle Coins, Chinese Silver Panda Coins, Canadian Silver Maple Leaf Coins, Austrian silver Philharmonic Coins, Sunshine Mint Silver Bars, Johnson Matthey Silver Bars, American Eagle Platinum Coins, Australian Koala Platinum Coins, Canadian Maple Leaf Platinum Coins, Isle of Man Platinum Coins, Canadian Maple Leaf Palladium Coins or PAMP Suisse Palladium Bars.

They had you create a storage account at one of these locations, Brink's, CNT Depository, Dakota Depository Company or the largest and original Delaware Depository Services Company, (DDSC) or you might have done a Home Stored Account with an LLC.

Now you want out. The Broker is long gone, and you really have no idea how to turn your metal in storage back into your original IRA or 401K. How does that work? It all happens as a tax-free event and you have a 90-day window to keep the money qualified as part of your IRA or 401K as you move it back to a traditional custodian.

If you use LCR Coin to help we would show you a price we could buy your stored metal based on where it is, the precious metals market and the products you have stored. When a price is agreed you would transfer the metal to us in the storage location. We would wire you funds to your precious metals custodian like one listed above, Gold Star, Sterling Trust, New Direction, Entrust or Kingdom Trust. You would have that custodian transfer the funds to the custodian you plan to work with such as Charles Schwab, Edward Jones, Fidelity, Vanguard, TD Ameritrade or Merrill Edge.

Move forward with your new investment plans with your new custodian. Tax free, penalty free and out of precious metals. It is that easy, we make it that easy. LCR Coin is here to help whether you are buying rare coins, selling rare coins as part of an inheritance, selling bullion or liquidating a precious metals IRA. Call our experienced staff at 800-830-5578 or email us at info@lcrcoin.com.