Answer
Oct 28, 2024 - 09:51 AM
Yes, IRA-eligible precious metals, like certain gold or silver coins and bars, must be held in an IRS-approved depository instead of in your physical possession. This allows you to include precious metals in your retirement savings while ensuring their secure storage. You maintain ownership through your IRA account but don’t physically hold the assets; instead, they’re stored safely in a facility on your behalf. You can check with your custodian to view or manage these holdings. Read more about this here: https://bullionexchanges.com/learn/ir...
