Gold IRA Home Storage? Don’t Believe the Hype!
Some of the less market-savvy brokers thought they’d found the perfect solution – Home Storage Gold IRAs – but as their customers could be finding out soon, they’re not a good idea.
For keen “Gold Bugs” one of the drawbacks with a gold IRA is the fact that you need to keep your gold in an IRS approved depository, under the watchful eye of a custodian or trustee.
For some there’s an If You Don’t Hold It You Don’t Own It mentality at work, meaning the thought of your gold sitting in a distant bullion vault far from home is not a pleasant one.
So when a handful of gold dealers came up with the idea of a Gold IRA where you can “legally” store your precious metals at home and enjoy them at your leisure – it was set to be a sure-fire winner.