If you’re looking to diversify your retirement portfolio, setting up a Gold IRA could be the right option for you. The process begins by selecting an IRS-compliant SDIRA custodian to manage your account. You’ll then open your self-directed IRA, which takes about 1 to 3 days. The next step is to fund your account, often via a direct rollover from your 401(k) or existing IRA. Once funded, you can purchase IRS-approved metals, ensuring your gold meets the .995+ fineness requirement.