Buying and Selling Gold
Owning gold could offer several benefits, making it a valuable addition to any investment portfolio. Historically, it has acted as a hedge against inflation and served as a safe-haven asset during economic uncertainty.
It could also enhance portfolio diversification, many times moving inversely to stock markets, thus reducing overall risk. With its intrinsic value and long-term stability, gold remains a reliable store of wealth that can be passed down through generations.
The Benefits of Buying and Selling Gold
Choose from American Eagles, Canadian Mapleleafs, South African Krugerrands, Australian Kangaroos, and many more.
Battle Bank partners with Brinks for our clients secured storage needs. Brinks has over 150 years’ experience in protecting precious metals globally.
Certain bullion coins in gold are eligible for IRAs if they meet a certain fineness level. For a list of eligible coins, click here. Both new and existing Conventional IRAs, SoloK, and Checkbook IRAs qualify.*
Get started with a $7,500 minimum initial trade for Allocated Accounts or $5,000 for Unallocated Accounts. After the initial trade, there is no minimum trade requirement.
* Per IRS regulations, precious metals held in a retirement account cannot be delivered to you and must be stored through our secure storage partner (storage fees apply).
Available Gold Options
| Coin | Weights Available | Premium | Spread | IRA Eligible | ||
|---|---|---|---|---|---|---|
| Eagle | 1oz, 0.5oz, 0.1oz | 10.75% | 0.75% | Yes | Open Now | |
| Buffalo | 1oz, 0.5oz, 0.1oz | 10.75% | 0.75% | Yes | Open Now | |
| Maple | 1oz, 0.5oz, 0.1oz | 10.75% | 0.75% | Yes | Open Now | |
| Philharmonic | 1oz, 0.5oz, 0.1oz | 10.75% | 0.75% | Yes | Open Now | |
| Krugerrand | 1oz, 0.5oz, 0.1oz | 10.75% | 0.75% | No | Open Now | |
| Britannia | 1oz, 0.5oz, 0.1oz | 10.75% | 0.75% | Yes | Open Now | |
| Kangaroo | 1oz, 0.5oz, 0.1oz | 10.75% | 0.75% | Yes | Open Now | |
| Bar | 10oz, 1oz | 10.75% | 10.75% | Yes | Open Now | |
| Unallocated | - | No | Open Now | |||
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Frequently Asked Questions
What are the different types of ways I can buy gold at Battle Bank?
Battle Bank offers Allocated and Unallocated Metals Accounts in which you can purchase gold bullion.
With an Allocated Metals Account, you choose the specific type of gold coin or bar and then opt to either have Battle Bank store those metals for you (a fee will apply) or have them shipped to you (a delivery fee will apply).
An Unallocated Metals Account is the purchase of physical gold in bulk bullion form that cannot be delivered to you, but the pool of gold is held on behalf of all unallocated Battle Bank clients at a secure Brinks storage facility.
What are my options to buy gold in an Allocated Metals Account?
You can choose from a variety of 1-ounce coins as well as various bar options (which 1 oz and 10 oz bars are the most popular). Visit our Allocated Metals page to see current availability.
Do you sell collectible gold coins?
No. We do not sell collectible or numismatic coins in any of the metals.
Are there fees associated when I buy gold at Battle Bank?
There are different fees associated with buying gold determined by which account is chosen:
Unallocated Metals
The only fee for buying gold in an unallocated metals account is the buy or sell fee that will be .75% on top of the price of the metal. There are no additional storage, delivery or monthly account fees.
Buying Gold in an Allocated account
- Spread Fee - When you buy or sell gold bullion coins or bars, you will be charged a fee of 0.75% on top of the buy or sell f of the coin or bar.
- Premium Fee - When purchasing gold bullion coins, the total price of the coin would be the cost of the gold bullion itself (in many cases 1 oz) as well as a 'premium' to fabricate or mint the coin. The premium is determined by the dealer that Battle Bank purchases from and can range from 0.5% to up to 4.00% on top of the price of the metal.
- Storage Fee - If you choose to have Battle Bank store your allocated metal in a secure Brinks facility, a 1.50% storage fee will apply and will be charged quarterly in arrears.
- Delivery Fee - If you buy gold bullion coins or bars and have them delivered to the address on your Battle account, a 1.00% delivery fee will apply.
If I choose to buy gold via an Allocated Metals Account, can you store it for me?
Yes.
If I have gold coins or bars in my possession, can you store it for me?
If you purchased coins from Battle Bank, it could be possible for you to ship them back to Battle Bank and opt to have us store them. Please note you will be responsible for paying the shipping and insurance costs to get them back to Battle Bank, and there will likely be additional costs to verify the authenticity (assaying) of the coins upon their arrival. If you purchased coins from a different dealer, we won't be able to take them in for storage. Additionally, we won't be able to take in any bars currently in your possession (regardless of whether you bought them from Battle Bank).
Can you deliver gold to my residence?
Yes. You can request delivery of your gold either immediately upon buying it or at any time down the road. Please note there will be certain costs to take delivery.
What is gold bullion?
Generally speaking, gold bullion refers to gold coins and bars used for investment purposes (instead of being graded, collectible, or considered numismatic). For example, Gold American Eagle coins are typically considered one of the most popular bullion coins.
How do I pay when I buy or sell gold?
When you apply for an account at Battle Bank, you will open a Global Markets High Yield Cash Account as your primary cash management account. This will be the funding account for all buy or sell precious metals transactions.
When your Cash Account is opened, we will also open a Global Markets Portfolio that will provide you access to buy and sell gold coins and bars.
Are Precious Metals accounts IRA-eligible?
Currently, only American Eagles in a Precious Metals allocated option are IRA-eligible. Please note that with a Precious Metals IRA, we must store the coins for you.
Can I put gold in my Traditional or Roth IRA?
Yes, but there are certain restrictions. Not all types of coins can be purchased with retirement funds, and you would need to store the metals with Battle Bank. To determine which bullion coins are IRA eligible go to our Unallocated Metals web page. Please note that bullion bars cannot be held in an IRA.
Can I put gold in my Checkbook Control IRA or Solo 401k?
Yes, you can put precious metals in a Checkbook Control IRA and Solo 401k with Battle Bank.
Be aware, the IRS specifics the purity standards and forms of precious metals eligible for Solo 401k investment. And in both account cases, a custodian must manage these assets, ensuring they adhere to IRS regulations.
