A Precious Metals IRA is no different than any other IRA. You can make annual contributions (which can be used to purchase more Precious Metals). You can sell your Precious Metals and move funds to another custodian. Distributions can be taken in-kind, meaning you can take the physical Precious Metals out of your IRA account for physical home delivery, or you can sell the Precious Metals and take the distribution in cash. When you convert your IRA to physical gold, you will find all the same rules apply as that of a traditional paper IRA but with the added advantages of physical Precious Metals.