The SDIRA provider, handles the documentation to establish, fund, and complete transactions for your SDIRA. We’re responsible for recordkeeping and ensuring that all necessary reports are submitted to the IRS. Without an SDIRA provider, you cannot invest retirement funds in precious metals or alternative assets.
Dealers are firms or individuals who make deals for the sale and purchase of precious metals. Traditionally, they made bids and offers on the price of gold. Today, the name is used to describe firms that accumulate an inventory of precious metals and sell it to coin dealers, jewelers, or investment companies.
You will need to use a precious metals dealer to buy and sell the physical metals your SDIRA owns. When identifying a dealer, make sure to do your due diligence. As the account holder, you are responsible for negotiating all the details of the transaction of the precious metal including the metals’ price. We recommend working with dealers who know and understand the purchase of precious metals with retirement funds.
Note that Entrust is not affiliated with any precious metals dealers.
A depository stores your precious metals for you to preserve the metals’ tax-advantaged status. The IRS does not allow you to take physical possession of the metals your SDIRA owns.
When choosing a depository for your metals, you’ll need to choose what type of storage you want: allocated or unallocated. Allocated, also called segregated, means that your metals will be separated from metals owned by other investors and stored in their own space. When you distribute your assets, you will receive the exact same bullion you put into storage. Unallocated means that your metals will be commingled with other investors' metals. With this strategy, when you distribute your assets you will receive the same type of bullion you put into storage but they may not be necessarily the exact metals you purchased. Unallocated storage usually costs less than allocated.
We work with these nationally recognized depositories: