Bar Bulletin

Bar Bulletin

Owning Gold in Your IRA: A Home Run or Foul Ball?

By Frank Selden

I heard an ad recently from a promotion company stating that, with its IRA account, you may take physical possession of allowable coins owned by your IRA. This company’s website also touts that you may physically possess precious metal coins owned by your IRA.

People who do not trust either the government or the direction our economy is headed may consider this idea a home run. As someone who helps clients create self-directed IRAs, I believe hitting on this sales pitch may result in the IRS umpire calling “Foul ball!”

Personal Possession of IRA Gold Coins Is Not Settled Law

If clients want...

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