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<p>[QUOTE=&quot;Blaubart, post: 1889881, member: 37498&quot;]From what I&#039;ve been told, it is possible to exercise some legal kung-fu to take advantage of buying PM for your IRA <i>AND</i> be the legal custodian of the bullion.&nbsp; I don&#039;t know that I would recommend doing this though because I suspect that&#039;s a good way to show up on the IRS&#039; audit radar.&nbsp; i.e. Too easy to contribute to your traditional IRA, take the tax deduction, buy bullion, take possession, and then sell the bullion before retirement without informing the IRS.</p><p><br /></p><p>The IRS might someday decide to challenge serving as your own custodian of precious metals under sections 4975(c)(1(D) and 4975(c)(1)(E) of the Internal Revenue Code.&nbsp; These sections apply to self -dealing and conflict of interest abuses in self directed IRA&#039;s, like borrowing money from your IRA or buying property for personal use.</p><p><br /></p><p>The only advantage I see to a precious metals IRA is the option to take physical possession of the bullion at some point in the future.&nbsp; Is that worth many years of custodian fees and the transaction expenses associated with buying and selling of physical bullion?&nbsp; It isn&#039;t for me...[/QUOTE]</p><p><br /></p>

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