How depository storage works
When you buy metal in a gold IRA, the dealer ships it directly to a depository chosen by you or your custodian. The depository is a high-security vault that holds metal on behalf of many custodians and their clients. It's insured, audited and reports holdings to your custodian, which shows them on your statements. Well-known US depositories used for IRAs include Delaware Depository, Brink's Global Services and International Depository Services, among others.
Segregated vs commingled
| Commingled | Segregated | |
|---|---|---|
| How it's held | Pooled with identical products | Your pieces kept separately, labeled to your account |
| What you get back | The same type and quantity | The exact items you bought |
| Typical yearly cost | ~$100–$150 | ~$150–$225 |
For standard bullion coins and bars, commingled storage is perfectly safe; one Gold Eagle is the same as another. Segregated storage matters more if you hold bars with serial numbers or plan to take your exact pieces as a distribution later.
Why home storage isn't allowed
The tax code requires IRA metal to stay in the trustee's possession. Some promoters sell "home storage" or "checkbook" gold IRAs built around an LLC that holds the metal in your safe. The IRS and the tax court have treated arrangements like this as distributions, which means income tax and possibly penalties on the whole value. If you want gold at home, buy it outside your IRA with after-tax money.
Our recommended provider's free kit covers depository options and storage fees. Best fit if you have $50,000 or more to diversify.
Request the Free KitHow to check your metal is there
- Your custodian statement should list each product and quantity, not just a dollar value.
- Ask which depository holds your metal and whether it's segregated.
- Reputable depositories are regularly audited and carry insurance. Ask your custodian for the details.
- Some depositories allow account holders to view their holdings by appointment.
Frequently asked questions
Can I choose where my metal is stored?
Often, yes, from the depositories your custodian works with. Some offer locations in different states or countries.
What happens to my metal if the dealer goes out of business?
Your metal is held in your IRA's name by the custodian at the depository, not by the dealer, so a dealer's failure shouldn't affect ownership.