When you setup an IRA and fund it with precious metals, you will need to have it stored somewhere. Storage is a very important part of the gold IRA process, because the IRS has specific rules when it comes to where you can store your precious metals. You can only store the precious metals within an IRA approved depository. You cannot store any of the precious metals within your gold IRA at home, in your own personal vault, or even at your local bank.
You must buy the precious metals through a trusted custodian. They will help you arrange delivery of the precious metals to a depository that specializes in protecting precious metals. Don’t be tricked by any advertising that promotes home storage of precious metals within your IRA. If you attempt to store the precious metals at home, then you will be breaking the IRS storage rules and you may be hit with some tax penalties. Your best option is to go with an IRA company that can guide you through the entire setup process and make sure that you are following all of the IRS rules and regulations when it comes to storing your precious metals.
These are the two most popular IRA approved depositories within the United States. You can have your precious metals stored in the Delaware Depository or a Brinks storage facility. The cost to store precious metals can range anywhere from $50 to $400 per year, depending upon the amount of gold or other precious metals that are going to be stored. When you setup an IRA with a gold IRA company, they will help you purchase all of the precious metals for your account and even help you transfer them over to an IRA approved depository within the US.
GoldCo is an A+ BBB rated company in California that offers IRA approved precious metals. They are professionals that can help you roll over your IRA into gold or silver, find the best custodian for your precious metals, and then ship your metals directly to a depository. GoldCo has 16+ years of experience helping customers setup a gold IRA.
Birch Gold Group is an A+ BBB rated company in California that offers a wide range of IRA approved metals. They offer various storage locations from Equity Trust, Goldstar Trust and STRATA Trust. They have 15+ years in the business and over 7,000 satisfied customers. They are a trustworthy gold IRA company that offers 1-on-1 care.
These gold IRA companies have an excellent reputation in the gold industry. They can help you setup a gold IRA, fund the account with IRA-approved precious metals and even transfer those precious metals to an IRA-approved depository. We highly recommend these two companies.