Sorry if this has been addressed in other posts, but I couldn't find anything in my searches. It has been said in various forum replies and on other websites that in regards to self directed IRA's, cetain coins as described in section 408(m)(3) of the code may be held in possession in lieu of a third party; however, I read it differently and wonder if I am simply interpreting things wrong. The code states " For purpose of this subsection, the term collectable shall not include - (goes on to describe the various coins, e.g. gold eagles, etc.) if such bullion is in the physical possession of a trustee described under subsection (a) of this section.." This last part throws me off. I'm not really the trustee of my self directed IRA, am I? So my interpretation is that I am NOT allowed to take possession of my qualififed coins. Any input would be greatly appreciated. Thank you.
Links:
[1] https://www.peakprosperity.com/forums/chrismartensoncom-discussions/united-states-markets-policies