Self-Directed Precious Metals

Get Started with a Precious Metals Account

Congratulations, you’ve opened a new self-directed account to invest in physical precious metals!

We’re here to help every step of the way. As your plan custodian, we take pride in assisting you with transactions and in upholding your self-directed account’s tax advantages by maintaining IRS compliance.

Let’s get started! 

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Fund Your Account

You can add money to your new account through the following methods:

  • Transfer – Add money to your IRA from an IRA of the same or a similar type (e.g., Traditional IRA to Traditional IRA).
  • Rollover – Roll money over from a qualified account into your account with NDTCO (e.g., 401(k) to Traditional IRA).
  • Contribution – Deposit your personal money into your NDTCO account.

Choose Your Sponsor and Depository

Once your account has been funded, you must choose which precious metals sponsor you’d like to conduct business with if you don’t have one already. Always remember that your self-directed account can purchase, sell, and exchange metals with any company you want!

Precious metals owned by a tax-advantaged account must be stored in a depository. At NDTCO, you can choose from a variety of depositories across the United States and the world. Contact us to inquire about your depository options.

Please note that precious metals prices change upon market values and may not remain at the constant rate from your invoice. Please contact your sponsor for additional information on pricing and current market rates. 

Request and Submit Paperwork

When you’ve chosen your sponsor and depository, NDTCO will need a few simple documents to execute the transaction:

Buy Direction Letter – Authorize the transaction by:

  • Logging in to your online portal and selecting “Invest” on the left-hand side of the screen.
  • Click the “Precious Metals” drop-down menu and then select “Invest Now.”
  • Under Action Type, select “Buy.”
  • Under Dealer Information, enter the name of your chosen precious metals dealer and depository.
  • Indicate whether you will allocate a specific dollar amount to the purchase or will authorize all available funds. 
    • Important Note – If you elect to allocate all available funds, this does not mean NDTCO will automatically send your full cash balance to fulfill a purchase. It simply means that we will fulfill whatever invoice price we receive, provided the balance is available in your account.
  • Indicate how you would like to pay the applicable fees.
  • Check the acknowledgment box and click “Continue.”

Depository Election Form – Contact our office to request the election form for your desired depository, complete it, and submit it to our office through your client portal:

  • Access your client portal at portal.ndtco.com.
  • Click “Messages” at the top of the page.
  • Choose your account from the drop-down menu, indicate the inquiry category, and enter a subject and the message text.
  • Click “Choose File(s)” to attach a PDF copy of your signed Depository Election Form to the message.
  • Click “Submit” when you’re all set.

Invoice – You will work out the terms of the purchase with your precious metals company just as you would if it were a personal purchase. However, instead of paying your sponsor directly and receiving metals in turn, your sponsor must send NDTCO an invoice that identifies your account as the buyer and your chosen depository as the ship-to address. Your sponsor can send the prepared invoice to pminvoices@ndtco.com.

Once NDTCO has these forms, we will issue the amount specified on the invoice to your sponsor and await confirmation from the depository that the purchased assets have been received at the depository.