Lafayette, CO (PRWEB) April 21, 2010
Self-directed IRA holders have discovered gold - in the trash. Clients of Entrust New Direction (http://newdirectionira.com) have discovered how to invest in gold while also being green. Ohio Precious Metals (http://www.opm-llc.com/) a leading recycled precious metals refiner, extracts the metals from jewelry, photographic equipment, electronics, secondary refining/collecting, and from banking industries. Self-directed IRA and Health Savings Account (HSA) owners have been purchasing these recycled gold bars and coins in higher numbers every day.
Unlike many self-directed IRA administrators, Entrust New Direction clients can use their self-directed IRA or HSA to buy gold from any gold dealer or refiner, and can store their gold in any authorized storage facility. Entrust New Direction Vice President Bill Humphrey said, "We never give our clients investment advice. And we never tell them where to buy or store their gold. We do care about the environment, though, so we couldn't help but get excited on when we heard about recycled metals."
While Entrust New Direction never gives investment advice, Humphrey said, "We educate our clients as much as possible, so they know what they can and can't do with their self-directed accounts." Humphrey said clients have to be reminded of the intent of precious metals retirement investing. "You're only investing in the metal itself. It doesn't matter what image is on the coin or whether the bar is polished or not. Your retirement account or Health Savings Account can only invest in the precious metal itself- not rare, collectible or beautiful coins."
Entrust New Direction clients also use their self-directed IRAs to invest in various forms of real estate as well as loans of all kinds. Humphrey said, "Some clients who invest in recycled gold also invest in rental properties, personal loans and publicly traded stock. The options are pretty open."
Ohio Precious Metals, a 35-year-old company, also recycles silver, platinum, and palladium.
About Entrust New Direction IRA, Inc.: Entrust New Direction (http://newdirectionira.com/), part of the Entrust Group, is a self-directed retirement plan services firm, providing self-directed plans since 1981 and educating the general public about self-directing funds into non-traditional investments such as real estate, gold, private placements, LLCs and others. Entrust New Direction IRA offers both tax-deferred and tax-free self-directed plans to help clients achieve their investment goals. Besides retirement plans, the company also offers self-directed plans to save for children's education, health savings and more. The firm has also made client education a top priority through classes, articles, and presentations.