Account-owned precious metals must be stored at a third-party depository, where they will be safely locked away and insured.
It’s important to select the right depository for your investment.
Depositories play a large role in your self-directed precious metals investment. The Internal Revenue Code states that metals owned by an IRA must be physically held by a non-bank trustee or a depository that meets IRS regulations. There are many things to consider when choosing a depository for your IRA-held metals, including geographical location, type of storage options, and annual fees.
Most depositories offer commingled and/or segregated storage. Commingled storage refers to a general vault that holds metals owned by multiple owners. The bullion bars or coins removed from a commingled vault should be the same item as the ones deposited, but they may not be the exact bars or coins initially deposited. Segregated storage involves an individual locker or storage unit for your account holdings only, so you are the sole owner of the exact metals inside.
Depositories assess their own annual fees for commingled or segregated storage, which are separate from NDTCO fees. Please feel free to contact us if you have any questions regarding the fee information for any depository listed below.
Please note that New Direction Trust Company does not recommend or endorse any specific depository. Please confer with your metals source to see if there is a specific depository they prefer and to do your due diligence while making your selection. Please check your chosen depositaries for their monthly/annual fee rates. Once you have selected your depository, all depository interactions must go through NDTCO.
If you have any questions on your depository options, please reach out to NDTCO or your metals source for additional information.
