• In addition to physical gold and silver bullion, a precious metals IRA (i.e. "gold IRA") may contain certain approved assets of silver, platinum and palladium coins and bars in addition to gold. Of the four types of metals allowed allowed, gold is the most commonly invested, hence the term "gold IRA" is most often used as a blanket term to indicate any individual retirement account backed by any assortment of approved physical precious metals.
  
  The physical gold and silver is stored with the trustee of the IRA. However, this rule does not mean that the trustee is the party allowed to decide where the bullion metals are deposited, the manner in which they are stored, and when they can be relocated as needed to manage the investment. Instead, the retirement account owner or plan participant owner of the IRA decides these matters and instructs the IRA plan trustee accordingly.

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