How Precious Metals Are Purchased With Your Self-Directed IRA

Mountain West IRA provides administrative and recordkeeping services and does not select, recommend, research, evaluate, or perform due diligence on precious metals, dealers, or depositories.Mountain West IRA does not select, recommend, research, evaluate, or perform due diligence on assets.
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• Select Your Precious Metals: Identify qualifying precious metals, select your dealer, and place your order in the name of your IRA. Obtain a purchase order or invoice identifying your IRA as the buyer.
• Complete & Submit Purchase Instructions: Complete and sign Mountain West IRA's Precious Metals Purchase Kit. Review the dealer's invoice and applicable depository documents, marking them "Read and Approved" with your signature and date where required. Select an eligible depository and coordinate the required storage account documentation with Mountain West IRA. The purchase details must match the dealer's invoice, and the storage account must identify your IRA as the account holder. Submit all completed purchase instructions and supporting documentation to Mountain West IRA.
  Transactions Department
  Phone: (208) 510-0859
  Email: transactions@mwira.com
• Administrative Review & Funding: Mountain West IRA reviews the submitted documents for administrative requirements and executes applicable documents on behalf of the IRA through an authorized signer. All complete and correct documentation must be received at least three business days before the requested funding date. Once requirements are satisfied and sufficient IRA funds are available, Mountain West IRA processes the authorized purchase at the account
• Fund the Purchase: Once administrative requirements are satisfied, Mountain West IRA processes the authorized purchase using available IRA funds at the account owner's direction.
• Maintain Your Asset: Precious metals must remain in an eligible custody and storage arrangement. All subsequent purchases and sales must be processed through Mountain West IRA using the applicable Purchase Kit or Sale Kit and supporting documentation. Sale proceeds must be deposited directly into the IRA.