Can I Hold My Own Gold?

Under IRS guidelines, taking physical possession of gold IRAs is prohibited. You cannot store your gold at home in a safe or bank deposit box as that would constitute distribution and incur penalties.

Engagement with a precious metals IRA specialist is the optimal approach to managing an IRA account, saving both time and effort while guaranteeing compliance with all rules.

Storage Options

Your choice for gold investment storage should depend on your specific needs and circumstances. For instance, home storage might be suitable if you prioritize easy access and full control over your investments; however, this requires purchasing a safe as well as dehumidifiers/desiccants, along with insurance – which can add significant expenses.

If you prefer bank storage of your gold, make sure the institution offers all-risk insurance and segregated storage – where assets remain under your ownership without being mixed with others’ deposits – while remaining titled in your name. Furthermore, ensure the insurer is trustworthy and financially stable.

Finally, it’s crucial not to reveal your gold storage arrangements to everyone, as this increases the risk of theft or other losses. Instead, share these plans only with a trusted individual so they can act on your behalf if something should happen to you and protect the precious metals so they aren’t lost or sold off by third parties.


When investing in gold, it is essential to be mindful of taxes that could impact it. According to the Internal Revenue Service (IRS), earned income is defined as money earned from labor or services performed, while capital gains refers to value acquired due to changes in the market without your direct involvement. With careful tax planning in mind, smart capital gains tax liability reduction could become easier.

IRS rules dictate that when purchasing physical gold and precious metals, a sales tax must be paid; however, you can hold these assets in an individual retirement account (IRA) instead and avoid sales tax entirely by using an approved depository.

An alternative option to owning physical gold bullion directly is investing in an Exchange Traded Fund like VanEck Merk Gold (UNZ). These ETFs own and store physical bullion as well as other precious metals – making their costs of ownership significantly reduced while paying for storage, insurance and shipping as well.


Gold does not often follow the stock or bond markets and may provide an economic safety net, though owning physical gold carries certain risks.

The biggest risk in storing gold at home, even with top-of-the-line security measures in place, is theft or loss. Most standard home insurance policies offer limited protection for precious metals like gold.

An attractive option is to store your investment with a custodian that provides storage at reliable third-party depository locations approved by the IRS. Many such companies have long histories of providing outstanding customer service and working with trusted dealers; additionally they charge minimal storage fees each year so more of your hard-earned money stays in your pockets!


Although some investors choose to store their gold at home, several important considerations must be kept in mind before doing so. First and foremost is security: protecting your investment is of utmost importance, so the fewer people who know about its location, the better.

Remember, homeowner’s insurance often does not cover jewelry or precious metals – meaning in the event of theft or other disaster, a significant portion of your investment could be at stake.

If you choose a bank’s safe deposit box as the storage solution for your precious metals, it is crucial that you evaluate its accessibility and the risk of bankruptcy posed by that institution if its business ceases. Should that occur, direct access will no longer exist to these assets and you could risk their loss directly.

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