Purchase Precious Metals

First, you'll have to purchase the metals from your dealer of choice.

The Entrust Client Portal makes it easy to purchase gold, silver, platinum, or palladium and have them stored in a secure depository. This article will walk you through the step-by-step process of submitting an investment request for precious metals to be held in your Entrust account.

1. Choose a Precious Metals Dealer: Before starting your investment request, you must:
   
   1. Select a U.S.-based precious metals dealer of your choice.
   2. Request an invoice from the dealer for the metals you plan to purchase.
   3. Sign and date the invoice by writing “Read and Approved” in the blank space at the bottom.
   4. Submit your investment request within 1-2 business days after locking in the pricing with the dealer.
2. Start a New Investment Request: After logging in to the Entrust Client Portal, scroll down to “Quick Links” and click “Make an Investment.” Select “Precious Metals” and click “Next.”
3. Select Your Account: Click the dropdown menu under “Entrust Account” to select the account you will use to purchase the metals.
4. Choose a Depository and Storage Type: Select a depository where your metals will be securely stored. Entrust works with four different depositories, some of which offer two different storage types:
   1. Allocated Storage: You are guaranteed to receive the same type, weight, and year of metals, but they are not stored separately from other clients’ holdings. This is generally the less expensive option.
   2. Segregated Storage: You are guaranteed to receive the exact metals you purchased, and they are stored separately. This is typically the more expensive option.
5. Confirm Storage Fees Payment: View the cost breakdown for each storage option before making your selection. Choose how you want to pay the depository fees (note that these fees are separate from Entrust’s recordkeeping fees).
6. Enter Precious Metals Dealer Information: Select the precious metals dealer from the list or enter their details manually. If you are unsure of the dealer representative, enter “N/A.”
7. Provide Investment Details: Specify the details of the metals you are purchasing, or select the option to use the dealer invoice details instead. Enter the total purchase amount. Upload the signed dealer invoice you received earlier.
8. Review Payment Instructions: The dealer’s wire or check information will likely be pre-filled. Confirm with the dealer how they prefer to receive payment (wire transfer or check).
9. Review Fees and Payment Method: The total purchase price and additional fees will be displayed, including depository storage fees and a wire transfer fee (if applicable). Select how you would like to pay the fees (IRA cash balance or credit card on file).
10. Submit Your Investment Request: Review and agree to all disclosures and acknowledgments. Check all required boxes and click “Submit.”

What Happens Next?

• Entrust will review your investment submission within two to three business days.
• Once approved, Entrust will process the payment to the dealer.
• The dealer will ship the metals to the depository.
• Metals will first appear as an “escrow asset” under the dealer’s name in your account.
• Once the depository receives the shipment, Entrust will update your account to reflect the specific metals purchased.

Processing Time: The delivery of metals to the depository can take one to four weeks depending on the dealer. If you need a status update, contact your precious metals dealer directly.

By following these steps, you can successfully invest in precious metals through your Entrust SDIRA.