What are the risks of storing precious metals in an IRA account?

If you are talking about the financial risks of investing in gold in your self directed Gold IRA, then yes, gold can go down in price and value. However, a Gold IRA should only be considered as long term investment and to insure your wealth from unexpected events in the world and inflation. A Gold IRA is something that is like insurance to protect your wealth when unexpected negative events take place.

If you are concerned about Gold IRA risks and the reputation of the Gold IRA company you are considering and have fears of your gold being lost because of malfeasance or negligence you need to conduct a background check of the company you are considering. Your due diligence should be the same researching a Gold IRA company as you would with any company you are conducting a high value transaction with. A Gold IRA company’s credibility and trustworthiness is made up of many different factors. How long have they been in business? What is their reputation in the industry. Do they have problems fulfilling promises to their customers?

If you search online, you will find that many of the answers to these questions and more can easily be found. You can do a simple search on any search engine or the BBB and find infractions and mistakes made by any company. Most companies in business for some time have made mistakes. Take your findings and concerns to the Gold IRA company’s representative that you are working with, give them an opportunity to address any issues you have found.

Also note that to make sure that your gold is safe, it must be stored separately from the company that you bought it from, this is an IRS requirement. Companies that store gold for you are called Gold Custodians. More information on ‘gold custodians’ can be found here….

You may also receive more information and a special IRA Gold Investment Guide from our selected gold IRA company here….