How to Read Your Precious Metals IRA Statement

Your statement is provided by your IRA Custodian, not Goldco.  We thought you’d like to get an explanation of how to read your statement straight from one of them.

In this two and a half minute video and FAQ, the Equity Trust team discusses the method used to value metals in your precious metals IRA.

Equity explains that when you log into your online portal or you view your account statement, you might find that the value of the underlying precious metals in your account is less than the value that you purchased the metals for, or the value for which you could sell those metals back to Goldco or another precious metals dealer. This is because Equity typically calculates the value of your assets based on just the spot or melt price of the underlying physical metals that comprise your precious metals assets.

Equity further explains that the “accurate” or “true” market value on any one given day can be found by visiting bullionvalues.org or by asking Goldco, your precious metals dealer, for the price at which you could sell those metals.

Watch Video: Valuing Metals in Your Equity Trust Account:

Read “Why does my Precious Metals value not match the purchase invoice?” on the Account Statement FAQs:

https://www.trustetc.com/statement-faqs/

Let’s walk through an example. 

We hope that the Equity explanations and this example help you understand your statement. If you have any questions please feel free to contact us.