Gold & Silver IRA Investing Simplified

Midland Trust is well-equipped to provide a solution to investors wishing to diversify their retirement accounts into tangible assets like precious metals. Our approach allows investors to safely and securely purchase metals within IRS guidelines.

Precious metals add the diversity that some investors want in their retirement portfolios. They hedge against market cycles and inflation.


What types of metals are allowed?

Gold IRA
Requires 99.5% Pure Bullion

gold-ira*American Eagles allowed


Silver IRA
Requires 99.9% Pure Bullion



Palladium IRA
Requires 99.95% Pure Bullion



Platinum IRA
Requires 99.95% Pure Bullion



Open Your Midland Account

You cannot begin trading with retirement dollars until you establish your IRA with Midland. All trading happens inside your IRA, so the account setup is the first step.

Metals Steps Infographic-1
Once the account is set up, what happens next?

Choose a depository and a depository type

(segregated vs nonsegregated).  


Midland works with the following depositories to store metals.  


  • Delaware Depository
  • Texas Precious Metals Depository
  • IDS Depository
  • Idaho Armored Vault Depository

Midland will supply depository applications for the depository of your choosing. 

Provide your invoice


Once the Midland IRA account is funded and the depository account is established, you will then need to work on providing an invoice from a metals dealer to purchase the metals.  


The invoice should be in the name of "Midland Trust Company FBO your name, IRA Account #”.

Approve the purchase

After your approval, Midland will wire funds to the dealer and direct them to ship all metals to the depository.  It is important to remember that any future movement or sale of the metals needs to flow through Midland, the custodian, for proper tax-reporting purposes.

Have your own depository in mind?

If you would like to choose your own depository then consider a single member LLC to accomplish your goal.

Do you have questions? We're here to help.

What items will Midland need on the metals invoice?

 In order to pay the metals dealer, the invoicing has to be very specific. 
“Midland Trust Company FBO client name # at Midland” as the buyer, metals to be bought, at what price, and check/wire delivery instructions.

How will I know the metals have been received if I don't receive them myself?

The metals dealer ships the metals to Midland. Midland will receive a holding statement from the depository once metals are received.

A confirmation email will be sent to you once we are able to confirm the metals were received and deposited in your depository account.

Why do I have to use one of your depositories?

The IRS has specific requirements as to the storage of precious metals. In order to ensure that the depository meets these requirements, we guide our clients to those who meet the parameters set forth.

​What if I want to store the metals at another depository Midland doesn't have listed?

Midland has established relationships with several of the nation's most reputable and established depositories. If the depository you wish to use to safely keep your metals is not listed, many investors choose to invest their IRA into a single-member LLC (checkbook IRA) to have freedom in their choice of depositories. Find out how Midland can assist with the creation of your single-member LLC.
Send us your question
What are the costs?

Delaware Depository Fees for storage:

$1.60 per $1,000 ($190 minimum) for segregated
$0.80 per $1,000 ($95minimum) for non segregated

Texas Precious Metals Depository Fee

.18% annual storage rate ($174 minimum) for segregated

IDS Precious Metals Depository Fee

$125 for segregated

Idaho Armored Vault Depository

Greater of: Minimum Fee of $75 per quarter/ $300 annually OR Annual Percentage Fee for segregated

Market Value of Asset (as a percentage of market value)*
Less than $100,000.00 0.78% 0.80%
$100,000.00 to $249,999.99 0.75 0.77
$250,000.00 to $499,999.99 0.72 0.74
$500,000.00 to $749,999.99 0.69 0.71
$750,000.00 to $999,999.99 0.66 0.68

Midland Pricing

$325 annual asset fee (per depository account)
$50 transaction fee (for purchase of metals)
$30 wire fee (for purchase of metals)

Additional Resources

Learn More About Investing In Gold & Silver IRAs By Watching This Short Video:

Articles on Metals & Self-Directed IRAs