A Vaulted IRAs is one option for your self-directed IRA making it possible for you to purchase precious metals. The Vaulted IRA does not allow for physical possession. Instead your Precious Metals are stored in a federally approved and insured depository.
The main advantage of a vaulted storage IRS is that it provides you with amply security as your metals are securely stored and fully insured.
Many IRA clients store their metals at the Delaware Depository. The Delaware Depository is a licensed depository of the CME Group (COMEX and NYMEX Divisions) for the storage of gold, silver, platinum and palladium.
Customer assets are stored in high-security vaults constructed and maintained in compliance with the Bank Protection Act and UL standards. They are equipped with time locks and automatic re-locking devices. Access is restricted and regulated by dual control procedures. Metal detectors monitor egress from high security areas. The entire facility is protected by numerous, redundant alarm and security devices that are independently monitored 24 hours per day, 365 days per year. All activity in and around the facility is digitally recorded.
To supplement experience, physical security and internal controls, Delaware Depository maintains $1 billion in “all-risk” insurance coverage. The current policy is underwritten by Lloyd’s of London and includes all risks of physical loss and/or physical damage, including mysterious disappearance and/or unexplained loss and shortage, employee dishonesty and theft. Loss or damage from fire, flood or other natural disaster is also covered. Loss from acts of war, terrorism, cyber-attack, radioactive contamination, and chemical, biological, biochemical and electromagnetic weapons are excluded.
Another advantage of the Precious Metals Vaulted Storage IRA is liquidity. Liquidity means that you will be able to transfer or sell your metals no matter where you are.
With a Vaulted IRA you are required to have a Custodian. And you have the ability to choose from a number of expert Custodians. Your Gold Silver Group Account Executives can give you the information you need on a number of Custodians who specialize in Self Directed Precious Metals IRAs so you and choose the one that is right for you.
Setting up the Vaulted IRA is simple and easy. Gold Silver Group Account Executives will explain the IRS rules that govern these types of IRA accounts, the list of IRA approved coins and barsandassist you with each step of the process.
The first step in setting up a Gold/Silver or Currency IRA is to roll over all or a portion of your current IRA or 401K and transfer the funds to your new precious metals custodian. This process has no associated penalties or taxes. You can also set-up a completely new self-directed IRA account.
Talk to your Gold Silver Account Executive to discover what metals the IRS has approved for a Precious Metals IRA. Learn about the historical performance and advantages of both gold and silver.
Complete the purchase of your metals and they will sent immediately with free shipping and fully insured to the depository and placed in your account. Storage fees and management fees are determined by the value of your IRA.
You Custodian will send you updated statements.
Start protecting your IRA today!
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