---
title: "IRA-Eligible Precious Metals Products | Monex"
site: "Monex Precious Metals"
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description: "Monex makes investing in IRA-eligible precious metals simple. Choose from gold, silver, platinum, and palladium to diversify your retirement plan."
last_updated: "October 8, 2025"
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# Buy Bullion Today

![Buy Bullion Today](https://www.monex.com/wp-content/uploads/Hero-Three-Homepage-1180x420-1.jpg.webp)

Build retirement diversification security with IRA-eligible precious metals products. Monex makes it simple to add the strength of gold, silver, platinum and palladium to your portfolio.

## Frequently Asked Questions

### What is a Precious Metals IRA?

Most IRAs consist of paper assets, whereas a precious metals IRA affords you the ability to buy physical metal and have it delivered to and stored with an independent IRA custodian that you select.

### Who can open a precious metal IRA account?

Generally, anyone with earned income can open an IRA unlike a 401K which can only be opened through your employer. For general information about setting up an IRA, contact your IRA custodian.

### What is a Precious Metals IRA Rollover?

If you have one or more IRA accounts or movable funds in an employer retirement plan, you can transfer some or all of those assets into a Precious Metals IRA account. A transfer occurs when IRA funds are moved at your request directly from one IRA to another, without you taking control or custody of the funds. A rollover takes place when a distribution from an employer retirement plan is made directly to your precious metals IRA trustee/custodian by the plan administrator.

### What is the difference between a new IRA account and a transfer or rollover IRA account?

When setting up a new IRA there is a maximum yearly contribution. If you are under 50 years old, the maximum yearly contribution is $6,000. If you are over 50 then your maximum yearly contribution is $7,000. When rolling over or transferring an IRA there is no maximum amount. Rollovers and transfers tend to be larger values as they have acquired value over time.

### What are the age requirements for opening a precious metals IRA?

Typically, you must be at least 18 years old to open an IRA account. However, anyone wondering if they are eligible to open an IRA, should speak to a competent tax advisor.

### Are the precious metals in your IRA insured?

Yes, your IRA custodian will determine who insures your metal, however, any metals you own will be fully insured.

### When must you begin to take required minimum withdrawals from your account?

Required minimum withdrawals start at age 72 or 70 ½ if the owner of the IRA reached 70 ½ before January 1, 2020.