Silver and Gold IRAs

[webmaster]

Subject:Silver and Gold IRAs
By: David Morgan, Silver Investor

Overview: American Silver Eagle silver coins are approved for IRAs. Other silver approved investments must be .999 fine, which makes Canadian Silver Maple Leafs, Australian Kookaburras, Mexican Libertads, and even .999 fine silver rounds also eligible.

Link: http://news.silverseek.com/SilverInv...1208529331.php

[golubinchina]

In addition to accumulating physical silver with personal fiat paper, it's great to use Roth IRAs, especially, to acquire the bullion with tax-deferred moneys. That way (in a Roth), down the road I'll be able to distribute the metal to myself, tax-free and penalty-free.

All the online distributors of metals coordinate with third-party administrators which allow folks to have precious metals in retirement plans. Entrust, in Oakland CA, is one of those administrators that can handle just about any 'non-traditional asset' that the IRS allows, and has clients who place holdings in their IRAs with GoldMoney, FideliTrade, and other bullion dealers.

[nuslvrkwen]

Originally Posted by golubinchina

In addition to accumulating physical silver with personal fiat paper, it's great to use Roth IRAs, especially, to acquire the bullion with tax-deferred moneys. That way (in a Roth), down the road I'll be able to distribute the metal to myself, tax-free and penalty-free.

All the online distributors of metals coordinate with third-party administrators which allow folks to have precious metals in retirement plans. Entrust, in Oakland CA, is one of those administrators that can handle just about any 'non-traditional asset' that the IRS allows, and has clients who place holdings in their IRAs with GoldMoney, FideliTrade, and other bullion dealers.

I'll try to get information on Entrust as I live in Oakland myself! Thanks for the information!

[Skid]

"Entrust".....unfortunately I don't trust anyone to 'hold' my silver for me.

One of the big IB's had the audacity to take a clients money for a large silver purchase and charge that client year after year foer storage and insurance when they never purchased the clients silver.