Hi all,

"...Investors aren't allowed to own collectibles in Individual Retirement Arrangements, or IRAs, and other self-directed retirement accounts, including 401(k) plans. When gold and silver are purchased for such accounts, an amount equal to the cost of acquiring the collectible is treated as a distribution to the owner..."

I had physical/bullion in an IRA for several years, before I took a full distribution of the metal and closed the IRA. The 2nd sentence here about the cost of acquiring being treated as a distribution didn't apply to me - there was no distribution declared until I took delivery, and then the value of the distribution was the value of the PMs at the time of distribution, not the cost of acquiring them. (Also, the 2nd sentence directly contradicts the 1st, since gold and silver are treated as collectibles, yes?)

This may be going too far off-topic, but I wanted to mention this because it makes me question whether there are other inaccuracies in this article. Am I missing something here?

Thanks,

Gg