Don't Store Bullion in Your IRA At Home

Warning! How you store bullion in your IRA matters.

A gold IRA is a self-directed individual retirement account in which the IRS allows ownership of physical precious metals. With a Gold IRA you can also hold physical precious metals in the form of coins and bars that meet certain fineness standards from the IRS.

At the end of your IRA term, you can walk away and take physical possession of your gold.

The United States government currently allows certain bullion and rare coins to be held in an IRA for retirement plans. The American Gold Eagle coin is one of several choices and is a popular IRA investment. The Gold Eagle was first issued in 1986 by the U.S. Mint and has become one of the most popular gold coins in the world. The quality and purity are guaranteed by the United States government.

There's a lot of options of coins and bars you can purchase and store in an IRA. Here are just a few of the IRA-eligible options: 

  • 1 oz. American Eagle Bullion Coins
  • 1 oz. Canadian Maple Leaf Coins
  • American Silver Eagles
  • Gold and silver bars that are 99.9% pure or better

A Blanchard portfolio manager would be happy to discuss available options.

At Blanchard, we help thousands of clients every year properly purchase and store gold bullion in an IRA account that meets IRS requirements. It is an easy and simple 1-2-3 process that we outline here. This allows individual investors to protect and build their wealth for retirement in an asset that is known to hedge against inflation and protect your future purchasing power as a retiree.

Don't Store It At Home

An IRS-approved custodian bank must hold gold added to an IRA. Blanchard has a longstanding relationship with GoldStar Trust Company, but Blanchard will gladly help you get set up with any IRS-approved custodial institution you choose.

Sadly, there are some dealers who have falsely promoted the concept that individual investors may hold bullion themselves through "check book IRAs." Jeffrey M. Christian, managing partner of CPM Group and a widely respected expert on precious-metals investing, warns that this violates IRS guidelines.

“You may face taxes, penalties, and fees on your entire IRA should the IRS decide to call you on your self-storage of precious metals. And, the IRS has the ability to pursue investors doing this at any time. They know it is a violation that they can pursue whenever they want to,” Christian said.

Know Your Dealer

Blanchard is a long-established tangible assets firm with deep roots and integrity. Our portfolio managers develop long-term relationships with our clients and deep bonds of trust. It matters who you do business with. When you work with Blanchard, you are working with the best. You can count on your portfolio manager to work with you to educate you on the various facets and requirements of investing in bullion in your IRA.

Getting started with a Gold IRA is easier than you think. If you want to learn the facts around the ins-and-outs of investing in bullion in an IRA give Blanchard a call today.