Precious Metals Depository Storage | How To Safely Store It?

Precious Metals Depository Storage

gold bar vault as one of way to store and keep precious metals

When It’s Time to Take a Distribution

Investments inside IRAs are taxed as ordinary income upon distribution. The same investments held outside of qualified plans are taxed as capital gains, which can be significantly less than the income tax for most investors.

The safety and security of your precious metals IRA is critical. As such, clients have the option to work with multiple, non-government, non-bank storage facilities with several depository locations throughout the United States.

Every Oxford Gold Group client can have their IRA metals stored with either Brinks Global  Services U.S.A. or the Delaware Depository. Both depositories are IRS approved and carry  “all-risk” insurance policies from Lloyds of London.

Both Brinks and the Delaware Depository have locations in jurisdictions with no sales tax on the purchase, administration, and storage of your precious metals.

When your IRA is invested in the stock market, and it comes time to take a required minimum distribution (RMD), your distribution is given to you in dollars. Given the fact that the buying power of the U.S. dollar continues to diminish with every passing year, what are those dollars going to be worth in 10 years? 

This is where an IRA backed with precious metals starts to really shine. Precious metals are the only assets you can own in an IRA that do not require liquidation or sale before taking distributions. Unlike every other investment in your IRA (which need to be liquidated before distribution), metals give you a choice: they can be liquidated inside the IRA, or, they can be taken out of the plan in their physical form (and delivered directly to you) as ‘in-kind’  distributions.

Taking physical possession of your metals can be a great opportunity. Taking delivery of your assets allows you to maintain the gold or silver, even after receiving your distribution. This allows for the investment to continue to grow and protect your wealth until you decide to liquidate your assets. Your metals are now held outside of your IRA and will have a different tax implication that inside the plan, should you choose to liquidate. Should you decide never to liquidate your metals, and pass them on to your beneficiaries, they would be inherited on a  ‘stepped-up’ basis. This allows for all the gains on the metals, once outside the plan, to be realized when inherited. Always learn how precious metals works before investing in them.

Why Should You Include Gold & Silver in Your Savings & Retirement? >
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