What if the investor already has an IRA account?
An existing IRA may be used to invest in gold, silver, platinum, and/or palladium – provided the IRA Trustee or Custodian will allow the investment and will agree to store the metals. Usually a Self-Directed account is required. In this type of account, the customer gets to select the investments, rather than just taking whatever the IRA Trustee is selling. Most banks, mutual funds and other types of institutions that sell a financial product will not allow the customer to direct the investments, beyond choosing among the offerings of the institution. GoldStar Trust Co. does not sell any products, and acts strictly as Custodian for Self-Directed IRA accounts. Customers may direct investments in gold, silver, platinum and/or palladium, CDs, stocks, bonds, U.S. Government securities, notes, and several other types of investments.
