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Your Questions, Answered

Frequently Asked Questions

Here are the questions we hear most about gold, precious metals and Gold IRAs, with a short answer and a link to learn more. Don’t see yours? Call us any time. We’re happy to talk.

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Investing in Gold

Why should I invest in gold?

Gold is one of the oldest ways to diversify your savings. It’s a tangible asset that can’t be printed, it often moves differently from stocks and bonds, and many investors use it as a hedge against inflation. See Why Gold to learn more.

What are the best ways to invest in gold and other precious metals?

In our experience, one of the most popular is through a retirement account: setting up a Gold IRA or rolling an existing IRA or 401(k) into gold. You can also buy coins and bars outright. See Invest In Gold.

Which precious metals are best to invest in?

The four major investment metals are gold, silver, platinum and palladium. Gold is the most common. Silver is more affordable per ounce, and platinum and palladium are rarer industrial metals. See Other Precious Metal Investment Options.

Gold IRAs & Rollovers

What is a Gold IRA?

A self-directed individual retirement account that holds IRS-approved physical gold, and often silver, platinum or palladium, instead of only stocks, bonds and funds. The metals are stored in your name at an approved depository.

How can I set up a Gold IRA?

We help you open an account with an approved custodian, fund it, choose your metals and arrange secure storage. See Setting Up a Gold IRA.

Can I roll my current IRA over to gold?

Yes. Traditional and Roth IRAs can be moved into a Gold IRA, and done as a direct transfer it doesn’t trigger taxes or penalties. See Gold IRA Rollover.

Can I roll my 401(k) over to a Gold IRA?

Yes. 401(k)s from former employers can almost always be rolled over, and some current plans allow it too. See 401(k) Gold Rollover.

Buying Coins & Bars

What kind of gold can I buy? How do I buy gold coins and bars?

You can buy gold inside a Gold IRA or outright as coins and bars delivered to you. We offer American Eagles, Canadian Maple Leafs, Krugerrands and bars from 1 gram to 1 kilogram. See Buy Gold.

How can I buy silver coins and bars?

Inside a silver IRA, or outright as coins, rounds and bars. See Buy Silver and silver IRAs.

How can I buy platinum and palladium coins or bars?

We offer the American Platinum Eagle, the Canadian Palladium Maple Leaf, and platinum and palladium bars and rounds. See Buy Precious Metals.

Platinum & Palladium

What is platinum, and what is it used for?

Platinum is a rare metal used in high-end jewelry, vehicle catalytic converters, electronics and medical devices such as pacemakers. It’s also traded as a bullion investment and can be held in an IRA. See Buy Platinum.

What is palladium?

Palladium is a rare metal used mostly in catalytic converters, as well as electronics, dentistry and jewelry. It can be bought as coins and bars or held in an IRA. See Buy Palladium.

Gold Prices

Where can I find live gold prices?

On our Gold Prices page, and in the live ticker at the top of every page.

What do historical gold prices look like?

Gold was fixed at $35 an ounce until 1971. Since then it has had rallies and pullbacks, but the long-term trend has been strongly upward as the dollar’s purchasing power has fallen. See Gold Prices.

Free 2026 Gold IRA Guide

Protect Your Savings From a Shrinking Dollar

Our free guide shows how to move part of your retirement savings into physical gold and silver, and how to roll over a 401(k) or IRA without triggering taxes or penalties.

  • Why gold has held value when paper assets did not
  • How to roll over tax-free and penalty-free
  • Which coins and bars are IRA-eligible
  • The questions to ask any gold company





    Bishop Gold Group is a precious metals dealer. We are not a tax advisor, attorney, or investment advisor, and nothing on this page is tax, legal, or investment advice. Precious metals prices rise and fall, past performance does not guarantee future results, and any investment involves risk, including loss of principal. Historical figures are provided for education and come from the public sources noted. Talk with your tax professional before making retirement account decisions. Figures cited are current as of September 2026.