Start with the account structure, then evaluate costs, eligible assets, custody, storage, liquidity and whether the extra complexity serves a real portfolio objective.
A plain-English explanation of the account, custodian, dealer, depository and eligible-metal structure.
ProcessFollow the sequence from opening and funding an account to purchasing, storing, selling and distributing metals.
Trade-offsBalance diversification potential against fees, spreads, storage and operational complexity.
CostsUnderstand setup, administration, storage, dealer spreads and transaction costs.
FundingWhy minimums vary by dealer and why the economic minimum can matter more than the stated minimum.
CompareRetirement-account tax wrapper versus personal ownership and control.
CompareSame IRA tax framework, very different investment implementation and cost structure.
Sources were checked for this publication update. Merchant fees, promotions and policies can change; verify current documents before acting.