SEP question - answered.

[pdxdonsmith]

SEPs are IRAs. If you use certain custodians, you CAN buy physical precious metals!

You need a SELF-Directed IRA. I use Entrust Administration, but there are many out there. Check fees among trustees and holding rights. I don't own metal in my IRA, but I could. I own an LLC in my IRA.

DO NOT cash out just because you don't think you can own metals but you want to. You CAN own ASE's, 100-ounce bars, Kruggerands, etc., in your IRA. Go to Tulving.com and you'll see which large holdings are eligible.

Now, that is NOT to say that your IRA won't be stolen by the Feds, but if you have physical metal in your possession, titled in your IRA, it will be hard to pry it from your hands. It IS a risk, but is it worth the tax hit plus the penalty? That's your judgment call. But those are the facts for you.

Peace - Don