Just like an IRA for investing in stocks, bonds, and mutual funds, you can open a Self Directed Gold IRA as a Traditional or Roth IRA. For a Traditional Gold IRA, you’d be saving on taxes now while contributing and paying taxes (based on your income rate) on the withdrawals that you take out later. For a Roth Gold IRA, you’d be paying taxes on your contributions now (based on your current income), resulting in withdrawals that are tax-free later.