Question re: self directed Ira metals purchases
Wanted to get other people's opinions regarding my self directed Ira. My wife and I just rolled over 401k's from previous employers and have a joint self directed Ira in our LLC name. I'd like to make a large order of silver & gold. The rules are that we can purchase the metals but can physically hold them. They need to be in a storage facility or lock box.
So do we purchase the metals, pay the % above spot & reoccurring storage fees each year? Or, since we can't actually take hold if the metals, should we buy GLD & SLV and pay the small trading fee?
I know the rule that if you don't hold it, you might not own it. So this one is sort of a tough call.