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Message:: [QUOTE="calebmurphy, post: 3232574, member: 99270"]I did a fair amount of research before I transferred the 401k to a precious metals IRA with Lear. There should be no tax penalty for that.  That info came from both Lear and multiple advisers from the company that held my old 401k. It says on both sets of paperwork zero taxable amount on the tax forms.  I can't keep that silver on hand.  It's kept in a vault through them until I'm 59.5 I can sell or take p/l and return it to cash, but they'd still be holding my cash unless I want to pay a tax penalty.  Most of why I'm asking is because I'd like to start collecting coins a few at a time and look at it as an investment or wealth preservation tool, plus I enjoy collecting coins anyway. Best I can tell is it's like cash, it's not being disclosed to the IRS at all transaction points. It would be a post tax investment and you'd still need to be honest and claim the true capital gains when you sell. However unlike alot other investments, the is no electronic or paper trail that states what you bought and sold for. Whereas if you buy and sell a large gold bar your probably gonna have to report it. So basically it might be better to hand down 50k of metals to your kids than a 50k house. The house is registered with the government taxes are due on it annually, and they can easily calculate the capital gains because they know what you paid, what it's worth etc.[/QUOTE]