Purchasing Precious Metals with a Self-Directed IRA or HSA
Q. Does Entrust New Direction choose the precious metals dealer?
No, the choice is up to you. Entrust New Direction does not sell any product nor promote any products or vendors. The account holder is responsible for choosing the precious metals dealer and the form and type of precious metal.
Q. How do I direct the investment into precious metals with my IRA?
To direct Entrust New Direction to purchase precious metals with the funds in your IRA or HSA, do the following:
- Select a precious metals dealer and an investment.
- Complete a Buy Direction Letter located on the left side of this page. Provide detail on the investment, such as the type, quantity, price and dealer.
- Submit the Buy Direction Letter to Entrust New Direction along with an invoice from the dealer of your choice and their wire instructions. Your Entrust New Direction representative will purchase the investment with your IRA or HSA funds. The precious metals must be held by a precious metals depository.
Q. Can IRAs that are already established be transferred to Entrust New Direction?
Absolutely! Any past employer or individual retirement plan can be transferred or rolled over to Entrust New Direction. If you do not have an existing retirement plan, Entrust New Direction can help you get started. More information on retirement plan options can be found on our self-directed retirement plans educational tutorial page.
Q. What other investments can I hold in a self-directed IRA?
With an Entrust New Direction self-directed IRA, you are in full control and can choose from a wide range of permissible assets. Our clients have directed their IRAs and HSAs to buy assets such as real estate, secured and unsecured notes, limited liability companies, private limited partnerships, private stock, publicly traded stocks, bonds and more- the retirement investment options are limited by your imagination.
Q. What kind of IRA plans can be used to purchase precious metals?
Entrust New Direction administers all types of self-directed retirement plans such as IRAs, Roth IRAs and 401(k) Plans. We can help, whether you want to start a new plan or rollover an existing plan. As a third-party administrator, Entrust New Direction does not offer investment, tax, financial or legal advice to clients. Individuals who believe they need advice should consult with the appropriate professional licensed in that area. Remember that self-directed investment is not limited to retirement plans - consider a Golden Health Savings Account (Golden HSA).
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