Unlike a mutual fund, ETF, or paperbacked IRA, a self-directed IRA through Entrust gives clients the flexibility of investing in physical precious metals - including gold, silver, platinum, and palladium coins and/or bullion. The coins or bars are purchased through a precious metals dealer of your choice and stored at a nationally recognized depository. For a full list of popular IRA-allowed metals click here.
The term "self-directed" simply means that you, as an individual, have complete control over selecting and directing your individual retirement account investments. You make all decisions regarding your investments. The self-directed IRA custodian or administrator completes the documents required to establish your account and purchase your investment.
With a physical precious metals IRA, it is important to understand the four parties involved. The four key parties are you, the IRA custodian/administrator, the precious metals dealer, and the precious metal depository. Click here to learn more.