Author - David John Marotta

1
Is a Home Storage Gold IRA Legal?

Is a Home Storage Gold IRA Legal?

Recently I received a brochure from the Capital Gold Group entitled “My Home Storage IRA – Get the Facts”. It described what is sometimes described as a “home storage gold IRA” or “home storage precious metals IRA” where you are the custodian of your own IRA and purchase gold or silver coins with the funds in your IRA and store those coins in a home safe or bank safety deposit box.

The first time I heard of this idea I thought it must be a mistake. I thought it must be illegal. My understanding of IRS rules is that you …

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