I’m in the middle of investigating it. I’d say I’m about 2/3 of the way to pulling the trigger.
As for the IRS, this, if done right, is absolutely legal, but they obviously don’t want you to do it, so they’ll never tell you that it’s OK if you ask them, but they won’t tell you you can’t, either.
Read the Rob Gray article:
http://www.opencurrency.com/ira_misconceptions/
Listen to the interview with Rob Gray here:
http://www.thesurvivalpodcast.com/gray-on-holding-silver-in-self-directed-iras
Google “checkbook IRA” and read the articles.
And I’ll “short circuit” you on my research, giving you a head start - I’m going to use “iraservices.com” as my custodian. They have the requirements on their website.
Thank you.