What is a gold custodian and what do they do?

To comply with IRS requirements, all IRAs, including Gold and precious metals IRAs, must be in the possession of an IRS approved trustee or custodian and cannot be in the IRA owner’s individual possession. Home storage is not allowed.

As per IRS Publication 590 which specifies that for all IRAs, “The trustee or custodian must be a bank, a federally insured credit union, a savings and loan association, or an entity approved by the IRS to act as trustee or custodian.”

Ask your IRA Gold Specialist which gold custodian and storage facility they recommend and whether or not they are approved by the IRS?

You can learn more about Gold IRA requirements in our selected IRA Gold Campany’s Free IRA Gold Kit and Guide here…