The IRS has appointed certified administrators to handle precious metals purchased specifically for a retirement fund. The custodians are responsible for the purchase of precious metals that qualify for an IRA under US legislation and ensure your assets are safely stored in an accredited high-security facility.
Why Trust IRA custodians?
The United States government has informed us that the companies included on their approved list precious metal custodians are dependable, fair, and trustworthy.
However, GoldIRA.com does not take chances. Before we decided which custodians to partner with we performed due diligence and selected companies we feel confident you can trust.
Our decision is based on the companies long-standing reputation, flexibility, history, buyback program, policies, storage safety and administration fees.
The responsibility of custodians
Custodians are responsible for purchasing, shipping, storing and selling precious metals held in an IRA. Once you open an account with us and deposit funds, you do not have to do anything more. Everything will be taken care of for you.
Once we receive funds, we inform the custodians of your choice. They will then arrange for the purchase and storage of your bullion. Your assets will then be shipped and stored at an accredited depository. If you are not satisfied with the choice of depository offered by your chosen custodians, you are free to select a different safe-storage facility that has been certified by the IRS.
Once the depository receives your precious metal assets, your purchase is added to their inventory and your Gold IRA account is furnished with a certificate of receipt. The depositories we offer are high-security vaults and your bullion is insured for added protection.
GoldIRA certified IRA Partners
Precious Metal Storage Options
When choosing how your precious metals will be stored you also need to select whether you want co-mingled or segregated storage of your metals. Note: Silver bullion will only be stored in co-mingled facilities.
What is segregated storage?
Your precious metals will be stored in a segregated vault that is reserved for Gold IRA customers only. When you sell, exchange or distribute your assets you will receive the precise metals you purchased.
What is commingled storage?
Precious metals are stored in a segregated storage unit but are co-mingled with other precious metal owners. When you decide to sell or exchange your precious metals you will receive a receipt for “like” precious metals and not the exact assets you purchased. This will not affect the value of your assets, but is a cost-effective alternative to segregated storage.