IRA Accounts

IDS of Delaware and IDS of Texas have several options to assist investors with their precious metals IRA (Individual Retirement Account) purchases. Both facilities serve as preferred custodians for IRA trustees in the United States. IDS of Canada has partnerships in place that allow individual investors to own precious metals in Registered Savings Plan (RSP) accounts, which includes Registered Retirement Savings Plan (RRSP) accounts and Tax-Free Savings Accounts (TFSA).

IRA Custodian Accounts

Since 2010, International Depository Services Group has offered IRA trustees and administrators a genuinely custom approach for self-directed precious metals IRA storage. IDS Group’s IRA Custodian Accounts come with personalized custodial services, custom depository reporting solutions and inventory management that create a seamless customer experience.

The IDS Group precious metal depository teams are well-versed in the storage requirements for the precious metals stored in retirement savings accounts in the United States and Canada. IDS Group is considered the preferred partner for many IRA Administrators because of the technical excellence offered by IDS. Working with IDS streamlines business operations and creates efficiencies reducing the need for operational manpower within the administrator’s offices.  The IDS Group delivers IRA trustees and Canadian RSP administrators a seamless way to service their clients with build-to-specifications custodial services and reporting on Master-Sub accounts. In addition, the IDS Group provides comprehensive reporting necessary to administer retirement account holdings efficiently and accurately.

Please consult with your IRA Trustee or Administrator to discuss IRA precious metals storage for self-directed IRA individual investors. Unfortunately, the IDS Group can only work with IRA Trustees.

Self-Directed IRA Accounts

IDS of Delaware and IDS of Texas facilities are preferred custodians for some of the most prominent IRA Trustees in the United States. The following IRA Custodian Account features set the IDS Group apart:

• Automated new account set up – less paperwork for the investor
• Competitive annual fees – as favorably negotiated with the IRA administrators to save investors’ money
• Prompt and efficient transfer assistance – depositing metal quickly into IRA accounts gives peace of mind
• Fully segregated storage accounts – offers security and reassurance your metals remain your metals.

IRAs were once limited to holding only American Eagle and Silver Eagle coins. However, the 1997 Taxpayer Relief Act changed that and expanded the holdings of the precious metals allowed in IRAs. The eligibility of investment products for IRAs depends solely on the purity of the products. These items include gold bullion coins and bars of a minimum of 99.5% fineness, silver bullion coins and bars of 99.9% fineness, and platinum and palladium coins and bars of 99.95%. In addition, bars, rounds and coins must meet the minimum fineness requirements. 

American Gold Eagles remain a solid choice for many gold IRAs. Other gold coins eligible for IRA holdings must be legal tender, at least 99.5% pure gold, and include the Canadian Maple Leaf, Australian Kangaroo, Austrian Philharmonic, Chinese Panda, Australian Lunar Series, Credit Suisse and the U.S. Buffalo bullion coin. Gold bar sizes in IRA holdings typically range from one ounce, 100 grams or 3.212 ounces to 10 ounces and one kilogram, but any size is eligible for contribution as long as the purity meets the IRS requirements.

In addition to the American Silver Eagle, silver coins permitted in IRAs include the Australian Kookaburra, Canadian Maple Leaf, Mexican Libertad, the America the Beautiful bullion series, Austrian Vienna Philharmonic, and Chinese Panda. Silver bar sizes held in IRAs typically range from 1 ounce to 100 ounces. 

Platinum products that are acceptable products permitted in IRAs include the American Eagle, Australian Koala, Canadian Maple Leaf and Isle of Man Noble coins.

IDS of Texas, in Dallas, Texas, is the first and largest specialty bullion depository in the state. IDS of Texas is a London Bullion Market Association (LBMA) Associate and a National Coin & Bullion Association (NCBA) member.

IDS of Delaware, in New Castle, Delaware, is located in the heart of America’s primary business corridor. This bullion depository is one of eight COMEX/CME, and one of nine Intercontinental Exchange (ICE) approved depositories. IDS of Delaware is also a London Bullion Market Association (LBMA) Associate and a National Coin & Bullion Association (NCBA) member.