The depository is definitely the secure 3rd-party storage facility for your precious metal products. Storage is provided in both pooled or segregated safekeeping, as well as the depository should also be in good standing with the IRS in an effort to preserve tax-deferred status.Some coins are 22-karat, meaning they have a mix of gold as well as oth
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If you opt for a transfer alternatively, the funds are sent directly to your gold IRA custodian, so there’s no potential for an added payment or penalty. Additionally, since no money is withdrawn and supplied for you, the funds are certainly not taxed because of the IRS.Disclaimer: NerdWallet strives to keep its information accurate and current.