Private Storage IRA
Can an individual privately store their precious metals IRA?
Some individuals inquire about privately storing precious metals held in an IRA — such as at home or in a bank safe deposit box. IRS rules currently require that IRA assets be held by an approved trustee or custodian. The IRS has not explicitly endorsed private or home storage for IRA-owned metals.
IRS interpretations and tax laws can change, and individuals should consult a qualified tax or legal professional before considering any storage option for IRA assets. Improper storage of IRA assets can result in tax penalties; clients are encouraged to follow current IRS guidelines carefully.
Although the client has the option to go through many different custodians, Monetary Gold does not give recommendations for selecting custodians, and is strictly a precious metals dealer.
Private storage of precious metals is something we do not recommend. Contact your tax and/or legal attorney for more information, as Monetary Gold cannot be held accountable or liable for any decision an individual or client chooses to make regarding storing precious metals privately in a home or whether in a private storage facility. We do not recommend nor advertise private storage of precious metals.
Our mission is to help Americans explore the role of precious metals in a broader financial strategy, with a focus on long-term preservation of purchasing power. Many consider gold during periods of economic uncertainty as part of a diversified approach.
Monetary Gold highlights five commonly cited factors individuals may consider when evaluating whether to include gold or silver in a self-directed retirement strategy:
- Global Currency Trends
- Growing Interest in Gold
- U.S. Fiscal Challenges
- Real Interest Rates and the U.S. Dollar
- Heightened Geopolitical Uncertainty
Monetary Gold is committed to professionalism and customer support. Our team strives to offer courteous service and assist clients with acquiring precious metals.
We offer competitive prices on a large selection of precious metals.
Call today for your free Gold IRA Guide 888-411-GOLD(4653)
Founded in 2000, Monetary Gold provides access to physical precious metals for direct delivery and offers assistance with the process of transferring or rolling over eligible IRAs or 401(k)s into self-directed Precious Metals IRAs.
With over a century of combined experience, we strive to develop long-term relationships with our clients by providing friendly service, educational resources, and guidance through the available options. Our goal is to support individuals in exploring how precious metals may fit into their broader financial plans, based on their personal interests and objectives.