Now that you have decided to open a Gold IRA, where are your IRA precious metals stored? While invested inside of your self-directed Gold IRA, the physical metals must be stored with an IRS approved third-party depository. For our client’s precious metal storage needs we work with Brink’s Global Services USA, Inc.(Los Angeles or Salt Lake City) and Delaware Depository (Wilmington, DE).
Should you decide to take a distribution from your Gold IRA, you have the option to receive your precious metals, as opposed to liquidating the coins or bars for cash. For example, if you have invested gold American Eagles inside of your Gold IRA you can request to receive gold American Eagles as your distribution. That would be considered an in-kind distribution and the IRS tax rules will apply as if you had taken cash as the distribution.