Gold bars must have a purity of 24 karat (0.995+ fineness), while Gold coins must have a purity of 24 karat (0.9999 fineness), with the exception of the 22 karat U.S. Gold Eagle. Bullion coins from America, Australia, Austria and Canada are acceptable, but the South African Krugerrand is not allowed, being that it’s a 22 karat bullion coin.
Silver bars and coins must have a 0.999+ fineness, like the 1 oz. U.S. Silver Eagle, Canadian Silver Maple Leaf, and the Mexican Silver Libertad bullion coins. You can purchase 100 oz. silver bars and also 1000 oz. silver bars. Pre-1965 bags of US silver coins (dimes, quarters, half dollars and silver dollars) are not allowed in an IRA because their alloy contains only 90% silver.
Palladium bars and coins must have a 0.9995+ fineness.
Yes. When you establish an IRA with The Entrust Group, we allow you to invest your IRA funds into any assets permitted by the Internal Revenue Code.
Purchasing & Funding Precious Metals
Because it is a self-directed IRA, you will need to negotiate the purchase price and the type of metals with the dealer yourself.
Storing Precious Metals
Entrust works with the dealers and the depository to ensure that the metals you purchased are accurately and successfully delivered to the depository. The dealer, depository and Entrust go through a multi-point verification process:
- The dealer sends the metals to the depository
- The depository determines if the metals received match the invoice
- The depository emails Entrust a delivery confirmation reporting the kind of metal and the quantity received
- Entrust enters the information into the clients account on the Entrust Client Portal
If Entrust suspects discrepancies at any point in the process, we work directly with the dealer and depository to resolve the issues.