You can't hold the actual metals themselves in an IRA (believe me, I've tried- if somebody knows a way, please post it). The closest you can come is certificates for the metals. After age 59 1/2, you can get the metals out, but you pay ordinary income tax on the value drawn out.
I consider the certificates about a scosh better than worthless. Metals are an "Armageddon play"- a hedge against the possible collapse of the economy. If that happens, your metals will be on their way to parts unknown, in the hands of the managers of the certificate accounts. You can wave your certificates at them until the cows come home.
As for your old 401K, many others on here have it right- 10% penalty if you draw it out before 59 1/2, but you can roll it into a self directed IRA without penalty.
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Today's Featured Article - Two-Brush Generators - by Chris Pratt. Whether for product liability or because the aftermarket parts and labor business is lucrative, this concept is disturbingly prevalent. Fortunately when you step into your shop and make that jump 50 years back in time to work with your old tractor, this concept goes out the window. Even so, when it comes to the charging system, people quickly revert to this idea and start replacing the major components one at a time until it works. The reason you don't find any decals in your replacement set wit
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