Yes, you can sell your gold and roll over your gold IRA to a regular IRA instead. This process should be fairly straightforward, but you will need to contact your new IRA company and walk through the required steps. If you choose to withdraw your gold from a gold IRA before age 59½ and don’t roll it over to another IRA, you will pay a 10% penalty to the IRS, plus you might pay taxes on it as well.