Frequently Asked Questions
To keep the account in good standing with the IRS, you must keep the gold and silver coins and bars in the vaults of an approved depository. You can liquidate your Gold IRA account and take physical possession of your metals at any time but be mindful of the tax consequences. Doing this before age 59.5 can have serious consequences for your retirement balance. There may be tax implications and penalties, so you should consult with a qualified tax advisor before making any decision.
No. The IRS requires that we ship your gold and silver to your choice of an approved depository (we like Brinks Global Services and Delaware Depository), who then holds your precious metals for you safely and privately until you decide to liquidate your holdings in retirement. Note: you may be offered “Home Storage IRAs” or “Private Storage IRAs” by other companies in the market, when you ask, “is it ok to keep your IRA gold in a safe deposit box if the IRA is set up correctly?” The answer is buyer beware! Current IRS regulations are not clear about these vehicles and it is not impossible that they could be declared invalid in the future, with unexpected consequences for you. Not worth it.